AVADH SUG & ENERGY LTD

Manufactures sugar from sugarcane as its main business, with two integrated by-product lines. In FY26, the sugar segment generated Rs 2,571.51 crore of revenue (76.9% of segment revenue) and Rs 101.84 crore of EBIT, while the distillery segment produced Rs 529.62 crore of revenue (15.8%) and Rs 42.00 crore of EBIT, and co-generation added Rs 226.74 crore (6.8%) and Rs 34.47 crore of EBIT. The distillery business converts molasses into ethanol, and the co-generation unit burns bagasse (a sugar milling by-product) to generate power, indicating the plant operates as an integrated sugar-and-ethanol complex with captive power. The economics are cyclical and seasonal: quarterly filings show the sugar and co-generation segments swinging between profit and loss depending on the crushing-season phase, while distillery earnings vary with ethanol offtake. Total FY26 revenue stood at Rs 2,693.52 crore with a net profit of Rs 57.31 crore and EBITDA margin of 8.32%. The largest cost line is raw materials at 78.5% of revenue, consistent with sugarcane being the dominant input. The board has recommended a Rs 10 per share (100% of face value) dividend for FY26.