SBEC Sugar Limited

SBEC Sugar Limited

SBECSUG.BO
SBEC Sugar LimitedIN flagBombay Stock Exchange
71.95
INR
+3.42
- -
3.43BMarket Cap
SBEC Sugar Limited
SBECSUG.BO
(Bombay Stock Exchange)

Recent

price

71.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
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
132.27
- -
115.12
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
-2.54
10.09
- -
3.92
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
14.24
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
14.25
4.79
-11.15
-22.88
-15.27
40.34
31.64
13.81
3.45
3.99
-1.13
-2.73
-4.57
-7.8
10.01
- -
10.01
Book Value per Share
14.39
9.52
-6.42
-18.48
-10.86
48.83
39.47
21.59
10.92
11.01
5.32
3.39
1.21
-7.93
-11.91
- -
35.14
Tangible Book Value per Share
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
6,305
5,485
5,485
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
3.59
3.25
-4.25
-4.25
Operating Margin (%)
74
84
72
75
32
35
199
200
204
204
211
207
212
214
194
185
185
Depreciation Expense
40
-453
-762
-558
-284
37
-414
-849
-509
8
-271
-86
-105
-121
481
187
187
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
316.87
1.83
3.82
3.82
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
-1.85
7.63
3.4
3.4
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
-3,560
Working Capital
1,825
313
199
211
181
64
695
386
1,915
1,817
1,140
550
190
528
553
471
471
LT Debt
689
454
-306
-881
-517
2,328
1,881
1,029
520
525
253
161
58
-378
-568
1,674
1,674
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-32.47
11.9
-7.66
-7.66
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-44.59
38.76
21.6
26.38
Return on Capital (%)
6
-99.6
- -
- -
- -
- -
-24.14
-78.43
-123.66
4.46
- -
- -
- -
- -
- -
39.11
75.72
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
2,218
- -
2,263
LT Borrowings
789
- -
471
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
- -
48
Market Capitalization
1,581
1,545
1,393

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
497
- -
2,847
Cash, Cash Equivalents & STI
50
- -
45
Accounts Receivable, Net
138
- -
245
Inventories
256
- -
2,517
Total Current Liabilities
4,552
- -
6,408
Payables & Accruals
- -
- -
- -
ST Debt
2,218
- -
2,263
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-136.62%
-240.28%
-394.99%
Free Cash Flow
-169.84%
-118.16%
-142.64%
Net Income, GAAP
-536.92%
-117.85%
-61.21%
Sales/Revenue/Turnover
5.83%
-0.69%
-13.01%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,366
1,346
1,441
2,372
6,525
2025
1,412
1,371
1,431
2,091
6,305
2026
1,199
1,467
1,230
1,589
5,485

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-4.57
-4.52
-0.44
- -
-2.54
2025
-2.59
-48.33
-4.68
23.72
10.09
2026
-5.47
-6
-3.63
19.01
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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.