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Uttam Sugar Mills Ltd (UTTAMSUGAR)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532729 NSE: UTTAMSUGAR Sugar | Small Cap | Uttam Sugar Mills Share Price
₹322.85 -11.85 (-3.54%)
As on 21-Aug'26 16:59
Uttam Sugar Mills Ltd (UTTAMSUGAR)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532729 NSE: UTTAMSUGAR Sugar | Small Cap | Uttam Sugar Mills Share Price
₹322.85 -11.85 (-3.54%)
As on 21-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,231 Cr.
Current Price
₹322.9
52-Week Low / High
₹182 / 344
TTM EPS
₹21.9
TTM Sales
₹2,093 Cr.
Book Value per Share
₹226.8
P/E Ratio
14.72
Higher than its 5-year historical median
Industry PE
28.8
Price to Book (P/B)
1.42
Lower than its 5-year historical median
Price to Sales (P/S)
0.59
Higher than its 5-year historical median
EV/EBITDA
9.45
Higher than its 5-year historical median
Dividend Yield
0.77%
Profitability Efficiency
Return on Equity (ROE)
12.06%
Outperforms industry median
Return on Capital Employed (ROCE)
11.63%
Outperforms industry median
Return on Assets (ROA)
5.02%
Operating Profit Margin
10.5%
Net Profit Margin
4.68%
Gross Profit Margin
8.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.67%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
2.88%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
8.23%
Asset Quality
Promoter Holding
74.71%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹827 Cr.
Equity
₹38.1 Cr.
Face Value
₹10
All Time Low / High
₹9.14 / 535.20
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Strong
Is Uttam Sugar Mills Ltd a good quality company?
Uttam Sugar Mills Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Uttam Sugar Mills Ltd performance compare with that of its Peers?
Revenue growth of Uttam Sugar Mills Ltd vs industry peers?
Uttam Sugar Mills Ltd revenue CAGR is 1.74%, compared to the industry median CAGR of 2.69%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Uttam Sugar Mills Ltd?
Promoters hold 74.71% of the Uttam Sugar Mills Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Uttam Sugar Mills Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.4% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Uttam Sugar Mills Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 25.4% | 11.4% | 16.2% | 15.9% | 17.4% | 22.3% | 19.1% | 17.9% | 11.8% | 11.6% | - |
| Value Creation Index ⓘ | 0.8 | -0.2 | 0.2 | 0.1 | 0.2 | 0.6 | 0.4 | 0.3 | -0.2 | NA | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,085 | 1,243 | 1,228 | 1,645 | 1,819 | 2,034 | 2,059 | 2,047 | 1,793 | 2,110 | 2,093 |
| Sales YoY Gr. | - | 14.6% | -1.2% | 33.9% | 10.6% | 11.9% | 1.2% | -0.6% | -12.4% | 17.7% | - |
| Adj EPS ⓘ | 28.8 | 3.9 | 15.2 | 13.3 | 15.8 | 34.8 | 32.4 | 34.7 | 23.9 | 25.9 | 21.9 |
| YoY Gr. | - | -86.4% | 287.5% | -12.4% | 19% | 119.4% | -6.9% | 7% | -31% | 8.3% | - |
| BVPS (₹) ⓘ | 41.6 | 46.1 | 61.4 | 74.8 | 88.6 | 121.3 | 151.1 | 182.5 | 202.9 | 226.6 | 226.8 |
| Adj Net Profit ⓘ | 110 | 14.9 | 57.9 | 50.8 | 60.4 | 133 | 123 | 132 | 91.2 | 98.7 | 84 |
| Cash Flow from Ops. ⓘ | 4.6 | 50.7 | 143 | 14.5 | 179 | 320 | 158 | 33.4 | 113 | 255 | - |
| Debt/CF from Ops. ⓘ | 156.3 | 15.2 | 5.1 | 55.7 | 4.6 | 2 | 3.8 | 22.8 | 6.9 | 2.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.7% | 3% | 0.8% | 17.7% | ||||
| Adj EPS ⓘ | -1.2% | 10.3% | -7.2% | 8.3% | ||||
| BVPSⓘ | 20.7% | 20.7% | 14.5% | 11.7% | ||||
| Share Price | 19.3% | 12.5% | -3% | 22.5% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 85.2 | 8.9 | 28.2 | 19.6 | 19.4 | 33.1 | 23.8 | 20.8 | 12.4 | 12.1 | 9.7 |
| Op. Profit Mgn % ⓘ | 20 | 9.4 | 14 | 11.1 | 12 | 13.3 | 11.9 | 13 | 12 | 10.5 | 9.3 |
| Net Profit Mgn % ⓘ | 10.1 | 1.2 | 4.7 | 3.1 | 3.3 | 6.5 | 6 | 6.5 | 5.1 | 4.7 | 4 |
