Vishwaraj Sugar Industries Limited (VISHWARAJ)

Loading page…

Vishwaraj Sugar Industries Limited (VISHWARAJ) · mywealthgrid

About

Vishwaraj Sugar Industries Limited operates in Sugar within the Consumer Staples sector.

Face value: ₹2

Market cap

₹113 Cr

P/E

—

P/B

0.4×

Dividend yield

3.9%

ROE

-10.6%

ROCE

-5.1%

Debt / equity

1.66

OPM

-2.6%

EPS (TTM)

₹-1.7

Book value

₹11.6

52-week high

—

52-week low

—

1,719 historical price candles were omitted because the exchange source has not been verified.

₹5.2-1.5%1Y

Quick read

rule-based

Pros

+Dividend yield of 3.9%

Cons

−Low return on equity of -6.2% (3-yr avg)
−Revenue shrank over the last 5 years (-2.4% a year)
−Heavily leveraged (debt/equity 1.7)
−Weak interest coverage of -0.7×

Research score

Structured signal from quality, growth, valuation and momentum.

34/100

Business quality: 3
Growth: 0
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	377	426	469	616	550	454	377
COGS	281	317	312	457	393	358	318
Gross profit	96	110	157	160	157	96	59
	58	48	63	93	91	84	69
	38	62	93	66	66	12	-10
OPM %	10.2%	14.5%	19.9%	10.7%	12%	2.6%	-2.6%
Depreciation	15	15	16	16	16	16	18
Interest	42	36	32	28	31	34	30
	1	1	2	3	3	8	6
Profit before tax	-17	12	47	26	22	-31	-52
Tax	-9	4	-13	49	8	6	-24
Tax %	-52.4%	32.2%	-27.5%	191.7%	35%	19.2%	-45.6%
	-8	8	60	-23	15	-37	-28
PAT margin %	-2.1%	1.9%	12.8%	-3.8%	2.6%	-8.2%	-7.5%
EPS (₹)	-2.2	2.1	3.2	-1.2	0.8	-1.7	-1.3
EPS adjusted (₹)	—	0.4	3.2	-1.3	0.8	-1.7	-1.3
	—	47.4%	6.2%	—	25.6%	—	—
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	38	38	38	38	44	44
Reserves	188	245	218	231	237	209
	349	370	356	366	391	421
	137	117	115	165	148	154
Total equity & liabilities	712	770	726	799	819	828
	282	300	298	287	276	481
CWIP	—	—	4	124	201	22
Investments	1	1	1	1	1	3
	429	469	423	387	340	323
Total assets	712	770	726	799	819	828

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	25	49	56	35	52	146	50	37
	-18	-27	-9	-33	-18	-125	-83	-45
	-12	-16	-6	-38	-44	-22	41	0
Net cash flow	-6	6	41	-36	-11	-1	9	-7
Free cash flow	6	21	47	2	52	20	50	37
CFO / Operating profit %	—	127.6%	90.1%	37.7%	78.7%	220.2%	431.2%	—

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Sugar	248.59	-142.34	314.55	463.76	—	—
Distilery	94.1	112.04

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	25.5%	25.7%	33.4%	25.9%	28.6%	21.2%	15.6%
EBITDA margin %	10.2%	14.5%	19.9%	10.7%	12%	2.6%	-2.6%
EBIT margin %	6.3%	11.1%	16.6%	8.1%	9.1%	-1%	-7.4%
PAT margin %	-2.1%	1.9%	12.8%	-3.8%	2.6%	-8.2%	-7.5%
Working capital
Receivable days	—	26	25	26	27	24	22
Inventory days	—	329	429	242	257	241	288
Payable days	—	77	110	49	91	47	117
NWC days	—	278	344	219	193	217	193
Leverage
Current ratio	—	1.12	1.14	1.2	0.92	0.92	0.76
Debt to EBITDA	—	5.63	3.96	5.37	5.52	33.43	—
Debt to equity	—	1.54	1.31	1.39	1.36	1.39	1.66
Interest coverage	0.6	1.3	2.5	1.9	1.7	0.1	-0.7
Asset turnover	—	0.6	0.61	0.85	0.69	0.55	0.46
Return ratios
Return on assets %	—	1.2%	7.8%	-3.2%	1.8%	-4.5%	-3.4%
Return on capital employed %	—	14.4%	22.5%	14.1%	13.9%	0.8%	-5.1%
Return on equity %	—	3.7%	21.3%	-9.2%	5.4%	-13.2%	-11.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	33.69%	33.69%	33.69%	33.69%	29.05%	29.05%	29.04%	29.05%	29.05%	29.05%	29.05%	29.05%
	0.23%	0%	0.26%	0.13%	3.3%	1.38%	0.4%	0.09%	0%	0.03%	0%	0%
	0%	0%	0%	0%	6.64%	5.5%	5.79%	5.74%	3.76%	3.75%	2.03%	1.29%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	66.08%	66.31%	66.05%	66.18%	61.01%	64.07%	64.77%	65.12%	67.19%	67.17%	68.92%	69.66%
No. of shareholders	—	—	—	—	—	—	—	—	1,52,529	1,49,003	1,45,857	1,44,029

