Is Dwarikesh Sugar Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dwarikesh Sugar Industries Ltd is a average quality company .

Is Dwarikesh Sugar Industries undervalued or overvalued?

The key valuation ratios of Dwarikesh Sugar Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Dwarikesh Sugar Industries share price return in the past 10 years?

Dwarikesh Sugar Industries Ltd share price has appreciated 35% annually (CAGR) over the past ten years.

Is Dwarikesh Sugar Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dwarikesh Sugar Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Dwarikesh Sugar Industries?

The latest standalone P/E ratio of Dwarikesh Sugar Industries as of 20-Dec-2024 is 0.00.

What is the P/B ratio of Dwarikesh Sugar Industries?

The latest standalone P/B ratio of Dwarikesh Sugar Industries as of 20-Dec-2024 is 1.45.

What is the 52-week high and low of Dwarikesh Sugar Industries?

The 52-week high of Dwarikesh Sugar Industries is Rs. 88.67 and the 52-week low is Rs. 58.16.

Dwarikesh Sugar Industries Ltd - Stock Valuation and Financial Performance

Name: Dwarikesh Sugar Industries
Brand: Dwarikesh Sugar Industries

BSE: 532610 | NSE: DWARKESH | Sugar | Small Cap

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Dwarikesh Sugar Inds Share Price

₹58.77 -2.05 -3.37%
as on 20-Dec'24 16:59

10 Year X-Ray of Dwarikesh Sugar Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	7.8%	12.1%	32.8%	16.7%	14.5%	8.6%	13.3%	21%	15.5%	13.8%	-
Value Creation Index ⓘ	-0.4	-0.1	1.4	0.2	0.0	-0.4	-0.1	0.5	0.1	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	752	794	1,190	1,430	1,084	1,336	1,839	1,979	2,103	1,710	1,280
Sales YoY Gr.	-	5.6%	49.9%	20.1%	-24.2%	23.3%	37.6%	7.6%	6.3%	-18.7%	-
Adj EPS ⓘ	-0.7	2.2	8.2	5.4	5	3.9	4.9	8.3	5.6	4.4	-0.1
YoY Gr.	-	NA	274.8%	-34.2%	-6.9%	-22.2%	25.4%	68.7%	-32.5%	-20.3%	-
BVPS (₹) ⓘ	3	5.3	15.2	19.4	24.6	25.7	30.7	35.8	39.3	43.7	40.4
Adj Net Profit ⓘ	-11.2	35.6	154	101	94.3	73.5	92.1	155	105	83.5	-1
Cash Flow from Ops. ⓘ	-100	36.7	141	298	-250	11.3	296	339	314	13.4	-
Debt/CF from Ops. ⓘ	-4.1	17.9	3.8	1.2	-2.6	74.6	2.1	1.5	1.2	33.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.6%	9.5%	-2.4%	-18.7%
Adj EPS ⓘ	NA	-2.4%	-3.2%	-20.3%
BVPSⓘ	34.8%	12.1%	12.4%	11.2%
Share Price	35%	16.5%	-4.1%	-32.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-14.9	32.2	76.4	31.1	22.7	15.5	17.3	24.8	14.9	10.7	-0.1
Op. Profit Mgn % ⓘ	7.6	13.6	23	10	11.9	10.2	11	14.7	10.2	12	6.1
Net Profit Mgn % ⓘ	-1.5	4.5	12.9	7.1	8.7	5.5	5	7.9	5	4.9	-0.1
Debt to Equity ⓘ	6	5.6	1.9	0.9	1.4	1.7	1.1	0.8	0.5	0.6	0.2
Working Cap Days ⓘ	123	264	194	167	287	313	230	192	150	178	92
Cash Conv. Cycle ⓘ	73	163	143	114	190	204	147	126	107	140	57

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.55

Return on Equity is Poor

Sales growth has been subdued in last 3 years -2.40%

Sales growth is not so good in last 4 quarters at -33.04%

Latest Financials - Dwarikesh Sugar Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.1	-
TTM Sales (₹ Cr.)	1,280	-
BVPS (₹.) ⓘ	40.4	-
Reserves (₹ Cr.) ⓘ	770	-
P/BV ⓘ	1.45	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	58.16 / 88.67
All Time Low / High (₹)	1.45 / 148.45
Market Cap (₹ Cr.)	1,089
Equity (₹ Cr.)	18.5
Face Value (₹)	1
Industry PE ⓘ	28.8

Management X-Ray of Dwarikesh Sugar Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Dwarikesh Sugar Inds

