Vishwaraj Sugar Industries
- Market cap
- ₹ 108 Cr.
- P/E
- 74.5x
- P/B
- 0.43x
- 52-week range
- 4.14 – 8.09
- ROE
- −11%
- ROCE
- −3%
- Dividend yield
- 0%
- Debt / equity
- 1.66
- Sector
- Agricultural Food & other Products
- Industry
- Sugar
- Listed on
- NSE, BSE
About
Vishwaraj Sugar Industries Limited is an India-based integrated sugar and other allied products manufacturing company. The Company’s operations comprise production of sugar, alcoholic spirits by distillation, including ethanol, blending and bottling of Indian-made foreign liquor (IMFL), vinegar and generation of power. Its segments include Sugar, Co-generation, Distillery, Vinegar, and IML. It operates a single-location sugar unit having licensed crushing capacity of approximately 11,000 tons of cane per day. It also manufactures other allied products like rectified spirits, extra-neutral spirits, natural alcohol vinegar, compost, carbon dioxide, and more. It also engaged in the generation of power for captive consumption as well as external sales. Its integrated unit processes sugarcane to produce sugar and the by-product bagasse is used to generate electricity for captive use and commercial sale, and molasses/sugarcane syrup is used to manufacture rectified spirit, ENA, and ethanol.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Sugar: 40 companies →Vishwaraj Sugar Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)74.5 against a typical 16.6: pricier than most peers (1st = cheapest).37th of 40
- Sales growth−19.5% against a typical +5.7% from a year earlier.32nd of 36
- Share price, 3 months−8.6% against a typical +3.3%.31st of 38
- Size₹ 107.8 Cr. market value against a typical ₹ 365.2 Cr. (1st = largest).29th of 36
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BB- to B- by 2 agencies- ICRA lowered its rating on 9 Jun 2026.
- ICRA and India Ratings expect things to get worse (negative outlook).
- The agencies don't fully agree: ICRA says BB-, India Ratings says B-.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND B-(NCO) | Negative | 6 Oct 2026 |
| ICRA | [ICRA]BB- | Negative | 9 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 6 Oct 2026 | Reaffirmed | IND B-(NCO) | — | India Ratings | ₹ 215 Cr. | |
| 9 Jun 2026 | ▼ Downgrade1 notch | [ICRA]BB → [ICRA]BB- | — | ICRA | ₹ 385 Cr. | |
| 27 Nov 2025 | Rating action | [ICRA]BB | — | ICRA | ₹ 385 Cr. | |
| 24 Nov 2025 | Rating action | IND B-(NCO) | — | India Ratings | ₹ 215 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 29 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 12 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 13 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 9 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 27 May 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 138 | 106 | 164 | 101 | 93 | 93 | 167 | 133 | 55 | 78 | 111 | 107 |
| Expenses | 139 | 63 | 141 | 108 | 104 | 76 | 154 | 141 | 62 | 78 | 106 | 118 |
| Operating Profit | −1 | 43 | 23 | −7 | −11 | 17 | 12 | −8 | −7 | −1 | 5 | −11 |
| OPM % | −1% | 41% | 14% | −7% | −12% | 19% | 7% | −6% | −12% | −0.7% | 4.5% | −10% |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 2 | 1 | 2 | 2 | 3 |
| Interest | 7 | 7 | 9 | 7 | 7 | 13 | 6 | 7 | 5 | 4 | 14 | 12 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 6 |
| Profit before tax | −11 | 33 | 10 | −17 | −22 | 1 | 8 | −16 | −14 | −7 | −13 | −26 |
| Tax % | 0% | 6% | 77% | 0% | 0% | 0% | 74% | 0% | 0% | 0% | −186% | 0% |
| Net Profit | −11 | 31 | 2 | −17 | −22 | 1 | 2 | −16 | −14 | −7 | 11 | −26 |
| EPS in Rs | −0.6 | 1.66 | 0.12 | −0.92 | −1 | 0.03 | 0.09 | −0.75 | −0.66 | −0.31 | 0.5 | −1.19 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 1%
- 5 Years
- −2%
- 3 Years
- −15%
- TTM
- −28%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −7%
- TTM
- −2%
- 10 Years
- —
- 5 Years
- −29%
- 3 Years
- −30%
- TTM
- —
- 10 Years
- −1%
- 5 Years
- −1%
- 3 Years
- −6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Vishwaraj Sugar Industries | ₹ 4.81 | ₹ 108 Cr. | 74.5x | 0.4x | −11% | — |
| Nestle India | ₹ 1,173.45 | ₹ 2,26,278 Cr. | 80.4x | 53.4x | 76.3% | 15.1% |
| Britannia Industries | ₹ 4,547.80 | ₹ 1,09,542 Cr. | 51.5x | 25.5x | 53.6% | 13.3% |
| Tata Consumer Products | ₹ 960.00 | ₹ 95,010 Cr. | 67.4x | 4.9x | 7.4% | 8.1% |
| Godrej Industries | ₹ 918.00 | ₹ 30,884 Cr. | 34.9x | 4x | 11.6% | 10.9% |
| Patanjali Foods | ₹ 351.00 | ₹ 38,193 Cr. | 18.9x | 2.8x | 14.8% | 4.5% |
Management
- Nikhil Umesh Katti
- Executive Chairman of the Board, Managing Director
- Sheshagiri H. Kulkarni
- Chief Financial Officer
- Priya Dedhia
- Chief Compliance Officer, Company Secretary
- Sneha Nitin Dev
- Whole-Time Directors
- Kush Ramesh Katti
- Whole-Time Director
- Mallikarjun Kadayya Pujar
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.