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The Ugar Sugar Works Ltd.

  • Market Cap: Micro Cap
  • Industry: Agricultural Commodities/Milling
  • ISIN: INE071E01023
  • NSEID: UGARSUGAR
  • BSEID: UGARSUGAR
INR
41.24
0.73 (1.8%)
BSENSE

Apr 11, 12:52 PM

BSE+NSE Vol: 78.38 k

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

78.38 k (-64.15%) Volume

Shareholding (Dec 2024)

FII

0.50%

Held by 16 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

44.76%

Is Ugar Sugar Works technically bullish or bearish?

28-Apr-2025

Ugar Sugar Works is currently technically mildly bearish, as weekly indicators show some bullish signs, but the overall trend remains bearish, particularly on a monthly basis.

Ugar Sugar Works is currently exhibiting a mixed technical outlook. While the stock price has shown a slight increase recently, the overall trend has shifted from bearish to mildly bearish. The weekly indicators, such as the MACD and KST, suggest a mildly bullish sentiment, but this is countered by a bearish stance on the monthly indicators. The Relative Strength Index (RSI) does not provide significant signals in either timeframe.<BR><BR>In summary, while there are some signs of bullishness on a weekly basis, the overall technical assessment leans towards a mildly bearish trend, particularly when considering the monthly perspective. Therefore, it would be more accurate to describe Ugar Sugar Works as technically mildly bearish at this time.

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Are Ugar Sugar Works latest results good or bad?

28-Apr-2025

Ugar Sugar Works' latest results show significant profit growth, with a 115.3% increase in Profit Before Tax and a 316.2% rise in Profit After Tax. However, the 18.3% decline in net sales and heavy reliance on non-operating income raise concerns about sustainable growth, leading to a 'Sell' rating from MarketsMOJO.

Ugar Sugar Works' latest financial results present a mixed picture. On one hand, the company has shown significant growth in its Profit Before Tax (PBT) and Profit After Tax (PAT) for the third quarter of FY24-25. The PBT stands at Rs 1.29 crore, reflecting a remarkable increase of 115.3% compared to the average PBT of Rs -8.45 crore from the previous four quarters. Similarly, the PAT has surged to Rs 4.53 crore, marking an impressive increase of 316.2% over the average PAT of Rs -2.10 crore in the prior quarters.<BR><BR>However, the company is facing challenges as its net sales have declined by 18.3%, totaling Rs 262.66 crore, down from an average of Rs 321.32 crore in the previous four quarters. Additionally, a significant portion of the PBT, 64.66%, is derived from non-operating income, indicating a reliance on income from non-business activities, which raises concerns about sustainable growth.<BR><BR>Furthermore, the stock has been rated as a 'Sell' by MarketsMOJO, reflecting the overall mixed financial performance during this reporting period. Therefore, while there are positive indicators in terms of profit growth, the decline in sales and reliance on non-operating income suggest that the results are not entirely favorable.

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Should I buy, sell or hold Ugar Sugar Works?

28-Apr-2025

It is advisable to sell your shares in Ugar Sugar Works due to a high debt-to-equity ratio, declining operating profits, and recent drops in net sales, despite some positive management indicators. The overall negative outlook suggests further declines may occur.

Based on the current analysis of Ugar Sugar Works, it would be advisable to consider selling your shares. The company is facing significant challenges, including a very high debt-to-equity ratio of 4.84, which indicates a reliance on debt financing that could pose risks. Additionally, the operating profit has seen a drastic decline at an annual rate of -187.09% over the past five years, reflecting poor long-term growth prospects.<BR><BR>Recent financial results are also concerning, with net sales dropping by 18.3% and non-operating income making up a large portion of profit before tax, which raises questions about the sustainability of earnings. The stock is technically in a bearish trend, with indicators suggesting further declines.<BR><BR>While there are some positive aspects, such as high management efficiency indicated by a strong return on capital employed (ROCE) and rising promoter confidence with an increase in their stake, these factors may not be sufficient to counterbalance the overall negative outlook. Given the substantial losses over the past year and underperformance compared to broader market indices, selling may be the most prudent course of action at this time.

