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DHAMPURSUG
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Dhampur Sugar Mills Issues Commercial Paper Worth 1 Billion Rupees
March 6 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
ISSUES COMMERCIAL PAPER WORTH 1 BILLION RUPEES
Source text: ID:nBSE17t90M
Further company coverage: DAMS.NS
(([email protected];;))
March 6 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
ISSUES COMMERCIAL PAPER WORTH 1 BILLION RUPEES
Source text: ID:nBSE17t90M
Further company coverage: DAMS.NS
(([email protected];;))
Dhampur Sugar Mills Dec-Quarter Consol Net Profit 151.2 Million Rupees
Feb 6 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
DEC-QUARTER CONSOL NET PROFIT 151.2 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.87 BILLION RUPEES
Further company coverage: DAMS.NS
(([email protected];))
Feb 6 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
DEC-QUARTER CONSOL NET PROFIT 151.2 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.87 BILLION RUPEES
Further company coverage: DAMS.NS
(([email protected];))
Indian sugar companies jump on report of ethanol price hike
** Indian sugar companies gain between 2.4% and 6.6%
** Indian government preparing for final decision on proposed ethanol price increase, ET Now reports citing sources
** Report says price of ethanol made from B-heavy molasses expected to rise by ~2 rupees/litre, while price of ethanol made from sugarcane juice likely to climb 1.50 rupees/litre
** Balrampur Chini Mills BACH.NS, Bajaj Hindusthan Sugar BJHN.NS, Dhampur Sugar Mills DAMS.NS, Dalmia Bharat Sugar and Industries DLMI.NS, E.I.D. - Parry (India) EIDP.NS, Shree Renuka Sugars SRES.NS, Triveni Engineering and Industries TREI.NS up 2.4%, 3.9%, 6.6%, 4.8%, 3%, 4.1% and 2.9%, respectively
** In 2024, BJHN, BACH, TREI, EIDP advanced 9.2%, 29.1%, 32.3%, 60.5%, respectively; SRES lost 16.3%, DLMI fell 12% and DAMS shed 36.3%
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Indian sugar companies gain between 2.4% and 6.6%
** Indian government preparing for final decision on proposed ethanol price increase, ET Now reports citing sources
** Report says price of ethanol made from B-heavy molasses expected to rise by ~2 rupees/litre, while price of ethanol made from sugarcane juice likely to climb 1.50 rupees/litre
** Balrampur Chini Mills BACH.NS, Bajaj Hindusthan Sugar BJHN.NS, Dhampur Sugar Mills DAMS.NS, Dalmia Bharat Sugar and Industries DLMI.NS, E.I.D. - Parry (India) EIDP.NS, Shree Renuka Sugars SRES.NS, Triveni Engineering and Industries TREI.NS up 2.4%, 3.9%, 6.6%, 4.8%, 3%, 4.1% and 2.9%, respectively
** In 2024, BJHN, BACH, TREI, EIDP advanced 9.2%, 29.1%, 32.3%, 60.5%, respectively; SRES lost 16.3%, DLMI fell 12% and DAMS shed 36.3%
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Weather woes to crush India's sugar production, export hopes
By Rajendra Jadhav
MUMBAI, Dec 23 (Reuters) - Sugarcane yields in India are declining due to last year's drought and this year's excessive rains, which could reduce the country's sugar production below consumption levels for the first time in eight years, farmers and industry officials said on Monday.
Lower-than-expected output by the world's second-largest sugar producer could eliminate the possibility of India allowing exports in the current season ending in September 2025, supporting global sugar prices SBc1, LSUc1.
Maharashtra, Karnataka, and Uttar Pradesh account for more than 80% of the country's total sugar production, with lower cane yields in these states prompting trade houses to reduce their output estimates for the 2024/25 season.
The production could fall to around 27 million metric tons from the last year's 32 million tons and below annual consumption of more than 29 million tons, said India head of a global trade house, who declined to be named.
"During the summer months, the cane crop faced prolonged stress due to the lack of water," B.B. Thombare, president of the West Indian Sugar Mills Association told Reuters.
"When the monsoon season began, there was excessive rainfall and limited sunshine, which also adversely affected the crop's growth."
The adverse weather curtailed cane yields by 10 to 15 tons per hectare, Thombare said.
The western state of Maharashtra and neighbouring Karnataka, which together produce nearly half of India's sugar, received lower-than-average rainfall in 2023, bringing down reservoir levels.
"Usually, we harvest 120 to 130 tons of cane from one hectare of land, but this year yields have fallen to 80 tons despite all our efforts," says Shrikant Ingle, who cultivated cane on five acres of land in Maharashtra's Solapur.
Drought did not affect the crop in Uttar Pradesh, the country's leading sugar-producing state in the north.
However, plantations in the state were impacted by red rot disease, which reduced sugarcane yields, said a senior state government official.
"To control the spread of the disease, we are advising farmers to adopt new cane varieties," the official said.
The downward revision in the production estimate has eliminated the possibility of any exports in the current season, the head of the trade house said.
Sugar industry seeks 2 million tons of exports, while the government says it may allow limited exports, if any surplus remains after ethanol needs are met.
India to extend sugar exports ban https://reut.rs/3AQjNNn
India's sugar output set to fall below consumption https://tmsnrt.rs/3Rb7xf5
(Reporting by Rajendra Jadhav; Editing by Janane Venkatraman)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
By Rajendra Jadhav
MUMBAI, Dec 23 (Reuters) - Sugarcane yields in India are declining due to last year's drought and this year's excessive rains, which could reduce the country's sugar production below consumption levels for the first time in eight years, farmers and industry officials said on Monday.
Lower-than-expected output by the world's second-largest sugar producer could eliminate the possibility of India allowing exports in the current season ending in September 2025, supporting global sugar prices SBc1, LSUc1.
Maharashtra, Karnataka, and Uttar Pradesh account for more than 80% of the country's total sugar production, with lower cane yields in these states prompting trade houses to reduce their output estimates for the 2024/25 season.
