EN DE

Mawana Sugars Limited (MAWANASUG) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹3.9B

MS Mawana Sugars Limited MAWANASUG · NSE
Price₹152.54
Fair Value₹175.71
Upside+15.2%
Quality51/100
Watch Mawana Sugars Limited for free, get notified when fair value or trend changes. Watch for free

Strengths

Trades 15% below our fair value of ₹175.71
Low debt · generates free cash flow
Ranks above peers (13/14)

Risks

!Mixed Growth
!Thin margins · 2.4% net margin
!Moderate moat 45/100
!Weak on past: 29 out of 100
Mixed Growth
Thin margins · 2.4% net margin
Low debt · generates free cash flow
3.92% dividend yield
Ranks above peers (13/14)
Moderate moat 45/100
Evidence: High Range ₹105.11 – ₹248.90 Share as image

Fair value as of: Aug 21, 2026

From 26 valuation models · updated yesterday

Share price +33.7% over the past month.

A solid business, screening 15% undervalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Fair value for all 35,000+ stocks, review alerts and the diversification check: 14 days of Pro free, no card.

What matters now

  • A fairly wide model range (₹105.11 to ₹248.90) leaves room in how you read the outcome.
  • Our model range runs from ₹105.11 (bear) to ₹248.90 (bull), base ₹175.71. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹152.54 ₹37.46 Fair Value ₹175.71 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ₹37.46 – ₹152.54 · fair‑value band ₹105.11 – ₹248.90 · the ₹152.54 price screens below the ₹175.71 fair value. Dashed = 300-day average. As of Aug 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Mawana Sugars Limited (MAWANASUG) currently trades at ₹152.54, while our model-based Fair Value estimate is ₹175.71, implying the stock looks roughly 15.2% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Mawana Sugars Limited generated revenue of ₹15.7B at a net margin of 2.4%. Revenue grew 8.0% year over year. It earns a return on equity of 7.3%. Net debt stands at ₹3.8B. Fundamentals as of Aug 21, 2026

Our scenario range runs from ₹105.11 (bear case) to ₹248.90 (bull case); at ₹152.54, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 111% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -37% fair-value upside, at 15%, MAWANASUG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF ₹69.52 ₹98.44 ₹138.88 80
Residual Income ₹106.72 ₹111.27 ₹117.35 76
Rev-Margin DCF ₹136.61 ₹232.44 ₹344.28 74
All 26 models by family
DCF Models
FCF DCF ₹68.95 ₹102.35 ₹152.46 38
Owner Earnings ₹109.94 ₹166.49 ₹251.33 31
5Y Revenue Exit ₹136.61 ₹234.88 ₹363.82 39
5Y EBITDA Exit ₹181.08 ₹319.54 ₹485.15 41
5Y P/E Exit ₹116.78 ₹197.13 ₹283.27 38
10Y Revenue Exit ₹105.71 ₹188.40 ₹305.47 36
10Y EBITDA Exit ₹138.73 ₹246.41 ₹397.49 37
10Y P/E Exit ₹98.37 ₹162.54 ₹244.39 35
Earnings-Based
Graham-Dodd ₹64.48 ₹218.24 ₹292.58 54
Lynch FV ₹49.91 ₹71.30 ₹92.69 50
PEG = 1.0 ₹49.91 ₹71.30 ₹92.69 46
EPV ₹151.70 ₹174.11 ₹193.43 59
Dividend Discount
Gordon GGM ₹8.78 ₹17.49 ₹26.49 70
DDM Multi-Stage ₹8.78 ₹14.83 ₹18.46 61
Multiples
P/E Multiple ₹149.34 ₹199.12 ₹248.90 63
P/S Multiple ₹120.89 ₹161.19 ₹201.49 58
P/B Multiple ₹120.89 ₹161.19 ₹201.49 55
EV/EBIT ₹250.21 ₹330.34 ₹410.46 53
EV/EBITDA ₹270.99 ₹358.05 ₹445.10 54
EV/Revenue ₹181.39 ₹254.92 ₹328.45 43
Asset-Based
NCAV (Graham) ₹67.06 ₹89.87 ₹134.13 50
Growth DCF
Growth DCF ₹69.52 ₹98.44 ₹138.88 80
Rev-Margin DCF ₹136.61 ₹232.44 ₹344.28 74
Economic Profit
Residual Income ₹106.72 ₹111.27 ₹117.35 76
ROIC Compounder ₹156.47 ₹195.23 ₹243.76 72
Growth Earnings
Growth-Adj P/E ₹127.22 ₹181.74 ₹236.26 68

Widest divergence: Multiples (₹199.12) versus Dividend Discount (₹14.83). Highest evidence: Growth DCF (80).

