with a market valuation of 1,569 crore, Dhampur Sugar Mills is a Small-cap company operating in Fast Moving Consumer Goods (FMCG) sector. The corporation, which was established in 1933, is a leader in the organized sugar, chemical and cogeneration markets in India. Dhampur Sugar Mills, one of India’s top integrated sugarcane processing companies, crushes over 23,500 MT of sugar per day and produces over 2,500 MT of sugar per day.
“This is to inform you that in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended from time to time, the Board of Directors has fixed Tuesday, the 18th April, 2023 as the Record Date. 60% i.e. the purpose of payment of interim dividend on 6.00/- per equity share 10 each (Sum of Interim Dividend of 50% i.e. Rs. 5.00 per Equity Share of Rs. 10 each and Special Dividend of 10% i.e. Rs. 1.00 per Equity Share of Rs. 10 each of the Company on successful commissioning of New Distillery Project) for the financial year 2022-23 declared by the board of directors in its meeting held on April 3, 2023,” the board of directors of Dhampur Sugar Mill said in a stock exchange filing.
Dhampur Sugar Mills has declared an equity dividend of 60.00% on face value 10 or 6 per share for the financial year ending March 2022 or FY22. Dividend yield at current share price of 236.30 is 2.54%. The company has a solid track record of dividend declarations during the last five years. As per Trendline data, Dhampur Sugar Mills Limited has issued 16 dividends since February 27, 2006.
On a consolidated basis, the company reported a net income of 544.05 crore during the quarter ending December 2022 as compared to Rs. 896.00 crores during the quarter ended December 2021. Company’s net expense reached 471.50 Cr during Q3FY23 as compared to Rs. 780.93 Cr during Q3FY22 and its EBIT stood at 72.55 crore as against 115.06 Cr posted in Q3FY22. Dhampur Sugar Mill said that its net profit 46.37 Cr during Q3FY23 as compared to Rs. 76.02 Cr posted in Q3FY22 and its EPS reached compared to 6.99 11.45 was recorded during the corresponding quarter of FY22.
Share of Dhampur Sugar Mills on NSE today 236.30 each level, up 2.67% from previous close 230.15. The stock saw a total turnover of 14,63,987 shares as compared to the 20-day average volume of 662,237 shares. The stock has appreciated 72.29% in the last five years, while it has depreciated 58.28% over the last year. It fell 4.81% YTD in 2023, while rising 6% in the past six months. The stock touched a 52-week high 584.50 (06-Apr-2022) and 52-week low 196.00 on (31-Oct-2022).
During Q3FY23, the company recorded promoter shareholding of 49.09%, FII holding of 5.09%, DII holding of 0.51% and public holding of 45.31%. According to Trendline data, promoters holding in Dhampur Sugar Mills stood at 49.09% in the Dec 2022 quarter FII/FPI trimmed from 5.57% in the Sep 2022 quarter to 5.09% in the Dec 2022 quarter FII/FPI The number of investors was stable at 80 in the Dec 2022 quarter, Mutual Fund holding was 0.00% in the Dec 2022 quarter, Institutional investors’ holding decreased from 6.05% in Q2FY23 to 5.60% in Q3FY23.
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