MarketFriction

Mawana Sugars Ltd

NSE MAWANASUG · BSE 523371 · Sugar
₹138.84 -4.25%
NSE close2026-10-01
52 week range75.08 - 164.00
Market cap₹569 Cr.
P/E16.8
Price band 20% Delivery 47.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales381326322387382334343401429367374416
Expenses409285241372393305254401439339287432
Operating Profit-29418115-102989-1-102888-17
OPM %-8%13%25%3.8%-2.7%9%26%-0.1%-2.4%8%23%-4.0%
Other Income26011064510-14111
Interest731013817114168
Depreciation8910889977887
Profit before tax-182963-6-278378-18-22584-31
Tax %-38%39%25%-21%-24%13%21%-25%-25%28%25%-25%
Net Profit-111847-5-207362-14-16463-23
EPS in Rs-2.924.5012.04-1.17-5.1618.5415.77-3.46-4.121.0016.06-5.90
Mar 2016 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,4851,1911,3441,1651,1611,4691,4781,4821,3551,4461,5711,586
Expenses1,3791,0221,3011,0501,1091,3721,3731,4051,2651,3241,4661,497
Operating Profit106169431155296105779012210589
OPM %7%14%3.2%10%4.5%7%7%5%7%8%7%6%
Other Income1035627111792-222870-2-2
Interest775138242735262830302219
Depreciation383024335648403635343131
Profit before tax1443769-131053815531295037
Tax %0%19%-33%41%521%31%31%14%29%15%26%
Net Profit13591040-83732613381093728
EPS in Rs0.2091.782.4910.32-21.1918.736.693.369.6227.979.487.04
Dividend Payout %0%0%0%0%0%16%45%89%42%14%42%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth1%1%2%9%
Compounded Profit Growth47%59%44%-28%
Stock Price CAGR10%13%9%64%
Return on Equity%7%7%8%
Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital393939393939393939393939
Reserves-427-426292302342257331345345371453486
Borrowings504482244143239488276417383568419420
Other Liabilities818958588622788689735250266200185177
Total Liabilities9341,0531,1631,1051,4081,4741,3801,0511,0331,1791,0961,123
Fixed Assets474441321313296298232212197204198188
CWIP13488113316101
Investments000015131043300
Other Assets4606098387841,0891,1611,126832817972897934
Total Assets9341,0531,1631,1051,4081,4741,3801,0511,0331,1791,0961,123
Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity235384963-100-139160-151108-16411473
Cash from Investing Activity-15-412183-17-42129-13-39592-31
Cash from Financing Activity-206-30-157-12794195-245107-76143-206-25
Net Cash Flow1541319-231443-57-6-16-117
Free Cash Flow230273042-125-182135-16274-1668741
CFO/OP-448%36%30%169%-79%-238%166%-144%143%-180%101%82%
Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1318131412151010811812
Inventory Days108165238176417333246214208300266235
Days Payable2252682172043552312015761524434
Cash Conversion Cycle-104-8534-147411755167155259231214
Working Capital Days-211-142-18-30914143426466969
ROCE %-34%73%44%6%17%2%7%10%6%7%10%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%
FIIs0.93%0.35%0.45%0.59%0.88%0.43%0.44%0.96%0.58%0.44%0.55%0.45%
DIIs0.31%0.31%0.31%0.31%0.07%0.07%0.07%0.07%0.07%0.07%0.06%0.06%
Public35.27%35.85%35.76%35.62%35.56%35.99%35.99%35.48%35.86%36.01%35.90%36.01%
No. of Shareholders54,65954,64654,76254,55155,43856,11756,69856,15856,11355,80055,11853,965

