Mawana Sugars Limited (MAWANASUG) AI Stock Analysis

• Market Cap: ₹3.40B
• Dividend Yield: 4.8%
• Average Volume (3M): 5.41K
• Price to Earnings (P/E): 3.4
• Beta (1Y): 1.17
• Revenue Growth: 6.31%
• EPS Growth: 161.73%
• Country: IN
• Employees: 1,212
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Confectioners
• EPS (TTM): -4.12
• Shares Outstanding: 39,116,863
• 10 Day Avg. Volume: 4,877
• 30 Day Avg. Volume: 5,409
• PEG Ratio: 0.02
• Price to Book (P/B): 0.72
• Price to Sales (P/S): 0.25
• P/FCF Ratio: 3.85
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹99.00 ▲(18.76% Upside)

Mawana Sugars Limited's overall stock score is driven by strong financial performance and attractive valuation. The company's profitability and cash flow improvements are significant positives, while the low P/E ratio and high dividend yield enhance its appeal. However, technical analysis indicates potential short-term weakness, and high debt levels remain a concern.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Profitability Improvement

Improved profitability margins reflect better cost management and operational efficiency, enhancing financial health.

Cash Flow Turnaround

Strong cash flow turnaround indicates improved cash generation, providing more resources for investment and debt repayment.

Negative Factors

High Debt Levels

High debt levels can limit financial flexibility and increase vulnerability to interest rate changes, affecting long-term stability.

Cash Flow Volatility

Cash flow volatility can impact the company's ability to fund operations consistently, posing risks to financial planning.

Operational Efficiency Volatility

Volatile operational efficiency can lead to unpredictable earnings, affecting investor confidence and long-term planning.

Mawana Sugars Limited Business Overview & Revenue Model

Company Description

Mawana Sugars Limited (MAWANASUG) is a prominent player in the Indian sugar industry, primarily engaged in the production and marketing of sugar and its by-products. The company operates in the agro-industrial sector, focusing on the manufacturing of high-quality sugar, which is distributed across various consumer and industrial segments. Mawana Sugars also produces value-added products such as molasses and ethanol, contributing to its diverse product portfolio and enhancing its market reach.

How the Company Makes Money

Mawana Sugars Limited generates revenue primarily through the sale of sugar, which constitutes its main revenue stream. The company benefits from a vertically integrated business model, allowing it to control various stages of production, from sugarcane cultivation to processing and distribution. Additionally, Mawana Sugars earns income from the sale of by-products like molasses and ethanol, which are used in various industries, including food and beverage, pharmaceuticals, and biofuel. The company's partnerships with local farmers for sugarcane supply and collaborations with distributors enhance its operational efficiency and market access. Seasonal demand fluctuations and government policies related to sugar pricing and export can also significantly impact the company's earnings.

Mawana Sugars Limited Financial Statement Overview

Summary

Mawana Sugars Limited has shown strong financial performance with significant revenue and profitability growth, improved leverage ratios, and strengthened cash flows. However, high debt levels and past cash flow volatility pose some risks.

Income Statement

Mawana Sugars Limited has demonstrated strong revenue growth with a notable increase in total revenue from 2024 to 2025, rising by 7.4%. The gross profit margin improved significantly, reaching 22.7% in 2025 from 17.5% in 2024, indicating better cost management. Net profit margin also saw a substantial rise to 7.5% in 2025 from 2.8% in 2024, reflecting enhanced profitability. The EBITDA margin remained healthy at 9.0% in 2025. However, fluctuations in EBIT margins indicate some volatility in operational efficiency. Overall, the income statement reflects a positive performance with growing profitability and improved margins.

Balance Sheet

The balance sheet of Mawana Sugars Limited shows a moderate financial position. The debt-to-equity ratio decreased to 0.85 in 2025 from 1.38 in 2024, suggesting improved leverage. The equity ratio increased to 44.9%, indicating a stronger equity base, which enhances financial stability. Return on equity saw a significant improvement, reaching 22.3% in 2025, up from 9.2% in 2024, driven by higher net income. Despite these improvements, the company still maintains a considerable level of total debt, which poses some risk.

Cash Flow

Mawana Sugars Limited showed a robust cash flow performance with a positive turnaround in free cash flow, growing substantially from a negative value in 2024 to 924.9 million in 2025. The operating cash flow to net income ratio improved, indicating better cash generation relative to net income. Additionally, the free cash flow to net income ratio highlights an efficient conversion of profits into cash. These improvements suggest strengthened cash flow operations, although past volatility in cash flow remains a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.65B	14.43B	13.55B	14.60B	14.78B	14.02B
Gross Profit	3.15B	3.31B	2.37B	2.22B	2.19B	1.65B
EBITDA	1.78B	1.31B	1.18B	1.03B	785.90M	2.11B
Net Income	1.00B	1.09B	376.50M	261.50M	131.30M	732.70M
Balance Sheet
Total Assets	0.00	10.96B	11.79B	10.51B	10.33B	13.80B
Cash, Cash Equivalents and Short-Term Investments	104.90M	231.40M	100.90M	330.20M	268.30M	898.29M
Total Debt	0.00	4.19B	5.68B	4.17B	3.83B	2.77B
Total Liabilities	-4.92B	6.04B	7.68B	6.67B	6.49B	10.11B
Stockholders Equity	4.92B	4.92B	4.10B	3.84B	3.84B	3.70B
Cash Flow
Free Cash Flow	0.00	924.90M	-1.95B	-1.62B	730.30M	1.35B
Operating Cash Flow	0.00	1.14B	-1.64B	-1.51B	1.08B	1.60B
Investing Cash Flow	0.00	887.90M	46.30M	-132.70M	-386.00M	1.31B
Financing Cash Flow	0.00	-2.06B	1.43B	1.07B	-758.20M	-2.45B

Mawana Sugars Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 83.36
• 50DMA: Negative
• 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:MAWANASUG, the sentiment is Negative. The current price of 83.36 is below the 20-day moving average (MA) of 84.48, below the 50-day MA of 87.12, and below the 200-day MA of 91.35, indicating a bearish trend. The MACD of -1.23 indicates Negative momentum. The RSI at 39.04 is Neutral, neither overbought nor oversold. The STOCH value of 31.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MAWANASUG.

Mawana Sugars Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAWANASUG	69 Neutral	₹3.40B	3.39	―	4.80%	6.31%	161.73%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SAKHTISUG	56 Neutral	₹2.32B	8.62	―	―	1.70%	-71.32%
KCPSUGIND	52 Neutral	₹3.48B	-16.89	―	0.37%	-13.84%	-149.34%
KOTARISUG	49 Neutral	₹2.53B	20.77	―	―	-39.31%	-110.49%
VISHWARAJ	45 Neutral	₹1.72B	-4.79	―	2.86%	-3.45%	-858.71%