The Andhra Sugars Limited (ANDHRSUGAR)

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The Andhra Sugars Limited (ANDHRSUGAR) · mywealthgrid

About

The Andhra Sugars Limited operates in Commodity Chemicals (Materials sector), with market cap ₹1,380.47 Cr and zero debt. The company pays regular dividends and operates in a price-sensitive, typically low-margin segment vulnerable to input cost and demand cycles.

Face value: ₹2

Market cap

₹1,234 Cr

P/E

11.7×

P/B

0.7×

Dividend yield

2.2%

ROE

5.1%

ROCE

7.9%

Debt / equity

OPM

8.4%

EPS (TTM)

₹7.8

Book value

₹123.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability collapsed in latest quarter: net profit fell to ₹2.63–5.92 Cr (Mar 2026) from ₹24–33 Cr in prior quarters; verify if this is cyclical or structural
Operating margin compressed from 12.94%–15.01% (Dec 2025–Jun 2025) to 7.46%–11.37% (Mar 2026); indicates acute pressure on costs or demand
Very low ROE (5.1%) — capital earns minimal returns relative to ₹1,380 Cr market value
Verify input cost environment and end-market demand; commodity chemicals are inherently thin-margin and cyclical

Generated analysis · source review pending

Growth drivers

Zero debt (D/E 0) and consistent dividends enable capital for expansion; verify management capex and growth plans
Margin recovery potential if input costs stabilize; Jun–Dec 2025 showed OPM of 12.94–15.01%, verify if achievable post-Mar 2026
Verify commodity chemical sector demand outlook and whether end-market recovery could support pricing and volume growth

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹91.1-3.5%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 61.6×
+Dividend payout of 25.7% of profit

Cons

−Low return on equity of 3.8% (3-yr avg)
−Profit declined 16.3% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 44
Growth: 34
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,477	1,509	2,368	1,894	2,020	2,466
COGS	645	745	1,210	983	1,118	1,441
Gross profit	832	764	1,157	911	902	1,025
	549	522	852	776	802	822
	283	242	306	135	100	203
OPM %	19.2%	16%	12.9%	7.1%	4.9%	8.2%
Depreciation	62	61	67	76	81	83
Interest	28	27	4	1	2	2
	39	16	18	33	21	3
Profit before tax	231	170	253	90	38	120
Tax	20	29	62	14	11	33
Tax %	8.8%	17%	24.6%	15.8%	29.3%	27.6%
	211	141	191	76	27	87
PAT margin %	14.3%	9.4%	8.1%	4%	1.3%	3.5%
EPS (₹)	74.9	49.8	13.7	5.5	1.9	6.1
EPS adjusted (₹)	—	—	13.7	5.5	1.9	6.1
	26.7%	20.1%	14.6%	18.1%	41.9%	19.5%

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	27	27	27	27
Reserves	1,514	1,556	1,565	1,644
Minority interest	96	98	96	99
	24	31	13	1
	374	364	406	403
Total equity & liabilities	2,035	2,075	2,108	2,174
	806	813	952	931
CWIP	125	181	57	42
Investments	307	317	322	529
	797	764	776	672
Total assets	2,035	2,075	2,108	2,174

₹ Cr	Mar 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	253	286	142	128	278
	-141	-204	-102	-93	-246
	-132	-91	-23	-34	-27
Net cash flow	-21	-10	17	0	5
Free cash flow	253	69	7	128	223
CFO / Operating profit %	117.1%	95.7%	125.3%	120.7%	133.7%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
INDUTRIAL CHEMICALS	1,340.97	78.75	383.53	84.91	298.62	26.37
CHLOR-ALKALI	777.65	71.27

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	56.3%	50.6%	48.9%	48.1%	44.7%	41.6%
EBITDA margin %	18.8%	14.3%	12.6%	6%	5.2%	8.4%
EBIT margin %	14.6%	10.2%	9.8%	2%	1.2%	5.1%
PAT margin %	14.3%	9.4%	8.1%	4%	1.3%	3.5%
Working capital
Receivable days	—	—	36	36	35	34
Inventory days	—	—	125	161	145	76
Payable days	—	—	24	36	39	31
NWC days	—	—	137	161	141	79
Leverage
Current ratio	—	—	4.31	3.96	4.01	4.78
Debt to EBITDA	—	—	0.08	0.27	0.13	0
Debt to equity	—	—	0.02	0.02	0.01	0
Interest coverage	8.9	6.7	70.4	51.3	35	61.6
Asset turnover	—	—	1.16	0.91	0.96	1.13
Return ratios
Return on assets %	—	—	9.4%	3.7%	1.3%	4%
Return on capital employed %	—	—	14.2%	4.1%	3.8%	7.9%
Return on equity %	—	—	12.4%	4.8%	1.7%	5.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

No shareholding data

Quarterly shareholding records haven't been ingested for this company.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in The Andhra Sugars Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

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Events

Upcoming dates and the company’s corporate-action history.

