K.M. Sugar Mills Ltd. (KMSUGAR) AI Stock Analysis

• Market Cap: ₹2.64B
• Dividend Yield: N/A
• Average Volume (3M): 28.19K
• Price to Earnings (P/E): 6.3
• Beta (1Y): 1.02
• Revenue Growth: 21.24%
• EPS Growth: 81.80%
• Country: IN
• Employees: 373
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Food Confectioners
• EPS (TTM): 1.43
• Shares Outstanding: 92,000,170
• 10 Day Avg. Volume: 22,986
• 30 Day Avg. Volume: 28,191
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹33.00
• Price Target Upside: 15.18% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 76 Outperform
• Price Target: ₹33.00 ▲(15.18% Upside)

K.M. Sugar Mills Ltd. demonstrates strong financial performance with significant revenue growth and profitability. The technical indicators support a positive trend, and the stock's valuation suggests it is undervalued, providing a compelling investment opportunity.

K.M. Sugar Mills Ltd. Business Overview & Revenue Model

Company Description

K.M. Sugar Mills Ltd. (KMSUGAR) is an Indian-based company engaged in the manufacturing and marketing of sugar and its by-products. The company operates within the sugar industry, producing white crystal sugar and refined sugar, along with associated by-products like molasses and bagasse. K.M. Sugar Mills Ltd. is recognized for its quality products and has established a significant presence in the domestic market with a growing export portfolio.

How the Company Makes Money

K.M. Sugar Mills Ltd. generates revenue primarily through the sale of sugar and its by-products. The company's core revenue stream is the production and sale of white crystal sugar, which is sold in bulk to various industries and retail consumers. Additionally, KMSUGAR capitalizes on its by-products; molasses is used in the production of ethanol and spirits, while bagasse is often sold as a biofuel or used internally to generate power for the mills. The company may also engage in forward contracts and price hedging to manage sugar prices, ensuring stable revenue streams. Strategic partnerships with agricultural suppliers and ethanol manufacturers can further enhance revenue by optimizing production costs and expanding market access.

K.M. Sugar Mills Ltd. Financial Statement Overview

Summary

K.M. Sugar Mills Ltd. shows strong financial performance with consistent revenue growth, improved profit margins, and robust cash flow generation. The balance sheet indicates moderate leverage, but overall financial management is effective.

Income Statement

K.M. Sugar Mills Ltd. has demonstrated consistent revenue growth over the past years, with a notable increase from INR 4,828.65 million in 2021 to INR 6,590.10 million in 2025. The gross profit margin has improved significantly, indicating efficient cost management. Furthermore, the net profit margin has shown an upward trend, reflecting strong profitability. The EBIT and EBITDA margins have also strengthened, suggesting robust operational performance.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. The return on equity has been consistently positive, showcasing effective use of shareholders' funds to generate profits. However, the equity ratio reveals a moderate reliance on liabilities, which should be monitored to ensure financial stability.

Cash Flow

K.M. Sugar Mills Ltd. has achieved substantial growth in free cash flow, indicative of improved cash efficiency and potential for reinvestment or debt reduction. The operating cash flow to net income ratio is healthy, reflecting a strong cash conversion cycle. The free cash flow to net income ratio has also improved, confirming effective cash generation relative to net earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.29B	6.59B	6.57B	5.67B	5.45B	4.83B
Gross Profit	1.86B	2.12B	1.65B	1.28B	1.38B	1.12B
EBITDA	850.59M	890.60M	782.46M	610.58M	821.85M	589.95M
Net Income	321.53M	355.50M	280.93M	232.15M	414.69M	262.42M
Balance Sheet
Total Assets	0.00	7.30B	7.79B	7.03B	6.43B	6.25B
Cash, Cash Equivalents and Short-Term Investments	47.10M	114.30M	75.37M	61.55M	89.40M	56.72M
Total Debt	0.00	2.82B	2.91B	2.68B	2.24B	2.01B
Total Liabilities	-3.15B	3.91B	4.76B	4.28B	3.90B	4.11B
Stockholders Equity	3.15B	3.39B	3.03B	2.75B	2.52B	2.13B
Cash Flow
Free Cash Flow	0.00	159.60M	29.23M	-28.80M	-28.06M	-138.74M
Operating Cash Flow	0.00	313.30M	287.61M	730.48M	53.21M	70.69M
Investing Cash Flow	0.00	-72.20M	-341.55M	-1.05B	-116.99M	-209.65M
Financing Cash Flow	0.00	-275.30M	68.06M	298.11M	93.97M	155.37M

K.M. Sugar Mills Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 28.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KMSUGAR, the sentiment is Positive. The current price of 28.65 is above the 20-day moving average (MA) of 28.35, above the 50-day MA of 28.21, and below the 200-day MA of 29.54, indicating a neutral trend. The MACD of 0.15 indicates Negative momentum. The RSI at 53.70 is Neutral, neither overbought nor oversold. The STOCH value of 55.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KMSUGAR.

K.M. Sugar Mills Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KMSUGAR	76 Outperform	₹2.64B	6.33		―	21.24%	81.80%
KOTARISUG	60 Neutral	₹2.68B	21.93		3.32%	-33.14%	10.36%
Sector *	57 Neutral	$3.18B	7.69	-34.32%	3.09%	-25.56%	-353.61%
PONNIERODE	―	₹2.59B	16.25		1.02%	―	―
PRUDMOULI	―	₹1.23B	21.16		―	―	―
SAKHTISUG	57 Neutral	₹2.69B	12.83		―	-22.51%	-80.40%
RAJSREESUG	53 Neutral	₹1.48B	16.26		―	-30.06%	-207.41%