Dhampur Sugar Mills Ltd - Stock Valuation and Financial Performance

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

Dhampur Sugar Mills Share Price

233.10 -3.35 -1.42%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Dhampur Sugar Mills

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Dhampur Sugar Mills stock performance -

mw4me loader
P/E Ratio (SA):
11.11
Market Cap:
1,546.1 Cr.
52-wk low:
206.6
52-wk high:
325.6

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 below 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 Fair 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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.3%5%6.2%13.7%9.2%12%9.6%5.7%8.1%10.5%-
Value Creation
Index
-0.9-0.6-0.60.0-0.3-0.1-0.3-0.6-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,8221,7762,1832,5343,2792,7543,3532,1581,9392,4122,731
Sales YoY Gr.--2.5%22.9%16.1%29.4%-16%21.7%-35.6%-10.1%24.4%-
Adj EPS -13.1-2.13.835.423.63931.920.72223.221.3
YoY Gr.-NANA834.6%-33.5%65.3%-18.2%-35%6.1%5.6%-
BVPS (₹) 67.463.968.5137.2153.1187.3207.1235.4133.9156.5160.7
Adj Net
Profit
-75-12.422.8235156259211137146154139
Cash Flow from Ops. 486-78.4164-50805-177356878-3.7380-
Debt/CF from Ops. 2.8-20.510.1-38.31.8-10.34.91.3-238.91.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.2%-6%-10.4%24.4%
Adj EPS NA-0.3%-10%5.6%
BVPS9.8%0.5%-8.9%16.9%
Share Price 18% 0.9% 8.8% -4.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-16.1-2.8428.816.222.916.29.411.91613.4
Op. Profit
Mgn %
7.37.71020.611.117.410.812.815.212.59.9
Net Profit
Mgn %
-4.1-0.71.19.34.89.46.36.47.56.45.1
Debt to
Equity
3.34.13.92.11.41.51.30.710.7-
Working Cap
Days
28430726424019125123734427315345
Cash Conv.
Cycle
1231261351631181531401691388411

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.40%

Debt to equity has declined versus last 3 years average to 0.70

Sales growth has been subdued in last 3 years -10.40%

Net Profit has been subdued in last 3 years -10.01%

Sales growth is not so good in last 4 quarters at 3.69%

Latest Financials - Dhampur Sugar Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 21.3 21.9
TTM Sales (₹ Cr.) 2,731 2,739
BVPS (₹.) 160.7 161.5
Reserves (₹ Cr.) 986 991
P/BV 1.47 1.46
PE 11.11 10.82
From the Market
52 Week Low / High (₹) 206.60 / 325.55
All Time Low / High (₹) 6.48 / 584.00
Market Cap (₹ Cr.) 1,546
Equity (₹ Cr.) 65.4
Face Value (₹) 10
Industry PE 16.3

Management X-Ray of Dhampur Sugar Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.770.770.770.000.000.000.000.000.000.00
* 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,8221,7762,1832,5343,2792,7543,3532,1581,9392,412
Operating Expenses 1,6921,6391,9672,0132,9152,2772,9911,8811,6452,115
Manufacturing Costs1061071321341421541418097117
Material Costs1,4361,3981,6891,6732,5741,8912,5871,6081,3851,847
Employee Cost 737481121118138120626171
Other Costs 77606585809414413210281
Operating Profit 131137217521364478362277294296
Operating Profit Margin (%) 7.2%7.7%9.9%20.6%11.1%17.3%10.8%12.8%15.2%12.3%
Other Income 7223029293253151117
Interest 142155164171125103120425146
Depreciation 76555554577075515052
Exceptional Items 001000-16-17-100
Profit Before Tax -81-5237325211321203199205215
Tax -6-416905466-8555865
Profit After Tax -75-1032235157255211143147150
PAT Margin (%) -4.1%-0.6%1.5%9.3%4.8%9.3%6.3%6.6%7.6%6.2%
Adjusted EPS (₹)-13.2-1.85.335.423.738.431.821.622.122.6
Dividend Payout Ratio (%)0%0%0%17%13%17%19%28%27%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4444287229111,0161,2431,3751,5638881,039
Share Capital 80767566666666666666
Reserves 3643526478459501,1771,3091,496822972
Minority Interest0000000000
Debt1,2101,4651,4741,7971,3521,6691,6171,031823663
Long Term Debt545571546523421530417320234217
Short Term Debt6658949281,2749311,1391,201711589446
Trade Payables701675457253502561565594231181
Others Liabilities 375419503493342409312545416425
Total Liabilities 2,7302,9873,1573,4543,2123,8823,8703,7322,3592,308

Fixed Assets

Gross Block1,7261,9522,2462,2942,4482,5172,6352,6821,6361,718
Accumulated Depreciation6407007528028569251,0001,069636672
Net Fixed Assets1,0861,2521,4941,4921,5921,5931,6351,6121,0001,046
CWIP 189172827243472129103
Investments 1212123733271352
Inventories1,2241,2521,2621,4771,1461,6561,6041,293818667
Trade Receivables110222256225243315309307200195
Cash Equivalents 1514181810109675551
Others Assets9421987211190242278418252244
Total Assets 2,7302,9873,1573,4543,2123,8823,8703,7322,3592,308

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 486-78164-50805-177356878-4380
PBT -81-5227325211321203321205215
Adjustment 2162042042051771791971669892
Changes in Working Capital 352-231-68-510474-6214428-272112
Tax Paid -100-70-56-55-48-36-34-39
Cash Flow From Investing Activity -246-46-43-56-166-88-71-83-91-144
Capex -251-47-49-55-142-81-61-84-88-149
Net Investments 1-1301211-50
Others 413-1-25-9-11015
Cash Flow From Financing Activity -239124-117106-648265-285-73877-243
Net Proceeds from Shares 00459000000
Net Proceeds from Borrowing 0029-100-124186-152-114-5-10
Interest Paid -124-147-166-179-129-103-120-91-49-46
Dividend Paid -1000-20-51-28-72-400-40
Others -10527116346-34420958-494132-147
Net Cash Flow 1040-90056-17-7
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-17.88-2.728.1235.516.3122.5716.159.7711.9915.6
ROCE (%)3.345.499.8720.2212.6915.3610.468.2811.4214.77
Asset Turnover Ratio0.70.640.740.8110.780.880.590.721.21
PAT to CFO Conversion(x)N/AN/A5.13-0.215.13-0.691.696.14-0.032.53
Working Capital Days
Receivable Days24333833263734504225
Inventory Days24424520218714418617523717596
Payable Days16818012277531037913210941

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-Apr-2024 10:20 is ₹233.1.
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-Apr-2024 10:20 the market cap of Dhampur Sugar Mills stood at ₹1,546.1.
The latest P/E ratio of Dhampur Sugar Mills as of 12-Apr-2024 10:20 is 11.11.
The latest P/B ratio of Dhampur Sugar Mills as of 12-Apr-2024 10:20 is 1.47.
The 52-week high of Dhampur Sugar Mills is ₹325.6 and the 52-week low is ₹206.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhampur Sugar Mills is ₹2,731 ( 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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