Dwarikesh Sugar Industries Limited

NSEI:DWARKESH Stock Report

Market Cap: ₹10.7b

Dwarikesh Sugar Industries Valuation

Is DWARKESH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DWARKESH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DWARKESH (₹57.52) is trading above our estimate of fair value (₹52.01)

Significantly Below Fair Value: DWARKESH is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DWARKESH?

Key metric: As DWARKESH is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DWARKESH. This is calculated by dividing DWARKESH's market cap by their current revenue.
What is DWARKESH's PS Ratio?
PS Ratio0.8x
Sales₹12.80b
Market Cap₹10.68b

Price to Sales Ratio vs Peers

How does DWARKESH's PS Ratio compare to its peers?

The above table shows the PS ratio for DWARKESH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
500119 Dhampur Sugar Mills
0.6xn/a₹10.7b
AVADHSUGAR Avadh Sugar & Energy
0.4xn/a₹10.3b
532729 Uttam Sugar Mills
0.5xn/a₹10.1b
519105 AVT Natural Products
2.3xn/a₹11.8b
DWARKESH Dwarikesh Sugar Industries
0.8x16.2%₹10.7b

Price-To-Sales vs Peers: DWARKESH is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does DWARKESH's PS Ratio compare vs other companies in the IN Food Industry?

20 CompaniesPrice / SalesEstimated GrowthMarket Cap
GOKUL Gokul Refoils & Solvent
0.2xn/aUS$72.83m
MGEL Mangalam Global Enterprise
0.2xn/aUS$49.47m
523371 Mawana Sugars
0.3xn/aUS$45.50m
531069 Vijay Solvex
0.2xn/aUS$35.13m
DWARKESH 0.8xIndustry Avg. 1.2xNo. of Companies39PS01.22.43.64.86+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DWARKESH is good value based on its Price-To-Sales Ratio (0.8x) compared to the Indian Food industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is DWARKESH's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DWARKESH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: DWARKESH is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DWARKESH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹57.52
₹74.50
+29.5%
15.4%₹86.00₹63.00n/a2
Dec ’25₹66.30
₹74.50
+12.4%
15.4%₹86.00₹63.00n/a2
Nov ’25₹63.50
₹74.50
+17.3%
15.4%₹86.00₹63.00n/a2
Oct ’25₹78.55
₹78.00
-0.7%
10.3%₹86.00₹70.00n/a2
Sep ’25₹76.54
₹78.00
+1.9%
10.3%₹86.00₹70.00n/a2
Aug ’25₹73.13
₹80.50
+10.1%
19.3%₹96.00₹65.00n/a2
Jul ’25₹73.82
₹80.50
+9.0%
19.3%₹96.00₹65.00n/a2
Jun ’25₹68.15
₹80.50
+18.1%
19.3%₹96.00₹65.00n/a2
May ’25₹73.00
₹80.50
+10.3%
19.3%₹96.00₹65.00n/a2
Apr ’25₹73.10
₹96.00
+31.3%
14.6%₹110.00₹82.00n/a2
Mar ’25₹78.00
₹96.00
+23.1%
14.6%₹110.00₹82.00n/a2
Feb ’25₹84.50
₹96.00
+13.6%
14.6%₹110.00₹82.00n/a2
Jan ’25₹87.80
₹103.00
+17.3%
8.7%₹112.00₹94.00₹57.802
Dec ’24₹90.95
₹111.00
+22.0%
0.9%₹112.00₹110.00₹66.302
Nov ’24₹87.65
₹111.00
+26.6%
0.9%₹112.00₹110.00₹63.502
Oct ’24₹104.45
₹124.33
+19.0%
3.4%₹130.00₹120.00₹78.553
Sep ’24₹90.00
₹122.67
+36.3%
5.0%₹130.00₹115.00₹76.543
Aug ’24₹91.40
₹122.67
+34.2%
5.0%₹130.00₹115.00₹73.133
Jul ’24₹90.25
₹130.33
+44.4%
8.4%₹140.00₹115.00₹73.823
Jun ’24₹88.75
₹130.33
+46.9%
8.4%₹140.00₹115.00₹68.153
May ’24₹91.60
₹130.33
+42.3%
8.4%₹140.00₹115.00₹73.003
Apr ’24₹85.35
₹132.67
+55.4%
5.4%₹140.00₹123.00₹73.103
Mar ’24₹82.75
₹132.67
+60.3%
5.4%₹140.00₹123.00₹78.003
Feb ’24₹93.40
₹130.33
+39.5%
9.7%₹143.00₹113.00₹84.503
Jan ’24₹105.15
₹128.00
+21.7%
8.3%₹136.00₹113.00₹87.803

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 11:54
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Dwarikesh Sugar Industries Limited is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rajesh MajumdarBatlivala & Karani Securities India Pvt. Ltd.
Nandan ChakrabortyDAM Capital Advisors
Sanjay ManyalDAM Capital Advisors