The production could fall to around 27 million metric tons from the last year's 32 million tons and below annual consumption of more than 29 million tons, said India head of a global trade house, who declined to be named.
"During the summer months, the cane crop faced prolonged stress due to the lack of water," B.B. Thombare, president of the West Indian Sugar Mills Association told Reuters.
"When the monsoon season began, there was excessive rainfall and limited sunshine, which also adversely affected the crop's growth."
The adverse weather curtailed cane yields by 10 to 15 tons per hectare, Thombare said.
The western state of Maharashtra and neighbouring Karnataka, which together produce nearly half of India's sugar, received lower-than-average rainfall in 2023, bringing down reservoir levels.
"Usually, we harvest 120 to 130 tons of cane from one hectare of land, but this year yields have fallen to 80 tons despite all our efforts," says Shrikant Ingle, who cultivated cane on five acres of land in Maharashtra's Solapur.
Drought did not affect the crop in Uttar Pradesh, the country's leading sugar-producing state in the north.
However, plantations in the state were impacted by red rot disease, which reduced sugarcane yields, said a senior state government official.
"To control the spread of the disease, we are advising farmers to adopt new cane varieties," the official said.
The downward revision in the production estimate has eliminated the possibility of any exports in the current season, the head of the trade house said.
Sugar industry seeks 2 million tons of exports, while the government says it may allow limited exports, if any surplus remains after ethanol needs are met.
India to extend sugar exports ban https://reut.rs/3AQjNNn
India's sugar output set to fall below consumption https://tmsnrt.rs/3Rb7xf5
(Reporting by Rajendra Jadhav; Editing by Janane Venkatraman)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
India sugar prices hit 18-month low, mills struggle to make cane payments
By Rajendra Jadhav
MUMBAI, Dec 5 (Reuters) - Sugar prices in India fell to their lowest level in 1-1/2 year due to ample supplies, making it difficult for mills to pay farmers the cane price as the crushing season gains momentum, industry officials told Reuters.
The fall in prices is prompting industry to demand immediate revision in minimum selling price (MSP) to limit losses, which will improve mills' margins and allow them to make timely cane payments to millions of cane growers.
"Sugar prices have fallen below the cost of production. This makes it difficult for mills to pay the revised cane price unless sugar prices rise," said B.B. Thombare, president of the West Indian Sugar Mills Association.
Wholesale sugar prices SUG-ARSKOL-NCX at Kolhapur in western state of Maharashtra have fallen nearly 8% in past four months to 33,675 rupees ($397.60) per ton, the lowest since June 2023.
The government should quickly raise the MSP above 40,000 rupees per ton to make cane crushing viable for sugar mills, Thombare said.
Indian trade bodies have been demanding an increase in the MSP, saying the government has raised the mandatory procurement price of sugarcane in recent years while the MSP has remained unchanged since 2019.
Sugar prices are falling as demand has decreased after the festival season, and new season supplies have begun, said Ashok Jain, president of the Bombay Sugar Merchants Association.
Indian mills have produced 2.79 million metric tons of sugar since the current season began on Oct. 1, down 35.4% year on year, a leading industry body said on Monday.
Mills in Maharashtra, which recently underwent state elections, sold more sugar than allocated, as mills controlled by politicians needed funds for election campaigns, said a Mumbai-based trader.
"The market was flooded with sugar in the past two months. This is why mills are now struggling to sell sugar, even at lower prices," the trader said.
($1 = 84.6950 Indian rupees)
(Reporting by Rajendra Jadhav; editing by David Evans)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
By Rajendra Jadhav
MUMBAI, Dec 5 (Reuters) - Sugar prices in India fell to their lowest level in 1-1/2 year due to ample supplies, making it difficult for mills to pay farmers the cane price as the crushing season gains momentum, industry officials told Reuters.
The fall in prices is prompting industry to demand immediate revision in minimum selling price (MSP) to limit losses, which will improve mills' margins and allow them to make timely cane payments to millions of cane growers.
"Sugar prices have fallen below the cost of production. This makes it difficult for mills to pay the revised cane price unless sugar prices rise," said B.B. Thombare, president of the West Indian Sugar Mills Association.
Wholesale sugar prices SUG-ARSKOL-NCX at Kolhapur in western state of Maharashtra have fallen nearly 8% in past four months to 33,675 rupees ($397.60) per ton, the lowest since June 2023.
The government should quickly raise the MSP above 40,000 rupees per ton to make cane crushing viable for sugar mills, Thombare said.
Indian trade bodies have been demanding an increase in the MSP, saying the government has raised the mandatory procurement price of sugarcane in recent years while the MSP has remained unchanged since 2019.
Sugar prices are falling as demand has decreased after the festival season, and new season supplies have begun, said Ashok Jain, president of the Bombay Sugar Merchants Association.
Indian mills have produced 2.79 million metric tons of sugar since the current season began on Oct. 1, down 35.4% year on year, a leading industry body said on Monday.
Mills in Maharashtra, which recently underwent state elections, sold more sugar than allocated, as mills controlled by politicians needed funds for election campaigns, said a Mumbai-based trader.
"The market was flooded with sugar in the past two months. This is why mills are now struggling to sell sugar, even at lower prices," the trader said.
