On 6 Nov 2026, Uttam Sugar Mills was priced at ₹359.60, or 15.2× trailing earnings, against an industry P/E of 15.1×, and the shares are 10% below their 52-week high. Sales grew 2.2% a year over 3 years while net profit fell 6.7%; its ROCE of 17% is the highest among the 7 largest Confectioners peers. It carries very little debt, and its dividend yield is 0.7%. It is a small-cap company with a market cap of ₹1,371 Cr, ranked 8th of 37 Confectioners companies by market cap; the shares rose 46% over the past year.
- ₹357.40
- ₹365.40
- ₹351.25
- ₹357.85
- 1.9 L
Health check
- ReturnsAhead
+46.2% over a year, better than 5 of 7 peers.
- Price tagIn line
P/E 15.2 vs industry 15.1.
- GrowthSteady
Sales +2.2%, profit −6.7% a year over 3 years.
- ProfitabilityAverage
ROCE 17.3% vs peer median 9.6%.
- Balance sheetFair
Debt 0.08× equity, interest covered 3.7×, Piotroski 8 of 9.
- Red flags1 to check
Quarterly sales down 15.1% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,371 Cr
- Small cap
- P/E
- 15.2
- Industry 15.1
- Price to book
- 1.56
- Peers 1.58
- Dividend yield
- 0.70%
- ROE
- 10.8%
- Peers 7.7%
- ROCE
- 17.3%
- Peers 9.6%
- Debt to equity
- 0.08
- Debt ₹72 Cr
- EPS (TTM)
- ₹23.72
- Face value ₹10
- OPM (TTM)
- 9.8%
- Net margin 4.3%
- Sales growth
- −15.1%
- Latest quarter vs a year ago
- Profit growth
- +357.1%
- Latest quarter vs a year ago
- Price to sales
- 0.66
- EV/EBITDA 6.9
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 357.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly sales down 15.1% on a year ago.
About Uttam Sugar Mills
Uttam Sugar Mills Limited manufactures and sells sugar products under the Uttam brand in India and internationally. It operates through three segments: Sugar, Cogeneration, and Distillery. The company offers pharma, double refined, planation white, and demerara sugar, as well as invert sugar syrup; and liquid, natural brown, sulphur free and bura, icing, superfine, mishri candi, white sachet, brown, table, brown and white cube, and caster sugar. It also…
- Headquarters
- Noida
- Employees
- 806
- Sector
- Consumer Defensive
- ISIN
- INE786F01031
- Website
- uttamsugar.in
Price range
- Avg volume (3M)
- 6.3 L
- 1-year return
- plus 46.2%
- From 52-week high
- minus 10.3%
Peers · Confectioners
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BALRAMCHINBalrampur Chini Mills | 670.30 | minus 1.21% | 14,186 | 32.9 | 2.98 | 11.8% | 9.7% | 11.7% | 10.4% | 10.0% | 0.60% | plus 50.8% |
| TRIVENITriveni Engineering & Industries | 240.01 | minus 1.29% | 5,289 | 15.1 | 1.58 | 12.1% | 8.3% | 8.5% | 4.0% | −46.9% | 1.15% | minus 32.1% |
| BAJAJHINDBajaj Hindusthan Sugar | 18.59 | minus 1.64% | 4,441 | 15.1 | 4.41 | 1.7% | 6.4% | 5.1% | −4.4% | – | 0.00% | minus 13.9% |
