About Dwarikesh Trading Company Limited
Data last updated: 10 February 2026
Dwarikesh Trading Company Limited is a public limited company based in Na, Maharashtra, India. It specialises in fashion retail, a part of the broader fashion and textiles sector. Incorporated on 26 September 1981, the company has been in operation for over 45 years.
Registered with ROC Mumbai under CIN U46309MH1981PLC131588.
Capital: an authorised share capital of ₹7.55 Cr and a paid-up capital of ₹4.59 Cr. It is led by directors including Savitha Kalluri Rao and Gautam Radheshyam Morarka.
Last AGM: 24 July 2025. Financial statements filed for year ended 31 March 2025. Office: 613 Maker Chambers – V 221 Nariman Point Mumbai – 21., Maharashtra, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.45 Cr, a growth of 43% compared to the previous year.
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.
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Registered Address613 Maker Chambers – V 221 Nariman Point Mumbai – 21., Maharashtra, India
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IndustryFashion and Textile, Fashion Retail
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Dwarikesh Trading Company Limited
Dwarikesh Trading Company Limited has one previous CIN (Corporate Identification Number): U51909MH1981PLC131588. The current CIN is U46309MH1981PLC131588, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U46309MH1981PLC131588 | Current |
| U51909MH1981PLC131588 | Previous |
Business Activity of Dwarikesh Trading Company Limited
Dwarikesh Trading Company Limited is engaged in principal business activities including trade and financial and insurance service, with detailed activities including retail trading, other financial activities. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | ********* |
| K | Financial and insurance Service | K8 | Other financial activities | ********* |
Auditor Details of Dwarikesh Trading Company Limited
Dwarikesh Trading Company Limited is audited by Mittal Gupta & Co. (ICAI peer reviewed, certificate valid till 2028-02-29) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Mittal Gupta & Co. (ICAI peer reviewed, certificate valid till 2028-02-29) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Dwarikesh Trading Company Limited
Dwarikesh Trading Company Limited is currently managed by 6 directors, with 4 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Savitha Kalluri Rao | Director | 13 Oct 2000 | 25 Years 8 Months | Current |
|
Gautam Radheshyam Morarka
Also directs:
Dwarikesh Sugar Industries Limited, Morarka Finance Limited, Dwarikesh Trading Company Limited and 3 more
|
Director | 12 Nov 2001 | 24 Years 7 Months | Current |
|
Smriti Gautam Morarka
Also directs:
Dwarikesh Trading Company Limited, Morarka Trading Private Limited
|
Managing Director | 11 May 1989 | 37 Years 1 Months | Current |
|
Balkishan Jawarilal Maheshwari
Also directs:
Dwarikesh Sugar Industries Limited, Dwarikesh Informatics Limited, Dwarikesh Trading Company Limited and 3 more
