About
The Ugar Sugar Works Limited manufactures and sells sugar, and industrial and potable alcohol in India. The company operates through Sugar, Industrial Alcohol, Potable Alcohol, Co-Generation, and Petroleum Products Sales segments. It offers white crystal sugar and its byproducts, such as bagasse, filter cake, and final molasses. The company also provides various distillery products, such as IML products under the Old Castle Premium Whisky, U.S. Whisky, U.S. Brandy, U.S. Gin, Ugar XXX Rum, Gokak Falls Whisky, Milan Whisky, Hawk Gin, and Gagarin Vodka brands; ethanol; rectified spirit; malt spirit; and extra neutral alcohol. In addition, it offers distillery byproducts comprising fermentation sludge, which is used in poultry feeds; fusel oil that is used in amyl alcohols/perfumes; and carbon dioxide for industrial purpose, as well as low grade potash. Further, it generates and distributes electricity. The company also exports its products through merchant exporters. The Ugar Sugar Works Limited was incorporated in 1939 and is based in Belgaum, India.
Key Metrics
as of Sep 2026Market Cap601 Cr
P/E8.77
Div Yield0.19 %
Book Value₹15.40
52w High₹62.10
52w Low₹33.10
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 234.00 | 188.00 | 608.00 | 594.00 | 256.00 | 335.00 | 363.00 | 299.00 | 253.00 | 222.00 | 320.00 | 235.00 | 191.00 |
| Expenses | 254.00 | 182.00 | 503.00 | 518.00 | 253.00 | 311.00 | 335.00 | 234.00 | 246.00 | 223.00 | 296.00 | 189.00 | 194.00 |
| Operating Profit | -20.00 | 6.00 | 105.00 | 75.00 | 3.00 | 24.00 | 29.00 | 64.00 | 7.00 | -1.00 | 24.00 | 46.00 | -3.00 |
| OPM % | -9.00 | 3.20 | 17.00 | 13.00 | 1.30 | 7.00 | 8.00 | 22.00 | 2.70 | -0.30 | 7.00 | 19.00 | -1.50 |
| Other Income | 4.00 | 2.00 | 2.00 | 2.00 | 0.00 | 2.00 | 1.00 | 1.00 | 0.00 | 0.00 | 4.00 | 1.00 | 1.00 |
| Depreciation | 7.00 | 7.00 | 6.00 | 5.00 | 4.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Interest | 9.00 | 9.00 | 13.00 | 9.00 | 12.00 | 14.00 | 11.00 | 10.00 | 11.00 | 13.00 | 12.00 | 10.00 | 9.00 |
| Profit before tax | -32.00 | -8.00 | 89.00 | 63.00 | -12.00 | 9.00 | 16.00 | 53.00 | -6.00 | -16.00 | 12.00 | 34.00 | -14.00 |
| Tax % | 2.00 | 20.00 | 26.00 | 28.00 | 10.00 | 33.00 | 6.00 | 3.00 | -7.00 | 7.00 | 14.00 | 4.00 | -4.00 |
| Net Profit | -33.00 | -9.00 | 65.00 | 46.00 | -13.00 | 6.00 | 15.00 | 51.00 | -6.00 | -17.00 | 10.00 | 33.00 | -14.00 |
| EPS in Rs | -2.95 | -0.81 | 5.80 | 4.05 | -1.20 | 0.51 | 1.32 | 4.55 | -0.52 | -1.50 | 0.92 | 2.92 | -1.23 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|
| Sales | 1,794.00 | 1,137.00 | 956.00 | 870.00 | 750.00 |
| Expenses | 1,586.00 | 1,038.00 | 888.00 | 802.00 | 700.00 |
| Operating Profit | 208.00 | 99.00 | 68.00 | 68.00 | 50.00 |
| OPM % | 12.00 | 9.00 | 7.00 | 8.00 | 7.00 |
| Other Income | 6.00 | 2.00 | 6.00 | 3.00 | 9.00 |
| Interest | 48.00 | 44.00 | 43.00 | 43.00 | 38.00 |
| Depreciation | 18.00 | 11.00 | 12.00 | 14.00 | 15.00 |
| Profit before tax | 148.00 | 46.00 | 19.00 | 14.00 | 5.00 |
| Tax % | 31.00 | 7.00 | 8.00 | 1.00 | 21.00 |
| Net Profit | 103.00 | 43.00 | 17.00 | 14.00 | 4.00 |
| EPS in Rs | 9.16 | 3.85 | 1.52 | 1.22 | 0.39 |
| Dividend Payout % | 5.00 | 6.00 | 13.00 | 8.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|
