Uttam Sugar Mills Ltd
UTTAMSUGARUttam Sugar Mills Ltd is cheap for a reason. The P/E sits at the 31st percentile of its own range, and the quarters are still getting worse.
The sharpest disagreement: annual EPS moved +13.6% against a −17.1% price move — the market has not yet caught up with the delivery.
The price is in a downtrend (2 weeks in) while the P/E sits at the 31st percentile of its own 2-year range. Underneath, the last four quarters read deteriorating — profit −14.1% year on year, and 127% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Uttam Sugar Mills Ltd trades at ₹236, in a downtrend and 2 weeks into that stage. That is −1.8% against its own 200-day average. It sits at 58% of a 52-week range of ₹191 to ₹269. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (8 weeks and counting).
Today the stock is in a downtrend — week 2 of stage 4, confirmed. At ₹236 it trades −1.8% versus its 200-day average and sits at 58% of its 52-week range (₹191–₹269).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +794% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (8 weeks and counting; last ahead the week of 2026-06-12) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 31st percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Uttam Sugar Mills Ltd trades at 8.6× P/E, near the bottom of its own range — cheaper only 31% of the time. Its long-run median P/E is 9.3×, measured across 2.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 8.6× is near the bottom of its own range — cheaper only 31% of the time, against a long-run median of 9.3× measured over 2.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +13.6% against a −17.1% price move — earnings outran the price, pushing the multiple DOWN its own range.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Uttam Sugar Mills Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 8 quarters across 1 curve, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +19.3% | — | — | — |
| Profit | +17.4% | — | — | — |
| EPS | +13.6% | — | — | — |
| Share price | −17.1% | −10.8% | +1.9% | +12.3% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
57.4/100 — rank 3 of 20 in Sugar · 70% evidence confidence
Uttam Sugar Mills Ltd scores 57.4 out of 100 against the 20 companies it is compared with in Sugar, ranking 3. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 23.4 + 15.1 + 11.2 + 7.7 = 57.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Uttam Sugar Mills Ltd reported ₹470 Cr of revenue in the Mar 26 quarter, −17.1% year on year. Over 2 years it has compounded at 3.7% a year. The last full year, FY26, came in at ₹2,202 Cr. The last four reported quarters add to ₹2,202 Cr.
Uttam Sugar Mills Ltd reported ₹470 Cr of revenue in the Mar 26 quarter, −17.1% year on year. Over 2 years it has compounded at 3.7% a year. The last full year, FY26, came in at ₹2,202 Cr. The last four reported quarters add to ₹2,202 Cr.
FY26 revenue came in at ₹2,202 Cr (+19.3% on the year), capping 2 years at 3.7% compound. The latest quarter (Mar 26) printed ₹470 Cr, −17.1% year on year.
Pace check: the last four quarters averaged +22.3% growth against the decade's 3.7% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +19.2% over the last 4 quarters against +3.7%/yr over the last 8 — accelerating; TTM profit +17.4% vs −12.5%/yr — accelerating.
→ Revenue slipped — did margins hold as it scaled? Next: 21.0% this quarter (+1.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Uttam Sugar Mills Ltd's operating margin is 21.0% in the Mar 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 10.0% to 13.0%. The current quarter is running above every full year in that window.
Uttam Sugar Mills Ltd's operating margin is 21.0% in the Mar 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 10.0% to 13.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 21.0%, +1.0 pp against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 10.0%–13.0%.
Why the margin moved: operating margin went +0.7 pp year on year while gross margin went +1.2 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit −14.1% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Uttam Sugar Mills Ltd earned ₹55.0 Cr of net profit in the Mar 26 quarter, −14.1% year on year. Full-year FY26 profit was ₹101 Cr. The 2-year compound rate is −12.5%. That is 11.7% of the quarter's revenue. The same quarter a year earlier earned ₹64.0 Cr. 1 of the last 12 reported quarters were loss-making.
Uttam Sugar Mills Ltd earned ₹55.0 Cr of net profit in the Mar 26 quarter, −14.1% year on year. Full-year FY26 profit was ₹101 Cr. The 2-year compound rate is −12.5%. That is 11.7% of the quarter's revenue. The same quarter a year earlier earned ₹64.0 Cr. 1 of the last 12 reported quarters were loss-making.
Mar 26 profit was ₹55.0 Cr, −14.1% year on year. On the full year, FY26 printed ₹101 Cr (+17.4%), and the 2-year compound rate is −12.5%.
🚨 Why profit moved: revenue contributed −17.1% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +45.3% vs revenue +22.3%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 127% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 127% of Uttam Sugar Mills Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹270 Cr of operating cash against ₹101 Cr of profit. After ₹53.0 Cr of capital spending, ₹217 Cr was left as free cash.
