MAWANASUGFast Moving Consumer Goods

Mawana Sugars Limited

Sugar · ISIN INE636A01039 · BSE 523371 · NSE EQ · FV ₹10
Last price
₹126
+0.30%today
What this company does

Mawana Sugars Limited operates in Sugar, part of the Fast Moving Consumer Goods sector. It booked ₹416 cr of revenue in its latest quarter (Q1 FY27) and kept -5.6% of sales as profit.

In the report:
47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 89–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
40

At close. Not part of the score.

Profitability & returns3

How much profit it earns on the money it employs

Balance sheet19

How much it owes, and whether earnings cover the interest

Cash quality69

Whether reported profit actually arrives as cash

Growth & consistency67

Whether sales and profit have grown, and how steadily

Valuation81

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 63%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -5.6% net margin
! Low -17.6% return on equity

What if I invest in MAWANASUG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹126 +0.30%
latest close · 2026-09-17
1-year return
+53.2%
52-wk low ₹6952-wk high ₹180
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.94Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-17.6%Loss
WeakFairStrong ▸15%
Return on capital-17.1%Loss
WeakFairStrong
Net margin-5.6%Loss
ThinDecentStrong
EBITDA margin-3.8%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.80Moderate
LowModerateHigh ▸1
Interest cover-2.9×Risky
RiskyOkayStrong ▸5×
Current ratio1.56Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹491 cr
Book value
₹134
EPS
₹-5.90
latest quarter
Net debt
₹393 cr
owes more than its cash
Enterprise value
₹884 cr
EBITDA
₹-64 cr
annualised
EBIT
₹-92 cr
annualised
Operating margin
-5.5%
Return on assets
-8.2%
Earnings yield
P/S
0.30
Sales / share
₹425.0
Tax rate
Face value
₹10
Shares
3.9 cr
Working capital
₹329 cr
Current assets
₹913 cr
Current liabilities
₹584 cr
Delivery %
43.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The models value it far above the market price — almost always a data quirk or a value trap, so we won't call it a bargain.
Models span ₹118₹156, midpoint ₹137

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹416 cr
Other Income₹68 L
Total Income₹416 cr
Cost of Materials₹30 cr
Purchases of Stock-in-Trade₹7 cr
Inventory Change (±)₹348 cr
Employee Benefit Expense₹23 cr
Finance Costs₹8 cr
Depreciation & Amortisation₹7 cr
Other Expenses₹25 cr
Total Expenses₹447 cr
Profit before Tax₹-31 cr
Tax Expense₹-8 cr
Net Profit₹-23 cr
Net margin on total income-5.5%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹384 cr86.0%
Employee benefit expense₹23 cr5.1%
Finance costs₹8 cr1.8%
Depreciation & amortisation₹7 cr1.6%
Other expenses₹25 cr5.6%
Total income ₹416 cr

The company made a net loss of ₹23 cr this quarter — income covered only 93 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue367 cr374 cr416 cr
Total income368 cr376 cr416 cr
Expenses348 cr301 cr447 cr
Profit before tax5 cr84 cr-31 cr
Tax2 cr21 cr-8 cr
Net profit (owners' share)4 cr63 cr-23 cr
Net margin (owners' share, on revenue)1.1%16.8%-5.6%
EPS (₹)1.0116.06-5.90
YoY (latest quarter): total income +3.8% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,123 cr
Shareholder equity
₹525 cr
parent shareholders
Total debt
₹420 cr
Cash
₹27 cr
Cash flow · H1 FY26
Operating
₹440 cr
Investing
₹-18 cr
Financing
₹-430 cr
Peer comparison
Sugar · by market value
CompanyPriceMarket capP/E
Bajaj Hindusthan Sugar Limited₹19₹15,563 cr
Balrampur Chini Mills Limited₹676₹14,275 cr78.2
Triveni Engineering & Industries Limited₹232₹5,123 cr341.8
Shree Renuka Sugars Limited₹23₹4,854 cr
Bannari Amman Sugars Limited₹3,303₹4,142 cr
Dalmia Bharat Sugar and Industries Limited₹391₹3,161 cr114.9
Dhampur Bio Organics Limited₹116₹2,039 cr
Avadh Sugar & Energy Limited₹721₹1,443 cr1,502.1
Dhampur Sugar Mills Limited₹152₹976 cr40.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.19%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹4
ex 25 Jun 2026
ActionDetailEx-date
Dividend₹4 / share25 Jun 2026
Dividend₹1 / share20 Jun 2025
Dividend₹3 / share22 Nov 2024
Dividend₹4 / share28 Jun 2024
Dividend₹3 / share7 Jul 2023
Dividend₹3 / share21 Sep 2022
Who owns it · 2026-06-30
No pledge
Promoter
63.5%
FII / Foreign
0.4%
DII / Domestic
0.1%
Retail / others
36.0%
Smart-money activity
Insider trades
BoughtMr. Krishna Shriram · Director2.46 cr2 Feb 22
BoughtManju Vira Gupta · Director026 Dec 18
SoldSiddharth Shriram · Promoters1.00 L · ₹99.1 L24 Nov 17
Bulk / block deals
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE2.00 L @ ₹133.6730 Aug 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE2.00 L @ ₹133.7730 Aug 24
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE2.12 L @ ₹127.829 Aug 24
Stake changes
BoughtKrishna Shriram along with PAC · promoter→ 63.49% · 2.46 cr2 Feb 22
BoughtKrishna Shriram along with PAC · promoter→ 63.49% · 2.46 cr2 Feb 22
BoughtRenu · promoter→ 5.05% · 20,00011 May 21
Promoter pledges
ReleasedState Bank of India10.00 L · 2.56% held28 Jan 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Court Convened Meeting · 21 Feb 2026
See the official result
1
To consider and if thought fit to approve with or without modification(s) the Scheme of Amalgamation between Mawana Foods Private Limited and Mawana Sugars Limited and their respective shareholders and creditors (Scheme) under the provisions of Sections 230 to 232 of the Companies Act 2013 read with the Companies (Compromises Arrangements and Amalgamations) Rule 2016
Backed by 100% of shareholders other than promotersneeded 75%
4.09 L votes for, 21 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 3 named members
owning 63.5% between them · as of 2026-06-30
Mr.Krishna Shriram62.93%
Mr.Krishna Shriram (Trustee of Enterprise Trust)0.55%
Mrs. Roula Shriramno shares
Business done with them
FY2026 · 1 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.2% of its ₹1,571 cr revenue.
KRISHNA SHRIRAM
Other payments to them · Dividend Paid and Sitting Fees
also owns 62.93% of the company
₹2 cr
company paid

The company also transacted with 10 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.