The Ugar Sugar Works Ltd.

•

ugarsugar.comBSE: 530363NSE: UGARSUGAR

Market Cap₹ 562 Cr.

Current Price

High / Low₹ 62 / 34

Stock P/E8.2

Book Value—

Price to Book—

Dividend Yield0.20 %

ROCE29.6 %

ROE60.2 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Sugar: 57.9% • Industrial Alcohol: 28.0% • Potable Alcohol: 9.1%

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 42.2%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.50x)
Operating margins have improved to 11.1% from 7.0%
Attractively priced for its growth - PEG of 0.1
Company converts assets efficiently - asset turnover of 1.8x

CONS

Company has a high debt-to-equity of 1.57x
Though reporting repeated profits, the company pays out little dividend (5.5%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsAgriSugar

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BALRAMCHIN	707.05	40.32	14961.00	0.49	44.15	-14.40	1636.79	6.13	9.29	7.36
2.	EIDPARRY	734.15	28.10	13064.62	0.00	311.50	-32.93	9017.52	3.37	23.60	8.33
3.	TRIVENI	263.95	20.69	5816.48	1.04	3.65	73.81	1950.14	-0.22	8.92	2.94
4.	RENUKA	24.82	0.00	5282.91	0.00	-251.50	4.59	2120.20	5.61	-3.84	-3.60
5.	BAJAJHIND	21.42	44.25	5120.81	0.00	-1847.00	-961.49	11259.70	801.92	2.86	-10.64
6.	BANARISUG	3570.20	36.77	4476.92	0.35	-10.92	-171.57	172.45	-58.81	9.33	-3.00
7.	DALMIASUG	433.45	14.82	3508.31	1.38	6.91	—	848.19	-16.48	8.38	5.10
8.	AVADHSUGAR	794.15	24.10	1589.76	1.26	2.34	127.81	7792.51	987.42	6.50	4.68
9.	GODAVARIB	234.70	5338.22	1201.10	0.00	-19.32	-20.62	557.88	4.62	5.79	0.09
10.	UTTAMSUGAR	282.75	12.40	1078.36	0.88	1.30	-91.05	606.37	-3.56	11.62	4.32
11.	DHAMPURSUG	166.45	15.23	1070.38	1.20	60.90	6592.31	7861.70	961.42	6.63	3.98
12.	UGARSUGAR	49.97	8.21	562.16	0.20	-33.20	-146.28	265.79	-8.32	9.02	-7.62

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	340	408	373	290	630	647	218	266
	288	380	348	286	555	542	212	286
Operating Profit	52	29	24	3	75	105	6	-20
OPM %	15.29%	7.00%	6.56%	1.18%	11.97%	16.23%	2.81%	-7.62%
	1	1	2	0	2	2	2	4
Interest	10	11	14	12	9	13	9	9
Depreciation	3	3	3	4	5	6	7	7
Profit before Tax	53	16	9	-12	63	89	-8	-32
Tax %	2.74%	6.17%	33.06%	-10.38%	28.26%	26.31%	-19.95%	-2.47%
Net Profit	51	15	6	-13	46	65	-9	-33
	4.55	1.32	0.51	-1.20	4.05	5.80	-0.81	-2.95

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	870	956	1,137	1,794	1,761
	802	888	1,038	1,586	1,595
Operating Profit	68	68	99	208	166
OPM %	7.81%	7.10%	8.72%	11.62%	9.45%
	3	6	2	6	10
Interest	43	43	44	48	40
Depreciation	14	12	11	18	25
Profit before Tax	14	19	46	148	112
Tax %	1.01%	8.34%	6.56%	30.56%	38.89%
Net Profit	14	17	43	103	68
EPS	0.00	1.52	3.85	9.16	—
Dividend Payout %	8.17%	13.20%	6.49%	5.46%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 27%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 96%

STOCK PRICE CAGR

10 Years:: 4%
5 Years:: 15%
3 Years:: -20%
1 Year:: 20%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 42%
Last Year:: 60%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	11	11	11	11
	54	69	111	210
	431	553	639	347
Trade Payables	173	117	232	156
	186	169	206	237
Total Liabilities	855	920	1,199	961
	137	128	119	224
Capital Work in Progress	1	3	112	38
	4	4	4	4
	588	635	769	365
	0	0	0	0
Cash & Bank	11	7	8	18
	114	144	187	312
Total Assets	855	920	1,199	961

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	45	-78	96	423
Cash from Investing	-1	-6	-131	-48
Cash from Financing	-37	79	39	-346
	6	-5	1	-0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.45	44.41	44.82	46.57	46.73	47.03	46.75	44.54	44.54
	1.57	0.61	0.50	0.38	0.67	0.19	0.17	0.19	0.09
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	53.98	54.98	54.69	53.04	52.60	52.78	53.07	55.27	55.37

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Action(s) taken or orders passed

2026-09-03 - The Ugar Sugar Works Limited has informed the Exchange about Action(s) taken or orders passed

2026-08-13

Credit Rating- Revision

2026-08-13 - The Ugar Sugar Works Limited has informed the Exchange about Credit Rating- Revision

2026-08-11

Resignation of Director/KMP/SMP

2026-08-11 - The Ugar Sugar Works Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-11

Resignation

2026-08-11 - The Ugar Sugar Works Limited has informed the Exchange regarding Resignation of Mr P V Shirgaokar as Non- Executive Director of the company w.e.f. August 11, 2026.

