Dwarikesh Sugar Industries Limited
Dwarikesh Sugar Industries Limited engages in the manufacture and sale of sugar and ethanol in India and internationally. It is also involved in the co-generation and sale of power; manufacture of industrial alcohol and ethanol; and production of hand sanitizers. The company was formerly known as Dwarka Sugar Limited and changed its name to Dwarikesh Sugar Industries Limited in April 1994. Dwarik… Read more
Dwarikesh Sugar Industries Limited (DWARKESH) - Net Assets
Latest net assets as of September 2025: ₹7.55 Billion INR
Based on the latest financial reports, Dwarikesh Sugar Industries Limited (DWARKESH) has net assets worth ₹7.55 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹10.28 Billion) and total liabilities (₹2.73 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹7.55 Billion |
| % of Total Assets | 73.42% |
| Annual Growth Rate | 9.12% |
| 5-Year Change | 39.26% |
| 10-Year Change | 588.99% |
| Growth Volatility | 38.73 |
Dwarikesh Sugar Industries Limited - Net Assets Trend (2006–2025)
This chart illustrates how Dwarikesh Sugar Industries Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dwarikesh Sugar Industries Limited (2006–2025)
The table below shows the annual net assets of Dwarikesh Sugar Industries Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹8.06 Billion | -1.93% |
| 2024-03-31 | ₹8.22 Billion | +11.12% |
| 2023-03-31 | ₹7.40 Billion | +9.88% |
| 2022-03-31 | ₹6.73 Billion | +16.30% |
| 2021-03-31 | ₹5.79 Billion | +19.68% |
| 2020-03-31 | ₹4.84 Billion | +4.34% |
| 2019-03-31 | ₹4.64 Billion | +26.73% |
| 2018-03-31 | ₹3.66 Billion | +15.55% |
| 2017-03-31 | ₹3.17 Billion | +170.56% |
| 2016-03-31 | ₹1.17 Billion | +12.67% |
| 2015-03-31 | ₹1.04 Billion | -9.53% |
| 2014-03-31 | ₹1.15 Billion | -4.82% |
| 2013-03-31 | ₹1.21 Billion | -10.64% |
| 2012-03-31 | ₹1.35 Billion | -0.96% |
| 2011-03-31 | ₹1.36 Billion | -8.81% |
| 2010-03-31 | ₹1.49 Billion | -5.71% |
| 2009-03-31 | ₹1.58 Billion | +13.70% |
| 2008-03-31 | ₹1.39 Billion | -11.36% |
| 2007-03-31 | ₹1.57 Billion | +2.48% |
| 2006-03-31 | ₹1.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dwarikesh Sugar Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 602768400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹6.03 Billion | 74.77% |
| Common Stock | ₹185.30 Million | 2.30% |
| Other Comprehensive Income | ₹380.37 Million | 4.72% |
| Other Components | ₹1.47 Billion | 18.22% |
| Total Equity | ₹8.06 Billion | 100.00% |
Dwarikesh Sugar Industries Limited Competitors by Market Cap
The table below lists competitors of Dwarikesh Sugar Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wemade Max Co. Ltd
KQ:101730
|
$41.64 Million |
|
Inversa Prime SOCIMI S.A.
MC:YIPS
|
$41.66 Million |
|
China Tian Lun Gas Holdings Limited
F:TLJ
|
$41.67 Million |
|
Southland Holdings Inc.
NASDAQ:SLND
|
$41.68 Million |
|
Invictus Energy Ltd
AU:IVZ
|
$41.62 Million |
|
Taewoong Logistics Co.Ltd
KQ:124560
|
$41.61 Million |
|
Alucon Public Company Limited
BK:ALUCON
|
$41.60 Million |
|
SBI Investment KOREA Co. Ltd
KQ:019550
|
$41.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dwarikesh Sugar Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,220,817,000 to 8,062,164,000, a change of -158,653,000 (-1.9%).
- Net income of 233,357,000 contributed positively to equity growth.
- Share repurchases of 391,534,000 reduced equity.
