# Andhra Sugars share price today (Andhra Sugars Ltd, NSE: ANDHRSUGAR)

> Andhra Sugars share price today: ₹81.32 at the NSE close on 3 November 2026, up 0.0% in a year. Andhra Sugars (NSE: ANDHRSUGAR) is worth ₹1,102 crore, trades at a P/E of 9.4 and has closed between ₹67.95 and ₹102.58 over the past 52 weeks. > Andhra Sugars Ltd's earnings have grown faster than its share price. Earnings per share grew +221.5% in a year while the price moved +0.0%. ANDHRSUGAR · Sugar · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/andhra-sugars-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹81.32 (+0.0% in a year)
- P/E: 9.4× (lower than 53% of the last 11 years)
- Revenue (Jun 2026): ₹627 Cr (+4.5% on a year ago)
- Profit (Jun 2026): ₹47.0 Cr (+88.0% on a year ago)
- Operating margin: 12.0% (+3.0 points on a year ago)
- ROCE: 8%, FY26
- ROIC: 8.1%, against a 12.0% cost of capital: −3.9 points

The main question: yearly earnings per share moved +221.5% while the share price moved +0.0%. ## What is the Andhra Sugars share price today? Andhra Sugars Ltd's share price was ₹81.32 at the close on 3 November 2026. It has been rising for 27 weeks. That is 6.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹68 and ₹103, and at that close it sat 39% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running. Over the last 11 years the share price moved +235% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Andhra Sugars this quarter? 1. Best operating margin in 14 quarters Operating margin was 12% in the June 2026 quarter, against 9% a year earlier. 3. Revenue up on a year earlier for 8 quarters in a row In the June 2026 quarter revenue was ₹627 crore, +4.5% on a year earlier. ## What are Andhra Sugars' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Andhra Sugars reported revenue of ₹627 crore, up 4.5% from ₹600 crore a year earlier, and a profit of ₹47.0 crore, up 88.0% from ₹25.0 crore. ### Andhra Sugars results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹627 crore | ₹600 crore | +4.5% |
| Profit | ₹47.0 crore | ₹25.0 crore | +88.0% |
| Earnings per share | ₹3.37 | ₹1.73 | +94.8% |
| Operating margin | 12.0% | 9.0% | +3.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Andhra Sugars share price history? Andhra Sugars closed at ₹81.32 on 3 November 2026, up 0.0% from ₹81.28 a year earlier (31 October 2025) and down 36.8% over five years. Its highest weekly close since March 2016 was ₹171.70 on 22 April 2022. ### Andhra Sugars share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹76.40 | +6.4% |
| 1 month ago · 1 Oct 2026 | ₹91.06 | −10.7% |
| 6 months ago · 30 Apr 2026 | ₹97.67 | −16.7% |
| 1 year ago · 31 Oct 2025 | ₹81.28 | 0.0% |
| 3 years ago · 3 Nov 2023 | ₹109.45 | −25.7% |
| 5 years ago · 4 Nov 2021 | ₹128.58 | −36.8% |
| 10 years ago · 4 Nov 2016 | ₹46.53 | +74.8% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹24.25 | +235.3% |
| Highest weekly close since March 2016 · 22 Apr 2022 | ₹171.70 | −52.6% |
| 52-week high (weekly close) · 29 Apr 2026 | ₹102.58 | −20.7% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹67.95 | +19.7% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Andhra Sugars? 3 Nov 2026: Andhra Sugars closed at ₹81.32, up 6.4% on the week and down 10.7% on the month. 18 Sep 2026: ex-date for a dividend + special dividend of ₹1.40 a share. ### Earlier

- Results for April to June 2026: Revenue up 4.5% and profit up 88.0% on a year earlier. ## What dividend does Andhra Sugars pay? Andhra Sugars paid ₹1.20 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.48% at the ₹81.32 close on 3 November 2026. The last was a dividend + special dividend of ₹1.40 a share, ex-date 18 September 2026. ### Andhra Sugars dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 18 Sep 2026 | ₹1.40 | Dividend + Special | same day |
| 19 Sep 2025 | ₹0.80 | Dividend | same day |
| 17 Sep 2024 | ₹1 | Dividend | same day |
| 15 Sep 2023 | ₹2 | Dividend | n/a |
| 15 Sep 2022 | ₹4 | Dividend + Special | n/a |
| 15 Sep 2021 | ₹10 | Dividend | 16 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

₹0.20 Special dividends, last 12 months

Yes. Andhra Sugars Ltd paid out 20% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Andhra Sugars management say on the latest results call? Andhra Sugars' management made 0 promises we could check against what it later reported. (Our read after the latest results, written 22 August 2026.)

