Dwarikesh Sugar Industries Limited, Fundamental analysis

Industry Industry name	Sugar
Variance Full Year Net Profit Variance	32
Equity Latest Equity	18.53
Face Value Latest Face Value	1
Reserves Total Reserve	810.18
Dividend Full Year Dividend %	10
Sales Turnover Full Year Net Sales	1401.94
Net Profit Full Year Net Profit	30.77
Full Year CPS Full Year Cash Per Share	3.6
Earning Per Share Full Year Earning Per Share	1.7
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Mar 1, 2026
Latest Quarter Sales Latest Quarter Net Sales	425.43
Previous EPS Previous earnings per share	0
Book Value Book value	44.7
Networth Full Year Return on Networth	3.77
Price/Book Value Price to Book value	0.961969
Yearly PE ratio Full Year Price to Earning per share	25.9
Yearly PC ratio Full Year Price to Cash Per Share	11.8
Bse value BSE Value in lakhs	14.8
Nse value NSE Value in lakhs	217.36
High 52 week high	53
Low 52 week low	32
Price NSE Current market price	43
CPM Current market price	43

Market cap BSE / NSE Market Cap	802.54
Net profit Latest Quarter Net Profit	57.41
Net profit variance Latest Quarter Net Profit variance	24
Result year Trailing latest month	Mar 1, 2026
TTM Sales Trailing Twelve 12 month Net Sales	1280.17
TTM OP Trailing Twelve 12 month Operating Profit	-10.76
TTM OPM Trailing Twelve 12 month Operating Profit Margin	-0.84
TTM GP Trailing Twelve 12 month Gross Profit	79.26
TTM GPM Trailing Twelve 12 month Gross Profit Margin	5.65
TTM NP Trailing Twelve 12 month Net Profit	-1.02
TTM NPV Trailing Twelve 12 month Net Profit Variane	32.17
TTM EPS Trailing Twelve 12 month EPS	1.66
TTM PE Trailing Twelve 12 month PE	26.09
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	50.86
Equity Latest Equity	18.53
LTP Latest Price (BSE/NSE)	43
Gross block Latest Gross Block	1252.49
Loans Total loans	2.76
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	6.2
Year GPM Full Year Gross Profit Margin	5.7
Quarter OPM Latest quater Operation Profit Margin	20.3

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Sales	246	313	459	405	246	325	425	358
YOY Sales Growth %	-45%	-0%	21%	19%	-0%	4%	-7%	-12%
Gross Sales	246	313	459	405	246	325	425	358
+ Expenses	269	286	352	402	287	287	339	384
Material Cost %	-89%	219%	185%	-74%	-95%	212%	191%	-93%
Raw Material Cost	1	456	573	21	0	457	549	1
Change in Inventory	-219	229	279	-322	-235	232	262	-333
Manufacturing Cost %	10%	8%	6%	7%	10%	9%	5%	6%
Employee Cost %	10%	11%	6%	6%	11%	10%	6%	7%
Other Cost %	177%	-146%	-121%	160%	191%	-142%	-123%	187%
Raw Materials %	0%	146%	125%	5%	0%	140%	129%	0%
Purchase of Finished Goods %	-0%	0%	0%	1%	0%	0%	1%	1%
Stock Adjustments %	89%	-73%	-61%	80%	95%	-71%	-62%	93%
Other Manufacturing Expenses %	10%	8%	6%	7%	10%	9%	5%	6%
Operating Profit	-23	27	107	4	-41	38	87	-26
OPM %	-9%	9%	23%	1%	-17%	12%	20%	-7%
+ Other Income	2	4	0	1	2	3	1	2
Miscellaneous Income	2	4	0	1	2	3	1	2
Interest	3	3	8	5	2	1	6	3
Depreciation	12	12	12	12	12	12	0	8
Profit before tax	-36	16	88	-13	-53	27	82	-34
+ Tax %	33%	32%	47%	28%	38%	42%	30%	25%
Current Tax	0	0	10	0	0	0	10	0
Deferred Tax	-12	5	32	-4	-20	11	14	-9
Net Profit	-24	11	46	-9	-33	15	57	-26
EPS in Rs

