RANASUG

Rana Sugars Limited

Integrated sugar producer with distillery and power generation operations

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products›Sugar

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Key metrics

Price as of 2026-10-16

Stock price
₹13.26
Market cap
203 Cr
Stock P/E
35.6
P/B
0.34
ROE (FY26)
4.0%
ROCE (FY26)
7.2%
Operating margin (FY26)
0.2%
Debt / equity (FY26)
0.54
OCF / EBITDA (3Y)
98.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Rana Sugars is a sugar producer that also runs a distillery and a power business.

Company snapshot

22ndBy market cap

Ranked among 27 companies in Sugar.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 50.3% of revenue

SegmentRevenue shareRevenuePBTAssets
Distillery
50.3%
623 Cr-2 Cr—
Power
8.8%
109 Cr12 Cr—
Sugar
50.2%
622 Cr5 Cr—

Shares add up to 109% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓98% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 1.4% — little room for error if costs rise.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales340 Cr337 Cr415 Cr462 Cr386 Cr390 Cr475 Cr531 Cr345 Cr429 Cr438 Cr464 Cr
Operating expenses (approx.)345 Cr319 Cr379 Cr443 Cr393 Cr371 Cr435 Cr524 Cr355 Cr406 Cr418 Cr475 Cr
EBITDA-5 Cr18 Cr36 Cr20 Cr-8 Cr20 Cr40 Cr7 Cr-9 Cr23 Cr20 Cr-11 Cr
OPM %-1.4%5.4%8.7%4.2%-2.0%5.1%8.3%1.3%-2.7%5.4%4.6%-2.3%
Other income5 Cr3 Cr6 Cr3 Cr2 Cr9 Cr20 Cr8 Cr4 Cr7 Cr12 Cr3 Cr
Interest6 Cr5 Cr9 Cr11 Cr7 Cr6 Cr9 Cr10 Cr5 Cr7 Cr8 Cr6 Cr
Depreciation8 Cr8 Cr11 Cr9 Cr9 Cr-1 Cr10 Cr9 Cr9 Cr10 Cr9 Cr10 Cr
Profit before tax-13 Cr7 Cr22 Cr3 Cr-23 Cr24 Cr40 Cr-4 Cr-20 Cr17 Cr43 Cr-24 Cr
Tax %-11.6%26.3%0.3%34.7%34.4%40.3%0.3%35.7%28.4%23.4%36.1%13.0%
Net profit-15 Cr6 Cr22 Cr2 Cr-15 Cr14 Cr40 Cr-3 Cr-14 Cr13 Cr28 Cr-21 Cr
EPS (₹)₹-0.95₹0.36₹1.41₹0.24₹-0.96₹0.92₹2.59₹-0.16₹-0.92₹0.83₹1.81₹-1.35