## What is the future of Andhra Sugars? What is changing in the business? What is changing at Andhra Sugars, from the latest results and calls: chlor-alkali and chemical product mix shift, ethanol capacity integration and government blending and operating leverage on captive industrial infrastructure. - Chlor-Alkali and Chemical Product Mix Shift. Strategic pivot toward industrial chemicals and caustic soda reduces reliance on commoditized sugar milling. ⚠ estimate
- Ethanol Capacity Integration and Government Blending. Commissioned ethanol capacity monetizes molasses byproducts at contracted government procurement prices. ✓ fact
- Operating Leverage on Captive Industrial Infrastructure. Fixed manufacturing costs drop incremental revenue directly to operating profit as utilization expands. ✓ fact
- Deleveraging and Complete Interest Elimination. Debt reduction to 1 Cr eliminates interest expense and de-risks corporate cash flow. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 22 August 2026.)

## What could change the Andhra Sugars story? What are the risks? A reversal in chlor-alkali operating margins below 6% combined with an adverse final legal liability on power charges exceeding 50 Cr that forces the company to re-lever its balance sheet. ### Each change stops working if

- Chlor-Alkali and Chemical Product Mix Shift: Global caustic soda prices experience severe oversupply from Chinese capacity additions, compressing domestic realizations below cash cost. - Ethanol Capacity Integration and Government Blending: Government procurement pricing on grain or molasses-based ethanol is revised downward or feedstock allocation quotas are curtailed. - Operating Leverage on Captive Industrial Infrastructure: Power supply disruptions or raw material shortages force plant utilization below 60% of rated capacity. - Deleveraging and Complete Interest Elimination: Management initiates un-funded speculative debt-financed capital projects. ### The main risks

- Regulatory Power Tariff and FPPCA Demand Risk: Outstanding power cost adjustment claims create potential retrospective liability on industrial operations. ⚠ estimate
- Chlor-Alkali and Caustic Soda Price Cyclicality: Cyclical downturn in international and domestic caustic soda realizations compresses segment margins. ⚠ estimate
- Sugarcane Availability and Climatic Monsoonal Volatility: Regional drought or crop disease in Andhra Pradesh reduces sugarcane crushing volumes. ⚠ estimate
- Low Base Distortion and Quarterly Earnings Volatility: Trailing growth percentages reflect recovery from an unusually depressed base in fiscal 2025. ⚠ estimate

(Our read after the latest results, written 22 August 2026.)

## What to watch in Andhra Sugars' next results? When Andhra Sugars reports July to September 2026, these are the 5 checks that show whether the story is still on course. First: Legal developments or court orders regarding state regulatory commission FPPCA tariff disputes. | What to check | Why |
| --- | --- |
| Legal developments or court orders regarding state regulatory commission FPPCA tariff disputes. | Regulatory Power Tariff and FPPCA Demand Risk |
| Domestic caustic soda spot prices per metric ton and regional import parity pricing. | Chlor-Alkali and Caustic Soda Price Cyclicality |
| Acreage reports and monsoon precipitation data in coastal Andhra Pradesh agricultural districts. | Sugarcane Availability and Climatic Monsoonal Volatility |
| Quarterly operating profit continuity clearing a baseline hurdle of 50 Cr per quarter. | Low Base Distortion and Quarterly Earnings Volatility |
| Central government notifications regarding sugar minimum realised prices (MSP) and ethanol procurement tariffs. | Government Regulation of Sugar and Biofuel Policies |

## Which stock lists is Andhra Sugars on? Andhra Sugars is on one of our India lists: Penny stocks. [Penny stocks Earnings growth, 12 months (%): 205.1](https://www.sectoralpha.in/penny-stocks-india)

## Is Andhra Sugars profitable? Andhra Sugars Ltd earned ₹47.0 Cr of net profit in the Jun 2026 quarter, +88.0% on the same quarter a year earlier. Full-year FY26 profit was ₹87.0 Cr. Over 10 years profit has grown 4.5% a year on average. That is 7.5% of the quarter's revenue. The same quarter a year earlier earned ₹25.0 Cr. For the full year, FY26 profit was ₹87.0 Cr (+222.2% on the year before). Why profit moved: revenue changed +4.5% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +222.7% and revenue +17.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY26-Q4. revenue ₹637 Cr and profit ₹6 Cr as reported. FY27-Q1. revenue ₹627 Cr and profit ₹47 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much revenue does Andhra Sugars make, and is it growing? Andhra Sugars Ltd reported ₹627 Cr of revenue in the Jun 2026 quarter, +4.5% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 7.0% a year on average. The last full year, FY26, came in at ₹2,466 Cr. The last four reported quarters add to ₹2,492 Cr. FY26 revenue was ₹2,466 Cr, +22.1% on the year before. Recent pace: the last four quarters grew +17.1% on average, against 7.0% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +16.5%, against +15.1% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +205.6%, against +24.5% a year (accelerating). FY26-Q4. revenue ₹637 Cr and profit ₹6 Cr as reported. FY27-Q1. revenue ₹627 Cr and profit ₹47 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Andhra Sugars keep? Andhra Sugars Ltd's operating margin was 12.0% in the Jun 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 5.0% and 22.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +3.0 percentage points on the year while gross margin changed +2.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged. FY26-Q4. revenue ₹637 Cr and profit ₹6 Cr as reported. FY27-Q1. revenue ₹627 Cr and profit ₹47 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## Is Andhra Sugars' profit turning into cash? Over the last 3 years, 288% of Andhra Sugars Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹278 Cr of operating cash against ₹87.0 Cr of profit. After ₹47.0 Cr of spending on assets, ₹231 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 288% of profit came in as cash: the cash cycle got 147 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Andhra Sugars' cash go? Andhra Sugars Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 79 days in FY26, down from 226 days in FY21. It spent ₹282 Cr on assets over the last 3 years. Customers take 34 days to pay, and stock sits for 76 days on average. Why this happened. Capital expenditure of 185 Cr dedicated to distillery and ethanol manufacturing enhances byproduct monetization from the sugar manufacturing process. Supply commitments under the national ethanol blending program provide price visibility and buffer seasonal swings in raw sugarcane availability. At FY26 sales of ₹2,466 Cr, each day of that cycle ties up about ₹6.8 Cr, so roughly ₹534 Cr is tied up in the business at any time. FY26: customers took 34 days to pay and stock sat for 76 days, about 2.5 months of sales sitting as stock, for a full cycle of 79 days, shorter than FY21's 226. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 76 days. Customers pay about 34 days after that. Suppliers are paid at 31 days. Together that makes the 79-day cycle. Spending on assets: ₹282 Cr over the last 3 years, against ₹240 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹42.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Andhra Sugars' P/E ratio, and how does it compare with its own history? Andhra Sugars Ltd's P/E is 9.4×, in the middle of its own history: higher than 47% of past readings. Its usual P/E (the middle reading) is 9.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹7.78. Why the multiple is where it is: over the past year earnings per share moved +221.5% while the price moved +0.0%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −8.8% a year; about −6.8% a year came from earnings growth and about −2.0 percentage points from the multiple (the market paying less); over 10 years the price moved +5.7% a year; about +9.5% a year came from earnings growth and about −3.8 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Andhra Sugars share price assume? Worked out from its price on 27 August 2026, Andhra Sugars Ltd's share price assumed profit growth of about 5.8% a year. Over the past 10 years its profit actually grew 4.5% a year. Today its P/E is 9.4×, lower than 53% of its own last 11 