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Last Updated: April 2, 2026, 3:34 am
Author: Getaka|Social: XLinkedIn

Rana Sugars Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹10.16Overvalued by 17.40%vs CMP ₹12.30

P/E (5.7) × ROE (6.0%) × BV (₹36.40) × DY (2.00%)

₹29.45Undervalued by 139.43%vs CMP ₹12.30
MoS: +58.2% (Strong)Confidence: 53/100 (Moderate)Models: 6 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹8.5522%Over (-30.5%)
Graham NumberEarnings₹43.7816%Under (+255.9%)
Earnings PowerEarnings₹4.8311%Over (-60.7%)
DCFCash Flow₹7.4213%Over (-39.7%)
Net Asset ValueAssets₹36.387%Under (+195.8%)
EV/EBITDAEnterprise₹37.429%Under (+204.2%)
Earnings YieldEarnings₹23.407%Under (+90.2%)
ROCE CapitalReturns₹94.029%Under (+664.4%)
Revenue MultipleRevenue₹55.745%Under (+353.2%)
Consensus (9 models)₹29.45100%Undervalued
Key Drivers: EPS CAGR -15.9% drags value — could be higher if earnings stabilize. | Wide model spread (₹5–₹94) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -15.9%

*Investments are subject to market risks

Investment Snapshot

55
Rana Sugars Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 7.7% WeakROE 6.0% WeakD/E 0.47 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 22.6% Stable
Earnings Quality40/100 · Moderate
OPM contracting (10% → 5%) Declining
Quarterly Momentum80/100 · Strong
Revenue (4Q): +8% YoY GrowingProfit (4Q): +57% YoY Strong
Industry Rank60/100 · Moderate
P/E 5.7 vs industry 20.7 Cheaper than peersROCE 7.7% vs industry 8.6% Average3Y sales CAGR: 7% 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.

Rana 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
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 5.7 vs Ind 20.7 | ROCE 7.7% | ROE 6.0% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.47x | IntCov 0.0x | Current 1.05x | Borrow/Reserve 0.60x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹34 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.04 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+56
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +24.3% | Q NP +192.9% | Q OPM +8.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+139.4%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.60xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.04 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-2,467Latest shareholder count minus previous count
Quarterly Sales Change+24.3%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+192.9%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+8.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:34 am

Market Cap 189 Cr.
Current Price 12.3
Intrinsic Value₹29.45
High / Low 17.9/10.0
Stock P/E5.71
Book Value 36.4
Dividend Yield0.00 %
ROCE7.67 %
ROE5.99 %
Face Value 10.0
PEG Ratio-0.36

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

View Share Price Target for Rana Sugars Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Rana Sugars Ltd 189 Cr. 12.3 17.9/10.05.71 36.40.00 %7.67 %5.99 % 10.0
Kothari Sugars & Chemicals Ltd 195 Cr. 23.5 41.4/22.5 34.20.00 %3.22 %1.69 % 10.0
Sakthi Sugars Ltd 172 Cr. 14.5 28.5/13.311.0 14.80.00 %11.8 %23.7 % 10.0
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
Industry Average2,024.68 Cr265.4020.73225.550.76%8.62%7.89%6.37

All Competitor Stocks of Rana Sugars Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 370452500340337415462386390475531345429
Expenses 346394467345319379443393371435524355406
Operating Profit 255833-5183620-820407-923
OPM % 7%13%7%-1%5%9%4%-2%5%8%1%-3%5%
Other Income 194636329208410
Interest 4108659117691057
Depreciation 798881199-1109910
Profit before tax 144821-137223-232440-4-2017
Tax % 89%5%26%12%26%0%35%-34%40%0%-36%-28%23%
Net Profit 24515-156222-151440-3-1413
EPS in Rs 0.102.951.00-0.950.361.410.12-0.960.922.59-0.16-0.920.83

