Sakthi Sugars Limited (SAKHTISUG)
₹18.63 +0.76% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sakthi Sugars' revenue was ₹377 Cr (+24.8% year on year, +24.8% on the previous quarter), and net profit ₹-1.8 Cr (a bigger loss than a year earlier); the operating margin was 7.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹377 | +24.8% | +24.8% |
| Operating profit | ₹26.7 | -7.9% | -61.9% |
| Net profit | ₹-1.8 | loss widened | to loss |
| EPS (₹) | -0.15 | loss widened | to loss |
| Operating margin | 7.1% | — | — |
SAKHTISUG delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 41.41% of the SAKHTISUG shares traded on NSE were taken to delivery, against the stock's own 20-session average of 52.23%. That is lower than usual for this stock. Turnover was only ₹17 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 52.2% · 49.6% · 39.2% · 61.4% · 41.4%
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
Sakthi Sugars 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 from RTA MUFG Intime India confirms that all share certificates received for dematerialisation during the period were processed, confirmed or rejected, and cancelled within prescribed timelines. The report is a standard regulatory compliance filing with no impact on business operations or financials.
- Regulation 74(5) compliance submitted for the quarter ended September 30, 2026
- Issued based on confirmation from RTA MUFG Intime India Private Limited dated October 3, 2026
- Filing made to stock exchanges on October 7, 2026
Sakthi Sugars Limited announced the voting results of its 64th Annual General Meeting held on September 25, 2026. Shareholders approved all seven resolutions with over 99.9% majority votes cast in favor. Key approvals include the adoption of FY26 financial statements and the re-appointment of Managing Director Sri M. Balasubramaniam and Joint Managing Director Sri M. Srinivaasan for a further period of five years. Additionally, charitable contribution limits of up to Rs. 20 Lakhs for FY28 were approved.
- All 7 resolutions passed with at least 99.96% votes in favor
- Approval of FY26 audited financial statements with 7,14,96,663 votes in favor (99.97%)
- Re-appointment of MD Sri M. Balasubramaniam for a 5-year term approved with 99.97% support
- Re-appointment of Joint MD Sri M. Srinivaasan for a 5-year term approved with 99.97% support
- Sanctioned charitable donations up to Rs. 20 Lakhs for FY 2027-28
Sakthi Sugars Limited concluded its 64th Annual General Meeting (AGM) held on September 25, 2026, via video conferencing. A total of 62 members representing 7,10,24,499 equity shares attended the proceedings. Key ordinary and special business items considered included the adoption of FY26 financial statements, the reappointment of Sri M. Balasubramaniam as Managing Director for 5 years without remuneration, and the reappointment of Sri M. Srinivaasan as Joint Managing Director for 5 years without remuneration. Voting results will be declared separately following the Scrutinizer's report.
- 62 members representing 7,10,24,499 equity shares attended the 64th AGM on September 25, 2026
- Special resolution presented for reappointment of Sri M. Balasubramaniam as MD for 5 years without remuneration
- Ordinary resolution presented for reappointment of Sri M. Srinivaasan as Joint MD for 5 years without remuneration
- Appointment of Sri S. Chandrasekhar as Non-Executive Non-Independent Director effective August 13, 2026 considered
Sakthi Sugars Limited has announced that its 64th Annual General Meeting (AGM) will be held on Friday, September 25, 2026, at 12:30 PM IST via Video Conferencing. Pursuant to SEBI regulations, the company has dispatched web-link details for the FY 2025-26 Annual Report to shareholders without registered email addresses as of the cut-off date of August 21, 2026. The communication also reminds physical shareholders to update KYC and nomination details per SEBI mandates.
