RANASUG
Rana Sugars financials
- Market cap
- ₹226 Cr
- Sector
- Fast Moving Consumer Goods
Quarterly results
Q1 FY27: revenue down 12.6%, net profit down 600.0% 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 | 386 | 390 | 475 | 531 | 345 −11% | 429 +10% | 438 −8% | 464 −13% |
| EBITDA | -8 | 20 | 40 | 7 | -9 −12% | 23 +15% | 20 −50% | -11 −257% |
| Net profit | -15 | 14 | 40 | -3 | -14 +7% | 13 −7% | 28 −30% | -21 −600% |
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 +2.4% 1Y
1Y: ₹14.4 on 10 Sept 2025 → ₹14.74. High ₹15.92 (24 Aug 2026), low ₹10.64 (21 Jan 2026).
Financials, as filed
Revenue grew 2.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 2.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.6k Cr | ₹1.6k Cr | ₹1.7k Cr | ₹1.7k Cr |
| Operating profit | ₹114 Cr | ₹82 Cr | ₹72 Cr | ₹41 Cr |
| Operating margin | 7.0% | 5.2% | 4.2% | 2.4% |
| Interest | ₹23 Cr | ₹28 Cr | ₹33 Cr | ₹30 Cr |
| Depreciation | ₹30 Cr | ₹35 Cr | ₹27 Cr | ₹37 Cr |
| Net profit | ₹64 Cr | ₹28 Cr | ₹41 Cr | ₹24 Cr |
| Net margin | 3.9% | 1.8% | 2.4% | 1.4% |
| Cash from operations | ₹-84 Cr | ₹44 Cr | ₹55 Cr | ₹92 Cr |
| Free cash flow | ₹-142 Cr | ₹-40 Cr | ₹45 Cr | ₹87 Cr |
| ROCE | 13.0% | 7.0% | 7.0% | 3.0% |
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 | ₹154 Cr | ₹154 Cr | ₹154 Cr | ₹154 Cr | ₹154 Cr | ₹154 Cr |
| Reserves | ₹181 Cr | ₹267 Cr | ₹331 Cr | ₹359 Cr | ₹405 Cr | ₹418 Cr |
| Borrowings | ₹207 Cr | ₹222 Cr | ₹412 Cr | ₹443 Cr | ₹241 Cr | ₹349 Cr |
| Other liabilities | ₹594 Cr | ₹648 Cr | ₹566 Cr | ₹548 Cr | ₹323 Cr | ₹397 Cr |
| Total liabilities | ₹1.1k Cr | ₹1.3k Cr | ₹1.5k Cr | ₹1.5k Cr | ₹1.1k Cr | ₹1.3k Cr |
| Fixed assets | ₹421 Cr | ₹452 Cr | ₹521 Cr | ₹579 Cr | ₹552 Cr | ₹560 Cr |
| Capital work in progress | ₹28 Cr | ₹57 Cr | ₹14 Cr | ₹6 Cr | ₹9 Cr | ₹6 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹688 Cr | ₹781 Cr | ₹926 Cr | ₹918 Cr | ₹561 Cr | ₹752 Cr |
| Total assets | ₹1.1k Cr | ₹1.3k Cr | ₹1.5k Cr | ₹1.5k Cr | ₹1.1k Cr | ₹1.3k 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
The ownership split has held steady since Jun 2025. The shareholder count shrank 6% to 1,16,497.
- Promoters
- 22.6%
- Government
- 1.7%
- Public
- 75.7%
Since Jun 2025
- FIIs −0.04 pp
- Public +0.04 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window FIIs fell from 1.7% to 0.0% — −1.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 22.6%, FIIs 1.7%, Government 1.7%, Public 74.0%.Dec '23: Promoters 22.6%, Government 1.7%, Public 75.7%.Mar '24: Promoters 22.6%, FIIs 0.0%, Government 1.7%, Public 75.7%.Jun '24: Promoters 22.6%, FIIs 0.0%, Government 1.7%, Public 75.7%.Sep '24: Promoters 22.6%, Government 1.7%, Public 75.7%.Dec '24: Promoters 22.6%, Government 1.7%, Public 75.7%.Mar '25: Promoters 22.6%, FIIs 0.1%, Government 1.7%, Public 75.6%.Jun '25: Promoters 22.6%, FIIs 0.0%, Government 1.7%, Public 75.7%.Sep '25: Promoters 22.6%, Government 1.7%, Public 75.7%.Dec '25: Promoters 22.6%, FIIs 0.0%, Government 1.7%, Public 75.7%.Mar '26: Promoters 22.6%, FIIs 0.1%, Government 1.7%, Public 75.6%.Jun '26: Promoters 22.6%, Government 1.7%, Public 75.7%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Rana Sugars above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Manminder Rana | 11.68% | unchanged |
| Sukhjinder Kaur | 5.54% | unchanged |
| Rana Veer Pratap Singh | 5.43% | unchanged |
| Punjab Energy Development Agency | 1.66% | unchanged |
| Murali Krishna Vempati | 1.54% | unchanged |
| Raj Kumar Malhotra | 1.17% | unchanged |
| Rana Ranjit Singh | 0.00% | unchanged |
| Rana Inder Pratap Singh | 0.00% | 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 Rana Sugars
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