2026-08-11

Cessation

2026-08-11 - The Ugar Sugar Works Limited has informed the Exchange regarding Cessation of Mr Hari Athawale as Non- Executive Independent Director of the company w.e.f. August 11, 2026.

2026-08-06

Shareholders meeting

2026-08-06 - The Ugar Sugar Works Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 05, 2026. Further, the company has informed the Exchange regarding voting results along with copy of minutes.

2026-08-05

Outcome of Board Meeting

2026-08-05 - The Ugar Sugar Works Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-05

Shareholders meeting

2026-08-05 - The Ugar Sugar Works Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 05, 2026

2026-07-25

Shareholders meeting

2026-07-25 - The Ugar Sugar Works Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 05, 2026

News

Recent coverage and analyst commentary for UGARSUGAR

Loading news…

🤖

AI Stock Analyst

The Ugar Sugar Works Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

BALRAMCHIN

707.05

40.32

14961.00

0.49

44.15

-14.40

1636.79

6.13

9.29

7.36

EIDPARRY

734.15

28.10

13064.62

0.00

311.50

-32.93

9017.52

3.37

23.60

8.33

TRIVENI

263.95

20.69

5816.48

1.04

3.65

73.81

1950.14

-0.22

8.92

2.94

RENUKA

24.82

0.00

5282.91

0.00

-251.50

4.59

2120.20

5.61

-3.84

-3.60

BAJAJHIND

21.42

44.25

5120.81

0.00

-1847.00

-961.49

11259.70

801.92

2.86

-10.64

BANARISUG

3570.20

36.77

4476.92

0.35

-10.92

-171.57

172.45

-58.81

9.33

-3.00

DALMIASUG

433.45

14.82

3508.31

1.38

6.91

—

848.19

-16.48

8.38

5.10

AVADHSUGAR

794.15

24.10

1589.76

1.26

2.34

127.81

7792.51

987.42

6.50

4.68

GODAVARIB

234.70

5338.22

1201.10

0.00

-19.32

-20.62

557.88

4.62

5.79

0.09

UTTAMSUGAR

282.75

12.40

1078.36

0.88

1.30

-91.05

606.37

-3.56

11.62

4.32

DHAMPURSUG

166.45

15.23

1070.38

1.20

60.90

6592.31

7861.70

961.42

6.63

3.98

UGARSUGAR

49.97

8.21

562.16

0.20

-33.20

-146.28

265.79

-8.32

9.02

-7.62

Dec 2021

Mar 2022

Jun 2022

Sep 2022

Dec 2022

Mar 2023

Jun 2023

Sep 2023

340

408

373

290

630

647

218

266

288

380

348

286

555

542

212

286

Operating Profit

105

-20

OPM %

15.29%

7.00%

6.56%

1.18%

11.97%

16.23%

2.81%

-7.62%

Interest

Depreciation

Profit before Tax

-12

-8

-32

Tax %

2.74%

6.17%

33.06%

-10.38%

28.26%

26.31%

-19.95%

-2.47%

Net Profit

-13

-9

-33

4.55

1.32

0.51

-1.20

4.05

5.80

-0.81

-2.95

Mar 2020

Mar 2021

Mar 2022

Mar 2023

TTM

870

956

1,137

1,794

1,761

802

888

1,038

1,586

1,595

Operating Profit

208

166

OPM %

7.81%

7.10%

8.72%

11.62%

9.45%

Interest

Depreciation

Profit before Tax

148

112

Tax %

1.01%

8.34%

6.56%

30.56%

38.89%

Net Profit

103

EPS

0.00

1.52

3.85

9.16

—

Dividend Payout %

8.17%

13.20%

6.49%

5.46%

—

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Equity Capital

111

210

431

553

639

347

Trade Payables

173

117

232

156

186

169

206

237

Total Liabilities

855

920

1,199

961

137

128

119

224

Capital Work in Progress

112

588

635

769

365

Cash & Bank

114

144

187

312

Total Assets

855

920

1,199

961

Mar 2020

Mar 2021

Mar 2022

Mar 2023

-78

423

Cash from Investing

-1

-6

-131

-48

Cash from Financing

-37

-346

-5

-0

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

44.45

44.41

44.82

46.57

46.73

47.03

46.75

44.54

1.57

0.61

0.50

0.38

0.67

0.19

0.17

0.19

0.09

DIIs

0.00

Government

0.00

53.98

54.98

54.69

53.04

52.60

52.78

53.07

55.27

55.37

The Ugar Sugar Works Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

The Ugar Sugar Works Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI