What does Sri Chamundeswari Sugars Limited do?

Sri Chamundeswari Sugars Limited is engaged in sugar manufacturing based in Karnataka. The company's operating revenues are in the range of ₹100 Cr to ₹500 Cr, indicating a mid-scale sugar producer that likely also produces by-products such as molasses and bagasse, with possible ethanol operations given industry trends.

When was Sri Chamundeswari Sugars incorporated?

The company was incorporated in 1970 and is registered under CIN U15435KA1970PLC001974 as a public limited company in Karnataka.

What is the revenue scale of Sri Chamundeswari Sugars?

Sri Chamundeswari Sugars Limited has operating revenues in the range of ₹100 Cr to ₹500 Cr for the financial year ending March 31, based on available disclosures, placing it among mid-scale sugar manufacturers in Karnataka.

What is the share price of Sri Chamundeswari Sugars?

The unlisted share price of Sri Chamundeswari Sugars Limited is approximately ₹20 per share.

How do I buy Sri Chamundeswari Sugars unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

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Is there a minimum ticket size for Sri Chamundeswari Sugars?

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What KYC do I need, and do I need a demat account?

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Are there lock-ins on unlisted or pre-IPO shares?

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How do I sell Sri Chamundeswari Sugars shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

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Sri Chamundeswari Sugars Unlisted Share Price | Buy Sri Chamundeswari Sugars Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Sri Chamundeswari Sugars Unlisted Share Price | Buy Sri Chamundeswari Sugars Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Sri Chamundeswari Sugars Limited (CIN: U15435KA1970PLC001974) is a ₹633 Cr integrated sugar company promoted by Dr. N. Mahalingam of the Sakthi Group, incorporated in 1970 and operational since 1974 at K.M. Doddi, Maddur, Mandya District — Karnataka's sugarcane belt. The company operates across the full sugar value chain: white sugar, molasses, industrial alcohol, bagasse, and press mud. Despite scale, FY2024 showed near-flat revenue growth (1% CAGR) and declining EBITDA (-3% CAGR), reflecting India's regulated sugar sector challenges. The distillery unit positions it for India's ethanol blending programme — the key medium-term growth catalyst.

Pros

Revenue ₹633 Cr FY2024 — large integrated sugar company in Karnataka
Part of Sakthi Group (Dr. N. Mahalingam) — established South Indian industrial conglomerate with deep sugar sector expertise
Integrated operations: white sugar + molasses + bagasse + press mud + industrial alcohol — full value chain capture
Factory in Mandya District, Karnataka — Mandya is Karnataka's sugarcane heartland
55 years of operating history (since 1970 incorporation, 1974 production start)
Paid-up ₹30.20 Cr against ₹633 Cr revenue — very high asset-efficiency

Cons

Revenue CAGR only 1% — near-stagnant revenue growth in FY2024
EBITDA CAGR -3% — declining operational profitability despite flat revenue
Sugar sector is heavily regulated (FRP/SAP pricing, state intervention, export restrictions)
Unlisted — no secondary market despite ₹633 Cr revenue scale
Seasonal crushing-dependent business model — highly concentrated Q2/Q3 revenue
Mandya sugarcane yields are vulnerable to drought and Karnataka's erratic rainfall patterns

Business Segments

White sugar — manufacture and sale in India and international markets

Molasses — by-product of sugar manufacturing; used for alcohol/ethanol production

Bagasse — fibrous sugarcane residue; used for co-generation/paper

Press mud — filter cake by-product from clarification; used as organic fertiliser

Industrial alcohol — distillery operations leveraging molasses

Revenue Model

Revenue is primarily generated through the sale of sugar and by-products including molasses and bagasse. The company likely earns additional income from ethanol production if it has distillery capacity, consistent with government ethanol blending programs. Revenue is highly seasonal, tied to the sugarcane crushing season (October to April).

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Government's ethanol blending program (EBP) targeting 20% blending by 2025 creates new revenue streams for sugar mills with distillery capacity

Rising domestic sugar consumption driven by population growth and food processing industry demand

Industry Tailwinds

Government's ethanol blending program (EBP) targeting 20% blending by 2025 creates new revenue streams for sugar mills with distillery capacity

Recent Developments

FY2024: Revenue ₹633 Cr (+1% CAGR); EBITDA CAGR -3% — revenue stable but margin erosion

Listed on screener.in as SRICHAMUND — possible BSE/NSE listing or unlisted-with-ISIN status

Integrated distillery leveraging molasses for India's ethanol blending programme — potential growth lever

Comparable Companies

CompanyTypeTickerMkt Cap

Shree Renuka Sugars LimitedListedRENUKA8000 Cr

Ugar Sugar Works LimitedListedUGARSUGAR300 Cr

Shree Renuka Sugars LimitedListed

RENUKA · 8000 Cr

Ugar Sugar Works LimitedListed

UGARSUGAR · 300 Cr

Frequently Asked Questions

About Sri Chamundeswari Sugars

Sri Chamundeswari Sugars Limited is a Karnataka-based sugar manufacturing company incorporated on December 14, 1970, part of the Sakthi Group — one of South India's most prominent agribusiness conglomerates based in Coimbatore. The company is registered in Bengaluru and operates a sugar mill with a crushing capacity of 5,000 tonnes of cane per day (TCD). Sri Chamundeswari Sugars is engaged in the manufacture of sugar, likely with integrated operations including molasses, bagasse utilization, and potentially co-generation of power from sugarcane bagasse — standard practice for modern sugar mills seeking operational efficiency and additional revenue streams. The company reported revenue of Rs 633 crore in FY2024 with 630 employees, reflecting a well-established mid-sized sugar operation. Karnataka's sugar industry is centered in the northern districts where sugarcane cultivation is extensive, including Mandya, Mysore, Belgaum, Bagalkot, and Hassan. Chamundeswari's Karnataka focus leverages the state's robust sugarcane cultivation ecosystem. The Sakthi Group connection provides significant institutional strength. Sakthi Group, led by the Mahalingam family from Coimbatore, operates one of India's largest sugar and agribusiness conglomerates spanning sugar mills, distilleries, logistics, and financial services. This group parentage provides management expertise, procurement networks, and access to capital for Chamundeswari's operations. India's sugar industry has undergone significant regulatory evolution with the implementation of SAP (State Advised Price) for sugarcane, mandatory export quotas, and ethanol blending policies that increasingly use sugar molasses and sugarcane juice. The ethanol blending program (targeting 20% by 2025) creates significant additional revenue opportunities for sugar companies with distillery capabilities.

Key Milestones

1970 — Incorporated as Sri Chamundeswari Sugars Limited, ROC Bengaluru, promoted by Dr. N. Mahalingam (Sakthi Group)

Common questions about unlisted shares

How do I buy Sri Chamundeswari Sugars unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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