DWARIKESH SUGARINDUSTRIES LIMITED

We can because we think we can

2011-12 Dwarikesh Sugar Industries Limited

REGISTERED OFFICE DWARIKESH SUGAR INDUSTRIES LIMITED DWARIKESH NAGAR – 246762 DISTRICT BIJNOR – UTTAR PRADESH

CORPORATE OFFICE 511, MAKER CHAMBER V 221, NARIMAN POINT MUMBAI – 400 021

2011-12 Dwarikesh Sugar Industries Limited

STATUTORY AUDITORS S S KOTHARI MEHTA AND CO. CHARTERED ACCOUNTANTS 146-149 TRIBHUVAN COMPLEX, ISHWAR NAGAR, MATHURA ROAD, ND – 65

BANKERS PUNJAB NATIONAL BANK INDUSTRIAL DEVELOPMENT BANK OF INDIA SERVA U.P. GRAMIN BANK DISTRICT COOPERATIVE BANK

SOLICITORS MULLA & MULLA & CRAIGIE BLUNT & CAROE KANGA & CO.

2011-12 Dwarikesh Sugar Industries Limited

BOARD ROOM

Mr. G R Morarka

Mr. K L Garg

Mr. B K Agarwal

Mr. K N Prithviraj

Mr. B J Maheshwari

Mr. V S Banka

2011-12

CMD – (Key Promoter)

IDBI Nominee

Ex-Secretary (Industry), Maharashtra

Ex CMD of Oriental Bank of Commerce

Whole Time Director & CS CUM CCO

Whole Time Director & CFO

Dwarikesh Sugar Industries Limited

MEN AT THE HELM

2011-12 Dwarikesh Sugar Industries Limited

1 Ms. Priyanka G. Morarka Vice President (Corporate Affairs) 2 Mr. K. P. Gadia Vice President (Commercial) 3 Mr. R. K. Gupta Vice President (Works) 4 Mr. A. K. Mishra Vice President (Works) 5 Mr. Salil Swaroop Arya General Manager (Administration) 6 Mr. Alok Lohia General Manager (Finance) 7 Mr. Sudhir Kumar General Manager (Engg) 8 Mr. Shravan Kumar Sharma General Manager (HRD) 9 Mr. Rajendra Singh Thakur General Manager (Engg) 10 Mr. Surendra Pratap Singh General Manager (Cane) 11 Mr. P. K. Salar General Manager (Cane) 12 Mr. N. C. Sharma General Manager (Process) 13 Mr. Balendu Sharma General Manager (IT)

PRODUCTION UNITS

DN –Dwarikesh Nagar, Tehsil – Nagina, District

Bijnor, Uttar Pradesh, India

DP –Dwarikesh Puram, Tehsil – Dhampur, District

Bijnor, Uttar Pradesh, India

DD –Dwarikesh Dham, Tehsil – Faridpur, District

Bareilly, Uttar Pradesh, India

METRICS OF PLANT CAPACITY

Division (Plant Capacity)

Sugar (TCD)

Co-gem (MW)

Supply to state grid (MW)

DN DP DD Total

6500

17

8

7500

33

24

7500

36

24

21500

86

56

Distillery (KLPD) 30 - - 30

INFRASTRUCTURE – SUGAR PLANT

DN

Total Land Availability (acres) 86

DP

58

DD

72

Command Area of Cane (Hect.) 24,304 23,374 25,054

Total Sugar Storage Capacity (Lacs Quintal)

7.5 5 6

Total Molasses Storage Capacity (Lacs Quintal)

1.60 1.00 2.00

INFRASTRUCTURE – DISTILLERY PLANT

At DN

Total Molasses Storage Capacity 58,143 Quintals

Total Rectified Spirit Storage Capacity 11,15,150 Bulk Litres

Total Ethanol Storage Capacity 11,15,150 Bulk Litres

FINANCIAL RESULTS F.Y.E 30th SEPTEMBER

(Rs. Million)

Year Ended

On

2003

2004

2005

2006

2007

2008

2009

2010

2011

1178

1303

1679

2401

3145

3643

3930

Gross Income PAT

Operating Book Value

Per Share Profit (PBDIT)(Rs.)

EPS (Rs.)

