Key Metrics of The Andhra Sugars Limited
About The Andhra Sugars Limited
Sectors
Company details
- Registered office
- 37-10-364venkatarayapuram, West Godavari, Tanuku (mdl), Andhra Pradesh, India,, Tanuku, In-ap, 534215
- Listed
- NSE: ANDHRSUGAR · ₹78.57
Operational Areas of The Andhra Sugars Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 08 Oct 2026 | ICRA | Reaffirmed | A+ | A1+ | Stable | ₹160 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Diversified business profile
ASL is a diversified manufacturer with presence across chlor-alkali and its derivatives, industrial chemicals, pharmaceutical products, rocket propellants, power generation and sugar and allied activities.
+ Comfortable financial risk profile with healthy capital structure and coverage metrics
ASL’s capital structure remains robust, with negligible debt at both the standalone and consolidated levels as on March 31, 2026.
Credit challenges
− Exposed to volatility in ECU realisation
The chlor-alkali segment remains exposed to the volatility in ECU realisations, which are influenced by global and domestic demand-supply conditions, caustic soda prices, negative chlorine realisations and fluctuations in power and salt costs.
Could lead to an upgrade
The ratings may be upgraded if there is a significant improvement in the consolidated revenue and profitability amid a healthy capital structure and coverage indicators.
Could lead to a downgrade
Pressure on the ratings could arise if the revenue or profitability declines on a sustained basis, or if any stretch in the working capital cycle impacts the
Agency-reported financials (ICRA, 08 Oct 2026)
| Metric | FY2025 | FY2026 | Q1 FY2027 |
|---|---|---|---|
| Operating income | ₹2,020 Cr | ₹2,466 Cr | ₹627 Cr |
| PAT | ₹32.80 Cr | ₹92.50 Cr | ₹47.70 Cr |
| OPBDIT/OI | 5.2% | 8.4% | 11.7% |
| PAT/OI | 1.6% | 3.8% | 7.6% |
| Total outside liabilities/Tangible net worth (times) | 0.20× | 0.20× | — |
| Total debt/OPBDIT (times) | 0.10× | 0.00× | — |
| Interest coverage (times) | 52.40× | 84.00× | — |
| Revenue growth (YoY) | — | 22.1% | — |
| EBITDA (margin × income) | ₹105 Cr | ₹207 Cr | ₹73.37 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹10.50 Cr | ₹0.00 Cr | — |
| Implied interest cost (EBITDA ÷ coverage) | ₹2.00 Cr | ₹2.47 Cr | — |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| capital facilities | Other | ₹50.0 Cr | ₹50.0 Cr | 0.0% | A+ (Stable) | Reaffirmed | ICRA |
| Unallocated | Other | ₹50.0 Cr | ₹25.0 Cr | −50.0% | A+ (Stable) | Reaffirmed | ICRA |
| Working capital facilities | Working capital & bank lines | ₹47.1 Cr | ₹75.0 Cr | 59.2% | A1+ | Reaffirmed | ICRA |
| Unallocated limits | Other | ₹12.9 Cr | ₹10.0 Cr | −22.5% | A1+ | Reaffirmed | ICRA |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 82% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 82% chance the next rating action is stable or better
- Current rating A+ (investment grade)
- Interest coverage 84×
- ₹35 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
It maintains a strong liquidity position, evident from the liquid investments and free cash balances of ~Rs. 418.5 crore on a consolidated basis and ~Rs. 362.7 crore on a standalone basis as on March 31, 2026, along with the significant unutilised working capital limits.
From the report
ASL hasn’t experienced/reported any incident suggestive of safety lapses at its manufacturing facilities over the past several years and its ability to maintain the manufacturing controls would be a monitorable. www.icra.in Sensitivity Label : Public Page |2 Liquidity position: strong ASL’s liquidity position remains strong, supported by standalone cash and liquid investments of ~Rs. 362.7 crore and consolidated cash and liquid investments of ~Rs. 418.5 crore as on March 31, 2026.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of The Andhra Sugars Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Rana Sugars Limited | Discovered Companies · Other Industries | — | — | Chandigarh, India |
 Shree Renuka Sugars |
Discovered Companies · Other Industries | renukasugars.com | 1998 | Belagavi, India |
| Bajaj Hindusthan Sugar Limited | Discovered Companies · Other Industries | — | — | Golagokaranath, Uttar Pradesh, India |
| Dhampur Sugar Mills Limited | Discovered Companies · Other Industries | — | — | Dhampur, Uttar Pradesh, India |
| Dalmia Bharat Sugar And Industries Limited | Discovered Companies · Other Industries | — | — | Tiruchirappalli, Tamil Nadu, India |
| Avadh Sugar & Energy Limited | · Manufacturing (Food stuffs) | — | — | Sitapur, Uttar Pradesh, India |
| Bannari Amman Sugars Limited | Discovered Companies · Other Industries | — | — | Coimbatore, Tamil Nadu, India |
| Uttam Sugar Mills Limited | Discovered Companies · Other Industries | — | — | Roorkee, Uttarakhand, India |
| Dwarikesh Sugar Industries Limited | Discovered Companies · Other Industries | — | — | Bijnore, Uttar Pradesh, India |
| The Ugar Sugar Works Ltd | Discovered Companies · Other Industries | — | — | Sangli, Karnataka, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.