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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Dharani Sugars & Chemicals Ltd

About the Company - Dharani Sugars & Chemicals Ltd

Dharani Sugars & Chemicals Ltd. is a Public Limited Listed company incorporated on 04/06/1987 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L15421TN1987PLC014454 and registration number is 014454. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company’s Total Operating Revenue is Rs. 39.67 Cr. and Equity Capital is Rs. 33.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
SugarPGP House, New No. 59 Sterling Road, Chennai (Madras) Tamil Nadu 600034secretarial@dharanisugars-pgp.com
http://www.dharanisugars.in
Management
NamePosition Held
Dr. Palani G PeriasamyExecutive Chairman
Mr. M RamalingamManaging Director
Mr. P S GopalakrishnanIndependent Director
Mr. P SelvamIndependent Director
Dr. S MuthuIndependent Director
Dr. V R S SampathIndependent Director
Mr. R K ViswanathanIndependent Director
Mr. A SennimalaiDirector
Mrs. Visalakshi PeriasamyDirector
Dr. K C ReddyNominee Director

Basic Stock Data of Dharani Sugars & Chemicals Ltd

Last Updated: May 23, 2024, 1:31 pm

Market Cap 28.4 Cr.
Current Price 8.55
High / Low8.93/7.50
Stock P/E
Book Value 59.4
Dividend Yield0.00 %
ROCE8.84 %
ROE%
Face Value 10.0
PEG Ratio0.00

Competitors of Dharani Sugars & Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mawana Sugars Ltd 379 Cr. 96.8121/83.010.1 1053.10 %9.48 %9.48 % 10.0
Avadh Sugar & Energy Ltd 1,181 Cr. 590855/4527.76 4861.71 %10.4 %11.3 % 10.0
Dhampur Sugar Mills Ltd 1,483 Cr. 223326/20611.0 1662.24 %12.1 %12.5 % 10.0
Dalmia Bharat Sugar & Industries Ltd 3,031 Cr. 374490/3389.98 3631.07 %12.2 %9.73 % 2.00
Triveni Engineering & Industries Ltd 7,513 Cr. 343417/27219.0 1330.95 %14.8 %14.2 % 1.00
Industry Average2,717.40 Cr325.3611.57250.601.81%11.80%11.44%6.60

Dharani Sugars & Chemicals Ltd Quarterly Results

MonthMar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Sales2.1724.106.600.160.2329.4510.230.000.000.000.000.000.82
Expenses15.6625.9411.965.406.1230.7717.674.744.332.512.272.582.69
Operating Profit-13.49-1.84-5.36-5.24-5.89-1.32-7.44-4.74-4.33-2.51-2.27-2.58-1.87
OPM %-621.66%-7.63%-81.21%-3,275.00%-2,560.87%-4.48%-72.73%-228.05%
Other Income34.880.095.620.040.060.170.750.050.040.020.060.020.03
Interest-19.480.010.020.022.061.091.101.20-3.380.000.000.000.00
Depreciation5.615.566.145.855.855.845.845.845.845.565.565.565.56
Profit before tax35.26-7.32-5.90-11.07-13.74-8.08-13.63-11.73-6.75-8.05-7.77-8.12-7.40
Tax %-9.64%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit38.65-7.32-5.91-11.07-13.74-8.08-13.63-11.74-6.75-8.06-7.77-8.13-7.40
EPS in Rs11.64-2.20-1.78-3.33-4.14-2.43-4.11-3.54-2.03-2.43-2.34-2.45-2.23

Dharani Sugars & Chemicals Ltd Quarterly Chart

Dharani Sugars & Chemicals Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Sales61557852436436450948231611031401
Expenses530486475374324435482353154495710
Operating Profit849349-114074-0-37-44-18-18-9
OPM %14%16%9%-3%11%15%-0%-12%-40%-59%-45%-1,127%
Other Income122189817435610
Interest49546566687579752200
Depreciation212429212323232322232322
Profit before tax1617-43-81-43-16-85-131-33-38-40-31
Tax %37%28%21%8%72%-12%-1%-14%10%0%0%0%
Net Profit1012-34-74-12-17-85-149-30-38-40-31
EPS in Rs3.494.15-11.50-25.23-4.08-5.25-25.72-44.98-9.00-11.46-12.11-9.45
Dividend Payout %29%24%0%0%0%0%0%0%0%0%0%0%

