Vishwaraj Sugar Industries Ltd.
•₹ 5.69-1.22%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Sugar: 61.0% • Distillery: 30.0% • Co-Generation: 5.4% • Vinegar: 3.7% • Other Operating Revenue: 0.0%
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BALRAMCHIN | 766.55 | 43.69 | 16210.01 | 0.91 | 44.15 | -14.40 | 1636.79 | 6.13 | 11.08 | 7.36 |
| 2. | EIDPARRY | 809.60 | 30.99 | 14407.29 | 0.00 | 311.50 | -32.93 | 9017.52 | 3.37 | 23.60 | 8.33 |
| 3. | TRIVENI | 300.95 | 23.59 | 6631.82 | 0.91 | 3.65 | 73.81 | 1950.14 | -0.22 | 8.92 | 2.94 |
| 4. | BAJAJHIND | 23.44 | 48.42 | 5603.72 | 0.00 | -1847.00 | -961.49 | 11259.70 | 801.92 | 2.86 | -10.64 |
| 5. | RENUKA | 26.16 | 0.00 | 5568.13 | 0.00 | -251.50 | 4.59 | 2120.20 | 5.61 | 13.61 | -3.60 |
| 6. | BANARISUG | 4236.50 | 0.00 | 5312.44 | 0.30 | -10.92 | -171.57 | 172.45 | -58.81 | 8.68 | -3.00 |
| 7. | DALMIASUG | 508.30 | 17.38 | 4114.14 | 1.18 | 6.91 | — | 848.19 | -16.48 | 8.38 | 5.10 |
| 8. | AVADHSUGAR | 812.70 | 0.00 | 1626.90 | 1.23 | 0.23 | 102.78 | 779.25 | 8.74 | 6.50 | 4.68 |
| 9. | UTTAMSUGAR | 334.70 | 14.68 | 1276.48 | 0.75 | 1.30 | -91.05 | 606.37 | -3.56 | 11.62 | 4.32 |
| 10. | GODAVARIB | 246.40 | 5604.34 | 1260.98 | 0.00 | -19.32 | -20.62 | 557.88 | 4.62 | 5.79 | 0.09 |
| 11. | DHAMPURSUG | 189.40 | 17.33 | 1217.97 | 1.06 | 6.09 | 569.23 | 786.17 | 6.14 | 6.63 | 3.98 |
| 12. | VISHWARAJ | 5.76 | 0.00 | 125.47 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 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 |
| -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 | -1 | 2 | 0 | -1 | -1 | 0 | 0 | -1 | -1 | -0 | 1 | -0 | |
| Equity Capital | 38 | 38 | 38 | 38 | 38 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 38 | 38 | 38 | 38 | 38 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 142
- 140
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 7
- Depreciation
- 4
- -9
- Tax %
- -0.00%
- Net Profit
- -9
- -0
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 138
- 139
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 7
- Depreciation
- 4
- -11
- Tax %
- -0.00%
- Net Profit
- -11
- -1
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 106
- 63
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 7
- Depreciation
- 4
- 33
- Tax %
- 5.68%
- Net Profit
- 31
- 2
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 164
- 141
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 9
- Depreciation
- 4
- 10
- Tax %
- 77.21%
- Net Profit
- 2
- 0
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 101
- 108
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 7
- Depreciation
- 4
- -17
- Tax %
- -0.00%
- Net Profit
- -17
- -1
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 93
- 104
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 7
- Depreciation
- 4
- -22
- Tax %
- -0.00%
- Net Profit
- -22
- -1
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 93
- 76
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 13
- Depreciation
- 4
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 0
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 167
- 154
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 6
- Depreciation
- 4
- 8
- Tax %
- 74.41%
- Net Profit
- 2
- 0
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 133
