Dwarikesh Sugar Industries Limited Stock Price Today (NSE: DWARKESH)

Dwarikesh Sugar Industries Limited

DWARKESHSugar
53.94+9.30 (+20.83%)
Market Closed

Fundamental Score

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Dwarikesh Sugar Industries Limited Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Dwarikesh Sugar Industries Limited share price today is 53.94, up +20.83% on NSE/BSE as of 25 August 2026. Dwarikesh Sugar Industries Limited (DWARKESH) is a Small-cap company in the Sugar sector with a market capitalisation of 801.81 (Cr). The 52-week high for DWARKESH share price is 55.69 and the 52-week low is 32.13. At a P/E ratio of 55.33x, DWARKESH is currently trading above its industry average P/E of 17.09x. The company has a Return on Equity (ROE) of 3.77% and a debt-to-equity ratio of 0.40.

Dwarikesh Sugar Industries Limited Share Price Chart — NSE/BSE Historical Performance

No data
High
55.69
Low
36.07
Volume
18.3L
Change
+26.86%

Dwarikesh Sugar Industries Limited share price chart: 26.86% return over the past month. 52-week high ₹55.69, 52-week low ₹32.13.

Dwarikesh Sugar Industries Limited — Last 10 Trading Days

DateOpenHighLowCloseVolume
53.8355.6953.0153.9453.40L (Cr)
45.2446.9544.2144.6437.57L (Cr)
42.8544.4842.7142.9512.14L (Cr)
41.5043.8041.3042.8220.59L (Cr)
41.4842.2241.1341.566.83L (Cr)
42.1342.5041.5141.689.03L (Cr)
40.9642.5540.6942.2814.10L (Cr)
40.4941.4040.2540.874.67L (Cr)
40.6040.9039.8040.376.20L (Cr)
41.6042.1340.0740.319.55L (Cr)

Dwarikesh Sugar Industries Limited — Last 12 Months Price History

MonthOpenHighLowCloseChange
37.2855.6937.2853.94+44.69%
43.2646.3036.0737.04-14.38%
44.3047.0842.2143.31-2.23%
47.7853.0940.8044.14-7.62%
45.8749.7041.9146.96+2.38%
36.0048.4035.1445.92+27.56%
34.5038.6033.5537.30+8.12%
37.8438.0932.1335.24-6.87%
40.9841.5836.2037.73-7.93%
42.9943.7039.9940.98-4.68%
41.0846.2340.8143.35+5.53%
39.8046.8539.4541.08+3.22%

AI Research Briefing

Powered by Gemini · 2026-04-09

Small-cap sugar stock hinges on ethanol blending amid sector headwinds and faces brutal liquidity risk.

Research Confidence
6.0/10Moderate
MICRO-CAP DARK HORSEConsolidation: 1M: -7.08%, 3M: -10.69%, 6M: -17.24%Expensive: P/E of 49.8x vs Industry P/E of 13.17x

WHAT'S HAPPENING NOW (last 2-4 weeks)

Dwarikesh Sugar launched its second 'Saksham Niveshak' campaign from April 1 to July 9, 2026, to assist shareholders in claiming unclaimed dividends and completing KYC updates. The company submitted its initial disclosure as a Large Corporate entity under SEBI, reporting borrowings of Promoter Gautam Radheshyam Morarka increased his stake to 15.22% through market purchases on March 20, 2026.

CORE STORY (THE REAL GAME)

A small-cap sugar company navigating industry headwinds with a focus on ethanol blending and operational efficiency. The market is weighing promoter confidence against sector-specific risks and inconsistent long-term performance.

Why Now
  • Promoter buying increases confidence
  • Improved Q3FY26 results
  • Low debt-to-equity ratio
Potential Catalysts
  • Government policy changes on ethanol blending
  • Increase in sugar prices
  • Significant order wins
Key Risks
  • Micro-cap: liquidity risk
  • Negative long-term sales and profit growth
  • Dependence on volatile sugar prices
Institutional Activity

Promoter increased stake to 15.22%. FII decreased holdings by 0.16%. DII holdings remain at 0%.

Macro Context

LPG crisis and cooler weather may reduce India's sugar consumption by 400,000 tonnes.

Cash Flow Quality

Yes: Free Cash Flow 5Y: ₹681.3 Cr

3–6 Month Outlook

Monitor ethanol blending initiatives and sugar price trends. A sustained turnaround requires consistent profitability and revenue growth over the next 3-6 months.

