Magadh Sugar & Energy Limited
MAGADHSUGAR.BO
Bombay Stock Exchange657.60
INR
-2.10
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Magadh Sugar & Energy Limited
MAGADHSUGAR.BO
(Bombay Stock Exchange)
Recent
price
657.60
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- Magadh Sugar & Energy Limited manufactures and sells sugar and its by-products, including molasses, bagasse, and press mud; produces denatured spirits such as ethanol and rectified spirit; and generates and sells co-generated power from bagasse in India. A key part of the K.K. Birla Group of Sugar Companies with units originally established in 1932 and restructured through mergers and demergers on March 19, 2015, the company operates three integrated sugar complexes in Bihar at Narkatiaganj, Sidhwalia, and Hasanpur, offering a combined sugarcane crushing capacity of 21,500 tonnes per day (TCD), distillery capacity of 155 kilolitres per day (KLPD) primarily based on molasses with conversion to grain-based under implementation, and power co-generation capacity of 38 megawatts (MW). Listed on the National Stock Exchange and Bombay Stock Exchange with corporate headquarters in Kolkata, West Bengal, and registered office in Hargaon, Sitapur District, Uttar Pradesh, it serves wholesalers across six states, engages with over 88,500 sugarcane farmers, and employs more than 1,200 personnel while emphasizing sustainability, biofuel ambitions, and alignment with India's ethanol blending program. Recent developments include expansion of crushing capacity from 19,000 TCD to 21,500 TCD with 2,500 TCD added at Narkatiaganj, completion of steam-saving initiatives and increased capacity from 7,500 TCD to 10,000 TCD at the same unit for the 2024-25 season, and board approval on November 11, 2024, for a 100 KLPD greenfield multi-feed distillery with steam saving at Hasanpur at an estimated cost of Rs 206.87 crore to be funded by debt and internal accruals and operational by March 2027.