Faran Sugar Mills Limited (FRSM) valuation

At Rs 40.57 (close on 15 Oct 2026) FRSM trades at 4.0× earnings (TTM to Jun 2026), below its five-year average of 19.0× and below the Sugar & Allied Industries median of 10.0×. The shares are priced at 0.74× book value (sector median 0.79×). Enterprise value of Rs 4.2 bn is 4.4× EBITDA.

P/E · today: 4.0×; TTM to Jun 2026; 5-yr average19.0× Sector median10.0×
P/B · today: 0.74×; Quarter to Jun 2026; 5-yr average0.81× Sector median0.79×
EV/EBITDA · today: 4.4×; 5-yr average8.2× Sector median4.7×
Dividend yield · today: 0.0%; FY2025; 5-yr average1.0% Payers' median5.0%

Market value Rs 1.6 bn at Rs 40.57. Sector medians use the latest close of 28 Sugar & Allied Industries companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average

Valuation history

At each fiscal year-end price.

FRSM valuation history (annual) (Rs mn)
Rs mn	FY2025 Oct 2024 – Sep 2025	FY2024 Oct 2023 – Sep 2024	FY2023 Oct 2022 – Sep 2023	FY2022 Oct 2021 – Sep 2022	FY2021 Oct 2020 – Sep 2021	FY2020 Oct 2019 – Sep 2020	FY2019 Oct 2018 – Sep 2019	FY2018 Oct 2017 – Sep 2018	FY2017 Oct 2016 – Sep 2017	FY2016 Oct 2015 – Sep 2016	FY2015 Oct 2014 – Sep 2015	FY2014 Oct 2013 – Sep 2014	FY2013 Oct 2012 – Sep 2013	FY2012 Oct 2011 – Sep 2012	FY2011 Oct 2010 – Sep 2011	FY2010 Oct 2009 – Sep 2010	FY2009 Oct 2008 – Sep 2009	FY2008 Oct 2007 – Sep 2008
Market capitalisation	2,165.6	1,100.3	1,525.4	1,312.9	1,021.3	1,250.3	912.8	1,875.5	1,977.3	3,603.8	2,000.6	925.8	779.7	584.6	420.0	402.7	368.1	356.2
Enterprise value	4,738.2	6,463.7	3,493.8	5,311.3	4,154.8	2,730.2	2,282.5	3,974.3	4,200.2	3,412.1	2,607.2	1,076.0	1,014.0	862.7	330.7	150.2	507.5	364.2
Share price (period end) Rs	54.81	37.77	52.36	45.06	35.05	42.92	31.33	64.37	67.87	123.69	68.67	31.77	26.76	20.06	14.42	13.82	12.63	12.22
P/E (diluted)	7.84×	—	1.25×	47.95×	—	—	2.40×	4.24×	—	7.47×	6.46×	5.85×	3.35×	1.92×	1.79×	3.73×	4.30×	4.57×
Price to book	9.94×	0.78×	0.51×	0.74×	0.58×	0.59×	0.39×	0.92×	1.24×	1.89×	1.29×	0.71×	0.67×	0.62×	0.60×	0.50×	0.55×	0.71×
Price to sales	0.17×	0.10×	0.16×	0.20×	0.21×	0.22×	0.20×	0.30×	0.45×	0.55×	0.68×	0.20×	0.19×	0.14×	0.11×	0.10×	0.15×	0.24×
EV / EBITDA	5.00×	17.98×	2.61×	14.25×	—	13.85×	14.02×	15.06×	—	5.67×	10.01×	5.60×	3.74×	3.36×	0.90×	0.65×	2.99×	3.08×
EV / Sales	0.40×	0.58×	0.37×	0.80×	0.85×	0.47×	0.49×	0.63×	0.95×	0.52×	0.89×	0.24×	0.24×	0.21×	0.09×	0.04×	0.21×	0.24×
Dividend yield (gross)	0.0%	5.7%	0.0%	0.0%	0.0%	2.0%	10.3%	0.0%	6.3%	3.5%	3.4%	1.9%	2.8%	9.3%	12.9%	9.4%	0.0%	0.0%
Free cash flow yield	114.8%	(301.5%)	121.1%	(65.6%)	(156.8%)	0.1%	102.3%	15.2%	(110.8%)	26.3%	(19.8%)	10.7%	8.5%	(54.3%)	(26.7%)	106.0%	(36.0%)	8.2%
PEG ratio	0.07×	—	0.00×	0.45×	—	—	(0.17×)	0.01×	—	0.13×	0.07×	(0.18×)	(0.14×)	0.06×	0.02×	0.14×	0.43×	—
P/E (diluted, normalised)	7.84×	—	1.25×	47.95×	—	—	2.40×	4.12×	—	7.47×	6.46×	5.85×	3.35×	1.92×	1.79×	3.73×	3.90×	4.05×
Price to book — 5-year average	0.81×	0.62×	0.55×	0.64×	0.72×	0.96×	1.10×	1.24×	1.24×	1.15×	0.83×	0.63×	0.60×	0.59×	—	—	—	—
EV / EBITDA — 5-year average	8.19×	10.08×	8.98×	19.90×	44.79×	15.69×	14.69×	13.26×	10.63×	5.67×	4.37×	2.60×	2.21×	1.94×	—	—	—	—
Dividend yield — 5-year average	1.0%	1.4%	2.0%	1.9%	3.5%	3.8%	4.0%	3.2%	3.9%	3.6%	4.6%	6.0%	6.6%	6.9%	—	—	—	—

FRSM valuation: frequently asked questions

What is FRSM's P/E ratio?

At the closing price of Rs 40.57 on 15 Oct 2026, FRSM trades at a P/E of 4.0× based on EPS of Rs 10.08 (TTM to Jun 2026).

What is FRSM's book value per share?

Faran Sugar Mills Limited's book value per share was Rs 55.12 at the end of FY2025. The shares trade at 0.74× book value.

Information only, not investment advice.