Primary Thesis Risk

Reliance on favorable government policies and volatile sugar prices makes this a risky bet.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

3.77%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

5.85%

Returns generated on total capital deployed

Average

Oper. Profit Margin (5Y Avg)

10.56%

Average operating profit margin over 5 years

Dividend Yield

0.23%

Annual dividend as % of current share price

Dwarikesh Sugar Industries Limited Valuation Check

Poor

Price to Earnings (P/E)

55.33x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

17.09x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

42.10%

% shares held by company founders/management

Poor

FII Holding

1.01%

% shares held by foreign institutional investors

Poor

DII Holding

0.75%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

174.20%

Net profit growth vs same quarter last year

Poor

Revenue Growth (Quarterly YoY)

-11.67%

Revenue growth vs same quarter last year

Poor

Revenue Growth (5-Year CAGR)

-5.28%

Compounded annual revenue growth over 5 years

Poor

EPS Growth (5-Year CAGR)

-19.33%

Earnings per share growth over 5 years

Poor

Net Profit Growth (5-Year CAGR)

-19.56%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Good

Debt to Equity Ratio

0.40x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

3.88x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

525.77 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Dwarikesh Sugar Industries Limited Fundamental Analysis & Valuation Benchmarking

Educational evaluation of DWARKESH across key market metrics for learning purposes.

Positive Indicators

4 factors identified

Robust Profit Growth (174.20%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Healthy Liquidity Position (Current Ratio: 2.33)

Observation: Strong short-term liquidity to meet obligations.

Analysis: Current ratio >1.5 indicates good working capital management.

Strong Cash Generation (₹525.77 Cr over 5Y)

Observation: Healthy free cash flow generation supports growth and returns.

Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

8 factors identified

Below-Average Return on Equity (3.77%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Suboptimal ROCE (5.85%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Premium Valuation Risk (P/E: 55.33x)

Observation: High valuation multiples may limit upside potential.

Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.

Revenue Contraction (-11.67%)

Observation: Sales decline may indicate market challenges or competitive pressures.

Analysis: Negative revenue growth requires analysis of market conditions.

Limited Growth History (-5.28% CAGR)

Observation: Below-average 5-year sales growth trajectory.

Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.

Weak Earnings Growth (-19.33% CAGR)

Observation: Below-average 5-year EPS growth performance.

Analysis: Low EPS growth may not keep pace with inflation.

Stagnant Profit Growth (-19.56% CAGR)

Observation: Limited 5-year profit growth trajectory.

Analysis: Low profit growth may indicate scalability challenges or market maturity.

Limited Institutional Interest (FII+DII: 1.76%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

Dwarikesh Sugar Industries Limited vs Sugar Peers

Peer Comparison - Sugar

Compare Dwarikesh Sugar Industries Limited with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
29.2/100
54
₹801.81
55.3
Average
3.77%
Poor
5.85%
Poor
0.4
Excellent
-19.56%
Poor
-5.28%
Poor
0.23%
23.2/100
668
₹12465.77
79.1
Average
0.00%
Poor
12.05%
Average
0.8
Good
5.44%
Good
0.59%
19.6/100
293
₹10163.19
36.2
Average
8.33%
Poor
12.16%
Average
0.6
Good
-1.82%
Poor
10.13%
Good
0.60%
18.1/100
25
₹4801.86
-10.61%
Poor
-2.7
Excellent
10.17%
Good
0.00%
43.4/100
3900
₹4294.25
35.3
Average
8.01%
Poor
9.04%
Poor
0.0
Excellent
9.93%
Good
4.19%
Average
0.36%
0/100
23
₹4109.52
35.5
Average
3.15%
Poor
1.83%
Poor
0.9
Good
-3.93%
Poor
0.00%
27/100
470
₹2885.26
14.1
Average
7.31%
Poor
9.58%
Poor
0.6
Good
6.14%
Good
1.68%
36.7/100
160
₹1865.62
40.0
Average
17.26%
Good
14.37%
Average
0.7
Good
0.00%
17.8/100
806
₹1086.53
16.5
Average
5.15%
Poor
10.58%
Average
1.3
Average
1.88%
22.1/100
180
₹917.28
13.1
Average
5.54%
Poor
9.31%
Poor
0.7
Good
-22.25%
Poor
-7.88%
Poor
1.40%
36.8/100
323
₹882.40
10.3
Average
12.05%
Average
17.92%
Good
0.8
Good
10.91%
Good
3.90%
Average
1.08%

Dwarikesh Sugar Industries Limited PE Ratio History

Historical price-to-earnings ratio for DWARKESH — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 20251.26₹37.7329.9x
FY 20244.44₹55.8612.6x
FY 20235.56₹86.9015.6x
FY 20228.24₹105.1512.8x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Dwarikesh Sugar Industries Limited Dividend History

Annual cash dividends paid by DWARKESH — dividend yield 0.23%

Financial YearDividends Paid (₹ Cr)
FY 202337.66 Cr
FY 202223.54 Cr

Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.

Dwarikesh Sugar Industries Limited Quarterly Performance

Latest quarterly metrics for DWARKESH — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

-11.67%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

174.20%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

-5.28%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

-19.56%

Compounded annual net profit growth over 5 years

Dwarikesh Sugar Industries Limited Technical Indicators

SMA 50, SMA 200, RSI and volume signals for DWARKESH — calculated from daily price history

86RSI 14
Overbought — RSI 86

Momentum is strong — price may be stretched. Watch for pullbacks.

SMA 50
43
▲ Price above SMA 50 — Short-term bullish
SMA 200
41
▲ Price above SMA 200 — Long-term uptrend
30-Day Avg Volume
1390K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Dwarikesh Sugar Industries Limited Financial Statements

Annual income statement, balance sheet and cash flow for Dwarikesh Sugar Industries Limited (DWARKESH) — sourced from NSE/BSE filings.

Financial Results & Statements

Latest quarterly, annual and period-wise financial data for Dwarikesh Sugar Industries Limited

Loading latest quarterly results...

About DWARKESH (Dwarikesh Sugar Industries Limited)

Dwarikesh Sugar Industries Ltd is a well-known player in the Indian sugar industry, primarily focused on the production of sugar from sugarcane. Beyond its core sugar business, the... company has diversified into related segments, including the production of ethanol, a biofuel with growing demand, and the cogeneration of power using bagasse, a sugarcane byproduct. This diversification helps Dwarikesh optimize resource utilization and generate additional revenue streams. The company operates primarily in two key segments: sugar and allied products. The sugar segment involves the crushing of sugarcane to produce refined sugar, catering to both domestic and international markets. The allied products segment encompasses the production of ethanol and power, contributing to the company's overall profitability and sustainability. Dwarikesh strives to enhance operational efficiency and product quality across all its segments. Dwarikesh Sugar Industries holds a significant position within the competitive Indian sugar market. With its integrated approach and commitment to sustainable practices, the company aims to be a reliable supplier of sugar and ethanol. Dwarikesh focuses on strategic growth initiatives to further strengthen its market presence and create value for its stakeholders.

Company Details

Symbol:DWARKESH
Industry:Sugar
Sector:Sugar

Key Leadership

Mr. Gautam Radheshyam Morarka
Founder & Executive Chairman
Mr. Balkishan Jawarilal Maheshwari
MD, Director, Company Secretary & Chief Compliance Officer
Mr. Vijay Sitaram Banka
MD & Executive Director

DWARKESH Share Price: Frequently Asked Questions

What is the current share price of Dwarikesh Sugar Industries Limited?

Dwarikesh Sugar Industries Limited (DWARKESH) trades at ₹53.94 on NSE and BSE. Market cap ₹801.81 (Cr). Educational data only.

What is the P/E ratio of Dwarikesh Sugar Industries Limited?

Dwarikesh Sugar Industries Limited has a P/E of 55.33x vs industry average 17.09x.

What is the Bull Run score for Dwarikesh Sugar Industries Limited?

Dwarikesh Sugar Industries Limited has a Bull Run score of 29.2/100 based on 25+ financial parameters.

Does Dwarikesh Sugar Industries Limited pay dividends?

Dwarikesh Sugar Industries Limited has a dividend yield of 0.23%. Past dividends don't guarantee future payments.

What is the ROE of Dwarikesh Sugar Industries Limited?

Dwarikesh Sugar Industries Limited has ROE of 3.77%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Dwarikesh Sugar Industries Limited?

Dwarikesh Sugar Industries Limited has debt-to-equity of 0.40.

Is Dwarikesh Sugar Industries Limited a good investment?

Bull Run gives Dwarikesh Sugar Industries Limited a score of 29.2/100. This is not investment advice — consult a SEBI-registered advisor.