- 141
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 7
- Depreciation
- 4
- -16
- Tax %
- -0.00%
- Net Profit
- -16
- -1
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 55
- 62
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 5
- Depreciation
- 4
- -14
- Tax %
- -0.00%
- Net Profit
- -14
- -1
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 78
- 78
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 4
- Depreciation
- 4
- -7
- Tax %
- -0.00%
- Net Profit
- -7
- -0
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 111
- 106
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 14
- Depreciation
- 5
- -13
- Tax %
- 186.27%
- Net Profit
- 11
- 1
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 107
- 136
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 12
- Depreciation
- 6
- -26
- Tax %
- -0.00%
- Net Profit
- -26
- -0
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 36 | 48 | 33 | 26 | 40 | 63 | 95 | 69 | 69 | 19 | — |
| OPM % | 11 | 17 | 15 | 9 | 11 | 15 | 20 | 11 | 12 | 4 | — |
| Other Income | 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 |
| 7 | 11 | -1 | -24 | -17 | 12 | 47 | 26 | 22 | -31 | -60 | |
| Tax % | 37 | 23 | -395 | 26 | 52 | 32 | -28 | 192 | 35 | -19 | 40 |
| Net Profit | 4 | 9 | -4 | -18 | -8 | 8 | 60 | -23 | 14 | -37 | -36 |
| EPS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | -2 | — |
| Dividend Payout % | 78 | 0 | 0 | 0 | 0 | 45 | 6 | 0 | 26 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 1 | -0 | -1 | -0 | 0 | 3 | -1 | 1 | -2 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 1 | -0 | -1 | -0 | 0 | 3 | -1 | 1 | -2 | — |
Mar 2016
- 336
- 302
- Operating Profit
- 36
- OPM %
- 11
- Other Income
- 3
- Interest
- 18
- Depreciation
- 11
- 7
- Tax %
- 37
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 78
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2017
- 284
- 237
- Operating Profit
- 48
- OPM %
- 17
- Other Income
- 1
- Interest
- 25
- Depreciation
- 12
- 11
- Tax %
- 23
- Net Profit
- 9
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2018
- 222
- 198
- Operating Profit
- 33
- OPM %
- 15
- Other Income
- 10
- Interest
- 21
- Depreciation
- 13
- -1
- Tax %
- -395
- Net Profit
- -4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2019
- 286
- 262
- Operating Profit
- 26
- OPM %
- 9
- Other Income
- 1
- Interest
- 36
- Depreciation
- 13
- -24
- Tax %
- 26
- Net Profit
- -18
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2020
- 370
- 332
- Operating Profit
- 40
- OPM %
- 11
- Other Income
- 1
- Interest
- 42
- Depreciation
- 15
- -17
- Tax %
- 52
- Net Profit
- -8
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2021
- 426
- 364
- Operating Profit
- 63
- OPM %
- 15
- Other Income
- 1
- Interest
- 36
- Depreciation
- 15
- 12
- Tax %
- 32
- Net Profit
- 8
- EPS
- 0
- Dividend Payout %
- 45
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2022
- 469
- 381
- Operating Profit
- 95
- OPM %
- 20
- Other Income
- 7
- Interest
- 32
- Depreciation
- 16
- 47
- Tax %
- -28
- Net Profit
- 60
- EPS
- 0
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2023
- 616
- 550
- Operating Profit
- 69
- OPM %
- 11
- Other Income
- 3
- Interest
- 28
- Depreciation
- 16
- 26
- Tax %
- 192
- Net Profit
- -23
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2024
