MarketFriction

Rana Sugars Ltd

NSE RANASUG · BSE 507490 · Sugar
₹13.08 -1.21%
NSE close2026-10-01
52 week range10.21 - 16.45
Market cap₹211 Cr.
ASM long-term Price band 20% Delivery 70.1%

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
Sales340337415462386390475531345429438464
Expenses345319379443393371435524355406418475
Operating Profit-5183620-820407-92320-11
OPM %-1.4%5%9%4.2%-2.0%5%8%1.3%-2.7%5%4.6%-2.3%
Other Income636329208410413
Interest65911769105786
Depreciation881199-1109910910
Profit before tax-137223-232440-4-201743-24
Tax %12%26%0%35%-34%40%0%-36%-28%23%36%-13%
Net Profit-156222-151440-3-141328-21
EPS in Rs-0.950.361.410.12-0.960.922.59-0.16-0.920.831.81-1.34
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8561,0919771,0921,3131,2221,4001,6271,5931,7451,7431,677
Expenses7171,0129401,0491,2291,0951,2221,5111,5061,6701,7001,654
Operating Profit1397937428412617811687754323
OPM %16%7%3.7%3.9%6%10%13%7%5%4.3%2.5%1.4%
Other Income1271523177-132114406158
Interest959099942218292328343026
Depreciation282831333427283135373838
Profit before tax17-38-87-692591581098237443617
Tax %-0%19%-1%8%-3%-0%22%23%24%22%35%
Net Profit17-45-86-7526615885632834246
EPS in Rs1.09-2.94-5.63-4.8817.3010.275.554.131.822.241.550.38
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%7%2%-6%
Compounded Profit Growth%%%-142%
Stock Price CAGR3%-11%-21%-4%
Return on Equity%8%2%-4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital154154154154154154154154154154154154
Reserves-125-54-169-24323181267331359394418
Borrowings824864841865874303207222412443435349
Other Liabilities344417258537562583594648566548539397
Total Liabilities1,3101,4401,1991,3871,3461,0641,1361,2901,4621,5031,5221,318
Fixed Assets439447455450431378421452521579568560
CWIP342928213038285714666
Investments000000000000
Other Assets836964717916886648688781926918948752
Total Assets1,3101,4401,1991,3871,3461,0641,1361,2901,4621,5031,5221,318
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity929311316010532914692-84445592
Cash from Investing Activity-15-27-36-63-28-36-62-123-98-51814
Cash from Financing Activity-96-52-87-103-85-246-76-31708-40-115
Net Cash Flow-1914-10-7-8478-34-12122-8
Free Cash Flow7666781406627484-13-142-404587
CFO/OP386%67%143%438%249%392%116%52%-64%55%78%220%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days303224524640412829323032
Inventory Days387401168231207104151196180176159107
Days Payable1291635919620215720120113213011377
Cash Conversion Cycle2882701338851-12-92377787661
Working Capital Days-51-36-59-113-131-37-148115816
ROCE %1%11%5%1%3%9%20%26%13%7%7%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters22.64%22.64%22.64%22.64%22.64%22.64%22.64%22.64%22.64%22.64%22.64%22.64%
FIIs1.73%0.00%0.03%0.01%0.00%0.00%0.09%0.04%0.00%0.04%0.11%0.00%
Government1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%
Public73.97%75.70%75.66%75.69%75.69%75.69%75.61%75.66%75.70%75.65%75.58%75.70%
No. of Shareholders1,15,4681,17,6821,21,8631,23,1471,24,7171,24,6841,25,1091,24,1331,22,2301,19,7631,17,5831,16,497

