Vishwaraj Sugar Industries Ltd. (VISHWARAJ) AI Stock Analysis

• Market Cap: ₹1.14B
• Dividend Yield: 2.88%
• Average Volume (3M): 75.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: -3.45%
• EPS Growth: -858.71%
• Country: IN
• Employees: 880
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Confectioners
• EPS (TTM): -0.31
• Shares Outstanding: 217,827,700
• 10 Day Avg. Volume: 25,535
• 30 Day Avg. Volume: 75,094
• PEG Ratio: 0.02
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 0.41
• P/FCF Ratio: -2.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: ₹4.50 ▼(-35.06% Downside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is held down primarily by deteriorating financial performance (margin compression, revenue decline, net loss) and sharply negative free cash flow. Technical indicators also reflect a sustained downtrend and weak momentum, while the high dividend yield provides only partial support given loss-making earnings.

Positive Factors

Diversified co-product revenue

Vishwaraj’s ability to sell ethanol, molasses and generate/sell power from bagasse provides multiple revenue streams beyond sugar. This structural diversification helps smooth cyclical sugar margins, allows tactical product-mix shifts, and supports long-term cash generation when sugar realizations fluctuate.

Negative Factors

Severe margin compression

A collapse in gross margin to near single digits signals structural pressure from rising input costs, weaker sugar realizations, or lower recovery rates. Persistently compressed margins reduce the firm’s ability to cover fixed costs, impair reinvestment capacity, and weaken resilience to future cane-price or policy shocks.

Vishwaraj Sugar Industries Ltd. Business Overview & Revenue Model

Company Description

Vishwaraj Sugar Industries Limited manufactures and sells sugar and other related products in India. It operates through Sugar, Co-Generation, Distillery, IML, and Vinegar segments. The company also produces distillery products, including ethanol,...

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Vishwaraj Sugar Industries Limited manufactures and sells sugar and other related products in India. It operates through Sugar, Co-Generation, Distillery, IML, and Vinegar segments. The company also produces distillery products, including ethanol,...

How the Company Makes Money

Vishwaraj Sugar Industries Ltd. primarily makes money by selling sugar produced from sugarcane. A significant portion of earnings can also come from monetizing co-products of the sugar manufacturing process: (1) Ethanol/industrial alcohol: where a...

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Vishwaraj Sugar Industries Ltd. primarily makes money by selling sugar produced from sugarcane. A significant portion of earnings can also come from monetizing co-products of the sugar manufacturing process: (1) Ethanol/industrial alcohol: where a...

Vishwaraj Sugar Industries Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.32B	4.54B	5.50B	6.15B	4.66B	4.10B
Gross Profit	150.29M	139.21M	718.74M	1.09B	1.18B	737.59M
EBITDA	59.79M	193.16M	673.63M	678.56M	942.77M	614.73M
Net Income	-354.07M	-370.23M	144.98M	-234.46M	601.60M	82.93M
Balance Sheet
Total Assets	8.07B	8.19B	7.99B	7.26B	7.70B	7.12B
Cash, Cash Equivalents and Short-Term Investments	85.52M	96.93M	11.93M	15.43M	122.22M	484.02M
Total Debt	3.54B	3.91B	3.66B	3.56B	3.70B	3.76B
Total Liabilities	5.64B	5.38B	5.31B	4.71B	4.87B	4.86B
Stockholders Equity	2.43B	2.80B	2.68B	2.56B	2.83B	2.26B
Cash Flow
Free Cash Flow	481.03M	-664.97M	198.58M	336.11M	19.76M	471.59M
Operating Cash Flow	863.01M	161.54M	1.46B	520.65M	352.11M	559.00M
Investing Cash Flow	-394.48M	-826.51M	-1.25B	-183.76M	-328.07M	-85.27M
Financing Cash Flow	-479.94M	749.97M	-224.42M	-442.61M	-381.01M	-62.15M

Vishwaraj Sugar Industries Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 6.93
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VISHWARAJ, the sentiment is Neutral. The current price of 6.93 is above the 20-day moving average (MA) of 4.93, above the 50-day MA of 5.53, and below the 200-day MA of 7.58, indicating a neutral trend. The MACD of -0.21 indicates Negative momentum. The RSI at 53.07 is Neutral, neither overbought nor oversold. The STOCH value of 80.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:VISHWARAJ.

Vishwaraj Sugar Industries Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAWANASUG	71 Outperform	₹3.76B	22.43	―	4.69%	6.31%	161.73%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
INCREDIBLE	59 Neutral	₹1.60B	26.50	―	―	10.59%	82.10%
RAJSREESUG	53 Neutral	₹931.77M	-3.19	―	―	-27.56%	-734.03%
KOTARISUG	49 Neutral	₹2.03B	4.71	―	―	-39.31%	-110.49%
VISHWARAJ	44 Neutral	₹1.14B	-5.57	―	2.88%	-3.45%	-858.71%

Vishwaraj Sugar Industries Ltd. Corporate Events