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Last Updated: April 2, 2026, 3:19 am
Author: Getaka|Social: XLinkedIn

Mawana Sugars Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹90.90Fairly Valued by 0.87%vs CMP ₹91.70

P/E (7.3) × ROE (12.8%) × BV (₹117.00) × DY (4.36%)

₹137.98Undervalued by 50.47%vs CMP ₹91.70
MoS: +33.5% (Strong)Confidence: 53/100 (Moderate)Models: 6 Under, 3 Fair
ModelCategoryValueWeightSignal
PE-ROEEarnings₹96.8623%Fair (+5.6%)
Graham NumberEarnings₹155.5416%Under (+69.6%)
Earnings PowerEarnings₹95.1611%Fair (+3.8%)
DCFCash Flow₹130.8314%Under (+42.7%)
Net Asset ValueAssets₹116.997%Under (+27.6%)
EV/EBITDAEnterprise₹316.749%Under (+245.4%)
Earnings YieldEarnings₹91.907%Fair (+0.2%)
ROCE CapitalReturns₹113.187%Under (+23.4%)
Revenue MultipleRevenue₹184.685%Under (+101.4%)
Consensus (9 models)₹137.98100%Undervalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.6%

*Investments are subject to market risks

Investment Snapshot

57
Mawana Sugars Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 10.3% AverageROE 12.8% GoodD/E 0.66 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 63.5% Stable
Earnings Quality50/100 · Moderate
OPM stable around 8% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +8% YoY GrowingProfit (4Q): -62% YoY Declining
Industry Rank65/100 · Strong
P/E 7.3 vs industry 20.7 Cheaper than peersROCE 10.3% vs industry 8.6% AverageROE 12.8% vs industry 7.9% Above peers3Y sales CAGR: -1% Shrinking

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.

Mawana Sugars 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 7.3 vs Ind 20.7 | ROCE 10.3% | ROE 12.8% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.66x | IntCov 0.0x | Current 1.17x | Borrow/Reserve 0.02x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹109 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.14 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+25
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -14.4% | Q NP +124.4% | Q OPM +9.9 pp
Derived FieldValueHow it is derived
Valuation Gap %+50.5%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.02xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.14 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-313Latest shareholder count minus previous count
Quarterly Sales Change-14.4%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+124.4%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+9.9 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:19 am

Market Cap 359 Cr.
Current Price 91.7
Intrinsic Value₹137.98
High / Low 112/75.0
Stock P/E7.27
Book Value 117
Dividend Yield4.36 %
ROCE10.3 %
ROE12.8 %
Face Value 10.0
PEG Ratio1.11

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

View Share Price Target for Mawana Sugars Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mawana Sugars Ltd 359 Cr. 91.7 112/75.07.27 1174.36 %10.3 %12.8 % 10.0
Ugar Sugar Works Ltd 440 Cr. 39.1 52.5/33.123.2 15.20.00 %3.14 %7.90 % 1.00
KCP Sugar & Industries Corporation Ltd 272 Cr. 24.0 41.1/21.266.3 41.30.42 %4.63 %1.99 % 1.00
DCM Shriram Industries Ltd 474 Cr. 36.3 63.1/31.97.77 1055.51 %13.7 %11.8 % 2.00
Ponni Sugars (Erode) Ltd 243 Cr. 283 369/25212.4 6241.06 %5.18 %3.56 % 10.0
Industry Average2,024.68 Cr265.4020.73225.550.76%8.62%7.89%6.37

All Competitor Stocks of Mawana Sugars Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 481.84350.33326.14380.77325.99322.19386.69382.50334.44342.86400.53428.97367.03
Expenses 462.35269.20329.61409.42284.87240.79372.11392.96305.36254.03401.12439.10339.25
Operating Profit 19.4981.13-3.47-28.6541.1281.4014.58-10.4629.0888.83-0.59-10.1327.78
OPM % 4.04%23.16%-1.06%-7.52%12.61%25.26%3.77%-2.73%8.70%25.91%-0.15%-2.36%7.57%
Other Income 0.800.310.5526.150.440.550.660.4464.255.100.730.36-13.83
Interest 4.015.969.667.393.019.6413.078.391.436.6711.044.440.52
Depreciation 9.109.357.868.399.459.657.978.138.668.807.247.417.97
Profit before tax 7.1866.13-20.44-18.2829.1062.66-5.80-26.5483.2478.46-18.14-21.625.46
Tax % 26.04%21.16%-23.58%-37.53%39.48%24.86%-21.21%-23.93%12.89%21.40%-25.36%-25.39%28.02%
Net Profit 5.3152.14-15.62-11.4217.6147.08-4.57-20.1972.5161.67-13.54-16.133.93
EPS in Rs 1.3613.33-3.99-2.924.5012.04-1.17-5.1618.5415.77-3.46-4.121.00

