The Ugar Sugar Works Limited (UGARSUGAR.BO)
The Ugar Sugar Works Limited operates in the Food Confectioners industry of the Consumer Defensive sector, headquartered in Belgaum, KA, IN. The stock last traded at $48.06, up 3.18% on the session, giving a market capitalisation of $5.41B. Its beta of 0.03 implies it has historically moved less than the broad market.
The Ugar Sugar Works Limited, established in 1939 and headquartered in Belgaum, India, primarily engages in the manufacturing and sale of sugar, industrial alcohol, and potable alcohol across India, with an additional export presence. The company's sugar division produces white crystal sugar alongside its co-products: bagasse, filter cake, and final molasses. Its diverse distillery operations yield Indian-made liquor (IML) sold under prominent brands such as Old Castle Premium Whisky, U.S. Whisky, U.S. Brandy, U.S. Gin, Ugar XXX Rum, Gokak Falls Whisky, Milan Whisky, Hawk Gin, and Gagarin Vodka. Moreover, it supplies ethanol, rectified spirit, malt spirit, and extra neutral alcohol. From its distillery processes, Ugar Sugar Works also derives valuable byproducts including fermentation sludge for poultry feed, fusel oil utilized in amyl alcohols and perfumes, carbon dioxide for industrial applications, and low-grade potash specifically beneficial for sugarcane and other crops. Complementing these activities, the firm offers confectionery products, provides warehousing services, and is active in electricity generation and distribution.
The Ugar Sugar Works Limited is most often compared with the following Consumer Defensive names: