
About The Ugar Sugar Works Ltd
Data last updated:
The Ugar Sugar Works Ltd is a public limited company based in Sangli, Maharashtra, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 11 September 1939 and has been in existence for over 87 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L15421PN1939PLC006738. Its GSTIN is 27AAACT7580R1ZH (Maharashtra). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 530363 and NSE: UGARSUGAR.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹11.25 Cr. It is led by directors including Niraj Shishir Shirgaokar (Managing Director) and Chandan Sanjeev Shirgaokar (Managing Director).
Its last annual general meeting (AGM) was held on 05 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mahaveer Nagar, Sangli, Maharashtra, India – 416416.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,484.26 Cr, a growth of 11.6% compared to the previous year. For the same year it recorded a net profit of ₹13.61 Cr (net margin 0.9%) and EBITDA of ₹103.54 Cr (EBITDA margin 7%). The net worth stands at ₹233.68 Cr (up 8.2% YoY). Total assets are valued at ₹904.99 Cr (up 9% YoY).
Its group structure includes 1 subsidiary and 1 joint venture.
The company is associated with 1 brand: Ugar Sugar. As per MCA filings, the company has open charges of ₹1,247.36 Cr and satisfied charges of ₹677.14 Cr on record. Court records list 462 cases involving the company, including 322 filed by the company and 141 filed against it; 76 cases are pending. The company has 20 deals on record (20 market trades); the latest was in December 2022. The company has 12 MSME Form 1 returns on record between 2019 and 2023, listing 124 overdue payments to 41 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website web.ugarsugar.com.
Company details
CIN history
The Ugar Sugar Works has one previous CIN (Corporate Identification Number): U15421MH1948PLC006738. The current CIN is L15421PN1939PLC006738, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15421PN1939PLC006738 | Current |
| U15421MH1948PLC006738 | Previous |
Contact details
The Ugar Sugar Works Ltd's registered office is in Sangli, Maharashtra. Its website is web.ugarsugar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMahaveer Nagar, Sangli, Maharashtra, India – 416416
- IndustryAgriculture, Sugar Processing
To see the full contact details of The Ugar Sugar Works Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
The Ugar Sugar Works operates one associated brand: Ugar Sugar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sugar is manufactured by Ugar Sugar in Sangli, India. | ugarsugar.com |
Business activity
The main business activities of The Ugar Sugar Works are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of The Ugar Sugar Works Ltd, buy the company report.
Financials of The Ugar Sugar Works Ltd
FY 2025-26 filings availableThe Ugar Sugar Works Ltd reported revenue of ₹1,484.26 Cr (up 11.6% YoY) for FY 2025-26.
Financial Highlights
FY 2022-23 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 1,794 | 1,137 | 956 | 870 |
| Revenue growth | +57.7% | +19.0% | +9.8% | - |
| EBITDA | 208 | 99.17 | 67.81 | 68.01 |
| EBITDA margin | +11.6% | +8.7% | +7.1% | +7.8% |
