Indian Sucrose Limited - agriculture in Punjab, India. FY 2026 financials & compliance.
CIN L15424PB1990PLC010903 Incorporated 12 December 1990 ROC Chandigarh HQ Punjab, India
Active Listed - BSE: 500319 Public Limited Company agriculture
Data last updated
Market Cap
₹126 Cr
INDSUCR · BSE
Share Price
₹68.15
-5.67% today
Revenue
₹511 Cr
FY 2025-26 · -6.4% YoY
EBITDA
₹61.58 Cr
Margin 12.1%
Net Profit
₹42.39 Cr
FY 2025-26 · +10.1% YoY
P/E (TTM)
3.0x
P/B 0.4x
ROE
15.4%
ROCE 17.0%
Debt / Equity
0.73
Interest cover 46.2x

About Indian Sucrose Limited

Data last updated:

Indian Sucrose Limited is a public limited company based in Punjab, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 12 December 1990 and has been in existence for over 36 years.

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L15424PB1990PLC010903. Its GSTIN is 03AABCI1877K1ZJ (Punjab). It is a listed company as per MCA records. Its shares are listed on BSE: 500319.

The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹17.38 Cr. It was formerly known as Oswal Sugars Ltd. It is led by directors including Kunal Yadav (Managing Director) and Jaitender Kumar.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at G. T. Road Mukerian Distt Hoshiarpur, Punjab, India.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹510.77 Cr, a decline of 6.4% compared to the previous year. For the same year it recorded a net profit of ₹42.39 Cr (net margin 8.3%) and EBITDA of ₹61.58 Cr (EBITDA margin 12.1%). The net worth stands at ₹291.97 Cr (up 13.3% YoY). Total assets are valued at ₹486.75 Cr (up 3.2% YoY).

The company has about 279 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Yadu Sugar. As per MCA filings, the company has open charges of ₹401.87 Cr and satisfied charges of ₹679.18 Cr on record. Court records list 331 cases involving the company, including 73 filed by the company and 259 filed against it; 41 cases are pending. The company has 12 deals on record (12 market trades); the latest was in July 2021. Its 6 peer companies in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 2 smaller; the largest is Bilagi Sugar Mill Limited with revenue of ₹598.97 Cr. The company has 5 MSME Form 1 returns on record between 2023 and 2024, listing 14 overdue payments to 11 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website muksug.in.

Company details

CIN L15424PB1990PLC010903
Registration Number 010903
Incorporation Date 12 December 1990
ROC Chandigarh
Listing Status Listed - Listed on BSE (500319)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Indian Sucrose has one previous CIN (Corporate Identification Number): U15424PB1990PLC010903. The current CIN is L15424PB1990PLC010903, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L15424PB1990PLC010903Current
U15424PB1990PLC010903Previous

Contact details

Indian Sucrose Limited's registered office is in Punjab. Its website is muksug.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
  • Social Media
  • Registered Address
    G. T. Road Mukerian Distt Hoshiarpur, Punjab, India
  • Industry
    Agriculture, Sugar Processing

To see the full contact details of Indian Sucrose Limited, buy the company report.

Comprehensive company report
Indian Sucrose Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Indian Sucrose operates one associated brand: Yadu Sugar. Each brand links to its own profile.

BrandDescriptionWebsite
Sugar and allied products are manufactured in India.muksug.in

Business activity

The main business activity of Indian Sucrose is manufacturing. In detail, this covers food, beverages and tobacco products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC1Food, beverages and tobacco products

To see the full business activity and turnover split of Indian Sucrose Limited, buy the company report.

