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BSE Announcements on Dwarikesh Sugar
Posted by :
MMB Messenger
Dwarikesh Sugar Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 30, 2009, inter alia, to consider the following:
1. To consider, approve & take on record the Audited Results for the Quarter (4) & year ended September 30, 2009.
2. To recommend dividend, if any, on preference shares (both series) including arrears.
3. To recommend dividend, if any, on equity shares. ...
NSE Announcements on Dwarikesh Sugar
Posted by : MMB MessengerThe Company had informed the Exchange regarding the Board Meeting to be held on October 31, 2009 to consider interalia the following: (1) To take on record & approve Quarter (4) & the Audited Results for the year ended September 30, 2009. (2) To recommend dividend, if any, on preference shares (both series) including arrears & equity shares. The Company has now informed the Exchange that the meeting of Board of Directors, interalia, for approval of accounts & recommendation of Dividend, if any, scheduled to take place on October 31, 2009 is postponed....
BSE Announcements on Dwarikesh Sugar
Posted by : MMB MessengerWith reference to the earlier announcement dated October 14, 2009 regarding Board Meeting on Oct 31, 2009, Dwarikesh Sugar Industries Ltd has now informed BSE that the meeting of Board of Directors, inter alia, for approval of accounts & recommendation of Dividend, if any, scheduled to take place on October 31, 2009 is adjourned....
October rains would boost margins for Dwarikesh Sugar
Posted by : hardip singhBoard of Directors shall be recommending dividend on 31st October, 2009 after NIL dividend for 2 years. It is year of good turnaround for this company and the quantum of dividend may be higher than earlier years....
BSE Announcements on Dwarikesh Sugar
Posted by : MMB Messenger
Dwarikesh Sugar Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2009, inter alia, to consider the following :
1. To take on record & approve Quarter (4) & the Audited Results for the year ended September 30, 2009.
2. To recommend dividend, if any, on preference shares (both series) including arrears & equity shares....
October rains would boost margins for Dwarikesh Sugar
Posted by : hardip singh
It would be premature to predict the quantum of improvement in sugarcane yield as on now. But I am positive on revival of sugar industries in UP because of rains in the month of October.
I estimate that additional crushing capacity of Dwarikesh sugar can be fully utilised which should further improve its Price to Earning, which is far better than the industrial average even as on now. The crushing season would last upto April, 2010 and next 6 months would add to its kitty accordingly.
I had made very handsome gains on my purchase during its IPO in 2004, when the expanded facilities were not yet operational and further expansion was under progress. Despite heavy interest burden and deficient sugarcane production, this company has revived after 2 years of losses. Brazil and other sugar producing countries had excellent sugarcane production during that period, resulting in drastic fall in the prices of sugar globally. Indian Sugar industry suffered heavy losses during that period due to increased production and lower domestic demand.
Now the things have changed altogether. It is a scenario of high sugar demand and much lower global production of sugar, inclusive of our country. With expected improved sugarcane yield in UP due to rains in October and higher rates of sugar in the domestic and international market, I expect its margins to double. We can look forward to very healthy topline and bottomline for half year ending 31st March, 2010, which would continue during the 3rd quarter ending 30th June, 2010.
No prediction in percentage terms please....
NSE Announcements on Dwarikesh Sugar
Posted by : MMB MessengerDwarikesh Sugar Industries Limited has informed the Exchange that "The Company would be conducting a Board Meeting on or before 31st December 2009 to consider and take on record the Audited results for the year ended 30th September, 2009. Please further note that we will be publishing only the audited results for the year ending 30th September 2009." ...
October rains would boost margins for Dwarikesh Sugar
Posted by :
sirf_tum505
Q- who can HOLD this scrip for atleast 6 months, would be able to get handsome gains.
UQ- handsome gains means.. in percentage ??...
BSE Announcements on Dwarikesh Sugar
Posted by : MMB Messenger
Dwarikesh Sugar Industries Ltd has informed BSE that the Company would be conducting a Board Meeting on or before December 31, 2009 to consider and take on record the Audited results for the year ended September 30, 2009.
