MarketFriction

Ponni Sugars (Erode) Ltd

NSE PONNIERODE · BSE 532460 · Sugar
₹372.35 +0.04%
NSE close2026-10-01
52 week range252.40 - 455.00
Market cap₹330 Cr.
P/E11.0
Price band 20% Delivery 54.2%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales127.84124.4371.3154.7394.54115.7494.4560.37113.73151.3589.5491.87
Expenses109.77109.5661.3357.1481.91111.5882.6169.1296.44142.0471.6593.65
Operating Profit18.0714.879.98-2.4112.634.1611.84-8.7517.299.3117.89-1.78
OPM %14.13%11.95%14.00%-4.40%13.36%3.59%12.54%-14.49%15.20%6.15%19.98%-1.94%
Other Income1.992.044.055.663.560.921.818.262.483.6851.693.13
Interest0.020.030.080.03-0.010.000.030.050.010.000.540.00
Depreciation2.132.192.302.292.422.472.902.602.722.722.962.88
Profit before tax17.9114.6911.650.9313.782.6110.72-3.1417.0410.2766.08-1.53
Tax %16.30%20.69%-16.39%12.90%16.33%7.66%57.74%-14.65%14.55%7.79%59.62%-19.61%
Net Profit14.9911.6513.560.8111.532.414.53-2.6814.569.4726.68-1.23
EPS in Rs17.4313.5515.770.9413.412.805.27-3.1216.9311.0131.03-1.43
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales169251196185310256288435421359415446
Expenses168213175165269226253395378333378404
Operating Profit23821204130364043263643
OPM %1.0%15%11%11%13%12%12%9%10%7%9%10%
Other Income12-6-925671518126561
Interest652331000011
Depreciation666677689101111
Profit before tax3224123629364852289092
Tax %27%28%12%30%14%10%19%19%10%31%47%
Net Profit216383126293847194849
EPS in Rs2.2118.523.889.8035.9829.8434.0244.5954.5022.4255.8657.54
Dividend Payout %54%14%26%20%11%17%16%15%13%13%9%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%10%-2%22%
Compounded Profit Growth-5%%%175%
Stock Price CAGR7%10%-4%34%
Return on Equity6%5%3%-2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital999999999999
Reserves112113248264284239318360444543524560
Borrowings78774973520000000
Other Liabilities515032486348505062534884
Total Liabilities249249338328391315376419515605580652
Fixed Assets128123118120114109104112118123130143
CWIP0000000412112
Investments212114115616995151170225290255244
Other Assets1001057953108111120133170189183263
Total Assets249249338328391315376419515605580652
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1163551-2216291111161031
Cash from Investing Activity-00-0-5213-131-12-5-31
Cash from Financing Activity-11-6-34-4623-19-24-4-5-6-6-3
Net Cash Flow-001-13-37-67-2-1-4
Free Cash Flow1063443-231327-702-1716
CFO/OP-192%369%105%254%-107%51%112%44%48%59%56%103%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days346135347582585719293119
Inventory Days2261771139324369111143107122187179
Days Payable99853410913851766648302630
Cash Conversion Cycle162153114181801009313578121192168
Working Capital Days27374152964771045484125110
ROCE %-5%-1%13%6%6%13%10%10%12%10%5%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters42.36%42.36%42.36%47.26%47.26%47.26%47.34%47.34%47.34%47.34%47.34%47.34%
FIIs22.91%22.85%22.64%12.89%10.90%9.50%9.52%9.48%9.46%9.46%9.60%9.46%
DIIs0.05%0.05%0.05%0.70%0.93%0.93%0.93%0.93%0.93%0.22%0.05%0.05%
Public34.70%34.74%34.96%39.16%40.91%42.31%42.22%42.26%42.27%42.99%43.01%43.17%
No. of Shareholders17,43417,33517,04418,45618,39618,30718,26418,21818,01117,75017,41116,935

