Sakthi Sugars Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Sugar: 67.9% • Industrial Alcohol: 19.5% • Power: 12.6%
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 has a good return on equity (ROE) track record: 3 Years ROE 97.1%
- Company has a healthy return on capital (ROCE) of 20.8%
- Company generates healthy free cash flow
CONS
- Company has a high debt-to-equity of 3.15x
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (226.7% of PBT)
- Recent results are weak - TTM profit is down 43.9% versus prior year
- Interest coverage is weak at 1.4x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BALRAMCHIN | 699.20 | 39.87 | 14794.90 | 0.50 | 44.15 | -14.40 | 1636.79 | 6.13 | 9.29 | 7.36 |
| EIDPARRY | 756.00 | 28.94 | 13453.45 | 0.00 | 311.50 | -32.93 | 9017.52 | 3.37 | 23.60 | 8.33 |
| TRIVENI | 268.90 | 21.08 | 5925.56 | 1.02 | 3.65 | 73.81 | 1950.14 | -0.22 | 8.92 | 2.94 |
| RENUKA | 24.36 | 0.00 | 5185.00 | 0.00 | -251.50 | 4.59 | 2120.20 | 5.61 | -3.84 | -3.60 |
| BAJAJHIND | 21.37 | 44.14 | 5108.85 | 0.00 | -1847.00 | -961.49 | 11259.70 | 801.92 | 2.86 | -10.64 |
| BANARISUG | 3682.15 | 37.92 | 4617.31 | 0.34 | -10.92 | -171.57 | 172.45 | -58.81 | 9.33 | -3.00 |
| DALMIASUG | 432.85 | 14.80 | 3503.46 | 1.39 | 6.91 | — | 848.19 | -16.48 | 8.38 | 5.10 |
| AVADHSUGAR | 821.70 | 24.94 | 1644.91 | 1.22 | 2.34 | 127.81 | 7792.51 | 987.42 | 6.50 | 4.68 |
| GODAVARIB | 238.95 | 5434.89 | 1222.85 | 0.00 | -19.32 | -20.62 | 557.88 | 4.62 | 5.79 | 0.09 |
| DHAMPURSUG | 170.85 | 15.63 | 1098.68 | 1.17 | 60.90 | 6592.31 | 7861.70 | 961.42 | 6.63 | 3.98 |
| UTTAMSUGAR | 282.65 | 12.40 | 1077.97 | 0.88 | 1.30 | -91.05 | 606.37 | -3.56 | 11.62 | 4.32 |
| SAKHTISUG | 19.54 | 8.47 | 232.23 | 0.00 | -18.29 | -1561.22 | 3769.10 | 1146.30 | 14.16 | 7.09 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 373 | 243 | 155 | 299 | 394 | 73 | 140 | 322 | 302 | 168 | 126 | 302 | 377 | |
| 334 | 234 | 172 | 255 | 328 | 96 | 159 | 259 | 273 | 169 | 137 | 232 | 384 | |
| Operating Profit | 39 | 9 | -17 | 43 | 65 | -22 | -19 | 63 | 29 | -0 | -11 | 70 | -7 |
| OPM % | 10.44% | 3.78% | -11.23% | 14.52% | 16.61% | -30.36% | -13.81% | 19.45% | 9.71% | -0.20% | -8.44% | 23.10% | -1.82% |
| 110 | 2 | 3 | 123 | 38 | 7 | 9 | 49 | 4 | 1 | 1 | 80 | 4 | |
| Interest | 26 | 26 | 31 | 26 | 27 | 23 | 28 | 26 | 25 | 24 | 26 | 23 | 24 |
| Depreciation | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 10 | 10 | 9 | 9 |
| Profit before Tax | 113 | -24 | -55 | 131 | 67 | -48 | -48 | 76 | -2 | -32 | -45 | 117 | -2 |
| Tax % | 27.20% | 37.19% | 24.71% | 27.32% | 13.27% | 39.70% | 52.09% | 2.93% | 42.11% | 28.12% | 24.37% | 26.26% | 24.11% |
| Net Profit | 83 | -15 | -41 | 96 | 58 | -29 | -23 | 74 | -1 | -23 | -34 | 86 | -2 |
| 6.95 | -1.25 | -3.59 | 8.04 | 4.87 | -2.44 | -1.94 | 6.23 | -0.09 | -1.94 | -2.88 | 7.28 | -0.15 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 926 | 529 | 505 | 803 | 633 | 432 | 1,076 | 1,069 | 929 | 899 | 973 | |
| 813 | 567 | 561 | 881 | 624 | 417 | 982 | 995 | 842 | 811 | 922 | |
| Operating Profit | 114 | -38 | -56 | -78 | 10 | 15 | 94 | 74 | 87 | 88 | 52 |
| OPM % | 12.28% | -7.25% | -11.05% | -9.69% | 1.55% | 3.51% | 8.69% | 6.94% | 9.36% | 9.82% | 5.33% |
