Uttam Sugar Mills Share Price Target 2026, 2027, 2030, 2040, 2050
Uttam Sugar Mills is an Indian sugar company and part of the Uttam Group. It mainly makes sulphur-free sugar, ethanol, and electricity. It has four factories in Uttar Pradesh and Uttarakhand. The company makes different sugar products like refined sugar, brown sugar, pharma sugar, icing sugar, and caster sugar. It also produces ethanol and makes more than 100 MW of green electricity using bagasse, which is the waste left after crushing sugarcane. Uttam Sugar Mills supplies its products to companies such as Britannia Industries, Patanjali Ayurved, and Cadbury, and focuses on clean, environmentally friendly production.
What is Uttam Sugar Mills Ltd NSE: UTTAMSUGAR?
Uttam Sugar Mills was established in 1993, and its head office is in Noida, Uttar Pradesh, India. The company is run by the Adlakha family, and Naresh Kumar Adlakha is one of the main people in the company. It is an Indian company that mainly makes sugar, ethanol, and electricity. The company makes many types of sugar, such as refined sugar, brown sugar, pharma sugar, liquid sugar, icing sugar, sulphur-free sugar, and sugar cubes. It also makes ethanol and industrial alcohol, which are used in petrol blending and other industries. The company has sugar factories in Uttar Pradesh and Uttarakhand. It also produces electricity from sugar waste, which helps in making green energy.
It started as a small sugar company and gradually grew into a large sugar and energy company. In the beginning, the company could crush only a small amount of sugarcane, but after 2001, it expanded quickly by building new plants and using modern machines. Its sugarcane crushing capacity increased from around 2,500 TCD to nearly 27,000 TCD over the years. This growth helped Uttam Sugar become one of the big sugar companies in North India. In 2026, its share price target would be ₹540, as per stock market analysts.
According to stock market analysts, its share price would be between ₹169 to ₹540 in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 169 | 540 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 205 | 256 |
| February | 185 | 227 |
| March | 181 | 252 |
| April | 236 | 287 |
| May | 197 | 310 |
| June | 169 | 336 |
| July | 188 | 378 |
| August | 221 | 422 |
| September | 254 | 459 |
| October | 279 | 478 |
| November | 321 | 512 |
| December | 390 | 540 |
It mainly earns money by making different types of sugar. The company makes many sugar products for homes and industries, such as refined sugar, sulphur-free sugar, pharma sugar, icing sugar, caster sugar, brown sugar, cube sugar, liquid sugar, and demerara sugar. The company uses modern technology to make clean and high-quality sugar. Its products are sold to homes, hotels, bakeries, sweet shops, beverage companies, and food industries across India. In 2027, its share price target would be ₹843, as per stock market analysts.
According to stock market analysts, its share price would be between ₹521 to ₹843 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 521 | 843 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 521 | 622 |
| February | 532 | 664 |
| March | 554 | 689 |
| April | 574 | 700 |
| May | 590 | 711 |
| June | 621 | 732 |
| July | 632 | 745 |
| August | 645 | 774 |
| September | 662 | 785 |
| October | 684 | 800 |
| November | 700 | 825 |
| December | 711 | 843 |
The company uses modern technology and advanced systems to make clean and shiny white sugar with high purity. Sulphur-free sugar is considered cleaner and better because it is made without using sulphur during processing. This sugar is widely used by food companies, bakeries, drink companies, and medicine companies. It has become a trusted company in this segment because it focuses on quality, cleanliness, and hygiene. In 2028, its share price target would be ₹1080, as per stock market analysts.
According to stock market analysts, its share price would be between ₹820 to ₹1080 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 820 | 1080 |
It has also grown strongly in the ethanol business in recent years. The company makes ethanol at its Barkatpur and Libberheri plants with a total production capacity of around 300 KLPD. The ethanol is mainly supplied to oil companies under the Government of India’s ethanol blending programme. Ethanol is considered a cleaner fuel because it helps reduce pollution and lowers India’s dependence on imported crude oil. In 2029, its share price target would be ₹1285, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1050 to ₹1285 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 1050 | 1285 |
It also produces green electricity using bagasse, which is the fibre left after crushing sugarcane. Instead of throwing this waste away, the company uses it as fuel to produce electricity in its power plants. Uttam Sugar has a power generation capacity of more than 100 MW, and some of this electricity is supplied to the state electricity grid. This process helps reduce waste and supports clean energy production. In 2030, its share price target would be ₹1660, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1250 to ₹1660 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 1250 | 1660 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1250 | 1362 |
| February | 1274 | 1389 |
| March | 1290 | 1400 |
| April | 1321 | 1422 |
| May | 1345 | 1442 |
| June | 1362 | 1468 |
| July | 1385 | 1482 |
| August | 1414 | 1500 |
| September | 1432 | 1557 |
| October | 1462 | 1578 |
| November | 1485 | 1600 |
| December | 1511 | 1660 |
It operates several modern factories in Uttar Pradesh and Uttarakhand. These factories are located in major sugarcane-growing areas, which helps the company get fresh sugarcane easily from farmers. The company uses modern machines and systems in its factories to improve sugar production and increase efficiency. Its factories also have quality testing labs and automatic systems to maintain good product quality. In 2040, its share price target would be ₹4661, as per stock market analysts.