| Profit before tax | 148 | 46.35 | 18.60 | 13.90 |
| Net profit | 103 | 43.31 | 17.05 | 13.76 |
| Net profit margin | +5.7% | +3.8% | +1.8% | +1.6% |
| EPS (₹) | 9.16 | 3.85 | 1.52 | 1.22 |
| Balance sheet | ||||
| Total assets | 625 | 826 | 694 | 583 |
| Net worth | 221 | 122 | 80.50 | 64.86 |
| Total debt | 400 | 700 | 610 | 514 |
| Cash & bank | 18.37 | 7.71 | 6.71 | 11.39 |
| Net working capital | 353 | 594 | 566 | 447 |
| Cash flow | ||||
| Cash from operations | 394 | 93.00 | (77.77) | 44.59 |
| Cash from investing | (48.42) | (131) | (5.51) | (1.18) |
| Cash from financing | (346) | 39.15 | 78.72 | (36.89) |
| Particulars | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 234 | 188 | 608 | 594 | 256 | 335 | 363 | 299 |
| Revenue growth (YoY) | -8.7% | -43.9% | +67.5% | +98.7% | +1.4% | - | - | - |
| Other income | 3.98 | 2.18 | 2.20 | 2.11 | 0.37 | 1.76 | 0.95 | 0.62 |
| EBITDA | (20.24) | 6.12 | 105 | 75.47 | 3.41 | 24.45 | 28.62 | 64.42 |
| EBITDA margin | -8.6% | +3.3% | +17.3% | +12.7% | +1.3% | +7.3% | +7.9% | +21.6% |
| Depreciation | 6.94 | 6.87 | 6.16 | 5.06 | 3.54 | 3.33 | 2.91 | 2.90 |
| Interest | 9.19 | 9.05 | 12.53 | 9.05 | 12.45 | 14.31 | 10.84 | 9.52 |
| Profit before tax | (32.39) | (7.62) | 88.57 | 63.47 | (12.21) | 8.57 | 15.82 | 52.62 |
| Tax | 0.80 | 1.51 | 23.30 | 17.94 | 1.27 | 2.84 | 0.98 | 1.44 |
| Net profit | (33.19) | (9.13) | 65.27 | 45.53 | (13.48) | 5.73 | 14.84 | 51.18 |
| EPS (₹) | (2.95) | (0.81) | 5.80 | 4.05 | (1.20) | 0.51 | 1.32 | 4.55 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,484 | 1,330 | 1,151 | 1,794 | 1,137 | 956 | 870 |
| Revenue growth | +11.6% | +15.5% | -35.8% | +57.7% | +19.0% | +9.8% | - |
| EBITDA | 104 | 40.43 | 70.28 | 209 | 99.17 | 67.82 | 68.00 |
| EBITDA margin | +7.0% | +3.0% | +6.1% | +11.6% | +8.7% | +7.1% | +7.8% |
| Profit before tax | 16.73 | (22.12) | 29.81 | 148 | 46.35 | 18.60 | 13.90 |
| Net profit | 13.61 | (17.82) | 21.10 | 103 | 43.31 | 17.05 | 13.76 |
| Net profit margin | +0.9% | -1.3% | +1.8% | +5.7% | +3.8% | +1.8% | +1.6% |
| EPS (₹) | 1.21 | (1.44) | 1.88 | 9.16 | 3.85 | 1.52 | 1.22 |
| Balance sheet | |||||||
| Total assets | 905 | 831 | 752 | 572 | 825 | 693 | 582 |
| Net worth | 234 | 216 | 235 | 221 | 121 | 79.40 | 63.62 |
| Total debt | 668 | 611 | 514 | 347 | 700 | 610 | 514 |
| Cash & bank | 15.75 | 18.93 | 40.62 | 18.37 | 7.65 | 6.65 | 11.32 |
| Net working capital | 511 | 429 | 408 | 300 | 594 | 566 | 447 |
| Cash flow | |||||||
| Cash from operations | 43.73 | 21.31 | (37.32) | 394 | 93.01 | (77.75) | 44.59 |
| Cash from investing | (24.66) | (72.58) | (98.26) | (48.42) | (131) | (5.51) | (1.25) |
| Cash from financing | (18.80) | 52.03 | 131 | (346) | 39.15 | 78.72 | (36.89) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 348 | 478 | 389 | 321 | 417 | 356 | 511 | 263 |
| Revenue growth (YoY) | -16.6% | +34.1% | -23.8% | +22.2% | +73.6% | +12.8% | - | - |
| Other income | 3.18 | 2.00 | 3.77 | 0.36 | 2.29 | 1.10 | 5.11 | 2.36 |
| Total expenses | 358 | 451 | 319 | 285 | 426 | 351 | 453 | 242 |
| EBITDA | (10.12) | 26.72 | 70.76 | 36.53 | (9.06) | 5.31 | 57.58 | 20.31 |
| EBITDA margin | -2.9% | +5.6% | +18.2% | +11.4% | -2.2% | +1.5% | +11.3% | +7.7% |