| 127 | -11 | 100 | 121 | 122 | 85 | 425 | 238 | 103 | 86 | 87 | |
| Interest | 140 | 150 | 260 | 202 | 197 | 234 | 108 | 109 | 106 | 99 | 97 |
| Depreciation | 57 | 53 | 52 | 49 | 39 | 46 | 37 | 37 | 37 | 38 | 38 |
| Profit before Tax | 43 | -252 | -267 | -208 | -104 | -179 | 374 | 166 | 47 | 38 | 38 |
| Tax % | 29.67% | 29.78% | 19.77% | 1.16% | -12.32% | -0.24% | -0.60% | 26.72% | -70.36% | 26.18% | 27.10% |
| Net Profit | 30 | -177 | -214 | -206 | -116 | -180 | 376 | 122 | 80 | 28 | 27 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -9.78 | -12.64 | 35.16 | 10.25 | 6.73 | 2.37 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 1%
- 5 Years:
- 7%
- 3 Years:
- -6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- -58%
STOCK PRICE CAGR
- 10 Years:
- -7%
- 5 Years:
- 5%
- 3 Years:
- -17%
- 1 Year:
- -14%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 58%
- 3 Years:
- 97%
- Last Year:
- 13%
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 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 |
| 317 | 140 | -74 | -279 | -397 | -547 | -130 | -1 | 80 | 109 | |
| 674 | 573 | 857 | 803 | 869 | 940 | 840 | 710 | 712 | 655 | |
| Trade Payables | 248 | 250 | 260 | 276 | 220 | 47 | 108 | 132 | 81 | 110 |
| 638 | 777 | 718 | 902 | 1,002 | 1,254 | 729 | 588 | 539 | 445 | |
| Total Liabilities | 1,996 | 1,859 | 1,880 | 1,820 | 1,812 | 1,812 | 1,666 | 1,548 | 1,531 | 1,438 |
| 1,354 | 1,239 | 1,189 | 994 | 957 | 824 | 794 | 768 | 767 | 748 | |
| Capital Work in Progress | 32 | 32 | 0 | 0 | 1 | 1 | 34 | 32 | 32 | 33 |
| 191 | 18 | 13 | 17 | 20 | 17 | 170 | 165 | 213 | 246 | |
| 109 | 108 | 113 | 68 | 80 | 41 | 56 | 75 | 58 | 121 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 16 | 2 | |
| Cash & Bank | 18 | 16 | 13 | 9 | 4 | 9 | 6 | 6 | 6 | 6 |
| 292 | 445 | 552 | 733 | 751 | 921 | 606 | 494 | 439 | 282 | |
| Total Assets | 1,996 | 1,859 | 1,880 | 1,820 | 1,812 | 1,812 | 1,666 | 1,548 | 1,531 | 1,438 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 165 | -41 | 38 | 47 | 32 | 37 | 108 | 114 | 41 | -4 | |
| Cash from Investing | 83 | 86 | 23 | 6 | 0 | 9 | 121 | 51 | 23 | -17 |
| Cash from Financing | -250 | -45 | -62 | -58 | -37 | -32 | -238 | -165 | -64 | 21 |
| -2 | -2 | -3 | -4 | -5 | 13 | -11 | -0 | -1 | 0 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-29 - Sakthi Sugars Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-28 - Sakthi Sugars Limited has informed the Exchange about General Updates
2026-08-28 - Sakthi Sugars Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026
2026-08-27 - Sakthi Sugars Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-14 - Sakthi Sugars Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-14 - Sakthi Sugars Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-13 - Sakthi Sugars Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026
2026-08-13 - Sakthi Sugars Limited has informed the Exchange regarding Change in Auditors of the company.
2026-08-13 - Sakthi Sugars Limited has informed the Exchange about change in Management
News
Recent coverage and analyst commentary for SAKHTISUG
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Sakthi Sugars Ltd.
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