Mawana Sugars Limited (523371) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Mawana Sugars Limited ₹21.80, price ₹139, upside -84.4%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹30.86 – ₹152.95 · fair‑value band ₹15.52 – ₹28.86 · the ₹139.45 price screens above the ₹21.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Mawana Sugars Limited manufactures and markets sugar under the Mawana brand in India. The company operates through Sugar, Power, Chemicals, and Distillery segments. It produces plantation white, refined, and specialty sugars, as well as IP grade sugar for pharmaceutical use.
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Mawana Sugars Limited manufactures and markets sugar under the Mawana brand in India. The company operates through Sugar, Power, Chemicals, and Distillery segments. It produces plantation white, refined, and specialty sugars, as well as IP grade sugar for pharmaceutical use. The company also offers chemical products, such as caustic soda, chlorine, stable bleaching powder, hydrogen, and hydrochloric acid. In addition, it is involved in the cogeneration of power from bagasse; and manufacture and sale of anhydrous and hydrous ethanol, including rectified spirit, denatured spirit, fuel ethanol, organic manure, and fusel oil to oil marketing companies. The company was formerly known as Siel Limited and changed its name to Mawana Sugars Limited in January 2008. Mawana Sugars Limited was incorporated in 1961 and is based in Gurugram, India.
Stock analysis
Mawana Sugars Limited (523371) currently trades at ₹139.45, while our model-based Fair Value estimate is ₹21.80, 84.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹212.52 per share, and 21 of the 24 models we run sit above the ₹139.45 price.
Bear case: the Dividend Discount group reads lowest at ₹72.69, and 3 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹15.52 (bear) to ₹28.86 (bull), the price of ₹139.45 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Consumer Goods sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Mawana Sugars Limited reported revenue of ₹14.5B in FY2025 versus ₹14.7B in FY2021, a compound −0.4%/yr. Reported net income was ₹1.1B in FY2025, compounding +10.5%/yr from FY2021.
Key figures
Market cap ₹921M (≈ $9.6M) · P/E ratio 0.2 · P/S ratio 0.01 · EPS (TTM) ₹115.82 · Dividend yield 1.4% · Net margin 7.6% · Return on equity −31.0% · Return on assets (EBIT) 8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 90% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Goods peers we cover trades at −38% fair-value upside, at −84%, 523371 screens richer than that median.
Fair Value models
Bear ₹15.52Fair Value ₹21.80Bull ₹28.86
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹115.82 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+6.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.7%
Start year 2020 (pandemic). Over 10 years: +2.6% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+16.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.2%
Dividend (yield on the price)1.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 10%
2025 sits 318% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Confectioners · 84 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+29.6% · Above median
Profitability
Return on assets−0.2% · Bottom 25%
Net margin (TTM)−5.8% · Bottom 25%
Operating margin (TTM)−0.3% · Below median
Growth and dividend
Revenue growth75.7% · Top 25%
Dividend yield (TTM)1.4% · Below median
Valuation Multiplesvs Confectioners median · lower = cheaper
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Is Mawana Sugars Limited (523371) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹21.80 versus a price of ₹139.45, about −84% upside (overvalued).
What is the fair value of 523371?
Our model-based fair value for Mawana Sugars Limited is ₹21.80 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹139.45.
What is the quality score of 523371?
Mawana Sugars Limited has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Mawana Sugars Limited (523371)?
Our model-based price target is the fair value of ₹21.80 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario ₹15.52, optimistic scenario ₹28.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Mawana Sugars Limited stock forecast for 2026?
Our models put fair value at ₹21.80, about −84% upside versus a price of ₹139.45 (overvalued). Cautious scenario ₹15.52, optimistic scenario ₹28.86. The calculation is refreshed regularly with new filings.
What is the revenue of Mawana Sugars Limited (523371)?
Mawana Sugars Limited reported trailing-twelve-month revenue of about ₹16.8B (latest available figure, as of Sep 24, 2026).
Does Mawana Sugars Limited pay a dividend?
Mawana Sugars Limited currently shows a dividend yield of about 1.42% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Mawana Sugars Limited (523371)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mawana Sugars Limited it is ₹21.80 per share (as of Sep 24, 2026), against a price of ₹139.45. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Mawana Sugars Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 523371 trades above its calculated fair value: price ₹139.45, fair value ₹21.80, a gap of about −84% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 523371?
No. The price is what the market pays today (₹139.45); the fair value is what the company's own numbers justify (₹21.80). For Mawana Sugars Limited the two are ₹117.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mawana Sugars Limited worth?
The market values Mawana Sugars Limited at about ₹921M (market capitalisation, as of Sep 24, 2026). Per share that is ₹139.45; our models calculate a fair value of ₹21.80 per share.
What do the bullish and bearish scenarios say about 523371?
Our models span a range for Mawana Sugars Limited: cautious scenario ₹15.52, base ₹21.80, optimistic ₹28.86 per share (as of Sep 24, 2026, price ₹139.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 523371?
Mawana Sugars Limited trades at a price-to-earnings ratio of 0.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹21.80 is built from several models across several years.
How solid is the balance sheet of Mawana Sugars Limited (523371)?
Balance-sheet figures for Mawana Sugars Limited (as of Sep 24, 2026): return on equity −31.0%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 523371 from its 52-week high?
Mawana Sugars Limited trades at ₹139.45, about 9% below its 52-week high of ₹152.95 and 90% above the low of ₹73.44 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹21.80 is for.
Which stocks are comparable to Mawana Sugars Limited?
From the same area (Consumer Goods) we also value Mondelez International, Inc, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Barry Callebaut AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Mawana Sugars Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹139.45, calculated fair value ₹21.80 (−84%), Quality Score 63/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 523371 calculated?
We run Mawana Sugars Limited through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹21.80, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Mawana Sugars Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Mawana Sugars Limited (523371)?
The closing price on Oct 1, 2026 was ₹139.45. Our model-based fair value is ₹21.80, about −84% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mawana Sugars Limited right now?
The price sits above even our optimistic bull case (₹28.86). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹15.52 to ₹28.86) leaves room in how you read the outcome.
Key figures of Mawana Sugars Limited
How large is the market capitalisation of Mawana Sugars Limited (523371)?
The market capitalisation of Mawana Sugars Limited is ₹921M (≈ $9.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Mawana Sugars Limited (523371)?
The price-to-sales ratio of Mawana Sugars Limited is 0.01 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mawana Sugars Limited (523371)?
Earnings per share at Mawana Sugars Limited are ₹115.82 (price ÷ EPS = P/E 0.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mawana Sugars Limited (523371)?
The dividend yield of Mawana Sugars Limited is 1.4% (payout 1.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Mawana Sugars Limited (523371)?
The net margin of Mawana Sugars Limited is 7.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Mawana Sugars Limited (523371)?
The return on equity (ROE) of Mawana Sugars Limited is −31.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Mawana Sugars Limited (523371)?
On an EBIT basis the return on assets of Mawana Sugars Limited is 8.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Mawana Sugars Limited (523371)?
The operating margin of Mawana Sugars Limited is −0.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mawana Sugars Limited (523371)?
Revenue at Mawana Sugars Limited is growing +75.7% versus a year earlier (3y avg −0.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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