Madhur Sugar

Belgaum, India Founded: 2007 • Age: 19 yrs Listed
Manufactures sugar and provides private label branding services.

About Madhur Sugar

Madhur Sugar is a publicly listed company based in Belgaum (India) founded in 2007. It manufactures sugar and provides private label branding services. It operates on a B2B model. The company has 2,452 employees. Its Indian entity Shree Renuka Sugars Limited reported revenue of β‚Ή9,305 Cr. Its focus areas include Manufacturing, Food and Beverage, Sugar Production and Private Labeling. Its competitors include Pushp, Keya Foods and Food Service; 3 of its 3 listed competitors have raised funding.

Company details

Madhur Sugar, established in 2007, excels in producing manufactured goods, food and beverage, sugar production, and private labeling. Manufactures sugar and provides private label branding services. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.

Key Metrics
  • Market Cap
    ₹3,963 Cr

    RENUKA · NSE

  • Share Price
    ₹18.19

    -2.31% today

  • Revenue
    ₹9,169 Cr

    FY 2025-26 · -16.0% YoY

  • EBITDA
    ₹19.25 Cr

    Margin 0.2%

  • Net Profit
    −₹789 Cr

    FY 2025-26 · -165.5% YoY

  • Employee Count
    2,452

Board of directors of Shree Renuka Sugars Limited (Madhur Sugar)

Shree Renuka Sugars Limited is the primary company behind Madhur Sugar. The board of Shree Renuka Sugars Limited currently have 15 directors; the longest-serving is Vijendra Singh, appointed in 2011. 24 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vijendra Singh
DIN 03537522
Whole-time director10 May 201115 yrs 5 moShree Renuka Sugars Limited
Jean Luc Robert Bohbot
DIN 06857132
Director24 Jun 201511 yrs 4 moShree Renuka Sugars Limited
Atul Chaturvedi
DIN 00175355
Whole-time director24 Jun 201511 yrs 4 moShree Renuka Sugars Limited
Madhu Ramachandra Rao
DIN 02683483
Director27 Jun 20188 yrs 4 moShree Renuka Sugars Limited
Priyanka Ashit Mallick
DIN 06682955
Director08 Feb 20197 yrs 8 moShree Renuka Sugars Limited
Khoon Hong Kuok
DIN 00021957
Director25 Oct 20197 yrsShree Renuka Sugars Limited
Loo Cheau Leong
DIN 08737827
Director01 Jun 20206 yrs 5 moShree Renuka Sugars Limited
Ravi Gupta
DIN 00133106
Director28 Oct 20215 yrsShree Renuka Sugars Limited
Arun Chandra Verma
DIN 06981070
Director01 Apr 20224 yrs 7 moShree Renuka Sugars Limited
Tinniyan Kalyansundaram Kanan
DIN 00020968
Alternate Director19 May 20224 yrs 5 moShree Renuka Sugars Limited
Seetharaman Sridharan
DIN 01773791
Director09 Aug 20224 yrs 2 moShree Renuka Sugars Limited
Siraj Hussain
DIN 05346215
Director09 Aug 20224 yrs 2 moShree Renuka Sugars Limited
Dorab Erach Mistry
DIN 07245114
Director01 Nov 20251 yrShree Renuka Sugars Limited
Vishesh Tilak Kathuria
DIN 08477542
Alternate Director03 Mar 20268 moShree Renuka Sugars Limited
Susheel Kumar Dharampal Kamboj
DIN 09531602
Managing Director01 Apr 20267 moShree Renuka Sugars Limited

IPO & Listings of Madhur Sugar

Madhur Sugar is a publicly listed company on the NSE with ticker symbol RENUKA in India, operating in the Sugar sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: RENUKA
  • Listed entityShree Renuka Sugars Limited
  • Exchange sectorSugar