($1 = 84.6950 Indian rupees)
(Reporting by Rajendra Jadhav; editing by David Evans)
(([email protected]; Reuters Messaging: x.com/Rajendra1857))
Dhampur Sugar Mills Sept-Quarter Consol Net Loss 134.8 Million Rupees
Nov 12 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
DHAMPUR SUGAR MILLS SEPT-QUARTER CONSOL NET LOSS 134.8 MILLION RUPEES
DHAMPUR SUGAR MILLS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.81 BILLION RUPEES
Source text: ID:nBSE4CzfXr
Further company coverage: DAMS.NS
(([email protected];;))
Nov 12 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
DHAMPUR SUGAR MILLS SEPT-QUARTER CONSOL NET LOSS 134.8 MILLION RUPEES
DHAMPUR SUGAR MILLS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.81 BILLION RUPEES
Source text: ID:nBSE4CzfXr
Further company coverage: DAMS.NS
(([email protected];;))
India's Dhampur Bio Organics slips on reporting Q2 loss
** Shares of Dhampur Bio Organics DHAO.NS fall as much as 4.6% to 128 rupees before paring some losses to trade 1% lower
** Sugarcane processing co reports Q2 consol loss at 233.7 mln rupees ($2.8 mln) vs a year-ago profit of 600,000 rupees
** Rev from ops falls ~5%
** Stock down ~14% YTD; it fell 24.5% in 2023
($1 = 84.1180 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of Dhampur Bio Organics DHAO.NS fall as much as 4.6% to 128 rupees before paring some losses to trade 1% lower
** Sugarcane processing co reports Q2 consol loss at 233.7 mln rupees ($2.8 mln) vs a year-ago profit of 600,000 rupees
** Rev from ops falls ~5%
** Stock down ~14% YTD; it fell 24.5% in 2023
($1 = 84.1180 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
India allows ethanol production from cane juice
Adds details, comments from industry officials
By Rajendra Jadhav
MUMBAI, Aug 29 (Reuters) - India will allow sugar mills to use cane juice or syrup to produce ethanol in the new marketing year starting Nov. 1, the government said in a notification on Thursday.
The world's second-biggest sugar producer imposed restrictions on diverting sugar for ethanol production in December 2023 to increase sugar output after cane crop was hit by below-average monsoon rains.
In the new season, distilleries can also use B-heavy molasses, a byproduct with higher sucrose levels, for ethanol production, the government said in the notification.
Around 750,000 metric tons of B-heavy molasses are lying in stock with mills after the government restricted ethanol production from this feedstock last year, said Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories Ltd.
"Now that the restriction is lifted, they can use these stocks," Naiknavare said.
Indian sugar mills such as E.I.D.-Parry EIDP.NS, Balrampur Chini Mills BACH.NS, Shree Renuka SRES.NS, Bajaj Hindusthan BJHN.NS, and Dwarikesh Sugar DWAR.NS have increased their ethanol production capacity in the last few years.
The south Asian country also allowed distilleries to purchase up to 2.3 million metric tons of rice from the state-run Food Corporation of India (FCI) for ethanol production, the government said in a separate notification.
"The permission to utilise FCI rice as a feedstock will enhance ethanol production from dual-feed distilleries," said Vijay Nirani, managing director of TruAlt Bioenergy Ltd.
The two policy changes will not only help increase ethanol blending in gasoline but also help mills and distilleries make timely cane payments to millions of farmers, Nirani said.
India aims to increase ethanol production to blend 20% ethanol into gasoline by 2025-26, from around 13% now.
(Reporting by Rajendra Jadhav; Editing by Kirsten Donovan and Devika Syamnath)
(([email protected]; +91-22-68414378 ; Reuters Messaging: [email protected]))
Adds details, comments from industry officials
By Rajendra Jadhav
MUMBAI, Aug 29 (Reuters) - India will allow sugar mills to use cane juice or syrup to produce ethanol in the new marketing year starting Nov. 1, the government said in a notification on Thursday.
The world's second-biggest sugar producer imposed restrictions on diverting sugar for ethanol production in December 2023 to increase sugar output after cane crop was hit by below-average monsoon rains.
In the new season, distilleries can also use B-heavy molasses, a byproduct with higher sucrose levels, for ethanol production, the government said in the notification.
Around 750,000 metric tons of B-heavy molasses are lying in stock with mills after the government restricted ethanol production from this feedstock last year, said Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories Ltd.
"Now that the restriction is lifted, they can use these stocks," Naiknavare said.
Indian sugar mills such as E.I.D.-Parry EIDP.NS, Balrampur Chini Mills BACH.NS, Shree Renuka SRES.NS, Bajaj Hindusthan BJHN.NS, and Dwarikesh Sugar DWAR.NS have increased their ethanol production capacity in the last few years.
The south Asian country also allowed distilleries to purchase up to 2.3 million metric tons of rice from the state-run Food Corporation of India (FCI) for ethanol production, the government said in a separate notification.
"The permission to utilise FCI rice as a feedstock will enhance ethanol production from dual-feed distilleries," said Vijay Nirani, managing director of TruAlt Bioenergy Ltd.
The two policy changes will not only help increase ethanol blending in gasoline but also help mills and distilleries make timely cane payments to millions of farmers, Nirani said.
India aims to increase ethanol production to blend 20% ethanol into gasoline by 2025-26, from around 13% now.
(Reporting by Rajendra Jadhav; Editing by Kirsten Donovan and Devika Syamnath)
(([email protected]; +91-22-68414378 ; Reuters Messaging: [email protected]))
Dhampur Sugar Mills June-Quarter Consol Net Profit 15.6 Million Rupees
Aug 2 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
DHAMPUR SUGAR MILLS LTD JUNE-QUARTER CONSOL NET PROFIT 15.6 MILLION RUPEES
DHAMPUR SUGAR MILLS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.78 BILLION RUPEES
Source text for Eikon: ID:nBSE3b9ZZj
Further company coverage: DAMS.NS
(([email protected];))
Aug 2 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
DHAMPUR SUGAR MILLS LTD JUNE-QUARTER CONSOL NET PROFIT 15.6 MILLION RUPEES
DHAMPUR SUGAR MILLS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.78 BILLION RUPEES
Source text for Eikon: ID:nBSE3b9ZZj
Further company coverage: DAMS.NS
(([email protected];))
Indian sugar stocks surge on reports govt mulling minimum sale price hike
** Shares of Indian sugar companies surge on reports govt will increase minimum selling price for the commodity
** Shares of Dalmia Bharat Sugar and Industries DLMI.NS, Triveni Industries TREI.NS, Bajaj Hindusthan Sugar BJHN.NS Dhampur Sugar Mills DAMS.NS and Balrampur Chini Mills BACH.NS rise between 4% and 14%
** EID Parry EIDP.NS up 2%
** BJHN hits highest since Sept 2011
** Bajaj Hindusthan top gainer among sugar stocks YTD, up 50%, while Dhampur down 1.5% so far this year
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Shares of Indian sugar companies surge on reports govt will increase minimum selling price for the commodity
** Shares of Dalmia Bharat Sugar and Industries DLMI.NS, Triveni Industries TREI.NS, Bajaj Hindusthan Sugar BJHN.NS Dhampur Sugar Mills DAMS.NS and Balrampur Chini Mills BACH.NS rise between 4% and 14%
** EID Parry EIDP.NS up 2%
** BJHN hits highest since Sept 2011
** Bajaj Hindusthan top gainer among sugar stocks YTD, up 50%, while Dhampur down 1.5% so far this year
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
India's Dalmia Bharat Sugar fourth-quarter profit falls on weak sales
BENGALURU, May 14 (Reuters) - India's Dalmia Bharat Sugar and Industries DLMI.NS reported a near 25% fall in fourth-quarter profit on Tuesday, hurt by a drop in sales in its mainstay refined sugar segment.
