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

• Market Cap: ₹2.52B
• Dividend Yield: N/A
• Average Volume (3M): 17.81K
• Price to Earnings (P/E): 6.0
• Beta (1Y): 1.03
• Revenue Growth: 21.24%
• EPS Growth: 81.88%
• Country: IN
• Employees: 373
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Food Confectioners
• EPS (TTM): 1.43
• Shares Outstanding: 92,000,170
• 10 Day Avg. Volume: 11,425
• 30 Day Avg. Volume: 17,808
• 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: ₹32.00
• Price Target Upside: 16.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 75 Outperform
• Price Target: ₹32.00 ▲(16.96% Upside)

K.M. Sugar Mills Ltd. demonstrates strong financial performance and attractive valuation, making it a potentially undervalued investment. The technical analysis suggests neutral momentum, which could limit immediate price movement. The absence of earnings call data and corporate events does not significantly impact the overall score.

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 and its by-products. The company's core revenue stream is the production and sale of white crystal sugar, which is sold in bulk to various industries and retail consumers. Additionally, KMSUGAR capitalizes on its by-products; molasses is used in the production of ethanol and spirits, while bagasse is often sold as a biofuel or used internally to generate power for the mills. The company may also engage in forward contracts and price hedging to manage sugar prices, ensuring stable revenue streams. Strategic partnerships with agricultural suppliers and ethanol manufacturers can further enhance revenue by optimizing production costs and expanding market access.

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	6.29B	6.59B	6.57B	5.67B	5.45B	4.83B
Gross Profit	1.86B	2.12B	1.65B	1.28B	1.38B	1.12B
EBITDA	850.59M	890.60M	782.46M	610.58M	821.85M	589.95M
Net Income	321.53M	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	47.10M	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	-3.15B	3.91B	4.76B	4.28B	3.90B	4.11B
Stockholders Equity	3.15B	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: Negative
• Last Price: 27.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KMSUGAR, the sentiment is Negative. The current price of 27.36 is below the 20-day moving average (MA) of 28.34, below the 50-day MA of 28.06, and below the 200-day MA of 29.14, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 36.64 is Neutral, neither overbought nor oversold. The STOCH value of 12.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	75 Outperform	₹2.52B	6.04	―	―	21.24%	81.88%
KOTARISUG	60 Neutral	2.50B	20.50	3.60%	―	-33.14%	10.36%
RAJSREESUG	54 Neutral	1.31B	-10.89	3.06%	―	-30.06%	-207.41%
SAKHTISUG	51 Neutral	2.49B	11.85	40.26%	―	-22.51%	-80.40%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%

K.M. Sugar Mills Ltd. Corporate Events

K.M. Sugar Mills Ltd. Announces 52nd AGM and Annual Report Dispatch

K.M. Sugar Mills Ltd. announced the publication of its 52nd Annual General Meeting (AGM) notice and the dispatch of its Annual Report for the financial year 2024-25. The announcement, published in Financial Express and Jan Satta, confirms the completion of necessary procedures in accordance with the Companies Act, 2013. This communication ensures transparency and keeps stakeholders informed about the company’s operations and compliance with regulatory requirements.

K.M. Sugar Mills Ltd. Announces Virtual AGM for 2025

K.M. Sugar Mills Ltd. has announced its 52nd Annual General Meeting (AGM) scheduled for September 29, 2025, to be conducted via video conferencing in compliance with regulatory guidelines. The company has distributed the AGM notice and annual report electronically to registered members, with provisions for physical communication to those without updated email addresses. This initiative reflects the company’s adherence to modern communication methods and regulatory compliance, potentially enhancing shareholder engagement and transparency.