Fundamentals

Market Cap₹ 211 Cr.
Current Price₹ 13.7
Book Value₹ 37.2
ROCE3.29 %
ROE-4.09 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-6%
Compounded Profit Growth (TTM)-142%
Standalone figures.
Valuation
Market capRs 201 Cr
Enterprise valueRs 504 Cr
P/E (TTM)35.30x
Price to book0.35x
Price to sales0.12x
EV / EBITDA6.22x
EV / EBIT11.83x
EV / sales0.30x
Price to cash flow2.18x
Earnings yield2.83%
P/E, 3-year average7.90x
P/B, 3-year average0.41x
P/E, 5-year average6.84x
P/B, 5-year average0.60x
Profitability
Operating margin (excl. other income)2.48%
Operating margin (incl. other income)5.96%
EBITDA margin4.83%
Pre-tax margin0.99%
Net profit margin0.34%
Net margin, latest quarter-4.45%
ROE4.26%
ROCE6.93%
ROA1.68%
ROE, 3-year average5.45%
ROCE, 3-year average7.34%
ROA, 3-year average1.95%
ROE, 5-year average10.58%
ROCE, 5-year average11.80%
ROA, 5-year average3.49%
ROIC (approx.)3.19%
Tax rate34.55%
Other income / net worth10.61%
Growth
Sales growth (latest year)-0.10%
Profit growth (latest year)-30.74%
Sales CAGR, 3 years2.32%
Sales CAGR, 5 years7.37%
Profit CAGR, 3 years-27.85%
Profit CAGR, 5 years-31.48%
Sales growth QoQ6.08%
Profit growth QoQ-174.41%
Sales growth YoY (latest quarter)-12.52%
Per share
EPS (TTM)Rs 0.37
EPS (latest year)Rs 1.55
EPS (latest quarter)Rs -1.34
EPS, 3-year averageRs 1.87
EPS, 5-year averageRs 3.06
Book value per shareRs 37.22
Sales per shareRs 109.20
Cash flow per shareRs 6.00
Free cash flow per shareRs 5.67
Efficiency
Asset turnover1.32x
Fixed asset turnover3.11x
Inventory turnover3.99x
Inventory days91 days
Debtor days32 days
Debtors turnover11.52x
Creditor days77 days
Cash conversion cycle61 days
Working capital days16 days
Leverage
Total debtRs 349 Cr
Cash and bankRs 46 Cr
Net debtRs 303 Cr
Debt to equity0.61x
Net debt / EBITDA3.74x
Interest coverage1.64x
Owners' fund to total sources43.37%
Debt to assets26.50%
Cash flow
Cash from Operating Activity (latest year)Rs 92 Cr
Cash from Investing Activity (latest year)Rs 14 Cr
Cash from Financing Activity (latest year)Rs -115 Cr
Net Cash Flow (latest year)Rs -8 Cr
Free cash flow (latest year)Rs 87 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years0.85x
Sales to cash flow18.91x
Statement figures
Net sales (TTM)Rs 1,677 Cr
Net sales (latest year)Rs 1,743 Cr
Sales (latest quarter)Rs 464 Cr
Operating profit excl. other income (latest year)Rs 43 Cr
Operating profit (latest quarter)Rs -11 Cr
Other income (TTM)Rs 58 Cr
EBITDA (TTM)Rs 81 Cr
PBDT (TTM)Rs 55 Cr
Profit before tax (TTM)Rs 17 Cr
Tax (latest year)Rs 13 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 24 Cr
Net profit (latest quarter)Rs -21 Cr
Depreciation (TTM)Rs 38 Cr
Depreciation (latest quarter)Rs 10 Cr
Interest (TTM)Rs 26 Cr
Cost of goods sold (latest year)Rs 1,556 Cr
Total expenditure (latest year)Rs 1,700 Cr
Total income (latest year)Rs 1,804 Cr
Share capitalRs 154 Cr
ReservesRs 418 Cr
Shareholders' fundsRs 572 Cr
Total assetsRs 1,318 Cr
Net blockRs 560 Cr
Capital work in progressRs 6 Cr
ReceivablesRs 151 Cr
InventoryRs 390 Cr
Other liabilitiesRs 397 Cr
Shares outstanding (crore)15.36
Ownership
Promoter holding22.64% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 35.3 is at the 96th percentile of its own 6.4-year range (median 4.8, low 0.2, high 42.2).
P/B 0.35 is at the 6th percentile (median 0.75).
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.
PeriodRANASUGNifty 50Difference
1 week-5.6%-2.8% -2.8 pts
1 month-12.4%-6.8% -5.7 pts
3 months+4.9%-7.6% +12.5 pts
6 months+10.8%+0.4% +10.4 pts
1 year-9.9%-9.9% +0.0 pts
2 years-40.3%-13.6% -26.7 pts
3 years-52.5%+14.2% -66.7 pts
5 years-46.9%+27.9% -74.8 pts