WHY IT'S IMPORTANT
India, the world's second-largest sugar producer, has not allowed exports in the current season to keep a lid on local prices, due to the elections and uneven rainfall in the primary sugarcane-growing states of Maharashtra and Karnataka.
Peers Dhampur Sugar Mills DAMS.NS and Dwarikesh Sugar Industries DWAR.NS too reported a fall in their respective quarterly profits.
With the majority of India's sugar mills having completed crushing for the 2023/24 season, output as of May 1 stands at 31.59 million metric tons, according to the National Federation of Cooperative Sugar Factories, down 1.8% from the previous full year.
CONTEXT
India's sugar consumption this year is poised to hit a record high as demand during the peak summer season gets a boost from heat waves and the mobilisation of millions for elections in the scorching temperatures.
Dalmia Bharat Sugar's major business segments include sugar and distillery. It supplies sugar to companies like Coca-Cola, PepsiCo, Britannia, Walmart India, Dabur, United Breweries, and Carlsberg.
The company also sells ethanol to Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum, according to its website.
BY THE NUMBERS
Dalmia Bharat Sugar reported a consolidated net profit of 933.7 million Indian rupees ($11.2 million) for the quarter ended March 31, compared with 1.24 billion rupees last year.
Revenue from operations fell 34.8% to 7.5 billion rupees.
Total sugar sales fell 42.2% during the quarter.
The company recommended a dividend of 1.25 rupees per share for fiscal 2024.
GRAPHIC
($1 = 83.4800 Indian rupees)
January-March stock performance of Dalmia Bharat Sugar, peers https://tmsnrt.rs/3UEc7UJ
(Reporting by Ashish Chandra in Bengaluru; Editing by Varun H K and Vijay Kishore)
(([email protected]; +91 7982114624;))
BENGALURU, May 14 (Reuters) - India's Dalmia Bharat Sugar and Industries DLMI.NS reported a near 25% fall in fourth-quarter profit on Tuesday, hurt by a drop in sales in its mainstay refined sugar segment.
WHY IT'S IMPORTANT
India, the world's second-largest sugar producer, has not allowed exports in the current season to keep a lid on local prices, due to the elections and uneven rainfall in the primary sugarcane-growing states of Maharashtra and Karnataka.
Peers Dhampur Sugar Mills DAMS.NS and Dwarikesh Sugar Industries DWAR.NS too reported a fall in their respective quarterly profits.
With the majority of India's sugar mills having completed crushing for the 2023/24 season, output as of May 1 stands at 31.59 million metric tons, according to the National Federation of Cooperative Sugar Factories, down 1.8% from the previous full year.
CONTEXT
India's sugar consumption this year is poised to hit a record high as demand during the peak summer season gets a boost from heat waves and the mobilisation of millions for elections in the scorching temperatures.
Dalmia Bharat Sugar's major business segments include sugar and distillery. It supplies sugar to companies like Coca-Cola, PepsiCo, Britannia, Walmart India, Dabur, United Breweries, and Carlsberg.
The company also sells ethanol to Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum, according to its website.
BY THE NUMBERS
Dalmia Bharat Sugar reported a consolidated net profit of 933.7 million Indian rupees ($11.2 million) for the quarter ended March 31, compared with 1.24 billion rupees last year.
Revenue from operations fell 34.8% to 7.5 billion rupees.
Total sugar sales fell 42.2% during the quarter.
The company recommended a dividend of 1.25 rupees per share for fiscal 2024.
