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Dwarikesh Sugar Industries Ltd share Price Today

Company details

68.80
75.15
68.80
109.80
6M Return -34.66%
1Y Return -14.35%
Mkt Cap.(Cr) 1,315.28
Volume 2,743,249
Div Yield 2.72%
OI
-
OI Chg %
-
Volume 2,743,249

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Robust numbers despite high cost of production…
About the stock

    Dwarikesh Sugar (DSL) is a UP based sugar company with sugar crushing capacity of 21500 TCD, distillery capacity of 163 KLD & co-generation capacity of 91 MW. It is undertaking a distillery capacity addition of 170 KLD with investment of Rs 230 crore. The distillery will be commissioned by June-2022.

    • The company would be able to increase distillery volumes to 11 crore litre in FY24 from 5.6 crore litre in FY22
Q4-FY22 Results

    DSL reported strong profit growth in Q4FY22.

    • Sales were down 20.8% YoY on account of absence of exports
    • EBITDA was at Rs 102.4 crore, up 24.3% YoY, with margins at 21.6%
    • Consequent PAT was at Rs 59.6 crore (up 23.6% YoY)

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Research view on more stocks

Dwarikesh Sugar Industries announced Q2FY24 & H1FY24 results:

1. Financial Performance:
- Dwarikesh Sugar Industries reported a profit before tax (PBT) of Rs 14.93 crore and profit after tax (PAT) of Rs 10.26 crore in Q2FY24, compared to PBT of Rs 11.19 crore and PAT of Rs 7.84 crore in Q2FY23.
- Total income for the quarter was Rs 448.68 crore, compared to Rs 542.42 crore in Q2FY23.
- For H1FY24, the company reported a PBT of Rs 74.01 crore and a PAT of Rs 50.88 crore.
- The total income for H1FY24 was Rs 1,020.22 crore, compared to Rs 1,190.83 crore in H1FY23.

2. Sugar Production and Prices:
- The Indian Sugar Mills Association (ISMA) has estimated that sugar production for the current season is 31.7 million tons, a decrease from 32.8 million tons in the previous season.
- Sugar prices have shown a notable resurgence, currently ranging between Rs 3,800 and Rs 3,900 per quintal.

3. Sales and Stock:
- Sugar sales for Q2FY24 were 7.19 lakh quintals, a decline from 11.49 lakh quintals in Q2FY23. The average realization on sugar sold during the quarter was Rs 3696 per quintal.
- Sugar sales for H1FY24 were 16.89 lakh quintals, compared to 26.78 lakh quintals in H1FY23. The average realization on sugar sold during H1 was Rs 3,645 per quintal.
- Sugar stock as of September 30, 2023, was 2.68 lakh quintals, compared to 1.81 lakh quintals as of September 30, 2022.

4. Industrial Alcohol Sales:
- Industrial alcohol sales for Q2FY24 were 28,736 KL, compared to 22,257 KL in Q2FY23.
- Industrial alcohol sales for H1FY24 were 59,090 KL, compared to 37,892 KL in H1FY23.

5. Loan Obligations:
- As of September 30, 2023, the company had outstanding long-term loans of Rs 258.37 crore, including a loan of Rs 20.17 crore for SEFASU 2018.

6. Outlook and Operational Efficiencies:
- The company highlights its commitment to enhancing operational efficiencies and maintaining strict cost controls.
- Despite challenges posed by weather conditions and pests, the company remains dedicated to optimizing its operations and ensuring sustainable performance.
 

 

 

Result PDF

View Other Company Results

Dwarikesh Sugar Industries Ltd shares SWOT Analysis

Strengths (3)

  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
  • Book Value per share Improving for last 2 years
  • Company with Zero Promoter Pledge

Weakness (11)

  • Negative Breakdown Third Support (LTP < S3)
  • New 52 week low today
  • Degrowth in Revenue and Profit

Opportunity (0)

Data not found

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 76.0
R2 78.2
R3 79.5
Pivot

74.72

S1 72.5
S2 71.2
S3 69.0
EMA SMA
78.8
81.3
84.4
87.7
79.2
81.4
85.0
89.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GOEL ANIL KUMAR Bulk Sell 2024-03-11 83.66 1439384 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-18 91.37 1166359 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-12-18 91.42 1166359 NSE
Name Category Shares
Gautam Radheshyam Morarka PROMOTER 15.17%
Pranay Gautam Morarka PROMOTER 0.66%
Smriti Gautam Morarka PROMOTER 0.53%
Dwarikesh Trading Company Ltd PROMOTER 13.94%
Morarka Finance Ltd PROMOTER 11.47%

OUR RESEARCH VIEW

Investment recommendation
Robust numbers despite high cost of production…
Call Date
02 Aug 2022
Entry Price 115.00
Target Price 150.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Dwarikesh Sugar Industries Ltd Stocks COMPARISON

