About
Dwarikesh Sugar Industries Limited engages in the manufacture and sale of sugar in India. It is also involved in the co-generation and sale of power; manufacture of industrial alcohol, molasses, and ethanol; and production of hand sanitizers and liquid carbon dioxide. The company was formerly known as Dwarka Sugar Limited and changed its name to Dwarikesh Sugar Industries Limited in April 1994. Dwarikesh Sugar Industries Limited was incorporated in 1993 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap877 Cr
P/E—
Div Yield0.21 %
Book Value—
52w High₹59.90
52w Low₹32.10
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 358.00 | 425.00 | 325.00 | 246.00 | 405.00 | 459.00 | 313.00 | 246.00 | 341.00 | 380.00 | 313.00 | 446.00 | 571.00 |
| Expenses | 384.00 | 339.00 | 287.00 | 287.00 | 402.00 | 352.00 | 286.00 | 269.00 | 339.00 | 307.00 | 287.00 | 417.00 | 494.00 |
| Operating Profit | -26.00 | 87.00 | 38.00 | -41.00 | 4.00 | 107.00 | 27.00 | -23.00 | 2.00 | 73.00 | 26.00 | 29.00 | 77.00 |
| OPM % | -7.00 | 20.00 | 12.00 | -17.00 | 1.00 | 23.00 | 9.00 | -9.00 | 0.70 | 19.00 | 8.00 | 6.00 | 13.00 |
| Other Income | 2.00 | 1.00 | 3.00 | 2.00 | 0.00 | 0.00 | 4.00 | 2.00 | 1.00 | 2.00 | 6.00 | 3.00 | 0.00 |
| Depreciation | 8.00 | 0.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 13.00 | 14.00 | 13.00 | 13.00 |
| Interest | 3.00 | 6.00 | 1.00 | 2.00 | 5.00 | 8.00 | 3.00 | 3.00 | 6.00 | 7.00 | 4.00 | 4.00 | 6.00 |
| Profit before tax | -34.00 | 82.00 | 27.00 | -53.00 | -13.00 | 88.00 | 16.00 | -36.00 | -15.00 | 56.00 | 14.00 | 15.00 | 59.00 |
| Tax % | -25.00 | 30.00 | 42.00 | -38.00 | -28.00 | 47.00 | 32.00 | -33.00 | -35.00 | 59.00 | 31.00 | 31.00 | 31.00 |
| Net Profit | -26.00 | 57.00 | 15.00 | -33.00 | -9.00 | 46.00 | 11.00 | -24.00 | -10.00 | 23.00 | 10.00 | 10.00 | 41.00 |
| EPS in Rs | -1.39 | 3.10 | 0.83 | -1.76 | -0.51 | 2.50 | 0.58 | -1.30 | -0.53 | 1.22 | 0.52 | 0.54 | 2.16 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,402.00 | 1,359.00 | 1,710.00 | 2,103.00 | 1,979.00 | 1,839.00 | 1,336.00 | 1,084.00 | 1,430.00 | 1,190.00 | 794.00 | 1,128.00 |
| Expenses | 1,315.00 | 1,245.00 | 1,505.00 | 1,888.00 | 1,688.00 | 1,638.00 | 1,200.00 | 955.00 | 1,287.00 | 917.00 | 686.00 | 1,043.00 |
| Operating Profit | 87.00 | 113.00 | 205.00 | 215.00 | 291.00 | 201.00 | 136.00 | 129.00 | 142.00 | 273.00 | 108.00 | 86.00 |
| OPM % | 6.00 | 8.00 | 12.00 | 10.00 | 15.00 | 11.00 | 10.00 | 12.00 | 10.00 | 23.00 | 14.00 | 8.00 |
| Other Income | 7.00 | 6.00 | 12.00 | 14.00 | 3.00 | 7.00 | 5.00 | 36.00 | 17.00 | 18.00 | 13.00 | 10.00 |
| Interest | 15.00 | 19.00 | 20.00 | 26.00 | 32.00 | 48.00 | 33.00 | 21.00 | 25.00 | 52.00 | 52.00 | 75.00 |