|
Director | 30 Jul 2024 | 1 Years 11 Months | Current |
| Pranay Gautam Morarka | Director | 13 Apr 2022 | 4 Years 2 Months | Current |
|
Priyanka Gautam Morarka
Also directs:
Dwarikesh Sugar Industries Limited, Morarka Finance Limited, Dwarikesh Informatics Limited and 2 more
|
Director | 15 Sep 2008 | 17 Years 9 Months | Current |
Financials of Dwarikesh Trading Company Limited FY 2026 filings available
Dwarikesh Trading Company Limited reported revenue of ₹1,401.94 Cr (up 3.17% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,401.94 Cr | ₹1,358.88 Cr | ₹1,709.57 Cr | ₹2,102.96 Cr | ₹1,974.06 Cr | ₹1,838.85 Cr | ₹1,336.13 Cr |
| Other Income | ₹7.15 Cr | ₹6.44 Cr | ₹11.67 Cr | ₹14.04 Cr | ₹3.16 Cr | ₹7.1 Cr | ₹5.4 Cr |
| Total Income | ₹1,409.09 Cr | ₹1,365.32 Cr | ₹1,721.24 Cr | ₹2,117 Cr | ₹1,977.23 Cr | ₹1,845.94 Cr | ₹1,341.53 Cr |
| Cost of Materials Consumed | ₹1,027.11 Cr | ₹1,031.5 Cr | ₹1,425.84 Cr | ₹1,424.46 Cr | ₹1,372.49 Cr | ₹1,366.63 Cr | ₹1,115.73 Cr |
| Purchases of Stock-in-Trade | ₹8.5 Cr | ₹7.95 Cr | ₹11.12 Cr | ₹8.97 Cr | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹63.25 Cr | -₹6.55 Cr | -₹177.73 Cr | ₹201.38 Cr | ₹102.77 Cr | ₹64.44 Cr | -₹86.47 Cr |
| Employee Benefit Expense | ₹111.98 Cr | ₹110.44 Cr | ₹118.51 Cr | ₹118.03 Cr | ₹96.3 Cr | ₹92.75 Cr | ₹78.78 Cr |
| Finance Costs | ₹14.77 Cr | ₹18.52 Cr | ₹20.13 Cr | ₹25.85 Cr | ₹31.66 Cr | ₹47.65 Cr | ₹33.03 Cr |
| Depreciation & Amortisation | ₹36.74 Cr | ₹48.93 Cr | ₹52.5 Cr | ₹50.24 Cr | ₹43.63 Cr | ₹40.89 Cr | ₹36.87 Cr |
| Other Expenses | ₹104.21 Cr | ₹102.07 Cr | ₹126.88 Cr | ₹135.58 Cr | ₹111.71 Cr | ₹113.78 Cr | ₹92.01 Cr |
| Total Expenses | ₹1,366.57 Cr | ₹1,312.86 Cr | ₹1,577.26 Cr | ₹1,964.5 Cr | ₹1,758.55 Cr | ₹1,726.14 Cr | ₹1,269.96 Cr |
| Profit Before Exceptional Items & Tax | ₹42.52 Cr | ₹52.46 Cr | ₹143.99 Cr | ₹152.51 Cr | ₹218.67 Cr | ₹119.8 Cr | ₹71.57 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹42.52 Cr | ₹52.46 Cr | ₹143.99 Cr | ₹152.51 Cr | ₹218.67 Cr | ₹119.8 Cr | ₹71.57 Cr |
| Total Tax Expense | ₹11.68 Cr | ₹29.12 Cr | ₹60.47 Cr | ₹47.7 Cr | ₹63.46 Cr | ₹28.26 Cr | -₹1.88 Cr |
| Net Profit | ₹30.84 Cr | ₹23.34 Cr | ₹83.52 Cr | ₹104.81 Cr | ₹155.22 Cr | ₹91.54 Cr | ₹73.45 Cr |
| Other Comprehensive Income | ₹77.35 Lakh | -₹43.71 Lakh | -₹91.66 Lakh | -₹64.35 Lakh | ₹35.86 Lakh | ₹3.67 Cr | -₹7.94 Cr |
| Total Comprehensive Income | ₹31.61 Cr | ₹22.9 Cr | ₹82.6 Cr | ₹104.17 Cr | ₹155.57 Cr | ₹95.2 Cr | ₹65.51 Cr |
| EBITDA (computed) | ₹94.03 Cr | ₹119.91 Cr | ₹216.62 Cr | ₹228.59 Cr | ₹293.96 Cr | ₹208.35 Cr | ₹141.47 Cr |
| Basic EPS | ₹1.66 | ₹1.26 | ₹4.44 | ₹5.57 | ₹8.24 | ₹4.86 | ₹3.90 |
| Diluted EPS | ₹1.66 | ₹1.26 | ₹4.44 | ₹5.57 | ₹8.24 | ₹4.86 | ₹3.90 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹1,297.71 Cr | ₹1,462.87 Cr | ₹1,415.31 Cr | ₹1,280.01 Cr |
| Non-current Assets | ₹537.66 Cr | ₹556.59 Cr | ₹590.4 Cr | ₹594.25 Cr |
| Current Assets | ₹760.05 Cr | ₹906.27 Cr | ₹824.91 Cr | ₹685.76 Cr |
| Property, Plant & Equipment | ₹525.78 Cr | ₹543.44 Cr | ₹578.26 Cr | ₹578.68 Cr |
