Dashboard/UTTAMSUGAR

UTTAMSUGAR

UNDERVALUED

Uttam Sugar Mills Limited

FMCG · NSE

↑ 22.1% vs fair value

52W Low

₹181

+42.2% from low

52W High

₹330

-22.0% from high

News sentiment (2 articles)

1 bull1 neutral0 bear

✦

Analyst Note

Today

Uttam Sugar Mills trades at ₹257.6 against a fair value of ₹330.81, presenting a 25% margin of safety with high confidence—the stock appears undervalued relative to sector peers. The company demonstrates solid fundamentals with a conservative debt-to-equity of 0.34, strong 22.7% revenue growth, and ₹55 Cr free cash flow, though earnings have declined 3.9% over the past year. A low PE of 8.5 and cash-backed earnings quality add defensive appeal, but flat sentiment and long-term earnings decline warrant caution. This suits value investors with patience for potential mean reversion in a cyclical sector.

Valuation Gauge

UNDERVALUED+22.1% Margin of Safety

OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹258

Fair Value

₹331

Fair Value Analysis

₹331

Based on free cash flow projections and balance sheet strength analysis and earnings growth potential for FMCG sector companies | Sector-cheap: P/E at 14th percentile vs sector peers.

High confidence

Cash Flow Analysis

50% weight

₹206

Balance Sheet Value

30% weight

₹369

Growth Valuation

20% weight

₹584

Price vs Market

UTTAMSUGAR

Nifty 50

Shareholding Pattern

Stock Health Score

Solid Fundamentals

6.2 / 10

Profitability

6/10

ROE of 13.9% is below the FMCG sector benchmark of 25%

Debt & Leverage

10/10

D/E ratio of 0.3x is well within the FMCG sector norm of 0.8x — strong balance sheet

Valuation vs Peers

10/10

P/E of 8.5x trades at a 76% discount to FMCG sector median (35x) — attractively valued

Cash Flow

4/10

FCF margin of 3.0% — thin cash generation, watch capex trends

Earnings Growth

3/10

5yr EPS CAGR of -13.2% — earnings are declining (sector avg growth: 6.9%)

Dividend

6/10

Dividend yield of 1.0% provides moderate shareholder returns

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

4.3%

Free cash flow / market cap

Revenue Growth (YoY)

+22.6%

Year-on-year revenue change

Profit Growth (YoY)

+0.0%

Year-on-year PAT change

Operating Cash Flow

₹102 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹29.2

P/E Ratio

8.5x

P/B Ratio

1.2x

ROE

13.9%

ROCE

16.8%

Debt / Equity

0.34x

Beta

0.08

Div Yield

FCF (Cr)

₹55 Cr

Revenue (Cr)

₹1,829 Cr

EPS Growth 5Y

-13.2%

Mkt Cap (Cr)

₹947 Cr

52W High

₹330.5

52W Low

₹181.1

Book Value/Share

₹207.5

Financial History

Period	Revenue	Op Profit	OPM%	PAT	EPS
TTM	₹2.3K Cr	₹246 Cr	11.0%	₹110 Cr	₹29.21
2025-03-31	₹1.8K Cr	₹213 Cr	12.0%	₹86 Cr	₹23.16
2024-03-31	₹2.0K Cr	₹266 Cr	13.0%	₹132 Cr	₹34.67

Compounded Growth Rates

Sales Growth

3Y—

5Y—

10Y—

Profit Growth

3Y—

5Y—

10Y—

EPS Growth

3Y—

5Y—

10Y—

Peer Comparison

FMCG

Stock	Price	Fair Value	MoS%	P/E	ROE	Signal
UGARSUGAR The Ugar Sugar Works Limited	₹39.6	₹175.7	+77.5%	23.5	40.1%	UNDERVALUED
KMSUGAR K.M.Sugar Mills Limited	₹26.8	₹97.8	+72.7%	4.3	15.2%	UNDERVALUED
RANASUG Rana Sugars Limited	₹12.4	₹42.9	+71.1%	6.6	4.8%	FAIRLY_VALUED
LIBAS Libas Consumer Products Limited	₹10.2	₹32.1	+68.3%	2.9	1.9%	FAIRLY_VALUED
MAWANASUG Mawana Sugars Limited	₹100.1	₹312.8	+68.0%	10.1	17.6%	FAIRLY_VALUED
PRUDMOULI Prudential Sugar Corporation Limited	₹13	₹19	+31.4%	7.1	2.4%	UNDERVALUED
BECTORFOOD Mrs. Bectors Food Specialities Limited	₹187.6	₹270.6	+30.7%	41.5	10.0%	UNDERVALUED
UTTAMSUGAR Uttam Sugar Mills Limited	₹257.6	₹330.8	+22.1%	8.5	13.9%	UNDERVALUED