years. This is a one-day reading, taken on 27 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Andhra Sugars business getting better or worse? Andhra Sugars Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE rising at 6.4%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. ## What is the Andhra Sugars story, and has it been checked? Andhra Sugars Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: EARLY EXPANSION. Still open: A reversal in chlor-alkali operating margins below 6% combined with an adverse final legal liability on power charges exceeding 50 Cr that forces the company to re-lever its balance sheet. Our read, 22 August 2026. From the numbers. From the price. Price stage 2, week 27, below its 200-day line, relative strength falling. From the research. Where they disagree. The cycle position reflects early operational expansion off trough levels with a completely deleveraged balance sheet. What is proven. What is not proven yet. A reversal in chlor-alkali operating margins below 6% combined with an adverse final legal liability on power charges exceeding 50 Cr that forces the company to re-lever its balance sheet. What would change our mind. A reversal in chlor-alkali operating margins below 6% combined with an adverse final legal liability on power charges exceeding 50 Cr that forces the company to re-lever its balance sheet. The test written in advance. A reversal in chlor-alkali operating margins below 6% combined with an adverse final legal liability on power charges exceeding 50 Cr that forces the company to re-lever its balance sheet. Measured by: the thesis as written as stated by the next result. The test written in advance. Regulatory Power Tariff and FPPCA Demand Risk. Measured by: Regulatory Power Tariff and FPPCA Demand Risk Legal developments or court orders regarding state regulatory commission FPPCA tariff disputes. by the next result. The test written in advance. Chlor-Alkali and Caustic Soda Price Cyclicality. Measured by: Chlor-Alkali and Caustic Soda Price Cyclicality Domestic caustic soda spot prices per metric ton and regional import parity pricing. by the next result. What the company does. Operating profit expanded from 16 Cr in December 2024 to 72 Cr in June 2026 as chemical segment realizations and ethanol integration offset sugar volatility. Five-year cumulative operating cash flow of 1,010 Cr fully funded 585 Cr in capital expenditure while reducing total borrowings from 55 Cr to 1 Cr. What the surface reading misses. The surface reading is: Revenue of 627 Cr in Q1 FY27 represents steady topline performance, up 4.5% YoY from 600 Cr. The research reads it further: Topline stability reflects sustained chemical product throughput and commercial ethanol deliveries offsetting seasonal sugar milling fluctuations. What the surface reading misses. The surface reading is: Operating profit of 72 Cr and OPM of 12% in June 2026 mark the highest quarterly operating profit in 8 quarters. The research reads it further: Margin expansion from 7% in Mar 2026 and 9% in Jun 2025 to 12% indicates operating leverage from captive power allocation to chlor-alkali units and initial ethanol contributions. Lever 2 · Value-added mix: building. Strategic pivot toward industrial chemicals and caustic soda reduces reliance on commoditized sugar milling. What proves it keeps working: Chlor-Alkali and Chemical Product Mix Shift. It stops working if Global caustic soda prices experience severe oversupply from Chinese capacity additions, compressing domestic realizations below cash cost. Lever 1 · Operating leverage: building. Fixed manufacturing costs drop incremental revenue directly to operating profit as utilization expands. What proves it keeps working: Operating Leverage on Captive Industrial Infrastructure. It stops working if Power supply disruptions or raw material shortages force plant utilization below 60% of rated capacity. Lever 4 · Paying down debt: building. Debt reduction to 1 Cr eliminates interest expense and de-risks corporate cash flow. What proves it keeps working: Deleveraging and Complete Interest Elimination. It stops working if Management initiates un-funded speculative debt-financed capital projects. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026. The story check is re-scored every results season; the record below never changes. ## What is Andhra Sugars management's track record? Through the downturn, management closed unviable sugar units, self-funded capital spending and almost eliminated debt. ### Regulatory and governance record

