| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 257 | 246 | +4.3% |
| EBITDA | −14.6 | −41.3 | — |
| EBITDA margin | −5.7% | −16.8% | +11.1 pts |
| Profit before tax | −17.5 | −52.9 | — |
| Net profit | −13.1 | −32.6 | — |
| EPS | −₹0.71 | −₹1.76 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 796 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 54.5 | 13.3 | 82.3 | 0.8 | 0.7 | ||
| 334 | 334 | 503 | 451 | 371 | ||
| 1,075 | — | — | — | — | ||
| 1,365 | 1,402 | 1,359 | 1,710 | 2,103 | ||
| — | +3.2% | −20.5% | −18.7% | — | ||
| 83.9 | 86.9 | 113 | 205 | 215 | ||
| 6.1% | 6.2% | 8.4% | 12.0% | 10.2% | ||
| 56.4 | 50.1 | 64.5 | 152 | 164 | ||
| 34.0 | 30.8 | 23.3 | 83.5 | 105 | ||
| 2.5% | 2.2% | 1.7% | 4.9% | 5.0% | ||
| ₹1.83 | ₹1.66 | ₹1.26 | ₹4.51 | ₹5.66 | ||
| — | +32.1% | −72.1% | −20.3% | — | ||
| — | 129 | 60.7 | 13.4 | 314 | ||
| — | −7.0 | −12.4 | −50.8 | −98.7 | ||
| 122 | 122 | 48.3 | −37.4 | 215 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 795.9 | |
| - Cash, Equiv & ST Investments | 0.7 | 0.8 | 82.3 | 13.3 | 54.5 | |
| + Total Debt | 370.8 | 450.5 | 503.2 | 333.7 | 333.7 | |
| Enterprise Value | — | — | — | — | 1,075.0 | |
| Revenue | 2,103.0 | 1,709.6 | 1,358.9 | 1,401.9 | 1,365.3 | |
| Growth %, YoY | — | -18.7 | -20.5 | +3.2 | — | |
| EBITDA | 214.5 | 204.9 | 113.5 | 86.9 | 83.9 | |
| Margin % | 10.20 | 11.99 | 8.35 | 6.20 | 6.15 | |
| EBIT | 164.3 | 152.4 | 64.5 | 50.1 | 56.4 | |
| Net Income | 104.8 | 83.5 | 23.3 | 30.8 | 34.0 | |
| Margin % | 4.98 | 4.89 | 1.72 | 2.20 | 2.49 | |
| EPS, Adj (current shares) | 5.66 | 4.51 | 1.26 | 1.66 | 1.83 | |
| Growth %, YoY | — | -20.3 | -72.1 | +32.1 | — | |
| Cash from Operations | 313.9 | 13.4 | 60.7 | 129.1 | — | |
| Capital Expenditures | -98.7 | -50.8 | -12.4 | -7.0 | — | |
| Free Cash Flow | 215.2 | -37.4 | 48.3 | 122.1 | 122.1 | |
Prices at the previous close · figures from the company's filings with NSE
Dwarikesh Sugar Industries (NSE: DWARKESH) had a market capitalisation of ₹796 crore at the previous close (₹42.95 a share), a PE ratio of 23.4 on the last four quarters' profit and a price-to-book ratio of 1.01. In FY26 its consolidated net profit was ₹30.8 crore on revenue of ₹1,402 crore; in Q2 FY27 (July–September 2026) it was a loss of ₹13.1 crore. Its debt-to-equity ratio was 0.15 on 30 September 2026. Promoters held 42.14% of the shares on 30 September 2026.
Dwarikesh Sugar Industries' PE ratio is 23.4 at the previous close (₹42.95 a share): a market capitalisation of ₹796 crore divided by consolidated net profit of ₹34 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹30.8 crore) it is 25.8.
Dwarikesh Sugar Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹788 crore on 30 September 2026, up 4.4% from ₹755 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹796 crore at the previous close.
