532102
SBEC Sugar financials
- Market cap
- ₹295 Cr
- Sector
- Fast Moving Consumer Goods
What SBEC Sugar does
SBEC Sugar Limited operates one sugar factory at Village Loyan Malakpur (Tehsil Baraut, District Baghpat, Uttar Pradesh), crushing sugarcane during an annual season running roughly October to April to produce sugar, with molasses as a regulated by-product. The plant's crushing capacity has been expanded over time from an initial 3,500 TCD to 9,000 TCD, and the company has received regulatory consent from the Uttar Pradesh Pollution Control Board to expand further to 10,000 TCD. The company holds two wholly-owned subsidiaries, SBEC Bioenergy Limited and SBEC Stockholding & Investment Limited.
Segments
- Sugar manufacturing
- Manufacturing plants
- 1 (sugar factory at Village Loyan Malakpur, Baraut, Baghpat, UP)
- Installed crushing capacity
- 9,000 TCD (tons cane crushed/day), expansion to 10,000 TCD approved by UP Pollution Control Board
- Cane crushed (2024-25 season)
- 128.49 Lac Qtl
- Sugar production (2024-25 season)
- 13.82 Lac Qtl
- Sugar recovery rate (2024-25 season)
- 10.72%
- Permanent employees
- 240 (as on 31 March 2025)
Quarterly results
Q1 FY27: revenue down 17.4%, net profit up 135.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 137 | 143 | 209 | 120 | 147 +7% | 123 −14% | 159 −24% | 99 −17% |
| EBITDA | -15 | -7 | 60 | -13 | -13 +17% | -1 +82% | 22 −63% | 8 +164% |
| Net profit | -30 | -22 | 46 | -26 | -29 +6% | -17 +22% | 91 +95% | 9 +135% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +65.9% 1Y
1Y: ₹38.44 on 10 Sept 2025 → ₹63.77. High ₹84.61 (18 Jun 2026), low ₹28.11 (20 Jan 2026).
Financials, as filed
Revenue fell 5.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to -0.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹659 Cr | ₹655 Cr | ₹630 Cr | ₹548 Cr |
| Operating profit | ₹20 Cr | ₹45 Cr | ₹40 Cr | ₹-5 Cr |
| Operating margin | 3.0% | 6.8% | 6.3% | -0.9% |
| Interest | ₹18 Cr | ₹23 Cr | ₹39 Cr | ₹45 Cr |
| Depreciation | ₹20 Cr | ₹21 Cr | ₹19 Cr | ₹19 Cr |
| Net profit | ₹-10 Cr | ₹-3 Cr | ₹-19 Cr | ₹19 Cr |
| Net margin | -1.5% | -0.5% | -3.0% | 3.4% |
| Cash from operations | ₹68 Cr | ₹-47 Cr | ₹70 Cr | ₹-27 Cr |
| Free cash flow | ₹55 Cr | ₹-58 Cr | ₹68 Cr | ₹-29 Cr |
| ROCE | 6.0% | 15.0% | 12.0% | 22.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr |
| Reserves | ₹-53 Cr | ₹-61 Cr | ₹-70 Cr | ₹-85 Cr | ₹-159 Cr | ₹120 Cr |
| Borrowings | ₹231 Cr | ₹168 Cr | ₹114 Cr | ₹232 Cr | ₹301 Cr | ₹273 Cr |
| Other liabilities | ₹496 Cr | ₹573 Cr | ₹597 Cr | ₹520 Cr | ₹263 Cr | ₹463 Cr |
| Total liabilities | ₹722 Cr | ₹727 Cr | ₹689 Cr | ₹714 Cr | ₹452 Cr | ₹904 Cr |
| Fixed assets | ₹257 Cr | ₹242 Cr | ₹248 Cr | ₹234 Cr | ₹213 Cr | ₹205 Cr |
| Capital work in progress | ₹2 Cr | ₹18 Cr | ₹4 Cr | ₹6 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹326 Cr |
| Other assets | ₹424 Cr | ₹430 Cr | ₹399 Cr | ₹435 Cr | ₹200 Cr | ₹372 Cr |
| Total assets | ₹722 Cr | ₹727 Cr | ₹689 Cr | ₹714 Cr | ₹452 Cr | ₹904 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −2.01 pp while DIIs added +2.01 pp. The shareholder count grew 3% to 6,323.
- Promoters
- 65.1%
- DIIs
- 2.0%
- Public
- 32.9%
Since Jun 2025
- FIIs −2.01 pp
- DIIs +2.01 pp
- Public −0.01 pp
How it drifted, 12 quarters
Over this window FIIs fell from 2.0% to 0.0% — −2.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Dec '23: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Mar '24: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Jun '24: Promoters 65.1%, DIIs 2.0%, Public 32.9%.Sep '24: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Dec '24: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Mar '25: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Jun '25: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Sep '25: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Dec '25: Promoters 65.1%, DIIs 2.0%, Public 32.9%.Mar '26: Promoters 65.1%, DIIs 2.0%, Public 32.9%.Jun '26: Promoters 65.1%, DIIs 2.0%, Public 32.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of SBEC Sugar above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sbec Systems India Limited | 29.86% | unchanged |
| Moderate Leasing And Capital Services Ltd | 19.02% | unchanged |
| Abhikum Leasing And Investments Private Limited | 11.79% | unchanged |
| A To Z Holdings Private Limited | 7.05% | unchanged |
| Longwell Investment Pvt Ltd | 5.71% | unchanged |
| T C Healthcare Private Limited | 3.92% | −0.07 pp |
| Umesh Kumar Modi | 3.30% | unchanged |
| Karvy Consultants Limited | 1.60% | unchanged |
| Paras Mal Jain | 1.49% | unchanged |
| Jayesh Modi | 0.12% | unchanged |
| Kumkum Modi | 0.06% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse SBEC Sugar
Guides on how to read this kind of business and the numbers that matter.