Dwarikesh Sugar Industries Limited (DWARKESH) - Net Assets
Based on the latest financial reports, Dwarikesh Sugar Industries Limited (DWARKESH) has net assets worth Rs8.29 Billion INR (≈ $89.62 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs12.98 Billion ≈ $140.34 Million USD) and total liabilities (Rs4.69 Billion ≈ $50.72 Million USD). 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. Also explore net asset momentum of Dwarikesh Sugar Industries Limited to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs8.29 Billion |
| % of Total Assets | 63.86% |
| Annual Growth Rate | 8.8% |
| 5-Year Change | 23.08% |
| 10-Year Change | 161.76% |
| Growth Volatility | 37.81 |
Dwarikesh Sugar Industries Limited - Net Assets Trend (2006–2026)
This chart illustrates how Dwarikesh Sugar Industries Limited's net assets have evolved over time, based on quarterly financial data. Check strategic asset allocation of Dwarikesh Sugar Industries Limited to assess the company's strategic physical and investment asset allocation.
Annual Net Assets for Dwarikesh Sugar Industries Limited (2006–2026)
The table below shows the annual net assets of Dwarikesh Sugar Industries Limited from 2006 to 2026. For live market cap and overall valuation, see DWARKESH stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs8.29 Billion ≈ $89.62 Million |
+2.79% |
| 2025-03-31 | Rs8.06 Billion ≈ $87.19 Million |
-1.93% |
| 2024-03-31 | Rs8.22 Billion ≈ $88.91 Million |
+11.12% |
| 2023-03-31 | Rs7.40 Billion ≈ $80.01 Million |
+9.88% |
| 2022-03-31 | Rs6.73 Billion ≈ $72.81 Million |
+16.30% |
| 2021-03-31 | Rs5.79 Billion ≈ $62.61 Million |
+19.68% |
| 2020-03-31 | Rs4.84 Billion ≈ $52.31 Million |
+4.34% |
| 2019-03-31 | Rs4.64 Billion ≈ $50.14 Million |
+26.73% |
| 2018-03-31 | Rs3.66 Billion ≈ $39.56 Million |
+15.55% |
| 2017-03-31 | Rs3.17 Billion ≈ $34.24 Million |
+170.56% |
| 2016-03-31 | Rs1.17 Billion ≈ $12.65 Million |
+12.67% |
| 2015-03-31 | Rs1.04 Billion ≈ $11.23 Million |
-9.53% |
| 2014-03-31 | Rs1.15 Billion ≈ $12.41 Million |
-4.82% |
| 2013-03-31 | Rs1.21 Billion ≈ $13.04 Million |
-10.64% |
| 2012-03-31 | Rs1.35 Billion ≈ $14.60 Million |
-0.96% |
| 2011-03-31 | Rs1.36 Billion ≈ $14.74 Million |
-8.81% |
| 2010-03-31 | Rs1.49 Billion ≈ $16.16 Million |
-5.71% |
| 2009-03-31 | Rs1.58 Billion ≈ $17.14 Million |
+13.70% |
| 2008-03-31 | Rs1.39 Billion ≈ $15.08 Million |
-11.36% |
| 2007-03-31 | Rs1.57 Billion ≈ $17.01 Million |
+2.48% |
| 2006-03-31 | Rs1.53 Billion ≈ $16.60 Million |
-- |
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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs185.30 Million | 2.24% |
| Other Components | Rs8.10 Billion | 97.76% |
| Total Equity | Rs8.29 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 |
|---|---|
|
Niloerngruppen AB Series B
ST:NIL-B
|
$84.73 Million |
|
Transart Graphics Co Ltd
TW:8481
|
$84.77 Million |
|
Chuwa Wool Industry Co Taiwan Ltd
TW:1439
|
$84.78 Million |
|
Vizsla Copper Corp
V:VCU
|
$84.80 Million |
|
Columbus Acquisition Corp Unit
NASDAQ:COLAU
|
$84.69 Million |
|
Jinro Distillers Co. Ltd
KQ:018120
|
$84.67 Million |
|
Centrica PLC
LSE:CNA
|
$84.67 Million |
|
OSE Pharma SA
PA:OSE
|
$84.66 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 2025 to 2026, total equity changed from 8,062,164,000 to 8,287,139,999, a change of 224,975,999 (2.8%).
- Net income of 308,380,000 contributed positively to equity growth.
- Dividend payments of 92,651,000 reduced retained earnings.
- Other comprehensive income decreased equity by 380,368,000.
