Dwarikesh Sugar Industries Ltd.

BSE: DWARKESH532610ISIN INE366A01041

Fast Moving Consumer Goods
Sugar
BSE Fast Moving Consumer Goods

Share price

₹43.58+1.40 (+3.32%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹59.89
52W low: ₹32.14
Off 52W high: -27.23%
1M return: -0.98%
3M return: +7.90%
6M return: -12.17%
1Y return: +3.29%
20D avg volume: 1,25,174
50 DMA: ₹45.33
200 DMA: ₹42.56

Key ratios Standalone

Market cap: ₹807.54 Cr
Current price: ₹43.58
52W high / low: ₹59.89 / ₹32.14
Face value: ₹1.00
P/E: 23.81
P/B: 1.08
EPS (TTM): ₹1.83
Book value / share: ₹40.35
ROE: 4.54%
ROCE: 5.90%
Operating margin: -3.53%
Net margin: -5.11%
Debt / equity: 0.40
Net debt: ₹320.61 Cr
Interest cover: 3.88
Dividend yield: 0.23%
Dividend / share (TTM): ₹0.10
Payout: 5.46%
Cash conversion cycle: 186.8 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	256.59	358.13	425.43	325.12	245.93	405.47	458.85	312.72	246.06	341.25	379.94	312.91
	5.52	1.94	1.31	3.04	2.30	0.50	0.22	3.68	1.94	0.60	2.12	6.05
	262.11	360.07	426.74	328.16	248.24	405.97	459.07	316.39	248.01	341.86	382.06	318.96
	279.63	394.45	345.04	301.36	301.18	419.00	371.44	300.54	284.05	356.84	326.26	304.79
	0.68	0.93	548.82	456.50	0.49	21.31	572.58	456.00	0.68	2.24	570.74	479.63
	0.47	4.07	2.16	0.55	0.56	5.23	2.19	0.19	0.65	6.23	2.49	0.19
	25.74	24.89	27.50	33.10	25.96	25.42	28.46	33.24	25.02	23.72	30.82	34.41
	1.04	2.98	6.19	1.43	1.75	5.39	7.68	2.62	2.65	5.58	6.86	4.26
	7.43	7.63	-0.01	12.45	12.24	12.06	11.89	12.41	12.32	12.30	12.64	13.59
	26.19	21.43	22.21	29.22	25.56	27.22	27.17	24.65	25.40	24.85	23.16	34.27
	-17.52	-34.38	81.70	26.79	-52.94	-13.03	87.63	15.86	-36.04	-14.99	55.80	14.17
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	-17.52	-34.38	81.70	26.79	-52.94	-13.03	87.63	15.86	-36.04	-14.99	55.80	14.17
	-4.40	8.64	24.29	11.36	-20.32	-3.65	41.30	5.13	12.05	5.26	32.91	4.37
	-13.12	-25.73	57.41	15.44	-32.62	-9.38	46.33	10.73	-24.00	-9.73	22.89	9.81
	-0.71	-1.39	3.10	0.83	-1.76	-0.51	2.50	0.58	-1.29	-0.52	1.22	0.52
Key metrics
	-9.05	-23.77	87.88	40.67	-38.95	4.42	107.20	30.89	-21.07	2.89	75.30	32.02
	-3.50%	-6.60%	20.70%	12.50%	-15.80%	1.10%	23.40%	9.90%	-8.60%	0.80%	19.80%	10.20%
	-5.10%	-7.20%	13.50%	4.70%	-13.30%	-2.30%	10.10%	3.40%	-9.80%	-2.90%	6.00%	3.10%
	-1.80%	—	9.00%	—	-5.70%	—	9.70%	—	—	—	—	—
	4.30%	-11.70%	-7.30%	4.00%	-0.10%	18.80%	20.80%	-0.10%	—	—	—	—
	59.80%	-174.30%	23.90%	43.90%	-35.90%	3.60%	102.40%	9.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,365	1,402	1,359	1,710	2,103	1,974
	11.81	7.15	6.44	11.67	14.04	3.17
	1,377	1,409	1,365	1,721	2,117	1,977
	1,320	1,367	1,313	1,577	1,964	1,759
	1,007	1,027	1,032	1,426	1,424	1,372
	7.25	8.50	7.95	11.12	8.97	—
	111.23	111.98	110.44	118.51	118.03	96.30
	11.64	14.77	18.52	20.13	25.85	31.66
	27.50	36.74	48.93	52.50	50.24	43.63
	99.05	104.21	102.07	126.88	137.21	111.71
	56.59	42.52	52.46	143.99	152.51	218.68
	0.00	0.00	0.00	—	—	—
	56.59	42.52	52.46	143.99	152.51	218.68
	39.89	11.68	29.12	60.47	47.70	63.46
	34.00	30.84	23.34	83.52	104.81	155.22
	1.83	1.66	1.26	4.44	5.57	8.24
Key metrics
	95.73	94.03	119.91	216.62	228.60	293.97
	7.01%	6.70%	8.80%	12.70%	10.90%	14.90%
	2.49%	2.20%	1.70%	4.90%	5.00%	7.90%
	—	5.90%	7.20%	—	—	—
	-4.05%	3.20%	-20.50%	-18.70%	6.50%	—
	125.76%	32.10%	-72.10%	-20.30%	-32.50%	—
	—	122.08	48.26	—	—	—
	—	4.19	2.60	—	—	—
	—	0.40	0.62	—	—	—
	—	320.61	421.18	—	—	—
	—	186.8	209.7	—	—	—
Balance sheet
	—	1,298	1,463	—	—	—
	—	760.05	906.27	—	—	—
	—	13.09	82.02	—	—	—
	—	49.88	61.76	—	—	—
	—	677.83	750.66	—	—	—
	—	13.03	10.58	—	—	—
	—	525.78	543.44	—	—	—
	—	10.29	31.78	—	—	—
	—	325.68	476.98	—	—	—
	—	333.70	503.20	—	—	—
	—	278.12	410.57	—	—	—
	—	55.58	92.63	—	—	—
	—	828.71	806.22	—	—	—
Cash flow
	—	129.12	60.68	—	—	—
	—	-3.69	-6.55	—	—	—
	—	-194.36	27.33	—	—	—
	—	7.04	12.42	—	—	—

