The Ugar Sugar Works (UGARSUGAR) — Announcement

📢 Key Event
Credit rating upgraded from BB+; Negative to BBB-; Stable with fixed deposit rating withdrawn

🔄 What Changed
Rating upgraded from BB+; Negative to BBB-; Stable; Fixed deposit rating withdrawn

🔮 What's Next
Outlook revised to Stable

💡 Investor Takeaway
Shareholders gain confidence in improved creditworthiness and liquidity outlook.

The Ugar Sugar Works Limited announced a credit rating revision from CARE Edge dated August 13, 2026, upgrading its long-term bank facilities rating from BB+; Negative to BBB-; Stable and withdrawing the fixed deposit rating. The upgrade reflects improved profitability from higher sales volume and sugar realizations, with PBILDT margin expanding 370bps YoY in FY26 to [amount context mismatch] crore, while ₹50 crore annual debt repayments are mitigated by stronger cash flows. Outlook shifted to Stable, citing expectations of improved liquidity and sustained performance in sugar and ethanol segments.

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About The Ugar Sugar Works Limited (UGARSUGAR)

Fast Moving Consumer Goods · Sugar · Listed on NSE

Market Cap: ₹598.73 Cr P/E: 8.7 ROE: 31.0% ROCE: 26.7% Div Yield: 0.94%

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🔥 Also filed on 13 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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