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Sales	1,256	1,458	1,084	1,336	1,839	1,979	2,103	1,710	1,359	1,402
Sales Growth %		16%	-26%	23%	38%	8%	6%	-19%	-21%	3%
Gross Sales	1,125	1,402	1,084	1,336	1,839	1,975	2,103	1,710	1,359	1,402
Excise Duty	66	28	0	0	0	0	0	0	0	0
+ Expenses	983	1,316	955	1,200	1,638	1,688	1,888	1,505	1,245	1,315
Material Cost %	62%	77%	72%	76%	76%	73%	76%	71%	74%	77%
Raw Material Cost	848	1,079	1,067	1,096	1,337	1,342	1,397	1,397	1,014	1,010
Change in Inventory	-70	47	-292	-86	64	103	201	-178	-7	63
Manufacturing Cost %	4%	4%	6%	5%	4%	5%	5%	7%	6%	6%
Employee Cost %	6%	5%	7%	6%	5%	5%	6%	7%	8%	8%
Other Cost %	7%	4%	4%	4%	3%	2%	3%	3%	3%	3%
Raw Materials %	68%	74%	98%	82%	73%	68%	66%	82%	75%	72%
Purchase of Finished Goods %	0%	0%	0%	0%	0%	0%	0%	1%	1%	1%
Stock Adjustments %	6%	-3%	27%	6%	-4%	-5%	-10%	10%	0%	-5%
Power & Fuel %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Other Manufacturing Expenses %	3%	4%	6%	5%	4%	5%	5%	7%	6%	6%
Selling & Administration %	1%	1%	3%	3%	3%	2%	3%	2%	2%	3%
Miscellaneous Expenses %	1%	1%	1%	1%	1%	0%	0%	0%	1%	1%
Operating Profit	273	142	129	136	201	291	215	205	113	87
OPM %	22%	10%	12%	10%	11%	15%	10%	12%	8%	6%
+ Other Income	18	17	36	5	7	3	14	12	6	7
Miscellaneous Income	18	17	36	5	7	3	14	12	6	7
Exceptional Income	3	0	0	0	0	0	0	0	0	0
Interest	53	25	21	33	48	32	26	20	19	15
Depreciation	30	33	33	37	41	44	50	53	49	37
Profit before tax	209	103	111	72	120	219	153	144	52	43
+ Tax %	25%	1%	14%	-3%	24%	29%	31%	42%	56%	27%
Current Tax	44	21	24	13	21	39	27	25	10	10
Deferred Tax	9	-20	-8	-14	7	25	21	35	20	2
+ Net Profit	156	101	95	73	92	155	105	84	23	31
Profit Growth %		-35%	-6%	-23%	25%	70%	-33%	-20%	-72%	32%
Extraordinary Income / Expense	3	0	0	0	0	0	0	0	0	0
Exceptional Item	3	0	0	0	0	0	0	0	0	0
EPS in Rs

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	19	19	19	19	19	19	19	19	19	19
Reserves	267	347	445	465	560	654	721	803	788	810
+ Borrowings	533	342	656	846	609	524	375	456	507	336
Secured Borrowings	502	326	641	828	607	522	371	451	503	334
Unsecured Borrowings	31	16	15	18	3	2	4	5	4	3
+ Other Liabilities	200	276	246	279	257	222	166	137	149	133
Current Liabilities	244	322	283	308	297	259	141	143	130	113
Provisions	10	3	7	5	10	13	9	10	8	13
Other liability items	16	16	26	24	23	23	25	28	34	34
Total Liabilities	1,019	984	1,365	1,609	1,445	1,420	1,280	1,415	1,463	1,298
+ Fixed Assets	331	341	319	430	410	388	582	583	547	528
Gross Block	712	752	761	908	927	942	1,183	1,229	1,236	1,252
Accumulated Depreciation	381	411	442	477	517	554	601	646	690	724
CWIP	1	0	16	2	1	143	0	0	0	0
Investments	0	0	0	0	0	0	0	1	1	1
+ Other Assets	687	642	1,029	1,177	1,035	889	697	831	915	769
Inventories	610	531	824	913	855	758	561	741	751	678
Trade receivables	55	53	60	98	68	35	72	36	58	50
Cash Equivalents	1	3	1	3	1	39	40	34	83	16
Loans n Advances	78	98	167	197	169	101	17	48	28	31
Other asset items	-57	-44	-23	-34	-59	-43	8	-27	-5	-5
Total Assets	1,019	984	1,365	1,609	1,445	1,420	1,280	1,415	1,463	1,298

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Cash from Operating Activity	141	298	-250	11	296	339	314	13	61	129
Profit Before Tax & Extraordinary Items	209	102	111	72	120	219	153	144	52	43
Depreciation	30	33	33	37	41	44	50	53	49	37
Interest (Net)	52	25	17	29	43	29	15	10	14	10
Profit / Loss on Sale of Assets	0	0	0	0	0	0	0	0	0	0
Provisions & Write-offs (Net)	1	0	0	0	0	0	0	0	2	0
Receivables	16	0	-63	-57	51	72	-79	24	-26	8
Inventories	-73	79	-293	-88	57	98	197	-180	-10	62
Trade Payables	-57	104	-35	33	-15	-86	0	0	-11	-22
Direct Taxes Paid	-38	-43	-20	-14	-1	-37	-29	-25	-12	-9
+ Cash from Investing Activity	-5	-41	-44	-111	-18	-198	-92	-41	-7	-4
Purchase of Fixed Assets	-5	-42	-48	-112	-19	-161	-99	-51	-12	-7
Sale of Fixed Assets	0	0	0	0	0	0	1	0	0	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Interest Received	0	0	4	0	2	1	9	10	5	5
Others	0	0	0	0	0	-37	-2	0	1	-2
+ Cash from Financing Activity	-140	-256	292	101	-280	-141	-222	27	27	-194
Proceeds from Issue of Shares	59	0	0	0	0	0	0	0	0	0
Proceeds from Other Long-Term Borrowings	0	0	90	222	0	104	81	0	0	0
Proceeds from Short-Term Borrowings	4	0	224	0	0	0	0	148	120	0
Repayment of Long-Term Borrowings	-153	-105	0	0	-185	-49	-50	-69	-67	-55
Repayment of Short-Term Borrowings	0	-86	0	-35	-51	-139	-183	0	0	-115
Repayment of Financial Liabilities	0	0	0	-2	0	-2	-2	-2	-2	-2
Dividend Paid	0	-23	0	-45	0	-24	-38	0	0	-9
Others	0	0	0	0	0	0	0	-32	-8	0
Net Cash Flow	-4	2	-2	1	-2	0	0	0	81	-69