---
title: "Dharani Sugars & Chemicals Ltd (DHARSUGAR) — Share Price, Financials & Analysis"
symbol: "DHARSUGAR"
company: "Dharani Sugars & Chemicals Ltd"
canonical: "https://tapetide.com/stocks/DHARSUGAR"
isin: "INE988C01014"
nse_symbol: "DHARSUGAR"
bse_code: "507442"
sector: "Fast Moving Consumer Goods"
industry: "Agricultural Food & other Products"
generated_at: "2026-09-13T19:25:08.657Z"
---

# Dharani Sugars & Chemicals Ltd (DHARSUGAR)

Canonical page: https://tapetide.com/stocks/DHARSUGAR

## Company

- **NSE Symbol:** DHARSUGAR
- **BSE Code:** 507442
- **ISIN:** INE988C01014
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Agricultural Food & other Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 1996-05-22
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** dharanisugars.in

## About

Incorporated in 1987, Dharani Sugars and Chemicals Ltd deals in manufacturing Sugar, 
Co-generation of Power and Alcohol including Ethanol[1]

## Latest Price

- **Price:** ₹8.55
- **Change:** 0 (0%)
- **Open:** ₹8.7
- **Day High:** ₹8.7
- **Day Low:** ₹8.35
- **Previous Close:** ₹8.55
- **Volume:** 0
- **As Of:** 2023-06-30T04:40:18+00:00

