Dwarikesh Sugar: History, Share/Stock Price
Dwarikesh Sugar Industries Limited is an Indian business that produces and sells sugar while also generating power and industrial ethanol.
About Dwarikesh Sugar: The Company operates in three segments: distillery and sugar co-generation. Dwarikesh Sugar Industries Limited is an Indian business that produces and sells sugar while also generating power and industrial ethanol. The Bundki brand is used by the company to conduct business.
The Company operates in three segments: distillery and sugar co-generation. An integrated conglomerate, Dwarikesh Sugar Industries Limited produces sugar and related goods as its main business. The Bundki brand is used by the company to conduct business.
History Dwarikesh Sugar
Starting small, in the Bijnor district of Uttar Pradesh, where they first opened our first plant in 1993 with a capacity of 2500 TCD, Today, Dwarikesh is a multifaceted, rapidly expanding industrial group with a significant presence in a variety of industries, including the production of ethanol and industrial alcohol.
In the Bijnor district of Uttar Pradesh, Dwarikesh Nagar (Najibabad), Dwarikesh Puram (Afzalgarh), and at Dwarikesh Dham Tehsil Faridpur District- Bareilly, are the company’s plants, which have a combined daily capacity of 21,500 tonnes of sugar.
In addition to being active in Rajasthan and New Delhi, their affiliated businesses and organizations each have a unique identity in the industries they work in.
As of September 30, 2010, the company operated two sugar manufacturing facilities in the Uttar Pradesh district of Bijnor and one sugar facility in the district of Bareilly.
Future of Dwarikesh Sugar
The company produced 1831707 units of sugar, 905605 units of molasses, and 212637950 kilowatt hours of power during the fiscal year that ended on September 30, 2010.
The company had an installed capacity of 21500 TCD of sugarcane, 30 KLPD of industrial ethanol, and 86 megawatts of power as of September 30, 2010. With a target price of Rs 145.0, ICICI Direct has a buy call on Dwarikesh Sugar Industries.
Dwarikesh Sugar Industries is currently selling at Rs 122.6. The analyst has stated that the price of Dwarikesh Sugar Industries can reach the target within a year.
Dwarikesh Sugar Industries is a Small Cap business with a market cap of Rs 2310.46 crore that operates in the Sugar sector. It was founded in the year 1993.
Growth Dwarikesh Sugar
For the fiscal year ending March 31, 2021, Dwarikesh Sugar Industries’ primary product/revenue segments include sugar, ethanol, other operating revenue, power, molasses, and miscellaneous sales.
The company is based in Bijnor, Uttar Pradesh. With a new green-field project of 5,500 TCD, the business will significantly expand its current 6,500 TCD sugar capacity.
DSIL started producing industrial alcohol-ethanol in February 2005 and now has a daily output of 30 KL.
It has an integrated sugar factory and plans to invest Rs 110 crore to increase capacity at Bahadurpur in the Bijnor area of Uttar Pradesh to 5,500 tonnes crushed per day (TCPD) which delighted everyone, including the foreign institutional investors, and completed a successful initial public offering in November 2004 raising Rs. 32.50 Crores.
During the previous sugar year, which ended on September 30, 2005, the company generated a net profit of Rs. 26.59 Crores, an increase of 172% over the net profit generated in the previous sugar year.