Notify me when MAWANASUG reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹15.7B
Revenue growth (YoY) +8.0%
Net margin 2.4%
Return on equity 7.3%
Free cash flow ₹210M FY2026
P/E ratio 16.1
More key figures
Operating margin 21.4%
EPS (TTM) ₹9.48
Dividend yield 3.9%
EPS growth (YoY) +1.9%
Net debt ₹3.8B FY2026

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 49 · Market factors (momentum, volatility) 89

Profitability 44
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 93
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Mawana Sugars Limited manufactures and sells sugar products in India. It operates through Sugar, Power, and Distillery segments. The company produces plantation white, refined, and specialty sugars, as well as IP grade sugar for pharmaceutical applications.

Full company description

Mawana Sugars Limited manufactures and sells sugar products in India. It operates through Sugar, Power, and Distillery segments. The company produces plantation white, refined, and specialty sugars, as well as IP grade sugar for pharmaceutical applications. It is also involved in the cogeneration of power from bagasse; and manufacturing and sale of anhydrous and hydrous ethanol, including denatured spirit, green ethanol, organic manure, potash rich ash, and fusel oil. It also exports its products. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Mawana Sugars Limited reported revenue of ₹15.7B in FY2026 versus ₹14.6B in FY2022, a compound +1.8%/yr. Reported net income was ₹371M in FY2026, compounding +9.1%/yr from FY2022.

Growth Quality 49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹15.7B
Latest YoY
+8.9%
Avg. growth/yr (3Y) 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.
+2.1%
Avg. growth/yr (5Y) 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.
+2.3%
Avg. growth/yr (23Y) 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.
+5.3%
Revenue +1.8%/yr
FY22 ₹14.6B
FY23 ₹14.8B
FY24 ₹13.6B
FY25 ₹14.4B
FY26 ₹15.7B
Net income +9.1%/yr
FY22 ₹262M
FY23 ₹131M
FY24 ₹377M
FY25 ₹1.1B
FY26 ₹371M
Character of growth · EPS growth decomposed (2016-2026) −11.9 % p.a.
Revenue per share +2.4 pp

of which total revenue +2.4 pp · buybacks/dilution +0.0 pp

EBIT margin −10.7 pp
Tax rate −0.3 pp
Residual (interest, one-offs) −3.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch MAWANASUG: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Mawana Sugars Limited Fair Value". https://www.fairvalue-calculator.com/stock/MAWANASUG

Peer Group

Confectioners · 80 stocks

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.

Quality Score 51 · Above median
Fair Value upside +15% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 21% · Top 25%
Revenue growth 8% · Above median
Dividend yield (TTM) 2.6% · Below median

Valuation Multiples vs Confectioners median · lower = cheaper

P/E (TTM) 16.1× · Cheaper than median
P/B 0.75× · Cheaper than median
P/S (TTM) 0.25× · Cheaper than median
P/FCF 0.2× · Cheaper than median
EV/EBITDA 3.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE54 · sector 21
FUTURE40 · sector 0
PAST29 · sector 23
HEALTH100 · sector 92
DIVIDEND52 · sector 56

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Confectioners stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
Chocoladefabriken Lindt & Sprüngli AG LISN CHF 93,500 CHF 9,567 -90%
Mondelez International, Inc MDLZ $62.66 $27.36 -56%
The Hershey Company HSY $184.23 $91.25 -50%
Barry Callebaut AG BARN CHF 1,136 CHF 711.91 -37%
ORION Corp 271560 124,600 KRW 203,315 KRW +63%
Guangxi Yuegui Guangye Holdings 000833 ¥20.48 ¥9.09 -56%
Cloetta AB CLAB kr 54.85 kr 59.12 +8%
Balrampur Chini Mills Limited BALRAMCHIN ₹652.15 ₹318.59 -51%
PT Yupi Indo Jelly Gum Tbk YUPI 1,295 IDR 1,140 IDR -12%
ORION Holdings 001800 26,850 KRW 42,237 KRW +57%

Compare Mawana Sugars Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Evidence & backtest 34 years, survivorship-adjusted Financial calculators DCF, Graham, PEG and more

Frequently asked questions

Is Mawana Sugars Limited (MAWANASUG) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ₹175.71 versus a price of ₹152.54, about +15% (undervalued).
What is the fair value of MAWANASUG?
Our model-based fair value for Mawana Sugars Limited is ₹175.71 (as of Aug 21, 2026), built from audited fundamentals. The current price: ₹152.54.
What is the quality score of MAWANASUG?
Mawana Sugars Limited has a Quality Score of 51/100. 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 revenue of Mawana Sugars Limited (MAWANASUG)?
Mawana Sugars Limited reported trailing-twelve-month revenue of about ₹15.7B (latest available figure, as of Aug 21, 2026).
What is the net profit margin of MAWANASUG?
The net profit margin of Mawana Sugars Limited is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. Based on the latest reported figures.
Does Mawana Sugars Limited pay a dividend?
Mawana Sugars Limited currently shows a dividend yield of about 3.92% relative to its recent price (as of Aug 21, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Mawana Sugars Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.