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Dwarikesh Sugar Industries Limited

Dwarikesh Sugar Industries Limited

NSE: DWARKESH
ConfectionersConsumer DefensiveSMALL CAPMCap ₹859.4 Cr
₹46.38₹-0.27 (-0.58%)

Market Closed • NSE

Market cap₹859.4 Cr
Enterprise value₹1.19k Cr
P/E TTM59.46
P/B1.04
EPS TTM₹0.78
D/E0.41
Dividend yield0.00%
52W high₹59.90
52W low₹32.13
Price chart(1Y)
1Y Return:+4.74% (+₹2.10)
H: ₹59.9L: ₹36.07
1W-1.26%
1M+14.43%
3M+5.99%
6M-0.51%
1Y+6.38%
Today at a glance

Day range

₹45.91₹47.74

52 week range

₹32.13₹59.90
Volume1.55M0.58x 20D avg
Free float50.00%-41.90% volume

Dwarikesh Sugar Industries Limited closed at INR46.38 (-0.58%) on volume 0.58x its 20-day average, trading 22.57% below its 52-week high.

Technical analysis
RSI (14)53.8Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹2.31High
SMA 20₹44.23BULLISH
SMA 50₹45.94BULLISH
SMA 100₹44.49BULLISH
SMA 200₹42.30BULLISH
CPR bottom₹47.49
Pivot₹47.21
CPR top₹46.93
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +271.9% QoQ

2026-07-30

DIVIDEND Announced

Dividend - Re 0.10 Per Share

2025-08-12

DIVIDEND Announced

Dividend - Re 0.50 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹336.5 Cr₹859.4 Cr39.15%≤ 33%FAIL
Non-halal income ratio–₹1.40k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.28k Cr₹1.30k Cr98.99%≥ 20%PASS
Receivables ratio–₹1.30k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E59.4621.90
Forward P/E——
P/B1.042.40
EV/EBITDA—18.00
PEG—1.30
Earnings yield1.704.60
Growth & profitability
RevenuePAT
FY23PAT margin 5.00%
FY24PAT margin 4.90%
FY25PAT margin 1.70%
FY26PAT margin 2.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-6.40%
Revenue CAGR 5Y-7.70%
PAT CAGR 3Y-28.30%
PAT CAGR 5Y-21.70%
Operating margin-9.31%
Net margin1.07%
Financial health & cash flow
Net debt₹323.4 CrModerate
Interest coverage3.40xEBIT / interest
CFO / PAT3.50x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹129.1 Cr
Capital expenditure–
Free cash flow₹122.1 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall60/100
Valuation35/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.41x

High Cash Flow Conversion: CFO/PAT averaged 3.5x over last 3 years

Risks

Stretched Valuation: Trading at a high P/E multiple of 59.5x

Bull case

Market Leadership: Established operational scale in Confectioners.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
30 Jul 2026Dividend₹0.10 / share—30 Jul 2026
12 Aug 2025Dividend₹0.50 / share—12 Aug 2025
—Annual General MeetingAnnual General Meeting—21 Jun 2024
20 Mar 2024Buy BackBuy Back—20 Mar 2024
—Annual General MeetingAnnual General Meeting—23 Jun 2023
31 Mar 2023Dividend₹2.00 / share—31 Mar 2023
—Annual General MeetingAnnual General Meeting—22 Jun 2022
08 Apr 2022Dividend₹2.00 / share—07 Apr 2022
—Dividend₹1.25 / share—12 Jul 2021
—Annual General MeetingAnnual General Meeting—03 Aug 2020
20 Feb 2020Dividend₹1.00 / share—18 Feb 2020
—Dividend₹1.00 / share—28 Aug 2019
—Annual General MeetingAnnual General Meeting—23 Aug 2018
—Dividend₹10.00 / share—10 Aug 2017
—Annual General Meeting (Book Closure Start Date Revised)Annual General Meeting (Book Closure Start Date Revised)—28 Jul 2016
—Annual General MeetingAnnual General Meeting—09 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)27.37%-1.25% latest vs average
Highest delivery38.10%on 15 Oct
Average volume (20D)2.67MTrading-session average
Conviction trendWeakening-1.25% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Hindustan Unilever Limited
Hindustan Unilever LimitedHINDUNILVR
Open analysis
₹4.45L42.462.32%₹17,341.00₹2,680.00+10.05%-3.18%
ITC Limited
ITC LimitedITC
Open analysis
₹3.30L16.646.06%₹19,114.00₹4,509.00-11.08%-15.61%
Nestlé India Limited
Nestlé India LimitedNESTLEIND
Open analysis
₹2.44L59.830.94%₹6,378.00₹959.00+25.16%+48.22%
Avenue Supermarts Limited
Avenue Supermarts LimitedDMART
Open analysis
₹2.18L69.890.00%₹18,795.00₹860.00+14.88%+11.25%
Varun Beverages Limited
Varun Beverages LimitedVBL
Open analysis
₹1.46L43.050.47%₹8,451.00₹1,525.00+20.44%+15.09%
Britannia Industries Limited
Britannia Industries LimitedBRITANNIA
Open analysis
₹1.15L44.071.87%₹5,000.00₹593.00+8.18%+14.04%
Marico Limited
Marico LimitedMARICO
Open analysis
₹1.02L53.910.51%₹3,957.00₹652.00+22.85%+27.10%
UNITED SPIRITS LIMITED
UNITED SPIRITS LIMITEDUNITDSPR
Open analysis
₹97,987.6558.111.23%₹3,054.00₹539.00+3.67%+28.03%
About Dwarikesh Sugar Industries Limited
Dwarikesh Sugar Industries Limited

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.

IndiaConsumer Defensive

Questions investors ask
Is Dwarikesh Sugar Industries Limited Shariah compliant?

Dwarikesh Sugar Industries Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (39.15%) exceeds AAOIFI threshold (≤ 33%).

What is Dwarikesh Sugar Industries Limited's current valuation relative to peers?

Dwarikesh Sugar Industries Limited trades at a P/E of 59.5x compared to the sector median of 21.9x, and a Price-to-Book of 1.0x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.41x. Interest coverage is 3.4x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -7.7% while net profit growth averaged -21.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.