Dwarikesh Sugar Industries Limited - agriculture in Bijnor, Uttar Pradesh, India. FY 2026 financials & compliance.
CIN L15421UP1993PLC018642 Incorporated 01 November 1993 ROC Uttar Pradesh HQ Bijnor, Uttar Pradesh, India
Active Listed - NSE: DWARKESH · BSE: 532610 Public Limited Company agriculture
Data last updated
Market Cap
₹799 Cr
DWARKESH · NSE
Share Price
₹42.94
-0.39% today
Revenue
₹1,402 Cr
FY 2025-26 · +3.2% YoY
EBITDA
₹86.88 Cr
Margin 6.2%
Net Profit
₹30.77 Cr
FY 2025-26 · +32.2% YoY
ROE
3.8%
ROCE 4.5%
Debt / Equity
0.52
Interest cover 29.5x
Authorised capital
₹54 Cr
Registered with MCA

About Dwarikesh Sugar Industries Limited

Data last updated:

Dwarikesh Sugar Industries Limited is a public limited company based in Bijnor, Uttar Pradesh, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 01 November 1993 and has been in existence for over 33 years.

The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN L15421UP1993PLC018642. Its GSTIN is 09AABCD8192N1Z0 (Uttar Pradesh). The company holds 5 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 532610 and NSE: DWARKESH.

The company has an authorised share capital of ₹54 Cr and a paid-up capital of ₹18.53 Cr. It is led by directors including Balkishan Jawarilal Maheshwari (Managing Director) and Vijay Sitaram Banka (Managing Director).

Its last annual general meeting (AGM) was held on 06 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Dwarikesh Nagar Bijnore, Uttar Pradesh, India – 246762.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,401.94 Cr, a growth of 3.2% compared to the previous year. For the same year it recorded a net profit of ₹30.77 Cr (net margin 2.2%) and EBITDA of ₹86.88 Cr (EBITDA margin 6.2%). The net worth stands at ₹828.71 Cr (up 2.8% YoY). Total assets are valued at ₹1,198.79 Cr (down 11% YoY).

The company has about 1,551 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Dwarikesh Sugar Industries. As per MCA filings, the company has open charges of ₹665.6 Cr and satisfied charges of ₹3,195.96 Cr on record. Court records list 32 cases involving the company, including 28 filed by the company and 4 filed against it; 1 case is pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dwarikesh.com.

Company details

CIN L15421UP1993PLC018642
Registration Number 018642
Incorporation Date 01 November 1993
ROC Uttar Pradesh
Listing Status Listed - Listed on NSE (DWARKESH); Listed on BSE (532610)
Company Status Active
Date of Last AGM 06 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Dwarikesh Sugar Industries has one previous CIN (Corporate Identification Number): U15421UP1995PLC018642. The current CIN is L15421UP1993PLC018642, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L15421UP1993PLC018642Current
U15421UP1995PLC018642Previous

Contact details

Dwarikesh Sugar Industries Limited's registered office is in Bijnor, Uttar Pradesh. Its website is dwarikesh.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Dwarikesh Nagar Bijnore, Uttar Pradesh, India – 246762
  • Industry
    Agriculture, Sugar Processing

To see the full contact details of Dwarikesh Sugar Industries Limited, buy the company report.

Comprehensive company report
Dwarikesh Sugar Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Dwarikesh Sugar Industries operates one associated brand: Dwarikesh Sugar Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Sugar, alcohol, and power are produced from sugarcane byproducts.dwarikesh.com

Business activity

The main business activity of Dwarikesh Sugar Industries is manufacturing. In detail, this covers manufacture of food products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing10Manufacture of food products

To see the full business activity and turnover split of Dwarikesh Sugar Industries Limited, buy the company report.

