Dwarikesh Sugar Industries Ltd. · NSE:DWARKESH
Dwarikesh Sugar Industries — Investor Presentation (2008)
24 slides from Dwarikesh Sugar Industries's investor presentation, 2008
Slide 1: Dwarikesh Sugar Industries Limited
DWARIKESH SUGAR INDUSTRIES LIMITED We can because we think we can 2006-2007
Slide 2: Registered and Corporate Office
REGISTERED OFFICE DWARIKESH SUGAR INDUSTRIES LIMITED DWARIKESH NAGAR – 246762 DISTRICT BIJNOR – UTTAR PRADESH CORPORATE OFFICE 511, MAKER CHAMBER V 221, NARIMAN POINT MUMBAI – 400 021 2006-2007 Dwarikesh Sugar Industries Limited
Slide 3: Statutory Auditors, Bankers and Solicitors
STATUTORY AUDITORS S S KOTHARI MEHTA AND CO. CHARTERED ACCOUNTANTS 146-149 TRIBHUVAN COMPLEX, ISHWAR NAGAR, MATHURA ROAD, ND – 65 BANKERS PUNJAB NATIONAL BANK INDUSTRIAL DEVELOPMENT BANK OF INDIA SOLICITORS MULLA & MULLA & CRAIGIE BLUNT & CAROE KANGA & CO. 2006-2007 Dwarikesh Sugar Industries Limite
Slide 4: Board Room
BOARD ROOM Mr. G R Morarka CMD – (Key Promoter) Mr. Suresh Neotia Chairman – Gujarat Ambuja Cement Ltd Mr. S S Vaidya Partner, Kanga & Co. Solicitors Mr. M G Diwan Ex-Chairman, LIC India Mr. K P Medhekar Ex- DGP Maharashtra Mr. Milind J Vichare IDBI Nominee Mr. L N Heda Management Expert Mr. B K Aga
Slide 5: Men at the Helm
MEN AT THE HELM Mr. B J Maheshwari Vice President (Taxation) & CS Mr. Vijay S Banka Chief Financial Officer Mr. M N Agarwal Chief General Manager (Works) - DN Mr. R K Goel Chief General Manager (Works) - DP Mr. K P Gadia Chief General Manager (Commercial) Mr. R S Hooda General Manager (Works) - DD M
Slide 6: Production Units
PRODUCTION UNITS DN – Dwarikesh Nagar, Tehsil – Nagina, District Bijnor, Uttar Pradesh, India DP – Dwarikesh Puram, Tehsil – Dhampur, District Bijnor, Uttar Pradesh, India DD – Dwarikesh Dham, Tehsil – Faridpur, District Bareilly, Uttar Pradesh, India
Slide 7: Metrics of Plant Capacity
METRICS OF PLANT CAPACITY Division DN DP DD Total (Plant Capacity) Sugar (TCD) 6500 7500 7500 21500 Co-gem (MW) 17 33 36 86 Supply to state 8 24 24 56 grid (MW) Distillery (KLPD) 30 - - 30
Slide 8: Infrastructure – Sugar Plant
INFRASTRUCTURE – SUGAR PLANT DN DP DD Total Land Availability (acres) 86 58 72 Command Area of Cane (Hect.) 24,304 23,374 25,054 Total Sugar Storage Capacity 7.5 5 6 (Lacs Quintal) Total Molasses Storage 1.60 1.00 2.00 Capacity (Lacs Quintal)
Slide 9: Infrastructure – Distillery Plant
INFRASTRUCTURE – DISTILLERY PLANT At DN Total Molasses Storage Capacity 58,143 Quintals Total Rectified Spirit Storage Capacity 11,15,150 Bulk Litres Total Ethanol Storage Capacity 11,15,150 Bulk Litres
Slide 10: Financial Results
FINANCIAL RESULTS F.Y.E 30th SEPTEMBER (Rs. Million) Year Gross Operating Book Value EPS Ended Income PAT Profit per share (Rs.) Net Worth On (PBDIT) (Rs.) 1997 663 22.54 158.2 26.93 2.52 240.23 1998 876 82.06 212.3 34.32 9.05 306.12 1999 985 72.9 203.4 40.58 7.9 361.87 2000 1059 95.7 226.5 49.28 10
Slide 11: Track Record of Equity Dividend
TRACK RECORD OF EQUITY DIVIDEND YEAR Dividend (%) 1997-98 15% 1998-99 15% 1999-00 15% 2000-01 15% 2001-02 5% 2002-03 5% 2003-04 20% 2004-05 60% 2005-06 60% 2006-07 -