- 550
- 484
- Operating Profit
- 69
- OPM %
- 12
- Other Income
- 3
- Interest
- 30
- Depreciation
- 16
- 22
- Tax %
- 35
- Net Profit
- 14
- EPS
- 1
- Dividend Payout %
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2025
- 454
- 442
- Operating Profit
- 19
- OPM %
- 4
- Other Income
- 8
- Interest
- 34
- Depreciation
- 16
- -31
- Tax %
- -19
- Net Profit
- -37
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
TTM
- 351
- 382
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 35
- Depreciation
- 19
- -60
- Tax %
- 40
- Net Profit
- -36
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- -29%
- 3 Years:
- -30%
- 1 Year:
- -36%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 35 | 35 | 35 | 35 | 38 | 38 | 38 | 38 | 38 | 44 |
| 201 | 210 | 194 | 177 | 184 | 188 | 245 | 218 | 231 | 237 | |
| 226 | 217 | 265 | 254 | 239 | 247 | 242 | 255 | 272 | 359 | |
| Trade Payables | 27 | 14 | 27 | 113 | 62 | 67 | 94 | 61 | 98 | 46 |
| 122 | 93 | 104 | 141 | 148 | 173 | 137 | 154 | 161 | 132 | |
| Total Liabilities | 611 | 568 | 624 | 720 | 671 | 712 | 756 | 726 | 799 | 819 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 268 | 238 | 315 | 339 | 347 | 376 | 370 | 356 | 366 | 391 |
| Net Working Capital | 31 | -2 | 7 | 7 | 21 | 45 | 56 | 68 | -33 | -154 |
| Contingent Liabilities | 22 | 16 | 17 | 19 | 14 | 17 | 18 | 14 | 18 | 20 |
| Book Value per Share | 68.12 | 70.66 | 66.23 | 61.20 | 59.07 | 60.18 | 15.05 | 13.61 | 14.29 | 12.88 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 268 | 238 | 315 | 339 | 347 | 376 | 370 | 356 | 366 | 391 |
| Net Working Capital | 31 | -2 | 7 | 7 | 21 | 45 | 56 | 68 | -33 | -154 |
| Contingent Liabilities | 22 | 16 | 17 | 19 | 14 | 17 | 18 | 14 | 18 | 20 |
| Book Value per Share | 68.12 | 70.66 | 66.23 | 61.20 | 59.07 | 60.18 | 15.05 | 13.61 | 14.29 | 12.88 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2016
- Equity Capital
- 35
- 201
- 226
- Trade Payables
- 27
- 122
- Total Liabilities
- 611
- 244
- Capital Work in Progress
- 1
- 0
- 240
- 0
- Cash & Bank
- 52
- 74
- Total Assets
- 611
- Total Debt
- 268
- Net Working Capital
- 31
- Contingent Liabilities
- 22
- Book Value per Share
- 68.12
- Face Value
- 10.00
- Total Debt
- 268
- Net Working Capital
- 31
- Contingent Liabilities
- 22
- Book Value per Share
- 68.12
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 35
- 210
- 217
- Trade Payables
- 14
- 93
- Total Liabilities
- 568
- 241
- Capital Work in Progress
- 38
- 0
- 177
- 0
- Cash & Bank
- 13
- 99
- Total Assets
- 568
- Total Debt
- 238
- Net Working Capital
- -2
- Contingent Liabilities
- 16
- Book Value per Share
- 70.66
- Face Value
- 10.00
- Total Debt
- 238
- Net Working Capital
- -2
- Contingent Liabilities
- 16
- Book Value per Share
- 70.66
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 35
- 194
- 265
- Trade Payables
- 27
- 104
- Total Liabilities
- 624
- 272
- Capital Work in Progress
- 0
- 1
- 262
- 0
- Cash & Bank
- 7
- 83
- Total Assets
- 624
- Total Debt
- 315
- Net Working Capital
- 7
- Contingent Liabilities
- 17
- Book Value per Share
- 66.23
- Face Value
- 10.00
- Total Debt
- 315
- Net Working Capital
- 7
- Contingent Liabilities
- 17
- Book Value per Share
- 66.23
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 35
