---
title: "Andhra Sugars Ltd (ANDHRSUGAR) — Share Price, Financials & Analysis"
symbol: "ANDHRSUGAR"
company: "Andhra Sugars Ltd"
canonical: "https://tapetide.com/stocks/ANDHRSUGAR"
isin: "INE715B01021"
nse_symbol: "ANDHRSUGAR"
bse_code: "590062"
sector: "Chemicals"
industry: "Commodity Chemicals"
market_cap_cr: 1199.35
generated_at: "2026-10-15T11:29:40.209Z"
---

# Andhra Sugars Ltd (ANDHRSUGAR)

Canonical page: https://tapetide.com/stocks/ANDHRSUGAR

## Company

- **NSE Symbol:** ANDHRSUGAR
- **BSE Code:** 590062
- **ISIN:** INE715B01021
- **Sector:** Chemicals
- **Industry:** Commodity Chemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 1995-11-01
- **CEO:** Mr. Pendyala Narendranath Chowdary B.Sc.
- **Employees:** 1909
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** theandhrasugars.com

## About

Incorporated in 1947, Andhra Sugars Limited is a manufacturer of Sugar, Industrial Alcohol, Chlor Alkali Products, Aspirin, Sulphuric Acid, Liquid & Solid Propellants. It also generates power for captive use [1]

## Latest Price

- **Price:** ₹88.49
- **Change:** -3.14 (-3.43%)
- **Open:** ₹92.64
- **Day High:** ₹92.64
- **Day Low:** ₹86.95
- **Previous Close:** ₹91.63
- **Volume:** 566963
- **As Of:** 2026-10-15T10:25:28+00:00

## Key Fundamentals

Price-based figures as of 2026-10-15T15:55:28+05:30.

Observed at 2026-10-15T04:42:00.817286Z.

- **Market Cap:** ₹1199.35 Cr
- **Classification:** Microcap
- **P/E (TTM):** 11.37
- **EPS (TTM):** ₹7.78
- **Book Value:** ₹123.33
- **Price to Book:** 0.72
- **Dividend Yield:** 1.31%
- **ROE:** 4.85%
- **ROCE:** 6.18%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹2493.6 Cr
- **Net Income:** ₹85.9 Cr
- **EBITDA:** ₹235.8 Cr
- **52-Week High:** ₹107.23
- **52-Week Low:** ₹66.5
- **RSI (14):** 45.47

## Tapetide Score

- **Score:** 69 / 100
- **Score date:** 2026-10-14
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Flat
- **Percentile:** 99.2 (of 4490 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 70.4 | 9% |
| growth | 67 | 9% |
| momentum | 54.53 | 12% |
| ownership | 66.3 | 24% |
| quality | 65.05 | 22% |
| valuation | 80.55 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.75 times its book value
- Company has been maintaining a healthy dividend payout of 26.5%
- Company's working capital requirements have reduced from 73.6 days to 52.1 days

