Ugar Sugar Works Ltd (UGARSUGAR) AI Stock Analysis

• Market Cap: ₹4.67B
• Dividend Yield: 0.6%
• Average Volume (3M): 20.77K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.57
• Revenue Growth: 7.15%
• EPS Growth: -198.37%
• Country: IN
• Employees: 905
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Food Confectioners
• EPS (TTM): -1.22
• Shares Outstanding: 112,500,000
• 10 Day Avg. Volume: 18,102
• 30 Day Avg. Volume: 20,765
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹41.00
• Price Target Upside: 1.13% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 41 Neutral
• Price Target: ₹41.00 ▲(1.13% Upside)

Ugar Sugar Works Ltd's overall stock score is driven by poor financial performance and weak technical indicators. Financial instability, negative profitability, and bearish market sentiment outweigh any operational efficiencies and contribute significantly to the low score.

Ugar Sugar Works Ltd Business Overview & Revenue Model

Company Description

Ugar Sugar Works Ltd (UGARSUGAR) is an Indian company primarily engaged in the manufacturing and sale of sugar and its by-products. The company operates within the agricultural sector, focusing on the production of sugarcane-derived products. Ugar Sugar Works Ltd is one of the leading sugar manufacturers in India, also producing ethanol, power, and other related products, thereby contributing to the integrated agro-industrial sector.

How the Company Makes Money

Ugar Sugar Works Ltd generates revenue primarily through the sale of sugar, which is its core product. As a vertically integrated company, it also creates income streams from the production and sale of ethanol and power, which are by-products of the sugar manufacturing process. The company benefits from government incentives related to ethanol blending programs and renewable energy initiatives, which enhance its profitability. Additionally, Ugar Sugar Works Ltd may engage in strategic partnerships with other firms in the agricultural and energy sectors to bolster its market presence and optimize its operations.

Ugar Sugar Works Ltd Financial Statement Overview

Summary

Ugar Sugar Works Ltd faces significant financial challenges with declining revenues, negative net income, high leverage, and inconsistent cash flows. Despite some operational efficiency, financial instability is evident.

Income Statement

Ugar Sugar Works Ltd has shown declining revenue over the last few years, with a significant drop in revenue from 2023 to 2025. The net profit margin has also turned negative in 2025, indicating a loss. Gross profit margin and EBIT margin are low, highlighting challenges in maintaining profitability. However, there were periods of positive EBITDA margin, suggesting some operational efficiency.

Balance Sheet

The company's balance sheet shows high leverage with a substantial debt-to-equity ratio, posing financial risk. Stockholders' equity has improved modestly, but total liabilities remain high. The equity ratio is relatively low, indicating a higher reliance on debt financing, which could impact financial stability.

Cash Flow

Cash flow analysis reveals inconsistencies, with negative free cash flow in recent years and volatile operating cash flow. The operating cash flow to net income ratio highlights challenges in converting earnings into cash flow, which could affect liquidity. Positive free cash flow in 2023 was not sustained in 2024 and 2025, raising concerns about cash management.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	13.30B	11.51B	17.94B	11.14B	9.10B
Gross Profit	1.63B	1.96B	3.58B	1.88B	1.16B
EBITDA	538.25M	1.03B	2.11B	1.01B	703.56M
Net Income	-162.50M	211.43M	1.03B	433.28M	170.53M
Balance Sheet
Total Assets	11.31B	10.85B	9.16B	11.64B	8.93B
Cash, Cash Equivalents and Short-Term Investments	217.01M	398.99M	177.94M	72.70M	64.01M
Total Debt	6.11B	5.66B	4.00B	7.00B	6.10B
Total Liabilities	9.15B	8.50B	6.96B	10.42B	8.13B
Stockholders Equity	2.16B	2.35B	2.21B	1.22B	805.00M
Cash Flow
Free Cash Flow	-561.42M	-1.40B	3.35B	-385.42M	-838.75M
Operating Cash Flow	213.06M	-373.18M	3.94B	930.02M	-777.66M
Investing Cash Flow	-725.84M	-982.60M	-484.19M	-1.31B	-55.06M
Financing Cash Flow	520.28M	1.31B	-3.46B	391.51M	787.17M

Ugar Sugar Works Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 40.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UGARSUGAR, the sentiment is Negative. The current price of 40.54 is below the 20-day moving average (MA) of 44.31, below the 50-day MA of 46.95, and below the 200-day MA of 54.23, indicating a bearish trend. The MACD of -1.86 indicates Positive momentum. The RSI at 26.97 is Positive, neither overbought nor oversold. The STOCH value of 15.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:UGARSUGAR.

Ugar Sugar Works Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAWANASUG	67 Neutral	₹3.50B	3.49		4.47%	3.16%	106.26%
SAKHTISUG	57 Neutral	₹2.74B	3.28		―	-12.14%	-38.38%
Sector *	57 Neutral	$3.22B	9.46	-34.32%	2.94%	-25.56%	-353.61%
KOTARISUG	57 Neutral	₹2.38B	22.81		3.49%	-38.33%	-64.65%
VISHWARAJ	45 Neutral	₹1.93B	―		2.23%	-17.42%	-363.19%
UGARSUGAR	41 Neutral	₹4.67B	―		0.60%	7.15%	-198.37%

Ugar Sugar Works Ltd Corporate Events

Ugar Sugar Works Ltd Appoints New Secretarial Auditor

Ugar Sugar Works Ltd has announced the appointment of Mrs. Manasi Amey Joshi as the new Secretarial Auditor for the company, effective from the financial year 2025-26 to 2029-30. This appointment follows the expiry of the previous auditor’s term and aligns with regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations. The appointment is part of the company’s compliance strategy to ensure adherence to updated regulations, which may impact its governance and operational transparency.