| Debt to Equity ⓘ | 4.5 | 4.4 | 3.1 | 2.8 | 2.4 | 1.4 | 1 | 1.1 | 1 | 0.8 | - |
| Working Cap Days ⓘ | 184 | 214 | 279 | 243 | 220 | 177 | 164 | 179 | 231 | 196 | 65 |
| Cash Conv. Cycle ⓘ | 78 | 112 | 128 | 76 | 87 | 81 | 100 | 124 | 174 | 140 | 12 |
Valuation of Uttam Sugar Mills - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,085 | 1,243 | 1,228 | 1,645 | 1,819 | 2,034 | 2,059 | 2,047 | 1,793 | 2,110 |
| Operating Expenses ⓘ + | 869 | 1,127 | 1,056 | 1,463 | 1,603 | 1,765 | 1,814 | 1,781 | 1,578 | 1,889 |
| Operating Profit ⓘ | 217 | 117 | 172 | 182 | 216 | 270 | 245 | 266 | 215 | 221 |
| Operating Profit Margin (%) | 20.0% | 9.4% | 14.0% | 11.1% | 11.9% | 13.3% | 11.9% | 13.0% | 12.0% | 10.5% |
| Other Income ⓘ + | 3 | 11 | 9 | 10 | 9 | 16 | 9 | 9 | 7 | 6 |
| Interest ⓘ | 74 | 80 | 80 | 79 | 86 | 75 | 52 | 56 | 54 | 47 |
| Depreciation ⓘ | 23 | 24 | 27 | 29 | 29 | 33 | 36 | 40 | 45 | 46 |
| Profit Before Tax ⓘ | 119 | 24 | 74 | 84 | 110 | 177 | 165 | 179 | 124 | 133 |
| Tax ⓘ | 12 | 7 | 16 | 33 | 50 | 42 | 41 | 47 | 33 | 34 |
| Profit After Tax | 107 | 17 | 58 | 52 | 60 | 135 | 124 | 132 | 91 | 99 |
| PAT Margin (%) | 9.8% | 1.4% | 4.7% | 3.1% | 3.3% | 6.6% | 6.0% | 6.5% | 5.1% | 4.7% |
| Adjusted EPS (₹) | 28.0 | 4.5 | 15.2 | 13.5 | 15.7 | 35.4 | 32.4 | 34.7 | 23.9 | 25.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 5.70% | 7.70% | 7.20% | 10.50% | 9.70% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 159 | 176 | 234 | 285 | 338 | 463 | 576 | 696 | 774 | 864 | |
| Debt + | 628 | 678 | 604 | 689 | 680 | 555 | 542 | 722 | 749 | 656 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 283 | 384 | 647 | 508 | 454 | 296 | 283 | 161 | 301 | 157 | |
| Others Liabilities ⓘ | 205 | 164 | 210 | 254 | 308 | 256 | 258 | 247 | 228 | 209 | |
| Total Liabilities ⓘ | 1,275 | 1,403 | 1,696 | 1,737 | 1,780 | 1,570 | 1,659 | 1,826 | 2,051 | 1,885 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 538 | 564 | 582 | 570 | 553 | 673 | 673 | 777 | 774 | 771 | |
| CWIP ⓘ | 11 | 17 | 11 | 45 | 127 | 4 | 7 | 1 | 1 | 4 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 5 | 29 | 70 | |
| Inventories | 611 | 721 | 989 | 930 | 928 | 800 | 851 | 930 | 1,128 | 931 | |
| Trade Receivables | 53 | 49 | 53 | 50 | 48 | 61 | 53 | 40 | 70 | 50 | |
| Cash Equivalents | 37 | 23 | 14 | 10 | 9 | 12 | 10 | 7 | 8 | 12 | |
| Others Assets ⓘ | 25 | 28 | 47 | 131 | 112 | 20 | 66 | 66 | 42 | 46 | |
| Total Assets ⓘ | 1,275 | 1,403 | 1,696 | 1,737 | 1,780 | 1,570 | 1,659 | 1,826 | 2,051 | 1,885 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 5 | 51 | 143 | 15 | 179 | 320 | 158 | 33 | 113 | 255 |
| Cash Flow From Investing Activity ⓘ + | -25 | -50 | -46 | -46 | -88 | -28 | -50 | -137 | -60 | -86 |
| Cash Flow From Financing Activity ⓘ + | 36 | -21 | -100 | 19 | -83 | -286 | -110 | 102 | -53 | -165 |
| Net Cash Flow ⓘ | 16 | -21 | -3 | -13 | 8 | 6 | -2 | -2 | 0 | 4 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 205.76 | 10.16 | 28.34 | 19.88 | 19.18 | 33.7 | 23.79 | 20.78 | 12.41 | 12.06 |
| ROCE (%) | 25.44 | 11.39 | 16.16 | 15.91 | 17.41 | 22.3 | 19.13 | 17.86 | 11.83 | 11.63 |
| Asset Turnover Ratio | 0.98 | 0.94 | 0.79 | 0.96 | 1.03 | 1.21 | 1.28 | 1.17 | 0.93 | 1.07 |
| PAT to CFO Conversion(x) | 0.05 | 3 | 2.47 | 0.29 | 2.98 | 2.37 | 1.27 | 0.25 | 1.24 | 2.58 |
| Working Capital Days | ||||||||||
| Receivable Days | 17.60 | 14.80 | 15.20 | 11.50 | 9.90 | 9.80 | 10.10 | 8.30 | 11.10 | 10.40 |
| Inventory Days | 158.10 | 192.20 | 254 | 212.90 | 186.50 | 155 | 146.30 | 158.80 | 209.40 | 178.10 |
| Payable Days | 146.60 | 126.20 | 216.10 | 172.30 | 130.60 | 91.80 | 68.90 | 54.20 | 64.60 | 52.40 |
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Uttam Sugar Mills Ltd FAQs