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iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

High Debt Company with a Debt to Equity ratio (avg) at 0 times

  • Poor long term growth as Operating profit has grown by an annual rate -187.09% of over the last 5 years
  • High Debt Company with a Debt to Equity ratio (avg) at 0 times
2

Poor long term growth as Operating profit has grown by an annual rate -187.09% of over the last 5 years

 
3

Flat results in Dec 24

4

Stock is technically in a Bearish range

5

Below par performance in long term as well as near term

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Agricultural Commodities/Milling

stock-summary
Market cap

stock-summary
P/E

7.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

stock-summary
Debt Equity

stock-summary
Return on Equity

stock-summary
Price to Book

Revenue and Profits (1 Year):
Net Sales:
263 Cr
(Quarterly Results - Dec 2024)
Net Profit:
5 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0.62%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-30.18%
0%
-30.18%
6 Months
-50.09%
0%
-50.09%
1 Year
-49.06%
0.33%
-48.73%
2 Years
-58.87%
0.68%
-58.19%
3 Years
-46.86%
1.84%
-45.02%
4 Years
127.22%
3.84%
131.06%
5 Years
241.96%
11.01%
252.97%

Latest dividend: 0.25 per share ex-dividend date: Jul-26-2024

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
5.63%
EBIT Growth (5y)
-187.09%
EBIT to Interest (avg)
2.01
Debt to EBITDA (avg)
3.45
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
2.93
Tax Ratio
38.88%
Dividend Payout Ratio
13.30%
Pledged Shares
0
Institutional Holding
0.50%
ROCE (avg)
26.75%
ROE (avg)
58.51%
Valuation key factors
Factor
Value
P/E Ratio
7
Industry P/E
20
Price to Book Value
2.64
EV to EBIT
4.52
EV to EBITDA
3.84
EV to Capital Employed
1.79
EV to Sales
0.39
PEG Ratio
NA
Dividend Yield
0.62%
ROCE (Latest)
39.71%
ROE (Latest)
39.64%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Non Institution

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 16 FIIs (0.5%)

Promoter with highest holding

S B Reshellers Private Limited (17.5%)

Highest Public shareholder

Universal Cine Trades Pvt Ltd (1.24%)

Individual Investors Holdings

47.43%

stock-summaryFinancial
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    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'24 - QoQ",
    "rhs": [
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        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is 9.27% vs -23.88% in Sep 2024",
        "dir": 1
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        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is 107.55% vs -407.44% in Sep 2024",
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        "Dec'24",
        "Sep'24",
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          "val2": "240.37",
          "chgp": "9.27%",
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "20.31",
          "val2": "-44.33",
          "chgp": "145.82%",
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        {
          "field": "Interest",
          "val1": "12.14",
          "val2": "12.21",
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          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
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          "chgp_class": "neutral"
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          "field": "Standalone Net Profit",
          "val1": "4.53",
          "val2": "-60.03",
          "chgp": "107.55%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "7.73%",
          "val2": "-18.44%",
          "chgp": "26.17%",
          "chgp_class": "positive"
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  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
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    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 31.75% vs -28.67% in Sep 2023",
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      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is -69.72% vs -447.03% in Sep 2023",
        "dir": 1
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      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
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          "field": "Net Sales",
          "val1": "556.16",
          "val2": "422.12",
          "chgp": "31.75%",
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          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-37.47",
          "val2": "-14.12",
          "chgp": "-165.37%",
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        },
        {
          "field": "Interest",
          "val1": "25.61",
          "val2": "18.24",
          "chgp": "40.41%",
          "chgp_class": "negative"
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        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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        {
          "field": "Standalone Net Profit",
          "val1": "-71.86",
          "val2": "-42.34",
          "chgp": "-69.72%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-6.74%",
          "val2": "-3.35%",
          "chgp": "-3.39%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 4.57% vs -33.96% in Dec 2023",
        "dir": 1
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      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -1,881.22% vs -90.00% in Dec 2023",
        "dir": -1
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    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
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      "body": [
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          "val2": "783.05",
          "chgp": "4.57%",
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-17.16",
          "val2": "46.60",
          "chgp": "-136.82%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "37.75",
          "val2": "26.33",
          "chgp": "43.37%",
          "chgp_class": "negative"
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        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-67.33",
          "val2": "3.78",
          "chgp": "-1,881.22%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-2.10%",
          "val2": "5.95%",
          "chgp": "-8.05%",
          "chgp_class": "negative"
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    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'24",
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        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is -35.84% vs 57.74% in Mar 2023",
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        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is -79.49% vs 137.88% in Mar 2023",
        "dir": -1
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        "Mar'24",
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          "val2": "11.63%",
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          "chgp_class": "negative"
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]
Quarterly Results Snapshot (Standalone) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
262.66
240.37
9.27%
Operating Profit (PBDIT) excl Other Income
20.31
-44.33
145.82%
Interest
12.14
12.21
-0.57%
Exceptional Items
0.00
0.00
Standalone Net Profit
4.53
-60.03
107.55%
Operating Profit Margin (Excl OI)
7.73%
-18.44%
26.17%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is 9.27% vs -23.88% in Sep 2024