Promoter holding down 4.64 percentage points since Sep 2023.

228 deals · 16 Sept 2021 – 16 Oct 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Oct 2024	NEOMILE CORPORATE ADVISORY LIMITED	Bulk	NSE	Buy	29,00,000	₹17.90	₹5.19 Cr
30 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	11,04,510	₹19.72	₹2.18 Cr
30 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	10,11,339	₹19.72	₹1.99 Cr
27 Sept 2024	NEOMILE GROWTH FUND - SERIES I	Bulk	NSE	Sell	28,38,795	₹20.29	₹5.76 Cr
27 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	16,60,898	₹20.32	₹3.37 Cr
27 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	16,52,050	₹20.36	₹3.36 Cr
26 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	17,93,010	₹20.33	₹3.65 Cr
26 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	16,41,679	₹20.32	₹3.34 Cr
26 Sept 2024	B.W.TRADERS	Bulk	NSE	Sell	11,48,607	₹20.68	₹2.38 Cr
26 Sept 2024	B.W.TRADERS	Bulk	NSE	Buy	11,48,607	₹20.66	₹2.37 Cr

1–10 of 228

1 / 23

Mr. Nikhil Umesh KattiExecutive Director-Chairperson related to Promoter-MD
Mr. Kush Ramesh KattiExecutive Director
Mr. Basavaraj Veerappa HagaragiNon-Executive - Independent Director
Mr. VISHNUKUMAR MAHADEV KULKARNINon-Executive - Independent Director
Mr. Shivanand Basavanneppa TubachiNon-Executive - Independent Director
Mrs. Pratibha Pramod MunnolliNon-Executive - Independent Director
Mrs. Sneha Nitin DevExecutive Director
Mr. Mallikarjun Kadayya PujarExecutive Director
Ms. Priya Manoj DedhiaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Vishwaraj Sugar Industries Limited. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

4

Final dividend20 Sept 2024 · ex-date₹0.2
Interim dividend21 Feb 2023 · ex-date₹0.1
Final dividend18 Aug 2022 · ex-date₹0.2
Final dividend16 Sept 2021 · ex-date₹1

