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Dwarikesh Sugar Industries

DWARKESH NSE
₹41.10 up 0.44 (1.08%)
Market Cap
₹762 Cr
P/E
52.69

Dwarikesh Sugar Industries (DWARKESH) share price was ₹40.66 at the 28 Oct 2026 close; market capitalisation ₹753 Cr; P/E (TTM) 52.13; sector Consumer Goods. The share price fell 8.7% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 11.7% year on year to ₹358.1 Cr and net profit was −₹26 Cr, against −₹9 Cr a year earlier (compared with Jun 2025). Promoters held 42.14% of Dwarikesh Sugar Industries in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 43/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹40.66 −5.35 −11.63% 1Y

Key Fundamentals

MicrocapConsumer GoodsFMCG
Market Cap
₹762 Cr
P/E (TTM)
52.69
EBITDA
₹94.00 Cr
Return on Equity
3.72%
Debt to Equity
0.41
Book Value
₹44.72
EPS (TTM)
₹0.78
52W High
₹59.90
52W Low
₹32.13

Price-based figures as of 29 Oct 2026, 10:47 IST · EPS basis: Standalone · TTM

Peer Comparison

Fast Moving Consumer Goods › Consumer Goods › Sugar

Balrampur Chini Mills
₹630.8534.5113,349 Cr2.910.55%9.15%11.80%6,444 Cr371 Cr
Triveni Engineering & Industries
₹227.5018.135,013 Cr1.501.21%8.04%11.91%6,275 Cr270 Cr
Bajaj Hindusthan Sugar
₹17.7998.834,253 Cr4.450.00%3.31%1.93%5,353 Cr116 Cr
Bannari Amman Sugars
₹3,143.5032.383,942 Cr2.060.40%7.73%8.78%1,716 Cr122 Cr
Shree Renuka Sugars
₹18.33—3,902 Cr—0.00%29.60%-16.88%9,409 Cr-780 Cr
Dalmia Bharat Sugar & Industries
₹409.0015.983,310 Cr1.021.46%7.28%9.59%3,636 Cr207 Cr
Avadh Sugar & Energy
₹834.1025.321,670 Cr1.481.23%5.10%10.35%2,764 Cr66 Cr
Dwarikesh Sugar Industries (this company)
₹41.1052.69762 Cr0.920.24%3.72%5.89%1,363 Cr13 Cr
Median 8 companies₹318.2532.383,922 Cr1.500.48%7.51%9.19%4,495 Cr119 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

43 Weak
Overall score

Data confidence 100/100

Category scores

Quality Good 65
Returns, margins, earnings quality 22% weight
Valuation Weak 44
Cheap vs sector & own history 24% weight
Growth Poor 19
Sales & profit trajectory 9% weight
Financial Health Weak 41
Solvency, leverage, coverage 9% weight
Momentum Poor 29
Trend strength, vol-adjusted 12% weight
Ownership Poor 34
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has reduced debt.
  • Stock is trading at 0.98 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

Technical Indicators

Oscillators

Bullish

Bearish
2
Neutral
4
Bullish
3

Overall

Bearish

Bearish
12
Neutral
4
Bullish
3

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
3.21% higher than 3Y

change over 1 year

Net Income Growth
32.19% higher than 3Y

change over 1 year

Cash Flow Change
113%

change over 1 year

EBITDA Margin Change
-24.03%

change over 1 year Operating margin -7% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 (₹)
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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015 18mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
-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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-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.

Shareholding Pattern

Govt.0.13%DIIs0.10%Public50.79%FIIs1.01%Others5.82%Promot.42.14%As ofSep 2026

Documents

1
Concall - Jul 2026 Jul 2026
2
Concall - May 2026 May 2026
3
Concall - Feb 2026 Feb 2026
4
Concall - Oct 2025 Oct 2025
5
Concall - Aug 2025 Aug 2025

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 ₹761.59 Cr as of 29 Oct 2026, 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 52.69 as of 29 Oct 2026, on earnings per share of ₹0.78, 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 as of 29 Oct 2026.
Does Dwarikesh Sugar Industries Ltd pay dividends?
Dwarikesh Sugar Industries Ltd has a dividend yield of 0.25%.
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
Shares Outstanding 18,53,01,470

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