Dharani Sugars & Chemicals Ltd

Dharani Sugars & Chemicals Ltd

₹ 8.55 2.40%
30 Jun 2023
About

Incorporated in 1987, Dharani Sugars and Chemicals Ltd deals in manufacturing Sugar,
Co-generation of Power and Alcohol including Ethanol[1]

Key Points

Product Profile:[1]
a) White Sugar
b) Generation of electricity
c) Industrial alcohol

  • Market Cap 28.4 Cr.
  • Current Price 8.55
  • High / Low /
  • Stock P/E
  • Book Value -22.8
  • Dividend Yield 0.00 %
  • ROCE -8.35 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.348 Cr.
  • Promoters have pledged 54.0% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
29 10 0 0 0 0 0 1 0 0 0 0 0
31 18 5 4 3 2 3 3 2 1 1 2 3
Operating Profit -1 -7 -5 -4 -3 -2 -3 -2 -2 -1 -1 -2 -3
OPM % -4% -73% -228%
0 1 0 0 0 0 0 0 0 0 120 36 1
Interest 1 1 1 -3 0 0 0 0 0 0 0 6 6
Depreciation 6 6 6 6 6 6 6 6 6 6 6 6 6
Profit before tax -8 -14 -12 -7 -8 -8 -8 -7 -7 -7 113 23 -13
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-8 -14 -12 -7 -8 -8 -8 -7 -7 -7 113 23 -13
EPS in Rs -2.43 -4.11 -3.54 -2.03 -2.43 -2.34 -2.45 -2.23 -2.23 -2.06 33.97 6.87 -4.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
578 524 364 364 509 482 316 110 31 40 1 0 0
486 475 374 324 435 482 353 154 49 57 10 7 8
Operating Profit 93 49 -11 40 74 -0 -37 -44 -18 -18 -9 -7 -8
OPM % 16% 9% -3% 11% 15% -0% -12% -40% -59% -45% -1,127%
2 2 18 9 8 17 4 35 6 1 0 156 157
Interest 54 65 66 68 75 79 75 2 2 0 0 6 12
Depreciation 24 29 21 23 23 23 23 22 23 23 22 22 22
Profit before tax 17 -43 -81 -43 -16 -85 -131 -33 -38 -40 -31 121 115
Tax % 28% -21% -8% -72% 12% 1% 14% -10% 0% 0% 0% 0%
12 -34 -74 -12 -17 -85 -149 -30 -38 -40 -31 121 115
EPS in Rs 4.15 -11.50 -25.23 -4.08 -5.25 -25.72 -44.98 -9.00 -11.46 -12.11 -9.45 36.54 34.73
Dividend Payout % 24% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -100%
Compounded Profit Growth
10 Years: 0%
5 Years: 12%
3 Years: 3%
TTM: -36%
Stock Price CAGR
10 Years: -8%
5 Years: 4%
3 Years: -26%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 29 29 29 29 33 33 33 33 33 33 33 33
Reserves 97 63 -11 158 141 57 -92 -122 -160 -200 -230 -109
528 556 588 611 620 559 518 512 536 533 539 419
173 184 184 185 165 208 236 180 158 169 176 150
Total Liabilities 827 832 790 982 959 857 694 603 568 536 518 493
487 477 462 629 610 604 583 558 538 514 492 470
CWIP 8 10 13 16 18 0 0 0 0 0 0 0
Investments 5 5 5 24 26 29 17 15 15 15 15 15
327 340 310 313 305 224 95 30 15 7 11 8
Total Assets 827 832 790 982 959 857 694 603 568 536 518 493

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
59 55 50 61 113 145 89 7 -14 -3 -5 126
-55 -12 -6 -4 -5 -8 14 0 1 0 0 0
-10 -41 -39 -65 -108 -138 -104 -9 18 -3 6 -127
Net Cash Flow -6 1 5 -8 1 -1 -1 -2 5 -6 1 -0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 25 15 43 55 40 35 49 57 60 42 2,008
Inventory Days 212 235 246 335 226 133 32 25 28 7
Days Payable 48 101 154 187 77 114 140 400 1,263 954
Cash Conversion Cycle 190 149 134 203 190 53 -59 -318 -1,175 -906 2,008
Working Capital Days 67 56 83 64 17 -88 -323 -445 -1,541 -1,324 -65,531
ROCE % 11% 3% -2% 4% 7% -1% -11% -15% -9% -10% -9% -8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
61.55% 61.55% 61.55% 61.55% 61.55% 61.55% 61.55% 61.55% 61.55% 61.55% 61.55% 61.55%
0.00% 0.00% 0.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
38.44% 38.44% 38.28% 38.43% 38.44% 38.44% 38.43% 38.43% 38.43% 38.43% 38.43% 38.43%
No. of Shareholders 17,93018,74419,77819,58619,76119,67419,46119,45919,45719,45019,44919,443

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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