NSEI:DWARKESH

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Executive Summary

Dwarikesh Sugar Industries Limited, an integrated conglomerate, manufactures and sells sugar and allied products in India and internationally. More Details


Snowflake Analysis

Excellent balance sheet and good value.


Similar Companies

Share Price & News

How has Dwarikesh Sugar Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DWARKESH is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DWARKESH's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

1.7%

DWARKESH

1.8%

IN Food

1.8%

IN Market


1 Year Return

20.7%

DWARKESH

23.1%

IN Food

7.9%

IN Market

Return vs Industry: DWARKESH underperformed the Indian Food industry which returned 23.1% over the past year.

Return vs Market: DWARKESH exceeded the Indian Market which returned 7.9% over the past year.


Shareholder returns

DWARKESHIndustryMarket
7 Day1.7%1.8%1.8%
30 Day1.9%4.1%10.6%
90 Day-7.0%2.7%9.7%
1 Year24.1%20.7%25.1%23.1%9.9%7.9%
3 Year-45.7%-49.4%39.8%35.1%8.5%3.2%
5 Year271.4%240.9%161.1%147.7%55.7%43.9%

Long-Term Price Volatility Vs. Market

How volatile is Dwarikesh Sugar Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dwarikesh Sugar Industries undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DWARKESH (₹29.45) is trading below our estimate of fair value (₹112.03)

Significantly Below Fair Value: DWARKESH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DWARKESH is good value based on its PE Ratio (6.6x) compared to the IN Food industry average (13.3x).

PE vs Market: DWARKESH is good value based on its PE Ratio (6.6x) compared to the Indian market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DWARKESH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DWARKESH's PB Ratio (1.1x) is in line with the IN Food industry average.


Next Steps

Future Growth

How is Dwarikesh Sugar Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.1%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dwarikesh Sugar Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Dwarikesh Sugar Industries performed over the past 5 years?

7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DWARKESH has high quality earnings.

Growing Profit Margin: DWARKESH's current net profit margins (5.2%) are lower than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: DWARKESH has become profitable over the past 5 years, growing earnings by 7.2% per year.

Accelerating Growth: DWARKESH's earnings growth over the past year (4.8%) is below its 5-year average (7.2% per year).

Earnings vs Industry: DWARKESH earnings growth over the past year (4.8%) underperformed the Food industry 12.4%.


Return on Equity

High ROE: DWARKESH's Return on Equity (16.2%) is considered low.


Next Steps

Financial Health

How is Dwarikesh Sugar Industries's financial position?


Financial Position Analysis

Short Term Liabilities: DWARKESH's short term assets (₹7.6B) exceed its short term liabilities (₹5.3B).

Long Term Liabilities: DWARKESH's short term assets (₹7.6B) exceed its long term liabilities (₹1.9B).


Debt to Equity History and Analysis

Debt Level: DWARKESH's debt to equity ratio (94.7%) is considered high.

Reducing Debt: DWARKESH's debt to equity ratio has reduced from 504.2% to 94.7% over the past 5 years.

Debt Coverage: DWARKESH's debt is well covered by operating cash flow (28.3%).

Interest Coverage: DWARKESH's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Dwarikesh Sugar Industries's current dividend yield, its reliability and sustainability?

3.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DWARKESH's dividend (3.4%) is higher than the bottom 25% of dividend payers in the Indian market (0.52%).

High Dividend: DWARKESH's dividend (3.4%) is in the top 25% of dividend payers in the Indian market (2.1%)


Stability and Growth of Payments

Stable Dividend: DWARKESH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: DWARKESH has only been paying a dividend for 4 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as DWARKESH has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Balkishan Maheshwari (60 yo)

2.5yrs

Tenure

₹13,223,000

Compensation

Mr. Balkishan Jawarilal Maheshwari has been the Managing Director of Dwarikesh Sugar Industries Limited since May 7, 2018, serves as its Company Secretary and Chief Compliance Officer since 2009. Mr. Mahes...


CEO Compensation Analysis

Compensation vs Market: Balkishan's total compensation ($USD178.61K) is above average for companies of similar size in the Indian market ($USD50.34K).

Compensation vs Earnings: Balkishan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Gautam Morarka
Founder & Executive Chairman1.83yrs₹27.12m15.74%
₹ 872.6m
Balkishan Maheshwari
MD, Company Secretary & Chief Compliance Officer2.5yrs₹13.22mno data
Vijay Banka
MD & Director11.5yrs₹11.68mno data
Alok Lohia
Chief Financial Officer2.25yrs₹4.55mno data
Priyanka Morarka
President of Corporate Affairs1.33yrs₹3.77m0.94%
₹ 51.9m
Salil Arya
Group Compliance Officer2.25yrsno datano data
Sharvan Sharma
General Manager of Human Resources Departmentno datano datano data
R. Singh
Chief Manager of Materialsno datano datano data
Balendu Sharma
Chief General Manager of Information Technologyno datano datano data
Surendra Singh
Chief General Manager of Caneno datano datano data
Rajendra Thakur
Chief General Manager of Worksno datano datano data

2.4yrs

Average Tenure

57.5yo

Average Age

Experienced Management: DWARKESH's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gautam Morarka
Founder & Executive Chairman1.83yrs₹27.12m15.74%
₹ 872.6m
Balkishan Maheshwari
MD, Company Secretary & Chief Compliance Officer2.5yrs₹13.22mno data
Vijay Banka
MD & Director11.5yrs₹11.68mno data
Balkumar Agarwal
Independent Non-Executive Director15.08yrs₹460.00kno data
Kokkarne Prithviraj
Independent Non-Executive Director5.17yrs₹260.00kno data
Nina Chatrath
Independent Woman Director3.75yrs₹310.00kno data
Rajan Medhekar
Additional Independent Directorno datano datano data
Gopal Hosur
Additional Independent Directorno datano datano data

8.3yrs

Average Tenure

64yo

Average Age

Experienced Board: DWARKESH's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Dwarikesh Sugar Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dwarikesh Sugar Industries Limited
  • Ticker: DWARKESH
  • Exchange: NSEI
  • Founded: 1993
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ₹5.545b
  • Shares outstanding: 188.30m
  • Website: https://www.dwarikesh.com

Number of Employees


Location

  • Dwarikesh Sugar Industries Limited
  • 511, Maker Chambers V
  • 221, Nariman Point
  • Mumbai
  • Maharashtra
  • 400021
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532610BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2005
DWARKESHNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2005

Biography

Dwarikesh Sugar Industries Limited, an integrated conglomerate, manufactures and sells sugar and allied products in India and internationally. It is also involved in the co-generation of power, and manufac...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 12:15
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.