Dhampur Bio is converting existing ethanol plant to dual feed. To my mind this is the best thing to do at low capex of 50cr (funded 75% by soft loan). So full cane can go for sugar which is at higher margins and utilise the idle ethanol capacity using grains. Give the company another 6 to 9 months and performance will be among the best - EPS will double to Rs. 25 (annualised) and min share price 250 ( 70% upside).
Disclaimer - Please note this is not a recommendation to invest.
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