Fundamentals

Market Cap₹ 330 Cr.
Current Price₹ 384
Stock P/E11.0
Book Value₹ 661
ROCE7.27 %
ROE-2.14 %
Dividend Yield1.30 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)22%
Compounded Profit Growth (TTM)175%
Standalone figures.
Valuation
Market capRs 320 Cr
Enterprise valueRs 273 Cr
P/E (TTM)6.47x
Price to book0.56x
Price to sales0.72x
EV / EBITDA2.63x
EV / EBIT2.95x
EV / sales0.61x
Price to cash flow10.39x
Earnings yield15.45%
Dividend yield1.34%
P/E, 3-year average8.61x
P/B, 3-year average0.51x
P/E, 5-year average8.30x
P/B, 5-year average0.56x
Profitability
Operating margin (excl. other income)8.80%
Operating margin (incl. other income)24.54%
EBITDA margin23.23%
Pre-tax margin20.57%
Net profit margin11.08%
Net margin, latest quarter-1.34%
ROE8.73%
ROCE16.51%
ROA7.80%
ROE, 3-year average7.20%
ROCE, 3-year average10.68%
ROA, 3-year average6.48%
ROE, 5-year average7.87%
ROCE, 5-year average10.82%
ROA, 5-year average7.00%
ROIC (approx.)9.45%
Tax rate46.78%
Other income / net worth11.50%
Growth
Sales growth (latest year)15.45%
Profit growth (latest year)149.12%
Sales CAGR, 3 years-1.59%
Sales CAGR, 5 years10.12%
Profit CAGR, 3 years7.80%
Profit CAGR, 5 years13.36%
Sales growth QoQ2.60%
Profit growth QoQ-104.61%
Sales growth YoY (latest quarter)52.18%
Per share
EPS (TTM)Rs 57.55
EPS (latest year)Rs 55.86
EPS (latest quarter)Rs -1.43
EPS, 3-year averageRs 44.26
EPS, 5-year averageRs 42.28
Book value per shareRs 660.74
Sales per shareRs 519.27
Cash flow per shareRs 35.82
Free cash flow per shareRs 18.61
Dividend per share (latest year)Rs 5.00
Dividend per share, 3-year averageRs 5.00
Dividend per share, 5-year averageRs 5.40
Dividends
Dividend payout8.95%
Dividend payout, 3-year average11.73%
Dividend payout, 5-year average13.19%
Efficiency
Asset turnover0.64x
Fixed asset turnover2.90x
Inventory turnover2.65x
Inventory days138 days
Debtor days19 days
Debtors turnover18.91x
Creditor days30 days
Cash conversion cycle168 days
Working capital days110 days
Leverage
Cash and bankRs 48 Cr
Net debtRs -48 Cr
Net debt / EBITDA-0.46x
Interest coverage154.10x
Owners' fund to total sources87.15%
Cash flow
Cash from Operating Activity (latest year)Rs 31 Cr
Cash from Investing Activity (latest year)Rs -31 Cr
Cash from Financing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs 16 Cr
Cash from ops / profit, 5 years0.44x
Sales to cash flow13.47x
Statement figures
Net sales (TTM)Rs 446 Cr
Net sales (latest year)Rs 415 Cr
Sales (latest quarter)Rs 92 Cr
Operating profit excl. other income (latest year)Rs 36 Cr
Operating profit (latest quarter)Rs -2 Cr
Other income (TTM)Rs 61 Cr
EBITDA (TTM)Rs 104 Cr
PBDT (TTM)Rs 103 Cr
Profit before tax (TTM)Rs 92 Cr
Tax (latest year)Rs 42 Cr
Net profit (TTM)Rs 49 Cr
Net profit (latest year)Rs 48 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 11 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 342 Cr
Total expenditure (latest year)Rs 378 Cr
Total income (latest year)Rs 480 Cr
Share capitalRs 9 Cr
ReservesRs 560 Cr
Shareholders' fundsRs 568 Cr
Total assetsRs 652 Cr
Net blockRs 143 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 244 Cr
ReceivablesRs 22 Cr
InventoryRs 129 Cr
Other liabilitiesRs 84 Cr
Shares outstanding (crore)0.86
Ownership
Promoter holding47.34% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 6.5 is at the 13th percentile of its own 9.4-year range (median 9.3, low 4.0, high 36.5).
P/B 0.56 is at the 49th percentile (median 0.56).
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.
PeriodPONNIERODENifty 50Difference
1 week-2.2%-2.8% +0.6 pts
1 month-2.1%-6.8% +4.7 pts
3 months+18.2%-7.6% +25.8 pts
6 months+35.4%+0.4% +35.0 pts
1 year+29.2%-9.9% +39.1 pts
2 years-20.9%-13.6% -7.3 pts
3 years-13.3%+14.2% -27.5 pts
5 years+53.4%+27.9% +25.5 pts

