Mawana Sugars
- Market cap
- ₹ 628 Cr.
- P/E
- 17.2x
- P/B
- 1.26x
- 52-week range
- 75.08 – 189.5
- ROE
- 8%
- ROCE
- 8%
- Dividend yield
- 2.4%
- Debt / equity
- 0.8
- Sector
- Agricultural Food & other Products
- Industry
- Sugar
- Listed on
- NSE, BSE
About
Mawana Sugars Limited is an India-based company, which is engaged in manufacturing of sugar (sugar and power) and industrial alcohol (ethanol). The Company’s segments include Sugar, Power and Distillery. It produces plantation white sugar, refined sugar, specialty sugars and IP grade sugar for the pharmaceutical segment. It is also engaged in manufacturing of anhydrous and hydrous ethanol from molasses by a plant having a production capacity of 120000 liters per day, at Nanglamal (Meerut). The plant is capable of producing rectified spirit, denatured spirit and fuel ethanol. Its bio-composting facility produces about 3000 metric tons of organic manure per month. The Company has cogeneration facilities at its sugar units at Mawana and Nanglamal. The plant generates green power using bagasse produced as a residue from cane sugar processing. Its subsidiaries include Siel Industrial Estate Limited and Siel Infrastructure & Estate Developers Pvt. Ltd.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Sugar: 40 companies →Mawana Sugars against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)17.2 against a typical 16.6: pricier than most peers (1st = cheapest).22nd of 40
- Sales growth+3.7% against a typical +5.7% from a year earlier.20th of 36
- Share price, 3 months+37.2% against a typical +3.3%.7th of 38
- Size₹ 627.9 Cr. market value against a typical ₹ 365.2 Cr. (1st = largest).15th of 36
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | Withdrawn | — | 18 May 2026 |
| ICRA | [ICRA]BBB+ /[ICRA]A2 | Stable | 8 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 18 May 2026 | Withdrawn | — | — | CARE | — | |
| 8 Apr 2026 | Reaffirmed | [ICRA]BBB+ /[ICRA]A2 | — | ICRA | ₹ 500 Cr. | |
| 6 Apr 2026 | Reaffirmed | [ICRA]BBB+ /[ICRA]A2 | — | ICRA | ₹ 500 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 8 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 5 Jun 2026 | Dividend/Other business matters | To consider dividend and other business matters |
| 23 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 14 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 8 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the Quarter and Half year ended September 30, 2025 and other business matters |
| 2 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and and approval of Scheme of Amalgamation of Mawana Foods Pvt. Ltd. (the wholly owned subsidiary) with Mawana Sugars Limited (the holding Company). |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 381 | 326 | 322 | 387 | 382 | 334 | 343 | 401 | 429 | 367 | 374 | 416 |
| Expenses | 409 | 285 | 241 | 372 | 393 | 305 | 254 | 401 | 439 | 339 | 287 | 432 |
| Operating Profit | −29 | 41 | 81 | 15 | −10 | 29 | 89 | −1 | −10 | 28 | 88 | −17 |
| OPM % | −8% | 13% | 25% | 3.8% | −2.7% | 9% | 26% | −0.1% | −2.4% | 8% | 23% | −4% |
| Other Income | 26 | 0 | 1 | 1 | 0 | 64 | 5 | 1 | 0 | −14 | 11 | 1 |
| Interest | 7 | 3 | 10 | 13 | 8 | 1 | 7 | 11 | 4 | 1 | 6 | 8 |
| Depreciation | 8 | 9 | 10 | 8 | 8 | 9 | 9 | 7 | 7 | 8 | 8 | 7 |
| Profit before tax | −18 | 29 | 63 | −6 | −27 | 83 | 78 | −18 | −22 | 5 | 84 | −31 |
| Tax % | −38% | 39% | 25% | −21% | −24% | 13% | 21% | −25% | −25% | 28% | 25% | −25% |
| Net Profit | −11 | 18 | 47 | −5 | −20 | 73 | 62 | −14 | −16 | 4 | 63 | −23 |
| EPS in Rs | −2.92 | 4.5 | 12.04 | −1.17 | −5.16 | 18.54 | 15.77 | −3.46 | −4.12 | 1 | 16.06 | −5.9 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 1%
- 5 Years
- 1%
- 3 Years
- 2%
- TTM
- 9%
- 10 Years
- 47%
- 5 Years
- 59%
- 3 Years
- 44%
- TTM
- −28%
- 10 Years
- 12%
- 5 Years
- 12%
- 3 Years
- 13%
- TTM
- —
- 10 Years
- —
- 5 Years
- 7%
- 3 Years
- 7%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Mawana Sugars | ₹ 176.00 | ₹ 628 Cr. | 17.2x | 1.3x | 8% | — |
| Nestle India | ₹ 1,173.45 | ₹ 2,26,278 Cr. | 80.4x | 53.4x | 76.3% | 15.1% |
| Britannia Industries | ₹ 4,547.80 | ₹ 1,09,542 Cr. | 51.5x | 25.5x | 53.6% | 13.3% |
| Tata Consumer Products | ₹ 960.00 | ₹ 95,010 Cr. | 67.4x | 4.9x | 7.4% | 8.1% |
| Godrej Industries | ₹ 918.00 | ₹ 30,884 Cr. | 34.9x | 4x | 11.6% | 10.9% |
| Patanjali Foods | ₹ 351.00 | ₹ 38,193 Cr. | 18.9x | 2.8x | 14.8% | 4.5% |
Management
- Vikash ..
- Chief Financial Officer
- Ashok Kumar Shukla
- Compliance Officer, Company Secretary
- Rakesh Kumar Gangwar
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.