Dwarikesh Sugar Industries Ltd
About
As a key player in the Indian sugar industry, Dwarikesh Sugar Industries manufactures fine grains of sugar and allied products. The company’s key offerings include sugar, ethanol, power, sanitisers, and payment instructions. Dwarikesh started as a single plant in Bijnor, Uttar Pradesh, with a crushing capacity of 2500 tonnes of canes per day. Now, it has a combined production capacity of 21,500 tonnes of sugar every day with 3 manufacturing plants in Uttar Pradesh. Through utilisation of sugar byproducts like molasses, Dwarikesh’s distillery can manufacture up to 30 kilolitres of industrial alcohol per day. Additionally, the company’s power cogeneration business vertical is supported by power plants at each of its sugar manufacturing facilities with a combined power capacity of 89 MW. The Dwarikesh Research Institute is focused on adopting new technologies and techniques like sugarcane breeding stocks to improve the yield and quality of sugarcane.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1899 -0.9% | 1916 1.9% | 1879 5.5% | 1782 24.8% | 1428 1.2% | 1412 0.8% | 1400 9.5% | 1278 52.8% | 836 -41.1% | 1421 58.7% | 896 11.9% | 800 39.1% | 575 -7.0% | 618 67.0% | 370 9.7% | 338 - |
| Net Operating Income (INR Cr) | 1710 -18.71% | 2103 6.28% | 1979 7.61% | 1839 37.63% | 1336 23.25% | 1084 -24.18% | 1430 20.12% | 1190 49.86% | 794 -29.60% | 1128 21.64% | 928 32.78% | 699 17.78% | 593 6.86% | 555 20.18% | 462 72.93% | 267 19.87% |
| Profit (INR Cr) | 84 -20.3% | 105 -32.5% | 155 69.6% | 92 24.6% | 73 -22.8% | 95 -6.3% | 101 -35.0% | 156 300.6% | 39 - | -17 - | -19 - | -11 - | -13 - | -9 - | 25 - | -25 - |
| Assets (INR Cr) | 1306 14.6% | 1139 -6.7% | 1220 0.7% | 1211 -10.5% | 1354 18.3% | 1145 58.2% | 724 -13.3% | 835 6.3% | 785 5.6% | 743 41.5% | 525 -21.8% | 672 9.5% | 613 1.7% | 603 -0.8% | 608 -16.7% | 730 - |
| Net Worth (INR Cr) | 822 11.1% | 740 9.9% | 673 16.3% | 579 19.7% | 484 4.3% | 464 26.7% | 366 27.9% | 286 232.9% | 86 18.1% | 73 -18.7% | 90 -24.7% | 119 -1.1% | 120 -9.9% | 133 -6.4% | 142 15.5% | 123 -11.9% |
| Employee Cost (INR Cr) | 119 0.4% | 118 22.6% | 96 3.8% | 93 17.7% | 79 11.2% | 71 2.2% | 69 -3.1% | 72 44.1% | 50 -30.5% | 71 77.3% | 40 5.9% | 38 7.4% | 35 15.0% | 31 15.8% | 27 12.9% | 24 - |
| Interest Cost (INR Cr) | 20 | 26 | 32 | 48 | 33 | 21 | 25 | 53 | 52 | 75 | 71 | 79 | 60 | 46 | 62 | 49 |
| Cash & Bank Balance (INR Cr) | 34 | 40 | 39 | 1 | 3 | 1 | 3 | 1 | 5 | 1 | 2 | 1 | 1 | 1 | 6 | 4 |
| Total Debt (INR Cr) | 456 | 375 | 524 | 609 | 846 | 656 | 342 | 533 | 656 | 624 | 392 | 525 | 467 | 453 | 449 | 590 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 4.4% | 5.5% | 8.3% | 5.1% | 5.1% | 6.7% | 7.3% | 12.2% | 4.7% | - | - | - | - | - | 6.8% | - |
| Profit As % Of Assets | 6.4% | 9.2% | 12.7% | 7.6% | 5.4% | 8.3% | 14.0% | 18.7% | 5.0% | - | - | - | - | - | 4.1% | - |
| Profit As % Of Networth | 10.2% | 14.2% | 23.1% | 15.8% | 15.2% | 20.5% | 27.7% | 54.6% | 45.4% | - | - | - | - | - | 17.6% | - |
| Interest Cost to EBITDA % | 9.8% | 12.1% | 10.9% | 23.7% | 24.3% | 16.5% | 17.8% | 19.2% | 47.7% | 87.9% | 120.1% | 83.9% | 80.3% | 73.6% | 49.5% | 100.9% |
| Debt to Equity Ratio | 0.55 | 0.51 | 0.78 | 1.05 | 1.75 | 1.41 | 0.94 | 1.86 | 7.63 | 8.58 | 4.38 | 4.42 | 3.88 | 3.40 | 3.16 | 4.79 |
| RONW | 10.7% | 14.8% | 24.8% | 17.2% | 15.5% | 22.9% | 31.1% | 77.7% | 36.5% | - | - | - | - | - | 16.9% | - |
| ROCE | 13.4% | 15.1% | 20.6% | 13.1% | 8.4% | 14.2% | 16.4% | 31.7% | 11.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 13.9% | 0.0% |