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 2:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6486988561,0919771,0921,3131,2221,4001,6271,5931,7131,780
Expenses 5646747171,0129401,0491,2291,0951,2221,5111,5061,6381,720
Operating Profit 842413979374284126178116877560
OPM % 13%3%16%7%4%4%6%10%13%7%5%4%3%
Other Income -081271523177-1321143042
Interest 80879590999422182923283430
Depreciation 33272828313334272831352739
Profit before tax -30-8217-38-87-6925915810982374433
Tax % -19%-33%-0%19%-1%8%-3%-0%22%23%24%22%
Net Profit -24-5517-45-86-752661588563283436
EPS in Rs -1.56-3.581.09-2.94-5.63-4.8817.3010.275.554.131.822.242.34
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-129.17%130.91%-364.71%-91.11%12.79%454.67%-40.60%-46.20%-25.88%-55.56%21.43%
Change in YoY Net Profit Growth (%)0.00%260.08%-495.61%273.59%103.90%441.88%-495.27%-5.60%20.32%-29.67%76.98%

Rana Sugars Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:5%
3 Years:7%
TTM:15%
Compounded Profit Growth
10 Years:10%
5 Years:-4%
3 Years:-30%
TTM:153%
Stock Price CAGR
10 Years:20%
5 Years:18%
3 Years:-17%
1 Year:-33%
Return on Equity
10 Years:%
5 Years:15%
3 Years:8%
Last Year:6%

Last Updated: September 5, 2025, 1:00 pm

Balance Sheet

Last Updated: February 1, 2026, 3:48 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 154154154154154154154154154154154154154
Reserves 43-125-54-169-24323181267331359394405
Borrowings 810824864841865874303207222412443435241
Other Liabilities 330344417258537562583594648566548539323
Total Liabilities 1,3361,3101,4401,1991,3871,3461,0641,1361,2901,4621,5031,5221,122
Fixed Assets 453439447455450431378421452521579568552
CWIP 32342928213038285714669
Investments 0000000000000
Other Assets 851836964717916886648688781926918948561
Total Assets 1,3361,3101,4401,1991,3871,3461,0641,1361,2901,4621,5031,5221,122

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3929311316010532914692-844455
Cash from Investing Activity + -17-15-27-36-63-28-36-62-123-98-518
Cash from Financing Activity + 26-96-52-87-103-85-246-76-31708-40
Net Cash Flow 13-1914-10-7-8478-34-12122
Free Cash Flow -147666781406627484-13-142-4045
CFO/OP 4%386%67%143%438%249%392%116%52%-64%55%78%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-726.00-800.00-725.00-762.00-828.00-832.00-219.00-81.00-44.00-296.00-356.00-360.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 333032245246404128293246
Inventory Days 516387401168231207104151196180176156
Days Payable 15012916359196202157201201132130111
Cash Conversion Cycle 3992882701338851-12-923777891
Working Capital Days -26-51-36-59-113-131-37-1481159
ROCE %5%1%11%5%1%3%9%20%26%13%7%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 22.64%22.64%22.64%22.64%22.64%22.64%22.64%22.64%22.64%22.64%22.64%22.64%
FIIs 0.01%0.00%1.73%0.00%0.03%0.01%0.00%0.00%0.09%0.04%0.00%0.04%
DIIs 0.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Government 1.67%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%1.66%
Public 75.59%75.70%73.97%75.70%75.66%75.69%75.69%75.69%75.61%75.66%75.70%75.65%
No. of Shareholders 1,19,4141,16,0791,15,4681,17,6821,21,8631,23,1471,24,7171,24,6841,25,1091,24,1331,22,2301,19,763

