About
Vishwaraj Sugar Industries Limited manufactures and sells sugar and other related products in India. It operates through five segments: Sugar, Co-Generation, Distillery, IML, and Vinegar Unit. The company also produces distillery products, including ethanol, and rectified and extra-neutral spirits; and bagasse, molasses, brewed vinegar, compost, press-mud, and carbon dioxide. In addition, the company is involved in the co-generation of electricity / power related businesses. The company was formerly known as Vishwanath Sugar and Steel Industries Limited and changed its name to Vishwaraj Sugar Industries Limited in November 2012. Vishwaraj Sugar Industries Limited was incorporated in 1995 and is based in Belgaum, India.
Key Metrics
as of Sep 2026Market Cap129 Cr
P/E—
Div Yield0.00 %
Book Value₹10.40
52w High₹9.67
52w Low₹4.10
Face Value₹2.00
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 | 107.00 | 111.00 | 78.00 | 55.00 | 133.00 | 167.00 | 93.00 | 93.00 | 101.00 | 164.00 | 106.00 | 138.00 | 142.00 |
| Expenses | 118.00 | 106.00 | 78.00 | 62.00 | 141.00 | 154.00 | 76.00 | 104.00 | 108.00 | 141.00 | 63.00 | 139.00 | 140.00 |
| Operating Profit | -11.00 | 5.00 | -1.00 | -7.00 | -8.00 | 12.00 | 17.00 | -11.00 | -7.00 | 23.00 | 43.00 | -1.00 | 2.00 |
| OPM % | -10.00 | 4.50 | -0.70 | -12.00 | -6.00 | 7.00 | 19.00 | -12.00 | -7.00 | 14.00 | 41.00 | -1.00 | 1.20 |
| Other Income | 3.00 | 2.00 | 2.00 | 1.00 | 2.00 | 5.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Depreciation | 6.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Interest | 12.00 | 14.00 | 4.00 | 5.00 | 7.00 | 6.00 | 13.00 | 7.00 | 7.00 | 9.00 | 7.00 | 7.00 | 7.00 |
| Profit before tax | -26.00 | -13.00 | -7.00 | -14.00 | -16.00 | 8.00 | 1.00 | -22.00 | -17.00 | 10.00 | 33.00 | -11.00 | -9.00 |
| Tax % | 0.00 | -186.00 | 0.00 | 0.00 | 0.00 | 74.00 | 0.00 | 0.00 | 0.00 | 77.00 | 6.00 | 0.00 | 0.00 |
| Net Profit | -26.00 | 11.00 | -7.00 | -14.00 | -16.00 | 2.00 | 1.00 | -22.00 | -17.00 | 2.00 | 31.00 | -11.00 | -9.00 |
| EPS in Rs | -1.19 | 0.50 | -0.31 | -0.66 | -0.75 | 0.09 | 0.03 | -1.00 | -0.92 | 0.12 | 1.66 | -0.60 | -0.49 |
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 | 377.00 | 452.00 | 546.00 | 611.00 | 467.00 | 425.00 | 362.00 | 285.00 | 222.00 | 284.00 | 335.00 | 276.00 |
| Expenses | 387.00 | 440.00 | 479.00 | 545.00 | 374.00 | 363.00 | 323.00 | 259.00 | 198.00 | 238.00 | 305.00 | 256.00 |
| Operating Profit | -10.00 | 12.00 | 67.00 | 66.00 | 93.00 | 62.00 | 38.00 | 26.00 | 24.00 | 46.00 | 31.00 | 19.00 |
| OPM % | -2.60 | 2.60 | 12.00 | 11.00 | 20.00 | 15.00 | 11.00 | 9.00 | 11.00 | 16.00 | 9.00 | 7.00 |
| Other Income | 6.00 | 8.00 | 2.00 | 3.00 | 2.00 | 0.00 | 1.00 | 0.00 | 10.00 | 1.00 | 9.00 | 9.00 |
| Interest | 30.00 | 34.00 | 30.00 | 28.00 | 32.00 | 36.00 | 42.00 | 36.00 | 21.00 | 25.00 | 21.00 | 18.00 |
| Depreciation | 18.00 | 16.00 | 16.00 | 16.00 | 16.00 | 15.00 | 15.00 | 13.00 | 13.00 | 12.00 | 11.00 | 10.00 |
| Profit before tax | -52.00 | -31.00 | 22.00 | 26.00 | 47.00 | 12.00 | -17.00 | -24.00 | -1.00 | 10.00 | 7.00 | 0.00 |
| Tax % | -46.00 | 19.00 | 35.00 | 192.00 | -28.00 | 32.00 | -52.00 | -26.00 | 395.00 | 42.00 | 37.00 | 1,559.00 |
| Net Profit | -28.00 | -37.00 | 14.00 | -23.00 | 60.00 | 8.00 | -8.00 | -18.00 | -4.00 | 6.00 | 4.00 | -3.00 |
| EPS in Rs | -1.29 | -1.70 | 0.77 | -1.25 | 3.20 | 0.44 | -0.42 | -1.02 | -0.25 | 0.35 | 0.26 | -0.19 |
| Dividend Payout % | 0.00 | 0.00 | 26.00 | -8.00 | 6.00 | 45.00 | 0.00 | 0.00 | 0.00 | 0.00 | 78.00 | 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 | 44.00 | 44.00 | 38.00 | 38.00 | 38.00 | 38.00 | 38.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 |
| Reserves | 209.00 | 237.00 | 231.00 | 218.00 | 245.00 | 188.00 | 184.00 | 177.00 | 194.00 | 198.00 | 201.00 | 201.00 |
| Borrowings | 421.00 | 391.00 | 366.00 | 356.00 | 370.00 | 376.00 | 347.00 | 339.00 | 315.00 | 238.00 | 172.00 | 159.00 |
| Other Liabilities | 154.00 | 148.00 | 165.00 | 115.00 | 117.00 | 110.00 | 103.00 | 169.00 | 81.00 | 72.00 | 203.00 | 231.00 |
| Total Liabilities | 828.00 | 819.00 | 799.00 | 726.00 | 770.00 | 712.00 | 672.00 | 720.00 | 624.00 | 543.00 | 610.00 | 625.00 |
| Fixed Assets | 481.00 | 276.00 | 287.00 | 298.00 | 300.00 | 282.00 | 288.00 | 264.00 | 272.00 | 241.00 | 244.00 | 246.00 |
| CWIP | 22.00 | 201.00 | 124.00 | 4.00 | 0.00 | 0.00 | 0.00 | 11.00 | 0.00 | 38.00 | 1.00 | 5.00 |
| Investments | 3.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 323.00 | 340.00 | 387.00 | 423.00 | 469.00 | 429.00 | 382.00 | 443.00 | 352.00 | 264.00 | 365.00 | 374.00 |
| Total Assets | 828.00 | 819.00 | 799.00 | 726.00 | 770.00 | 712.00 | 672.00 | 720.00 | 624.00 | 543.00 | 610.00 | 625.00 |
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 | 37.00 | 50.00 | 146.00 | 52.00 | 35.00 | 56.00 | 49.00 | 25.00 | -55.00 | 62.00 | 55.00 | 31.00 |
| Cash from Investing Activity | -45.00 | -83.00 | -125.00 | -18.00 | -33.00 | -9.00 | -27.00 | -18.00 | -6.00 | -45.00 | -6.00 | -50.00 |
| Cash from Financing Activity | 0.00 | 41.00 | -22.00 | -44.00 | -38.00 | -6.00 | -16.00 | -12.00 | 56.00 | -55.00 | -18.00 | 28.00 |
| Net Cash Flow | -7.00 | 8.00 | -1.00 | -11.00 | -36.00 | 41.00 | 6.00 | -6.00 | -5.00 | -39.00 | 31.00 | 9.00 |
| Free Cash Flow | -6.00 | -32.00 | 21.00 | 34.00 | 2.00 | 47.00 | 22.00 | 7.00 | -61.00 | 16.00 | 49.00 | -18.00 |
| CFO/OP % | -382.00 | 431.00 | 227.00 | 79.00 | 39.00 | 93.00 | 128.00 | 99.00 | -222.00 | 137.00 | 179.00 | 162.00 |
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 | 22.00 | 24.00 | 27.00 | 26.00 | 25.00 | 26.00 | 26.00 | 49.00 | 56.00 | 57.00 | 19.00 | 16.00 |
| Inventory Days | 288.00 | 241.00 | 257.00 | 242.00 | 429.00 | 339.00 | 387.00 | 580.00 | 689.00 | 348.00 | 337.00 | 448.00 |
| Days Payable | 117.00 | 47.00 | 91.00 | 49.00 | 110.00 | 79.00 | 83.00 | 202.00 | 71.00 | 27.00 | 6.00 | 5.00 |
| Cash Conversion Cycle | 193.00 | 217.00 | 193.00 | 219.00 | 344.00 | 286.00 | 330.00 | 428.00 | 674.00 | 377.00 | 351.00 | 458.00 |
| Working Capital Days | -100.00 | -32.00 | -23.00 | 39.00 | 33.00 | -4.00 | 13.00 | 7.00 | -1.00 | -51.00 | -13.00 | 195.00 |
| ROCE % | -3.00 | 0.00 | 9.00 | 8.00 | 13.00 | 8.00 | 4.00 | 2.00 | 4.00 | 8.00 | 7.00 | — |
Corporate Actions
6 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 20 Sep 2024 | 20 Sep 2024 | — | 0.20 | |
| Other | 01 Sep 2023 | — | — | — | Annual General Meeting |
| Dividend | 21 Feb 2023 | 21 Feb 2023 | — | 0.10 | |
| Dividend | 18 Aug 2022 | — | — | 0.20 | |
| Split | 21 Oct 2021 | 22 Oct 2021 | 10:2 | — | |
| Dividend | 16 Sep 2021 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update9 Jun from icra
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Rating update27 Nov 2025 from icra
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Rating update24 Nov 2025 from fitch
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Rating update13 Dec 2024 from fitch
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Rating update22 Oct 2024 from icra
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Rating update27 Dec 2023 from fitch