Vishwaraj Sugar Industries Ltd. Stock Analysis VISHWARAJ.NS

Vishwaraj Sugar Industries Ltd. is a sugar and other allied products manufacturing company. The company is headquartered in Belgaum, Karnataka and currently employs 964 full-time employees. The company went IPO on 2019-10-15. The Company’s operations include production of sugar, alcoholic spirits by distillation including ethanol, blending and bottling of Indian made foreign liquor (IMFL), vinegar and generation of power. The firm's operating segments include Sugar, Co-generation, Distillery, Vinegar, and IML. The company operates a single location sugar unit having licensed crushing capacity of approximately 11,000 tons of cane per day (TCD). The company also manufactures other allied products like rectified spirits, extra-neutral spirits, natural alcohol vinegar, compost, carbon dioxide, and others. The company is also engaged in the generation of power for captive consumption as well as external sale. Its integrated unit processes sugarcane to produce sugar and the by-product bagasse is used to generate electricity for captive use and commercial sale, and molasses/sugarcane syrup is used to manufacture rectified spirit, ENA, and ethanol.