The only serious enforcement hit concerned Rana Sugars, not Andhra Sugars; no company-specific fraud action surfaced. 0.95% Promoter shares pledged

Sources:

- [motilaloswal.com](https://www.motilaloswal.com/share-market/andhra-sugars-ltd)
- [thehindu.com](https://www.thehindu.com/business/markets/sebi-bans-rana-sugars-promoters-others-from-securities-market-for-two-years-imposes-63-crore-fine/article68575837.ece)
- [trendlyne.com](https://trendlyne.com/equity/share-holding/81/ANDHRSUGAR/latest/andhra-sugars-ltd)

(Checked 30 August 2026.)

## How much does Andhra Sugars earn on its capital? Andhra Sugars Ltd earned a ROCE of 8% in FY26. That is up from a low of 3% in FY15. Its return on capital used (ROIC) is 3.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.5% net margin and 1.13× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.5% net margin × 1.13× asset turnover × 1.30× leverage (assets divided by equity) ≈ 5.1% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 8.1% − 12.0% = −3.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 8.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 6.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Andhra Sugars have too much debt? Andhra Sugars Ltd has total debt of ₹1.0 Cr against shareholder equity of ₹1,771 Cr as of Jun 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.03 in FY22 to 0.00 in FY26. So the returns on this page come from the business, not from borrowed money. Why this happened. Under the Operating Leverage Catapult model, quarterly operating profits expanded from 16 Cr in December 2024 to 72 Cr in June 2026 on modest revenue gains of 511 Cr to 627 Cr. Fixed depreciation of approximately 20 Cr to 22 Cr per quarter creates significant profit elasticity as plant utilization rates rise. ## What is the Andhra Sugars shareholding pattern? Promoters raised their stake in Andhra Sugars Ltd by 3.5 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 50.5% of the company. Foreign institutions moved +0.2 points over the same period, to 3.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: +3.5 points over 8 quarters, to 50.5%; Foreign institutions: +0.2 points over 8 quarters, to 3.1%; Domestic institutions: +0.0 points over 8 quarters, to 0.0%. Why the owners changed: promoters drove it (+3.5 points). They raised their stake step by step. ## How far is Andhra Sugars from balance-sheet trouble? For Andhra Sugars Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Andhra Sugars rank in its industry? 65.4 out of 100, rank 1 of 21 in Sugar, with 96% of the evidence available. Andhra Sugars Ltd scores 65.4 out of 100 against the 21 companies it is compared with in Sugar, ranking 1. Earnings are strong; relative strength in its sector is -3% and the one-year return is -3.3%. The four parts add up to the total exactly: 29.8 + 13.8 + 15.7 + 6.1 = 65.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Andhra Sugars compared with? Andhra Sugars ranks 1 of 21 Sugar companies on the 4-Factor Sector Score, with 65.4 out of 100. 1. Andhra Sugars Ltd this page ANDHRSUGAR · losing its lead · Most evidence points up · 96% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.8/35 · Revenue 16.5% · Profit 100% · Operating margin change 3 points · 88% evidence Capital efficiency 13.8/25 · ROCE 8.4% · Operating margin 12% · 100% evidence Valuation 15.7/20 · P/E 9.1× · PEG 0.68 · 100% evidence Relative strength 6.1/20 · Lead over its industry -3% · Lead over NIFTY 500 -0.5% · 1 year -3.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 29.8 + 13.8 + 15.7 + 6.1 = 65.4 · What this means: Earnings are strong; relative strength in its sector is -3% and the one-year return is -3.3%. 