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Dwarikesh Sugar Industries share price & results

Dwarikesh Sugar Industries Limited· Fast Moving Consumer Goods

Results to
Jun 2026
Latest analysed call
Q3 FY25
Ownership as of
Sept 2026

Uttar Pradesh-based integrated sugar manufacturer running three cane-crushing plants that also produce ethanol/industrial alcohol and bagasse-based cogeneration power.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue358 ₹ crore−11.6% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin-7.0 %−8.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit-26.0 ₹ crore—Quarterly, as filedQuarter to Jun 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity1.59 %+1.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin8.71 %+5.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-4.85 %+23.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 5 judged targets kept · 5 open · verdicts reflect calls analysed to Q3 FY25.

Dwarikesh Sugar Industries Limited management guidance track record on Inve: 10 targets tracked across analysed earnings calls (2 achieved, 3 missed, 5 open).

TargetOriginal wordingSaidLatest callVerdict
Non-238 Variety % (Bareilly)about 65% replacement of variety 238 in FY25 seasonQ3 FY24Q3 FY25:this season, we expect a supply of non-0238 variety of about 64%
Call transcript, Q3 FY25 · 28 Jan 2025		Achieved
Ethanol Sales Volume FY2411 crore litersQ1 FY24Q3 FY25:Because of our crushing of season 2023-2024 coming to an early end... our quantity of industrial alcohol that we sold was only 30,570 kilo liters as against 73,262 kilo liters sold in the corresponding nine months' period last year.
Call transcript, Q3 FY25 · 28 Jan 2025		Missed
Ethanol Price IncreaseINR 4.5/L (juice), INR 3-3.5/L (B-heavy) increase 'shortly'
Call transcript, Q2 FY25 · 29 Oct 2024		Q2 FY25Q3 FY25:Yes, yes, we do expect increase in the price, it's on the anvil... I think it should happen any time now.
Call transcript, Q3 FY25 · 28 Jan 2025		Delayed

Source: Inve Guidance Tracker for Dwarikesh Sugar Industries Limited · to Q3 FY25

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Dwarikesh Sugar Industries Limited's 10 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 7 more targets are in the full ledger.

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Price

₹42.26 +1.15% · +₹0.48

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −6.1% 1Y

₹35.0₹40.0₹45.0₹50.0₹55.0Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26

1Y: ₹44.99 on 24 Oct 2025 → ₹42.26. High ₹55.38 (20 Aug 2026), low ₹32.53 (21 Jan 2026).

Previous close
₹41.78
Market cap
₹783 Cr
52-week range
₹32.53 – ₹55.38
One year
−6.11%
Price to earnings (TTM to Jun 2026)
60.23×
Return on equity (TTM to Jun 2026)
1.59%

Overview

Symbol
NSE:DWARKESH
Exchange
NSE
Currency
INR

What Dwarikesh Sugar Industries Limited does

Based on the company's own presentations, annual report and earnings calls.

Dwarikesh Sugar Industries operates three sugarcane crushing and processing plants in Uttar Pradesh (Dwarikesh Nagar and Dwarikesh Puram in Bijnor district, Dwarikesh Dham in Bareilly district) that crush cane sourced from a network of contracted farmers into sugar. The company integrates by-product streams from the crushing process into two attached distilleries that make industrial alcohol/ethanol (sold largely to oil marketing companies) and into bagasse-fired cogeneration units that generate power for captive use and sale of surplus power to the Uttar Pradesh state grid. Molasses not used internally is also sold externally.

Segments

  • Sugar
  • Distillery
  • Cogeneration
Manufacturing plants
3 (Dwarikesh Nagar & Dwarikesh Puram, Bijnor district; Dwarikesh Dham, Bareilly district), all in Uttar Pradesh
Aggregate sugar crushing capacity
21,500 TCD (tonnes of cane per day)
Cogeneration (power) capacity
94 MW installed (surplus ~54 MW exportable to state grid)
Distillery (ethanol) capacity
3,37,500 litres/day (162.5 KLPD at Dwarikesh Nagar + 175 KLPD at Dwarikesh Dham)
Sugarcane crushed
26.30 lakh tonnes (FY25)
Sugar produced
2.10 lakh tonnes (FY25)
Founded 1993Headquarters Dwarikesh Nagar, Dist. Bijnor, Uttar Pradesh, India (registered office & factory); corporate office in MumbaiEmployees 775 (FY25) Company website

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