Dwarikesh Sugar Industries' book value per share was ₹42.53 on 30 September 2026: shareholders' equity of ₹788 crore divided by the 18.53 crore shares in issue, up 4.4% from ₹40.74 a year earlier. The share price at the previous close was ₹42.95.
Dwarikesh Sugar Industries' price-to-book (PB) ratio is 1.01 at the previous close: a market capitalisation of ₹796 crore divided by shareholders' equity (book value) of ₹788 crore on 30 September 2026. That is a book value of ₹42.53 per share against a share price of ₹42.95.
In FY26, Dwarikesh Sugar Industries' return on equity (ROE) was 3.8% and its return on capital employed (ROCE) was 5.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 2.9% and ROCE 6.4%.
Dwarikesh Sugar Industries' dividend yield is 0.23% at the previous close: dividends of ₹0.10 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹42.95. They were ₹0.10 on 30 July 2026.
Dwarikesh Sugar Industries' market capitalisation was ₹796 crore at the previous close: 18.53 crore shares at ₹42.95 each.
No. Dwarikesh Sugar Industries had borrowings of ₹117 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.15. Its cash and current investments were ₹347 crore, so it held net cash of ₹229 crore.
Dwarikesh Sugar Industries' basic earnings per share (EPS) were ₹1.66 in FY26, against ₹1.26 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹1.83.
Dwarikesh Sugar Industries' debt-to-equity ratio was 0.15 on 30 September 2026: borrowings of ₹117 crore against total equity of ₹788 crore. A year earlier, on 30 September 2025, it was 0.23.
Promoters held 42.14% of Dwarikesh Sugar Industries on 30 September 2026, unchanged from the previous quarter and up 0.04 percentage points from 42.10% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Dwarikesh Sugar Industries generated ₹129 crore of cash from operations and spent ₹7 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹122 crore. In FY25 it was ₹48.3 crore.
In 2026, Dwarikesh Sugar Industries has declared one dividend: ₹0.10 with record date 30 July 2026.
Dwarikesh Sugar Industries' latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net loss ₹13.1 crore, narrower than the loss of ₹32.6 crore in Q2 FY26; revenue from operations ₹257 crore, up 4.3% year on year.
In FY26 (April 2025–March 2026), Dwarikesh Sugar Industries' consolidated net profit was ₹30.8 crore, up 32.1% from ₹23.3 crore in FY25, on revenue from operations of ₹1,402 crore (up 3.2%). Over three years, from FY23, net profit was down 70.6%.
On 30 September 2026, Dwarikesh Sugar Industries' shares were held by promoters 42.14%, foreign portfolio investors (FII/FPI) 1.01%, domestic institutions (DII) 0.10% and retail and other non-institutional investors 56.60%. Over the year, FII holding was down 0.73 percentage points from 1.74% and DII holding was up 0.10 percentage points from 0.00%.
Dwarikesh Sugar Industries has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, Dwarikesh Sugar Industries earned net profit of ₹30.8 crore on revenue of ₹1,402 crore, against ₹25.2 crore on ₹3,133 crore for Dhampur Bio Organics. Dwarikesh Sugar Industries' operating margin was 3.6% (Dhampur Bio Organics 2.3%) and its return on equity 3.8% (Dhampur Bio Organics 2.5%).
On FY26 consolidated figures, against Dhampur Bio Organics, Magadh Sugar & Energy and ZUARI INDUSTRIES: Dwarikesh Sugar Industries' operating margin of 3.6% is the third highest of the four (Dhampur Bio Organics 2.3%, Magadh Sugar & Energy 9.4%, ZUARI INDUSTRIES 3.9%; peer average 5.2%); its return on equity of 3.8% is the second highest of the four (Dhampur Bio Organics 2.5%, Magadh Sugar & Energy 7.4%, ZUARI INDUSTRIES 2.5%; peer average 4.1%); its revenue growth over three years of −12.6% a year is the lowest of the four (Dhampur Bio Organics 5.7% a year, Magadh Sugar & Energy 9.3% a year, ZUARI INDUSTRIES 3.0% a year; peer average 6.0% a year).
From Dwarikesh Sugar Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.