As of 6 Nov 2026, Indian Sucrose trades at 4.1× trailing earnings, below the industry P/E of 15.1×, and the shares are 22% below their 52-week high. Its ROCE of 19% is the highest among the 7 largest Confectioners peers, and sales and net profit grew 5.1% and 1.2% a year over 3 years. Debt is 0.66× equity. It is a small-cap company with a market cap of ₹127 Cr, ranked 26th of 37 Confectioners companies by market cap; the shares fell 17% over the past year.
- ₹73.00
- ₹74.00
- ₹70.00
- ₹72.11
- 4K
Health check
- ReturnsBehind
−17.4% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 4.1 vs industry 15.1.
- GrowthStrong
Sales +5.1%, profit +1.2% a year over 3 years.
- ProfitabilityAverage
ROCE 19.5% vs peer median 9.6%.
- Balance sheetFair
Debt 0.66× equity, interest covered 2.9×, Piotroski 5 of 9.
- Red flags2 to check
Quarterly profit down 81.7% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹127 Cr
- Small cap
- P/E
- 4.1
- Industry 15.1
- Price to book
- 0.44
- Peers 1.58
- Dividend yield
- 0.00%
- ROE
- 11.3%
- Peers 7.7%
- ROCE
- 19.5%
- Peers 9.6%
- Debt to equity
- 0.66
- Debt ₹192 Cr
- EPS (TTM)
- ₹17.70
- OPM (TTM)
- 12.8%
- Net margin 6.2%
- Sales growth
- −39.1%
- Latest quarter vs a year ago
- Profit growth
- −81.7%
- Latest quarter vs a year ago
- Price to sales
- 0.27
- EV/EBITDA 3.1
Strengths and risks
Strengths
- P/E of 4.1 against an industry P/E of 15.1.
Risks to check
- Quarterly profit down 81.7% on a year ago.
- Quarterly sales down 39.1% on a year ago.
About Indian Sucrose
Indian Sucrose Limited manufactures and sells sugar and allied products in India. It operates through two segments: Sugar and Cogeneration of Power. The company offers sugar under the Sweeto and Yadu brand names, as well as bagasse and molasses through online and offline channels. It also engages in the cogeneration of power from renewable resources. The company was formerly known as Oswal Sugars Limited and changed its name to Indian Sucrose Limited.…
- Headquarters
- Delhi
- Employees
- 403
- Sector
- Consumer Defensive
- ISIN
- INE557C01017
- Website
- muksug.in
Price range
- Avg volume (3M)
- 8.3K
- 1-year return
- minus 17.4%
- From 52-week high
- minus 22.1%
Peers · Confectioners
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BALRAMCHINBalrampur Chini Mills | 670.30 | minus 1.21% | 14,186 | 32.9 | 2.98 | 11.8% | 9.7% | 11.3% | 10.4% | 10.0% | 0.59% | plus 50.8% |
| TRIVENITriveni Engineering & Industries | 240.01 | minus 1.29% | 5,289 | 15.1 | 1.58 | 12.1% | 8.3% | 8.5% | 4.0% | −46.9% | 1.13% | minus 32.1% |
| BAJAJHINDBajaj Hindusthan Sugar | 18.59 | minus 1.64% | 4,441 | 15.1 | 4.41 | 1.7% | 6.4% | 5.1% | −4.4% | – | 0.00% | minus 13.9% |
| BANARISUGBannari Amman Sugars | 3,195.70 | minus 7.23% | 4,007 | 32.9 | 2.09 | 8.7% | 8.0% | 9.3% | −8.8% | 1.0% | 0.36% | minus 4.3% |
| RENUKAShree Renuka Sugars | 18.19 | minus 2.31% | 3,872 | – | −1.23 | −27.3% | – | −0.5% | 0.6% | – | 0.00% | minus 36.3% |
| DALMIASUGDalmia Bharat Sugar and Industries | 477.50 | plus 0.16% | 3,865 | 19.0 | 1.20 | 9.6% | 7.3% | 10.8% | 3.7% | −1.8% | 1.26% | plus 40.9% |
| AVADHSUGARAvadh Sugar & Energy | 824.35 | minus 6.17% | 1,650 | 25.0 | 1.47 | 10.3% | 5.1% | 8.3% | −1.2% | −17.0% | 1.14% | plus 107.3% |
| INDSUCRIndian Sucrose | 73.18 | plus 1.48% | 127 | 4.1 | 0.44 | 19.5% | 11.3% | 15.2% | 5.1% | 1.2% | 0.00% | minus 17.4% |
| Median of 7 peers | – | −1.64% | 4,007 | 22.0 | 1.58 | 9.6% | 7.7% | 8.5% | 0.6% | −1.8% | 0.59% | −4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 83.7 | 39.1 | 79.7 | 308 | 51 | |
| 75.3 | 38.1 | 68.7 | 261 | 48.7 | |
| 8.4 | 1.1 | 11 | 46.9 | 2.2 | |
| 10.0% | 2.7% | 13.8% | 15.2% | 4.4% | |
| 2.3 | 4.3 | 4.5 | 17.1 | 6.5 | |
| 5.6 | 5.8 | 5.3 | 6.1 | 5.4 | |
| 2.4 | 2.6 | 2.9 | 4.2 | 2.9 | |
| – | – | – | −17.1 | – | |
| 2.6 | −3.1 | 7.4 | 36.6 | 0.5 | |
| 25.0% | −18.3% | 8.7% | 28.6% | 32.7% | |
| 2 | −3.7 | 6.7 | 26.1 | 0.4 | |
| 1.14 | -1.39 | 3.87 | 15.01 | 0.21 |
Profit & loss
- Sales CAGR 3Y
- +5.1%
- Profit CAGR 3Y
- +1.2%
- EPS CAGR 3Y
- +1.2%
- ROE
- 11.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 431 | 513 | 532 | 500 | |
| – | +19.2% | +3.6% | minus 6.1% | |
| 366 | 444 | 452 | 421 | |
| 64.8 | 69.1 | 80.2 | 78.7 | |
| 15.1% | 13.5% | 15.1% | 15.7% | |
| 9.8 | 12.3 | 14.5 | 14.8 | |
| 23.9 | 25.6 | 24.5 | 22.7 | |
| 8.4 | 11.3 | 10.5 | 12.1 | |
| −0 | −0.2 | −6.9 | −15.3 | |
| 42.2 | 44.3 | 52.6 | 43.4 | |
| 28.9% | 26.1% | 27.1% | 28.4% | |
| 30 | 32.7 | 38.4 | 31.1 | |
| – | +9.1% | +17.2% | minus 19.0% | |
| 17.27 | 18.84 | 22.09 | 17.90 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.4 | 17.4 | 17.4 | 17.4 | |
| 164 | 197 | 240 | 275 | |
| 223 | 209 | 212 | 192 | |
| 176 | 166 | 186 | 149 | |
| 581 | 590 | 656 | 633 | |
| 209 | 207 | 200 | 203 | |
| 5.2 | 4.4 | 2.1 | 9.8 | |
| 0.1 | 0.1 | 6.6 | 11.1 | |
| 32.1 | 19.6 | 145 | 90.2 | |
| 335 | 358 | 301 | 319 | |
| 581 | 590 | 656 | 633 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 47.3 | 55.7 | 68 | −37.2 | |
| −54 | −29.5 | 81 | 13.8 | |
| 18 | −41.2 | −21.6 | −43.1 | |
| 11.2 | −15 | 127 | −66.4 | |
| −22 | −11.2 | −8.5 | −7.5 | |
| 25.2 | 44.5 | 59.5 | −44.7 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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