Vishwaraj Sugar Industries Ltd.

•

vsil.co.inBSE: 542852NSE: VISHWARAJ

Market Cap₹ 124 Cr.

Current Price

High / Low₹ 10 / 4

Stock P/E0.0

Book Value₹ 10

Price to Book0.61

Dividend Yield0.00 %

ROCE0.5 %

ROE-13.5 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Sugar: 61.0% • Distillery: 30.0% • Co-Generation: 5.4%

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Working capital cycle has improved - days down from -22 to -124
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Company has a low return on equity of -5.6% over last 3 years
Company has a low return on capital employed of 5.8%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -5.40x)
Promoter holding has decreased over last 2 years: -4.6pp
Interest coverage is weak at 0.1x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsAgriSugar

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BALRAMCHIN	699.20	39.87	14794.90	0.50	44.15	-14.40	1636.79	6.13	9.29	7.36
2.	EIDPARRY	756.00	28.94	13453.45	0.00	311.50	-32.93	9017.52	3.37	23.60	8.33
3.	TRIVENI	268.90	21.08	5925.56	1.02	3.65	73.81	1950.14	-0.22	8.92	2.94
4.	RENUKA	24.36	0.00	5185.00	0.00	-251.50	4.59	2120.20	5.61	-3.84	-3.60
5.	BAJAJHIND	21.37	44.14	5108.85	0.00	-1847.00	-961.49	11259.70	801.92	2.86	-10.64
6.	BANARISUG	3682.15	37.92	4617.31	0.34	-10.92	-171.57	172.45	-58.81	9.33	-3.00
7.	DALMIASUG	432.85	14.80	3503.46	1.39	6.91	—	848.19	-16.48	8.38	5.10
8.	AVADHSUGAR	821.70	24.94	1644.91	1.22	0.23	102.78	779.25	8.74	6.50	4.68
9.	GODAVARIB	238.95	5434.89	1222.85	0.00	-19.32	-20.62	557.88	4.62	5.79	0.09
10.	DHAMPURSUG	170.85	15.63	1098.68	1.17	60.90	6592.31	7861.70	961.42	6.63	3.98
11.	UTTAMSUGAR	282.65	12.40	1077.97	0.88	1.30	-91.05	606.37	-3.56	11.62	4.32
12.	VISHWARAJ	5.67	0.00	123.51	0.00	-258.36	-1476.62	1070.66	704.65	0.49	-10.14

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	142	138	106	164	101	93	93	167	133	55	78	111	107
	140	139	63	141	108	104	76	154	141	62	78	106	136
Operating Profit	2	-1	43	23	-7	-11	17	12	-8	-7	-1	5	-29
OPM %	1.19%	-0.99%	40.83%	13.75%	-6.84%	-11.99%	18.52%	7.49%	-5.66%	-12.06%	-0.73%	4.50%	-27.08%
	1	1	1	1	1	1	1	5	2	1	2	2	3
Interest	7	7	7	9	7	7	13	6	7	5	4	14	12
Depreciation	4	4	4	4	4	4	4	4	4	4	4	5	6
Profit before Tax	-9	-11	33	10	-17	-22	1	8	-16	-14	-7	-13	-26
Tax %	-0.00%	-0.00%	5.68%	77.21%	-0.00%	-0.00%	0.00%	74.41%	-0.00%	-0.00%	-0.00%	186.27%	-0.00%
Net Profit	-9	-11	31	2	-17	-22	1	2	-16	-14	-7	11	-26
	-0.49	-0.60	1.66	0.13	-0.92	-1.00	0.03	0.06	-0.75	-0.66	-0.31	0.53	-1.19