Fundamentals

Market Cap₹ 569 Cr.
Current Price₹ 145
Stock P/E16.8
Book Value₹ 134
ROCE8.35 %
ROE8.09 %
Dividend Yield2.76 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)-28%
Consolidated figures.
Valuation
Market capRs 543 Cr
Enterprise valueRs 924 Cr
P/E (TTM)19.72x
Price to book1.04x
Price to sales0.34x
EV / EBITDA10.63x
EV / EBIT16.47x
EV / sales0.58x
Price to cash flow7.41x
Earnings yield5.07%
Dividend yield2.88%
P/E, 3-year average7.29x
P/B, 3-year average0.73x
P/E, 5-year average13.71x
P/B, 5-year average0.89x
Profitability
Operating margin (excl. other income)6.67%
Operating margin (incl. other income)6.56%
EBITDA margin5.48%
Pre-tax margin2.34%
Net profit margin1.74%
Net margin, latest quarter-5.55%
ROE7.30%
ROCE7.75%
ROA3.34%
ROE, 3-year average13.68%
ROCE, 3-year average11.35%
ROA, 3-year average5.46%
ROE, 5-year average10.28%
ROCE, 5-year average9.67%
ROA, 5-year average3.96%
ROIC (approx.)4.61%
Tax rate25.51%
Other income / net worth-0.34%
Growth
Sales growth (latest year)8.60%
Profit growth (latest year)-66.10%
Sales CAGR, 3 years1.97%
Sales CAGR, 5 years1.35%
Profit CAGR, 3 years41.36%
Profit CAGR, 5 years-12.73%
Sales growth QoQ11.02%
Profit growth QoQ-136.75%
Sales growth YoY (latest quarter)3.78%
Per share
EPS (TTM)Rs 7.04
EPS (latest year)Rs 9.48
EPS (latest quarter)Rs -5.90
EPS, 3-year averageRs 15.69
EPS, 5-year averageRs 11.42
Book value per shareRs 134.13
Sales per shareRs 405.47
Cash flow per shareRs 18.74
Free cash flow per shareRs 10.48
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 4.00
Dividend per share, 5-year averageRs 3.60
Dividends
Dividend payout42.19%
Dividend payout, 3-year average32.69%
Dividend payout, 5-year average46.47%
Efficiency
Asset turnover1.40x
Fixed asset turnover8.38x
Inventory turnover1.64x
Inventory days222 days
Debtor days12 days
Debtors turnover29.41x
Creditor days34 days
Cash conversion cycle214 days
Working capital days69 days
Leverage
Total debtRs 420 Cr
Cash and bankRs 40 Cr
Net debtRs 381 Cr
Debt to equity0.80x
Net debt / EBITDA4.38x
Interest coverage2.95x
Owners' fund to total sources46.74%
Debt to assets37.45%
Cash flow
Cash from Operating Activity (latest year)Rs 73 Cr
Cash from Investing Activity (latest year)Rs -31 Cr
Cash from Financing Activity (latest year)Rs -25 Cr
Net Cash Flow (latest year)Rs 17 Cr
Free cash flow (latest year)Rs 41 Cr
FCFE (approx.: FCF + change in debt)Rs 42 Cr
Cash from ops / profit, 5 years-0.09x
Sales to cash flow21.43x
Statement figures
Net sales (TTM)Rs 1,586 Cr
Net sales (latest year)Rs 1,571 Cr
Sales (latest quarter)Rs 416 Cr
Operating profit excl. other income (latest year)Rs 105 Cr
Operating profit (latest quarter)Rs -17 Cr
Other income (TTM)Rs -2 Cr
EBITDA (TTM)Rs 87 Cr
PBDT (TTM)Rs 68 Cr
Profit before tax (TTM)Rs 37 Cr
Tax (latest year)Rs 13 Cr
Net profit (TTM)Rs 28 Cr
Net profit (latest year)Rs 37 Cr
Net profit (latest quarter)Rs -23 Cr
Depreciation (TTM)Rs 31 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 19 Cr
Cost of goods sold (latest year)Rs 1,322 Cr
Total expenditure (latest year)Rs 1,466 Cr
Total income (latest year)Rs 1,569 Cr
Share capitalRs 39 Cr
ReservesRs 486 Cr
Shareholders' fundsRs 525 Cr
Total assetsRs 1,123 Cr
Net blockRs 188 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 53 Cr
InventoryRs 804 Cr
Other liabilitiesRs 177 Cr
Shares outstanding (crore)3.91
Ownership
Promoter holding63.49% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 19.7 is at the 83th percentile of its own 8.4-year range (median 10.2, low 0.4, high 33.1).
P/B 1.04 is at the 85th percentile (median 0.81).
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.
PeriodMAWANASUGNifty 50Difference
1 week+6.2%-2.8% +9.0 pts
1 month-2.4%-6.8% +4.4 pts
3 months+31.5%-7.6% +39.1 pts
6 months+46.9%+0.4% +46.5 pts
1 year+54.0%-9.9% +63.9 pts
2 years+12.9%-13.6% +26.5 pts
3 years+24.8%+14.2% +10.6 pts
5 years+71.8%+27.9% +43.9 pts

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 12% of net profit over the last 3 years
lookRegulator order or action Regulator order or action 2026-02-11: The Company has received a notice of demand under section 156 of the Income Tax Act, 1961 for the assessment year 2021-22 a sum of Rs.7,71
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 2026
Sales ₹416 Cr +3.7% vs Jun 2025. Net loss ₹23 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-25Dividend - Rs 4 Per Share
2025-06-20Dividend - Re 1 Per Share
2024-11-22Interim Dividend - Rs 3 Per Share
2024-06-28Dividend - Rs 4 Per Share
2023-07-07Dividend - Rs 3 Per Share
2022-09-21Annual General Meeting/Dividend - Rs 3 Per Share
2021-09-16 Dividend - Rs 3 Per Share
2021-09-16 Annual General Meeting
2020-07-31 Annual General Meeting
2019-07-25 Annual General Meeting
2018-08-09 Annual General Meeting
2017-07-19 Annual General Meeting
2016-06-03 Annual General Meeting
2015-03-18Annual General Meeting
2013-12-11Annual General Meeting
2012-12-14Annual General Meeting
2011-08-18Annual General Meeting
2010-02-22Annual General Meeting
DateTypeWhat it says
2026-09-26Volume querySignificant increase in volume has been observed in Mawana Sugars Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-09-25Volume querySignificant increase in volume has been observed in Mawana Sugars Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-09-18Shareholder meetingVoting results.
2026-09-04UpdatesDisclosure/Intimation under Regulation 30 of SEBI (LODR) Regulations 2015 - Notice u/s 65 (6) of the Central Goods and Services Tax Act, 2017 (CGST Ac...
2026-09-03UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 - Approval of Scheme of Amalgamation by ...
2026-09-03UpdatesIntimation under Regulation 30 of the Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations, 2015 -Prono...
2026-08-25Price movementSignificant movement in price has been observed in Mawana Sugars Limited. The Exchange, in order to ensure that investors have latest relevant informa...
2026-08-24Price movementSignificant movement in price has been observed in Mawana Sugars Limited. The Exchange, in order to ensure that investors have latest relevant informa...
2026-08-18Shareholder meetingNotice of Postal Ballot
2026-08-08AppointmentAppointment of Mr Satish Agrawal as Independent Director of the company w.e.f. November 03, 2026.
2026-08-08Board meeting outcomeMawana Sugars Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-04Credit RatingCredit Rating
2026-07-04Shareholder meetingVoting results.
2026-07-04Shareholder meetingProceedings of Annual General Meeting held on July 04, 2026
2026-06-11UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") .
2026-06-11Shareholder meetingNotice of Annual General Meeting to be held on July 04, 2026
2026-06-05Record DateRecord date for the purpose of Dividend is 27-Jun-2026.
2026-06-05Board meeting outcomeOutcome of Board Meeting held on Jun 05, 2026.
2026-06-05DividendBoard of Directors at its meeting held on Jun 05, 2026, recommended Final Dividend of Rs. 4 per equity share.
2026-05-23Shareholder meetingNotice of Annual General Meeting to be held on July 04, 2026
2026-05-23General UpdatesOutcome of
2026-05-23Board meeting outcomeMawana Sugars Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-20Credit Rating- OthersCredit Analysis & Research Limited (CARE) has withdrawn the ratings assigned to the Companys Long Term/Short Term Fund Based Working Capital Facilitie...
2026-04-09Disclosure under SEBI TakeovMawana Sugars Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substan...
2026-04-08General UpdatesClosure of sugarcane crushing operations for the sugar season 2025-26
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.
Order dateForumCase
2020-02-13NCLATMawana Sugars Ltd. VS Competition Commission of India & Anr.
2020-01-21NCLATMawana Sugars Ltd. VS Competition Commission of India & Anr.
2019-12-13NCLATMawana Sugars Ltd. VS Competition Commission of India & Anr.
2019-09-30NCLATMawana Sugars Ltd. VS Competition Commission of India & Anr.
2019-09-06NCLATMawana Sugars Ltd. VS Competition Commission of India & Anr.
2019-07-11NCLATMawana Sugars Ltd. VS Competition Commission of India & Anr.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Mawana Sugars Ltd?

Mawana Sugars Ltd (MAWANASUG) has a market capitalisation of Rs 569 Cr. at the 2026-10-01 close.

What is the P/E ratio of Mawana Sugars Ltd?

Mawana Sugars Ltd trades at a P/E of 16.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Mawana Sugars Ltd's latest quarterly results?

In the Jun 2026 quarter, Mawana Sugars Ltd sales was Rs 416 Cr (+3.7% vs Jun 2025) with a net loss of Rs 23 Cr.

What is the 52-week high and low of Mawana Sugars Ltd?

The 52-week high is Rs 164.00 and the 52-week low is Rs 75.08.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03