22

Special dividend18 Sept 2026 · ex-date₹0.2
Dividend dividend18 Sept 2026 · ex-date₹1
Dividend dividend19 Sept 2025 · ex-date₹0.8
Dividend dividend17 Sept 2024 · ex-date₹1
Dividend dividend15 Sept 2023 · ex-date₹2
Dividend dividend15 Sept 2022 · ex-date₹2
Special dividend15 Sept 2022 · ex-date₹2
Dividend dividend15 Sept 2021 · ex-date₹10
Interim dividend19 Mar 2020 · ex-date₹20
Dividend dividend12 Sept 2019 · ex-date₹10
Dividend dividend12 Sept 2018 · ex-date₹10
Dividend dividend12 Sept 2017 · ex-date₹10
Interim dividend22 Mar 2016 · ex-date₹5
Dividend dividend14 Sept 2015 · ex-date₹3
Dividend dividend27 Aug 2014 · ex-date₹5
Dividend dividend14 Aug 2013 · ex-date₹6
Dividend dividend14 Sept 2012 · ex-date₹7
Dividend dividend15 Sept 2011 · ex-date₹5.5
Dividend dividend21 Sept 2010 · ex-date₹5
Dividend dividend4 Sept 2009 · ex-date₹6
Dividend dividend12 Sept 2008 · ex-date₹5
Dividend dividend18 Sept 2007 · ex-date₹6

1

Face value ₹10 → ₹230 Dec 2021 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

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Ratio	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	56.3%	50.6%	48.9%	48.1%	44.7%	41.6%
EBITDA margin %	18.8%	14.3%	12.6%	6%	5.2%	8.4%
EBIT margin %	14.6%	10.2%	9.8%	2%	1.2%	5.1%
PAT margin %	14.3%	9.4%	8.1%	4%	1.3%	3.5%
Working capital
Receivable days	—	—	36	36	35	34
Inventory days	—	—	125	161	145	76
Payable days	—	—	24	36	39	31
NWC days	—	—	137	161	141	79
Leverage
Current ratio	—	—	4.31	3.96	4.01	4.78
Debt to EBITDA	—	—	0.08	0.27	0.13	0
Debt to equity	—	—	0.02	0.02	0.01	0
Interest coverage	8.9	6.7	70.4	51.3	35	61.6
Asset turnover	—	—	1.16	0.91	0.96	1.13
Return ratios
Return on assets %	—	—	9.4%	3.7%	1.3%	4%
Return on capital employed %	—	—	14.2%	4.1%	3.8%	7.9%
Return on equity %	—	—	12.4%	4.8%	1.7%	5.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Deepak Fertilizers And Petrochemicals Corporation LimitedDEEPAKFERTDEEPAKFERT	₹16,417 Cr	₹21,903 Cr	₹12,104 Cr	₹2,016 Cr	14.6%	₹984 Cr	6.4%	12.6%	11.3%	55
Tata Chemicals LimitedTATACHEMTATACHEM	₹15,487 Cr	₹23,488 Cr	₹15,120 Cr	₹1,711 Cr	12.4%	₹-2,165 Cr	-11.8%	2.9%	-8.9%	113
Gujarat Narmada Valley Fertilizers And Chemicals LimitedGNFCGNFC	₹8,655 Cr	₹8,655 Cr	₹8,410 Cr	₹1,241 Cr	11.3%	₹1,037 Cr	10.4%	10.6%	9.1%	81
TANFAC Industries LtdTANFACINDTANFACIND	₹6,909 Cr	₹7,002 Cr	₹711 Cr	₹112 Cr	15.8%	₹70 Cr	9.9%	27.7%	20.5%	112
Gujarat Alkalies And Chemicals LimitedGUJALKALIGUJALKALI	₹4,430 Cr	₹4,998 Cr	₹4,498 Cr	₹510 Cr	9.3%	₹66 Cr	-0.1%	1.6%	-0%	25
Grauer & Weil India LimitedGRAUWEILGRAUWEIL	₹3,709 Cr	₹3,717 Cr	₹1,134 Cr	₹188 Cr	16.6%	₹69 Cr	13.9%	23%	18%	72
Ghcl LimitedGHCLGHCL	₹3,700 Cr	₹3,762 Cr	₹3,064 Cr	₹689 Cr	22.5%	₹472 Cr	15.4%	17%	13.4%	126
J.g.chemicals LimitedJGCHEMJGCHEM	₹2,392 Cr	₹2,399 Cr	₹1,071 Cr	₹96 Cr	8.4%	₹75 Cr	7.1%	18.2%	13.3%	101
Thirumalai Chemicals LimitedTIRUMALCHMTIRUMALCHM	₹1,764 Cr	₹3,857 Cr	₹1,832 Cr	₹20 Cr	-2%	₹-152 Cr	-9.7%	-3.3%	-12.3%	14
Ig Petrochemicals LimitedIGPLIGPL	₹1,754 Cr	₹2,110 Cr	₹2,073 Cr	₹207 Cr	4.9%	₹82 Cr	0.1%	3.2%	0.2%	23
Indo Borax & Chemicals LimitedINDOBORAXINDOBORAX	₹1,507 Cr	₹1,507 Cr	₹232 Cr	₹52 Cr	20.5%	₹56 Cr	23.3%	15.5%	15.1%	110
Innovassynth Technologies (India) LtdINOVSYNTHINOVSYNTH	₹1,462 Cr	₹1,466 Cr	₹0 Cr	₹-0 Cr	—	₹-5 Cr	—	-1.1%	-12%	—

The Andhra Sugars Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

No shareholding data

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Annual reports

Events

22

1

Announcements

No announcements stored for this window

Not in the F&O segment

22

1

No shareholding data

No fund holdings on record

No announcements stored for this window

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

CHLOR - ALKALItt · revenue

Annual reports

The Andhra Sugars Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

No shareholding data

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Annual reports

Events

Dividends22

Stock splits1

Announcements

No announcements stored for this window

Ratio timeline

Not in the F&O segment

Dividends22

Stock splits1

No shareholding data

No fund holdings on record

No announcements stored for this window

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

CHLOR - ALKALItt · revenue

Annual reports

22

1

22

1