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Contingent liabilities of Rs.347 Cr.
- Promoters have pledged 54.0% of their holding.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 10% |
| revenue growth | 198% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Expenses | 1 | 1 | 2 | 3 | 6 | 5 | 8 | 6 | 6 | 5 | 7 | 5 |
| Operating Profit | -1 | -1 | -2 | -3 | -5 | -5 | -8 | -5 | -4 | -5 | -7 | -4 |
| OPM % | — | — | -4975 | -7575 | -1904 | -2223 | -4500 | -2387 | -243 | -3082 | -2668 | -806 |
| Other Income | 0 | 120 | 36 | 1 | -8 | 0 | -1 | 0 | 0 | 0 | -22 | 0 |
| Interest | 0 | 0 | 6 | 6 | 7 | 8 | 20 | 10 | 10 | 10 | 10 | 11 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5 |
| Profit before tax | -7 | 113 | 23 | -13 | -26 | -19 | -35 | -21 | -20 | -20 | -44 | -20 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -7 | 113 | 23 | -13 | -26 | -19 | -35 | -21 | -20 | -20 | -44 | -20 |
| EPS in Rs | -2.06 | 33.97 | 6.87 | -4.05 | -7.82 | -5.67 | -10.48 | -6.2 | -5.95 | -6.11 | -13.28 | -6.02 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 482 | 316 | 110 | 31 | 40 | 1 | 0 | 0 | 0 | 3 |
| Expenses | 482 | 353 | 154 | 49 | 57 | 10 | 7 | 22 | 24 | 23 |
| Operating Profit | 0 | -37 | -44 | -18 | -18 | -9 | -7 | -22 | -24 | -20 |
| OPM % | 0 | -12 | -40 | -59 | -45 | -1127 | -3561 | -2903 | -900 | -754 |
| Other Income | 17 | 4 | 35 | 6 | 1 | 0 | 156 | -7 | -20 | -22 |
| Interest | 79 | 75 | 2 | 2 | 0 | 0 | 6 | 42 | 39 | 40 |
| Depreciation | 23 | 23 | 22 | 23 | 23 | 22 | 22 | 22 | 22 | 22 |
| Profit before tax | -85 | -131 | -33 | -38 | -40 | -31 | 121 | -93 | -105 | -104 |
| Tax % | 1 | 14 | -10 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -85 | -149 | -30 | -38 | -40 | -31 | 121 | -93 | -105 | -104 |
| EPS in Rs | -25.72 | -44.98 | -9 | -11.46 | -12.11 | -9.45 | 36.54 | -28.01 | -31.54 | -31.36 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 42 | 42 |
| Reserves | 141 | 57 | -92 | -122 | -160 | -200 | -230 | -109 | -205 | -304 |
| Borrowings | 620 | 559 | 518 | 512 | 536 | 533 | 539 | 419 | 489 | 539 |
| Other Liabilities | 165 | 208 | 236 | 180 | 158 | 169 | 176 | 150 | 146 | 173 |
| Total Liabilities | 959 | 857 | 694 | 603 | 568 | 536 | 518 | 493 | 471 | 449 |
| Fixed Assets | 610 | 604 | 583 | 558 | 538 | 514 | 492 | 470 | 448 | 425 |
| CWIP | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 26 | 29 | 17 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Other Assets | 305 | 224 | 95 | 30 | 15 | 7 | 11 | 8 | 9 | 9 |
| Total Assets | 959 | 857 | 694 | 603 | 568 | 536 | 518 | 493 | 471 | 449 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 113 | 145 | 89 | 7 | -14 | -3 | -5 | 126 | 6 | 81 |
| Cash from Investing Activity | -5 | -8 | 14 | 0 | 1 | 0 | 0 | 0 | 0 | 2 |
| Cash from Financing Activity | -108 | -138 | -104 | -9 | 18 | -3 | 6 | -127 | -6 | -83 |
| Net Cash Flow | 1 | -1 | -1 | -2 | 5 | -6 | 1 | 0 | 0 | 0 |
| Free Cash Flow | 108 | 146 | 91 | 7 | -13 | -3 | -5 | 126 | 6 | 83 |
| CFO/OP | 152 | -72590 | -241 | -16 | 74 | 16 | 59 | -1916 | -28 | -335 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 40 | 35 | 49 | 57 | 60 | 42 | 2008 | — | — | — |
| Inventory Days | 226 | 133 | 32 | 25 | 28 | 7 | — | — | — | — |
| Days Payable | 77 | 114 | 140 | 400 | 1263 | 954 | — | — | — | — |
| Cash Conversion Cycle | 190 | 53 | -59 | -318 | -1175 | -906 | 2008 | — | — | — |
| Working Capital Days | -132 | -245 | -565 | -2142 | -7763 | -6175 | -302768 | — | — | — |
| ROCE % | 7 | -1 | -11 | -15 | -9 | -10 | -9 | -8 | -13 | -15 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% |
| DIIs | 0.05% | 0.06% | 0.06% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 38.39% | 38.38% | 38.39% | 38.43% | 38.44% | 38.44% | 38.44% | 38.43% | 38.43% | 38.43% | 38.43% |
| No. of Shareholders | 16092 | 16514 | 16037 | 12951 | 12457 | 18744 | 19674 | 19450 | 19408 | 19388 | 19383 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% | 61.55% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 38.43% | 38.43% | 38.43% | 38.43% | 38.43% | 38.43% | 38.43% | 38.43% | 38.43% | 38.42% | 38.43% | 38.43% |
| No. of Shareholders | 19459 | 19457 | 19450 | 19449 | 19443 | 19433 | 19408 | 19407 | 19399 | 19392 | 19388 | 19383 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3.09 | Sell |
| EMA (10) | 3.05 | Sell |
| SMA (20) | 3.19 | Sell |
| EMA (20) | 3.11 | Sell |
| SMA (50) | 3.23 | Sell |
| EMA (50) | 3.27 | Sell |
| SMA (100) | 3.58 | Sell |
| EMA (100) | 3.66 | Sell |
| SMA (200) | 4.6 | Sell |
| EMA (200) | 4.4 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.24 | Neutral |
| MACD (12,26,9) | -0.07 | Sell |
| Stochastic (14,3,3) | 29.15 | Neutral |
| ADX (14) | 19.87 | Neutral |
| Williams %R (14) | -83.05 | Buy |
| ATR (14) | 0.25 | High Volatility |
| ROC (12) | -7.4 | Sell |
| Stoch RSI (14) | 4.83 | Buy |
| UO (7,14,28) | 42.15 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cb4e685e-5132-4149-9f6f-52d8f1731573.pdf) |
| 2026-09-01 | [39Th AGM To Be Held On 25Th Sep 2026 At 11.00 A.M. Through Video Conferencing](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c76e3e3c-9934-4fc0-9541-127cd2a26d06.pdf) |
| 2026-09-01 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c14eb528-5e5d-4f5b-ae74-cea36634a801.pdf) |
| 2026-09-01 | [Disclosure under Regulation 30A of LODR](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d44b08f0-e42d-47e3-888e-0227aa51fc21.pdf) |
| 2026-08-31 | [39Th AGM To Be Held On 25.09.2026 - Book Closure - 19.09.2026 - 25.09.2026 (Both Days) And Evoting Cutoff Date.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=643bc201-034e-465b-9ded-07f9bce9aeeb.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91ff1314-b4cc-44c3-8b03-52ed3c700427.pdf) |
