🔍

Magadh Sugar & Energy Limited (MAGADSUGAR)

₹602.15 +3.61% last close, 16 Oct

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

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Magadh Sugar's revenue was ₹311 Cr (-6.8% year on year, +6.8% on the previous quarter), and net profit ₹-12.2 Cr (against a profit a year earlier); the operating margin was 0.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹311	-6.8%	+6.8%
Operating profit	₹0.7	-96.2%	-99.1%
Net profit	₹-12.2	to loss	to loss
EPS (₹)	-8.67	to loss	to loss
Operating margin	0.2%	—	—

Full quarterly financials → Results calendar →

MAGADSUGAR delivery percentage

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

On Fri, 16 Oct 2026, 32.06% of the MAGADSUGAR shares traded on NSE were taken to delivery, against the stock's own 20-session average of 38.43%. That is close to its usual level.

32.06%Delivery, 16 Oct

38.43%Own 20-session average

1.6×Volume vs its average

₹602.15NSE close · +3.61%

Delivery in the last 5 sessions: 35.6% · 25.9% · 35.1% · 32.7% · 32.1%

Delivery across the market →

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

Magadh Sugar Submits Q2 FY27 Dematerialisation Compliance Certificate

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 06 Oct 2026, 04:25 PM

Magadh Sugar & Energy Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by MUFG Intime India Private Limited, the company's Registrar and Share Transfer Agent. It confirms that share certificates received for dematerialisation were processed, confirmed or rejected, and properly cancelled within prescribed timelines. This is a standard quarterly regulatory compliance intimation with zero financial impact.

Compliance certificate submitted for the quarter ended September 30, 2026
Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Certificate received from Registrar MUFG Intime India Private Limited dated October 3, 2026
Filing submitted to exchanges on October 6, 2026

💡 No action required on this procedural filing; investors should track upcoming Q2 FY27 financial results.

Magadh Sugar Shareholders Approve Appointment of Independent Director with 99.99% Majority

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 23 Sep 2026, 07:22 PM

Magadh Sugar & Energy Limited has announced the passing of a special resolution via postal ballot approving the appointment of Lieutenant General Rakesh Kapoor (Retd.) as a Non-Executive Independent Director. The resolution received overwhelming support with 99.9968% votes in favour (96,02,333 votes) out of 96,02,643 total votes polled. The appointment is effective for a 5-year tenure spanning from August 4, 2026 to August 3, 2031. Total voter turnout represented 68.14% of the company's outstanding equity shares.

Special resolution passed with 99.9968% votes in favour and only 310 dissent votes (0.0032%)
Appointed Lieutenant General Rakesh Kapoor (Retd.) for a 5-year term from August 4, 2026 to August 3, 2031
Total voter participation reached 68.1443% across 96,02,643 polled shares out of 1,40,91,630 total shares
Promoter group voted 100% of their 85,98,482 shares in favour of the appointment

💡 Track subsequent corporate governance disclosures and any changes to board committee compositions following this board addition.

Magadh Sugar Issues Postal Ballot Notice for 5-Year Independent Director Appointment

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 24 Aug 2026, 05:54 PM

Magadh Sugar & Energy Limited has issued a Postal Ballot Notice to seek shareholder approval for the appointment of Lieutenant General Rakesh Kapoor (Retd.) as a Non-Executive Independent Director. The proposed tenure spans 5 consecutive years, from August 4, 2026, to August 3, 2031. Remote e-voting is scheduled to begin on August 25, 2026, and will close on September 23, 2026, based on the record cut-off date of August 14, 2026.

Special Resolution proposed for the appointment of Lt. Gen. Rakesh Kapoor (Retd.) as Non-Executive Independent Director
Proposed appointment tenure of 5 years from August 4, 2026, up to August 3, 2031
Remote e-voting period open from August 25, 2026 (9:00 AM IST) to September 23, 2026 (5:00 PM IST)
Cut-off date for shareholder voting eligibility established as August 14, 2026

💡 Eligible shareholders may cast their votes via NSDL e-voting before September 23, 2026; scrutiniser results will be declared within two working days of voting closure.

