Does SunRice Group (ASX:SGLLV) Have More Upside or Downside? Consensus Target Implies 39.6% Upside

Sonal Goyal

09 October 2026 11:39 AM AEDT

Does SunRice Group (ASX:SGLLV) Have More Upside or Downside? Consensus Target Implies 39.6% Upside

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

Consensus rating of Buy from 2 analysts: 2 Buy or equivalent, 0 Hold, 0 Sell or equivalent.
Mean price target of A$17.80 against a share price of A$12.75 on 8 October 2026, an implied upside of 39.6%.
Analyst targets range from A$17.60 to A$18.00.
Net profit after tax was $73.3 million, up 4%, and Revenue was $1.80 billion, compared with $1.85 billion.

SunRice Group (ASX:SGLLV) carries a consensus analyst rating of Buy. Of the 2 analyst recommendations recorded, 2 are Buy or equivalent, 0 are Hold and 0 are Sell or equivalent. The mean price target is A$17.80, with targets ranging from A$17.60 to A$18.00, against a current share price of A$12.75 (8 October 2026). SunRice Group (ASX:SGLLV, Ricegrowers Limited) is an Australian rice food Business with rice and ancillary operations in Australia and international markets.

Company name	SunRice Group
Ticker	(ASX:SGLLV)
Exchange	ASX (Australian Securities Exchange)
Current share price	A$12.75
Price date	8 October 2026
Number of analysts	2
Rating consensus	Buy
Consensus price target (mean)	A$17.80
Highest target	A$18.00
Lowest target	A$17.60
Implied upside/downside to mean target	Implied upside of 39.6%

Latest developments

SunRice Group (ASX:SGLLV) released its FY26 full year financial results on 25 June 2026. Net profit after tax was $73.3 million, up 4%, and revenue was $1.80 billion, compared with $1.85 billion. EBITDA was $143.6 million, down 3%, with an EBITDA Margin of 8%, in line with FY25. The CY25 (FY26) paddy price for medium grain rice was $400 per tonne, compared with $406.

The company declared a record total fully Franked Dividend of 70 cents per B Class Share, up 8%, and diluted Earnings per B Class Share were 102.6 cents, up 1%. Net Debt was reduced to $151.0 million and gearing to 19% as at 30 April 2026.

For FY27, SunRice expects group revenue to be slightly below FY26 and NPAT to be materially lower than FY26. It said the group Balance Sheet remains in good shape, with lower Australian inventory levels continuing to support operating cash inflows.

Sector context

The company describes a challenging external environment, including foreign exchange volatility, and pressure on revenue. Rice earnings depend on the size of the Australian crop, paddy prices, exchange rates and international demand.

Risks and what to watch

The company expects FY27 NPAT to be materially lower than FY26, with revenue slightly lower. Revenue fell from $1.85 billion to $1.80 billion, and EBITDA fell 3%. Results are exposed to crop size, water availability, exchange rates and export market conditions. The consensus data covers two analysts.

Next milestones

Items to watch include FY27 trading against the outlook of lower NPAT, the size of the next rice crop, payment of the final dividend, net debt and gearing, and the first-half result.

FAQs

Q: What is the consensus analyst rating for SunRice Group (ASX:SGLLV)?

A:The consensus rating is Buy, based on 2 analyst recommendations: 2 Buy or equivalent, 0 Hold and 0 Sell or equivalent.

Q: What are the analyst price targets for SunRice Group (ASX:SGLLV)?

A:The mean price target is A$17.80, with a highest target of A$18.00 and a lowest target of A$17.60. The share price on 8 October 2026 was A$12.75.

Q: What did SunRice Group (ASX:SGLLV) report for FY26?

A:SunRice reported NPAT of $73.3 million, revenue of $1.80 billion, EBITDA of $143.6 million and a record total dividend of 70 cents per B Class Share.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.