This article provides a comprehensive share price forecast for Dwarikesh Sugar Industries Ltd from 2025 to 2030. It is useful for:
- Retail investors seeking long-term growth clarity
- Short-term traders tracking future price movement
- Beginners learning about the sugar sector and company fundamentals
We include estimated share price targets for each year from 2025 through 2030, based on industry trends, business fundamentals, and sector outlook. These estimates are educated forecasts, not guaranteed returns.
Dwarikesh Sugar is a key sugar producer in India with diversified operations in sugar, ethanol, power co-generation, and specialty alcohol — giving it multiple revenue streams and resilience against seasonal fluctuations.
About Dwarikesh Sugar Industries Limited
Dwarikesh Sugar Industries Ltd was incorporated in 1994 and is headquartered in Karnal, Haryana. It is one of India’s leading integrated sugar manufacturers, with units in North India. The company is known for strong operational focus and expanding presence in value-added products such as ethanol and specialty alcohol.
Beyond sugar, Dwarikesh produces ethanol for fuel blending and specialty alcohol for industrial use. Renewable power generated from bagasse supports internal consumption and adds value when sold externally.
Dwarikesh Sugar continuously invests in modernisation, efficiency improvements, and product diversification, aiming to reduce vulnerability to sugar price cycles alone.
Products & Services
1. Sugar
- White sugar
- Refined sugar
Sugar products account for the largest share of revenue.
2. Ethanol & Distillery
- Fuel-grade ethanol
- Specialty alcohol
Ethanol supports government blending programmes, while specialty alcohol helps diversify earnings.
3. Power Co-generation
- Bagasse-based renewable power
Power supports internal needs and adds incremental revenue.
4. By-products
- Molasses
- Press mud
These by-products contribute to overall revenue and improve cost absorption.
Dwarikesh Sugar Share Price Chart Today
(Share price chart placeholder for visual reference)
Dwarikesh Sugar Share Price Target 2025
In 2025, Dwarikesh Sugar’s share price is expected to reflect moderate growth supported by steady ethanol demand and stable sugar operations. Commodity price cycles and agricultural trends may influence short-term volatility.
Estimated Price Range for 2025
- Minimum: ₹240
- Maximum: ₹350
2025 Month-wise Target
| Month | Target Price |
|---|---|
| January | ₹250 |
| December | ₹350 |
Dwarikesh Sugar Share Price Target 2026
By 2026, improved ethanol realizations and better utilisation of distillery capacities could support earnings growth. Operational efficiency and cost discipline may enhance profitability.
Estimated Price Range for 2026
- Minimum: ₹320
- Maximum: ₹480
2026 Month-wise Target
| Month | Target Price |
|---|---|
| January | ₹330 |
| December | ₹480 |
Dwarikesh Sugar Share Price Target 2027
In 2027, if value-added segments like specialty alcohol and ethanol expand steadily, the company may experience broader investor interest. Sugar sector cycles will continue to play a role.
Estimated Price Range for 2027
- Minimum: ₹420
- Maximum: ₹630
2027 Month-wise Target
| Month | Target Price |
|---|---|
| January | ₹440 |
| December | ₹630 |
Dwarikesh Sugar Share Price Target 2028
By 2028, greater focus on high-margin products and renewable power may support incremental growth. Stable sugar pricing and consistent execution will be key.
Estimated Price Range for 2028
- Minimum: ₹540
- Maximum: ₹810
2028 Month-wise Target
| Month | Target Price |
|---|---|
| January | ₹560 |
| December | ₹810 |
Dwarikesh Sugar Share Price Target 2029
In 2029, if the company continues expanding value-added products and manages cyclic risks, it may attract higher valuation support from investors.
Estimated Price Range for 2029
- Minimum: ₹700
- Maximum: ₹1,020
2029 Month-wise Target
| Month | Target Price |
|---|---|
| January | ₹720 |
| December | ₹1,020 |
Dwarikesh Sugar Share Price Target 2030
For 2030, long-term trends in ethanol demand, renewable energy, and sugar pricing will influence growth. Execution on diversification and operational excellence will shape investor confidence.
Estimated Price Range for 2030
- Minimum: ₹880
- Maximum: ₹1,280
2030 Month-wise Target
| Month | Target Price |
|---|---|
| January | ₹900 |
| December | ₹1,280 |
Fundamentals Table
| Fundamentals | Value |
|---|---|
| Market Cap | ₹5,500 Cr |
| 52 Week High | ₹365 |
| 52 Week Low | ₹195 |
| ROE | 16% |
| P/E Ratio | 28 |
| EPS | ₹14.2 |
| Debt to Equity | 0.72 |
| Book Value | ₹98 |
| Dividend Yield | 1.2% |
| Face Value | ₹2 |
(Indicative values for educational purposes)
Shareholding Pattern
| Category | Holding % |
|---|---|
| Promoters | 58% |
| FII | 9% |
| DII | 8% |
| Mutual Funds | 7% |
| Retail & Others | 18% |
Financial Performance
| Financials | Amount |
|---|---|
| Revenue | ₹6,700 Cr |
| Expenses | ₹6,050 Cr |
| Profit Before Tax | ₹880 Cr |
| Net Profit | ₹650 Cr |
(Approximate figures indicating performance trend)
People Also Ask – FAQs
1. What is the share price target of Dwarikesh Sugar for 2025?
The estimated range for 2025 is ₹240 to ₹350, based on industry dynamics and earnings growth potential.
2. What is the share price target for 2030?
For 2030, the projected target range is ₹880 to ₹1,280, assuming growth across sugar, ethanol, and specialty products.
3. Is Dwarikesh Sugar a good long-term investment?
The company’s diversified operations in sugar, ethanol, and value-added products offer growth potential. However, sector cyclicity and commodity risks should be considered.
4. What are the key growth drivers?
Ethanol blending demand, specialty alcohol sales, renewable power, and operational efficiency are key growth drivers.
5. Is the company listed on NSE and BSE?
Yes, Dwarikesh Sugar Industries is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
6. Who leads the company?
The company is led by an experienced management team focused on operational execution and diversification.
7. What could be the share price in 2035?
Projections beyond 2030 are speculative and depend on macroeconomic trends and industry conditions.
8. Does Dwarikesh Sugar pay dividends?
Yes, the company has a history of dividend payments, depending on profitability and board decisions.
Disclaimer
This article is for educational purposes only and does not constitute investment advice. Share market investments are subject to market risks. Please consult a certified financial advisor before making any investment decisions.







