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Dwarikesh Sugar Industries Ltd

₹ 37.20.08%
07 Jan – close price
🔗dwarikesh.com•BSE: 532610•NSE: DWARKESH
Market Cap₹ 689 Cr.
Current Price₹ 37.2
High / Low₹ 55.5
Stock P/E45.8
Book Value₹ 40.7
Dividend Yield1.34 %
ROCE5.48 %
ROE2.86 %
Face Value₹ 1.00
Sales₹ 1,423 Cr.
OPM6.81 %
Mar Cap₹ 689 Cr.

ABOUT

Dwarikesh Sugar Industries Ltd is primarily engaged in manufacturing of sugar and allied products. It has strong presence in fields such as sugar manufacturing, power and ethanol/ industrial alcohol production.[1]It is also a bio-energy company with supportingbusinesses of sugar manufacture and power co-generation.

KEY POINTS

Business Segments

Also present in buckets:
Excellent ResultsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Balrampur Chini438.1521.848845.410.8053.89-19.781670.7628.7210.165908.8612.59405.0553.892.265.970.20
2.Triven.Engg.Ind.372.2531.198155.010.6721.38234.901706.1514.438.656201.988.14261.4325.902.644.220.25
3.Sh.Renuka Sugar25.97–5527.690.00-369.30-1552.912422.80-5.5910.649727.400.23-743.60-368.60–-3.08–
4.Bannari Amm.Sug.3603.6037.254541.650.3542.7024.60571.6520.678.681905.5711.86121.9242.702.484.490.01
5.M.V.K. Agro681.45341.093441.580.004.4420.3351.59-8.379.90145.0212.9810.094.4425.363.410.89
6.Bajaj Hindusthan18.36–2343.950.00-105.25-39.631157.19-0.211.155435.023.32-162.05-105.070.62-0.160.87
7.Dalmia Bharat290.057.112333.842.0723.32-56.29988.727.439.483788.7311.56328.4023.320.737.650.17
8.Dwarikesh Sugar37.2145.75688.951.34-32.62-35.92245.93-0.055.481422.976.8115.06-32.620.911.620.23
–Median: 31 Co.73.4311.83472.050.0-6.594.4245.932.697.671296.56.3915.06-6.590.732.120.41

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
384313313571341405533380459540446246246
Expenses
357287286494339402446307352512417269287
Operating Profit
262627772486731072829-23-41
Other Income
8640102202322
Profit before tax
15141659-15-137056881115-36-53
Tax %
30%31%32%31%-35%-28%33%59%47%30%31%-33%-38%
Net Profit
11101141-10-9472346810-24-33
EPS in Rs
0.560.520.582.16-0.53-0.512.481.222.500.420.54-1.30-1.76

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2013TTM
Sales
1,1287941,1901,4301,0841,3361,8391,9792,1031,7101,3599281,423
Expenses
1,0436869171,2879551,2001,6381,6881,8881,5051,2458691,326
Operating Profit
861082731421291362012912152051135997
Other Income
101318173657314126137
Interest
75525225213348322620197117
Depreciation
47313032333741445052493349
Profit before tax
-27392091021117212021915214452-3238
Net Profit
-17391561019573921551058423-1915
EPS in Rs
-1.032.398.295.395.053.904.868.245.564.441.26-1.190.81
Dividend Payout %
0%0%12%0%20%26%26%24%36%0%0%0%–

Compounded Profit Growth

10 Years:13%
5 Years:-21%
3 Years:-47%
TTM:1562%

Compounded Sales Growth

10 Years:2%
5 Years:0%
3 Years:-12%
TTM:11%

Return on Equity

10 Years:19%
5 Years:13%
3 Years:9%
Last Year:3%

Stock Price CAGR

10 Years:13%
5 Years:3%
3 Years:-28%
1 Year:-31%

Balance Sheet

Standalone figures in ₹ crores

Sep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
16161619191919191919191919
Reserves
735670267347445465560654721803788736
Borrowings
423655687533342656846609524375456507175
Other Liabilities
14827122920027624627925722216613714999
Total Liabilities
6609991,0011,0199841,3651,6091,4451,4201,2801,4151,4631,028
Fixed Assets
440399356331341319430410388582583547524
Gross Block
–696.39707.35711.56752.23761.12907.69927.29942.471,183.271,228.851,238.92–
Accumulated Depreciation
–297.82350.97380.96411.41441.71477.35517.35554.37600.97645.77691.95–
CWIP
0001016211420004
Investments
0000000000111
Other Assets
2206006446876421,0291,1771,035889697831915500
Total Assets
6609991,0011,0199841,3651,6091,4451,4201,2801,4151,4631,028

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Sep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
203-15137141298-250112963393141361
Cash from Investing Activity
-4-4-13-5-41-44-111-18-198-92-41-7
Cash from Financing Activity
-199154-20-140-256292101-280-141-2222727
Net Cash Flow
1-14-42-21-200-081

