Dhampur Sugar Mills Ltd - Stock Valuation and Financial Performance

BSE: 500119 | NSE: DHAMPURSUG | Sugar | Small Cap

Dhampur Sugar Mills Share Price

188.10 -2.35 -1.23%
as on 12-Dec'24 16:59

DeciZen - make an informed investing decision on Dhampur Sugar Mills

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Dhampur Sugar Mills stock performance -

mw4me loader
P/E Ratio (SA):
17.30
Market Cap:
1,229.9 Cr.
52-wk low:
164.7
52-wk high:
279

Is Dhampur Sugar Mills Ltd an attractive stock to invest in?

1. Is Dhampur Sugar Mills Ltd a good quality company?

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

2. Is Dhampur Sugar Mills Ltd undervalued or overvalued?

The key valuation ratios of Dhampur Sugar Mills Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Dhampur Sugar Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Dhampur Sugar Mills Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Dhampur Sugar Mills:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dhampur Sugar Mills Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 5.5%9.9%20.2%12.7%15.4%10.5%8.3%11.4%14.8%12.4%-
Value Creation
Index
-0.6-0.30.4-0.10.1-0.3-0.4-0.20.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,7762,1832,5343,2792,7543,3532,1581,9392,4122,1662,408
Sales YoY Gr.-22.9%16.1%29.4%-16%21.7%-35.6%-10.1%24.4%-10.2%-
Adj EPS -2.13.835.423.63931.920.72223.218.610.9
YoY Gr.-NA834.6%-33.5%65.3%-18.2%-35%6.1%5.6%-19.7%-
BVPS (₹) 63.968.5137.2153.1187.3207.1235.4133.9156.5167.5165.5
Adj Net
Profit
-12.422.823515625921113714615412271
Cash Flow from Ops. -78.4164-50805-177356878-3.7380-48.3-
Debt/CF from Ops. -20.510.1-38.31.8-10.34.91.3-238.91.9-19.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.2%-4.7%0.1%-10.2%
Adj EPS NA-13.7%-3.5%-19.7%
BVPS11.3%-2.2%-10.7%7%
Share Price 15.4% -1% -14.5% -23.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-2.8428.816.222.916.29.411.91611.46.5
Op. Profit
Mgn %
7.71020.611.117.410.812.815.212.512.27.3
Net Profit
Mgn %
-0.71.19.34.89.46.36.47.56.45.63
Debt to
Equity
4.13.92.11.41.51.30.710.70.90.1
Working Cap
Days
30726424019125123734427315316060
Cash Conv.
Cycle
1261351631181531401691388410812

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.88

Return on Equity has declined versus last 3 years average to 6.50%

Sales growth has been subdued in last 3 years 0.13%

Net Profit has been subdued in last 3 years -3.45%

Sales growth is not so good in last 4 quarters at -15.62%

Latest Financials - Dhampur Sugar Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 10.9 11
TTM Sales (₹ Cr.) 2,408 2,408
BVPS (₹.) 165.5 166.4
Reserves (₹ Cr.) 1,017 1,022
P/BV 1.14 1.13
PE 17.30 17.16
From the Market
52 Week Low / High (₹) 164.70 / 279.00
All Time Low / High (₹) 6.48 / 584.00
Market Cap (₹ Cr.) 1,230
Equity (₹ Cr.) 65.4
Face Value (₹) 10
Industry PE 30

Management X-Ray of Dhampur Sugar Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Dhampur Sugar Mills

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,7762,1832,5343,2792,7543,3532,1581,9392,4122,166
Operating Expenses 1,6391,9672,0132,9152,2772,9911,8811,6452,1151,902
Manufacturing Costs1071321341421541418097117135
Material Costs1,3981,6891,6732,5741,8912,5871,6081,3851,8471,611
Employee Cost 748112111813812062617172
Other Costs 60658580941441321028183
Operating Profit 137217521364478362277294296265
Operating Profit Margin (%) 7.7%9.9%20.6%11.1%17.3%10.8%12.8%15.2%12.3%12.2%
Other Income 22302929325315111732
Interest 15516417112510312042514647
Depreciation 55555457707551505259
Exceptional Items 01000-16-17-1000
Profit Before Tax -5237325211321203199205215190
Tax -416905466-855586558
Profit After Tax -1032235157255211143147150133
PAT Margin (%) -0.6%1.5%9.3%4.8%9.3%6.3%6.6%7.6%6.2%6.1%
Adjusted EPS (₹)-1.85.335.423.738.431.821.622.122.620.3
Dividend Payout Ratio (%)0%0%17%13%17%19%28%27%27%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 4287229111,0161,2431,3751,5638881,0391,095
Share Capital 76756666666666666665
Reserves 3526478459501,1771,3091,4968229721,030
Minority Interest0000000000
Debt1,4651,4741,7971,3521,6691,6171,031823663885
Long Term Debt571546523421530417320234217165
Short Term Debt8949281,2749311,1391,201711589446720
Trade Payables675457253502561565594231181114
Others Liabilities 419503493342409312545416425356
Total Liabilities 2,9873,1573,4543,2123,8823,8703,7322,3592,3082,450