- 64th Annual General Meeting scheduled for September 25, 2026 at 12:30 PM IST via VC/OAVM
- Cut-off date for dispatching communication to unregistered email holders was August 21, 2026
- Annual report published for Financial Year 2025-26 via company web portal
- Mandatory reminder issued for physical security holders to complete KYC/nomination documentation
Sakthi Sugars Limited has issued the notice for its 64th Annual General Meeting (AGM) scheduled for September 25, 2026, via video conferencing. Key ordinary and special resolutions include the adoption of FY26 audited accounts and the re-appointment of Managing Director Sri M. Balasubramaniam and Joint Managing Director Sri M. Srinivaasan for a 5-year term without remuneration starting August 27, 2026. Additionally, the company seeks member approval for cost auditor remuneration of Rs 4.50 lakhs and charitable donations of up to Rs 20 lakhs for FY28. Historical performance disclosures show 15,55,213 tonnes of sugarcane crushed with a recovery rate of 7.91% in FY26.
- 64th Annual General Meeting scheduled for September 25, 2026 at 12:30 PM via VC/OAVM
- Proposed 5-year re-appointment of MD Sri M. Balasubramaniam and JMD Sri M. Srinivaasan (Aug 27, 2026 to Aug 26, 2031) without remuneration
- Ratification of Rs 4.50 lakhs remuneration for Cost Auditors (M/s. STR & Associates) for FY27
- Approval sought for charitable contributions up to Rs 20 lakhs for FY 2027-28
- FY26 operating metrics reported 15.55 lakh tonnes crushed and 1.23 lakh tonnes of sugar produced at 7.91% recovery
Sakthi Sugars reported a 24.6% YoY increase in revenue to ₹376.91 Cr for the quarter ended June 30, 2026, though it remained loss-making with a net loss of ₹1.83 Cr. A significant governance development is the re-appointment of the Managing Director and Joint Managing Director for five-year terms (2026-2031) without any remuneration, likely to conserve cash. The company continues to face high interest burdens, with finance costs of ₹16.62 Cr for the quarter. The 64th Annual General Meeting is scheduled for September 25, 2026.
- Revenue from operations grew to ₹376.91 Cr in Q1 FY27 from ₹302.42 Cr in Q1 FY26.
- Net loss widened to ₹1.83 Cr for the quarter compared to a loss of ₹1.10 Cr in the previous year's corresponding quarter.
- Managing Director M. Balasubramaniam and JMD M. Srinivaasan re-appointed for 5 years with zero remuneration.
- Finance costs stood at ₹16.62 Cr, representing 4.4% of total quarterly income.
- 64th Annual General Meeting (AGM) convened for September 25, 2026.
Sakthi Sugars reported a 24.6% YoY increase in standalone revenue to ₹376.91 Cr for Q1 FY27, though net losses widened to ₹1.83 Cr from ₹1.10 Cr in the year-ago period. A notable governance highlight is the re-appointment of both the Managing Director and Joint Managing Director for five-year terms (2026-2031) with zero remuneration, signaling promoter commitment amidst financial stress. Finance costs remain a significant burden at ₹16.62 Cr for the quarter, reflecting the company's high debt of ₹720 Cr. The company also appointed a new in-house head of Internal Audit and Cost Auditors for FY27.
- Revenue from operations increased to ₹376.91 Cr in Q1 FY27 from ₹302.42 Cr in Q1 FY26.
- Net loss for the quarter stood at ₹1.83 Cr, widening from a loss of ₹1.10 Cr YoY.
- MD M. Balasubramaniam and JMD M. Srinivaasan re-appointed for 5 years without any remuneration.
- Finance costs for the quarter were ₹16.62 Cr, representing 4.4% of quarterly revenue.
- 64th Annual General Meeting (AGM) scheduled for September 25, 2026.
Sakthi Sugars reported a 24.6% YoY increase in Q1 FY27 revenue to ₹376.91 Cr, though it remains loss-making with a net loss of ₹1.83 Cr. A significant management update is the re-appointment of both the Managing Director and Joint Managing Director for five-year terms (2026-2031) without any remuneration. The company continues to struggle with high finance costs of ₹16.62 Cr, which consume a large portion of operating profits. The board also appointed a new head of Internal Audit following a senior-level retirement.
- Revenue from operations increased to ₹376.91 Cr in Q1 FY27 from ₹302.42 Cr in Q1 FY26.
- MD M. Balasubramaniam and JMD M. Srinivaasan re-appointed for 5 years without remuneration.
- Finance costs stood at ₹16.62 Cr for the quarter, impacting the bottom line significantly.
