K.M. Sugar Mills Ltd.

•

kmsugar.comBSE: 532673NSE: KMSUGAR

Market Cap₹ 274 Cr.

Current Price

High / Low₹ 36 / 23

Stock P/E5.7

Book Value₹ 39

Price to Book0.66

Dividend Yield0.00 %

ROCE14.4 %

ROE16.7 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Sugar: 86.4% • Distillery: 13.6%

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.27x)
Company generates healthy free cash flow
Company comfortably covers its interest (7.2x coverage)
Attractively priced for its growth - PEG of 0.2
Stock looks reasonably valued - P/E of 5.7 is below its historical median

CONS

Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (26.9% of PBT)
Company has delivered a poor sales growth of 5.5% over past five years
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsAgriSugar

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BALRAMCHIN	699.20	39.87	14794.90	0.50	44.15	-14.40	1636.79	6.13	9.29	7.36
2.	EIDPARRY	756.00	28.94	13453.45	0.00	311.50	-32.93	9017.52	3.37	23.60	8.33
3.	TRIVENI	268.90	21.08	5925.56	1.02	3.65	73.81	1950.14	-0.22	8.92	2.94
4.	RENUKA	24.36	0.00	5185.00	0.00	-251.50	4.59	2120.20	5.61	-3.84	-3.60
5.	BAJAJHIND	21.37	44.14	5108.85	0.00	-1847.00	-961.49	11259.70	801.92	2.86	-10.64
6.	BANARISUG	3682.15	37.92	4617.31	0.34	-10.92	-171.57	172.45	-58.81	9.33	-3.00
7.	DALMIASUG	432.85	14.80	3503.46	1.39	6.91	—	848.19	-16.48	8.38	5.10
8.	AVADHSUGAR	821.70	24.94	1644.91	1.22	2.34	127.81	7792.51	987.42	6.50	4.68
9.	GODAVARIB	238.95	5434.89	1222.85	0.00	-193.20	-1106.22	5578.77	946.21	5.79	0.09
10.	DHAMPURSUG	170.85	15.63	1098.68	1.17	60.90	6592.31	7861.70	961.42	6.63	3.98
11.	UTTAMSUGAR	282.65	12.40	1077.97	0.88	1.30	-91.05	606.37	-3.56	11.62	4.32
12.	KMSUGAR	29.75	5.69	273.70	0.00	7.83	-40.37	189.93	-8.79	14.38	8.31

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	251	169	114	123	170	170	166	153	208	175	169	106	190
	225	154	105	103	150	156	141	130	182	157	146	86	183
Operating Profit	27	15	9	20	19	15	24	24	26	18	23	20	7
OPM %	10.61%	8.90%	7.50%	15.87%	11.25%	8.60%	14.67%	15.42%	12.51%	10.46%	13.39%	18.65%	3.58%
	1	2	3	3	2	2	1	2	2	4	12	2	4
Interest	5	4	2	5	6	5	3	5	5	3	1	3	4
Depreciation	6	5	6	6	5	5	5	6	5	5	5	6	5
Profit before Tax	17	7	3	12	10	6	18	15	18	14	28	13	11
Tax %	27.09%	23.02%	18.98%	35.41%	28.69%	21.94%	28.99%	26.71%	26.57%	25.39%	25.91%	28.21%	27.30%
Net Profit	12	6	3	8	7	5	13	11	13	10	21	9	8
	1.32	0.60	0.29	0.83	0.76	0.53	1.37	1.20	1.43	1.14	2.24	1.00	0.85

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	336	463	390	531	503	548	576	657	659	658	640
	290	446	352	481	447	475	526	587	577	572	573
Operating Profit	46	17	38	50	56	73	50	70	82	87	68
OPM %	13.70%	3.72%	9.72%	9.45%	11.05%	13.31%	8.63%	10.61%	12.39%	13.18%	10.55%
	11	37	14	11	5	10	11	8	7	20	21
Interest	10	11	8	18	11	12	14	17	18	12	10
Depreciation	10	13	12	15	15	15	16	23	22	22	22
Profit before Tax	37	29	32	28	34	56	31	39	49	73	65
Tax %	0.35%	35.16%	24.32%	34.20%	23.34%	25.86%	25.91%	28.17%	27.33%	26.38%	26.48%
Net Profit	37	19	24	18	26	41	23	28	36	53	48
EPS	0.00	0.00	0.00	0.00	2.85	4.51	2.52	3.05	3.86	5.81	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	4.44%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 6%
3 Years:: 5%

COMPOUNDED PROFIT GROWTH

10 Years:: 16%
5 Years:: 15%
3 Years:: 32%

STOCK PRICE CAGR

10 Years:: 9%
5 Years:: 4%
3 Years:: -3%
1 Year:: 7%

RETURN ON EQUITY

10 Years:: 23%
5 Years:: 16%
3 Years:: 14%
Last Year:: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	18	18	18	18	18	18	18	18	18	18
	47	66	151	169	195	234	257	285	320	373
	144	100	115	181	205	227	269	270	263	243
Trade Payables	92	110	185	119	176	134	130	155	82	75
	76	25	31	45	37	43	36	62	60	57
Total Liabilities	378	319	500	532	631	656	711	790	743	767
	95	94	153	160	158	159	214	209	205	227
Capital Work in Progress	0	0	7	0	8	0	5	12	7	14
	8	7	15	27	24	30	63	76	74	76
	226	163	266	268	361	383	353	384	367	381
	0	0	0	0	0	0	0	29	8	12
Cash & Bank	11	14	9	4	6	9	6	11	8	6
	37	40	51	72	74	76	69	68	73	51
Total Assets	378	319	500	532	631	656	711	790	743	767

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	13	79	13	2	12	19	84	29	31	89
Cash from Investing	-46	-11	-24	-28	-21	-12	-105	-34	-7	-47
Cash from Financing	43	-58	10	30	16	9	30	7	-28	-44
	2	2	-6	-1	2	3	-3	1	-3	-2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.51	56.51	56.51	56.50	56.51	56.51	56.51	56.51	56.51
	0.19	0.21	0.15	0.13	0.24	0.16	0.11	0.19	0.12
	0.00	0.00	0.00	0.00	0.00	0.55	0.55	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	43.30	43.28	43.34	43.36	43.25	42.77	42.82	43.30	43.37

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Disclosure under SEBI Takeover Regulations

2026-09-09 - K.M.Sugar Mills Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.

2026-09-08

Updates

2026-09-08 - K.M.Sugar Mills Limited has informed the Exchange regarding 'Update'.

2026-09-08

Updates

2026-09-08 - K.M.Sugar Mills Limited has informed the Exchange regarding 'Update'.

2026-08-22

Scheme of Arrangement

2026-08-22 - K.M.Sugar Mills Limited has informed the Exchange about Scheme of Arrangement

2026-08-20

Scheme of Arrangement

2026-08-20 - K.M.Sugar Mills Limited has informed the Exchange about Scheme of Arrangement

2026-08-08

Copy of Newspaper Publication

2026-08-08 - K.M.Sugar Mills Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-07

Outcome of Board Meeting

2026-08-07 - K.M.Sugar Mills Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-28

Change in Director(s)

2026-07-28 - K.M.Sugar Mills Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-07-28

Shareholders meeting

2026-07-28 - K.M.Sugar Mills Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 28, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.

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