Rajshree Sugars & Chemicals logo

Rajshree Sugars & Chemicals financials: balance sheet, profit and loss, cash flow

NSE: RAJSREESUGBSE: 500354Agricultural Food & other ProductsSmall Cap

Rajshree Sugars & Chemicals Limited · Face value ₹10 · Listed Jan 1990 on BSE, Mar 1995 on NSE
Last close ₹26.74up ₹0.56 (2.14%)BSE ₹26.98

Share price at the NSE close on 27 Oct 2026. Previous close ₹26.18.

27 Oct: open ₹26.08, high ₹27.60, low ₹26.08

52-week range of traded prices to 27 Oct 2026
₹24.65Low, 23 Mar 2026₹42.48High, 11 Dec 2025
Market cap
₹89 Cr2,894th largest listed
P/E
Lossover the last 12 months
P/B
0.34
Dividend yield
Nonein the last 12 months
ROE
−3.1%
ROE without one-offs
−2.3%
ROCE
0.9%
Debt to equity
1.26
Volume, NSE
44,73061.1% delivered

Rajshree Sugars & Chemicals' financial statements for the 10 years to Mar 2026, standalone: the listed company alone, without its subsidiaries, with the twelve months to Jun 2026 after them.

10 years at a glance

₹ crore, years to March.Rajshree Sugars & Chemicals annual reports

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
66830Mar 17562−13Mar 18399−42282Mar 19327−49205Mar 20364−17386Mar 21468−3.2427Mar 22767−9.0400Mar 2376414392Mar 246428.1299Mar 255451.1331Mar 26
Peak revenue ₹767 Cr, year to Mar 2023; lowest ₹327 Cr, year to Mar 2020A loss in 6 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin
21.1%−15.1%21.1%6.1%3.6%2.7%7.6%6.8%6.8%7.3%6.0%6.9%4.5%−2.2%−10.5%−15.1%−4.6%−0.7%−1.2%1.8%1.3%0.2%Mar 17Mar 19Mar 21Mar 23Mar 25Mar 26

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 0.6% of operating profit in the first full year.

Results for the year to Mar 2026

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue545
  2. Materials and goods−377
  3. Employee costs−48
  4. Other expenses−82
  5. Operating profit37
  6. Depreciation−23
  7. Other income+4.3
  8. One-off items−2.0
  9. Finance costs−14
  10. Profit before tax1.9
  11. Tax−0.8
  12. Net profit1.1

What the company owns

  • Plant, investments and other assets₹511 Cr
  • Inventory₹164 Cr
  • Receivables₹23 Cr
  • Cash and bank₹7 Cr

What pays for it: net worth and liabilities

  • Borrowings₹331 Cr
  • Net worth₹263 Cr
  • Owed to suppliers₹65 Cr
  • Other liabilities₹47 Cr

Rajshree Sugars & Chemicals business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Standalone, ₹ crore, as the company reports them. A segment at a loss has no share of profit.Rajshree Sugars & Chemicals segment results by quarter

Revenue by segment

₹643 CrTotal
  • Sugar₹437 Cr68.1% of total
  • Distillery₹128 Cr20.0% of total
  • Cogeneration₹77 Cr12.0% of total

Profit by segment

  • Distillery₹20.3 Cr34.3% of total
  • Cogeneration₹38.9 Cr65.7% of total

Segment results by year

Standalone, ₹ crore, years to March.

  • Sugar

    Revenue, ₹ crore
    Profit, ₹ crore

  • Distillery

    Revenue, ₹ crore
    Profit, ₹ crore

  • Cogeneration

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue of all businesses433358411533858868738643
Company revenue, as in its results399327364468767764642545
Revenue284246266359630607526437
Revenue growth–−13.2%7.8%35.1%75.6%−3.7%−13.4%−16.8%
Profit−60−32−30−35−47−59−32−27
Margin−21.1%−13.1%−11.2%−9.6%−7.4%−9.8%−6.1%−6.2%
Return on capital–––−35.6%−50.3%−47.2%−49.8%−36.4%
Assets442401402701587574472507
Liabilities538532511603494449408432
Capital employed−96−131−10897931266575
Revenue1028599103129148130128
Revenue47274672981138277
000–––00
Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Jun 2026, the latest four quarters added.Rajshree Sugars & Chemicals quarterly results