Further the Company has informed that, the Company will be publishing only the audited results for the year ending September 30, 2009....
October rains would boost margins for Dwarikesh Sugar
Posted by : hardip singh
There were apprehensions about the sugarcane production in UP, as the land being used for sugarcane cultivation had very deficient rains till September, 2009. It is now hoped that Dwarikesh Sugar will be able to buy good volume of sugarcane after around two months. Its crushing is expected to commence by early November and this company can utilise its additional capacities created during the last few years to the optimum use.
If one goes by the financials for the nine month ended 30th June, 2009, the Operating Profit and the Gross Profit are the highest in the Last five years viz., 98.45 crore and 99.71 crore respectively. Despite its 150% rise in the interest expense as compared to 9 months ended 30th June, 2008, it has been able to achieve a net profit of 26.49 crore against the losses during 2007 and 2008. These losses had pruned its general reserves to 106.38 crore as on 30th September, 2008. A net profit of 26.49 crore has been further added to these reserves as on 30th June, 2009.
It is enjoying healthy Price to Earning of 6.81 as against the industry average of 10.67 despite the steep rise in its shareprice in the recent past. The present EPS OF Rs.15.09 would enable it to recommend dividend after a gap of 2 years, during which it had suffered abnormal losses in line with other sugar sector companies.
Price to Book Value of 1.38 is quite healthy as compared to its peers. We may witness impressive net profit for the 12 months ended 30 September, 2009 and this trend is expected to continue during the next crushing season.
The prudent decision of the management to increase reliance on the sugar segment during the last crushing season has revived the company. The ethanol segment and co-generation segment should be operated just to utilise the leftover part of sugarcane after crushing, as these segments may not be able to get better pricing for their products.
The rains in UP during the 1st week of October, 2009 would certainly provide a very big boost to achieve much higher topline and bottomline during the next 2 quarters. All those investors, who can HOLD this scrip for atleast 6 months, would be able to get handsome gains.
...
NSE Announcements on Dwarikesh Sugar
Posted by : MMB MessengerDwarikesh Sugar Industries Limited has informed the Exchange that "Shri S.K. Neotia, an Independent Non-Executive Director, has resigned from the company in terms of his resignation letter dated 01st October, 2009"....
BSE Announcements on Dwarikesh Sugar
Posted by : MMB MessengerDwarikesh Sugar Industries Ltd has informed BSE that Shri. S. K. Neotia, an Independent Non-Executive Director, has resigned from the Company in terms of his resignation letter dated October 01, 2009....
BSE Announcements on Dwarikesh Sugar
Posted by : MMB Messenger
Dwarikesh Sugar Industries Ltd has informed BSE that the auditors have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2009.
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Buy Dwarikesh for short term
Posted by :
pratikshah83source: swingtradingtips. net...
Dwarikesh Sugar meets the challenge
Posted by : hardip singh
Sugar industry had been in the doldrums for none of the reasons of its making for around 3 years. The topline and bottomline of this company has shown a significant upward move during the third quarter ended 30th June, 2009. The sales turnover of 153.75 crore (50.73 crore) is up by 203.08% and the net profit of 14.28 crore is a good turnaround against the loss of 15.94 crore during the same period in 2008. By concentrating its energies on the production of sugar and downgrading the priorities for distillery segment and the power co-generation segment, it has improved its operating margins to 24.58% (16.32%), which are up by 51%.
Despite the much higher liability of interest, it has added a net profit of 16.02 crore to its reserves of 106.38 crore.
Its Book Value of Rs.75.21 and EPS of Rs.15.09 makes its Price to Book Value of 1.41, which is reasonably good. Its PE of 7.04 as against the sugar industry PE of 10.86 makes it a good BUY. Its topline and bottomline would further improve during the 4th quarter and 12 months ending 30th September, 2009 due to the favourable market conditions. Better EPS would enable this company to pay handsome dividend, which was not paid during the last two years due to very high losses....
