Buzzing stock: Mawana Sugar rallied 35.5% in three trading days

Buzzing stock: Mawana Sugar rallied 35.5% in three trading days

by 5paisa Research Team Last Updated: 2022-02-17T15:48:11+05:30

The company has reported 41.43% YoY growth in revenue. 

Mawana Sugars Ltd., manufacturer and seller of sugar, ethanol and edible oils is trading up by 11.74% on Thursday; the share price has grown by 35.5% in three days after reporting strong Q3FY22 results and 2.65 lakh shares bought by McKinley Capital Emerging Markets Growth Fund.

In the quarter ended December 2021, Mawana Sugars Ltd.'s revenue grew by 41.43% YoY to Rs 487.59 crore from Rs 344.76 crore in Q3FY21. On a QoQ basis, the revenue was up by 45.06%. Revenue from the sugar segment has increased by 39.83% YoY basis. PBIDT (Ex OI) was reported at Rs 33.37 crore, up by 200.65% as compared to the year-ago period and the corresponding margin was reported at 6.84%, expanding by 362 basis points YoY. PAT was reported at Rs 13.82 crore, up by 245.08% from a loss of Rs 9.53 crore in the same quarter for the previous fiscal year. The PAT margin stood at 2.83% in Q3FY22 expanding from -2.76% in Q3FY21. PAT has increased by 175.82% on QoQ basis. The company has given 42.58% returns in 1 month and 263.79% returns in one year to investors.

Mawana Sugars Ltd. is established in 1899 by Lala Shriram. The company produces Plantation White Sugar, Refined Sugar, speciality sugars and IP grade sugar for the Pharmaceutical segment. The company has set up the state of the art sugar refinery at Nanglamal in collaboration with world-renowned Sugar technology suppliers, Tate and Lyle of the UK to produce refined sugar meeting EU standards. All Units of MSL, Mawana & Nanglamal are ISO 22000 certified.

In the early trade session on Thursday, the stock of Mawana Sugars Ltd. was trading at Rs 122.35 up by 11.74% or Rs 12.85 per share. The 52-week high of the scrip is recorded at Rs 128.90 and the 52-week low at Rs 33.40 on the BSE.

 

Also read: Multibagger Alert: This small-cap sugar company has surged 268% in the past year!


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