Dwarikesh Sugar Industries Ltd. benchmarking: Performance to industry peers

Financial

	Dwarikesh Sugar Inds	Avadh Sugar & Energy	Uttam Sugar Mills
Operational Metrics
Sugar
Sugar Recovery	9.76 %	10.89 %	9.09 %
Realization / Litre - Distillery	60.7 Rs/L	60.73 Rs/L	56.0 Rs/L
Realization / Unit - Cogeneration	4.4 Rs/Unit	2.42 Rs/Unit	4.27 Rs/Unit
Realization / Kg - Sugar	39.87 Rs/Kg	39.76 Rs/Kg	42.63 Rs/Kg
Capacity Utilization - Cogeneration	6.15 %	n/a	n/a
Financials
5 yr Average ROE	13.21 %	11.74 %	20.2 %
5yr average Equity Multiplier	2.1	3.09	2.91
5yr Average Asset Turnover Ratio	1.21	1.01	1.13
5yr Avg Net Profit Margin	4.88 %	3.81 %	5.97 %
Price to Book	0.99	0.81	1.01
P/E	26.57	15.97	8.83
5yr Avg Cash Conversion Cycle	199.82 Days	154.14 Days	157.67 Days
Inventory Days	155.58 Days	176.95 Days	172.06 Days
Days Receivable	13.08 Days	7.2 Days	13.43 Days
Days Payable	26.62 Days	70.49 Days	74.69 Days
5yr Average Interest Coverage Ratio	6.06	2.76	3.7
5yr Avg ROCE	16.87 %	17.69 %	27.6 %
5yr Avg Operating Profit Margin	11.23 %	10.48 %	12.42 %
5 yr average Debt to Equity	0.7	1.46	1.14
5yr CAGR Net Profit	-23.92 %	2.54 %	-8.13 %
5yr Average Return on Assets	6.13 %	3.86 %	6.83 %
Shareholdings
Promoter Holding	42.14 %	60.39 %	74.71 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.05 %	0.0	1.86 %
Change in Mutual Fund Holding (3 Yrs)	-3.25 %	0.0	0.0

	Dwarikesh Sugar Inds	Avadh Sugar & Energy	Uttam Sugar Mills
Segment Break-Up	Segment Break-Up Sugar 80.63 Distillery 19.37 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 Molasses 0 Distillery 14.46 Sugar 75.94 Power 0 Co-Generation 9.02 Others 0.58	Product Wise Break-Up Molasses 0 Distillery 18.51 Sugar 74.84 Power 6.65 Co-Generation 0
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 80.13 Rest of the World 0 Others 19.87
Capex	Capex Sugar 96.32 Distillery 3.68 Co-generation 0 Cogeneration 0	-	Capex Co-generation 0 Cogeneration 0.17 Distillery 20.67 Sugar 78.01 Others 1.15
Operating Profit Break-Up	Operating Profit Break-Up Sugar 83.07 Distillery 16.93 Co-Generation 0 Cogeneration 0	Operating Profit Break-Up Cogeneration 0 Co-Generation 35.64 Distillery 0 Sugar 64.36	Operating Profit Break-Up Co-Generation 18.11 Co-Generation 0 Distillery 1.68 Sugar 80.2 Others 0.01
Customer Wise Break-Up	Customer Wise Break-Up Others 100	-	-
Asset Break-Up	Asset Break-Up Co-Generation 0 Distillery 0 Sugar 0 Cogeneration 0 Others 100	Asset Break-Up Cogeneration 0 Co-Generation 14.48 Distillery 10.68 Sugar 69.48 Others 5.36	Asset Break-Up Cogeneration 4.78 Co-Generation 0 Distillery 26.68 Sugar 62.98 Others 5.56