According to stock market analysts, its share price would be between ₹4195 to ₹4661 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 4195 | 4661 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 4195 | 4335 |
| February | 4235 | 4374 |
| March | 4232 | 4397 |
| April | 4265 | 4414 |
| May | 4290 | 4452 |
| June | 4324 | 4474 |
| July | 4335 | 4489 |
| August | 4374 | 4521 |
| September | 4412 | 4554 |
| October | 4452 | 4587 |
| November | 4490 | 4620 |
| December | 4521 | 4661 |
It works closely with thousands of sugarcane farmers in Uttar Pradesh and Uttarakhand. The company supports farmers by teaching better farming methods and encouraging good-quality sugarcane production. Good relationships with farmers help the company get a regular supply of sugarcane for its factories. It also supports village development because sugarcane farming provides jobs and income to many rural families. In 2050, its share price target would be ₹8546, as per stock market analysts.
According to stock market analysts, its share price would be between ₹8080 to ₹8546 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 8080 | 8546 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 8080 | 8205 |
| February | 8100 | 8245 |
| March | 8133 | 8274 |
| April | 8165 | 8290 |
| May | 8190 | 8332 |
| June | 8211 | 8365 |
| July | 8236 | 8378 |
| August | 8256 | 8411 |
| September | 8278 | 8442 |
| October | 8300 | 8474 |
| November | 8332 | 8521 |
| December | 8390 | 8546 |
Should I buy Uttam Sugar Mills stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 169 | 540 |
| 2027 | 521 | 843 |
| 2028 | 820 | 1080 |
| 2029 | 1050 | 1285 |
| 2030 | 1250 | 1660 |
| 2040 | 4195 | 4661 |
| 2050 | 8080 | 8546 |
It could be a good stock for people who want to invest in the sugar and ethanol sector. The company earns money from sugar, ethanol, and green electricity, which makes its business more balanced. Its ethanol business may grow in the future because the Indian government is increasing the use of ethanol in petrol. Uttam Sugar has modern factories, good sugar production capacity, and a growing green energy business. However, sugar companies are affected by changes in sugar prices, government policies, sugarcane prices, and market demand, so the company’s profits can increase or decrease over time.
Uttam Sugar Mills earnings results
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
| Sales + | 1,645 | 1,819 | 2,034 | 2,059 | 2,047 | 1,793 | 2,209 |
| Expenses + | 1,463 | 1,601 | 1,764 | 1,814 | 1,781 | 1,578 | 1,965 |
| Operating Profit | 182 | 218 | 271 | 245 | 266 | 215 | 244 |
| OPM % | 11% | 12% | 13% | 12% | 13% | 12% | 11% |
| Other Income + | 10 | 7 | 14 | 9 | 9 | 7 | 6 |
| Interest | 79 | 86 | 75 | 52 | 56 | 54 | 52 |
| Depreciation | 29 | 29 | 33 | 36 | 40 | 45 | 46 |
| Profit before tax | 84 | 110 | 177 | 165 | 179 | 124 | 152 |
| Tax % | 39% | 46% | 24% | 25% | 26% | 26% | |
| Net Profit + | 52 | 60 | 135 | 124 | 132 | 91 | 115 |
| EPS in Rs | 13.54 | 15.67 | 35.38 | 32.41 | 34.67 | 23.92 | 30.18 |
| Dividend Payout % | 0% | 0% | 6% | 8% | 7% | 10% |
Key Metrics
| TTM PE Ratio | PB Ratio | Dividend Yield | Sector PE | Sector PB | Sector Div Yld |
| 8.68 | 1.17 | 0.99% | 31.61 | 8.32 | 1.68% |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
| Uttam Sugar Mills Ltd | 10.94 | 1.17 | 0.99% |
| E I D-Parry (India) Ltd | 16.31 | 1.11 | — |
| Balrampur Chini Mills Ltd | 25.37 | 2.92 | 0.55% |
| Triveni Engineering and Industries Ltd | 34.94 | 2.69 | 0.64% |
Is Uttam Sugar Mills stock good to buy? (bull case & bear case)
Bull Case:
- The company has a market value of around ₹1,400+ crore to ₹1,700+ crore.
- In FY2025, the company earned revenue of around ₹1,800+ crore to ₹2,000+ crore.
- It earns money from sugar, ethanol, and green electricity, which makes its business stronger.
- The company can crush around 27,000+ tonnes of sugarcane per day.
- The company’s ethanol production capacity is around 300+ KLPD, which may support future growth.
- It produces more than 100+ MW of green electricity using bagasse, which is waste left after crushing sugarcane.
- Promoters own around 70%+ stake in the company, which shows confidence in the business.
- The company has grown strongly in the ethanol and green energy business in recent years.
Bear Case:
- The sugar business depends heavily on government rules and sugar prices.
- The company’s profits can increase or decrease because sugar and ethanol prices keep changing.
- Higher sugarcane prices can reduce the company’s profits.
- The business depends a lot on good sugarcane production and weather conditions.
- Government restrictions on sugar exports can affect company earnings.
Conclusion
It is one of the growing sugar and ethanol companies in India. The company works in sugar production, ethanol manufacturing, and green electricity generation. It has modern factories, strong sugarcane crushing capacity, and a growing ethanol business, which may help the company grow in the future. Its focus on sulphur-free sugar, clean energy, and environmentally friendly production also gives it a good position in the market. For long-term investors who believe in the future growth of ethanol and green energy in India, Uttam Sugar Mills may be a good stock to consider, but investors should always do proper research before investing.