Financials of Indian Sucrose Limited

FY 2025-26 filings available

Indian Sucrose Limited reported revenue of ₹510.77 Cr (down 6.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹511 Cr
-6.4% YoY
EBITDA
₹61.58 Cr
-15.9% YoY
Profit After Tax
₹42.39 Cr
+10.1% YoY
Net Worth
₹292 Cr
+13.3% YoY
Total Assets
₹487 Cr
+3.2% YoY
Total Debt
₹192 Cr
-9.5% 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
Revenue511546529452443431532
Revenue growth-6.4%+3.2%+17.0%+2.0%+2.8%-19.1%-
EBITDA61.5873.2468.9464.8059.0152.6450.52
EBITDA margin+12.1%+13.4%+13.0%+14.3%+13.3%+12.2%+9.5%
Profit before tax43.4352.6044.3042.2140.3630.5719.18
Net profit42.3938.5132.9130.0337.2822.3712.28
Net profit margin+8.3%+7.1%+6.2%+6.7%+8.4%+5.2%+2.3%
EPS (₹)17.9022.0918.8417.2721.8614.517.97
Balance sheet
Total assets487472425409337318245
Net worth29225821418215211189.07
Total debt192212209225182204153
Cash & bank90.1814519.6432.0920.0526.6917.29
Net working capital29928723120714115199.86
Cash flow
Cash from operations(37.15)68.0255.6947.2786.57(70.52)155
Cash from investing13.8380.95(29.45)(54.01)(35.74)(22.17)(35.34)
Cash from financing(43.08)(21.62)(41.24)17.98(39.20)88.44(121)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue50.9630879.7439.1383.6831251.6857.05
Revenue growth (YoY)-39.1%-1.4%+54.3%-31.4%-32.8%---
Other income6.525.734.494.262.324.034.813.96
Total expenses48.7226768.6938.0675.3025844.5757.32
EBITDA2.2441.1211.051.078.3854.497.11(0.27)
EBITDA margin+4.4%+13.3%+13.9%+2.7%+10.0%+17.4%+13.8%-0.5%
Depreciation2.864.162.882.642.442.992.522.21
Interest5.386.145.285.795.626.115.545.87
Profit before tax0.5236.557.38(3.10)2.6449.423.86(4.39)
Tax0.1610.460.650.570.6713.411.00(1.11)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue50.9630879.7439.1383.6831251.6857.05
Revenue growth (YoY)-39.1%-1.4%+54.3%-31.4%-32.8%---
Other income6.525.734.494.262.324.034.813.96
Total expenses48.7226768.6938.0675.3025844.5757.32
EBITDA2.2441.1211.051.078.3854.497.11(0.27)
EBITDA margin+4.4%+13.3%+13.9%+2.7%+10.0%+17.4%+13.8%-0.5%
Depreciation2.864.162.882.642.442.992.522.21
Interest5.386.145.285.795.626.115.545.87
Profit before tax0.5236.557.38(3.10)2.6449.423.86(4.39)
Tax0.1610.460.650.570.6713.411.00(1.11)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue511546529452443431532
Revenue growth-6.4%+3.2%+17.0%+2.0%+2.8%-19.1%-
Other income16.8014.8413.5910.747.313.631.64
Total expenses449472460387384378481
Employee cost16.9216.0414.6513.8411.6110.8010.73
EBITDA61.5873.2468.9464.8059.0152.6450.52
EBITDA margin+12.1%+13.4%+13.0%+14.3%+13.3%+12.2%+9.5%
Depreciation12.1210.5511.348.436.957.588.08
Interest22.8324.9326.8924.9019.0118.1224.90
Profit before tax43.4352.6044.3042.2140.3630.5719.18
Tax12.3414.2411.5512.203.088.206.90
Net profit42.3938.5132.9130.0337.2822.3712.28
Net profit margin+8.3%+7.1%+6.2%+6.7%+8.4%+5.2%+2.3%
EPS (₹)17.9022.0918.8417.2721.8614.517.97
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital17.3817.3817.3817.3817.0515.4215.42
Reserves & surplus27524019716413495.4073.65
Shareholders' funds (net worth)29225821418215211189.07
Secured loans186206201216172191147
Unsecured loans5.376.577.539.369.8213.625.75
Total debt192212209225182204153
Total liabilities487472425409337318245
Assets
Gross block349346341332220215212
Net block193198203204100102106
Capital work in progress1.752.141.691.3191.4459.9135.27
Investments10.986.550.100.101.261.382.26
Inventories150159195215190191215
Sundry debtors16112167.8254.4473.1773.7549.67
Cash & bank balances90.1814519.6432.0920.0526.6917.29
Loans & advances16.7521.7295.4466.6720.9314.258.98
Total current assets418448378368304306291
Total current liabilities119160147161163155191
Net working capital29928723120714115199.86
Total assets487472425409337318245
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash13810.8025.8014.572.947.198.44
Net cash from operating activities(37.15)68.0255.6947.2786.57(70.52)155
Net cash from investing activities13.8380.95(29.45)(54.01)(35.74)(22.17)(35.34)
Net cash from financing activities(43.08)(21.62)(41.24)17.98(39.20)88.44(121)
Net change in cash(66.40)127(15.01)11.2311.63(4.25)(1.26)
Closing cash90.1814519.6432.0920.0526.6917.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-6.4%+3.2%+17.0%+2.0%+2.8%-19.1%-
EBITDA growth-15.9%+6.2%+6.4%+9.8%+12.1%+4.2%-
PBT growth-17.4%+18.7%+5.0%+4.6%+32.0%+59.4%+138.3%
Net income growth+10.1%+17.0%+9.6%-19.5%+66.7%+82.2%-
Revenue CAGR (3Y)+4.2%+7.2%+7.1%-5.3%+6.9%+0.9%+11.3%
EBITDA CAGR (3Y)-1.7%+7.5%+9.4%+8.7%+30.4%+23.9%-7.9%
Profitability & leverage
Net income margin+6.1%+7.0%+6.2%+6.6%+8.4%+5.2%+2.3%
Return on capital employed+17.0%+17.3%+17.1%+18.0%+18.1%+17.3%+17.2%
Return on net worth+15.4%+16.3%+16.5%+18.0%+28.4%+22.4%+14.1%
Debt / equity0.730.891.101.221.471.791.91
Long-term debt / equity0.070.110.190.290.430.610.53
Interest cover46.1639.7746.6844.1736.5240.2158.67
Efficiency & per share
Fixed asset turnover1.471.591.571.642.042.022.55
Inventory turnover3.313.082.582.232.332.122.34
Debtors turnover3.615.778.657.086.036.9812.20
EPS (₹)17.9022.0918.8417.2721.8614.517.97
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)168.02148.28123.43104.5788.8771.8757.77