Rs 12.22 Cr Net Loss in Q1FY27 as EBITDA Collapses 93% on Lower Volumes

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 04 Aug 2026, 04:40 PM

Magadh Sugar & Energy reported a weak Q1FY27 with revenue declining 7% YoY to Rs 311.27 Cr, driven by lower sugar and ethanol sales volumes. EBITDA plummeted 93% to Rs 1.46 Cr due to margin pressure from higher production costs, resulting in a net loss of Rs 12.22 Cr compared to a marginal profit of Rs 0.22 Cr in Q1FY26. The company is currently executing modernization projects at its Narkatiaganj plant to improve sugar quality and distillery efficiency. Total debt remains high at Rs 691 Cr, exceeding the current market capitalization of approximately Rs 647 Cr.

EBITDA crashed 93% YoY to Rs 1.46 Cr from Rs 19.92 Cr in the previous year's quarter.
Net Loss of Rs 12.22 Cr reported for Q1FY27 against a profit of Rs 0.22 Cr in Q1FY26.
Sugar sales volume declined by 7% to 5.92 Lac Qtls due to lower production and quota allocation.
Ethanol sales volume decreased by 5% to 105 Lac Ltrs due to lower offtake by Oil Marketing Companies.
Total debt stood at Rs 691 Cr as of June 2026, with a net interest cost of Rs 9.94 Cr for the quarter.

💡 Watch for the completion of the Narkatiaganj refinery conversion and incineration boiler by September 2026, which are intended to increase distillery operating days to 340 and improve sugar realizations.

Rs 12.22 Cr Net Loss in Q1 FY27 as EBITDA Drops 92.7% YoY

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 04 Aug 2026, 04:36 PM

Magadh Sugar & Energy reported a weak Q1 FY27, swinging to a net loss of Rs 12.22 Cr from a marginal profit of Rs 0.22 Cr in Q1 FY26. Total income declined by 6.8% YoY to Rs 311.27 Cr, while EBITDA collapsed by 92.7% to just Rs 1.46 Cr. The company cited higher sugarcane procurement costs as a primary driver for margin pressure. Management is pivoting toward modernization, including converting the Narkatiaganj plant to a refinery and installing an incineration boiler to extend distillery operations to 340 days annually.

Total Income decreased to Rs 311.27 Cr in Q1 FY27 from Rs 333.88 Cr in Q1 FY26
EBITDA plummeted to Rs 1.46 Cr, a 92.7% decline compared to Rs 19.92 Cr in the previous year
Net Loss stood at Rs 12.22 Cr against a profit of Rs 0.22 Cr in the year-ago period
Distillery operational capacity targeted at 340 days annually following incineration boiler installation
Combined sugar crushing capacity maintained at 21,500 TCD across three mills in Bihar

💡 Investors should monitor the timeline for the Narkatiaganj refinery conversion and the impact of the new Bihar Sugarcane Industry Investment Promotion Policy 2026 on operational costs.

Magadh Sugar Reports ₹12.22 Cr Net Loss in Q1 FY27; Revenue Declines 6.8% YoY

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 04 Aug 2026, 01:37 PM

Magadh Sugar & Energy Limited reported a weak performance for Q1 FY27, swinging to a net loss of ₹12.22 cr from a marginal profit of ₹0.22 cr in Q1 FY26. Revenue from operations declined 6.8% YoY to ₹310.54 cr, with both sugar and distillery segments seeing lower top-line contributions. The sugar segment recorded an EBIT loss of ₹9.99 cr, while distillery EBIT fell 39% YoY to ₹7.18 cr. The company also announced the appointment of Lt. Gen. Rakesh Kapoor (Retd.) as an Independent Director for a five-year term.

Net loss of ₹12.22 cr in Q1 FY27 compared to a profit of ₹0.22 cr in Q1 FY26.
Revenue from operations fell to ₹310.54 cr from ₹333.04 cr in the corresponding quarter last year.
Sugar segment EBIT turned to a loss of ₹9.99 cr from a profit of ₹4.56 cr YoY.
Distillery segment revenue decreased by 12.7% YoY to ₹62.42 cr.
Finance costs decreased to ₹9.94 cr from ₹12.24 cr in the previous year's quarter.

💡 Investors should monitor sugar realization prices and government ethanol blending policies, which are critical for the distillery segment's margins. The upcoming crushing season starting in November will be the key catalyst for operational recovery.

Magadh Sugar reports Rs 12.22 Cr Net Loss in Q1 FY27; Revenue down 6.7% YoY

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 04 Aug 2026, 01:33 PM

Magadh Sugar & Energy reported a net loss of Rs 12.22 crore for Q1 FY27, a significant decline from a marginal profit of Rs 0.22 crore in Q1 FY26. Revenue from operations fell 6.7% YoY to Rs 310.54 crore, primarily due to weakness in the sugar segment which swung to a loss of Rs 9.99 crore. The distillery segment, a key margin driver, saw its profit drop 39% YoY to Rs 7.18 crore. High finance costs of Rs 9.94 crore continue to weigh on the bottom line, representing nearly 3.2% of quarterly revenue.

Net loss of Rs 12.22 crore in Q1 FY27 compared to a profit of Rs 0.22 crore in Q1 FY26
Revenue from operations decreased to Rs 310.54 crore from Rs 333.04 crore YoY
Sugar segment reported a loss of Rs 9.99 crore vs a profit of Rs 4.56 crore in the previous year's corresponding quarter
Distillery segment profit declined to Rs 7.18 crore from Rs 11.79 crore YoY
Finance costs remained elevated at Rs 9.94 crore for the quarter

💡 Investors should monitor sugar recovery rates and realization prices as the next crushing season approaches in November. The performance of the grain-based ethanol expansion will be critical to offset the inherent seasonality and volatility of the sugar business.

Magadh Sugar Shareholders Approve FY26 Financials and Dividend at 12th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Jul 2026, 06:47 PM

Magadh Sugar & Energy Limited concluded its 12th Annual General Meeting on July 29, 2026, with all five resolutions passed by the requisite majority. Shareholders approved the adoption of FY26 financial statements, which reported a revenue of ₹920.13 crore and a net profit of ₹48.77 crore. The meeting also ratified the dividend for FY26 and the appointment of Rajan Arvind Dalal as an Independent Director for a five-year term. Total voting turnout stood at 67.76% of the total equity shares.

Total of 9,547,959 votes were polled, representing 67.76% of the 14,091,630 total equity shares.
Resolution to declare dividend for FY26 passed with 99.9999% assent (9,547,946 votes in favor).
Appointment of Rajan Arvind Dalal as Independent Director approved for a 5-year term ending May 2031.
Adoption of FY26 Audited Financial Statements passed with 99.9997% majority.
Promoter group voting was 100% in favor across all resolutions, holding 8,598,482 shares.

💡 Investors should monitor the company's website for the specific dividend payout date and focus on upcoming Q1 FY27 results to gauge operational performance.

Rs 12.50 Dividend Approved at Magadh Sugar 12th AGM; New Independent Director Appointed

🟡 NEUTRAL ⭐ 5/10

ROUTINE 📅 29 Jul 2026, 12:45 PM

Magadh Sugar & Energy Limited concluded its 12th Annual General Meeting on July 29, 2026, with shareholders approving all five proposed resolutions. A significant outcome is the formal declaration of a dividend of Rs 12.50 per equity share (125% of face value) for the financial year 2025-26. The company also confirmed the appointment of Rajan Arvind Dalal as an Independent Director for a five-year term. These approvals follow a fiscal year (FY26) where the company generated Rs 920.13 crore in revenue and Rs 48.77 crore in net profit.

