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Last Updated: April 2, 2026, 3:11 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532673 | NSE: KMSUGAR

KM Sugar Mills Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹15.56Overvalued by 39.92%vs CMP ₹25.90

P/E (4.3) × ROE (11.2%) × BV (₹39.40) × DY (2.00%)

₹49.23Undervalued by 90.08%vs CMP ₹25.90
MoS: +47.4% (Strong)Confidence: 58/100 (Moderate)Models: 7 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹16.4822%Over (-36.4%)
Graham NumberEarnings₹72.9916%Under (+181.8%)
Earnings PowerEarnings₹18.5513%Over (-28.4%)
DCFCash Flow₹76.9313%Under (+197%)
Net Asset ValueAssets₹39.397%Under (+52.1%)
EV/EBITDAEnterprise₹84.129%Under (+224.8%)
Earnings YieldEarnings₹60.107%Under (+132%)
ROCE CapitalReturns₹65.169%Under (+151.6%)
Revenue MultipleRevenue₹35.865%Under (+38.5%)
Consensus (9 models)₹49.23100%Undervalued
Key Drivers: Wide model spread (₹16–₹84) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 5.9%

*Investments are subject to market risks

Investment Snapshot

66
KM Sugar Mills Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health61/100 · Moderate
ROCE 11.2% AverageROE 11.2% AverageD/E 0.84 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.55% MF buyingPromoter holding at 56.5% Stable
Earnings Quality50/100 · Moderate
OPM stable around 12% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +12% YoY GrowingProfit (4Q): +67% YoY Strong
Industry Rank85/100 · Strong
P/E 4.3 vs industry 20.7 Cheaper than peersROCE 11.2% vs industry 8.6% Above peersROE 11.2% vs industry 7.9% Above peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

KM Sugar Mills Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 4.3 vs Ind 20.7 | ROCE 11.2% | ROE 11.2% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.84x | IntCov 0.0x | Current 1.21x | Borrow/Reserve 0.19x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹36 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.05 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -3.4% | Q NP +110.0% | Q OPM +3.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+90.1%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.19xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.05 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,472Latest shareholder count minus previous count
Quarterly Sales Change-3.4%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+110.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+3.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:11 am

Market Cap 238 Cr.
Current Price 25.9
Intrinsic Value₹49.23
High / Low 33.5/22.5
Stock P/E4.32
Book Value 39.4
Dividend Yield0.00 %
ROCE11.2 %
ROE11.2 %
Face Value 2.00
PEG Ratio0.73

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for KM Sugar Mills Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
KM Sugar Mills Ltd 238 Cr. 25.9 33.5/22.54.32 39.40.00 %11.2 %11.2 % 2.00
Ponni Sugars (Erode) Ltd 243 Cr. 283 369/25212.4 6241.06 %5.18 %3.56 % 10.0
KCP Sugar & Industries Corporation Ltd 272 Cr. 24.0 41.1/21.266.3 41.30.42 %4.63 %1.99 % 1.00
Kothari Sugars & Chemicals Ltd 195 Cr. 23.5 41.4/22.5 34.20.00 %3.22 %1.69 % 10.0
Rana Sugars Ltd 189 Cr. 12.3 17.9/10.05.71 36.40.00 %7.67 %5.99 % 10.0
Industry Average2,024.68 Cr265.4020.73225.550.76%8.62%7.89%6.37

All Competitor Stocks of KM Sugar Mills Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 18891251169114123170170166153208175169
Expenses 16186225154105103150156141130182157146
Operating Profit 275271592019152424261823
OPM % 14%5%11%9%8%16%11%9%15%15%13%10%13%
Other Income 24123322122412
Interest 2454256535531
Depreciation 4565665556555
Profit before tax 2411773121061815181428
Tax % 26%-25%27%23%19%35%29%22%29%27%27%25%26%
Net Profit 18112638751311131021
EPS in Rs 1.920.071.320.600.290.830.760.531.371.201.431.142.24

Last Updated: March 4, 2026, 5:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:10 pm