| Depreciation | 9.24 | 9.22 | 10.17 | 9.23 | 7.20 | 6.64 | 7.00 | 6.88 |
| Interest | 16.31 | 18.47 | 17.95 | 11.53 | 17.72 | 13.87 | 10.69 | 12.14 |
| Profit before tax | (32.49) | 1.03 | 46.41 | 16.13 | (31.69) | (14.10) | 45.00 | 3.65 |
| Tax | 0.87 | (0.45) | 0.64 | 2.37 | 0.48 | (0.37) | (6.08) | (0.87) |
Financial Statements
| Particulars | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 234 | 188 | 608 | 594 | 256 | 335 | 363 | 299 |
| Revenue growth (YoY) | -8.7% | -43.9% | +67.5% | +98.7% | +1.4% | - | - | - |
| Other income | 3.98 | 2.18 | 2.20 | 2.11 | 0.37 | 1.76 | 0.95 | 0.62 |
| EBITDA | (20.24) | 6.12 | 105 | 75.47 | 3.41 | 24.45 | 28.62 | 64.42 |
| EBITDA margin | -8.6% | +3.3% | +17.3% | +12.7% | +1.3% | +7.3% | +7.9% | +21.6% |
| Depreciation | 6.94 | 6.87 | 6.16 | 5.06 | 3.54 | 3.33 | 2.91 | 2.90 |
| Interest | 9.19 | 9.05 | 12.53 | 9.05 | 12.45 | 14.31 | 10.84 | 9.52 |
| Profit before tax | (32.39) | (7.62) | 88.57 | 63.47 | (12.21) | 8.57 | 15.82 | 52.62 |
| Tax | 0.80 | 1.51 | 23.30 | 17.94 | 1.27 | 2.84 | 0.98 | 1.44 |
| Net profit | (33.19) | (9.13) | 65.27 | 45.53 | (13.48) | 5.73 | 14.84 | 51.18 |
| EPS (₹) | (2.95) | (0.81) | 5.80 | 4.05 | (1.20) | 0.51 | 1.32 | 4.55 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Revenue | 1,794 | 1,137 | 956 | 870 |
| Revenue growth | +57.7% | +19.0% | +9.8% | - |
| Other income | 6.42 | 2.24 | 5.87 | 2.81 |
| Total expenses | 1,586 | 1,038 | 888 | 802 |
| Employee cost | 108 | 78.44 | 69.50 | 69.98 |
| EBITDA | 208 | 99.17 | 67.81 | 68.01 |
| EBITDA margin | +11.6% | +8.7% | +7.1% | +7.8% |
| Depreciation | 18.08 | 11.48 | 12.43 | 13.75 |
| Interest | 48.40 | 43.58 | 42.65 | 43.17 |
| Profit before tax | 148 | 46.35 | 18.60 | 13.90 |
| Tax | 45.35 | 3.04 | 1.55 | 0.14 |
| Net profit | 103 | 43.31 | 17.05 | 13.76 |
| Net profit margin | +5.7% | +3.8% | +1.8% | +1.6% |
| EPS (₹) | 9.16 | 3.85 | 1.52 | 1.22 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 11.25 | 11.25 | 11.25 | 11.25 |
| Reserves & surplus | 210 | 111 | 69.25 | 53.61 |
| Shareholders' funds (net worth) | 221 | 122 | 80.50 | 64.86 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 400 | 700 | 610 | 514 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 400 | 700 | 610 | 514 |
| Total liabilities | 625 | 826 | 694 | 583 |
| Assets | ||||
| Gross block | 634 | 511 | 510 | 508 |
| Net block | 224 | 119 | 128 | 137 |
| Capital work in progress | 37.86 | 112 | 2.60 | 0.85 |
| Investments | 3.59 | 3.67 | 3.72 | 3.70 |
| Inventories | 365 | 769 | 635 | 588 |
| Sundry debtors | 187 | 88.87 | 49.34 | 11.55 |
| Cash & bank balances | 18.37 | 7.71 | 6.71 | 11.39 |
| Loans & advances | 63.53 | 56.75 | 64.22 | 74.23 |
| Total current assets | 634 | 923 | 755 | 685 |
| Total current liabilities | 281 | 329 | 190 | 238 |
| Net working capital | 353 | 594 | 566 | 447 |
| Total assets | 625 | 826 | 694 | 583 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Opening cash | 6.24 | 5.42 | 9.98 | 3.45 |
| Net cash from operating activities | 394 | 93.00 | (77.77) | 44.59 |
| Net cash from investing activities | (48.42) | (131) | (5.51) | (1.18) |
| Net cash from financing activities | (346) | 39.15 | 78.72 | (36.89) |
