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Dwarikesh Sugar Industries Ltd.

Dwarikesh Sugar Industries Ltd.

42.40
INR
-2.52
(-5.61%)
0.78EPS
55.32P/E
8.01BMarket Cap
Oct 29Next Earn
Dwarikesh Sugar Industries Ltd.
BSE:DWARKESH
(Bombay Stock Exchange)

Recent

price

42.40

P/E

ratio

55.32

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
28.31
34.02
36.36
42.82
56.86
48.69
67.62
77.9
57.53
67.61
90.63
105
111.07
90.77
72.97
74.92
73.06
Revenue per Share
1.44
-0.65
-0.9
-0.79
-1.19
2.2
8.87
5.39
5.05
3.9
4.86
8.24
5.56
4.44
1.26
1.66
0.78
Basic EPS, GAAP
12.88
2.28
2.61
0.31
12.23
1.44
7.71
13.63
-15.85
-5.35
14.67
9.43
11.43
-1.99
2.6
6.59
- -
Free Cash Flow per Basic Share
0.31
- -
- -
- -
- -
- -
1.04
1.2
- -
2.41
- -
1.25
2
- -
- -
0.5
- -
Dividend per Share
9.71
9.16
8.35
8.27
7.39
4.38
15.19
19.43
24.62
25.69
30.74
35.76
39.29
43.66
43.51
44.72
- -
Book Value per Share
9.71
9.16
8.35
8.27
7.39
4.37
15.18
19.43
24.62
25.69
30.74
35.76
39.29
43.66
43.51
44.72
- -
Tangible Book Value per Share
163
163
163
163
163
163
176
188
188
188
188
188
188
188
185
185
185
Basic Weighted Avg Shares
4,619
5,551
5,931
6,986
9,276
7,943
11,893
14,669
10,833
12,732
17,065
19,772
20,914
17,093
13,532
13,883
13,546
Sales/Revenue/Turnover
20.14
5.94
-2.98
8.74
2.75
9.76
20.47
7.5
11.45
7.8
9.44
12.5
7.79
8.92
4.77
3.61
1.84
Operating Margin (%)
330
321
327
329
332
308
299
325
329
369
409
436
502
525
487
365
323
Depreciation Expense
251
-91
-132
-113
-194
390
1,561
1,014
951
735
915
1,552
1,047
835
233
308
145
Net Income, GAAP
20.09
- -
- -
- -
- -
1.09
25.2
0.69
14.27
- -
23.59
29.02
31.32
42
55.52
27.48
31.57
Effective Tax Rate (%)
5.43
-1.63
-2.22
-1.62
-2.09
4.91
13.13
6.92
8.78
5.77
5.36
7.85
5.01
4.89
1.72
2.22
1.07
Profit Margin (%)
689
899
-241
-899
-1,724
-334
703
402
2,134
1,919
2,859
3,253
3,875
4,422
4,293
4,344
- -
Working Capital
4,494
4,535
3,350
2,436
1,567
2,635
1,179
520
1,396
1,947
1,478
2,017
2,173
1,512
949
570
- -
LT Debt
1,585
1,494
1,363
1,350
1,206
714
2,860
3,658
4,636
4,837
5,789
6,733
7,398
8,221
8,062
8,287
- -
Total Equity
11.12
- -
- -
- -
- -
11.37
24.55
15.93
11.67
- -
9.82
14.63
9.69
7.34
2.21
2.93
- -
Return on Invested Capital (%)
11.12
- -
- -
- -
- -
13.26
24.83
16.38
12.21
- -
10.14
14.83
10.49
7.92
2.4
3.29
- -
Return on Capital (%)
15.79
-6.89
-10.3
-9.48
-15.15
37.42
87.36
31.13
22.93
15.51
17.23
24.79
14.83
10.69
2.87
3.77
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
2,795
- -
LT Borrowings
- -
556
- -
LT Finance Leases
- -
14
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
185
185
185
Market Capitalization
6,980
8,502
8,012

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
7,600
- -
Cash, Cash Equivalents & STI
- -
133
- -
Accounts Receivable, Net
- -
499
- -
Inventories
- -
6,778
- -
Total Current Liabilities
- -
3,257
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,795
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
41.75%
7.63%
2.79%
Free Cash Flow
-29.88%
-41.59%
152.97%
Net Income, GAAP
23.81%
-4.63%
32.15%
Sales/Revenue/Turnover
8.36%
-2.98%
2.59%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3,413
2,461
3,127
4,589
13,532
2026
4,055
2,459
3,251
4,254
13,883
2027
3,581
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.52
-1.29
0.58
2.5
1.26
2026
-0.51
-1.76
0.83
3.1
1.66
2027
-1.39
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
0.5
2027
- -
- -
- -
- -
- -
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Business
Dwarikesh Sugar Industries Limited engages in the manufacture and sale of sugar, ethanol, industrial alcohol, and co-generated power primarily in India. The company operates three integrated sugar mills with a combined crushing capacity of 21,500 tons of cane per day (TCD), located at Dwarikesh Nagar (6,500 TCD) and Dwarikesh Puram (7,500 TCD) in Bijnor district, Uttar Pradesh, and Dwarikesh Dham (7,500 TCD) in Bareilly district, Uttar Pradesh; it produces premium white crystal sugar for food and beverage, biofuel, agriculture, and FMCG sectors, fuel-grade and extra-neutral alcohol ethanol with total distillery capacity exceeding 400 KLPD across units, captive and exportable cogenerated power up to 70 MW utilizing bagasse, renewable energy certificates, carbon emission reductions, and hand sanitizers. Founded in 1993 as Dwarka Sugar Limited and renamed Dwarikesh Sugar Industries Limited in 1994, the company is headquartered in Mumbai, Maharashtra, with operational facilities in Uttar Pradesh's sugarcane-rich belt. Recent developments include the stabilization of distillery capacity to 162.5 KLPD in 2021, commissioning of a 175 KLPD distillery at Dwarikesh Dham in 2022 completed in nine months at a cost of Rs 232 crore, increased sugarcane procurement to 263 lakh quintals in 2024-25 covering over 92,000 hectares, and long-term borrowings of Rs 111.36 crore as of September 2025 at concessional rates for distillery expansion, supported by ICRA AA- long-term and A1+ short-term ratings.