KCP Sugar and Industries Corporation financials: balance sheet, profit and loss, cash flow

NSE: KCPSUGINDBSE: 533192Agricultural Food & other ProductsSmall Cap

KCP Sugar and Industries Corporation Limited · Face value ₹1 · Listed Jun 1997 on NSE, Apr 2010 on BSE

₹23.98₹1.14 (4.99%)BSE ₹24.34

Share price at the NSE close on 27 Oct 2026. Previous close ₹22.84.

27 Oct: open ₹23.05, high ₹23.98, low ₹22.50

52-week range of traded prices to 27 Oct 2026

₹21.45Low, 17 Jul 2026₹36.47High, 24 Aug 2026

Delivery only: shares bought must be paid for in full, with no selling on the same day.

Market cap: ₹272 Cr2,196th largest listed
P/E: 7.11
P/B: 0.59
Dividend yield: 0.42%
ROE: 8.4%
ROCE: −0.4%
Debt to equity: 0.28
Volume, NSE: 52,717

KCP Sugar and Industries Corporation's financial statements for the 10 years to Mar 2026, consolidated: the company and its subsidiaries together, with the twelve months to Jun 2026 after them.

10 years at a glance

₹ crore, years to March.KCP Sugar and Industries Corporation annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Peak revenue ₹558 Cr, year to Mar 2017; lowest ₹260 Cr, year to Mar 2026A loss in 1 of the 10 years shown

Operating and net margin, per cent

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue260
Materials and goods−182
Employee costs−34
Other expenses−44
Operating profit0.9
Depreciation−6.0
Other income+29
One-off items0.0
Finance costs−7.7
Profit before tax16
Tax−4.5
Net profit11

What the company owns

Plant, investments and other assets₹320 Cr
Inventory₹156 Cr
Current investments₹88 Cr
Receivables₹57 Cr
Cash and bank₹39 Cr

What pays for it: net worth and liabilities

Net worth₹460 Cr
Borrowings₹128 Cr
Other liabilities₹61 Cr
Owed to suppliers₹12 Cr

KCP Sugar and Industries Corporation business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them. A segment at a loss has no share of profit.KCP Sugar and Industries Corporation segment results by quarter

Revenue by segment

₹299 CrTotal

Sugar₹142 Cr47.4% of total
Engineering₹79 Cr26.3% of total
Others₹45 Cr15.1% of total
Power & Fuel₹20 Cr6.6% of total
Chemicals₹14 Cr4.6% of total

Profit by segment

Engineering₹24.6 Cr81.8% of total
Others₹4.2 Cr14.0% of total
Power & Fuel₹1.3 Cr4.2% of total

Segment results by year

Consolidated from the year to Mar 2020, standalone before, ₹ crore, years to March.