FY26: operating cash of ₹270 Cr against reported profit of ₹101 Cr, leaving free cash of ₹217 Cr after ₹53.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 127% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 127%: the cash cycle tightened 15 days between FY24 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 2.1× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹206 Cr of building over 2 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Uttam Sugar Mills Ltd's cash conversion cycle runs 180 days in FY26, down from 195 days in FY24. Capital spending ran ₹206 Cr over the last 2 years. At FY26 sales of ₹2,202 Cr each day of that cycle holds about ₹6.0 Cr, so roughly ₹1,086 Cr sits inside the business at any moment.
FY26: debtors at 8 days, inventory at 209 days — roughly 6.9 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 180 days, tighter than FY24's 195.
The full loop: cash goes out to suppliers and production on day 0; stock waits 209 days to sell; customers pay about 8 days after that; and suppliers themselves are paid at 36 days — netting out to the 180-day cycle.
In money terms: at FY26 sales of ₹2,202 Cr, each day of the cycle holds about ₹6.0 Cr — so the 180-day loop keeps roughly ₹1,086 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹206 Cr over the last 2 fiscal years against ₹96.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹8.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 12% and the ROIC − WACC spread is −1.9 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Uttam Sugar Mills Ltd earns a ROCE of 12% in FY26. Return on invested capital clears the cost of that capital by −1.9 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 4.6% net margin on 1.14× asset turns.
FY26 ROCE is 12%.
🚨 Why the return is what it is — the wiring (FY26): 4.6% net margin × 1.14× asset turns × 2.21× balance-sheet leverage ≈ 11.6% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 10.1% − 12.0% = a −1.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.82.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Uttam Sugar Mills Ltd carries total debt of ₹722 Cr against shareholder equity of ₹890 Cr as of Mar 26, a debt-to-equity of 0.81. On the annual view that ratio went from 1.43 in FY22 to 0.81 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹722 Cr against shareholder equity of ₹890 Cr — a debt-to-equity of 0.81. On the annual view, debt-to-equity went from 1.43 (FY22) to 0.81 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: the register is quiet.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Uttam Sugar Mills Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved +0.0 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: +0.3 points over 8 quarters to 74.7%; Foreign institutions: +0.0 points over 8 quarters to 0.0%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Uttam Sugar Mills Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Uttam Sugar Mills Ltd this page | 8.6× | ₹871 Cr | No read | |||
| DCM Shriram Ltd | 18.5× | ₹15,685 Cr | Improving | |||
| EID Parry (India) Ltd | 20.6× | ₹13,489 Cr | Mixed | |||
| Balrampur Chini Mills Ltd | 34.1× | ₹12,890 Cr | Mixed | |||
| Triveni Engineering and Industries Ltd | 19.6× | ₹5,480 Cr | No read | |||
| Shree Renuka Sugars Ltd | — | ₹4,732 Cr | No read | |||
| Bannari Amman Sugars Ltd | 29.7× | ₹4,391 Cr | Mixed | |||
| Bajaj Hindusthan Sugar Ltd | 29.4× | ₹4,133 Cr | No read | |||
| Dalmia Bharat Sugar & Industries Ltd | 12.7× | ₹2,930 Cr | Mixed | |||
| M.V.K. Agro Food Product Ltd | 42.0× | ₹1,958 Cr | — | — | — | — |
| Godavari Biorefineries Ltd | 42.4× | ₹1,427 Cr | No read | |||
| Andhra Sugars Ltd | 11.7× | ₹1,170 Cr | Mixed | |||
| Avadh Sugar & Energy Ltd | 16.8× | ₹1,052 Cr | No read | |||
| Dhampur Sugar Mills Ltd | 14.0× | ₹914 Cr | No read | |||
| Dwarikesh Sugar Industries Ltd | — | ₹803 Cr | — | No read | ||
| Zuari Industries Ltd | 6.6× | ₹765 Cr | No read | |||
| Magadh Sugar & Energy Ltd | 11.0× | ₹696 Cr | No read | |||
| Dhampur Bio Organics Ltd | 26.5× | ₹678 Cr | No read | |||
| Davangere Sugar Company Ltd | 58.6× | ₹499 Cr | Mixed | |||
| DCM Shriram Industries Ltd | 8.2× | ₹498 Cr | Deteriorating |
Frequently asked questions
What is Uttam Sugar Mills Ltd's share price today?
Uttam Sugar Mills Ltd trades at ₹236, −17.1% over the past year. The company is valued at ₹871 Cr. The stock sits at 58% of its 52-week range of ₹191–₹269, −1.8% versus its 200-day average. On the tape, the price is in a downtrend, 2 weeks in. — as of 24 July 2026.
What were Uttam Sugar Mills Ltd's latest quarterly results?