- 177
- 254
- Trade Payables
- 113
- 141
- Total Liabilities
- 720
- 264
- Capital Work in Progress
- 11
- 1
- 324
- 0
- Cash & Bank
- 2
- 117
- Total Assets
- 720
- Total Debt
- 339
- Net Working Capital
- 7
- Contingent Liabilities
- 19
- Book Value per Share
- 61.20
- Face Value
- 10.00
- Total Debt
- 339
- Net Working Capital
- 7
- Contingent Liabilities
- 19
- Book Value per Share
- 61.20
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 38
- 184
- 239
- Trade Payables
- 62
- 148
- Total Liabilities
- 671
- 288
- Capital Work in Progress
- 0
- 1
- 290
- 0
- Cash & Bank
- 8
- 83
- Total Assets
- 671
- Total Debt
- 347
- Net Working Capital
- 21
- Contingent Liabilities
- 14
- Book Value per Share
- 59.07
- Face Value
- 10.00
- Total Debt
- 347
- Net Working Capital
- 21
- Contingent Liabilities
- 14
- Book Value per Share
- 59.07
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 38
- 188
- 247
- Trade Payables
- 67
- 173
- Total Liabilities
- 712
- 282
- Capital Work in Progress
- 0
- 1
- 286
- 0
- Cash & Bank
- 49
- 94
- Total Assets
- 712
- Total Debt
- 376
- Net Working Capital
- 45
- Contingent Liabilities
- 17
- Book Value per Share
- 60.18
- Face Value
- 10.00
- Total Debt
- 376
- Net Working Capital
- 45
- Contingent Liabilities
- 17
- Book Value per Share
- 60.18
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 38
- 245
- 242
- Trade Payables
- 94
- 137
- Total Liabilities
- 756
- 300
- Capital Work in Progress
- 0
- 1
- 367
- 0
- Cash & Bank
- 13
- 75
- Total Assets
- 756
- Total Debt
- 370
- Net Working Capital
- 56
- Contingent Liabilities
- 18
- Book Value per Share
- 15.05
- Face Value
- 2.00
- Total Debt
- 370
- Net Working Capital
- 56
- Contingent Liabilities
- 18
- Book Value per Share
- 15.05
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 38
- 218
- 255
- Trade Payables
- 61
- 154
- Total Liabilities
- 726
- 298
- Capital Work in Progress
- 4
- 1
- 303
- 0
- Cash & Bank
- 3
- 117
- Total Assets
- 726
- Total Debt
- 356
- Net Working Capital
- 68
- Contingent Liabilities
- 14
- Book Value per Share
- 13.61
- Face Value
- 2.00
- Total Debt
- 356
- Net Working Capital
- 68
- Contingent Liabilities
- 14
- Book Value per Share
- 13.61
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 38
- 231
- 272
- Trade Payables
- 98
- 161
- Total Liabilities
- 799
- 287
- Capital Work in Progress
- 124
- 1
- 277
- 41
- Cash & Bank
- 1
- 69
- Total Assets
- 799
- Total Debt
- 366
- Net Working Capital
- -33
- Contingent Liabilities
- 18
- Book Value per Share
- 14.29
- Face Value
- 2.00
- Total Debt
- 366
- Net Working Capital
- -33
- Contingent Liabilities
- 18
- Book Value per Share
- 14.29
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 44
- 237
- 359
- Trade Payables
- 46
- 132
- Total Liabilities
- 819
- 276
- Capital Work in Progress
- 201
- 1
- 236
- 30
- Cash & Bank
- 10
- 64
- Total Assets
- 819
- Total Debt
- 391
- Net Working Capital
- -154
- Contingent Liabilities
- 20
- Book Value per Share
- 12.88
- Face Value
- 2.00
- Total Debt
- 391
- Net Working Capital
- -154
- Contingent Liabilities
- 20
- Book Value per Share
- 12.88
- Face Value
- 2.00
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 | 52 | -55 | 25 | 49 | 56 | 35 | 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 | |
