Dwarikesh Sugar Industries Ltd (NSE: DWARKESH): This company is Dwarikesh Sugar Industries Ltd. Along with sugar, the company is also involved in the ethanol and power business.
Stocks of the company have been declining for over a year.
The company’s shares were opened Friday at Rs. 78.15 versus Rs. 77.95. At the same time, finally, the share closed at the price of Rs 78.
The stock has fallen 3 percent in a week, 14 percent in three months, and 6 percent in a year. However, the stock has given a return of 150 percent in 3 years.
Board Meeting To Be Held
The company told the exchange on Friday i.e. March 1, 2024, that in the board meeting to be held on March 7, the company will decide on share buyback.
Share buybacks are when a business buys its shares.
The company will buy back shares if it believes that the price of those shares is going to fall. The equity capital of a company is reduced by a share buyback.
The shares are bought back on the market and cancelled. Shares bought back from the market cannot be issued again.
Equity capital Due to reduction, the company’s share earnings i.e. EPS increases. Stocks with a higher P/E ratio can be bought back.
Holdings
42.09 percent of the shares are owned by promoters. No change has occurred in the past 5 quarters.
FIIs i.e. foreign institutional investors have sold shares. In September 2023, the stake was 5.31 percent. It has fallen to 3.97 percent in the December quarter.
Quarterly Results
The company’s quarterly results have also been bad. Comparing the October-December Quarter of the Financial Year 2022-23 to the October-December Quarter of the Financial Year 2023-24, the profit has decreased by 6.77 percent and is now Rs 9.81 crore.
The company’s income has fallen by 18.48 percent to Rs 312.91 crore.
About Dwarikesh Sugar Industries Ltd Company
Dwarikesh Sugar Industries Limited, a company.
It is a multi-faceted, and diversified industrial firm. The company manufactures sugar, as well as other related products.
The Company has expanded its product range to include sugar and ethanol as well as co-generated electric power.
The company is primarily focused on sugar, ethanol, and related products.
The Company has approximately 1,54 lakh farmers that cultivate cane on more than 1,17 lakh hectares in three different locations.
The Company’s main product is sugar, ethanol-powered sanitizer, and payment instructions.
Manufacturing units: Bundki Village, Bijnor District, etc.
There are also facilities in Maharashtra and Delhi.
Fundamental Analysis of Dwarikesh Sugar Industries Ltd
| Market Cap | ₹ 1,469 Cr. |
| Current Price | ₹ 78.0 |
| 52-wk High | ₹ 110 |
| 52-wk Low | ₹ 75.0 |
| Stock P/E | 13.7 |
| Book Value | ₹ 42.0 |
| Dividend | 2.56 % |
| ROCE | 15.5 % |
| ROE | 14.9 % |
| Face Value | ₹ 1.00 |
| P/B Value | 1.86 |
| OPM | 11.7 % |
| EPS | ₹ 5.71 |
| Debt | ₹ 268 Cr. |
| Debt to Equity | 0.34 |
Dwarikesh Sugar Industries Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹80 | ₹100 |
| 2025 | ₹105 | ₹122 |
| 2026 | ₹135 | ₹155 |
| 2027 | ₹165 | ₹184 |
| 2028 | ₹200 | ₹254 |
| 2029 | ₹300 | ₹328 |
| 2030 | ₹350 | ₹385 |
Dwarikesh Sugar Industries Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 42.09% |
| Mar 2023 | 42.09% |
| June 2023 | 42.09% |
| Sept 2023 | 42.09% |
| Dec 2023 | 42.09% |
| FII Holding | |
| Dec 2022 | 5.66% |
| Mar 2023 | 4.37% |
| June 2023 | 4.53% |
| Sept 2023 | 5.31% |
| Dec 2023 | 3.97% |
| DII Holding | |
| Dec 2022 | 3.27% |
| Mar 2023 | 3.27% |
| June 2023 | 3.25% |
| Sept 2023 | 0.06% |
| Dec 2023 | 0.07% |
| Govt. Holding | |
| Dec 2022 | 0.13% |
| Mar 2023 | 0.13% |
| June 2023 | 0.13% |
| Sept 2023 | 0.13% |
| Dec 2023 | 0.13% |
| Public Holding | |
| Dec 2022 | 48.84% |
| Mar 2023 | 50.14% |
| June 2023 | 50.00% |
| Sept 2023 | 52.40% |
| Dec 2023 | 53.75% |
Dwarikesh Sugar Industries Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 1,084 Cr |
| 2020 | ₹ 1,336 Cr |
| 2021 | ₹ 1,839 Cr |
| 2022 | ₹ 1,979 Cr |
| 2023 | ₹ 1,862 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 95 Cr |
| 2020 | ₹ 73 Cr |
| 2021 | ₹ 92 Cr |
| 2022 | ₹ 155 Cr |
| 2023 | ₹ 107 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.37 |
| 2020 | 1.35 |
| 2021 | 0.96 |
| 2022 | 0.77 |
| 2023 | 0.5 |
Last 10 Years’ Profit Growth:
| 10 Years: | 27% |
| 5 Years: | 1% |
| 3 Years: | 13% |
| Current Year: | -9% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 22% |
| 5 Years: | 19% |
| 3 Years: | 19% |
| Last Year: | 15% |
Sales Growth Over 10 Years:
| 10 Years: | 12% |
| 5 Years: | 8% |
| 3 Years: | 16% |
| Current Year: | -9% |
Conclusion
This article is a complete guide about Dwarikesh Sugar Industries Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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