2. [Dhampur Sugar Mills Ltd](https://www.sectoralpha.in/stocks/dhampur-sugar-mills-ltd) DHAMPURSUG · breaking out · Evidence leans up · 96% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.3/35 · Revenue 1.3% · Profit 36.3% · Operating margin change 1.3 points · 88% evidence Capital efficiency 9.6/25 · ROCE 6.4% · Operating margin 5.7% · 100% evidence Valuation 11.9/20 · P/E 14.6× · PEG 0.51 · 100% evidence Relative strength 18.8/20 · Lead over its industry 15.4% · Lead over NIFTY 500 17.9% · 1 year 16.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.3 + 9.6 + 11.9 + 18.8 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [DCM Shriram Ltd](https://www.sectoralpha.in/stocks/dcm-shriram-ltd) DCMSHRIRAM · quiet · Evidence leans up · 100% evidence 57.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 13.8% · Profit 93.7% · Operating margin change -2 points · 100% evidence Capital efficiency 15.4/25 · ROCE 11.5% · Operating margin 7% · 100% evidence Valuation 18.1/20 · P/E 10.4× · PEG 0.44 · 100% evidence Relative strength 2.3/20 · Lead over its industry -18.9% · Lead over NIFTY 500 -16.1% · 1 year -31.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.4 + 15.4 + 18.1 + 2.3 = 57.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Dhampur Bio Organics Ltd](https://www.sectoralpha.in/stocks/dhampur-bio-organics-ltd) DBOL · breaking out · Evidence leans up · 78% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 8% · Profit 100% · Operating margin change -0.1 points · 65% evidence Capital efficiency 7.7/25 · ROCE 5% · Operating margin 1.7% · 100% evidence Valuation 10.3/20 · P/E 30.5× · PEG n/a · 50% evidence Relative strength 17.2/20 · Lead over its industry 14% · Lead over NIFTY 500 16.4% · 1 year 48.7% · 100% evidence · 9 of 12 weeks ahead Exact sum: 21 + 7.7 + 10.3 + 17.2 = 56.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [EID Parry (India) Ltd](https://www.sectoralpha.in/stocks/eid-parry-indialtd) EIDPARRY · quiet · Evidence leans up · 63% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue 15.7% · Profit -38.9% · Operating margin change -1 points · 83% evidence Capital efficiency 17.9/25 · ROCE 17% · Operating margin 8% · 76% evidence Valuation 11.9/20 · P/E 13.2× · PEG n/a · 50% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -23.7% · 1 year -44% · 25% evidence · 2 of 12 weeks ahead Exact sum: 16.8 + 17.9 + 11.9 + 7.9 = 54.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [M.V.K. Agro Food Product Ltd](https://www.sectoralpha.in/stocks/mvk-agro-food-product-ltd) MVKAGRO · basing · Evidence leans up · 64% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 127.3% · Profit 267.2% · Operating margin change -7.5 points · 88% evidence Capital efficiency 16.8/25 · ROCE 14.4% · Operating margin 10.8% · 100% evidence Valuation 9.6/20 · P/E 23.4× · PEG n/a · 15% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -48.8% · 1 year -56.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 20.5 + 16.8 + 9.6 + 7.5 = 54.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Ugar Sugar Works Ltd](https://www.sectoralpha.in/stocks/ugar-sugar-works-ltd) UGARSUGAR · breaking out · Evidence leans up · 76% evidence 52.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Revenue -0.7% · Profit 100% · Operating margin change -0.7 points · 74% evidence Capital efficiency 11.0/25 · ROCE 9% · Operating margin -2.9% · 100% evidence Valuation 12.6/20 · P/E 16.7× · PEG 0.77 · 100% evidence Relative strength 10.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.2% · 1 year n/a · 25% evidence · 6 of 6 weeks ahead Exact sum: 19 + 11 + 12.6 + 10 = 52.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [DCM Shriram Industries Ltd](https://www.sectoralpha.in/stocks/dcm-shriram-industries-ltd) DCMSRIND · Evidence leans up · 76% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/43.75 · Revenue -3.7% · Profit -50% · Operating margin change -7.8 points · 88% evidence Capital efficiency 19.8/31.25 · ROCE 13.7% · Operating margin 0.9% · 100% evidence Valuation 15.7/25 · P/E 8.2× · PEG 0.5 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 16.4 + 19.8 + 15.7 = 51.