GRAPHIC
($1 = 83.4800 Indian rupees)
January-March stock performance of Dalmia Bharat Sugar, peers https://tmsnrt.rs/3UEc7UJ
(Reporting by Ashish Chandra in Bengaluru; Editing by Varun H K and Vijay Kishore)
(([email protected]; +91 7982114624;))
India's Uttam Sugar Mills down after Q4 profit fall
** Shares of Uttam Sugar Mills UTSM.NS down as much as 5.1% to 333.75 rupees; last down 4.7%
** Co on Monday reported a near 40% Y/Y fall in its Q4 profit; revenue from operations fell 11.8%
** More than 115,000 shares change hands as of 12:48 p.m. IST, 0.8x 30-day average
** Stock on track for a fourth consecutive session of losses, if trend holds
** Including session's move, stock is down 17.4% YTD, outpacing fall in its peers Dhampur Sugar Mills DAMS.NS and Balrampur Chini Mills BACH.NS which are down 12.3% and 7.7%, respectively
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Uttam Sugar Mills UTSM.NS down as much as 5.1% to 333.75 rupees; last down 4.7%
** Co on Monday reported a near 40% Y/Y fall in its Q4 profit; revenue from operations fell 11.8%
** More than 115,000 shares change hands as of 12:48 p.m. IST, 0.8x 30-day average
** Stock on track for a fourth consecutive session of losses, if trend holds
** Including session's move, stock is down 17.4% YTD, outpacing fall in its peers Dhampur Sugar Mills DAMS.NS and Balrampur Chini Mills BACH.NS which are down 12.3% and 7.7%, respectively
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Dhampur Sugar Mills March-Quarter Profit Falls
May 1 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
DHAMPUR SUGAR MILLS LTD MARCH-QUARTER PROFIT 516.9 MILLION RUPEES VERSUS 578.9 MILLION RUPEES
DHAMPUR SUGAR MILLS LTD MARCH-QUARTER REVENUE FROM OPERATIONS 6.67 BILLION RUPEES VERSUS 7.54 BILLION RUPEES
Source text for Eikon: ID:nBSE3xFS1R
Further company coverage: DAMS.NS
(([email protected];))
May 1 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
DHAMPUR SUGAR MILLS LTD MARCH-QUARTER PROFIT 516.9 MILLION RUPEES VERSUS 578.9 MILLION RUPEES
DHAMPUR SUGAR MILLS LTD MARCH-QUARTER REVENUE FROM OPERATIONS 6.67 BILLION RUPEES VERSUS 7.54 BILLION RUPEES
Source text for Eikon: ID:nBSE3xFS1R
Further company coverage: DAMS.NS
(([email protected];))
India's K.M. Sugar Mills sours on plunge in Q3 profit
** Shares of sugar maker K.M. Sugar Mills KMSU.NS slide ~6%, their steepest drop since Oct 2023
** Co reported a ~85% plunge in Q3 consol profit; rev from ops fell 39.5%, while input costs swelled ~72%
** Stock had gained 15.5% in past 2 days on heavy vols
** Dalmia Bharat Sugar DLMI.NS, Dwarikesh Sugar DWAR.NS and Dhampur Sugar Mills DAMS.NS also reported Q3 profit fall
** Shares of DWAR and DAMS fell nearly 17% each in Q3, while KMSU and DMLI fell less than 10%
** Over 2.2 mln KMSU shares traded on the day, ~3x the 30-day avg but less than previous two session
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of sugar maker K.M. Sugar Mills KMSU.NS slide ~6%, their steepest drop since Oct 2023
** Co reported a ~85% plunge in Q3 consol profit; rev from ops fell 39.5%, while input costs swelled ~72%
** Stock had gained 15.5% in past 2 days on heavy vols
** Dalmia Bharat Sugar DLMI.NS, Dwarikesh Sugar DWAR.NS and Dhampur Sugar Mills DAMS.NS also reported Q3 profit fall
** Shares of DWAR and DAMS fell nearly 17% each in Q3, while KMSU and DMLI fell less than 10%
** Over 2.2 mln KMSU shares traded on the day, ~3x the 30-day avg but less than previous two session
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Dhampur Sugar Mills Dec-Quarter Profit Falls
Feb 2 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
DHAMPUR SUGAR MILLS DEC-QUARTER PROFIT 315.9 MILLION RUPEES VERSUS PROFIT 460.2 MILLION RUPEES
DHAMPUR SUGAR MILLS LTD DEC-QUARTER REVENUE FROM OPERATIONS 4.82 BILLION RUPEES VERSUS 6.44 BILLION RUPEES
Source text for Eikon: ID:nBSE64vCzh
Further company coverage: DAMS.NS
(([email protected];))
Feb 2 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
DHAMPUR SUGAR MILLS DEC-QUARTER PROFIT 315.9 MILLION RUPEES VERSUS PROFIT 460.2 MILLION RUPEES
DHAMPUR SUGAR MILLS LTD DEC-QUARTER REVENUE FROM OPERATIONS 4.82 BILLION RUPEES VERSUS 6.44 BILLION RUPEES
Source text for Eikon: ID:nBSE64vCzh
Further company coverage: DAMS.NS
(([email protected];))
India's Dhampur Bio Organics falls after reporting Q3 loss
** Shares of Dhampur Bio Organics DHAO.NS down 4.4% to 143.35 rupees as of 12:19 p.m. IST
** Sugarcane processing co reports consolidated loss of 56.4 mln rupees ($678,471.75) for Q3 vs profit of 149.4 mln rupees yr earlier, while rev from ops falls ~39% Y/Y
** Revenue from both sugar and bio fuels & spirits segments drop 58.3% and 15.3%, while country liquor segment up 41.3%
** Trading vol 1.7x the 30-day daily avg
** Stock fell 13% in Dec. quarter after two straight quarters of gain
($1 = 83.1280 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Dhampur Bio Organics DHAO.NS down 4.4% to 143.35 rupees as of 12:19 p.m. IST
** Sugarcane processing co reports consolidated loss of 56.4 mln rupees ($678,471.75) for Q3 vs profit of 149.4 mln rupees yr earlier, while rev from ops falls ~39% Y/Y
** Revenue from both sugar and bio fuels & spirits segments drop 58.3% and 15.3%, while country liquor segment up 41.3%
** Trading vol 1.7x the 30-day daily avg
** Stock fell 13% in Dec. quarter after two straight quarters of gain
($1 = 83.1280 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Dhampur Sugar Mills Approved Share Buyback Worth Up To 300 Million Rupees
Jan 3 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
APPROVED BUYBACK OF SHARES
SHARE BUYBACK WORTH UP TO 300 MILLION RUPEES
SHARE BUYBACK VIA TENDER OFFER ROUTE
BUYBACK PRICE 300 RUPEES PER SHARE
