PSX Listed Mehran Sugar Mill Limited Report 14th March 2017

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PSX Sugar Mills Summary
Sugar Mills LDCP Open High Low Current Change Volume
Mirza Sugar5.236.196.235.756.23 1.00514,000
Shakarganj Limited61.1960.1562.259.2661.82 0.63303,500
Haseeb Waqas Sugar11.2311.4511.510.410.77 -0.46158,500
Imperial Sugar Ltd.24.6924.224.523.624.42 -0.27119,500
Adam SugarXD53.9952.2555.855255.63 1.6487,000
Husein Sugar Mills35.9835.7836.4935.0535.91 -0.0763,000
Sakrand Sugar9.91010.428.939.53 -0.3754,000
Habib Sugar49.5548.2548.254848 -1.5531,500
Shahmurad Sugar47.545.2145.2145.1345.13 -2.3727,500
AL-Noor Sugar8683.58581.785 -1.0019,500
Dated: 14-03-2017 Source: KSE
MEHS.KA on Pakistan Stock Exchange Price Change (% chg) Prev. Close Day’s High Volume 52-Wk High
Rs 200.00 Rs -- -- Rs 241.50
200.00 PKR 9 Mar 2017 Rs -.- (-.-%) Open Day’s Low Avg. Vol 52-Wk High
Rs -- Rs (--.-) 4,526 Rs (127.30)

Mehran Sugar is Pakistan’s leading producer and marketer of both white and brown sugar. The company also has investments in an ethanol facility as well as in blue chip companies listed on the Karachi Stock Exchange. Mehran was founded in 1965 as a public Limited company and is quoted on the Karachi Stock Exchange. The company has thrice been awarded the prestigious top 25 KSE company award.

Our core cane procurement area is one of the richest and most densely populated cane zones in Pakistan. The quality of land and vast irrigation network in our vicinity allows our farmer to have a higher farm yield than the countries average. It also allows Mehran to have one of the highest factory yields in the country. This allows us to be a competitive sugar producer. Our sugar processing facility is also one of the most efficient in Pakistan. Our crushing capacity is above the average size of mills in the country thus allowing us economies of scale. Our investment in energy and plant efficiency also makes us a low cost and long term player.

We follow recognised high standards, work with industry leading service providers, and engage in credible initiatives in our pursuit of sustainability. Our credibility and goodwill with our investors, suppliers and creditors allows us to continue to remain a sustainable business. We actively monitor, mitigate and exploit the market, regulatory and economic issues related to and arising from sustainability.

Mission Statement

Preamble:We the management of Enterprise, have set forth our belief as to the purpose for which the Company is established and the principles under which it should operate. We pledge our efforts to the accomplishment of the purpose within the agreed principles.

Basic Purpose: The basic purpose of our Enterprise is to perpetuate as a Public Limited Company engaged in manufacturing and marketing white refined cane sugar, food products, sugar byproducts and other products wherein management or sponsors have expertise. In addition we preserve to assume a leadership position in related industry regarding quality of the product, cost effectiveness, turnover and technology.

Vision Statement

Focusing on our customer and shareholders satisfaction with challenging spirit and flexibility. We are dedicated to have eminent position in manufacturing and supplying quality white refined sugar and allied products and thereby play a vital role in the social economic development of the country.

Head Office: 3rd Floor, Bank House No. 1, Habib Square, M.A. Jinnah Road, Karachi. P: (+92-021)  111-786-878  &  2418050-4 E: violin@cyber.net.pk  &  info@faran.com.pk
Overall Financials
Beta 0.60 MEHS.KA Industry Sector
Market Cap (Mil.) Rs 6,278.12 P/E (TTM) 10.37 19.68 39.20
Shares Outstanding (Mil.) 32.03 EPS (TTM) 18.89
Dividend 1.50 ROI 17.83 4.34 54.03
Yield (%) 3.44 ROE 25.68 4.52 61.00
Source: PSX

