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I would strongly recommend Dwarikesh Sugar Industries Limited.
My analysis are as follows:
Gautam R. Morarka – Managing Director’s overview:
Dwarikesh Sugar Industries Limited reported a 51% increase in revenues and a 307% growth in profit after tax in 2016-17. This sharply divergent profitable growth validates what we always believed: that our company would be the last man standing during a sectoral trough and the first to rebound following industry recovery. EPS for FY 17 was Rs 88.36 vis-à-vis Rs. 22.02 in FY 16. CEPS for FY 17 was Rs 135.08 compared to Rs 41.08 during FY 16.
Awards and accreditations during season 2016-17:
On 20th March, 2017: 1st Prize for highest Sugar Recovery at Dwarikesh Nagar Plant in Ganna Kishan Mela evam Krishank Vaigaynik Vichar Sangosthi (Mithas-2017), organised by U.P. Sugarcane Research Centre, Shahjahanpur (U.P.).
On 12th May, 2017: Industry Excellence Award for being most efficient factory (Dwarikesh Nagar) of the year 2016-17 in NISSTA Convention-2017 by North Indian Sugarcane and Sugar Technologists’ Association and Indian Institute of Sugarcane Research, held at Lucknow.
Company and Management is Fundamentally good because of the following Important Ratios:
Liquidity and Solvency ratios:
One can Buy at Rs 48.45 and Targets are as follows:
Target 1 at Rs 67.00 (Holding Period 1 and % of Return is 38+%)
Target 2 at Rs 79.00 (Holding Period 2 and % of Return is 63+%)
Target 3 at Rs 98.75 (Holding Period 3 and % of Return is 100+%)
Disclaimer: All stock recommendations and comments are the opinion of writer. All investors are advised to conduct their own independent research into individual stocks before making decision.
Sources: Dwarikesh Sugar Industries Ltd. (official website)
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