🔍

KCP Sugar and Industries Corporation Limited (KCPSUGIND)

₹25.39 -1.24% last close, 16 Oct

📊 NSE: KCPSUGIND 🏢 Sugar 📢 Latest filing: 06 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, KCP Sugar's revenue was ₹78.0 Cr (+31.4% year on year, +13.1% on the previous quarter), and net profit ₹46.2 Cr (+141.5% year on year); the operating margin was 3.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹78.0	+31.4%	+13.1%
Operating profit	₹2.6	from loss	from loss
Net profit	₹46.2	+141.5%	from loss
EPS (₹)	4.08	+141.4%	from loss
Operating margin	3.3%	—	—

Full quarterly financials → Results calendar →

KCPSUGIND exchange data

NSE end-of-day data for Fri, 16 Oct 2026

It closed at a price band (circuit) on 6 sessions in about the last 20.

₹25.39NSE close · -1.24%

Circuit stocks →

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

KCP Sugar Submits Reg 74(5) Demat Compliance Certificate for Q2 Ended September 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 06 Oct 2026, 05:50 PM

K.C.P. Sugar and Industries Corporation Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate was issued by Registrar and Share Transfer Agent Integrated Registry Management Services Private Limited for the quarter ended September 30, 2026. It confirms that securities received for dematerialisation during the period were duly processed, confirmed, and listed on stock exchanges. This is a standard quarterly administrative filing with no financial or operational impact.

Compliance certificate submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Pertains to the quarter ended September 30, 2026
Issued by RTA Integrated Registry Management Services Private Limited on October 3, 2026
Filing made to BSE (Scrip Code: 533192) and NSE (Symbol: KCPSUGIND) on October 6, 2026

💡 No action is required as this is a procedural filing; investors should track upcoming Q2 financial results for operational updates.

Sethi Funds Management Acquires 50,000 Shares (0.04% Stake) in KCPSUGIND via Open Market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Oct 2026, 05:42 PM

K.C.P. Sugar and Industries Corporation Ltd. received a disclosure under SEBI SAST Regulation 29(2) regarding a share acquisition. Sethi Funds Management Private Limited purchased 50,000 equity shares via open market transactions, representing 0.04% of the total issued share capital. Against KCPSUGIND's market cap of Rs 278 Cr, the stake bought translates to approximately Rs 0.12 Cr at the current share price of Rs 24.4. While marginally reinforcing promoter/insider-aligned ownership, the transaction size is minor relative to the overall equity base.

Sethi Funds Management acquired 50,000 equity shares of the company
Acquisition accounts for 0.04% of total issued and paid-up share capital
Transaction conducted through open market purchases
Filing submitted under Regulation 29(2) of SEBI SAST Regulations, 2011

💡 Track subsequent quarterly shareholding patterns to assess ongoing shifts in promoter and significant shareholder stakes.

CARE Reaffirms KCP Sugar's Bank Facilities Rating at 'CARE A-; Stable / CARE A2+'

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 30 Sep 2026, 04:14 PM

CARE Ratings Limited has reaffirmed its credit ratings for KCP Sugar and Industries Corporation Limited's bank facilities and fixed deposit programme. Long-term bank facilities rating stands reaffirmed at 'CARE A-; Stable' with the limit enhanced from ₹63.20 crore to ₹70.00 crore. Long-term/Short-term facilities were reaffirmed at 'CARE A-; Stable / CARE A2+' with rated limits increasing to ₹65.00 crore from ₹30.00 crore, while short-term bank facilities of ₹54.09 crore and fixed deposits of ₹91.22 crore were also reaffirmed.

Long-term bank facilities reaffirmed at 'CARE A-; Stable' and enhanced to ₹70.00 crore from ₹63.20 crore
Long-term / Short-term facilities reaffirmed at 'CARE A-; Stable / CARE A2+' and enhanced to ₹65.00 crore from ₹30.00 crore
Short-term bank facilities reaffirmed at 'CARE A2+' with limit reduced to ₹54.09 crore from ₹59.09 crore
Fixed deposit rating reaffirmed at 'CARE A-; Stable' for ₹91.22 crore

💡 Monitor upcoming Q2 FY27 results to track operating profitability, cane availability, and debt servicing metrics.

Sethi Funds Management Acquires 1.25 Lakh Shares (0.11% Stake) in KCP Sugar via Open Market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Sep 2026, 05:14 PM

KCP Sugar and Industries Corporation Limited received a disclosure under SEBI (SAST) Regulation 29(2) stating that Sethi Funds Management Private Limited purchased 1,25,000 equity shares via open market transactions. The acquisition represents 0.11% of the company's total issued and paid-up share capital. At the current share price of approximately Rs 32.3, the transaction value stands at roughly Rs 0.40 crore. The incremental transaction reflects modest insider/promoter-related buying without altering operating dynamics or management control.

Acquisition of 1,25,000 equity shares through open market purchases
Acquired shares represent 0.11% of the company's total issued and paid-up capital
Acquiring entity identified as Sethi Funds Management Private Limited
Filing made pursuant to SEBI SAST Regulation 29(2) on September 3, 2026

💡 Track promoter and insider shareholding patterns in upcoming quarterly disclosures to observe any sustained consolidation trends.

KCP Sugar Schedules 31st AGM for Sep 24, 2026; Proposes ₹0.10/Share Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Aug 2026, 08:39 PM

KCP Sugar and Industries Corporation Limited has issued the notice for its 31st Annual General Meeting (AGM) scheduled for September 24, 2026, via Video Conferencing. Key agenda items include the declaration of a 10% dividend (₹0.10 per equity share) for FY26, with the record date set as September 17, 2026. The company also seeks shareholder approval to ratify minimum remuneration of ₹37.30 lakh paid to Executive Director Ms. Kiran Velagapudi in FY26 amidst inadequate profits, and the re-appointment of Director Mr. Vinod R. Sethi.

31st AGM scheduled for Thursday, September 24, 2026, at 11:00 AM IST via VC/OAVM.
Dividend of ₹0.10 per equity share (10% on face value) recommended for FY26 with a record date of September 17, 2026.
Shareholder ratification sought for ₹37,30,334 minimum remuneration to Executive Director Ms. Kiran Velagapudi for FY26 (fourth year of inadequate profits).
Approval sought for re-appointment of retiring Director Mr. Vinod R. Sethi, who holds 9,73,610 equity shares.

💡 Track the AGM voting outcome on September 24, 2026, and note the dividend entitlement record date of September 17, 2026.

KCPSUGIND Resubmits Q1 Results in Machine Readable Format; Q1 PAT at ₹46.25 Cr

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Aug 2026, 08:26 PM

KCP Sugar and Industries Corporation Limited has submitted its unaudited financial results for the quarter ended June 30, 2026, in machine-readable form following an exchange request on August 31, 2026. The underlying results, originally announced on August 12, 2026, report consolidated revenue from operations of ₹78.03 crore compared to ₹59.37 crore in the prior-year period. Consolidated net profit stood at ₹46.25 crore, significantly supported by ₹55.52 crore in other income. As this filing is a procedural resubmission of already disclosed numbers, it presents no new financial development.

Procedural resubmission of Q1 (ended June 30, 2026) results in machine-readable form following exchange communication.
Consolidated revenue from operations for Q1 stood at ₹78.03 crore (₹7,802.66 lakhs) vs ₹59.37 crore in Q1 last year.
Consolidated PAT reported at ₹46.25 crore (₹4,624.77 lakhs), largely bolstered by other income of ₹55.52 crore (₹5,552.47 lakhs).
Deferred off-season expenses include ₹943.99 lakhs in other expenditure and ₹58.11 lakhs in depreciation to be absorbed in later quarters.

💡 No action required on this administrative filing. Monitor core operating profitability and sugarcane crushing volumes in subsequent quarterly results.

Sethi Funds Management Acquires 95,000 Shares (0.08% Stake) in KCPSUGIND via Open Market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Aug 2026, 02:11 PM

K.C.P. Sugar and Industries Corporation Limited received a disclosure under SEBI SAST Regulation 29(2) regarding a secondary market transaction. Sethi Funds Management Private Limited purchased 95,000 equity shares, representing approximately 0.08% of the company's total issued and paid-up share capital. The acquisition was executed via open market purchases. Given the small quantum (0.08%), the transaction represents a minor change in shareholding.

Acquisition of 95,000 equity shares in KCPSUGIND via open market purchases
Transaction represents 0.08% of total issued and paid-up share capital
Filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011 on August 21, 2026

💡 Track subsequent quarterly shareholding patterns to monitor continuous insider/promoter group accumulation trends.

