Dwarikesh Sugar Industries Ltd
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.
- Market Cap ₹ 1,370 Cr.
- Current Price ₹ 72.8
- High / Low ₹ 110 / 67.4
- Stock P/E 12.7
- Book Value ₹ 42.0
- Dividend Yield 2.77 %
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 37% |
5 Years: | 21% |
3 Years: | 30% |
1 Year: | -24% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Submission of Newspaper Advertisement - Post Buyback
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Updates on Buy-back Offer
2d - Centrum Capital Ltd ("Manager to the Buyback") has submitted to BSE a copy of Post Buyback Public Announcement for the attention of Equity Shareholders / …
- Regulations 40 (9) For Physical Transfer 10 Apr
- Compliance Certificate - Regulation 7(3) Of SEBI (LODR) Regulations, 2015 8 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr
Annual reports
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Financial Year 2023
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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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]