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

• Market Cap: ₹2.52B
• Dividend Yield: N/A
• Average Volume (3M): 10.24K
• Price to Earnings (P/E): 5.3
• Beta (1Y): 1.15
• Revenue Growth: 21.76%
• EPS Growth: 113.02%
• Country: IN
• Employees: 373
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Confectioners
• EPS (TTM): 1.14
• Shares Outstanding: 92,000,170
• 10 Day Avg. Volume: 8,145
• 30 Day Avg. Volume: 10,242
• PEG Ratio: 0.27
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 0.39
• P/FCF Ratio: 15.94
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ₹30.00 ▲(8.03% Upside)

K.M. Sugar Mills Ltd. demonstrates strong financial performance, which is the most significant factor in its overall score. However, technical indicators suggest bearish momentum, which negatively impacts the stock's attractiveness. The valuation is favorable, but the lack of dividend yield is a minor drawback.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market presence and effective sales strategies, supporting long-term business sustainability.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, enabling strategic investments and reducing reliance on external financing.

Profit Margins

Improved profit margins reflect effective cost control and pricing strategies, contributing to sustained profitability and competitive advantage.

Negative Factors

Moderate Leverage

While leverage is balanced, reliance on liabilities requires careful management to ensure financial stability and mitigate risk.

Dividend Yield

Lack of dividend payments may deter income-seeking investors, potentially affecting stock demand and investor base diversity.

Technical Indicators

Bearish technical indicators may reflect underlying market concerns, potentially impacting investor sentiment and stock performance.

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

Company Description

K.M. Sugar Mills Limited manufactures and trades in sugar and industrial alcohol in India. The company operates through three segments: Sugar, Distillery, and Co-generation. It produces and sells various grades of sugar in jute bags and PP bags; rectified spirit, sanitizers, ethanol, and extra neutral alcohol; and bio fertilizers under the name Moti Super. The company also generates and supplies power through its bagasse based co-generation power plant with a capacity of 25 MW located in Motinagar, Faizabad, as well as supplies country liquor in pet bottles. K.M. Sugar Mills Limited was founded in 1942 and is based in Faizabad, India.

How the Company Makes Money

K.M. Sugar Mills Ltd. generates revenue primarily through the sale of sugar, which is its core product. The company benefits from a diversified revenue model that includes the sale of by-products such as molasses, which is used in the production of alcohol and animal feed, and bagasse, which is utilized for energy generation and as a raw material in paper production. Additionally, KMSUGAR may engage in export activities, selling sugar to international markets, which contributes to its earnings. The company also potentially benefits from government subsidies and incentives related to sugar production and renewable energy initiatives. Strategic partnerships with local farmers and cooperative societies for sugarcane supply further enhance its operational efficiency and profitability.

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	6.98B	6.59B	6.57B	5.76B	5.48B	4.83B
Gross Profit	2.21B	2.12B	1.65B	1.28B	1.38B	1.12B
EBITDA	963.50M	890.60M	782.46M	610.58M	821.85M	589.95M
Net Income	416.70M	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	114.10M	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	-3.39B	3.91B	4.76B	4.28B	3.90B	4.11B
Stockholders Equity	3.39B	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: 27.77
• 50DMA: Positive
• 100DMA: Negative
• 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 27.77 is above the 20-day moving average (MA) of 27.12, above the 50-day MA of 27.21, and below the 200-day MA of 28.05, indicating a neutral trend. The MACD of 0.12 indicates Negative momentum. The RSI at 54.00 is Neutral, neither overbought nor oversold. The STOCH value of 33.55 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	67 Neutral	₹2.52B	5.33	―	―	21.76%	113.02%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
PONNIERODE	56 Neutral	₹2.27B	12.04	―	1.13%	―	―
SAKHTISUG	56 Neutral	₹2.16B	8.04	―	―	1.70%	-71.32%
RAJSREESUG	52 Neutral	₹1.07B	-3.57	―	―	-27.56%	-734.03%
KOTARISUG	49 Neutral	₹2.22B	-174.58	―	―	-39.31%	-110.49%
PRUDMOULI	47 Neutral	₹663.75M	13.04	―	―	―	―

K.M. Sugar Mills Ltd. Corporate Events

K.M. Sugar Mills Confirms SEBI Compliance on Dematerialisation for December Quarter

K.M. Sugar Mills Ltd. has notified the stock exchanges that it has received a confirmation certificate from its registrar and transfer agent, MUFG Intime India Private Limited, for the quarter ended 31 December 2025, affirming compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The registrar confirmed that securities submitted for dematerialisation during the quarter were duly processed, listed in line with existing securities, and that corresponding physical certificates were verified, cancelled, and updated in the company’s register of members within prescribed timelines, underscoring the company’s adherence to regulatory requirements in handling its share capital.