Dwarikesh Sugar Industries
DWARKESH NSE
Dwarikesh Sugar Industries
Consumer GoodsNSE: DWARKESH BSE: 532610 Sugar
Key Fundamentals
MicrocapSugarConsumer GoodsMarket Cap
₹836 Cr
Volatility
Moderate
P/E Ratio
57.36
EBITDA
₹94.00 Cr
Return on Equity
3.72%
Debt to Equity
0.41
Book Value
₹44.72
EPS
₹1.79
52W High
₹59.9
52W Low
₹32.13
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has reduced debt.
- Stock is trading at 1.00 times its book value
Weaknesses
3- The company has delivered a poor sales growth of -5.28% over past five years.
- Company has a low return on equity of 5.70% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
3.21% higher than
3Y
Net Income Growth
32.19% higher than
3Y
Cash Flow Change
113% lower than
3Y
ROE
28.72% higher than
3Y
ROCE
-18.19% higher than
3Y
EBITDA Margin (Avg.)
-24.03% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | 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 | 571 | 446 | 313 | 380 | 341 | 246 | 313 | 459 | 405 | 246 | 325 | 425 | 358 |
| Expenses | 494 | 417 | 287 | 307 | 339 | 269 | 286 | 352 | 402 | 287 | 287 | 339 | 384 |
| Operating Profit | 77 | 29 | 26 | 73 | 2 | -23 | 27 | 107 | 4 | -41 | 38 | 87 | -26 |
| OPM % | 13% | 6% | 8% | 19% | 0.7% | -9% | 9% | 23% | 1% | -17% | 12% | 20% | -7% |
| Other Income | 0 | 3 | 6 | 2 | 1 | 2 | 4 | 0 | 0 | 2 | 3 | 1 | 2 |
| Interest | 6 | 4 | 4 | 7 | 6 | 3 | 3 | 8 | 5 | 2 | 1 | 6 | 3 |
| Depreciation | 13 | 13 | 14 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 0 | 8 |
| PBT | 59 | 15 | 14 | 56 | -15 | -36 | 16 | 88 | -13 | -53 | 27 | 82 | -34 |
| Tax % | 31% | 31% | 31% | 59% | -35% | -33% | 32% | 47% | -28% | -38% | 42% | 30% | -25% |
| Net Profit | 41 | 10 | 10 | 23 | -10 | -24 | 11 | 46 | -9 | -33 | 15 | 57 | -26 |
| EPS in Rs | 2.16 | 0.54 | 0.52 | 1.22 | -0.53 | -1.3 | 0.58 | 2.5 | -0.51 | -1.76 | 0.83 | 3.1 | -1.39 |
Profit & Loss
| Particulars | Mar 2015 18m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,128 | 794 | 1,190 | 1,430 | 1,084 | 1,336 | 1,839 | 1,979 | 2,103 | 1,710 | 1,359 | 1,402 | 1,355 |
| Expenses | 1,043 | 686 | 917 | 1,287 | 955 | 1,200 | 1,638 | 1,688 | 1,888 | 1,505 | 1,245 | 1,315 | 1,297 |
| Operating Profit | 86 | 108 | 273 | 142 | 129 | 136 | 201 | 291 | 215 | 205 | 113 | 87 | 57 |
| OPM % | 8% | 14% | 23% | 10% | 12% | 10% | 11% | 15% | 10% | 12% | 8% | 6% | 4.2% |
| Other Income | 10 | 13 | 18 | 17 | 36 | 5 | 7 | 3 | 14 | 12 | 6 | 7 | 9 |
| Interest | 75 | 52 | 52 | 25 | 21 | 33 | 48 | 32 | 26 | 20 | 19 | 15 | 12 |
| Depreciation | 47 | 31 | 30 | 32 | 33 | 37 | 41 | 44 | 50 | 52 | 49 | 37 | 32 |
| PBT | -27 | 39 | 209 | 102 | 111 | 72 | 120 | 219 | 152 | 144 | 52 | 43 | 21 |
| Tax % | -37% | 1% | 25% | 1% | 14% | -3% | 24% | 29% | 31% | 42% | 56% | 27% | — |
| Net Profit | -17 | 39 | 156 | 101 | 95 | 73 | 92 | 155 | 105 | 84 | 23 | 31 | 14 |
| EPS in Rs | -1.03 | 2.39 | 8.29 | 5.39 | 5.05 | 3.9 | 4.86 | 8.24 | 5.56 | 4.44 | 1.26 | 1.66 | 0.78 |
| Div. Payout % | 0% | 0% | 12% | 0% | 20% | 26% | 26% | 24% | 36% | 0% | 40% | 6% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 56 | 70 | 267 | 347 | 445 | 465 | 560 | 654 | 721 | 803 | 788 | 810 |
| Borrowings | 655 | 687 | 533 | 342 | 656 | 846 | 609 | 524 | 375 | 456 | 507 | 336 |
| Other Liabilities | 271 | 229 | 200 | 276 | 246 | 279 | 257 | 222 | 166 | 137 | 149 | 133 |
| Total Liabilities | 999 | 1,001 | 1,019 | 984 | 1,365 | 1,609 | 1,445 | 1,420 | 1,280 | 1,415 | 1,463 | 1,298 |
| Fixed Assets | 399 | 356 | 331 | 341 | 319 | 430 | 410 | 388 | 582 | 583 | 547 | 528 |
| CWIP | 0 | 0 | 1 | 0 | 16 | 2 | 1 | 142 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Other Assets | 600 | 644 | 687 | 642 | 1,029 | 1,177 | 1,035 | 889 | 697 | 831 | 915 | 769 |
| Total Assets | 999 | 1,001 | 1,019 | 984 | 1,365 | 1,609 | 1,445 | 1,420 | 1,280 | 1,415 | 1,463 | 1,298 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -151 | 37 | 141 | 298 | -250 | 11 | 296 | 339 | 314 | 13 | 61 | 129 |
