Buy Dalmia Bharat Sugar and Industries, target price Rs 447: Nuvama Wealth

Nuvama Wealth has buy call on Dalmia Bharat Sugar and Industries with a target price of Rs 447. The current market price of Dalmia Bharat Sugar and Industries is Rs 434.45. Nuvama Wealth brokerage recommended to keep stop loss at Rs 403.

Dalmia Bharat Sugar and Industries, incorporated in the year 1951, is a Small Cap company (having a market cap of Rs 3506.29 Crore) operating in Sugar sector.

Dalmia Bharat Sugar and Industries key Products/Revenue Segments include Sugar, Distillery, Power, Others, Other Operating Revenue, Sale of services for the year ending 31-Mar-2023.


Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 872.48 Crore, up 36.79 % from last quarter Total Income of Rs 637.83 Crore and up 74.14 % from last year same quarter Total Income of Rs 501.03 Crore. Company has reported net profit after tax of Rs 55.60 Crore in latest quarter.

Investment Rationale
A strong base since June’22 has been broken on the higher side with volumes at a two-month high.

Promoter/FII Holdings
Promoters held 74.91 per cent stake in the company as of 30-Jun-2023, while FIIs owned 0.9 per cent, DIIs 0.01 per cent.