Mawana Sugars Ltd
Incorporated in 1989, Mawana Sugars
Ltd is in the business of Sugar, Industrial
Alcohol and Co-generation of Power[1]
- Market Cap ₹ 362 Cr.
- Current Price ₹ 92.5
- High / Low ₹ 129 / 78.4
- Stock P/E 7.69
- Book Value ₹ 126
- Dividend Yield 4.32 %
- ROCE 10.3 %
- ROE 12.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.74 times its book value
- Stock is providing a good dividend yield of 4.32%.
- Company has delivered good profit growth of 22.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 48.4%
Cons
- The company has delivered a poor sales growth of 4.50% over past five years.
- Company has a low return on equity of 7.51% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.70.5 Cr.
- Working capital days have increased from 47.2 days to 69.0 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Sep 2013 | Dec 2014 15m | Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,342 | 1,399 | 1,485 | 1,191 | 1,344 | 1,165 | 1,161 | 1,469 | 1,478 | 1,482 | 1,355 | 1,446 | 1,460 | |
1,398 | 1,452 | 1,379 | 1,022 | 1,301 | 1,050 | 1,109 | 1,372 | 1,373 | 1,405 | 1,265 | 1,324 | 1,353 | |
Operating Profit | -57 | -52 | 106 | 169 | 43 | 115 | 52 | 96 | 105 | 77 | 90 | 122 | 107 |
OPM % | -4% | -4% | 7% | 14% | 3% | 10% | 4% | 7% | 7% | 5% | 7% | 8% | 7% |
30 | 9 | 10 | 356 | 27 | 11 | 17 | 92 | -2 | 2 | 28 | 70 | 71 | |
Interest | 91 | 77 | 77 | 51 | 38 | 24 | 27 | 35 | 26 | 28 | 30 | 30 | 28 |
Depreciation | 50 | 61 | 38 | 30 | 24 | 33 | 56 | 48 | 40 | 36 | 35 | 34 | 33 |
Profit before tax | -168 | -181 | 1 | 443 | 7 | 69 | -13 | 105 | 38 | 15 | 53 | 129 | 117 |
Tax % | 1% | 0% | 0% | 19% | -33% | 41% | 521% | 31% | 31% | 14% | 29% | 15% | |
-170 | -181 | 1 | 359 | 10 | 40 | -83 | 73 | 26 | 13 | 38 | 109 | 100 | |
EPS in Rs | -43.15 | -46.37 | 0.20 | 91.78 | 2.49 | 10.32 | -21.19 | 18.73 | 6.69 | 3.36 | 9.62 | 27.97 | 25.69 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 16% | 45% | 89% | 42% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 0% |
5 Years: | 5% |
3 Years: | -1% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 22% |
3 Years: | 24% |
TTM: | -3% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 28% |
3 Years: | -1% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 8% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Sep 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 |
Reserves | -245 | -427 | -426 | 292 | 302 | 342 | 257 | 331 | 345 | 345 | 371 | 453 |
702 | 504 | 482 | 244 | 143 | 239 | 488 | 276 | 417 | 383 | 568 | 419 | |
394 | 818 | 958 | 588 | 622 | 788 | 689 | 735 | 250 | 266 | 200 | 185 | |
Total Liabilities | 890 | 934 | 1,053 | 1,163 | 1,105 | 1,408 | 1,474 | 1,380 | 1,051 | 1,033 | 1,179 | 1,096 |
529 | 474 | 441 | 321 | 313 | 296 | 298 | 232 | 212 | 197 | 204 | 198 | |
CWIP | 1 | 1 | 3 | 4 | 8 | 8 | 1 | 13 | 3 | 16 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 15 | 13 | 10 | 4 | 3 | 3 | 0 |
360 | 460 | 609 | 838 | 784 | 1,089 | 1,161 | 1,126 | 832 | 817 | 972 | 897 | |
Total Assets | 890 | 934 | 1,053 | 1,163 | 1,105 | 1,408 | 1,474 | 1,380 | 1,051 | 1,033 | 1,179 | 1,096 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Sep 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-59 | 235 | 38 | 49 | 63 | -100 | -139 | 160 | -151 | 108 | -164 | 114 | |
14 | -15 | -4 | 121 | 83 | -17 | -42 | 129 | -13 | -39 | 5 | 92 | |
45 | -206 | -30 | -157 | -127 | 94 | 195 | -245 | 107 | -76 | 143 | -206 | |
Net Cash Flow | 0 | 15 | 4 | 13 | 19 | -23 | 14 | 43 | -57 | -6 | -16 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Sep 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 11 | 13 | 18 | 13 | 14 | 12 | 15 | 10 | 10 | 8 | 11 | 8 |
Inventory Days | 90 | 108 | 165 | 238 | 176 | 417 | 333 | 246 | 214 | 208 | 300 | 266 |
Days Payable | 107 | 225 | 268 | 217 | 204 | 355 | 231 | 201 | 57 | 61 | 52 | 44 |
Cash Conversion Cycle | -5 | -104 | -85 | 34 | -14 | 74 | 117 | 55 | 167 | 155 | 259 | 231 |
Working Capital Days | -165 | -211 | -142 | -18 | -30 | 9 | 14 | 14 | 34 | 26 | 46 | 69 |
ROCE % | -19% | -34% | 73% | 44% | 6% | 17% | 2% | 7% | 10% | 6% | 7% | 10% |
Documents
Announcements
-
Disclosure/Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015
2 Sep - GST notice alleging double e-way bills; liability ₹44,033 (₹35,227 tax, ₹8,806 penalty); reply due 01.10.2025.
-
Disclosure/Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015
29 Aug - Received Rs9,54,53,137 demand notice (AY2006-07) dated 28 Aug 2025; company to appeal before NFAC/section 154.
-
Disclosure/Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015
27 Aug - Meerut SGST notice alleging double e-way bills; Rs1,22,415 liability imposed; reply due by 26.09.2025.
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations,2015
13 Aug - Mawana Sugars fined Rs.14.2 lakh for excess alcohol recovery at Nanglamal unit, review filed.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
4 Aug - Newspaper Publication of Unaudited Financial Results for the Quarter ended 30th June, 2025
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
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Financial Year 2009
from bse
Business Overview:[1][2]
MSL is an ISO 22000:2005 certified manufacturer and marketer of Sugar, Ethanol and Co- generation of Power