Dwarikesh Sugar Industries Ltd. benchmarking: Perfomance to industry peers

Financial

	Dwarikesh Sugar Inds	Magadh Sugar & Energ	Uttam Sugar Mills
Operational Metrics
Sugar
Sugar Recovery	10.94 %	10.36 %	9.09 %
Realization / Litre - Distillery	0.0	60.73 Rs/L	56.03 Rs/L
Realization / Unit - Cogeneration	2.8 Rs/Unit	5.46 Rs/Unit	4.27 Rs/Unit
Realization / Kg - Sugar	39.63 Rs/Kg	n/a	41.18 Rs/Kg
Capacity Utilization - Cogeneration	7.48 %	n/a	n/a
Financials
5 yr Average ROE	13.21 %	9.83 %	20.2 %
5yr average Equity Multiplier	2.1	2.28	2.91
5yr Average Asset Turnover Ratio	1.21	0.7	1.13
5yr Avg Net Profit Margin	4.88 %	6.33 %	5.97 %
Price to Book	0.89	0.8	0.94
P/E	34.07	7.41	6.71
5yr Avg Cash Conversion Cycle	199.82 Days	164.75 Days	157.67 Days
Inventory Days	155.58 Days	219.59 Days	172.06 Days
Days Receivable	13.08 Days	7.93 Days	13.43 Days
Days Payable	26.62 Days	64.57 Days	74.69 Days
5yr Average Interest Coverage Ratio	6.06	3.72	3.7
5yr Avg ROCE	16.87 %	16.11 %	27.6 %
5yr Avg Operating Profit Margin	11.23 %	14.7 %	12.42 %
5 yr average Debt to Equity	0.7	0.96	1.14
5yr CAGR Net Profit	-23.92 %	32.22 %	-8.13 %
5yr Average Return on Assets	6.13 %	4.43 %	6.83 %
Shareholdings
Promoter Holding	42.1 %	61.02 %	74.39 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.01 %	0.0	1.45 %
Change in Mutual Fund Holding (3 Yrs)	-3.25 %	0.0	0.0

	Dwarikesh Sugar Inds	Magadh Sugar & Energ	Uttam Sugar Mills
Segment Break-Up	Segment Break-Up Sugar 100.0 Distillery 0 Co-Generation 0	-	-
Product Wise Break-Up	Product Wise Break-Up Sugar 66.3 Power 2.36 Molasses 0.45 Co-generation 0 Distillery 0 Others 30.89	Product Wise Break-Up Co-generation 0 Molasses 0 Power 0 Sugar 72.51 Distillery 27.49	Product Wise Break-Up Co-generation 0 Molasses 0 Power 1.22 Sugar 80.67 Distillery 18.11
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0 International 0 Domestic 0	Location Wise Break-Up India 0 Domestic 98.54 Rest of the World 0 International 1.46	Location Wise Break-Up India 80.13 Domestic 0 Rest of the World 0 International 0 Others 19.87
Capex	Capex Sugar 96.32 Distillery 3.68 Co-generation 0 Cogeneration 0	-	Capex Sugar 78.01 Distillery 20.67 Co-generation 0 Cogeneration 0.17 Others 1.15
Operating Profit Break-Up	Operating Profit Break-Up Distillery 100.0 Co-Generation 0 Sugar 0 Cogeneration 0	Operating Profit Break-Up Sugar 0 Distillery 100.0 Cogeneration 0 Co-Generation 0	Operating Profit Break-Up Sugar 50.53 Distillery 26.45 Co-Generation 23.03 Co-Generation 0
Customer Wise Break-Up	Customer Wise Break-Up Others 100	-	-
Asset Break-Up	Asset Break-Up India 100.0 Distillery 0 Cogeneration 0 Sugar 0	Asset Break-Up Distillery 0 Sugar 0 India 99.53 Cogeneration 0 Others 0.47	Asset Break-Up Distillery 29.31 Sugar 59.69 India 0 Cogeneration 4.57 Others 6.43