Ugar Sugar Works Limited is one of India's leading integrated sugar manufacturing companies, incorporated on September 11, 1939, with over eight decades of operational excellence in the sugar industry. The company is the parent organization of the Shirgaokar Group of Companies and has established itself as a significant player in Karnataka's industrial landscape.
The company's manufacturing facilities are strategically located at Ugar Khurd in Belagavi District and at Malli-Nagarhalli Village in Kalburgi District in Karnataka state. The Ugar Khurd facility is situated in a township close to the Karnataka-Maharashtra border, positioned along the banks of the river Krishna, providing strategic advantages for raw material procurement and logistics.
Ugar Sugar Works Limited is primarily engaged in the manufacturing and sale of sugar, with reportable segments including Sugar, Electricity, Petrol Pump, Industrial Alcohol, and Potable Alcohol, generating maximum revenue from the Sugar segment. The company's core activities encompass manufacturing and sale of sugar, industrial and potable alcohol, along with generation and distribution of electricity.
The company operates with impressive scale and capacity. Ugar Sugar Works Limited stands as the largest 'single location' manufacturer of sugar in Southern India with a licensed capacity of 15,500 TCD (Tons of Cane per Day), while the Jewargi Unit crushes 2,500 MT with 15 MW Power generation capability. The company processes a total of 18,000 tons of sugarcane daily, demonstrating substantial operational capacity.
The company operates an over 44 megawatts (MW) bagasse-based cogeneration power plant, showcasing its commitment to sustainable energy practices. The company has established a 44 MW cogeneration power plant using renewable energy sources (bagasse), of which 28 MW is exported to the grid while 16 MW is utilized for captive consumption. This integrated approach not only supports the company's operations but also contributes to India's renewable energy goals.
The company operates two distilleries at Ugar, manufacturing various India Made Liquor (IML) brands including Old Castle Premium Whisky, U.S. Whisky, U.S. Brandy, and U.S. Gin, while also producing ethanol. This diversification into the alcohol segment provides additional revenue streams and helps optimize sugarcane by-product utilization.
The market capitalization of Ugar Sugar Works Ltd stands at ₹555.52 Crore as of May 22, 2025. The company has shown resilience in its financial performance with mixed results across different quarters.
For the fiscal year 2025, the company demonstrated strong performance in certain quarters. In the quarter ended March 2025, net profit rose significantly by 194.24% to Rs 51.08 crore compared to Rs 17.36 crore in March 2024, while sales increased by 38.79% to Rs 511.00 crore from Rs 368.17 crore in the previous year.
However, for the full year ended March 2025, the company reported a net loss of Rs 16.25 crore compared to a net profit of Rs 21.14 crore in the previous year, despite sales growing by 15.52% to Rs 1,329.83 crore from Rs 1,151.21 crore.
- Q4 FY2024-25 Performance: Net Sales of ₹511.00 crore, Net Profit of ₹51.08 crore
- Full Year FY2024-25 Performance: Net Sales of ₹1,329.83 crore, Net Loss of ₹16.25 crore
- Full Year FY2023-24 Performance: Net Sales of ₹1,151.21 crore, Net Profit of ₹21.14 crore
- Market Capitalization: ₹555.52 Crore (as of May 22, 2025)
- Promoter Holding: 46.57% (as of March 2025)
Promoter holding in Ugar Sugar Works Ltd has increased to 46.57% as of March 2025 from 44.45% as of June 2024, indicating promoters' continued confidence in the company's prospects. The company is part of the Shirgaokar Group of Companies and maintains ISO 9001 and ISO 14001 certifications for quality and environmental management.
The company's 52-week high stands at ₹93.15 while the 52-week low is ₹39.06. The P/E (price-to-earnings) ratio is -34.19, while the P/B (price-to-book) ratio is 2.36. The company belongs to the Consumer Staples sector and Sugar sub-sector.
The company's operational scale is further evidenced by its workforce, with 2,443 total employees supporting its diverse business operations. The company operates exclusively within India, focusing on the domestic market for its products and services.
Ugar Sugar Works Limited continues to play a significant role in India's sugar industry while expanding its footprint in renewable energy and alcohol production, positioning itself as an integrated agro-industrial enterprise with sustainable business practices.