| Equity Capital | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 |
| Reserves | 161.00 | 210.00 | 111.00 | 69.00 | 54.00 | 40.00 |
| Borrowings | 225.00 | 400.00 | 700.00 | 610.00 | 514.00 | 409.00 |
| Other Liabilities | 232.00 | 296.00 | 342.00 | 203.00 | 252.00 | 423.00 |
| Total Liabilities | 630.00 | 916.00 | 1,164.00 | 893.00 | 831.00 | 883.00 |
| Fixed Assets | 250.00 | 224.00 | 119.00 | 128.00 | 137.00 | 152.00 |
| CWIP | 33.00 | 38.00 | 112.00 | 3.00 | 1.00 | 0.00 |
| Investments | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Other Assets | 343.00 | 651.00 | 929.00 | 759.00 | 689.00 | 726.00 |
| Total Assets | 630.00 | 916.00 | 1,164.00 | 893.00 | 831.00 | 883.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|
| Cash from Operating Activity | 394.00 | 93.00 | -78.00 | 45.00 |
| Cash from Investing Activity | -48.00 | -131.00 | -6.00 | -1.00 |
| Cash from Financing Activity | -346.00 | 39.00 | 79.00 | -37.00 |
| Net Cash Flow | 0.00 | 1.00 | -5.00 | 7.00 |
| Free Cash Flow | 335.00 | -39.00 | -84.00 | 43.00 |
| CFO/OP % | 203.00 | 97.00 | -115.00 | 66.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|
| Debtor Days | 38.00 | 29.00 | 19.00 | 5.00 | 14.00 |
| Inventory Days | 98.00 | 331.00 | 314.00 | 330.00 | 407.00 |
| Days Payable | 40.00 | 96.00 | 57.00 | 96.00 | 128.00 |
| Cash Conversion Cycle | 96.00 | 263.00 | 276.00 | 239.00 | 293.00 |
| Working Capital Days | 15.00 | 3.00 | 7.00 | -13.00 | -45.00 |
| ROCE % | 27.00 | 12.00 | 10.00 | 11.00 | — |
Corporate Actions
22 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 29 Jul 2026 | 29 Jul 2026 | — | 0.10 | |
| Dividend | 26 Jul 2024 | 26 Jul 2024 | — | 0.25 | |
| Other | 26 Jul 2024 | — | — | — | Annual General Meeting |
| Dividend | 28 Jul 2023 | — | — | 0.50 | |
| Dividend | 01 Sep 2022 | — | — | 0.25 | |
| Dividend | 08 Sep 2021 | — | — | 0.20 | |
| Dividend | 10 Sep 2020 | — | — | 0.10 | |
| Other | 31 Jul 2019 | — | — | — | Annual General Meeting |
| Other | 26 Jul 2018 | — | — | — | Annual General Meeting |
| Dividend | 14 Sep 2017 | — | — | 0.20 | |
| Dividend | 08 Sep 2016 | — | — | 0.25 | |
| Other | 15 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 11 Sep 2014 | — | — | — | Annual General Meeting (Agm & Book Closure Start Date Revised) |
| Dividend | 05 Sep 2013 | — | — | 0.20 | |
| Dividend | 19 Jul 2012 | — | — | 0.25 | |
| Other | 08 Sep 2011 | — | — | — | Annual General Meeting |
| Other | 08 Sep 2010 | — | — | — | Annual General Meeting |
| Dividend | 03 Sep 2009 | — | — | 0.25 | |
| Other | 22 Sep 2008 | 29 Sep 2008 | — | — | Right Issue of Equity Shares |
| Dividend | 13 Aug 2008 | — | — | 0.20 | |
| Bonus | 29 Jun 2005 | 06 Jul 2005 | 3:5 | — | |
| Dividend | 27 Feb 2002 | — | — | 3.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update13 Aug from care
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Rating update21 May 2025 from care
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Rating update3 Jan 2025 from care
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Rating update17 Nov 2023 from care
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Rating update26 Sep 2023 from crisil
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Rating update19 Jul 2023 from care