Vishwaraj Sugar Industries Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Vishwaraj Sugar Industries Ltd?

Vishwaraj Sugar Industries Ltd is trading at 6.21 as of 26 April 2026, with a FY2026-2027 high of 11.9 and low of 4.10. The stock is currently in the middle of its 52-week range. Market cap stands at 135 Cr..

Q: Is Vishwaraj Sugar Industries Ltd financially healthy?

Key indicators: ROCE of 0.49 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Vishwaraj Sugar Industries Ltd profitable and how is the profit trend?

Vishwaraj Sugar Industries Ltd reported a net profit of -37 Cr in Mar 2025 on revenue of 452 Cr. Compared to 60 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹18.34Undervalued by 195.33%vs CMP ₹6.21

P/E (15.0) × ROE (13.5%) × BV (₹11.10) × DY (2.00%)

Defaults: P/E=15

₹15.78Undervalued by 154.11%vs CMP ₹6.21

MoS: +60.6% (Strong)Confidence: 58/100 (Moderate)Models: All 5: Undervalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹12.89	34%	Under (+107.6%)
Net Asset Value	Assets	₹11.50	20%	Under (+85.2%)
Dividend Discount	Dividends	₹10.20	17%	Under (+64.3%)
ROCE Capital	Returns	₹30.79	14%	Under (+395.8%)
Revenue Multiple	Revenue	₹20.79	15%	Under (+234.8%)
Consensus (5 models)		₹15.78	100%	Undervalued

Key Drivers: EPS CAGR -29.7% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -29.7% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Vishwaraj Sugar Industries Ltd operates in the Sugar segment, NSE: VISHWARAJ | BSE: 542852, current market price is ₹6.21, market cap is 135 Cr.. At a glance, ROE is 13.5 %, ROCE is 0.49 %, book value is 11.1, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹15.78, which is about 154.1% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹452 Cr versus the prior period change of -17.2%, while latest net profit is about ₹-37 Cr with a prior-period change of -364.3%. The 52-week range shown on this page is 11.9/4.10, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisVishwaraj Sugar Industries Ltd. is a Public Limited Listed company incorporated on 02/05/1995 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(…

This summary is generated from the stock page data available for Vishwaraj Sugar Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Vishwaraj Sugar Industries Ltd scores 42/100 (Weak)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health38/100 · Weak

ROCE 0.5% WeakROE 13.5% GoodD/E 1.54 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed

Smart Money40/100 · Moderate

FII holding stable No changeDII holding down 2.04% MF sellingPromoter holding at 29.1% Stable

Earnings Quality50/100 · Moderate

OPM contracting (16% → 8%) DecliningWorking capital: -32 days (improving) Efficient

Quarterly Momentum40/100 · Moderate

Revenue (4Q): -4% YoY FlatOPM: -0.7% (down 19.2% YoY) Margin pressure

Industry Rank40/100 · Moderate

ROCE 0.5% vs industry 8.6% Below peersROE 13.5% vs industry 7.9% Above peers3Y sales CAGR: -1% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 26, 2026, 12:36 am

Market Cap	135 Cr.
Current Price	6.21
Intrinsic Value	₹15.77
High / Low	11.9/4.10
Stock P/E
Book Value	11.1
Dividend Yield	0.00 %
ROCE	0.49 %
ROE	13.5 %
Face Value	2.00
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Vishwaraj Sugar Industries Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Vishwaraj Sugar Industries Ltd	135 Cr.	6.21	11.9/4.10		11.1	0.00 %	0.49 %	13.5 %	2.00
Parvati Sweetners and Power Ltd	117 Cr.	7.84	11.6/6.35		6.37	0.00 %	2.18 %	0.57 %	5.00
Rajshree Sugars & Chemicals Ltd	113 Cr.	34.2	53.0/22.8		73.3	0.00 %	4.42 %	3.05 %	10.0
Dhampure Speciality Sugars Ltd	103 Cr.	118	137/82.0	19.7	45.3	0.00 %	11.6 %	8.88 %	10.0
Rana Sugars Ltd	203 Cr.	13.2	17.9/10.0	6.14	36.4	0.00 %	7.67 %	5.99 %	10.0
Industry Average	1,917.50 Cr	274.65		21.73	225.55	0.71%	8.62%	7.89%	6.37

