UTTAMSUGAR
Uttam Sugar Mills financials
- Market cap
- ₹1.1k Cr
- Sector
- Fast Moving Consumer Goods
What Uttam Sugar Mills Limited does
Uttam Sugar Mills operates four integrated sugar mills at Libberheri (Uttarakhand) and Barkatpur, Khaikheri and Shermau (Uttar Pradesh), crushing sugarcane into raw, refined, pharma-grade and specialty sugars. Each of the Libberheri and Barkatpur units also runs a bagasse-based cogeneration power plant, a molasses-based ethanol distillery and a potash manufacturing unit, with surplus power exported to the grid and CO2 recovered as a by-product. The company sells a branded/specialty sugar range (refined, pharma, liquid/invert, brown, superfine, icing, cubes, sachets and candy) to institutional buyers, hotel chains and e-commerce platforms across northern and central India, Rajasthan and Gujarat, and sources cane from over a lakh associated farmers.
Segments
- Sugar
- Power (cogeneration)
- Ethanol / Distillery
- Potash & by-products
- Manufacturing units
- 4 integrated sugar mills (Libberheri, Barkatpur, Khaikheri, Shermau)
- Total cane crushing capacity
- 27,000 TCD
- Cogeneration power capacity
- 122 MW installed (64 MW exportable)
- Distillery (ethanol) capacity
- 350 KLPD (B-Heavy/Syrup basis)
- Branded/specialty sugar product range
- 21 products
- Cane crushed (2024-25 season)
- 401.68 Lakh Qtls
Quarterly results
Q1 FY27: revenue down 3.6%, net profit down 91.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 401 | 425 | 567 | 629 | 582 +45% | 521 +23% | 470 −17% | 606 −4% |
| EBITDA | 3 | 60 | 115 | 50 | 23 +640% | 57 −4% | 98 −14% | 26 −48% |
| Net profit | -14 | 30 | 64 | 15 | 1 +107% | 30 +1% | 55 −15% | 1 −91% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +5.9% 1Y
1Y: ₹264.3 on 10 Sept 2025 → ₹279.85. High ₹336.22 (20 Aug 2026), low ₹187.38 (25 Feb 2026).
Financials, as filed
Revenue grew 2.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 10.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹2.1k Cr | ₹2.0k Cr | ₹1.8k Cr | ₹2.2k Cr |
| Operating profit | ₹245 Cr | ₹266 Cr | ₹213 Cr | ₹229 Cr |
| Operating margin | 11.9% | 13.0% | 11.5% | 10.4% |
| Interest | ₹53 Cr | ₹56 Cr | ₹57 Cr | ₹52 Cr |
| Depreciation | ₹36 Cr | ₹40 Cr | ₹47 Cr | ₹49 Cr |
| Net profit | ₹124 Cr | ₹132 Cr | ₹86 Cr | ₹101 Cr |
| Net margin | 6.0% | 6.5% | 4.6% | 4.6% |
| Cash from operations | ₹158 Cr | ₹33 Cr | ₹102 Cr | ₹270 Cr |
| Free cash flow | ₹108 Cr | ₹-91 Cr | ₹55 Cr | ₹213 Cr |
| ROCE | — | — | 11.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹38 Cr |
| Reserves | ₹300 Cr | ₹425 Cr | ₹538 Cr | ₹658 Cr | ₹745 Cr | ₹838 Cr |
| Borrowings | ₹820 Cr | ₹640 Cr | ₹594 Cr | ₹761 Cr | ₹228 Cr | ₹722 Cr |
| Other liabilities | ₹622 Cr | ₹467 Cr | ₹452 Cr | ₹327 Cr | ₹206 Cr | ₹339 Cr |
| Total liabilities | ₹1.8k Cr | ₹1.6k Cr | ₹1.6k Cr | ₹1.8k Cr | ₹1.2k Cr | ₹1.9k Cr |
| Fixed assets | ₹553 Cr | ₹673 Cr | ₹673 Cr | ₹777 Cr | ₹752 Cr | ₹880 Cr |
| Capital work in progress | ₹127 Cr | ₹4 Cr | ₹7 Cr | ₹1 Cr | ₹31 Cr | ₹8 Cr |
| Investments | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹62 Cr | ₹0 Cr |
| Other assets | ₹1.1k Cr | ₹892 Cr | ₹943 Cr | ₹1.0k Cr | ₹371 Cr | ₹1.1k Cr |
| Total assets | ₹1.8k Cr | ₹1.6k Cr | ₹1.6k Cr | ₹1.8k Cr | ₹1.2k Cr | ₹1.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +0.32 pp while the public trimmed −0.23 pp. The shareholder count shrank 1% to 29,632.
- Promoters
- 74.7%
- FIIs
- 0.0%
- Public
- 25.3%
Since Jun 2025
- Promoters +0.32 pp
- Public −0.23 pp
- FIIs −0.09 pp
How it drifted, 12 quarters
Over this window promoters went from 72.8% to 74.7% — +1.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 72.8%, FIIs 0.4%, DIIs 0.0%, Public 26.8%.Dec '23: Promoters 73.2%, FIIs 0.3%, Public 26.5%.Mar '24: Promoters 73.7%, FIIs 0.1%, Public 26.2%.Jun '24: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Sep '24: Promoters 74.4%, FIIs 0.1%, Public 25.5%.Dec '24: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Mar '25: Promoters 74.4%, FIIs 0.3%, Public 25.4%.Jun '25: Promoters 74.4%, FIIs 0.1%, Public 25.5%.Sep '25: Promoters 74.4%, FIIs 0.1%, Public 25.6%.Dec '25: Promoters 74.4%, FIIs 0.0%, Public 25.6%.Mar '26: Promoters 74.7%, FIIs 0.3%, Public 25.0%.Jun '26: Promoters 74.7%, FIIs 0.0%, Public 25.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Uttam Sugar Mills Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Uttam Adlakha & Sons Holdings Private Limited | 42.74% | unchanged |
| Lipi Boilers Private Limited | 9.22% | unchanged |
| Uttam Industrial Engineering Private Limited | 7.21% | unchanged |
| Raj Kumar Adlakha | 5.60% | unchanged |
| Ranjan Adlakha | 3.91% | unchanged |
| Anil Kumar Goel | 3.67% | unchanged |
| Shomna Adlakha | 2.28% | unchanged |
| Seema Goel | 1.70% | −0.49 pp |
| New Castle Finance And Leasing Private Limited | 1.00% | unchanged |
| Ranjana Chopra | 0.98% | unchanged |
| Rajni Babbar | 0.69% | unchanged |
| Shubham Sugars Limited | 0.38% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Uttam Sugar Mills Limited
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