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Last Updated on: 18 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Dhampur Sugar Mills Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 3:27 pm

Market Cap 1,135 Cr.
Current Price 174
High / Low285/172
Stock P/E15.8
Book Value 166
Dividend Yield0.00 %
ROCE11.3 %
ROE11.5 %
Face Value 10.0
PEG Ratio-2.56

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Dhampur Sugar Mills Ltd

Competitors of Dhampur Sugar Mills Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gayatri Sugars Ltd 108 Cr. 16.629.4/15.1 20.00.00 %102 %% 10.0
Dhampure Speciality Sugars Ltd 76.8 Cr. 96.8116/66.152.3 35.60.00 %3.15 %3.78 % 10.0
Dhampur Bio Organics Ltd 823 Cr. 124171/11278.2 1462.03 %5.02 %3.67 % 10.0
DCM Shriram Industries Ltd 1,588 Cr. 182242/14113.0 1001.10 %16.1 %14.9 % 2.00
Davangere Sugar Company Ltd 565 Cr. 6.0111.5/5.6245.6 3.640.00 %6.86 %3.75 % 1.00
Industry Average2,120.21 Cr296.6929.73224.520.65%13.29%13.21%6.37

All Competitor Stocks of Dhampur Sugar Mills Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,089631811400562467703541544671783459364
Expenses979538708346461399621510458567689437311
Operating Profit110931035310068823186104942254
OPM %10%15%13%13%18%15%12%6%16%16%12%5%15%
Other Income146320757041516
Interest1310261291417115111476
Depreciation22122010131412101416131216
Profit before tax77117603379475717678268748
Tax %29%22%27%25%26%37%32%31%31%26%33%28%33%
Net Profit5591442558303912466145532
EPS in Rs8.2513.776.563.768.754.485.921.726.989.096.830.814.78

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,5381,4811,8231,7772,2332,5843,3522,8923,4842,1581,9042,4602,458
Expenses1,2861,2601,6931,6442,0232,0682,9972,4333,1321,8791,6132,1522,151
Operating Profit251221130134210516354460353279292308307
OPM %16%15%7%8%9%20%11%16%10%13%15%12%12%
Other Income-44112117352527183196101110
Interest951161591501591671229010139504438
Depreciation68777655555458707651505255
Profit before tax4539-84-5431320203317207284202223224
Tax %34%42%7%76%18%28%25%21%-4%19%29%29%
Net Profit3023-78-1326230151251216229144158158
EPS in Rs5.504.21-13.70-2.194.3034.4222.8537.8132.6134.5221.6923.7223.71
Dividend Payout %23%30%0%0%0%17%13%17%18%17%28%25%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-23.33%-439.13%83.33%300.00%784.62%-34.35%66.23%-13.94%6.02%-37.12%9.72%
Change in YoY Net Profit Growth (%)0.00%-415.80%522.46%216.67%484.62%-818.96%100.57%-80.17%19.96%-43.14%46.84%

Dhampur Sugar Mills Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:-6%
3 Years:0%
TTM:-25%
Compounded Profit Growth
10 Years:14%
5 Years:-13%
3 Years:-19%
TTM:-54%
Stock Price CAGR
10 Years:15%
5 Years:1%
3 Years:-14%
1 Year:-34%
Return on Equity
10 Years:15%
5 Years:15%
3 Years:13%
Last Year:12%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:37 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital54575960666666666666666565
Reserves4043613476358369351,1581,2951,4948199761,0351,022
Borrowings1,4471,3581,6261,6721,9151,4491,8241,7521,158886744981430
Other Liabilities752958996828514685877755753394335276177
Total Liabilities2,6572,7353,0283,1963,3313,1363,9273,8693,4712,1652,1222,3571,695
Fixed Assets1,0731,0861,2541,4961,4941,5971,5971,6381,6149991,0451,1501,131
CWIP192071828272434721291031714
Investments1211321223524746
Other Assets1,5641,4401,7551,6711,8071,5122,2842,2221,8331,1329711,143503
Total Assets2,6572,7353,0283,1963,3313,1363,9273,8693,4712,1652,1222,3571,695

