Dwarikesh Sugar Industries Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
Dwarikesh Sugar Industries Limited, one of the established players in Indian Sugar Industry. Incorporated on 1st November, 1993 as 'Dwarka Sugar Limited'. The company runs its business with three modern sugar mills in Uttar Pradesh which is well known for its production capacity and modern technology. The company is also involved in the business of manufacture of ethanol and renewable energy generation. Dwarikesh Sugar contributes in the development if India's agriculture and rural economy.
Dwarikesh Sugar Industries Limited Moves In 2024
Dwarikesh Sugar share price as of 24th June is Rs.76.43
On 30th April,2024, Dwarikesh Sugar has reported its fourth quarter financial report, in which Dwarikesh Sugar sales value was Rs.379.94 crores which decreased by 28.66% on QoQ basis . Dwarikesh Sugar Net profit was Rs. 22.89 crores which also decreased by 50.97% on QoQ basis. Dwarikesh Sugar financial Year net profit value was Rs. crores which are Rs.83.52 crores which is also decreased by 20.27% on YoY basis. The sales value of Dwarikesh Sugar was Rs. 1709.57 crores which is decreased by 18.71% on YoY basis. Thus, the Dwarikesh Sugar share price decreased by 1% after its Q4 FY2024 financial results.
On 20th March,2024, Dwarikesh Sugars Board of directors has provided approval for its stock repurchase buyback offer for 30 lakhs worth of equity shares with face value of Dwarikesh Sugar share price of Rs.1. After this announcement, Dwarikesh Sugar share price increased by 6.6%.
Evolution Of Dwarikesh Sugar Industries Limited: From Past to Present
|
Year |
Evolution |
|
1993 |
1st November,1993 , Incorporation of Dwarka Sugar Limited. |
|
1994 |
18th April, 1994, Renamed as ‘ Dwarikesh Sugar Industries Limited’ |
|
1995 |
Launch of Dwarikesh Nagar Unit |
|
2000 |
Launch of Dwarikesh Puram Unit. |
|
2002 |
Company diversified its business into electricity generation through sugar by products. |
|
2004 |
Listed on Stock Exchange |
|
2005 |
Launch of Distillery at Dwarikesh Nagar Unit. Launch of Ethanol Plant at Dwarikesh Nagar Unit. Launch of Dwarikesh Puram Unit. |
|
2007 |
Launch of Dwarikesh Dham Unit. |
|
2010 |
Company upgraded its mills with advanced technology investments. |
|
2015 |
Company implements sustainability initiatives. |
|
2018 |
Became one of the Market leaders in sugar production in India |
|
2020 |
Largest production of Sugar of 9310 quintals at Dwarikesh Nagar Unit. Largest production of Sugar of 10000 quintals at Dwarikesh Puram Unit. Largest production of Sugar of 10630 quintals at Dwarikesh Dham Unit. Launch of Sanitizer Plant at Dwarikesh Nagar Unit. |
|
2021 |
Launch of Distillery at Dwarikesh Dham Unit. |
|
2023 |
Company expanded its business diversification into ethanol business to produce biofuels. |
Dwarikesh Sugar Industries Limited Company Information
|
Company Information |
|
|
Name |
Dwarikesh Sugar Industries Limited |
|
Founded year |
1993 |
|
Founder |
Mr. Gautam R Morarka |
|
Headquarters |
Mumbai, Maharashtra, India |
|
Industry |
Sugar |
|
Chairman |
Mr. K. N. Prithviraj |
|
Revenue |
Rs. 1709.57 crore FY2024 |
|
Net Income |
Rs. 83.52 crore FY2024 |
|
NSE code |
NSE:DWARKESH |
|
BSE code |
BSE: 532610 |
Inside Dwarikesh Sugar Industries Limited
Main News
On 30th April,2024, Dwarikesh Sugar reported its fourth quarter financial report, in which Dwarikesh Sugar sales value was Rs.379.94 crores which decreased by 28.66% on QoQ basis . Dwarikesh Sugar Net profit was Rs. 22.89 crores which also decreased by 50.97% on QoQ basis. Dwarikesh Sugar financial Year net profit value was Rs. crores which is Rs.83.52 crores which is also decreased by 20.27% on YoY basis. The sales value of Dwarikesh Sugar was Rs. 1709.57 crores which decreased by 18.71% on YoY basis.
Corporate Action
On 20th March,2024, Dwarikesh Sugar's Board of directors has provided approval for its stock repurchase buyback offer for 30 lakhs worth of equity shares with face value of Dwarikesh Sugar share price of Rs.1.
Dwarikesh Sugar Share Price Today
|
Company Name |
Sector |
Share Price Link |
|
Dwarikesh Sugar Industries Limited |
Sugar |
Milestones of Dwarikesh Sugar Industries Limited
|
Year |
Milestones |
|
1993 |
Incorporation |
|
1995 |
Launched sugar production at Dwarikesh Nagar . |
|
1996 |
Listed on BSE |
|
1997 |
Expansion of Sugar cane crushing capacity at Dwarikesh Nagar. |
|
2005 |
Launched 9MW cogeneration plant at Dwarikesh Dham unit |
|
2007 |
Listed on NSE |
|
2008 |
Launched an integrated plant ay Dwarikesh Dham |
|
2012 |
Expanded crushing capacity at Dwarikesh Puram |
|
2022 |
Increased ethanol production to 337.5 Kilo Litres Per Day |
Dwarikesh Sugar Industries Limited Achievements
Award in 2012, for energy efficiency from CII.
Award in 2013 ,for National Energy Conservation from the Power Ministry of the Indian government.
Golden Peacock award in 2015,for CSR initiatives.
Best Industry Award in 2017, from UP government
National Safety Award in 2019
Conclusion
Dwarikesh Sugar Industries Limited, a key player in the Indian sugar industry since 1993, operates with modern technology and diversified into ethanol and renewable energy. Despite recent financial challenges, its strategic expansions and significant milestones underscore its sustained contributions to India's agriculture and rural economy.
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Frequently Asked Questions
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What is Dwarikesh Sugar Share Price Target in 2024?
Dwarikesh Sugar stock price target for the year 2024 would be Rs. 119. For real-time insights into the future of Dwarikesh Sugar Share Price, visit Enrich Money