- Other comprehensive income increased equity by 813,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹233.36 Million | +2.89% |
| Share Repurchases | ₹391.53 Million | -4.86% |
| Other Comprehensive Income | ₹813.00K | +0.01% |
| Other Changes | ₹-1.29 Million | -0.02% |
| Total Change | ₹- | -1.93% |
Book Value vs Market Value Analysis
This analysis compares Dwarikesh Sugar Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.55x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹10.31 | ₹36.55 | x |
| 2007-03-31 | ₹9.94 | ₹36.55 | x |
| 2008-03-31 | ₹8.17 | ₹36.55 | x |
| 2009-03-31 | ₹9.57 | ₹36.55 | x |
| 2010-03-31 | ₹9.16 | ₹36.55 | x |
| 2011-03-31 | ₹8.35 | ₹36.55 | x |
| 2012-03-31 | ₹8.27 | ₹36.55 | x |
| 2013-03-31 | ₹7.39 | ₹36.55 | x |
| 2015-03-31 | ₹6.43 | ₹36.55 | x |
| 2016-03-31 | ₹7.17 | ₹36.55 | x |
| 2017-03-31 | ₹18.00 | ₹36.55 | x |
| 2018-03-31 | ₹19.43 | ₹36.55 | x |
| 2019-03-31 | ₹24.62 | ₹36.55 | x |
| 2020-03-31 | ₹25.69 | ₹36.55 | x |
| 2021-03-31 | ₹30.74 | ₹36.55 | x |
| 2022-03-31 | ₹35.76 | ₹36.55 | x |
| 2023-03-31 | ₹39.29 | ₹36.55 | x |
| 2024-03-31 | ₹43.66 | ₹36.55 | x |
| 2025-03-31 | ₹43.59 | ₹36.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dwarikesh Sugar Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.72%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.81x
- Recent ROE (2.89%) is below the historical average (4.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 13.58% | 8.88% | 0.66x | 2.32x | ₹54.98 Million |
| 2007 | -3.99% | -2.77% | 0.31x | 4.68x | ₹-220.09 Million |
| 2008 | -17.78% | -9.09% | 0.33x | 5.86x | ₹-387.20 Million |
| 2009 | 15.82% | 5.43% | 0.68x | 4.32x | ₹92.27 Million |
| 2010 | -6.06% | -1.63% | 0.78x | 4.74x | ₹-239.99 Million |
| 2011 | -9.66% | -2.25% | 0.89x | 4.84x | ₹-267.91 Million |
| 2012 | -8.38% | -1.62% | 0.93x | 5.57x | ₹-248.02 Million |
| 2013 | -16.05% | -2.09% | 1.40x | 5.48x | ₹-314.21 Million |
| 2014 | -5.06% | -0.75% | 1.24x | 5.43x | ₹-172.93 Million |
| 2015 | -89.39% | -13.92% | 0.67x | 9.62x | ₹-1.03 Billion |
| 2016 | 33.30% | 4.91% | 0.79x | 8.56x | ₹272.65 Million |
| 2017 | 50.05% | 13.31% | 1.13x | 3.33x | ₹1.27 Billion |
| 2018 | 27.73% | 7.09% | 1.45x | 2.70x | ₹648.66 Million |
| 2019 | 20.51% | 8.77% | 0.79x | 2.94x | ₹487.46 Million |
| 2020 | 15.19% | 5.50% | 0.83x | 3.33x | ₹250.83 Million |
| 2021 | 15.81% | 4.98% | 1.27x | 2.50x | ₹336.47 Million |
| 2022 | 23.05% | 7.86% | 1.39x | 2.11x | ₹878.87 Million |
| 2023 | 14.16% | 4.98% | 1.64x | 1.73x | ₹307.66 Million |
| 2024 | 10.16% | 4.89% | 1.21x | 1.72x | ₹13.09 Million |
| 2025 | 2.89% | 1.72% | 0.93x | 1.81x | ₹-572.86 Million |
Industry Comparison
This section compares Dwarikesh Sugar Industries Limited's net assets metrics with peer companies in the Confectioners industry.
Industry Context
- Industry: Confectioners
- Average net assets among peers: $10,226,760,639
- Average return on equity (ROE) among peers: 12.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dwarikesh Sugar Industries Limited (DWARKESH) | ₹7.55 Billion | 13.58% | 0.36x | $41.62 Million |
| Avadh Sugar & Energy Limited (AVADHSUGAR) | $3.91 Billion | 22.55% | 4.42x | $25.36 Million |
| Bajaj Hindusthan Sugar Limited (BAJAJHIND) | $27.77 Billion | -4.92% | 3.97x | $166.10 Million |
| Balrampur Chini Mills Limited (BALRAMCHIN) | $37.96 Billion | 11.51% | 0.88x | $636.76 Million |
| Bannari Amman Sugars Limited (BANARISUG) | $2.10 Billion | 20.74% | 2.16x | $59.33 Million |
| Dalmia Bharat Sugar and Industries Limited (DALMIASUG) | $4.30 Billion | 19.91% | 2.32x | $45.16 Million |
| Davangere Sugar Company Limited (DAVANGERE) | $2.41 Billion | 1.34% | 0.98x | $18.73 Million |
| DCM Shriram Industries Limited (DCMSRIND) | $2.23 Billion | 17.81% | 2.27x | $16.54 Million |
| Dhampur Sugar Mills Limited (DHAMPURSUG) | $12.26 Billion | 20.48% | 2.20x | $36.59 Million |
| Dharani Sugars&Chemicals Limited (DHARSUGAR) | $-892.40 Million | 0.00% | 0.00x | $1.18 Million |