What we do Dwarikesh Sugar Industries Ltd manufactures and sells sugar, generates power through cogeneration, and produces industrial alcohol (ethanol) with three plants in Uttar Pradesh, India. |
Founded in 1,993 |
Market share Among leading sugar producers in Uttar Pradesh with robust integrated operations in sugar, power, and distillery sectors. |
Problem solved Addresses demand for sugar, renewable energy, and industrial alcohol while supporting sugarcane farmers through sustainable crop development. |
Top clients or who we serve Supplies sugar, power, and ethanol primarily in domestic markets serving consumers, power grids, ethanol producers, and industrial clients (B2B and B2C). |
Key management - |
Our journey and innovations From first 2,500 TCD plant in 1993 to operating three plants with 21,500 TCD sugar capacity, 94 MW power, and expanded distillery capacity of 337.5 KLPD ethanol by 2025. |
Where we operate Operations concentrated in Uttar Pradesh with corporate and allied offices in New Delhi and Rajasthan serving Indian domestic market. |
Top products or what we offer Produces sugar, renewable power through cogeneration, and industrial alcohol including ethanol with flagship plants at Dwarikesh Nagar, Puram, and Dham. |
Top brands Bundki (brand under which products are marketed). |
Raw materials needed Sugarcane is the primary raw material for sugar and ethanol production; bagasse used for power generation. |
Raw materials supplier Local sugarcane farmers (~1.54 lakh) supply raw material directly to company plants. |
Recurring vs cyclical contribution Revenue is largely cyclical, influenced by seasonal sugarcane harvest and government policies. |
Our industry position Strong regional leader in Uttar Pradesh with significant market share in sugar production, power generation, and ethanol blending. |
Financial highlights FY 2024-25 revenue Rs 1358.88 Cr, Net Profit Rs 23.34 Cr; EBITDA margin at ~8.82%; faced volume declines due to cane availability. |
Geographical revenue split Entire revenue generated from domestic Indian market. |
Order book - |
Whats driving growth Growth driven by ethanol blending policy, government export quotas, cogeneration capacity, and varietal replacement programs. |
Our future plans Expanding ethanol distillery capacity and enhancing technological improvements in cropping to boost yields and recoveries. |
Our green promise Focus on renewable energy cogeneration from bagasse and sustainable agriculture practices with cane farmers. |
Our people and values Large workforce with emphasis on welfare and financial discipline; committed to ethical corporate governance. |
Key challenges ahead Challenges include cane availability declines, pest infestations, volatile sugar prices, and stagnant ethanol prices. |
Interesting facts Successfully completed Rs 31.5 Cr share buyback in 2024; operates three integrated facilities with combined crushing capacity of 21,500 TCD. |
Risks and strategy Mitigating raw material uncertainty via farmer engagement; leveraging policy incentives for ethanol; maintaining financial prudence. |