Ratios

Standalone Figures in ₹ Crores / Yearly

Sep 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
114301714202713612817
Inventory Days
89195333286172388330223191128222272
Days Payable
458089367086754924131312
Cash Conversion Cycle
44129273267116322281187173128216277
Working Capital Days
-69-40-11211071525653608793
ROCE %
7%8%11%32%17%14%9%13%21%15%14%5%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
42.09%42.09%42.09%42.09%42.09%42.09%42.09%42.10%42.10%42.10%42.10%42.10%
FIIs
5.66%4.37%4.53%5.31%3.97%4.36%3.85%2.31%1.64%2.00%1.90%1.74%
DIIs
3.27%3.27%3.25%0.06%0.07%0.00%0.00%0.00%0.00%0.03%0.00%0.00%
Public
48.84%50.14%50.00%52.40%53.75%53.42%53.92%55.45%56.13%55.73%55.85%56.03%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Dwarikesh Sugar Industries Opens Special Window for Physical Securities Dematerialisation

10th April 2026, 4:24 pm

Dwarikesh Sugar Industries Ltd forwards SEBI compliance certificate for March 2026 quarter

2nd April 2026, 8:45 pm

Dwarikesh Sugar Industries Notifies Status as Non-Large Corporate

2nd April 2026, 7:01 pm

Dwarikesh Sugar Launches 'Saksham Niveshak' Campaign to Reclaim Unclaimed Dividends

2nd April 2026, 5:18 pm

Gautam Morarka Acquires Stake in Dwarikesh Sugar Industries

23rd March 2026, 8:41 pm

Published by Other Websites

External media mentions & references

Sugar Stocks Surge as Crude Oil Fuels Ethanol Demand Hopes

30th March 2026, 1:46 pm

Sugar Stocks Soar 12% as Crude Rally Boosts Ethanol, Export Hopes

30th March 2026, 12:14 pm

Sugar Stocks Rally Amid Crude Oil Spike, Ethanol Demand Boost

9th March 2026, 3:28 pm

Indian Markets Plunge; Breakout Stocks Signal Trading Amidst Volatility

4th March 2026, 5:56 pm

Unlock Hidden Gains: Top 3 Stocks Surge on Massive Price-Volume Breakouts – Are You Watching?

10th December 2025, 5:56 pm

News Articles

Editorial & research coverage

Sugar Stocks Surge Alert! India Greenlights Exports & Slashes Molasses Duty - Is Your Portfolio Ready?
Sugar Stocks Surge Alert! India Greenlights Exports & Slashes Molasses Duty - Is Your Portfolio Ready?

10th November 2025, 9:04 am

Dwarikesh Sugar Q3 Profit Soars, But 9-Month Performance Dips Sharply
Dwarikesh Sugar Q3 Profit Soars, But 9-Month Performance Dips Sharply

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window
Announcement under Regulation 30 (LODR)-Newspaper Publication
Announcement under Regulation 30 (LODR)-Change in Management

13 Dec - Re-appointment of Rajan Krishnanath Medhekar and Gopal Bhimrao Hosur as independent directors Nov 2, 2025–Nov 1, 2030.

Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Annual Reports

Financial Year 2025

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Financial Year 2024

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Financial Year 2023

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Financial Year 2022

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Financial Year 2021

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Financial Year 2020

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Financial Year 2019

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Financial Year 2018

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Financial Year 2017

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Financial Year 2016

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Financial Year 2015

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Financial Year 2013

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Financial Year 2013

(from nse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

14 Aug 2025 from icra

Rating update

7 Nov 2024 from icra

Rating update

7 Feb 2023 from icra

Rating update

14 Jun 2022 from icra

Rating update

29 Dec 2021 from icra

Rating update

7 Apr 2021 from icra

Concalls

Oct 2025

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Stock Analysis

Description

  1. Dwarikesh Sugar Industries Ltd is primarily engaged in sugar manufacturing, power generation, and ethanol/industrial alcohol production, also operating as a bio-energy company.

Key Growth Triggers

  1. The distillery segment (ethanol) showed strong growth in Q1 FY26. The company is cautiously optimistic about improved crushing volumes for the upcoming season.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Deteriorating profitability in Q2 FY26 with increased net loss and stagnant revenues.
  2. Operational disruptions impacting sugar segment performance.
  3. ICRA has assigned a 'Negative' outlook to the company's long-term credit rating.

Key Dates To Watch

  1. The trading window was closed from October 1, 2025, and was set to reopen 48 hours after the Q2 FY26 results announcement. A subsequent closure was scheduled from January 1, 2026, for Q3 FY26 results.

Corporate Announcements

10th Apr 26
Impact Rating: -
No description available.
2nd Apr 26
Impact Rating: 2
Dwarikesh Sugar Industries has submitted a SEBI compliance certificate for the quarter ended March 31, 2026, confirming dematerialisation processing with its registrar MUFG Intime India Private Limited.
2nd Apr 26
Impact Rating: 6
Dwarikesh Sugar Industries Limited has confirmed it is not a Large Corporate as defined by SEBI, based on applicability criteria from recent circulars. The company reported outstanding borrowings of ₹92.80 cr as of March 31, 2026.
2nd Apr 26
Impact Rating: -
No description available.
23rd Mar 26
Impact Rating: 8
Gautam Radheshyam Morarka has acquired 12,500 shares of Dwarikesh Sugar Industries, equivalent to 0.01% of total voting capital, through market purchase on March 20, 2026.