The Ugar Sugar Works Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Industrial Alcohol: 50.6% • Sugar: 42.0% • Petrol Pump: 2.9%
AI Sector View
AI GENERATEDFast Moving Consumer Goods
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.
PROS
- Latest quarter profit grew 110.9% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.50x)
CONS
- Company has a high debt-to-equity of 2.87x
- A large part of profit comes from other income (44.9% of PBT)
- Company has a low return on equity of 2.7% over last 3 years
- Company has a low return on capital employed of 7.9%
- Interest coverage is weak at 1.3x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BALRAMCHIN | 699.20 | 39.87 | 14794.90 | 0.50 | 44.15 | -14.40 | 1636.79 | 6.13 | 9.29 | 7.36 |
| EIDPARRY | 756.00 | 28.94 | 13453.45 | 0.00 | 311.50 | -32.93 | 9017.52 | 3.37 | 23.60 | 8.33 |
| TRIVENI | 268.90 | 21.08 | 5925.56 | 1.02 | 3.65 | 73.81 | 1950.14 | -0.22 | 8.92 | 2.94 |
| RENUKA | 24.36 | 0.00 | 5185.00 | 0.00 | -251.50 | 4.59 | 2120.20 | 5.61 | -3.84 | -3.60 |
| BAJAJHIND | 21.37 | 44.14 | 5108.85 | 0.00 | -1847.00 | -961.49 | 11259.70 | 801.92 | 2.86 | -10.64 |
| BANARISUG | 3682.15 | 37.92 | 4617.31 | 0.34 | -10.92 | -171.57 | 172.45 | -58.81 | 9.33 | -3.00 |
| DALMIASUG | 432.85 | 14.80 | 3503.46 | 1.39 | 6.91 | — | 848.19 | -16.48 | 8.38 | 5.10 |
| AVADHSUGAR | 821.70 | 24.94 | 1644.91 | 1.22 | 2.34 | 127.81 | 7792.51 | 987.42 | 6.50 | 4.68 |
| GODAVARIB | 238.95 | 5434.89 | 1222.85 | 0.00 | -19.32 | -20.62 | 557.88 | 4.62 | 5.79 | 0.09 |
| DHAMPURSUG | 170.85 | 15.63 | 1098.68 | 1.17 | 60.90 | 6592.31 | 7861.70 | 961.42 | 6.63 | 3.98 |
| UTTAMSUGAR | 282.65 | 12.40 | 1077.97 | 0.88 | 1.30 | -91.05 | 606.37 | -3.56 | 11.62 | 4.32 |
| UGARSUGAR | 50.76 | 8.34 | 571.05 | 0.20 | -33.20 | -146.28 | 265.79 | -8.32 | 9.02 | -7.62 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 218 | 266 | 389 | 404 | 345 | 263 | 275 | 524 | 364 | 425 | 329 | 397 | 481 | |
| 212 | 286 | 329 | 381 | 338 | 308 | 255 | 467 | 359 | 434 | 292 | 326 | 482 | |
| Operating Profit | 6 | -20 | 61 | 24 | 7 | -44 | 20 | 58 | 5 | -9 | 37 | 71 | -1 |
| OPM % | 2.81% | -7.62% | 15.59% | 5.84% | 1.99% | -16.83% | 7.39% | 10.98% | 1.46% | -2.13% | 11.11% | 17.82% | -0.20% |
| 2 | 4 | 1 | 26 | 2 | 4 | 2 | 5 | 1 | 2 | 0 | 4 | 2 | |
| Interest | 9 | 9 | 8 | 18 | 13 | 12 | 12 | 11 | 14 | 18 | 12 | 18 | 18 |
| Depreciation | 7 | 7 | 7 | 8 | 7 | 7 | 7 | 7 | 7 | 7 | 9 | 10 | 9 |
| Profit before Tax | -8 | -32 | 47 | 23 | -11 | -60 | 4 | 45 | -14 | -32 | 16 | 46 | 1 |
| Tax % | -19.95% | -2.47% | 1.01% | 25.27% | -7.26% | -0.49% | -23.84% | -13.51% | 2.62% | -1.51% | 14.69% | 1.40% | -43.92% |
| Net Profit | -9 | -33 | 46 | 17 | -12 | -60 | 5 | 51 | -14 | -32 | 14 | 46 | 1 |
| -0.81 | -2.95 | 4.10 | 1.54 | -1.05 | -5.34 | 0.40 | 4.54 | -1.22 | -2.86 | 1.22 | 4.07 | 0.13 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 585 | 650 | 750 | 870 | 956 | 1,137 | 1,794 | 1,151 | 1,330 | 1,484 | 1,632 | |
| 521 | 671 | 700 | 802 | 888 | 1,038 | 1,585 | 1,081 | 1,289 | 1,381 | 1,535 | |
| Operating Profit | 65 | -21 | 50 | 68 | 68 | 99 | 209 | 70 | 40 | 104 | 97 |
| OPM % | 11.02% | -3.25% | 6.64% | 7.81% | 7.10% | 8.72% | 11.63% | 6.10% | 3.04% | 6.98% | 5.96% |
| 9 | 3 | 9 | 3 | 6 | 2 | 6 | 33 | 13 | 8 | 8 | |
| Interest | 30 | 29 | 38 | 43 | 43 | 44 | 49 | 44 | 48 | 61 | 66 |
| Depreciation | 15 | 19 | 15 | 14 | 12 | 11 | 18 | 29 | 28 | 33 | 36 |
| Profit before Tax | 28 | -66 | 5 | 14 | 19 | 46 | 148 | 30 | -22 | 17 | 32 |
| Tax % | 7.10% | -2.81% | 20.61% | 1.00% | 8.32% | 6.55% | 30.56% | 29.06% | 26.51% | 18.66% | 9.55% |
| Net Profit | 26 | -68 | 4 | 14 | 17 | 43 | 103 | 21 | -16 | 14 | 29 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 1.52 | 3.85 | 9.16 | 1.88 | -1.44 | 1.21 | — |
| Dividend Payout % | 8.66% | 0.00% | 0.00% | 8.17% | 13.19% | 6.49% | 5.46% | 13.30% | 0.00% | 8.26% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 9%
- 3 Years:
- -6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 2%
- 5 Years:
- -4%
- 3 Years:
- -49%
STOCK PRICE CAGR
- 10 Years:
- 3%
- 5 Years:
- 13%
- 3 Years:
- -23%
- 1 Year:
- 7%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 22%
- 3 Years:
- 3%
- Last Year:
- 6%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| 102 | 34 | 40 | 52 | 68 | 109 | 210 | 224 | 205 | 222 | |
| 364 | 379 | 419 | 431 | 553 | 639 | 347 | 458 | 549 | 621 | |
| Trade Payables | 8 | 268 | 206 | 173 | 117 | 232 | 156 | 185 | 113 | 250 |
| 179 | 191 | 230 | 185 | 169 | 206 | 237 | 279 | 331 | 294 | |
| Total Liabilities | 665 | 884 | 907 | 854 | 919 | 1,198 | 961 | 1,157 | 1,209 | 1,399 |
| 164 | 163 | 152 | 136 | 127 | 117 | 224 | 254 | 234 | 340 | |
| Capital Work in Progress | 4 | 1 | 0 | 1 | 3 | 112 | 38 | 79 | 148 | 35 |
| 6 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | |
| 402 | 590 | 657 | 588 | 635 | 769 | 365 | 485 | 526 | 701 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 142 | 120 | 137 | |
| Cash & Bank | 15 | 23 | 3 | 11 | 7 | 8 | 18 | 41 | 19 | 16 |
| 74 | 102 | 89 | 114 | 144 | 187 | 312 | 153 | 156 | 165 | |
| Total Assets | 665 | 884 | 907 | 854 | 919 | 1,198 | 961 | 1,157 | 1,209 | 1,399 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2 | 37 | -45 | 45 | -78 | 96 | 423 | -37 | 21 | 44 | |
| Cash from Investing | -20 | -13 | -2 | -1 | -6 | -131 | -48 | -98 | -73 | -25 |
| Cash from Financing | 44 | -15 | 30 | -37 | 79 | 39 | -346 | 131 | 52 | -19 |
| 11 | 8 | -19 | 6 | -5 | 1 | -0 | -5 | 1 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-03 - The Ugar Sugar Works Limited has informed the Exchange about Action(s) taken or orders passed
2026-08-13 - The Ugar Sugar Works Limited has informed the Exchange about Credit Rating- Revision
2026-08-11 - The Ugar Sugar Works Limited has informed the Exchange about Resignation of Director/KMP/SMP
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 - 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 - 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 - The Ugar Sugar Works Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
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 - 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
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account