Ponni Sugars (Erode) Ltd
₹ 266
0.57%
17 Mar
11:03 a.m.
About
Incorporated in 1986, Ponni Sugars (Erode)
Ltd manufactures sugar and co-generates
power[1]
Key Points
- Market Cap ₹ 229 Cr.
- Current Price ₹ 266
- High / Low ₹ 369 / 252
- Stock P/E 11.6
- Book Value ₹ 624
- Dividend Yield 1.12 %
- ROCE 5.18 %
- ROE 3.56 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.42 times its book value
- Market value of investments Rs.255 Cr. is more than the Market Cap Rs.227 Cr.
Cons
- The company has delivered a poor sales growth of 2.97% over past five years.
- Company has a low return on equity of 7.18% over last 3 years.
- Earnings include an other income of Rs.16.2 Cr.
- Dividend payout has been low at 13.6% of profits over last 3 years
- Working capital days have increased from 87.6 days to 125 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 169 | 160 | 169 | 251 | 196 | 185 | 310 | 256 | 288 | 435 | 421 | 359 | 420 | |
| 170 | 165 | 168 | 213 | 175 | 165 | 269 | 226 | 253 | 395 | 378 | 333 | 390 | |
| Operating Profit | -1 | -5 | 2 | 38 | 21 | 20 | 41 | 30 | 36 | 40 | 43 | 26 | 30 |
| OPM % | -1% | -3% | 1% | 15% | 11% | 11% | 13% | 12% | 12% | 9% | 10% | 7% | 7% |
| 8 | 11 | 12 | -6 | -9 | 2 | 5 | 6 | 7 | 15 | 18 | 12 | 16 | |
| Interest | 7 | 5 | 6 | 5 | 2 | 3 | 3 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 6 | 8 | 9 | 10 | 11 |
| Profit before tax | -3 | -5 | 3 | 22 | 4 | 12 | 36 | 29 | 36 | 48 | 52 | 28 | 35 |
| Tax % | 70% | -33% | 27% | 28% | 12% | 30% | 14% | 10% | 19% | 19% | 10% | 31% | |
| -5 | -4 | 2 | 16 | 3 | 8 | 31 | 26 | 29 | 38 | 47 | 19 | 26 | |
| EPS in Rs | -5.56 | -4.24 | 2.21 | 18.52 | 3.88 | 9.80 | 35.98 | 29.84 | 34.02 | 44.59 | 54.50 | 22.42 | 30.09 |
| Dividend Payout % | -11% | -0% | 54% | 14% | 26% | 20% | 11% | 17% | 16% | 15% | 13% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 3% |
| 3 Years: | 8% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | -9% |
| 3 Years: | -13% |
| TTM: | -30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 12% |
| 3 Years: | -13% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 8% |
| 3 Years: | 7% |
| Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 115 | 112 | 113 | 248 | 264 | 284 | 239 | 318 | 360 | 444 | 543 | 524 | 528 |
| 83 | 78 | 77 | 49 | 7 | 35 | 20 | -0 | -0 | -0 | -0 | -0 | -0 | |
| 45 | 51 | 50 | 32 | 48 | 63 | 48 | 50 | 50 | 62 | 53 | 48 | 52 | |
| Total Liabilities | 252 | 249 | 249 | 338 | 328 | 391 | 315 | 376 | 419 | 515 | 605 | 580 | 588 |
| 133 | 128 | 123 | 118 | 120 | 114 | 109 | 104 | 112 | 118 | 123 | 130 | 136 | |
| CWIP | 1 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 4 | 1 | 2 | 11 | 6 |
| Investments | 21 | 21 | 21 | 141 | 156 | 169 | 95 | 151 | 170 | 225 | 290 | 255 | 249 |
| 97 | 100 | 105 | 79 | 53 | 108 | 111 | 120 | 133 | 170 | 189 | 183 | 197 | |
| Total Assets | 252 | 249 | 249 | 338 | 328 | 391 | 315 | 376 | 419 | 515 | 605 | 580 | 588 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 11 | 6 | 35 | 51 | -22 | 16 | 29 | 11 | 11 | 16 | 10 | |
| -3 | -0 | 0 | -0 | -5 | 2 | 1 | 3 | -13 | 1 | -12 | -5 | |
| -7 | -11 | -6 | -34 | -46 | 23 | -19 | -24 | -4 | -5 | -6 | -6 | |
| Net Cash Flow | -1 | -0 | 0 | 1 | -1 | 3 | -3 | 7 | -6 | 7 | -2 | -1 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 34 | 61 | 35 | 34 | 75 | 82 | 58 | 57 | 19 | 29 | 31 |
| Inventory Days | 225 | 226 | 177 | 113 | 93 | 243 | 69 | 111 | 143 | 107 | 122 | 187 |
| Days Payable | 79 | 99 | 85 | 34 | 109 | 138 | 51 | 76 | 66 | 48 | 30 | 26 |
| Cash Conversion Cycle | 171 | 162 | 153 | 114 | 18 | 180 | 100 | 93 | 135 | 78 | 121 | 192 |
| Working Capital Days | 39 | 27 | 37 | 41 | 5 | 29 | 64 | 77 | 104 | 54 | 84 | 125 |
| ROCE % | -1% | -5% | -1% | 13% | 6% | 6% | 13% | 10% | 10% | 12% | 10% | 5% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Power Exported Lakh Units |
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| Power Generated Lakh Units |
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| Sugar Produced Tonnes |
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| Sugar Recovery Rate % |
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| Sugarcane Crushed Tonnes |
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| Sugarcane Crushing Capacity TCD |
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| Cogen Plant Capacity MW |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Feb - Newspaper Publication on Postal Ballot is submitted
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
25 Feb - Postal ballot to reappoint Mr Ramanathan Narayanan as MD (01.04.2026–31.03.2029); salary Rs8,00,000/month; e-voting Feb26–Mar27,2026
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Board Meeting Outcome for Re-Appointment Of Mr Ramanathan Narayanan As The Managing Director Of The Company
20 Feb - Reappointment of Ramanathan Narayanan as MD from 01.04.2026–31.03.2029, subject to shareholder special resolution via postal ballot.
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Announcement under Regulation 30 (LODR)-Change in Directorate
20 Feb - Reappointment of Mr Ramanathan Narayanan as MD from 01.04.2026 to 31.03.2029, subject to shareholder special resolution via postal ballot.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Feb - Newspaper Publication regarding opening of special window for transfer and demat of physical securities
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
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Profile[1]
Ponni Sugars (Erode) processes sugarcane into sugar and its byproducts. It also generates electricity by utilizing bagasse (a sugarcane byproduct) for power generation. Bagasse is also sold to associated companies like Seshasayee Paper and Boards Ltd (SPB).