MarketFriction

Dalmia Bharat Sugar & Industries Ltd

NSE DALMIASUG · BSE 500097 · Sugar
₹396.70 -2.96%
NSE close2026-10-01
52 week range261.40 - 520.00
Market cap₹3,334 Cr.
P/E16.2
Price band 20% Delivery 42.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales731.85583.59750.04960.26926.39837.671,015.52940.88988.72697.75990.73848.19
Expenses666.36474.35631.32849.06860.84736.50818.47851.17932.49588.31820.58804.90
Operating Profit65.49109.24118.72111.2065.55101.17197.0589.7156.23109.44170.1543.29
OPM %8.95%18.72%15.83%11.58%7.08%12.08%19.40%9.53%5.69%15.68%17.17%5.10%
Other Income55.6526.5337.2015.5715.9818.8916.2710.9419.7228.6934.3327.52
Interest16.387.8615.9825.9611.659.2516.2115.9710.2312.2324.9526.58
Depreciation30.7432.2633.4025.8131.9935.2537.6132.0234.4632.9536.8734.40
Profit before tax74.0295.65106.5475.0037.8975.56159.5052.6631.2692.95142.669.83
Tax %25.83%32.13%14.29%27.03%-74.66%21.51%-24.61%25.45%25.40%25.16%27.44%29.70%
Net Profit54.9064.9291.3254.7366.1859.31198.7639.2623.3269.56103.526.91
EPS in Rs6.798.0211.296.778.187.3324.574.852.888.6112.910.95
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1661,6862,2442,0182,1102,6853,0183,2522,8993,7253,6173,525
Expenses9391,3082,0101,7811,7742,2032,5722,8152,4873,2473,1923,146
Operating Profit227378234237337482446437412478426379
OPM %19%22%10%12%16%18%15%13%14%13%12%11%
Other Income22242575564464771286094110
Interest8710269698862353850636374
Depreciation113565452579695121127131136139
Profit before tax47244136192247368380355363345320277
Tax %-23%24%10%9%22%27%22%30%25%-6%26%
Net Profit58186122175193270296250272366236203
EPS in Rs7.2223.0215.1221.6523.8833.4236.5630.9133.6845.1829.2625.35
Dividend Payout %8%9%13%7%8%9%11%13%15%13%21%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%6%4%-5%
Compounded Profit Growth17%-3%-2%-44%
Stock Price CAGR14%0%-3%18%
Return on Equity11%10%9%7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161616161616161616161616
Reserves4444961,2451,4881,5161,5032,1262,3432,6892,9163,0473,226
Borrowings9311,1381,2147761,0371,2779588194541,4301,0441,803
Other Liabilities443411459633621642632645644800541475
Total Liabilities1,8342,0612,9352,9133,1893,4383,7333,8223,8035,1624,6485,521
Fixed Assets7467521,2801,2931,3161,3531,3081,5311,6521,8471,6571,784
CWIP2872711627592113318647
Investments84943666264173596205947366295831,339
Other Assets9761,2081,2879871,4451,7201,7771,6391,3932,5542,2232,352
Total Assets1,8342,0612,9352,9133,1893,4383,7333,8223,8035,1624,6485,521
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-11-24155706-22059346567583-239410219
Cash from Investing Activity-43-77-144-178-29-17937-327-192-257-113-843
Cash from Financing Activity421122-528219145-364-217-419902-480664
Net Cash Flow-1311131-31251823-29405-18241
Free Cash Flow-61-11083635-327-31274234365-60626795
CFO/OP-28%-7%53%321%-75%31%73%140%162%-38%86%68%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days253324123729162017151218
Inventory Days310476367161284345274213163329221233
Days Payable1331256292109102544533712621
Cash Conversion Cycle20238432981212272237188147273207230
Working Capital Days45017-25544647181459946
ROCE %5%8%17%9%10%12%15%13%12%10%10%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.91%74.92%74.92%74.92%74.92%74.92%74.92%74.92%74.92%74.92%74.92%74.92%
FIIs0.97%1.07%1.03%0.96%1.02%0.89%0.75%1.08%0.97%0.70%0.72%0.52%
DIIs0.08%0.08%0.09%0.09%0.05%0.05%0.05%0.05%0.05%0.09%0.12%0.27%
Government0.16%0.16%0.16%0.16%0.16%0.16%0.16%0.16%0.16%0.16%0.16%0.16%
Public23.88%23.78%23.81%23.87%23.85%23.99%24.11%23.77%23.89%24.12%24.07%24.13%
No. of Shareholders41,48545,07047,02647,90645,95345,93446,07643,98146,42746,54345,64646,453