Financials of Madhur Sugar

Exchange-reported figures of Shree Renuka Sugars Limited, the listed company behind Madhur Sugar (NSE: RENUKA).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹9,169 Cr
-16.0% YoY
EBITDA
₹19.25 Cr
-96.8% YoY
Profit After Tax
−₹789 Cr
-165.5% YoY
Net Worth
−₹2,677 Cr
-59.7% YoY
Total Assets
₹4,535 Cr
+6.6% YoY
Total Debt
₹7,174 Cr
+21.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue9,16910,91411,3289,0216,4335,6494,881
Revenue growth-16.0%-3.7%+25.6%+40.2%+13.9%+15.7%-
EBITDA19.2560168356439334519.52
EBITDA margin+0.2%+5.5%+6.0%+6.3%+6.1%+6.1%+0.4%
Profit before tax(872)(363)(462)(180)(139)51.772,161
Net profit(789)(297)(625)(173)(130)(188)1,872
Net profit margin-8.6%-2.7%-5.5%-1.9%-2.0%-3.3%+38.4%
EPS (β‚Ή)(3.72)(1.41)(2.95)(0.93)(0.65)(0.54)10.95
Balance sheet
Total assets4,5354,2554,4074,7564,6833,8262,247
Net worth(2,677)(1,676)(1,438)(881)(608)(663)(598)
Total debt7,1745,8895,7945,5695,2344,4472,808
Cash & bank60.5079.0053.5618575.9586.5574.97
Net working capital390(160)(24.73)349442(77.24)(2,025)
Cash flow
Cash from operations(122)950913926(134)(1,564)561
Cash from investing(263)(216)(373)(450)(337)(108)138
Cash from financing367(710)(669)(332)4541,641(665)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,1202,5482,2732,4232,0102,6912,6032,566
Revenue growth (YoY)+5.5%-5.3%-12.7%-5.6%-34.2%---
Other income11.1062.2026.8037.509.9061.3032.0012.00
EBITDA(76.30)38.70249(182)(86.10)292(1.50)227
EBITDA margin-3.6%+1.5%+11.7%-7.3%-4.3%+10.8%-0.1%+9.6%
Depreciation68.7072.9073.6073.0072.3070.3070.3069.90
Interest182181178184193192194211
Profit before tax(316)(153)23.60(401)(341)90.90(234)(41.20)
Tax(64.40)(31.80)61.70(32.00)(77.80)(2.20)(30.50)(18.10)
Net profit(252)(121)(38.10)(369)(264)93.10(204)(23.10)
EPS (β‚Ή)(1.18)(0.57)(0.18)(1.73)(1.24)0.43(0.96)(0.10)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue8,52210,27910,8418,5786,1265,5434,568
Revenue growth-17.1%-5.2%+26.4%+40.0%+10.5%+21.4%-
EBITDA(4.33)538629540363378(29.35)
EBITDA margin-0.1%+5.2%+5.8%+6.3%+5.9%+6.8%-0.6%
Profit before tax(780)(304)(394)(123)121215(340)
Net profit(698)(255)(559)(134)(130)16.91(666)
Net profit margin-8.2%-2.5%-5.2%-1.6%-2.1%+0.3%-14.6%
EPS (β‚Ή)(3.28)(1.20)(2.63)(0.64)0.530.26(2.88)
Balance sheet
Total assets4,3764,1374,3514,8024,7524,0592,107
Net worth(1,245)(390)(146)413547216164
Total debt5,5904,4934,4534,3264,1503,8011,907
Cash & bank40.8961.0239.7882.4728.9062.2038.69
Net working capital181(407)(284)30041153.09(2,265)
Cash flow
Cash from operations(172)9431,114857206(1,532)819
Cash from investing(25.93)(87.28)(554)(345)(249)(158)(146)
Cash from financing181(839)(601)(453)31.611,677(658)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,9702,2702,1122,3231,9032,5202,4282,440
Revenue growth (YoY)+3.5%-10.0%-13.0%-4.8%-34.2%---
Other income14.5065.2031.0043.2014.2064.3036.1017.80
Total expenses2,0422,2821,8772,4841,9702,2822,4482,201
EBITDA(72.40)(12.10)235(160)(66.90)239(20.00)239
EBITDA margin-3.7%-0.5%+12.0%-6.7%-3.5%+9.4%-0.9%+10.7%
Depreciation63.4067.9069.3068.8068.0066.2066.2065.60
Interest160161159163172171174188
Profit before tax(281)(175)37.50(350)(293)65.90(224)3.40
Tax(65.40)(34.20)61.30(30.70)(77.70)11.50(29.00)(16.90)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,1202,5482,2732,4232,0102,6912,6032,566
Revenue growth (YoY)+5.5%-5.3%-12.7%-5.6%-34.2%---
Other income11.1062.2026.8037.509.9061.3032.0012.00
EBITDA(76.30)38.70249(182)(86.10)292(1.50)227
