Buy Dalmia Bharat Sugar and Industries, target price Rs 490: ICICI Direct

ICICI Direct has buy call on Dalmia Bharat Sugar and Industries with a target price of Rs 490. The current market price of Dalmia Bharat Sugar and Industries Ltd. is Rs 317.3.

Dalmia Bharat Sugar and Industries Ltd., incorporated in the year 1951, is a Small Cap company (having a market cap of Rs 2560.92 Crore) operating in Sugar sector.

Dalmia Bharat Sugar and Industries Ltd. key Products/Revenue Segments include Sugar, Distillery, Power, Other Operating Revenue, Traded Goods, Others, Sale of services for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2022, the company 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 reported net profit after tax of Rs 55.60 Crore in latest quarter.

The company’s top management includes Mr.Rajeev Bakshi, Mr.Gautam Dalmia, Mr.Bharat Bhushan Mehta, Ms.Amita Misra, Mr.P Kannan, Mr.T Venkatesan. Company has NSBP & Co. as its auditors. As on 30-09-2022, the company has a total of 8 Crore shares outstanding.



Promoter/FII Holdings
Promoters held 74.91 per cent stake in the company as of 30-Sep-2022, while FIIs owned 1.42 per cent, DIIs 0.0 per cent.