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Vishwaraj Sugar Industries Ltd.
(VISHWARAJ)
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Rating:45Neutral
Price Target:
₹5.50
▲(5.77% Upside)
Action:Reiterated
Date:10/07/26
The score is held down primarily by weak and worsening financial performance (losses, negative operating/free cash flow, and higher leverage). Technicals are mixed with modest near-term support but no strong momentum signal, and valuation provides limited comfort because the negative P/E reflects current losses and no dividend yield is available in the data.
Positive Factors
Integrated sugar and by-product model
Manufacturing sugar while monetizing molasses and bagasse gives the mill more than one output from each cane-processing cycle. This integrated model can broaden revenue capture and reduce reliance on selling only finished sugar over the next several months.
Negative Factors
Revenue decline and current losses
Declining TTM revenue combined with negative net margin, operating profit and EBITDA indicates that the current business is not covering its operating and other cost burden. Persistent weakness would reduce internal funding capacity and make earnings recovery more dependent on improved operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated sugar and by-product model
Manufacturing sugar while monetizing molasses and bagasse gives the mill more than one output from each cane-processing cycle. This integrated model can broaden revenue capture and reduce reliance on selling only finished sugar over the next several months.
Read all positive factors
Vishwaraj Sugar Industries Ltd. (VISHWARAJ) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.22B
Dividend Yield1.06%
Average Volume (3M)50.47K
Price to Earnings (P/E)―
Beta (1Y)1.36
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. Volume38,293
30 Day Avg. Volume50,469
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
Positive
5.20
Price Trends
5.57
Positive
5.54
Positive
5.71
Negative
Market Momentum
-0.04
Negative
53.90
Neutral
38.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VISHWARAJ, the sentiment is Positive. The current price of 5.2 is below the 20-day moving average (MA) of 5.37, below the 50-day MA of 5.57, and below the 200-day MA of 5.71, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 53.90 is Neutral, neither overbought nor oversold. The STOCH value of 38.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹2.51B | 5.20 | ― | 0.73% | -8.26% | 15.48% | |
56 Neutral | ₹2.20B | 8.03 | ― | ― | 16.25% | 30.67% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹2.05B | 35.26 | ― | ― | -5.87% | -84.48% | |
48 Neutral | ₹2.14B | 39.15 | ― | 1.53% | -8.21% | -55.42% | |
45 Neutral | ₹1.22B | -3.44 | ― | 1.06% | -27.77% | -1.41% | |
40 Underperform | ₹1.03B | -12.75 | ― | 1.82% | 2.64% | 32.85% |
* General Sector Average
IN:VISHWARAJ
Vishwaraj Sugar Industries Ltd.
5.60
-2.56
-31.37%
IN:KMSUGAR
K.M. Sugar Mills Ltd.
27.30
4.22
18.28%
IN:KOTARISUG
Kothari Sugars & Chemicals Ltd.
25.84
-5.22
-16.81%
IN:RAJSREESUG
Rajshree Sugars & Chemicals Limited
31.02
-8.36
-21.23%
IN:RANASUG
Rana Sugars Limited
13.33
-1.27
-8.70%
IN:SAKHTISUG
Sakthi Sugars Limited
18.55
-1.64
-8.12%
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.