To see the full year-wise statements and ratios of Indian Sucrose Limited, buy the company report.

Board of directors of Indian Sucrose Limited

Indian Sucrose has 7 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jaitender KumarDirector27 Jun 20188 Years 3 MonthsCurrent
Geeta SharmaDirector12 Oct 20206 Years 0 MonthsCurrent
Kunal YadavManaging Director05 Feb 200818 Years 8 MonthsCurrent
Anil Kumar JainDirector01 Oct 20251 Years 0 MonthsCurrent
Birendra KumarDirector10 Jan 20251 Years 9 MonthsCurrent
Anil Kumar PunjDirector11 Oct 20242 Years 0 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Indian Sucrose Limited is compared with the 6 companies closest to it by revenue in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Bilagi Sugar Mill Limited₹598.97 Cr (FY 2025)26.0%Bagalkot, Karnataka, India
Tirupati Food Industries Private Limited₹572.28 Cr (FY 2025)27.0%New Delhi, Delhi, India
Shri Balaji Sugars and Chemicals Private Limited₹572.18 Cr (FY 2025)20.0%Bijapur, Karnataka, India
Jai Hind Sugar Private Limited₹562.68 Cr (FY 2025)82.0%Pune, Maharashtra, India
Indian Sucrose Limitedthis company₹510.77 Cr (FY 2026)₹42.39 Cr8.3%-6.4%279Punjab, India
Shiraguppi Sugar Works Limited₹476.93 Cr (FY 2025)3.0%Belgaum, Karnataka, India
Tirupati Sugars Limited₹476.5 Cr (FY 2025)1.0%New Delhi, Delhi, India

To see the full peer comparison of Indian Sucrose Limited, buy the company report.

Auditor

Indian Sucrose Limited is audited by SSVS & CO. for the financial year 2024.

Auditor firmFinancial yearFirm registration number
SSVS & CO.FY 2024021648C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 64.50%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 35.50%.

Promoters: 64.50%Retail & Others: 35.50%
Sep 2026
QUARTER
64.50% Promoters
35.50% Retail & Others
Promoter holding - history
Now 64.50% · Sep 2026High 64.50% · Dec 2025Low 64.50% · Dec 2025
63%63.8%64.5%65.3%66%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 64.50%Mar 2026: 64.50%Jun 2026: 64.50%Sep 2026: 64.50%64.50%64.50%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters64.50%64.50%64.50%64.50%
Public35.50%35.50%35.50%35.50%

Charges & borrowings

Open charges
₹401.87 Cr
Satisfied charges
₹679.18 Cr
Breakdown by lending institutions
Others₹358.53 Cr
Indian Bank₹21.80 Cr
State Bank of India₹19.91 Cr
Axis Bank Limited₹1.63 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Feb 2026101239959State Bank of India₹19.4 CrOpen
15 Dec 2025101213175Others₹15 CrOpen
06 Oct 2025101169389Others₹2.16 CrOpen
20 Aug 2025101154035Others₹2.31 CrOpen
28 Jul 2025101140524Indian Bank₹21.8 CrOpen

To see the full charge records of Indian Sucrose Limited, buy the company report.

Total charge records: 70 View all charges

Deals & funding

Indian Sucrose Limited has 12 deals on record (12 market trades); the latest was in July 2021.

