VISHWARAJFast Moving Consumer Goods

Vishwaraj Sugar Industries Limited

Sugar · ISIN INE430N01022 · BSE 542852 · NSE EQ · FV ₹2
Last price
₹5
-1.13%today
What this company does

Vishwaraj Sugar Industries Limited operates in Sugar, part of the Fast Moving Consumer Goods sector. It booked ₹107 cr of revenue in its latest quarter (Q1 FY27) and kept -24.1% of sales as profit.

In the report:
41out of 100
Equitytale Health Score
Strained

Healthier than 41% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 103–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns2

How much profit it earns on the money it employs · lowest in its sector on what we could measure

Balance sheet6

How much it owes, and whether earnings cover the interest

Cash quality98

Whether reported profit actually arrives as cash · highest in its sector on what we could measure

Growth & consistency15

Whether sales and profit have grown, and how steadily

Valuation93

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -24.1% net margin
! Sales down 20% vs last year
! Low -40.9% return on equity
! Carries high debt (D/E 1.7)

What if I invest in VISHWARAJ?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹5 -1.13%
latest close · 2026-09-17
52-wk low ₹5213 sessions so far52-wk high ₹46
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.45Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-40.9%Loss
WeakFairStrong ▸15%
Return on capital-13.6%Loss
WeakFairStrong
Net margin-24.1%Loss
ThinDecentStrong
EBITDA margin-7.2%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.66High
LowModerateHigh ▸1
Interest cover-1.2×Risky
RiskyOkayStrong ▸5×
Current ratio0.76Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹114 cr
Book value
₹12
EPS
₹-1.19
latest quarter
Net debt
₹418 cr
owes more than its cash
Enterprise value
₹532 cr
EBITDA
₹-31 cr
annualised
EBIT
₹-55 cr
annualised
Operating margin
-12.9%
Return on assets
-12.5%
Earnings yield
P/S
0.27
Sales / share
₹19.7
Tax rate
Face value
₹2
Shares
21.8 cr
Working capital
₹-100 cr
Current assets
₹319 cr
Current liabilities
₹420 cr
Delivery %
62.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹13₹13, midpoint ₹13

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹107 cr
Other Income₹3 cr
Total Income₹110 cr
Cost of Materials₹85.3 L
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹103 cr
Employee Benefit Expense₹5 cr
Finance Costs₹12 cr
Depreciation & Amortisation₹6 cr
Other Expenses₹9 cr
Total Expenses₹136 cr
Profit before Tax₹-26 cr
Tax Expense₹0 cr
Net Profit₹-26 cr
Net margin on total income-23.4%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹104 cr76.5%
Employee benefit expense₹5 cr3.6%
Finance costs₹12 cr8.8%
Depreciation & amortisation₹6 cr4.5%
Other expenses₹9 cr6.6%
Total income ₹110 cr

The company made a net loss of ₹26 cr this quarter — income covered only 81 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue78 cr111 cr107 cr
Total income79 cr113 cr110 cr
Expenses86 cr125 cr136 cr
Profit before tax-7 cr-13 cr-26 cr
Tax0 cr-24 cr0 cr
Net profit (owners' share)-7 cr11 cr-26 cr
Net margin (owners' share, on revenue)-8.6%9.8%-24.1%
EPS (₹)-0.310.53-1.19
YoY (latest quarter): total income -18.3% · net profit
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹828 cr
Shareholder equity
₹253 cr
parent shareholders
Total debt
₹421 cr
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹115 cr
Investing
₹-28 cr
Financing
₹-94 cr
Peer comparison
Sugar · by market value
CompanyPriceMarket capP/E
Bajaj Hindusthan Sugar Limited₹19₹15,563 cr
Balrampur Chini Mills Limited₹676₹14,275 cr78.2
Triveni Engineering & Industries Limited₹232₹5,123 cr341.8
Shree Renuka Sugars Limited₹23₹4,854 cr
Bannari Amman Sugars Limited₹3,303₹4,142 cr
Dalmia Bharat Sugar and Industries Limited₹391₹3,161 cr114.9
Dhampur Bio Organics Limited₹116₹2,039 cr
Avadh Sugar & Energy Limited₹721₹1,443 cr1,502.1
Dhampur Sugar Mills Limited₹152₹976 cr40.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.2
ex 20 Sep 2024
ActionDetailEx-date
Dividend₹0.2 / share20 Sep 2024
Dividend₹0.1 / share21 Feb 2023
Dividend₹0.2 / share18 Aug 2022
Stock splitStock Split From Rs.10/- to Rs.2/-21 Oct 2021
Dividend₹1 / share16 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
29.1%
FII / Foreign
DII / Domestic
1.3%
Retail / others
69.7%
Promoter stake down 4.6% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtNikhil Umesh Katti · Promoters70.93 L · ₹1.4 cr7 Dec 22
BoughtMr. Lava Katti · Director10.00 L · ₹2.2 cr4 Feb 22
BoughtNikhil Katti · Promoters10.00 L · ₹2.5 cr18 Jan 22
Bulk / block deals
BoughtNEOMILE CORPORATE ADVISORY LIMITED · NSE29.00 L @ ₹17.916 Oct 24
SoldHRTI PRIVATE LIMITED · NSE11.05 L @ ₹19.7230 Sep 24
BoughtHRTI PRIVATE LIMITED · NSE10.11 L @ ₹19.7230 Sep 24
Stake changes
SoldNeomile Growth fund -Series 1→ 4.34% · 22.43 L22 Sep 25
SoldNeomile Growth Fund-Series I→ 5.37% · 45.26 L3 Oct 24
BoughtNeomile Growth Fund-Series I→ 7.45% · 1.62 cr21 Sep 24
Promoter pledges
ReleasedIIFL1.00 L · 0.27% held10 Dec 21
PledgedIIFL1.00 L · 0.00% held29 Sep 21
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Financial Statements as at 31st March, 2025 and the reports of the Board of Directors and Auditors thereon.
Backed by 88% of shareholders other than promotersneeded 50%
3.32 L votes for, 47,154 against
2
To appoint a Director in place of Mr. Nikhil Katti who retires by rotation and being eligible has offered for Re-appointment.
Promoters had a personal stake in this
Backed by 85% of shareholders other than promotersneeded 50%
3.23 L votes for, 55,963 against
3
To ratify remuneration payable to the Cost Auditors of the Company for the Financial Year 2025-26.
Backed by 63% of shareholders other than promotersneeded 50%
2.37 L votes for, 1.41 L against
4
To appoint Mrs. Vinita D. Modak, Practicing Company Secretary as Secretarial Auditor of the Company for a term of 5 consecutive financial years commencing from the financial year 2025-26 up to the financial year 2029-30.
Backed by 88% of shareholders other than promotersneeded 50%
3.32 L votes for, 46,763 against
9
To approve holding office of profit by Mr. Lava Katti.
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 62% of shareholders other than promotersneeded 75%
2.36 L votes for, 1.43 L against
10
To approve for holding office of profit by Mrs. Shruti Katti.
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 62% of shareholders other than promotersneeded 75%
2.36 L votes for, 1.43 L against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 15 named members
owning 29.0% between them · as of 2026-06-30
NIKHIL UMESH KATTI11.73%
RAMESH VISHWANATH KATTI3.05%
LAVA RAMESH KATTI2.98%
JAYASHREE RAMESH KATTI2.89%
KUSH RAMESH KATTI2.63%
SHEELA UMESH KATTI2.62%
RAVINDRA SHRIKANT KATTI1.05%
SNEHA NITHIN DEV1.03%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.