The Ugar Sugar Works cash flow

Latest FY26

Cash from operations: ₹43.7cr+105.3% on FY25
Capital spending: ₹25.9cr−66.6% on FY25
Free cash flow: ₹17.9cr−₹56.1 cr in FY25
Cash from financing: −₹18.8cr₹52.0 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	33.2	27.5	29.1	18.1
	—	61.1	48.4	44.4	48.3
	—	0.0	0.0	−2.5	−0.3
	—	0.0	−4.2	0.0	0.0
	—	0.2	0.0	0.1	−0.1
	—	0.0	0.0	0.2	0.0
	—	0.0	0.0	0.0	0.6
	—	−1.2	0.0	0.0	0.0
	—	0.0	0.0	0.0	0.2
	—	−174	−41.3	−120	404
	—	−7.7	0.0	4.7	−117
	—	0.0	39.9	0.0	0.0
	—	0.0	0.0	−5.2	0.0
	—	0.0	−26.9	0.0	0.0
	—	111	0.0	0.0	−79.7
	—	0.0	0.2	0.0	0.1
	—	0.6	0.0	0.9	0.0
Cash from operating activities
	31.1	16.7	−22.1	29.8	148
	—	22.4	43.8	−48.2	275
	—	39.1	21.6	−18.4	423
	—	−4.6	0.3	19.0	29.0
	—	43.7	21.3	−37.3	394
Cash from investing activities
	—	25.9	77.4	103	59.2
	—	0.0	−0.7	0.0	0.0
	—	−0.0	0.0	0.0	0.0
	—	0.0	0.0	0.0	0.0
	—	0.0	4.1	0.0	10.8
	—	1.2	0.0	4.6	0.0
	—	0.0	0.0	−0.0	0.0
	—	−24.7	−72.6	−98.3	−48.4
Cash from financing activities
	—	57.0	103	181	−295
	—	75.8	48.2	44.3	48.2
	—	0.0	2.8	5.6	2.8
	—	−18.8	52.0	131	−346
	—	0.3	0.7	−4.8	−0.5
	—	0.3	0.7	−4.8	−0.5
	—	—	—	0.9	5.7
Reference items
	124	104	40.4	70.2	208
	8.0%	6.8%	2.9%	5.5%	10.7%
	17.9	17.9	−56.1	−140	335
	—	96.2	−104	−17.8	—
	₹1.59	₹1.59	−₹4.99	−₹12.46	₹29.76
	27.26×	—	—	—	—
	—	3.21×	−1.31×	−1.77×	3.82×
	—	−4.6	0.3	19.0	29.0
	—	75.8	48.2	44.3	48.2

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From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

UGARSUGAR₹43.28

The Ugar Sugar Works Limited

· FMCG & Retail

₹ CrorePeersMAWANASUG ZUARIIND MAGADSUGAR DBOL DCMSRIND DWARKESH PONNIERODE KMSUGARMcap ₹487 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	18.1	29.1	27.5	33.2	—
+ Finance Costs	48.3	44.4	48.4	61.1	—
+ Interest Income	-0.3	-2.5	0.0	0.0	—
+ Dividend Income	0.0	0.0	-4.2	0.0	—
+ Fair Value (Gains) / Losses	-0.1	0.1	0.0	0.2	—
+ Share-based Payments	0.0	0.2	0.0	0.0	—
+ Other Non-cash Items	0.6	0.0	0.0	0.0	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	0.0	-1.2	—
+ Other Reconciling Items	0.2	0.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	404.2	-119.8	-41.3	-174.4	—
+ Trade Receivables — Current	-116.7	4.7	0.0	-7.7	—
+ Trade Receivables — Non-current	0.0	0.0	39.9	0.0	—
+ Trade Payables — Current	0.0	-5.2	0.0	0.0	—
+ Trade Payables — Non-current	0.0	0.0	-26.9	0.0	—
+ Other Current Liabilities	-79.7	0.0	0.0	110.7	—
+ Provisions — Current	0.1	0.0	0.2	0.0	—
+ Provisions — Non-current	0.0	0.9	0.0	0.6	—
Cash from Operating Activities
Profit Before Tax (per I/S)	148.4	29.8	-22.1	16.7	31.1
+ Total Adjustments (incl. Working Capital)	274.7	-48.2	43.8	22.4	—
Cash from Operations (pre-tax)	423.1	-18.4	21.6	39.1	—
+ Income Taxes Paid	29.0	19.0	0.3	-4.6	—
Cash from Operating Activities	394.0	-37.3	21.3	43.7	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	59.2	102.8	77.4	25.9	—
+ Acq of Investment Property	0.0	0.0	-0.7	0.0	—
+ Disp of Investment Property	0.0	0.0	0.0	-0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	0.0	0.0	—
+ Dividends Received — Investing	10.8	0.0	4.1	0.0	—
+ Interest Received — Investing	0.0	4.6	0.0	1.2	—
+ Other Inflows / (Outflows) — Investing	0.0	-0.0	0.0	0.0	—
Cash from Investing Activities	-48.4	-98.3	-72.6	-24.7	—
Cash from Financing Activities
+ Proceeds from Borrowings	-295.1	180.7	103.0	57.0	—
+ Interest Paid	48.2	44.3	48.2	75.8	—
+ Dividends Paid	2.8	5.6	2.8	0.0	—
Cash from Financing Activities	-346.1	130.8	52.0	-18.8	—
Net Changes in Cash (pre-FX)	-0.5	-4.8	0.7	0.3	—
Net Changes in Cash	-0.5	-4.8	0.7	0.3	—
Closing Cash	5.7	0.9	—	—	—
Reference Items
EBITDA	208.4	70.2	40.4	103.5	123.9
EBITDA Margin %	10.74	5.50	2.87	6.83	7.96
Free Cash Flow (CFO − Capex)	334.8	-140.2	-56.1	17.9	17.9
Free Cash Flow to Equity	—	-17.8	-104.3	96.2	—
Free Cash Flow per Basic Share	29.76	-12.46	-4.99	1.59	1.59
Price to Free Cash Flow	—	—	—	—	27.26
Cash Flow to Net Income	3.82	-1.77	-1.31	3.21	—
Cash Paid for Taxes	29.0	19.0	0.3	-4.6	—
Cash Paid for Interest	48.2	44.3	48.2	75.8	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.