### Weaknesses

- The company has delivered a poor sales growth of 10.3% over past five years.
- Company has a low return on equity of 4.47% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 117.79% | 96.44% | 57.73% |
| ebitda margin growth | 157.19% | 29.06% | 21.28% | -36.76% |
| net income growth | 689.83% | 222.93% | -20% | -6% |
| revenue growth | -1.28% | 20.74% | 1% | 10% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 518 | 451 | 433 | 480 | 528 | 511 | 500 | 600 | 597 | 631 | 637 | 627 |
| Expenses | 490 | 436 | 403 | 469 | 508 | 495 | 454 | 548 | 542 | 584 | 590 | 555 |
| Operating Profit | 28 | 15 | 30 | 11 | 20 | 16 | 46 | 51 | 55 | 48 | 48 | 72 |
| OPM % | 5 | 3.3 | 7 | 2.3 | 3.9 | 3.2 | 9 | 9 | 9 | 8 | 7 | 12 |
| Other Income | 16 | 12 | 19 | 27 | 7 | 5 | -13 | 3 | 11 | 6 | -16 | 10 |
| Interest | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 19 | 19 | 20 | 19 | 20 | 21 | 21 | 20 | 21 | 21 | 22 | 20 |
| Profit before tax | 25 | 7 | 29 | 19 | 7 | 0 | 12 | 34 | 44 | 32 | 10 | 62 |
| Tax % | 21 | -19 | 10 | 16 | 26 | 193 | 46 | 29 | 24 | 27 | 39 | 25 |
| Net Profit | 20 | 9 | 26 | 16 | 5 | 0 | 6 | 25 | 34 | 23 | 6 | 47 |
| EPS in Rs | 1.38 | 0.74 | 1.87 | 1.09 | 0.33 | 0.06 | 0.43 | 1.73 | 2.41 | 1.65 | 0.35 | 3.37 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1308 | 1376 | 1477 | 1509 | 1962 | 2368 | 1894 | 2020 | 2466 | 2493 |
| Expenses | 1096 | 1073 | 1199 | 1293 | 1700 | 2060 | 1780 | 1920 | 2262 | 2271 |
| Operating Profit | 212 | 303 | 279 | 216 | 262 | 308 | 114 | 100 | 204 | 223 |
| OPM % | 16 | 22 | 19 | 14 | 13 | 13 | 6 | 5 | 8 | 9 |
| Other Income | 44 | 62 | 44 | 43 | 116 | 25 | 54 | 21 | 2 | 11 |
| Interest | 33 | 31 | 29 | 27 | 13 | 4 | 2 | 2 | 3 | 2 |
| Depreciation | 55 | 55 | 62 | 61 | 64 | 76 | 76 | 81 | 83 | 83 |
| Profit before tax | 168 | 278 | 231 | 170 | 300 | 253 | 90 | 38 | 120 | 148 |
| Tax % | 29 | 31 | 9 | 17 | 18 | 25 | 16 | 29 | 28 | — |
| Net Profit | 119 | 192 | 211 | 141 | 246 | 191 | 76 | 27 | 87 | 109 |
| EPS in Rs | 8.6 | 14.06 | 14.99 | 9.96 | 17.87 | 13.72 | 5.54 | 1.91 | 6.14 | 7.78 |
| Dividend Payout % | 23 | 14 | 27 | 20 | 22 | 15 | 18 | 42 | 20 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
| Reserves | 906 | 960 | 1104 | 1126 | 1270 | 1491 | 1514 | 1556 | 1565 | 1644 |
| Borrowings | 369 | 255 | 301 | 261 | 159 | 55 | 24 | 31 | 13 | 1 |
| Other Liabilities | 415 | 390 | 427 | 393 | 422 | 466 | 470 | 461 | 502 | 502 |
| Total Liabilities | 1716 | 1632 | 1859 | 1808 | 1879 | 2039 | 2035 | 2075 | 2108 | 2174 |
| Fixed Assets | 658 | 650 | 700 | 711 | 716 | 712 | 806 | 813 | 952 | 931 |
| CWIP | 30 | 98 | 58 | 32 | 52 | 71 | 125 | 181 | 57 | 42 |
| Investments | 358 | 261 | 356 | 267 | 366 | 409 | 307 | 317 | 322 | 529 |
| Other Assets | 671 | 623 | 745 | 798 | 745 | 848 | 797 | 764 | 776 | 672 |
| Total Assets | 1716 | 1632 | 1859 | 1808 | 1879 | 2039 | 2035 | 2075 | 2108 | 2174 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 245 | 202 | 114 | 181 | 253 | 176 | 286 | 142 | 128 | 278 |
| Cash from Investing Activity | -259 | -17 | -133 | -15 | -141 | -27 | -204 | -102 | -93 | -246 |
| Cash from Financing Activity | 24 | -175 | 23 | -167 | -132 | -148 | -91 | -23 | -34 | -27 |
| Net Cash Flow | 10 | 11 | 4 | -1 | -21 | 2 | -10 | 17 | 0 | 5 |
| Free Cash Flow | 86 | 93 | 49 | 140 | 162 | 84 | 69 | 8 | 32 | 226 |
| CFO/OP | 124 | 113 | 60 | 90 | 129 | 89 | 112 | 142 | 137 | 149 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 53 | 49 | 49 | 53 | 53 | 45 | 36 | 36 | 35 | 34 |
| Inventory Days | 194 | 173 | 282 | 250 | 208 | 171 | 125 | 161 | 145 | 76 |
| Days Payable | 46 | 27 | 28 | 29 | 34 | 33 | 22 | 36 | 39 | 31 |
| Cash Conversion Cycle | 201 | 195 | 304 | 274 | 226 | 182 | 139 | 161 | 141 | 79 |
| Working Capital Days | 73 | 84 | 102 | 107 | 99 | 98 | 74 | 87 | 82 | 52 |
| ROCE % | 15 | 14 | 21 | 16 | 13 | 19 | 16 | 5 | 4 | 8 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.08% | 47.08% | 47.19% | 47.19% | 46.99% | 47.26% | 47.28% | 47.28% | 49.94% | 50.49% | 50.49% | 50.49% |
| FIIs | 3.38% | 3.28% | 3.02% | 2.92% | 2.89% | 2.71% | 2.69% | 2.62% | 2.54% | 2.69% | 2.53% | 2.86% |
| DIIs | 0.05% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 37.86% | 38.08% | 38.18% | 38.13% | 38.3% | 38.22% | 38.11% | 38.11% | 37.04% | 36.16% | 36.11% | 36.2% |
