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Husein Sugar Mills (HSM)

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#1
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    All about husein sugar mills (HSM)...

    http://www.huseinsugarmills.com/

    http://www.huseinsug...Dec-31-2016.pdf


    #2
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    Husein Sugar Mills (HSM)- Expansion project from present 7,000 TCD capacity to 15,000 TCD in 2 years, The company already started expansion project and there is 233 million amount of CWIP as of Sept 2016. An added operational advantage for the company during the current season is that a Haseeb Waqas Sugar Mill (HWQS) having capacity of 12,000 TCD, which was so far sharing the sugarcane crop of the area with the Company, has shifted to southern Punjab and thus the quantity of sugarcane available to the company is much more than in the preceding seasons and this additional opportunity is also going to help the Company to turn around.

    In order to avail the benefits of the economies of scale and, the availability of abundant quantity of sugarcane due to shifting of a 12,000 TCD mill from the area, the Company is planning to increase its crushing capacity to 15,000 TCD in next two years phasing out as 12,000 TCD next year and 15,000 TCD in next two years.

    Refer to Annual Report Sept 2016 Note no. 1.2

    #3
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    The Company has installed Falling Film Evaporators and has also undertaken further measures to reduce
    percentage of steam consumption and bring it within the range of acceptable levels. These measures are
    hopefully expected to bring additional benefits for the Company, in the shape of bagasse savings, to the
    tune of Rs. 100 million approximately.

    With the shifting of another sugar mill from the vicinity of Husein Sugar Mills to southern Punjab, the
    availability of sugarcane will substantially improve which is free from unhealthy competition. It is now
    fairly hoped that the project will achieve full capacity utilization from the very beginning of crushing
    season
    . This improvement in substantial availability of sugarcane will also reduce conversion cost due to
    incidence of lower fixed cost per unit of sugar production.

    The company has hired professionals having proven experience of turning around sugar mills who have
    sound standings in the industry.

    #4
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    Husein Sugar Mills- Alhamdulillah, the decision of taking early start of crushing season 2016-17 was proved very
    fruitful. The company started new crushing season on November 05, 2016 (last year November
    25, 2016) and crushed 44% more sugarcane than last year. In line with this, sugar production
    rose 52% to 21,835 tons (last year 14,305 tons). The sugar prices at the start of the season were
    very attractive because of hardly any carry forward of stocks from last year production.
    Moreover, there was 15% to 20% more sugarcane plantation in the mills operational area. As
    the mills is self sufficient in its sugarcane requirement, therefore the management took
    advantage of the high sugar prices in market and sold two months production in advance and
    booked good sale rates.
    The company is now on right track and will cover past losses in shortest possible times. The
    confidence of banks have tremendously improved and at the start of the season, working capital
    lines of Rupees 1.10 billion were firmed up and we expect further Rupees 500.00 million lines
    during the remaining season. This has enhanced company ability to procure quality cane and also
    to hold sugar in falling sugar markets. Inshallah the ongoing season will be one of best season in
    the history of company.

    #5
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    We can expect EPS of 13+ alone in 2nd Qtr March 2017, as in last year crushing season company posted EPS 9.76 (actual) alone for 2Qtr March 2016 when it was holding stock/inventory of 592 millions as of December 2015 and now this year crushing season December 2016 Inventory/stock position is 711 millions.

    By taking Half Yearly 2017 EPS 17+ we can expect share price 75+ upon 2nd Qtr March 2017 result, IN SHA ALLAH... rest ALLAH PAK bless us with good profits.. Ameen.

    #6
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    Husein Sugar Mills- Alhamdulillah, the decision of taking early start of crushing season 2016-17 was proved very
    fruitful. The company started new crushing season on November 05, 2016 (last year November
    25, 2016) and crushed 44% more sugarcane than last year. In line with this, sugar production
    rose 52% to 21,835 tons (last year 14,305 tons). The sugar prices at the start of the season were
    very attractive because of hardly any carry forward of stocks from last year production.
    Moreover, there was 15% to 20% more sugarcane plantation in the mills operational area. As
    the mills is self sufficient in its sugarcane requirement, therefore the management took
    advantage of the high sugar prices in market and sold two months production in advance and
    booked good sale rates.

    The company is now on right track and will cover past losses in shortest possible times. The
    confidence of banks have tremendously improved and at the start of the season, working capital
    lines of Rupees 1.10 billion were firmed up and we expect further Rupees 500.00 million lines
    during the remaining season. This has enhanced company ability to procure quality cane and also
    to hold sugar in falling sugar markets. Inshallah the ongoing season will be one of best season in
    the history of company.

    http://www.huseinsug...Dec-31-2016.pdf






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