BSE: 539097
UR SUGAR INDUSTRIES LIMITED
Operates through three named segments — Sugar, Digital Marketing Services, and Trading of Securities — but none of these generated revenue in any quarterly period reported through FY26. The company's total income of Rs 94.66 lakh for FY26 came entirely from "other income," which filings indicate is essentially interest earned on parked cash and bank deposits. Cash and bank balances stood at roughly Rs 1,545 lakh as on 31 December 2025, against a debt-free balance sheet with no borrowings shown. Profit after tax of Rs 44.35 lakh in FY26 was driven by this interest income, while operating cash flow was negative at Rs (25.19) lakh for the year, indicating no operational business activity of scale. Total expenses for FY26 were modest, and the company, formerly known as HKG Limited, is registered in Belgaum, Karnataka. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Sugar, Digital Marketing Services, Trading of Securities, Unallocated other operating revenue. Dormant operational business; essentially a cash-holding entity earning interest.
Exhibit 1: Financial summary, FY23–FY23 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 |
|---|---|
| Revenue | 9 |
| EBITDA (ex other income) | (0) |
| margin % | (2.8) |
| Owners' profit | (0) |
| EPS, as reported (₹) | (0.04) |
| ROE % · ROCE % | (1.2) · (1.4) |
| Debt / equity (x) | 0.01 |
| Cash from operations | (9) |
| Capex | (0) |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 |
|---|---|---|---|---|
| Revenue | 6 | 3 | 0 | 0 |
| Profit before tax | 1 | (0) | (0) | (0) |
| Net profit | 0 | (0) | (0) | (0) |
| EPS (₹) | 0.09 | (0.07) | (0.03) | (0.04) |
Exhibit 3: Segment revenue, FY23
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Trading of Securities | 5 | 59.6 |
| Digital Marketing Services | 0 | 0.0 |
| Trading Of Securities | 3 | 30.3 |
| Digital marketing services | 1 | 10.1 |
| Total, before eliminations | 9 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.8 | 0.9 | 67 of 150 | 56% |
| ROCE | (1.5) | 2.1 | 144 of 177 | 19% |
| ROE | (1.3) | 2.3 | 127 of 158 | 20% |
| Debt / Equity | 0.0 | 0.1 | 56 of 154 | 64% |
| Market cap | 14 | 21 | 113 of 179 | 37% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Quarterly Demat Compliance Certificate Filed With BSE | compliance | minimal | — | — |
| 29 Sept 2026 · Trading Window Closed for Q2 FY2026-27 Results | compliance | minimal | — | — |
| 26 Sept 2026 · AGM 2026 voting results: both resolutions passed by shareholders | compliance | minimal | — | — |
| 25 Sept 2026 · UR Sugar Industries holds 16th AGM, all resolutions passed | board shareholder meetings | low | — | — |
| 3 Sept 2026 · UR Sugar Industries: 16th AGM scheduled for September 25, 2026 | compliance | minimal | — | — |
| 3 Sept 2026 · UR Sugar Industries Annual Report FY26, 16th AGM on 25 Sept 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · UR Sugar Industries files FY26 Annual Report, 16th AGM set for Sept 25 2026 | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · 16th AGM notice on 25 Sep 2026, FY25-26 annual report submitted | board shareholder meetings | low | — | — |
| 2 Sept 2026 · UR Sugar fixes 18 Sep 2026 as record date for 16th AGM | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board approves Annual Report FY26 and 16th AGM on Sept 25, 2026 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.