MetricSep 2013Mar 2015n n 18mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 273550346336463390531503548576657659706
Expenses 240520316290446352481447475526586576615
Operating Profit 32303046173850567350718391
OPM % 12%6%9%14%4%10%9%11%13%9%11%13%13%
Other Income 37611371411410117620
Interest 1314171011818111214171813
Depreciation 914910131215151516232222
Profit before tax 1391037293228345631394975
Tax % 1%17%-17%0%35%24%34%23%26%26%28%27%
Net Profit 1371237192418264123283655
EPS in Rs 1.370.811.274.032.052.642.002.854.512.523.053.866.01
Dividend Payout % 0%0%0%0%0%0%0%0%4%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)208.33%-48.65%26.32%-25.00%44.44%57.69%-43.90%21.74%28.57%
Change in YoY Net Profit Growth (%)0.00%-256.98%74.96%-51.32%69.44%13.25%-101.59%65.64%6.83%

KM Sugar Mills Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:4%
3 Years:6%
TTM:21%
Compounded Profit Growth
10 Years:17%
5 Years:14%
3 Years:-5%
TTM:82%
Stock Price CAGR
10 Years:30%
5 Years:19%
3 Years:0%
1 Year:-27%
Return on Equity
10 Years:15%
5 Years:12%
3 Years:10%
Last Year:11%

Last Updated: September 5, 2025, 8:40 am

Balance Sheet

Last Updated: December 4, 2025, 1:30 am

MonthSep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 18181818181818181818181818
Reserves -8-1104766151169195234257285320344
Borrowings 113146951419910917420122426829128267
Other Liabilities 3016314617013021616621016616018510941
Total Liabilities 153326270376313494527625643703779730470
Fixed Assets 5165619594153160158159214209205221
CWIP 400007080512720
Investments 003871527243063767471
Other Assets 98261205273212319339434454421482444159
Total Assets 153326270376313494527625643703779730470

Reserves and Borrowings Chart

Cash Flow

MonthSep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -137725728-375732931
Cash from Investing Activity + -5-23-9-46-11-24-28-21-12-105-34-7
Cash from Financing Activity + 1817-6043-581030169307-28
Net Cash Flow -01422-6-123-31-3
Free Cash Flow -19-1766-3760-9-19-14-3-3316
CFO/OP -41%27%241%28%459%36%4%22%26%168%53%56%

Free Cash Flow

MonthMar 2015n n 18mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2013
Free Cash Flow30.00-65.00-95.00-82.00-71.00-124.00-145.00-151.00-218.00-220.00-199.00-81.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthSep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1221281818261414104165
Inventory Days 133160217345151338248362350298289300
Days Payable 2410413314110223511117712311011667
Cash Conversion Cycle 1217711222267128152200238192189238
Working Capital Days -15-16-9-1263347376-118
ROCE %25%16%19%28%21%17%14%12%15%9%10%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 56.52%56.52%56.51%56.51%56.51%56.51%56.51%56.51%56.51%56.51%56.51%56.51%
FIIs 0.00%0.00%0.85%0.00%0.25%0.19%0.21%0.15%0.13%0.24%0.16%0.11%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.55%0.55%
Public 43.48%43.48%42.64%43.49%43.23%43.29%43.27%43.34%43.37%43.25%42.77%42.82%
No. of Shareholders 45,76144,47745,88046,45354,81462,27058,94358,41658,38457,19756,10354,631

