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The Ugar Sugar Works Limited (UGARSUGAR)

Sugar & Ethanol · NSE · end-of-day 2026-10-19
Close
₹54.23
Day change
-3.13%
1-year
+27.2%
From 52-week high
-15.3%
Weinstein stage
Stage 2
Minervini template
7/8
The Ugar Sugar Works Limited closed at ₹54.23 on 2026-10-19, up 27% over the past year, 15% below its 52-week high. It meets 7 of 8 conditions of Minervini's trend template; Weinstein's stage analysis reads stage 2 - advancing; on earnings, it passes 2 of 2 SEPA checks. Over the year its annualised volatility was about 45%, with a largest fall of 22% from a peak.

About The Ugar Sugar Works Limited

The Ugar Sugar Works Limited manufactures sugar and related products, with operations also linked to ethanol and power generation. Sugar demand, ethanol blending, renewable energy, and agricultural activity provide opportunities for growth. Diversification into ethanol and cogeneration can improve business resilience. Cane availability, sugar prices, government policies, ethanol pricing, energy costs, and monsoon conditions remain important factors.

Price, RSI and MACD

Price · +36.2% over the period
3744515866Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
RSI (14) · 46.1
305070
MACD (12, 26, 9) · histogram -0.58
-1.30.11.52.94.3
Price · +24.5% over the period
3442505866Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26Oct 26
RSI (14) · 46.1
305070
MACD (12, 26, 9) · histogram -0.58
-1.8-0.31.32.84.3
Price · -37.6% over the period
3247617690Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26Oct 26
RSI (14) · 46.1
305070
MACD (12, 26, 9) · histogram -0.58
-5.7-3.2-0.624.6
Price · -51.2% over the period
31527495116Feb 24Jul 24Dec 24May 25Oct 25Mar 26Aug 26
RSI (14) · 46.1
305070
MACD (12, 26, 9) · histogram -0.58
-5.7-3.1-0.624.5
Price: daily close adjusted for splits and bonuses, dashed line the 150-day moving average. MACD: green line, orange dashed signal, bars the histogram. Longer periods are drawn from every second or third session.

Fundamentals

Market capSales (TTM)Net profit (TTM)P/EEPS (TTM)P/BROEROE previous yearROCEDebt / equityFree cash flowEV / EBITDABeta
₹610 cr——22.02.552.615.8%-6.9%9.4%2.86₹18 cr11.70.54

Quarterly results

QuarterSales ₹ crNet profit ₹ crEPSEPS YoYSales YoYNet margin
Jun 202648120.13turnaround+32.2%0.3%
Mar 2026397464.07-10.3%-24.3%11.5%
Dec 2025329141.22+205.0%+19.6%4.2%
Sep 2025425———+61.5%—
Jun 2025364-14-1.22—+5.5%-3.8%
Mar 2025524514.54+194.8%+29.6%9.7%
Dec 202427540.40-90.2%-29.4%1.7%
Sep 2024263-60-5.34——-22.8%
Standalone · EPS restated onto today's share count after splits and bonuses · net profit as filed.

Minervini SEPA — earnings checks 2 of 2 pass

CheckResult
Latest quarter EPS up 25%+ on a year ago— Not assessable
EPS growth accelerating over 3 quarters— Not assessable
Sales up 25%+, or sales growth accelerating✓ Pass
Annual EPS up 25%+ in each of the last 2 years— Not assessable
Net margin above the same quarter last year✓ Pass

Investor methods

MethodChecksScoreVerdict
Minervini
✓ Close above the 150- and 200-day averages
✓ 150-day above 200-day
✓ 200-day rising for a month
✓ 50-day above the 150- and 200-day
✗ Close above the 50-day
✓ At least 25% above the 52-week low · low 35.36
✓ Within 25% of the 52-week high · high 64.03
✓ RS percentile 70 or more · RS 88
Trend template - the gate, measured: a modest 21-day edge.
7/87 of 8
Weinstein
Stan Weinstein's stage analysis on the 30-week moving average.
Stage 2 - advancing
CAN SLIM
— C latest quarter EPS up 25%+
— A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held
✗ N within 15% of the 52-week high · high 64.03
✓ S more volume on up days than down days (50 sessions) · 2.78x
✓ L RS percentile 80 or more · RS 88
— I institutional sponsorship rising · shareholding not collected yet
✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45%
William O'Neil's growth-leader checklist.
3/4Average
Darvas
✓ Box top confirmed (3 sessions below the new high) · top 66.77
✓ Box bottom confirmed (3 sessions holding) · bottom 52.10
✗ Close above the box top · close 54.23
✗ Volume at least 1.5x its 50-day average · 0.1x
Nicolas Darvas's box: buy the breakout above a confirmed box after a new high.
41/100In box
Turtle
✗ Close above the prior 55-session high · 66.77
✗ Close above the prior 20-session high · 66.77
✗ Close below the prior 20-session low · 52.10
Donchian channel breakout - the Turtle traders' entry.
No signal
Greenblatt
— Earnings yield (EBITDA / EV) · 8.6%
— Return on capital (ROCE) · 9.4%
Joel Greenblatt's Magic Formula: good businesses at good prices, ranked across all companies. Earnings yield uses EBITDA, as EBIT is not held separately.
39/100Weak
Graham
✗ Price at or below the Graham number · Graham number 34.53
✗ P/E 15 or less · P/E 21.3
✗ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 2.61
✗ Current ratio 2 or more · 0.91
— 10 years of positive earnings, 20 of dividends · history not held
Benjamin Graham's defensive-investor tests.
64/100Expensive
Piotroski
✓ Profitable (ROA > 0)
✓ Operating cash flow positive
✓ ROA rising
✓ Cash flow above net profit (earnings quality)
✓ Long-term debt / assets falling
✗ Current ratio rising · 0.91
✓ No new shares issued
✓ Margin rising (net margin)
✗ Asset turnover rising
Joseph Piotroski's F-score, FY 2025 -> 2026.
7/9Strong
Each method's own rules applied to this stock - information, not a buy or sell signal. All were tested on 2024-26 data; only the Minervini trend template showed a consistent edge.

Sugar & Ethanol sector — top 10 by 1-year return

Stock1M %3M %6M %1Y %3Y %5Y %P/EP/BROE %ROCE %ROA %D/EEV/EBITDA₹ CrSales TTM ₹ CrProfit TTM ₹ CrEPSBeta
UGARSUGAR this stock-4.5+37.1+36.2+28.2-47.3+89.022.02.615.89.4—2.8611.7610——2.50.54
MAWANASUG+32.2+51.2+62.1+97.7+60.0+92.724.01.267.37.8—0.8010.26631,586287.00.11
DBOL+13.2+22.4+16.7+68.9-19.5—10.30.852.54.9—1.0312.28743,2688412.80.35
INDIAGLYCO+21.1+31.5+56.7+53.5+333.5+249.7—0.7311.311.6—0.545.82,14010,31231649.40.98
BALRAMCHIN+4.3+17.0+36.1+51.1+66.4+89.738.23.589.58.8—0.7723.614,8286,36637118.40.49
UTTAMSUGAR+38.4+53.5+47.7+45.3-20.3+89.515.81.5712.011.4—0.829.01,3742,1798722.80.76
DHAMPURSUG+21.3+30.3+32.8+37.5-35.7-40.417.41.025.56.5—0.7310.91,2192,8537010.90.26
ABDL+14.3+18.1+29.1+34.2——94.512.4514.218.4—0.6938.920,6977,6042107.81.01
DALMIASUG+18.8+27.9+18.7+30.1+2.2+6.619.11.167.38.2—0.5510.33,754——25.10.54
PONNIERODE-0.6+9.2+21.7+28.5-13.8+47.06.20.548.716.5—0.003.13054465057.50.57
KMSUGAR+10.6+10.8+13.5+15.1-9.6+19.0—0.7414.613.3—0.64—291640486.10.46
A blank in a return column means the stock is younger than that window. P/B and ROE come from each company's own filings where held.

Sugar & Ethanol stocks of a similar size

Mawana Sugars LimitedDwarikesh Sugar Industries LimitedBclindDhampur Bio Organics LimitedThe Andhra Sugars LimitedDhampursugPonni Sugars (Erode) LimitedK.M.Sugar Mills Limited
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Prices as of 2026-10-19, end of day, from NSE. Fundamentals from each company's own exchange filings (XBRL), EPS restated for splits and bonuses. Figures may be delayed and are for information only.
For research & education only — not investment advice. The methods, checks and verdicts are automated rules applied to public data, not buy/sell recommendations. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. ClusterMicro Technologies is not a SEBI-registered investment adviser. Consult a SEBI-registered adviser before investing.