Vishwaraj Sugar Industries share price & results
- Jun 2026
- Jun 2026
Karnataka-based integrated sugar, ethanol and power co-generation manufacturer, also producing pharma-grade ethanol/sugar and natural alcohol vinegar.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 107 | −19.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -10.0 | −4.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -26.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | -13.48 | +3.0 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -1.70 | +5.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -27.78 | +0.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −40.1% 1Y
1Y: ₹8.07 on 24 Oct 2025 → ₹4.83. High ₹8.07 (24 Oct 2025), low ₹4.18 (30 Mar 2026).
- Previous close
- ₹4.76
- Market cap
- ₹113 Cr
- 52-week range
- ₹4.18 – ₹8.05
- One year
- −39.32%
- Return on equity (TTM to Jun 2026)
- -13.48%
Overview
- Symbol
- NSE:VISHWARAJ
- Exchange
- NSE
- Currency
- INR
What Vishwaraj Sugar Industries Limited does
Based on the company's own presentations, annual report and earnings calls.
Vishwaraj Sugar Industries operates a single integrated manufacturing complex at Bellad-Bagewadi, Karnataka that crushes sugarcane into sugar, distils molasses/sugarcane syrup into rectified spirit and anhydrous ethanol, co-generates power from bagasse, and ferments alcohol into natural brewed vinegar. Ethanol is sold mainly to Oil Marketing Companies for petrol blending, while sugar is sold to household and industrial (biscuit, confectionery, beverage) consumers; surplus power is sold to the grid under long-term agreements with Karnataka ESCOMs. The company has also developed a patented sugar/ethanol process enabling pharma-grade output for pharmaceuticals, nutraceuticals and personal-care customers, and separately leases out its Indian Made Liquor (IML) bottling facility to a third party.
Segments
- Sugar
- Ethanol / Distillery
- Co-generation / Power
- Vinegar
- IML leasing
- Sugarcane crushing capacity
- 11,000 MT/day
- Distillery (ethanol) capacity
- 250 KLPD (expanded from 100 KLPD)
- Co-generation (power) capacity
- 36.4 MW (two turbines: 14 MW + 22.4 MW)
- Vinegar manufacturing capacity
- 70,000 litres/day
- Sugar production capacity
- 1,320 MT/day
- Manufacturing plants
- 1 integrated sugar-ethanol-cogen-vinegar complex (Bellad-Bagewadi, Karnataka)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −62% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 93 | 93 | 167 | 133 | 55 | 78 | 111 | 107 |
| Expenses | 104 | 76 | 154 | 141 | 62 | 78 | 106 | 118 |
| Operating profit | -11 | 17 | 12 | -8 | -7 | -1 | 5 | -11 |
| Operating margin | −12.0% | 19.0% | 7.0% | −6.0% | −12.0% | −0.7% | 4.5% | −10.0% |
| Other income | 1 | 1 | 5 | 2 | 1 | 2 | 2 | 3 |
| Interest | 7 | 13 | 6 | 7 | 5 | 4 | 14 | 12 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 6 |
| Profit before tax | -22 | 1 | 8 | -16 | -14 | -7 | -13 | -26 |
| Tax rate | 0.0% | 0.0% | 74.0% | 0.0% | 0.0% | 0.0% | −186.0% | 0.0% |
| Net profit | -22 | 1 | 2 | -16 | -14 | -7 | 11 | -26 |
| EPS (₹ per share) | -1 | 0.03 | 0.09 | -0.75 | -0.66 | -0.31 | 0.50 | -1.19 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 617 | 550 | 454 | 377 |
| Expenses | 550 | 483 | 442 | 387 |
| Operating profit | 66 | 67 | 11 | -11 |
| Other income | 3 | 4 | 8 | 7 |
| Interest | 27 | 30 | 33 | 30 |
| Depreciation | 16 | 16 | 16 | 17 |
| Profit before tax | 26 | 23 | -30 | -50 |
| Net profit | -21 | 13 | -36 | -26 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 38 | 38 | 38 | 44 | 44 | 44 |
| Reserves | 245 | 218 | 231 | 237 | 206 | 209 |
| Borrowings | 370 | 356 | 366 | 391 | 307 | 421 |
| Other liabilities | 117 | 115 | 165 | 148 | 82 | 154 |
| Total liabilities | 770 | 726 | 799 | 819 | 639 | 828 |
| Fixed assets | 300 | 298 | 287 | 276 | 270 | 481 |
| Capital work in progress | 0 | 4 | 124 | 201 | 226 | 22 |
| Investments | 1 | 1 | 1 | 1 | 3 | 3 |
| Other assets | 469 | 423 | 387 | 340 | 140 | 323 |
| Total assets | 770 | 726 | 799 | 819 | 639 | 828 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 56 | 35 | 52 | 146 | 50 | 37 |
| Cash from investing | -9 | -33 | -18 | -125 | -83 | -45 |
| Cash from financing | -6 | -38 | -44 | -22 | 41 | 0 |
| Net cash flow | 41 | -36 | -11 | -1 | 8 | -7 |
| Free cash flow | 47 | 2 | 34 | 21 | -32 | -6 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 26 | 25 | 26 | 27 | 24 | 22 |
| Inventory days | 339 | 429 | 242 | 257 | 247 | 297 |
| Days payable | 79 | 110 | 49 | 91 | 49 | 121 |
| Cash conversion cycle | 286 | 344 | 219 | 193 | 222 | 198 |
| Working capital days | -4 | 33 | 39 | -23 | -32 | -100 |
| Return on capital employed | 8.0% | 13.0% | 8.0% | 9.0% | 0.0% | −3.0% |
| Dividend payout | 45.0% | 6.0% | −8.0% | 26.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Sugar contributes 56.4% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
- Sugar 56.4%
₹61.07 crore
- Distellary 39.6%
₹42.90 crore
- Co-generation 2.1%
₹2.23 crore
- Vinegar Unit 2.0%
₹2.16 crore
- Other <0.1%
₹<0.01 crore
- IML 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Sugar | 61.07 | 56.4% |
| Distellary | 42.90 | 39.6% |
| Co-generation | 2.23 | 2.1% |
| Vinegar Unit | 2.16 | 2.0% |
| Other | <0.01 | <0.1% |
| IML | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹108.35 crore
- Intersegment adjustment
- Not reported
- Net segment revenue
- ₹108.35 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Public hold 69.67% as of Jun 2026; institutions cut 0.74 pts since Mar 2026.
- Promoters 29.05%
- Foreign institutions 0.00%
- Domestic institutions 1.29%
- Government 0.00%
- Public 69.67%
Who is on the register
Named in the Jun 2026 filing
Every holder of Vishwaraj Sugar Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 11.73% | unchanged | |
| 3.05% | unchanged | |
| 2.98% | unchanged | |
| 2.89% | unchanged | |
| 2.63% | unchanged | |
| 2.62% | unchanged | |
| AIF | 1.29% | −0.74 pp |
| 1.05% | unchanged | |
| 1.03% | unchanged | |
| 0.58% | unchanged | |
| 0.46% | unchanged | |
| 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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