₹ croreMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Filed 4 SepMar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 20 MayJun 2026Twelve monthsFiled 20 Jul
Revenue from operations668562399327364468767764642545557
527528385319336436715708603507528
Materials and goods bought401397288234255331568553471377399
Employee costs36–343331343950474848
Other expenses90–62515071108105848281
Operating profit before depreciation1413414928325256393729
Operating margin21.1%6.1%3.6%2.7%7.6%6.8%6.8%7.3%6.0%6.9%5.2%
Materials, % of revenue60.0%–72.2%71.4%70.0%70.8%74.0%72.4%73.4%69.2%71.7%
Employee costs, % of revenue5.4%–8.6%10.2%8.6%7.2%5.1%6.5%7.4%8.9%8.7%
Other expenses, % of revenue13.5%–15.6%15.7%13.8%15.1%14.0%13.7%13.1%15.1%14.5%
Depreciation and amortisation2625252524242424232323
Operating profit after depreciation1159−10−1638283215145
Other income223310127131244
Finance costs7160585829221424161415
Profit before one-off items and tax46−49−65−70−16−32121114−5
One-off items–220000000−2−2
Profit before tax46−27−65−70−16−32121112−7
16−14−23−2111307311
Net profit30−13−42−49−17−3−91481−8
Other comprehensive income––0−11234−10−100
Total comprehensive income––−42−50−16231−101471−8
Net margin4.5%−2.2%−10.5%−15.1%−4.6%−0.7%−1.2%1.8%1.3%0.2%−1.4%
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.
Earlier years, Mar 2008 to Mar 2016
₹ croreMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016
Revenue from operations335359534617709841830577571
310283395562617722766566532
Materials and goods bought246215303464512572625448415
Employee costs181921242732343534
Other expenses46497174791181078382
Operating profit before depreciation25761395592119641239
Operating margin7.5%21.2%26.1%8.9%12.9%14.2%7.7%2.0%6.9%
Materials, % of revenue73.4%59.8%56.6%75.2%72.2%67.9%75.4%77.6%72.7%
Employee costs, % of revenue5.3%5.4%4.0%3.9%3.7%3.8%4.0%6.0%6.0%
Other expenses, % of revenue13.7%13.6%13.3%12.0%11.1%14.1%12.9%14.3%14.4%
Depreciation and amortisation111423232634353026
Operating profit after depreciation156311732668529−1813
Other income4––496673
Finance costs142647546279736565
Profit before one-off items and tax–3769−181312−39−76−48
One-off items–−2−4–−150––28
Profit before tax53465−18−212−39−76−21
Tax−11222−601−12−24−6
Net profit−52243−37−210−27−53−14
Net margin−1.4%6.2%8.1%−6.0%−0.2%1.2%−3.2%−9.1%−2.5%
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020Mar 2021Filed 4 SepMar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 20 May
904031261251265264263
Share capital2828283333333333
Reserves62112228218232231230
282205386427400392299331
441500343288186228150199
212140301389381312273244
743680674938819806687706
550546489668616585530500
194134185226202221157205
Net debt278200384424398387298324
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 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March.

₹ croreMar 2021Filed 4 SepMar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 20 May
1824163983−20
1822163883−20
−16−20−39−2839−57
Receivables140−6661
Inventories−50−6129−2355−47
Payables−418−27−17−23−26
Other working capital2322−357114
Tax paid020100
Capital spending114454
Free cash flow1723123478−24
19847−3189
−40−31−63−32−10417
Dividends paid000000
Shares bought back000000
Shares issued000000
Net change in cash−30−13−46
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.

Per share

Standalone, ₹ per share, years to March.Rajshree Sugars & Chemicals dividend history

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Filed 4 SepMar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 20 May
Earnings per share₹10.72−₹4.47−₹14.85−₹17.52–−₹0.96−₹2.71₹4.15₹2.44₹0.34
Diluted earnings per share₹10.72−₹4.47−₹14.85−₹17.52–−₹0.96−₹2.71₹4.15₹2.44₹0.34
Dividend per share₹1.00–––––––––
Book value per share––₹31.88₹14.04₹10.83₹78.80₹75.87₹79.96₹79.72₹79.35
Dividend payout9.4%–––––––––
Shareholder yield––––0.0%0.0%0.0%0.0%0.0%0.0%
Market cap at the year end (₹ crore)1748559405010812919312794
Earnings per share is left blank for the year to Mar 2021: the earnings per share stated does not match any profit the filing states over the shares in issue, and the share count barely moved during the period.

