Vishwaraj Sugar Industries Limited - agriculture in Belgaum, Karnataka, India. FY 2026 financials & compliance.
CIN L85110KA1995PLC017730 Incorporated 02 May 1995 ROC Bangalore HQ Belgaum, Karnataka, India
Active Listed - NSE: VISHWARAJ · BSE: 542852 Public Limited Company agriculture
Data last updated
Market Cap
₹104 Cr
VISHWARAJ · NSE
Share Price
₹4.83
+0.84% today
Revenue
₹377 Cr
FY 2025-26 · -17.0% YoY
EBITDA
−₹9.74 Cr
Margin -2.6%
Net Profit
−₹28.17 Cr
FY 2025-26 · +24.0% YoY
ROE
-10.6%
ROCE -3.2%
Debt / Equity
1.52
Interest cover -106.1x
Authorised capital
₹125 Cr
Registered with MCA

About Vishwaraj Sugar Industries Limited

Data last updated:

Vishwaraj Sugar Industries Limited is a public limited company based in Belgaum, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 02 May 1995 and has been in existence for over 31 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L85110KA1995PLC017730. Its GSTIN is 29AABCV1727H1ZA (Karnataka). It is a listed company as per MCA records. Its shares are listed on BSE: 542852 and NSE: VISHWARAJ.

The company has an authorised share capital of ₹125 Cr and a paid-up capital of ₹43.57 Cr. It was formerly known as Vishwanath Sugars Limited and Vishwanath Sugar and Steel Industries Limited. It is led by directors including Nikhil Umesh Katti (Managing Director) and Kush Katti (Whole-Time Director).

Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bellad Bagewadi Taluk:: Hukkeri, Belgaum, Karnataka, India – 591305.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹376.81 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹28.17 Cr (net margin -7.5%) and EBITDA of -₹9.74 Cr (EBITDA margin -2.6%). The net worth stands at ₹252.96 Cr (down 9.8% YoY). Total assets are valued at ₹677.99 Cr (up 0.3% YoY).

The company has about 849 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Vishwaraj Sugar Industries Limited. As per MCA filings, the company has open charges of ₹593.2 Cr and satisfied charges of ₹984.44 Cr on record. Court records list 81 cases involving the company, including 46 filed by the company and 35 filed against it; 20 cases are pending. The company has 76 deals on record (72 market trades, 2 funding rounds, 1 qip), with disclosed funding of ₹300 Cr; the latest was in October 2024.

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

Company details

CIN L85110KA1995PLC017730
Registration Number 017730
Incorporation Date 02 May 1995
ROC Bangalore
Listing Status Listed - Listed on NSE (VISHWARAJ); Listed on BSE (542852)
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Vishwaraj Sugar Industries has undergone 2 name changes throughout its history. The company was previously known as Vishwanath Sugars Limited, and Vishwanath Sugar And Steel Industries Limited.. The current legal name is Vishwaraj Sugar Industries Limited.

Company NameStatus
Vishwaraj Sugar Industries LimitedCurrent
Vishwanath Sugars LimitedPrevious
Vishwanath Sugar And Steel Industries Limited.Previous

CIN history

Vishwaraj Sugar Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L85110KA1995PLC017730, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L85110KA1995PLC017730Current
U85110KA1995PLC017730Previous
U01542KA1995PLC017730Previous

Contact details

Vishwaraj Sugar Industries Limited's registered office is in District Belgaum, Karnataka. Its website is vsil.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
  • Registered Address
    Bellad Bagewadi Taluk:: Hukkeri, Belgaum, Karnataka, India – 591305
  • Industry
    Agriculture, Sugar Processing

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

Comprehensive company report
Vishwaraj 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
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Brands

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

BrandDescriptionWebsite
Sugar-based products are manufactured and packaged, with by-products produced.vsil.co.in

Business activity

The main business activity of Vishwaraj Sugar Industries is manufacturing. In detail, this covers manufacture of food products and coke and refined petroleum products. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing10Manufacture of food products
CManufacturingC5Coke and refined petroleum products

