Vishwaraj Sugar Industries Ltd

₹ 5.68 0.00%

29 May - close price

About

Incorporated in 1995, Vishwaraj Sugar Industries Ltd does production and sale of sugar, alcoholic spirits by distillation including ethanol, blending and bottling of Indian made foreign liquor, vinegar and generation of power^[1]

Key Points

Business Overview:^[1]
VSIL is an integrated sugar manufacturing company operating from Belgaum District in Karnataka, which is designated as one of the High Recovery zones for sugar production by Government of India. It is also engaged in the generation of Power for captive consumption as well as external sale through its by-product bagasse

Website BSE NSE

Market Cap ₹ 124 Cr.
Current Price ₹ 5.68
High / Low ₹ 11.9 / 4.10
Stock P/E
Book Value ₹ 11.6
Dividend Yield 0.00 %
ROCE -3.28 %
ROE -10.6 %
Face Value ₹ 2.00

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Pros

Stock is trading at 0.49 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -2.38% over past five years.
Promoter holding is low: 29.0%
Company has a low return on equity of -6.25% over last 3 years.
Company might be capitalizing the interest cost
Promoter holding has decreased over last 3 years: -4.64%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Fast Moving Consumer Goods Fast Moving Consumer Goods Agricultural Food & other Products Sugar

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Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	199	142	138	106	164	101	93	93	167	133	55	78	111
	187	140	139	63	141	108	104	76	154	141	62	78	106
Operating Profit	12	2	-1	43	23	-7	-11	17	12	-8	-7	-1	5
OPM %	6%	1%	-1%	41%	14%	-7%	-12%	19%	7%	-6%	-12%	-1%	4%
	1	1	1	1	1	1	1	1	5	2	1	2	2
Interest	6	7	7	7	9	7	7	13	6	7	5	4	14
Depreciation	4	4	4	4	4	4	4	4	4	4	4	4	5
Profit before tax	3	-9	-11	33	10	-17	-22	1	8	-16	-14	-7	-13
Tax %	1,661%	0%	0%	6%	77%	0%	0%	0%	74%	0%	0%	0%	-186%
	-46	-9	-11	31	2	-17	-22	1	2	-16	-14	-7	11
EPS in Rs	-2.45	-0.49	-0.60	1.66	0.12	-0.92	-1.00	0.03	0.09	-0.75	-0.66	-0.31	0.50
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Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	276	335	284	222	285	362	425	467	611	546	452	377
	256	305	238	198	259	323	363	374	545	479	440	387
Operating Profit	19	31	46	24	26	38	62	93	66	67	12	-10
OPM %	7%	9%	16%	11%	9%	11%	15%	20%	11%	12%	3%	-3%
	9	9	1	10	0	1	0	2	3	2	8	6
Interest	18	21	25	21	36	42	36	32	28	30	34	30
Depreciation	10	11	12	13	13	15	15	16	16	16	16	18
Profit before tax	0	7	10	-1	-24	-17	12	47	26	22	-31	-52
Tax %	1,559%	37%	42%	395%	-26%	-52%	32%	-28%	192%	35%	19%	-46%
	-3	4	6	-4	-18	-8	8	60	-23	14	-37	-28
EPS in Rs	-0.19	0.26	0.35	-0.25	-1.02	-0.42	0.44	3.20	-1.25	0.77	-1.70	-1.29
Dividend Payout %	0%	78%	0%	0%	0%	0%	45%	6%	-8%	26%	0%	0%

Compounded Sales Growth
10 Years:	1%
5 Years:	-2%
3 Years:	-15%
TTM:	-17%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-7%
TTM:	24%

Stock Price CAGR
10 Years:	%
5 Years:	-28%
3 Years:	-32%
1 Year:	-42%

Return on Equity
10 Years:	-1%
5 Years:	-1%
3 Years:	-6%
Last Year:	-11%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	35	35	35	35	35	38	38	38	38	38	44	44
Reserves	201	201	198	194	177	184	188	245	218	231	237	209
	159	172	238	315	339	347	376	370	356	366	391	421
	231	203	72	81	169	103	110	117	115	165	148	154
Total Liabilities	625	610	543	624	720	672	712	770	726	799	819	828
	246	244	241	272	264	288	282	300	298	287	276	481
CWIP	5	1	38	0	11	0	0	0	4	124	201	22
Investments	0	0	0	1	1	1	1	1	1	1	1	3
	374	365	264	352	443	382	429	469	423	387	340	323
Total Assets	625	610	543	624	720	672	712	770	726	799	819	828

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	31	55	62	-55	25	49	56	35	52	146	50
	-50	-6	-45	-6	-18	-27	-9	-33	-18	-125	-83
	28	-18	-55	56	-12	-16	-6	-38	-44	-22	41
Net Cash Flow	9	31	-39	-5	-6	6	41	-36	-11	-1	8
Free Cash Flow	-18	49	16	-61	7	22	47	2	34	21	-32
CFO/OP	162%	179%	137%	-222%	99%	128%	93%	39%	79%	227%	431%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	16	19	57	56	49	26	26	25	26	27	24	22
Inventory Days	448	337	348	689	580	387	339	429	242	257	241	288
Days Payable	5	6	27	71	202	83	79	110	49	91	47	117
Cash Conversion Cycle	458	351	377	674	428	330	286	344	219	193	217	193
Working Capital Days	195	-13	-51	-1	7	13	-4	33	39	-23	-32	-100
ROCE %		7%	8%	4%	2%	4%	8%	13%	8%	9%	0%	-3%

Insights

In beta

Mar 2009

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Power Exported
MWh

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	xxx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xxx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
	x,xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	x,xxx,xxx.xx	x,xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx
x,xxx		x,xxx			x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
					xx,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx
					x,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
					xx.xx	xx.xx	xx.xx	x.xx	x.xx	xx.xx	xx.xx

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Sugar Produced
MT

Sugarcane Crushed
MT

Cane Crushing Capacity
TCD

Brewed Vinegar Production
KL

Ethanol / Spirit Production
KL

Sugar Recovery Rate
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	33.70%	33.70%	33.70%	33.70%	33.70%	29.05%	29.05%	29.04%	29.05%	29.05%	29.05%	29.05%
	0.09%	0.23%	0.00%	0.26%	0.13%	3.30%	1.38%	0.40%	0.09%	0.00%	0.03%	0.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	6.37%	5.50%	5.79%	5.74%	3.76%	3.75%	2.03%
	66.22%	66.07%	66.31%	66.04%	66.18%	61.28%	64.07%	64.77%	65.13%	67.19%	67.18%	68.91%
No. of Shareholders	1,38,830	1,59,310	1,60,032	1,64,836	1,61,044	1,56,858	1,58,103	1,57,112	1,55,232	1,52,529	1,49,003	1,45,857

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	32.83%	32.83%	33.69%	33.70%	33.70%	29.04%	29.05%
	2.66%	2.71%	1.20%	0.01%	0.26%	0.40%	0.00%
	0.00%	0.00%	0.39%	0.00%	0.00%	5.79%	2.03%
	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%
	64.51%	64.46%	64.71%	66.29%	66.04%	64.77%	68.91%
No. of Shareholders	11,598	11,628	1,51,453	1,41,577	1,64,836	1,57,112	1,45,857

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Vishwaraj Sugar Industries Ltd

Vishwaraj Sugar Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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