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Ponni Sugars (Erode) Ltd (PONNIERODE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532460 NSE: PONNIERODE Sugar | Small Cap | Ponni Sugars (Erode) Share Price

₹306.65 -0.35 (-0.11%)

As on 04-Jun'26 16:59

Ponni Sugars (Erode) Ltd (PONNIERODE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532460 NSE: PONNIERODE Sugar | Small Cap | Ponni Sugars (Erode) Share Price

₹306.65 -0.35 (-0.11%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹264 Cr.
Current Price
₹306.7
52-Week Low / High
₹254 / 369
TTM EPS
₹55.9
TTM Sales
₹415 Cr.
Book Value per Share
₹660.7
P/E Ratio
5.49
Lower than its 5-year historical median
Industry PE
24.5
Price to Book (P/B)
0.46
Lower than its 5-year historical median
Price to Sales (P/S)
0.64
Lower than its 5-year historical median
EV/EBITDA
4.30
Lower than its 5-year historical median
Dividend Yield
1.82%
Profitability Efficiency
Return on Equity (ROE)
8.73%
Outperforms industry median
Return on Capital Employed (ROCE)
16.51%
Outperforms industry median
Return on Assets (ROA)
7.80%
Operating Profit Margin
8.8%
Net Profit Margin
11.57%
Gross Profit Margin
12%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.45%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
36.31%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
149.12%
Asset Quality
Promoter Holding
47.34%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹560 Cr.
Equity
₹8.6 Cr.
Face Value
₹10
All Time Low / High
₹2.05 / 598.15

Ponni Sugars (Erode) stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Ponni Sugars (Erode) Ltd a good quality company?
Ponni Sugars (Erode) Ltd is a weak quality company, based on a inconsistent 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 Ponni Sugars (Erode) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ponni Sugars (Erode) Ltd vs industry peers?
Ponni Sugars (Erode) Ltd revenue CAGR is 2.97%, compared to the industry median CAGR of 2.83%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Ponni Sugars (Erode) Ltd?
Promoters hold 47.34% of the Ponni Sugars (Erode) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ponni Sugars (Erode) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.6% based on the current price.

10 Year X-Ray :

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.
Ponni Sugars (Erode) 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 10.7%2%5.1%13%9.8%10.4%11.7%10.4%5.2%16.5%-
Value Creation
Index
-0.2-0.9-0.6-0.1-0.3-0.3-0.2-0.3-0.60.2-

Growth Parameters

Sales 251196185310256288435421359415415
Sales YoY Gr.--21.9%-5.7%68%-17.5%12.5%51%-3.2%-14.7%15.5%-
Adj EPS 2413.810.935.629.93450.254.522.514.155.9
YoY Gr.--42.6%-21%226.9%-16.1%13.9%47.4%8.7%-58.7%-37.2%-
BVPS (₹) 298.4317.3340.3287.7379.6428.5526.6641.8618.8660.6660.7
Adj Net
Profit
20.611.99.430.625.729.343.146.919.312.148
Cash Flow from Ops. 35.250.5-22.415.628.810.911.416.19.630.8-
Debt/CF from Ops. 1.40.1-1.61.3000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.8%10.1%-1.6%15.5%
Adj EPS -5.7%-13.9%-34.5%-37.2%
BVPS9.2%11.7%7.9%6.8%
Share Price 4.6% 8.4% -8% -10.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
10.94.53.311.398.410.59.33.62.28.5
Op. Profit
Mgn %
15.210.710.613.411.812.310.410.27.38.88.6
Net Profit
Mgn %
8.265.19.91010.19.911.15.42.911.6
Debt to
Equity
0.200.10.10000000
Working Cap
Days
12612015512614814011012415516491
Cash Conv.
Cycle
735582769587617311911375

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales251196185310256288435421359415
Operating Expenses + 213176165269226253397378333379
Manufacturing Costs32344947334676667477
Material Costs15912296199170181285280226266
Employee Cost 14141416181921242425
Other Costs 765767159911
Operating Profit 38202041303638432636
Operating Profit Margin (%) 15.2%10.2%10.6%13.3%11.8%12.3%8.8%10.2%7.3%8.6%
Other Income + 13346717181214
Exceptional Items -7-11-110000052
Interest 5233100001
Depreciation 666776891011
Profit Before Tax 2241236293648522890
Tax 60453795942
Profit After Tax 163831262938471948
PAT Margin (%) 6.4%1.7%4.6%10.0%10.0%10.1%8.8%11.1%5.4%11.6%
Adjusted EPS (₹)18.53.99.836.029.834.044.654.522.455.9
Dividend Payout Ratio (%)13.50%25.80%20.40%11.10%16.80%16.20%14.60%12.90%13.40%9%

Valuation of Ponni Sugars (Erode) - 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 257273293247326368453552532568
Share Capital 9999999999
Reserves 248264284239318360444543524560
Debt +3823517000000
Long Term Debt25004000000
Short Term Debt1323514000000
Minority Interest0000000000
Trade Payables15373628363337231622
Others Liabilities 29172723141724303262
Total Liabilities 338328391315376419515605580652