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

Financials of Vishwaraj Sugar Industries Limited

FY 2025-26 filings available

Vishwaraj Sugar Industries Limited reported revenue of ₹376.81 Cr (down 17% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹377 Cr
-17.0% YoY
EBITDA
−₹9.74 Cr
-183.5% YoY
Profit After Tax
−₹28.17 Cr
+23.9% YoY
Net Worth
₹253 Cr
-9.8% YoY
Total Assets
₹678 Cr
+0.3% YoY
Total Debt
₹421 Cr
+7.7% 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
Revenue377454550616469426370
Revenue growth-17.0%-17.4%-10.8%+31.5%+9.9%+15.2%-
EBITDA(9.74)11.6766.1866.2093.4462.0238.37
EBITDA margin-2.6%+2.6%+12.0%+10.7%+19.9%+14.5%+10.4%
Profit before tax(51.77)(31.08)22.2725.5447.1712.22(16.53)
Net profit(28.17)(37.04)14.97(23.45)60.158.41(7.94)
Net profit margin-7.5%-8.2%+2.7%-3.8%+12.8%+2.0%-2.1%
EPS (₹)(1.29)(1.70)0.77(1.25)16.022.21(2.10)
Balance sheet
Total assets678676637614656605571
Net worth253280268256283226222
Total debt421391366356370376347
Cash & bank2.559.691.192.5913.1648.867.70
Net working capital189236258341336318275
Cash flow
Cash from operations37.1850.3614652.0735.2155.9048.96
Cash from investing(44.64)(82.59)(125)(18.38)(32.81)(8.53)(27.39)
Cash from financing0.3240.73(22.44)(44.26)(38.10)(6.21)(15.72)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10711177.6855.0413316793.2092.78
Revenue growth (YoY)-19.5%-33.4%-16.7%-40.7%+31.4%---
Other income3.161.501.780.831.875.440.620.59
Total expenses11810678.2561.6814115475.94104
EBITDA(10.85)5.00(0.57)(6.64)(7.53)12.4817.26(11.12)
EBITDA margin-10.1%+4.5%-0.7%-12.1%-5.7%+7.5%+18.5%-12.0%
Depreciation6.134.793.863.954.063.743.823.90
Interest12.0114.384.084.616.676.1613.437.31
Profit before tax(25.83)(12.67)(6.73)(14.37)(16.39)8.020.63(21.74)
Tax0.00(23.60)0.000.000.005.960.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10711177.6855.0413316793.2092.78
Revenue growth (YoY)-19.5%-33.4%-16.7%-40.7%+31.4%---
Other income3.161.501.780.831.875.440.620.59
Total expenses11810678.2561.6814115475.94104
EBITDA(10.85)5.00(0.57)(6.64)(7.53)12.4817.26(11.12)
EBITDA margin-10.1%+4.5%-0.7%-12.1%-5.7%+7.5%+18.5%-12.0%
Depreciation6.134.793.863.954.063.743.823.90
Interest12.0114.384.084.616.676.1613.437.31
Profit before tax(25.83)(12.67)(6.73)(14.37)(16.39)8.020.63(21.74)
Tax0.00(23.60)0.000.000.005.960.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue377454550616469426370
Revenue growth-17.0%-17.4%-10.8%+31.5%+9.9%+15.2%-
Other income5.997.632.502.861.520.611.41
Total expenses387442484550375364332
Employee cost25.4222.7920.6520.2718.3513.8412.55
EBITDA(9.74)11.6766.1866.2093.4462.0238.37
EBITDA margin-2.6%+2.6%+12.0%+10.7%+19.9%+14.5%+10.4%
Depreciation18.2816.1115.9115.9815.5114.7514.57
Interest29.7434.2730.5027.5432.2835.6641.74
Profit before tax(51.77)(31.08)22.2725.5447.1712.22(16.53)
Tax(23.60)5.967.7948.99(12.98)3.93(8.66)
Net profit(28.17)(37.04)14.97(23.45)60.158.41(7.94)
Net profit margin-7.5%-8.2%+2.7%-3.8%+12.8%+2.0%-2.1%
EPS (₹)(1.29)(1.70)0.77(1.25)16.022.21(2.10)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital43.5743.5737.5637.5637.5637.5637.56
Reserves & surplus209237231218245188184
Shareholders' funds (net worth)253280268256283226222
Secured loans376360346337370349332
Unsecured loans44.6730.6319.0518.340.0027.2815.06
Total debt421391366356370376347
Total liabilities678676637614656-571
Assets
Gross block626403397394380347339
Net block481276287298300282288
Capital work in progress21.652011244.020.000.000.00
Investments2.611.311.311.311.311.311.31
Inventories251236277303367286290
Sundry debtors22.6529.9040.6443.3032.2529.9725.26
Cash & bank balances2.559.691.192.5913.1648.867.70
Loans & advances43.6460.5764.8369.3737.8160.1452.99
Total current assets319336383418450425376
Total current liabilities13110012576.82114106101
Net working capital189236258341336318275
Total assets678676637614656605571
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash9.691.192.5913.1648.867.701.84
Net cash from operating activities37.1850.3614652.0735.2155.9048.96
Net cash from investing activities(44.64)(82.59)(125)(18.38)(32.81)(8.53)(27.39)
Net cash from financing activities0.3240.73(22.44)(44.26)(38.10)(6.21)(15.72)
Net change in cash(7.14)8.50(1.40)(10.57)(35.70)41.165.86
Closing cash2.559.691.192.5913.1648.867.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-17.0%-17.4%-10.8%+31.5%+9.9%+15.2%-
EBITDA growth-183.5%-82.4%-0.0%-29.2%+50.7%+61.6%-
PBT growth-66.6%--12.8%-45.9%+286.0%+9998.0%+30.8%
Net income growth+24.0%-347.4%+163.8%-139.0%+615.2%+205.9%-
Revenue CAGR (3Y)-15.1%-1.1%+8.8%+18.5%+17.9%+24.4%+9.3%
EBITDA CAGR (3Y)--50.0%+2.2%+19.9%+55.7%+38.1%-5.8%
Profitability & leverage
Net income margin-7.5%-8.2%+2.6%-3.8%+12.8%+1.9%-2.1%
Return on capital employed-3.3%+0.5%+8.4%+8.4%+12.6%+8.2%+4.5%
Return on net worth-10.6%-13.5%+5.5%-8.7%+23.7%+3.7%-3.6%
Debt / equity1.521.381.381.351.471.611.58
Long-term debt / equity0.480.360.300.320.380.440.36
Interest cover-106.14-771.8560.6754.8441.4275.44175.38
Efficiency & per share
Fixed asset turnover0.731.131.391.591.291.241.18
Inventory turnover1.551.771.901.841.441.481.23
Debtors turnover14.3412.8713.1016.3215.0715.4411.84
EPS (₹)(1.29)(1.70)0.77(1.25)16.022.21(2.10)
Dividend per share (₹)0.000.000.200.100.201.000.00
Book value per share (₹)11.6112.8814.2913.6175.2460.1859.07

