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K.M. Sugar Mills Ltd.
(KMSUGAR)
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Rating:71Outperform
Price Target:
₹35.00
▲(24.20% Upside)
Action:Upgraded
Date:10/20/26
The score is driven by strong technical uptrend signals and an attractive low P/E valuation. Financial performance is improving on profitability and leverage, but the overall score is tempered by cyclical/weakening revenue and inconsistent free cash flow with modest cash conversion.
Positive Factors
Improved Profitability
The improvement in net income and margin indicates stronger earnings conversion in the latest fiscal year. If profitability remains near these levels, the company should have greater capacity to fund operations, manage obligations, and reinvest in its sugar and allied-products businesses.
Negative Factors
Revenue Contraction
The recent revenue contraction signals weaker top-line momentum and makes future profit improvement more dependent on margins or cost control. In a sugar business exposed to market realizations and operating cycles, sustained sales weakness could limit growth and reduce scale benefits.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
The improvement in net income and margin indicates stronger earnings conversion in the latest fiscal year. If profitability remains near these levels, the company should have greater capacity to fund operations, manage obligations, and reinvest in its sugar and allied-products businesses.
Read all positive factors
K.M. Sugar Mills Ltd. (KMSUGAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.73B
Dividend Yield0.73%
Average Volume (3M)29.13K
Price to Earnings (P/E)5.7
Beta (1Y)0.84
Revenue Growth-8.26%
EPS Growth15.48%
CountryIN
Employees305
SectorGeneral
Sector StrengthN/A
IndustryAgricultural - Commodities/Milling
Share Statistics
EPS (TTM)5.23
Shares Outstanding92,000,170
10 Day Avg. Volume28,802
30 Day Avg. Volume29,128
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.59
Price to Sales (P/S)0.35
P/FCF Ratio7.41
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
K.M. Sugar Mills Ltd. Business Overview & Revenue Model
Company Description
K.M. Sugar Mills Limited engages in manufacturing and sells of sugar in India. The company operates through Sugar and Distillery segments. It also produces and sells various grades of sugar in jute bags and PP bags; and rectified spirit, ethanol, ...
How the Company Makes Money
K.M. Sugar Mills Ltd. primarily makes money by selling sugar produced from processing sugarcane. Revenue is typically generated from (1) sales of sugar (the core product), and (2) sales of by-products produced during the sugar manufacturing proces...
K.M. Sugar Mills Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
72
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.40B | 6.58B | 6.59B | 6.57B | 5.76B | 5.48B |
| Gross Profit | 1.72B | 1.62B | 2.12B | 1.65B | 1.28B | 1.38B |
| EBITDA | 917.50M | 867.60M | 890.60M | 782.46M | 610.58M | 820.63M |
| Net Income | 481.20M | 534.20M | 355.50M | 280.93M | 232.15M | 414.69M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 7.50B | 7.30B | 7.79B | 7.03B | 6.43B |
| Cash, Cash Equivalents and Short-Term Investments | 75.47M | 87.10M | 114.30M | 75.37M | 61.55M | 89.40M |
| Total Debt | 0.00 | 2.50B | 2.82B | 2.91B | 2.68B | 2.24B |
| Total Liabilities | -3.92B | 3.58B | 3.91B | 4.76B | 4.28B | 3.90B |
| Stockholders Equity | 3.92B | 3.92B | 3.39B | 3.03B | 2.75B | 2.52B |
Cash Flow | ||||||
| Free Cash Flow | 2.14B | 312.20M | 159.60M | 29.23M | -28.80M | -28.06M |
| Operating Cash Flow | 2.54B | 830.80M | 313.30M | 287.61M | 730.48M | 53.21M |
| Investing Cash Flow | -340.90M | -533.60M | -72.20M | -341.55M | -1.05B | -116.99M |
| Financing Cash Flow | -2.23B | -321.10M | -275.30M | 68.06M | 298.11M | 93.97M |
K.M. Sugar Mills Ltd. Technical Analysis
Positive
28.18
Price Trends
26.18
Positive
24.08
Positive
22.67
Positive
Market Momentum
1.30
Negative
58.54
Neutral
32.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KMSUGAR, the sentiment is Positive. The current price of 28.18 is below the 20-day moving average (MA) of 28.26, above the 50-day MA of 26.18, and above the 200-day MA of 22.67, indicating a bullish trend. The MACD of 1.30 indicates Negative momentum. The RSI at 58.54 is Neutral, neither overbought nor oversold. The STOCH value of 32.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KMSUGAR.
K.M. Sugar Mills Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹2.73B | 5.68 | ― | 0.73% | -8.26% | 15.48% | |
71 Outperform | ₹2.83B | 4.99 | ― | 1.52% | 28.11% | 200.80% | |
56 Neutral | ₹2.00B | 7.24 | ― | ― | 16.25% | 30.67% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹1.78B | 30.79 | ― | ― | -5.87% | -84.48% | |
53 Neutral | ₹2.80B | 7.36 | ― | 0.41% | -0.91% | ― | |
47 Neutral | ₹1.96B | 35.76 | ― | 1.53% | -8.21% | -55.42% |
* General Sector Average
IN:KMSUGAR
K.M. Sugar Mills Ltd.
31.90
9.52
42.51%
IN:KCPSUGIND
KCP Sugar & Industries Corp. Ltd.
25.25
-5.94
-19.05%
IN:KOTARISUG
Kothari Sugars & Chemicals Ltd.
23.11
-8.35
-26.54%
IN:PONNIERODE
Ponni Sugars (Erode) Ltd.
334.30
38.55
13.04%
IN:RANASUG
Rana Sugars Limited
11.85
-2.50
-17.42%
IN:SAKHTISUG
Sakthi Sugars Limited
16.75
-4.35
-20.62%
K.M. Sugar Mills Ltd. Corporate Events
K.M. Sugar Mills Finalizes Distillery Demerger, Cancels Stake in K.M. Spirits
Oct 12, 2026
K.M. Sugar Mills Ltd. has completed a key step in the court-approved demerger of its distillery division into K.M. Spirits and Allied Industries Limited, with the resulting company’s board approving the allotment of 18,400,034 fully paid equ...
K.M. Sugar Mills Completes Demerger; Distillery Subsidiary Ceases to Be Under Its Control
Oct 12, 2026
K.M. Sugar Mills Ltd., a listed sugar manufacturing company with operations in Uttar Pradesh and a presence on both BSE and NSE, has historically managed its distillery activities through a wholly owned subsidiary, KM Spirits and Allied Industries...
K.M. Sugar Mills’ Distillery Demerger Scheme Becomes Effective
Oct 1, 2026
K.M. Sugar Mills Ltd. announced that the Scheme of Arrangement for the demerger of its Distillery Division into KM Spirits and Allied Industries Ltd. has become effective as of October 1, 2026. Following the filing of the certified NCLT order with...
K.M. Sugar Mills Sets Effective and Record Dates for Distillery Demerger
Sep 19, 2026
K.M. Sugar Mills Ltd. has announced key dates linked to the demerger of its distillery division into KM Spirits and Allied Industries Ltd., following approval of a court-sanctioned scheme of arrangement. The Board has set October 1, 2026, as the e...
NCLT clears K.M. Sugar Mills demerger of distillery unit into KM Spirits
Aug 22, 2026
K.M. Sugar Mills Ltd. has announced that the National Company Law Tribunal, Allahabad Bench, has sanctioned its Scheme of Arrangement for the demerger of the company’s Distillery Division into KM Spirits and Allied Industries Ltd. The order,...
K.M. Sugar Mills Reports Clean Audits and Completes 53rd AGM via Virtual Meeting
Jul 28, 2026
K.M. Sugar Mills Ltd., a listed sugar manufacturer based in Uttar Pradesh with operations in Motinagar and a registered office in Lucknow, convened its 53rd Annual General Meeting on July 28, 2026 via video conferencing in compliance with Ministry...
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.