TickerSutra

NSE: MAWANASUG · BSE: 523371 · ISIN INE636A01039

Mawana Sugars Limited stock analysis

Mawana Sugars Limited ranks #4596 in the TickerSutra evidence-ranked universe with a score of 32/100 and 95% data confidence. The latest captured fundamentals show ROCE of 8.3%, quarterly sales growth of 3.8% and quarterly profit growth of -70.5%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE32/100

Avoid / exit review

#4596 of 5,430 ranked equities
Market capitalisation₹557.54cr
ROCE8.3%
Quarterly sales growth3.8%
Quarterly profit growth-70.5%
P/E ratio16.4×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Debt/equity is above 0.5×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹1,478cr₹105cr₹26cr7.0%
2023₹1,482cr₹77cr₹13cr5.0%
2024₹1,355cr₹90cr₹38cr7.0%
2025₹1,446cr₹122cr₹109cr8.0%
2026₹1,571cr₹105cr₹37cr7.0%
TTM₹1,586cr₹89cr₹28cr6.0%
Debt / equity0.80×
CFO / EBITDA0.70×
Operating margin6.0%
Free cash flow₹41cr
Sales CAGR · 3Y2.0%
Profit CAGR · 3Y41.7%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts9 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Management confidenceHigh severity · 1 mention
Constructive

Impairment testing for goodwill has been carried out considering their recoverable amounts which, inter-alia, includes estimation of their value-in-use based on management projections. Based on the above assessment including fair valuation and considering expected growth in the business of MFPL and corrective action taken by management to improve liquidity and profitability, the management is confident of MFPL ’s abi

Regulatory updatesLow severity · 14 mentions
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The standalone financial statements for the year ended March 31, 2026 have been prepared without giving effect to the proposed merger, pending completion of the aforesaid approvals and other compliances. 60 Pursuant to the notification of the Captive and Renewable Energy (CRE) Regulation, 2024 issued by the Uttar Pradesh Electricity Regulatory Commission (UPERC) on October 17, 2025, a new tariff structure has been im

Regulatory approvalLow severity · 13 mentions
Watch

The matter was also examined by SEBI under Regulation 31, and the Company had duly provided necessary clarifications. Subsequently, the Company received approval from SEBI for the said reclassification on December 08, 2025. 73 13.1 Share Capital (Contd.) As at March 31, 2025 Promoters Name No.

Institutional interestLow severity · 2 mentions
Watch

Without having to go through SCORES portal, investor/client can directly initiate dispute resolution through the ODR Portal if the grievance lodged with the concerned company was not satisfactorily resolved, provided the complaint/ dispute is not under consideration in SCORES portal or not pending before any arbitral process, court, tribunal or consumer forum or are non-arbitrable in terms of Indian law. (h) Institut

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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