- Other factors increased equity by 389,614,999.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs308.38 Million | +3.72% |
| Dividends Paid | Rs92.65 Million | -1.12% |
| Other Comprehensive Income | Rs-380.37 Million | -4.59% |
| Other Changes | Rs389.61 Million | +4.7% |
| Total Change | Rs- | 2.79% |
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: 0.95x
- 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 4.10x to 0.95x 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 | Rs10.31 | Rs42.28 | x |
| 2007-03-31 | Rs9.94 | Rs42.28 | x |
| 2008-03-31 | Rs8.17 | Rs42.28 | x |
| 2009-03-31 | Rs9.57 | Rs42.28 | x |
| 2010-03-31 | Rs9.16 | Rs42.28 | x |
| 2011-03-31 | Rs8.35 | Rs42.28 | x |
| 2012-03-31 | Rs8.27 | Rs42.28 | x |
| 2013-03-31 | Rs7.39 | Rs42.28 | x |
| 2015-03-31 | Rs6.43 | Rs42.28 | x |
| 2016-03-31 | Rs7.17 | Rs42.28 | x |
| 2017-03-31 | Rs18.00 | Rs42.28 | x |
| 2018-03-31 | Rs19.43 | Rs42.28 | x |
| 2019-03-31 | Rs24.62 | Rs42.28 | x |
| 2020-03-31 | Rs25.69 | Rs42.28 | x |
| 2021-03-31 | Rs30.74 | Rs42.28 | x |
| 2022-03-31 | Rs35.76 | Rs42.28 | x |
| 2023-03-31 | Rs39.29 | Rs42.28 | x |
| 2024-03-31 | Rs43.66 | Rs42.28 | x |
| 2025-03-31 | Rs43.59 | Rs42.28 | x |
| 2026-03-31 | Rs44.61 | Rs42.28 | 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): 3.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.20%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 1.57x
- Recent ROE (3.72%) is below the historical average (4.27%), 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 | Rs54.98 Million |
| 2007 | -3.99% | -2.77% | 0.31x | 4.68x | Rs-220.09 Million |
| 2008 | -17.78% | -9.09% | 0.33x | 5.86x | Rs-387.20 Million |
| 2009 | 15.82% | 5.43% | 0.68x | 4.32x | Rs92.27 Million |
| 2010 | -6.06% | -1.63% | 0.78x | 4.74x | Rs-239.99 Million |
| 2011 | -9.66% | -2.25% | 0.89x | 4.84x | Rs-267.91 Million |
| 2012 | -8.38% | -1.62% | 0.93x | 5.57x | Rs-248.02 Million |
| 2013 | -16.05% | -2.09% | 1.40x | 5.48x | Rs-314.21 Million |
| 2014 | -5.06% | -0.75% | 1.24x | 5.43x | Rs-172.93 Million |
| 2015 | -89.39% | -13.92% | 0.67x | 9.62x | Rs-1.03 Billion |
| 2016 | 33.30% | 4.91% | 0.79x | 8.56x | Rs272.65 Million |
| 2017 | 50.05% | 13.31% | 1.13x | 3.33x | Rs1.27 Billion |
| 2018 | 27.73% | 7.09% | 1.45x | 2.70x | Rs648.66 Million |
| 2019 | 20.51% | 8.77% | 0.79x | 2.94x | Rs487.46 Million |
| 2020 | 15.19% | 5.50% | 0.83x | 3.33x | Rs250.83 Million |
| 2021 | 15.81% | 4.98% | 1.27x | 2.50x | Rs336.47 Million |
| 2022 | 23.05% | 7.86% | 1.39x | 2.11x | Rs878.87 Million |
| 2023 | 14.16% | 4.98% | 1.64x | 1.73x | Rs307.66 Million |
| 2024 | 10.16% | 4.89% | 1.21x | 1.72x | Rs13.09 Million |
| 2025 | 2.89% | 1.72% | 0.93x | 1.81x | Rs-572.86 Million |
| 2026 | 3.72% | 2.20% | 1.08x | 1.57x | Rs-520.33 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: $5,490,340,232
- Average return on equity (ROE) among peers: -38.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dwarikesh Sugar Industries Limited (DWARKESH) | Rs8.29 Billion | 13.58% | 0.57x | $84.73 Million |
| Avadh Sugar & Energy Limited (AVADHSUGAR) | $1.04 Billion | -0.01% | 19.06x | $137.49 Million |
| Bannari Amman Sugars Limited (BANARISUG) | $17.79 Billion | 5.88% | 0.25x | $471.54 Million |
| Dalmia Bharat Sugar and Industries Limited (DALMIASUG) | $5.13 Billion | 11.39% | 3.02x | $366.72 Million |
| DCM Shriram Industries Limited (DCMSRIND) | $7.17 Billion | 8.39% | 1.72x | $41.71 Million |
| Dhampur Sugar Mills Limited (DHAMPURSUG) | $8.85 Billion | 16.28% | 1.45x | $110.88 Million |
| Dharani Sugars&Chemicals Limited (DHARSUGAR) | $180.27 Million | -411.38% | 42.84x | $3.07 Million |
| KCP Sugar and Industries Corporation Limited (KCPSUGIND) | $3.72 Billion | 15.64% | 0.69x | $36.69 Million |
| Kothari Sugars And Chemicals Limited (KOTARISUG) | $1.31 Billion | 2.32% | 1.91x | $23.67 Million |
| Magadh Sugar & Energy Limited (MAGADSUGAR) | $4.24 Billion | 5.88% | 1.71x | $81.01 Million |
About Dwarikesh Sugar Industries Limited
Dwarikesh Sugar Industries Limited engages in the manufacture and sale of sugar in India. It is also involved in the co-generation and sale of power; manufacture of industrial alcohol, molasses, and ethanol; and production of hand sanitizers and liquid carbon dioxide. The company was formerly known as Dwarka Sugar Limited and changed its name to Dwarikesh Sugar Industries Limited in April 1994. D… Read more