Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 134.63 | 144.10 | 239.17 | 141.17 | 137.12 | 143.13 | 209.06 | 119.88 | 146.72 | 122.97 | 158.89 | 99.00 |
| Expenses | 146.07 | 135.70 | 190.31 | 138.78 | 152.55 | 150.01 | 149.26 | 132.55 | 159.47 | 124.20 | 137.05 | 90.92 |
| Operating Profit | -11.44 | 8.40 | 48.86 | 2.39 | -15.43 | -6.88 | 59.80 | -12.67 | -12.75 | -1.23 | 21.84 | 8.08 |
| OPM % | -8.50% | 5.83% | 20.43% | 1.69% | -11.25% | -4.81% | 28.60% | -10.57% | -8.69% | -1.00% | 13.75% | 8.16% |
| Other Income | 0.02 | 0.00 | 0.82 | 0.08 | 0.03 | 0.02 | 0.40 | 0.02 | 0.24 | 1.46 | 85.70 | 17.94 |
| Interest | 4.80 | 5.17 | 8.21 | 9.46 | 9.56 | 10.04 | 9.69 | 8.56 | 10.93 | 12.97 | 12.23 | 12.32 |
| Depreciation | 5.32 | 5.32 | 5.43 | 5.34 | 5.36 | 5.41 | 3.26 | 4.84 | 5.15 | 4.56 | 3.99 | 4.55 |
| Profit before tax | -21.54 | -2.09 | 36.04 | -12.33 | -30.32 | -22.31 | 47.25 | -26.05 | -28.59 | -17.30 | 91.32 | 9.15 |
| Tax % | 0.09% | 0.00% | 10.18% | 0.00% | 0.00% | 0.00% | 1.90% | 0.00% | 0.00% | 0.00% | 0.81% | 0.00% |
| Net Profit | -21.56 | -2.09 | 32.38 | -12.33 | -30.32 | -22.31 | 46.35 | -26.05 | -28.58 | -17.30 | 90.59 | 9.15 |
| EPS in Rs | -4.24 | -0.46 | 6.73 | -2.59 | -6.36 | -4.68 | 9.73 | -5.47 | -6.00 | -3.63 | 19.01 | 1.92 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 399 | 309 | 486 | 417 | 482 | 580 | 614 | 658 | 655 | 630 | 548 | 528 |
| Expenses | 388 | 319 | 535 | 436 | 442 | 564 | 589 | 638 | 610 | 591 | 553 | 512 |
| Operating Profit | 11 | -10 | -50 | -18 | 40 | 15 | 25 | 21 | 45 | 40 | -5 | 16 |
| OPM % | 2.7% | -3.2% | -10% | -4.4% | 8% | 2.6% | 4.1% | 3.1% | 7% | 6% | -0.9% | 3.0% |
| Other Income | 6 | 0 | 1 | 0 | 0 | 1 | 6 | 11 | 1 | 67 | 87 | 105 |
| Interest | 10 | 15 | 16 | 12 | 21 | 22 | 18 | 18 | 23 | 39 | 45 | 48 |
| Depreciation | 4 | 20 | 20 | 20 | 20 | 21 | 21 | 21 | 21 | 19 | 19 | 18 |
| Profit before tax | 2 | -45 | -85 | -51 | -1 | -27 | -7 | -8 | 2 | 49 | 19 | 55 |
| Tax % | -22% | -1% | 0% | 0% | -187% | 0% | 15% | 26% | 317% | 2% | 4% | |
| Net Profit | 3 | -44 | -85 | -51 | 1 | -27 | -9 | -10 | -3 | 48 | 19 | 54 |
| EPS in Rs | 0.78 | -8.69 | -17.83 | -10.36 | 0.56 | -5.13 | -1.63 | -1.83 | -0.69 | 10.09 | 3.92 | 11.30 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 3% | -1% | -6% | -13% | ||
| Compounded Profit Growth | 17% | 22% | 59% | 267% | ||
| Stock Price CAGR | 19% | 23% | 23% | 90% | ||
| Return on Equity | % | % | % | 12% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
| Reserves | -120 | -116 | 103 | 19 | -31 | -28 | -53 | -61 | -70 | -85 | 96 | 120 |
| Borrowings | 79 | 63 | 90 | 54 | 275 | 276 | 231 | 168 | 114 | 232 | 202 | 273 |
| Other Liabilities | 428 | 379 | 440 | 491 | 357 | 447 | 496 | 573 | 597 | 520 | 569 | 463 |
| Total Liabilities | 434 | 373 | 681 | 611 | 649 | 743 | 722 | 727 | 689 | 714 | 914 | 904 |
| Fixed Assets | 55 | 53 | 316 | 299 | 280 | 272 | 257 | 242 | 248 | 234 | 223 | 205 |
| CWIP | 0 | 1 | 0 | 0 | 3 | 2 | 2 | 18 | 4 | 6 | 1 | 1 |
| Investments | 28 | 35 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 238 | 326 |
| Other Assets | 351 | 284 | 327 | 274 | 327 | 431 | 424 | 430 | 399 | 435 | 453 | 372 |
| Total Assets | 434 | 373 | 681 | 611 | 649 | 743 | 722 | 727 | 689 | 714 | 914 | 904 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 84 | 31 | -12 | 56 | -177 | 46 | 79 | 99 | 68 | -47 | 70 | -27 |
| Cash from Investing Activity | -5 | -8 | 8 | -3 | -4 | -11 | -6 | -15 | -3 | -51 | -2 | 2 |
| Cash from Financing Activity | -78 | -23 | 10 | -49 | 182 | -40 | -75 | -82 | -66 | 95 | -69 | 27 |
| Net Cash Flow | 1 | -1 | 6 | 4 | 1 | -6 | -3 | 1 | -0 | -3 | -1 | 1 |
| Free Cash Flow | 79 | 22 | -13 | 53 | -181 | 34 | 73 | 78 | 55 | -58 | 68 | -29 |
| CFO/OP | -437% | 290% | 118% | -113% | 955% | 113% | 522% | 392% | 343% | -102% | 176% | 569% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11 | 20 | 24 | 14 | 11 | 15 | 17 | 8 | 9 | 12 | 16 | 16 |
| Inventory Days | 116 | 60 | 166 | 65 | 133 | 230 | 165 | 180 | 145 | 180 | 197 | 201 |
| Days Payable | 335 | 356 | 552 | 327 | 295 | 390 | 332 | 371 | 340 | 345 | 356 | 314 |
| Cash Conversion Cycle | -208 | -277 | -361 | -247 | -151 | -145 | -150 | -183 | -186 | -153 | -143 | -97 |
| Working Capital Days | -225 | -257 | -299 | -268 | -209 | -177 | -196 | -226 | -231 | -228 | -220 | -240 |
| ROCE % | -36% | 62% | -20% | -32% | -16% | 6% | -2% | 5% | 6% | 15% | 33% | 16% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 65.13% | 65.13% | 65.13% | 65.13% | 65.13% | 65.13% | 65.13% | 65.13% | 65.13% | 65.13% | 65.13% | 65.13% |
| FIIs | 2.01% | 2.01% | 2.01% | 0.00% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.01% | 2.01% | 2.01% |
| Public | 32.86% | 32.86% | 32.86% | 32.87% | 32.87% | 32.87% | 32.88% | 32.87% | 32.86% | 32.87% | 32.87% | 32.86% |
| No. of Shareholders | 6,654 | 6,556 | 6,660 | 6,301 | 6,080 | 6,220 | 6,203 | 6,110 | 6,257 | 6,285 | 6,299 | 6,323 |
Fundamentals
Market Cap₹ 316 Cr.
Current Price₹ 66.4
Stock P/E5.87
Book Value₹ 35.1
ROCE16.2 %
ROE11.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-13%
Compounded Profit Growth (TTM)267%
Consolidated figures.
Valuation
Market capRs 334 Cr
Enterprise valueRs 602 Cr
P/E (TTM)6.19x
Price to book1.99x
Price to sales0.63x
EV / EBITDA4.97x
EV / EBIT5.85x
EV / sales1.14x
Earnings yield16.15%
P/E, 3-year average5.57x
P/B, 3-year average-0.91x
P/E, 5-year average5.57x
P/B, 5-year average-4.03x
Profitability
Operating margin (excl. other income)-0.88%
Operating margin (incl. other income)15.07%
EBITDA margin22.99%
Pre-tax margin10.35%
Net profit margin10.21%
Net margin, latest quarter9.24%
ROE12.01%
ROCE16.30%
ROA2.05%
ROE, 3-year average38.07%
ROCE, 3-year average21.94%
ROA, 3-year average2.50%
ROE, 5-year average49.14%
ROCE, 5-year average15.96%
ROA, 5-year average1.04%
ROIC (approx.)22.71%
Tax rate3.82%
Other income / net worth52.23%
Growth
Sales growth (latest year)-13.01%
Profit growth (latest year)-61.21%
Sales CAGR, 3 years-5.91%
Sales CAGR, 5 years-1.10%
Sales growth QoQ-37.69%
Profit growth QoQ-89.90%
Sales growth YoY (latest quarter)-17.42%
Per share
EPS (TTM)Rs 11.30
EPS (latest year)Rs 3.92
EPS (latest quarter)Rs 1.92
EPS, 3-year averageRs 4.44
EPS, 5-year averageRs 1.97
Book value per shareRs 35.13
Sales per shareRs 110.71
Cash flow per shareRs -5.74
Free cash flow per shareRs -6.09
Efficiency
Asset turnover0.61x
Fixed asset turnover2.67x
Inventory turnover2.00x
Inventory days182 days
Debtor days16 days
Debtors turnover22.37x
Creditor days314 days
Cash conversion cycle-97 days
Working capital days-240 days
Leverage
Total debtRs 273 Cr
Cash and bankRs 4 Cr
Net debtRs 269 Cr
Debt to equity1.63x
Net debt / EBITDA2.22x
Interest coverage2.13x
Owners' fund to total sources18.52%
