SBEC Sugar Ltd.

BSE: SBECSUG532102ISIN INE948G01019

Fast Moving Consumer Goods
Sugar

Share price

₹59.85+3.85 (+6.88%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹88.84
52W low: ₹26.85
Off 52W high: -32.63%
1M return: -18.32%
3M return: -9.50%
6M return: +93.44%
1Y return: +91.28%
20D avg volume: 2,816
50 DMA: ₹65.60
200 DMA: ₹49.57

Key ratios Consolidated

Market cap: ₹285.21 Cr
Current price: ₹59.85
52W high / low: ₹88.84 / ₹26.85
Face value: ₹10.00
P/E: 5.30
P/B: 1.71
EPS (TTM): ₹11.30
Book value / share: ₹35.10
ROE: —
ROCE: 24.30%
Operating margin: —
Net margin: —
Debt / equity: 1.63
Net debt: ₹271.05 Cr
Interest cover: 1.43
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -78.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	99.00	158.89	122.97	146.72	119.88	209.06	143.13	137.12	141.17	239.17	144.10	134.63
	0.91	2.36	1.46	0.24	0.02	0.40	0.02	0.03	0.08	0.82	0.00	0.01
	99.90	161.25	124.43	146.96	119.90	209.46	143.15	137.15	141.25	239.99	144.10	134.65
	107.78	153.27	141.73	175.54	145.95	162.21	165.46	167.47	153.58	203.95	146.19	156.18
	1.57	216.05	208.57	0.25	14.32	273.99	202.03	0.12	37.65	285.57	189.06	0.86
	71.72	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	4.09	6.74	7.15	4.35	4.21	6.52	7.55	4.29	4.09	7.49	6.00	3.96
	12.32	12.23	12.97	10.93	8.56	9.69	10.04	9.56	9.46	8.21	5.17	4.80
	4.55	3.99	4.56	5.15	4.84	3.26	5.41	5.36	5.34	5.43	5.32	5.32
	13.53	21.73	24.04	14.55	12.73	22.02	16.62	13.59	16.51	29.01	15.16	15.93
	-7.88	7.98	-17.30	-28.58	-26.05	47.25	-22.31	-30.32	-12.33	36.04	-2.09	-21.54
	17.03	83.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	9.15	91.33	-17.30	-28.58	-26.05	47.25	-22.31	-30.32	-12.33	36.04	-2.09	-21.54
	0.00	0.74	0.00	0.00	0.00	0.90	0.00	0.00	0.00	3.66	0.00	0.02
	9.15	90.59	-17.30	-28.58	-26.05	46.35	-22.31	-30.32	-12.33	32.38	-2.09	-21.56
	1.92	19.01	-3.63	-6.00	-5.47	9.73	-4.68	-6.36	-2.59	6.79	-0.44	-4.52
Key metrics
	26.02	107.55	0.23	-12.50	-12.65	60.20	-6.86	-15.40	2.47	49.68	8.40	-11.42
	26.30%	67.70%	0.20%	-8.50%	-10.60%	28.80%	-4.80%	-11.20%	1.70%	20.80%	5.80%	-8.50%
	9.20%	57.00%	-14.10%	-19.50%	-21.70%	22.20%	-15.60%	-22.10%	-8.70%	13.50%	-1.50%	-16.00%
	—	39.30%	—	508.60%	—	176.30%	—	—	—	—	—	—
	-17.40%	-24.00%	-14.10%	7.00%	-15.10%	-12.60%	-0.70%	1.80%	—	—	—	—