Shareholding Pattern Chart

No. of Shareholders

Rana 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.) 2.241.824.135.5510.27
Diluted EPS (Rs.) 2.241.824.135.5510.27
Cash EPS (Rs.) 4.004.126.177.3612.03
Book Value[Excl.RevalReserv]/Share (Rs.) 35.6433.3731.5427.4121.82
Book Value[Incl.RevalReserv]/Share (Rs.) 35.6433.3731.5427.4121.82
Revenue From Operations / Share (Rs.) 111.55103.73106.0091.2079.59
PBDIT / Share (Rs.) 6.836.568.9011.848.57
PBIT / Share (Rs.) 5.064.256.8610.036.81
PBT / Share (Rs.) 2.872.415.377.1010.26
Net Profit / Share (Rs.) 2.241.824.135.5510.27
PBDIT Margin (%) 6.126.328.4012.9710.76
PBIT Margin (%) 4.534.106.4710.998.55
PBT Margin (%) 2.572.325.067.7812.89
Net Profit Margin (%) 2.001.753.896.0812.90
Return on Networth / Equity (%) 6.285.4513.0920.2447.07
Return on Capital Employeed (%) 10.729.4115.3625.2921.67
Return On Assets (%) 2.251.864.336.6013.87
Long Term Debt / Equity (X) 0.100.130.180.220.27
Total Debt / Equity (X) 0.650.730.720.390.47
Asset Turnover Ratio (%) 1.131.071.181.151.11
Current Ratio (X) 1.121.071.111.111.05
Quick Ratio (X) 0.400.330.350.350.47
Inventory Turnover Ratio (X) 2.952.712.332.532.94
Interest Coverage Ratio (X) 3.123.555.976.307.15
Interest Coverage Ratio (Post Tax) (X) 2.021.993.774.525.69
Enterprise Value (Cr.) 521.57668.18681.88585.60249.95
EV / Net Operating Revenue (X) 0.300.410.410.410.20
EV / EBITDA (X) 4.986.644.993.221.90
MarketCap / Net Operating Revenue (X) 0.100.180.200.310.12
Price / BV (X) 0.340.570.691.040.44
Price / Net Operating Revenue (X) 0.100.180.200.310.12
EarningsYield 0.180.090.180.191.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Rana Sugars Ltd. is a Public Limited Listed company incorporated on 30/07/1991 and has its registered office in the State of Chandigarh, India. Company's Corporate Identification Number(CIN) is L15322CH1991PLC011537 and registration number is 011537. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company's Total Operating Revenue is Rs. 1712.79 Cr. and Equity Capital is Rs. 153.54 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
SugarSCO 49-50, Sector 8-C, Chandigarh Chandigarh 160009Contact not found
Management
NamePosition Held
Mr. Rana Ranjit SinghChairman & Non-Exe.Director
Mr. Rana Veer Pratap SinghManaging Director
Mr. Surjeet KaushalInd. Non-Executive Director
Ms. Navpreet KaurInd. Non-Executive Director
Mr. Harneet Singh OberoiInd. Non-Executive Director
Mr. Anil Singh NegiInd. Non-Executive Director

FAQ

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

As of 05 April 2026, Rana Sugars Ltd's intrinsic value is ₹29.45, which is 139.43% higher than the current market price of ₹12.30, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (5.99 %), book value (₹36.4), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Rana Sugars Ltd is trading at ₹12.30 as of 05 April 2026, with a FY2026-2027 high of ₹17.9 and low of ₹10.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹189 Cr..

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

Rana Sugars Ltd has a P/E ratio of 5.71, 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 Rana Sugars Ltd financially healthy?

Key indicators for Rana Sugars Ltd: ROCE of 7.67 % is on the lower side compared to the industry average of 8.62%; ROE of 5.99 % is below ideal levels (industry average: 7.89%). Dividend yield is 0.00 %.

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

Rana Sugars Ltd reported a net profit of ₹34 Cr in Mar 2025 on revenue of ₹1,713 Cr. Compared to ₹85 Cr in Mar 2022, the net profit shows a declining trend.

Does Rana Sugars Ltd pay dividends?

Rana Sugars Ltd has a dividend yield of 0.00 % at the current price of ₹12.30. 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 Rana 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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