Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · INDIAN SUCROSE LTD. · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
INDIAN SUCROSE LTD.
BSE: 500319
BSE: 500319
Fast Moving Consumer Goods › Fast Moving Consumer Goods › Agricultural Food & other Products › Sugar
INDIAN SUCROSE LTD.
StateQ4 FY26 filed
Last close · 28 Oct 2026₹69.52
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA3.3 · 0.41 · 3.1
INDIAN SUCROSE LTD. is a Agricultural Food & other Products company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 443 | 452 | 529 | 546 | 511 |
| EBITDA (ex other income) | 59 | 65 | 69 | 73 | 62 |
| margin % | 13.3 | 14.3 | 13.0 | 13.4 | 12.1 |
| Owners' profit | 37 | 30 | 33 | 38 | 31 |
| EPS, as reported (₹) | 24.07 | 17.27 | 18.84 | 22.09 | 17.90 |
| ROE % · ROCE % | 24.6 · 27.7 | 16.5 · 28.3 | 15.3 · 26.9 | 14.9 · 25.5 | 10.7 · 19.5 |
| Debt / equity (x) | 1.19 | 1.23 | 0.97 | 0.82 | 0.66 |
| Cash from operations | 87 | 47 | 56 | 68 | (37) |
| Capex | (37) | (22) | (11) | (9) | (8) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · INDIAN SUCROSE LTD. · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 125 | 57 | 52 | 312 | 84 | 39 | 80 | 308 |
| Profit before tax | 4 | (4) | 4 | 49 | 3 | (3) | 7 | 37 |
| Net profit | 3 | (3) | 3 | 36 | 2 | (4) | 7 | 26 |
| EPS (₹) | 1.61 | (1.89) | 1.65 | 20.72 | 1.14 | 1.39 | 3.87 | 15.01 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Sugar | 540 | 84.8 |
| Cogeneration | 86 | 13.6 |
| Other | 10 | 1.6 |
| Total, before eliminations | 636 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BALRAMPUR CHINI MILLS LTD | 13,331 | 34.4 | 3.22 | 21.2 | 9.1 | 9.7 | 5.4 | 7.9 |
| TRIVENI ENGG. & INDS. LTD | 4,955 | 17.6 | 1.48 | 11.6 | 8.0 | 9.4 | 10.1 | 3.3 |
| BAJAJ HINDUSTHAN SUGAR LT | 4,237 | 13.1 | 1.11 | 20.6 | 3.3 | 1.5 | (3.9) | (10.4) |
| BANNARI AMMAN SUGARS LTD | 3,944 | 32.4 | 2.06 | — | 7.7 | 8.7 | — | 0.5 |
| SHREE RENUKA SUGARS LTD | 3,894 | — | — | 70.7 | 29.6 | (108.2) | 10.2 | (3.1) |
| DALMIA BHARAT SUG IN LTD | 3,284 | 13.7 | 1.02 | 9.1 | 7.3 | 8.0 | 6.1 | 8.3 |
| UTTAM SUGAR MILLS LTD. | 1,202 | 13.8 | 1.35 | 8.1 | 11.3 | 12.7 | — | 4.5 |
| DHAMPUR SUGAR MILLS LTD. | 1,064 | 15.2 | 0.89 | 9.8 | 5.5 | 5.8 | (7.9) | 4.7 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.3 | 14.5 | 1 of 20 | 100% |
| P/B | 0.4 | 0.9 | 4 of 26 | 84% |
| ROCE | 12.8 | 3.0 | 3 of 27 | 92% |
| ROE | 10.7 | 3.5 | 6 of 26 | 80% |
| Debt / Equity | 0.7 | 0.6 | 15 of 26 | 44% |
| EBITDA margin | 15.2 | 4.6 | 4 of 26 | 88% |
| Revenue growth | (1.4) | 5.5 | 16 of 25 | 38% |
| Profit growth | (27.6) | (14.4) | 15 of 27 | 46% |
| Market cap | 121 | 282 | 20 of 28 | 30% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · INDIAN SUCROSE LTD. · 29 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Indian Sucrose: Sr. VP Finance and Accounts Vipin Kumar Agrawal resigns | management changes | high | — | — |
| 8 Oct 2026 · Report on physical share transfer re-lodgment requests for September 2026 | compliance | minimal | — | — |
| 6 Oct 2026 · RTA compliance certificate under SEBI Reg 74(5) for Sep 2026 quarter | compliance | minimal | — | — |
| 1 Oct 2026 · 35th AGM: All 6 resolutions approved with 99.99 percent majority | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Re-appointment of Statutory Auditor SSVS & Co. for second 5-year term | management changes | medium | — | — |
| 30 Sept 2026 · Indian Sucrose shareholders approve Secretarial Auditor for 5 years | management changes | medium | — | — |
| 30 Sept 2026 · 35th AGM held on September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 22 Sept 2026 · Trading window closure from Oct 1, 2026 ahead of Q2 results | compliance | minimal | — | — |
| 8 Sept 2026 · Monthly report on re-lodged physical share transfers - August 2026 | compliance | minimal | — | — |
| 8 Sept 2026 · Newspaper publication for 35th AGM notice and annual report dispatch | compliance | minimal | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in