Ethanol stock surged 2.64% to Rs. 138.40 per share following management’s commentary on 6 crore ethanol supply. Dhampur Bio Organics, a major player in India’s sugar industry, sees a promising future as its ethanol supply increases by 6 crore liters. This expansion enhances growth potential and strengthens its market position.
Share Price Movement
The share price of Dhampur Bio Organics Limited went up by 2.64 percent to Rs. 138.40 per share on Thursday, a significant rise from its previous close of Rs. 134.84 per share. The market capitalisation now stands at approximately Rs. 913.83 crore as of November 07, 2024.
Guidance Update
Dhampur Bio Organics has provided two key updates: First, the company anticipates offering clearer guidance within the next 1-2 months regarding export quotas, MSP (Minimum Support Price), and ethanol prices. Second, they project ethanol supply to reach approximately 6 crore litres this year. The company expects higher crushing volumes in specific regions, including West UP, Asmoli, and Meerganj, compared to the previous year. These updates were shared through recent company announcements.
Financial Highlights
According to its recent filing, in the quarter ending September 2024, Dhampur Bio Organics Limited’s consolidated revenue from operations has decreased by 13.3 percent YOY, from Rs. 538 crore in Q2 FY24 to Rs. 466 crore in Q2 FY25, and has declined by 0.2 percent QoQ from Rs. 467 crore in Q1 FY25.
The company’s consolidated net profit has been on a downward trajectory from Rs. 0 crore in Q2 FY24 to negative Rs. 23 crore in Q2 FY25.
The company’s EPS has gone from a positive Rs. 0.01 in Q2 FY24 to Rs. -3.52 in Q2 FY25.
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Shareholding Pattern
As of the November 2024 shareholding pattern, Dhampur Bio Organics Limited is primarily held by the promoter with 50.79 percent, foreign institutional investors hold 0.83 percent, and the public by 1.35 percent.
About the company
Dhampur Bio Organics Ltd, a key player in India’s sugar industry, emerged from Dhampur Sugar Mills Ltd in September 2022. Currently operating from New Delhi, the company manages three advanced manufacturing plants in Uttar Pradesh. Moreover, their facilities demonstrate impressive capabilities, with a daily sugarcane crushing capacity of 22,000 tonnes.
The company’s operations span across multiple segments, showcasing remarkable growth in sugar production and ethanol manufacturing. Their Asmoli, Mansurpur, and Meerganj plants contribute significantly to their diversified portfolio. Additionally, the company successfully crushed 39.77 lakh tons of sugarcane in FY22, marking substantial progress.
Under the leadership of Chairman Vijay Kumar Goel, Dhampur Bio Organics continues to expand its sustainable practices and innovative solutions.
Written BY Fazal Ul Vahab C H
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