Fixed Assets

Net Fixed Assets +118120114109104112118123130143
Gross Block177131131134136150164177194217
Accumulated Depreciation59111725323846546474
CWIP 00000412112
Investments 14115616995151170225290255244
Inventories4931643852718393115129
Trade Receivables24183869414523343122
Cash Equivalents 2141231032412648
Others Assets 42235733221164
Total Assets 338328391315376419515605580652

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 3551-2216291111161031
PBT 2241236293648522890
Adjustment 1067631-7-514
Changes in Working Capital 842-40-212-22-21-22-15-56
Tax Paid -5-2-1-6-5-5-8-9-5-7
Cash Flow From Investing Activity + -0-5213-131-12-5-31
Capex -1-7-1-3-2-18-11-14-27-15
Net Investments 0000000-1113-25
Others 123455121299
Cash Flow From Financing Activity + -34-4623-19-24-4-5-6-6-3
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -5-2-3-3-1-0-0-0-0-0
Dividend Paid -1-3-1-2-3-4-5-6-6-3
Others -28-4228-15-2000000
Net Cash Flow 1-13-37-67-2-1-4

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)8.421.262.9811.468.948.429.349.333.568.73
ROCE (%)10.691.975.0912.969.8110.3911.6810.355.1816.51
Asset Turnover Ratio0.90.590.510.880.740.730.930.750.610.67
PAT to CFO Conversion(x)2.1917-2.750.521.120.380.290.340.530.65
Working Capital Days
Receivable Days36.2039.4055.7063.2078.6054.7028.5024.4032.7023.10
Inventory Days76.1074.9094.1059.8063.8077.7064.5076.10105.40107.30
Payable Days5077.30138.9058.7068.1068.9044.8039.1031.1025.80

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

Ponni Sugars (Erode) Ltd FAQs

The current trading price of Ponni Sugars (Erode) on 04-Jun-2026 16:59 is ₹306.6.

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 03-Jun-2026 the market cap of Ponni Sugars (Erode) stood at ₹263.7 Cr

The latest P/E ratio of Ponni Sugars (Erode) as of 03-Jun-2026 is 5.49.

The latest P/B ratio of Ponni Sugars (Erode) as of 03-Jun-2026 is 0.46.

The 52-week high of Ponni Sugars (Erode) is ₹368.8 and the 52-week low is ₹253.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ponni Sugars (Erode) is ₹415 ( Cr.) .

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

The key valuation ratios of Ponni Sugars (Erode) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About Ponni Sugars (Erode) Ltd

Ponni Sugars (Erode) Ltd was incorporated in 1996, it is an offspring of Ponni Sugars and Chemicals (PSCL) under a Demerger Scheme sanctioned by the Hon’ble High Court of Madras on September 10, 2001. In terms of the scheme, the company took over the business of Erode Undertaking with concurrent transfer of major part of stakeholders’ interest in PSCL to the company. Ponni Sugars is the brainchild of late S Viswanathan, a renowned industrialist of the South. The Erode sugar mill was set up with 1250 TCD capacity in 1984 in a record time of 12 months. It achieved full capacity crushing during the very first year of its commercial operation that enabled declaration of a maiden dividend of 10% in that very first year, a record in the annals of sugar industry. It was a trendsetter in mobilising surplus cane during its infancy stage from neighbouring sugar mills and extending crushing season to well above industry average. Its capacity was expanded to 2500 TCD in 1994.

The Erode sugar mill has successfully implemented an innovative Lift Irrigation Scheme by bringing in dry lands under cane cultivation, utilizing the effluent discharge of the neighbouring paper mill. This has helped secure multitudinal benefits – providing a dependable and perennial source of irrigation to farmers in the neighbourhood, increase of land value manifold in the region, transforming the livelihood of local rural population, resolving the raw material needs of sugar and paper mills and addressing ecological concerns in effluent discharge.

Right at its inception, Ponni was structured on the concept of total diversion of bagasse for paper. Accordingly it installed a coal fired boiler and later added a multi fuel boiler in place of conventional bagasse fired boilers. It has a bagasse tie up arrangement with Seshasayee Paper and Boards Ltd for a mutually beneficial and rewarding long term relationship.

Ponni is an efficient and quality producer of sugar, catering to both domestic and international markets. It is a venerable partner for villagers growing sugarcane in its neighbourhood. It enjoys cordial relationship with employees. It firmly believes in transparent and fair dealings with all its stakeholders by following sound corporate governance norms both in letter and spirit.

Other group companies:

  • Seshasayee Paper and Boards Limited
  • High Energy Batteries (India) Limited
  • SPB Projects and Consultancy Limited
  • Esvin Advanced Technologies Limited

Business area of the company:

  • The company is engaged in the manufacturing of sugar and its by products. It manufactures cane sugar, cane molasses and bagasse.

Major events:

  • 26-12-1996 - The company incorporated under the name SPB Sugars and Chemicals Limited 
  • 25-01-2000 - Name of the company changed to Ponni Sugars (Erode) Limited 
  • 10-09-2001 - Demerger Scheme for the transfer of Erode Undertaking of Ponni Sugars and Chemicals Ltd established in 1984 to the company effective 01.04.1999. Sanctioned by High Court of Madras.
  • 18-10-2001 - Completion date of Demerger Scheme which comes into effect from 01.04.1999. 

Achievements/ recognition:

  • ISO 9001:2000 for quality Management System Standard
  • ISO 14001:2004 Environmental Management System Standard
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