Debt to assets30.24%
Cash flow
Cash from Operating Activity (latest year)Rs -27 Cr
Cash from Investing Activity (latest year)Rs 2 Cr
Cash from Financing Activity (latest year)Rs 27 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -29 Cr
FCFE (approx.: FCF + change in debt)Rs 42 Cr
Cash from ops / profit, 5 years3.62x
Statement figures
Net sales (TTM)Rs 528 Cr
Net sales (latest year)Rs 548 Cr
Sales (latest quarter)Rs 99 Cr
Operating profit excl. other income (latest year)Rs -5 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 105 Cr
EBITDA (TTM)Rs 121 Cr
PBDT (TTM)Rs 73 Cr
Profit before tax (TTM)Rs 55 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 54 Cr
Net profit (latest year)Rs 19 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 18 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 48 Cr
Cost of goods sold (latest year)Rs 504 Cr
Total expenditure (latest year)Rs 553 Cr
Total income (latest year)Rs 636 Cr
Share capitalRs 48 Cr
ReservesRs 120 Cr
Shareholders' fundsRs 167 Cr
Total assetsRs 904 Cr
Net blockRs 205 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 326 Cr
ReceivablesRs 25 Cr
InventoryRs 252 Cr
Other liabilitiesRs 463 Cr
Shares outstanding (crore)4.77
Ownership
Promoter holding65.13% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 1.99 is at the 85th percentile (median 1.05).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 532102 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +4.6% | -2.8% | +7.3 pts |
| 1 month | +8.6% | -6.8% | +15.4 pts |
| 3 months | +18.2% | -7.6% | +25.8 pts |
| 3 years | +97.2% | +14.2% | +83.0 pts |
| 5 years | +204.3% | +27.9% | +176.5 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was -7% of net profit over the last 3 years |
| explain | Debt up, profit down Borrowings up 35% while net profit fell in 2026 |
| explain | Low interest cover Interest cover 1.4x in 2026 |
| look | Profit leans on other income Other income was 451% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹99 Cr -17.4% vs Jun 2025.
Net profit ₹9 Cr +135.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Balrampur Chini Mills Ltd | 14,238 | 38.4 | 9.27 % |
| Triveni Engineering and Industries Ltd | 5,270 | 20.1 | 9.02 % |
| Shree Renuka Sugars Ltd | 4,798 | -3.06 % | |
| Bajaj Hindusthan Sugar Ltd | 4,777 | 36.9 | 3.11 % |
| Bannari Amman Sugars Ltd | 4,144 | 34.0 | 8.75 % |
| Dalmia Bharat Sugar & Industries Ltd | 3,334 | 16.2 | 8.18 % |
| Avadh Sugar & Energy Ltd | 1,601 | 23.8 | 6.83 % |
| M.V.K. Agro Food Product Ltd | 1,253 | 25.3 | 14.4 % |
| Uttam Sugar Mills Ltd | 1,110 | 12.6 | 11.4 % |
| Dhampur Sugar Mills Ltd | 1,102 | 15.7 | 6.43 % |
| Zuari Industries Ltd | 840 | 7.27 | 5.45 % |
| Dhampur Bio Organics Ltd | 831 | 32.5 | 4.98 % |
| Dwarikesh Sugar Industries Ltd | 803 | 55.4 | 4.62 % |
| Magadh Sugar & Energy Ltd | 759 | 14.7 | 7.75 % |
| Ugar Sugar Works Ltd | 650 | 22.5 | 9.00 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of SBEC Sugar Ltd?
SBEC Sugar Ltd (532102) has a market capitalisation of Rs 316 Cr. at the 2026-10-01 close.
What is the P/E ratio of SBEC Sugar Ltd?
SBEC Sugar Ltd trades at a P/E of 5.87 on trailing twelve-month profit, at the 2026-10-01 close.
What were SBEC Sugar Ltd's latest quarterly results?
In the Jun 2026 quarter, SBEC Sugar Ltd sales was Rs 99 Cr (-17.4% vs Jun 2025) and net profit was Rs 9 Cr.