| Free Cash Flow | 33 | 8 | -55 | 25 | 22 | 48 | 2 | 34 | 23 | -32 |
| OCF / Net Profit | 8.83 | 5.98 | 12.80 | -1.42 | -6.21 | 6.74 | 0.59 | -2.22 | 10.05 | -1.36 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 34 | 48 | 43 | 131 | 129 | 74 |
| OCF / Net Profit | 8.83 | 5.98 | 12.80 | -1.42 | -6.21 | 6.74 | 0.59 | -2.22 | 10.05 | -1.36 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 34 | 48 | 43 | 131 | 129 | 74 |
Mar 2016
- 39
- Cash from Investing
- -5
- Cash from Financing
- -2
- 32
- Free Cash Flow
- 33
- OCF / Net Profit
- 8.83
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 8.83
- Cumulative 5-Year FCF
- 0
Mar 2017
- 52
- Cash from Investing
- -45
- Cash from Financing
- -47
- -39
- Free Cash Flow
- 8
- OCF / Net Profit
- 5.98
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.98
- Cumulative 5-Year FCF
- 0
Mar 2018
- -55
- Cash from Investing
- -6
- Cash from Financing
- 56
- -5
- Free Cash Flow
- -55
- OCF / Net Profit
- 12.80
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 12.80
- Cumulative 5-Year FCF
- 0
Mar 2019
- 25
- Cash from Investing
- -18
- Cash from Financing
- -12
- -6
- Free Cash Flow
- 25
- OCF / Net Profit
- -1.42
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.42
- Cumulative 5-Year FCF
- 0
Mar 2020
- 49
- Cash from Investing
- -27
- Cash from Financing
- -16
- 6
- Free Cash Flow
- 22
- OCF / Net Profit
- -6.21
- Cumulative 5-Year FCF
- 34
- OCF / Net Profit
- -6.21
- Cumulative 5-Year FCF
- 34
Mar 2021
- 56
- Cash from Investing
- -9
- Cash from Financing
- -6
- 41
- Free Cash Flow
- 48
- OCF / Net Profit
- 6.74
- Cumulative 5-Year FCF
- 48
- OCF / Net Profit
- 6.74
- Cumulative 5-Year FCF
- 48
Mar 2022
- 35
- Cash from Investing
- -33
- Cash from Financing
- -38
- -36
- Free Cash Flow
- 2
- OCF / Net Profit
- 0.59
- Cumulative 5-Year FCF
- 43
- OCF / Net Profit
- 0.59
- Cumulative 5-Year FCF
- 43
Mar 2023
- 52
- Cash from Investing
- -18
- Cash from Financing
- -44
- -11
- Free Cash Flow
- 34
- OCF / Net Profit
- -2.22
- Cumulative 5-Year FCF
- 131
- OCF / Net Profit
- -2.22
- Cumulative 5-Year FCF
- 131
Mar 2024
- 146
- Cash from Investing
- -125
- Cash from Financing
- -22
- -1
- Free Cash Flow
- 23
- OCF / Net Profit
- 10.05
- Cumulative 5-Year FCF
- 129
- OCF / Net Profit
- 10.05
- Cumulative 5-Year FCF
- 129
Mar 2025
- 50
- Cash from Investing
- -83
- Cash from Financing
- 41
- 9
- Free Cash Flow
- -32
- OCF / Net Profit
- -1.36
- Cumulative 5-Year FCF
- 74
- OCF / Net Profit
- -1.36
- Cumulative 5-Year FCF
- 74
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.28 | 2.54 | -1.23 | -5.10 | -2.10 | 2.21 | 3.20 | -1.25 | 0.77 | -1.70 |
| Book Value (₹) | 68.12 | 70.66 | 66.23 | 61.20 | 59.07 | 60.18 | 15.05 | 13.61 | 14.29 | 12.88 |
| Dividend per Share (₹) | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.20 | 0.00 | 0.20 | 0.00 |
| Cash EPS (₹) | 0.91 | 1.18 | 0.52 | -0.25 | 0.36 | 1.23 | 4.03 | -0.40 | 1.62 | -0.96 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 8.94% | 14.84% | 12.80% | 8.41% | 10.56% | 14.69% | 20.26% | 11.20% | 12.04% | 2.57% |
| Net Margin % | 1.09% | 2.73% | -1.65% | -5.74% | -2.09% | 1.94% | 12.83% | -3.80% | 2.64% | -8.16% |
| ROE % | 1.88% | 3.66% | -1.80% | -8.00% | -3.64% | 3.70% | 23.66% | -8.71% | 5.53% | -13.49% |