| Investing | -4 | -13 | -5 | -41 | -44 | -111 | -18 | -198 | -92 | -41 | -7 | -4 |
| Financing | 154 | -20 | -140 | -256 | 292 | 101 | -280 | -141 | -222 | 27 | 27 | -194 |
| Net Cash Flow | -1 | 4 | -4 | 2 | -2 | 1 | -2 | 0 | 0 | 0 | 81 | -69 |
| Free Cash Flow | -155 | 24 | 136 | 257 | -298 | -100 | 276 | 178 | 216 | -37 | 48 | 122 |
| CFO/OP | -176 | 34 | 66 | 240 | -178 | 19 | 147 | 129 | 160 | 19 | 64 | 159 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 14 | 30 | 17 | 14 | 20 | 27 | 13 | 6 | 12 | 8 | 16 | 13 |
| Inventory Days | 195 | 333 | 286 | 172 | 388 | 330 | 223 | 191 | 128 | 222 | 272 | 231 |
| Days Payable | 80 | 89 | 36 | 70 | 86 | 75 | 49 | 24 | 13 | 13 | 12 | 4 |
| Cash Conversion Cycle | 129 | 273 | 267 | 116 | 322 | 281 | 187 | 173 | 128 | 216 | 276 | 240 |
| Working Capital Days | -40 | -11 | 21 | 10 | 71 | 52 | 56 | 53 | 60 | 87 | 93 | 109 |
| ROCE % | 8% | 11% | 32% | 17% | 14% | 9% | 13% | 21% | 15% | 14% | 5% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Dwarikesh Sugar Industries insights
62 extracted metrics + investor summaries across FY11–FY27.
Documents
1
Clarification sought from Dwarikesh Sugar Industries Ltd
21 Aug - Exchange has sought clarification from Dwarikesh Sugar Industries Ltd on August 21, 2026 with reference to significant movement in price, in order to ensure that … 21 Aug - Exchange has sought clarification from Dwarikesh Sugar Industries Ltd on August 21, 2026 with reference to significant movement in price, in order to ensure that …
2
Board Meeting Intimation for Intimation Of Meeting Of Board Of The Company.
7 May - Board meets May 14, 2026 to approve FY26 audited results, consider dividend, and fix AGM dates. 7 May - Board meets May 14, 2026 to approve FY26 audited results, consider dividend, and fix AGM dates.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
2 Apr - Company filed initial large-corporate disclosure; outstanding borrowings were 92.80 crore and it is not a large corporate. 2 Apr - Company filed initial large-corporate disclosure; outstanding borrowings were 92.80 crore and it is not a large corporate.
Frequently Asked Questions about Dwarikesh Sugar Industries
What does Dwarikesh Sugar Industries Ltd do?
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 supporting
businesses of sugar manufacture and...
Where is Dwarikesh Sugar Industries Ltd (DWARKESH) listed?
Dwarikesh Sugar Industries Ltd trades as DWARKESH on the NSE and under code 532610 on the BSE.
Which sector does Dwarikesh Sugar Industries Ltd belong to?
Dwarikesh Sugar Industries Ltd is classified under the Consumer Goods sector, in the Sugar industry.
What is the market capitalisation of Dwarikesh Sugar Industries Ltd?
Dwarikesh Sugar Industries Ltd has a market capitalisation of ₹835.71 Cr, which places it in the Small Cap band.
What is the PE ratio of Dwarikesh Sugar Industries Ltd?
Dwarikesh Sugar Industries Ltd trades at a PE ratio of 57.36, on earnings per share of ₹1.79, against a book value of ₹44.72 per share.
What is the 52-week high and low of Dwarikesh Sugar Industries Ltd?
Over the last 52 weeks Dwarikesh Sugar Industries Ltd has traded between ₹32.13 and ₹59.9.
Does Dwarikesh Sugar Industries Ltd pay dividends?
Dwarikesh Sugar Industries Ltd has a dividend yield of 0.22%.
What is the Return on Equity (ROE) of Dwarikesh Sugar Industries Ltd?
Dwarikesh Sugar Industries Ltd reported a return on equity of 3.72%. Its debt-to-equity ratio is 0.41.
Company Information
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 supporting businesses of sugar manufacture and power co-generation.
Website dwarikesh.com
CEO Mr. Gautam Radheshyam Morarka
Employees 1,473
Listed 2004-12-31
Face Value ₹ 1
Issued Size 18,53,01,470
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