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	336	284	222	286	370	426	469	616	550	454	351
	302	237	198	262	332	364	381	550	484	442	382
Operating Profit	33	47	24	25	38	62	88	66	66	12	-31
OPM %	9.95%	16.45%	10.61%	8.64%	10.34%	14.54%	18.81%	10.74%	12.04%	2.57%	-8.89%
	3	1	10	1	1	1	7	3	3	8	7
Interest	18	25	21	36	42	36	32	28	30	34	35
Depreciation	11	12	13	13	15	15	16	16	16	16	19
Profit before Tax	7	11	-1	-24	-17	12	47	26	22	-31	-60
Tax %	37.05%	22.91%	-394.92%	26.24%	52.36%	32.19%	-27.51%	191.77%	34.94%	-19.17%	39.61%
Net Profit	4	9	-4	-18	-8	8	60	-23	14	-37	-36
EPS	0.00	0.00	0.00	0.00	0.00	0.42	0.42	-1.24	0.77	-1.70	—
Dividend Payout %	78.28%	0.00%	0.00%	0.00%	0.00%	45.29%	6.24%	0.00%	25.91%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 4%
3 Years:: -1%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: -28%
3 Years:: -34%
1 Year:: -40%

RETURN ON EQUITY

10 Years:: 0%
5 Years:: 2%
3 Years:: -6%
Last Year:: -13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	35	35	35	35	38	38	38	38	38	44
	201	210	194	177	184	188	245	218	231	237
	247	227	302	319	332	349	332	337	346	360
Trade Payables	27	14	27	113	62	67	94	61	98	46
	101	83	67	76	55	70	48	72	86	132
Total Liabilities	611	568	624	720	671	712	756	726	799	819
	244	241	272	264	288	282	300	298	287	276
Capital Work in Progress	1	38	0	11	0	0	0	4	124	201
	0	0	1	1	1	1	1	1	1	1
	240	177	262	324	290	286	367	303	277	236
	0	0	0	0	0	0	0	0	41	30
Cash & Bank	52	13	7	2	8	49	13	3	1	10
	74	99	83	117	83	94	75	117	69	64
Total Assets	611	568	624	720	671	712	756	726	799	819

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	39	54	-52	25	49	58	37	52	146	50
Cash from Investing	-5	-45	-6	-18	-27	-9	-33	-18	-125	-83
Cash from Financing	-2	-47	56	-12	-16	-6	-38	-44	-22	41
	32	-39	-5	-6	6	41	-36	-11	-1	9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	33.69	29.05	29.05	29.04	29.05	29.05	29.05	29.05	29.05
	0.13	3.30	1.38	0.40	0.09	0.00	0.03	0.00	0.00
	0.00	6.37	5.50	5.79	5.74	3.76	3.75	2.03	1.29
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	66.17	61.30	64.07	64.77	65.13	67.19	67.18	68.92	69.66

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Copy of Newspaper Publication

2026-09-07 - Vishwaraj Sugar Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Vishwaraj Sugar Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-15

Copy of Newspaper Publication

2026-08-15 - Vishwaraj Sugar Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Outcome of Board Meeting

2026-08-13 - Vishwaraj Sugar Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-15

Updates

2026-07-15 - Vishwaraj Sugar Industries Limited has informed the Exchange regarding 'In accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, we are enclosing herewith a copy of the certificate received from the Company s Registrar and Share Transfer Agent, Bigshare Services Private Limited, for the quarter ended June 30, 2026.'.

2026-06-22

Trading Window

2026-06-22 - Vishwaraj Sugar Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-06-16

Disclosure under SEBI Takeover Regulations

2026-06-16 - Vishwaraj Sugar Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

2026-05-30

Copy of Newspaper Publication

2026-05-30 - Vishwaraj Sugar Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-05-29

Outcome of Board Meeting

2026-05-29 - Vishwaraj Sugar Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

News

Recent coverage and analyst commentary for VISHWARAJ

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Vishwaraj Sugar Industries Ltd.