| ROCE % | 5.10% | 7.35% | 3.90% | 2.28% | 4.50% | 8.18% | 12.66% | 8.40% | 8.48% | 0.49% |
| 0.71% | 1.49% | -0.72% | -2.62% | -1.13% | 1.20% | 8.20% | -3.16% | 1.90% | -4.58% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 15 | 37 | 56 | 43 | 31 | 24 | 24 | 22 | 28 | 28 |
| Inventory Days | 227 | 236 | 309 | 349 | 298 | 247 | 254 | 198 | 192 | 206 |
| Payable Days | 62 | 41 | 54 | 125 | 117 | 76 | 98 | 64 | 76 | 76 |
| 180 | 232 | 311 | 267 | 212 | 194 | 180 | 157 | 144 | 159 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.14x | 0.98x | 1.37x | 1.60x | 1.56x | 1.66x | 1.31x | 1.39x | 1.36x | 1.39x |
| Interest Coverage (x) | 1.39x | 1.46x | 0.96x | 0.34x | 0.60x | 1.34x | 2.46x | 1.93x | 1.73x | 0.09x |
| 1.09x | 0.99x | 1.02x | 1.02x | 1.06x | 1.12x | 1.14x | 1.20x | 0.92x | 0.69x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 21.50% | -15.38% | -21.90% | 29.10% | 29.33% | 15.16% | 9.92% | 31.52% | -10.83% | -17.42% |
| Operating Profit Growth % | 37.09% | 31.68% | -30.52% | -22.22% | 54.07% | 57.49% | 51.63% | -27.28% | -0.54% | -71.88% |
| Net Profit Growth % | 237.25% | 98.86% | -148.60% | -312.96% | 55.27% | 205.23% | 625.44% | -138.97% | 161.83% | -355.38% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 161.83% | -320.15% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 18.38x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.99x | 0.61x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.41% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 9.18x | 28.60x |
Mar 2016
- EPS (₹)
- 1.28
- Book Value (₹)
- 68.12
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 0.91
- Operating Margin %
- 8.94%
- Net Margin %
- 1.09%
- ROE %
- 1.88%
- ROCE %
- 5.10%
- 0.71%
- Debtor Days
- 15
- Inventory Days
- 227
- Payable Days
- 62
- 180
- Debt to Equity (x)
- 1.14x
- Interest Coverage (x)
- 1.39x
- 1.09x
- Revenue Growth %
- 21.50%
- Operating Profit Growth %
- 37.09%
- Net Profit Growth %
- 237.25%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 2.54
- Book Value (₹)
- 70.66
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.18
- Operating Margin %
- 14.84%
- Net Margin %
- 2.73%
- ROE %
- 3.66%
- ROCE %
- 7.35%
- 1.49%
- Debtor Days
- 37
- Inventory Days
- 236
- Payable Days
- 41
- 232
- Debt to Equity (x)
- 0.98x
- Interest Coverage (x)
- 1.46x
- 0.99x
- Revenue Growth %
- -15.38%
- Operating Profit Growth %
- 31.68%
- Net Profit Growth %
- 98.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -1.23
- Book Value (₹)
- 66.23
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.52
- Operating Margin %
- 12.80%
- Net Margin %
- -1.65%
- ROE %
- -1.80%
- ROCE %
- 3.90%
- -0.72%
- Debtor Days
- 56
- Inventory Days
- 309
- Payable Days
- 54
- 311
- Debt to Equity (x)
- 1.37x
- Interest Coverage (x)
- 0.96x
- 1.02x
- Revenue Growth %
- -21.90%
- Operating Profit Growth %
- -30.52%
- Net Profit Growth %
- -148.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -5.10
- Book Value (₹)
- 61.20
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.25
- Operating Margin %
- 8.41%
- Net Margin %
- -5.74%
- ROE %
- -8.00%
- ROCE %
- 2.28%
- -2.62%
- Debtor Days
- 43
- Inventory Days
- 349
- Payable Days
- 125
- 267
- Debt to Equity (x)
- 1.60x
- Interest Coverage (x)
- 0.34x
- 1.02x
- Revenue Growth %
- 29.10%
