AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 3 Sep - KSPCB ordered closure of Ugar plant on 3 September 2026 until further orders.
Source: Bse
The Ugar Sugar Works Limited (UGARSUGAR)
Small CapConsumer stocks · Small cap · NSE
The Ugar Sugar Works Limited operates in Retail / E-Commerce, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:27 am IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags04 Oct 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
49NeutralSMA20 +5.6% / mo · MACD − · sector -4.9pp vs Nifty 500 (3M)
Stock trend: 60
Sector RS: 32
Sector 3M: -10.8% vs Nifty 500 -5.9%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
UGARSUGARD candles · FIT view+22.8%Latest close ₹51.52 on 2026-10-21
Bar
-3.7%
RSI
41
MACD hist
-0.82
52W pos
54%
2026-10-21O ₹53.50H ₹54.23L ₹51.52C ₹51.52Vol 1.4L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
UGARSUGARNifty Consumer DurablesNifty 500
- UGARSUGAR
- +29.5%
- Nifty 500
- -6.5%
- Nifty Consumer Durables
- -11.0%
- Vs Nifty 500
- +36.0 pp
Chart stats
21 Oct 2026- From 52W high
- -22.8%
- 52W range position
- 54%
- ATR (14)
- 7.3%
- Volume vs 20D
- 0.12x
- Avg traded value
- ₹6.9 Cr
- 20D price channel
- ₹51.5 - ₹66.8
₹66.8
₹33.8 - ₹66.8
₹3.7
Latest completed session
20-session average
73.0% annualized volatility
Research snapshot
What the evidence says now
Strong fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · DEEP VALUE76
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good55
Revenue +34.1% · PAT NDF YoY
Technical
Neutral49
Price trend and sector-relative-strength timing.
Valuation
Legacy model+74.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence56
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 55/100Rev +34% YoY · margin expansion · +23% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹477.9 Cr | +34.1% | +22.7% |
| EBITDA | ₹26.7 Cr | +403.2% | -62.2% |
| Operating margin | 5.6% | +410 bps | -1257 bps |
| PAT | ₹1.5 Cr | NDF | -96.7% |
| PAT margin | 0.3% | +416 bps | -1144 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 9.67
- P/B
- 3.82
- EV/EBITDA
- 4.64
- Market Cap
- 662.00Cr
Profitability
- ROE
- 60.20%
- ROCE
- 27.30%
- ROA
- 10.79%
- Dividend Y
- 0.17%
Growth (CAGR)
- Revenue 5Y
- 15.00%
- EPS 5Y
- 15.00%
- Revenue 3Y
- 27.00%
- EPS 3Y
- 96.00%
Balance Sheet
- Debt/Equity
- 1.31
- Interest Coverage
- 4.15×
- Altman Z
- 4.77
- Book Value
- 15.40
Cash Flow
- FCF Yield
- 52.27%
- FCF Positive Y
- 2/5
- OCF
- 394.00 Cr
- EPS TTM
- 6.09
Shareholding
- Promoter Hold
- 44.54%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 76%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 478+22.7% vs prev
Net Profit
₹ CrLatest: 1.5-96.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 41. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~5.3% over last month) — short-term momentum positive.
- RSI(14) at 41 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 23% off 52W high · 53% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
82
RS percentile
Stage 2 UptrendEstablished S2
1M return
-7.7%
3M return
+29.5%
6M return
+18.8%
1Y return
+18.5%
RS 1D
-3
RS 20D
-1
Sector rank
#8
Industry rank
#24
Stage evidence
- Price is 13.5% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +6.4%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
17 Aug 2026
S2 age
45 trading sessions
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 126.46-4.12%
RS vs Nifty 500126
Valuation & peers
U-Score 76 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 76 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · DEEP VALUEValuation22/30
Growth18/25
Quality20/20
Balance Sheet5/15
Cash Flow6/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
76
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
76/100 · legacy band DEEP VALUE
Positive drivers
- FCF yield is supportive at 52.3%.
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 74.6%.
Main drags
- Balance sheet is weaker at 5/15; verify the latest quarterly trend.
- Cash flow is weaker at 6/10; verify the latest quarterly trend.
- Growth is weaker at 18/25; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
9.7
PB
3.8
EV/EBITDA
4.6
ROE
60.2%
ROCE
27.3%
FCF Yield
52.3%
Debt/Equity
1.3
MoS
+74.6%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Current PE is low at 9.7, so peak-cycle earnings risk should be checked. Debt/equity is 1.3, so downturn resilience matters.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 22 Oct 2026
v4.3-runtime-valuation
Final score
76
Previous: 76
Legacy U-Score band
DEEP VALUE
Previous: DEEP VALUE
Margin of safety
+74.6%
Previous: +74.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
76
76
76
76
76
76
76
76
76
76
76
76
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹45.94
-12.2% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹202.8
+74.6% MoS
PEG
0.40
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MAFATIND
Small
Mafatlal Industries Limited
Retail
match 108
74
13.2
12.1%
+59%
UNDERVALUED
MAWANASUG
Small
Mawana Sugars Limited
Retail
match 107
46
19.5
8.1%
+27%
FAIR VALUE
VISAKAIND
Small
Visaka Industries Limited
Retail
match 107
52
10.4
1.7%
-531%
FAIR VALUE
NCLIND
Small
NCL Industries Limited
Retail
match 107
53
6.2
11.4%
-79%
FAIR VALUE
SATIA
Small
Satia Industries Limited
Retail
match 106
32
—
4.3%
—
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
The Ugar Sugar Works Limited operates in Retail / E-Commerce, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
56Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 18th percentile of the scored universe and 20th percentile within Consumer. Main check: balance sheet trust is weak at 26/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
18th percentile
overall median 67 · Consumer: 20th pctile, median 66 · Small: 20th pctile, median 66
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
70
acceptable · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
26
weak · leverage and solvency
Discipline
52
watch · capital discipline
Results
50
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.2%.
- ▸5 years of positive FCF.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Debt/equity is 2.87.
- ▸Promoter holding fell 2.5%.
- ▸Interest coverage is 1.9x.
- ▸ROE is low at 6.1%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching The Ugar Sugar Works Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Credit ratingAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 13 Aug - CareEdge upgraded 700 crore bank facilities to CARE BBB- Stable from BB+ Negative on 13 August 2026.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Cessation 12 Aug - Hari Athawale retires and Prafulla Shirgaokar resigns as director effective 11 August 2026; appointed Chairman Emeritus.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Resignation of Director 11 Aug - Hari Athawale retired; Prafulla Shirgaokar resigned as director on 11 August 2026, committees reconstituted.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.