Uttam Sugar Mills Ltd reported revenue of ₹470 Cr and net profit of ₹55.0 Cr for the Mar 26 quarter. Revenue fell 17.1% and profit fell 14.1% year on year. Earnings per share were ₹14.36. The operating margin was 21.0%, 1.0 pp higher than a year earlier. — as of 24 July 2026.
What is Uttam Sugar Mills Ltd's revenue?
Uttam Sugar Mills Ltd reported revenue of ₹470 Cr in the Mar 26 quarter, −17.1% year on year. For the full FY26 fiscal year, revenue was ₹2,202 Cr (+19.3%). Over the last 2 years revenue compounded at 3.7% a year. — as of 24 July 2026.
What is Uttam Sugar Mills Ltd's profit?
Uttam Sugar Mills Ltd earned ₹55.0 Cr of net profit in the Mar 26 quarter, −14.1% year on year. Full-year FY26 profit was ₹101 Cr. The operating margin ran 21.0% in the latest quarter. — as of 24 July 2026.
What is Uttam Sugar Mills Ltd's market cap?
Uttam Sugar Mills Ltd's market capitalisation is ₹871 Cr at a share price of ₹236. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Uttam Sugar Mills Ltd's P/E ratio?
Uttam Sugar Mills Ltd trades at a P/E of 8.6×, at the 31st percentile of its own 2-year range, against a long-run median of 9.3×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Uttam Sugar Mills Ltd pay a dividend?
Yes — Uttam Sugar Mills Ltd's dividend payout was 10% of profit in FY26, and it recorded a payout in each of its last 3 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Uttam Sugar Mills Ltd overvalued?
On its own history, Uttam Sugar Mills Ltd looks cheap against its own history: its P/E of 8.6× has been cheaper only 31% of the time in 2 years (long-run median 9.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Uttam Sugar Mills Ltd growing?
Not right now — Uttam Sugar Mills Ltd's latest numbers are shrinking: latest-quarter revenue −17.1% year on year, profit −14.1%, and the margin +1.0 pp at 21.0%. The 2-year compound rates are 3.7% (revenue) and −12.5% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is Uttam Sugar Mills Ltd performing?
Uttam Sugar Mills Ltd is in a downtrend, 2 weeks in. Its latest quarter's revenue fell 17.1% and profit fell 14.1% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 8 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
Is Uttam Sugar Mills Ltd in an uptrend?
No — the price is in a downtrend (week 2 of stage 4), trading −1.8% versus its 200-day average and at 58% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Uttam Sugar Mills Ltd beating the market?
Not lately — on a trailing-13-week view Uttam Sugar Mills Ltd is currently behind the NIFTY 500 (8 weeks and counting; last ahead the week of 2026-06-12), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +794% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.
Will Uttam Sugar Mills Ltd's share price go up?
This page publishes no price forecast for Uttam Sugar Mills Ltd. What it measures instead: the share price is ₹236, the price is in a downtrend 2 weeks in. Its P/E of 8.6× sits at the 31st percentile of its own 2-year range. — as of 24 July 2026.
Who owns Uttam Sugar Mills Ltd?
Promoters hold 74.7% of Uttam Sugar Mills Ltd, foreign institutions 0.0%, domestic institutions 0.0% and the public 25.3% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.
Does Uttam Sugar Mills Ltd have too much debt?
It is moderate — Uttam Sugar Mills Ltd's debt-to-equity is 0.82, and operating profit covers the interest bill 4×. FY26 borrowings were ₹722 Cr against equity of ₹876 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Uttam Sugar Mills Ltd's capex?
Uttam Sugar Mills Ltd spent ₹206 Cr on capital expenditure over the last 2 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹53.0 Cr, with ₹8.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Uttam Sugar Mills Ltd's cash flow?
Uttam Sugar Mills Ltd generated ₹270 Cr of operating cash flow in FY26 and ₹217 Cr of free cash flow after ₹53.0 Cr of capital spending. Reported profit that year was ₹101 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Uttam Sugar Mills Ltd's profit real cash?
Yes — over the last 3 fiscal years, 127% of Uttam Sugar Mills Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹270 Cr against reported profit of ₹101 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Uttam Sugar Mills Ltd in its business cycle?
Uttam Sugar Mills Ltd's FY26 operating margin was 10.0%, against a 3-year band of 10.0%–13.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 21.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Uttam Sugar Mills Ltd story?
The sharpest disagreement: annual EPS moved +13.6% against a −17.1% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Uttam Sugar Mills Ltd a stock worth studying right now?
This is not investment advice. The machine read: Uttam Sugar Mills Ltd is cheap for a reason. The P/E sits at the 31st percentile of its own range, and the quarters are still getting worse. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.