Approved a dividend of Rs 12.50 per equity share on 1,40,91,630 shares for FY25-26
Confirmed FY26 annual performance with revenue of Rs 920.13 crore and PAT of Rs 48.77 crore
Appointed Rajan Arvind Dalal as an Independent Director for a 5-year term ending May 2031
Ratified remuneration for Cost Auditors M/s D Radhakrishnan & Co. for FY2026-27
The meeting was attended by 56 members via video conferencing

💡 Investors should monitor the dividend payment timeline and track the company's progress in its grain-based ethanol expansion as discussed in the future outlook during the meeting.

June 30, 2026: Magadh Sugar Submits Quarterly Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 05:30 PM

Magadh Sugar & Energy Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The certificate, issued by MUFG Intime India Private Limited (the Registrar and Share Transfer Agent), confirms that all securities received for dematerialization were processed within prescribed timelines. The process involved the verification, mutilation, and cancellation of physical certificates and the substitution of depository names in the register of members. This is a standard administrative filing required for all listed companies in India.

Quarterly compliance completed for the period ended June 30, 2026
Confirmation provided under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Certificate issued by MUFG Intime India Private Limited on July 1, 2026
Official filing submitted to exchanges on July 8, 2026

💡 No action is required as this is a routine regulatory filing. Investors should look forward to the upcoming Q1 FY27 financial results for operational and financial performance updates.

Magadh Sugar: CARE Reaffirms A+ Rating for Rs 826 Cr Long-Term Bank Facilities

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 08 Jul 2026, 05:19 PM

CARE Ratings has reaffirmed Magadh Sugar & Energy Limited's credit rating for bank facilities totaling Rs 828 crore. The long-term rating is maintained at 'CARE A+; Stable' for Rs 826 crore, while the short-term rating remains 'CARE A1' for Rs 2 crore. This reaffirmation indicates a stable credit profile, supported by the company's integration into distillery and cogeneration segments. The total rated facilities of Rs 828 crore are substantial relative to the company's reported net worth of Rs 880 crore.

CARE reaffirmed the Long Term Bank Facilities rating at 'CARE A+; Stable' for Rs 826.00 crore.
Short Term Bank Facilities of Rs 2.00 crore were reaffirmed at 'CARE A1'.
Total rated bank facilities of Rs 828.00 crore represent approximately 94% of the company's Rs 880 crore net worth.
The rating action follows the company's H1 FY25 performance where it recorded a recovery rate of 11.16%.

💡 Investors should monitor the company's debt levels (currently Rs 691 Cr) and recovery rates in upcoming quarterly results to ensure the 'Stable' outlook is maintained.

July 29, 2026: Magadh Sugar Schedules 12th AGM; Dividend Declaration on Agenda

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Jul 2026, 09:29 PM

Magadh Sugar & Energy Limited has convened its 12th Annual General Meeting (AGM) for July 29, 2026, to be held via video conferencing. The primary agenda includes the adoption of audited financial statements for FY26 and the formal declaration of an equity dividend. Shareholders will also vote on the appointment of Mr. Rajan Arvind Dalal as an Independent Director for a five-year term and the re-appointment of Mr. Pankaj Singh as a Whole-time Director. Additionally, the company seeks to ratify a cost auditor remuneration of ₹1.37 lakh for the 2026-27 fiscal year.

12th Annual General Meeting scheduled for July 29, 2026, at 11:00 AM IST.
Dividend declaration for the financial year ended March 31, 2026, is proposed for shareholder approval.
Appointment of Mr. Rajan Arvind Dalal as an Independent Director for a 5-year term until May 10, 2031.
Remuneration of ₹177.74 lakhs was drawn by Whole-time Director Mr. Pankaj Singh in FY26.
Proposed cost auditor remuneration of ₹1,37,500 for the financial year ending March 31, 2027.