Sugar
Revenue, ₹ crore
320
360
276
260
200
272
171
142
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
28
−1
−9
8
−12
5
−10
−17
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Engineering
Revenue, ₹ crore
38
29
53
76
65
97
79
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
7
6
13
16
20
31
25
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Others
Revenue, ₹ crore
6
6
7
7
8
18
51
45
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
3
3
4
4
5
3
2
4
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Power & Fuel
Revenue, ₹ crore
52
38
23
24
24
26
21
20
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
8
6
3
5
4
3
0
1
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Chemicals
Revenue, ₹ crore
63
55
37
44
31
46
16
14
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
14
7
4
1
0
−1
−2
−3
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	442	496	373	388	339	428	357	299
Company revenue, as in its results	318	393	329	319	289	346	310	260
Revenue	320	360	276	260	200	272	171	142
Revenue growth	–	–	−23.3%	−5.8%	−23.1%	36.3%	−37.1%	−17.4%
Profit	28	−1	−9	8	−12	5	−10	−17
Margin	8.7%	−0.1%	−3.1%	3.2%	−5.8%	1.7%	−5.9%	−12.2%
Return on capital	18.1%	−0.4%	−9.5%	10.2%	−12.8%	7.6%	−12.3%	−27.2%
Assets	446	419	320	220	241	167	134	138
Liabilities	292	289	231	140	151	106	51	75
Capital employed	153	131	90	81	91	62	82	64
Revenue	–	38	29	53	76	65	97	79
Revenue growth	–	–	−23.4%	83.7%	43.0%	−14.7%	48.7%	−18.8%
Profit	–	7	6	13	16	20	31	25
Profit growth	–	–	−11.8%	109.2%	23.3%	27.9%	52.4%	−19.4%
Margin	–	18.2%	20.9%	23.8%	20.5%	30.8%	31.6%	31.3%
Return on capital	–	19.1%	15.1%	19.8%	21.6%	25.3%	32.8%	22.1%
Assets	–	53	64	95	101	113	131	153
Liabilities	–	17	23	31	28	34	38	42
Capital employed	–	36	40	64	72	79	93	111
Revenue	6	6	7	7	8	18	51	45
Revenue growth	–	–	21.3%	3.6%	10.3%	133.6%	182.8%	−12.2%
Profit	3	3	4	4	5	3	2	4
Profit growth	–	–	15.2%	10.5%	6.2%	−27.7%	−34.2%	94.6%
Margin	53.0%	59.9%	56.9%	60.7%	58.5%	18.1%	4.2%	9.3%
Return on capital	130.0%	51.1%	51.6%	37.3%	24.7%	5.9%	8.0%	14.4%
Assets	3	7	8	29	19	68	29	32
Liabilities	1	0	0	18	1	12	2	3
Capital employed	2	7	8	11	18	56	27	29
Revenue	52	38	23	24	24	26	21	20
Revenue growth	–	–	−38.0%	4.1%	−0.7%	8.3%	−19.0%	−7.2%
Profit	8	6	3	5	4	3	0	1
Profit growth	–	–	−56.3%	91.8%	−20.0%	−18.0%	−94.5%	616.0%
Margin	16.1%	15.5%	11.0%	20.2%	16.3%	12.3%	0.8%	6.4%
Return on capital	39.1%	27.0%	14.7%	34.7%	27.5%	19.9%	1.2%	8.9%
Assets	22	22	18	14	15	16	14	14
Liabilities	1	0	1	0	0	0	0	0
Capital employed	22	22	18	14	14	16	14	14
Revenue	63	55	37	44	31	46	16	14
Revenue growth	–	–	−31.5%	16.8%	−29.3%	47.9%	−64.2%	−15.2%
Profit	14	7	4	1	0	−1	−2	−3
Profit growth	–	–	−43.1%	−68.4%	–	–	–	–
Margin	21.6%	12.9%	10.7%	2.9%	−0.3%	−1.3%	−9.7%	−20.6%
Return on capital	84.8%	32.9%	18.7%	5.9%	−0.4%	−2.5%	−7.0%	−9.6%
Assets	19	24	24	24	22	25	23	31
Liabilities	3	2	2	2	1	1	1	1
Capital employed	16	21	21	21	20	24	23	30
Revenue	7	0	14	0	0	0	0	0
Profit	−9	0	0	0	17	8	5	0
Assets	152	150	220	223	234	279	289	291
Liabilities	82	77	83	99	78	78	78	80

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March. The last column is the twelve months to Jun 2026, the latest four quarters added.KCP Sugar and Industries Corporation quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 27 May	Jun 2026Twelve monthsFiled 12 Aug
Revenue from operations	558	357	359	393	329	319	289	346	310	260	279
	499	397	313	387	328	305	285	326	299	259	275
Materials and goods bought	324	311	214	305	261	227	205	252	219	182	193
Employee costs	49	–	43	36	38	32	34	35	36	34	34
Other expenses	127	–	56	45	29	46	47	39	43	44	47
Operating profit before depreciation	59	−41	47	5	0	14	4	19	12	1	4
Operating margin	10.6%	−11.4%	13.0%	1.3%	0.1%	4.4%	1.4%	5.6%	3.8%	0.3%	1.3%
Materials, % of revenue	58.0%	–	59.5%	77.8%	79.3%	71.1%	70.8%	73.0%	70.6%	69.9%	69.3%
Employee costs, % of revenue	8.7%	–	11.8%	9.3%	11.6%	10.0%	11.6%	10.1%	11.7%	13.0%	12.3%
Other expenses, % of revenue	22.7%	–	15.6%	11.6%	9.0%	14.5%	16.2%	11.3%	13.9%	16.8%	17.0%
Depreciation and amortisation	10	9	9	8	6	5	5	6	6	6	6
Operating profit after depreciation	50	−50	38	−3	−6	9	−1	13	6	−5	−2
Other income	10	62	16	14	48	16	68	69	27	29	56
Finance costs	9	15	20	22	24	20	14	11	9	8	9
Profit before one-off items and tax	50	−3	34	−11	17	5	52	71	23	16	45
One-off items	0	0	0	0	0	0	17	8	5	0	0
Profit before tax	50	−3	34	−11	17	5	69	79	28	16	45
	16	−15	18	−4	−6	2	12	13	14	4	7
Current tax	–	1	7	2	1	3	3	6	6	5	5
Deferred tax	–	−16	10	−6	−7	−1	9	7	7	0	2
Net profit	34	12	16	−6	23	4	57	66	14	11	38
Other comprehensive income	–	–	–	0	2	0	1	2	−1	−1	0
Total comprehensive income	–	–	–	−7	25	3	58	68	14	10	39
Net margin	6.1%	3.2%	4.5%	−1.6%	7.1%	1.1%	19.8%	19.1%	4.6%	4.3%	13.7%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2018 they do not, so they are left blank.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 27 May
	289	313	315	372	439	450	460
Share capital	11	11	11	11	11	11	11
Reserves	278	302	304	360	427	439	448
	226	240	190	185	147	99	128
Repayable after a year	74	93	72	44	33	33	36
Repayable within a year	152	147	117	141	114	66	92
	299	227	179	196	171	103	128
Trade payables	67	15	21	14	17	12	12
Other financial liabilities	71	52	9	11	15	8	7
Other liabilities	7	9	30	28	21	13	14
Provisions	3	2	2	2	1	2	1
Tax owed	1	1	1	–	3	2	2
	87	103	83	60	57	65	72
Other financial liabilities	1	1	1	1	1	1	1
Other liabilities	0	–	–	1	1	0	–
Provisions	10	10	10	11	11	13	18
Deferred tax	3	0	–	4	11	18	18
	676	643	578	628	666	619	660
Held for sale or for a demerger	–	8	8	4	2	–	–
	173	213	209	240	297	301	309
Plant in use, after depreciation	92	91	91	96	100	99	98
Plant being built	1	3	1	0	0	0	0
Intangible assets	1	0	0	0	0	0	1
Intangible assets being developed	0	0	0	1	1	1	0
Investments	75	109	104	139	191	195	205
Loans given	0	0	0	0	0	0	0
Other financial assets	0	–	1	1	1	1	1
Deferred tax	0	5	6	0	0	0	–
Other assets	5	4	5	4	4	5	4
	502	423	361	383	367	317	350
Inventories	345	262	215	230	205	133	156
Trade receivables	37	46	29	22	29	49	57
Cash and cash equivalents	9	4	18	37	23	20	15
Other bank balances	10	9	8	10	24	28	24
Current investments	66	69	76	71	73	78	88
Other financial assets	20	19	0	0	0	1	1
Tax paid in advance	0	–	–	3	0	0	–
Other assets	15	13	14	9	13	9	9
Net debt	140	157	87	66	27	−27	1

