SBEC Sugar Limited

SBEC Sugar Limited

BBSE:SBECSUG
58.50
INR
-6.50
(-10.00%)
11.30EPS
5.24P/E
2.82BMarket Cap
SBEC Sugar Limited
BSE:SBECSUG
(Bombay Stock Exchange)

Recent

price

58.50

P/E

ratio

5.24

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
66.67
62.29
66.1
82.18
91.19
83.75
60.06
101.37
87.5
100.96
120.72
128.49
134.93
136.93
132.08
114.79
110.71
Revenue per Share
0.83
-9.52
-15.99
-11.71
-5.95
0.78
-8.69
-17.83
-10.67
0.17
-5.7
-1.8
-2.2
-0.69
10.09
3.91
11.3
Basic EPS, GAAP
-15.91
-18.87
-3.14
36.53
17.44
6.12
-2.67
11.09
-37.97
7.18
15.22
16.38
11.3
-12.18
14.25
-6.08
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
14.46
4.96
-11.02
-22.74
-15.15
40.46
31.72
13.91
3.56
4.05
-1.08
-2.85
-4.66
-7.93
30.07
35.13
- -
Book Value per Share
14.46
4.96
-11.03
-22.74
-15.15
40.45
31.71
13.91
3.55
4.04
-1.08
-2.86
-4.67
-7.93
30.07
35.13
- -
Tangible Book Value per Share
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
48
Basic Weighted Avg Shares
3,193
2,968
3,150
3,916
4,346
3,991
2,862
4,831
4,170
4,811
5,753
6,123
6,430
6,525
6,294
5,470
5,276
Sales/Revenue/Turnover
2.22
-4.48
-8.35
-5.14
-3.42
3.1
-10.31
-14.35
-9.28
4.11
-0.84
1.02
-0.05
3.83
3.32
-4.21
-0.43
Operating Margin (%)
74
84
72
75
32
35
199
200
204
204
211
207
212
214
194
185
182
Depreciation Expense
40
-453
-762
-558
-284
37
-414
-849
-509
8
-271
-86
-105
-33
481
187
539
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
316.87
1.83
3.82
1.36
Effective Tax Rate (%)
1.24
-15.28
-24.18
-14.25
-6.53
0.94
-14.46
-17.59
-12.2
0.16
-4.72
-1.4
-1.63
-0.51
7.64
3.41
10.21
Profit Margin (%)
1,708
-1,041
-1,809
-2,338
-2,658
-2,797
-2,455
-3,447
-2,260
-2,270
-3,069
-3,743
-4,120
-4,081
-3,794
-3,560
- -
Working Capital
1,825
313
199
211
181
64
695
386
1,915
1,817
1,140
550
190
528
553
471
- -
LT Debt
689
454
-306
-881
-517
2,328
1,881
1,029
520
525
253
161
58
-378
1,433
1,674
- -
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-33.6
7.62
-5.54
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-39.13
31.94
15.68
- -
Return on Capital (%)
5.93
-97.98
- -
- -
- -
- -
-24.07
-78.13
-122.2
4.36
- -
- -
- -
- -
- -
12.01
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
2,263
- -
LT Borrowings
- -
471
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
1,545
1,394
2,822

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,847
- -
Cash, Cash Equivalents & STI
- -
45
- -
Accounts Receivable, Net
- -
245
- -
Inventories
- -
2,517
- -
Total Current Liabilities
- -
6,408
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,263
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-148.36%
-263.76%
16.84%
Free Cash Flow
-169.84%
-118.16%
-142.64%
Net Income, GAAP
-651.48%
-346.98%
-61.21%
Sales/Revenue/Turnover
5.81%
-0.74%
-13.09%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,412
1,371
1,431
2,091
6,294
2026
1,199
1,467
1,230
1,589
5,470
2027
990
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-2.59
-48.33
-4.68
23.72
10.09
2026
-5.47
-6
-3.63
19.01
3.91
2027
1.92
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
Business
SBEC Sugar Limited engages in the manufacturing and sale of high-quality white crystal sugar. The company produces refined sugar and specialty sugar products, operating primarily in India with significant activities in the western Uttar Pradesh sugarcane belt. Founded in 1991 and headquartered in Muzaffarnagar, Uttar Pradesh, SBEC Sugar manufactures sugar under well-established milling and refining processes and markets its products across domestic and select international markets. The company also operates through subsidiaries including SBEC Stockholding & Investments Limited. In recent developments, SBEC Sugar Limited has undergone significant ownership consolidation with SBEC Systems (India) Limited acquiring an additional 26% stake, increasing its total holding to 55.77% as of mid-2025. This acquisition reflects a strategic move to strengthen control and integrate operations more closely with its promoter group. Additionally, SBEC Sugar received approval in the 2023-24 period to expand its sugar production capacity to 10,000 tonnes crushed per day (TCD), marking a major operational expansion. The company also entered a Technical and Services Agreement with SBEC Systems (India) Limited in early 2025 to enhance technological and operational collaboration. SBEC Sugar's product portfolio includes raw cane sugar, refined white crystal sugar, and specialty sugars tailored to domestic food manufacturers and industrial customers. The company leverages advanced manufacturing technology imported via its promoter group, SBEC Systems Ltd. UK, to maintain competitive product quality. Despite recent challenges reflected in sales fluctuations and profitability pressures, SBEC Sugar's strategic capacity expansion and strengthened promoter control position it to enhance market presence and operational efficiency. SBEC Sugar Limited operates within the sugar manufacturing industry segment and targets industrial sugar consumers, food processing companies, and wholesale distributors primarily in India. Its ongoing business expansions and technological partnerships demonstrate a focus on long-term growth in competitive regional and national sugar markets. The company continues to emphasize technological upgrades and capacity enhancements to meet increased demand and evolving market dynamics.