Mawana Sugars Limited (IN:MAWANASUG)
:MAWANASUG
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Mawana Sugars Limited
(MAWANASUG)
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Rating:71Outperform
Price Target:
₹110.00
▲(31.48% Upside)
Action:ReiteratedDate:04/07/26
The score is driven primarily by improving financial performance (stronger margins and free-cash-flow generation) and supportive technical strength (price above major moving averages, positive MACD). Offsetting factors include overbought momentum signals (RSI/Stoch) and a valuation that is only moderate given the ~22.4 P/E despite a ~4% dividend yield.
Positive Factors
Free Cash Flow Recovery
A swing to positive free cash flow (924.9m) reflects stronger conversion of profits into cash and healthier operating cash flow vs. net income. Durable FCF improves funding for maintenance capex, working capital needs and debt servicing, reducing refinancing risk over the medium term.
Negative Factors
Residual Debt Burden
Although leverage improved, the company retains significant total debt. Persistent debt levels can constrain strategic choices, increase interest expense sensitivity to rates, and amplify vulnerability to seasonal cash shortfalls during weak cane harvests or lower sugar realizations.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Recovery
A swing to positive free cash flow (924.9m) reflects stronger conversion of profits into cash and healthier operating cash flow vs. net income. Durable FCF improves funding for maintenance capex, working capital needs and debt servicing, reducing refinancing risk over the medium term.
Read all positive factors
Mawana Sugars Limited (MAWANASUG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.07B
Dividend Yield4.69%
Average Volume (3M)5.41K
Price to Earnings (P/E)22.4
Beta (1Y)1.09
Revenue Growth7.97%
EPS Growth-62.11%
CountryIN
Employees1,212
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)1.00
Shares Outstanding39,116,863
10 Day Avg. Volume4,877
30 Day Avg. Volume5,409
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.72
Price to Sales (P/S)0.25
P/FCF Ratio3.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mawana Sugars Limited Business Overview & Revenue Model
Company Description
Mawana Sugars Limited manufactures and markets sugar under the Mawana brand in India and internationally. The company operates through Sugar, Power, and Distillery segments. It produces plantation white, refined, and specialty sugars, as well as I...
How the Company Makes Money
Mawana Sugars makes money primarily by converting sugarcane into saleable products and monetizing multiple outputs from the same production chain. Key revenue streams generally include: (1) Sugar sales: revenue from producing and selling refined/w...
Mawana Sugars Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
65
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.12B | 14.43B | 13.55B | 14.78B | 14.02B | 10.95B |
| Gross Profit | 3.17B | 3.31B | 2.37B | 2.19B | 1.65B | 1.11B |
| EBITDA | 1.77B | 1.31B | 1.18B | 785.90M | 2.11B | 705.00M |
| Net Income | 1.05B | 1.09B | 376.50M | 131.30M | 732.70M | -829.02M |
Balance Sheet | ||||||
| Total Assets | 5.67B | 10.96B | 11.79B | 10.33B | 13.80B | 14.74B |
| Cash, Cash Equivalents and Short-Term Investments | 234.20M | 231.40M | 100.90M | 268.30M | 898.29M | 471.72M |
| Total Debt | 87.60M | 4.19B | 5.68B | 3.83B | 2.77B | 4.88B |
| Total Liabilities | 1.08B | 6.04B | 7.68B | 6.49B | 10.11B | 11.77B |
| Stockholders Equity | 4.58B | 4.92B | 4.10B | 3.84B | 3.70B | 2.96B |
Cash Flow | ||||||
| Free Cash Flow | 4.21B | 924.90M | -1.95B | 730.30M | 1.35B | -1.82B |
| Operating Cash Flow | 4.40B | 1.14B | -1.64B | 1.08B | 1.60B | -1.39B |
| Investing Cash Flow | -184.80M | 887.90M | 46.30M | -386.00M | 1.31B | -419.51M |
| Financing Cash Flow | -4.30B | -2.06B | 1.43B | -758.20M | -2.45B | 1.95B |
Mawana Sugars Limited Technical Analysis
Positive
83.66
Price Trends
83.91
Positive
83.77
Positive
87.80
Positive
Market Momentum
5.49
Negative
71.46
Negative
74.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAWANASUG, the sentiment is Positive. The current price of 83.66 is below the 20-day moving average (MA) of 90.81, below the 50-day MA of 83.91, and below the 200-day MA of 87.80, indicating a bullish trend. The MACD of 5.49 indicates Negative momentum. The RSI at 71.46 is Negative, neither overbought nor oversold. The STOCH value of 74.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MAWANASUG.
Mawana Sugars Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹4.07B | 22.43 | ― | 4.69% | 7.97% | -62.11% | |
67 Neutral | ₹2.70B | 3.04 | ― | ― | 12.24% | 71.82% | |
66 Neutral | ₹5.16B | 11.08 | ― | 1.19% | -16.11% | -57.92% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | ₹5.23B | 50.57 | ― | ― | -4.42% | -49.64% | |
54 Neutral | ₹4.78B | 8.79 | ― | 0.60% | 35.28% | ― | |
52 Neutral | ₹2.98B | 10.94 | ― | 0.38% | -20.31% | -91.52% |
* Consumer Defensive Sector Average
IN:MAWANASUG
Mawana Sugars Limited
104.11
16.42
18.73%
IN:DAVANGERE
Davangere Sugar Company Limited
3.66
-0.05
-1.35%
IN:DCMSRIND
DCM Shriram Industries Limited
39.50
-17.44
-30.63%
IN:KCPSUGIND
KCP Sugar & Industries Corp. Ltd.
26.24
-8.92
-25.37%
IN:KMSUGAR
K.M. Sugar Mills Ltd.
29.32
2.14
7.87%
IN:UGARSUGAR
Ugar Sugar Works Ltd
42.49
-0.43
-1.00%
Mawana Sugars Limited Corporate Events
Mawana Sugars Publishes NCLT Hearing Notice on Amalgamation With Mawana Foods
Mar 21, 2026
Mawana Sugars Limited has notified the exchanges that, following an order of the National Company Law Tribunal in New Delhi, it has published newspaper advertisements regarding a proposed Scheme of Amalgamation between Mawana Foods Private Limited...
NCLT Admits Second Motion for Mawana Sugars–Mawana Foods Amalgamation
Mar 20, 2026
Mawana Sugars Limited announced that the National Company Law Tribunal, New Delhi Bench, has admitted the second motion petition for the proposed Scheme of Amalgamation between Mawana Foods Private Limited and Mawana Sugars Limited. The tribunal&#...
Mawana Sugars Unit Penalised for Low Alcohol Recovery by UP Excise Authority
Feb 23, 2026
Mawana Sugars Limited disclosed that its Nanglamal Sugar Complex distillery unit has received a communication from the Office of the Additional Excise Commissioner (Administration), Uttar Pradesh, alleging that the recovery percentage of alcohol f...
Mawana Sugars Shareholders Clear Amalgamation With Mawana Foods
Feb 21, 2026
Mawana Sugars Limited reported that its equity shareholders, meeting as directed by the National Company Law Tribunal (NCLT), approved a scheme of amalgamation of Mawana Foods Private Limited into Mawana Sugars. The meeting, held via video confere...
Mawana Sugars’ Unsecured Creditors Approve Amalgamation With Mawana Foods
Feb 21, 2026
Mawana Sugars Limited convened a National Company Law Tribunal-directed meeting of its unsecured creditors on February 21, 2026, conducted via video conferencing to consider a proposed scheme of amalgamation. The meeting was duly constituted with ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.