Buy Dhampur Sugar Mills, target price Rs 346: HDFC Securities

HDFC Securities has buy call on Dhampur Sugar Mills with a target price of Rs 346. The current market price of Dhampur Sugar Mills is Rs 307.4.

Time period given by analyst is 3 months when Dhampur Sugar Mills Ltd. price can reach defined target.

Dhampur Sugar Mills Ltd., incorporated in the year 1933, is a Small Cap company (having a market cap of Rs 2060.34 Crore) operating in Sugar sector.


Dhampur Sugar Mills Ltd. key Products/Revenue Segments include Sugar, Chemicals, Other Operating Revenue, Power, Others, Molasses, Bagasse, Scrap and Duty Drawback for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 765.42 Crore, down -5.99 % from last quarter Total Income of Rs 814.22 Crore and down -18.00 % from last year same quarter Total Income of Rs 933.41 Crore. Company reported net profit after tax of Rs 26.25 Crore in latest quarter.

Investment Rationale
The overall chart pattern of Dhampur Sugar Mills Ltd indicates long trading opportunity.

Promoter/FII Holdings
Promoters held 49.08 per cent stake in the company as of 30-Sep-2021, while FIIs owned 5.28 per cent, DIIs 0.58 per cent.