Uttam Sugar Mills Limited (UTTAMSUGAR) AI Stock Analysis

Uttam Sugar Mills Limited

(NSE:UTTAMSUGAR)

Select Model

Rating:73Outperform

Price Target:INR 353.00▲(1.69% Upside)

Action:reiterated

Date:10/23/26

Bullish technical momentum and solid financial performance led by a strengthening balance sheet are the primary drivers, with fair valuation providing moderate support.

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 12.48B
Dividend Yield: 0.77%
Average Volume (3M): 27.87K
Price to Earnings (P/E): 14.4
Beta (1Y): 1.66
Revenue Growth: 7.83%
EPS Growth: -10.42%
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

Improving balance sheet with reduced leverage and steady profitability, tempered by volatile cash flows and inconsistent revenue growth.

Income Statement

65Positive

Balance Sheet

80Positive

Cash Flow

60Neutral

Financial statement breakdown
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	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	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

Technical Analysis SentimentPositive

Last Price347.15

Price Trends

50DMA306.16Positive

100DMA271.54Positive

200DMA249.17Positive

Market Momentum

MACD12.11Positive

RSI50.54Neutral

STOCH35.43Neutral

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 347.15 is above the 20-day moving average (MA) of 335.08, above the 50-day MA of 306.16, and above the 200-day MA of 249.17, indicating a neutral trend. The MACD of 12.11 indicates Positive momentum. The RSI at 50.54 is Neutral, neither overbought nor oversold. The STOCH value of 35.43 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:UTTAMSUGAR	73Outperform	INR 12.50B	14.35	―	0.77%	7.83%	-10.42%
IN:DHAMPURSUG	71Outperform	INR 10.27B	14.63	―	1.26%	1.27%	38.76%
IN:MAGADSUGAR	64Neutral	INR 7.09B	13.93	―	2.49%	-5.70%	-48.02%
IN:AVADHSUGAR	57Neutral	INR 16.12B	24.43	―	1.23%	4.23%	-6.89%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:UGARSUGAR	55Neutral	INR 4.64B	16.78	―	0.24%	-0.70%	184.81%
IN:DWARKESH	53Neutral	INR 7.60B	52.56	―	0.24%	-4.81%	-38.80%

* 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	327.65	84.92	34.98%
IN:AVADHSUGAR	Avadh Sugar & Energy Ltd.	805.35	387.55	92.76%
IN:DHAMPURSUG	Dhampur Sugar Mills Limited	159.65	26.51	19.91%
IN:DWARKESH	Dwarikesh Sugar Industries Ltd.	41.01	-1.07	-2.54%
IN:MAGADSUGAR	Magadh Sugar & Energy Ltd.	503.05	-27.72	-5.22%
IN:UGARSUGAR	Ugar Sugar Works Ltd	41.24	-1.00	-2.36%

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