The Ugar Sugar Works Limited

NSEI:UGARSUGAR Stock Report

Market Cap: ₹9.1b

Ugar Sugar Works Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Niraj Shirgaokar

Chief executive officer

₹39.2m

Total compensation

CEO salary percentage19.1%
CEO tenure13yrs
CEO ownership0.2%
Management average tenure3.2yrs
Board average tenure13yrs

Recent management updates

Recent updates

The Trend Of High Returns At Ugar Sugar Works (NSE:UGARSUGAR) Has Us Very Interested

Mar 14
The Trend Of High Returns At Ugar Sugar Works (NSE:UGARSUGAR) Has Us Very Interested

Here's Why We Think Ugar Sugar Works (NSE:UGARSUGAR) Is Well Worth Watching

Feb 08
Here's Why We Think Ugar Sugar Works (NSE:UGARSUGAR) Is Well Worth Watching

We Think Ugar Sugar Works (NSE:UGARSUGAR) Can Stay On Top Of Its Debt

Dec 09
We Think Ugar Sugar Works (NSE:UGARSUGAR) Can Stay On Top Of Its Debt

Shareholders Would Enjoy A Repeat Of Ugar Sugar Works' (NSE:UGARSUGAR) Recent Growth In Returns

Oct 24
Shareholders Would Enjoy A Repeat Of Ugar Sugar Works' (NSE:UGARSUGAR) Recent Growth In Returns

Ugar Sugar Works (NSE:UGARSUGAR) Could Become A Multi-Bagger

Dec 17
Ugar Sugar Works (NSE:UGARSUGAR) Could Become A Multi-Bagger

Is Now The Time To Put Ugar Sugar Works (NSE:UGARSUGAR) On Your Watchlist?

Oct 11
Is Now The Time To Put Ugar Sugar Works (NSE:UGARSUGAR) On Your Watchlist?

Does Ugar Sugar Works (NSE:UGARSUGAR) Have A Healthy Balance Sheet?

Sep 07
Does Ugar Sugar Works (NSE:UGARSUGAR) Have A Healthy Balance Sheet?

Ugar Sugar Works (NSE:UGARSUGAR) Will Pay A Larger Dividend Than Last Year At ₹0.25

Aug 22
Ugar Sugar Works (NSE:UGARSUGAR) Will Pay A Larger Dividend Than Last Year At ₹0.25

Is Ugar Sugar Works (NSE:UGARSUGAR) Using Too Much Debt?

May 26
Is Ugar Sugar Works (NSE:UGARSUGAR) Using Too Much Debt?

The Returns At Ugar Sugar Works (NSE:UGARSUGAR) Aren't Growing

Mar 24
The Returns At Ugar Sugar Works (NSE:UGARSUGAR) Aren't Growing

Ugar Sugar Works' (NSE:UGARSUGAR) Upcoming Dividend Will Be Larger Than Last Year's

Sep 01
Ugar Sugar Works' (NSE:UGARSUGAR) Upcoming Dividend Will Be Larger Than Last Year's

Ugar Sugar Works (NSE:UGARSUGAR) Will Pay A Larger Dividend Than Last Year At ₹0.20

Aug 14
Ugar Sugar Works (NSE:UGARSUGAR) Will Pay A Larger Dividend Than Last Year At ₹0.20

Ugar Sugar Works (NSE:UGARSUGAR) Has No Shortage Of Debt

Aug 05
Ugar Sugar Works (NSE:UGARSUGAR) Has No Shortage Of Debt

The Ugar Sugar Works Limited's (NSE:UGARSUGAR) Price Is Right But Growth Is Lacking After Shares Rocket 27%

Mar 04
The Ugar Sugar Works Limited's (NSE:UGARSUGAR) Price Is Right But Growth Is Lacking After Shares Rocket 27%

Should You Buy The Ugar Sugar Works Limited (NSE:UGARSUGAR) For Its Dividend?

Feb 09
Should You Buy The Ugar Sugar Works Limited (NSE:UGARSUGAR) For Its Dividend?

Should You Use Ugar Sugar Works's (NSE:UGARSUGAR) Statutory Earnings To Analyse It?

Jan 11
Should You Use Ugar Sugar Works's (NSE:UGARSUGAR) Statutory Earnings To Analyse It?

Is Ugar Sugar Works (NSE:UGARSUGAR) Using Too Much Debt?

Dec 14
Is Ugar Sugar Works (NSE:UGARSUGAR) Using Too Much Debt?

How Much is Ugar Sugar Works' (NSE:UGARSUGAR) CEO Getting Paid?

Nov 16
How Much is Ugar Sugar Works' (NSE:UGARSUGAR) CEO Getting Paid?

Boasting A 58% Return On Equity, Is The Ugar Sugar Works Limited (NSE:UGARSUGAR) A Top Quality Stock?

Oct 13
Boasting A 58% Return On Equity, Is The Ugar Sugar Works Limited (NSE:UGARSUGAR) A Top Quality Stock?