| Inventories | ₹677.83 Cr | ₹750.66 Cr | ₹740.91 Cr | ₹560.69 Cr |
| Trade Receivables | ₹49.88 Cr | ₹61.76 Cr | ₹35.65 Cr | ₹71.55 Cr |
| Cash & Equivalents | ₹13.09 Cr | ₹82.02 Cr | ₹56.55 Lakh | ₹66.78 Lakh |
| Equity (Net Worth) | ₹828.71 Cr | ₹806.22 Cr | ₹822.08 Cr | ₹739.79 Cr |
| Equity Share Capital | ₹18.53 Cr | ₹18.53 Cr | ₹18.83 Cr | ₹18.83 Cr |
| Borrowings (Non-current) | ₹55.58 Cr | ₹92.63 Cr | ₹147.18 Cr | ₹214.22 Cr |
| Borrowings (Current) | ₹278.12 Cr | ₹410.57 Cr | ₹303.33 Cr | ₹156.54 Cr |
| Total Debt (computed) | ₹333.7 Cr | ₹503.21 Cr | ₹450.52 Cr | ₹370.76 Cr |
| Current Liabilities | ₹325.68 Cr | ₹476.98 Cr | ₹382.71 Cr | ₹298.27 Cr |
| Total Liabilities | ₹468.99 Cr | ₹656.65 Cr | ₹593.22 Cr | ₹540.21 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹129.12 Cr | ₹60.68 Cr | ₹13.37 Cr | ₹313.86 Cr | ₹352.45 Cr |
| Investing Cash Flow | -₹3.69 Cr | -₹6.55 Cr | -₹40.67 Cr | -₹91.51 Cr | -₹174.65 Cr |
| Financing Cash Flow | -₹194.36 Cr | ₹27.33 Cr | ₹27.2 Cr | -₹221.92 Cr | -₹177.72 Cr |
| Capital Expenditure | ₹7.04 Cr | ₹12.42 Cr | ₹50.78 Cr | ₹98.68 Cr | -₹15.97 Lakh |
| Free Cash Flow (computed) | ₹122.07 Cr | ₹48.26 Cr | -₹37.41 Cr | ₹215.19 Cr | ₹352.29 Cr |
| Dividends Paid | ₹9.27 Cr | ₹0 | ₹0 | ₹37.66 Cr | ₹61.2 Cr |
| Net Change in Cash | -₹68.93 Cr | ₹81.45 Cr | -₹10.23 Lakh | ₹43.52 Lakh | ₹8.44 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹425.43 Cr | ₹325.12 Cr | ₹245.93 Cr | ₹405.47 Cr | ₹458.85 Cr | ₹312.72 Cr | ₹246.06 Cr | ₹341.25 Cr | ₹379.94 Cr | ₹312.91 Cr | ₹445.5 Cr | ₹571.21 Cr |
| Other Income | ₹1.31 Cr | ₹3.04 Cr | ₹2.3 Cr | ₹50.12 Lakh | ₹21.77 Lakh | ₹3.68 Cr | ₹1.94 Cr | ₹60.33 Lakh | ₹2.12 Cr | ₹6.05 Cr | ₹3.18 Cr | ₹32.81 Lakh |
| Total Income | ₹426.74 Cr | ₹328.16 Cr | ₹248.23 Cr | ₹405.97 Cr | ₹459.07 Cr | ₹316.39 Cr | ₹248.01 Cr | ₹341.85 Cr | ₹382.06 Cr | ₹318.96 Cr | ₹448.68 Cr | ₹571.54 Cr |
| Cost of Materials Consumed | ₹548.82 Cr | ₹456.5 Cr | ₹48.72 Lakh | ₹21.31 Cr | ₹572.58 Cr | ₹456 Cr | ₹68.44 Lakh | ₹2.24 Cr | ₹570.74 Cr | ₹479.63 Cr | ₹4.2 Cr | ₹371.27 Cr |
| Purchases of Stock-in-Trade | ₹2.16 Cr | ₹55.27 Lakh | ₹55.98 Lakh | ₹5.23 Cr | ₹2.19 Cr | ₹18.87 Lakh | -₹65.35 Lakh | ₹6.23 Cr | ₹2.49 Cr | ₹19.32 Lakh | ₹50 Lakh | ₹7.94 Cr |
| Changes in Inventories | -₹261.85 Cr | -₹231.9 Cr | ₹234.63 Cr | ₹322.37 Cr | -₹278.53 Cr | -₹228.57 Cr | ₹218.63 Cr | ₹281.92 Cr | -₹320.45 Cr | -₹261.57 Cr | ₹349.2 Cr | ₹55.1 Cr |
| Employee Benefit Expense | ₹27.5 Cr | ₹33.1 Cr | ₹25.96 Cr | ₹25.42 Cr | ₹28.46 Cr | ₹33.24 Cr | ₹25.02 Cr | ₹23.72 Cr | ₹30.82 Cr | ₹34.41 Cr | ₹26.5 Cr | ₹26.78 Cr |
| Finance Costs | ₹6.19 Cr | ₹1.43 Cr | ₹1.75 Cr | ₹5.39 Cr | ₹7.68 Cr | ₹2.62 Cr | ₹2.65 Cr | ₹5.58 Cr | ₹6.86 Cr | ₹4.26 Cr | ₹3.5 Cr | ₹5.51 Cr |
| Depreciation & Amortisation | -₹1.44 Lakh | ₹12.45 Cr | ₹12.24 Cr | ₹12.06 Cr | ₹11.89 Cr | ₹12.41 Cr | ₹12.32 Cr | ₹12.3 Cr | ₹12.64 Cr | ₹13.59 Cr | ₹13.47 Cr | ₹12.8 Cr |