KCP Sugar Announces ₹153.4 Cr Supply Contract and ₹0.10 Final Dividend

🟢 POSITIVE ⭐ 8/10

BOARD_MEETING 📅 12 Aug 2026, 05:20 PM

KCP Sugar and Industries Corporation has approved a significant supply contract worth ₹153.40 Cr from its wholly-owned subsidiary, The EIMCO-KCP Limited, for engineering parts. This contract is highly material, representing approximately 59% of the company's TTM revenue of ₹260 Cr. Additionally, the board recommended a final dividend of ₹0.10 per share for FY26, with the record date set for September 17, 2026. The company also reported Q1 FY27 results, utilizing a seasonal accounting practice to defer ₹9.44 Cr in off-season expenses to future quarters.

Approved a major supply contract worth ₹153.40 Cr from subsidiary The EIMCO-KCP Limited for engineering parts.
Recommended a final dividend of ₹0.10 per equity share for the financial year ended March 31, 2026.
Fixed September 17, 2026, as the Record Date for determining dividend eligibility.
Deferred ₹9.44 Cr in staff and manufacturing expenses from Q1 to be absorbed during the sugar season.
Scheduled the 31st Annual General Meeting (AGM) for September 24, 2026.

💡 Investors should monitor the execution timeline of the ₹153.40 Cr engineering contract and its impact on the company's operating margins, which have historically been thin (0.3% TTM).

Rs 153 Cr Order Win and Re 0.10 Dividend: KCP Sugar Board Meeting Outcome

🟢 POSITIVE ⭐ 9/10

BOARD_MEETING 📅 12 Aug 2026, 04:38 PM

KCP Sugar and Industries Corporation Limited has approved its Q1 FY27 financial results and recommended a final dividend of Re 0.10 per share for FY26. A major development is the approval of a significant supply contract worth Rs 153.40 Cr from its wholly-owned subsidiary, The EIMCO-KCP Limited, for engineering parts. This order is highly material, representing approximately 59% of the company's TTM revenue of Rs 260 Cr. Additionally, the company has deferred Rs 10.02 Cr in seasonal expenses to align with the sugar production cycle.

Approved a major supply contract worth Rs 153.40 Cr from subsidiary The EIMCO-KCP Limited for engineering parts
Recommended a final dividend of Re 0.10 per equity share for the financial year ended March 31, 2026
Fixed September 17, 2026, as the Record Date for determining dividend eligibility
Deferred Rs 9.44 Cr in other expenditure and Rs 0.58 Cr in depreciation to future quarters due to the seasonal nature of the sugar industry
Scheduled the 31st Annual General Meeting (AGM) for September 24, 2026

💡 Investors should monitor the execution timeline of the Rs 153.40 Cr engineering order, as it provides significant revenue visibility compared to the current TTM revenue of Rs 260 Cr.

KCPSUGIND Clarifies No Undisclosed Material Events Behind Recent Price Movement

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 28 Jul 2026, 10:36 AM

KCP Sugar and Industries Corporation Limited (KCPSUGIND) responded to a surveillance query from the National Stock Exchange on July 28, 2026, regarding significant price movement in its shares. The company clarified that it has made all necessary disclosures under SEBI (LODR) Regulations, 2015. Management confirmed there is no unpublished price sensitive information (UPSI) or impending announcements that would impact trading volume or price. The company attributes the recent volatility to market-driven dynamics and investor sentiment rather than internal developments.

NSE issued a surveillance query (Ref: NSE/CM/Surveillance/17307) on July 27, 2026
Company submitted its formal clarification on July 28, 2026, at 10:24 AM
Management confirmed 0 undisclosed material events or impending announcements
Price movement attributed to market dynamics beyond the company's control

💡 Investors should focus on fundamental drivers such as sugar prices and ethanol policy, as the company has officially denied any specific undisclosed news behind the recent price action.

KCPSUGIND Submits Quarterly Compliance Certificate for Dematerialization (June 2026)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jul 2026, 12:33 PM

KCP Sugar and Industries Corporation Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by the Registrar and Share Transfer Agent (RTA), Integrated Registry Management Services Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed. The RTA verified that the securities were listed on the stock exchanges and the physical certificates were cancelled. This is a standard administrative filing with no impact on the company's financial or operational status.

Compliance certificate submitted for the quarter ended June 30, 2026
Confirmation provided under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Registrar confirmed that securities received for dematerialization were listed on stock exchanges
Filing dated July 13, 2026, following the RTA's confirmation on July 2, 2026

💡 No action is required as this is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for material performance updates.

0.28% Stake Acquired by Sethi Funds Management via Open Market

🟢 POSITIVE ⭐ 4/10

OTHER 📅 03 Jul 2026, 05:43 PM

Sethi Funds Management Private Limited has acquired 3,09,000 equity shares of KCP Sugar and Industries Corporation Limited, representing a 0.28% stake. The acquisition was executed through the open market. This follows a pattern of incremental stake increases by promoter-linked entities, including a 0.04% increase by Chairman Vinod R. Sethi in late 2025. While the transaction size is small relative to the total capital, it signals continued interest from the management group at current valuation levels.

Acquisition of 3,09,000 equity shares via open market transactions
The acquired shares represent 0.28% of the total issued and paid-up share capital
Promoter holding was last reported at 41.55% as of March 2026
Company reported TTM revenue of Rs 260 Cr and TTM PAT of Rs 11 Cr

💡 Investors should monitor the trend of promoter-linked buying alongside the company's progress in its non-sugar verticals, such as the black gram processing unit which now contributes over 20% of revenue.

0.17% Stake Acquisition by Sethi Funds Management in KCP Sugar via Open Market

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 29 Jun 2026, 05:32 PM

Sethi Funds Management Private Limited has acquired 1,95,000 equity shares of KCP Sugar and Industries Corporation Limited, representing a 0.17% stake in the company. The transaction was executed through the open market, as disclosed on June 29, 2026. This follows a previous minor stake increase by Chairman Vinod R. Sethi (0.04%) in late 2025. While the acquisition size is small relative to the total capital, it indicates continued interest from entities associated with the management/promoter group despite a thin TTM operating margin of 0.3%.

Acquisition of 1,95,000 equity shares representing 0.17% of total paid-up capital
Purchase conducted via open market transactions as per SEBI (SAST) Regulations
Promoter holding stood at 41.55% as of March 2026 prior to this disclosure
Company reported a TTM revenue of Rs 260 Cr with a net profit of Rs 11 Cr

💡 Investors should monitor the promoter holding trend in the next shareholding pattern filing to confirm if this is part of a larger accumulation strategy. Focus on the company's diversification into black gram processing (20.2% of FY25 revenue) to offset sugar cyclicality.

KCPSUGIND Trading Window to Close from July 1, 2026, for Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Jun 2026, 04:58 PM

KCP Sugar and Industries Corporation Limited has announced the closure of its trading window for designated persons starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the financial results are declared to the exchanges. The specific date for the board meeting to approve these results has not yet been finalized and will be communicated later.

Trading window closure effective from Wednesday, July 1, 2026.
Closure pertains to the review of Unaudited Financial Results for the quarter ending June 30, 2026.
The window will reopen 48 hours after the official declaration of the quarterly results.
The announcement follows SEBI (Prohibition of Insider Trading) Regulations, 2015 and 2018 amendments.

💡 This is a routine regulatory filing with no impact on company fundamentals; investors should wait for the upcoming board meeting date to assess Q1 performance.

Sethi Funds Management Acquires 1,00,000 Shares (0.09%) in KCP Sugar via Open Market

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 19 Jun 2026, 05:11 PM

Sethi Funds Management Private Limited has acquired 1,00,000 equity shares of KCP Sugar and Industries Corporation Limited through the open market. This acquisition represents approximately 0.09% of the company's total issued and paid-up share capital. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. While the stake is relatively small, it reflects institutional activity in the stock.

Acquisition of 1,00,000 equity shares by Sethi Funds Management Private Limited
The stake acquired represents 0.09% of the total paid-up share capital
Transaction was executed through the open market
Disclosure filed with exchanges on June 19, 2026

💡 The acquisition size is minimal (0.09%) and unlikely to impact stock price significantly. Investors should monitor if the fund continues to accumulate shares in the future.

View All KCPSUGIND Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total Operating Income (TOI) decreased by 22.6% from INR 293.7 Cr in FY24 to INR 227.35 Cr in FY25. The Black Gram segment showed significant growth, contributing 20.2% of TOI in FY25 compared to only 3.9% in FY24, while the sugar segment faced declines due to lower cane availability.

Geographic Revenue Split

100% of manufacturing operations are concentrated in Andhra Pradesh, specifically the Krishna River delta region (Vuyyuru and Lakshmipuram) and Tamil Nadu (Trichy engineering unit).

Profitability Margins

Net Profit Margin (PAT/OI) declined from 19.2% in FY24 to 11.8% in 9MFY25. Profitability is heavily impacted by the cyclicality of sugar prices and cane recovery rates.