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2024 is 107.55% vs -407.44% in Sep 2024

Half Yearly Results Snapshot (Standalone) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
556.16
422.12
31.75%
Operating Profit (PBDIT) excl Other Income
-37.47
-14.12
-165.37%
Interest
25.61
18.24
40.41%
Exceptional Items
0.00
0.00
Standalone Net Profit
-71.86
-42.34
-69.72%
Operating Profit Margin (Excl OI)
-6.74%
-3.35%
-3.39%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 31.75% vs -28.67% in Sep 2023

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2024 is -69.72% vs -447.03% in Sep 2023

Nine Monthly Results Snapshot (Standalone) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
818.82
783.05
4.57%
Operating Profit (PBDIT) excl Other Income
-17.16
46.60
-136.82%
Interest
37.75
26.33
43.37%
Exceptional Items
0.00
0.00
Standalone Net Profit
-67.33
3.78
-1,881.22%
Operating Profit Margin (Excl OI)
-2.10%
5.95%
-8.05%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 4.57% vs -33.96% in Dec 2023

Direction Arrows
Standalone Net Profit

YoY Growth in nine months ended Dec 2024 is -1,881.22% vs -90.00% in Dec 2023

Annual Results Snapshot (Standalone) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
1,151.21
1,794.18
-35.84%
Operating Profit (PBDIT) excl Other Income
70.20
208.65
-66.36%
Interest
44.40
48.60
-8.64%
Exceptional Items
0.00
0.00
Standalone Net Profit
21.14
103.05
-79.49%
Operating Profit Margin (Excl OI)
6.10%
11.63%
-5.53%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is -35.84% vs 57.74% in Mar 2023

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2024 is -79.49% vs 137.88% in Mar 2023

stock-summaryCompany CV
About The Ugar Sugar Works Ltd. stock-summary
stock-summary
The Ugar Sugar Works Ltd.
Micro Cap
Agricultural Commodities/Milling
Incorporated on September 11, 1939, Ugar Sugar Works Limited (USWL) is one of the leading sugar factories in Karnataka. This Company was promoted by S S Shirgaokar and R V Shirgaokar. The Company is engaged in manufacture and sale of sugar, industrial and potable alcohol, and generation and distribution of electricity. The Company's plants are located at Ugarkhurd in Belagavi District and at Malli-Nagarhalli Village in Kalburgi District in the State of Karnataka.
Company Coordinates stock-summary
Company Details
Mahaveer Nagar, Wakhar Bhag Sangli Maharashtra : 416416
stock-summary
Tel: 91-233-2623716/2623717
stock-summary
usw.sangli@ugarsugar.com
Registrar Details
Bigshare Services Pvt Ltd , E-2 , Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai