Dwarikesh Sugar Industries Ltd

Dwarikesh Sugar Industries Ltd

₹ 79.2 -0.99%
27 Feb 4:01 p.m.
About

Dwarikesh Sugar Industries Ltd is primarily engaged in manufacturing of sugar and allied products. It has strong presence in fields such as sugar manufacturing, power and ethanol/ industrial alcohol production.[1] It is also a bio-energy company with supporting
businesses of sugar manufacture and power co-generation.

Key Points

Product Portfolio
Company manufactures sugar, ethanol (and related products) and power. [1]
The company is trying to consolidate itself from a sugar company into a bio-energy co.[2]

  • Market Cap 1,489 Cr.
  • Current Price 79.2
  • High / Low 110 / 75.0
  • Stock P/E 13.9
  • Book Value 42.0
  • Dividend Yield 2.53 %
  • ROCE 15.5 %
  • ROE 14.9 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 28.6%
  • Company's working capital requirements have reduced from 116 days to 87.7 days

Cons

  • Company might be capitalizing the interest cost

* 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
381.14 599.96 392.22 505.78 601.35 475.36 646.46 540.11 383.84 532.55 571.21 445.50 312.91
358.01 517.55 333.68 431.07 546.29 372.90 573.16 511.80 357.34 446.12 494.14 416.78 286.93
Operating Profit 23.13 82.41 58.54 74.71 55.06 102.46 73.30 28.31 26.50 86.43 77.07 28.72 25.98
OPM % 6.07% 13.74% 14.93% 14.77% 9.16% 21.55% 11.34% 5.24% 6.90% 16.23% 13.49% 6.45% 8.30%
4.05 1.35 1.04 0.67 0.97 0.50 1.95 2.31 7.89 1.89 0.33 3.18 6.05
Interest 9.63 10.12 13.71 8.60 3.89 5.45 7.76 6.16 6.00 5.92 5.51 3.50 4.26
Depreciation 10.28 10.36 10.24 10.59 11.03 11.77 10.79 13.27 13.37 12.81 12.80 13.47 13.59
Profit before tax 7.27 63.28 35.63 56.19 41.11 85.74 56.70 11.19 15.02 69.59 59.09 14.93 14.18
Tax % -2.75% 23.77% 23.97% 29.49% 29.75% 30.48% 30.00% 29.94% 29.96% 32.82% 31.24% 31.28% 30.75%
7.47 48.23 27.10 39.63 28.88 59.61 39.70 7.84 10.52 46.75 40.62 10.26 9.81
EPS in Rs 0.40 2.56 1.44 2.10 1.53 3.17 2.11 0.42 0.56 2.48 2.16 0.54 0.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
593 699 928 1,128 794 1,190 1,430 1,084 1,336 1,839 1,979 2,103 1,862
519 605 869 1,043 686 917 1,287 955 1,200 1,638 1,688 1,890 1,644
Operating Profit 75 94 59 86 108 273 142 129 136 201 291 213 218
OPM % 13% 13% 6% 8% 14% 23% 10% 12% 10% 11% 15% 10% 12%
0 2 13 10 13 18 17 36 5 7 3 15 11
Interest 60 79 71 75 52 52 25 21 33 48 32 26 19
Depreciation 33 33 33 47 31 30 32 33 37 41 44 50 53
Profit before tax -18 -16 -32 -27 39 209 102 111 72 120 219 152 158
Tax % 26% 28% 39% 37% 1% 25% 1% 14% -3% 24% 29% 31%
-13 -11 -19 -17 39 156 101 95 73 92 155 105 107
EPS in Rs -0.81 -0.69 -1.19 -1.03 2.39 8.29 5.39 5.05 3.90 4.86 8.24 5.57 5.70
Dividend Payout % 0% 0% 0% 0% 0% 12% 0% 20% 26% 26% 24% 36%
Compounded Sales Growth
10 Years: 12%
5 Years: 8%
3 Years: 16%
TTM: -9%
Compounded Profit Growth
10 Years: 27%
5 Years: 1%
3 Years: 13%
TTM: -9%
Stock Price CAGR
10 Years: 44%
5 Years: 22%
3 Years: 38%
1 Year: -6%
Return on Equity
10 Years: 22%
5 Years: 19%
3 Years: 19%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 16 16 16 16 19 19 19 19 19 19 19 19
Reserves 104 103 73 56 70 267 347 445 465 560 654 721 772
Preference Capital 16 16 31 31 31 0 0 0 0 0 0 0
467 525 392 624 656 533 342 656 846 609 524 375 268
66 108 179 302 260 200 276 246 279 257 222 166 84
Total Liabilities 653 752 660 999 1,001 1,019 984 1,365 1,609 1,445 1,420 1,280 1,143
496 470 440 399 356 331 341 319 430 410 388 582 579
CWIP 5 0 0 0 0 1 0 16 2 1 142 0 18
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
153 282 220 600 644 687 642 1,029 1,177 1,035 889 697 545
Total Assets 653 752 660 999 1,001 1,019 984 1,365 1,609 1,445 1,420 1,280 1,143

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
53 8 203 -151 37 141 298 -250 11 296 339 314
-10 -3 -4 -4 -13 -5 -41 -44 -111 -18 -198 -92
-43 -4 -199 154 -20 -140 -256 292 101 -280 -141 -222
Net Cash Flow 0 1 1 -1 4 -4 2 -2 1 -2 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 2011 Sep 2012 Sep 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 13 1 14 30 17 14 20 27 13 6 12
Inventory Days 113 169 89 195 333 286 172 388 330 223 191 128
Days Payable 6 7 45 80 89 36 70 86 75 49 24 13
Cash Conversion Cycle 107 175 44 129 273 267 116 322 281 187 173 128
Working Capital Days 30 53 -9 75 152 131 79 238 178 148 112 88
ROCE % 7% 10% 7% 8% 11% 32% 17% 14% 9% 13% 21% 15%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
42.08% 42.08% 42.09% 42.09% 42.09% 42.09% 42.09% 42.09% 42.09% 42.09% 42.09% 42.09%
0.38% 2.24% 2.76% 4.09% 7.70% 7.16% 7.01% 5.66% 4.37% 4.53% 5.31% 3.97%
3.91% 4.04% 3.91% 3.91% 3.24% 3.25% 3.25% 3.27% 3.27% 3.25% 0.06% 0.07%
0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13%
53.50% 51.51% 51.11% 49.78% 46.83% 47.36% 47.51% 48.84% 50.14% 50.00% 52.40% 53.75%
No. of Shareholders 45,18979,06899,2571,00,7061,42,4181,56,9021,62,4141,60,4831,62,4161,59,0711,66,2791,78,492

* 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.

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Documents

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