	135.10%	95.40%	22.50%	5.70%	-111.30%	43.10%	-967.50%	-40.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	527.58	548.45	630.49	654.51	658.46	614.01
	4.97	4.08	0.52	0.84	10.64	6.54
	532.54	552.54	631.01	655.35	669.11	620.55
	578.32	616.48	648.72	653.83	677.41	627.98
	426.44	439.19	513.79	550.64	524.15	522.64
	71.72	0.00	0.00	—	—	22.64
	22.33	22.46	22.46	22.50	22.11	19.14
	48.45	44.70	38.75	22.75	18.37	18.45
	18.25	18.54	19.37	21.36	21.18	20.71
	73.85	73.04	68.73	70.17	—	69.69
	-45.78	-63.95	-17.71	1.52	-8.30	-7.43
	100.37	83.34	0.00	0.00	0.00	0.00
	54.60	19.40	-17.71	1.52	-8.30	-7.43
	0.74	0.74	0.90	4.82	2.17	1.14
	53.86	18.66	-18.61	-3.30	-10.47	-8.57
	11.30	3.91	-3.90	-0.69	-2.20	-1.63
Key metrics
	121.30	82.64	40.41	45.63	31.25	31.73
	22.99%	15.10%	6.40%	7.00%	4.70%	5.20%
	10.21%	3.40%	-3.00%	-0.50%	-1.60%	-1.40%
	—	24.30%	65.20%	—	—	—
	-13.40%	-13.00%	-3.70%	-0.60%	7.20%	—
	—	200.30%	-463.90%	68.50%	-22.20%	—
	—	-28.95	67.90	—	—	—
	—	-1.46	-3.77	—	—	—
	—	1.63	-3.56	—	—	—
	—	271.05	201.20	—	—	—
	—	-78.3	-109.9	—	—	—
Balance sheet
	—	904.13	714.23	—	—	—
	—	284.73	302.52	—	—	—
	—	2.36	0.86	—	—	—
	—	24.52	28.39	—	—	—
	—	251.67	269.23	—	—	—
	—	3.24	2.45	—	—	—
	—	205.44	222.58	—	—	—
	—	393.80	487.46	—	—	—
	—	640.77	681.94	—	—	—
	—	273.41	202.06	—	—	—
	—	226.29	146.80	—	—	—
	—	47.12	55.26	—	—	—
	—	167.41	-56.75	—	—	—
Cash flow
	—	-27.33	70.08	—	—	—
	—	2.17	-2.04	—	—	—
	—	26.65	-68.58	—	—	—
	—	1.62	2.18	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	98.77	153.51	115.55	146.72	119.38	203.45	139.88	137.12	140.63	233.76	140.38	134.63
	0.59	2.01	0.16	0.03	0.02	0.39	0.01	0.01	0.08	0.71	0.00	0.01
	99.35	155.53	115.71	146.75	119.40	203.84	139.90	137.13	140.71	234.47	140.38	134.65
	103.67	148.82	136.30	172.29	142.79	158.36	161.33	163.21	150.47	200.58	142.17	152.67
	1.57	216.05	208.57	0.25	14.32	273.99	202.03	0.12	37.65	285.57	189.06	0.86
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	3.27	5.78	6.14	3.47	3.39	5.52	6.57	3.45	3.35	6.58	5.09	3.10
	11.48	11.43	11.43	10.55	8.22	9.35	9.37	9.16	9.05	7.84	5.09	4.70
	4.05	3.48	4.02	4.66	4.34	2.87	4.87	4.81	4.79	4.88	4.77	4.77
	11.73	19.42	21.73	13.08	11.32	19.77	14.68	11.07	15.14	27.50	12.68	13.97
	-4.32	6.70	-20.59	-25.54	-23.38	45.48	-21.43	-26.07	-9.76	33.90	-1.79	-18.02