Last Updated: March 3, 2026, 10:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 12:46 am

MetricSep 2013Dec 2014n n 15mMar 2016n n 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,3421,3991,4851,1911,3441,1651,1611,4691,4781,4821,3551,4461,539
Expenses 1,3981,4521,3791,0221,3011,0501,1091,3721,3731,4051,2651,3241,434
Operating Profit -57-521061694311552961057790122106
OPM % -4%-4%7%14%3%10%4%7%7%5%7%8%7%
Other Income 3091035627111792-222870-8
Interest 91777751382427352628303023
Depreciation 50613830243356484036353431
Profit before tax -168-1811443769-1310538155312944
Tax % 1%0%0%19%-33%41%521%31%31%14%29%15%
Net Profit -170-18113591040-837326133810936
EPS in Rs -43.15-46.370.2091.782.4910.32-21.1918.736.693.369.6227.979.19
Dividend Payout % 0%0%0%0%0%0%0%16%45%89%42%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-97.21%300.00%-307.50%187.95%-64.38%-50.00%192.31%186.84%
Change in YoY Net Profit Growth (%)0.00%397.21%-607.50%495.45%-252.34%14.38%242.31%-5.47%

Mawana Sugars Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:0%
5 Years:5%
3 Years:-1%
TTM:3%
Compounded Profit Growth
10 Years:9%
5 Years:22%
3 Years:24%
TTM:-3%
Stock Price CAGR
10 Years:30%
5 Years:27%
3 Years:2%
1 Year:-25%
Return on Equity
10 Years:%
5 Years:6%
3 Years:8%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: December 4, 2025, 1:38 am

MonthSep 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 39393939393939393939393939
Reserves -245-427-426292302342257331345345371453419
Borrowings 7025044822441432394882764173835684198
Other Liabilities 394818958588622788689735250266200185100
Total Liabilities 8909341,0531,1631,1051,4081,4741,3801,0511,0331,1791,096567
Fixed Assets 529474441321313296298232212197204198178
CWIP 1134881133161022
Investments 0000015131043300
Other Assets 3604606098387841,0891,1611,126832817972897366
Total Assets 8909341,0531,1631,1051,4081,4741,3801,0511,0331,1791,096567

Reserves and Borrowings Chart

Cash Flow

MonthSep 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -59235384963-100-139160-151108-164114
Cash from Investing Activity + 14-15-412183-17-42129-13-39592
Cash from Financing Activity + 45-206-30-157-12794195-245107-76143-206
Net Cash Flow 01541319-231443-57-6-16-1
Free Cash Flow -65230273042-125-182135-16274-16687
CFO/OP 167%-448%36%30%169%-79%-238%166%-144%143%-180%101%

Free Cash Flow

MonthDec 2014n n 15mMar 2016n n 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2013
Free Cash Flow-52.00106.00-75.00-100.00-124.00-436.00-180.00-312.00-306.00-478.00-297.00-759.00

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 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1113181314121510108118
Inventory Days 90108165238176417333246214208300266
Days Payable 10722526821720435523120157615244
Cash Conversion Cycle -5-104-8534-147411755167155259231
Working Capital Days -165-211-142-18-309141434264669
ROCE %-19%-34%73%44%6%17%2%7%10%6%7%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%
FIIs 0.01%0.01%0.93%0.35%0.45%0.59%0.88%0.43%0.44%0.96%0.58%0.44%
DIIs 0.31%0.31%0.31%0.31%0.31%0.31%0.07%0.07%0.07%0.07%0.07%0.07%
Public 36.18%36.18%35.27%35.85%35.76%35.62%35.56%35.99%35.99%35.48%35.86%36.01%
No. of Shareholders 56,15155,12554,65954,64654,76254,55155,43856,11756,69856,15856,11355,800

