1. India Stocks

  2. •

    Consumer Defensive

  3. •

    Food Confectioners
The Ugar Sugar Works Limited

The Ugar Sugar Works Limited

UGARSUGAR.NS
The Ugar Sugar Works LimitedIN flagNational Stock Exchange of India
40.77
INR
+0.09
- -
4.59BMarket Cap
The Ugar Sugar Works Limited
UGARSUGAR.NS
(National Stock Exchange of India)

Recent

price

40.77

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
52.84
58.39
63.78
57.09
57.96
74.43
51.94
57.77
66.69
73.38
80.88
99.02
159.46
102.29
117.85
- -
131.86
Revenue per Share
0.36
1.52
1.55
-2.65
-0.29
1
2.31
-6.06
0.39
1.22
1.52
3.85
9.16
1.88
-1.44
- -
1.21
Basic EPS, GAAP
5.43
3.58
-3.62
13.58
4.3
-3.89
-2.97
1.95
-4.36
3.84
-7.46
-3.43
29.76
-12.46
-4.98
- -
- -
Free Cash Flow per Basic Share
- -
- -
0.29
0.26
- -
- -
0.3
0.24
- -
- -
0.1
0.2
0.25
0.5
0.25
- -
- -
Dividend per Share
1
1.18
1.23
-1.41
-1.7
-0.75
1.51
-4.79
-4.41
2.22
3.64
7.29
16.2
17.58
15.84
- -
1
Book Value per Share
7.77
9.01
10.34
7.7
7.37
8.32
10.11
4.01
4.53
5.76
7.15
10.82
19.62
20.88
19.14
- -
20.72
Tangible Book Value per Share
112
112
112
112
112
112
112
112
112
112
112
112
112
112
113
- -
113
Basic Weighted Avg Shares
5,944
6,569
7,176
6,423
6,521
8,373
5,844
6,499
7,502
8,256
9,100
11,139
17,940
11,508
13,298
14,843
14,843
Sales/Revenue/Turnover
5.13
8.4
6.36
-0.08
1.06
4.59
9.66
-6
5.6
6.91
6.52
8.1
10.86
6.15
0.97
4.74
4.74
Operating Margin (%)
287
252
247
256
155
157
147
195
149
137
124
115
181
291
275
332
332
Depreciation Expense
40
171
175
-298
-33
113
260
-682
43
138
171
433
1,030
211
-162
136
136
Net Income, GAAP
- -
37.76
10.17
- -
- -
24
7.1
- -
20.61
1
8.32
6.56
30.56
29.06
- -
18.66
18.66
Effective Tax Rate (%)
0.68
2.6
2.43
-4.63
-0.5
1.35
4.44
-10.49
0.58
1.67
1.87
3.89
5.74
1.84
-1.22
0.92
0.92
Profit Margin (%)
2,326
-19
9
-239
-42
360
64
-959
-895
-185
259
179
933
-226
-902
-947
-947
Working Capital
3,136
410
520
387
806
902
497
106
- -
485
704
1,241
1,400
836
921
622
622
LT Debt
877
1,015
1,163
866
830
937
1,137
453
511
649
805
1,218
2,208
2,350
2,160
2,337
2,337
Total Equity
- -
8.87
9.92
- -
- -
8.69
11.52
- -
5.9
9.52
8.54
11.11
18.39
6.9
- -
6.38
6.38
Return on Invested Capital (%)
- -
11.68
5.49
- -
- -
14.93
16.27
- -
7.26
10.37
8.92
11.45
19.59
7.47
- -
8.28
8.28
Return on Capital (%)
35.7
139.23
128.36
- -
- -
- -
- -
- -
- -
- -
51.71
70.47
77.98
11.13
-8.63
14.33
14.33
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
3,542
- -
6,058
LT Borrowings
856
- -
622
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
112
- -
112
Market Capitalization
4,807
4,842
4,411

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,741
- -
9,170
Cash, Cash Equivalents & STI
199
- -
192
Accounts Receivable, Net
1,216
- -
1,370
Inventories
1,513
- -
7,008
Total Current Liabilities
5,176
- -
10,117
Payables & Accruals
- -
- -
- -
ST Debt
3,542
- -
6,058
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.42%
27.83%
8.19%
Free Cash Flow
-235.47%
-271.96%
-135.23%
Net Income, GAAP
-24.63%
-29.64%
-183.77%
Sales/Revenue/Turnover
9.15%
14.96%
11.61%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,881
2,341
3,609
3,677
11,508
2025
3,158
2,404
2,627
5,110
13,298
2026
3,563
4,174
3,210
3,895
14,843

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.81
-2.95
4.1
- -
1.88
2025
-1.05
-5.34
0.4
4.54
-1.44
2026
-1.22
-2.86
1.22
4.07
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
- -
0.25
2026
- -
- -
- -
- -
- -
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Business
The Ugar Sugar Works Limited manufactures and sells sugar, industrial alcohol, potable alcohol, and co-generated power in India, operating through segments including sugar, industrial alcohol, potable alcohol, co-generation, and petroleum products sales; core products comprise white crystal sugar in M-30 and S-30 grades, rectified spirit, extra neutral alcohol, ethanol for oil blending, Indian made liquors such as Old Castle Premium Whisky and Sandpiper, and bagasse-based electricity exported via power trading entities. Founded in 1939 and headquartered at Ugarkhurd in Belagavi district, Karnataka with registered office in Sangli, Maharashtra, the company maintains sugar plants, distilleries, and co-generation facilities at Ugarkhurd and Jewargi in Karnataka, alongside offices in Mumbai, Bengaluru, Belagavi, Sangli, and Kolhapur, serving institutional buyers like food and beverage manufacturers, dairy processors, bakeries, supermarkets, oil companies, and Karnataka State Beverages Corporation Limited with nationwide presence and indirect sugar exports through merchant exporters. Recent developments include commencement of maize procurement for ethanol production, environmental clearances for distillery expansion to 845 KLPD and sugar unit growth, a planned new product line launch in March 2025, operational enhancements such as SAP implementation and zero-pollution distillery processes, alongside Jewargi greenfield project crushing in the 2024-2025 season amid elongated working capital cycles and rating revisions to CARE BB+ with negative outlook in May 2025 due to profitability pressures from lower sugarcane crushing and higher raw material costs.