Red flags

F-score 7 of 8
explainWeak cash conversion Cash from operations was 49% of net profit over the last 3 years
lookProfit leans on other income Other income was 72% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-01-29: Ponni Sugars (Erode) Limited has informed the Exchange about receipt of Order on Transfer Pricing from Income Tax Department
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 ₹92 Cr +52.2% vs Jun 2025. Net loss ₹1 Cr.
Against our estimate for Jun 2026: sales +34.9%, profit -119.0% miss. Our estimate for Sep 2026: sales Rs 140 Cr, profit Rs 13 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-05Dividend - Rs 5 Per Share
2025-05-30Dividend - Rs 3 Per Share
2024-05-22Annual General Meeting/Dividend - Rs 7 Per Share
2023-06-08Annual General Meeting/Dividend - Rs 6.50 Per Share
2022-07-06Annual General Meeting/Dividend - Rs 5.50 Per Share
2021-07-06 Annual General Meeting/Dividend - Rs 4 Per Share/Special Dividend - Re 1 Per Share
2020-08-11 Annual General Meeting/Dividend - Rs 4 Per Sh
2019-07-15 Annual General Meeting/Dividend - Rs 2 Per Share
2018-07-17 Annual General Meeting/Dividend- Re 1 Per Share
2017-07-25 Annual General Meeting/Dividend - Rs 2.50 Per Share
2016-07-15 Annual General Meeting/Dividend Rs 1.20 Per Share
2015-07-15Annual General Meeting
2014-07-16Annual General Meeting / Dividend - Rs.0.60/- Per Equity Share
2014-06-13E-Voting
2013-07-18Annual General Meeting / Dividend - Rs.1.50/- Per Equity Share
2012-07-16Annual General Meeting/Dividend Rs 2.50 Per Share
2011-07-11Annual General Meeting And Dividend Rs.2/- Per Share
2010-07-13Annual General Meeting And Dividend Rs.4/- Per Share
2009-07-13Agm/Div-Rs.2.50 Per Share
2008-07-11Agm/Dividend - 6%
2007-07-11Agm/Dividend-9%
2006-07-13Agm/Dividend-18%
DateTypeWhat it says
2026-09-22UpdatesChange in promoter group
2026-07-24Board meeting outcomePonni Sugars (Erode) Limited has submitted to the Exchange, the Unaudited Financial Results for the quarter ended Jun 30, 2026.
2026-07-01UpdatesIntimation to holders of physical securities.
2026-06-24Shareholder meetingVoting results.
2026-06-24Shareholder meetingProceedings of Annual General Meeting held on Jun 24, 2026
2026-05-27UpdatesLetter to Shareholders who have not registered their email IDs, advising them the web-link and path to access the Annual Report for FY 2025-26
2026-05-27Shareholder meetingNotice of Annual General Meeting to be held on Jun 24, 2026 and Annual Report for FY 2025-26
2026-05-26LitigationReceipt of Interim Order from Hon ble High Court of Madras
2026-05-11Record DateRecord date for the purpose of Dividend is 05-Jun-2026.
2026-05-11DividendBoard of Directors at its meeting held on May 11, 2026, recommended Final Dividend of Rs. 5 per equity share.
2026-05-11Board meeting outcomePonni Sugars (Erode) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-30Disclosure under SEBI TakeovPonni Sugars (Erode) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-04-29LitigationReceipt of Demand Cum Show Cause Notice from Additional Commissioner of GST and Central Excise
2026-04-21Disclosure under SEBI TakeovHigh Energy Batteries ( India) Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of I...
2026-03-28LitigationReceipt of order on Transfer Pricing from Income Tax Department
2026-03-28Shareholder meetingVoting results.
2026-02-25Shareholder meetingPonni Sugars (Erode) Limited has submitted to the Exchange Notice of Postal Ballot
2026-02-20Board meeting outcomeOutcome of Board Meeting held on February 20, 2026 regarding Re-appointment of Mr Ramanathan Narayanan as the Managing Director of the Company.
2026-02-20AppointmentRe-Appointment of Mr Ramanathan Narayanan as Managing Director of the company w.e.f. April 01, 2026.
2026-01-30Board meeting outcomePonni Sugars (Erode) Limited has submitted to the Exchange, the Unaudited Financial Results for the quarter and nine months ended December 31, 2025.
2026-01-29Regulatory actionReceipt of Order on Transfer Pricing from Income Tax Department
2025-12-05Shareholder meetingPonni Sugars (Erode) Limited has submitted a copy of voting results of postal ballot along with a copy of Scrutinizers report of Postal Ballot
2025-11-04Shareholder meetingNotice of Postal Ballot
2025-10-24Board meeting outcomePonni Sugars (Erode) Limited has submitted to the Exchange, the Unaudited Financial Results for the quarter and six months ended September 30, 2025.
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 Ponni Sugars (Erode) Ltd?

Ponni Sugars (Erode) Ltd (PONNIERODE) has a market capitalisation of Rs 330 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ponni Sugars (Erode) Ltd?

Ponni Sugars (Erode) Ltd trades at a P/E of 11.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ponni Sugars (Erode) Ltd's latest quarterly results?

In the Jun 2026 quarter, Ponni Sugars (Erode) Ltd sales was Rs 92 Cr (+52.2% vs Jun 2025) with a net loss of Rs 1 Cr.

What is the 52-week high and low of Ponni Sugars (Erode) Ltd?

The 52-week high is Rs 455.00 and the 52-week low is Rs 252.40.

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