| 2026-08-10 | [Board Meeting Outcome for Unaudited Financial Results For The Q/E 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7764e6d6-fcd0-4558-aa31-e7b6ddb99bcf.pdf) |
| 2026-08-10 | [Unaudited Financial Results For The Q/E 30Th June 2026 - Board Meeting Held On 10.08.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1dd16582-65ee-4f5c-a791-a9722bf47acc.pdf) |
| 2026-08-01 | [Board Meeting Intimation for Unaudited Financial Results For The Q/E 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49ef5bfc-94fa-41f7-b7d1-6d30f23c6469.pdf) |
| 2026-07-30 | [Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75342e13-fa22-488f-90df-87b0e50d069f.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - Under Reg 74(5) of SEBI (DP) Regulation 2018, we are enclosing a confirmation certificate dated 6th April 2026 issued by RTA Viz., Cameo Corporate Services … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Under Reg 74(5) of SEBI (DP) Regulation 2018, we are enclosing a confirmation certificate dated 6th April 2026 issued by RTA Viz., Cameo Corporate Services …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4bf65a8a-229a-4b79-a858-132b5a600e9a.pdf) |
| 8 Apr - Status report on relodged physical share transfers for January-March 2026 shows zero requests. | [Intimation Report On Transfer Of Physcial Shares Re-Lodged Under The Special Window Period Jan-March 2026 8 Apr - Status report on relodged physical share transfers for January-March 2026 shows zero requests.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec428b54-cc46-4de5-9719-0fab463dc805.pdf) |
| 8 Apr - Purusuant to Rg.30 and 47 of the Listing Regulations, Enclosed News Paper publication dated 07.04.2026 reiterating that a special window has been opened for the … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Apr - Purusuant to Rg.30 and 47 of the Listing Regulations, Enclosed News Paper publication dated 07.04.2026 reiterating that a special window has been opened for the …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/178b25af-270d-4df5-8994-700a33c5cb88.pdf) |
| 7h - SEBI rejected settlement application on Apr 20, 2026; company seeks reconsideration and extension for revised terms. | [Regulation 30 Of SEBI LODR Reg 2015 - Rejection Of Settlement Appliction Letter Received From SEBI. 7h - SEBI rejected settlement application on Apr 20, 2026; company seeks reconsideration and extension for revised terms.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9077df3c-0917-4a6b-a836-97e3bd20a569.pdf) |
| 7 May - Board meeting on 15 May 2025 to consider audited financial results for quarter and year ended 31 March 2026. | [Board Meeting Intimation for Audited Financial Results For The Quarter And Year Ended 31St March 2026. 7 May - Board meeting on 15 May 2025 to consider audited financial results for quarter and year ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/73584a47-95b4-4c4e-91d0-3ea7844f0730.pdf) |
| 5 May - Disclosed default on loan payments dated 06 Apr 2026; principal Rs57.46 Cr and interest Rs3.65 Cr. | [Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions 5 May - Disclosed default on loan payments dated 06 Apr 2026; principal Rs57.46 Cr and interest Rs3.65 Cr.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/994878e1-1b98-4bb7-8658-cfc6cd43499f.pdf) |
| 3 Apr - Disclosed ₹10.48 crore loan repayment default as of 31 March 2026; total debt ₹335.37 crore. | [Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions 3 Apr - Disclosed ₹10.48 crore loan repayment default as of 31 March 2026; total debt ₹335.37 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d2cda6ea-2637-4351-aeab-add6588e84ed.pdf) |
| 29 Apr - Disclosed loan default of ₹15.36 crore to NARCL on 31 March 2026. | [Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions 29 Apr - Disclosed loan default of ₹15.36 crore to NARCL on 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e5e2093-7771-4f41-818f-b49cbe2dca11.pdf) |
| 29 Apr - Disclosed loan default of ₹15.36 crore to NARCL on 31 March 2026. | [Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions 29 Apr - Disclosed loan default of ₹15.36 crore to NARCL on 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2e5e2093-7771-4f41-818f-b49cbe2dca11.pdf) |
| 27 Apr - SEBI rejected settlement application on Apr 20, 2026; company seeks reconsideration and extension for revised terms. | [Regulation 30 Of SEBI LODR Reg 2015 - Rejection Of Settlement Appliction Letter Received From SEBI. 27 Apr - SEBI rejected settlement application on Apr 20, 2026; company seeks reconsideration and extension for revised terms.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9077df3c-0917-4a6b-a836-97e3bd20a569.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1231_DHARSUGAR_2012_2013_29082013120915.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_DHARSUGAR_2010_2011_08092011115151.zip) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20283096-de7c-4acd-83cd-08f0c3287ae6.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/507442/71101507442.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/507442/66119507442.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/507442/5074420319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/507442/5074420318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/507442/5074420317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/507442/5074420316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/507442/5074420315.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:25:08.657Z.