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	-4.32	6.70	-20.59	-25.54	-23.38	45.48	-21.43	-26.07	-9.76	33.90	-1.79	-18.02
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	-4.32	6.70	-20.59	-25.54	-23.38	45.48	-21.43	-26.07	-9.76	33.90	-1.79	-18.02
	-0.91	1.41	-4.32	-5.36	-4.91	9.54	-4.50	-5.47	-2.05	7.11	-0.38	-3.78
Key metrics
	11.21	21.61	-5.14	-10.33	-10.82	57.70	-7.19	-12.10	4.08	46.62	8.07	-8.55
	11.30%	14.10%	-4.40%	-7.00%	-9.10%	28.40%	-5.10%	-8.80%	2.90%	19.90%	5.70%	-6.40%
	-4.40%	4.40%	-17.80%	-17.40%	-19.60%	22.40%	-15.30%	-19.00%	-6.90%	14.50%	-1.30%	-13.40%
	—	-37.80%	—	70.60%	—	538.10%	—	—	—	—	—	—
	-17.30%	-24.50%	-17.40%	7.00%	-15.10%	-13.00%	-0.40%	1.80%	—	—	—	—
	81.50%	-85.30%	3.90%	2.00%	-139.50%	34.20%	-1,097.20%	-44.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	514.55	535.16	621.09	643.88	646.99	602.19
	2.79	2.23	0.49	0.73	1.48	0.84
	517.34	537.39	621.58	644.61	648.46	603.03
	561.08	600.20	633.36	639.96	661.37	613.68
	426.44	439.19	513.79	550.64	524.15	522.64
	0.00	0.00	0.00	—	—	—
	18.66	18.78	18.88	19.04	18.75	16.29
	44.89	41.63	36.93	21.86	15.46	15.06
	16.21	16.50	17.34	19.16	18.98	18.51
	65.96	65.55	60.66	62.80	57.15	63.84
	-43.75	-62.81	-11.79	4.65	-12.91	-10.66
	0.00	0.00	0.00	—	—	—
	-43.75	-62.81	-11.79	4.65	-12.91	-10.66
	0.00	0.00	0.00	—	—	—
	-43.75	-62.81	-11.79	4.65	-12.91	-10.66
	-9.18	-13.18	-2.47	0.98	-2.71	-2.24
Key metrics
	17.35	-4.68	42.48	45.67	21.53	22.91
	3.37%	-0.90%	6.80%	7.10%	3.30%	3.80%
	-8.50%	-11.70%	-1.90%	0.70%	-2.00%	-1.80%
	—	44.20%	246.70%	—	—	—
	-14.22%	-13.80%	-3.50%	-0.50%	7.40%	—
	—	-432.70%	-353.50%	136.00%	-21.10%	—
	—	-48.72	59.50	—	—	—
	—	0.76	-5.23	—	—	—
	—	-2.22	-3.02	—	—	—
	—	271.98	183.54	—	—	—
	—	-89.3	-117.4	—	—	—
Balance sheet
	—	611.16	711.59	—	—	—
	—	268.09	289.97	—	—	—
	—	1.43	0.55	—	—	—
	—	12.82	20.08	—	—	—
	—	248.09	265.64	—	—	—
	—	3.11	2.37	—	—	—
	—	165.45	181.23	—	—	—
	—	391.76	485.46	—	—	—
	—	659.09	701.40	—	—	—
	—	273.41	184.09	—	—	—
	—	226.29	145.76	—	—	—
	—	47.12	38.33	—	—	—
	—	-123.22	-61.03	—	—	—
Cash flow
	—	-47.82	61.68	—	—	—
	—	1.01	-2.06	—	—	—
	—	47.68	-60.14	—	—	—
	—	0.90	2.18	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -6.13%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -14.22%
Profit YoY (TTM): -72.24%