Ratios

Standalone, years to March.Rajshree Sugars & Chemicals PE ratio and valuation

RatioMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Filed 4 SepMar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 20 May
Revenue growth16.9%−15.9%−28.9%−18.0%11.0%28.6%64.0%−0.4%−16.0%−15.1%
Operating profit growth257.2%−75.8%−57.7%−39.0%216.9%15.2%62.9%6.9%−30.4%−3.2%
Net profit growth––––––––−41.2%−86.0%
Earnings per share growth––––––––−41.2%−86.1%
––−46.6%−76.3%−47.8%−2.2%−3.5%5.3%3.1%0.4%
–––−29.7 pts28.5 pts45.7 pts−1.3 pts8.8 pts−2.3 pts−2.6 pts
From the net margin–––−20.4 pts53.0 pts40.8 pts−1.6 pts8.9 pts−1.6 pts−2.6 pts
From asset turnover–––9.6 pts−3.9 pts−0.6 pts−1.9 pts0.4 pts−0.3 pts0.0 pts
From borrowing–––−18.9 pts−20.6 pts5.4 pts2.1 pts−0.5 pts−0.4 pts0.0 pts
Return on capital employed––−2.8%−6.6%0.8%1.1%4.3%4.9%2.7%2.4%
Cash conversion–––––––280.2%1,025.1%−1,748.6%
Interest cover1.60.1––0.10.42.01.41.01.0
Debt to equity––3.145.1912.651.631.591.481.131.26
Receivable days––5748292417151416
Inventory days––1441131751969611390159
Payable days––21823020518087787063
Cash conversion cycle, days––−17−69−140265034112
Working capital days––−166−339−74−2016321860
Asset turnover––0.540.460.540.580.870.940.860.78
Assets per rupee of net worth––8.2711.0019.335.533.433.152.822.64
Sales per rupee of plant––0.790.680.850.761.301.341.231.10
Capital spending to depreciation––––0.060.030.170.180.190.17
Plant being built, % of plant in use––0.4%0.2%0.3%0.1%0.1%0.2%0.2%0.2%
Interest cover is left blank for the years to Mar 2019 and Mar 2020: 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 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2026.

Return on assets, latest year
0.2%
Cash from operations against operating profit
−53.0%
Measure10 years5 years3 years
Revenue growth, yearly rate−0.5%8.4%−10.8%
Return on equity, average–0.6%2.9%
Return on capital employed, average–3.1%3.3%
Operating margin, average7.5%6.8%6.7%
Net margin, average−2.6%0.3%1.1%
Asset turnover, average–0.810.86
Cash conversion cycle, days, average–5265
Interest cover, average–1.11.1
Debt to equity, average–1.421.29

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore5 years3 yearsLatest year
Cash from operations141102−20
Cash from investing77239
Cash from financing−213−12017
Capital spending17134
Dividends paid000
Shares bought back000
Shares issued for cash000
Borrowings raised–3232
Borrowings repaid1211060

Accounting checks

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

CheckMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9––765854
Altman Z-scorePublished threshold 1.810.28−0.170.380.921.611.741.731.44
Beneish M-scorePublished threshold −1.78––−3.01−2.31−2.47−2.99−3.35−2.58
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets––−7.91−4.29−8.11−2.65−12.391.78
Cash from operations to profit, 3 yearsPublished threshold 0.7 times–––––48.2710.644.42
Receivables growth less revenue growthOur threshold 0 percentage points–−13.84−42.99−24.19−44.21−15.49−4.5310.58
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–−17.0459.5114.95−87.7018.07−17.1660.52
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–−0.195.16−3.550.02−0.250.10−0.53
Assets under construction, years of additionsOur threshold 2 years of additions–0.34–0.000.230.37––
Effective tax ratePublished threshold 17.16 per cent––––143.2634.6826.9540.74
Tax charged less tax paid, % of profitOur threshold 10 percentage points––––141.3430.8723.3818.88
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.

DateAgencyBorrowing ratedRatingOutlookAmount, ₹ Cr
4 Aug 2026CRISIL Ratings LimitedBank FacilitiesCrisil BBReview, UpgradeStable12.01
19 Nov 2025ICRA LimitedFund-based-Cash credit[ICRA]D ISSUER NOT COOPERATINGReview, Other82.84
19 Nov 2025ICRA LimitedFund-based-Term loan[ICRA]D ISSUER NOT COOPERATINGReview, Other334.42
The latest rating on each borrowing. The agency's name opens its reasoning for the rating.