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-149481-81168-48805-203338880-0383-53
Cash from Investing Activity +-53-247-46-42-56-140-90-49-80-105-146-92
Cash from Financing Activity +221-239125-117106-647268-293-73877-243109
Net Cash Flow19-5-29219-26-363-28-6-36

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow251.00220.00129.00133.00209.00515.00353.00459.00352.00278.00-594.00-436.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days362446413127493650312928
Inventory Days469311327265315158302216293230129208
Days Payable22117917699567312081135633526
Cash Conversion Cycle283157196207289113231171209198123209
Working Capital Days16570116981688016414217713696158
ROCE %9%4%5%8%19%12%15%10%11%11%15%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters49.08%49.08%49.08%49.08%49.09%49.09%49.09%49.09%49.09%49.09%49.12%49.12%
FIIs5.28%5.91%8.68%7.16%5.57%5.09%4.77%6.45%7.57%6.21%6.02%5.50%
DIIs0.59%0.60%0.59%0.49%0.48%0.51%0.50%0.45%0.47%0.45%0.46%0.46%
Public45.05%44.40%41.65%43.27%44.87%45.32%45.65%44.02%42.88%44.24%44.40%44.92%
No. of Shareholders66,24168,41164,74377,85982,62580,07678,35171,18072,71979,51085,14190,194

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)20.2723.8021.7034.5232.61
Diluted EPS (Rs.)20.2723.8021.7034.5232.61
Cash EPS (Rs.)29.5731.6529.2746.1543.89
Book Value[Excl.RevalReserv]/Share (Rs.)168.40157.13133.32234.77204.95
Book Value[Incl.RevalReserv]/Share (Rs.)168.40157.13133.32234.77204.95
Revenue From Operations / Share (Rs.)331.74432.96325.85636.79530.63
PBDIT / Share (Rs.)44.8748.0345.5071.1659.03
PBIT / Share (Rs.)35.8840.1837.9259.4647.59
PBT / Share (Rs.)29.3833.5630.3747.4432.45
Net Profit / Share (Rs.)20.5723.8021.7034.4632.45
NP After MI And SOA / Share (Rs.)20.5423.7321.7034.4932.58
PBDIT Margin (%)13.5211.0913.9611.1711.12
PBIT Margin (%)10.819.2811.639.338.96
PBT Margin (%)8.857.759.317.456.11
Net Profit Margin (%)6.205.496.655.416.11
NP After MI And SOA Margin (%)6.195.486.655.416.14
Return on Networth / Equity (%)12.2015.1016.2714.6915.90
Return on Capital Employeed (%)17.0519.8021.5220.0817.18
Return On Assets (%)5.697.426.656.605.59
Long Term Debt / Equity (X)0.140.200.260.200.31
Total Debt / Equity (X)0.870.690.990.661.20
Asset Turnover Ratio (%)0.961.340.781.150.87
Current Ratio (X)1.211.241.121.201.08
Quick Ratio (X)0.270.380.260.340.28
Inventory Turnover Ratio (X)2.212.221.521.961.52
Dividend Payout Ratio (NP) (%)0.000.0027.6517.3733.26
Dividend Payout Ratio (CP) (%)0.000.0020.4912.9724.62
Earning Retention Ratio (%)0.000.0072.3582.6366.74
Cash Earning Retention Ratio (%)0.000.0079.5187.0375.38
Interest Coverage Ratio (X)6.907.266.025.923.90
Interest Coverage Ratio (Post Tax) (X)4.164.603.873.873.23
Enterprise Value (Cr.)2303.372152.924371.242166.692169.19
EV / Net Operating Revenue (X)1.060.742.020.510.61
EV / EBITDA (X)7.856.7514.474.585.53
MarketCap / Net Operating Revenue (X)0.620.511.640.280.15
Retention Ratios (%)0.000.0072.3482.6266.73
Price / BV (X)1.241.424.010.770.40
Price / Net Operating Revenue (X)0.620.511.640.280.15
EarningsYield0.090.100.040.180.39