Fixed Assets

Gross Block1,9522,2462,2942,4482,5172,6352,6821,6361,7181,869
Accumulated Depreciation7007528028569251,0001,069636672719
Net Fixed Assets1,2521,4941,4921,5921,5931,6351,6121,0001,0461,151
CWIP 17282724347212910317
Investments 1212373327135247
Inventories1,2521,2621,4771,1461,6561,6041,293818667917
Trade Receivables222256225243315309307200195160
Cash Equivalents 1418181010967555119
Others Assets21987211190242278418252244139
Total Assets 2,9873,1573,4543,2123,8823,8703,7322,3592,3082,450

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -78164-50805-177356878-4380-48
PBT -5227325211321203321205215190
Adjustment 204204205177179197166989379
Changes in Working Capital -231-68-510474-6214428-272111-289
Tax Paid 00-70-56-55-48-36-34-39-28
Cash Flow From Investing Activity -46-43-56-166-88-71-83-91-144-92
Capex -47-49-55-142-81-61-84-88-149-53
Net Investments -1301211-50-43
Others 13-1-25-9-110154
Cash Flow From Financing Activity 124-117106-648265-285-73877-243109
Net Proceeds from Shares 04590000000
Net Proceeds from Borrowing 029-100-124186-152-114-5-10-37
Interest Paid -147-166-179-129-103-120-91-49-46-46
Dividend Paid 00-20-51-28-72-400-40-40
Others 27116346-34420958-494132-147232
Net Cash Flow 040-90056-17-7-31
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-2.728.1235.516.3122.5716.159.7711.9915.612.46
ROCE (%)5.499.8720.2212.6915.3610.468.2811.4214.7712.44
Asset Turnover Ratio0.640.740.8110.780.880.590.721.211.11
PAT to CFO Conversion(x)N/A5.13-0.215.13-0.691.696.14-0.032.53-0.36
Working Capital Days
Receivable Days33383326373450422524
Inventory Days24520218714418617523717596109
Payable Days1801227753103791321094133

Dhampur Sugar Mills Ltd Stock News

Dhampur Sugar Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dhampur Sugar Mills on 12-Dec-2024 16:59 is ₹188.1.
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 12-Dec-2024 16:59 the market cap of Dhampur Sugar Mills stood at ₹1,229.9.
The latest P/E ratio of Dhampur Sugar Mills as of 12-Dec-2024 16:59 is 17.30.
The latest P/B ratio of Dhampur Sugar Mills as of 12-Dec-2024 16:59 is 1.14.
The 52-week high of Dhampur Sugar Mills is ₹279.0 and the 52-week low is ₹164.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhampur Sugar Mills is ₹2,408 ( Cr.) .

About Dhampur Sugar Mills Ltd

Dhampur Sugar Mills incorporated in 1933 is engaged in manufacturing sugar, ethanol, chemicals and plantation white sugar. The company is managed by Chairman Mr.V.K.Goel.

In 1933, the company started with a production capacity of 300 TCD. Today the Dhampur Group has a combined capacity of 39,500 TCD. Company also operates captive power plant of 125 MV capacity.

Company’s R&D facility has successfully introduced various technologies namely Fibrizors, Pressure Feeders, Fiber based single tandem, Pressure Evaporation System with Falling Film Type Evaporator Bodies, Vertical Continuous Pans etc.

Dhampur Sugar is the first and the largest manufacturer of refined sulphurless sugar in the India. Company’s captive power generation capacity is amongst the largest in India.

It has also emerged as the highest ethanol manufacturing capacity relative to its cane crushing capacity, in the country.

Company’s manufacturing facilities are located at Dhampur, Mansurpur, Asmoli and Rajpura, all in Uttar Pradesh.

In 2010, Dhampur Sugar Mills acquired Dhampur Sugar Distillery Private Limited. DSDPL become the wholly owned subsidiary company.

Products

Sugar- Being pioneer in manufacturing of Sulphurless Refined Sugar, the company uses Defeco Remelt Process in which the sugar, after it has crystallized, is melted all over again and all the impurities are removed without the use of sulphur. The company also manufactures Mill White Sugar.

Ethanol- Ethanol is a product that is generated from sugarcane molasses and juice, prepared by fermentation and distillation processes. Currently company produces 5% ethanol blend. It has a manufacturing capacity of 270 KL per Day.

Chemicals- Company produces chemicals with manufacturing capacity such as Industrial Alcohol (170 KL/day), Extra Neutral Alcohol (60 KL/day), Carbon Dioxide (20 MT/day), Acetaldehyde (50 MT/day), Acetic Acid (35 MT/day), Acetic Anhydride (15 MT/day) and Ethyl Acetate (55 MT/day).

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