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Rana Sugars Limited
(RANASUG)
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Rating:54Neutral
Price Target:
₹12.00
▼(-3.85% Downside)
Action:Reiterated
Date:08/21/26
The score is mainly held back by weakened FY2026 profitability and returns despite revenue growth and improved leverage/cash generation. Technically, the trend is supportive (above major DMAs with positive MACD), but overbought signals (high RSI/Stoch) raise near-term risk. Valuation is a further headwind with a high P/E (~40) and no provided dividend yield.
Positive Factors
Integrated sugar value chain
The integrated operating model gives Rana Sugars multiple ways to monetize sugarcane, including sugar, processed by-products, and cogenerated power. Using processing outputs internally or selling them can broaden revenue sources and improve resource utilization across the business over the medium term.
Negative Factors
Severe margin compression
The sharp decline in gross and operating margins shows that revenue growth has not translated into durable operating profitability. With EBIT margin near breakeven, relatively modest cost or pricing pressure could materially reduce earnings and weaken the company’s ability to fund growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated sugar value chain
The integrated operating model gives Rana Sugars multiple ways to monetize sugarcane, including sugar, processed by-products, and cogenerated power. Using processing outputs internally or selling them can broaden revenue sources and improve resource utilization across the business over the medium term.
Read all positive factors
Rana Sugars Limited (RANASUG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.78B
Dividend YieldN/A
Average Volume (3M)28.81K
Price to Earnings (P/E)30.8
Beta (1Y)1.12
Revenue Growth-5.87%
EPS Growth-84.48%
CountryIN
Employees1,006
SectorGeneral
Sector StrengthN/A
IndustryFood Confectioners
Share Statistics
EPS (TTM)0.38
Shares Outstanding153,567,830
10 Day Avg. Volume25,021
30 Day Avg. Volume28,814
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 primarily makes money by producing and selling sugar and other sugarcane-derived products manufactured at its integrated facilities. A key revenue stream is the sale of sugar into wholesale/industrial and other domestic channel...
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 | 16.77B | 17.43B | 17.13B | 16.04B | 13.94B | 14.30B |
| Gross Profit | 2.54B | 2.70B | 2.78B | 3.46B | 1.31B | 4.42B |
| EBITDA | 265.00M | 1.04B | 1.05B | 962.79M | 1.37B | 1.66B |
| Net Income | 56.93M | 238.14M | 343.83M | 279.67M | 633.96M | 852.15M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 13.18B | 15.22B | 15.03B | 14.62B | 12.90B |
| Cash, Cash Equivalents and Short-Term Investments | 461.86M | 461.86M | 540.27M | 124.37M | 470.20M | 330.01M |
| Total Debt | 0.00 | 3.21B | 4.07B | 4.15B | 3.83B | 1.72B |
| Total Liabilities | -6.00B | 7.18B | 9.44B | 9.63B | 9.49B | 8.41B |
| Stockholders Equity | 6.00B | 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
Negative
12.48
Price Trends
14.00
Negative
13.22
Negative
12.68
Negative
Market Momentum
-0.60
Positive
27.40
Positive
3.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RANASUG, the sentiment is Negative. The current price of 12.48 is below the 20-day moving average (MA) of 13.06, below the 50-day MA of 14.00, and below the 200-day MA of 12.68, indicating a bearish trend. The MACD of -0.60 indicates Positive momentum. The RSI at 27.40 is Positive, neither overbought nor oversold. The STOCH value of 3.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RANASUG.
Rana Sugars Limited 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:RANASUG
Rana Sugars Limited
11.61
-2.78
-19.32%
IN:KCPSUGIND
KCP Sugar & Industries Corp. Ltd.
24.72
-6.63
-21.15%
IN:KMSUGAR
K.M. Sugar Mills Ltd.
29.70
7.49
33.74%
IN:KOTARISUG
Kothari Sugars & Chemicals Ltd.
23.60
-7.99
-25.29%
IN:PONNIERODE
Ponni Sugars (Erode) Ltd.
328.90
28.09
9.34%
IN:SAKHTISUG
Sakthi Sugars Limited
16.80
-4.34
-20.53%
Rana Sugars Limited Corporate Events
Rana Sugars Reshapes Leadership as Senior Executives Step Down
Oct 1, 2026
Rana Sugars Limited announced changes in its senior management, with Admin Head and senior management member Mrs. Kirandeep Kaur resigning from her role effective at the close of business on October 1, 2026. The company also disclosed that Whole-t...
Rana Sugars Discloses Resignation of Senior General Manager
Sep 19, 2026
Rana Sugars Limited has disclosed a change in senior management, announcing that General Manager and Senior Management Personnel Indrajeet Kushwaha has resigned from the company due to personal reasons and commitments. The cessation of his role is...
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.