ftInvstr
DWARKESH · Consumer Defensive ₹47.47 -3.44% Mkt Cap ₹882 Cr fair

DWARKESH

Consumer Defensive Confectioners
₹47.47
-3.44% today · 30d +17.24%
as of 2026-09-04
Price · Daily Candles
“Dwarkesh Sugar's Q4 net profit jumps 23.91% YoY, but revenue dips amid flat annual growth.”
Dwarkesh Sugar reported a robust 23.91% YoY net profit growth in Q4 2026 to ₹57 Cr, despite a 7.28% dip in quarterly revenue. Annually, revenue saw a marginal 3.17% increase to ₹1402 Cr, while net profit grew 32.15% to ₹31 Cr, signaling improving annual profitability despite long-term revenue and net profit CAGR declines of -12.84% and -33.47% over 3 years respectively.
BULL CASE
+Net profit recorded a significant 23.91% YoY increase in Q4 2026, reaching ₹57 Cr.
+Annual net profit grew by 32.15% to ₹31 Cr in FY26, despite a lower revenue growth.
+The company's PE ratio of 26.41 is below the sector average of 28.26 (excluding nulls), suggesting a relatively attractive valuation compared to some peers.
+The intrinsic value of ₹124.62 suggests a substantial 185.0% margin of safety at the current price of ₹43.72.
BEAR CASE
Q4 2026 revenue declined by 7.28% YoY to ₹425 Cr.
Operating profit in Q4 2026 saw an 18.03% YoY decrease, falling to ₹88 Cr.
Long-term growth remains a concern with 3-year revenue CAGR at -12.84% and net profit CAGR at -33.47%.
FII shareholding saw a marginal dip of -0.01% QoQ, while public shareholding decreased by -0.14% QoQ.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹358 Cr
-11.67% YoY
NET PROFIT
₹-26 Cr
OPM
-6.6%
-7.69pp YoY
EPS
₹-1.39
PE 26.41
Intrinsic value · DCF ₹56.46 · Margin of safety +18.9% (fair) · FCF yield 13.84%
◇ Sector Position
Dwarkesh Sugar's PE of 26.41 trades below sector leader BALRAMCHIN (PE 28.26) and above RENUKA (ROCE 41.51), positioning it as a moderately valued player in the Consumer Defensive sector.
PEERPEROCE %
DWARKESH26.41
BALRAMCHIN28.2618.11
TRIVENI34.014.33
RENUKA41.51
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62
SCORE / 100
Overall
6-axis composite of the sections below.
Performance STRONG 90
Valuation REASONABLE 60
Growth STEADY 63
Profitability LOW 5
Technicals NEUTRAL 62
Risk LOW 90
Key Stats
TTM PE
26.41
P/B
0.98
52W HIGH
₹59.9
OFF HIGH
-20.75%
DIV YIELD
0.23%
MKT CAP
₹882 Cr
◉ Active Signals
MACDNeutral-0.4827
RSI(14)Neutral49.41
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