The Andhra Sugars Limited (ANDHRSUGAR)
₹88.54 +0.06% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Andhra Sugars' revenue was ₹627 Cr (+4.6% year on year, -1.6% on the previous quarter), and net profit ₹46.6 Cr (+90.0% year on year); the operating margin was 11.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹627 | +4.6% | -1.6% |
| Operating profit | ₹73.4 | +35.3% | +54.5% |
| Net profit | ₹46.6 | +90.0% | +687.7% |
| EPS (₹) | 3.36 | +94.2% | +860.0% |
| Operating margin | 11.7% | — | — |
ANDHRSUGAR delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 39.21% of the ANDHRSUGAR shares traded on NSE were taken to delivery, against the stock's own 20-session average of 41.95%. That is close to its usual level.
Delivery in the last 5 sessions: 39.8% · 41.9% · 36.5% · 45.3% · 39.2%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
The Andhra Sugars Limited submitted a revision of its 79th Annual Report for FY26. Standalone net profit after tax surged to ₹83.67 Cr (up from ₹31.49 Cr in the prior year), largely driven by higher realizations in Caustic Soda and discontinued unprofitable sugar unit operations. Total standalone sales reached ₹1,437.32 Cr compared to ₹1,171.37 Cr in FY25. The Board recommended a total dividend of ₹1.20 per share (60%), comprising a normal dividend of ₹1.00 and a special dividend of ₹0.20.
- Standalone Net Profit for FY26 rose to ₹83.67 Cr versus ₹31.49 Cr in FY25
- Standalone sales increased to ₹1,437.32 Cr compared to ₹1,171.37 Cr in the prior year
- Dividend recommended at ₹1.20 per equity share (60% on ₹2 face value), amounting to an outflow of ₹16.26 Cr
- Caustic Soda Division achieved turnover of ₹682.49 Cr and profit after depreciation of ₹65.61 Cr
- Permanent closure of Sugar Unit at Tanuku implemented from 01.04.2025 and Ramagiri Windmills from 01.10.2025
The Andhra Sugars Limited has notified the stock exchange regarding the record date for its dividend entitlement. The record date has been established as September 18, 2026. The exchange filing provides the operational date for shareholder eligibility, following the announcement made on September 17, 2026.
- Record date for dividend entitlement fixed as 18.09.2026
- Announcement released on 2026-09-17
- Dividend quantum per share not disclosed in the filing extract
The Andhra Sugars reported a robust Q1 FY27 with standalone revenue rising 12.3% YoY to ₹377.57 Cr. Net profit surged 81.4% YoY to ₹45.38 Cr, representing a significant recovery from the ₹5.92 Cr reported in the preceding quarter (Mar 2026). Growth was primarily fueled by higher selling prices in the Chlor-Alkali and Industrial Chemicals segments, which together contributed ₹371.38 Cr to gross segment revenue. The Sugar segment reported zero revenue for the quarter, reflecting the company's ongoing rationalization of unviable units and seasonal factors.
- Standalone Net Profit increased 81.4% YoY to ₹45.38 Cr from ₹25.02 Cr
- Industrial Chemicals segment revenue jumped 41.3% YoY to ₹156.84 Cr
- Chlor-Alkali segment PBIT rose 15.4% YoY to ₹36.68 Cr
- Standalone EPS for the quarter improved to ₹3.35 from ₹1.85 YoY
- Total Comprehensive Income reached ₹41.90 Cr, up from ₹25.71 Cr in the year-ago period
The Andhra Sugars Limited has notified the stock exchange regarding the closure of its trading window for designated persons. This is a standard regulatory requirement under the SEBI (Prohibition of Insider Trading) Regulations, 2015. Such closures are mandatory ahead of the declaration of financial results to prevent insider trading. No specific dates for the board meeting or the reopening of the window were provided in this brief.
- Announcement submitted to the exchange on 2026-07-27
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
- Trading window closed for all designated persons and their immediate relatives
The Andhra Sugars Limited has successfully commissioned a 1.5 MW captive solar power plant at its Tanuku manufacturing facility in Andhra Pradesh as of July 16, 2026. This initiative is part of the company's strategy to optimize manufacturing efficiency and manage power costs, which is vital for its energy-intensive chemical and sugar operations. Given the company's TTM revenue of ₹2,466 Cr and a market cap of ₹1,200 Cr, this specific project is small in scale but aligns with its debt-free status (Debt: ₹1 Cr) and focus on internal consolidation. The move is expected to incrementally support operating margins, which stood at 8.4% for the trailing twelve months.