TO BUY BACK UP TO 1 MILLION SHARES
Further company coverage: DAMS.NS
(([email protected];))
Jan 3 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
APPROVED BUYBACK OF SHARES
SHARE BUYBACK WORTH UP TO 300 MILLION RUPEES
SHARE BUYBACK VIA TENDER OFFER ROUTE
BUYBACK PRICE 300 RUPEES PER SHARE
TO BUY BACK UP TO 1 MILLION SHARES
Further company coverage: DAMS.NS
(([email protected];))
India's Dhampur Sugar Mills rises on buyback proposal
** Shares of Dhampur Sugar Mills DAMS.NS rise as much as 7.6% to 272.8 rupees on share buyback proposal
** Stock currently trading 4.5% higher
** Sugarcane processor to consider buying back of fully paid-up equity shares on Jan 3
** If trend holds, stock set for best one-day gain since Dec. 18, when sugar companies' stocks spiked on govt planning to divert sugar for ethanol production
** Shares up for the last three weeks, gaining 5.5% during the period
** Trading vol is 2x the 30-day daily avg
** Stock rose 2.4% in 2023, gaining lowest in a year since its listing in 1994
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
** Shares of Dhampur Sugar Mills DAMS.NS rise as much as 7.6% to 272.8 rupees on share buyback proposal
** Stock currently trading 4.5% higher
** Sugarcane processor to consider buying back of fully paid-up equity shares on Jan 3
** If trend holds, stock set for best one-day gain since Dec. 18, when sugar companies' stocks spiked on govt planning to divert sugar for ethanol production
** Shares up for the last three weeks, gaining 5.5% during the period
** Trading vol is 2x the 30-day daily avg
** Stock rose 2.4% in 2023, gaining lowest in a year since its listing in 1994
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
India's Fuel Retailers Hike Procurement Price For Ethanol Made From C-Heavy Molasses
Dec 29 (Reuters) -
INDIA'S FUEL RETAILERS HIKE PROCUREMENT PRICE FOR ETHANOL MADE FROM C-HEAVY MOLASSES BY 6.87 RUPEES/LITRE
(([email protected];))
Dec 29 (Reuters) -
INDIA'S FUEL RETAILERS HIKE PROCUREMENT PRICE FOR ETHANOL MADE FROM C-HEAVY MOLASSES BY 6.87 RUPEES/LITRE
(([email protected];))
Indian sugar cos rise on govt plans to divert sugar for ethanol production
** Indian sugar cos' shares rise after govt says it plans to allow sugar mills to divert up to 1.7 mln metric tons of sugar for ethanol production
** Shares of Dwarikesh Sugar DWAR.NS, EID Parry EIDP.NS, Shree Renuka Sugars SRES.NS, Balrampur Chini Mills BACH.NS, Triveni Engineering TREI.NS and Dhampur Sugar DAMS.NS up 3.5%-6.5%
** EID Parry and Balrampur Chini Mills are top gainers among the six sugar companies, up 3.5% and 5.3% each
** Dwarikesh Sugar and Dhampur Sugar are top pct gainers, rising 6% and 6.5%, respectively
** EIDP hits near 1-yr high, SRES and DWAR set to gain most since August
** Analysts' average rating on BACH, TREI is equivalent of "buy", per LSEG data
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Indian sugar cos' shares rise after govt says it plans to allow sugar mills to divert up to 1.7 mln metric tons of sugar for ethanol production
** Shares of Dwarikesh Sugar DWAR.NS, EID Parry EIDP.NS, Shree Renuka Sugars SRES.NS, Balrampur Chini Mills BACH.NS, Triveni Engineering TREI.NS and Dhampur Sugar DAMS.NS up 3.5%-6.5%
** EID Parry and Balrampur Chini Mills are top gainers among the six sugar companies, up 3.5% and 5.3% each
** Dwarikesh Sugar and Dhampur Sugar are top pct gainers, rising 6% and 6.5%, respectively
** EIDP hits near 1-yr high, SRES and DWAR set to gain most since August
** Analysts' average rating on BACH, TREI is equivalent of "buy", per LSEG data
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India Directs Sugar Mills Not To Use Sugar Cane For Ethanol Production - Govt Order
Dec 7 (Reuters) -
INDIA DIRECTS SUGAR MILLS NOT TO USE SUGAR CANE FOR ETHANOL PRODUCTION - GOVERNMENT ORDER
INDIAN FUEL RETAILERS CAN CONTINUE TO BUY ETHANOL MADE FROM B-HEAVY MOLASSES AGAINST EXISTING CONTRACTS- GOVERNMENT ORDER
(([email protected];))
Dec 7 (Reuters) -
INDIA DIRECTS SUGAR MILLS NOT TO USE SUGAR CANE FOR ETHANOL PRODUCTION - GOVERNMENT ORDER
INDIAN FUEL RETAILERS CAN CONTINUE TO BUY ETHANOL MADE FROM B-HEAVY MOLASSES AGAINST EXISTING CONTRACTS- GOVERNMENT ORDER
(([email protected];))
India's Dhampur Sugar Mills falls as quarterly profit halves
** Shares of Dhampur Sugar Mills DAMS.NS fall as much as 3.64% to 255.5 rupees
** The sugarcane processor posted 52.9% fall in Sept-quarter consolidated net profit; revenue from operations declined 9.6%
** Co's mainstay sugar segment saw 40.33% fall in revenue
** Stock below 50-,100- displaced moving averages for sixth straight day
** Stock last down 3.3%, trimming YTD gains to 3.29%
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Dhampur Sugar Mills DAMS.NS fall as much as 3.64% to 255.5 rupees
** The sugarcane processor posted 52.9% fall in Sept-quarter consolidated net profit; revenue from operations declined 9.6%
** Co's mainstay sugar segment saw 40.33% fall in revenue
** Stock below 50-,100- displaced moving averages for sixth straight day
** Stock last down 3.3%, trimming YTD gains to 3.29%
(Reporting by Aleef Jahan in Bengaluru)
India's Dhampur Sugar Mills Sept-Quarter Consol Net Profit Falls
Oct 31 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
SEPT-QUARTER CONSOL NET PROFIT 53.7 MILLION RUPEES VERSUS PROFIT 114.1 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.82 BILLION RUPEES VERSUS 6.44 BILLION RUPEES
RE -DESIGNATED GAURAV GOEL AS VICE CHAIRMAN, MD
Source text for Eikon: [ID:]
Further company coverage: DAMS.NS
(([email protected];))
Oct 31 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
SEPT-QUARTER CONSOL NET PROFIT 53.7 MILLION RUPEES VERSUS PROFIT 114.1 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.82 BILLION RUPEES VERSUS 6.44 BILLION RUPEES
