Arthneeti

Ugar Sugar Works Q2 FY27 Share Price & Earnings Call Analysis

₹42.27+3.25% today
Market cap
₹476 Cr
P/E
17.21
ROE
6.05%
PEG
-0.35
Price to sales
0.31
Debt to equity
2.22
52W high / low
₹64.0 / ₹35.4
Sales growth (5Y)
9.21%
EBITDA margin
8.06%
Net profit margin
0.92%
Promoter holding
44.54%
Sales (last year)
₹1,537 Cr

Incorporated in 1939, The Ugar Sugar Works Ltd manufactures and sells sugar, industrial and potable alcohol, and does generation and distribution of electricity[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Agricultural Food & other Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Ugar Sugar Works rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Agricultural Food & other Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹890 Cr13.7
240%+Up 0–2%₹125 Cr6.8
340%+Flat₹22 Cr9.0
420–40%Up 2%+₹221 Cr15.1
520–40%Up 2%+₹185 Cr17.4
620–40%Up 0–2%₹2,130 Cr27.1

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Pro shows every company guiding 40%+ revenue growth →Full Agricultural Food & other Products ranking

Financials of Ugar Sugar Works

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Ugar Sugar Works

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +44.34%44.45%44.45%44.41%44.81%46.57%46.73%47.03%46.75%44.54%44.54%44.54%
FIIs +2.57%2.05%1.57%0.61%0.50%0.38%0.67%0.19%0.17%0.19%0.09%0.21%
DIIs +0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.14%
Public +53.08%53.50%53.97%54.98%54.69%53.05%52.60%52.78%53.07%55.26%55.35%55.11%
No. of Shareholders63,47166,32765,48261,83061,14661,78862,15163,87472,33772,68772,17471,563

Financials of Ugar Sugar Works

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +234361368316240263511356417321389478348
Expenses +254300345309285242453351426285319451358
Operating Profit-2061247-4420585-9377127-10
OPM %-9%17%6%2.2%-18%8%11%1.5%-2.2%11%18%6%-2.9%
Other Income +41262425120423
Interest981813121211141812181816
Depreciation77877777791099
Profit before tax-324723-11-60445-14-3216461-32
Tax %2%1%25%7%0%-24%-14%-3%2%15%1%-44%3%
Net Profit +-334617-12-60551-14-3214461-33
EPS in Rs-2.954.101.54-1.05-5.340.404.54-1.22-2.861.224.070.13-2.97

Financials of Ugar Sugar Works

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +6528375856507508709561,1371,7941,1511,3301,4841,537
Expenses +6317875216717008028881,0381,5851,0811,2891,3811,413
Operating Profit215065-21506868992097040104124
OPM %3.2%6%11%-3.2%7%8%7%9%12%6%3.0%7%8%
Other Income +398393626331389
Interest15293029384343444944486164
Depreciation15161519151412111829283338
Profit before tax-61528-66514194614830-221731
Tax %-45%24%7%3%21%1%8%7%31%29%-26%19%
Net Profit +-31126-68414174310321-161428
EPS in Rs-0.291.002.31-6.060.391.221.523.859.161.88-1.441.212.45
Dividend Payout %0%25%9%0%0%8%13%6%5%13%0%8%

Financials of Ugar Sugar Works

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital11111111111111111111111111
Reserves728010234405268109210224205222190
Borrowings +190278364474554514610700347514611668447
Other Liabilities +376390140341278252202341348336304417173
Total Liabilities6497596178608838308921,1629161,0851,1311,318822
Fixed Assets +170158164163152136127117224254234340323
CWIP234101311238791483535
Investments6664444444555
Other Assets +471592444691726689759929651749743939458
Total Assets6497596178608838308921,1629161,0851,1311,318822

Financials of Ugar Sugar Works

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +75-38-1337-4645-7893394-372144
Cash from Investing Activity +-26-4-20-13-2-1-6-131-48-98-73-25
Cash from Financing Activity +-603844-1530-377939-34613152-19
Net Cash Flow-10-4118-196-51-0-510
Free Cash Flow48-44-3337-4645-84-39335-140-5620
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit362%-74%-3%-176%-91%66%-115%97%203%-26%54%38%

Financials of Ugar Sugar Works

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1262725145192838453334
Inventory Days31822938140843233031433198205178230
Days Payable17598818613496579640713882
Cash Conversion Cycle15419438024831223927626396179173181
Working Capital Days-711-5-67-46-137315-20-30-27
ROCE %3%14%14%-7%8%10%10%12%28%11%3%9%
36out of 100

Momentum score · price trend

36 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+8.1%68%
Last 6 months+9.6%68%
Last 3 months+17.1%88%

The price is 65% below its all-time high of ₹133 (4 Aug 2023). Stocks more than 20% below their peak have their score halved, so 72 became 36.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Ugar Sugar Works: 0.4 × 68 + 0.4 × 68 + 0.2 × 88 = 72, halved to 36 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 23 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Ugar Sugar Works's management said in earlier quarters

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