Ugar Sugar Works Ltd, established in 1939, is the flagship organization of the Shirgaokar Group of Companies, whose annual revenues exceed Rs 600 crore. The company has been involved in the manufacture of white crystal sugar for over 65 years. Currently, at its Ugar, Jewargi and Bagalkot plants, the compnany is crushing a total of 19,000 tcd of sugarcane daily.

About sixty years ago Ugar Khurd was a small hamlet in the erstwhile princely state of Sangli. The 500 TCD plant was purchased, installed and the first crushing season was started on the 21st of April, 1942.

After a succesful innings, the late V S Shirgaokar then passed on the reins of the group to his younger brother -- Shri Suresh Shirgaokar -- popularly known as ‘Babu Kaka’. Babu Kaka took the organization further ahead and it was under his able leadership that the crushing capacity of the company underwent further expansion(10,000 TCD). Presently, the crushing capacity of the organization is 19,000 TCD.(Ugar, Unit-Jewargi & Bagalkot)

Sooner than later, the company diversified its activities and started its own distillery in the year 1962-63 and then added the liquor section in the year 1967-68. The company produces high quality premium brands like Old Castle Whisky, Gokak Falls Whisky, US Rum, Doctors Brandy, Gagarin Vodka and the company's brands are well accepted by the market.

The company has setup a new distillery plant for producing 45,000 litres rectified spirit including 10,000 litres ENA per day during the year 1994-95 and this plant is running very successfully thereafter. This is in addition to the existing 30,000 litres per day old distillery plant.

The company further diversified and set up a first-in-its-kind-in India co-generation power plant of 44 MW. This was based on the principle of bagasse based renewable sources of energy used as fuel. Out of which 28 MW are being exported to the grid and the rest of the 16 MW are used for captive consumption.

The product range of the company includes:

The main product of the sugar manufacturing process is white crystal sugar. This white crystal sugar is manufactured in the grades of M-30. S-30 and SS-30.

Byproducts

Bagasse
Filter Cake
Final Molasses

Different divisions of the company:

Sugar
Power
Distillery
Confectionery

Group of companies -SB Reshellers Pvt Ltd, Sadashiva Sugars Ltd, Shantaram Mach. Pvt. Ltd, Ugar Quality Packaging Pvt. Ltd, Galaxy Machinery Pvt. Ltd, Ugar Consultancy Ltd, Tara Tiles Pvt Ltd, The Pavilion Hotel, iResearch Services

Awards / Achievements

National Safety Award 1984 for largest Accident free Period
S V Parthasarathy's Award for outstanding performance in sugar industry for the season 1984-85
The company is an ISO 9001:2000& ISO 14001:1996 certified organization

Future Plans

Expansion plans will take Ugar sugar works to a crushing capacity of 30000 tcd in the season 2010-2011

Market Cap	1,243 Cr	ROE	42.8%
P/E Ratio(TTM)	14.1	EPS(TTM)	0.0
P/B Ratio	5.9	Dividend Yield	0.5%
Industry P/E	12.7	Book Value	18.8
		Face Value	1.0

Fundamentals