Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep
Source: Bse
Dwarikesh Sugar Industries Limited (DWARKESH)
Small CapConsumer stocks · Small cap · NSE
Dwarikesh Sugar Industries Limited operates in Sugar, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:56 pm ISTDetails
Quote19 Oct, 05:56 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result28 Jul, 08:11 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags04 Oct 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
45NeutralSMA20 -7.9% / mo · MACD + · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 51
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
DWARKESHD candles · FIT view+0.6%Latest close ₹44.01 on 2026-10-19
Bar
-2.6%
RSI
46
MACD hist
0.21
52W pos
43%
2026-10-19O ₹45.20H ₹45.94L ₹43.18C ₹44.01Vol 17.4L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DWARKESHNifty Consumer DurablesNifty 500
- DWARKESH
- +1.5%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- +7.0 pp
Chart stats
19 Oct 2026- From 52W high
- -26.5%
- 52W range position
- 43%
- ATR (14)
- 5.5%
- Volume vs 20D
- 0.65x
- Avg traded value
- ₹12 Cr
- 20D price channel
- ₹40.4 - ₹50.3
₹59.9
₹32.1 - ₹59.9
₹2.4
Latest completed session
20-session average
62.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED23
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -11.6% · PAT NDF YoY
Technical
Neutral45
Price trend and sector-relative-strength timing.
Valuation
Legacy model-2260.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence60
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -12% YoY · margin compression
Filed 28 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹358 Cr | -11.6% | -15.8% |
| EBITDA | ₹-26 Cr | -750.0% | -129.9% |
| Operating margin | -7.0% | -800 bps | -2700 bps |
| PAT | ₹-26 Cr | NDF | -145.6% |
| PAT margin | -7.3% | -504 bps | -2067 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 56.30
- P/B
- 0.99
- EV/EBITDA
- 12.96
- Market Cap
- 817.00Cr
Profitability
- ROE
- 3.77%
- ROCE
- 4.62%
- ROA
- 1.08%
- Dividend Y
- 0.23%
Growth (CAGR)
- Revenue 5Y
- -5.00%
- EPS 5Y
- -20.00%
- Revenue 3Y
- -13.00%
- EPS 3Y
- -34.00%
Balance Sheet
- Debt/Equity
- 0.41
- Interest Coverage
- 4.75×
- Altman Z
- 3.34
- Book Value
- 44.70
Cash Flow
- FCF Yield
- 15.30%
- FCF Positive Y
- 8/5
- OCF
- 129.00 Cr
- EPS TTM
- 0.78
Shareholding
- Promoter Hold
- 42.15%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 43%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 1,355-3.4% vs prev
Net Profit
₹ CrLatest: 31.0+34.8% vs prev
Return on Equity
%Latest: 3.7+31.2% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term uptrend intact. RSI 46.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~8.6% over last month) — short-term momentum negative.
- RSI(14) at 46 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 27% off 52W high · 37% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
61
RS percentile
Stage 1 Base / Transition
1M return
+7.0%
3M return
+1.5%
6M return
-5.6%
1Y return
-1.2%
RS 1D
-4
RS 20D
+10
Sector rank
#9
Industry rank
#35
Stage evidence
- Price is within 1.4% of the 30-week proxy.
- The 30-week proxy changed +2.1% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 111.55-4.13%
RS vs Nifty 500112
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth0/25
Quality0/20
Balance Sheet8/15
Cash Flow10/10
Piotroski
5/9 (+3)
Penalties
0
Raw sum
23
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
23/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 15.3%.
- Cash flow contributes 10/10 to the score.
- Balance sheet contributes 8/15 to the score.
Main drags
- Fair-value margin of safety is negative at -2260.7%.
- Growth is weaker at 0/25; verify the latest quarterly trend.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
56.3
PB
1.0
EV/EBITDA
13.0
ROE
3.8%
ROCE
4.6%
FCF Yield
15.3%
Debt/Equity
0.4
MoS
-2260.7%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
23
Previous: 23
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-2260.7%
Previous: -2260.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
23
23
23
23
23
23
23
23
23
23
23
23
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹28.01
-57.1% MoS
Growth-justified P/E
2.4
Growth-justified Value
₹1.86
-2260.7% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
DBOL
Small
Dhampur Bio Organics Limited
Agro Processing
match 95
62
32.3
2.6%
+69%
UNDERVALUED
MAGADSUGAR
Small
Magadh Sugar & Energy Limited
Agro Processing
match 95
56
14.7
7.4%
+53%
FAIR VALUE
DHAMPURSUG
Small
Dhampur Sugar Mills Limited
Agro Processing
match 94
28
16.2
5.5%
-722%
OVERVALUED
DAVANGERE
Small
Davangere Sugar Company Limited
Agro Processing
match 92
29
47.5
2.0%
-4%
OVERVALUED
ANDHRSUGAR
Small
The Andhra Sugars Limited
Agro Processing
match 91
48
10.6
6.1%
-127%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Dwarikesh Sugar Industries Limited operates in Sugar, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
60Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 28th percentile of the scored universe and 30th percentile within Consumer. Main check: cash conversion is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
85 docs text-extracted · 5 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
28th percentile
overall median 67 · Consumer: 30th pctile, median 66 · Small: 32nd pctile, median 66
Evidence depth
Financial-only
85 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
66
acceptable · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
53
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.00.
- ▸4/4 latest quarters had positive YoY PAT growth.
- ▸Latest 3 quarters had positive YoY PAT growth.
Trust risks
- ▸Only 0 years of positive FCF.
- ▸Interest coverage is 1.4x.
- ▸1/4 latest quarters had positive YoY revenue growth.
- ▸OPM spread across recent quarters is 40%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Dwarikesh Sugar Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 6 Aug - Shareholders approved Gautam R. Morarka's 5-year re-appointment as Executive Chairman at the 32nd AGM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.