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

Board of directors of Vishwaraj Sugar Industries Limited

Vishwaraj Sugar Industries has 8 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kush KattiWhole-Time Director30 Jun 201313 Years 4 MonthsCurrent
Nikhil Umesh KattiManaging Director16 Jan 200917 Years 9 MonthsCurrent
Basavaraj Veerappa HagaragiDirector30 Sep 20179 Years 1 MonthsCurrent
Vishnukumar Mahadev KulkarniDirector17 Jul 20206 Years 3 MonthsCurrent
Shivanand Basavanneppa TubachiDirector30 Sep 20179 Years 1 MonthsCurrent
Pramod Pratibha MunnolliDirector30 Sep 20179 Years 1 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Vishwaraj Sugar Industries Limited is audited by M/s. P. G. Ghali & Co. for the financial year 2025.

Auditor firmFinancial yearFirm registration number
M/s. P. G. Ghali & Co.FY 2025011092S

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 29.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 1.30% and retail and other public shareholders hold 69.70%.

Promoters: 29.00%DII (Domestic Institutional): 1.30%Retail & Others: 69.70%
Sep 2026
QUARTER
29.00% Promoters
1.30% DII (Domestic Institutional)
69.70% Retail & Others
Promoter holding - history
Now 29.00% · Sep 2026High 29.00% · Dec 2025Low 29.00% · Dec 2025
28%28.5%29%29.5%30%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 29.00%Mar 2026: 29.00%Jun 2026: 29.00%Sep 2026: 29.00%29.00%29.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters29.00%29.00%29.00%29.00%
Public71.00%71.00%71.00%71.00%

Charges & borrowings

Open charges
₹593.2 Cr
Satisfied charges
₹984.44 Cr
Breakdown by lending institutions
Others₹283.00 Cr
State Bank of India₹174.78 Cr
Bank of India₹135.42 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Jul 2026101373731Bank of India₹100 CrOpen
03 Feb 2026101230294Others₹20 CrOpen
29 Nov 2025101205116State Bank of India₹100 CrOpen
29 Nov 2024101020329State Bank of India₹74.5 CrOpen
12 Aug 2024100963697Others₹125 CrOpen

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

Total charge records: 48 View all charges

Deals & funding

Vishwaraj Sugar Industries Limited has 76 deals on record (72 market trades, 2 funding rounds, 1 qip), with disclosed funding of ₹300 Cr; the latest was in October 2024.

