NARCL’s ₹222.5 crore binding offer had triggered a Swiss Challenge auction which was scheduled on March 17. Lenders did not receive any counter offer for the ₹619-crore creditors’ claim that was auctioned last week. The offer from NARCL equates to a 36% recovery, and lenders would receive 15% of con…

NARCL set to acquire debt of Dharani Sugars

The National Asset Reconstruction Company (NARCL) on Tuesday gave a ₹222.5 crore binding offer for verified claims of ₹619 crore, said two people with knowledge of the matter. The offer from NARCL equates to a 36% recovery for lenders and has triggered a ‘Swiss challenge’ auction.

NARCL makes binding offer for bad loans of Dharani Sugars

Among the major sugar companies, stocks of Dharani Sugars have jumped 305 per cent, Shree Renuka Sugars 239 per cent, and Triveni Engineering Industries 238 per cent.

Dharani Sugars to Shree Renuka, sugar stocks fly high on ethanol norms

Dharani Sugars Standalone June 2021 Net Sales At Rs 29.45 Crore, Up 22.17% Y-o-Y

The company’s sales rose 22.20% yoy to Rs29.45cr in Q1FY22.

Dharani Sugars & Chemicals reports net loss of Rs8.08cr in Q1; Stock ends higher

Dharani Sugars & Chemicals reports standalone net loss of Rs 8.08 crore in the June 2021 quarter

Opto Circuits (India) Ltd, Som Distilleries & Breweries Ltd, Tree House Education & Accessories Ltd and Atishay Ltd are among the other losers in the BSE’s ‘B’ group today, 17 February 2021.

Dharani Sugars & Chemicals Ltd leads losers in ‘B’ group

Dharani Sugars Standalone December 2020 Net Sales At Rs 0.16 Crore, Down 95.34% Y-o-Y

Dharani Sugars & Chemicals reports standalone net loss of Rs 11.07 crore in the December 2020 quarter

CIL Nova Petrochemicals Ltd, DE Nora India Ltd, Premier Explosives Ltd and Dharani Sugars & Chemicals Ltd are among the other losers in the BSE’s ‘B’ group today, 08 February 2021.

Shyam Telecom Ltd leads losers in ‘B’ group

Dharani Sugars & Chemicals reports standalone net loss of Rs 5.91 crore in the September 2020 quarter

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Dharani Sugars and Chemicals is engaged in the business of manufacture of white sugar, generation of electricity and production of industrial alcohol.