| Other Expenses | ₹22.21 Cr | ₹29.22 Cr | ₹25.56 Cr | ₹27.22 Cr | ₹27.17 Cr | ₹24.65 Cr | ₹25.4 Cr | ₹24.85 Cr | ₹23.16 Cr | ₹34.27 Cr | ₹36.39 Cr | ₹33.06 Cr |
| Total Expenses | ₹345.04 Cr | ₹301.36 Cr | ₹301.18 Cr | ₹419 Cr | ₹371.43 Cr | ₹300.54 Cr | ₹284.05 Cr | ₹356.84 Cr | ₹326.26 Cr | ₹304.79 Cr | ₹433.76 Cr | ₹512.45 Cr |
| Profit Before Exceptional Items & Tax | ₹81.7 Cr | ₹26.79 Cr | -₹52.94 Cr | -₹13.03 Cr | ₹87.63 Cr | ₹15.86 Cr | -₹36.04 Cr | -₹14.99 Cr | ₹55.8 Cr | ₹14.17 Cr | ₹14.93 Cr | ₹59.09 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹81.7 Cr | ₹26.79 Cr | -₹52.94 Cr | -₹13.03 Cr | ₹87.63 Cr | ₹15.86 Cr | -₹36.04 Cr | -₹14.99 Cr | ₹55.8 Cr | ₹14.17 Cr | ₹14.93 Cr | ₹59.09 Cr |
| Total Tax Expense | ₹24.29 Cr | ₹11.36 Cr | -₹20.32 Cr | -₹3.65 Cr | ₹41.3 Cr | ₹5.13 Cr | -₹12.05 Cr | -₹5.26 Cr | ₹32.91 Cr | ₹4.37 Cr | ₹4.67 Cr | ₹18.47 Cr |
| Net Profit | ₹57.41 Cr | ₹15.44 Cr | -₹32.62 Cr | -₹9.38 Cr | ₹46.33 Cr | ₹10.73 Cr | -₹24 Cr | -₹9.73 Cr | ₹22.89 Cr | ₹9.81 Cr | ₹10.26 Cr | ₹40.62 Cr |
| Other Comprehensive Income | ₹77.35 Lakh | ₹0 | ₹0 | ₹0 | -₹43.71 Lakh | ₹0 | ₹0 | ₹0 | -₹91.66 Lakh | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹58.18 Cr | ₹15.44 Cr | -₹32.62 Cr | -₹9.38 Cr | ₹45.89 Cr | ₹10.73 Cr | -₹24 Cr | -₹9.73 Cr | ₹21.97 Cr | ₹9.81 Cr | ₹10.26 Cr | ₹40.62 Cr |
| EBITDA (computed) | ₹87.88 Cr | ₹40.68 Cr | -₹38.95 Cr | ₹4.43 Cr | ₹107.2 Cr | ₹30.89 Cr | -₹21.07 Cr | ₹2.89 Cr | ₹75.3 Cr | ₹32.02 Cr | ₹31.9 Cr | ₹77.39 Cr |
| Basic EPS | ₹3.10 | ₹0.83 | ₹-1.76 | ₹-0.51 | ₹2.50 | ₹0.58 | ₹-1.29 | ₹-0.52 | ₹1.22 | ₹0.52 | ₹0.55 | ₹2.16 |
| Diluted EPS | ₹3.10 | ₹0.83 | ₹-1.76 | ₹-0.51 | ₹2.50 | ₹0.58 | ₹-1.29 | ₹-0.52 | ₹1.22 | ₹0.52 | ₹0.55 | ₹2.16 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Sugar | ₹397.22 Cr | ₹65.98 Cr | ₹912.22 Cr | ₹71.23 Cr |
| Distilliery | ₹131.96 Cr | ₹23.34 Cr | ₹359.76 Cr | ₹1.51 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Sugar | ₹1,277.26 Cr | ₹30.77 Cr | - | - |
| Distilliery | ₹342.45 Cr | ₹32.78 Cr | - | - |
Board & Governance of Dwarikesh Trading Company Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Dwarikesh Trading Company Limited has 8 directors - 4 independent and 4 executive. The board is chaired by Gautam Radheshyam Morarka.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Gautam Radheshyam Morarka | Executive Director · Chairperson | 2019-01-01 | 2 |
| Balkishan J Maheshwari | Executive Director · MD | 2009-05-01 | 1 |
| Vijay Sitaram Banka | Executive Director · MD | 2009-05-01 | 1 |
| Gopal Bhimrao Hosur | Non-Executive - Independent Director | 2020-11-02 | 2 |
| Rajan Krishnanath Medhekar | Non-Executive - Independent Director | 2020-11-02 | 2 |
| Priyanka Gautam Morarka | Executive Director | 2025-05-22 | 2 |
| Bharati Balaji | Non-Executive - Independent Director | 2025-06-01 | 1 |
| Arun Kumar Tulsian | Non-Executive - Independent Director | 2025-05-22 | 2 |
| Committee | Members |
|---|---|
| Audit Committee | Vijay Sitaram Banka, Gopal Bhimrao Hosur (Chairperson), Rajan Krishnanath Medhekar, Arun Kumar Tulsian, Bharati Balaji |