Compounded growth

Sales CAGR 3Y: -12.64%
Sales CAGR 5Y: —
Profit CAGR 3Y: -33.49%
Profit CAGR 5Y: —
Sales YoY (TTM): -4.05%
Profit YoY (TTM): +125.76%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 42.14%

Quarter	September 2026	June 2026
Promoter %	42.14%	42.14%

Holder	Type	Holding	Previous	Change
GAUTAM RADHESHYAM MORARKA	Promoter	15.22%	15.22%	0.00%
DWARIKESH TRADING COMPANY LTD	Promoter Group	13.94%	13.94%	0.00%
MORARKA FINANCE LTD	Promoter Group	11.47%	11.47%	0.00%
PRANAY GAUTAM MORARKA	Promoter Group	0.66%	0.66%	0.00%
SMRITI GAUTAM MORARKA	Promoter Group	0.53%	0.53%	0.00%
PRIYANKA GAUTAM MORARKA	Promoter Group	0.27%	0.27%	0.00%
GAUTAM R MORARKA HUF	Promoter Group	0.03%	0.03%	0.00%
MORARKA TRADING PRIVATE LIMITED	Promoter Group	0.02%	0.02%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
BALRAMPUR CHINI MILLS LTD	14,260	673.80	38.43	11.10%	+14.99% TTM	-11.31% TTM	+49.75%
Triveni Engineering & Industries Ltd	5,420	245.95	15.82	11.90%	+2.09% TTM	+35.30% TTM	-31.33%
Bajaj Hindusthan Sugar Limited	4,497	18.81	38.95	1.90%	-1.93% TTM	+187.63% TTM	-14.31%
Bannari Amman Sugars Ltd. S	4,326	3,450.05	35.53	8.80%	-7.59% TTM	+7.28% TTM	-3.69%
Shree Renuka Sugars Ltd.	3,940	18.51	-6.51	-16.90%	-9.05% TTM	+18.64% TTM	-36.70%
Dalmia Bharat Sugar and Industries Ltd S	3,917	483.95	15.40	9.80%	-5.07% TTM	-24.81% TTM	+40.95%
AVADH SUGAR & ENERGY LIMITED S	1,793	895.60	27.18	10.30%	+4.23% TTM	-6.90% TTM	+110.36%
Uttam Sugar Mills Ltd	1,403	367.90	15.43	17.60%	-5.00% TTM	-17.08% TTM	+50.22%
Dhampur Sugar Mills Ltd.	1,096	170.50	15.55	9.20%	+4.94% TTM	+36.33% TTM	+26.30%
Dhampur Bio Organics Limited	874	131.60	10.40	7.90%	+15.13% TTM	+1,230.15% TTM	+65.83%
Dwarikesh Sugar Industries Ltd. S	808	43.58	23.81	5.90%	-4.05% TTM	+125.76% TTM	+3.29%
Magadh Sugar & Energy Limited S	806	572.10	15.79	10.70%	-5.70% TTM	-48.02% TTM	+5.17%
Zuari Industries Limited	715	239.95	6.72	2.80%	+9.70% TTM	+273.55% TTM	-25.52%
Mawana Sugars Ltd	625	159.80	22.70	13.40%	+8.61% TTM	-72.58% TTM	+83.61%
DCM Shriram Industries Ltd.	532	61.20	—	17.10%	-3.72% TTM	-50.02% TTM	—
Ugar Sugar Works Ltd.	476	42.35	—	—	+24.78% TTM	+17.47% TTM	+0.02%
K. M. Sugar Mills Ltd.	305	33.11	6.33	20.60%	-8.26% TTM	+15.48% TTM	+19.79%
Ponni Sugars (Erode) Ltd. S	293	340.95	5.18	14.80%	+28.11% TTM	+200.80% TTM	+13.57%
K C P SUGAR AND INDUSTRIES CORPORATION LTD.	288	25.36	7.52	4.40%	-0.91% TTM	+285.71% TTM	-17.26%
SBEC Sugar Ltd.	285	59.85	5.30	24.30%	-13.40% TTM	+266.59% TTM	+91.28%
Sakthi Sugars Ltd. S	201	16.93	7.33	15.50%	+16.25% TTM	+30.65% TTM	-17.01%
Rana Sugars Ltd. S	186	12.11	0.73	8.90%	+215.30% TTM	+596.29% TTM	-16.37%
Oswal Overseas Ltd S	149	115.15	-17.29	-61.40%	-92.67% TTM	+30.87% TTM	+38.50%
Dollex Agrotech Limited	143	35.85	—	—	—	—	—
Dhampure Speciality Sugars Ltd.	135	154.85	20.42	17.40%	+43.59% TTM	+60.14% TTM	+68.83%