💡 Investors should monitor the post-AGM results for the confirmed dividend amount and record date to determine yield and eligibility.

Magadh Sugar sets July 17 as Record Date for Final Dividend; 12th AGM on July 29

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 07 Jul 2026, 05:29 PM

Magadh Sugar & Energy Limited has announced its 12th Annual General Meeting (AGM) for July 29, 2026. The company has fixed July 17, 2026, as the record date for determining shareholder eligibility for the final dividend for FY 2025-26. Shareholders must ensure their KYC and bank details are updated to receive payments, as SEBI mandates electronic-only transfers for folios without updated details. The e-voting period for AGM resolutions is scheduled from July 25 to July 28, 2026.

12th Annual General Meeting scheduled for July 29, 2026, at 11:00 a.m. via video conference
Record date for final dividend eligibility is fixed as July 17, 2026
Cut-off date for e-voting eligibility is July 22, 2026
e-Voting window remains open from July 25 (9:00 a.m.) to July 28 (5:00 p.m.), 2026
Dividend payment to be processed within 30 days from the date of the AGM

💡 Investors should verify that their bank account and KYC details are updated with their Depository Participant or the RTA (MUFG Intime India) before the July 17 record date to ensure receipt of dividends.

Magadh Sugar: Trading Window Closure from July 01, 2026 for Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Jun 2026, 01:00 PM

Magadh Sugar & Energy Limited has announced the closure of its trading window for all designated persons starting July 01, 2026. This is a mandatory regulatory procedure under SEBI (Prohibition of Insider Trading) Regulations, 2015, preceding the announcement of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially declared. This filing is administrative and does not reflect any change in the company's business operations or financial health.

Trading window closure effective from July 01, 2026
Closure pertains to the financial results for the quarter ending June 30, 2026
Window to reopen 48 hours after the declaration of financial results
Restriction applies to all Designated Persons including immediate relatives

💡 No action is required from retail investors; watch for the upcoming board meeting notification to know the exact date of the Q1 FY27 earnings release.

Magadh Sugar Sets July 17 as Record Date for Rs 12.50 Dividend

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 22 Jun 2026, 05:31 PM

Magadh Sugar & Energy Limited has announced July 17, 2026, as the record date for its upcoming dividend payment. The company has proposed a dividend of Rs. 12.50 per equity share of face value Rs. 10 for the financial year 2025-26. This payout is subject to shareholder approval at the Annual General Meeting scheduled for July 29, 2026. Eligible shareholders whose names appear in the company's records on the record date will receive the payment.

Dividend declared at Rs. 12.50 per equity share of Rs. 10 face value.
Record date for eligibility determination is fixed as Friday, July 17, 2026.
The dividend pertains to the financial year 2025-26.
Final approval for the dividend will be sought at the AGM on July 29, 2026.

💡 Investors interested in the dividend should ensure they hold the shares before the ex-dividend date, which typically falls one trading day prior to the July 17 record date.

View All MAGADSUGAR Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue grew 20.6% YoY to INR 1,322.28 Cr in FY25. The Sugar segment's revenue contribution increased from 71% to 76% of total revenue, while the Distillery segment's share decreased from 22% to 19% due to government restrictions on sugar diversion for ethanol.

Geographic Revenue Split

100% of manufacturing operations are concentrated in Bihar, where the company operates three sugar mills with a combined crushing capacity of 21,500 TCD.

Profitability Margins

Net profit margin declined from 10.62% in FY24 to 8.28% in FY25. Profitability was impacted by higher raw material costs and government regulations affecting the distillery segment.

EBITDA Margin

EBITDA margin stood at 15.95% in FY25, a decrease from 19.47% in FY24, primarily due to industry-wide factors including lower grain-based ethanol profitability and higher cane costs.