| Net change in cash | (0.48) | 0.82 | (4.55) | 6.52 |
| Closing cash | 18.37 | 7.71 | 6.71 | 11.39 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +57.7% | +19.0% | +9.8% | - |
| EBITDA growth | +110.2% | +46.3% | -0.3% | - |
| PBT growth | +220.2% | +149.2% | +33.8% | +9997.0% |
| Net income growth | +137.9% | +154.0% | +23.9% | - |
| Revenue CAGR (3Y) | +27.3% | - | - | - |
| EBITDA CAGR (3Y) | +45.3% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +5.7% | +3.8% | +1.8% | +1.6% |
| Return on capital employed | +27.1% | +11.8% | +9.6% | +9.8% |
| Return on net worth | +60.2% | +42.9% | +23.5% | +21.2% |
| Debt / equity | 3.21 | 6.48 | 7.74 | 7.93 |
| Long-term debt / equity | 0.77 | 0.96 | 0.82 | 0.75 |
| Interest cover | 25.42 | 49.70 | 77.01 | 79.56 |
| Efficiency & per share | ||||
| Fixed asset turnover | 3.39 | 2.55 | 2.20 | 1.99 |
| Inventory turnover | 3.42 | 1.85 | 1.83 | 1.72 |
| Debtors turnover | 14.05 | 18.83 | 36.72 | 87.53 |
| EPS (₹) | 9.16 | 3.85 | 1.52 | 1.22 |
| Dividend per share (₹) | 0.50 | 0.25 | 0.20 | 0.10 |
| Book value per share (₹) | 19.63 | 10.82 | 7.15 | 5.76 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 348 | 478 | 389 | 321 | 417 | 356 | 511 | 263 |
| Revenue growth (YoY) | -16.6% | +34.1% | -23.8% | +22.2% | +73.6% | +12.8% | - | - |
| Other income | 3.18 | 2.00 | 3.77 | 0.36 | 2.29 | 1.10 | 5.11 | 2.36 |
| Total expenses | 358 | 451 | 319 | 285 | 426 | 351 | 453 | 242 |
| EBITDA | (10.12) | 26.72 | 70.76 | 36.53 | (9.06) | 5.31 | 57.58 | 20.31 |
| EBITDA margin | -2.9% | +5.6% | +18.2% | +11.4% | -2.2% | +1.5% | +11.3% | +7.7% |
| Depreciation | 9.24 | 9.22 | 10.17 | 9.23 | 7.20 | 6.64 | 7.00 | 6.88 |
| Interest | 16.31 | 18.47 | 17.95 | 11.53 | 17.72 | 13.87 | 10.69 | 12.14 |
| Profit before tax | (32.49) | 1.03 | 46.41 | 16.13 | (31.69) | (14.10) | 45.00 | 3.65 |
| Tax | 0.87 | (0.45) | 0.64 | 2.37 | 0.48 | (0.37) | (6.08) | (0.87) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,484 | 1,330 | 1,151 | 1,794 | 1,137 | 956 | 870 |
| Revenue growth | +11.6% | +15.5% | -35.8% | +57.7% | +19.0% | +9.8% | - |
| Other income | 7.52 | 13.39 | 33.08 | 6.42 | 2.23 | 5.85 | 2.81 |
| Total expenses | 1,381 | 1,289 | 1,081 | 1,585 | 1,038 | 888 | 802 |
| Employee cost | 89.27 | 88.47 | 94.52 | 108 | 78.43 | 69.48 | 69.98 |
| EBITDA | 104 | 40.43 | 70.28 | 209 | 99.17 | 67.82 | 68.00 |
| EBITDA margin | +7.0% | +3.0% | +6.1% | +11.6% | +8.7% | +7.1% | +7.8% |
| Depreciation | 33.24 | 27.50 | 29.08 | 18.08 | 11.47 | 12.42 | 13.74 |
| Interest | 61.09 | 48.44 | 44.47 | 48.65 | 43.58 | 42.65 | 43.17 |
| Profit before tax | 16.73 | (22.12) | 29.81 | 148 | 46.35 | 18.60 | 13.90 |
| Tax | 3.12 | (5.86) | 8.66 | 45.35 | 3.04 | 1.55 | 0.14 |
| Net profit | 13.61 | (17.82) | 21.10 | 103 | 43.31 | 17.05 | 13.76 |
| Net profit margin | +0.9% | -1.3% | +1.8% | +5.7% | +3.8% | +1.8% | +1.6% |
| EPS (₹) | 1.21 | (1.44) | 1.88 | 9.16 | 3.85 | 1.52 | 1.22 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 11.25 | 11.25 | 11.25 | 11.25 | 11.25 | 11.25 | 11.25 |
| Reserves & surplus | 222 | 205 | 224 | 210 | 109 | 68.15 | 52.37 |
| Shareholders' funds (net worth) | 234 | 216 | 235 | 221 | 121 | 79.40 | 63.62 |
