Vishwaraj Sugar Industries Ltd. (VISHWARAJ) AI Stock Analysis

Vishwaraj Sugar Industries Ltd.

(NSE:VISHWARAJ)

Select Model

Rating:40Underperform

Price Target:INR 4.50▼(-5.86% Downside)

Action:downgraded

Date:10/20/26

The score is primarily constrained by weak profitability, negative cash flow, and elevated leverage. The bearish moving-average trend and loss-based valuation provide additional downside pressure, while neutral momentum indicators offer only limited offsetting support.

Positive Factors

Integrated Agro-Processing ModelAn integrated sugarcane-processing model can broaden revenue sources beyond sugar and improve utilization of related products and by-products. The combination of sugar, ethanol and cogeneration activities provides multiple operating channels that may support resilience when conditions differ across the portfolio.

Negative Factors

Revenue and Profitability DeteriorationFalling trailing revenue combined with negative operating profit, EBITDA and net margin signals broad pressure on the current earnings engine. The reversal from prior profitability weakens internal funding capacity and makes a sustained recovery dependent on restoring both sales and operating economics.

Vishwaraj Sugar Industries Ltd. (VISHWARAJ) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.02B
Dividend Yield: ―
Average Volume (3M): 88.07K
Price to Earnings (P/E): -2.9
Beta (1Y): 1.41
Revenue Growth: -27.77%
EPS Growth: -1.41%
Country: India
Employees: 944
Sector: General
Sector Strength: 55
Industry: Food Confectioners

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, IML...

Vishwaraj Sugar Industries Ltd. Financial Statement Overview

Summary

Weak profitability and cash generation drive the score to the minimum range: income statement score 24, balance sheet score 42, and cash flow score 21. Revenue declined, EBIT and net income are negative, operating and free cash flow are deeply negative, and leverage remains elevated.

Income Statement

24Negative

Balance Sheet

42Neutral

Cash Flow

21Negative

Financial statement breakdown
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

Technical Analysis SentimentNegative

Last Price4.78

Price Trends

50DMA5.53Negative

100DMA5.48Negative

200DMA5.60Negative

Market Momentum

MACD-0.19Positive

RSI35.10Neutral

STOCH18.84Positive

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 4.78 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:VISHWARAJ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KMSUGAR	71Outperform	INR 2.85B	5.84	―	―	-8.26%	15.48%
IN:SAKHTISUG	61Neutral	INR 1.92B	6.99	―	―	16.25%	30.67%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:RANASUG	47Neutral	INR 1.80B	30.61	―	―	-5.87%	-84.48%
IN:KOTARISUG	45Neutral	INR 1.86B	34.05	―	―	-8.21%	-55.42%
IN:RAJSREESUG	42Neutral	INR 869.81M	-10.84	―	―	2.64%	32.85%
IN:VISHWARAJ	40Underperform	INR 1.02B	-2.87	―	―	-27.77%	-1.41%

* General Sector Average

Performance Comparison

IN:VISHWARAJ and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:VISHWARAJ	Vishwaraj Sugar Industries Ltd.	4.70	-3.24	-40.81%
IN:KMSUGAR	K.M. Sugar Mills Ltd.	30.94	8.65	38.82%
IN:KOTARISUG	Kothari Sugars & Chemicals Ltd.	22.47	-8.25	-26.86%
IN:RAJSREESUG	Rajshree Sugars & Chemicals Limited	26.25	-14.05	-34.86%
IN:RANASUG	Rana Sugars Limited	11.70	-2.80	-19.31%
IN:SAKHTISUG	Sakthi Sugars Limited	16.17	-4.50	-21.77%

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 English i...

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.

Date of analysis: Oct 20, 2026

Vishwaraj Sugar Industries Ltd. AI Stock Analysis