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Uttam Sugar Mills Limited
(UTTAMSUGAR)
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Rating:63Neutral
Price Target:
₹301.00
▲(7.12% Upside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by decent but cyclical financial quality: improving balance sheet strength is offset by flat-to-declining revenue, meaningful margin compression, and volatile free cash flow. Technically, the stock is in a strong uptrend but appears overextended on momentum measures, while valuation is broadly average with a low dividend yield.
Positive Factors
Improving Balance Sheet
Lower leverage and a larger equity base provide a stronger financial foundation than in earlier years. This should improve resilience through sugar-cycle volatility, preserve borrowing capacity, and give management more flexibility to fund operations and selective growth.
Negative Factors
Weak Revenue Momentum
Several years of flat-to-declining revenue indicate limited top-line momentum and constrain the company’s ability to grow earnings through volume or market expansion. Continued weak sales growth could reduce operating leverage and make future profitability more dependent on pricing or cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Balance Sheet
Lower leverage and a larger equity base provide a stronger financial foundation than in earlier years. This should improve resilience through sugar-cycle volatility, preserve borrowing capacity, and give management more flexibility to fund operations and selective growth.
Read all positive factors
Uttam Sugar Mills Limited (UTTAMSUGAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.78B
Dividend Yield0.89%
Average Volume (3M)23.49K
Price to Earnings (P/E)12.3
Beta (1Y)1.41
Revenue Growth7.83%
EPS Growth-10.42%
CountryIN
Employees852
SectorGeneral
Sector StrengthN/A
IndustryFood Confectioners
Share Statistics
EPS (TTM)22.80
Shares Outstanding38,138,120
10 Day Avg. Volume16,867
30 Day Avg. Volume23,492
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)1.09
Price to Sales (P/S)0.43
P/FCF Ratio5.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Uttam Sugar Mills Limited Business Overview & Revenue Model
Company Description
Uttam Sugar Mills Limited (USML) is an Indian enterprise, operating with its subsidiaries, primarily engaged in manufacturing and selling sugar products under the 'Uttam' brand. Its business activities are segmented across Sugar production, Cogene...
How the Company Makes Money
Uttam Sugar Mills Limited primarily makes money by processing sugarcane into saleable products and monetizing multiple output streams from the same milling process. Its key revenue streams include: (1) Sugar sales: The company manufactures sugar (...
Uttam Sugar Mills Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.79B | 22.02B | 18.46B | 20.47B | 20.59B | 20.34B |
| Gross Profit | 3.76B | 3.68B | 3.38B | 5.52B | 4.13B | 3.07B |
| EBITDA | 2.08B | 2.29B | 2.21B | 2.72B | 2.51B | 2.82B |
| Net Income | 869.60M | 1.00B | 883.10M | 1.32B | 1.24B | 1.35B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 19.37B | 21.48B | 17.85B | 16.22B | 15.70B |
| Cash, Cash Equivalents and Short-Term Investments | 166.10M | 93.17M | 217.40M | 46.23M | 63.99M | 89.31M |
| Total Debt | 0.00 | 7.22B | 8.33B | 7.61B | 5.94B | 6.40B |
| Total Liabilities | -8.90B | 10.48B | 13.25B | 10.89B | 10.46B | 11.07B |
| Stockholders Equity | 8.90B | 8.77B | 7.88B | 6.96B | 5.76B | 4.63B |
Cash Flow | ||||||
| Free Cash Flow | 6.29B | 1.68B | 546.00M | -907.59M | 1.07B | 2.85B |
| Operating Cash Flow | 6.65B | 2.26B | 1.02B | 333.46M | 1.58B | 3.20B |
| Investing Cash Flow | -590.20M | -796.90M | -619.60M | -1.37B | -500.43M | -280.70M |
| Financing Cash Flow | -5.97B | -1.42B | -404.90M | 1.02B | -1.10B | -2.86B |
Uttam Sugar Mills Limited Technical Analysis
Neutral
281.00
Price Trends
262.62
Positive
252.75
Positive
240.21
Positive
Market Momentum
5.92
Positive
49.41
Neutral
13.20
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UTTAMSUGAR, the sentiment is Neutral. The current price of 281 is below the 20-day moving average (MA) of 299.08, above the 50-day MA of 262.62, and above the 200-day MA of 240.21, indicating a neutral trend. The MACD of 5.92 indicates Positive momentum. The RSI at 49.41 is Neutral, neither overbought nor oversold. The STOCH value of 13.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:UTTAMSUGAR.
Uttam Sugar Mills Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹10.78B | 12.27 | ― | 0.89% | 7.83% | -10.42% | |
61 Neutral | ₹7.82B | 15.07 | ― | 2.30% | -5.70% | -48.02% | |
59 Neutral | ₹10.70B | 14.99 | ― | 1.23% | 1.27% | 38.76% | |
58 Neutral | ₹15.90B | 23.40 | ― | 1.29% | 4.23% | -6.89% | |
56 Neutral | ₹8.52B | 57.36 | ― | 0.22% | -4.81% | -38.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹5.62B | 21.21 | ― | 0.18% | 17.18% | ― |
* General Sector Average
IN:UTTAMSUGAR
Uttam Sugar Mills Limited
280.65
19.23
7.36%
IN:AVADHSUGAR
Avadh Sugar & Energy Ltd.
771.95
333.25
75.96%
IN:DHAMPURSUG
Dhampur Sugar Mills Limited
163.65
30.66
23.05%
IN:DWARKESH
Dwarikesh Sugar Industries Ltd.
44.75
2.35
5.55%
IN:MAGADSUGAR
Magadh Sugar & Energy Ltd.
544.00
-11.16
-2.01%
IN:UGARSUGAR
Ugar Sugar Works Ltd
54.21
9.93
22.42%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.