| Secured loans | 668 | 611 | 514 | 347 | 700 | 610 | 514 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 668 | 611 | 514 | 347 | 700 | 610 | 514 |
| Total liabilities | 905 | 831 | 752 | 572 | 825 | 693 | 582 |
| Assets | |||||||
| Gross block | 835 | 697 | 690 | 634 | 509 | 509 | 506 |
| Net block | 340 | 234 | 254 | 224 | 117 | 127 | 136 |
| Capital work in progress | 35.13 | 148 | 79.28 | 37.86 | 112 | 2.60 | 0.85 |
| Investments | 5.08 | 5.09 | 3.54 | 3.59 | 4.16 | 4.21 | 4.18 |
| Inventories | 701 | 526 | 485 | 365 | 769 | 635 | 588 |
| Sundry debtors | 137 | 120 | 142 | 187 | 88.78 | 49.28 | 11.54 |
| Cash & bank balances | 15.75 | 18.93 | 40.62 | 18.37 | 7.65 | 6.65 | 11.32 |
| Loans & advances | 61.53 | 58.07 | 62.07 | 63.53 | 56.75 | 64.22 | 74.23 |
| Total current assets | 915 | 724 | 730 | 634 | 923 | 755 | 685 |
| Total current liabilities | 404 | 295 | 322 | 334 | 329 | 190 | 238 |
| Net working capital | 511 | 429 | 408 | 300 | 594 | 566 | 447 |
| Total assets | 905 | 831 | 752 | 572 | 825 | 693 | 582 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.69 | 0.94 | 5.76 | 6.24 | 5.36 | 9.91 | 3.45 |
| Net cash from operating activities | 43.73 | 21.31 | (37.32) | 394 | 93.01 | (77.75) | 44.59 |
| Net cash from investing activities | (24.66) | (72.58) | (98.26) | (48.42) | (131) | (5.51) | (1.25) |
| Net cash from financing activities | (18.80) | 52.03 | 131 | (346) | 39.15 | 78.72 | (36.89) |
| Net change in cash | 0.27 | 0.75 | (4.82) | (0.48) | 0.83 | (4.55) | 6.45 |
| Closing cash | 15.75 | 18.93 | 40.62 | 18.37 | 7.65 | 6.65 | 11.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.6% | +15.5% | -35.8% | +57.7% | +19.0% | +9.8% | - |
| EBITDA growth | +156.1% | -42.5% | -66.3% | +110.5% | +46.2% | -0.3% | - |
| PBT growth | +9998.0% | - | -79.9% | +220.2% | +149.2% | +33.8% | +153.7% |
| Net income growth | +176.4% | -184.5% | -79.5% | +137.9% | +154.0% | +23.9% | - |
| Revenue CAGR (3Y) | -6.1% | +5.4% | +6.4% | +27.3% | +14.9% | +13.7% | +14.1% |
| EBITDA CAGR (3Y) | -20.8% | -25.9% | +1.2% | +45.3% | +25.8% | - | +1.7% |
| Profitability & leverage | |||||||
| Net income margin | +0.9% | -1.2% | +1.8% | +5.7% | +3.8% | +1.8% | +1.6% |
| Return on capital employed | +9.0% | +3.3% | +11.2% | +28.3% | +11.9% | +9.6% | +9.1% |
| Return on net worth | +6.1% | -7.2% | +9.3% | +60.6% | +43.3% | +23.8% | +15.7% |
| Debt / equity | 2.84 | 2.50 | 1.90 | 3.08 | 6.55 | 7.86 | 9.31 |
| Long-term debt / equity | 0.34 | 0.39 | 0.49 | 0.78 | 0.97 | 0.83 | 0.42 |
| Interest cover | 86.90 | 374.63 | 107.94 | 25.52 | 49.69 | 76.99 | 79.56 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.98 | 2.03 | 1.93 | 3.40 | 2.56 | 2.20 | 1.97 |
| Inventory turnover | 2.47 | 2.78 | 3.00 | 3.42 | 1.85 | 1.83 | 1.62 |
| Debtors turnover | 11.77 | 10.72 | 7.75 | 14.05 | 18.86 | 36.76 | 50.74 |
| EPS (₹) | 1.21 | (1.44) | 1.88 | 9.16 | 3.85 | 1.52 | 1.22 |
| Dividend per share (₹) | 0.10 | 0.00 | 0.25 | 0.50 | 0.25 | 0.20 | 0.10 |
| Book value per share (₹) | 20.77 | 19.20 | 20.78 | 19.52 | 10.72 | 7.06 | 5.65 |
To see the full year-wise statements and ratios of The Ugar Sugar Works Ltd, buy the company report.