Consolidated

Sales CAGR 3Y: -5.91%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -13.40%
Profit YoY (TTM): +266.59%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 65.12%

Quarter	September 2026	June 2026
Promoter %	65.12%	65.12%

Holder	Type	Holding	Previous	Change
Sbec Systems India Limited	Promoter Group	29.86%	29.86%	0.00%
Moderate Leasing And Capital Services Ltd	Promoter Group	19.02%	19.02%	0.00%
ABHIKUM LEASING AND INVESTMENTS PRIVATE LIMITED	Public	11.81%	11.79%	+0.02%
A To Z Holdings Private Limited	Promoter Group	7.05%	7.05%	0.00%
Longwell Investment Pvt Ltd	Promoter Group	5.71%	5.71%	0.00%
T C HEALTHCARE PRIVATE LIMITED	Public	3.92%	3.92%	0.00%
Umesh Kumar Modi	Promoter	3.30%	3.30%	0.00%
KARVY CONSULTANTS LIMITED	Public	1.60%	1.60%	0.00%
PARAS MAL JAIN	Public	1.49%	1.49%	0.00%
JAYESH MODI	Promoter	0.12%	0.12%	0.00%
KUMKUM MODI	Promoter	0.06%	0.06%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
BALRAMPUR CHINI MILLS LTD	14,260	673.80	38.43	11.10%	+14.99% TTM	-11.31% TTM	+49.75%
Triveni Engineering & Industries Ltd	5,420	245.95	15.82	11.90%	+2.09% TTM	+35.30% TTM	-31.33%
Bajaj Hindusthan Sugar Limited	4,497	18.81	38.95	1.90%	-1.93% TTM	+187.63% TTM	-14.31%
Bannari Amman Sugars Ltd. S	4,326	3,450.05	35.53	8.80%	-7.59% TTM	+7.28% TTM	-3.69%
Shree Renuka Sugars Ltd.	3,940	18.51	-6.51	-16.90%	-9.05% TTM	+18.64% TTM	-36.70%
Dalmia Bharat Sugar and Industries Ltd S	3,917	483.95	15.40	9.80%	-5.07% TTM	-24.81% TTM	+40.95%
AVADH SUGAR & ENERGY LIMITED S	1,793	895.60	27.18	10.30%	+4.23% TTM	-6.90% TTM	+110.36%
Uttam Sugar Mills Ltd	1,403	367.90	15.43	17.60%	-5.00% TTM	-17.08% TTM	+50.22%
Dhampur Sugar Mills Ltd.	1,096	170.50	15.55	9.20%	+4.94% TTM	+36.33% TTM	+26.30%
Dhampur Bio Organics Limited	874	131.60	10.40	7.90%	+15.13% TTM	+1,230.15% TTM	+65.83%
Dwarikesh Sugar Industries Ltd. S	808	43.58	23.81	5.90%	-4.05% TTM	+125.76% TTM	+3.29%
Magadh Sugar & Energy Limited S	806	572.10	15.79	10.70%	-5.70% TTM	-48.02% TTM	+5.17%
Zuari Industries Limited	715	239.95	6.72	2.80%	+9.70% TTM	+273.55% TTM	-25.52%
Mawana Sugars Ltd	625	159.80	22.70	13.40%	+8.61% TTM	-72.58% TTM	+83.61%
DCM Shriram Industries Ltd.	532	61.20	—	17.10%	-3.72% TTM	-50.02% TTM	—
Ugar Sugar Works Ltd.	476	42.35	—	—	+24.78% TTM	+17.47% TTM	+0.02%
K. M. Sugar Mills Ltd.	305	33.11	6.33	20.60%	-8.26% TTM	+15.48% TTM	+19.79%
Ponni Sugars (Erode) Ltd. S	293	340.95	5.18	14.80%	+28.11% TTM	+200.80% TTM	+13.57%
K C P SUGAR AND INDUSTRIES CORPORATION LTD.	288	25.36	7.52	4.40%	-0.91% TTM	+285.71% TTM	-17.26%
SBEC Sugar Ltd.	285	59.85	5.30	24.30%	-13.40% TTM	+266.59% TTM	+91.28%
Sakthi Sugars Ltd. S	201	16.93	7.33	15.50%	+16.25% TTM	+30.65% TTM	-17.01%
Rana Sugars Ltd. S	186	12.11	0.73	8.90%	+215.30% TTM	+596.29% TTM	-16.37%
Oswal Overseas Ltd S	149	115.15	-17.29	-61.40%	-92.67% TTM	+30.87% TTM	+38.50%
Dollex Agrotech Limited	143	35.85	—	—	—	—	—
Dhampure Speciality Sugars Ltd.	135	154.85	20.42	17.40%	+43.59% TTM	+60.14% TTM	+68.83%

Filings & corporate actions

Recent announcements

Compliance Certificate under Reg 74(5) for the quarter ended 30th September, 2026.12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Publication for Special Window for re-lodgment of transfer request of physical shares.8 Oct 2026 · Company Update / Newspaper Publication
Scrutinizer report along with voting result of 32nd AGM30 Sep 2026 · AGM/EGM / AGM
Proceedings of 32nd Annual General Meeting of the Company.29 Sep 2026 · AGM/EGM / AGM
Outcome of the 32nd AGM of the Company.29 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Addendum in the agreement..9 Sep 2026 · Company Update / Memorandum of Understanding /Agreements
Newspaper publication7 Sep 2026 · Company Update / Newspaper Publication
Dispatch Letter to shareholder whose email address are not registered.5 Sep 2026 · Company Update / General
32nd AGM Book Closure Intimation.5 Sep 2026 · Corp. Action / Book Closure
Annual Report for the F.Y 2025-265 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 32nd Annual General Meeting (AGM) of SBEC Sugar Limited5 Sep 2026 · AGM/EGM / AGM
Newspaper Advertisement in respect of 32nd Annual General Meeting of the Company.2 Sep 2026 · Company Update / Newspaper Publication
News paper publication on 15-08-202615 Aug 2026 · Company Update / Newspaper Publication
Re-Appointment of Cost Auditor for the F.Y. 26-2714 Aug 2026 · Company Update / Change in Management
Outcome of the Board Meeting held on 14-08-2026 as per Regulation 30, SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Outcome of Board Meeting held on 14-8-2026.14 Aug 2026 · Result / Financial Results
Intimation of resignation of Company Secretary13 Aug 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
SBEC Sugar Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve the Un-Audited (Standalone & Consolidated) ....7 Aug 2026 · Board Meeting / Board Meeting
Disclosure regarding Closure of Loan11 Jul 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (DP) regulations, 2018 for the quarter ended June 30, 20267 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Availing Unsecured Loan facility7 Jul 2026 · Company Update / General
Closure of Trading Window with effect from July 01, 2026 till 48 hours after the declaration of financial results for the quarter ended June 30, 202624 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 for entering into agreement for inter Corporate Deposit with M/s Longwell Investment Private Limited19 Jun 2026 · Company Update / General
Newspaper publication as per Regulation 47 of SEBI (LODR) Regulations 201531 May 2026 · Company Update / Newspaper Publication
Due to technical glitches, we are hereby submitting again the copy of Audited Standalone and Consolidated Financial Results for the year ending March 31, 2026 along with all annexures30 May 2026 · Company Update / General
Financial Results as on 31.03.202629 May 2026 · Result / Financial Results
Outcome of Board Meeting held on 29.05.202629 May 2026 · Board Meeting / Outcome of Board Meeting
Annual Secretarial Compliance Report for the year ended March 31, 2026.27 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
SBEC Sugar Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve Financial Results for the Quarter ....21 May 2026 · Board Meeting / Board Meeting
Intimation for receiving balance amount under One Time Settlement agreement entered by Company with Modi Industries Limited on February 03, 20264 May 2026 · Company Update / General
Resignation of Company Secretary and Compliance Officer of the Company4 May 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Appointment of Company Secretary and Compliance Officer1 May 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Resignation of Company Secretary and Compliance Officer1 May 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Newspaper Publication 25-4-202625 Apr 2026 · Company Update / Newspaper Publication
Certificate under Reg 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended March, 31, 2026.10 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of closure of trading window26 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper publication on 18-02-2026.18 Feb 2026 · Company Update / Newspaper Publication
Newspaper Publication Unaudited Financial Results for the quarter and nine months ended on 31st December, 2025.11 Feb 2026 · Company Update / Newspaper Publication
Appointment of Mr. Anil Kumar Goel as Company Secretary and Compliance Officer of the Company.10 Feb 2026 · Company Update / Appointment of Company Secretary / Compliance Officer

Board meetings

14 Aug 2026 Board Meeting - Financial Results