EBITDA margin-3.6%+1.5%+11.7%-7.3%-4.3%+10.8%-0.1%+9.6%
Depreciation68.7072.9073.6073.0072.3070.3070.3069.90
Interest182181178184193192194211
Profit before tax(316)(153)23.60(401)(341)90.90(234)(41.20)
Tax(64.40)(31.80)61.70(32.00)(77.80)(2.20)(30.50)(18.10)
Net profit(252)(121)(38.10)(369)(264)93.10(204)(23.10)
EPS (β‚Ή)(1.18)(0.57)(0.18)(1.73)(1.24)0.43(0.96)(0.10)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue9,16910,91411,3289,0216,4335,6494,881
Revenue growth-16.0%-3.7%+25.6%+40.2%+13.9%+15.7%-
Other income13612739.8085.7969.012992,864
Total expenses9,15010,31310,6458,4576,0405,3034,862
Employee cost229216188167142125121
EBITDA19.2560168356439334519.52
EBITDA margin+0.2%+5.5%+6.0%+6.3%+6.1%+6.1%+0.4%
Depreciation292280266238208209211
Interest736811918591393384511
Profit before tax(872)(363)(462)(180)(139)51.772,161
Tax(79.93)(62.75)16517.10(1.85)168212
Net profit(789)(297)(625)(173)(130)(188)1,872
Net profit margin-8.6%-2.7%-5.5%-1.9%-2.0%-3.3%+38.4%
EPS (β‚Ή)(3.72)(1.41)(2.95)(0.93)(0.65)(0.54)10.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital213213213213213213476
Reserves & surplus(2,890)(1,888)(1,651)(1,094)(821)(875)(1,074)
Shareholders' funds (net worth)(2,677)(1,676)(1,438)(881)(608)(663)(598)
Minority interest0.080.410.520.570.27(1.55)0.20
Secured loans1,5524452,7662,6403,5343,0292,808
Unsecured loans5,6225,4443,0282,9291,7001,4180.00
Total debt7,1745,8895,7945,5695,2344,4472,808
Total liabilities4,5354,2554,4074,7564,6833,8262,247
Assets
Gross block5,4935,3465,1524,6264,1096,0605,169
Net block4,0624,4934,5614,2964,0043,7763,886
Capital work in progress24.3021.3550.411142177.34142
Investments50.0040.2534.2942.3843.2560.1118.52
Inventories2,6033,4694,4772,2792,0732,4421,679
Sundry debtors280449618207290154133
Cash & bank balances60.5079.0053.5618575.9586.5574.97
Loans & advances256183277385296308511
Total current assets3,1994,1805,4253,0562,7342,9902,398
Total current liabilities2,8104,3405,4502,7072,2923,0684,423
Net working capital390(160)(24.73)349442(77.24)(2,025)
Total assets4,5354,2554,4074,7564,6833,8262,247
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash62.6837.8716722.2338.6370.5136.31
Net cash from operating activities(122)950913926(134)(1,564)561
Net cash from investing activities(263)(216)(373)(450)(337)(108)138
Net cash from financing activities367(710)(669)(332)4541,641(665)
Net change in cash(16.88)24.80(129)145(16.39)(31.88)34.20
Closing cash60.5079.0053.5618575.9586.5574.97
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-16.0%-3.7%+25.6%+40.2%+13.9%+15.7%-
EBITDA growth-96.8%-11.9%+21.1%+43.5%+13.7%+1669.8%-
PBT growth-140.6%+21.5%-157.2%-29.6%--97.6%+9998.0%
Net income growth-165.5%+52.5%-261.5%-32.6%+30.7%-110.1%-
Revenue CAGR (3Y)+0.5%+19.3%+26.1%+22.7%+12.6%-3.3%-25.6%
EBITDA CAGR (3Y)-67.6%+15.2%+25.5%+206.8%---62.5%
Profitability & leverage
Net income margin-8.6%-2.8%-5.5%-2.2%-2.1%-2.1%+39.9%
Return on capital employed0.0%0.0%0.0%0.0%0.0%0.0%+94.7%
Return on net worth0.0%0.0%0.0%0.0%0.0%0.0%-355.4%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-270.14252.04220.48181.38212.19280.51-267.32
Efficiency & per share
Fixed asset turnover1.982.552.952.791.601.231.15
Inventory turnover3.022.753.354.152.852.742.86
Debtors turnover25.1420.4527.4736.3428.9939.3323.34
EPS (β‚Ή)(3.72)(1.41)(2.95)(0.93)(0.65)(0.54)10.95
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)(15.62)(12.23)(11.49)(9.26)(8.34)(7.62)(10.29)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,9702,2702,1122,3231,9032,5202,4282,440