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 27 May
	17	114	6	42	48	−31
	18	117	13	42	51	−26
	10	86	−18	4	24	−37
Receivables	−9	17	7	−7	−19	−9
Inventories	83	46	−15	26	71	−22
Payables	−52	6	−7	3	−4	0
Other working capital	−12	17	−4	−17	−24	−6
Tax paid	1	−2	−7	0	−3	−5
Capital spending	17	4	9	7	5	5
Free cash flow	1	110	−3	36	42	−36
	−11	1	34	−7	3	6
Plant and property sold	2	0	21	10	8	0
Interest received	1	1	2	6	5	4
Dividends received	4	3	3	4	4	4
	−11	−102	−20	−50	−54	20
Borrowings raised	14	−81	−5	0	0	28
Borrowings repaid	0	0	0	−37	−42	0
Interest paid	−24	−20	−14	−11	−9	−8
Dividends paid	1	1	1	2	2	1
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	−5	14	20	−15	−3	−5

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.KCP Sugar and Industries Corporation dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 27 May
Earnings per share	₹3.00	₹1.07	₹1.44	−₹0.57	₹2.22	₹0.27	₹5.04	₹5.83	₹1.27	₹0.98
Diluted earnings per share	₹3.00	₹1.07	₹1.44	−₹0.57	₹2.22	₹0.27	₹5.04	₹5.83	₹1.27	₹0.98
Dividend per share	₹0.90	₹0.10	₹0.10	₹0.10	₹0.10	₹0.10	₹0.20	₹0.20	₹0.10	₹0.10
Book value per share	–	–	–	₹25.51	₹27.63	₹27.81	₹32.79	₹38.69	₹39.71	₹40.53
Dividend payout	30.0%	9.9%	7.0%	–	4.9%	31.7%	4.0%	3.4%	7.9%	10.2%
Shareholder yield	–	–	–	–	0.7%	0.4%	0.4%	0.6%	0.6%	0.4%
Market cap at the year end (₹ crore)	431	287	186	149	167	284	267	371	389	264