Financials( in Cr) Dwarikesh Sugar Industries Ltd EID Parry (India) Ltd Shree Renuka Sugars Ltd Balrampur Chini Mills Ltd Triveni Engineering and Industries Ltd
Price 69.85 545.90 39.65 362.45 311.50
% Change -5.42 0.07 -0.75 0.08 -0.91
Mcap Cr 1,315.28 9,690.71 8,439.46 7,312.39 6,818.67
Revenue TTM Cr 2,102.96 35,243.80 9,020.75 4,665.86 5,616.84
Net Profit TTM Cr 104.81 1,827.74 -196.67 284.17 1,791.81
PE TTM 12.89 11.28 0.00 12.47 16.22
1 Year Return -14.35 21.16 -3.76 -0.48 22.90
ROCE 15.12 39.86 0.00 10.41 17.30
ROE 14.83 32.04 0.00 10.03 23.28
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 739.79 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 30,755.54 31,723.05
LAST 3M 69,913.40 26,515.65
LAST 6M 130,081.93 60,306.69
LAST 12M 189,259.39 205,003.99
Dwarikesh Sugar Industries Limited - Copy of Newspaper Publication

Mar 26, 2024 l NSE Announcement

Dwarikesh Sugar Industries Limited - Trading Window

Mar 22, 2024 l NSE Announcement

Date Action Type Ratio
Mar 31, 2023 Dividend 200
Apr 07, 2022 Dividend 200

Dwarikesh Sugar Industries Ltd Information

Stock PE (TTM)
12.89
Promoter Holding
42.09%
Book Value
41.9899
ROCE
15.12%
ROE
14.83%
Description
  • Dwarikesh Sugar Industries Ltd. is a small-cap company operating in the sugar sector. It manufactures the finest grains of sugar and its allied products. The company was incorporated on November 01, 1993, and is headquartered in Mumbai. Dwarikesh Sugar Industries Ltd. reported a consolidated total income of Rs. 1977.23 crore as of March 2022. This was higher than the preceding year by 7.11%. The company has a market capitalisation worth Rs. 2,196 crore as of 19 May 2022.

    The company is listed on the Bombay Stock Exchange (BSE) with the code 532610 and the National Stock Exchange (NSE) with the code DWARKESH.

    Dwarikesh Sugar Industries Ltd. commenced commercial production on 5 December, 1995, with the establishment of its first plant of 2500 TCD in the Bijnor district of Uttar Pradesh. The plant’s capacity has increased to 6500 TCD since then. In 2005, the company inaugurated another 7500 TCD plant in Bijnor, and in 2007, another 7500 TCD plant in Bareilly district.

    In 2020, during the Covid-19 pandemic, the company started manufacturing sanitisers at the distillery unit. The company manufactures various products from different sectors, including sugar, ethanol, and industrial alcohol production.

    The company’s present management comprises Mr Gautam R. Morarka, the founder-promoter, Mr B J Maheshwari, Mr Vijay S Banka, Mr B K Agarwal, and Mr K N Prithviraj, the directors, and Mr Alok Lohia, the chief financial officer.

    The shareholding pattern of Dwarikesh Sugar Industries Ltd. as of March 2022 indicates 46.96% of Dwarikesh sugar shares are with the general public, 42.09% shares are held by promoters, 7.70% shares are held by foreign institutional investors, 3.38% shares are with domestic institutional investors, and 3.25% are with mutual fund holdings.

    When it comes to Dwarikesh share price, as of 19 May 2022, Dwarikesh Sugar share price in NSE is trending at Rs. 116.95. The 52-week high for Dwarikesh Sugar share price was Rs. 148.50, and the 52-week low was Rs. 50.20. The Dwarikesh Sugar share price in BSE is trending at Rs. 116.65, as of 19 May 2022. Over the last month, the Dwarikesh share price saw a fall of 12.98%.

    The company has invested 0.89% in DSP Small Cap Direct Plan Growth.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Dwarikesh Nagar, , Bijnor, Uttar Pradesh, 246762

Tel : 91-1342-267057-64
Email : dsilbom:dwarikesh.com; investors:dwarikesh.com
Website : http://www.dwarikesh.com
Registrar

Universal Capital Sec. Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532610
NSE Code : DWARKESH
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE366A01041

FAQ’s on Dwarikesh Sugar Industries Ltd Shares

You can buy Dwarikesh Sugar Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Dwarikesh Sugar Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:19 PM the closing price of Dwarikesh Sugar Industries Ltd was ₹ 69.85.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:19 PM, the market cap of Dwarikesh Sugar Industries Ltd stood at ₹ 1,315.28.

The latest PE ratio of Dwarikesh Sugar Industries Ltd as of Mar 28, 2024 03:19 PM is 12.89

The latest PB ratio of Dwarikesh Sugar Industries Ltd as of Mar 28, 2024 03:19 PM is 0.57

The 52-week high of Dwarikesh Sugar Industries Ltd share price is ₹ 109.80 while the 52-week low is ₹ 68.80

According to analyst recommendations, Dwarikesh Sugar Industries Ltd Share has a “Buy” rating for the long term.

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