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Dwarikesh Sugar Inds

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,128	794	1,190	1,430	1,084	1,336	1,839	1,979	2,103	1,710
Operating Expenses ⓘ	1,043	686	917	1,287	955	1,200	1,638	1,688	1,888	1,505
Manufacturing Costs	61	36	49	63	60	62	81	99	103	116
Material Costs	888	574	772	1,126	775	1,010	1,402	1,444	1,598	1,220
Employee Cost	68	50	72	69	71	79	93	96	118	119
Other Costs ⓘ	26	27	24	29	49	50	62	48	69	50
Operating Profit ⓘ	86	108	273	142	129	136	201	291	215	205
Operating Profit Margin (%)	7.6%	13.6%	23.0%	10.0%	11.9%	10.2%	10.9%	14.7%	10.2%	12.0%
Other Income ⓘ	10	9	15	17	36	5	7	3	14	12
Interest ⓘ	75	52	52	25	21	33	48	32	26	20
Depreciation ⓘ	47	31	30	33	33	37	41	44	50	53
Exceptional Items ⓘ	0	5	3	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-27	39	209	102	111	72	120	219	153	144
Tax ⓘ	-10	0	53	1	16	-2	28	63	48	60
Profit After Tax	-17	39	156	101	95	73	92	155	105	84
PAT Margin (%)	-1.5%	4.9%	13.1%	7.1%	8.8%	5.5%	5.0%	7.8%	5.0%	4.9%
Adjusted EPS (₹)	-1.0	2.4	8.3	5.4	5.1	3.9	4.9	8.2	5.6	4.4
Dividend Payout Ratio (%)	0%	0%	12%	0%	0%	0%	26%	24%	36%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	104	117	286	366	464	484	579	673	740	822
Share Capital ⓘ	47	47	19	19	19	19	19	19	19	19
Reserves ⓘ	56	70	267	347	445	465	560	654	721	803
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	542	591	476	324	636	654	557	472	303	383
Long Term Debt	189	237	118	52	140	193	147	201	214	147
Short Term Debt	353	354	358	272	496	461	410	271	88	236
Trade Payables	201	143	77	215	183	208	188	97	55	43
Others Liabilities ⓘ	132	133	204	66	132	306	191	310	276	289
Total Liabilities ⓘ	979	984	1,043	971	1,413	1,652	1,515	1,552	1,373	1,537
Fixed Assets
Gross Block	696	708	712	752	763	908	927	947	1,186	1,229
Accumulated Depreciation	298	352	381	411	444	477	517	559	603	646
Net Fixed Assetsⓘ	399	356	331	341	319	430	410	388	582	583
CWIP ⓘ	0	0	1	0	16	2	1	143	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	1
Inventories	491	537	610	531	824	912	855	758	561	741
Trade Receivables	43	64	55	53	60	98	68	35	72	36
Cash Equivalents	1	5	1	3	1	3	1	39	40	34
Others Assetsⓘ	45	22	45	42	192	206	180	190	119	143
Total Assets ⓘ	979	984	1,043	971	1,413	1,652	1,515	1,552	1,373	1,537

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-151	37	141	298	-250	11	296	339	314	13
PBT ⓘ	-27	39	209	102	111	72	120	219	153	144
Adjustment ⓘ	122	85	85	57	50	66	84	73	65	63
Changes in Working Capital ⓘ	-246	-88	-114	182	-391	-112	93	84	125	-168
Tax Paid ⓘ	0	0	-38	-43	-20	-14	-1	-37	-29	-25
Cash Flow From Investing Activity ⓘ	-4	-13	-5	-41	-44	-111	-18	-198	-92	-41
Capex	-5	-13	-5	-41	-48	-112	-19	-161	-98	-51
Net Investments	0	0	0	0	0	0	0	-37	-2	0
Others ⓘ	0	0	0	0	4	0	2	0	9	10
Cash Flow From Financing Activityⓘ	154	-20	-140	-256	292	101	-280	-141	-222	27
Net Proceeds from Shares ⓘ	0	0	59	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	32	30	-153	-105	90	222	-185	56	31	-69
Interest Paid ⓘ	-78	-51	-50	-43	-21	-39	-43	-32	-31	-18
Dividend Paid ⓘ	0	0	0	-23	0	-45	0	-24	-38	0
Others ⓘ	200	1	4	-86	224	-37	-51	-141	-184	114
Net Cash Flow ⓘ	-1	4	-4	2	-2	1	-2	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-20.65	49.12	83.94	31.13	22.93	15.51	17.23	24.79	14.83	10.7
ROCE (%)	7.84	12.12	32.83	16.7	14.47	8.55	13.33	21.03	15.47	13.77
Asset Turnover Ratio	1.43	0.85	1.24	1.45	0.91	0.87	1.16	1.29	1.44	1.17
PAT to CFO Conversion(x)	N/A	0.95	0.9	2.95	-2.63	0.15	3.22	2.19	2.99	0.15
Working Capital Days
Receivable Days	7	24	17	14	19	22	16	9	9	11
Inventory Days	107	226	167	143	228	237	175	149	114	139
Payable Days	61	109	52	47	94	71	52	36	17	15

Dwarikesh Sugar Industries Ltd Stock News

Dwarikesh Sugar Industries Ltd FAQs

What is the share price of Dwarikesh Sugar Inds?