Regular Snapshots

Open Rate 195.00 High 195.00 Bid Volume 500 Bid Price 193.00 53 Wk High 240.91
Current Rate 195.00 Low 195.00 Offer Volume 200 Offer Price 204.75 52 Wk Low 134
L.D.C.P 195.00 Chg. 0.00 (0.00%) Volume 600 Mkt. Cap (m) 6246.12 Ostdg. Shr (m) 32.03
VAR 19.8 Haircut 24.75 Circuit Brk. Up 204.75 Circuit Brk. Low 185.25 Free Float (m) 6.41
MEHS.KA
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Financial Annoucement
Date Year ended / Half Year ended Dividend / Bonus / Right Profit / (Loss) Before Taxation (Rs. in Mn.) Profit / (Loss) After Taxation (Rs. in Mn.) EPS (Rs.) Annual General Meeting / E.O.G.M. Closure of Share Transfer Books
20170130 31/12/2016(IQ) 15% (D) 272.306 259.785 8.11 - 20/02/2017 - 26/02/2017
20161221 30/09/2016(YR) 22.5% (F) (D) 668.006 541.806 16.91 31/01/2017 25/01/2017 - 31/01/2017
20160801 30/06/2016(IIIQ) 15% (D) 624.095 489.851 15.29 - 15/08/2016 - 21/08/2016
20160526 31/03/2016(HYR) 15% (ii) (D) 506.226 375.225 11.71 - 06/06/2016 - 12/06/2016
20160126 31/12/2015(IQ) 12.50%(I) (D) 253.653 196.6 6.14 - 22/02/2016 - 28/02/2016
20151228 30/09/2015(YR) 15% (D) 546.876 430.034 13.43 29/01/2016 22/01/2016 - 29/01/2016
20150902 - 10%(IV) (D) - - - - 17/09/2015 - 23/09/2015
20150728 30/06/2015(IIIQ) 12.50%(I) (D) 412.645 329.08 10.27 - 10/08/2015 - 16/08/2015
20150512 31/03/2015(HYR) 12.5%(II) (D) 305.47 226.729 7.08 - 01/06/2015 - 07/06/2015
20150128 31/12/2014(IQ) 10%(I) (D) 81.514 64.447 2.01 - 11/02/2015 - 17/02/2015
20141230 30/09/2014(YR) 10% (D) 323.543 269.106 8.4 28/01/2015 21/01/2015 - 28/01/2015
20140728 30/06/2014(IIIQ) 6%(I) (D) 401.455 305.556 9.54 - 18/08/2014 - 24/08/2014
20140515 31/03/2014(HYR) 5%(I) (D) - 10% (I) (B) 414.144 303.853 10.43 - 02/06/2014 - 08/06/2014
20140130 31/12/2013(IQ) 5%(I) (D) 105.131 73.844 2.92 - 21/02/2014 - 27/02/2014
20140129 31/12/2013(IQ) 5% (D) 105.131 73.844 2.92 - 21/02/2014 - 27/02/2014 -
20131218 30/06/2013(YR) 7.5% (D) - 15% (B) 431.021 397.499 15.7 27/01/2014 27/01/2014 - 21/01/2014
20130729 30/06/2013(IIIQ) 5% (iii) (D) 401.801 335.321 13.24 - 23/08/2013 - 31/08/2013
20130523 31/03/2013(HYR) 7.5% (II) (D) - 10% (I) (B) 311.314 268.585 11.67 - 10/06/2013 - 16/06/2013
20130130 31/12/2012(IQ) DIVIDEND 5% (i) 130.561 95.495 4.56 - 18/02/2013 - 24/02/2013
20121204 30/09/2012(YR) 7.50% (D) - 10% (B) 353.635 272.556 13.02 28/01/2013 22/01/2013 - 28/01/2013
20120731 30/06/2012(IIIQ) 5%(iii) (D) 290.579 221.381 10.58 - 24/08/2012 - 06/09/2012
20120523 31/03/2012(HYR) 7.50%(i) (D) - 10% (B) 256.324 176.734 9.29 - 18/06/2012 - 24/06/2012
20120130 31/12/2011(IQ) 5%(i) (D) 22.628 13.005 0.75 - 20/02/2012 - 26/02/2012
20111216 30/09/2011(YR) 7.5%(F) (D) - 10% (B) 416.496 322.856 18.67 31/01/2012 25/01/2012 - 31/01/2012
20110727 30/06/2011(IIIQ) 7.5%(iii) (D) 412.009 288.428 16.68 - 17/08/2011 - 23/08/2011
20110526 31/03/2011(HYR) 7.5%(i) (D) - 10%(i) (B) 373.823 258.871 16.47 - 17/06/2011 - 23/06/2011
20110125 31/12/2010(IQ) 7.5%(i) (D) 152.852 109.569 7.67 - 21/02/2011 - 28/02/2011
20101207 30/09/2010(YR) 10%(F) (D) - 10% (B) 321.129 241.986 16.93 21/01/2O11 14/01/2011 - 21/01/2011
20100727 30/09/2010(IIIQ) 7.5%(i) (D) 278.364 191.417 13.39 - 20/08/2010 - 26/08/2010
20100518 31/03/2010(HYR) 7.5%(ii) (D) - 10%(i) (B) 190.479 131.03 10.08 - 02/06/2010 - 08/06/2010
20100128 31/12/2009(IQ) 10%(i) (D) 136.031 91.027 7.71 - 15/02/2010 - 21/02/2010
20091215 30/09/2009(YR) 12.5%(F) (D) - 10% (B) 245.693 175.912 14.89 26/01/2010 19/01/2010 - 26/01/2010
20090728 30/06/2OO9(IIIQ) 10%(ii) (D) 196.58 124.932 10.58 - 17/08/2009 - 23/08/2009
20090518 31/03/2OO9(HYR) 20%(i) (B) 174.38 109.709 11.14 - 09/06/2009 - 15/06/2009
20090202 31/12/2OO8(IQ) 12.5%(i) (D) 127.608 127.583 12.96 - 16/02/2009 - 22/02/2009
20081223 30/09/2OO8(YR) - 60.564 57.375 5.83 - 24/01/2009 - 30/01/2009