Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains!

Dhampur Bio – promoters have bought shares from open market at Rs. 160. Last Nov also they had bought shares from market.
Company has increased cane crushing capacity (by 30%). As per concall they expect to crush 8% more cane this year. Extra capacity of 20% will help them crush cane faster and hence increase recovery (cane crushed in April/ May has low recovery).
They had commissioned pharma grade sugar plant few quarters back.
Ethanol they have postponed as margins in sugar will be higher for next 2 years. No capex no interest burden but higher margins through existing sugar capacity.
DBOL will be best performing sugar company this year.