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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

₹231.60 1.05 (0.46%)

As on 04-Jun'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

₹231.60 1.05 (0.46%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹883 Cr.
Current Price
₹231.6
52-Week Low / High
₹182 / 326
TTM EPS
₹25.9
TTM Sales
₹2,110 Cr.
Book Value per Share
₹226.6
P/E Ratio
8.95
Lower than its 5-year historical median
Industry PE
24.5
Price to Book (P/B)
1.02
Lower than its 5-year historical median
Price to Sales (P/S)
0.42
Lower than its 5-year historical median
EV/EBITDA
6.82
In line with its 5-year historical median
Dividend Yield
0.97%
Profitability Efficiency
Return on Equity (ROE)
12.41%
Outperforms industry median
Return on Capital Employed (ROCE)
11.83%
Outperforms industry median
Return on Assets (ROA)
4.71%
Operating Profit Margin
12%
Net Profit Margin
5.09%
Gross Profit Margin
9.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-12.39%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-19.03%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-31%
Asset Quality
Promoter Holding
74.71%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹826 Cr.
Equity
₹38.1 Cr.
Face Value
₹10
All Time Low / High
₹9.14 / 535.20

Uttam Sugar Mills stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 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?
Q.1 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 2.83%, indicating slower growth and losing its market share.
Q.1 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.
Q.1 Stock return of Uttam Sugar Mills Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.1% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.5%25.4%11.4%16.2%15.9%17.4%22.3%19.1%17.9%11.8%-
Value Creation
Index
-0.30.8-0.20.20.10.20.60.40.3-0.2-

Growth Parameters

Sales 1,0801,0851,2431,2281,6451,8192,0342,0592,0471,7932,110
Sales YoY Gr.-0.5%14.6%-1.2%33.9%10.6%11.9%1.2%-0.6%-12.4%-
Adj EPS 5.428.83.915.213.315.834.832.434.723.925.9
YoY Gr.-431.8%-86.4%287.5%-12.4%19%119.4%-6.9%7%-31%-
BVPS (₹) -19.341.646.161.474.888.6121.3151.1182.5202.9226.6
Adj Net
Profit
20.611014.957.950.860.413312313291.299
Cash Flow from Ops. 1654.650.714314.517932015833.4113-
Debt/CF from Ops. 5156.315.25.155.74.623.822.86.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.8%1.7%-4.1%-12.4%
Adj EPS 18%12.4%-11.7%-31%
BVPSNA22.1%18.7%11.2%
Share Price 15.6% 10% -4.6% -25.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1785.28.928.219.619.433.123.820.812.412.1
Op. Profit
Mgn %
10209.41411.11213.311.9131210.5
Net Profit
Mgn %
1.910.11.24.73.13.36.566.55.14.7
Debt to
Equity
37.64.54.43.12.82.41.411.110
Working Cap
Days
22618421427924322017716417923165
Cash Conv.
Cycle
-07811212876878110012417412

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales8101,0851,2431,2281,6451,8192,0342,0592,0471,793
Operating Expenses + 7298691,1271,0561,4631,6031,7651,8141,7811,578
Manufacturing Costs46718094102107121123127117
Material Costs6387299668711,2241,3451,4901,5341,4951,304
Employee Cost 33475562718186100108111
Other Costs 13212730657067585246
Operating Profit 81217117172182216270245266215
Operating Profit Margin (%) 10.0%20.0%9.4%14.0%11.1%11.9%13.3%11.9%13.0%12.0%
Other Income + 4311910916997
Exceptional Items 0-500000000
Interest 50748080798675525654
Depreciation 17232427292933364045
Profit Before Tax 18119247484110177165179124
Tax 212716335042414733
Profit After Tax 151071758526013512413291
PAT Margin (%) 1.9%9.8%1.4%4.7%3.1%3.3%6.6%6.0%6.5%5.1%
Adjusted EPS (₹)4.128.04.515.213.515.735.432.434.723.9
Dividend Payout Ratio (%)0%0%0%0%0%0%5.70%7.70%7.20%10.50%

Valuation of Uttam Sugar Mills - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 99159176234285338463576696774
Share Capital 110383838383838383838
Reserves -11121138196247300425538658736
Debt +537628678604689680555542722749
Long Term Debt40934225827723117787256646
Short Term Debt128285420327457503468517656702
Minority Interest0000000000
Trade Payables303283384647508454296283161301
Others Liabilities 106205164210254308256258247228
Total Liabilities 1,0441,2751,4031,6961,7371,7801,5701,6591,8262,051

Fixed Assets

Net Fixed Assets +531538564582570553673673777774
Gross Block7995606116556736848378731,0151,054
Accumulated Depreciation268234774103131164200238280
CWIP 16111711451274711
Investments 00000300529
Inventories3776117219899309288008519301,128
Trade Receivables57534953504861534070
Cash Equivalents 33372314109121078
Others Assets 3225284713111220666642
Total Assets 1,0441,2751,4031,6961,7371,7801,5701,6591,8262,051

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1235511431517932015833113
PBT 18119247484110177165179124
Adjustment 6694981009910996828995
Changes in Working Capital 39-208-66-29-152-4248-52-193-82
Tax Paid -00-5-1-171-1-36-41-24
Cash Flow From Investing Activity + -8-25-50-46-46-88-28-50-137-60
Capex -9-25-52-52-47-84-34-50-124-45
Net Investments 00000-330-13-16
Others 11260-03001
Cash Flow From Financing Activity + -10336-21-10019-83-286-110102-53
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000003481081
Interest Paid -56-69-72-67-70-74-60-42-46-49
Dividend Paid 0000000-8-9-10
Others -4710651-3388-10-259-69505
Net Cash Flow 1216-21-3-1386-2-20

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0205.7610.1628.3419.8819.1833.723.7920.7812.41
ROCE (%)10.4525.4411.3916.1615.9117.4122.319.1317.8611.83
Asset Turnover Ratio0.770.980.940.790.961.031.211.281.170.93
PAT to CFO Conversion(x)8.20.0532.470.292.982.371.270.251.24
Working Capital Days
Receivable Days17.7017.6014.8015.2011.509.909.8010.108.3011.10
Inventory Days181.20158.10192.20254212.90186.50155146.30158.80209.40
Payable Days199.90146.60126.20216.10172.30130.6091.8068.9054.2064.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Uttam Sugar Mills Ltd FAQs

The current trading price of Uttam Sugar Mills on 04-Jun-2026 16:59 is ₹231.6.

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 03-Jun-2026 the market cap of Uttam Sugar Mills stood at ₹883.3 Cr

The latest P/E ratio of Uttam Sugar Mills as of 03-Jun-2026 is 8.95.

The latest P/B ratio of Uttam Sugar Mills as of 03-Jun-2026 is 1.02.

The 52-week high of Uttam Sugar Mills is ₹326.1 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 ₹2,110 ( 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 Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Uttam Sugar Mills Ltd is likely to Rise-somewhat 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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