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dhampur Sugar Mills Ltd as of November 18, 2024 is: 307.65

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 18, 2024, Dhampur Sugar Mills Ltd is Undervalued by 76.81% compared to the current share price 174.00

Intrinsic Value of Dhampur Sugar Mills Ltd as of November 18, 2024 is: 288.65

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 18, 2024, Dhampur Sugar Mills Ltd is Undervalued by 65.89% compared to the current share price 174.00

Last 5 Year EPS CAGR: -6.18%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (1.77 cr) and profit (150.54 cr) over the years.
  1. The stock has a low average ROCE of 10.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 130.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 198.83, which may not be favorable.
  4. The company has higher borrowings (1,326.31) compared to reserves (870.54), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dhampur Sugar Mills Ltd:
    1. Net Profit Margin: 6.2%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.05% (Industry Average ROCE: 13.29%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 12.2% (Industry Average ROE: 13.21%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.16
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.27
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 15.8 (Industry average Stock P/E: 29.73)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.87
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Dhampur Sugar Mills Ltd. is a Public Limited Listed company incorporated on 22/05/1933 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L15249UP1933PLC000511 and registration number is 000511. Currently Company is involved in the business activities of Electric power generation using other non conventional sources. Company’s Total Operating Revenue is Rs. 2198.16 Cr. and Equity Capital is Rs. 66.38 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
SugarSugar, Co-generation and Distillery Unit: Bijnor District Uttar Pradesh 246761investordesk@dhampursugar.com
https://www.dhampursugar.com
Management
NamePosition Held
Mr. Ashok Kumar GoelChairman
Mr. Gaurav GoelVice Chairman & Mng.Director
Mr. Subhash PandeyWhole Time Director
Mr. Yashwardhan PoddarIndependent Director
Mr. Satpal Kumar AroraIndependent Director
Mr. Anuj KhannaIndependent Director
Ms. Pallavi KhandelwalIndependent Director

FAQ

What is the latest intrinsic value of Dhampur Sugar Mills Ltd?

The latest intrinsic value of Dhampur Sugar Mills Ltd as on 16 November 2024 is ₹307.65, which is 76.81% higher than the current market price of ₹174.00.

What is the Market Cap of Dhampur Sugar Mills Ltd?

The Market Cap of Dhampur Sugar Mills Ltd is 1,135 Cr..

What is the current Stock Price of Dhampur Sugar Mills Ltd as on 16 November 2024?

The current stock price of Dhampur Sugar Mills Ltd as on 16 November 2024 is ₹174.

What is the High / Low of Dhampur Sugar Mills Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dhampur Sugar Mills Ltd stocks is 285/172.

What is the Stock P/E of Dhampur Sugar Mills Ltd?

The Stock P/E of Dhampur Sugar Mills Ltd is 15.8.

What is the Book Value of Dhampur Sugar Mills Ltd?

The Book Value of Dhampur Sugar Mills Ltd is 166.

What is the Dividend Yield of Dhampur Sugar Mills Ltd?

The Dividend Yield of Dhampur Sugar Mills Ltd is 0.00 %.

What is the ROCE of Dhampur Sugar Mills Ltd?

The ROCE of Dhampur Sugar Mills Ltd is 11.3 %.

What is the ROE of Dhampur Sugar Mills Ltd?

The ROE of Dhampur Sugar Mills Ltd is 11.5 %.

What is the Face Value of Dhampur Sugar Mills Ltd?

The Face Value of Dhampur Sugar Mills Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dhampur Sugar Mills Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE