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06 Aug 2022
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Avadh Sugar & Energy
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ICICI Direct
|
432.25
|
790.00
|
521.10
(-17.05%)
|
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Buy
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|
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12 May 2022
|
Avadh Sugar & Energy
|
ICICI Direct
|
432.25
|
890.00
|
594.85
(-27.33%)
|
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Buy
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05 Feb 2022
|
Avadh Sugar & Energy
|
ICICI Securities Limited
|
432.25
|
970.00
|
658.35
(-34.34%)
|
|
Buy
|
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KLD distillery capacity and 74 MW saleable power capacity. The company produces 6.0 lakh tonnes (lt) of sugar, 8 crore litre of ethanol & 15 crore units of saleable power. Avadh has increased its distillery capacity from 240 KLD to 325 KLD with a...
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19 Nov 2020
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Avadh Sugar & Energy
|
ICICI Securities Limited
|
432.25
|
195.00
|
179.60
(140.67%)
|
Target met |
Hold
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With lower diversion of sugarcane towards B heavy molasses and higher sugarcane crushing in season 2019-20, the company is holding large sugar inventories (3.1 lt). Though the debt is down from ~| 1600 crore to ~ | 1350 crore in the last one year, it is still very high (debt-equity at 2.5x). We believe Avadh would need to export large quantities of sugar in the next year and also add new distillery capacity (either B heavy or sugarcane juice route) to...
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