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Prices as of 9 Oct 2026 close · Not investment advice

The Ugar Sugar Works Limited

NSE: UGARSUGARSugarTrade-to-trade true

Share price

₹54.84

-1.24% close of 9 Oct 2026

Market cap ₹603 CrP/E 20.9

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

51

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹603 Cr

P/E ratio

20.9

P/B ratio

2.6

ROCE

9.0%

ROE

6.2%

Dividend yield

0.2%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹64.0352-week low ₹35.36

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 17.2% over the past year, and 7.3% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 9.9% to 8.2% over the last four years.

Whether it grew faster than its sector

It grew 7.3% a year against a sector median of 9.9% — 2.6 percentage points slower.

Room to re-rate, or risk of de-rating

At 20.9× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 35.9×, across 4 companies. It is against its own five-year median of 17.7×, the 62nd percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
The Ugar Sugar Works Limited — this one-49%/yr20.9×—
Balrampur Chini Mills Limited10%/yr36.6×₹3.7
Triveni Engineering & Industries Limited-19%/yr19.8×—
Bajaj Hindusthan Sugar Limited45%/yr37.2×₹0.83
Shree Renuka Sugars Limited———
Bannari Amman Sugars Limited-2%/yr35.2×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Sugar), it ranks 7 of 26 on returns, 8 of 25 on growth, 18 of 26 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 9% on capital, ahead of 73% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹515 crore of cash from the business, spent ₹395 crore on plant and equipment, and returned ₹143 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 299 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 3 days for its cash to paid 27 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 10 checks clear · 80%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 5 Aug 2026 · Standalone · Unaudited

Revenue

₹481 Cr

Net profit

₹1 Cr

Net margin

0.3%

EPS

₹0.13

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹603 Cr
Prev close
₹54.84
52w High
₹66.8
52w Low
₹33.8
Enterprise value
₹1,255 Cr
Beta
0.9
Price CAGR 1y
37.0%
Price CAGR 3y
-18.0%
Price CAGR 5y
15.0%
Price CAGR 10y
2.0%

Ratios

Return on assets
1.1%
PEG ratio
-0.4
P/E ratio
20.9
P/B ratio
2.6
EV / EBITDA
10.0
Industry P/E
17.2
ROCE
9.0%
ROCE 5y average
12.6%
ROE
6.2%
Debt / Equity
2.9
Interest coverage
1.3
Dividend yield
0.2%
ROE 3y average
2.0%
ROE last year
6.0%

Annual P&L

Annual revenue
₹1,484 Cr
Annual profit
₹14 Cr
Operating margin
7.0%
Net profit margin
0.9%
EBITDA margin
7.0%
Sales growth 3y
-6.1%
Sales growth 5y
9.2%
Profit growth 3y
-49.0%
Profit growth 5y
-4.0%
EPS
₹1.2
Sales growth TTM
17.0%
Profit growth TTM
259.0%
Dividend payout
8.0%

Quarter P&L

Sales latest quarter
₹478 Cr
Profit latest quarter
₹1 Cr
YoY quarterly sales growth
34.1%
YoY quarterly profit growth
—
OPM latest quarter
5.6%

Balance Sheet

Book Value
₹21.2
Face Value
₹1.0
Total debt
₹668 Cr
Total cash
₹16 Cr
Borrowings
₹668 Cr
Reserves / Equity
20.2

Cash Flow

Operating cash flow
₹44 Cr
Free cash flow
₹20 Cr
FCF yield
-6.8%
Net cash flow
₹0 Cr

Shareholding

Promoter holding
44.5%
FII holding
0.1%
DII holding
0.0%
Public holding
55.4%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Balrampur Chini691.3039.414,6280.5144.2-14.41,636.86.19.3
Triven.Engg.Ind.241.9720.35,3241.143.7155.11,580.52.19.0
Bajaj Hindusthan21.3339.45,0990.00-184.8-6.41,126.0-9.83.1
Sh.Renuka Sugar22.654,8190.00-251.54.52,120.25.5-3.1
Bannari Amm.Sug.3,349.3034.54,2000.37-10.9-171.6172.5-58.88.8
Dalmia Bharat453.0017.93,6671.326.9-80.3848.2-9.88.2
Avadh Sugar873.3025.91,7411.150.2102.7779.38.76.8
Ugar Sugar Works59.2623.36730.171.5110.8477.934.19.0
Median94.9717.94670.090.3-23.7302.12.97.5

Competes with: Avadh Sugar & Energy Limited, Bajaj Hindusthan Sugar Limited, Balrampur Chini Mills Limited, Bannari Amman Sugars Limited, Dalmia Bharat Sugar and Industries Limited, Shree Renuka Sugars Limited, Triveni Engineering & Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales188234361368316240263511356417321389478
Expenses182254300345309285242453351426285319451
Material Cost517186148456537124
Change in Inventories-127109213-240-298281
Purchases of Stock-in-Trade176.846.0315157.56
Employee Cost241919252718
Other Expenses353748364423
Operating Profit6.12-2061246.85-4420585.31-9.06377127
OPM %3.25-8.65176.412.17-187.74111.49-2.1711185.59
Other Income2.183.981.07262.313.622.365.111.102.290.363.772
Exceptional items (within Other Income)000000
Interest9.059.198.0918131212111418121818
Depreciation6.876.947.108.176.796.836.8876.647.209.23109.22
Profit before tax-7.62-324723-11-603.6645-14-3216461.03
Tax %202.471.01257.250.49-24-14-2.621.51151.38-44
Net Profit-9.14-334617-12-604.5351-14-3214461.49
EPS in Rs-0.81-2.954.101.54-1.05-5.340.404.54-1.22-2.861.224.070.13
Diluted EPS in Rs4.54-1.222.861.224.070.13