Total deals
76
Market trades
72
Funding rounds
2
QIP
1
IPO
1
Disclosed funding
₹300 Cr

Deals on record (5 of 76)

WhenDealAmountParties
Oct 2024Market trade₹5.19 CrBuyer: Neomile Corporate Advisory Limited
Sep 2024Market trade₹2.18 CrBuyer: Hrti Private Limited
Seller: Hrti Private Limited
Sep 2024Market trade₹9.12 CrBuyer: Hrti Private Limited
Seller: Neomile Growth Fund - Series I, Hrti Private Limited
Sep 2024Market trade₹8.18 CrBuyer: Hrti Private Limited , B.W.Traders, Anant Wealth Consultants Private Limited
Seller: Hrti Private Limited , B.W.Traders, Anant Wealth Consultants Private Limited
Sep 2024Market trade₹3.09 CrBuyer: Hrti Private Limited
Seller: Hrti Private Limited

To see the full deal history of Vishwaraj Sugar Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Vishwaraj Sugar Industries Limited was last rated by Brickwork on 20 May 2022.

Rating agencyRated onRating
Brickwork20 May 2022

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

MSME payment delays

No delayed payments to MSME suppliers are on our record for Vishwaraj Sugar Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Vishwaraj Sugar Industries Limited has a workforce of 849 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.

Employee count
849
Active EPFO establishments
1
Employee growth
0.24%

GST

Vishwaraj Sugar Industries has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AABCV1727H1ZAKarnatakaActive01 Jul 2017

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

Recent activity

Vishwaraj Sugar Industries Limited has 46 board changes on record since 1995: 27 appointments and 19 cessations. The latest: Mallikarjun Kadayya Pujar was appointed as Whole-Time Director on 16 Jul 2025.

Charges
A charge registered on 12 Mar 2009 via Charge ID 10152147 with Bank Of India was fully satisfied on 14 Jul 2026.
Charges
A charge with Bank Of India amounted to Rs. 100.00 Cr with Charge ID 101373731 was registered on 13 Jul 2026.
Filing
Vishwaraj Sugar Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101230294 was registered on 03 Feb 2026.
Charges
A charge registered on 28 Dec 2023 via Charge ID 100853524 with State Bank Of India was fully satisfied on 16 Dec 2025.
Charges
A charge registered on 27 Jan 2015 via Charge ID 10549970 with State Bank Of India was fully satisfied on 16 Dec 2025.
Charges
A charge with State Bank Of India amounted to Rs. 100.00 Cr with Charge ID 101205116 was registered on 29 Nov 2025.
AGM
Vishwaraj Sugar Industries Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Appointed
Mallikarjun Kadayya Pujar was appointed as Whole-Time Director.
Ceased
Mukesh Kumar ceased to be Whole-Time Director.
Charges
A charge with State Bank Of India amounted to Rs. 74.50 Cr with Charge ID 101020329 was registered on 29 Nov 2024.
Charges
A charge with Bank Of India of Rs. 35.00 Cr registered on 06 Feb 2021 with Charge ID 100415404 was modified on 01 Oct 2024.

132 earlier events are in the company report.

Frequently asked questions

Vishwaraj Sugar Industries is an active public limited company based in Belgaum, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 02 May 1995 (31+ years old) and is registered under CIN L85110KA1995PLC017730. Listed on BSE: 542852 and NSE: VISHWARAJ.

Vishwaraj Sugar Industries reported revenue of ₹376.81 Cr for FY 2025-26 (down 17% YoY) based on standalone financials.

Vishwaraj Sugar Industries has 8 current directors:

The latest financial statements of Vishwaraj Sugar Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Vishwaraj Sugar Industries is 29AABCV1727H1ZA, registered in Karnataka.

The CIN (Corporate Identification Number) of Vishwaraj Sugar Industries is L85110KA1995PLC017730. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Vishwaraj Sugar Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 542852) and NSE (symbol: VISHWARAJ).

Vishwaraj Sugar Industries has 81 court cases on record: 46 filed by the company and 35 filed against it. 20 are pending. Most are in the district courts.

Vishwaraj Sugar Industries was incorporated on 02 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.

Vishwaraj Sugar Industries has 76 deals on record (72 market trades, 2 funding rounds, 1 qip), with disclosed funding of ₹300 Cr; the latest was in October 2024.