About Parvati Sweeteners & Power
Established in 2011, Parvati Sweeteners and Power Limited (PSPL) is a micro-cap sugar company operating a 2500-ton-per-day plant in Gwalior, Madhya Pradesh. Part of the LNCT Group, its business model integrates sugar manufacturing with bagasse-based power cogeneration.
The company’s financial profile is defined by stability over growth. With a market cap of ₹106 Crores, a strong promoter holding of 66.00%, and a low Debt-to-Equity ratio of 0.28, it avoids the severe distress seen in some peers. However, it struggles with core profitability, evidenced by a negative ROE of -6.66% and a negative P/E of -16.86. Its share price of ₹7.08 trades in a narrow band, reflecting its status as a small, regional operator with limited volatility but also limited upward momentum. The total absence of institutional investor holdings underscores its lack of appeal to the broader market.
Table of Contents
Share Price Target Table (2026 – 2050)
| Year | Projected Price Range (₹) |
|---|---|
| 2026 | ₹6.50 – ₹9.00 |
| 2027 | ₹7.00 – ₹10.50 |
| 2028 | ₹8.00 – ₹12.50 |
| 2029 | ₹9.00 – ₹14.50 |
| 2030 | ₹10.00 – ₹17.00 |
| 2035 | ₹15.00 – ₹30.00 |
| 2040 | ₹23.00 – ₹55.00 |
| 2045 | ₹34.00 – ₹100.00 |
| 2050 | ₹52.00 – ₹180.00 |
Financial Health & Shareholding
Fundamental Snapshot & Analysis
- Market Cap: ₹106 Cr (Micro-Cap) | Current Price: ~₹7.08
- ROE: -6.66% | Book Value/Share: ₹6.37 (Trading slightly above book at P/B of 1.11)
- P/E Ratio: -16.86 | Debt to Equity: 0.28 (Low leverage is a key strength)
- Promoter Holding: 66.00% | DII/FII Holding: 0.00%
The Bull Case (Path to Upper Targets):
The path forward is narrow and requires a fundamental shift:
- Achieve consistent annual profitability to fix the negative ROE and EPS.
- Improve operational efficiency at its Gwalior plant to boost margins.
- Potentially diversify into ethanol production to capitalize on government policies and add a revenue stream.
- Maintain its low-debt, high-promoter-holding structure to provide investor confidence during the turnaround.
The Bear Case (Risk of Stagnation):
The more likely scenario without significant change:
- Continued cyclical profitability, swinging between small profits and losses based on sugar seasons.
- Limited growth potential due to its fixed 2500 TCD capacity and lack of announced expansion plans.
- Perpetual micro-cap illiquidity, with low trading volumes and minimal institutional interest.
- A “value trap” scenario, where the stable promoter holding and low debt prevent a collapse, but the absence of growth prevents significant price appreciation.
Shareholding Pattern: A Double-Edged Sword
| Category | Holding % (Sep ’25) |
|---|---|
| Promoters | 66.00% |
| Retail & Others | 34.00% |
Peer Comparison
| Company | Market Price (₹) | P/E Ratio | Note |
|---|---|---|---|
| EID Parry (India) | ~1,011.20 | 8.21 | Giant with diversified agri-business. |
| Balrampur Chini Mills | ~438.55 | 21.89 | Benchmark for efficiency at scale. |
| Triveni Eng. | ~381.20 | 32.95 | Large scale with engineering synergy. |
| Shree Renuka Sugars | ~26.34 | -7.54 | Loss-making but part of a global giant. |
| Parvati Sweeteners | ~7.08 | -16.86 |
Related Article:
- Davangere Sugar Company Share Price Target 2026 to 2050 – Long-Term Forecast & Analysis
- Shree Hanuman Sugar Share Price Target 2026 -2050: Long-Term Forecast & Analysis
- Kesar Enterprises Share Price Target 2026 to 2050: Long-term Analysis and Forecast
- Vishwaraj Sugar Share Price Target 2026 to 2050: Long-term Analysis & Forecast
Frequently Asked Questions (FAQs)
Q1: Is Parvati Sweeteners a good long-term investment?
A1: It is a low-growth, speculative turnaround bet. It is not a “good buy” for investors seeking growth. It might appeal to very patient, value-oriented investors who believe in the high promoter commitment and are betting on a eventual return to steady, if unspectacular, profits. The risk of permanent stagnation is high.
Q2: What is the most important thing to watch in the coming years?
A2: Yearly Net Profit/Loss. Investors must watch for the company to break its cycle of volatile profits and report consistent annual net profits. The transition from a negative P/E to a stable, positive P/E is the critical milestone.
Q3: What are the implications of having zero institutional holding?
A3: It means the stock lacks the validation, research coverage, and buying support of mutual funds, insurance companies, or FPIs. This often leads to lower liquidity, higher volatility, and can be a sign that the company’s growth prospects are not visible to professional analysts.
Q4: How to buy Parvati Sweeteners shares?
A4: The stock is listed on the Bombay Stock Exchange (BSE) under the symbol 541347. It can be purchased through any stockbroking account.
Final Strategic Outlook
Parvati Sweeteners & Power represents a case of “stable stagnation.” Its high promoter holding and low debt prevent a crisis, but its lack of scale, profitability, and institutional interest prevent a growth story.
- The Optimistic View: If management can steer the company to consistent profitability and perhaps add an ethanol division, the stock could see a gradual, multi-year re-rating to the upper targets.
- The Realistic View: The company may continue to operate as a small, regional sugar producer with cyclical earnings, resulting in a share price that largely moves between ₹6 and ₹11 for the foreseeable future.
For the Investor: This stock is primarily suitable for those with a very long-term horizon, a high tolerance for illiquidity, and a belief in the eventual mean-reversion of even small, unprofitable companies to profitability. For most, it is an easy pass.