Board of directors of The Ugar Sugar Works Ltd
The Ugar Sugar Works has 14 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shripad Sannacharya Gangavati | Director | 14 Aug 2019 | 7 Years 2 Months | Current |
| Sachin Rajendra Shirgaokar Also directs: D.M.Shirgaokar Enterprises LLP, Synergy Green Industries Limited, S.B. Reshellers Private Limited and 3 more | Director | 29 Jan 2014 | 12 Years 9 Months | Current |
| Niraj Shishir Shirgaokar Also directs: Suresh Shirgaokar Enterprises LLP, D.M.Shirgaokar Enterprises LLP, Synergy Green Industries Limited and 5 more | Managing Director | 01 Apr 2011 | 15 Years 6 Months | Current |
| Ravi Yeshwant Shiralkar | Director | 29 Jul 2024 | 2 Years 3 Months | Current |
| Chandan Sanjeev Shirgaokar Also directs: S.S.Shirgaokar Enterprises LLP, Suresh Shirgaokar Enterprises LLP, D.M.Shirgaokar Enterprises LLP and 3 more | Managing Director | 01 Apr 2011 | 15 Years 6 Months | Current |
| Aashish Ramdas Kamat | Director | 29 Jul 2024 | 2 Years 3 Months | Current |
Auditor
The Ugar Sugar Works Ltd is audited by Kirtane & Pandit LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kirtane & Pandit LLP | FY 2023 | 105215W/W100057 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 44.50%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 55.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 44.50% | 44.50% | 46.80% | 47.00% |
| Public | 55.50% | 55.50% | 53.20% | 53.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Aug 2026 | 101370996 | Others | ₹40 Cr | Open | |
| 27 Mar 2026 | 101268096 | Others | ₹50 Cr | Open | |
| 15 Sep 2025 | 101158566 | Others | ₹40 Cr | Open | |
| 03 Sep 2025 | 101147686 | Others | ₹15 Cr | Open | |
| 08 Aug 2025 | 101138943 | Others | ₹42 Cr | Open |
To see the full charge records of The Ugar Sugar Works Ltd, buy the company report.
Total charge records: 53 View all charges
Deals & funding
The Ugar Sugar Works Ltd has 20 deals on record (20 market trades); the latest was in December 2022.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Market trade | ₹5.74 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Dec 2022 | Market trade | ₹18.76 Cr | Buyer: Graviton Research Capital LLP , Qe Securities Seller: Graviton Research Capital LLP , Qe Securities |
| Aug 2022 | Market trade | ₹3.56 Cr | Buyer: Parth Infin Brokers Private Limited Seller: Parth Infin Brokers Private Limited |
| May 2021 | Market trade | ₹2.19 Cr | Buyer: Alpha Leon Enterprises LLP Seller: Alpha Leon Enterprises LLP |
| Nov 2016 | Market trade | ₹1.67 Cr | Buyer: NBN Fintrade Private Limited Seller: NBN Fintrade Private Limited |
To see the full deal history of The Ugar Sugar Works Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
The Ugar Sugar Works Ltd has 462 court cases on record: 322 filed by The Ugar Sugar Works, 141 filed against it. 76 cases are pending and 386 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 313 | 87 | 49 |
| High courts | 136 | 45 | 20 |
| NCLAT | 7 | 7 | 6 |
| Supreme Court | 6 | 2 | 1 |
Cases on record (5 of 462)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by Shri Dutt India Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Karnataka State Marketing Communication and Advertising Limited | Pending |
| High Court of Karnataka | Appeal | Filed against the company by Sri Sai Basava Sugars Limited | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Athani Sugars Limited | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against KPR Sugar and Apparels Limited and 7 others | Pending |
To see the full case history of The Ugar Sugar Works Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
The Ugar Sugar Works Ltd was last rated by Crisil on 29 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Jul 2020 |
To see the full credit ratings and regulatory alerts of The Ugar Sugar Works Ltd, buy the company report.
MSME payment delays
The Ugar Sugar Works Ltd has 12 MSME Form 1 returns on record between 2019 and 2023, listing 124 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| LMR Transport | |||
| an individual supplier | |||
| Krishna Tia Packaging LLP | |||
| an individual supplier | |||
| Suyash Engineering Company |
To see the full MSME payment records of The Ugar Sugar Works Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
The Ugar Sugar Works has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ugar Theatre Private Limited | U33205PN1977PTC199900 |
To see the full group structure of The Ugar Sugar Works Ltd, buy the company report.
GST
The Ugar Sugar Works has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT7580R1ZH | Maharashtra | Active | 01 Jul 2017 |
| 29AAACT7580R1ZD | Karnataka | Active | 01 Jul 2017 |
| 32AAACT7580R1ZQ | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of The Ugar Sugar Works Ltd, buy the company report.
Recent activity
The Ugar Sugar Works Ltd has 27 board changes on record since 1994: 14 appointments and 13 cessations. The latest: Aashish Ramdas Kamat was appointed as Director on 29 Jul 2024.
112 earlier events are in the company report.
News
Frequently asked questions
The Ugar Sugar Works is an active public limited company based in Sangli, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 11 September 1939 (87+ years old) and is registered under CIN L15421PN1939PLC006738. Listed on BSE: 530363 and NSE: UGARSUGAR.
The Ugar Sugar Works reported revenue of ₹1,484.26 Cr for FY 2025-26 (up 11.6% YoY) based on standalone financials.
The Ugar Sugar Works has 14 current directors:
- Niraj Shishir Shirgaokar - Managing Director
- Chandan Sanjeev Shirgaokar - Managing Director
- Sohan Sanjeev Shirgaokar - Whole-Time Director
- Shripad Sannacharya Gangavati - Director
- Sachin Rajendra Shirgaokar - Director
- Ravi Yeshwant Shiralkar - Director
- Aashish Ramdas Kamat - Director
- Shreenath Vinayak Deshpande - Director
- Subhash Gundappa Kutte - Director
- Prafulla Vinayak Shirgaokar - Director
- Hari Yashwant Athawale - Director
- Shilpa Naval Kumar - Director
- Suneeta Sanjiv Thakur - Director
- Shishir Suresh Shirgaokar - Director
The latest financial statements of The Ugar Sugar Works on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 05 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of The Ugar Sugar Works is 27AAACT7580R1ZH, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAACT7580R1ZD (Karnataka), 32AAACT7580R1ZQ (Kerala).
The CIN (Corporate Identification Number) of The Ugar Sugar Works is L15421PN1939PLC006738. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. The Ugar Sugar Works is a listed company as per MCA records. Its shares are listed on both BSE (code: 530363) and NSE (symbol: UGARSUGAR).
The Ugar Sugar Works has 462 court cases on record: 322 filed by the company and 141 filed against it. 76 are pending. Most are in the district courts.
The Ugar Sugar Works was incorporated on 11 September 1939, making it 87+ years old. It is registered with the Registrar of Companies, Pune.
The Ugar Sugar Works has 20 deals on record (20 market trades); the latest was in December 2022.
Aashish Ramdas Kamat was appointed as Director on 29 Jul 2024. Ravi Yeshwant Shiralkar was appointed as Director on 29 Jul 2024. Shreenath Vinayak Deshpande was appointed as Director on 29 Jul 2024. The Ugar Sugar Works has 27 board changes on record in total.

