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Uttam Sugar Mills Limited (IN:UTTAMSUGAR)
:UTTAMSUGAR
India Market
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Uttam Sugar Mills Limited (UTTAMSUGAR) AI Stock Analysis

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IN:UTTAMSUGAR

Uttam Sugar Mills Limited

(UTTAMSUGAR)

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Neutral 60 (OpenAI - 5.2)
Rating:60Neutral
Price Target:
₹246.00
▼(-0.04% Downside)
Action:Reiterated
Date:05/19/26
The score is driven primarily by decent but uneven fundamentals (profitability and improving leverage offset by margin compression and volatile free cash flow). Technical signals are weak and weigh on the score, while the low P/E provides a meaningful valuation cushion.
Positive Factors
Integrated sugar-ethanol-power model
The firm's vertically integrated model—sugar production plus ethanol and biomass cogeneration—creates diversified, structurally linked revenue streams. Alignment with India's ethanol program provides steady demand and policy support, reducing single-product cyclicality and improving cash conversion across seasons.
Negative Factors
Weak top-line momentum
Stagnant or declining revenues over several years limit the firm's ability to grow operating scale and dilute fixed costs. In a commodity-linked sector, limited top-line growth constrains margin expansion and capital return potential, making long-term earnings improvements harder without structural demand or capacity gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated sugar-ethanol-power model
The firm's vertically integrated model—sugar production plus ethanol and biomass cogeneration—creates diversified, structurally linked revenue streams. Alignment with India's ethanol program provides steady demand and policy support, reducing single-product cyclicality and improving cash conversion across seasons.
Read all positive factors

Uttam Sugar Mills Limited (UTTAMSUGAR) vs. iShares MSCI India ETF (INDA)

Uttam Sugar Mills Limited Business Overview & Revenue Model

Company Description
Uttam Sugar Mills Limited, together with its subsidiaries, manufactures and sells sugar products under the Uttam brand in India. It operates through: Sugar, Cogeneration, and Distillery segments. The company also produces industrial alcohol and et...
How the Company Makes Money
Uttam Sugar Mills primarily earns revenue by selling sugar produced from sugarcane to institutional buyers, wholesalers, and other trade channels, with realizations influenced by domestic sugar pricing and sales volumes. A second major revenue str...

Uttam Sugar Mills Limited Financial Statement Overview

Summary
Consistently profitable with improving leverage (debt-to-equity down to ~0.82) and growing equity base, but revenue has been flat to down and margins have meaningfully compressed versus 2022–2024. Free cash flow is positive in 2026 but historically volatile, including a negative year, which limits confidence in consistency.
Income Statement
63
Positive
Balance Sheet
66
Positive
Cash Flow
55
Neutral
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue22.02B22.02B18.46B20.47B20.59B20.34B
Gross Profit5.60B3.68B3.38B5.52B4.13B3.07B
EBITDA2.56B2.29B2.21B2.72B2.51B2.82B
Net Income1.13B1.00B883.10M1.32B1.24B1.35B
Balance Sheet
Total Assets12.95B19.37B21.48B17.85B16.22B15.70B
Cash, Cash Equivalents and Short-Term Investments205.40M166.10M217.40M46.23M63.99M89.31M
Total Debt2.77B7.22B8.33B7.61B5.94B6.40B
Total Liabilities4.91B10.48B13.25B10.89B10.46B11.07B
Stockholders Equity7.92B8.77B7.88B6.96B5.76B4.63B
Cash Flow
Free Cash Flow6.29B1.68B546.00M-907.59M1.07B2.85B
Operating Cash Flow6.65B2.26B1.02B333.46M1.58B3.20B
Investing Cash Flow-590.20M-796.90M-619.60M-1.37B-500.43M-280.70M
Financing Cash Flow-5.97B-1.42B-404.90M1.02B-1.10B-2.86B

Uttam Sugar Mills Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price246.10
Price Trends
50DMA
237.65
Positive
100DMA
230.76
Positive
200DMA
240.60
Positive
Market Momentum
MACD
-0.01
Positive
RSI
46.73
Neutral
STOCH
44.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UTTAMSUGAR, the sentiment is Neutral. The current price of 246.1 is below the 20-day moving average (MA) of 253.17, above the 50-day MA of 237.65, and above the 200-day MA of 240.60, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 46.73 is Neutral, neither overbought nor oversold. The STOCH value of 44.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:UTTAMSUGAR.

Uttam Sugar Mills Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
60
Neutral
₹9.37B9.500.95%19.27%13.55%
60
Neutral
₹9.39B16.402.63%2.20%-34.95%
59
Neutral
₹9.28B7.4910.36%25.84%
59
Neutral
₹6.77B3.502.49%-5.88%-41.97%
54
Neutral
₹2.08B28.69-20.40%-36.29%
52
Neutral
₹2.11B-1.681.47%-86.13%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:UTTAMSUGAR
Uttam Sugar Mills Limited
242.05
-75.17
-23.70%
IN:AVADHSUGAR
Avadh Sugar & Energy Ltd.
475.55
-78.91
-14.23%
IN:DHAMPURSUG
Dhampur Sugar Mills Limited
146.05
-0.75
-0.51%
IN:KOTARISUG
Kothari Sugars & Chemicals Ltd.
25.23
-14.20
-36.01%
IN:MAGADSUGAR
Magadh Sugar & Energy Ltd.
470.35
-249.29
-34.64%
IN:SAKHTISUG
Sakthi Sugars Limited
17.78
-7.34
-29.22%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: May 19, 2026