Filings & corporate actions

Recent announcements

As per attachment3 Nov 2026 · Company Update / Newspaper Publication
As per attachment30 Oct 2026 · Company Update / Newspaper Publication
As per attachment29 Oct 2026 · Company Update / Investor Presentation
As Per attachment29 Oct 2026 · Company Update / Press Release / Media Release
As per attachment29 Oct 2026 · Corp. Action / Record Date
As per attachment29 Oct 2026 · Result / Financial Results
We hereby inform you that pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Meeting of the Board ....29 Oct 2026 · Board Meeting / Outcome of Board Meeting
Dwarikesh Sugar Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2026 ,inter alia, to consider and approve Dear Sir, We ....21 Oct 2026 · Board Meeting / Board Meeting
As per attachment5 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As Per attachment24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
As Per attachment23 Sep 2026 · Company Update / Credit Rating
As per Attachement7 Sep 2026 · Company Update / Newspaper Publication
As Per attachment24 Aug 2026 · Company Update / General
The Exchange has sought clarification from Dwarikesh Sugar Industries Ltd on August 21, 2026 with reference to significant movement in price, in order to ensure that investors have latest ....21 Aug 2026 · Company Update / Clarification
Scrutinizer''s Report for 32nd Annual General Meeting.6 Aug 2026 · AGM/EGM / AGM
Voting Results and Scrutinizer Report for 32nd AGM .6 Aug 2026 · AGM/EGM / AGM
As Per Attachment6 Aug 2026 · Company Update / Change in Management
Please find enclosed the Outcome and Summary of Proceeding of the 32nd AGM of the Company held on Thursday, 6th August, 2026. kindly take the same on record.6 Aug 2026 · AGM/EGM / AGM
As Per attachment29 Jul 2026 · Company Update / Newspaper Publication
As per attachment28 Jul 2026 · Company Update / Investor Presentation
As Per Attachment28 Jul 2026 · Company Update / Press Release / Media Release
As Per attachment28 Jul 2026 · Result / Financial Results
Dear Sir, We wish to inform you that pursuant to Regulation 30 (read with Part A of Schedule III) and Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, ....28 Jul 2026 · Board Meeting / Outcome of Board Meeting
Dwarikesh Sugar Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/07/2026 ,inter alia, to consider and approve We wish to inform ....21 Jul 2026 · Board Meeting / Board Meeting
As per attachment11 Jul 2026 · Company Update / Newspaper Publication
As per attachment10 Jul 2026 · Company Update / General
As per attachment10 Jul 2026 · Others / Reg. 34 (1) Annual Report
As per attachment10 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
As per attachment10 Jul 2026 · AGM/EGM / AGM
As per attachment4 Jul 2026 · Company Update / Newspaper Publication
As per attachment3 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per attachment2 Jul 2026 · Company Update / Newspaper Publication
As per Annexure24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
As per attachment25 May 2026 · Company Update / Credit Rating
As per attachment19 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
As per attachment15 May 2026 · Company Update / Newspaper Publication
As per attachment14 May 2026 · Company Update / Investor Presentation
As per attachment14 May 2026 · Company Update / Press Release / Media Release
As per attachment14 May 2026 · Corp. Action / Record Date
As per attachment14 May 2026 · Corp. Action / Book Closure

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.1000	30 Jul 2026	30 Jul 2026	—
Final Dividend - Rs. - 0.5000	12 Aug 2025	12 Aug 2025	—

Board meetings

29 Oct 2026 Board Meeting - Financial Results
28 Jul 2026 Board Meeting - Financial Results