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Mawana Sugars Limited
(MAWANASUG)
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Rating:62Neutral
Price Target:
₹159.00
▲(45.47% Upside)
Action:Reiterated
Date:09/26/26
The score is held back primarily by inconsistent financial performance, including a sharp FY2026 profit decline and weakened free cash flow. Offsetting this, the stock’s technical setup is strong with price above key moving averages and positive MACD. Valuation is reasonable but not compelling given recent earnings and cash-flow volatility.
Positive Factors
Modest Revenue Growth
The latest year delivered modest revenue growth despite a choppy multi-year top line, indicating that the company continues to generate demand across its operations. Sustaining this base can support operating continuity and provide a platform for future earnings recovery.
Negative Factors
Sharp Profit Decline
The steep decline in gross profit and net income shows that revenue stability has not translated into dependable profitability. Persistent margin pressure or higher costs could reduce internal funding capacity, weaken coverage comfort, and make earnings recovery more dependent on favorable operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest Revenue Growth
The latest year delivered modest revenue growth despite a choppy multi-year top line, indicating that the company continues to generate demand across its operations. Sustaining this base can support operating continuity and provide a platform for future earnings recovery.
Read all positive factors
Mawana Sugars Limited (MAWANASUG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.67B
Dividend Yield2.76%
Average Volume (3M)42.15K
Price to Earnings (P/E)20.6
Beta (1Y)1.05
Revenue Growth8.61%
EPS Growth-72.58%
CountryIN
Employees1,170
SectorGeneral
Sector StrengthN/A
IndustryFood Confectioners
Share Statistics
EPS (TTM)7.04
Shares Outstanding39,116,863
10 Day Avg. Volume29,220
30 Day Avg. Volume42,148
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)0.70
Price to Sales (P/S)0.24
P/FCF Ratio17.64
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 (MSL) manufactures and distributes sugar under its 'Mawana' brand, reaching both Indian and international markets. The company's operations are divided into three primary segments: Sugar, Power, and Distillery. Within its sug...
How the Company Makes Money
Mawana Sugars Limited primarily makes money by selling (1) sugar and (2) ethanol/distillery products, along with revenue from certain sugar-industry by-products. In the sugar business, the company earns revenue from the sale of sugar produced from...
Mawana Sugars Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.86B | 15.71B | 14.43B | 13.55B | 14.78B | 14.02B |
| Gross Profit | 2.12B | 1.98B | 3.31B | 2.37B | 2.19B | 1.65B |
| EBITDA | 1.00B | 1.05B | 1.31B | 1.18B | 785.90M | 2.11B |
| Net Income | 275.40M | 370.90M | 1.09B | 376.50M | 131.30M | 732.70M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 11.23B | 10.96B | 11.79B | 10.33B | 13.80B |
| Cash, Cash Equivalents and Short-Term Investments | 265.90M | 418.10M | 231.40M | 100.90M | 268.30M | 898.29M |
| Total Debt | 0.00 | 4.20B | 4.19B | 5.68B | 3.83B | 2.77B |
| Total Liabilities | -5.25B | 5.98B | 6.04B | 7.68B | 6.49B | 10.11B |
| Stockholders Equity | 5.25B | 5.25B | 4.92B | 4.10B | 3.84B | 3.70B |
Cash Flow | ||||||
| Free Cash Flow | 4.21B | 209.60M | 924.90M | -1.95B | 730.30M | 1.35B |
| Operating Cash Flow | 4.40B | 535.90M | 1.14B | -1.64B | 1.08B | 1.60B |
| Investing Cash Flow | -184.80M | -329.30M | 887.90M | 46.30M | -386.00M | 1.31B |
| Financing Cash Flow | -4.30B | -33.00M | -2.06B | 1.43B | -758.20M | -2.45B |
Mawana Sugars Limited Technical Analysis
Positive
109.30
Price Trends
129.39
Positive
116.52
Positive
100.46
Positive
Market Momentum
2.86
Negative
59.34
Neutral
72.19
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 109.3 is below the 20-day moving average (MA) of 137.64, below the 50-day MA of 129.39, and above the 200-day MA of 100.46, indicating a bullish trend. The MACD of 2.86 indicates Negative momentum. The RSI at 59.34 is Neutral, neither overbought nor oversold. The STOCH value of 72.19 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹2.93B | 6.44 | ― | 0.73% | -8.26% | 15.48% | |
62 Neutral | ₹5.67B | 20.60 | ― | 2.76% | 8.61% | -72.58% | |
58 Neutral | ₹3.33B | 8.30 | ― | 0.36% | -0.91% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹6.51B | 22.37 | ― | 0.18% | 17.18% | ― | |
49 Neutral | ₹5.17B | 13.28 | ― | 1.01% | -32.29% | -70.25% | |
48 Neutral | ₹3.36B | 43.34 | ― | ― | 28.91% | -51.07% |
* General Sector Average
IN:MAWANASUG
Mawana Sugars Limited
144.90
59.10
68.87%
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34.30%
Mawana Sugars Limited Corporate Events
Mawana Sugars details 62nd AGM proceedings held via video conference
Jul 4, 2026
Mawana Sugars Limited held its 62nd Annual General Meeting on July 4, 2026, conducted via video conferencing and other audio-visual means in compliance with the Companies Act, 2013 and regulatory circulars from the Ministry of Corporate Affairs an...
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.