Ponnie Sugars (Erode) Ltd
NSE: PONNIERODE · Sugar · sector
₹327.70NSE close 2026-10-26
Key numbers
Market cap₹282 cr
Price₹327.70
52w high / low₹455 / ₹252
P/E5.7xSector median 12.9x
P/B0.5xSector median 0.9x
Book value₹660.6
Dividend yield0.91%Sector median 0.91%
ROE9.0%Sector median 6.3%
ROCE16.3%Sector median 6.8%
OPM20.0%Sector median 6.0%
Debt / equity0.00xSector median 0.72x
EV/EBITDA2.6xSector median 11.8x
Interest cover168.0x
Current ratio5.66x
Sales growth 3y-1.6%Sector median -1.4%
Profit growth 3y+7.8%Sector median -11.6%
PEG0.73x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 35 companies in Sugar (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹48 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 168.0x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 3.50 percentage points in a year, to 50.84% (2026-09-30).
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 29% of net profit in the last 12 months.
- Debtor days went from 29 (FY24) to 19 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹327.70 on 2026-10-26: -28.0% from the 52-week high, +29.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹499.25 · low ₹261.35
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 95 | 116 | 94 | 60 | 114 | 151 | 90 | 92 |
| EBITDA | 13 | 4 | 12 | -4 | 19 | 9 | 63 | -2 |
| OPM % | 13.4% | 3.6% | 12.5% | -6.4% | 16.5% | 6.2% | 70.5% | -1.9% |
| Other income | 4 | 1 | 2 | 3 | 1 | 4 | 6 | 3 |
| Net profit | 12 | 2 | 5 | -3 | 15 | 9 | 27 | -1 |
| EPS (₹) | 13.41 | 2.80 | 5.27 | -3.12 | 16.93 | 11.01 | 31.02 | -1.43 |
| Revenue YoY | +20.3% | +30.8% | -5.2% | +52.2% | ||||
| Profit YoY | +26.3% | +292.9% | +489.0% | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 288 | 435 | 421 | 359 | 415 | 446 |
| EBITDA | 36 | 40 | 43 | 26 | 87 | 89 |
| Net profit | 29 | 38 | 47 | 19 | 48 | 49 |
| EPS (₹) | 34.01 | 44.58 | 54.49 | 22.42 | 55.85 | 57.53 |
| Revenue growth | +51.0% | -3.2% | -14.7% | +15.4% | +22.3% | |
| Profit growth | +31.1% | +22.2% | -58.9% | +149.1% | +213.4% | |
| Dividend / share (₹) | 4.00 | 5.50 | 6.50 | 7.00 | 3.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.6% | +10.1% | +22.3% |
| Net profit | +7.8% | +13.4% | +213.4% |
| EPS | +7.8% | +13.4% | – |
| Share price | – | -11.1% (2y) | +24.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 453 | 552 | 532 | 568 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 32 | 41 | 26 | 48 |
| Total assets | – | 515 | 605 | 580 | 652 |
| Fixed assets | – | 118 | 123 | 130 | 143 |
| Capital work in progress | – | 1 | 2 | 11 | 2 |
| Investments | – | 225 | 290 | 255 | 244 |
| Receivables | – | 23 | 34 | 31 | 22 |
| Inventory | – | 83 | 93 | 115 | 129 |
| Payables | – | 37 | 26 | 16 | 22 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 11 | 11 | 16 | 10 | 31 |
| Cash from investing | -13 | 1 | -12 | -5 | -31 |
| Cash from financing | -4 | -5 | -6 | -6 | -3 |
| Capex | 18 | 11 | 15 | 27 | 15 |
| Free cash flow | -7 | 0 | 1 | -17 | 15 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.5% | 8.5% | 3.6% | 8.5% |
| ROCE % | – | 10.6% | 9.4% | 5.3% | 16.0% |
| Debtor days | – | 19 | 29 | 31 | 19 |
| Inventory days | – | 104 | 119 | 182 | 174 |
| Payable days | – | 47 | 34 | 25 | 29 |
| Cash conversion cycle (days) | – | 76 | 114 | 188 | 164 |
| Working capital days | – | 81 | 119 | 152 | 152 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 50.84% |
| FIIs | 5.91% |
| DIIs | 0.05% |
| of which Mutual funds | 0.05% |
| Public (non-institutions) | 43.20% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 47.26% | 47.34% | 47.34% | 47.34% | 47.34% | 47.34% | 47.34% | 50.84% |
| Promoter group | % |
|---|---|
| Seshasayee Paper and Boards Limited | 35.72% |
| Time Square Investments Private Limited | 9.00% |
| Bharti Chhotubhai Pithawalla | 5.82% |
| Dhanashree Investments Private Limited | 0.11% |
| W P S PTE Ltd | 0.08% |
| Esvi International (Engineers and Exporters Limited) | 0.06% |
| N Gopalaratnam | 0.03% |
| Ultra Investments and Leasing Company Private Limited | 0.02% |
| High Energy Batteries (India) Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Atyant Capital India Fund I | 5.82% |
| Investor Education and Protection Fund, Ministry of Corporate Affairs | 2.07% |
| Anil Kumar Goel | 1.30% |
| Hemanth Dhandapani | 1.06% |
15,893 shareholders. Pledged: 0.00% of promoter shares.