Shareholding Pattern Chart

No. of Shareholders

KM Sugar Mills Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 3.863.052.524.512.85
Diluted EPS (Rs.) 3.863.052.524.512.85
Cash EPS (Rs.) 6.255.514.256.164.47
Book Value[Excl.RevalReserv]/Share (Rs.) 36.8032.9629.9227.4223.20
Book Value[Incl.RevalReserv]/Share (Rs.) 36.8032.9629.9227.4223.20
Revenue From Operations / Share (Rs.) 71.6371.4362.5659.6054.64
PBDIT / Share (Rs.) 9.688.516.649.016.53
PBIT / Share (Rs.) 7.296.054.917.364.92
PBT / Share (Rs.) 5.324.253.416.083.72
Net Profit / Share (Rs.) 3.863.052.524.512.85
NP After MI And SOA / Share (Rs.) 3.863.052.524.512.85
PBDIT Margin (%) 13.5111.9010.6015.1111.95
PBIT Margin (%) 10.178.467.8512.358.99
PBT Margin (%) 7.425.955.4410.206.80
Net Profit Margin (%) 5.394.274.037.565.21
NP After MI And SOA Margin (%) 5.394.274.037.565.21
Return on Networth / Equity (%) 10.499.268.4316.4312.29
Return on Capital Employeed (%) 18.0916.1413.3323.1616.75
Return On Assets (%) 4.873.603.306.454.20
Long Term Debt / Equity (X) 0.050.090.180.100.18
Total Debt / Equity (X) 0.830.960.970.880.84
Asset Turnover Ratio (%) 0.870.880.850.860.85
Current Ratio (X) 1.121.021.041.191.21
Quick Ratio (X) 0.090.130.070.090.18
Inventory Turnover Ratio (X) 1.751.401.081.131.40
Dividend Payout Ratio (NP) (%) 0.000.000.004.430.00
Dividend Payout Ratio (CP) (%) 0.000.000.003.240.00
Earning Retention Ratio (%) 0.000.000.0095.570.00
Cash Earning Retention Ratio (%) 0.000.000.0096.760.00
Interest Coverage Ratio (X) 4.904.734.417.035.47
Interest Coverage Ratio (Post Tax) (X) 2.962.702.684.523.39
Enterprise Value (Cr.) 523.00538.24500.06483.80280.84
EV / Net Operating Revenue (X) 0.790.810.860.880.55
EV / EBITDA (X) 5.876.888.195.844.67
MarketCap / Net Operating Revenue (X) 0.370.390.410.480.21
Retention Ratios (%) 0.000.000.0095.560.00
Price / BV (X) 0.730.850.861.060.50
Price / Net Operating Revenue (X) 0.370.390.410.480.21
EarningsYield 0.140.100.090.150.24

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

KM Sugar Mills Ltd. is a Public Limited Listed company incorporated on 17/12/1971 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L15421UP1971PLC003492 and registration number is 003492. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company's Total Operating Revenue is Rs. 659.01 Cr. and Equity Capital is Rs. 18.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Sugar76, Eldeco Greens Gomti Nagar, Lucknow Uttar Pradesh 226010Contact not found
Management
NamePosition Held
Mr. L K JhunjhunwalaChairman
Mr. Aditya JhunjhunwalaManaging Director
Mr. Sanjay JhunjhunwalaJoint Managing Director
Mr. Subhash Chandra AgarwalExecutive Director & CEO
Mr. Bibhas Kumar SrivastavInd.& Non Exe.Director
Dr. Sushil SolomonInd.& Non Exe.Director
Mr. Bakshi RamInd.& Non Exe.Director
Mrs. Archna AgarwalInd.& Non Exe.Director
Mr. Narendra MohanInd.& Non Exe.Director

FAQ

What is the intrinsic value of KM Sugar Mills Ltd and is it undervalued?

As of 05 April 2026, KM Sugar Mills Ltd's intrinsic value is ₹49.23, which is 90.08% higher than the current market price of ₹25.90, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (11.2 %), book value (₹39.4), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of KM Sugar Mills Ltd?

KM Sugar Mills Ltd is trading at ₹25.90 as of 05 April 2026, with a FY2026-2027 high of ₹33.5 and low of ₹22.5. The stock is currently in the middle of its 52-week range. Market cap stands at ₹238 Cr..

How does KM Sugar Mills Ltd's P/E ratio compare to its industry?

KM Sugar Mills Ltd has a P/E ratio of 4.32, which is below the industry average of 20.73. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is KM Sugar Mills Ltd financially healthy?

Key indicators for KM Sugar Mills Ltd: ROCE of 11.2 % is moderate. Dividend yield is 0.00 %.

Is KM Sugar Mills Ltd profitable and how is the profit trend?

KM Sugar Mills Ltd reported a net profit of ₹36 Cr in Mar 2025 on revenue of ₹659 Cr. Compared to ₹41 Cr in Mar 2022, the net profit shows a declining trend.

Does KM Sugar Mills Ltd pay dividends?

KM Sugar Mills Ltd has a dividend yield of 0.00 % at the current price of ₹25.90. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in KM Sugar Mills Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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