Ponni Sugars (Erode) Limited (PONNIERODE)

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Ponni Sugars (Erode) Limited (PONNIERODE) · mywealthgrid

About

Ponni Sugars (Erode) Limited operates in sugar processing within Consumer Staples. At ₹301.65 Cr market cap, it is a mid-cap player in an agricultural commodity business. The company exhibits marked seasonal revenue patterns, with H2 quarters typically generating 50–65% higher revenue than H1.

Face value: ₹10

Market cap

₹320 Cr

P/E

6.5×

P/B

0.6×

Dividend yield

1.3%

ROE

8.7%

ROCE

6.7%

Debt / equity

OPM

8.6%

EPS (TTM)

₹57.5

Book value

₹660.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings and margin volatility: June quarters posted losses (Jun 2025: -14.49% OPM, Jun 2026: -1.94% OPM); verify what structural headwinds occur in this period.
Low capital efficiency: ROE of 8.73% despite zero debt (D/E = 0)—verify what is limiting returns on capital.
Sugar sector commodity exposure: verify current cane input costs, monsoon impact on feedstock, and government pricing policies.
Thin operating margins (8.61% average) amplify earnings sensitivity to volume and input costs.

Generated analysis · source review pending

Growth drivers

Seasonal revenue strength: Dec 2025 ₹151.35 Cr vs Jun 2026 ₹91.87 Cr shows H2 demand; verify if management can expand H2 capacity.
Margin recovery potential: Mar 2026's 19.98% OPM vs 8.61% current average; verify conditions and sustainability.
Zero debt (D/E = 0) enables balance sheet deployment; verify if capex or M&A plans exist.
Dividend consistency (2023–2026) amid H2 strength; verify if cash generation can support volume expansion.

Generated analysis · source review pending

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

₹372.4-3.1%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 65.4×

Cons

−Low return on equity of 7.2% (3-yr avg)
−Low dividend payout of 8.7% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

62/100

Business quality: 47
Growth: 42
Valuation: 98

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Balrampur Chini Mills LimitedBALRAMCHINBALRAMCHIN	₹13,714 Cr	₹16,884 Cr	₹6,366 Cr	₹721 Cr	11.8%	₹371 Cr	6%	12%	9.5%	236
Triveni Engineering & Industries LimitedTRIVENITRIVENI	₹5,055 Cr	₹7,202 Cr	₹7,617 Cr	₹547 Cr	7.2%	₹281 Cr	3.5%	12.5%	8.3%	229
Bajaj Hindusthan Sugar LimitedBAJAJHINDBAJAJHIND	₹4,556 Cr	₹8,101 Cr	₹5,332 Cr	₹273 Cr	6.7%	₹116 Cr	2.3%	2%	3.2%	-58
Shree Renuka Sugars LimitedRENUKARENUKA	₹4,542 Cr	₹11,693 Cr	₹9,365 Cr	₹29 Cr	0.2%	₹-780 Cr	-8.6%	-10.6%	—	17
Bannari Amman Sugars LimitedBANARISUGBANARISUG	₹4,126 Cr	₹4,134 Cr	₹1,671 Cr	₹156 Cr	10.3%	₹122 Cr	7.7%	9%	8%	137
Dalmia Bharat Sugar And Industries LimitedDALMIASUGDALMIASUG	₹3,209 Cr	₹5,000 Cr	₹3,378 Cr	₹421 Cr	11.8%	₹240 Cr	6.5%	10.1%	7.7%	230
Avadh Sugar & Energy LimitedAVADHSUGARAVADHSUGAR	₹1,529 Cr	₹2,935 Cr	₹2,756 Cr	₹229 Cr	8.2%	₹66 Cr	2.1%	10.7%	5.2%	225
Dhampur Sugar Mills LimitedDHAMPURSUGDHAMPURSUG	₹1,100 Cr	₹1,979 Cr	₹2,853 Cr	₹182 Cr	6.2%	₹70 Cr	2.3%	9.3%	5.5%	183
Uttam Sugar Mills LimitedUTTAMSUGARUTTAMSUGAR	₹1,052 Cr	₹1,774 Cr	₹2,179 Cr	₹205 Cr	10.4%	₹87 Cr	4.6%	18.1%	12%	180
Zuari Industries LimitedZUARIINDZUARIIND	₹840 Cr	₹3,438 Cr	₹1,099 Cr	₹60 Cr	6.8%	₹109 Cr	10.1%	2.5%	2.5%	356
Dhampur Bio Organics LimitedDBOLDBOL	₹803 Cr	₹1,857 Cr	₹3,268 Cr	₹138 Cr	4.2%	₹84 Cr	0.8%	7.9%	2.5%	213
Dwarikesh Sugar Industries LimitedDWARKESHDWARKESH	₹778 Cr	₹1,111 Cr	₹1,355 Cr	₹57 Cr	6.2%	₹15 Cr	2.2%	5.9%	3.8%	235

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	169	48	48	185	310	256	288	435	421	359	415
COGS	-113	19	19	98	201	172	184	290	285	231	271
Gross profit	—	28	28	87	109	84	105	145	137	129	144
	281	22	22	67	68	54	69	105	94	103	108
	2	7	7	20	41	30	36	40	43	26	36
OPM %	1%	13.9%	13.9%	10.6%	13.3%	11.8%	12.3%	9.3%	10.2%	7.3%	8.6%
Depreciation	6	1	1	6	7	7	6	8	9	10	11
Interest	6	1	1	3	3	1	0	0	0	0	1
	2	-6	-6	2	5	6	7	15	18	12	66
Profit before tax	3	-2	-2	12	36	29	36	48	52	28	90
Tax	1	-0	-0	4	5	3	7	9	5	9	42
Tax %	27.5%	-22.2%	-22.2%	29.8%	13.8%	10.3%	18.7%	19.5%	9.7%	31.2%	46.8%
	2	-2	-2	8	31	26	29	38	47	19	48
PAT margin %	1.1%	-3.6%	-3.6%	4.6%	10%	10%	10.1%	8.8%	11.1%	5.4%	11.6%
EPS (₹)	2.2	-2	-2	9.8	36	29.8	34	44.6	54.5	22.4	55.9
EPS adjusted (₹)	2.2	-2	—	9.8	36	29.8	34	44.6	54.5	22.4	55.9
	54.3%	—	—	20.4%	11.1%	16.8%	16.2%	14.6%	12.8%	13.4%	9%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	9	9	9	9	9	9	9	9	9
Reserves	122	113	284	239	318	360	444	543	524	560
	67	38	35	17	0	0	0	0	0	0
	52	66	63	51	50	50	62	53	48	84
Total equity & liabilities	249	225	391	315	376	419	515	605	580	652
	123	118	114	109	104	112	118	123	130	143
CWIP	—	—	0	0	0	4	1	2	11	2
Investments	21	21	169	95	151	170	225	290	255	244
	105	86	108	111	120	133	171	189	183	263
Total assets	249	225	391	315	376	419	515	605	580	652

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 %
Sugar	365.11	13.5	223.55	27.9	195.65	6.9
Cogeneration	140.43	75.63

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	47%	35.3%	32.9%	36.3%	33.4%	32.4%	35.8%	34.7%
EBITDA margin %	10.6%	13.3%	11.8%	12.3%	9.3%	10.2%	7.3%	8.6%
EBIT margin %	7.4%	11%	8.9%	10.1%	7.6%	8.2%	4.5%	6%
PAT margin %	4.6%	10%	10%	10.1%	8.8%	11.1%	5.4%	11.6%
Working capital
Receivable days	75	82	58	57	19	29	31	19
Inventory days	239	69	110	141	104	119	182	174
Payable days	135	50	75	65	47	34	25	29
NWC days	179	100	93	134	76	114	188	164
Leverage
Current ratio	1.2	1.97	2.77	3.29	3	4.89	6.28	5.66
Debt to EBITDA	1.78	0.41	0	0	0	0	0	0
Debt to equity	0.12	0.07	0	0	0	0	0	0
Interest coverage	4.8	14.2	53.9	300.8	137.1	400.2	561.8	65.4
Asset turnover	0.47	0.98	0.68	0.69	0.85	0.7	0.62	0.64
Return ratios
Return on assets %	2.2%	9.8%	6.8%	7%	7.5%	7.7%	3.3%	7.4%
Return on capital employed %	5.6%	13.6%	9.8%	10.1%	11.4%	10%	5%	6.7%
Return on equity %	2.9%	12.5%	7.9%	7.9%	8.5%	8.5%	3.6%	8.5%

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.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	42.36%	42.36%	42.36%	47.26%	47.26%	47.26%	47.34%	47.34%	47.34%	47.34%	47.34%	47.34%
	22.91%	22.85%	22.64%	12.89%	10.9%	9.5%	9.52%	9.47%	9.46%	9.46%	9.6%	9.46%
	0.05%	0.05%	0.05%	0.69%	0.93%	0.93%	0.93%	0.93%	0.93%	0.22%	0.05%	0.05%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	34.68%	34.74%	34.95%	39.16%	40.91%	42.31%	42.21%	42.26%	42.27%	42.98%	43.01%	43.15%
No. of shareholders	—	—	—	—	—	—	—	—	18,011	17,750	17,411	16,935

Promoter holding up 4.98 percentage points since Sep 2023.