RE -DESIGNATED GAURAV GOEL AS VICE CHAIRMAN, MD
Source text for Eikon: [ID:]
Further company coverage: DAMS.NS
(([email protected];))
India's sugar stocks surge as global sugar price hits 12-year high
** Shares of sugar companies like Dwarikesh Sugar DWAR.NS, EID Parry EIDP.NS, Shree Renuka Sugars SRES.NS Balrampur Chini Mills BACH.NS, Triveni Engineering TREI.NS, Dhampur Sugar DAMS.NS up between 2% and 6%
** Rise after global sugar prices hit a 12-year high on Tuesday, on supply tightening
** International Sugar Organisation (ISO) said on Tuesday that 2023-2024 global sugar production will fall 1.2% Y/Y
** Lower sugar production likely to sustain upward trajectory in domestic sugar prices, said analysts at Systematix Institutional Equities
** Rise in sugar prices also due to extension of export curbs by world's second biggest producer India last week
** SRES and BACH among top gainers in small-cap index .NIFSMCP100, which is up 1.13%
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of sugar companies like Dwarikesh Sugar DWAR.NS, EID Parry EIDP.NS, Shree Renuka Sugars SRES.NS Balrampur Chini Mills BACH.NS, Triveni Engineering TREI.NS, Dhampur Sugar DAMS.NS up between 2% and 6%
** Rise after global sugar prices hit a 12-year high on Tuesday, on supply tightening
** International Sugar Organisation (ISO) said on Tuesday that 2023-2024 global sugar production will fall 1.2% Y/Y
** Lower sugar production likely to sustain upward trajectory in domestic sugar prices, said analysts at Systematix Institutional Equities
** Rise in sugar prices also due to extension of export curbs by world's second biggest producer India last week
** SRES and BACH among top gainers in small-cap index .NIFSMCP100, which is up 1.13%
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
Shree Renuka Sugars deal lifts other Indian sugar stocks
Updates with milestones, other sugar stocks moves
** Shares of Shree Renuka Sugars SRES.NS rise as much as 5.3% to 57.25 rupees, hitting their highest since Jan 5; other sugar cos rise too
** The agri-business and bio-energy co says it will buy Anamika Sugar Mills, based in Uttar Pradesh nBSEz76K7
** Adds it will infuse 1.1 bln rupees ($13.23 mln) in Anamika via subscription to equity shares
** Deal props up other sugar stocks such as Dalmia Bharat Sugar and Industries DLMI.NS which advances about 6.5%; Triveni Industries TREI.NS and Dhampur Sugar Mills DAMS.NS rise as much as 5.9% and 8.1% respectively
** As of YTD, stock has fallen ~3.2%
($1 = 83.1360 Indian rupees)
(Reporting by Archishma Iyer in Bengaluru)
(([email protected];))
Updates with milestones, other sugar stocks moves
** Shares of Shree Renuka Sugars SRES.NS rise as much as 5.3% to 57.25 rupees, hitting their highest since Jan 5; other sugar cos rise too
** The agri-business and bio-energy co says it will buy Anamika Sugar Mills, based in Uttar Pradesh nBSEz76K7
** Adds it will infuse 1.1 bln rupees ($13.23 mln) in Anamika via subscription to equity shares
** Deal props up other sugar stocks such as Dalmia Bharat Sugar and Industries DLMI.NS which advances about 6.5%; Triveni Industries TREI.NS and Dhampur Sugar Mills DAMS.NS rise as much as 5.9% and 8.1% respectively
** As of YTD, stock has fallen ~3.2%
($1 = 83.1360 Indian rupees)
(Reporting by Archishma Iyer in Bengaluru)
(([email protected];))
Dhampur Sugar Mills CEO Anant Pande Resigns
Sept 22 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
CEO ANANT PANDE RESIGNS
Further company coverage: DAMS.NS
(([email protected];))
Sept 22 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
CEO ANANT PANDE RESIGNS
Further company coverage: DAMS.NS
(([email protected];))
India's sugar stocks rise on report of output fall in country's largest producer
** Shares of Indian sugar manufacturers such as Shree Renuka Sugars Ltd SRES.NS, Balrampur Chini Mills Ltd BACH.NS, Dalmia Bharat Sugar and Industries Ltd DLMI.NS, Dhampur Sugar Mills Ltd DAMS.NS, and E I D-Parry (India) Ltd EIDP.NS rise between 2% to 4%
** Reuters on Wednesday reported that output in India's top sugar producing state Maharashtra will fall to its lowest in four years in FY23/24
** Lower output likely to lead to export ban and increased domestic prices
** Higher prices will improve margins of sugar makers and help them make payments to farmers on time
** Indian govt to likely ban sugar exports in the season beginning October, Reuters reported last month
(Reporting by Biplob Kumar Das in Bengaluru)
** Shares of Indian sugar manufacturers such as Shree Renuka Sugars Ltd SRES.NS, Balrampur Chini Mills Ltd BACH.NS, Dalmia Bharat Sugar and Industries Ltd DLMI.NS, Dhampur Sugar Mills Ltd DAMS.NS, and E I D-Parry (India) Ltd EIDP.NS rise between 2% to 4%
** Reuters on Wednesday reported that output in India's top sugar producing state Maharashtra will fall to its lowest in four years in FY23/24
** Lower output likely to lead to export ban and increased domestic prices
** Higher prices will improve margins of sugar makers and help them make payments to farmers on time
** Indian govt to likely ban sugar exports in the season beginning October, Reuters reported last month
(Reporting by Biplob Kumar Das in Bengaluru)
India's Dhampur Sugar Mills June-Qtr Consol Net Profit Rises
Aug 8 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
INDIA'S DHAMPUR SUGAR MILLS JUNE-QUARTER CONSOL NET PROFIT 453.5 MILLION RUPEES VERSUS 393 MILLION RUPEES
DHAMPUR SUGAR MILLS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.15 BILLION RUPEES VERSUS 8.29 BILLION RUPEES
Source text for Eikon: ID:nNSE8c4h6p
Further company coverage: DAMS.NS
(([email protected];;))
