| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 350 | 425 | −17.7% |
| EBITDA | −10.1 | −9.1 | — |
| EBITDA margin | −2.9% | −2.1% | −0.8 pts |
| Profit before tax | −32.5 | −31.7 | — |
| Net profit | −33.4 | −32.2 | — |
| EPS | −₹2.97 | ₹2.86 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 487 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 2.0 | 2.0 | 0.9 | 0.9 | 5.7 | ||
| 668 | 668 | 514 | 514 | 347 | ||
| 1,153 | — | — | — | — | ||
| 1,557 | 1,515 | 1,407 | 1,277 | 1,940 | ||
| — | +7.7% | +10.2% | −34.2% | — | ||
| 124 | 104 | 40.4 | 70.2 | 208 | ||
| 8.0% | 6.8% | 2.9% | 5.5% | 10.7% | ||
| 86.0 | 70.3 | 12.9 | 41.1 | 190 | ||
| 27.6 | 13.6 | −16.3 | 21.1 | 103 | ||
| 1.8% | 0.9% | −1.2% | 1.7% | 5.3% | ||
| ₹2.46 | ₹1.21 | −₹1.45 | ₹1.88 | ₹9.16 | ||
| — | +183.4% | −177.2% | −79.5% | — | ||
| — | 43.7 | 21.3 | −37.3 | 394 | ||
| — | −25.9 | −77.4 | −103 | −59.2 | ||
| 17.9 | 17.9 | −56.1 | −140 | 335 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 486.9 | |
| - Cash, Equiv & ST Investments | 5.7 | 0.9 | 0.9 | 2.0 | 2.0 | |
| + Total Debt | 347.2 | 513.8 | 513.8 | 667.9 | 667.9 | |
| Enterprise Value | — | — | — | — | 1,152.8 | |
| Revenue | 1,940.1 | 1,277.2 | 1,407.4 | 1,515.1 | 1,556.9 | |
| Growth %, YoY | — | -34.2 | +10.2 | +7.7 | — | |
| EBITDA | 208.4 | 70.2 | 40.4 | 103.5 | 123.9 | |
| Margin % | 10.74 | 5.50 | 2.87 | 6.83 | 7.96 | |
| EBIT | 190.3 | 41.1 | 12.9 | 70.3 | 86.0 | |
| Net Income | 103.0 | 21.1 | -16.3 | 13.6 | 27.6 | |
| Margin % | 5.31 | 1.66 | -1.16 | 0.90 | 1.78 | |
| EPS, Adj (current shares) | 9.16 | 1.88 | -1.45 | 1.21 | 2.46 | |
| Growth %, YoY | — | -79.5 | -177.2 | +183.4 | — | |
| Cash from Operations | 394.0 | -37.3 | 21.3 | 43.7 | — | |
| Capital Expenditures | -59.2 | -102.8 | -77.4 | -25.9 | — | |
| Free Cash Flow | 334.8 | -140.2 | -56.1 | 17.9 | 17.9 | |
Prices at the previous close · figures from the company's filings with NSE
The Ugar Sugar Works (NSE: UGARSUGAR) had a market capitalisation of ₹487 crore at the previous close (₹43.28 a share), a PE ratio of 17.6 on the last four quarters' profit and a price-to-book ratio of 2.42. In FY26 its standalone net profit was ₹13.6 crore on revenue of ₹1,515 crore; in Q2 FY27 (July–September 2026) it was a loss of ₹33.4 crore. Its debt-to-equity ratio was 2.22 on 30 September 2026. Promoters held 44.54% of the shares on 30 September 2026.
The Ugar Sugar Works' PE ratio is 17.6 at the previous close (₹43.28 a share): a market capitalisation of ₹487 crore divided by standalone net profit of ₹27.6 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹13.6 crore) it is 35.8.
The Ugar Sugar Works' price-to-book (PB) ratio is 2.42 at the previous close: a market capitalisation of ₹487 crore divided by shareholders' equity (book value) of ₹201 crore on 30 September 2026. That is a book value of ₹17.89 per share against a share price of ₹43.28.
The Ugar Sugar Works' book value per share was ₹17.89 on 30 September 2026: shareholders' equity of ₹201 crore divided by the 11.25 crore shares in issue, up 17.3% from ₹15.25 a year earlier. The share price at the previous close was ₹43.28.
The Ugar Sugar Works' market capitalisation was ₹487 crore at the previous close: 11.25 crore shares at ₹43.28 each.
The Ugar Sugar Works' basic earnings per share (EPS) were ₹1.21 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹2.45.
In 2026, The Ugar Sugar Works has declared one dividend: ₹0.10 with record date 29 July 2026.
No. The Ugar Sugar Works had borrowings of ₹447 crore on 30 September 2026 (standalone balance sheet), a debt-to-equity ratio of 2.22. Its cash and current investments were ₹18.3 crore, so its net debt was ₹429 crore.
The Ugar Sugar Works' debt-to-equity ratio was 2.22 on 30 September 2026: borrowings of ₹447 crore against total equity of ₹201 crore. A year earlier, on 30 September 2025, it was 2.56.
The Ugar Sugar Works' net worth — shareholders' equity in its standalone balance sheet — was ₹201 crore on 30 September 2026, up 17.3% from ₹172 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹487 crore at the previous close.
In FY26, The Ugar Sugar Works' return on equity (ROE) was 5.8% and its return on capital employed (ROCE) was 21.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was −6.9% and ROCE 3.9%.
The Ugar Sugar Works' dividend yield is 0.23% at the previous close: dividends of ₹0.10 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹43.28. They were ₹0.10 on 29 July 2026.
On 30 September 2026, The Ugar Sugar Works' shares were held by promoters 44.54%, foreign portfolio investors (FII/FPI) 0.22%, domestic institutions (DII) 0.14% and retail and other non-institutional investors 55.11%. Over the year, FII holding was up 0.03 percentage points from 0.19%.
Promoters held 44.54% of The Ugar Sugar Works on 30 September 2026, unchanged from the previous quarter and down 2.49 percentage points from 47.03% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, The Ugar Sugar Works generated ₹43.7 crore of cash from operations and spent ₹25.9 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹17.9 crore. In FY25 it was −₹56.1 crore.
The Ugar Sugar Works' latest results are for Q2 FY27 (July–September 2026), filed on 27 October 2026: standalone net loss ₹33.4 crore, wider than the loss of ₹32.2 crore in Q2 FY26; revenue from operations ₹350 crore, down 17.7% year on year.
In FY26 (April 2025–March 2026), The Ugar Sugar Works' standalone net profit was ₹13.6 crore, against a loss of ₹16.3 crore in FY25, on revenue from operations of ₹1,515 crore (up 7.7%). Over three years, from FY23, net profit was down 86.8%.
The Ugar Sugar Works has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, The Ugar Sugar Works earned net profit of ₹13.6 crore on revenue of ₹1,515 crore, against ₹36.7 crore on ₹1,564 crore for Mawana Sugars. The Ugar Sugar Works' operating margin was 4.6% (Mawana Sugars 4.7%) and its return on equity 5.8% (Mawana Sugars 7.2%).
On FY26 standalone figures, against Mawana Sugars, ZUARI INDUSTRIES and Magadh Sugar & Energy: The Ugar Sugar Works' operating margin of 4.6% is the lowest of the four (Mawana Sugars 4.7%, ZUARI INDUSTRIES 5.2%, Magadh Sugar & Energy 9.4%; peer average 6.4%); its return on equity of 5.8% is the third highest of the four (Mawana Sugars 7.2%, ZUARI INDUSTRIES 0.3%, Magadh Sugar & Energy 7.4%; peer average 5.0%); its revenue growth over three years of −7.9% a year is the lowest of the four (Mawana Sugars 1.8% a year, ZUARI INDUSTRIES 2.5% a year, Magadh Sugar & Energy 9.3% a year; peer average 4.5% a year).
From The Ugar Sugar Works' own standalone results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Standalone figures from the company's filings with NSE; prices are NSE closing prices.