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Name

BALRAMCHIN

699.20

39.87

14794.90

0.50

44.15

-14.40

1636.79

6.13

9.29

7.36

EIDPARRY

756.00

28.94

13453.45

0.00

311.50

-32.93

9017.52

3.37

23.60

8.33

TRIVENI

268.90

21.08

5925.56

1.02

3.65

73.81

1950.14

-0.22

8.92

2.94

RENUKA

24.36

0.00

5185.00

0.00

-251.50

4.59

2120.20

5.61

-3.84

-3.60

BAJAJHIND

21.37

44.14

5108.85

0.00

-1847.00

-961.49

11259.70

801.92

2.86

-10.64

BANARISUG

3682.15

37.92

4617.31

0.34

-10.92

-171.57

172.45

-58.81

9.33

-3.00

DALMIASUG

432.85

14.80

3503.46

1.39

6.91

—

848.19

-16.48

8.38

5.10

AVADHSUGAR

821.70

24.94

1644.91

1.22

0.23

102.78

779.25

8.74

6.50

4.68

GODAVARIB

238.95

5434.89

1222.85

0.00

-19.32

-20.62

557.88

4.62

5.79

0.09

DHAMPURSUG

170.85

15.63

1098.68

1.17

60.90

6592.31

7861.70

961.42

6.63

3.98

UTTAMSUGAR

282.65

12.40

1077.97

0.88

1.30

-91.05

606.37

-3.56

11.62

4.32

VISHWARAJ

5.67

0.00

123.51

0.00

-258.36

-1476.62

1070.66

704.65

0.49

-10.14

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

142

138

106

164

101

167

133

111

107

140

139

141

108

104

154

141

106

136

Operating Profit

-1

-7

-11

-8

-7

-1

-29

OPM %

1.19%

-0.99%

40.83%

13.75%

-6.84%

-11.99%

18.52%

7.49%

-5.66%

-12.06%

-0.73%

4.50%

-27.08%

Interest

Depreciation

Profit before Tax

-9

-11

-17

-22

-16

-14

-7

-13

-26

Tax %

-0.00%

5.68%

77.21%

-0.00%

0.00%

74.41%

-0.00%

186.27%

-0.00%

Net Profit

-9

-11

-17

-22

-16

-14

-7

-26

-0.49

-0.60

1.66

0.13

-0.92

-1.00

0.03

0.06

-0.75

-0.66

-0.31

0.53

-1.19

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

336

284

222

286

370

426

469

616

550

454

351

302

237

198

262

332

364

381

550

484

442

382

Operating Profit

-31

OPM %

9.95%

16.45%

10.61%

8.64%

10.34%

14.54%

18.81%

10.74%

12.04%

2.57%

-8.89%

Interest

Depreciation

Profit before Tax

-1

-24

-17

-31

-60

Tax %

37.05%

22.91%

-394.92%

26.24%

52.36%

32.19%

-27.51%

191.77%

34.94%

-19.17%

39.61%

Net Profit

-4

-18

-8

-23

-37

-36

EPS

0.00

0.42

-1.24

0.77

-1.70

—

Dividend Payout %

78.28%

0.00%

45.29%

6.24%

0.00%

25.91%

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

201

210

194

177

184

188

245

218

231

237

247

227

302

319

332

349

332

337

346

360

Trade Payables

113

101

132

Total Liabilities

611

568

624

720

671

712

756

726

799

819

244

241

272

264

288

282

300

298

287

276

Capital Work in Progress

124

201

240

177

262

324

290

286

367

303

277

236

Cash & Bank

117

Total Assets

611

568

624

720

671

712

756

726

799

819

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-52

146

Cash from Investing

-5

-45

-6

-18

-27

-9

-33

-18

-125

-83

Cash from Financing

-2

-47

-12

-16

-6

-38

-44

-22

-39

-5

-6

-36

-11

-1

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

33.69

29.05

29.04

29.05

0.13

3.30

1.38

0.40

0.09

0.00

0.03

0.00

6.37

5.50

5.79

5.74

3.76

3.75

2.03

1.29

Government

0.00

Public

66.17

61.30

64.07

64.77

65.13

67.19

67.18

68.92

69.66

Vishwaraj Sugar Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Vishwaraj Sugar Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI