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Vishwaraj Sugar Industries Ltd.
(VISHWARAJ)
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Rating:42Neutral
Price Target:
₹5.00
▼(-3.85% Downside)
Action:Reiterated
Date:10/20/26
The score is driven primarily by weak financial performance: losses, negative operating/free cash flow, declining TTM revenue, and higher leverage materially increase risk. Technicals add a modest headwind with the stock below all key moving averages and only neutral momentum signals. Valuation provides little support due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Integrated sugar business
The sugar-processing model can generate revenue from both finished sugar and processing by-products, creating more than one monetization route from procured cane. Molasses and bagasse may support downstream sales or internal energy use, broadening the economic value of each crush.
Negative Factors
Revenue and profit deterioration
The current contraction in revenue is accompanied by losses at both the net and operating levels, showing that weaker sales are not being absorbed efficiently. Negative EBITDA reduces internal funding capacity and makes earnings recovery dependent on a meaningful improvement in operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated sugar business
The sugar-processing model can generate revenue from both finished sugar and processing by-products, creating more than one monetization route from procured cane. Molasses and bagasse may support downstream sales or internal energy use, broadening the economic value of each crush.
Read all positive factors
Vishwaraj Sugar Industries Ltd. (VISHWARAJ) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.02B
Dividend Yield1.06%
Average Volume (3M)51.48K
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue Growth-27.77%
EPS Growth-1.41%
CountryIN
Employees944
SectorGeneral
Sector StrengthN/A
IndustryFood Confectioners
Share Statistics
EPS (TTM)-1.63
Shares Outstanding217,827,700
10 Day Avg. Volume58,366
30 Day Avg. Volume51,485
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)0.37
Price to Sales (P/S)0.25
P/FCF Ratio-2.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vishwaraj Sugar Industries Ltd. Business Overview & Revenue Model
Company Description
Vishwaraj Sugar Industries Limited is an Indian firm specializing in the manufacturing and distribution of sugar and a variety of ancillary products. Its diverse operations are categorized into five key segments: Sugar, Co-Generation, Distillery, ...
How the Company Makes Money
Vishwaraj Sugar Industries Ltd. primarily makes money by converting procured sugarcane into finished sugar and selling it to industrial buyers, wholesalers, institutional customers, and/or through domestic trade channels; the realized price is inf...
Vishwaraj Sugar Industries Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.54B | 3.77B | 4.54B | 5.50B | 6.15B | 4.66B |
| Gross Profit | 49.29M | -151.49M | 139.21M | 718.74M | 1.09B | 1.18B |
| EBITDA | -61.48M | -37.48M | 193.16M | 673.63M | 678.56M | 942.77M |
| Net Income | -359.86M | -281.71M | -370.23M | 144.98M | -234.46M | 601.60M |
Balance Sheet | ||||||
| Total Assets | 7.32B | 8.28B | 8.19B | 7.99B | 7.26B | 7.70B |
| Cash, Cash Equivalents and Short-Term Investments | 69.41M | 25.50M | 96.93M | 11.93M | 15.43M | 122.22M |
| Total Debt | 4.20B | 4.21B | 3.91B | 3.66B | 3.56B | 3.70B |
| Total Liabilities | 5.05B | 5.75B | 5.38B | 5.31B | 4.71B | 4.87B |
| Stockholders Equity | 2.27B | 2.53B | 2.80B | 2.68B | 2.56B | 2.83B |
Cash Flow | ||||||
| Free Cash Flow | -484.90M | -359.02M | -664.97M | 198.58M | 336.11M | 19.76M |
| Operating Cash Flow | -182.86M | 75.08M | 161.54M | 1.46B | 520.65M | 352.11M |
| Investing Cash Flow | -315.04M | -447.10M | -826.51M | -1.25B | -183.76M | -328.07M |
| Financing Cash Flow | 535.00M | 300.58M | 749.97M | -224.42M | -442.61M | -381.01M |
Vishwaraj Sugar Industries Ltd. Technical Analysis
Negative
5.20
Price Trends
5.53
Negative
5.48
Negative
5.60
Negative
Market Momentum
-0.19
Positive
35.10
Neutral
18.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VISHWARAJ, the sentiment is Negative. The current price of 5.2 is below the 20-day moving average (MA) of 5.29, below the 50-day MA of 5.53, and below the 200-day MA of 5.60, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 35.10 is Neutral, neither overbought nor oversold. The STOCH value of 18.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VISHWARAJ.
Vishwaraj Sugar Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹2.85B | 5.84 | ― | 0.73% | -8.26% | 15.48% | |
56 Neutral | ₹1.92B | 6.99 | ― | ― | 16.25% | 30.67% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹1.80B | 30.61 | ― | ― | -5.87% | -84.48% | |
47 Neutral | ₹1.86B | 34.05 | ― | 1.53% | -8.21% | -55.42% | |
42 Neutral | ₹1.02B | -2.87 | ― | 1.06% | -27.77% | -1.41% | |
40 Underperform | ₹869.81M | -10.84 | ― | 1.82% | 2.64% | 32.85% |
* General Sector Average
IN:VISHWARAJ
Vishwaraj Sugar Industries Ltd.
4.70
-3.26
-40.95%
IN:KMSUGAR
K.M. Sugar Mills Ltd.
30.94
8.53
38.08%
IN:KOTARISUG
Kothari Sugars & Chemicals Ltd.
22.47
-8.85
-28.26%
IN:RAJSREESUG
Rajshree Sugars & Chemicals Limited
26.25
-14.25
-35.19%
IN:RANASUG
Rana Sugars Limited
11.70
-2.92
-19.97%
IN:SAKHTISUG
Sakthi Sugars Limited
16.17
-4.66
-22.37%
Vishwaraj Sugar Industries Ltd. Corporate Events
Vishwaraj Sugar Industries Publishes Notices for 31st AGM
Sep 7, 2026
Vishwaraj Sugar Industries Ltd. has notified the stock exchanges that it has published newspaper notices regarding its 31st Annual General Meeting, scheduled for September 28, 2026. The AGM notice has appeared in Kannada in Vijayvani and in Englis...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.