Ponni Sugars (Erode) Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Sugar: 76.9% • Cogeneration: 23.1%
AI Sector View
AI GENERATEDFast Moving Consumer Goods
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.
PROS
- Company is almost debt free
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.8
CONS
- Company has a low return on equity of 7.2% over last 3 years
- Company has a low return on capital employed of 10.7%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.49x)
- Operating margins have contracted to 8.6% from 12.8%
- Though reporting repeated profits, the company pays out little dividend (9.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BALRAMCHIN | 692.55 | 39.50 | 14654.18 | 0.51 | 44.15 | -14.40 | 1636.79 | 6.13 | 9.29 | 7.36 |
| EIDPARRY | 720.25 | 27.57 | 12817.26 | 0.00 | 311.50 | -32.93 | 9017.52 | 3.37 | 23.60 | 8.33 |
| TRIVENI | 255.60 | 20.04 | 5632.48 | 1.08 | 3.65 | 73.81 | 1950.14 | -0.22 | 8.92 | 2.94 |
| RENUKA | 24.87 | 0.00 | 5293.55 | 0.00 | -251.50 | 4.59 | 2120.20 | 5.61 | -3.84 | -3.60 |
| BAJAJHIND | 20.95 | 43.28 | 5008.45 | 0.00 | -1847.00 | -961.49 | 11259.70 | 801.92 | 2.86 | -10.64 |
| BANARISUG | 3542.25 | 36.48 | 4441.88 | 0.35 | -10.92 | -171.57 | 172.45 | -58.81 | 9.33 | -3.00 |
| DALMIASUG | 417.25 | 14.27 | 3377.19 | 1.44 | 6.91 | — | 848.19 | -16.48 | 8.38 | 5.10 |
| AVADHSUGAR | 771.95 | 23.43 | 1545.32 | 1.30 | 0.23 | 102.78 | 779.25 | 8.74 | 6.50 | 4.68 |
| GODAVARIB | 235.20 | 5349.60 | 1203.66 | 0.00 | -19.32 | -20.62 | 557.88 | 4.62 | 5.79 | 0.09 |
| UTTAMSUGAR | 280.65 | 12.31 | 1070.35 | 0.89 | 1.30 | -91.05 | 606.37 | -3.56 | 11.62 | 4.32 |
| DHAMPURSUG | 163.65 | 14.97 | 1052.38 | 1.22 | 60.90 | 6592.31 | 7861.70 | 961.42 | 6.63 | 3.98 |
| PONNIERODE | 364.70 | 6.34 | 313.58 | 1.37 | -12.30 | -358.96 | 918.70 | 1421.78 | 16.51 | -1.94 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 98 | 128 | 124 | 71 | 55 | 95 | 116 | 94 | 60 | 114 | 151 | 90 | 92 | |
| 98 | 110 | 110 | 61 | 57 | 82 | 112 | 83 | 69 | 96 | 142 | 72 | 97 | |
| Operating Profit | 0 | 18 | 15 | 10 | -2 | 13 | 4 | 12 | -9 | 17 | 9 | 18 | -5 |
| OPM % | 0.14% | 14.13% | 11.95% | 14.00% | -4.40% | 13.36% | 3.59% | 12.54% | -14.49% | 15.20% | 6.15% | 19.98% | -5.07% |
| 10 | 2 | 2 | 4 | 6 | 4 | 1 | 2 | 8 | 2 | 4 | 52 | 3 | |
| Interest | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before Tax | 8 | 18 | 15 | 12 | 1 | 14 | 3 | 11 | -3 | 17 | 10 | 66 | -2 |
| Tax % | 12.83% | 16.30% | 20.69% | -16.39% | 12.90% | 16.33% | 7.66% | 57.74% | 14.65% | 14.55% | 7.79% | 59.62% | 19.61% |
| Net Profit | 7 | 15 | 12 | 14 | 1 | 12 | 2 | 5 | -3 | 15 | 9 | 27 | -1 |
| 7.74 | 17.43 | 13.55 | 15.77 | 0.94 | 13.41 | 2.80 | 5.27 | -3.12 | 16.93 | 11.01 | 31.02 | -1.43 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 251 | 196 | 185 | 310 | 256 | 288 | 435 | 421 | 359 | 415 | 446 | |
| 213 | 176 | 165 | 269 | 226 | 253 | 397 | 378 | 333 | 379 | 407 | |
| Operating Profit | 38 | 20 | 20 | 41 | 30 | 36 | 38 | 43 | 26 | 36 | 40 |
| OPM % | 15.17% | 10.25% | 10.61% | 13.33% | 11.76% | 12.33% | 8.83% | 10.22% | 7.29% | 8.61% | 8.92% |
| -5 | -9 | 2 | 5 | 6 | 7 | 17 | 18 | 12 | 66 | 61 | |
| Interest | 5 | 2 | 3 | 3 | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 6 | 6 | 6 | 7 | 7 | 6 | 8 | 9 | 10 | 11 | 11 |
