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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Jun. 2026, Tandlianwala Sugar Mills has a Sloan Ratio of 8.04%, indicating the company is in the safe zone and there is no funny business with accruals.
Tandlianwala Sugar Mills (KAR:TSML) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, Tandlianwala Sugar Mills has a Sloan Ratio of 8.04%, indicating the company is in the safe zone and there is no funny business with accruals.
Tandlianwala Sugar Mills Sloan Ratio % Related Terms
Tandlianwala Sugar Mills Sloan Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
KAR:TSML vs MDLZ, HSY, TR: Sloan Ratio % Comparison
For the Confectioners subindustry, Tandlianwala Sugar Mills's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tandlianwala Sugar Mills Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tandlianwala Sugar Mills's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Tandlianwala Sugar Mills's Sloan Ratio % falls into.
Tandlianwala Sugar Mills Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Tandlianwala Sugar Mills's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
Tandlianwala Sugar Mills's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 421.945 (Sep. 2025 ) + 319.492 (Dec. 2025 ) + 18.528 (Mar. 2026 ) + 124.725 (Jun. 2026 ) = ₨885 Mil.
Tandlianwala Sugar Mills's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 5390.476 (Sep. 2025 ) + 700.801 (Dec. 2025 ) + -9778.124 (Mar. 2026 ) + 603.328 (Jun. 2026 ) = ₨-3,084 Mil.
Tandlianwala Sugar Mills's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -1.494 (Sep. 2025 ) + -108.256 (Dec. 2025 ) + -120.931 (Mar. 2026 ) + 2.546 (Jun. 2026 ) = ₨-228 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tandlianwala Sugar Mills (KAR:TSML) has a Sloan Ratio % of 8.04% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Tandlianwala Sugar Mills and its competitors.
Is Tandlianwala Sugar Mills' Sloan Ratio % too high?
Tandlianwala Sugar Mills' current Sloan Ratio % is 8.04%. Overall, Tandlianwala Sugar Mills has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tandlianwala Sugar Mills' Sloan Ratio % compare to MDLZ and HSY?
Tandlianwala Sugar Mills' Sloan Ratio % of 8.04% can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Tandlianwala Sugar Mills and its competitors. Tandlianwala Sugar Mills's current Sloan Ratio % is 8.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandlianwala Sugar Mills stock overvalued right now?
Based on GuruFocus' analysis, Tandlianwala Sugar Mills (KAR:TSML) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨122.77, compared to a current price of ₨656.76 — trading 435% above its estimated fair value. The current Sloan Ratio % is 8.04%. Tandlianwala Sugar Mills' overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Tandlianwala Sugar Mills (KAR:TSML), the current Sloan Ratio % is 8.04% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tandlianwala Sugar Mills (KAR:TSML) Overvalued in 2026?
Based on GuruFocus' analysis, Tandlianwala Sugar Mills stock appears to be overvalued.
The current stock price of ₨656.76 is trading 435% above its estimated GF Value™ of ₨122.77.
GuruFocus considers Tandlianwala Sugar Mills to be Significantly Overvalued.
Key valuation signals for KAR:TSML:
Sloan Ratio %: 8.04%
GF Value™: ₨122.77 vs. price of ₨656.76 (435% above fair value)
No single metric tells the full story. See the KAR:TSML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tandlianwala Sugar Mills Ltd is engaged in the production and sale of white crystalline sugar, ethanol, and other allied by-products. The company operates three sugar mills, two ethanol distilleries, and a carbon Dioxide plant. Its operating segments include the Sugar segment, which involves the production of white sugar and molasses from sugarcane; the Ethanol segment, which focuses on the production of ethanol from molasses; and the Top Gas and other segments, which involve the production of top gas. The majority of the company's revenue is generated from the Sugar segment.
67GF Score
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