The current trading price of Uttam Sugar Mills on 21-Aug-2026 16:59 is ₹322.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Aug-2026 the market cap of Uttam Sugar Mills stood at ₹1,231.3 Cr
The latest P/E ratio of Uttam Sugar Mills as of 20-Aug-2026 is 14.72.
The latest P/B ratio of Uttam Sugar Mills as of 20-Aug-2026 is 1.42.
The 52-week high of Uttam Sugar Mills is ₹343.9 and the 52-week low is ₹181.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Uttam Sugar Mills is ₹2,093 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Uttam Sugar Mills Ltd is a average quality company.
The key valuation ratios of Uttam Sugar Mills Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Uttam Sugar Mills Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Uttam Sugar Mills Ltd
Uttam Sugar Mills Ltd. is among the leading producer of Double Refined Sugar in the Country. With extensive Research and Development, Uttam Sugar is now producing the best quality sugar in the country. After entering into packaged sugar, company has now moved from ‘Selling a Commodity’ to ‘Marketing of a Product’.
The company has ten folded its production in the last ten years with 2,000 TCD in 2001 to 20,000 TCD in 2011. Since its inception, the company has striven to achieve total customer satisfaction. It is the policy of all Group Units to strictly follow the tenets of Uttam Quality.
With a widespread distribution network that traverses through all of Northern India, Central India and parts of Western India like Rajasthan and Gujrat, it can be found on the shelves of all the major retail store of the country, In addition to this, the company’s clients are some of the best known as FMCG sector like Rasna, Safal, Patanjali, Britannia, Cadbury & Heinz.
White refined and brown are available in a range of packaging including 1, 5 & 10 kg bags and the consumers packages for direct sale. Also the company has invert sugar syrup. It is also doing R&D to add more quality sweetener product to its portfolio.
Business area of the company
The Company is engaged in the manufacture of Sugar, Industrial Alcohol and Generation of Power.
Products
Sugar: The company is engaged in manufacturing of sugar including of Sulphur-less Refined Sugar, Double Refined, packed in small packaging, Natural Brown Sugar etc. Its sugar which being produced are regularly matched with NSI standard and norms. Similarly, it is complying and following up all the rules and regulations of FSSAI and its sugar being packed in very hygienic conditions.
Ethanol and Industrial Alcohol: Molasses is generated as by- product during the manufacturing of Sugar. It is the raw material for manufacture of Industrial Alcohol and Ethanol. The production of Alcohol and Ethanol is being done at Distillery where the company has ensured Zero Liquid Discharge (ZLD) by the latest process of concentration of Spent wash through Multi Effect Evaporators and incineration of concentrated Spent Wash through slop Boilers. Ethanol being supplied to Oil manufacturing Company for blending with Petrol under the Policy of Central Government of India. Ethanol is ECO Friendly fuel and helps to save foreign exchange also by reducing import of crude oil.
Power: The company is having the facility of Bagasse based Co-generation of Power which is a great alternative to Fossil Fuels and reduces the gas emission to safeguard the environment. The Power generation based on Bagasse is a renewal source of Energy. The said power is used for captive consumption as well as surplus power is being exported to Uttar Pradesh Power Corporation Ltd (UPPCL) under the Power Purchase Agreement with them.
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