Magadh Sugar & Energy Limited, incorporated in March 2015, is a significant player in the Indian sugar industry, headquartered in Kolkata, India. As part of the prestigious K.K Birla Group of sugar companies, it has established itself with integrated operations encompassing sugar manufacturing, distilleries, and power generation.
The company operates through three primary segments: Sugar, Distillery, and Co-generation. Its Sugar segment is engaged in the manufacture and sale of sugar, molasses, and bagasse. The Distillery segment focuses on manufacturing and selling denatured spirits, including ethanol and bio-compost. The Co-generation segment is dedicated to the generation and transmission of power.
Magadh Sugar & Energy operates three sugar mills across Bihar:
- New Swadeshi Sugar Mills, Narkatiaganj (District West Champaran)
- Bharat Sugar Mills (District Sidhwalia)
- Hansanpur Sugar Mills, Hasanpur (District Samastipur)
These mills have a combined crushing capacity of 19,000 TCD (Tons Crushed per Day). The company also has one distillery at Narkatiaganj with a total capacity of approximately 80 kilo liters per day (KLPD) and a cogeneration facility generating approximately 38 megawatts (MW) power.
Currently, the company is in the process of setting up a 75 KLPD distillery at the Bharat Sugar Mills, Sidhwalia in Bihar, which will further enhance its ethanol production capacity. In addition to sugar, the company manufactures molasses, bagasse, and press-mud; produces denatured spirits, including ethanol, as well as bio-compost; and generates and transmits power.
Magadh Sugar & Energy Ltd. has a market capitalization of ₹951 Crore as on 01-Jul-2025, classifying it as a Small Cap company as per Value Research. The P/E ratio of Magadh Sugar & Energy Ltd is 8.69 times as on 01-Jul-2025, representing a 71% discount to its peers' median range of 30.19 times. The P/B ratio of Magadh Sugar & Energy Ltd is 1.14 times as on 01-Jul-2025, a 31% premium to its peers' median range of 0.87 times.
The company's financial performance has shown mixed results across different quarters, reflecting the cyclical nature of the sugar industry.
- Q4 FY2024-25 (Dec 2024): Sales rose 29.88% to Rs 283.84 crore compared to Rs 218.54 crore in Dec 2023.
- Q3 FY2024-25 (Sep 2024): Sales rose 11.98% to Rs 323.85 crore compared to Rs 289.21 crore in Sep 2023.
- Q2 FY2024-25 (Jun 2024): Sales rose 19.51% to Rs 359.39 crore compared to Rs 300.71 crore in Jun 2023.
- Q4 FY2024-25 (Dec 2024): Net profit declined 45.64% to Rs 21.15 crore compared to Rs 38.91 crore in Dec 2023.
- Q3 FY2024-25 (Sep 2024): Net profit declined 64.39% to Rs 5.37 crore compared to Rs 15.08 crore in Sep 2023.
- Q4 FY2023-24 (Mar 2024): Net profit increased 33.8% to Rs 46.88 crore compared to Rs 35.05 crore in Q4 FY2023.
- Revenue: ₹1,322 Cr
- Profit: ₹109 Cr (TTM profit after tax)
- Market Capitalization: ₹951 Cr (as of 01-Jul-2025)
- P/E Ratio: 8.69 times (as of 01-Jul-2025)
- P/B Ratio: 1.14 times (as of 01-Jul-2025)
- Promoter Holding: Increased to 61.02% as of Mar 2025 (from 61.02% as of Jun 2024)
- Promoter Pledging: Nil
- Dividend Declared (Mar 2024): ₹10, translating to a dividend yield of 2.14%
- Dividend Yield (2024): 2.08%
- Payout Ratio (2024): 16.09%
- Sales Growth (Past 5 years): 7.61%
- Return on Equity (Past 3 years): 13.2%
Magadh Sugar & Energy Ltd. has shown resilience in its operational performance despite periods of moderate sales growth and fluctuating profitability. The company continues to expand its capacity in the distillery segment, indicating a strategic focus on ethanol production.
- All-time High: ₹1,010.00 (Sep 27, 2024)
- All-time Low: ₹45.70 (Jul 23, 2018)
- Volatility: 2.16%
- Beta Coefficient: 2.54
Magadh Sugar & Energy Limited represents a well-established player in the Indian sugar industry with diversified operations across sugar manufacturing, ethanol production, and power generation. Despite facing some profitability challenges in recent quarters, the company's strong infrastructure base and position within the K.K Birla Group provides stability for long-term operations in Bihar's sugar belt, with strategic expansions geared towards future growth.