Aug 8 (Reuters) - Dhampur Sugar Mills Ltd DAMS.NS:
INDIA'S DHAMPUR SUGAR MILLS JUNE-QUARTER CONSOL NET PROFIT 453.5 MILLION RUPEES VERSUS 393 MILLION RUPEES
DHAMPUR SUGAR MILLS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.15 BILLION RUPEES VERSUS 8.29 BILLION RUPEES
Source text for Eikon: ID:nNSE8c4h6p
Further company coverage: DAMS.NS
(([email protected];;))
India's Dhampur Sugar gains on capacity expansion at Uttar Pradesh plant
** Shares of Dhampur Sugar Mills DAMS.NS rise as much as 3.54% to 277.95 rupees
** Co, engaged in sugarcane processing, completes expansion of its grain-based distillery capacity of 100 kilo litres per day (KLPD) at its Dhampur unit in Uttar Pradesh on June 13
** Enhanced capacity will be interchangeable between molasses, syrup and grain and will facilitate better capacity utilisation: DAMS
** Trading volume is 382,567 shares as of 11:16 a.m. IST, 0.8x the 30-day avg - Refinitiv data
** The moving average convergence divergence (MACD) line has been above the signal line since June 5, suggesting bullish bias
** Stock has gained 8.44% in 2023 so far, compared to 3.44% rise for Nifty 50 index .NSEI
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of Dhampur Sugar Mills DAMS.NS rise as much as 3.54% to 277.95 rupees
** Co, engaged in sugarcane processing, completes expansion of its grain-based distillery capacity of 100 kilo litres per day (KLPD) at its Dhampur unit in Uttar Pradesh on June 13
** Enhanced capacity will be interchangeable between molasses, syrup and grain and will facilitate better capacity utilisation: DAMS
** Trading volume is 382,567 shares as of 11:16 a.m. IST, 0.8x the 30-day avg - Refinitiv data
** The moving average convergence divergence (MACD) line has been above the signal line since June 5, suggesting bullish bias
** Stock has gained 8.44% in 2023 so far, compared to 3.44% rise for Nifty 50 index .NSEI
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India's Dhampur Sugar Mills hits more than 4-mth high on Q4 profit surge
** Shares of sugar maker Dhampur Sugar Mills DAMS.NS rise as much as 4.5% to 268 rupees
** Stock of DAMS hits highest level since Dec. 21, 2022
** DAMS on Sunday said its consolidated net profit for Q4 more-than-doubled to 606.9 million rupees ($7.43 million)
** Revenue from operations rose to 7.59 billion rupees from 5.32 billion rupees a year ago
** Revenue from co' s largest segment Sugar, rose 44.8%, standing at 5.9 billion rupees
** More than 326,000 shares change hands by 11:09 a.m. IST, 0.6x the 30-day avg
** Stock up 3.6% this year as of last close
($1 = 81.7350 Indian rupees)
(Reporting by Anisha Ajith in Bengaluru)
** Shares of sugar maker Dhampur Sugar Mills DAMS.NS rise as much as 4.5% to 268 rupees
** Stock of DAMS hits highest level since Dec. 21, 2022
** DAMS on Sunday said its consolidated net profit for Q4 more-than-doubled to 606.9 million rupees ($7.43 million)
** Revenue from operations rose to 7.59 billion rupees from 5.32 billion rupees a year ago
** Revenue from co' s largest segment Sugar, rose 44.8%, standing at 5.9 billion rupees
** More than 326,000 shares change hands by 11:09 a.m. IST, 0.6x the 30-day avg
** Stock up 3.6% this year as of last close
($1 = 81.7350 Indian rupees)
(Reporting by Anisha Ajith in Bengaluru)
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What does Dhampur Sugar Mills do?
Dhampur Sugar Mills is a pioneering sugarcane processing company in India, known for introducing sulphurless refined sugar and innovative sugar production technologies, enhancing the sugar industry in the region.
Who are the competitors of Dhampur Sugar Mills?
Dhampur Sugar Mills major competitors are Zuari Industries, Dwarikesh Sugar Inds, Magadh Sugar & Energ, Andhra Sugars, Avadh Sugar & Energy, Uttam Sugar Mills, Ugar Sugar Works. Market Cap of Dhampur Sugar Mills is ₹875 Crs. While the median market cap of its peers are ₹993 Crs.
Is Dhampur Sugar Mills financially stable compared to its competitors?
Dhampur Sugar Mills seems to be less financially stable compared to its competitors. Altman Z score of Dhampur Sugar Mills is 2.19 and is ranked 5 out of its 8 competitors.
Does Dhampur Sugar Mills pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Dhampur Sugar Mills latest dividend payout ratio is 25.29% and 3yr average dividend payout ratio is 26.47%
How has Dhampur Sugar Mills allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory
How strong is Dhampur Sugar Mills balance sheet?
Balance sheet of Dhampur Sugar Mills is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Dhampur Sugar Mills improving?
No, profit is decreasing. The profit of Dhampur Sugar Mills is ₹55.23 Crs for TTM, ₹134 Crs for Mar 2024 and ₹158 Crs for Mar 2023.
Is the debt of Dhampur Sugar Mills increasing or decreasing?
The debt of Dhampur Sugar Mills is decreasing. Latest debt of Dhampur Sugar Mills is ₹395 Crs as of Sep-24. This is less than Mar-24 when it was ₹925 Crs.
Is Dhampur Sugar Mills stock expensive?
Dhampur Sugar Mills is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Dhampur Sugar Mills is 15.9, while 3 year average PE is 10.66. Also latest EV/EBITDA of Dhampur Sugar Mills is 7.71 while 3yr average is 8.09.
Has the share price of Dhampur Sugar Mills grown faster than its competition?
Dhampur Sugar Mills has given lower returns compared to its competitors. Dhampur Sugar Mills has grown at ~4.33% over the last 7yrs while peers have grown at a median rate of 16.34%
Is the promoter bullish about Dhampur Sugar Mills?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Dhampur Sugar Mills is 49.1% and last quarter promoter holding is 49.1%.
Are mutual funds buying/selling Dhampur Sugar Mills?
There is Insufficient data to gauge this.