| BANARISUGBannari Amman Sugars | 3,195.70 | minus 7.23% | 4,007 | 32.9 | 2.09 | 8.7% | 8.0% | 9.3% | −8.8% | 1.0% | 0.39% | minus 4.3% |
| RENUKAShree Renuka Sugars | 18.19 | minus 2.31% | 3,872 | – | −1.23 | −27.3% | – | −0.5% | 0.6% | – | 0.00% | minus 36.3% |
| DALMIASUGDalmia Bharat Sugar and Industries | 477.50 | plus 0.16% | 3,865 | 19.0 | 1.20 | 9.6% | 7.3% | 10.8% | 3.7% | −1.8% | 1.26% | plus 40.9% |
| AVADHSUGARAvadh Sugar & Energy | 824.35 | minus 6.17% | 1,650 | 25.0 | 1.47 | 10.3% | 5.1% | 8.3% | −1.2% | −17.0% | 1.14% | plus 107.3% |
| UTTAMSUGARUttam Sugar Mills | 359.60 | plus 0.49% | 1,371 | 15.2 | 1.56 | 17.3% | 12.0% | 9.4% | 2.2% | −6.7% | 0.70% | plus 46.2% |
| Median of 7 peers | – | −1.64% | 4,007 | 22.0 | 1.58 | 9.6% | 7.7% | 8.5% | 0.6% | −1.8% | 0.60% | −4.3% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 582 | 521 | 470 | 606 | 494 | |
| 559 | 464 | 372 | 580 | 471 | |
| 22.9 | 57.4 | 98.4 | 26.2 | 22.6 | |
| 3.9% | 11.0% | 20.9% | 4.3% | 4.6% | |
| 3.3 | 2 | 1.8 | 1.3 | 1.6 | |
| 12.4 | 6.3 | 13 | 13.3 | 5.5 | |
| 12.2 | 12.5 | 12.3 | 12.5 | 12.5 | |
| – | – | −1.4 | – | – | |
| 1.7 | 40.7 | 73.6 | 1.7 | 6.2 | |
| 41.0% | 25.4% | 25.6% | 22.2% | 27.2% | |
| 1 | 30 | 54.8 | 1.2 | 4.5 | |
| 0.26 | 7.86 | 14.36 | 0.32 | 1.18 |
Profit & loss
- Sales CAGR 3Y
- +2.2%
- Profit CAGR 3Y
- −6.7%
- EPS CAGR 3Y
- −6.7%
- ROE
- 10.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,051 | 2,047 | 1,829 | 2,189 | |
| – | minus 0.2% | minus 10.6% | +19.7% | |
| 1,806 | 1,781 | 1,616 | 1,960 | |
| 245 | 266 | 213 | 229 | |
| 11.9% | 13.0% | 11.7% | 10.5% | |
| 5.5 | 8.5 | 5.3 | 4.3 | |
| 49.3 | 55.7 | 53.8 | 49.2 | |
| 36.3 | 39.8 | 46.6 | 49 | |
| 0.2 | 0 | 0 | 0 | |
| 165 | 179 | 118 | 135 | |
| 25.1% | 26.1% | 27.3% | 25.6% | |
| 124 | 132 | 88.3 | 100 | |
| – | +6.9% | minus 33.2% | +13.6% | |
| 32.41 | 34.67 | 23.16 | 26.30 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 38.1 | 38.1 | 38.1 | 38.1 | |
| 538 | 658 | 750 | 838 | |
| 594 | 761 | 833 | 722 | |
| 452 | 327 | 527 | 339 | |
| 1,622 | 1,785 | 2,148 | 1,937 | |
| 693 | 778 | 884 | 892 | |
| 20.7 | 2.1 | 2.5 | 12 | |
| 0.1 | 13.3 | 0.2 | 0.2 | |
| 6.4 | 4.6 | 4.9 | 9.3 | |
| 902 | 987 | 1,257 | 1,024 | |
| 1,622 | 1,785 | 2,148 | 1,937 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 158 | 33.3 | 102 | 270 | |
| −50 | −137 | −62 | −79.1 | |
| −110 | 102 | −40.5 | −187 | |
| −2.2 | −1.8 | −0.6 | 4.4 | |
| −50.7 | −124 | −47.3 | −57.7 | |
| 107 | −90.8 | 54.6 | 213 | |
| −9.3 | −11 | −10.6 | −10.3 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 0.0% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.