Stocks

Dwarikesh Sugar stocks: Buy Dwarikesh Sugar Industries, target price Rs 135: ICICI Direct

ICICI Direct has buy call on with a target price of Rs 135. The current market price of Dwarikesh Sugar Industries is Rs 88.85.




., 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.

Financials

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.

Promoter/FII Holdings
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.

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