Dwarikesh Sugar Industries Ltd share Price

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.