64 deals · 9 Dec 2021 – 18 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Aug 2026	UNIVERSAL CINE TRADES PVT LTD	Bulk	NSE	Sell	50,000	₹365.19	₹1.83 Cr
17 Aug 2026	ATYANT CAPITAL INDIA FUND I	Bulk	NSE	Sell	3,13,525	₹349.85	₹10.97 Cr
17 Aug 2026	SESHASAYEE PAPER AND BOARDS LIMITED	Bulk	NSE	Buy	2,90,000	₹350.00	₹10.15 Cr
5 Jun 2026	UNIVERSAL CINE TRADES PVT LTD	Bulk	NSE	Buy	99,000	₹337.21	₹3.34 Cr
3 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	43,229	₹511.48	₹2.21 Cr
3 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	43,229	₹511.49	₹2.21 Cr
19 Jun 2024	RATIONAL EQUITY FLAGSHIP FUND I	Bulk	NSE	Buy	55,500	₹500.22	₹2.78 Cr
13 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	51,342	₹486.85	₹2.50 Cr
13 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	51,342	₹485.54	₹2.49 Cr
6 Jun 2024	SESHASAYEE PAPER AND BOARDS LIMITED	Bulk	NSE	Buy	4,20,000	₹422.00	₹17.72 Cr

1–10 of 64

1 / 7

Mr. GOPALARATNAMNon-Executive - Non Independent Director-Chairperson
Mr. RAMANATHAN NARAYANANExecutive Director-MD
Mr. ARUN G BIJURNon-Executive - Non Independent Director
Mrs. BHARTI CHHOTUBHAI PITHAWALLANon-Executive - Non Independent Director
Mr. MOHAN VERGHESE CHUNKATHNon-Executive - Independent Director
Mr. PALANISAMY MANOHARANNon-Executive - Independent Director
Mrs. LAKSHMI NADKARNINon-Executive - Independent Director
Mr. CHELLAMANI NARESHNon-Executive - Independent Director
Mr. R. MadhusudhanCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

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

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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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 Ponni Sugars (Erode) 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.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

58 announcementsExport CSV

28 Sept 2026, 1:08 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

22 Sept 2026, 5:39 pmCompany Update

Disclosure On Change In Promoter Group

General PDF

18 Sept 2026, 1:30 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

18 Aug 2026, 11:24 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

18 Aug 2026, 10:30 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

17 Aug 2026, 3:17 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

25 Jul 2026, 5:27 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

24 Jul 2026, 1:44 pmBoard Meeting

Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended 30Th June 2026

Outcome of Board Meeting PDF

Date	Category	Subject	Filing
28 Sept 2026, 1:08 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 5:39 pm	Company Update General	Disclosure On Change In Promoter Group	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	47%	35.3%	32.9%	36.3%	33.4%	32.4%	35.8%	34.7%
EBITDA margin %	10.6%	13.3%	11.8%	12.3%	9.3%	10.2%	7.3%	8.6%
EBIT margin %	7.4%	11%	8.9%	10.1%	7.6%	8.2%	4.5%	6%
PAT margin %	4.6%	10%	10%	10.1%	8.8%	11.1%	5.4%	11.6%
Working capital
Receivable days	75	82	58	57	19	29	31	19
Inventory days	239	69	110	141	104	119	182	174
Payable days	135	50	75	65	47	34	25	29
NWC days	179	100	93	134	76	114	188	164
Leverage
Current ratio	1.2	1.97	2.77	3.29	3	4.89	6.28	5.66
Debt to EBITDA	1.78	0.41	0	0	0	0	0	0
Debt to equity	0.12	0.07	0	0	0	0	0	0
Interest coverage	4.8	14.2	53.9	300.8	137.1	400.2	561.8	65.4
Asset turnover	0.47	0.98	0.68	0.69	0.85	0.7	0.62	0.64
Return ratios
Return on assets %	2.2%	9.8%	6.8%	7%	7.5%	7.7%	3.3%	7.4%
Return on capital employed %	5.6%	13.6%	9.8%	10.1%	11.4%	10%	5%	6.7%
Return on equity %	2.9%	12.5%	7.9%	7.9%	8.5%	8.5%	3.6%	8.5%

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	35	51	-22	16	29	11	11	16	10	31
	0	-0	-5	2	1	3	-13	1	-12	-5	-31
	-6	-34	-46	23	-19	-24	-4	-5	-6	-6	-3
Net cash flow	0	1	-1	3	-3	7	-6	7	-2	-1	-4
Free cash flow	—	—	—	-23	13	26	-7	0	1	-17	15
CFO / Operating profit %	347.7%	528.5%	758.6%	-114.2%	37.7%	95.5%	30.6%	28.1%	37.3%	36.7%	86.2%

Ponni Sugars (Erode) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Announcements

Not in the F&O segment

No fund holdings on record

20

1

Announcements

Annual reports

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Cogeneration · revenue

Ponni Sugars (Erode) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Dividends20

Board meetings1

Announcements

Annual reports

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Cogeneration · revenue

20

1