Heard concall of Dhampur Bio. Key points:
- as expected the performance is poor due to restriction on domestic sales, exports and ethanol ban
- company is sitting on high sugar inventory of 2 lac tons as on 30th June 2024 ( it is double of last year- 1 lac ton in June 2023)
However ethanol from juice/ b heavy is highly likely to be allowed – as expected sugar production is going to be about 32 mn ton next year and high inventory expected of 9 mn ton in Sept 30, 2024.
Apart from this exports of 1mn ton can be expected. There is no benefit of such huge inventory – even international prices are coming down.
Entire industry is waiting for some positive announcements from the Govt.
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