- Commissioned a 1.5 MW captive solar power plant on July 16, 2026
- Located at the Tanuku manufacturing facility in West Godavari District, Andhra Pradesh
- Company maintains a near-zero debt-to-equity ratio with total debt of only ₹1 Cr
- TTM Revenue of ₹2,466 Cr provides a stable base for internal efficiency projects
- Operating profit margin (OPM) currently stands at 8.4% as of the latest TTM data
The National Stock Exchange (NSE) issued a query to The Andhra Sugars Limited regarding a significant increase in trading volumes observed in its shares. This is a standard regulatory procedure designed to ensure that all price-sensitive information is available to the public. The company has submitted its response to the exchange as of July 7, 2026. Currently, the company maintains a market capitalization of ₹1,200 Cr and trades at a P/E ratio of 13.8x.
- Exchange query initiated on July 7, 2026, following unusual trading volume activity
- Company market capitalization stands at ₹1,200 Cr against TTM revenue of ₹2,466 Cr
- Promoter holding remains stable at 50.49% as per the latest March 2026 filings
- TTM PAT stands at ₹87 Cr with an operating profit margin of 8.4%
The Andhra Sugars Limited has submitted its compliance report regarding the maintenance of a Structural Digital Database (SDD) as per SEBI (Prohibition of Insider Trading) Regulations, 2015. This is a mandatory procedural requirement for listed companies to track the sharing of Unpublished Price Sensitive Information (UPSI). The filing confirms the company's adherence to internal governance and regulatory standards. There is no direct financial impact or change in business operations resulting from this announcement.
- Compliance filed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
- Filing confirms the maintenance of a Structural Digital Database (SDD) for tracking UPSI
- Document signed and submitted on July 4, 2026
- Company maintains a stable promoter holding of 50.49% as of March 2026
The Andhra Sugars Limited has notified the stock exchanges regarding the closure of its trading window for insiders. This action is a standard regulatory requirement under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure typically precedes the announcement of financial results for the quarter, ensuring that designated persons do not trade on unpublished price-sensitive information. The notification was officially signed on June 26, 2026.
- Trading window closed as per SEBI (Prohibition of Insider Trading) Regulations, 2015
- Restriction applies to all designated persons and their immediate relatives
- Announcement dated June 26, 2026, indicates preparation for upcoming financial disclosures
- Standard compliance procedure with no direct impact on company fundamentals
The Andhra Sugars Limited has recommended a total dividend of Rs. 1.20 per equity share for the financial year ending March 31, 2026. This payout is composed of a normal dividend of Rs. 1.00 (50%) and a special dividend of Rs. 0.20 (10%) on shares with a face value of Rs. 2.00. Shareholders as of the record date on September 18, 2026, will be eligible for the payment, pending approval at the 79th AGM. The dividend distribution is scheduled to commence from September 29, 2026.
- Total dividend recommended is Rs. 1.20 per share on a face value of Rs. 2.00.
- Dividend includes a normal component of Rs. 1.00 and a special component of Rs. 0.20.
- Record date for dividend eligibility is fixed as September 18, 2026.
- The 79th Annual General Meeting (AGM) is scheduled for September 24, 2026.
- Dividend payment/dispatch of warrants will begin from September 29, 2026.
The Andhra Sugars Limited has recommended a total dividend of Rs 1.20 per equity share for the financial year ending March 31, 2026. This payout includes a normal dividend of Rs 1.00 (50%) and a special dividend of Rs 0.20 (10%) on shares with a face value of Rs 2. The dividend is subject to approval at the 79th Annual General Meeting on September 24, 2026. Shareholders appearing on the register as of September 18, 2026, will be eligible for the payment.
- Total dividend recommended is Rs 1.20 per share (60% of face value).
- Dividend comprises Rs 1.00 normal dividend and Rs 0.20 special dividend.
- Record date for eligibility is September 18, 2026, with book closure starting September 19, 2026.
- Dividend warrants are scheduled to be dispatched starting from September 29, 2026.
The Andhra Sugars Limited has announced the suspension of crushing operations at its Taduvai and Bhimadole sugar units for the 2026-27 season due to a shortage of viable sugarcane. In FY 2025-26, the Taduvai unit reported a loss of Rs. 1266.77 Lakhs, while the Bhimadole unit reported a loss of Rs. 198.96 Lakhs. These units collectively impacted the company's profit/loss profile by approximately 12.87% in the previous year. The decision aims to prevent further operational losses stemming from low capacity utilization.
- Suspension of crushing operations at Taduvai and Bhimadole units for the entire 2026-27 season.
- Taduvai unit (including Co-Generation) incurred a loss before tax of Rs. 1266.77 Lakhs in FY 2025-26.
- Bhimadole unit incurred a loss before tax of Rs. 198.96 Lakhs in FY 2025-26.
- The Taduvai unit's loss impact on the company's total profit/loss was 11.12%.
- Operations halted due to non-availability of viable quantities of sugar cane in the respective regions.
The Andhra Sugars Limited reported a strong performance for the financial year ended March 31, 2026, with standalone revenue from operations growing 22.7% YoY to ₹1,437.32 crore. Net profit for the full year witnessed a massive jump of 165.7% to ₹83.67 crore, compared to ₹31.49 crore in FY25, primarily driven by the Industrial Chemicals segment. The Board has recommended a total dividend of ₹1.20 per share (60%), which includes a special dividend of ₹0.20. While annual figures are robust, Q4 FY26 profit was impacted by exceptional items totaling ₹24.27 crore, including impairment provisions and power charge demands.
- Standalone Net Profit for FY26 rose to ₹83.67 crore from ₹31.49 crore in the previous fiscal year.
- Annual Revenue from operations increased to ₹1,437.32 crore, a growth of 22.7% over FY25.
- Industrial Chemicals segment revenue surged 69% YoY to ₹530.76 crore, becoming a major growth driver.
- Board recommended a final dividend of ₹1.20 per share (50% normal and 10% special) on a face value of ₹2.
- Exceptional expenses of ₹25.60 crore were recorded in FY26, including impairment at the Bhimadole sugar unit and VRS payments.
The Andhra Sugars Limited reported a robust full-year performance for FY26, with standalone revenue increasing 22.7% YoY to ₹1,437.32 crore. Net profit for the year surged by 165% to ₹83.67 crore compared to ₹31.49 crore in the previous year, despite a sharp decline in Q4 profits due to exceptional costs. The Board has recommended a total dividend of ₹1.20 per share (60%), which includes a ₹0.20 special dividend. Growth was largely driven by the Industrial Chemicals segment, while the company also announced the discontinuation of certain underperforming sugar and power units.
- Full-year FY26 standalone PAT rose to ₹8,367.47 Lakhs from ₹3,149.11 Lakhs in FY25, a growth of 165%.
- Recommended a total dividend of ₹1.20 per share (60% on FV of ₹2), including a ₹1.00 normal and ₹0.20 special dividend.
- Industrial Chemicals segment revenue grew 69% YoY to ₹530.76 crore, significantly boosting the top line.
- Exceptional items totaling ₹25.60 crore were recognized, including impairment at the Bhimadole sugar unit and power charge demands.
- Discontinued operations at Tanuku (Sugar and Power) and Ramagiri (Wind Power) to streamline the business portfolio.
The Andhra Sugars Limited reported a strong financial performance for FY26, with standalone revenue growing 22.7% YoY to ₹1,437.3 crore. Net profit witnessed a massive jump of 165.7% to ₹83.7 crore, up from ₹31.5 crore in the previous year, despite absorbing exceptional expenses of ₹25.6 crore. The growth was largely fueled by the Industrial Chemicals segment, which saw a 69% revenue increase. The company also announced a total dividend of ₹1.20 per share, including a special dividend of ₹0.20.
- Standalone Revenue from Operations increased 22.7% YoY to ₹1,43,732.19 Lakhs.
- Net Profit (PAT) for the year surged 165.7% to ₹8,367.47 Lakhs compared to ₹3,149.11 Lakhs in FY25.
- Industrial Chemicals segment revenue grew significantly by 69% to ₹53,075.86 Lakhs.
- Recommended a total dividend of ₹1.20 per share (60%), comprising ₹1.00 normal and ₹0.20 special dividend.
- Exceptional items totaling ₹2,559.78 Lakhs were recognized, including impairment losses at the Bhimadole sugar unit and VRS payments.
The Andhra Sugars Limited has officially notified the stock exchanges regarding the closure of its trading window for all designated persons. This move is a mandatory compliance requirement under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure typically occurs ahead of the consideration and approval of financial results by the Board of Directors. This is a standard administrative procedure and does not reflect any change in the company's business fundamentals or financial health.
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
- Trading window closed for all designated persons and their immediate relatives
- Notification dated May 14, 2026, as per the digital signature provided
- Standard regulatory procedure preceding the announcement of financial results
Financial Performance
Revenue Growth by Segment
Total consolidated revenue from operations for H1 FY26 reached INR 1,197.25 Cr, representing a growth of 18.7% compared to INR 1,008.44 Cr in H1 FY25. Q2 FY26 revenue stood at INR 597.46 Cr, up 13.1% YoY from INR 528.42 Cr.
Geographic Revenue Split
Not specifically disclosed in the provided documents; however, the company operates primarily out of Andhra Pradesh, India, with its registered office in Tanuku.
Profitability Margins
Net Profit Margin for the owners significantly improved to 5.47% in Q2 FY26 (INR 32.67 Cr) from 0.84% in Q2 FY25 (INR 4.42 Cr). For H1 FY26, the net profit attributable to owners was INR 56.17 Cr, up 192.2% from INR 19.22 Cr in H1 FY25.
