Found a bug or want a feature? Verified reports earn free credits.
Log inSign up
Companies›Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products
NSE:DWARKESH

DWARIKESH SUGAR IND LTD

Fast Moving Consumer Goods › Agricultural Food & other Products
₹40.71
at close · 28 Oct 2026
▼ 1.40 (-3.32%)

Latest filings

Next results: Thu, 29 Oct · Financial Results
  1. Board to review Q2 and half-year results on October 29, 2026 · Results
  2. Routine RTA compliance certificate for Q2 FY27 filed with BSE · Compliance
  3. Trading window closed from Oct 1 until 48 hours after Q2 FY27 results · Compliance
All filings ↓
Ask Nexa about DWARIKESH SUGAR IND LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures sugar and ethanol from sugarcane in Uttar Pradesh through 3 sugar mills and 2 distilleries, with an attached 94 MW cogeneration plant that sells surplus power to UPPCL. The sugar segment contributed 78.9% of segment revenue in FY26 at Rs 1,277.26 crore with EBIT of Rs 30.77 crore; the distillery segment (molasses-to-ethanol) contributed 21.1% at Rs 342.45 crore with EBIT of Rs 32.78 crore. FY26 sugar operations were squeezed by 8% lower cane crushing at 24.32 lakh tonnes and a Rs 30/quintal rise in the state-advised cane price, while distillery revenues were hit by weak ethanol off-take from oil marketing companies. Installed capacity stands at 21,500 tonnes of cane per day (TCD) of crushing and 337.5 kilo-litres per day of ethanol output, and the unit engages roughly 1.5 lakh farmers for cane procurement. Raw materials, chiefly sugarcane and molasses, made up 73.3% of revenue, with employees at 8.0% and other operating expenses at 7.4%. FY26 total revenue was Rs 1,401.94 crore with EBITDA margin of 6.7% and net profit of Rs 30.84 crore; the sugar season ended early in March 2026, leaving no crushing in Q1 FY27.

Revenue mix · reported segments
Sugar78.9%
Distillery21.1%
Operating scale
Sugar mills
3 (in Uttar Pradesh)FY26
Distilleries
2 (in Uttar Pradesh)FY26
Cane crushing capacity
21,500 TCDFY26
Cogeneration capacity
94 MWFY26
Ethanol output capacity
337.5 KL/dayFY26
Cane crushed
24.32 lakh tonnesFY26
Who pays it
Oil marketing companies for ethanol, bulk sugar buyers, and UPPCL for surplus power
Biggest cost
Sugarcane and molasses, at 73.3% of revenue
Kind of business
Cyclical, commodity-linked sugar and ethanol producer with regulatory exposure to cane SAP and ethanol pricing
Where it sits
Operates 3 sugar mills and 2 distilleries in Uttar Pradesh, engaging around 1.5 lakh farmers
Market Cap
₹754 Cr
P / E (TTM)
52.2×
EV / EBITDA
16.3×
Div Yield
1.23%
Growth
-5.3%▼
Revenue 5y CAGR
PAT -19.6% · EBITDA -14.7%
Quality
15.9%▲
ROCE (5y median)
ROE 10.2% (5y median) · margin 6.7%
Leverage
0.40·
Debt / Equity · low
Net debt ₹321 Cr
Revenue FY21→FY26
0.8×▼
Margin −2.8 pts
₹1,839 Cr → ₹1,402 Cr
Cash conversion
2.19×▲
Operating cash ÷ profit · 5 yrs
₹869 Cr on ₹398 Cr
Moves on a normal day
1.54%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 27 Sugar peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#19/20
P/B#14/26
ROCE#12/27
ROE#13/26
Debt / Equity#11/26
EBITDA margin#23/26
Revenue growth#22/25
Profit growth#25/27

Scorecard

Measured from the filed financials, judged against its Sugar peers · as of FY26 — not investment advice

Strengths
Returns on capital 15.9% (5-year median)
#12 of 27 in Sugar on the latest reported figures · down from 22.3% in FY21
Debt at 0.40× equity
lower than 60% of its 26 Sugar peers
Over 5 years it reported ₹398 Cr of profit and ₹869 Cr of operating cash — 2.19×
Profit is converting into cash
Pays out 30% of profit as dividend
Concerns
Revenue shrinking over 5 years (−5% a year)
Profit shrinking over 5 years (−20% a year)
Erratic profits — up in only 2 of the last 5 years
Heavy working capital — 187 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

DWARKESH · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from DWARIKESH SUGAR IND LTD's filed financials and exchange disclosures

What does DWARIKESH SUGAR IND LTD do?

DWARIKESH SUGAR IND LTD is a Agricultural Food & other Products company listed on NSE and BSE, trading under the symbol DWARKESH.

Is DWARIKESH SUGAR IND LTD profitable?

Yes. Over the trailing twelve months DWARIKESH SUGAR IND LTD reported a net profit of ₹14 Cr on revenue of ₹1,355 Cr.

Does DWARIKESH SUGAR IND LTD pay a dividend?

Yes. The dividend yield is 1.23% at the current price. It paid out 30% of its profit as dividend in FY26.

Is DWARIKESH SUGAR IND LTD debt-free?

No. It reported borrowings of ₹334 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹321 Cr after cash. Debt stands at 0.40× equity. That is lower than 60% of its 26 Sugar peers.

Is DWARIKESH SUGAR IND LTD expensive compared with its peers?

On trailing P/E, DWARIKESH SUGAR IND LTD ranks 19 of 20 in Sugar — cheaper than 5% of them, against an industry median of 14.5×. This is a position, not a valuation judgement.

How much does the DWARIKESH SUGAR IND LTD share price move in a day?

On a typical session DWARIKESH SUGAR IND LTD moves 1.54% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are DWARIKESH SUGAR IND LTD's next results?

Financial Results on Thu, 29 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track DWARIKESH SUGAR IND LTD's announcements?

Every NSE and BSE filing by DWARIKESH SUGAR IND LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.