With over 200% returns in the last 2 years, shares of this small-cap sugar company have turned into investors’ delight!

Multi-bagger Stocks

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 5.4k Views
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An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 3.31 lakh today.

Dwarikesh Sugar Industries Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price has jumped from Rs 31.10 on December 30, 2020 to Rs 103 on December 27, 2022, an increase of 231% in the two-year holding period.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 3.31 lakh today.

Dwarikesh Sugar Industries Ltd is engaged in the production of sugar and other sugar-related activities. The product range of the company includes sugar, white crystal sugar, ethanol, captive power, molasses and valuable residue. The company is also engaged in the business of Sugar, Co. Gen., Distillery.

In the recent quarter Q2FY23, the company’s net revenue increased by 6.79% YoY to Rs 540.11 crore. However, owing to relatively faster growth in expenses, the profits declined. Similarly, the bottom line decreased by 80% YoY to Rs 7.84 crore.

The company is currently trading at a TTM PE of 14.2x, as against the industry PE of 11.3x. In FY22, the company delivered an ROE & ROCE of 24% and 21% respectively. The company is a constituent of 
Group A stocks and commands a market capitalization of Rs 1,915.03 crore.

Looking at the shareholding pattern, with 7.93 crore shares, the promoters of the company hold a 42% stake. Today, the scrip of Dwarikesh Sugar Industries opened at Rs 103, which was also the day’s high. The scrip touched an intra-day low of Rs 100.70. So far 84,902 shares have been traded on the bourses.

At 11.24 am, the shares of Dwarikesh Sugar Industries Ltd were trading at Rs 101.60, a decrease of 1.36% from the previous day’s closing price of Rs 103 on BSE. The stock has a 52-week high & low of Rs 148.45 and Rs 68.30 respectively on BSE.

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