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On 6 Nov 2026, The Ugar Sugar Works was priced at ₹40.89, or 16.6× trailing earnings, against an industry P/E of 15.1×, and the shares are 39% below their 52-week high. Sales and net profit fell 6.1% and 49% a year over 3 years; its ROCE of 24% is the highest among the 7 largest Confectioners peers. Debt is 2.22× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹460 Cr, ranked 15th of 37 Confectioners companies by market cap; the shares fell 0.7% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹41.90
Day high
₹41.90
Day low
₹40.40
Prev. close
₹42.01
Volume
95.5K

Health check

1 good · 2 fair · 3 to check
  • ReturnsIn line

    −0.7% over a year, better than 4 of 7 peers.

  • Price tagIn line

    P/E 16.6 vs industry 15.1.

  • GrowthShrinking

    Sales −6.1%, profit −49.1% a year over 3 years.

  • ProfitabilityStrong

    ROCE 24.2% vs peer median 9.6%.

  • Balance sheetStretched

    Debt 2.22× equity, interest covered 1.3×, Piotroski 8 of 9.

  • Red flags4 to check

    Debt is 2.22× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Confectioners

36 listed peers. Screen the industry

Small cap

₹460 Cr, #15 of 37 in its industry by size.

Defensive

Beta 0.22 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹1,537 Cr · profit ₹28 Cr
Market cap
₹460 Cr
Small cap
P/E
16.6
Industry 15.1
Price to book
2.28
Peers 1.58
Dividend yield
0.24%
ROE
14.8%
Peers 7.7%
ROCE
24.2%
Peers 9.6%
Debt to equity
2.22
Debt ₹447 Cr
EPS (TTM)
₹2.46
Face value ₹1
OPM (TTM)
7.8%
Net margin 1.8%
Sales growth
+34.1%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
0.30
EV/EBITDA 7.2

Strengths and risks

Strengths

  • Return on capital employed of 24.2%.
  • Quarterly sales up 34.1% on a year ago.

Risks to check

  • Debt is 2.22× equity.
  • 39% below its 52-week high.
  • Interest coverage of only 1.8×.
  • Promoter stake down from 47.0% to 44.5%.

Derived automatically from reported figures. Not a recommendation.

About The Ugar Sugar Works

The Ugar Sugar Works Limited manufactures and sells sugar, and industrial and potable alcohol in India. The company operates through Sugar, Industrial Alcohol, Potable Alcohol, Co-Generation, and Petroleum Products Sales segments. It offers white crystal sugar and its byproducts, such as bagasse, filter cake, and final molasses. The company also provides various distillery products, such as IML products under the Old Castle Premium Whisky, U.S. Whisky,…

Headquarters
Belgaum
Employees
826
Sector
Consumer Defensive
ISIN
INE071E01023
Website
ugarsugar.com

Price range

52 weeks

₹33.75₹66.77

Today

₹40.40₹41.90
Avg volume (3M)
10.4 L
1-year return
minus 0.7%
From 52-week high
minus 38.8%

Peers · Confectioners

Compare with peersScreen the whole industry
Company
BALRAMCHINBalrampur Chini Mills670.30minus 1.21%14,18632.92.9811.8%9.7%11.7%10.4%10.0%0.60%plus 50.8%
TRIVENITriveni Engineering & Industries240.01minus 1.29%5,28915.11.5812.1%8.3%8.5%4.0%−46.9%1.15%minus 32.1%
BAJAJHINDBajaj Hindusthan Sugar18.59minus 1.64%4,44115.14.411.7%6.4%5.1%−4.4%–0.00%minus 13.9%
BANARISUGBannari Amman Sugars3,195.70minus 7.23%4,00732.92.098.7%8.0%9.3%−8.8%1.0%0.39%minus 4.3%
RENUKAShree Renuka Sugars18.19minus 2.31%3,872–−1.23−27.3%–−0.5%0.6%–0.00%minus 36.3%
DALMIASUGDalmia Bharat Sugar and Industries477.50plus 0.16%3,86519.01.209.6%7.3%10.8%3.7%−1.8%1.26%plus 40.9%
AVADHSUGARAvadh Sugar & Energy824.35minus 6.17%1,65025.01.4710.3%5.1%8.3%−1.2%−17.0%1.14%plus 107.3%
UGARSUGARThe Ugar Sugar Works40.89minus 2.67%46016.62.2824.2%14.8%7.8%−6.1%−49.1%0.24%minus 0.7%
Median of 7 peers–−1.64%4,00722.01.589.6%7.7%8.5%0.6%−1.8%0.60%−4.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
356417321389478
351426285319451
5.3−9.136.570.826.7
1.5%−2.2%11.4%18.2%5.6%
1.12.30.43.82
13.917.711.51818.5
6.67.29.210.29.2
−14.1−31.716.146.41
2.6%−1.5%14.7%1.4%−43.9%
−13.7−32.213.845.81.5
-1.22-2.861.224.070.13

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−6.1%
Profit CAGR 3Y
−49.1%
EPS CAGR 3Y
−49.1%
ROE
14.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,7941,1511,3291,484
–minus 35.9%+15.5%+11.7%
1,5811,0511,2831,378
21399.946.5107
11.9%8.7%3.5%7.2%
−3.20.31.61.2
44.14144.357.8
18.129.127.533.2
0.8−0.21.6−0
14829.8−22.116.7
30.6%29.1%26.5%18.7%
10321.1−16.213.6
–minus 79.5%minus 176.9%–
9.161.88-1.441.21

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
11.311.311.311.3
210224205222
400566671726
296285243361
9161,0851,1311,320
278351401395
54.397.816856.3
3.63.55.16.5
17.839.918.315.2
563592538847
9161,0851,1311,320

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
394−37.321.343.7
−48.4−98.3−72.6−24.7
−34613152−18.8
−0.5−4.80.70.3
−59.2−103−77.4−24
335−140−56.119.8
−2.8−5.6−2.8–

Shareholding pattern

Source: NSE filings
44.5%
promoters
  • Promoters44.54%
  • Public55.46%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202644.54%55.46%0.00
30 Jun 202644.54%55.46%0.00
31 Mar 202644.54%55.46%minus 2.37
31 Dec 202546.91%53.09%minus 0.12
30 Sep 202547.03%52.97%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you