Fundamentals

Market Cap₹ 3,334 Cr.
Current Price₹ 412
Stock P/E16.2
Book Value₹ 401
ROCE8.18 %
ROE7.30 %
Dividend Yield1.46 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)-44%
Consolidated figures.
Valuation
Market capRs 3,211 Cr
Enterprise valueRs 4,682 Cr
P/E (TTM)15.65x
Price to book0.99x
Price to sales0.91x
EV / EBITDA9.57x
EV / EBIT13.35x
EV / sales1.33x
Price to cash flow14.63x
Earnings yield6.39%
Dividend yield1.51%
P/E, 3-year average10.53x
P/B, 3-year average0.96x
P/E, 5-year average11.14x
P/B, 5-year average1.11x
Profitability
Operating margin (excl. other income)11.76%
Operating margin (incl. other income)14.35%
EBITDA margin13.88%
Pre-tax margin7.85%
Net profit margin5.82%
Net margin, latest quarter0.91%
ROE7.51%
ROCE8.37%
ROA4.66%
ROE, 3-year average9.79%
ROCE, 3-year average9.67%
ROA, 3-year average6.06%
ROE, 5-year average10.48%
ROCE, 5-year average10.92%
ROA, 5-year average6.51%
ROIC (approx.)5.49%
Tax rate26.25%
Other income / net worth2.89%
Growth
Sales growth (latest year)-2.89%
Profit growth (latest year)-35.24%
Sales CAGR, 3 years3.61%
Sales CAGR, 5 years6.14%
Profit CAGR, 3 years-1.81%
Profit CAGR, 5 years-2.62%
Sales growth QoQ-14.39%
Profit growth QoQ-92.61%
Sales growth YoY (latest quarter)-9.85%
Profit growth YoY (latest quarter)-80.34%
Per share
EPS (TTM)Rs 25.35
EPS (latest year)Rs 29.25
EPS (latest quarter)Rs 0.95
EPS, 3-year averageRs 36.02
EPS, 5-year averageRs 35.10
Book value per shareRs 400.60
Sales per shareRs 435.56
Cash flow per shareRs 27.11
Free cash flow per shareRs 11.74
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 5.67
Dividend per share, 5-year averageRs 5.00
Dividends
Dividend payout20.52%
Dividend payout, 3-year average16.22%
Dividend payout, 5-year average14.51%
Efficiency
Asset turnover0.66x
Fixed asset turnover2.03x
Inventory turnover1.67x
Inventory days219 days
Debtor days18 days
Debtors turnover20.06x
Creditor days21 days
Cash conversion cycle230 days
Working capital days46 days
Leverage
Total debtRs 1,803 Cr
Cash and bankRs 332 Cr
Net debtRs 1,471 Cr
Debt to equity0.56x
Net debt / EBITDA3.01x
Interest coverage4.74x
Current ratio (filing 2026-03-31)1.58x
Quick ratio (filing 2026-03-31)0.47x
Trade payables (filing 2026-03-31)Rs 155 Cr
Owners' fund to total sources58.73%
Debt to assets32.66%
Cash flow
Cash from Operating Activity (latest year)Rs 219 Cr
Cash from Investing Activity (latest year)Rs -843 Cr
Cash from Financing Activity (latest year)Rs 664 Cr
Net Cash Flow (latest year)Rs 41 Cr
Free cash flow (latest year)Rs 95 Cr
FCFE (approx.: FCF + change in debt)Rs 854 Cr
Cash from ops / profit, 5 years1.08x
Sales to cash flow16.49x
Statement figures
Net sales (TTM)Rs 3,525 Cr
Net sales (latest year)Rs 3,617 Cr
Sales (latest quarter)Rs 848 Cr
Operating profit excl. other income (latest year)Rs 426 Cr
Operating profit (latest quarter)Rs 43 Cr
Other income (TTM)Rs 110 Cr
EBITDA (TTM)Rs 489 Cr
PBDT (TTM)Rs 415 Cr
Profit before tax (TTM)Rs 277 Cr
Tax (latest year)Rs 84 Cr
Net profit (TTM)Rs 205 Cr
Net profit (latest year)Rs 237 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 139 Cr
Depreciation (latest quarter)Rs 34 Cr
Interest (TTM)Rs 74 Cr
Cost of goods sold (latest year)Rs 2,827 Cr
Total expenditure (latest year)Rs 3,192 Cr
Total income (latest year)Rs 3,711 Cr
Share capitalRs 16 Cr
ReservesRs 3,226 Cr
Shareholders' fundsRs 3,242 Cr
Total assetsRs 5,521 Cr
Net blockRs 1,784 Cr
Capital work in progressRs 47 Cr
InvestmentsRs 1,339 Cr
ReceivablesRs 180 Cr
InventoryRs 1,693 Cr
Other liabilitiesRs 475 Cr
Shares outstanding (crore)8.09
Ownership
Promoter holding74.92% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.7 is at the 96th percentile of its own 9.4-year range (median 8.7, low 2.2, high 19.1).
P/B 0.99 is at the 48th percentile (median 0.99).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodDALMIASUGNifty 50Difference
1 week-0.7%-2.8% +2.1 pts
1 month-15.2%-6.8% -8.4 pts
