Avadh Sugar & Energy Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Avadh Sugar & Energy Ltd trades at ₹504, in a confirmed uptrend and 15 weeks into that stage. That is +10.3% against its own 200-day average. It sits at 86% of a 52-week range of ₹324 to ₹534. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 5 straight weeks.

Today the stock is in a confirmed uptrend — week 15 of stage 2, confirmed. At ₹504 it trades +10.3% versus its 200-day average and sits at 86% of its 52-week range (₹324–₹534).

Against the market, two honest reads. Cumulative: over the last 9.0 years the stock moved +129% while the NIFTY 500 moved +167% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 5 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Avadh Sugar & Energy Ltd trades at 16.1× P/E, at the pricey end of its own range (95th percentile). Its long-run median P/E is 9.6×, measured across 8.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 16.1× is at the pricey end of its own range (95th percentile), against a long-run median of 9.6× measured over 8.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

🚨 Why the multiple sits where it does: over the past year annual EPS moved −34.8% against a +9.1% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +0.3%/yr price move, ~−4.2%/yr came from earnings growth and ~+4.5 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Avadh Sugar & Energy Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 10 quarters across 3 curves, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

47.7/100 — rank 11 of 20 in Sugar · 83% evidence confidence

Avadh Sugar & Energy Ltd scores 47.7 out of 100 against the 20 companies it is compared with in Sugar, ranking 11. Price leads the evidence: RS versus the benchmark is 16.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 8.9 + 11.6 + 8.1 + 19.1 = 47.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Avadh Sugar & Energy Ltd reported ₹671 Cr of revenue in the Mar 26 quarter, −1.2% year on year. The last full year, FY26, came in at ₹2,694 Cr. The last four reported quarters add to ₹2,694 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

FY26 revenue came in at ₹2,694 Cr (+2.2% on the year). The latest quarter (Mar 26) printed ₹671 Cr, −1.2% year on year.

Acceleration check: trailing-twelve-month revenue grew +2.2% over the last 4 quarters against +0.0%/yr over the last 8 — stabilising; TTM profit −34.8% vs −32.7%/yr — stabilising.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Avadh Sugar & Energy Ltd's operating margin is 18.0% in the Mar 26 quarter, −4.0 percentage points against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged 8.0% to 23.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 18.0%, −4.0 pp against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged 8.0%–23.0%.

🚨 Why the margin moved: operating margin went −4.1 pp year on year while gross margin went −3.0 pp — the loss came mostly from the gross line: input costs and pricing.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Avadh Sugar & Energy Ltd earned ₹56.0 Cr of net profit in the Mar 26 quarter, −22.2% year on year. Full-year FY26 profit was ₹57.0 Cr. That is 8.3% of the quarter's revenue. The same quarter a year earlier earned ₹72.0 Cr. 2 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹56.0 Cr, −22.2% year on year. On the full year, FY26 printed ₹57.0 Cr (−35.2%).

🚨 Why profit moved: revenue contributed −1.2% and the margin −4.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −217.1% vs revenue +2.3%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 86% of Avadh Sugar & Energy Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹158 Cr of operating cash against ₹57.0 Cr of profit. After ₹101 Cr of capital spending, ₹57.0 Cr was left as free cash.

FY26: operating cash of ₹158 Cr against reported profit of ₹57.0 Cr, leaving free cash of ₹57.0 Cr after ₹101 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 86% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 86%: the cash cycle stretched 78 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 1.5× depreciation over three years, so the next section's job is to check what that build-out is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Avadh Sugar & Energy Ltd's cash conversion cycle runs 225 days in FY26, up from 147 days in FY21. Capital spending ran ₹269 Cr over the last 3 years. At FY26 sales of ₹2,694 Cr each day of that cycle holds about ₹7.4 Cr, so roughly ₹1,661 Cr sits inside the business at any moment.

FY26: debtors at 8 days, inventory at 248 days — roughly 8.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 225 days, looser than FY21's 147.

The full loop: cash goes out to suppliers and production on day 0; stock waits 248 days to sell; customers pay about 8 days after that; and suppliers themselves are paid at 31 days — netting out to the 225-day cycle.

In money terms: at FY26 sales of ₹2,694 Cr, each day of the cycle holds about ₹7.4 Cr — so the 225-day loop keeps roughly ₹1,661 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹269 Cr over the last 3 fiscal years against ₹175 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹3.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

Avadh Sugar & Energy Ltd earns a ROCE of 7% in FY26. Return on invested capital clears the cost of that capital by −7.0 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 2.1% net margin on 0.94× asset turns.

FY26 ROCE is 7%.

🚨 Why the return is what it is — the wiring (FY26): 2.1% net margin × 0.94× asset turns × 2.56× balance-sheet leverage ≈ 5.1% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 5.0% − 12.0% = a −7.0 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

Avadh Sugar & Energy Ltd carries total debt of ₹1,407 Cr against shareholder equity of ₹1,124 Cr as of Mar 26, a debt-to-equity of 1.25. On the annual view that ratio went from 1.50 in FY22 to 1.25 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹1,407 Cr against shareholder equity of ₹1,124 Cr — a debt-to-equity of 1.25. On the annual view, debt-to-equity went from 1.50 (FY22) to 1.25 (FY26). Read the returns on this page with that leverage in mind.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 2.3 points of Avadh Sugar & Energy Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 1.5% of the company. Domestic institutions moved −0.7 points over the same window, to 0.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −2.3 points over 8 quarters to 1.5%; Domestic institutions: −0.7 points over 8 quarters to 0.3%; Promoters: +0.0 points over 8 quarters to 60.4%.

🚨 Why the register moved: foreign institutions drove it (−2.3 points), alongside domestic institutions (−0.7 points) — distribution into the market’s bid.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Avadh Sugar & Energy Ltd: the Z-score reads 1.87. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits in the grey band between the two. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

Why it matters: a Z-score of 1.87 sits in the grey band — neither clearly safe nor clearly distressed.

The safety line in one sentence: the Z-score reads 1.87.

Frequently asked questions