Rana Sugars Limited (RANASUG) AI Stock Analysis

Rana Sugars Limited

(NSE:RANASUG)

Select Model

Rating:58Neutral

Price Target:INR 12.00▲(2.56% Upside)

Action:reiterated

Date:08/21/26

The overall score reflects a business with growing revenue and a sound balance sheet but weakening profitability and volatile cash generation, combined with a technically stretched share price and a rich valuation that limit the upside and warrant a cautious view.

Positive Factors

Integrated business modelThe integrated sugar model allows Rana Sugars to monetize multiple outputs from sugarcane processing, including sugar, allied products, and cogenerated power. This diversification can improve resource utilization and provide several recurring revenue channels across the operating cycle.

Negative Factors

Severe margin compressionThe sharp decline in gross and operating margins shows that revenue growth has not translated into comparable earnings power. An EBIT margin near breakeven leaves limited protection against cost or pricing pressure and makes sustainable profitability dependent on a material operating recovery.

Rana Sugars Limited (RANASUG) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.79B
Dividend Yield: ―
Average Volume (3M): 56.50K
Price to Earnings (P/E): 30.6
Beta (1Y): 1.11
Revenue Growth: -5.87%
EPS Growth: -84.48%
Country: India
Employees: 1,006
Sector: General
Sector Strength: 55
Industry: Food Confectioners

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 Power G...

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 channels (...

Rana Sugars Limited Financial Statement Overview

Summary

Revenue is growing and leverage has reduced, but margins and returns on equity have weakened and cash flows remain volatile, so overall financial strength is only moderately positive.

Income Statement

63Positive

Balance Sheet

71Positive

Cash Flow

58Neutral

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price11.70

Price Trends

50DMA13.92Negative

100DMA13.19Negative

200DMA12.67Negative

Market Momentum

MACD-0.62Positive

RSI31.23Neutral

STOCH13.08Positive

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 11.70 is below the 20-day moving average (MA) of 12.78, below the 50-day MA of 13.92, and below the 200-day MA of 12.67, indicating a bearish trend. The MACD of -0.62 indicates Positive momentum. The RSI at 31.23 is Neutral, neither overbought nor oversold. The STOCH value of 13.08 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RANASUG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KMSUGAR	71Outperform	INR 2.85B	5.84	―	―	-8.26%	15.48%
IN:PONNIERODE	68Neutral	INR 2.75B	4.86	―	1.56%	28.11%	200.80%
IN:RANASUG	58Neutral	INR 1.80B	30.61	―	―	-5.87%	-84.48%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KCPSUGIND	53Neutral	INR 2.76B	7.25	―	0.42%	-0.91%	―
IN:SAKHTISUG	46Neutral	INR 1.92B	6.99	―	―	16.25%	30.67%
IN:KOTARISUG	45Neutral	INR 1.86B	34.05	―	―	-8.21%	-55.42%

* General Sector Average

Performance Comparison

IN:RANASUG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RANASUG	Rana Sugars Limited	11.70	-2.80	-19.31%
IN:KCPSUGIND	KCP Sugar & Industries Corp. Ltd.	24.37	-6.61	-21.34%
IN:KMSUGAR	K.M. Sugar Mills Ltd.	30.94	8.65	38.82%
IN:KOTARISUG	Kothari Sugars & Chemicals Ltd.	22.47	-8.25	-26.86%
IN:PONNIERODE	Ponni Sugars (Erode) Ltd.	319.80	20.56	6.87%
IN:SAKHTISUG	Sakthi Sugars Limited	16.17	-4.50	-21.77%

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-time...

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 ef...

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.

Date of analysis: Aug 21, 2026

Rana Sugars Limited AI Stock Analysis