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Dhampur Sugar Mills to buy back 10 lakh equity at Rs 300 per share

Dhampur-Sugar-Mills-to-buy-back-10-lakh-equity-at-Rs-300-per-share

About the Company

Dhampur Sugar Mills Limited (DSML) is a company in Uttar Pradesh, India, primarily involved in the manufacturing and selling of sugar, chemicals, ethanol, potable spirits, co-generation, and power generation. The company has multiple units in Dhampur, Mansurpur, Sikandrabad, DSM Chemicals, and a straw board unit.

The company has two subsidiaries, DSM Sugar (Kashipur) and DSM Hitech Products. DSML has expanded its sugar, paper, chemicals, and cardboard production capacity. In 2009, it incorporated Dhampur International Pte. Ltd. in Singapore. In 2016, it formed a wholly-owned subsidiary, Ehaat Limited, and acquired a 51% stake in DETS Limited.

In 2019, the distillery capacities of Dhampur and Asmoli units were enhanced to 250 KLPD and 150 KLPD, respectively. In 2022, the company demerged into Dhampur Bio Organics Limited, and in 2023, the distillery capacity was enhanced to 350 KLPD at the Dhampur unit.

Dhampur Sugar Buyback Details

In a meeting held on January 3, 2024, the board of Dhampur Sugar announced a proposal to buyback 10,00,000 (Ten lakh shares only) equity shares of the company, representing 1.50% of the total paid-up share capital of the company at a price of Rs. 300 (Rupees three hundred only) per equity share payable in cash for an aggregate consideration not exceeding Rs. 30,00,00,000 (Rupees thirty crores only).

Dhampur Sugar Buyback Details
Buyback Type Tender Offer
Buyback Record Date 17-Jan-24
Buyback Opening Date 23-Jan-24
Buyback Closing Date 30-Jan-24
Buyback Offer Amount Rs. 30 Cr
Date of approval by the Board 03-Jan-24
Date of Public Announcement 03-Jan-24
Buyback Offer Size 1.50%
Buyback Number of Shares 10,00,000
Price Type Tender Offer
Face value 10
Buyback Price Rs. 300 /- Share

 

How to Participate in Dhampur Sugar buyback?

  1. First and foremost, in order to be eligible for buyback an investor should have shares of Dhampur Sugar Mills Ltd. in Demat form as on the record date, i.e. 17 Jan 2024.
  2. Having fulfilled first assumption, an investor can participate in the buyback process which opened from 23-01-2024.
  3. To apply for Buyback, an investor can simply call our support staff @ 96382-36000 to process buyback.

Buyback Profit Scenario on the Bases of Acceptance Ratio:

Buy 666 Shares at CPM of Rs. 265 with expected price of Rs. 243

Acceptance Ratio 10% 20% 30% 50% 70% 100%
Shares Accepted 66 133 199 333 466 666
Amount Received 19,800 39,900 59,700 99,900 1,39,800 1,99,800
Profit on Buyback  2,310 4,655 6,965 11,655 16,310 23,310
Remaining Shares 600 533 467 333 200 0
Value of left Shares 1,45,800 1,29,519 1,13,481 80,919 48,600 0
P/L on left Shares -13,200 -11,726 -10,274 -7,326 -4,400 0
Total Profit/Loss  -10,890 -7,071 -3,309 4,329 11,910 23,310
Total Profit/Loss -6.17 -4.01 -1.87 2.45 6.75 13.21

 

Dhampur Sugar Financials

Quarterly Profit & Loss

Sep-23 Jun-23 Mar-23 Dec-22 Sep-22
Total Income 464.48 784.65 675.01 544.05 547.78
Total Income Growth (%) -40.8 16.24 24.07 -0.68 -22.67
Total Expenses 449.59 702.37 582.76 471.5 520.52
Total Expenses Growth (%) -35.99 20.52 23.6 -9.42 -17.86
EBIT 14.89 82.28 92.25 72.55 27.26
EBIT Growth (%) -81.9 -10.81 27.15 166.13 -63.48
Profit after Tax (PAT) 5.37 45.35 60.55 46.37 11.41
PAT Growth (%) -88.16 -25.1 30.57 306.5 -70.97
EBIT Margin (%) 3.21 10.49 13.67 13.34 4.98
Net Profit Margin (%) 1.16 5.78 8.97 8.52 2.08
Basic EPS (₹) 0.81 6.83 9.1 6.99 1.74

 

Balance Sheet

Balance Sheet Annual FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets 2,121.65 2,164.82 3,470.81 3,869.14 3,926.62
Total Assets Growth (%) -1.99 -37.63 -10.3 -1.46 25.22
Total Liabilities 1,078.61 1,279.84 1,910.75 2,507.24 2,700.80
Total Liabilities Growth (%) -15.72 -33.02 -23.79 -7.17 26.61
Total Equity 1,043.04 884.98 1,560.06 1,361.90 1,225.82
Total Equity Growth (%) 17.86 -43.27 14.55 11.1 22.27
Current Ratio (x) 1.24 1.12 1.2 1.08 1.08
Total Debt to Equity (x) 0.7 0.99 0.66 1.2 1.37
Contingent Liabilities 57.44 109.51 162.61 122.09 139.87

 

Dhampur Sugar Key Ratios

FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Return on Equity (%) 15.1 16.27 14.69 15.9 20.49
Return on Capital Employed (%) 19.8 21.52 20.08 17.18 22.19
Return on Assets (%) 7.42 6.65 6.6 5.59 6.39
Interest Coverage Ratio (x) 7.26 6.02 4.95 3.14 4.5
Asset Turnover Ratio (x) 1.34 0.78 121.91 91.13 75.23
Price to Earnings (x) 9.42 24.69 5.31 2.54 6.17
Price to Book (x) 1.42 4.01 0.78 0.4 1.26
EV/EBITDA (x) 6.75 14.47 4.58 5.53 6.66
EBITDA Margin (%) 11.09 13.96 11.17 11.12 16.28

 

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