Buy Dwarikesh Sugar Industries, target price Rs 135: ICICI Direct
Dwarikesh Sugar Industries Ltd NSE -1.52 % , incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1674.00 Crore) operating in Sugar sector.
Dwarikesh Sugar Industries Ltd. key Products/Revenue Segments include Sugar, Ethanol, Power, Miscellaneous Sales, Molasses, Other Operating Revenue and Sanitizer for the year ending 31-Mar-2022.
For the quarter ended 30-09-2022, the company reported a Standalone Total Income of Rs 542.42 Crore, down -16.35 % from last quarter Total Income of Rs 648.42 Crore and up 7.16 % from last year same quarter Total Income of Rs 506.17 Crore. Company reported net profit after tax of Rs 7.84 Crore in latest quarter.
Promoters held 42.09 per cent stake in the company as of 31-Mar-2022, while FIIs owned 7.7 per cent, DIIs 3.25 per cent.