Revenue growth (YoY)+3.5%-10.0%-13.0%-4.8%-34.2%---
Other income14.5065.2031.0043.2014.2064.3036.1017.80
Total expenses2,0422,2821,8772,4841,9702,2822,4482,201
EBITDA(72.40)(12.10)235(160)(66.90)239(20.00)239
EBITDA margin-3.7%-0.5%+12.0%-6.7%-3.5%+9.4%-0.9%+10.7%
Depreciation63.4067.9069.3068.8068.0066.2066.2065.60
Interest160161159163172171174188
Profit before tax(281)(175)37.50(350)(293)65.90(224)3.40
Tax(65.40)(34.20)61.30(30.70)(77.70)11.50(29.00)(16.90)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8,52210,27910,8418,5786,1265,5434,568
Revenue growth-17.1%-5.2%+26.4%+40.0%+10.5%+21.4%-
Other income15414556.77108335407378
Total expenses8,5269,74210,2128,0385,7635,1654,597
Employee cost196186161147127113108
EBITDA(4.33)538629540363378(29.35)
EBITDA margin-0.1%+5.2%+5.8%+6.3%+5.9%+6.8%-0.6%
Depreciation274263252229201201203
Interest655723828541376369486
Profit before tax(780)(304)(394)(123)121215(340)
Tax(81.28)(47.76)16613.028.39160212
Net profit(698)(255)(559)(134)(130)16.91(666)
Net profit margin-8.2%-2.5%-5.2%-1.6%-2.1%+0.3%-14.6%
EPS (β‚Ή)(3.28)(1.20)(2.63)(0.64)0.530.26(2.88)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital213213213213213213476
Reserves & surplus(1,458)(603)(359)2003342.76(312)
Shareholders' funds (net worth)(1,245)(390)(146)413547216164
Secured loans1,3683333,6863,7043,6733,5101,907
Unsecured loans4,2224,1607676224772910.00
Total debt5,5904,4934,4534,3264,1503,8011,907
Total liabilities4,3764,1374,3514,8024,7524,0592,107
Assets
Gross block4,9364,8814,6854,4573,9015,1044,893
Net block3,5764,0854,1424,1623,8223,6053,695
Capital work in progress24.4012.2058.841152399.16152
Investments447440445119120138104
Inventories2,3393,2424,1862,2371,9992,3541,654
Sundry debtors263394548205302288153
Cash & bank balances40.8961.0239.7882.4728.9062.2038.69
Loans & advances239170242333283329264
Total current assets2,8833,8675,0162,8572,6133,0342,110
Total current liabilities2,7024,2745,3002,5572,2012,9814,375
Net working capital181(407)(284)30041153.09(2,265)
Total assets4,3764,1374,3514,8024,7524,0592,107
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash46.5829.5070.1511.3922.1634.9920.20
Net cash from operating activities(172)9431,114857206(1,532)819
Net cash from investing activities(25.93)(87.28)(554)(345)(249)(158)(146)
Net cash from financing activities181(839)(601)(453)31.611,677(658)
Net change in cash(16.89)17.08(40.66)58.77(10.78)(12.83)14.79
Closing cash40.8961.0239.7882.4728.9062.2038.69
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-17.1%-5.2%+26.4%+40.0%+10.5%+21.4%-
EBITDA growth-100.8%-14.6%+16.6%+48.5%-3.8%+1387.2%-
PBT growth-157.0%+22.9%-220.7%--43.6%+9998.0%+14.3%
Net income growth-173.7%+54.4%-317.4%-3.4%-866.5%+102.5%-
Revenue CAGR (3Y)-0.2%+18.8%+25.1%+23.4%+12.6%-1.8%-16.2%
EBITDA CAGR (3Y)-+13.9%+18.5%-+25.3%--
Profitability & leverage
Net income margin-8.2%-2.5%-5.2%-1.6%+1.9%+1.0%-12.1%
Return on capital employed0.0%0.0%0.0%0.0%+3.3%+10.1%0.0%
Return on net worth0.0%0.0%0.0%0.0%-3.7%+1.4%0.0%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-235.48263.14219.33174.30231.23208.84-209.29
Efficiency & per share
Fixed asset turnover2.022.632.992.721.731.351.21
Inventory turnover3.052.773.374.052.812.772.77
Debtors turnover25.9421.8328.7533.7920.7425.1327.41
EPS (β‚Ή)(3.28)(1.20)(2.63)(0.64)0.530.26(2.88)
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)(8.49)(5.78)(4.98)(2.72)(2.44)(3.05)(5.52)

