Buy Dalmia Bharat Sugar and Industries, target Rs 138: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Dalmia Bharat Sugar and Industries Ltd. with a target price of Rs 138. The current market price of Dalmia Bharat Sugar and Industries Ltd. is Rs 131.35. Time period given by the analyst is Intra Day when Dalmia Bharat Sugar and Industries Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 128. Dalmia Bharat Sugar and Industries Ltd., incorporated in 1951, is a smallcap company with a market cap of Rs 1063.14 crore.

Dalmia Bharat Sugar and Industries Ltd. key Products/Revenue Segments include Sugar which contributed Rs 1909.57 Crore to Sales Value (84.09 % of Total Sales), Power which contributed Rs 192.31 Crore to Sales Value (8.46 % of Total Sales), Distillery which contributed Rs 126.41 Crore to Sales Value (5.56 % of Total Sales), Other Operating Revenue which contributed Rs 22.49 Crore to Sales Value (0.99 % of Total Sales), Others which contributed Rs 17.60 Crore to Sales Value (0.77 % of Total Sales), Sale of services which contributed Rs 2.41 Crore to Sales Value (0.10 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 422.43 Crore, up 13.57 % from last quarter Sales of Rs 371.96 Crore and down -29.94 % from last year same quarter Sales of Rs 602.96 Crore Company has reported net profit after tax of Rs 43.36 Crore in latest quarter. The company’s top management includes Mr.B B Mehta, Mr.Gautam Dalmia, Mr.J S Baijal, Mr.Jai Hari Dalmia, Mr.Kannan Panchapakesan, Mr.M Raghupathy, Mr.T Venkatesan, Mrs.Himmi Gupta. Company has NSBP & Co. as its auditoRs As on 31-12-2018, the company has a total of 80,939,303 shares outstanding.