- Net loss widened slightly to ₹1.83 Cr for the quarter ended June 2026 vs ₹1.10 Cr YoY.
- Smt. R. Jeysree appointed to head Internal Audit effective August 13, 2026.
Sakthi Sugars reported a 24.6% YoY increase in Q1 FY27 revenue to ₹376.91 Cr, though it remains net loss-making at ₹1.83 Cr. A significant governance highlight is the re-appointment of the Managing Director and Joint Managing Director for 5-year terms (2026-2031) without any remuneration. Finance costs continue to weigh heavily on the bottom line, totaling ₹16.62 Cr for the quarter against a thin operating profit. The company also transitioned its Internal Audit leadership following a senior-level retirement.
- Q1 Revenue from operations increased 24.6% YoY to ₹376.91 Cr from ₹302.42 Cr.
- Managing Director and Joint Managing Director re-appointed for 5 years starting August 27, 2026, with zero remuneration.
- Net loss for the quarter stood at ₹1.83 Cr compared to a loss of ₹1.10 Cr in the same period last year.
- Finance costs remained high at ₹16.62 Cr, consuming a significant portion of operating earnings.
- Smt. R. Jeysree appointed as Head of Internal Audit effective August 13, 2026, following the retirement of the previous SVP.
Sakthi Sugars reported a 24.6% YoY increase in Q1 FY27 revenue to ₹376.91 Cr, up from ₹302.42 Cr. Despite the top-line growth, the company recorded a net loss of ₹1.83 Cr, slightly wider than the ₹1.10 Cr loss in the year-ago period, weighed down by ₹16.62 Cr in finance costs. A significant governance update is the re-appointment of the Managing Director and Joint Managing Director for five-year terms (2026-2031) with zero remuneration, reflecting the company's stressed financial state. The company also appointed a new head of Internal Audit following a senior-level retirement.
- Revenue from operations grew to ₹376.91 Cr in Q1 FY27 from ₹302.42 Cr in Q1 FY26.
- Net loss for the quarter stood at ₹1.83 Cr, compared to a loss of ₹1.10 Cr in the same period last year.
- MD M. Balasubramaniam and JMD M. Srinivaasan re-appointed for 5 years (Aug 2026 - Aug 2031) without remuneration.
- Finance costs remained high at ₹16.62 Cr, consuming a large portion of operating earnings.
- Smt. R. Jeysree appointed to head the Internal Audit department effective August 13, 2026.
Sakthi Sugars reported a 24.6% YoY increase in revenue to ₹376.91 Cr for the quarter ended June 30, 2026. Despite the top-line growth, the company recorded a net loss of ₹1.83 Cr, widening from a ₹1.10 Cr loss in the previous year's corresponding quarter, largely due to high finance costs of ₹24.15 Cr. In a notable move, the Managing Director and Joint Managing Director have been re-appointed for five-year terms starting August 27, 2026, with zero remuneration. The company also appointed a new head of internal audit following a senior-level retirement.
- Revenue from operations increased to ₹376.91 Cr in Q1 FY27 from ₹302.42 Cr in Q1 FY26.
- Net loss for the quarter stood at ₹1.83 Cr, compared to a loss of ₹1.10 Cr in the same period last year.
- Finance costs remained a significant burden at ₹24.15 Cr, consuming approximately 6.4% of total revenue.
- MD Sri.M.Balasubramaniam and JMD Sri.M.Srinivaasan re-appointed for 5 years (2026-2031) without remuneration.
- Smt.R.Jeysree appointed to head the Internal Audit Department effective August 13, 2026.
Sakthi Sugars reported a 24.6% YoY increase in revenue to ₹376.91 Cr for the quarter ended June 2026. Despite the top-line growth, the company's net loss widened to ₹1.83 Cr compared to a loss of ₹1.10 Cr in the same period last year. High finance costs of ₹16.62 Cr continue to be a major drag on profitability, nearly offsetting the operating gains. Notably, the Managing Director and Joint Managing Director have been re-appointed for five-year terms with zero remuneration, highlighting the company's ongoing financial constraints.
- Revenue from operations increased to ₹376.91 Cr in Q1 FY27 from ₹302.42 Cr in Q1 FY26.
