Highlights

• Dwarikesh Sugar operates three integrated plants across Uttar Pradesh’s key cane-producing regions.
• Combined crushing capacity stands at 21,500 TCD with integrated ethanol and power operations.
• Stock recorded notable intraday movement on March 30, 2026, with active trading range.

Dwarikesh Sugar Industries (NSE:DWARKESH) featured among actively tracked stocks on March 30, 2026. The stock traded at ₹ 46.48, up 10.54% for the session.

The stock opened at ₹ 42.99 and touched an intraday high of ₹ 48.40, while the low remained at ₹ 42.16. The previous closing price stood at ₹ 42.05, indicating a wide trading band during the session.

Source: TradingView

Operations Anchored in Uttar Pradesh

The company operates three manufacturing facilities located in Uttar Pradesh, which is a major sugar-producing state in India. Two plants are situated in Bijnor district, known for concentrated sugarcane production supported by fertile and well-irrigated land.

The third plant is located in Bareilly, positioned in the Ganges plains region with alluvial soil conditions. The locations provide access to established cane-growing areas and connectivity to major consumption markets, including proximity to national highways.

Integrated Business Model

Dwarikesh Sugar follows an integrated model spanning sugar production, ethanol manufacturing, and power generation. The company processes sugarcane through crushing operations across its three facilities.

The total sugarcane crushing capacity stands at 21,500 tons per day (TCD). By-products such as molasses and bagasse are utilized in downstream operations, including distillery output and power generation.

Ethanol production capacity is distributed across two facilities, with 162.5 KLPD at Dwarikesh Nagar and 175 KLPD at Dwarikesh Dham. Power generation capacity is approximately 94 MW, with a surplus of around 54 MW supplied externally.

Capacity Expansion and Milestones

The company has expanded its operational footprint over the yea₹ Starting with a 2,500 TCD plant in 1995, capacity has increased to 21,500 TCD across three units.

Distillery capacity has also scaled up significantly, reaching a combined level of 337.5 KLPD in recent yea₹ Cogeneration capacity has expanded alongside, reflecting integrated utilization of by-products.

Milestones include commissioning of multiple plants, expansion of distillery operations, and supply of surplus power to the state grid.

Financial Snapshot

For the nine months of FY26, total income stood at ₹ 9,823.6 million compared to ₹ 9,062.5 million in the corresponding period of the previous year.

EBIDTA for the period was ₹ 61.5 million, while profit after tax stood at negative ₹ 265.7 million. These figures reflect variations compared to prior periods, where profitability metrics also showed fluctuations.

Key Risks

• Earnings volatility linked to sugar price cycles and government policies.
• Dependence on sugarcane availability and agricultural conditions.
• Exposure to regulated ethanol pricing and blending policies.
• Negative profitability in recent reported period may affect financial stability.

Summary

Dwarikesh Sugar Industries Limited operates an integrated sugar, ethanol, and power business with three plants in Uttar Pradesh. With a crushing capacity of 21,500 TCD and ethanol capacity of 337.5 KLPD, the company has scaled operations over time. Financial performance for FY26 shows revenue growth but negative profitability. The stock recorded notable intraday movement on March 30, 2026.

FAQs

1. What is the total sugarcane crushing capacity of Dwarikesh Sugar Industries?
   The company has a total crushing capacity of 21,500 tons of cane per day across three plants.
2. How much ethanol production capacity does the company currently have?
   The combined ethanol production capacity stands at approximately 337.5 KLPD across two distillery units.
3. Where are Dwarikesh Sugar’s manufacturing plants located?
   The company’s plants are located in Bijnor district and Bareilly in Uttar Pradesh, India.