EBITDA Margin

Operating profit margin (OPBDIT/OI) turned negative at -18.1% in 9MFY25 compared to 4.4% in FY24. PBILDT dropped from INR 11.64 Cr in FY24 to a loss of INR 4.30 Cr in FY25 due to lower cane recovery and higher variable costs.

Capital Expenditure

No major debt-funded capital expenditure is planned for the near term. Historical focus has been on the INR 22,000 MTPA black gram unit completed in February 2023.

Credit Rating & Borrowing

CARE A-; Stable (Reaffirmed in October 2025). The company maintains a comfortable capital structure with an overall gearing of 0.30x as of March 31, 2025, down from 0.41x in FY24.

⚙️ Operational Drivers

Raw Materials

Sugarcane (primary input for sugar and distillery) and Black Gram (urad dal) for the processing unit. Sugarcane costs are highly variable based on climatic conditions and government-mandated pricing.

Import Sources

Sourced locally from the fertile Krishna River delta region in Andhra Pradesh to minimize logistics costs and ensure freshness for crushing.

Key Suppliers

Procured directly from local farmers; the company maintains long-standing relationships with a large base of growers in the Krishna district.

Capacity Expansion

Sugar crushing: 7,500 TCD; Distillery: 50 KLPD; Co-generation: 15 MW; Black Gram processing: 22,000 MTPA (added Feb 2023); Pharma-grade calcium lactate: 500 TPA.

Raw Material Costs

Raw material costs are a significant portion of revenue; lower cane recovery rates in the Krishna delta have increased the effective cost per unit of sugar produced, leading to operational losses in the sugar segment.

Manufacturing Efficiency

Cane recovery rates have been lower than historical averages, negatively impacting manufacturing efficiency and increasing the cost of production.

Logistics & Distribution

Distribution costs are managed through the integrated nature of the Vuyyuru complex, which processes by-products (molasses, bagasse) on-site.

📈 Strategic Growth

Growth Strategy

The company is pivoting toward non-sugar verticals, specifically the black gram processing unit which grew its revenue share to 20.2% in FY25. It also focuses on high-value pharma-grade calcium lactate (500 TPA) and bio-fertilizers to improve blended margins.

Products & Services

Sugar, Ethanol/Alcohol, Electricity (Cogeneration), Pharma-grade Calcium Lactate, Carbon Dioxide, Bio-fertilizers, Mycorrhiza, and Processed Black Gram (Urad Dal).

Brand Portfolio

KCP Sugar.

New Products/Services

Black gram processing (22,000 MTPA) launched in Feb 2023 is the primary new revenue driver, contributing over 20% of TOI within two years.

Market Expansion

Expansion into the agricultural food processing sector (Black Gram) to leverage existing farmer relationships in Andhra Pradesh.

Market Share & Ranking

The company is a significant regional player in Andhra Pradesh with an 80-year track record.

Strategic Alliances

Operates through subsidiaries including The EIMCO K.C.P. Ltd. and KCP Sugars Agricultural Research Farms Ltd.

🌍 External Factors

Industry Trends

The industry is shifting toward an 'Energy and Food' complex model, where sugar mills act as biorefineries producing ethanol for fuel blending and food products like pulses.

Competitive Landscape

Competes with other integrated sugar mills in South India and unorganized players in the pulses (black gram) processing sector.

Competitive Moat

Durable moat built on 80 years of brand equity and deep-rooted farmer relationships in the Krishna delta, which are difficult for new entrants to replicate.

Macro Economic Sensitivity

Highly sensitive to agricultural inflation and monsoon patterns which dictate raw material pricing and availability.

Consumer Behavior

Increasing demand for pharma-grade ingredients and branded staples (pulses) supports the company's diversification strategy.

Geopolitical Risks

Global sugar supply-demand balances influence domestic pricing, though the company mitigates this through domestic value-added products.

⚖️ Regulatory & Governance

Industry Regulations

Strictly regulated by the Essential Commodities Act, sugar export-import policies, and state-mandated cane pricing (SAP/FRP).

Environmental Compliance

Operates effluent treatment and pollution control systems commensurate with sugar and distillery standards; costs are integrated into operational expenses.

Taxation Policy Impact

Subject to standard corporate tax rates; fiscal policies regarding ethanol blending prices significantly impact distillery profitability.

⚠️ Risk Analysis

Key Uncertainties

Raw material risk is the highest uncertainty; lower cane availability led to a negative interest coverage ratio of -4.9 in 9MFY25.

Geographic Concentration Risk

High concentration risk with primary manufacturing assets located in a single district (Krishna, AP), making the company vulnerable to regional weather disruptions.