The Ugar Sugar Works Ltd.

•

ugarsugar.comBSE: 530363NSE: UGARSUGAR

Market Cap₹ 571 Cr.

Current Price

High / Low₹ 62 / 34

Stock P/E19.8

Book Value₹ 21

Price to Book1.89

Dividend Yield0.20 %

ROCE9.0 %

ROE6.1 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Industrial Alcohol: 50.6% • Sugar: 42.0% • Petrol Pump: 2.9%

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

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

Fast Moving Consumer GoodsAgriSugar

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

S.No.	Name
1.	BALRAMCHIN	699.20	39.87	14794.90	0.50	44.15	-14.40	1636.79	6.13	9.29	7.36
2.	EIDPARRY	756.00	28.94	13453.45	0.00	311.50	-32.93	9017.52	3.37	23.60	8.33
3.	TRIVENI	268.90	21.08	5925.56	1.02	3.65	73.81	1950.14	-0.22	8.92	2.94
4.	RENUKA	24.36	0.00	5185.00	0.00	-251.50	4.59	2120.20	5.61	-3.84	-3.60
5.	BAJAJHIND	21.37	44.14	5108.85	0.00	-1847.00	-961.49	11259.70	801.92	2.86	-10.64
6.	BANARISUG	3682.15	37.92	4617.31	0.34	-10.92	-171.57	172.45	-58.81	9.33	-3.00
7.	DALMIASUG	432.85	14.80	3503.46	1.39	6.91	—	848.19	-16.48	8.38	5.10
8.	AVADHSUGAR	821.70	24.94	1644.91	1.22	2.34	127.81	7792.51	987.42	6.50	4.68
9.	GODAVARIB	238.95	5434.89	1222.85	0.00	-19.32	-20.62	557.88	4.62	5.79	0.09
10.	DHAMPURSUG	170.85	15.63	1098.68	1.17	60.90	6592.31	7861.70	961.42	6.63	3.98
11.	UTTAMSUGAR	282.65	12.40	1077.97	0.88	1.30	-91.05	606.37	-3.56	11.62	4.32
12.	UGARSUGAR	50.76	8.34	571.05	0.20	-33.20	-146.28	265.79	-8.32	9.02	-7.62

Detailed Comparison with:

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

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

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The Ugar Sugar Works Ltd.

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Free 5nance Account

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

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

-20

-44

-9

-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%

Interest

Depreciation

Profit before Tax

-8

-32

-11

-60

-14

-32

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

-12

-60

-14

-32

-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

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

-21

209

104

OPM %

11.02%

-3.25%

6.64%

7.81%

7.10%

8.72%

11.63%

6.10%

3.04%

6.98%

5.96%

Interest

Depreciation

Profit before Tax

-66

148

-22

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

-68

103

-16

EPS

0.00

1.52

3.85

9.16

1.88

-1.44

1.21

—

Dividend Payout %

8.66%

0.00%

8.17%

13.19%

6.49%

5.46%

13.30%

0.00%

8.26%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

102

109

210

224

205

222

364

379

419

431

553

639

347

458

549

621

Trade Payables

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

112

148

402

590

657

588

635

769

365

485

526

701

142

120

137

Cash & Bank

102

114

144

187

312

153

156

165

Total Assets

665

884

907

854

919

1,198

961

1,157

1,209

1,399

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-2

-45

-78

423

-37

Cash from Investing

-20

-13

-2

-1

-6

-131

-48

-98

-73

-25

Cash from Financing

-15

-37

-346

131

-19

-5

-0

-5

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

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