Slide 12: Growth Trajectory – Cane Crushed
Growth Trajectory – Cane Crushed Lac Quintals Crushed 200 180 172.72 160 140 120 105.9 100 86.48 80 74.98 75.19 80.15 66.35 65.75 57.33 64.75 60 46.99 40 20 0
Slide 13: Growth Trajectory – Sugar Production
Growth Trajectory – Sugar Production Lac Quintals Produced 20 17.81 18 16 14 12 10.73 10 8.81 8.4 7.65 7.81 8 6.22 6.56 6.78 5.89 6 4.82 4 2 0
Slide 14: Recovery Achieved at DSIL
Recovery Achieved at DSIL Recovery (%) 10.6 10.48 10.39 10.4 10.26 10.28 10.32 10.31 10.21 10.2 10.2 10.12 10 9.9 9.8 9.61 9.6 9.4 9.2 9
Slide 15: The Sugar Season 2007-08
The Sugar Season 2007-08 Cane Crushed at all 3 units - 19391172.98 qtls Total Sugar Produced – 2022099 qtls Sugar Recovery % cane – 10.43
Slide 16: Share Capital Structure
Share Capital Structure Till April 2001 89.20 lacs Equity Share of Rs. 10 each. Total Share capital Rs. 8.92 crores April 2001 Issued Bonus share in the ratio of 13:100. Share capital of the company increased to Rs. 10.08 crores August 2001 Buy back of 25.20 lacs shares @ Rs. 40/- per share. Total s
Slide 17: Share Holding Pattern
Share Holding Pattern (As on 31-03-2008) Total No. Category of shares held % Promoters & Promoter Group 7742099 47.45 Public Sharing 8572577 52.55
Slide 18: SWOT Analysis
S W O T Analysis Strengths Opportunities - Most modern plants and equipment - Well planned infrastructure - Machinery that can be upgraded for - Abundant and Assured plan of higher capacities Sugarcane - Opportunity to get into value added - Power Supply to state grid business - Lowest Process Losse
Slide 19: A Major Cost Driver - Sugarcane
A Major Cost Driver - Sugarcane 20000 18000 16000 Cane Cost at 14000 SMP 12500 12500 12000 11500 Cane 10000 Cost at 9000 9000 9000 SAP 8000 M-30 6000 Sugar Price 4000 2000 0 2002 2003 2004 2005 2006 2007
Slide 20: Operating Ratios
Operating Ratios In % Particulars 2001- 2002- 2003- 2004- 2005- 2006- 02 03 04 05 06 07 Manufacturing and operating 71.13 73.23 62.28 58.49 67.02 80.89 expense/ Total Income Excise Duty / Total Income 8.12 6.29 7.7 5.58 5.64 5.43 Staff Expenses / Total Income 4.89 4.89 4.82 4.79 5.02 5.08 Selling an
Slide 21: Sugar Industry - Outlook
Sugar Industry - Outlook Indian Sugar Industry is subject to cyclical forces Typical Cycle
Slide 22: Year 2006-07 was a landmark for all the wrong reasons
Year 2006-07 was a landmark for all the wrong reasons Sugarcane prices and arrears at an all time high Sugar prices plummeting Stand Alone companies will find the going tough Sugar Season 2008-09 seems to promise a recovery With growing oil prices, Brazil likely to produce more ethanol f
Slide 23: Outlook for DSIL
Outlook for DSIL Dwarikesh has grown from a single unit company, to a conglomerate with composite manufacturing facilities and is thus viewed to be more capable of handling the current situation 2007-08 saw the commissioning of new plant at DD as well as commissioning of all proposed power expan
Slide 24: Thank You
THANK YOU 2006-2007 Dwarikesh Sugar Industries Limited
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