- Operating Profit Growth %
- -22.22%
- Net Profit Growth %
- -312.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -2.10
- Book Value (₹)
- 59.07
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.36
- Operating Margin %
- 10.56%
- Net Margin %
- -2.09%
- ROE %
- -3.64%
- ROCE %
- 4.50%
- -1.13%
- Debtor Days
- 31
- Inventory Days
- 298
- Payable Days
- 117
- 212
- Debt to Equity (x)
- 1.56x
- Interest Coverage (x)
- 0.60x
- 1.06x
- Revenue Growth %
- 29.33%
- Operating Profit Growth %
- 54.07%
- Net Profit Growth %
- 55.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 2.21
- Book Value (₹)
- 60.18
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 1.23
- Operating Margin %
- 14.69%
- Net Margin %
- 1.94%
- ROE %
- 3.70%
- ROCE %
- 8.18%
- 1.20%
- Debtor Days
- 24
- Inventory Days
- 247
- Payable Days
- 76
- 194
- Debt to Equity (x)
- 1.66x
- Interest Coverage (x)
- 1.34x
- 1.12x
- Revenue Growth %
- 15.16%
- Operating Profit Growth %
- 57.49%
- Net Profit Growth %
- 205.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 3.20
- Book Value (₹)
- 15.05
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 4.03
- Operating Margin %
- 20.26%
- Net Margin %
- 12.83%
- ROE %
- 23.66%
- ROCE %
- 12.66%
- 8.20%
- Debtor Days
- 24
- Inventory Days
- 254
- Payable Days
- 98
- 180
- Debt to Equity (x)
- 1.31x
- Interest Coverage (x)
- 2.46x
- 1.14x
- Revenue Growth %
- 9.92%
- Operating Profit Growth %
- 51.63%
- Net Profit Growth %
- 625.44%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -1.25
- Book Value (₹)
- 13.61
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.40
- Operating Margin %
- 11.20%
- Net Margin %
- -3.80%
- ROE %
- -8.71%
- ROCE %
- 8.40%
- -3.16%
- Debtor Days
- 22
- Inventory Days
- 198
- Payable Days
- 64
- 157
- Debt to Equity (x)
- 1.39x
- Interest Coverage (x)
- 1.93x
- 1.20x
- Revenue Growth %
- 31.52%
- Operating Profit Growth %
- -27.28%
- Net Profit Growth %
- -138.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 0.77
- Book Value (₹)
- 14.29
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 1.62
- Operating Margin %
- 12.04%
- Net Margin %
- 2.64%
- ROE %
- 5.53%
- ROCE %
- 8.48%
- 1.90%
- Debtor Days
- 28
- Inventory Days
- 192
- Payable Days
- 76
- 144
- Debt to Equity (x)
- 1.36x
- Interest Coverage (x)
- 1.73x
- 0.92x
- Revenue Growth %
- -10.83%
- Operating Profit Growth %
- -0.54%
- Net Profit Growth %
- 161.83%
- 161.83%
- P/E (x)
- 18.38x
- P/B (x)
- 0.99x
- Dividend Yield %
- 1.41%
- 9.18x
Mar 2025
- EPS (₹)
- -1.70
- Book Value (₹)
- 12.88
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.96
- Operating Margin %
- 2.57%
- Net Margin %
- -8.16%
- ROE %
- -13.49%
- ROCE %
- 0.49%
- -4.58%
- Debtor Days
- 28
- Inventory Days
- 206
- Payable Days
- 76
- 159
- Debt to Equity (x)
- 1.39x
- Interest Coverage (x)
- 0.09x
- 0.69x
- Revenue Growth %
- -17.42%
- Operating Profit Growth %
- -71.88%
- Net Profit Growth %
- -355.38%
- -320.15%
- P/E (x)
- 0.00x
- P/B (x)
- 0.61x
- Dividend Yield %
- 0.00%
- 28.60x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-15 - Vishwaraj Sugar Industries Limited has informed the Exchange about Copy of Newspaper Publication
- 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.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2021