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Rana Sugars Ltd (RANASUG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507490 NSE: RANASUG Sugar | Small Cap | Rana Sugars Share Price

₹12.90 0.10 (0.78%)

As on 05-Jun'26 16:59

Rana Sugars Ltd (RANASUG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507490 NSE: RANASUG Sugar | Small Cap | Rana Sugars Share Price

₹12.90 0.10 (0.78%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹197 Cr.
Current Price
₹12.9
52-Week Low / High
₹10 / 18
TTM EPS
₹1.6
TTM Sales
₹1,743 Cr.
Book Value per Share
₹39.1
P/E Ratio
8.25
Higher than its 5-year historical median
Industry PE
24.5
Price to Book (P/B)
0.33
Lower than its 5-year historical median
Price to Sales (P/S)
0.11
Lower than its 5-year historical median
EV/EBITDA
6.43
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
6.49%
Underperforms industry median
Return on Capital Employed (ROCE)
8.15%
Underperforms industry median
Return on Assets (ROA)
2.27%
Operating Profit Margin
4.2%
Net Profit Margin
2.01%
Gross Profit Margin
4.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
7.54%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-14.16%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
22.92%
Asset Quality
Promoter Holding
22.64%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹446 Cr.
Equity
₹153.6 Cr.
Face Value
₹10
All Time Low / High
₹1.45 / 53.80

Rana Sugars stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Rana Sugars Ltd a good quality company?
Rana Sugars Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Rana Sugars Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Rana Sugars Ltd vs industry peers?
Rana Sugars Ltd revenue CAGR is 5.46%, compared to the industry median CAGR of 2.83%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Rana Sugars Ltd?
Promoters hold 22.64% of the Rana Sugars Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Rana Sugars Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.4% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rana Sugars Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.3%5.3%1.3%3.1%45.4%34.4%23.4%13.8%7.1%8.2%-
Value Creation
Index
-0.2-0.6NANA2.21.50.70.0-0.5-0.4-

Growth Parameters

Sales 8561,1019771,0921,3131,2221,4001,6271,5931,7131,743
Sales YoY Gr.-28.6%-11.3%11.8%20.3%-7%14.6%16.2%-2.1%7.5%-
Adj EPS 1.1-1.7-5.6-4.87.176.33.71.81.91.6
YoY Gr.--251.8%NANANA-1.5%-10%-40.9%-51.2%5.5%-
BVPS (₹) 10.38.6-1-5.811.521.827.431.533.435.639.1
Adj Net
Profit
17.3-26.1-86.4-73.710910896.957.32829.424
Cash Flow from Ops. 93.417916010532914691.6-83.844.354.6-
Debt/CF from Ops. 8.84.25.17.80.81.22.1-4.59.17.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8%5.5%7%7.5%
Adj EPS 6.2%-23.1%-32.7%5.5%
BVPS14.8%25.3%9.2%6.8%
Share Price 6.2% -3.9% -17.5% -21.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9-14-92.8304.5152.537.923.911.95.35.34.2
Op. Profit
Mgn %
16.37.23.73.96.410.412.775.24.22.3
Net Profit
Mgn %
2-2.4-8.9-6.88.38.86.93.51.81.71.4
Debt to
Equity
4.14.462.3-13.31.30.50.40.70.80.70.1
Working Cap
Days
35026630328519817817618320419070
Cash Conv.
Cycle
17410611754-17-7939596112

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales8561,1019771,0921,3131,2221,4001,6271,5931,713
Operating Expenses + 7171,0229401,0511,2291,0951,2231,5141,5101,642
Manufacturing Costs817885101110125178225176212
Material Costs5878928068961,0549059561,1851,2291,309
Employee Cost 26283034384149646769
Other Costs 22231921272440403851
Operating Profit 139793640841261781138371
Operating Profit Margin (%) 16.3%7.2%3.7%3.7%6.4%10.3%12.7%7.0%5.2%4.1%
Other Income + 11717754231834
Exceptional Items -0-00022371-16000
Interest 95899994221829232834
Depreciation 28283133342728313527
Profit Before Tax 17-37-87-69259158109823744
Tax -0-11-16-7-02419910
Profit After Tax 17-26-86-7526615885632834
PAT Margin (%) 2.0%-2.4%-8.9%-6.9%20.2%12.9%6.1%3.9%1.8%2.0%
Adjusted EPS (₹)1.1-1.7-5.6-4.917.310.35.64.11.82.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Rana Sugars - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 19917313-62205363449512540575
Share Capital 195195182182182182182182182182
Reserves 5-21-169-24323181267331359394
Debt +765681749732251171175360384365
Long Term Debt2502072071551411111151159887
Short Term Debt5154745425771106060244286278
Minority Interest0000000000
Trade Payables262148454496455498527429437406
Others Liabilities 181280171180153104139161141176
Total Liabilities 1,4081,2821,3871,3461,0641,1361,2901,4621,5031,522

Fixed Assets

Net Fixed Assets +447454450431378421451520578568
Gross Block748784501514574641699795887903
Accumulated Depreciation3013295183196220247275309335
CWIP 292821303828571466
Investments 0000000000
Inventories645441536509303373514585592571
Trade Receivables7473140137144138107128139166
Cash Equivalents 28185840697743303254
Others Assets 184269182200133100118184155158
Total Assets 1,4081,2821,3871,3461,0641,1361,2901,4621,5031,522

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 9317916010532914692-844455
PBT 17-37-87-6925986125823744
Adjustment 122117130127-1684559385150
Changes in Working Capital -461001174723815-92-194-40-35
Tax Paid 000000-1-10-4-4
Cash Flow From Investing Activity + -27-37-63-28-36-62-123-98-518
Capex -27-37-20-40-55-62-105-58-85-9
Net Investments 00-431018-00000
Others 100110-18-403317
Cash Flow From Financing Activity + -52-153-103-85-246-76-31708-40
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-14-23-76116-24-3
Interest Paid -95-89-99-94-55-18-15-18-24-29
Dividend Paid 0000000000
Others 43-641032-115-59-418929-8
Net Cash Flow 14-11-7-8478-34-12122

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.17-18.01-147.79N/A609.0161.6122.5514.015.616.49
ROCE (%)11.275.291.34N/A45.4234.4323.3713.837.148.15
Asset Turnover Ratio0.660.860.740.81.091.111.151.181.071.13
PAT to CFO Conversion(x)5.47N/AN/AN/A1.240.921.08-1.331.571.62
Working Capital Days
Receivable Days27.2023.2039.3046.30394231.9026.4030.6032.50
Inventory Days254.70171.40180.40174.70112.80101115.70123.30134.90123.90
Payable Days142.5084136.40193.70164.70192.30195.80147.30128.70117.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Rana Sugars Ltd FAQs

The current trading price of Rana Sugars on 05-Jun-2026 16:59 is ₹12.90.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Rana Sugars stood at ₹196.6 Cr

The latest P/E ratio of Rana Sugars as of 04-Jun-2026 is 8.25.

The latest P/B ratio of Rana Sugars as of 04-Jun-2026 is 0.33.

The 52-week high of Rana Sugars is ₹17.82 and the 52-week low is ₹10.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rana Sugars is ₹1,743 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rana Sugars Ltd is a average quality company.

The key valuation ratios of Rana Sugars Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Rana Sugars Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Rana Sugars Ltd

Rana Sugars, a Rana Group company, was founded in 1992 in collaboration with Punjab AgroCorporation. In year 2002, it has setup a Demonstration Co-generation Project to produce extra power from the Bagasse (by-product of sugar) and export it to Punjab State Electricity Board. The Rana Group of Companies made a humble beginning in mid 80’s when Rana Gurjeet Singh, group’s Founder set-up Agro Boards Limited a Kraft Paper unit in Punjab. Success of this maiden venture was duly recognized by apex state owned industrial promotion corporations and this led to Rana Group’s ventures with different state-owned corporations.

After the success of Agro Boards, Rana Group diversified into sugar manufacturing by setting its first unit at Buttar Sevian, Punjab in 1993. Over the years the group has established itself as a pioneer in the sugar industry. The group is in sugar, alcohol, power generation and textile sector. Sugar is very vital part of the rural economy and Rana Group supports the cause of the sugar farmers. The group is actively involved with the farming community in order to improve yields and quality of sugarcane. Quality, consistency and relationships have propelled the group to become one of the most successful industrial houses in north India.

The company is also a market leader in Punjab Medium Liquor (PML) sector. The company has portfolio of well-established liquor brands. It is also a preferred bottler of several leading liquor brands. The alcohol is produced from both Molasses and grain. Molasses is a by-product of sugar that has a certain amount of sugar content that is extracted through a technological process.

Business area of the company

The company is principally engaged in the manufacturing of sugar, distillery and co-generation of power. The company has portfolio of well-established liquor brands. It is also a preferred bottler of several leading liquor brands.

Product segments the company

  • Sugar manufacturing: It manufactures and sells sugar, molasses and bagasse. Whereas sugar is main product; others are the bye products and are produced at various stages of the production of the sugar.
  • Ethanol/ENA manufacturing: It manufactures Ethanol & Liquor. The basic raw material for Ethanol & Liquor is molasses and grain.
  • Power generation: This part of the business consumes the bye product bagasse from sugar process and co generates the power. The segment also procures fuel from outside to generate power.

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