Ratios

Consolidated, years to March.KCP Sugar and Industries Corporation PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 27 May
Revenue growth	3.0%	−36.1%	0.7%	9.2%	−16.3%	−2.8%	−9.4%	19.5%	−10.2%	−16.3%
Operating profit growth	215.5%	–	–	−88.7%	−96.8%	8,093.4%	−70.4%	365.9%	−38.7%	−92.7%
Net profit growth	185.8%	−66.1%	41.9%	–	–	−84.6%	1,497.6%	15.8%	−78.3%	−22.6%
Earnings per share growth	–	−64.3%	34.6%	–	–	−87.8%	1,766.7%	15.7%	−78.2%	−22.8%
	–	–	–	−2.2%	7.7%	1.1%	16.6%	16.3%	3.2%	2.4%
	–	–	–	–	9.9 pts	−6.6 pts	15.5 pts	−0.3 pts	−13.1 pts	−0.8 pts
From the net margin	–	–	–	–	11.8 pts	−6.5 pts	18.9 pts	−0.5 pts	−12.4 pts	−0.2 pts
From asset turnover	–	–	–	–	−1.4 pts	0.1 pts	−1.7 pts	1.8 pts	−0.4 pts	−0.5 pts
From borrowing	–	–	–	–	−0.5 pts	−0.1 pts	−1.8 pts	−1.6 pts	−0.3 pts	−0.1 pts
Return on capital employed	–	–	–	−0.5%	−1.1%	1.7%	−0.2%	2.3%	1.0%	−0.9%
Cash conversion	–	–	–	–	74.9%	3,195.3%	11.0%	64.2%	332.2%	−277.5%
Interest cover	5.7	–	1.9	–	–	0.4	–	1.2	0.6	–
Debt to equity	–	–	–	0.78	0.77	0.60	0.50	0.33	0.22	0.28
Receivable days	–	–	–	35	51	33	28	31	57	81
Inventory days	–	–	–	412	366	346	411	296	222	313
Payable days	–	–	–	80	21	34	25	24	20	24
Cash conversion cycle, days	–	–	–	367	397	346	414	302	259	370
Working capital days	–	–	–	250	290	225	265	201	181	264
Asset turnover	–	–	–	0.58	0.50	0.52	0.48	0.53	0.48	0.41
Assets per rupee of net worth	–	–	–	2.34	2.19	1.94	1.75	1.60	1.44	1.41
Sales per rupee of plant	–	–	–	4.28	3.61	3.49	3.03	3.45	3.14	2.64
Capital spending to depreciation	–	–	–	–	2.64	0.84	1.65	1.16	0.89	0.88
Plant being built, % of plant in use	–	–	–	1.2%	2.9%	1.1%	0.1%	0.0%	0.3%	0.0%

Interest cover is left blank for the years to Mar 2018, Mar 2020, Mar 2021, Mar 2023 and Mar 2026: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 1.7%
Cash from operations against operating profit: −3,580.6%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	−7.1%	−4.6%	−3.5%
Profit growth, yearly rate	−0.7%	−13.7%	−42.0%
Return on equity, average	–	8.0%	7.3%
Return on capital employed, average	–	0.8%	0.8%
Operating margin, average	2.9%	3.1%	3.2%
Net margin, average	6.8%	9.8%	9.4%
Asset turnover, average	–	0.49	0.47
Cash conversion cycle, days, average	–	338	310
Interest cover, average	–	–	0.9
Debt to equity, average	–	0.39	0.28

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	180	59	−31
Cash from investing	37	2	6
Cash from financing	−207	−85	20
Capital spending	31	17	5
Dividends paid	8	6	1
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	–	28	28
Borrowings repaid	79	79	0

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	–	8	7	7	6	3
Altman Z-scorePublished threshold 1.81	–	–	–	1.80	2.05	2.46	2.69	3.20	3.49	2.66
Beneish M-scorePublished threshold −1.78	–	–	–	–	−1.16	−3.78	−2.58	−1.99	−2.04	−2.14
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	2.54	−18.28	2.84	4.76	−5.72	5.62
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	1.64	1.29	0.70	0.65
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	–	41.05	−33.91	−15.13	12.58	76.70	34.32
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	–	−9.44	−4.79	16.76	−34.42	−21.69	33.94
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	–	−0.93	−5.69	−0.29	0.07	−1.26	0.37
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	0.46	0.17	0.01	0.00	0.06	0.00
Effective tax ratePublished threshold 17.16 per cent	32.69	–	51.93	–	−36.16	30.47	17.48	16.45	48.62	28.61
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	−13.61	7.38	15.90	38.45	−3.45

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
5 Oct 2026	CARE Ratings Limited	Fixed DepositLong-term scale	CARE A-Review, Re-affirm	Stable	91.22
5 Oct 2026	CARE Ratings Limited	Fund-based - LT-Cash CreditLong-term scale	CARE A-Review, Re-affirm	Stable	70
5 Oct 2026	CARE Ratings Limited	Non-fund-based - ST-Bank GuaranteeShort-term scale	CARE A2+Review, Re-affirm		4.09
5 Oct 2026	CARE Ratings Limited	Fund-based - LT/ ST-Working Capital Demand loanLong and short-term scales	CARE A- / CARE A2+Review, Re-affirm	Stable	65
5 Oct 2026	CARE Ratings Limited	Fund-based - ST-Working Capital Demand loanShort-term scale	CARE A2+Review, Re-affirm		50
7 Oct 2025	CARE Ratings Limited	Term Loan-Long Term	WithdrawnReview, Other

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.