Dharani Sugars & Chemicals Ltd Profit & Loss Yearly Chart

Dharani Sugars & Chemicals Ltd Growth

Compounded Sales Growth
10 Years:-48%
5 Years:-72%
3 Years:-80%
TTM:-98%
Compounded Profit Growth
10 Years:%
5 Years:10%
3 Years:15%
TTM:22%
Stock Price CAGR
10 Years:-9%
5 Years:-5%
3 Years:10%
1 Year:-7%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: April 17, 2024, 2:05 am

Zuari Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital292929292933333333333333
Reserves889763-1115814157-92-122-160-200-230
Borrowings485528556588611620559518512536533539
Other Liabilities98173184184185165208236180158169175
Total Liabilities700827832790982959857694603568536517
Fixed Assets342487477462629610604583558538514492
CWIP118810131618000000
Investments55552426291715151515
Other Assets235327340310313305224953015711
Total Assets700827832790982959857694603568536517

Dharani Sugars & Chemicals Ltd Reserves and Borrowings Chart

Dharani Sugars & Chemicals Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 7559555061113145897-14-3-5
Cash from Investing Activity -70-55-12-6-4-5-8140100
Cash from Financing Activity 2-10-41-39-65-108-138-104-918-36
Net Cash Flow7-615-81-1-1-25-61

Dharani Sugars & Chemicals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days45251543554035495760422,008
Inventory Days712122352463352261333225287
Days Payable2748101154187771141404001,263954
Cash Conversion Cycle8919014913420319053-59-318-1,175-9062,008
Working Capital Days746756836417-88-323-445-1,541-1,324-65,540
ROCE %11%11%3%-2%4%7%-1%-11%-15%-9%-10%

Dharani Sugars & Chemicals Ltd Financial Efficiency Indicators Chart

Dharani Sugars & Chemicals Ltd Share Holding Pattern

MonthJun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Promoters61.55%61.55%61.55%61.55%61.55%61.55%61.55%61.55%61.55%61.55%61.55%61.55%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.16%0.00%0.00%0.00%
DIIs0.02%0.02%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public38.43%38.43%38.44%38.44%38.44%38.44%38.44%38.44%38.28%38.43%38.44%38.44%
No. of Shareholders12,92612,87612,46612,45714,09116,67217,93018,74419,77819,58619,76119,674

