Buy Dhampur Sugar Mills, price target Rs 208: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a buy call on Dhampur Sugar Mills Ltd. with a target price of Rs 208.0 . The current price of Dhampur Sugar Mills Ltd. is Rs 193.5 . Dharmesh Shah recommended to keep a stoploss at Rs 184 .

Dhampur Sugar Mills Ltd., incorporated in the year 1933, is a Small Cap company (having a market cap of Rs 1284.60 Crore) operating in Sugar sector.

Dhampur Sugar Mills Ltd. key Products/Revenue Segments include Sugar which contributed Rs 1968.44 Crore to Sales Value (71.46 % of Total Sales), Chemicals which contributed Rs 486.66 Crore to Sales Value (17.66 % of Total Sales), Power which contributed Rs 224.59 Crore to Sales Value (8.15 % of Total Sales), Other Operating Revenue which contributed Rs 36.14 Crore to Sales Value (1.31 % of Total Sales), Others which contributed Rs 30.87 Crore to Sales Value (1.12 % of Total Sales), Scrap which contributed Rs 5.82 Crore to Sales Value (0.21 % of Total Sales) and Duty Drawback which contributed Rs 1.94 Crore to Sales Value (0.07 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 693.95 Crore, down -25.94 % from last quarter Sales of Rs 937.06 Crore and up 30.25 % from last year same quarter Sales of Rs 532.79 Crore Company has reported net profit after tax of Rs 2.06 Crore in latest quarter.

The company’s top management includes Mr.Ashok Kumar Goel, Mr.Ashwani Kumar Gupta, Mr.Gaurav Goel, Mr.Gautam Goel, Mr.Harish Saluja, Mr.Mahendar, Mr.Mahesh Prasad Mehrotra, Mr.Priya Brat, Mr.Rahul Bedi, Mr.Sandeep Sharma, Mr.Vijay Kumar Goel, Ms.Nandita Chaturvedi. Company has T R Chadha & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 66,387,590 shares outstanding.

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