Rana Sugars Limited (IN:RANASUG)
:RANASUG
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Rana Sugars Limited
(RANASUG)
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Rating:52Neutral
Price Target:
₹12.50
▲(0.16% Upside)
Action:Downgraded
Date:05/31/26
The score is held back primarily by weaker financial quality (sharp FY2026 margin/return deterioration) and soft technical momentum (negative MACD and price below key moving averages). A low P/E provides valuation support, while improved leverage and better FY2026 cash generation partially offset the profitability concerns.
Positive Factors
Improving leverage
Lower debt-to-equity across recent years strengthens the balance sheet and reduces interest burden. This durable improvement boosts financial flexibility to withstand cyclical sugar prices, supports capex or ethanol expansion, and lowers refinancing risk over the next several quarters.
Negative Factors
Sharp margin compression
Significant erosion in gross and operating margins signals structural pressure from input costs, pricing or product mix. Persistently thin EBIT margin undermines earning power and limits room to absorb cyclical downturns or invest in downstream/ethanol expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Lower debt-to-equity across recent years strengthens the balance sheet and reduces interest burden. This durable improvement boosts financial flexibility to withstand cyclical sugar prices, supports capex or ethanol expansion, and lowers refinancing risk over the next several quarters.
Read all positive factors
Rana Sugars Limited (RANASUG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.98B
Dividend YieldN/A
Average Volume (3M)10.69K
Price to Earnings (P/E)8.3
Beta (1Y)1.03
Revenue Growth1.79%
EPS Growth-41.98%
CountryIN
Employees1,302
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)2.42
Shares Outstanding153,567,830
10 Day Avg. Volume14,769
30 Day Avg. Volume10,693
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)0.30
Price to Sales (P/S)0.10
P/FCF Ratio3.02
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
Rana Sugars Limited Business Overview & Revenue Model
Company Description
Operating in India, Rana Sugars Limited is primarily engaged in the production of sugar and ethanol, alongside the co-generation of power. Its business is organized into three distinct segments: Sugar Manufacturing, Ethanol Manufacturing, and Powe...
How the Company Makes Money
Rana Sugars Limited earns revenue mainly by converting sugarcane into saleable products across an integrated value chain. (1) Sugar sales: The core revenue stream is the sale of sugar produced from crushed sugarcane to institutional buyers (such a...
Rana Sugars Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
60
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.41B | 17.43B | 17.13B | 15.93B | 16.27B | 14.00B |
| Gross Profit | 3.35B | 2.70B | 2.78B | 3.35B | 3.65B | 1.97B |
| EBITDA | 987.08M | 406.95M | 1.05B | 962.79M | 1.37B | 1.66B |
| Net Income | 373.38M | 238.14M | 343.83M | 279.67M | 633.96M | 852.15M |
Balance Sheet | ||||||
| Total Assets | 11.22B | 13.18B | 15.22B | 15.03B | 14.62B | 12.90B |
| Cash, Cash Equivalents and Short-Term Investments | 201.86M | 461.86M | 540.27M | 305.61M | 470.20M | 330.01M |
| Total Debt | 2.41B | 3.21B | 4.07B | 4.15B | 3.83B | 1.72B |
| Total Liabilities | 5.64B | 7.18B | 9.44B | 9.63B | 9.49B | 8.41B |
| Stockholders Equity | 5.59B | 6.00B | 5.75B | 5.40B | 5.12B | 4.49B |
Cash Flow | ||||||
| Free Cash Flow | 1.38B | 600.27M | 151.02M | -406.76M | -1.47B | -140.97M |
| Operating Cash Flow | 1.43B | 713.58M | 331.11M | 442.80M | -837.87M | 915.92M |
| Investing Cash Flow | 41.00M | 102.99M | 3.38M | -512.58M | -981.45M | -1.23B |
| Financing Cash Flow | -1.81B | -894.98M | -112.15M | 83.97M | 1.70B | -28.60M |
Rana Sugars Limited Technical Analysis
Positive
12.48
Price Trends
13.15
Negative
12.22
Positive
12.97
Negative
Market Momentum
-0.04
Negative
51.67
Neutral
69.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RANASUG, the sentiment is Positive. The current price of 12.48 is below the 20-day moving average (MA) of 12.65, below the 50-day MA of 13.15, and below the 200-day MA of 12.97, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 51.67 is Neutral, neither overbought nor oversold. The STOCH value of 69.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RANASUG.
Rana Sugars Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹2.74B | 5.70 | ― | 1.13% | 15.45% | 149.12% | |
63 Neutral | ₹2.49B | 4.70 | ― | ― | -0.10% | 50.16% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
54 Neutral | ₹2.17B | 31.32 | ― | ― | -20.40% | -36.29% | |
52 Neutral | ₹1.98B | 8.28 | ― | ― | 1.79% | -41.98% | |
49 Neutral | ₹2.50B | 22.46 | ― | 0.38% | -16.27% | -22.62% | |
47 Neutral | ₹2.16B | 7.66 | ― | ― | -3.18% | -64.79% |
* Consumer Defensive Sector Average
IN:RANASUG
Rana Sugars Limited
12.90
-2.60
-16.77%
IN:KCPSUGIND
KCP Sugar & Industries Corp. Ltd.
22.05
-12.56
-36.29%
IN:KMSUGAR
K.M. Sugar Mills Ltd.
27.08
-1.40
-4.92%
IN:KOTARISUG
Kothari Sugars & Chemicals Ltd.
26.21
-10.01
-27.64%
IN:PONNIERODE
Ponni Sugars (Erode) Ltd.
318.45
-3.71
-1.15%
IN:SAKHTISUG
Sakthi Sugars Limited
18.18
-5.99
-24.78%
Rana Sugars Limited Corporate Events
Rana Sugars Seeks Shareholder Nod for CFO’s Board Appointment via E-Voting Postal Ballot
Apr 24, 2026
Rana Sugars Limited has initiated a postal ballot process to seek shareholder approval for appointing Gaurav Garg as a director with the functional designation of chief financial officer, and separately as a whole-time director holding the same CF...
Rana Sugars Confirms SEBI-Compliant Dematerialisation of Shares for March Quarter
Apr 18, 2026
Rana Sugars Limited has reported compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 March 2026, confirming that securities submitted for dematerialisation have been properly proc...
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.