3 months+16.3%-7.6% +23.9 pts
6 months+0.6%+0.4% +0.2 pts
1 year+12.6%-9.9% +22.5 pts
2 years-21.9%-13.6% -8.3 pts
3 years-12.0%+14.2% -26.2 pts
5 years-10.7%+27.9% -38.6 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was 45% of net profit over the last 3 years
explainDebt up, profit down Borrowings up 73% while net profit fell in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹848 Cr -9.9% vs Jun 2025. Net profit ₹7 Cr -82.4%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Balrampur Chini Mills Ltd14,23838.49.27 %
Triveni Engineering and Industries Ltd5,27020.19.02 %
Shree Renuka Sugars Ltd4,798-3.06 %
Bajaj Hindusthan Sugar Ltd4,77736.93.11 %
Bannari Amman Sugars Ltd4,14434.08.75 %
Avadh Sugar & Energy Ltd1,60123.86.83 %
M.V.K. Agro Food Product Ltd1,25325.314.4 %
Uttam Sugar Mills Ltd1,11012.611.4 %
Dhampur Sugar Mills Ltd1,10215.76.43 %
Zuari Industries Ltd8407.275.45 %
Dhampur Bio Organics Ltd83132.54.98 %
Dwarikesh Sugar Industries Ltd80355.44.62 %
Magadh Sugar & Energy Ltd75914.77.75 %
Ugar Sugar Works Ltd65022.59.00 %
Mawana Sugars Ltd56916.88.35 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-03Dividend - Rs 1.50 Per Share
2026-02-11Interim Dividend - Rs 4.50 Per Share
2025-10-31Demerger
2025-06-30Annual General Meeting/Dividend - Rs 1.50 Per Share
2025-02-17Interim Dividend - Rs 4.50 Per Share
2024-07-03Dividend - Rs 1.25 Per Share
2024-02-16Interim Dividend - Rs 3.75 Per Share
2023-08-04Dividend - Re 1 Per Share
2023-02-15Interim Dividend - Rs 3 Per Share
2022-07-27Annual General Meeting/Dividend - Re 1 Per Share
2022-02-15Interim Dividend - Rs 3 Per Share
2021-09-13 Dividend - Rs 3 Per Sh
2020-09-10 Annual General Meeting
2020-02-25 Interim Dividend - Rs 2 Per Share
2019-08-20 Annual General Meeting/Dividend - Rs 1.60 Per Share
2018-09-06 Annual General Meeting
2017-08-23 Dividend - Rs 2/- Per Share
2016-09-01 Annual General Meeting
2016-03-22 Interim Dividend - Re 0.60/- Per Share (Purpose Revised)
2015-08-14 Annual General Meeting
2014-08-22Annual General Meeting
2013-08-14Annual General Meeting/Dividend Re 0.25/- Per Share
2012-08-10Annual General Meeting
2011-08-17Annual General Meeting And Dividend Re.0.25 Per Share
2010-09-24Scheme Of Arrangement
2010-08-17Annual General Meeting And Final Dividend Re.1/- Per Share
2010-02-11Int Div-Re.1/- Per Share
2009-09-14Agm/Div-Rs.2/- Per Share
2009-02-12Interim Dividend - 50%
2008-07-14Dividend-75%
2008-02-14Int Div-Rs.2.50 Per Share
2007-06-14Dividend- 50%
2007-03-22Int Div-Rs.2/- Per Share Purpose Revised
2006-06-15Dividend-100%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-02-13NCLATDalmia Bharat Sugar & Industries Ltd. VS Competition Commission of India & Anr.
2020-01-21NCLATDalmia Bharat Sugar & Industries Ltd. VS Competition Commission of India & Anr.
2019-12-13NCLATDalmia Bharat Sugar & Industries Ltd. VS Competition Commission of India & Anr.
2019-09-30NCLATDalmia Bharat Sugar & Industries Ltd. VS Competition Commission of India & Anr.
2019-07-11NCLATDalmia Bharat Sugar & Industries Ltd. VS Competition Commission of India & Anr.
2019-04-02NCLATDalmia Bharat Sugar & Industries Ltd. VS Competition Commission of India & Anr.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Dalmia Bharat Sugar & Industries Ltd?

Dalmia Bharat Sugar & Industries Ltd (DALMIASUG) has a market capitalisation of Rs 3,334 Cr. at the 2026-10-01 close.

What is the P/E ratio of Dalmia Bharat Sugar & Industries Ltd?

Dalmia Bharat Sugar & Industries Ltd trades at a P/E of 16.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Dalmia Bharat Sugar & Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Dalmia Bharat Sugar & Industries Ltd sales was Rs 848 Cr (-9.9% vs Jun 2025) and net profit was Rs 7 Cr.

What is the 52-week high and low of Dalmia Bharat Sugar & Industries Ltd?

The 52-week high is Rs 520.00 and the 52-week low is Rs 261.40.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03