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 9. [Balrampur Chini Mills Ltd](https://www.sectoralpha.in/stocks/balrampur-chini-mills-ltd) BALRAMCHIN · leader · Evidence leans up · 96% evidence 51.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue 15% · Profit -11.2% · Operating margin change -2 points · 88% evidence Capital efficiency 13.3/25 · ROCE 9.3% · Operating margin 7% · 100% evidence Valuation 9.6/20 · P/E 33.6× · PEG 0.46 · 100% evidence Relative strength 12.8/20 · Lead over its industry 13% · Lead over NIFTY 500 15.4% · 1 year 28.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.5 + 13.3 + 9.6 + 12.8 = 51.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Triveni Engineering and Industries Ltd](https://www.sectoralpha.in/stocks/triveni-engineering-and-industries-ltd) TRIVENI · turning · Evidence leans up · 78% evidence 50.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 4% · Profit 29.1% · Operating margin change 1 points · 83% evidence Capital efficiency 12.2/25 · ROCE 9% · Operating margin 3.4% · 76% evidence Valuation 9.5/20 · P/E 19× · PEG n/a · 50% evidence Relative strength 8.3/20 · Lead over its industry -2.7% · Lead over NIFTY 500 0.1% · 1 year 4.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.7 + 12.2 + 9.5 + 8.3 = 50.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Dalmia Bharat Sugar & Industries Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-sugar-industries-ltd) DALMIASUG · leader · Evidence leans down · 96% evidence 49.6 out of 100 Growth Capital Valuation Relative
12. [Avadh Sugar & Energy Ltd](https://www.sectoralpha.in/stocks/avadh-sugar-energy-ltd) AVADHSUGAR · leader · Evidence leans down · 88% evidence 49.2 out of 100 Growth Capital Valuation Relative
13. [Uttam Sugar Mills Ltd](https://www.sectoralpha.in/stocks/uttam-sugar-mills-ltd) UTTAMSUGAR · breaking out · Evidence leans down · 68% evidence 47.2 out of 100 Growth Capital Valuation Relative
14. [Dwarikesh Sugar Industries Ltd](https://www.sectoralpha.in/stocks/dwarikesh-sugar-industries-ltd) DWARKESH · breaking out · Evidence leans down · 84% evidence 45.2 out of 100 Growth Capital Valuation Relative
15. [Magadh Sugar & Energy Ltd](https://www.sectoralpha.in/stocks/magadh-sugar-energy-ltd) MAGADSUGAR · breaking out · Evidence leans down · 88% evidence 38.8 out of 100 Growth Capital Valuation Relative
16. [Davangere Sugar Company Ltd](https://www.sectoralpha.in/stocks/davangere-sugar-company-ltd) DAVANGERE · Too little evidence to rank firmly · 59% evidence 38.5 out of 100 Growth Capital Valuation Relative
17. [Bajaj Hindusthan Sugar Ltd](https://www.sectoralpha.in/stocks/bajaj-hindusthan-sugar-ltd) BAJAJHIND · breaking out · Most evidence points down · 63% evidence 34.1 out of 100 Growth Capital Valuation Relative
18. [Shree Renuka Sugars Ltd](https://www.sectoralpha.in/stocks/shree-renuka-sugars-ltd) RENUKA · quiet · Most evidence points down · 71% evidence 33.4 out of 100 Growth Capital Valuation Relative
19. [Bannari Amman Sugars Ltd](https://www.sectoralpha.in/stocks/bannari-amman-sugars-ltd) BANARISUG · quiet · Most evidence points down · 96% evidence 29.7 out of 100 Growth Capital Valuation Relative
20. [Godavari Biorefineries Ltd](https://www.sectoralpha.in/stocks/godavari-biorefineries-ltd) GODAVARIB · quiet · Most evidence points down · 71% evidence 28.6 out of 100 Growth Capital Valuation Relative
21. [Zuari Industries Ltd](https://www.sectoralpha.in/stocks/zuari-industries-ltd) ZUARIIND · quiet · Too little evidence to rank firmly · 49% evidence 43.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Sugar](https://www.sectoralpha.in/sectors/sugar), all 21 compared on one page. ## Which companies are close to Andhra Sugars in size? Andhra Sugars is the 12th largest of 21 Sugar companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Avadh Sugar & Energy, Uttam Sugar Mills and M.V.K. Agro Food Product. Just below it: Godavari Biorefineries, Dhampur Sugar Mills and Dhampur Bio Organics. ### Sugar companies close in size