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,147 Cr988 Cr1,092 Cr1,311 Cr1,222 Cr1,400 Cr1,627 Cr1,593 Cr1,713 Cr1,743 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,068 Cr952 Cr1,051 Cr1,229 Cr1,096 Cr1,223 Cr1,514 Cr1,510 Cr1,642 Cr1,703 CrSign in free for the trailing twelve months
EBITDA79 Cr36 Cr40 Cr82 Cr126 Cr178 Cr113 Cr83 Cr71 Cr41 CrSign in free for the trailing twelve months
OPM %6.9%3.7%3.7%6.3%10.3%12.7%7.0%5.2%4.1%2.3%Sign in free for the trailing twelve months
Other income2 Cr7 Cr17 Cr9 Cr5 Cr4 Cr23 Cr18 Cr34 Cr31 CrSign in free for the trailing twelve months
Interest90 Cr99 Cr94 Cr22 Cr18 Cr29 Cr23 Cr28 Cr34 Cr30 CrSign in free for the trailing twelve months
Depreciation28 Cr31 Cr33 Cr34 Cr27 Cr28 Cr31 Cr35 Cr27 Cr38 CrSign in free for the trailing twelve months
Profit before tax-38 Cr-87 Cr-69 Cr258 Cr158 Cr109 Cr82 Cr37 Cr44 Cr36 CrSign in free for the trailing twelve months
Tax %-18.5%0.7%-8.2%-2.7%-0.1%21.8%23.1%24.4%22.1%34.5%Sign in free for the trailing twelve months
Net profit-45 Cr-86 Cr-75 Cr266 Cr158 Cr85 Cr63 Cr28 Cr34 Cr24 CrSign in free for the trailing twelve months
EPS (₹)₹-2.94₹-5.63₹-4.88₹17.30₹5.62₹6.60₹8.26₹1.82₹2.24₹1.55Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital154 Cr154 Cr154 Cr154 Cr154 Cr154 Cr154 Cr154 Cr154 Cr154 Cr
Reserves——-215 Cr50 Cr210 Cr295 Cr359 Cr387 Cr422 Cr446 Cr
Borrowings749 Cr749 Cr732 Cr280 Cr179 Cr189 Cr374 Cr403 Cr389 Cr321 Cr
Other liabilities350 Cr625 Cr676 Cr585 Cr595 Cr652 Cr575 Cr560 Cr558 Cr397 Cr
Total liabilities1,199 Cr1,387 Cr1,346 Cr1,069 Cr1,136 Cr1,290 Cr1,462 Cr1,503 Cr1,522 Cr1,318 Cr
Fixed assets (net)455 Cr450 Cr431 Cr383 Cr421 Cr451 Cr520 Cr578 Cr568 Cr560 Cr
CWIP28 Cr21 Cr30 Cr38 Cr28 Cr57 Cr14 Cr6 Cr6 Cr6 Cr
Investments——0 Cr—0.0020 Cr0.29 Cr2 Cr0.29 Cr0.29 Cr0.29 Cr
Loans & advances——67 Cr—31 Cr3 Cr24 Cr8 Cr10 Cr10 Cr
Inventories420 Cr536 Cr509 Cr303 Cr373 Cr514 Cr585 Cr592 Cr571 Cr390 Cr
Trade receivables72 Cr98 Cr134 Cr144 Cr141 Cr111 Cr128 Cr139 Cr214 Cr151 Cr
Cash & bank17 Cr50 Cr3 Cr51 Cr67 Cr33 Cr12 Cr12 Cr41 Cr34 Cr
Other assets207 Cr231 Cr173 Cr151 Cr76 Cr121 Cr177 Cr166 Cr112 Cr166 Cr
Total assets1,199 Cr1,387 Cr1,346 Cr1,069 Cr1,136 Cr1,290 Cr1,462 Cr1,503 Cr1,522 Cr1,318 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity——105 Cr640 Cr145 Cr92 Cr-84 Cr44 Cr55 Cr92 Cr
Cash from investing——-28 Cr-40 Cr-52 Cr-123 Cr-98 Cr-51 Cr8 Cr14 Cr
Cash from financing——-85 Cr-552 Cr-76 Cr-3 Cr170 Cr8 Cr-40 Cr-115 Cr
Net cash flow——-8 Cr48 Cr17 Cr-34 Cr-12 Cr1 Cr22 Cr-8 Cr
Free cash flow (OCF − Capex)——66 Cr581 Cr83 Cr-14 Cr-147 Cr-41 Cr37 Cr81 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.1%1.5%1.2%58.1%32.5%21.6%11.9%6.9%8.1%7.2%
ROE %-45.3%-659.2%—130.4%43.4%19.0%12.4%5.2%6.0%4.0%
Debtor days23364540422929324532
Inventory days243203212127133162162176163121
Days payable8517220619117816611913011688
Cash conversion cycle1816750-25-32572789265
OCF / EBITDA %——260.3%780.2%114.9%51.5%-73.9%53.5%76.8%n.m.
OCF / EBITDA % (3 years)————357.8%227.1%36.7%13.9%5.6%98.2%
Debt / equity7.5257.06—1.370.490.420.730.750.680.54
Current ratio——0.70—1.051.101.111.071.121.21
Net debt / EBITDA9.2819.3218.00—0.880.883.204.724.897.05