Vishwaraj Sugar IND Ltd

NSE: VISHWARAJ · Sugar · sector

₹4.76NSE close 2026-10-26

Key numbers

Market cap₹104 cr

Price₹4.76

52w high / low₹8 / ₹4

P/E–Sector median 12.9x

P/B0.4xSector median 0.9x

Book value₹11.6

Dividend yield–Sector median 0.91%

ROE-13.5%Sector median 6.3%

ROCE-3.6%Sector median 6.8%

OPM-3.7%Sector median 6.0%

Debt / equity1.66xSector median 0.72x

EV/EBITDA–Sector median 11.8x

Interest cover-0.7x

Current ratio0.76x

Sales growth 3y-15.1%Sector median -1.4%

Profit growth 3y–Sector median -11.6%

PEG–

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 35 companies in Sugar (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹3 cr vs borrowings ₹421 cr (FY26): borrowings are higher by ₹418 cr.
Borrowings rose in each of the last 3 years (₹356 cr → ₹421 cr).
Operating profit covered interest -0.7x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 1 of the last 5 years (FY22).
Net loss in 5 of the last 8 quarters.
Revenue was higher than a year earlier in 0 of the last 4 quarters.
Dividend paid in 3 of the last 5 financial years.
Price ₹4.76 on 2026-10-26: -42.1% from the 52-week high, +15.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹20.36 · low ₹4.55

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	93	93	167	133	55	78	111	107
EBITDA	-11	17	12	-8	-7	-1	5	-11
OPM %	-12.0%	18.5%	7.5%	-5.7%	-12.1%	-0.7%	4.5%	-10.1%
Other income	1	1	5	2	1	2	2	3
Net profit	-22	1	2	-16	-14	-7	11	-26
EPS (₹)	-1.00	0.03	0.06	-0.75	-0.66	-0.31	0.53	-1.19
Revenue YoY					-40.7%	-16.7%	-33.4%	-19.5%
Profit YoY					–	-1,165.1%	+430.6%	–

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	469	616	550	454	377	351
EBITDA	93	66	66	12	-10	-13
Net profit	60	-23	14	-37	-28	-36
EPS (₹)	3.21	-1.24	0.78	-1.74	-1.26	-1.63
Revenue growth		+31.5%	-10.8%	-17.4%	-17.0%	-27.8%
Profit growth		-139.0%	–	-355.3%	–	–
Dividend / share (₹)	1.00	0.30	–	0.20	–

Compounded growth	3 years	5 years	Last 12 months
Sales	-15.1%	-2.4%	-27.8%
Net profit	–	–	–
EPS	–	–	–
Share price	–	-43.9% (2y)	-37.8%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	256	268	280	253
Borrowings	–	356	366	391	421
Cash & equivalents	–	3	1	10	3
Total assets	–	726	799	819	828
Fixed assets	–	298	287	276	481
Capital work in progress	–	4	124	201	22
Investments	–	1	1	0	3
Receivables	–	43	41	30	23
Inventory	–	303	277	236	251
Payables	–	61	98	46	102

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	35	52	146	50	37
Cash from investing	-33	-18	-125	-83	-45
Cash from financing	-38	-44	-22	41	0
Capex	33	0	126	0	0
Free cash flow	2	52	20	50	37

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	-9.2%	5.4%	-13.2%	-11.1%
ROCE %	–	8.7%	8.3%	0.5%	-3.3%
Debtor days	–	26	27	24	22
Inventory days	–	242	257	241	288
Payable days	–	49	91	47	117
Cash conversion cycle (days)	–	219	193	218	193
Working capital days	–	40	-22	-24	-97

Shareholding

Holder	% (2026-09-30)
Promoters	29.05%
Public (non-institutions)	70.95%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	29.05%	29.04%	29.05%	29.05%	29.05%	29.05%	29.05%	29.05%

Promoter group	%
Nikhil Umesh Katti	11.73%
Ramesh Vishwanath Katti	3.05%
Lava Ramesh Katti	2.98%
Jayashree Ramesh Katti	2.89%
Kush Ramesh Katti	2.63%
Sheela Umesh Katti	2.62%
Ravindra Shrikant Katti	1.05%
Sneha Nithin DEV	1.03%
Abhinandan Dhanapal Khemalapure	0.58%
Basavaraj S Uttur	0.46%
Ramesh Shiralkar	0.01%
Prasan Subhash Katti	0.01%
Satish Mahalingappa Ghuli	0.00%
Yuvaraj Chunamure	0.00%
Ghuli Suhas Mahaling	0.00%

1,43,816 shareholders. Pledged: 0.00% of promoter shares.

Peers in Sugar

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
BALRAMCHIN	₹13,212 cr	34.1x	3.2x	9.3%	8.1%	11.3%	+10.4%	0.53%
TRIVENI	₹4,979 cr	17.7x	1.5x	8.7%	8.3%	7.0%	+6.5%	1.75%
BANARISUG	₹4,029 cr	33.1x	2.1x	6.6%	7.3%	9.3%	-8.8%	0.39%
RENUKA	₹3,858 cr	–	–	–	-2.7%	0.3%	+0.5%	–
DALMIASUG	₹3,357 cr	16.5x	1.0x	6.3%	7.0%	10.8%	+3.6%	1.45%
BAJAJHIND	₹2,606 cr	12.9x	0.7x	2.9%	0.8%	4.8%	-4.9%	–
AVADHSUGAR	₹1,627 cr	24.7x	1.4x	5.9%	6.8%	8.2%	-1.3%	1.23%
UTTAMSUGAR	₹1,179 cr	13.6x	1.3x	10.4%	10.2%	9.3%	+2.3%	0.87%
DHAMPURSUG	₹1,095 cr	15.6x	0.9x	6.0%	6.8%	6.4%	-0.8%	0.02%
VISHWARAJ	₹104 cr	–	0.4x	-13.5%	-3.6%	-3.7%	-15.1%	–

All 35 companies in Sugar →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Sugar	₹249 cr	65.4%	₹-142 cr	-57.3%
Distilery	₹94 cr	24.8%	₹112 cr	119.1%
Co-generation	₹24 cr	6.4%	₹7 cr	30.5%
Vinegar Unit	₹13 cr	3.3%	₹9 cr	69.8%
Other	₹0 cr	0.1%	₹0 cr	0.0%
IML	₹0 cr	–	₹2 cr	–

Dividends & corporate actions

Ex-date	Action	Detail
2024-09-20	Dividend	Dividend - Rs 0.20 Per Share
2023-09-01	Other	Annual General Meeting
2023-02-21	Dividend	Interim Dividend - Rs 0.10 Per Share
2022-08-18	Dividend	Dividend - Re 0.20 Per Share
2021-10-21	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
2021-09-16	Dividend	Annual General Meeting/Dividend - Re 1 Per Share

Documents

Links go to the original files on the exchange website.

About the company


Sector	Fast Moving Consumer Goods
Industry	Sugar
Sub-industry	Sugar
Symbol	VISHWARAJ
BSE code	542852
ISIN	INE430N01022
Face value	₹2.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.