- Net loss for the quarter widened to ₹1.83 Cr from ₹1.10 Cr YoY.
- Finance costs remained elevated at ₹16.62 Cr, representing 4.4% of quarterly revenue.
- MD M. Balasubramaniam and JMD M. Srinivaasan re-appointed for 5 years (2026-2031) without remuneration.
- Total debt remains high at ₹720 Cr, which is nearly 6x the current market capitalization of ₹121 Cr.
Sakthi Sugars reported a 24.6% YoY increase in revenue to ₹376.91 Cr for Q1 FY27, yet net loss widened to ₹1.83 Cr from ₹1.10 Cr in the year-ago period. Finance costs remain a significant drag at ₹16.62 Cr, consuming a large portion of operating margins. Notably, the Board re-appointed the Managing Director and Joint Managing Director for five-year terms starting August 2026 without any remuneration, reflecting the company's tight financial position. The company remains highly leveraged with a debt-to-equity ratio of 3.16.
- Revenue from operations increased to ₹376.91 Cr in Q1 FY27 from ₹302.42 Cr in Q1 FY26
- Net loss for the quarter widened to ₹1.83 Cr compared to a loss of ₹1.10 Cr in the same period last year
- Finance costs rose to ₹16.62 Cr, representing approximately 4.4% of quarterly revenue
- MD M. Balasubramaniam and JMD M. Srinivaasan re-appointed for 5 years without remuneration
- Total expenses for the quarter reached ₹383.79 Cr, exceeding total income of ₹381.38 Cr
Sakthi Sugars Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document confirms that for the quarter ended June 30, 2026, all securities received for dematerialization were processed by the Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited. The physical certificates were mutilated and cancelled, and the depositories' names were updated in the records within prescribed timelines. This is a standard administrative filing required for all listed entities in India.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar and Transfer Agent (RTA) confirmed as MUFG Intime India Private Limited
- Securities received for dematerialization were confirmed/rejected and certificates mutilated within prescribed timelines
- Confirmation that dematerialized securities are listed on the BSE and NSE
Sakthi Sugars Limited has announced the retirement of Sri. P. Sankararaja Pandian, Senior Vice President – Taxation & Internal Audit. The cessation is effective from the close of business hours on June 30, 2026. This is a routine administrative transition of a senior management personnel (SMP). Given the company's high debt of ₹720 Cr and negative TTM PAT of ₹-20 Cr, the internal audit function remains a key area for financial oversight.
- Retirement of Sri. P. Sankararaja Pandian as Senior Vice President – Taxation & Internal Audit
- Effective date of cessation set for June 30, 2026
- Company operates with a high debt-to-equity ratio of 3.16 based on ₹720 Cr debt
- TTM Revenue stands at ₹828 Cr with a negative PAT of ₹20 Cr
Financial Performance
Revenue Growth by Segment
Total revenue from operations decreased by 13.16% YoY to INR 928.54 Cr in FY25 from INR 1,069.28 Cr in FY24. For the quarter ended September 30, 2025, segment revenues were: Sugar at INR 150.56 Cr, Industrial Alcohol at INR 49.15 Cr, and Power at INR 33.02 Cr.
Geographic Revenue Split
Not disclosed in available documents, though operations are primarily centered in Tamil Nadu (Erode and Coimbatore districts).
Profitability Margins
Net Profit Margin for FY25 was 8.61% (INR 79.97 Cr profit on INR 928.54 Cr revenue), a decline from 12.11% in FY24. Profit before exceptional items and tax was thin at INR 4.85 Cr in FY25.
EBITDA Margin
EBITDA margin for FY25 was approximately 20.38% (calculated as PBT of INR 46.94 Cr + Finance Costs of INR 105.24 Cr + Depreciation of INR 37.10 Cr = INR 189.28 Cr EBITDA). This represents a significant core operational profitability despite high interest burdens.
Capital Expenditure
Historical CAPEX for FY25 was INR 14.81 Cr, compared to INR 12.50 Cr in FY24, representing an 18.48% increase in asset investment.
