Dwarikesh Sugar Industries Ltd.

Financial

	Dwarikesh Sugar Inds	Magadh Sugar & Energ	Zuari Industries
Operational Metrics
Sugar Sector
Sugar Recovery	10.94 %	10.36 %	n/a
Realization / Litre - Distillery	60.7 Rs/L	60.73 Rs/L	n/a
Realization / Unit - Cogeneration	3.4 Rs/Unit	5.46 Rs/Unit	n/a
Realization / Kg - Sugar	39.62 Rs/Kg	n/a	n/a
Capacity Utilization - Cogeneration	7.48 %	n/a	n/a
Financials
5 yr Average ROE	13.21 %	9.83 %	4.74 %
5yr average Equity Multiplier	2.1	2.28	2.14
5yr Average Asset Turnover Ratio	1.21	0.7	0.13
5yr Avg Net Profit Margin	4.88 %	6.33 %	18.57 %
Price to Book	0.97	0.97	0.17
P/E	33.17	8.25	0.0
5yr Avg Cash Conversion Cycle	199.82 Days	164.75 Days	181.11 Days
Inventory Days	155.58 Days	219.59 Days	460.19 Days
Days Receivable	13.08 Days	7.93 Days	22.5 Days
Days Payable	26.62 Days	64.57 Days	209.0 Days
5yr Average Interest Coverage Ratio	6.06	3.72	1.57
5yr Avg ROCE	16.87 %	16.11 %	4.23 %
5yr Avg Operating Profit Margin	11.23 %	14.7 %	5.31 %
5 yr average Debt to Equity	0.7	0.96	0.83
5yr CAGR Net Profit	-23.92 %	32.22 %	1.66 %
5yr Average Return on Assets	6.13 %	4.43 %	2.3 %
Shareholdings
Promoter Holding	42.1 %	61.02 %	56.71 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.01 %	0.0	-0.1 %
Change in Mutual Fund Holding (3 Yrs)	-3.25 %	0.0	1.0 %

Business

	Dwarikesh Sugar Inds	Magadh Sugar & Energ	Zuari Industries
Segment Break-Up	Segment Break-Up Sugar 70.16 Distillery 29.84 Co-Generation 0	-	-
Product Wise Break-Up	Product Wise Break-Up Sugar 66.3 Power 2.36 Co-generation 0 Distillery 0 Ethanol Plant 0 Management Services 0 Investment services 0 Real estate 0 Furniture 0 Engineering 0 Others 31.34	Product Wise Break-Up Furniture 0 Power 0 Investment services 0 Management Services 0 Engineering 0 Ethanol Plant 0 Distillery 19.2 Real estate 0 Sugar 80.8 Co-generation 0	Product Wise Break-Up Furniture 0.25 Power 1.14 Investment services 3.29 Management & Maintenance services 3.07 Engineering 5.4 Ethanol 21.83 Distillery 0 Real Estate 3.29 Sugar 61.72 Co-generation 0 Others 0.01
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0 International 0 Domestic 0	Location Wise Break-Up Rest of the World 0 India 0 Domestic 98.54 International 1.46	Location Wise Break-Up Rest of the World 0 India 0 Domestic 95.95 International 0 Others 4.05
Capex	Capex Sugar 96.32 Distillery 3.68 Co-generation 0	-	-
Operating Profit Break-Up	Operating Profit Break-Up Distillery 100.0 Co-Generation 0 Sugar 0 Management Services 0 Ethanol 0 Power 0 Investment Services 0 Real Estate 0 Furniture 0 Engineering Services 0	Operating Profit Break-Up Furniture 0 Co-Generation 0 Power 0 Management Services 0 Investment Services 0 Ethanol 0 Distillery 72.13 Engineering Services 0 Processed Sugar 27.87 Real Estate 0	Operating Profit Break-Up Furniture 14.56 Co-Generation 0 Power 0 Management Services 0 Investment Services 0 Ethanol 28.65 Distillery 0 Engineering Services 3.38 Sugar 53.41 Real Estate 0
Customer Wise Break-Up	Customer Wise Break-Up Others 100	-	-
Asset Break-Up	Asset Break-Up India 100.0 Management Services 0 Ethanol 0 Power 0 Sugar 0 Investment Services 0 Real Estate 0 Furniture 0 Engineering Services 0	Asset Break-Up Furniture 0 Power 0 Management Services 0 Investment Services 0 Ethanol 0 Engineering Services 0 India 99.53 Sugar 0 Real Estate 0 Others 0.47	Asset Break-Up Furniture 0.19 Power 1.59 Management Services 0.04 Investment Services 0.89 Ethanol 2.17 Engineering Services 0.27 India 0 Sugar 6.61 Real Estate 10.13 Others 78.11

Dwarikesh Sugar Industries Ltd.

Dwarikesh Sugar Industries Ltd.

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