| Nomination and remuneration committee | Gopal Bhimrao Hosur (Chairperson), Rajan Krishnanath Medhekar, Arun Kumar Tulsian, Bharati Balaji |
| Stakeholders Relationship Committee | Gopal Bhimrao Hosur (Chairperson), Rajan Krishnanath Medhekar, Arun Kumar Tulsian, Bharati Balaji, Balkishan J Maheshwari, Vijay Sitaram Banka |
| Risk Management Committee | Gautam Radheshyam Morarka, Balkishan J Maheshwari, Vijay Sitaram Banka, Gopal Bhimrao Hosur (Chairperson), Rajan Krishnanath Medhekar, Arun Kumar Tulsian, Priyanka Gautam Morarka, Bharati Balaji |
| Corporate Social Responsibility Committee | Gautam Radheshyam Morarka, Balkishan J Maheshwari, Gopal Bhimrao Hosur (Chairperson), Vijay Sitaram Banka, Rajan Krishnanath Medhekar, Priyanka Gautam Morarka, Arun Kumar Tulsian, Bharati Balaji |
Charges & Borrowings Dwarikesh Trading Company Limited
Dwarikesh Trading Company Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Dwarikesh Trading Company Limited
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Employee Count & EPFO Data of Dwarikesh Trading Company Limited
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GST Compliance of Dwarikesh Trading Company Limited
GSTIN & GST Filing Data of Dwarikesh Trading Company Limited
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Credit Ratings, Litigation & Regulatory Alerts for Dwarikesh Trading Company Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Dwarikesh Trading Company Limited
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MSME Payment Delays by Dwarikesh Trading Company Limited
MSME Payment Delays by Dwarikesh Trading Company Limited
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Subsidiaries & Group Companies of Dwarikesh Trading Company Limited
Subsidiaries & Group Companies of Dwarikesh Trading Company Limited
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MCA Filings & Documents of Dwarikesh Trading Company Limited
MCA Filings & Documents of Dwarikesh Trading Company Limited
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Recent Activity on Dwarikesh Trading Company Limited
Recent News on Dwarikesh Trading Company Limited
Frequently Asked Questions about Dwarikesh Trading Company Limited
Dwarikesh Trading Company Limited is an active public limited company in the fashion and textile sector based in Na, Maharashtra, India. It was incorporated on 26 September 1981 (45+ years old) and is registered under CIN U46309MH1981PLC131588.
Dwarikesh Trading Company Limited reported revenue of ₹15.45 Cr for FY 2025 (up 43.00% YoY).
The current directors of Dwarikesh Trading Company Limited are:
The primary industry of Dwarikesh Trading Company Limited is fashion and textile. The company specifically operates in fashion retail. The company is currently active in this sector.
Dwarikesh Trading Company Limited can be reached at the registered office: 613 Maker Chambers – V 221 Nariman Point Mumbai – 21, Maharashtra, India, or through the website dwarikesh.com.
The authorised capital is ₹7.55 Cr, and the paid-up capital is ₹4.59 Cr.