Financials of Dwarikesh Sugar Industries Limited

FY 2025-26 filings available

Dwarikesh Sugar Industries Limited reported revenue of ₹1,401.94 Cr (up 3.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,402 Cr
+3.2% YoY
EBITDA
₹86.88 Cr
-23.4% YoY
Profit After Tax
₹30.77 Cr
+32.2% YoY
Net Worth
₹829 Cr
+2.8% YoY
Total Assets
₹1,199 Cr
-11.0% YoY
Total Debt
₹336 Cr
-33.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,4021,3591,7102,1031,9791,8391,336
Revenue growth+3.2%-20.5%-18.7%+6.3%+7.6%+37.6%-
EBITDA86.88113205213291201136
EBITDA margin+6.2%+8.4%+12.0%+10.1%+14.7%+10.9%+10.2%
Profit before tax42.5252.4614415221912071.58
Net profit30.7723.2883.5310515591.6473.52
Net profit margin+2.2%+1.7%+4.9%+5.0%+7.9%+5.0%+5.5%
EPS (₹)1.661.264.445.578.244.863.90
Balance sheet
Total assets1,1991,3471,3061,1391,2201,2111,354
Net worth829806822740673579484
Total debt336507456375524609846
Cash & bank15.6282.9733.5639.8538.551.183.08
Net working capital714841747545648747844
Cash flow
Cash from operations12960.6813.3731433929611.30
Cash from investing(3.69)(6.55)(40.67)(91.51)(198)(17.62)(111)
Cash from financing(194)27.3327.20(222)(141)(280)101
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue257358425325246405459313
Revenue growth (YoY)+4.3%-11.7%-7.3%+4.0%-0.1%+18.8%--
Other income5.521.941.313.042.300.500.223.68
Total expenses271384339287287402352286
EBITDA(14.57)(25.70)86.5737.64(41.26)3.9310727.22
EBITDA margin-5.7%-7.2%+20.3%+11.6%-16.8%+1.0%+23.3%+8.7%
Depreciation7.437.63(0.01)12.4512.2412.0611.8912.41
Interest1.042.986.191.431.755.397.682.62
Profit before tax(17.52)(34.37)81.7026.80(52.95)(13.02)87.6315.87
Tax(4.40)(8.65)24.2911.36(20.32)(3.65)41.305.13

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 09 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue257358425325246405459313
Revenue growth (YoY)+4.3%-11.7%-7.3%+4.0%-0.1%+18.8%--
Other income5.521.941.313.042.300.500.223.68
Total expenses271384339287287402352286
EBITDA(14.57)(25.70)86.5737.64(41.26)3.9310727.22
EBITDA margin-5.7%-7.2%+20.3%+11.6%-16.8%+1.0%+23.3%+8.7%
Depreciation7.437.63(0.01)12.4512.2412.0611.8912.41
Interest1.042.986.191.431.755.397.682.62
Profit before tax(17.52)(34.37)81.7026.80(52.95)(13.02)87.6315.87
Tax(4.40)(8.65)24.2911.36(20.32)(3.65)41.305.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,4021,3591,7102,1031,9791,8391,336
Revenue growth+3.2%-20.5%-18.7%+6.3%+7.6%+37.6%-
Other income7.156.4411.6715.673.237.105.40
Total expenses1,3151,2451,5051,8901,6881,6381,200
Employee cost11211011911896.3092.7578.78
EBITDA86.88113205213291201136
EBITDA margin+6.2%+8.4%+12.0%+10.1%+14.7%+10.9%+10.2%
Depreciation36.7448.9352.5050.2443.6340.8936.87
Interest14.7718.5220.1325.8531.6647.6533.03
Profit before tax42.5252.4614415221912071.58
Tax11.6929.1360.4747.6963.4628.26(1.88)
Net profit30.7723.2883.5310515591.6473.52
Net profit margin+2.2%+1.7%+4.9%+5.0%+7.9%+5.0%+5.5%
EPS (₹)1.661.264.445.578.244.863.90
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital18.5318.5318.8318.8318.8318.8318.83
Reserves & surplus810788803721654560465
Shareholders' funds (net worth)829806822740673579484
Secured loans334503451371522607828
Unsecured loans2.764.035.253.922.072.5218.26
Total debt336507456375524609846
Total liabilities1,1991,3471,3061,1391,2201,2111,354
Assets
Gross block1,2521,2361,2291,182942927908
Net block528547583582388410430
Capital work in progress0.000.000.400.001420.511.90
Investments0.570.550.540.320.320.330.33
Inventories678751741561758855912
Sundry debtors49.8858.3735.6571.5534.5367.8798.00
Cash & bank balances15.6282.9733.5639.8538.551.183.08
Loans & advances16.5014.0514.5813.6716.0957.1385.53
Total current assets7609068256868479811,099
Total current liabilities46.2364.6078.15141199234256
Net working capital714841747545648747844
Total assets1,1991,3471,3061,1391,2201,2111,354
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash82.020.570.670.230.151.920.51
Net cash from operating activities12960.6813.3731433929611.30
Net cash from investing activities(3.69)(6.55)(40.67)(91.51)(198)(17.62)(111)
Net cash from financing activities(194)27.3327.20(222)(141)(280)101
Net change in cash(68.93)81.45(0.10)0.440.08(1.77)1.41
Closing cash15.6282.9733.5639.8538.551.183.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.2%-20.5%-18.7%+6.3%+7.6%+37.6%-
EBITDA growth-23.4%-44.6%-3.7%-26.8%+44.4%+47.9%-
PBT growth-19.0%-63.6%-5.6%-30.3%+82.5%+67.4%-35.5%
Net income growth+32.2%-72.1%-20.5%-32.3%+69.4%+24.7%-
Revenue CAGR (3Y)-12.6%-11.8%-2.4%+16.3%+22.2%+8.7%+3.9%
EBITDA CAGR (3Y)-25.8%-26.9%+0.6%+16.1%+31.1%+12.2%-20.8%
Profitability & leverage
Net income margin+2.2%+1.7%+4.9%+5.0%+7.8%+5.0%+5.5%
Return on capital employed+4.5%+5.4%+13.4%+15.1%+20.6%+13.1%+8.4%
Return on net worth+3.8%+2.9%+10.7%+14.8%+24.8%+17.2%+15.5%
Debt / equity0.520.590.530.640.911.371.59
Long-term debt / equity0.090.150.240.300.280.320.35
Interest cover29.4628.7013.2015.8912.8129.7133.29
Efficiency & per share
Fixed asset turnover1.131.101.421.982.122.001.60
Inventory turnover1.961.822.633.192.452.081.54
Debtors turnover25.9028.9131.8939.6538.6522.1716.90
EPS (₹)1.661.264.445.578.244.863.90
Dividend per share (₹)0.100.500.002.002.001.251.00
Book value per share (₹)44.7243.5143.6639.2935.7630.7425.69

To see the full year-wise statements and ratios of Dwarikesh Sugar Industries Limited, buy the company report.

Board of directors of Dwarikesh Sugar Industries Limited

Dwarikesh Sugar Industries has 8 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Gautam Radheshyam MorarkaWhole-Time Director01 Jan 20197 Years 10 MonthsCurrent
Balkishan Jawarilal MaheshwariManaging Director16 Mar 201016 Years 7 MonthsCurrent
Vijay Sitaram BankaManaging Director01 May 200917 Years 6 MonthsCurrent
Gopal Bhimrao HosurDirector02 Nov 20206 Years 0 MonthsCurrent
Priyanka Gautam MorarkaWhole-Time Director22 May 20251 Years 5 MonthsCurrent
Rajan Krishnanath MedhekarDirector02 Nov 20206 Years 0 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Dwarikesh Sugar Industries Limited is audited by Mittal Gupta and Co for the financial year 2025.

Auditor firmFinancial yearFirm registration number
Mittal Gupta and CoFY 202501874C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 42.10%, foreign institutional investors hold 1.00%, domestic institutional investors hold 0.90% and retail and other public shareholders hold 56.00%.

Promoters: 42.10%DII (Domestic Institutional): 0.90%FII (Foreign Institutional): 1.00%Retail & Others: 56.00%
Sep 2026
QUARTER
42.10% Promoters
0.90% DII (Domestic Institutional)
1.00% FII (Foreign Institutional)
56.00% Retail & Others
Promoter holding - history
Now 42.10% · Sep 2026High 42.10% · Dec 2025Low 42.10% · Dec 2025
41%41.8%42.5%43.3%44%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 42.10%Mar 2026: 42.10%Jun 2026: 42.10%Sep 2026: 42.10%42.10%42.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters42.10%42.10%42.10%42.10%
Public57.90%57.90%57.90%57.90%

Charges & borrowings

Open charges
₹665.6 Cr
Satisfied charges
₹3,195.96 Cr
Breakdown by lending institutions
Others₹665.60 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Aug 2021100473913Others₹185.6 CrOpen
29 Dec 2017100145114Others₹480 CrOpen
10 Apr 2019100258126Others₹50 CrSatisfied
28 Jan 2019100235689Others₹116.88 CrSatisfied
15 Nov 2018100218680Others₹134.48 CrSatisfied

To see the full charge records of Dwarikesh Sugar Industries Limited, buy the company report.

Total charge records: 75 View all charges

Credit ratings & regulatory alerts

Dwarikesh Sugar Industries Limited was last rated by Icra on 14 Jun 2022.

