NSE: DWARKESH | BSE: 532610

Slowing Down Stock

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39.05 0.60 (1.56%)

52.26% Fall from 52W High

308.9K NSE+BSE Volume

NSE 28 Mar, 2025 9:46 AM (IST)

723.6

Market Cap

Above industry Median

1.1

Beta 1Year

High Volatility

Dwarikesh Sugar Industries Ltd. share price target and research reports

Name: Latest research reports of Dwarikesh Sugar Industries Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: Dwarikesh Sugar Industries Ltd.
Rating: 5
Author: ICICI Direct

Latest analyst research reports with target prices and PDF download for DWARKESH, BSE:532610 Dwarikesh Sugar Industries Ltd.

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Dwarikesh Sugar Industries Ltd.

01 May 2023

39.05

1.56%

Dwarikesh Sugar

Buy: Dwarikesh Sugar Industries...

Target

ICICI Direct

Dwarikesh Sugar Industries Ltd. has lost -31.07% in the last 3 Months

Dwarikesh Sugar Industries Ltd.

05 May 2022

39.05

1.56%

Dwarikesh Sugar

Buy: Dwarikesh Sugar Industries...

ICICI Direct

Number of FII/FPI investors decreased from 44 to 37 in Dec 2024 qtr

Dwarikesh Sugar Industries Ltd.

02 Feb 2022

39.05

1.56%

Dwarikesh Sugar

Buy: Dwarikesh Sugar Industries...

Target

ICICI Securities Limited

With increasing profitability & reduction in sugar inventory, the company would be able to generate cumulative | 517 crore free cash flows in the next three years. It would completely de-leverage the balance sheet...

Dwarikesh Sugar Industries Ltd. is trading below all available SMAs

Dwarikesh Sugar Industries Ltd.

27 Oct 2021, 12:00AM

39.05

1.56%

Dwarikesh Sugar

Buy: Dwarikesh Sugar Industries...

ICICI Securities Limited

Distillery revenue to grow at 58% CAGR in FY21-24E with 3x increase in ethanol volumes & 4.5% increase in distillery realisation led by better realisation from B-heavy & sugarcane juice ethanol Higher exports aided by rising global sugar prices & sugarcane diversion towards ethanol has led to lower sugar inventory & higher domestic sugar prices, which is boosting operating margins & profits With increasing profitability & reduction in sugar inventory, the company would be able to generate cumulative | 530 crore free cash flows in the next...

Dwarikesh Sugar Industries Ltd. has lost -49.12% in the last 6 Months

Dwarikesh Sugar Industries Ltd.

31 Jul 2021

39.05

1.56%

Dwarikesh Sugar

Buy: Dwarikesh Sugar Industries...

Target

ICICI Securities Limited

Alternate Stock Idea: We like Balrampur Chini in our Sugar coverage. The company is the second largest & one of the most efficient sugar companies in India. Along with sugarcane juice, B-heavy, the company is...

Dwarikesh Sugar Industries Ltd. has lost -49.12% in the last 6 Months

Dwarikesh Sugar Industries Ltd.

15 May 2021

39.05

1.56%

Dwarikesh Sugar

Buy: Dwarikesh Sugar Industries...

Target

ICICI Securities Limited

With expected exports, DWL would be able to substantially reduce its sugar inventory in the next one year. Further, increasing distillery volumes through B-heavy & sugarcane juice route would drive growth in operating profit. We expect | 485 crore of operating cash flow generation in the next two years, which would fund capex for new distillery and also result in debt repayment to the tune of | 260 crore. We expect 30% earnings CAGR on the back of strong operating profit growth & interest cost reduction. We change our...

Dwarikesh Sugar Industries Ltd. is trading below all available SMAs

Dwarikesh Sugar Industries Ltd.

05 Nov 2020

39.05

1.56%

Dwarikesh Sugar

Buy: Dwarikesh Sugar Industries...

Target

ICICI Securities Limited

DSL is one of the most efficient sugar companies with lowest cost of production given more than 12.2% sugar recovery. The company only has | 218 crore of term loan at a concessional interest rate. With strong possibility and small inventory reduction, DSL would be able to generate | 126 crore and 193 crore of cash from operations in FY21E & FY22E, respectively. We expect ~| 200 crore working capital debt reduction in the next two years. We value the stock at 1.1x FY21 book value with a target...

Dwarikesh Sugar Industries Ltd. has lost -47.12% in the last 1 Year

Dwarikesh Sugar Industries Ltd.

08 Aug 2020

39.05

1.56%

Dwarikesh Sugar

Buy: Dwarikesh Sugar Industries...

ICICI Securities Limited

Stepped up exports to bring down inventory Dwarikesh sugar has aggressively exported sugar in 2019-20 sugar season. In the third tranche of re-allocation, the company received ~20,000 tonnes for export quota. In the full year, the company will be exporting 1.4 lakh tonnes. However, it has crushed 20% higher sugarcane in current season due to early closure of small scale Jaggery units in surrounding areas, which has led to the higher sugarcane availability for its units in Bijnore'. We estimate sugar sales volume of 4.65 lakh tonnes (including exports of 1.4...

Dwarikesh Sugar Industries Ltd. has lost -47.12% in the last 1 Year

Dwarikesh Sugar Industries Ltd.

13 Jun 2020

39.05

1.56%

Dwarikesh Sugar

Buy: Dwarikesh Sugar Industries...

Target

ICICI Securities Limited

The industry has seen some impact of lockdown in terms of 1-1.5 million tonnes (MT) sugar demand destruction due to adverse impact on carbonated drinks & ice-creams. Moreover, Dwarikesh has produced 22% higher sugar in 2019-20 crushing season (some impacted by closing down of jaggery, khandsari units in March due to lockdown). Given lower demand during lockdown, the company received reduced quota of 55,000 tonnes in June quarter. However, we believe sugar demand is back on track in June 2020 and for rest of the year, the company is expected to receive average...

Dwarikesh Sugar Industries Ltd. has lost -31.07% in the last 3 Months

Dwarikesh Sugar Industries Ltd.

13 Feb 2020

39.05

1.56%

Dwarikesh Sugar

Buy: Dwarikesh Sugar Industries...

Target

ICICI Securities Limited

Newly installed 100 KLPD distillery plant to perk up earnings With the commissioning of 100 KLD new distillery, the company has the capacity to sell 4.0-4.3 crore litre of ethanol to OMCs. Moreover, it would be able to divert ~33% of its sugarcane to B heavy ethanol. We expect distillery volumes to increase from 0.9 crore litre in FY19 to 4.0 crore litre in FY21E. Average distillery realisation would also improve to | 47/litre given higher proportion of B heavy ethanol. We estimate | 53.3 crore & | 191.2 crore revenues from distillery operations in FY20E & FY21E, respectively....

Number of FII/FPI investors decreased from 44 to 37 in Dec 2024 qtr

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Is Dwarikesh Sugar Industries Ltd. worth buying?

377 Votes:

Buy 86.74%

Sell 7.43%

Hold 5.84%