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6528375856507508709561,1371,7941,1511,3301,4841,606
Expenses6317875216717008028881,0381,5851,0811,2891,3811,481
Material Cost1,0601,328
Change in Inventories14-215
Purchases of Stock-in-Trade4043
Employee Cost8889
Other Expenses165166
Operating Profit215065-21506868992097040104125
OPM %3.20611-3.207879126378
Other Income398393626331388
Exceptional items (within Other Income)00
Interest15293029384343444944486166
Depreciation15161519151412111829283336
Profit before tax-61528-66514194614830-221732
Tax %-452473211873129-2619
Net Profit-31126-68414174310321-161429
EPS in Rs-0.2912.31-6.060.391.221.523.859.161.88-1.441.212.56
Diluted EPS in Rs-1.451.21
Dividend Payout %025900813651308

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
6%
5 years
9%
3 years
-6%
TTM
17%

Compounded profit growth

10 years
2%
5 years
-4%
3 years
-49%
TTM
259%

Stock price CAGR

10 years
2%
5 years
15%
3 years
-18%
1 year
37%

Return on equity

10 years
12%
5 years
17%
3 years
2%
Last year
6%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111111111111111
Reserves728010234405268109210224205222
Borrowings190278364474554514610700347514611668
Other Liabilities376390140341278252202341348336304417
Total Liabilities6497596178608838308921,1629161,0851,1311,318
Fixed Assets170158164163152136127117224254234340
CWIP2341013112387914835
Investments666444444455
Other Assets471592444691726689759929651749743939
Total Assets6497596178608838308921,1629161,0851,1311,320

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity75-38-1337-4645-7893394-372144
Cash from Investing Activity-26-4-20-13-2-1-6-131-48-98-73-25
Cash from Financing Activity-603844-1530-377939-34613152-19
Net Cash Flow-10-4118-196-51-0-510
Free Cash Flow48-44-3337-4645-84-39335-140-5620

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1262725145192838453334
Inventory Days31822938140843233031433198205178230
Days Payable17598818613496579640713882
Cash Conversion Cycle15419438024831223927626396179173181
Working Capital Days-711-5-67-46-137315-20-30-27
ROCE %31414-78101012281139

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters444444444445474747474545
FIIs3.622.572.051.570.610.500.380.670.190.170.190.09
DIIs0.0200000000000
Public525354545555535353535555
No. of Shareholders58,98863,47166,32765,48261,83061,14661,78862,15163,87472,33772,68772,174

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +25.9% (₹43.55 → ₹54.84)Brick size ₹4.00 (fixed)Bricks 9
₹40.00₹50.00₹60.00₹54.84Mar '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹54.84 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

652inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,79,66,102inr

2026-03-31

News

News and filings about The Ugar Sugar Works Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • bagasse (self-generated cogen fuel)
  • broken rice (grain feedstock for distillery)
  • cane juice / syrup
  • cane molasses
  • maize (grain feedstock for distillery)
  • rectified spirit
  • stores, spares and process chemicals
  • sugarcane

Depends on the price of

  • corn
  • sugarcane

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Fast Moving Consumer Goods
Industry
Sugar
Classification
Fast Moving Consumer Goods › Sugar
ISIN
INE071E01023

Business segments

  • Sugar · 45%
  • Industrial Alcohol · 43%
  • Co-generation · 11%
  • Potable Alcohol · 2%

Plants

  • Jewargi Unit (Malli) - Sugar & Co-generation
  • Ugar Khurd Unit - Sugar, Distillery, Co-Generation

News impact

Big market events that reach The Ugar Sugar Works Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

29 Jul 2026unspecified₹0.1
26 Jul 2024unspecified₹0.25
28 Jul 2023unspecified₹0.5
1 Sep 2022unspecified₹0.25
8 Sep 2021unspecified₹0.2
10 Sep 2020unspecified₹0.1
14 Sep 2017unspecified₹0.2
8 Sep 2016unspecified₹0.25

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
25 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY7,10,593₹63.37
25 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL7,10,593₹63.41
11 Sep 2026SILVERLEAF CAPITAL SERVICES PRIVATE LIMITEDSELL7,86,384₹56.31
11 Sep 2026SILVERLEAF CAPITAL SERVICES PRIVATE LIMITEDBUY7,86,384₹56.45
11 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL5,95,091₹56.30
11 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY5,86,382₹56.27

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
22 Sep 2026SOHAN SANJEEV SHIRGAOKAR HUF · Promoter GroupBUY100.00
22 Sep 2026SHREE BALAJI ASSETS · Promoter GroupBUY100.00

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.