All Competitor Stocks of Vishwaraj Sugar Industries Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	101.61	199.07	141.71	138.05	106.24	163.71	101.25	92.78	93.20	166.68	133.06	55.04	77.68
Expenses	52.03	186.74	140.02	139.42	62.86	141.20	108.18	103.90	75.95	154.20	140.59	61.68	78.24
Operating Profit	49.58	12.33	1.69	-1.37	43.38	22.51	-6.93	-11.12	17.25	12.48	-7.53	-6.64	-0.56
OPM %	48.79%	6.19%	1.19%	-0.99%	40.83%	13.75%	-6.84%	-11.99%	18.51%	7.49%	-5.66%	-12.06%	-0.72%
Other Income	1.02	0.78	0.64	0.62	0.60	0.64	0.98	0.59	0.62	5.44	1.87	0.83	1.78
Interest	6.72	6.43	7.49	6.67	7.02	9.32	7.36	7.31	13.43	6.16	6.67	4.61	4.08
Depreciation	3.81	3.73	3.98	3.91	3.85	3.74	3.98	3.90	3.82	3.74	4.06	3.95	3.86
Profit before tax	40.07	2.95	-9.14	-11.33	33.11	10.09	-17.29	-21.74	0.62	8.02	-16.39	-14.37	-6.72
Tax %	5.71%	1,660.68%	0.00%	0.00%	5.68%	77.21%	0.00%	0.00%	0.00%	74.31%	0.00%	0.00%	0.00%
Net Profit	37.78	-46.05	-9.14	-11.33	31.24	2.30	-17.29	-21.74	0.63	2.06	-16.39	-14.37	-6.71
EPS in Rs	2.01	-2.45	-0.49	-0.60	1.66	0.12	-0.92	-1.00	0.03	0.09	-0.75	-0.66	-0.31

Last Updated: March 3, 2026, 1:50 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:16 am

Metric	Mar 2011	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	361	276	335	284	222	285	362	425	467	611	546	452	432
Expenses	349	256	305	238	198	259	323	363	374	545	479	440	435
Operating Profit	12	19	31	46	24	26	38	62	93	66	67	12	-2
OPM %	3%	7%	9%	16%	11%	9%	11%	15%	20%	11%	12%	3%	-1%
Other Income	80	9	9	1	10	0	1	0	2	3	2	8	10
Interest	28	18	21	25	21	36	42	36	32	28	30	34	22
Depreciation	11	10	11	12	13	13	15	15	16	16	16	16	16
Profit before tax	54	0	7	10	-1	-24	-17	12	47	26	22	-31	-29
Tax %	20%	1,559%	37%	42%	395%	-26%	-52%	32%	-28%	192%	35%	19%
Net Profit	43	-3	4	6	-4	-18	-8	8	60	-23	14	-37	-35
EPS in Rs	2.49	-0.19	0.26	0.35	-0.25	-1.02	-0.42	0.44	3.20	-1.25	0.77	-1.70	-1.63
Dividend Payout %	0%	0%	78%	0%	0%	0%	0%	45%	6%	-8%	26%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	233.33%	50.00%	-166.67%	-350.00%	55.56%	200.00%	650.00%	-138.33%	160.87%	-364.29%
Change in YoY Net Profit Growth (%)	0.00%	-183.33%	-216.67%	-183.33%	405.56%	144.44%	450.00%	-788.33%	299.20%	-525.16%

Vishwaraj Sugar Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

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

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-820%

Stock Price CAGR
10 Years:	%
5 Years:	-12%
3 Years:	-20%
1 Year:	-48%

Return on Equity
10 Years:	0%
5 Years:	2%
3 Years:	-6%
Last Year:	-13%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: March 3, 2026, 12:19 am