| Depreciation | 37.00 | 49.00 | 52.00 | 50.00 | 44.00 | 41.00 | 37.00 | 33.00 | 32.00 | 30.00 | 31.00 | 47.00 |
| Profit before tax | 43.00 | 52.00 | 144.00 | 152.00 | 219.00 | 120.00 | 72.00 | 111.00 | 102.00 | 209.00 | 39.00 | -27.00 |
| Tax % | 27.00 | 56.00 | 42.00 | 31.00 | 29.00 | 24.00 | -3.00 | 14.00 | 1.00 | 25.00 | 1.00 | -37.00 |
| Net Profit | 31.00 | 23.00 | 84.00 | 105.00 | 155.00 | 92.00 | 73.00 | 95.00 | 101.00 | 156.00 | 39.00 | -17.00 |
| EPS in Rs | 1.66 | 1.26 | 4.44 | 5.56 | 8.24 | 4.86 | 3.90 | 5.05 | 5.39 | 8.29 | 2.39 | -1.03 |
| Dividend Payout % | 6.00 | 40.00 | 0.00 | 36.00 | 24.00 | 26.00 | 26.00 | 20.00 | 0.00 | 12.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 16.00 | 16.00 |
| Reserves | 810.00 | 788.00 | 803.00 | 721.00 | 654.00 | 560.00 | 465.00 | 445.00 | 347.00 | 267.00 | 70.00 | 56.00 |
| Borrowings | 336.00 | 507.00 | 456.00 | 375.00 | 524.00 | 609.00 | 846.00 | 656.00 | 342.00 | 533.00 | 687.00 | 655.00 |
| Other Liabilities | 133.00 | 149.00 | 137.00 | 166.00 | 222.00 | 257.00 | 279.00 | 246.00 | 276.00 | 200.00 | 229.00 | 271.00 |
| Total Liabilities | 1,298.00 | 1,463.00 | 1,415.00 | 1,280.00 | 1,420.00 | 1,445.00 | 1,609.00 | 1,365.00 | 984.00 | 1,019.00 | 1,001.00 | 999.00 |
| Fixed Assets | 528.00 | 547.00 | 583.00 | 582.00 | 388.00 | 410.00 | 430.00 | 319.00 | 341.00 | 331.00 | 356.00 | 399.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 142.00 | 1.00 | 2.00 | 16.00 | 0.00 | 1.00 | 0.00 | 0.00 |
| Investments | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 769.00 | 915.00 | 831.00 | 697.00 | 889.00 | 1,035.00 | 1,177.00 | 1,029.00 | 642.00 | 687.00 | 644.00 | 600.00 |
| Total Assets | 1,298.00 | 1,463.00 | 1,415.00 | 1,280.00 | 1,420.00 | 1,445.00 | 1,609.00 | 1,365.00 | 984.00 | 1,019.00 | 1,001.00 | 999.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 129.00 | 61.00 | 13.00 | 314.00 | 339.00 | 296.00 | 11.00 | -250.00 | 298.00 | 141.00 | 37.00 | -151.00 |
| Cash from Investing Activity | -4.00 | -7.00 | -41.00 | -92.00 | -198.00 | -18.00 | -111.00 | -44.00 | -41.00 | -5.00 | -13.00 | -4.00 |
| Cash from Financing Activity | -194.00 | 27.00 | 27.00 | -222.00 | -141.00 | -280.00 | 101.00 | 292.00 | -256.00 | -140.00 | -20.00 | 154.00 |
| Net Cash Flow | -69.00 | 81.00 | 0.00 | 0.00 | 0.00 | -2.00 | 1.00 | -2.00 | 2.00 | -4.00 | 4.00 | -1.00 |
| Free Cash Flow | 122.00 | 48.00 | -37.00 | 216.00 | 178.00 | 276.00 | -100.00 | -298.00 | 257.00 | 136.00 | 24.00 | -155.00 |
| CFO/OP % | 159.00 | 64.00 | 19.00 | 160.00 | 129.00 | 147.00 | 19.00 | -178.00 | 240.00 | 66.00 | 34.00 | -176.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13.00 | 16.00 | 8.00 | 12.00 | 6.00 | 13.00 | 27.00 | 20.00 | 14.00 | 17.00 | 30.00 | 14.00 |