Shareholding Pattern Chart

No. of Shareholders

Mawana Sugars 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 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 27.979.633.366.6918.73
Diluted EPS (Rs.) 27.979.633.366.6918.73
Cash EPS (Rs.) 36.5618.7012.5516.5130.98
Book Value[Excl.RevalReserv]/Share (Rs.) 125.75104.8798.2498.2494.51
Book Value[Incl.RevalReserv]/Share (Rs.) 125.75104.8798.2498.2494.51
Revenue From Operations / Share (Rs.) 369.76346.39378.76377.88375.53
PBDIT / Share (Rs.) 33.5530.2220.5527.7725.55
PBIT / Share (Rs.) 24.9721.1911.4417.6313.39
PBT / Share (Rs.) 33.0813.603.989.3732.64
Net Profit / Share (Rs.) 27.989.663.446.3718.82
NP After MI And SOA / Share (Rs.) 27.979.623.366.6818.73
PBDIT Margin (%) 9.078.725.427.346.80
PBIT Margin (%) 6.756.113.024.663.56
PBT Margin (%) 8.943.921.052.478.69
Net Profit Margin (%) 7.562.780.901.685.01
NP After MI And SOA Margin (%) 7.562.770.881.764.98
Return on Networth / Equity (%) 22.249.173.416.8019.81
Return on Capital Employeed (%) 19.4219.7311.1215.8211.41
Return On Assets (%) 9.983.191.272.485.30
Long Term Debt / Equity (X) 0.000.000.010.100.20
Total Debt / Equity (X) 0.841.380.991.080.66
Asset Turnover Ratio (%) 1.271.231.421.201.02
Current Ratio (X) 1.501.261.231.301.17
Quick Ratio (X) 0.110.100.140.150.29
Inventory Turnover Ratio (X) 1.701.591.711.491.43
Dividend Payout Ratio (NP) (%) 25.0231.1589.3344.870.00
Dividend Payout Ratio (CP) (%) 19.1416.0624.0517.820.00
Earning Retention Ratio (%) 74.9868.8510.6755.130.00
Cash Earning Retention Ratio (%) 80.8683.9475.9582.180.00
Interest Coverage Ratio (X) 4.443.982.884.222.83
Interest Coverage Ratio (Post Tax) (X) 2.632.271.532.220.56
Enterprise Value (Cr.) 732.52872.85698.20890.78288.33
EV / Net Operating Revenue (X) 0.500.640.470.600.19
EV / EBITDA (X) 5.587.388.698.202.88
MarketCap / Net Operating Revenue (X) 0.230.240.230.350.09
Retention Ratios (%) 74.9768.8410.6655.120.00
Price / BV (X) 0.680.800.921.360.38
Price / Net Operating Revenue (X) 0.230.240.230.350.09
EarningsYield 0.320.110.030.050.51

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Mawana Sugars Ltd. is a Public Limited Listed company incorporated on 27/03/1961 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74100DL1961PLC003413 and registration number is 003413. Currently Company is involved in the business activities of Manufacture of sugar. Company's Total Operating Revenue is Rs. 1445.09 Cr. and Equity Capital is Rs. 39.12 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Sugar5th Floor, Kirti Mahal, New Delhi Delhi 110125Contact not found
Management
NamePosition Held
Mr. Krishna ShriramChairman & Non-Exe.Director
Mr. Rakesh Kumar GangwarManaging Director
Mr. Mukesh ChauhanNon Exe.Non Ind.Director
Ms. Anuradha DuttInd. Non-Executive Director
Mr. Satish AgrawalInd. Non-Executive Director
Mr. Arun Kumar KaulInd. Non-Executive Director

FAQ

What is the intrinsic value of Mawana Sugars Ltd and is it undervalued?

As of 06 April 2026, Mawana Sugars Ltd's intrinsic value is ₹137.98, which is 50.47% higher than the current market price of ₹91.70, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (12.8 %), book value (₹117), dividend yield (4.36 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Mawana Sugars Ltd?

Mawana Sugars Ltd is trading at ₹91.70 as of 06 April 2026, with a FY2026-2027 high of ₹112 and low of ₹75.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹359 Cr..

How does Mawana Sugars Ltd's P/E ratio compare to its industry?

Mawana Sugars Ltd has a P/E ratio of 7.27, 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 Mawana Sugars Ltd financially healthy?

Key indicators for Mawana Sugars Ltd: ROCE of 10.3 % is moderate. Dividend yield is 4.36 %.

Is Mawana Sugars Ltd profitable and how is the profit trend?

Mawana Sugars Ltd reported a net profit of ₹109 Cr in Mar 2025 on revenue of ₹1,446 Cr. Compared to ₹26 Cr in Mar 2022, the net profit shows an improving trend.

Does Mawana Sugars Ltd pay dividends?

Mawana Sugars Ltd has a dividend yield of 4.36 % at the current price of ₹91.70. This is a relatively attractive yield for income-seeking investors.

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 Mawana Sugars 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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