Month	Mar 2011	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	35	35	35	35	35	35	38	38	38	38	38	44	44
Reserves	120	201	201	198	194	177	184	188	245	218	231	237	206
Borrowings	168	159	172	238	315	339	347	376	370	356	366	391	307
Other Liabilities	99	231	203	72	81	169	103	110	117	115	165	148	82
Total Liabilities	422	625	610	543	624	720	672	712	770	726	799	819	639
Fixed Assets	192	246	244	241	272	264	288	282	300	298	287	276	270
CWIP	-0	5	1	38	-0	11	-0	-0	-0	4	124	201	226
Investments	0	0	0	0	1	1	1	1	1	1	1	1	3
Other Assets	230	374	365	264	352	443	382	429	469	423	387	340	140
Total Assets	422	625	610	543	624	720	672	712	770	726	799	819	639

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	31	55	62	-55	25	49	56	35	52	146	50
Cash from Investing Activity +	-50	-6	-45	-6	-18	-27	-9	-33	-18	-125	-83
Cash from Financing Activity +	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%

Free Cash Flow

Month	Mar 2011	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-156.00	-140.00	-141.00	-192.00	-291.00	-313.00	-309.00	-314.00	-277.00	-290.00	-299.00	-379.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2011	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	10	16	19	57	56	49	26	26	25	26	27	24
Inventory Days	333	448	337	348	689	580	387	339	429	242	257	241
Days Payable	7	5	6	27	71	202	83	79	110	49	91	47
Cash Conversion Cycle	336	458	351	377	674	428	330	286	344	219	193	217
Working Capital Days	130	195	-13	-51	-1	7	13	-4	33	39	-23	-32
ROCE %	26%		7%	8%	4%	2%	4%	8%	13%	8%	9%	0%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	33.70%	33.70%	33.70%	33.70%	33.70%	33.70%	29.05%	29.05%	29.04%	29.05%	29.05%	29.05%
FIIs	0.01%	0.09%	0.23%	0.00%	0.26%	0.13%	3.30%	1.38%	0.40%	0.09%	0.00%	0.03%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.37%	5.50%	5.79%	5.74%	3.76%	3.75%
Public	66.29%	66.22%	66.07%	66.31%	66.04%	66.18%	61.28%	64.07%	64.77%	65.13%	67.19%	67.18%
No. of Shareholders	1,41,577	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

