Dwarikesh Sugar Industries Ltd
NSE:DWARKESH
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Dwarikesh Sugar Industries Ltd
Dwarikesh Sugar Industries Ltd. engages in the manufacture and refining of sugar from sugarcane. The company is headquartered in Mumbai, Maharashtra and currently employs 771 full-time employees. The company went IPO on 2005-01-03. The Company’s segments include Sugar, Co-generation and Distillery. The firm also manufactures hand sanitizer. The firm's sugar manufacturing units have a combined production capacity of approximately 21,500 tons of sugarcane per day. The company possessed an installed capacity to manufacture over 130 kiloliters of industrial alcohol per day and also co-generated over 91 megawatts (MW) of renewable power. Its distillery capacity is approximately 162.5 kiloliters per day (KLPD). The firm has its presence in diversified fields, such as sugar manufacturing, power and ethanol/industrial alcohol production. The company has over three sugar manufacturing units: Dwarikesh Nagar and Dwarikesh Puram, which are located in Bijnor District of Uttar Pradesh (U.P), and a Dwarikesh Dham, which is located in Bareilly District (U.P).
Dwarikesh Sugar Industries Ltd. engages in the manufacture and refining of sugar from sugarcane. The company is headquartered in Mumbai, Maharashtra and currently employs 771 full-time employees. The company went IPO on 2005-01-03. The Company’s segments include Sugar, Co-generation and Distillery. The firm also manufactures hand sanitizer. The firm's sugar manufacturing units have a combined production capacity of approximately 21,500 tons of sugarcane per day. The company possessed an installed capacity to manufacture over 130 kiloliters of industrial alcohol per day and also co-generated over 91 megawatts (MW) of renewable power. Its distillery capacity is approximately 162.5 kiloliters per day (KLPD). The firm has its presence in diversified fields, such as sugar manufacturing, power and ethanol/industrial alcohol production. The company has over three sugar manufacturing units: Dwarikesh Nagar and Dwarikesh Puram, which are located in Bijnor District of Uttar Pradesh (U.P), and a Dwarikesh Dham, which is located in Bareilly District (U.P).
Strong Q4 Performance: Dwarikesh Sugar reported a sharp jump in Q4 FY25 profit after tax to INR 46.33 crores, up from INR 22.89 crores YoY; revenue and EBITDA also grew strongly for the quarter.
Full Year Weakness: Despite a strong Q4, full-year results were significantly lower due to reduced sugarcane availability and lower crushing, impacting both sugar and ethanol output and profits.
Sugar Prices Firm: Sugar prices improved to around INR 4,000 per quintal in Q4, up from INR 3,800 for most of the year, supporting better realizations.
Ethanol Volumes Down: Full-year ethanol sales dropped sharply as molasses and juice availability declined; future ethanol production will depend on government pricing decisions.
Red Rot Impact: The Red Rot disease significantly hurt crop yields and sugar recovery, but varietal shifts and field initiatives are underway to mitigate this going forward.
Optimistic Outlook: Management expects the worst is behind and forecasts improved crushing, sugar, and ethanol production over the next two years as crop recovery takes hold.
Lean Balance Sheet: The company highlighted a strong financial position with INR 147.45 crores in long-term debt and prudent use of working capital.
