1. India Stocks

  2. •

    Consumer Defensive

  3. •

    Food Confectioners
Vishwaraj Sugar Industries Limited

Vishwaraj Sugar Industries Limited

VISHWARAJ.BO
Vishwaraj Sugar Industries LimitedIN flagBombay Stock Exchange
5.78
INR
-0.11
- -
1.26BMarket Cap
Vishwaraj Sugar Industries Limited
VISHWARAJ.BO
(Bombay Stock Exchange)

Recent

price

5.78

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
14.71
17.87
15.13
11.81
15.52
19.74
21.84
12.41
16.38
14.64
10.42
19.88
Revenue per Share
-0.03
0.05
0.32
-0.23
-1.02
-0.44
0.44
1.6
-0.62
0.39
-0.85
-1.65
Basic EPS, GAAP
-1.28
1.29
0.87
-3.23
0.34
1.19
2.51
0.05
0.89
0.53
-0.74
2.4
Free Cash Flow per Basic Share
0.21
0.17
0.05
- -
- -
- -
- -
- -
0.05
0.05
- -
- -
Dividend per Share
11.47
11.29
11.61
11.39
11.34
10.63
10.42
6.71
5.99
6.32
4.74
2
Book Value per Share
12.24
12.04
12.38
12.19
12.24
12.34
12.04
7.52
6.81
7.14
6.44
11.16
Tangible Book Value per Share
188
188
188
188
173
180
188
376
376
376
436
218
Basic Weighted Avg Shares
2,762
3,356
2,840
2,218
2,681
3,549
4,101
4,659
6,151
5,497
4,539
4,325
Sales/Revenue/Turnover
4.25
6.66
12.1
4.68
4.56
6.68
11.57
16.73
8.16
9.28
-0.98
-4.22
Operating Margin (%)
101
113
115
132
133
146
147
155
160
159
161
122
Depreciation Expense
-6
9
61
-43
-176
-79
83
602
-234
145
-370
-358
Net Income, GAAP
- -
88.27
42
- -
- -
- -
32.19
- -
191.77
34.94
- -
- -
Effective Tax Rate (%)
-0.21
0.25
2.13
-1.92
-6.57
-2.22
2.02
12.91
-3.81
2.64
-8.16
-8.28
Profit Margin (%)
145
90
-269
69
75
207
446
556
683
-331
-300
-387
Working Capital
340
208
100
370
654
927
1,024
897
824
747
1,248
1,813
LT Debt
2,299
2,261
2,325
2,289
2,115
2,218
2,260
2,826
2,556
2,683
2,805
2,427
Total Equity
- -
0.54
4.13
- -
- -
- -
5.59
- -
-7.35
5.38
- -
- -
Return on Invested Capital (%)
- -
0.6
4.28
- -
- -
- -
5.71
- -
-7.87
5.66
- -
6.15
Return on Capital (%)
- -
0.4
2.82
-1.98
-8.6
-4.07
4.29
26.88
-9.83
6.27
-16.68
-82.2
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
1,795
1,204
1,725
LT Borrowings
1,701
1,870
1,813
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
218
218
218
Market Capitalization
2,129
1,708
1,499

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
2,008
1,360
2,972
Cash, Cash Equivalents & STI
32
23
86
Accounts Receivable, Net
281
156
178
Inventories
1,134
658
2,067
Total Current Liabilities
2,140
1,549
3,358
Payables & Accruals
- -
- -
- -
ST Debt
1,795
1,204
1,725
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.38%
5.38%
4.54%
Free Cash Flow
76.9%
264.5%
-262.62%
Net Income, GAAP
21.37%
-47.19%
-355.38%
Sales/Revenue/Turnover
7.06%
6.62%
-17.42%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,417
1,380
1,062
1,637
5,497
2025
1,013
928
932
1,667
4,539
2026
1,331
550
777
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.49
-0.6
1.66
- -
0.39
2025
-0.92
-1
0.03
- -
-0.85
2026
-0.75
-0.66
-0.31
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.05
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Vishwaraj Sugar Industries Limited manufactures sugar and allied products from sugarcane at its integrated facility in Bellad Bagewadi, Belgaum district, Karnataka, India, a government-designated high recovery zone; the company, founded in 1995 and headquartered in Belgaum, operates through five segments including Sugar, Co-Generation, Distillery, Indian Made Liquor (IML), and Vinegar, with a licensed sugarcane crushing capacity of 11,000 tonnes per day. Core products encompass sugar (242,000 tons/year capacity), bagasse (660,000 tons/year), molasses (88,000 tons/year), rectified spirit (30,000 KL/year), extra neutral alcohol (21,000 KL/year), industrial ethanol (90,000 KL/year), electricity (496,800 MWh/year from a 36 MW cogeneration plant with 22.4 MW surplus sold via power purchase agreements), brewed vinegar (34,500 liters/day), compost, press-mud, and carbon dioxide; IML offerings include blended whiskey brands such as Our Choice, Your Choice, District-1, and VSL Black. The company serves domestic markets in India, primarily Karnataka, with by-products like bagasse fueling power generation and molasses feeding distillery operations for rectified spirit, extra-neutral spirit, ethanol, and vinegar production. In recent developments, Vishwaraj Sugar Industries expands its distillery capacity from 100 KLPD to 250 KLPD, including a new 150 KLPD multi-feed distillery operational in Q3 FY2025 funded by Rs. 125 crore debt and Rs. 99 crore equity via qualified institutional placement (Rs. 50 crore infused in September 2024, balance in Q3 FY2025); it acquired additional 22 acres of land, participated in a tender to manage Shri Hiranyakeshi Sahakari Sakkare Karkhane Niyamit operations in December 2024, and anticipates improved scale, ethanol diversion via syrup/B-heavy routes, and grain-based operations during off-seasons from FY2026.