Dharani Sugars & Chemicals Ltd Shareholding Pattern Chart

No. of Dharani Sugars & Chemicals Ltd Shareholders

This stock is not held by any mutual fund

Dharani Sugars & Chemicals Ltd ROCE Trend

Dharani Sugars & Chemicals Ltd EPS Trend

Dharani Sugars & Chemicals Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-9.44-12.11-11.46-9.00-44.98
Diluted EPS (Rs.)-9.44-12.11-11.46-9.00-44.98
Cash EPS (Rs.)-2.74-5.07-4.41-2.24-38.17
Book Value[Excl.RevalReserv]/Share (Rs.)-59.37-50.10-38.16-26.88-17.78
Book Value[Incl.RevalReserv]/Share (Rs.)-59.37-50.10-38.16-26.88-17.78
Revenue From Operations / Share (Rs.)0.2411.959.3633.1295.09
PBDIT / Share (Rs.)-2.74-5.06-3.77-13.09-10.17
PBIT / Share (Rs.)-9.44-12.10-10.82-19.85-16.97
PBT / Share (Rs.)-9.44-12.11-11.46-10.02-39.43
Net Profit / Share (Rs.)-9.44-12.11-11.46-9.00-44.98
PBDIT Margin (%)-1107.47-42.38-40.30-39.50-10.69
PBIT Margin (%)-3815.89-101.28-115.56-59.92-17.84
PBT Margin (%)-3817.05-101.32-122.34-30.26-41.46
Net Profit Margin (%)-3817.05-101.32-122.34-27.17-47.30
Return on Capital Employeed (%)18.2328.4735.4495.13-47.87
Return On Assets (%)-6.05-7.50-6.70-4.95-21.52
Long Term Debt / Equity (X)-0.03-0.03-0.04-0.01-2.63
Total Debt / Equity (X)-2.74-3.21-4.23-5.74-6.16
Asset Turnover Ratio (%)0.000.070.050.160.40
Current Ratio (X)0.010.010.020.040.15
Quick Ratio (X)0.010.010.010.030.11
Inventory Turnover Ratio (X)-0.0127.526.524.331.82
Interest Coverage Ratio (X)-957.67-1355.96-5.94-20.17-0.45
Interest Coverage Ratio (Post Tax) (X)-3299.75-3240.66-17.05-29.02-1.00
Enterprise Value (Cr.)0.00588.30551.77530.40399.44
EV / Net Operating Revenue (X)0.0014.8317.754.821.27
EV / EBITDA (X)0.00-34.99-44.03-12.21-11.83
MarketCap / Net Operating Revenue (X)0.001.390.680.170.11
Price / BV (X)0.00-0.33-0.16-0.21-0.63
Price / Net Operating Revenue (X)0.001.390.680.170.11
EarningsYield0.00-0.72-1.77-1.56-3.98

Dharani Sugars & Chemicals Ltd Profitability Ratios (%)

Dharani Sugars & Chemicals Ltd Liquidity Ratios

Dharani Sugars & Chemicals Ltd Liquidity Ratios (%)

Dharani Sugars & Chemicals Ltd Interest Coverage Ratios (%)

Dharani Sugars & Chemicals Ltd Valuation Ratios

Fair Value

Fair Value: ₹136.32

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.

Undervalued: 1,494.42% compared to the current price ₹8.55

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: ₹279.96

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 3,174.41% compared to the current price ₹8.55

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 105.37%

*Investments are subject to market risks

Strength and Weakness of Dharani Sugars & Chemicals Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -46.83, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -22.83, which is a positive sign.
  1. The stock has a low average ROCE of -1.00%, which may not be favorable.
  2. The company has higher borrowings (548.75) compared to reserves (-17.58), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (327.83) and profit (-42.33).

FAQ

What is the latest fair value of Dharani Sugars & Chemicals Ltd?

The latest fair value of Dharani Sugars & Chemicals Ltd is ₹136.32.

What is the Market Cap of Dharani Sugars & Chemicals Ltd?

The Market Cap of Dharani Sugars & Chemicals Ltd is 28.4 Cr..

What is the current Stock Price of Dharani Sugars & Chemicals Ltd as on 30 May 2024?

The current stock price of Dharani Sugars & Chemicals Ltd as on 30 May 2024 is ₹8.55.

What is the High / Low of Dharani Sugars & Chemicals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dharani Sugars & Chemicals Ltd stocks is 8.93/7.50.

What is the Stock P/E of Dharani Sugars & Chemicals Ltd?

The Stock P/E of Dharani Sugars & Chemicals Ltd is .

What is the Book Value of Dharani Sugars & Chemicals Ltd?

The Book Value of Dharani Sugars & Chemicals Ltd is 59.4.

What is the Dividend Yield of Dharani Sugars & Chemicals Ltd?

The Dividend Yield of Dharani Sugars & Chemicals Ltd is 0.00 %.

What is the ROCE of Dharani Sugars & Chemicals Ltd?

The ROCE of Dharani Sugars & Chemicals Ltd is 8.84 %.

What is the ROE of Dharani Sugars & Chemicals Ltd?

The ROE of Dharani Sugars & Chemicals Ltd is %.

What is the Face Value of Dharani Sugars & Chemicals Ltd?

The Face Value of Dharani Sugars & Chemicals 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 Dharani Sugars & Chemicals 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