Net Worth

20.6

97.6

266.0

208.4

(62.8)

(247.8)

250.8

(90.6)

(131.6)

153.4

225.9

466.7

456.2

189.0

495.7

1259.8

650.0

748.8

40.23

50.10

70.24

97.89

89.93

75.21

87.28

81.73

73.66

365.20

389.80

1.75

12.13

23.17

13.90

(4.20)

(15.31)

14.20

(6.50)

(9.02)

893.50

1534.50

1572.70

1393.90

1584.90

1494.30

1362.74

6405

5989

2012 (113) 961 66.73 (7.88) 1349.60 8275

TRACK RECORD OF EQUITY DIVIDEND

YEAR

00-01

01-02

02-03

03-04

04-05

05-06

06-07

07-08

08-09

09-10 10-11

Dividend (%)

15%

5%

5%

20%

60%

60%

- - 15%

- -

11-12 -

Growth Trajectory – Cane Crushed

Growth Trajectory – Sugar Production

Recovery Achieved at DSIL

The Sugar Season 2011-12

Cane Crushed at all 3 units - 24260411 qtls

Total Sugar Produced – 2381080 qtls

Sugar Recovery % cane – 9.81%

Share Capital Structure

Till April 2001 April 2001

August 2001

89.20 lacs Equity Share of Rs. 10 each. Total Share capital Rs. 8.92 crores Issued Bonus share in the ratio of 13:100. Share capital of the company increased to Rs. 10.08 crores

Buy back of 25.20 lacs shares @ Rs. 40/- per share. Total share capital reduced to Rs. 7.56 crores

IPO of 50 Lacs equity shares @ Rs. 65/- per share including Rs.55/- share towards share premium. Total share capital increased to Rs. 12.56 crores

GDR issue of 30 lacs equity share @USD 4 per share. Total share capital increased to Rs. 15.56 crores

November 2004

December 2005

July 200715 lac share warrants convertible into equal number of equity shares were allotted to promoters. The warrants are convertible into equity shares at the option of warrants holder at any time after 31-01-08 but before the expiry of 18 months from date of allotment.

Out of the above 7.5 Lacs warrants have been converted into equal number of equity shares.February 2008

March 2010 Authorized capital was increased to Rs. 44 Crores

Share Holding Pattern(As on 30-09-2012)

Category

Total No. of shares held

%

Promoters & Promoter Group 7866077 48.21%

Public Sharing 8448599 51.79%

S W O T Analysis

Strengths - Most modern plants and equipment - Well planned infrastructure - Abundant and Assured plan of

Sugarcane - Power Supply to state grid - Lowest Process Losses - Highly skilled and motivated workforce - Self sufficient in power and water

Opportunities

- Machinery that can be upgraded for higher capacities

- Opportunity to get into value added business

- Opportunity to set up bagasse based paper plant

Weaknesses - Cyclical Industry - Highly regulated Industry -Virtually No control over Raw Material

Price - Lackadaisical attitude of government in providing infrastructure such as roads etc

Threats

- Import of Sugar - Frequent changes in Government

Policies

A Major Cost Driver - Sugarcane

Operating RatiosIn %

Particulars 05-06 06-07

80.89

07-08

71.61

08-09

52.16

09-10

79.21

10-11

75.26 Manufacturing and operating expense/ Total Income

Excise Duty / Total Income

Staff Expenses / Total Income

Selling and Admin Expenses/ Total Income

PBIDT / Total Income

PBIT / Total Income

PBT / Total Income

PAT / Total Income

67.02

5.64

5.02

3.19

5.43

5.08

2.49

5.82

6.62

2.26

5.79

7.27

2.64

3.47

5.02

2.10

3.91

5.92

2.41

19.00

13.91

11.21

8.68

6.01

1.78

(4.09)

(2.00)

13.61

5.53

(8.05)

(6.80)

32.06

23.67

10.15

5.14

(2.09)

(1.41)

12.50

7.04

(2.94)

(2.20)

7.99

6.38

11-12

77.09%

3.30%

4.60%

3.40%

7.64%

7.64%

-1.89%

-1.37%

Sugar Industry - Outlook

Indian Sugar Industry is subject to cyclical forcesTypical Cycle

Estimated Production would be 26 millions tons

Higher cane price has led to higher cane growing and that in turn resulted into bumper production

Levy obligation has been restored at 10% as against 20%.

Domestic prices have firmed up on account of export of excess output, inadequate rainfall, higher cane prices

Sugar prices are expected to remain strong going forward

Outlook for DSIL

Sugarcane crushing up by 2.33%Production of sugar down by 4.11%Recovery of sugar down by 1.74%Satisfactory utilization of co generation capacity

The process losses at DN and DP are one of the lowest in the sugar

industries of Uttar Pradesh.

THANK YOU

2011-2012 Dwarikesh Sugar Industries Limited