Mawana Sugars Limited (MAWANASUG) AI Stock Analysis

• Market Cap: ₹3.62B
• Dividend Yield: 4.29%
• Average Volume (3M): 5.50K
• Price to Earnings (P/E): 3.6
• Beta (1Y): 1.28
• Revenue Growth: 3.16%
• EPS Growth: 106.26%
• Country: IN
• Employees: 1,212
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Food Confectioners
• EPS (TTM): -3.46
• Shares Outstanding: 39,116,863
• 10 Day Avg. Volume: 7,082
• 30 Day Avg. Volume: 5,498
• 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: ₹104.00
• Price Target Upside: 11.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: ₹104.00 ▲(11.13% Upside)

Mawana Sugars Limited's strong financial performance and attractive valuation are the primary drivers of its stock score. The company's improved profitability and cash flow, along with a low P/E ratio and high dividend yield, make it appealing. However, technical indicators suggest mixed market momentum, which slightly tempers the overall score.

Mawana Sugars Limited Business Overview & Revenue Model

Company Description

Mawana Sugars Limited (MAWANASUG) is an Indian company primarily engaged in the manufacturing and sale of sugar and its by-products. The company operates within the agro-industrial sector and is involved in the production of refined and raw sugar, as well as other related products such as molasses and bagasse. Mawana Sugars also has interests in the production of ethanol, leveraging its by-products to tap into the biofuel market.

How the Company Makes Money

Mawana Sugars Limited generates revenue through the sale of sugar, which is its primary product. The company sells both refined and raw sugar to various markets, including domestic and international buyers. In addition to sugar sales, Mawana Sugars capitalizes on by-products such as molasses and bagasse, which are sold to other industries or used in the production of ethanol. The ethanol production allows the company to participate in the growing biofuel market, providing an additional revenue stream. Key factors contributing to its earnings include market demand for sugar, government policies affecting sugar prices, and partnerships with distributors and industrial buyers.

Mawana Sugars Limited Financial Statement Overview

Summary

Mawana Sugars Limited has shown strong financial performance with revenue growth, improved profit margins, and strengthened cash flows. The reduction in debt-to-equity ratio and increase in equity ratio enhance financial stability, although a considerable level of total debt remains a risk.

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 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.52B	14.56B	13.55B	14.78B	14.60B	14.02B
Gross Profit	2.99B	3.31B	2.37B	2.19B	2.22B	1.65B
EBITDA	1.93B	1.31B	1.18B	785.90M	1.03B	2.11B
Net Income	1.09B	1.09B	376.50M	131.30M	261.50M	732.70M
Balance Sheet
Total Assets	10.96B	10.96B	11.79B	10.33B	10.51B	13.80B
Cash, Cash Equivalents and Short-Term Investments	231.40M	231.40M	100.90M	268.30M	330.20M	898.29M
Total Debt	4.19B	4.19B	5.68B	3.83B	4.17B	2.77B
Total Liabilities	6.04B	6.04B	7.68B	6.49B	6.67B	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	730.30M	-1.62B	1.35B
Operating Cash Flow	0.00	1.14B	-1.64B	1.08B	-1.51B	1.60B
Investing Cash Flow	0.00	887.90M	46.30M	-386.00M	-132.70M	1.31B
Financing Cash Flow	0.00	-2.06B	1.43B	-758.20M	1.07B	-2.45B

Mawana Sugars Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 93.58
• 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 Positive. The current price of 93.58 is above the 20-day moving average (MA) of 89.56, below the 50-day MA of 95.01, and below the 200-day MA of 94.29, indicating a neutral trend. The MACD of -0.75 indicates Negative momentum. The RSI at 56.56 is Neutral, neither overbought nor oversold. The STOCH value of 75.02 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAWANASUG	72 Outperform	₹3.62B	3.61		4.29%	3.16%	106.26%
KCPSUGIND	60 Neutral	₹3.90B	25.06		0.58%	-16.94%	-122.97%
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%
RUBFILA	―	₹4.60B	15.87		―	―	―
SAKHTISUG	57 Neutral	₹2.76B	12.86		―	-22.51%	-80.40%
VISHWARAJ	45 Neutral	₹2.12B	―		2.05%	-4.62%	-734.68%

Mawana Sugars Limited Corporate Events

Mawana Sugars Limited Successfully Concludes 61st AGM with All Resolutions Passed

Mawana Sugars Limited announced the successful conclusion of its 61st Annual General Meeting held on June 28, 2025, where all proposed resolutions were passed with the requisite majority. The meeting was conducted through video conferencing, and the results of the e-voting process, both remote and during the AGM, were submitted to the relevant stock exchanges, indicating compliance with regulatory requirements.