Credit Rating & Borrowing
Total borrowings as of March 31, 2025, stood at INR 783.21 Cr (INR 671.63 Cr non-current and INR 111.59 Cr current). Finance costs were INR 105.24 Cr, implying an average borrowing cost of approximately 13.44%.
Operational Drivers
Raw Materials
Sugarcane (primary for sugar and alcohol) and Soya beans (for soya products). Sugarcane costs are reflected in the 'Cost of material consumed' which was INR 513.29 Cr in FY25, representing 55.28% of total revenue.
Import Sources
Primarily sourced locally from farmers in Tamil Nadu and surrounding regions to ensure freshness for crushing.
Key Suppliers
Local farming communities and sugarcane growers; specific corporate supplier names are not disclosed.
Capacity Expansion
Not disclosed in available documents; however, the company operates integrated plants for Sugar, Industrial Alcohol, and Power.
Raw Material Costs
Raw material costs decreased by 27.98% YoY to INR 513.29 Cr in FY25, down from INR 712.67 Cr in FY24, primarily due to lower crushing volumes or procurement prices.
Manufacturing Efficiency
Not explicitly disclosed, but depreciation of INR 37.10 Cr suggests a stable, aging asset base requiring consistent maintenance.
Logistics & Distribution
Other expenses, which include distribution, were INR 229.91 Cr in FY25, representing 24.76% of revenue.
Strategic Growth
Growth Strategy
The company is focusing on the recovery of long-standing receivables (where recovery is 'reasonably assured' per management) and optimizing its integrated business model (Sugar-Distillery-Power). Strategic focus includes ethanol production for the fuel blending market and interest liability remissions through settlements.
Products & Services
White Crystal Sugar, Industrial Alcohol (Ethanol), Cogenerated Power, and Soya Products (Soya meal, Soya oil).
Brand Portfolio
Sakthi Sugars.
Strategic Alliances
The company has provided securities and guarantees for loans availed by related parties, indicating close financial ties within the Sakthi Group.
External Factors
Industry Trends
The industry is shifting toward 'Sugar-to-Ethanol' diversion to manage surplus sugar stock and improve cash flows through oil marketing company (OMC) contracts.
Competitive Landscape
Competes with other large integrated sugar players in South India like EID Parry and Bannari Amman Sugars.
Competitive Moat
The primary moat is the integrated nature of the Sakthinagar facility, which allows for zero-waste processing where molasses is used for alcohol and bagasse for power. This provides a cost advantage over standalone sugar mills.
Macro Economic Sensitivity
Highly sensitive to agricultural output (GDP) and government policies regarding sugar export quotas and ethanol blending targets.
Consumer Behavior
Increasing demand for ethanol and renewable power; stable demand for sugar as a staple commodity.
Geopolitical Risks
Low direct impact, but global sugar price fluctuations affect domestic export viability.
Regulatory & Governance
Industry Regulations
Subject to the Essential Commodities Act, Sugar Control Order, and state-specific sugarcane pricing (SAP) and pollution control norms for distilleries.
Taxation Policy Impact
The company had a deferred tax credit of INR 32.78 Cr in FY25, significantly impacting the final net profit figure.
Legal Contingencies
The company faces pending litigations disclosed in Note 41A. A critical governance issue is the auditor's qualification regarding the inability to determine Expected Credit Loss (ECL) on certain receivables, which could materially impact accumulated losses if written off.
Risk Analysis
Key Uncertainties
The primary uncertainty is the recoverability of receivables and the discrepancy in working capital statements filed with banks (limits > INR 5 Cr), which could affect future credit availability.
Geographic Concentration Risk
High concentration in Tamil Nadu, making the company vulnerable to state-specific agricultural policies and local weather patterns.
Third Party Dependencies
High dependency on local sugarcane farmers; any shift in crop preference (e.g., to paddy or turmeric) would reduce crushing volumes.
Technology Obsolescence Risk
Low risk in core sugar processing, but requires investment in distillery technology to meet higher ethanol purity standards.
Credit & Counterparty Risk
Significant risk identified by auditors regarding receivables; management maintains that recovery is assured, but lack of ECL provision remains a qualified audit point.