Capital Expenditure

Total debt increased from INR 637 Cr in FY24 to INR 707 Cr in FY25 to support capacity enhancement and modernization projects. H1 FY26 investing activities utilized INR 40.44 Cr compared to INR 104.46 Cr in H1 FY25.

Credit Rating & Borrowing

The company maintains an A+ credit rating. Finance costs increased by 17.92% to INR 38.46 Cr in FY25, with an interest coverage ratio of 5.55x.

⚙️ Operational Drivers

Raw Materials

Sugarcane is the primary raw material, accounting for 64.13% of total revenue in FY25 (approximately INR 848 Cr).

Import Sources

Raw materials are sourced locally from major cane-growing regions in Bihar, specifically within a 30-kilometer radius of the company's mills.

Key Suppliers

The company procures sugarcane through long-term partnerships with approximately 88,500 individual cane farmers.

Capacity Expansion

Current installed capacity includes 21,500 TCD for sugar crushing, 155 KLPD for distilleries, and 38 MW for cogeneration. Recent debt-funded capex focused on modernization and capacity enhancement.

Raw Material Costs

Raw material costs represent 64.13% of revenue. Costs are influenced by the Fair and Remunerative Price (FRP) set by the government and local cane yield conditions.

Manufacturing Efficiency

The average net recovery rate was 10.2% over the last three years, with a specific recovery rate of 11.16% recorded in H1 FY25.

Logistics & Distribution

Logistics are optimized by locating mills within 30km of major cane-growing regions to ensure efficient transport and minimize yield loss.

📈 Strategic Growth

Expected Growth Rate

18%

Growth Strategy

Growth is driven by forward integration into high-margin distillery and cogeneration segments, capacity modernization to improve recovery rates, and leveraging the K.K. Birla Group's financial flexibility. The company aims for yearly cash accruals over INR 200 Cr through enhanced scale.

Products & Services

Refined sugar, Ethanol (B-Heavy and Grain-based), Spirits, and Cogenerated Power.

Brand Portfolio

Magadh Sugar & Energy Limited (part of the K.K. Birla Group).

New Products/Services

Expansion into grain-based ethanol production to supplement molasses-based distillery operations.

Market Expansion

Focus on Bihar-based operations with modernization of existing mills to improve operational metrics and throughput.

Strategic Alliances

Part of the K.K. Birla Group of sugar companies, providing access to group-level financial support and industry expertise.

🌍 External Factors

Industry Trends

The industry is shifting toward ethanol blending (E20 mandate), though currently restricted by sugar diversion caps. Future growth depends on regulatory support for ethanol pricing and export quotas.

Competitive Landscape

Faces competition from alternative sweeteners like khandsari and gur, as well as other integrated sugar players in the Bihar region.

Competitive Moat

The moat is built on integrated operations (Sugar-Ethanol-Power) which provides diversified revenue streams and the patronage of the K.K. Birla Group, ensuring financial resilience during cyclical downturns.

Macro Economic Sensitivity

Highly sensitive to the Wholesale Price Index (WPI) and inflation, as sugar is an essential commodity with government-controlled pricing.

Consumer Behavior

Rising consumer preference for natural and organic products is driving demand for high-quality refined sugar.

Geopolitical Risks

Vulnerable to changes in export-import policies and global sugar price volatility which affects domestic supply-demand balance.

⚖️ Regulatory & Governance

Industry Regulations

Operations are heavily regulated by the Essential Commodities Act, Fair and Remunerative Price (FRP) for cane, and government-mandated ethanol blending prices and diversion limits.

Environmental Compliance

Focuses on environmental stewardship and minimizing ecological footprints through sustainable cogeneration and waste management.

⚠️ Risk Analysis

Key Uncertainties

Agro-climatic risks (monsoon trends) and government policy shifts regarding ethanol diversion are the primary uncertainties, with potential to impact margins by over 5%.