| Others | 11.63% | 11.55% | 11.61% | 11.76% | 11.82% | 11.8% | 11.92% | 11.99% | 10.48% | 10.65% | 10.87% | 10.44% |
| No. of Shareholders | 47142 | 47853 | 48799 | 53406 | 55540 | 54924 | 54289 | 54613 | 55455 | 54371 | 52549 | 51307 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 7 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 91.74 | Sell |
| EMA (10) | 91.99 | Sell |
| SMA (20) | 93.1 | Sell |
| EMA (20) | 93.04 | Sell |
| SMA (50) | 95.67 | Sell |
| EMA (50) | 93.21 | Sell |
| SMA (100) | 89.63 | Buy |
| EMA (100) | 90.76 | Buy |
| SMA (200) | 83.98 | Buy |
| EMA (200) | 86.59 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.47 | Neutral |
| MACD (12,26,9) | -1.18 | Sell |
| Stochastic (14,3,3) | 40.83 | Neutral |
| ADX (14) | 13.34 | Neutral |
| Williams %R (14) | -59.24 | Neutral |
| ATR (14) | 3.6 | High Volatility |
| ROC (12) | -3.96 | Sell |
| Stoch RSI (14) | 68.85 | Neutral |
| UO (7,14,28) | 39.69 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-10-05 | [Structural Digital Database](https://nsearchives.nseindia.com/corporate/ANDHRSUGAR_05102026092323_20261005090155.pdf) |
| 2026-09-28 | [Trading Window](https://nsearchives.nseindia.com/corporate/ANDHRSUGAR_28092026151855_TradingwindowofNSE.pdf) |
| 2026-09-26 | [General Updates](https://nsearchives.nseindia.com/corporate/ANDHRSUGAR_26092026105059_Revised__79thAnnualReport.pdf) |
| 2026-09-25 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/ANDHRSUGAR_25092026191327_Evoting.pdf) |
| 2026-09-24 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/ANDHRSUGAR_24092026194217_20260924192820.pdf) |
| 2026-09-17 | [General Updates](https://nsearchives.nseindia.com/corporate/ANDHRSUGAR_17092026155914_20260917155036.pdf) |
| 2026-08-08 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ANDHRSUGAR_08082026131058_OUTCOMEOFBOARDMEETING.pdf) |
| 2026-07-27 | [Trading Window](https://nsearchives.nseindia.com/corporate/ANDHRSUGAR_27072026143224_TradingwindowofNSE.pdf) |
| 2026-07-16 | [Commencement of commercial production/operations](https://nsearchives.nseindia.com/corporate/ANDHRSUGAR_16072026181229_Solarpower.pdf) |
| 2026-07-07 | [Spurt in Volume](https://nsearchives.nseindia.com/corporate/ANDHRSUGAR_07072026102529_20260707115949.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | Annual Report 2025 |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/SME_AR_28423_SUNREST_2024_2025_A_9187494_04092025161450.pdf) |
| 2024 | Annual Report 2024 |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/SME_AR_25705_SUNREST_2023_2024_0409202418165.pdf) |
| 2022 | [Annual Report 2022](https://archives.nseindia.com/annual_reports/AR_21237_ANDHRSUGAR_2021_2022_03092022180307_09032022190014.zip) |
| 2021 | [Annual Report 2021](https://archives.nseindia.com/annual_reports/AR_19172_ANDHRSUGAR_2020_2021_02092021145931_09022021150005.zip) |
| 2020 | [Annual Report 2020](https://archives.nseindia.com/annual_reports/AR_17300_ANDHRSUGAR_2019_2020_04092020183143_04092020190006.zip) |
| 2019 | [Annual Report 2019](https://archives.nseindia.com/annual_reports/AR_16039_ANDHRSUGAR_2018_2019_25092019101852_25092019110003.zip) |
| 2018 | [Annual Report 2018](https://archives.nseindia.com/annual_reports/AR_13679_ANDHRSUGAR_2017_2018_28092018102014.zip) |
| 2017 | [Annual Report 2017](https://archives.nseindia.com/annual_reports/AR_11762_ANDHRSUGAR_2016_2017_29092017115152.zip) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-09-22 | Credit rating update — ICRA |
| 2024-09-25 | Credit rating update — ICRA |
| 2023-09-29 | Credit rating update — ICRA |
| 2022-09-30 | Credit rating update — ICRA |
| 2022-06-07 | Credit rating update — ICRA |
| 2021-09-28 | Credit rating update — ICRA |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2024-09-13 | [Book Closure for Dividend & AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2EE184DE-3CBE-41AE-B440-4D5DF7944336-181009.pdf) |
| 2021-12-31 | [Allotment of Equity Shares](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B076F965-FB27-47B5-BB90-F36AB5A18492-132702.pdf) |
| 2021-05-05 | [Clarification](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D81B1569-4483-4B46-9BDE-9C890296B1C7-171742.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-15T11:29:40.209Z.