1

Board meeting to consider results13 Aug 2026

1

Face value ₹10 → ₹221 Oct 2021 · ex-date

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

22 Jun 2026, 4:12 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Loading announcements…

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	25.5%	25.7%	33.4%	25.9%	28.6%	21.2%	15.6%
EBITDA margin %	10.2%	14.5%	19.9%	10.7%	12%	2.6%	-2.6%
EBIT margin %	6.3%	11.1%	16.6%	8.1%	9.1%	-1%	-7.4%
PAT margin %	-2.1%	1.9%	12.8%	-3.8%	2.6%	-8.2%	-7.5%
Working capital
Receivable days	—	26	25	26	27	24	22
Inventory days	—	329	429	242	257	241	288
Payable days	—	77	110	49	91	47	117
NWC days	—	278	344	219	193	217	193
Leverage
Current ratio	—	1.12	1.14	1.2	0.92	0.92	0.76
Debt to EBITDA	—	5.63	3.96	5.37	5.52	33.43	—
Debt to equity	—	1.54	1.31	1.39	1.36	1.39	1.66
Interest coverage	0.6	1.3	2.5	1.9	1.7	0.1	-0.7
Asset turnover	—	0.6	0.61	0.85	0.69	0.55	0.46
Return ratios
Return on assets %	—	1.2%	7.8%	-3.2%	1.8%	-4.5%	-3.4%
Return on capital employed %	—	14.4%	22.5%	14.1%	13.9%	0.8%	-5.1%
Return on equity %	—	3.7%	21.3%	-9.2%	5.4%	-13.2%	-11.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Balrampur Chini Mills LimitedBALRAMCHINBALRAMCHIN	₹13,714 Cr	₹16,884 Cr	₹6,366 Cr	₹721 Cr	11.8%	₹371 Cr	6%	12%	9.5%	236
Triveni Engineering & Industries LimitedTRIVENITRIVENI	₹5,055 Cr	₹7,202 Cr	₹7,617 Cr	₹547 Cr	7.2%	₹281 Cr	3.5%	12.5%	8.3%	229
Bajaj Hindusthan Sugar LimitedBAJAJHINDBAJAJHIND	₹4,556 Cr	₹8,101 Cr	₹5,332 Cr	₹273 Cr	6.7%	₹116 Cr	2.3%	2%	3.2%	-58
Shree Renuka Sugars LimitedRENUKARENUKA	₹4,542 Cr	₹11,693 Cr	₹9,365 Cr	₹29 Cr	0.2%	₹-780 Cr	-8.6%	-10.6%	—	17
Bannari Amman Sugars LimitedBANARISUGBANARISUG	₹4,126 Cr	₹4,134 Cr	₹1,671 Cr	₹156 Cr	10.3%	₹122 Cr	7.7%	9%	8%	137
Dalmia Bharat Sugar And Industries LimitedDALMIASUGDALMIASUG	₹3,209 Cr	₹5,000 Cr	₹3,378 Cr	₹421 Cr	11.8%	₹240 Cr	6.5%	10.1%	7.7%	230
Avadh Sugar & Energy LimitedAVADHSUGARAVADHSUGAR	₹1,529 Cr	₹2,935 Cr	₹2,756 Cr	₹229 Cr	8.2%	₹66 Cr	2.1%	10.7%	5.2%	225
Dhampur Sugar Mills LimitedDHAMPURSUGDHAMPURSUG	₹1,100 Cr	₹1,979 Cr	₹2,853 Cr	₹182 Cr	6.2%	₹70 Cr	2.3%	9.3%	5.5%	183
Uttam Sugar Mills LimitedUTTAMSUGARUTTAMSUGAR	₹1,052 Cr	₹1,774 Cr	₹2,179 Cr	₹205 Cr	10.4%	₹87 Cr	4.6%	18.1%	12%	180
Zuari Industries LimitedZUARIINDZUARIIND	₹840 Cr	₹3,438 Cr	₹1,099 Cr	₹60 Cr	6.8%	₹109 Cr	10.1%	2.5%	2.5%	356
Dhampur Bio Organics LimitedDBOLDBOL	₹803 Cr	₹1,857 Cr	₹3,268 Cr	₹138 Cr	4.2%	₹84 Cr	0.8%	7.9%	2.5%	213
Dwarikesh Sugar Industries LimitedDWARKESHDWARKESH	₹778 Cr	₹1,111 Cr	₹1,355 Cr	₹57 Cr	6.2%	₹15 Cr	2.2%	5.9%	3.8%	235

Date	Category	Subject	Filing
22 Jun 2026, 4:12 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
30 May 2026, 6:08 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
30 May 2026, 5:47 pm	Company Update Reg.24(A)-Annual Secretarial Compliance	Compliances-Reg.24(A)-Annual Secretarial Compliance	PDF
29 May 2026, 5:18 pm	Result Financial Results	Financial Results And Outcome Of Board Meeting	PDF
20 May 2026, 5:22 pm	Board Meeting	Board Meeting Intimation for Intimation Of Board Meeting	PDF
16 Apr 2026, 6:10 pm	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF
25 Mar 2026, 4:34 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
13 Feb 2026, 6:41 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

Vishwaraj Sugar Industries Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

4

1

1

Announcements

Not in the F&O segment

No fund holdings on record

4

1

1

Announcements

Annual reports

Segment results

Compounded sales growth

Return on equity

CO-GENERATION · revenue

Vishwaraj Sugar Industries Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends4

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends4

Board meetings1

Stock splits1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Return on equity

CO-GENERATION · revenue

4

1

1

4

1

1