Uttam Sugar Mills Limited, founded in 1960 and based in Noida, India, is a prominent player in the sugar industry. The company operates through Sugar, Cogeneration, and Distillery segments, manufacturing and selling sugar products under the "Uttam" brand both in India and internationally. The Uttam Group, promoted by the Adlakha family, acquired 100% shareholding in 1998, subsequently changing the company's name from Associated Sugar Mills Ltd to Uttam Sugar Mills Ltd on November 24, 1998.
The company operates four sugar plants primarily located in northern India. One plant is situated in Libberheri, Uttarakhand, and three plants are in Uttar Pradesh at Barkatpur, Khaikheri, and Shermau.
Uttam Sugar Mills boasts a combined sugarcane crushing capacity of 23,750 Tons-of-Cane-per-Day (TCD) across its plants: Libberheri (6,250 TCD), Barkatpur (7,000 TCD), Khaikheri (4,500 TCD), and Shermau (6,000 TCD). The company also has an energy generation capability of 103 megawatts (MW) (Libberheri-23 MW, Barkatpur-40 MW, Khaikheri-15 MW, Shermau-25 MW). It further has an Ethanol manufacturing capacity of 75 KLPD at Barkatpur. The total installed capacity for power generation is approximately 122 MW, with an exportable capacity of 64 MW of green power. Its total sugarcane crushing capacity is approximately 26,200 TCD, and distillery capacity is 300 KLPD.
The company has strategically expanded its operations:
- In 2011-12, a Distillery Plant with an installed capacity of 75 KLPD was commissioned at the Barkatpur factory.
- In 2018-19, the Ethanol Distillery Plant capacity at the Barkatpur Unit was enhanced from 75 KLPD to 150 KLPD.
- In 2021-22, a Second Distillery Unit with an installed capacity of 50 KLPD was commissioned at Libberheri, Uttarakhand.
Uttam Sugar Mills offers a diverse product portfolio catering to both consumer and industrial markets:
- Consumer Usage Products: Liquid Sugar, Brown Sugar, Caster Sugar, Icing Sugar, Sulfur-Free Sugar, Sulfur-Free Bura, Super Refined Sugar, White Sugar Cubes.
- Industrial Usage Products: Pharma Sugar, Double Refined Sugar, Demerara Sugar, Invert Sugar Syrup, Plantation White Sugar.
- Other Products: Industrial alcohol and ethanol.
The company also engages in the power generation business. It serves various industries including pharmaceuticals, processed food, beverages, confectionery, dairy, bakery, distillery, honey replacement, sauces, breakfast cereals, tobacco, direct consumption, hotels, hospitals, and travel and tourism.
Its packaged sugar products are available in modern retail chains such as Big Bazaar, Easyday, Walmart, Reliance Fresh, 6 Ten, Big Apple, Spencer's, and V-Mart. The company has established a robust distribution network nationwide.
Uttam Sugar Mills Ltd has a market capitalization of ₹1,067.38 Crore as of April 21, 2025. The 52-week high for the stock (UTTAMSUGAR) is ₹396, and the 52-week low is ₹171.51.
Q4 FY2024-25 Performance (Quarter ended March 2025):
- Net profit rose 56.26% to ₹65.85 crore compared to ₹42.14 crore in Q4 FY2023-24.
- Sales rose 21.85% to ₹566.79 crore compared to ₹465.15 crore in Q4 FY2023-24.
FY2024-25 Performance (Full Year ended March 2025):
- Net profit declined 33.20% to ₹88.31 crore compared to ₹132.21 crore in FY2023-24.
- Sales declined 9.82% to ₹1,846.01 crore compared to ₹2,046.97 crore in FY2023-24.
Q3 FY2024-25 Performance (Quarter ended December 2024):
- Net profit declined 25.21% to ₹32.51 crore compared to ₹43.47 crore in Q3 FY2023-24.
- Sales declined 21.99% to ₹403.88 crore compared to ₹517.74 crore in Q3 FY2023-24.
- Operating Revenue (Trailing 12-Month): ₹1,744.37 Crore
- Annual Revenue De-growth: -1% (needs improvement)
- Pre-tax Margin: 9% (okay)
- Return on Equity (ROE): 18% (exceptional)
- Debt-to-Equity: 10% (reasonable, signals a healthy balance sheet)
- P/E (Price-to-Earnings) Ratio: 8.07
- P/B (Price-to-Book) Ratio: 1.53
- Current Dividend Yield: 0.89%
For the quarter ending March 2024, Uttam Sugar Mills Ltd declared a dividend of ₹2.50 per share, translating to a dividend yield of 1.78%. The dividend was declared on May 6, 2024. Last year, the company distributed a total dividend of ₹5 for the full year.
As per the last reported quarter, the shareholding pattern for Uttam Sugar Mills Ltd is as follows:
- Promoter Holding: 74.4% (indicates strong management confidence)
- FII (Foreign Institutional Investors) Holding: 0.1%
- Public Holding: 25.5%
Uttam Sugar Mills Ltd (UTTAMSUGAR) operates in the Consumer Staples sector, specifically the Sugar sub-sector. The company has shown a modest sales growth of 1.74% over the past five years. However, its revenue has grown at a yearly rate of 10.69% over the last five years, outperforming the industry average of 9.09%. Over the same period, its market share increased from 2.17% to 2.3%. The company competes with other major sugar manufacturers in India and has solidified its position as a significant player in the northern Indian sugar market.
The company has consistently upgraded its manufacturing capabilities:
- In January 2001, the first sugar unit was established at Roorkee, Uttarakhand, with a capacity of 2500 TCD using a double sulphitation process, alongside cogeneration facilities of 6 MW of power.
- A Bagasse Dryer was installed at the Barkatpur Unit during 2015-16.
- An Incineration Boiler, MEE (Multi Effect Evaporator), and a 10 MW Turbine were installed at the Barkatpur Distillery Unit in 2019-20.
Uttam Sugar Mills Limited stands as a diversified sugar manufacturing company with integrated operations spanning sugar production, ethanol manufacturing, and power generation. Despite recent fluctuations in financial performance, the company maintains a robust operational foundation with significant manufacturing capacity and an established market presence in northern India.