Company share prices are keep on changing according to the market conditions. The closing price of Dwarikesh Sugar Inds on 20-Dec-2024 16:59 is ₹58.77.

What is the market cap of Dwarikesh Sugar Inds?

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 20-Dec-2024 16:59 the market cap of Dwarikesh Sugar Inds stood at ₹1,089.

What is the P/E ratio of Dwarikesh Sugar Inds?

The latest P/E ratio of Dwarikesh Sugar Inds as of 20-Dec-2024 16:59 is 0.00.

What is the P/B ratio of Dwarikesh Sugar Inds?

The latest P/B ratio of Dwarikesh Sugar Inds as of 20-Dec-2024 16:59 is 1.45.

What is the 52-week high and low of Dwarikesh Sugar Inds?

The 52-week high of Dwarikesh Sugar Inds is ₹88.67 and the 52-week low is ₹58.16.

What is the TTM revenue of Dwarikesh Sugar Inds?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dwarikesh Sugar Inds is ₹1,280 ( Cr.) .

About Dwarikesh Sugar Industries Ltd

Dwarikesh Sugar Industries was originally incorporated as Dwarka Sugar vide certificate of incorporation no. 11-74815 dated November 1, 1993 with the Registrar of Companies, Maharashtra at Mumbai. The name of the company was changed to Dwarikesh Sugar Industries on April 18, 1994.

The registered office of the company has been shifted from the state of Maharashtra to the state of Uttar Pradesh (UP), confirmed by an order of the Company Law Board (Western Region) bench, Mumbai dated June 23, 1995. In this regard, Dwarikesh has received a Certificate of Registration bearing no. 20-18642 dated August 31, 1995 from Registrar of Companies, UP at Kanpur. The company has been promoted by Gautam R Morarka with the main object of carrying out the activity of production of sugar and other sugar related activities. The company commenced its commercial production on December 5, 1995 by setting up a 2500 tcd sugar plant in the sugar rich belt of Uttar Pradesh at Dwarikesh Nagar unit, Bundki village in Bijnor District.

The plant now has a capacity of 6500 tcd. Beside this, the company has set up one 7500 tcd sugar plant in district Bijnor commencing production in 2006 and has set up another 7500 tcd sugar plant in the Bareilly district, commencing production in Dec 2007. Thus the total capacity of Dwarikesh is 21500 tcd.

Products

Sugar: Sugar production is an interesting process during which some useful bi-products are generated.
White Crystal Sugar: Dwarikesh Sugar is known for its high quality, hygiene and good taste.
Ethanol: Ethanol is a good oxygenate, which is used as a blend with motor spirit to reduce emissions.
Captive Power: Dwarikesh is focusing on this sector as demand of captive power is continue to increase.
Molasses: Molasses plays an important part in Dwarikesh group's diversification plans.
Valuable Residue: Bagasse, the residue obtained from crushing cane in the mills, is used by the paper industry.

Divisions

Sugar
Power co-generation
Industrial alcohol-ethanol

Group Companies

Morarka Finance
Dwarikesh Informatics
Sewa Jyoti
RR Morarka Charitable Trust
Narbada Devi Morarka Charitable Trust

History

1993: Incorporation of the company in the name of Dwarka Sugar.
1994: Change of name to Dwarikesh Sugar Industries.
1995: Setting up 2500 tcd sugar plant and commencement of commercial production.
1996: Expansion of capacity to 3500 tcd and setting up of 6 mw power plant.
1997: Payment of maiden dividend of 10%.
1999: Expansion of capacity to 4000 tcd.
2001: Expansion of capacity to 5000 tcd.
2002: Expansion of co-gen plant from 6 MW to 9 MW and expansion of capacity to 6500 tcd.
2003: Sold power worth Rs 183 lakh to the UP state grid.
2004: Successful completion of IPO (23 times oversubscribed) and expansion of co-gen power plant from 9 MW to 17 MW.
2005: Setting up of 30 klpd distillery for manufacture of industrial alcohol and work begins on new project of 7500 tcd at Dwarikeshpuram (Afzalgarh) in February.
2006: Commissioned a new greenfield plant of 7500 tcd at Dwarikeshpuram with 9 MW co-gen capacity in a record time.
2006: Work begins on new project of 7500 tcd at Dwarikeshdham (Faridpur, Bareilly District) with 36 MW cogeneration.
2007: Commissioned a new greenfield plant of 7500 tcd with 36 MW cogeneration capacity in a record time at Dwarikeshdham (Bareilly District). Exportable power capacity of the plant is 24 MW.
2008: Commencement of co-generation for supply to state grid at Dwarikeshdham and Dwarikeshpuram units.