Dwarikesh Sugar Industries Ltd.
Snapshot View

99.45 -10.30 ▼-9.4%

25 May 2022, 04:01:00 PM
Volume: 411,865

Overview View Details

Sector Agriculture Compare with Sector peers
Industry Sugar Compare with Industry peers
Website http://www.dwarikesh.com
Market Cap 1,872.66 Cr.
Enterprise Value(EV) 2,354.79 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 8.24 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 12.06 Trailing Twelve Months Ending 2022-03
Industry PE 17.12 Trailing Twelve Months Ending 2022-03
Book Value / Share 35.76 Trailing Twelve Months Ending 2022-03
Price to Book Value 2.78 Calculated using Price: 99.45
Dividend Yield 2.01 Period Ending 2021-03
No. of Shares Subscribed 18.83 Cr. 188,301,470 Shares
FaceValue 1
Company Profile

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.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-9.38%
1 Week
-16.57%
1 Month
-25.64%
3 Month
+14.97%
6 Month
+42.27%
1 Year
+85.89%
2 Year
+443.44%
5 Year
+121.54%
10 Year
+2654.85%
9 years 2012-09 2013-09 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) -9.87 -19.52 -20.65 49.12 83.94 31.13 22.93 15.51 17.23
Return on Capital Employed (%) 10.01 6.59 7.84 12.12 32.83 16.70 14.47 8.55 13.33
Return on Assets (%) -1.60 -2.75 -2.06 3.97 15.40 10.07 7.98 4.79 5.78

Balance Sheet View Details

Particulars 10 years 2012-09 Rs. Cr. 2013-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 135 121 104 117 286 366 464 484 579 673
Non Curr. Liab. 258 159 184 232 120 55 192 250 225 200
Curr. Liab. 366 371 691 635 637 550 757 918 711 522
Minority Int.
Equity & Liab. 758 651 979 984 1,043 971 1,413 1,652 1,515 1,395
Non Curr. Assets 483 452 409 368 335 381 443 542 518 548
Curr. Assets 276 198 570 617 708 590 971 1,110 997 847
Misc. Exp. not W/O
Total Assets 758 651 979 984 1,043 971 1,413 1,652 1,515 1,395

Profit Loss View Details

Particulars 10 years 2012-09 Rs. Cr. 2013-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 699 928 1,128 794 1,190 1,430 1,084 1,336 1,839 1,974
Other Income 2 13 10 9 15 17 36 5 7 3
Total Income 701 941 1,139 803 1,205 1,447 1,120 1,342 1,846 1,977
Total Expenditure -605 -869 -1,043 -686 -917 -1,287 -955 -1,200 -1,638 -1,683
PBIDT 96 72 96 117 288 160 165 141 208 294
Interest -79 -71 -75 -52 -53 -25 -21 -33 -48 -32
Depreciation -33 -33 -47 -31 -30 -33 -33 -37 -41 -44
Taxation 4 13 10 0 -53 -1 -16 2 -28 -63
Exceptional Items 5 3
PAT -11 -19 -17 39 156 101 95 73 92 155
Adjusted EPS -1 -1 -1 2 8 5 5 4 5 8

Cash Flow View Details

Particulars 10 years 2011-09 Rs. Cr. 2012-09 Rs. Cr. 2013-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 53 8 203 -151 37 141 298 -250 11 296
Cash Fr. Inv. -10 -3 -4 -4 -13 -5 -41 -44 -111 -18
Cash Fr. Finan. -43 -4 -199 154 -20 -140 -256 292 101 -280
Net Change 0 1 1 -1 4 -4 2 -2 1 -2
Cash & Cash Eqvt 1 1 2 1 5 1 2 1 2 0

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 42.08 42.08 42.08 42.08 42.08 42.08 42.09 42.09 42.09
Public 57.92 57.92 57.92 57.92 57.92 57.92 57.91 57.91 57.91
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 20 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 29 33 read with Regulation 47 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations 2015 we are pleased to forward herewith the published advertisement of Notice of 28th Annual General Meeting of the Company before dispatch of Annual Report for the Financial year 2021-22 in the following newspapers:1. Business Standard New Delhi Edition (English) released on May 20 2022.2. Shah Times Moradabad Edition (Hindi) released on May 20 2022.You are kindly requested to acknowledge the receipt of the same.
Sat, 07 May 2022
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
In furtherance of our Letter No. DSIL/2022-23/066 dated April 29 2022 & DSIL/2022-23/101 dated May 05 2022 and pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 given below is the link of the transcript of earnings call on financial results for quarter and year ended March 31 2022 of the Company.Link: https://www.dwarikesh.com/pdf/2022/Dwarikesh-Sugar-Q4FY22-Earnings-Call-Transcript-May-04-2022.pdf Kindly take the same on record.
Thu, 05 May 2022
Regulation 23(9) - Disclosure Of Related Party Transactions For The Half Year Ended March 31 2022
Pursuant to Regulation 23(9) of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 please find enclosed herewith the disclosure pertaining to Related Party Transactions on a consolidated basis in the format specified by SEBI vide notification SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated November 22 2021 for the half year ended March 31 2022.Kindly acknowledge the receipt and take the same on record.

Technical Scans View Details

Wed, 25 May 2022
Close Crossing Last Week Low Close Crossing Last Week Low
Closing Below Previous Low Closing Below Previous Low
Closing Below Previous Low for 3 days Closing Below Previous Low for 3 days
Making Lower Lows for 3 days Making Lower Lows for 3 days
High Decrease 1 Month High Decrease 1 Month

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