| Profit before Tax | 22 | 4 | 12 | 36 | 29 | 36 | 48 | 52 | 28 | 90 | 92 |
| Tax % | 28.22% | 12.11% | 29.75% | 13.79% | 10.25% | 18.68% | 19.49% | 9.69% | 31.24% | 46.78% | 46.14% |
| Net Profit | 16 | 3 | 8 | 31 | 26 | 29 | 38 | 47 | 19 | 48 | 49 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 29.84 | 34.01 | 44.58 | 54.49 | 22.42 | 55.85 | — |
| Dividend Payout % | 13.51% | 25.75% | 20.40% | 11.12% | 16.76% | 16.17% | 14.58% | 12.85% | 13.38% | 8.95% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 10%
- 3 Years:
- -2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 38%
- 5 Years:
- 13%
- 3 Years:
- 8%
STOCK PRICE CAGR
- 10 Years:
- 6%
- 5 Years:
- 10%
- 3 Years:
- -3%
- 1 Year:
- 26%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 8%
- 3 Years:
- 7%
- Last Year:
- 9%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| 248 | 264 | 284 | 239 | 318 | 360 | 444 | 543 | 524 | 560 | |
| 49 | 2 | 35 | 17 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 15 | 37 | 36 | 28 | 36 | 33 | 37 | 23 | 16 | 22 |
| 18 | 17 | 27 | 23 | 14 | 17 | 24 | 30 | 32 | 62 | |
| Total Liabilities | 338 | 328 | 391 | 315 | 376 | 419 | 515 | 605 | 580 | 652 |
| 118 | 120 | 114 | 109 | 104 | 112 | 118 | 123 | 130 | 143 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 4 | 1 | 2 | 11 | 2 |
| 141 | 156 | 169 | 95 | 151 | 170 | 225 | 290 | 255 | 244 | |
| 49 | 31 | 64 | 38 | 52 | 71 | 83 | 93 | 115 | 129 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34 | 31 | 22 | |
| Cash & Bank | 2 | 1 | 4 | 1 | 23 | 10 | 32 | 41 | 26 | 48 |
| 28 | 21 | 40 | 73 | 46 | 52 | 56 | 22 | 11 | 64 | |
| Total Assets | 338 | 328 | 391 | 315 | 376 | 419 | 515 | 605 | 580 | 652 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 40 | 52 | -21 | 21 | 34 | 16 | 20 | 16 | 10 | 31 | |
| Cash from Investing | -0 | -5 | 2 | 1 | 3 | -13 | 1 | -12 | -5 | -31 |
| Cash from Financing | -34 | -46 | 23 | -19 | -24 | -4 | -5 | -6 | -6 | -3 |
| 1 | -1 | 3 | -3 | 7 | -6 | 7 | -2 | -1 | -4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-07-25 - Ponni Sugars (Erode) Limited has informed the Exchange about Copy of Newspaper Publication of Q1 results for FY 2026-27
2026-07-24 - Ponni Sugars (Erode) Limited has submitted to the Exchange, the Unaudited Financial Results for the quarter ended Jun 30, 2026.
2026-07-21 - Ponni Sugars (Erode) Limited has informed the Exchange about Copy of Newspaper Publication regarding opening of special one-year window for transfer and demat of physical securities
2026-07-03 - Ponni Sugars (Erode) Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th June 2026.
2026-07-01 - Ponni Sugars (Erode) Limited has informed the Exchange regarding 'Intimation to holders of physical securities'.
2026-06-26 - Ponni Sugars (Erode) Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-06-24 - Ponni Sugars (Erode) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 24, 2026. Further, the company has informed the Exchange regarding voting results.
2026-06-24 - Ponni Sugars (Erode) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 24, 2026
2026-05-29 - Ponni Sugars (Erode) Limited has informed the Exchange about Copy of Newspaper Publication regarding Annual Report 2025-26
News
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