EBITDA Margin
Operating profit before working capital changes for H1 FY26 was INR 106.20 Cr (8.87% of revenue), a substantial increase of 187.5% from INR 36.94 Cr (3.66% of revenue) in H1 FY25.
Capital Expenditure
Capital expenditure for H1 FY26 (purchase of PPE, intangible assets, and CWIP) was INR 31.87 Cr, a decrease of 49.3% from the INR 62.91 Cr spent during H1 FY25.
Credit Rating & Borrowing
Finance costs for H1 FY26 were INR 1.30 Cr, an increase of 176.6% from INR 0.47 Cr in H1 FY25, indicating higher utilization of credit facilities or increased borrowing rates.
Operational Drivers
Raw Materials
Sugarcane (for sugar and alcohol), Salt (for Chlor-Alkali), and various chemical precursors; Cost of materials consumed reached INR 617.61 Cr in H1 FY26, representing 51.6% of total revenue.
Import Sources
Not specifically disclosed, though primary sourcing is likely domestic (Andhra Pradesh) for sugarcane and salt.
Capacity Expansion
Current installed capacity not specified in units, but the company is optimizing its footprint by permanently closing an unviable 30-year-old unit effective October 1, 2025, which previously contributed 0.73% to total profits.
Raw Material Costs
Raw material costs increased by 23.0% YoY in H1 FY26 to INR 617.61 Cr from INR 501.95 Cr, outpacing revenue growth and suggesting inflationary pressure on inputs.
Manufacturing Efficiency
Depreciation and amortization expenses for H1 FY26 were INR 37.99 Cr, reflecting a stable asset base compared to INR 36.43 Cr in H1 FY25.
Logistics & Distribution
Not specifically disclosed; however, other expenses (including distribution) were INR 113.53 Cr for H1 FY26.
Strategic Growth
Expected Growth Rate
18.70%
Growth Strategy
Growth is driven by a diversified product portfolio including high-value liquid and solid propellants for space/defense, expansion in the Chlor-Alkali and Aspirin markets, and improving margins by phasing out unviable 30-year-old operational units.
Products & Services
Sugar, Industrial Alcohol, Chlor-Alkali products (Caustic Soda, Chlorine), Sulphuric Acid, Aspirin, Liquid & Solid Propellants, and Electrical Power.
Brand Portfolio
The Andhra Sugars Limited.
New Products/Services
Not specifically detailed in the interim reports, though the company continues to focus on its specialized propellant and chemical segments.
Strategic Alliances
The group includes one subsidiary (assets of INR 289.59 Cr) and one associate company.
External Factors
Industry Trends
The industry is moving toward ethanol blending and specialized chemicals for defense; Andhra Sugars is well-positioned with its industrial alcohol and propellant divisions, achieving a 187.5% jump in operating profit in H1 FY26.
Competitive Landscape
Competes with other large-scale sugar mills and diversified chemical manufacturers in India.
Competitive Moat
The company possesses a cost leadership moat in integrated sugar-to-chemical operations and a technical moat in the production of specialized liquid and solid propellants for the space industry.
Macro Economic Sensitivity
Highly sensitive to agricultural cycles (sugarcane) and industrial demand for chemicals; H1 FY26 results show strong resilience with a 18.7% revenue jump despite global macro uncertainties.
Consumer Behavior
Increasing demand for green energy (ethanol) and domestic pharmaceutical ingredients (Aspirin) is positively impacting demand.
Geopolitical Risks
Potential trade barriers on chemical exports or changes in domestic sugar export quotas could impact top-line growth.
Regulatory & Governance
Industry Regulations
Subject to sugarcane pricing (FRP/SAP), ethanol procurement prices set by the government, and environmental norms for chemical discharge and power generation.
Environmental Compliance
Not specifically disclosed, though the company operates in highly regulated chemical and sugar sectors requiring significant ESG adherence.
Taxation Policy Impact
Effective tax rate for H1 FY26 was approximately 25.4% (INR 19.12 Cr tax on INR 75.27 Cr PBT).
Legal Contingencies
The company maintains internal financial controls; auditors expressed an unmodified opinion on the effectiveness of controls as of March 31, 2025.
Risk Analysis
Key Uncertainties
Raw material price volatility (sugarcane/salt) and the operational viability of aging plants (leading to the closure of a unit in Oct 2025).
Geographic Concentration Risk
High concentration in Andhra Pradesh, making it susceptible to regional policy changes and local weather patterns affecting crop yields.
Third Party Dependencies
Significant dependency on local farmers for sugarcane supply and government agencies for propellant off-take.
Technology Obsolescence Risk
Risk identified in older units (30+ years), addressed by the board's decision to close unviable operations to maintain group-wide technological relevance.
Credit & Counterparty Risk
Trade receivables stood at a level requiring a decrease of INR 65.31 Cr in H1 FY26 to manage working capital, indicating active credit management.