Total deals
12
Market trades
12

Deals on record (5 of 12)

WhenDealAmountParties
Jul 2021Market trade₹1.24 CrBuyer: Alpha Leon Enterprises LLP
Seller: Alpha Leon Enterprises LLP
May 2021Market trade₹45.7 LakhSeller: Mithun Securities Private Limited
Feb 2018Market trade₹3.85 CrBuyer: an individual
Seller: an individual
Oct 2010Market trade₹5.48 CrBuyer: JMP Securities Private Limited
Seller: JMP Securities Private Limited
Oct 2010Market trade₹6.76 CrBuyer: JMP Securities Private Limited , Aap Investments, NBN Fintrade Private Limited
Seller: JMP Securities Private Limited , NBN Fintrade Private Limited , Arcadia Share and Stock Brokers Private Limited

To see the full deal history of Indian Sucrose Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Indian Sucrose Limited was last rated by Care on 01 Dec 2025.

Rating agencyRated onRating
Care01 Dec 2025

To see the full credit ratings and regulatory alerts of Indian Sucrose Limited, buy the company report.

MSME payment delays

Indian Sucrose Limited has 5 MSME Form 1 returns on record between 2023 and 2024, listing 14 overdue payments to 11 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 11)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
National Electric Trading Co.

To see the full MSME payment records of Indian Sucrose Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Indian Sucrose Limited has a workforce of 279 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.

Employee count
279
Active EPFO establishments
1
Employee growth
5.28%

GST

Indian Sucrose has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
03AABCI1877K1ZJPunjabActive01 Jul 2017

To see the full GST registrations and return filing status of Indian Sucrose Limited, buy the company report.

Recent activity

Indian Sucrose Limited has 55 board changes on record since 2000: 31 appointments and 24 cessations. The latest: Sudeep Saxena was appointed as Director on 31 Jan 2026.

Filing
Indian Sucrose Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chandigarh.
Charges
A charge with State Bank Of India amounted to Rs. 19.40 Cr with Charge ID 101239959 was registered on 19 Feb 2026.
Appointed
Sudeep Saxena was appointed as Director.
Charges
A charge registered on 30 Jul 2021 via Charge ID 100469136 with Others was fully satisfied on 30 Jan 2026.
Charges
A charge registered on 21 Dec 2020 via Charge ID 100402249 with Others was fully satisfied on 23 Dec 2025.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101213175 was registered on 15 Dec 2025.
Ceased
Neeraj Bansal ceased to be Director.
Charges
A charge with Others amounted to Rs. 2.16 Cr with Charge ID 101169389 was registered on 06 Oct 2025.
Appointed
Anil Kumar Jain was appointed as Director.
AGM
Indian Sucrose Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 2.31 Cr with Charge ID 101154035 was registered on 20 Aug 2025.
Charges
A charge registered on 09 Mar 2022 via Charge ID 100549464 with State Bank Of India was fully satisfied on 20 Aug 2025.

173 earlier events are in the company report.

Frequently asked questions

Indian Sucrose is an active public limited company based in Punjab, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 12 December 1990 (36+ years old) and is registered under CIN L15424PB1990PLC010903. Listed on BSE: 500319.

Indian Sucrose reported revenue of ₹510.77 Cr for FY 2025-26 (down 6.4% YoY) based on standalone financials.

Indian Sucrose has 7 current directors:

The latest financial statements of Indian Sucrose on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Indian Sucrose is 03AABCI1877K1ZJ, registered in Punjab.

The CIN (Corporate Identification Number) of Indian Sucrose is L15424PB1990PLC010903. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Indian Sucrose is a listed company as per MCA records. Its shares are listed on BSE (code: 500319).

Indian Sucrose has 331 court cases on record: 73 filed by the company and 259 filed against it. 41 are pending. Most are in the district courts.

Indian Sucrose was incorporated on 12 December 1990, making it 36+ years old. It is registered with the Registrar of Companies, Chandigarh.

Indian Sucrose has 12 deals on record (12 market trades); the latest was in July 2021.

The peers of Indian Sucrose by revenue are Bilagi Sugar Mill Limited, Tirupati Food Industries Private Limited, Shri Balaji Sugars and Chemicals Private Limited, Jai Hind Sugar Private Limited, Shiraguppi Sugar Works Limited and 1 more, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).

Sudeep Saxena was appointed as Director on 31 Jan 2026. Neeraj Bansal ceased to be Director on 12 Oct 2025. Anil Kumar Jain was appointed as Director on 01 Oct 2025. Indian Sucrose has 55 board changes on record in total.