Competitors of Madhur Sugar

Madhur Sugar has 3 listed competitors in our database, 3 of them funded. They include Pushp, Keya Foods and Food Service.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
pushpmasale.com1974Indore, India$16.78M1,096
Brand of spices & seasonings
keyafoods.com2009Mumbai, India$209,091280
Multi-category food products are offered via an internet-first brand.
foodserviceindia.com2012Mumbai, India$6.37M298
Customized food solutions are provided for the HORECA sector.
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Detailed competitors of Madhur Sugar

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Web traffic of Madhur Sugar

The website of Madhur Sugar (madhursugar.com) receives about 7.7K visits a month.

  • Monthly visits
    7.7K

    ▼ 47.1% vs previous month

Similar websites

Websites whose visitors overlap most with Madhur Sugar. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
v4msupermarket.com
v4msupermarket.com
100%
#6,394,390–

Top companies in Food & Beverage Products & Processing

3 companies that operate in the same segment as Madhur Sugar (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Platform offering a subscription-based delivery service for fresh milk and groceries
2015Gurugram, Haryana, IndiaUSD 228.42 MUSD 99.78 M3,464
Subscription-based coffee products are offered by an internet-first brand.
2013Gurugram, Haryana, IndiaUSD 112.84 MUSD 25.83 M2,059
Meat and seafood products are delivered via an online platform.
2015Bengaluru, Karnataka, IndiaUSD 564.84 MUSD 143.51 M2,828
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Related news about Madhur Sugar

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Frequently Asked Questions about Madhur Sugar

Madhur Sugar was founded in 2007.

Madhur Sugar is headquartered in Belgaum, India. It is registered at Belgaum, Karnataka, India.

Madhur Sugar has 2,452 employees.

The primary company behind Madhur Sugar, Shree Renuka Sugars Limited, reported revenue of β‚Ή9,305 Cr for FY 2026, down 16% year on year.

Madhur Sugar, established in 2007, excels in producing manufactured goods, food and beverage, sugar production, and private labeling. Manufactures sugar and provides private label branding services. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.

Madhur Sugar's top competitors include Pushp, Food Service and Keya Foods.

Yes, Madhur Sugar is publicly traded on NSE under the ticker symbol RENUKA.

Madhur Sugar operates through Shree Renuka Sugars Limited.

The legal entities of Madhur Sugar currently have 17 directors, including Jean Luc Robert Bohbot, Ravi Gupta, Madhu Ramachandra Rao and others.

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