Red flags

F-score 6 of 8
lookProfit leans on other income Other income was 167% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: ASM long-term
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 ₹464 Cr -12.6% vs Jun 2025. Net loss ₹21 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-09-22Annual General Meeting
2022-09-22Annual General Meeting
2021-09-23 Annual General Meeting
2020-09-23 Annual General Meeting
2019-09-25 Annual General Meeting
2018-09-21 Annual General Meeting
2017-09-21 Annual General Meeting
2016-09-22 Annual General Meeting
2015-09-23 Annual General Meeting
2014-09-24Annual General Meeting
2013-09-25Annual General Meeting
2012-09-25Annual General Meeting
2011-09-22Annual General Meeting
2010-06-24Annual General Meeting
2009-12-23Annual Book Closure
2008-12-23Annual General Meeting
2007-12-20Annual General Meeting
2006-10-26Agm
DateTypeWhat it says
2026-10-01CessationCessation of Mrs Kirandeep Kaur as Other of the company w.e.f. October 01, 2026.
2026-10-01ResignationResignation of Director/KMP/SMP
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-19Change in ManagementChange in Management
2026-09-19ResignationResignation of Director/KMP/SMP
2026-09-04General UpdatesGeneral Updates - Quarterly Results in Machine Readable Language
2026-09-04General UpdatesGeneral Updates
2026-09-04Record DateRecord date for the purpose of 34th AGM shall be 23rd Sept., 2026 and the books to remain close from 24th Sept., 26 to 30th Sept. & 26
2026-09-03General UpdatesGeneral Updates - Book Closure
2026-09-03Record DateRecord date for the purpose of The Book Closure is from 24th Sept. 26 to 30th Sept., 26 and the cut off date is 23rd Sept. & 26 is 23-Sep-2026.
2026-09-03Shareholder meetingShareholders meeting
2026-08-14Board meeting outcomeRana Sugars Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-20Reply to Clarification- FinaThe Exchange had sought clarification from Rana Sugars Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Ob...
2026-06-27Clarification - Financial ReThe Exchange has sought clarification from Rana Sugars Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Ob...
2026-06-25ResignationResignation of Mr Dr. Raju Foujdar as Other of the company w.e.f. Jun 25, 2026.
2026-06-25ResignationResignation of Director/KMP/SMP
2026-06-23Change in ManagementChange in Management
2026-06-17General UpdatesGeneral Updates
2026-06-02Disclosure under SEBI TakeovRANA VEER PRATAP SINGH has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-05-29Board meeting outcomeRana Sugars Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-01Regulatory actionAction(s) initiated or orders passed
2026-04-24General UpdatesGeneral Updates
2026-04-09AppointmentAppointment of Sukhwant Singh as Senior Management Personnel of the company w.e.f. April 10, 2026.
2026-02-26AppointmentAppointment of Mr Gaurav Garg as Executive Director of the company w.e.f. February 26, 2026.
2026-02-13Board meeting outcomeRana Sugars Limited has submitted to the Exchange, the financial results for the period ended December 31, 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.
Long Term Additional Surveillance Measure (Long Term ASM): stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03