Shareholding Pattern Chart

No. of Shareholders

Vishwaraj Sugar Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	10.00	10.00
Basic EPS (Rs.)	-1.74	0.78	-1.24	3.21	2.11
Diluted EPS (Rs.)	-1.74	0.78	-1.24	3.21	2.11
Cash EPS (Rs.)	-0.95	1.62	-0.39	20.15	6.13
Book Value[Excl.RevalReserv]/Share (Rs.)	12.88	14.29	13.61	75.24	60.18
Book Value[Incl.RevalReserv]/Share (Rs.)	12.88	14.29	13.61	75.24	60.18
Dividend / Share (Rs.)	0.00	0.20	0.10	1.00	1.00
Revenue From Operations / Share (Rs.)	20.84	29.27	32.83	124.81	113.55
PBDIT / Share (Rs.)	0.88	3.66	3.68	25.29	16.68
PBIT / Share (Rs.)	0.14	2.81	2.83	21.16	12.75
PBT / Share (Rs.)	-1.43	1.19	1.36	12.56	3.26
Net Profit / Share (Rs.)	-1.70	0.77	-1.25	16.02	2.21
PBDIT Margin (%)	4.25	12.49	11.20	20.26	14.68
PBIT Margin (%)	0.70	9.60	8.61	16.95	11.22
PBT Margin (%)	-6.84	4.05	4.14	10.06	2.86
Net Profit Margin (%)	-8.15	2.63	-3.80	12.83	1.94
Return on Networth / Equity (%)	-13.20	5.40	-9.17	21.28	3.66
Return on Capital Employeed (%)	0.70	13.78	14.11	21.17	14.42
Return On Assets (%)	-4.52	1.81	-3.22	7.81	1.16
Long Term Debt / Equity (X)	0.44	0.27	0.32	0.31	0.45
Total Debt / Equity (X)	1.39	1.36	1.39	1.31	1.54
Asset Turnover Ratio (%)	0.56	0.72	0.82	0.63	0.61
Current Ratio (X)	0.91	0.92	1.20	1.14	1.12
Quick Ratio (X)	0.27	0.25	0.32	0.21	0.36
Inventory Turnover Ratio (X)	1.77	1.26	1.18	1.20	1.08
Dividend Payout Ratio (NP) (%)	0.00	25.90	-16.01	6.24	0.00
Dividend Payout Ratio (CP) (%)	0.00	12.35	-50.28	4.96	0.00
Earning Retention Ratio (%)	0.00	74.10	116.01	93.76	0.00
Cash Earning Retention Ratio (%)	0.00	87.65	150.28	95.04	0.00
Interest Coverage Ratio (X)	0.56	2.25	2.51	2.94	1.76
Interest Coverage Ratio (Post Tax) (X)	-0.08	1.48	0.14	2.86	1.23
Enterprise Value (Cr.)	552.47	630.79	624.91	433.14	750.98
EV / Net Operating Revenue (X)	1.22	1.15	1.01	0.92	1.76
EV / EBITDA (X)	28.60	9.18	9.05	4.56	11.99
MarketCap / Net Operating Revenue (X)	0.37	0.48	0.44	0.16	1.06
Retention Ratios (%)	0.00	74.09	116.01	93.75	0.00
Price / BV (X)	0.61	0.99	1.06	0.26	1.99
Price / Net Operating Revenue (X)	0.37	0.48	0.44	0.16	1.06
EarningsYield	-0.21	0.05	-0.08	0.79	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Vishwaraj Sugar Industries Ltd. is a Public Limited Listed company incorporated on 02/05/1995 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L85110KA1995PLC017730 and registration number is 017730. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company's Total Operating Revenue is Rs. 453.92 Cr. and Equity Capital is Rs. 43.57 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Sugar	Bellad Bagewadi, Taluka Hukkeri, Belagavi District Karnataka 591305	Contact not found

Management
Name	Position Held
Mr. Nikhil U Katti	Chairman & Managing Director
Mr. Kush R Katti	Whole Time Director
Ms. Sneha Nithin Dev	Whole Time Director
Mr. Vishnukumar� Kulkarni	Independent Director
Mr. Basavaraj Hagaragi	Independent Director
Mr. Shivanand Tubachi	Independent Director
Mrs. Pratibha Munnolli	Independent Director
Mr. Mallikarjun Pujar	Whole Time Director

FAQ

What is the intrinsic value of Vishwaraj Sugar Industries Ltd and is it undervalued?

As of 26 April 2026, Vishwaraj Sugar Industries Ltd's intrinsic value is ₹15.78, which is 154.11% higher than the current market price of ₹6.21, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (13.5 %), book value (₹11.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Vishwaraj Sugar Industries Ltd?

Vishwaraj Sugar Industries Ltd is trading at ₹6.21 as of 26 April 2026, with a FY2026-2027 high of ₹11.9 and low of ₹4.10. The stock is currently in the middle of its 52-week range. Market cap stands at ₹135 Cr..

How does Vishwaraj Sugar Industries Ltd's P/E ratio compare to its industry?

Vishwaraj Sugar Industries Ltd has a P/E ratio of , which is below the industry average of 21.73. This is broadly in line with or below the industry average.

Is Vishwaraj Sugar Industries Ltd financially healthy?

Key indicators for Vishwaraj Sugar Industries Ltd: ROCE of 0.49 % is on the lower side compared to the industry average of 8.62%. Dividend yield is 0.00 %.

Is Vishwaraj Sugar Industries Ltd profitable and how is the profit trend?

Vishwaraj Sugar Industries Ltd reported a net profit of ₹-37 Cr in Mar 2025 on revenue of ₹452 Cr. Compared to ₹60 Cr in Mar 2022, the net profit shows a declining trend.

Does Vishwaraj Sugar Industries Ltd pay dividends?

Vishwaraj Sugar Industries Ltd has a dividend yield of 0.00 % at the current price of ₹6.21. The company is currently not paying meaningful dividends.