Peers in Sugar
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BALRAMCHIN | ₹13,212 cr | 34.1x | 3.2x | 9.3% | 8.1% | 11.3% | +10.4% | 0.53% |
| TRIVENI | ₹4,979 cr | 17.7x | 1.5x | 8.7% | 8.3% | 7.0% | +6.5% | 1.75% |
| BANARISUG | ₹4,029 cr | 33.1x | 2.1x | 6.6% | 7.3% | 9.3% | -8.8% | 0.39% |
| RENUKA | ₹3,858 cr | – | – | – | -2.7% | 0.3% | +0.5% | – |
| DALMIASUG | ₹3,357 cr | 16.5x | 1.0x | 6.3% | 7.0% | 10.8% | +3.6% | 1.45% |
| BAJAJHIND | ₹2,606 cr | 12.9x | 0.7x | 2.9% | 0.8% | 4.8% | -4.9% | – |
| AVADHSUGAR | ₹1,627 cr | 24.7x | 1.4x | 5.9% | 6.8% | 8.2% | -1.3% | 1.23% |
| UTTAMSUGAR | ₹1,179 cr | 13.6x | 1.3x | 10.4% | 10.2% | 9.3% | +2.3% | 0.87% |
| DHAMPURSUG | ₹1,095 cr | 15.6x | 0.9x | 6.0% | 6.8% | 6.4% | -0.8% | 0.02% |
| PONNIERODE | ₹282 cr | 5.7x | 0.5x | 9.0% | 16.3% | 20.0% | -1.6% | 0.91% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Sugar | ₹365 cr | 72.2% | ₹14 cr | 3.7% |
| Cogeneration | ₹140 cr | 27.8% | ₹76 cr | 53.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-05 | Dividend | Dividend - Rs 5 Per Share |
| 2025-05-30 | Dividend | Dividend - Rs 3 Per Share |
| 2024-05-22 | Dividend | Annual General Meeting/Dividend - Rs 7 Per Share |
| 2023-06-08 | Dividend | Annual General Meeting/Dividend - Rs 6.50 Per Share |
| 2022-07-06 | Dividend | Annual General Meeting/Dividend - Rs 5.50 Per Share |
| 2021-07-06 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share/Special Dividend - Re 1 Per Share |
| 2020-08-11 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Sh |
| 2019-07-15 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2018-07-17 | Dividend | Annual General Meeting/Dividend- Re 1 Per Share |
| 2017-07-25 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2016-07-15 | Dividend | Annual General Meeting/Dividend Rs 1.20 Per Share |
| 2015-07-15 | Other | Annual General Meeting |
| 2014-07-16 | Dividend | Annual General Meeting / Dividend - Rs.0.60/- Per Equity Share |
| 2014-06-13 | Other | E-Voting |
| 2013-07-18 | Dividend | Annual General Meeting / Dividend - Rs.1.50/- Per Equity Share |
| 2012-07-16 | Dividend | Annual General Meeting/Dividend Rs 2.50 Per Share |
| 2011-07-11 | Dividend | Annual General Meeting And Dividend Rs.2/- Per Share |
| 2010-07-13 | Dividend | Annual General Meeting And Dividend Rs.4/- Per Share |
| 2009-07-13 | Other | Agm/Div-Rs.2.50 Per Share |
| 2008-07-11 | Dividend | Agm/Dividend - 6% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Fast Moving Consumer Goods |
| Industry | Sugar |
| Sub-industry | Sugar |
| Symbol | PONNIERODE |
| BSE code | 532460 |
| ISIN | INE838E01017 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.