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Issue Date:09 June 2017     Price in Rs. R 6500    Price in USD. $ 100
    

Coimbature head quartered Suguna Foods Ltd. (http://www.sugunafoods.co.in/) incorporated on 23 March 1994. The poultry business was started by brothers B Soundararajan and G B Sundararajanin 1984.

 

Till 2000, the company was largely confined to Tamil Nadu, when it touched a turnover of INR 1B (INR 100 crore). By 2015, the company was present in 9,000 villages, 18 States, with 23,000 farmers, who between them held 10 crore square feet enclosed area, and produce about 8 million chickens per week. The company claimed to control 18 per cent of the poultry market in India (Source: http://www.theweekendleader.com).

 

In 2006, Suguna Foods diluted 5% equity to International Finance Corporation (IFC), raising USD11.25 million. This was reportedly bought back in 2014. The company is once again closely held by the promoter family.

 

For the year ended Mar’16, the company reported revenue of INR 57.7B (~USD 920m) and net profit of INR 24m; EBITDA was INR USD 1.9B. High finance cost of INR 1.3B ate away into net profit margin. Revenue growth lately has been modest by Indian standards, 5 year CAGR is 9.2%.

  1. Company Background
  2. Business Highlights
  3. Financial Performance
  4. Financial Details

 

  1. Board of Directors
  2. Financial Summary
  3. Profit & Loss Account
  4. Balance Sheet
  5. Ratio

 

  • Suguna Foods Ltd