| Inventory Days | 231.00 | 272.00 | 222.00 | 128.00 | 191.00 | 223.00 | 330.00 | 388.00 | 172.00 | 286.00 | 333.00 | 195.00 |
| Days Payable | 4.00 | 12.00 | 13.00 | 13.00 | 24.00 | 49.00 | 75.00 | 86.00 | 70.00 | 36.00 | 89.00 | 80.00 |
| Cash Conversion Cycle | 240.00 | 276.00 | 216.00 | 128.00 | 173.00 | 187.00 | 281.00 | 322.00 | 116.00 | 267.00 | 273.00 | 129.00 |
| Working Capital Days | 109.00 | 93.00 | 87.00 | 60.00 | 53.00 | 56.00 | 52.00 | 71.00 | 10.00 | 21.00 | -11.00 | -40.00 |
| ROCE % | 5.00 | 5.00 | 14.00 | 15.00 | 21.00 | 13.00 | 9.00 | 14.00 | 17.00 | 32.00 | 11.00 | 8.00 |
Corporate Actions
27 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 30 Jul 2026 | 30 Jul 2026 | — | 0.10 | |
| Dividend | 12 Aug 2025 | 12 Aug 2025 | — | 0.50 | |
| Other | 21 Jun 2024 | — | — | — | Annual General Meeting |
| Other | 20 Mar 2024 | 20 Mar 2024 | — | — | Buy Back of Shares |
| Other | 20 Mar 2024 | 20 Mar 2024 | — | — | Buy Back |
| Other | 23 Jun 2023 | — | — | — | Annual General Meeting |
| Dividend | 31 Mar 2023 | 31 Mar 2023 | — | 2.00 | |
| Other | 22 Jun 2022 | — | — | — | Annual General Meeting |
| Dividend | 07 Apr 2022 | 08 Apr 2022 | — | 2.00 | |
| Dividend | 12 Jul 2021 | — | — | 1.25 | |
| Other | 03 Aug 2020 | — | — | — | Annual General Meeting |
| Dividend | 18 Feb 2020 | 20 Feb 2020 | — | 1.00 | |
| Dividend | 28 Aug 2019 | — | — | 1.00 | |
| Other | 23 Aug 2018 | — | — | — | Annual General Meeting |
| Split | 10 Aug 2017 | — | 10:1 | — | |
| Dividend | 10 Aug 2017 | — | — | 10.00 | |
| Other | 28 Jul 2016 | — | — | — | Annual General Meeting (Book Closure Start Date Revised) |
| Other | 09 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 06 Mar 2014 | — | — | — | Annual General Meeting |
| Other | 07 Mar 2013 | — | — | — | Annual General Meeting |
| Other | 01 Mar 2012 | — | — | — | Annual General Meeting |
| Other | 03 Mar 2011 | — | — | — | Annual General Meeting |
| Dividend | 03 Mar 2010 | — | — | 1.50 | |
| Other | 17 Mar 2009 | — | — | — | Annual General Meeting |
| Other | 07 Mar 2008 | — | — | — | Agm |
| Dividend | 09 Mar 2007 | — | — | 0.60 | |
| Other | 06 Jan 2006 | — | — | — | Agm |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update25 May from icra
-
Rating update14 Aug 2025 from icra
-
Rating update7 Nov 2024 from icra
-
Rating update7 Feb 2023 from icra
-
Rating update14 Jun 2022 from icra
-
Rating update29 Dec 2021 from icra
Conference Calls
- PPT
- PPT
- PPT
- PPT
- PPT
- PPT
- PPT
- PPT
- PPT
- PPT
- PPT
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript