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May 22, 2010

Uttam Sugar mills Ltd 532729

 

 

Name of Company

Uttam Sugar mills Ltd

BSE Code

532729

NSE Code

 

ICICI Code

Established

My Take

Dislike

Headquarters

Haridwar

Promoters

Story

Part of Uttam group of companies which has engineering companies which setup plants for sugar companies. Dec 2009 revenue has seen a sudden spurt and moved from loss to profit.

Sector

Sugar

Sub-sector

Sugar manufacturing

Website

http://www.uttamsugar.com/

Positives

78% promoter holding.

Negatives

Half of the promoter holding is pledged. Does this sound similar to the Satyam story. When the bank/NBFC where they have pledged these shares, sees the promoters defaulting, the pledged shares would be sold.

Peers

 

News

 

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