Read This Before Considering The Ugar Sugar Works Limited (NSE:UGARSUGAR) For Its Upcoming ₹0.10 Dividend

Sep 05
Read This Before Considering The Ugar Sugar Works Limited (NSE:UGARSUGAR) For Its Upcoming ₹0.10 Dividend

Ugar Sugar Works (NSE:UGARSUGAR) Takes On Some Risk With Its Use Of Debt

Aug 21
Ugar Sugar Works (NSE:UGARSUGAR) Takes On Some Risk With Its Use Of Debt

The Ugar Sugar Works Limited (NSE:UGARSUGAR) Delivered A Better ROE Than Its Industry

Jul 14
The Ugar Sugar Works Limited (NSE:UGARSUGAR) Delivered A Better ROE Than Its Industry

CEO Compensation Analysis

How has Niraj Shirgaokar's remuneration changed compared to Ugar Sugar Works's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

₹690m

Sep 30 2023n/an/a

₹685m

Jun 30 2023n/an/a

₹882m

Mar 31 2023₹39m₹7m

₹1b

Dec 31 2022n/an/a

₹526m

Sep 30 2022n/an/a

₹583m

Jun 30 2022n/an/a

₹659m

Mar 31 2022₹23m₹7m

₹433m

Dec 31 2021n/an/a

₹501m

Sep 30 2021n/an/a

₹205m

Jun 30 2021n/an/a

₹125m

Mar 31 2021₹20m₹7m

₹171m

Dec 31 2020n/an/a

₹353m

Sep 30 2020n/an/a

₹392m

Jun 30 2020n/an/a

₹378m

Mar 31 2020₹14m₹7m

₹138m

Dec 31 2019n/an/a

₹167m

Sep 30 2019n/an/a

₹7m

Jun 30 2019n/an/a

-₹131m

Mar 31 2019₹11m₹8m

₹43m

Dec 31 2018n/an/a

-₹403m

Sep 30 2018n/an/a

-₹471m

Jun 30 2018n/an/a

-₹629m

Mar 31 2018₹9m₹6m

-₹682m

Compensation vs Market: Niraj's total compensation ($USD469.42K) is above average for companies of similar size in the Indian market ($USD39.23K).

Compensation vs Earnings: Niraj's compensation has increased by more than 20% in the past year.

CEO

Niraj Shirgaokar (51 yo)

13yrs

Tenure

₹39,180,000

Compensation

Mr. Niraj Shishir Shirgaokar, B.E. (Com. Engg.), has been Managing Director of Ugar Sugar Works Ltd. since April 1, 2011 and served as its Vice President and is responsible for overseeing the operation & a...

Leadership Team

NamePositionTenureCompensationOwnership
Niraj Shirgaokar
MD & Director13yrs₹39.18m0.20%
₹ 18.1m
Chandan Shirgaokar
MD & Director13yrs₹64.71m0.77%
₹ 70.3m
Shrikanta Bhat
CFO & Manager of Finance3.2yrs₹1.44m0.0012%
₹ 110.5k
Balkrishna Kulkarni
Compliance Officerno data₹2.87mno data
Tushar Deshpande
Company Secretary3.2yrs₹452.00kno data

3.2yrs

Average Tenure

51yo

Average Age

Experienced Management: UGARSUGAR's management team is considered experienced (3.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Niraj Shirgaokar
MD & Director13yrs₹39.18m0.20%
₹ 18.1m
Chandan Shirgaokar
MD & Director13yrs₹64.71m0.77%
₹ 70.3m
Rakesh Kapoor
Non Executive Independent Director10.3yrs₹585.00k0.0044%
₹ 405.6k
Rajendra Shirgaokar
Chairman Emeritusno data₹100.00k1.39%
₹ 127.1m
Prafulla Shirgaokar
Non-Executive Director29.7yrs₹510.00k0.73%
₹ 66.9m
Deepchand Shah
Non Executive Independent Director19.1yrs₹555.00k0.027%
₹ 2.4m
Shishir Shirgaokar
Chairman of the Board29.7yrs₹510.00k0.35%
₹ 32.0m
Mallappa Desai
Non Executive Independent Director23.8yrs₹630.00k0.062%
₹ 5.7m
Venkatachalam Balasubramanian
Non Executive Independent Director26.6yrs₹600.00k0.010%
₹ 909.8k
Shilpa Kumar
Non Executive Woman Director9.1yrs₹510.00k0.14%
₹ 12.4m
Sohan Shirgaokar
Non Executive Director10.3yrs₹630.00k0.23%
₹ 21.1m
Sachin Shirgaokar
Non Executive Director10.3yrs₹600.00k1.34%
₹ 122.0m

13.0yrs

Average Tenure

72.5yo

Average Age

Experienced Board: UGARSUGAR's board of directors are seasoned and experienced ( 13 years average tenure).

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