1. [Avadh Sugar & Energy Ltd](https://www.sectoralpha.in/stocks/avadh-sugar-energy-ltd) ₹1,609 crore
2. [Uttam Sugar Mills Ltd](https://www.sectoralpha.in/stocks/uttam-sugar-mills-ltd) ₹1,248 crore
3. [M.V.K. Agro Food Product Ltd](https://www.sectoralpha.in/stocks/mvk-agro-food-product-ltd) ₹1,162 crore
4. Andhra Sugars Ltd ₹1,065 crore
5. [Godavari Biorefineries Ltd](https://www.sectoralpha.in/stocks/godavari-biorefineries-ltd) ₹1,044 crore
6. [Dhampur Sugar Mills Ltd](https://www.sectoralpha.in/stocks/dhampur-sugar-mills-ltd) ₹1,026 crore
7. [Dhampur Bio Organics Ltd](https://www.sectoralpha.in/stocks/dhampur-bio-organics-ltd) ₹779 crore

[All 21 Sugar companies, largest first](https://www.sectoralpha.in/sectors/sugar#all-companies)

### Companies close in size in other industries

1. [Rhetan TMT Ltd](https://www.sectoralpha.in/stocks/rhetan-tmt-ltd) ₹1,068 crore · Steel Products
2. [Balaji Telefilms Ltd](https://www.sectoralpha.in/stocks/balaji-telefilms-ltd) ₹1,066 crore · Entertainment & Media
3. Andhra Sugars Ltd ₹1,065 crore
4. [Sula Vineyards Ltd](https://www.sectoralpha.in/stocks/sula-vineyards-ltd) ₹1,061 crore · Alcoholic Beverages
5. [Bafna Pharmaceuticals Ltd](https://www.sectoralpha.in/stocks/bafna-pharmaceuticals-ltd) ₹1,060 crore · Pharma - Formulators

## What else do people ask about Andhra Sugars? ### What is Andhra Sugars's share price today? Andhra Sugars Ltd's share price is ₹81.32, +0.0% over the past year. The whole company is worth ₹1,102 Cr on the market. In the last 52 weeks it traded between ₹68 to ₹103; today it is 39% of the way up from the low, 6.0% below its 200-day average (as of 3 November 2026). ### What were Andhra Sugars's latest quarterly results? Andhra Sugars Ltd reported revenue of ₹627 Cr and net profit of ₹47.0 Cr for the Jun 2026 quarter. Revenue rose 4.5% and profit rose 88.0% compared with a year earlier. Earnings per share were ₹3.37. The operating margin was 12.0%, 3.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Andhra Sugars's market cap? Andhra Sugars Ltd's market capitalisation is ₹1,102 Cr at a share price of ₹81.32. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Andhra Sugars performing? Andhra Sugars Ltd's share price has been rising for 27 weeks. In its latest quarter, revenue rose 4.5% and profit rose 88.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 2 weeks running (as of 3 November 2026). ### Will Andhra Sugars's share price go up? This page does not forecast Andhra Sugars Ltd's share price. What it shows instead: the share price is ₹81.32, and it has been rising for 27 weeks. Its P/E of 9.4× is higher than 47% of its own last 11 years (as of 3 November 2026). ### Who owns Andhra Sugars? Promoters own 50.5% of Andhra Sugars Ltd, foreign institutions 3.1%, domestic institutions, and the public 46.4% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 3.5 percentage points over 8 quarters (as of 3 November 2026). ### Does Andhra Sugars have too much debt? No, Andhra Sugars Ltd has little debt: its debt is 0.00× its equity, and its operating profit is 68 times its interest bill. FY26 borrowings were ₹1.0 Cr against equity of ₹1,671 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Andhra Sugars in its business cycle? Andhra Sugars Ltd's FY26 operating margin was 8.0%, against a 13-year range of 5.0% to 22.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Andhra Sugars story? The main question: yearly earnings per share moved +221.5% while the share price moved +0.0%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Andhra Sugars a stock worth studying right now? What the numbers show: Andhra Sugars Ltd's earnings have grown faster than its share price. Earnings per share grew +221.5% in a year while the price moved +0.0%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Andhra Sugars share price forecast for 2026? What is changing at Andhra Sugars, from the latest results and calls: chlor-alkali and chemical product mix shift, ethanol capacity integration and government blending and operating leverage on captive industrial infrastructure. What would change the story: A reversal in chlor-alkali operating margins below 6% combined with an adverse final legal liability on power charges exceeding 50 Cr that forces the company to re-lever its balance sheet. ### Where does this page get Andhra Sugars' management information? From Andhra Sugars' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

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