Uttam Sugar Mills Limited (UTTAMSUGAR) AI Stock Analysis

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Uttam Sugar Mills Limited

(NSE:UTTAMSUGAR)

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Rating:67Neutral

Price Target:INR 344.00▼(-6.36% Downside)

Action:reiterated

Date:10/23/26

The score is supported primarily by improving balance-sheet strength and favorable technical momentum. These positives are offset by margin pressure, limited growth, volatile cash flow, and only moderate valuation attractiveness.

Positive Factors

Improving Balance SheetLower leverage and a larger equity base improve financial resilience relative to prior years. This gives Uttam Sugar greater capacity to manage the cyclical sugar business, absorb earnings variability, and fund operations while reducing balance-sheet pressure over the next several quarters.

Negative Factors

Weak Revenue MomentumSeveral consecutive years of flat-to-declining revenue indicate limited top-line momentum and constrain operating leverage. Without renewed volume, pricing or downstream growth, Uttam Sugar may find it harder to expand earnings and spread fixed costs across a larger revenue base.

Uttam Sugar Mills Limited (UTTAMSUGAR) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 14.33B
Dividend Yield: 0.68%
Average Volume (3M): 27.60K
Price to Earnings (P/E): 15.5
Beta (1Y): 1.54
Revenue Growth: -5.00%
EPS Growth: -19.67%
Country: India
Employees: 852
Sector: General
Sector Strength: 55
Industry: Food Confectioners

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, Cogenerat...

Uttam Sugar Mills Limited Financial Statement Overview

Summary

Financial quality is respectable but uneven: the balance sheet has improved with leverage below 1x, while margin compression, limited revenue growth, and volatile cash generation weigh on the overall profile.

Income Statement

63Positive

Balance Sheet

71Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	20.92B	22.02B	18.46B	20.47B	20.59B	20.34B
Gross Profit	3.32B	3.68B	3.38B	5.52B	4.13B	3.07B
EBITDA	2.05B	2.29B	2.21B	2.72B	2.51B	2.82B
Net Income	904.50M	1.00B	883.10M	1.32B	1.24B	1.35B
Balance Sheet
Total Assets	11.78B	19.37B	21.48B	17.85B	16.22B	15.70B
Cash, Cash Equivalents and Short-Term Investments	414.30M	93.17M	217.40M	46.23M	63.99M	89.31M
Total Debt	717.90M	7.22B	8.33B	7.61B	5.94B	6.40B
Total Liabilities	2.91B	10.48B	13.25B	10.89B	10.46B	11.07B
Stockholders Equity	8.74B	8.77B	7.88B	6.96B	5.76B	4.63B
Cash Flow
Free Cash Flow	0	1.68B	546.00M	-907.59M	1.07B	2.85B
Operating Cash Flow	0	2.26B	1.02B	333.46M	1.58B	3.20B
Investing Cash Flow	0	-796.90M	-619.60M	-1.37B	-500.43M	-280.70M
Financing Cash Flow	0	-1.42B	-404.90M	1.02B	-1.10B	-2.86B

Uttam Sugar Mills Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price367.35

Price Trends

50DMA313.49Positive

100DMA281.59Positive

200DMA254.27Positive

Market Momentum

MACD13.45Positive

RSI57.71Neutral

STOCH76.68Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UTTAMSUGAR, the sentiment is Positive. The current price of 367.35 is above the 20-day moving average (MA) of 354.50, above the 50-day MA of 313.49, and above the 200-day MA of 254.27, indicating a bullish trend. The MACD of 13.45 indicates Positive momentum. The RSI at 57.71 is Neutral, neither overbought nor oversold. The STOCH value of 76.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:UTTAMSUGAR.

Uttam Sugar Mills Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:UTTAMSUGAR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:MAGADSUGAR	68Neutral	INR 7.59B	12.36	―	2.31%	-8.42%	-24.72%
IN:UTTAMSUGAR	67Neutral	INR 14.02B	15.49	―	0.68%	-5.00%	-19.67%
IN:AVADHSUGAR	67Neutral	INR 16.56B	20.21	―	1.19%	2.21%	30.24%
IN:UGARSUGAR	58Neutral	INR 4.81B	17.20	―	0.24%	-0.70%	184.81%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:DHAMPURSUG	53Neutral	INR 10.64B	15.06	―	1.22%	1.27%	38.76%
IN:DWARKESH	53Neutral	INR 7.97B	23.48	―	0.23%	-4.06%	125.89%

* General Sector Average

Performance Comparison

IN:UTTAMSUGAR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:UTTAMSUGAR	Uttam Sugar Mills Limited	367.35	134.28	57.61%
IN:AVADHSUGAR	Avadh Sugar & Energy Ltd.	831.75	463.41	125.81%
IN:DHAMPURSUG	Dhampur Sugar Mills Limited	164.30	34.27	26.35%
IN:DWARKESH	Dwarikesh Sugar Industries Ltd.	42.96	1.45	3.49%
IN:MAGADSUGAR	Magadh Sugar & Energy Ltd.	542.90	55.50	11.39%
IN:UGARSUGAR	Ugar Sugar Works Ltd	42.27	1.77	4.37%

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.

Date of analysis: Oct 23, 2026

Uttam Sugar Mills Limited AI Stock Analysis