Rating agencyRated onRating
Icra14 Jun 2022

To see the full credit ratings and regulatory alerts of Dwarikesh Sugar Industries Limited, buy the company report.

MSME payment delays

Dwarikesh Sugar Industries Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 18 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 5)

SupplierAmount dueDue sinceReported on
Singhal Industries Private Limited
Millennium Instruments Limited
C A Polytech Private Limited
Atul Sugar Screens Private Limited
Jassal Engineers (Regd)

To see the full MSME payment records of Dwarikesh Sugar Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Dwarikesh Sugar Industries Limited has a workforce of 1,551 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.

Employee count
1,551
Active EPFO establishments
1
Employee growth
-6.17%

GST

Dwarikesh Sugar Industries has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.

Total GSTINs
5
Active
5
GSTINStateStatusRegistered on
09AABCD8192N1Z0Uttar PradeshActive01 Jul 2017
07AABCD8192N1Z4DelhiActive01 Jul 2017
27AABCD8192N1Z2MaharashtraActive01 Jul 2017
07AABCD8192N2Z3DelhiActive09 Jul 2017

To see the full GST registrations and return filing status of Dwarikesh Sugar Industries Limited, buy the company report.

Recent activity

Dwarikesh Sugar Industries Limited has 39 board changes on record since 1994: 24 appointments and 15 cessations. The latest: Nina Chatrath ceased to be Director on 18 Sep 2025.

AGM
Dwarikesh Sugar Industries Limited last Annual general meeting of members was held on 06 Aug 2026 as per latest MCA records.
Filing
Dwarikesh Sugar Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Uttar Pradesh I.
Charges
A charge registered on 28 Jan 2019 via Charge ID 100235689 with Others was fully satisfied on 26 Sep 2025.
Ceased
Nina Chatrath ceased to be Director.
Ceased
Prithviraj Natrajan Kokkarne ceased to be Director.
Appointed
Bharati Balaji was appointed as Director.
Appointed
Arun Kumar Tulsian was appointed as Director.
Appointed
Priyanka Gautam Morarka was appointed as Whole-Time Director.
Charges
A charge registered on 15 Nov 2018 via Charge ID 100218680 with Others was fully satisfied on 04 Jun 2024.
Charges
A charge with Others of Rs. 480.00 Cr registered on 29 Dec 2017 with Charge ID 100145114 was modified on 01 Jul 2023.
Ceased
Balkumar Kapurchand Agarwal ceased to be Director.
Appointed
Sunil Kumar Goel was appointed as CFO.

217 earlier events are in the company report.

News

DWARKESH: Q2 SL NET LOSS 130M RUPEES VS LOSS 326M (YOY)
29 Oct 2026 · Exchange Update
DWARKESH: Q2 EBITDA LOSS 146M RUPEES VS LOSS 413M (YOY)
29 Oct 2026 · Exchange Update

Frequently asked questions

Dwarikesh Sugar Industries is an active public limited company based in Bijnor, Uttar Pradesh, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 01 November 1993 (33+ years old) and is registered under CIN L15421UP1993PLC018642. Listed on BSE: 532610 and NSE: DWARKESH.

Dwarikesh Sugar Industries reported revenue of ₹1,401.94 Cr for FY 2025-26 (up 3.2% YoY) based on standalone financials.

Dwarikesh Sugar Industries has 8 current directors:

The latest financial statements of Dwarikesh Sugar Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 06 August 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Dwarikesh Sugar Industries is 09AABCD8192N1Z0, registered in Uttar Pradesh. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 07AABCD8192N1Z4 (Delhi), 27AABCD8192N1Z2 (Maharashtra), 07AABCD8192N2Z3 (Delhi).

The CIN (Corporate Identification Number) of Dwarikesh Sugar Industries is L15421UP1993PLC018642. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Dwarikesh Sugar Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 532610) and NSE (symbol: DWARKESH).

Dwarikesh Sugar Industries has 32 court cases on record: 28 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.

Dwarikesh Sugar Industries was incorporated on 01 November 1993, making it 33+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.

Nina Chatrath ceased to be Director on 18 Sep 2025. Prithviraj Natrajan Kokkarne ceased to be Director on 18 Sep 2025. Bharati Balaji was appointed as Director on 01 Jun 2025. Dwarikesh Sugar Industries has 39 board changes on record in total.

Dwarikesh Sugar Industries has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 18 overdue payments to 5 micro and small suppliers. The latest return was filed on 14 May 2019.