Rana Sugars Ltd.
NSE: RANASUG · Sugar · sector
₹11.48NSE close 2026-10-26
Key numbers
Market cap₹176 cr
Price₹11.48
52w high / low₹16 / ₹10
P/E31.0xSector median 12.9x
P/B0.3xSector median 0.9x
Book value₹39.1
Dividend yield–Sector median 0.91%
ROE1.0%Sector median 6.3%
ROCE4.6%Sector median 6.8%
OPM3.3%Sector median 6.0%
Debt / equity0.54xSector median 0.72x
EV/EBITDA8.2xSector median 11.8x
Interest cover1.6x
Current ratio1.21x
Sales growth 3y+2.3%Sector median -1.4%
Profit growth 3y-27.9%Sector median -11.6%
PEG–
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 ₹46 cr vs borrowings ₹321 cr (FY26): borrowings are higher by ₹275 cr.
- Operating profit covered interest 1.6x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY23).
- Net loss in 4 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 453% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹11.48 on 2026-10-26: -30.2% from the 52-week high, +12.4% 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 ₹22.65 · low ₹10.80
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 386 | 390 | 475 | 531 | 345 | 429 | 438 | 464 |
| EBITDA | -8 | 20 | 40 | 7 | -9 | 27 | 49 | -11 |
| OPM % | -2.0% | 5.1% | 8.3% | 1.3% | -2.7% | 6.3% | 11.1% | -2.3% |
| Other income | 2 | 9 | 20 | 8 | 4 | 7 | 12 | 3 |
| Net profit | -15 | 14 | 40 | -3 | -14 | 13 | 28 | -21 |
| EPS (₹) | -0.96 | 0.92 | 2.59 | -0.16 | -0.92 | 0.83 | 1.81 | -1.35 |
| Revenue YoY | -10.4% | +10.0% | -7.8% | -12.5% | ||||
| Profit YoY | – | -10.4% | -30.3% | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,400 | 1,627 | 1,593 | 1,713 | 1,743 | 1,677 |
| EBITDA | 162 | 113 | 83 | 71 | 73 | 55 |
| Net profit | 85 | 63 | 28 | 34 | 24 | 6 |
| EPS (₹) | 6.60 | 8.26 | 1.82 | 2.24 | 1.55 | 0.37 |
| Revenue growth | +16.2% | -2.1% | +7.5% | +1.8% | -5.9% | |
| Profit growth | -25.6% | -55.9% | +22.9% | -30.7% | -84.5% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +2.3% | +7.4% | -5.9% |
| Net profit | -27.8% | -31.5% | -84.5% |
| EPS | -42.7% | -22.7% | – |
| Share price | – | -22.1% (2y) | -14.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 512 | 540 | 575 | 600 |
| Borrowings | – | 374 | 403 | 389 | 321 |
| Cash & equivalents | – | 30 | 32 | 54 | 46 |
| Total assets | – | 1,462 | 1,503 | 1,522 | 1,318 |
| Fixed assets | – | 520 | 578 | 568 | 560 |
| Capital work in progress | – | 14 | 6 | 6 | 6 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 128 | 139 | 214 | 151 |
| Inventory | – | 585 | 592 | 571 | 390 |
| Payables | – | 429 | 437 | 406 | 282 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 92 | -84 | 44 | 55 | 92 |
| Cash from investing | -123 | -98 | -51 | 8 | 14 |
| Cash from financing | -3 | 170 | 8 | -40 | -115 |
| Capex | 106 | 63 | 85 | 18 | 11 |
| Free cash flow | -14 | -147 | -41 | 37 | 81 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 12.4% | 5.2% | 6.0% | 4.0% |
| ROCE % | – | 11.9% | 6.9% | 8.1% | 7.2% |
| Debtor days | – | 29 | 32 | 46 | 32 |
| Inventory days | – | 169 | 168 | 156 | 104 |
| Payable days | – | 124 | 124 | 111 | 76 |
| Cash conversion cycle (days) | – | 74 | 76 | 91 | 60 |
| Working capital days | – | 19 | 12 | 20 | 26 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 22.64% |
| DIIs | 0.00% |
| of which Mutual funds | 0.00% |
| Government | 1.66% |
| Public (non-institutions) | 75.70% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 22.64% | 22.64% | 22.64% | 22.64% | 22.64% | 22.64% | 22.64% | 22.64% |
| Promoter group | % |
|---|---|
| Manminder Rana | 11.68% |
| Sukhjinder Kaur | 5.54% |
| Rana Veer Pratap Singh | 5.43% |
| Punjab Energy Development Agency | 1.66% |
| Rana Ranjit Singh | 0.00% |
| Rana Inder Pratap Singh | 0.00% |
| Public holders above 1% | % |
|---|---|
| Mohammad Afsar Khan | 1.84% |
| Murali Krishna Vempati | 1.54% |
| RAJ Kumar Malhotra | 1.17% |
1,14,642 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% |
| RANASUG | ₹176 cr | 31.0x | 0.3x | 1.0% | 4.6% | 3.3% | +2.3% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Distillery | ₹904 cr | 45.9% | ₹74 cr | 8.2% |
| Sugar | ₹900 cr | 45.7% | ₹-46 cr | -5.2% |
| Power | ₹166 cr | 8.4% | ₹47 cr | 28.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-23 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-22 | Other | Annual General Meeting |
| 2021-09-23 | Other | Annual General Meeting |
| 2020-09-23 | Other | Annual General Meeting |
| 2019-09-25 | Other | Annual General Meeting |
| 2018-09-21 | Other | Annual General Meeting |
| 2017-09-21 | Other | Annual General Meeting |
| 2016-09-22 | Other | Annual General Meeting |
| 2015-09-23 | Other | Annual General Meeting |
| 2014-09-24 | Other | Annual General Meeting |
| 2013-09-25 | Other | Annual General Meeting |
| 2012-09-25 | Other | Annual General Meeting |
| 2011-09-22 | Other | Annual General Meeting |
| 2010-06-24 | Other | Annual General Meeting |
| 2009-12-23 | Other | Annual Book Closure |
| 2008-12-23 | Other | Annual General Meeting |
| 2007-12-20 | Other | Annual General Meeting |
| 2006-10-26 | Other | Agm |
| 2005-10-31 | Dividend | Dividend-Re.1/- Per Sh |
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 | RANASUG |
| BSE code | 507490 |
| ISIN | INE625B01014 |
| 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.