Dhampur Sugar Mills Ltd Stock Analysis

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

BSE Share Price Jan 21, 18:01
384.75 -15.15 (-3.79%)

DeciZen - Make an Informed Decision on Dhampur Sugar Mills

Overall Rating

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

FAQ's

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

Data is not available for this 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.

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.

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 6.6%5.8%1.3%4.8%6.2%13.5%9.1%11.7%9.6%9.8%-
Value Creation Index -0.5-0.6-0.9-0.7-0.6-0.0-0.4-0.2-0.3-0.3-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 1,5361,4811,8221,7762,1832,5343,2792,7543,3534,1423,888
YoY Gr. Rt. %--3.6%23%-2.5%22.9%16.1%29.4%-16%21.7%23.6%-
Adj EPS 5.33.7-13.1-2.14.23523.237.731.933.831.3
YoY Gr. Rt. %--31.5%-458.9%NANA738.4%-33.6%62.3%-15.5%6.1%-
BVPS (₹) 88.484.967.463.968.5137.2153.1187.3207.1235.4246.7
Adj Net Profit 28.719.7-75-12.425.1232154250211224208
Cash Flow from Ops. 51.7-149486-78.4164-50805-177356878-
Debt/CF from Ops. 19.2-9.72.8-20.510.1-38.31.8-10.34.91.3-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 11.7%13.7%8.1%23.6%
Adj EPS 22.8%52%13.3%6.1%
BVPS 11.52815.413.7
Share Price 27.9% 18.5% 31.7% 135.3%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 5.84.1-16.1-2.84.428.41622.216.215.313
Op. Profit Mgn % 13.2157.37.71020.611.117.410.811.211.5
Net Profit Mgn % 1.91.3-4.1-0.71.29.24.79.16.35.45.3
Debt to Equity 23.13.34.13.92.11.41.51.30.70.2
Working Cap Days 21230328430726424119225123717396
Cash Conv. Cycle 791771231261351631181531408930

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 13.32%

Debt to equity has declined versus last 3 years average to 0.73

Return on Equity has declined versus last 3 years average to 13.00%

Sales growth has been subdued in last 3 years 8.11%

Sales growth is not so good in last 4 quarters at 2.23%

Latest Financials - Dhampur Sugar Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 31.3 32.6
TTM Sales (₹ Cr.) 3,888 3,875
BVPS (₹.) 246.7 245.9
Reserves (₹ Cr.) 1,571 1,566
P/BV 1.56 1.58
PE 12.30 11.92
From the Market
52 Week Low / High (₹) 156.20 / 405.50
All Time Low / High (₹) 6.48 / 405.50
Market Cap (₹ Cr.) 2,554
Equity (₹ Cr.) 66.4
Face Value (₹) 10
Industry PE 15.5

Management X-Ray of Dhampur Sugar Mills :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.770.770.770.770.770.770.770.770.770.77
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

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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