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Dwarikesh Sugar Industries Ltd share Price Today

Company details

78.30
81.79
62.00
109.80
6M Return -8.38%
1Y Return -14.41%
Mkt Cap.(Cr) 1,481.18
Volume 8,536,661
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 8,536,661

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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 337.5 KLD & co-generation capacity of 91 MW. The company commissioned 175 KLD distillery in June 2022 at its Bareilly plant with the investment of Rs 230 crore.

    • The company would be able to increase distillery volumes to 11 crore litre in FY24 from 5.6 crore litre in FY22
Q1FY23 Results

    Posted strong results aided by sugar exports, ethanol volumes.

    • Sales was up by 64.8% YoY, driven by 71.9% growth in sugar sales
    • EBITDA was at Rs 76.6 crore, up 30.8% YoY, with margins at 11.8%
    • Consequent PAT was at Rs 39.7 crore (up 46.5% YoY)

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Research view on more stocks

Sugar manufacturing company Dwarikesh Sugar Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Quantity of sugar sold: 5.69 lakh quintals (all domestic) compared to 8.75 lakh quintals (including export of 0.66 lakh quintals) in Q4FY23.
  • Average realization on domestic sugar sold: Rs 3,763 per quintal compared to Rs 3,410 per quintal in Q4FY23.
  • Industrial Alcohol sold: 21,145 KL compared to 29,501 KL in Q4FY23.
  • Outstanding long-term loans: Rs 214.67 crore including SEFASU 2018 loan of Rs 6.72 crore, with the balance amount of Rs 207.95 crore in respect of loans availed for the distillery projects.
  • Profit before tax (PBT): Rs 55.80 crore
  • Profit after tax (PAT): Rs 22.89 crore

FY24 Financial Highlights:

  • Quantity of sugar sold: 27.52 lakh quintals (all domestic) compared to 42.00 lakh quintals (including export of 10.00 lakh quintals) in the previous year.
  • Average realization on domestic sugar sold: Rs 3,707 per quintal compared to Rs 3,464 per quintal in the previous year.
  • Industrial Alcohol sold: 94,407 KL compared to 84,175 KL in the previous year, with 20,944 KL made from sugarcane juice/syrup directly compared to 46,203 KL sold (made from sugarcane juice directly) in the previous year.
  • Sugar stock: 18.31 lakh quintals compared to 10.61 lakh quintals as on 31st March 2023, valued at Rs 3,355 per quintal.
  • Profit before tax (PBT): Rs 143.99 crore
  • Profit after tax (PAT): Rs 83.52 crore

Result PDF

View Other Company Results

Dwarikesh Sugar Industries Ltd shares SWOT Analysis

Strengths (4)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Book Value per share Improving for last 2 years
  • Company with Zero Promoter Pledge

Weakness (9)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Companies with growing costs YoY for long term projects

Resistance and support

R1 80.9
R2 83.1
R3 84.4
Pivot

79.58

S1 77.4
S2 76.1
S3 73.9
EMA SMA
72.1
72.7
76.1
81.2
71.0
72.0
76.3
84.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-06-13 78.16 1914642 NSE
HRTI PRIVATE LIMITED Bulk Purchase 2024-06-13 78.36 1755580 NSE
QE SECURITIES LLP Bulk Purchase 2024-06-13 78.43 979776 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 78.66 728.00 49.15 430.20 394.30
% Change 0.29 1.05 -0.30 -2.04 0.68
Mcap Cr 1,481.18 12,923.31 10,461.53 8,679.24 8,631.15
Revenue TTM Cr 1,709.57 35,243.80 9,020.75 4,665.86 5,616.84
Net Profit TTM Cr 83.52 1,827.74 -196.67 284.17 1,791.81
PE TTM 17.73 14.37 0.00 16.23 21.76
1 Year Return -14.41 55.04 12.47 7.19 38.81
ROCE 13.43 39.86 0.00 10.41 17.30
ROE 10.70 32.04 0.00 10.03 23.28
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 822.08 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,452.94 -2,589.17
LAST 3M 105,794.56 -32,067.62
LAST 6M 178,880.68 -18,917.36
LAST 12M 290,144.87 98,834.05

Dwarikesh Sugar Industries Ltd Information

Stock PE (TTM)
17.73
Promoter Holding
42.09%
Book Value
43.6577
ROCE
13.43%
ROE
10.7%
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 Jun 14, 2024 03:58 PM the closing price of Dwarikesh Sugar Industries Ltd was Rs.78.66.

The latest PE ratio of Dwarikesh Sugar Industries Ltd as of Jun 14, 2024 03:58 PM is 17.73

The latest PB ratio of Dwarikesh Sugar Industries Ltd as of Jun 14, 2024 03:58 PM is 0.56

The 52-week high of Dwarikesh Sugar Industries Ltd share price is Rs. 109.80 while the 52-week low is Rs. 62.00

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

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 Jun 14, 2024 03:58 PM, the market cap of Dwarikesh Sugar Industries Ltd stood at Rs. 1,481.18.

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