MarketFriction

Dharani Sugars & Chemicals Ltd

NSE DHARSUGAR · BSE 507442 · Sugar
₹8.55 +2.40%
NSE close2023-06-30
Market cap₹28.4 Cr.
No trades in 30 days

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales000000002000
Expenses112365866575
Operating Profit-1-1-2-3-5-5-8-5-4-5-7-4
OPM %-4,975%-7,575%-1,904%-2,223%-4,500%-2,387%-243%-3,082%-2,668%-806%
Other Income0120361-8-0-1000-220
Interest006678201010101011
Depreciation666666666665
Profit before tax-711323-13-26-19-35-21-20-20-44-20
Tax %0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-711323-13-26-19-35-21-20-20-44-20
EPS in Rs-2.0633.976.87-4.05-7.82-5.67-10.48-6.20-5.95-6.11-13.28-6.02
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales364509482316110314010003
Expenses3244354823531544957107222423
Operating Profit4074-0-37-44-18-18-9-7-22-24-20
OPM %11%15%-0.0%-12%-40%-59%-45%-1,127%-3,561%-2,903%-900%-754%
Other Income9817435610156-7-20-22
Interest6875797522006423940
Depreciation232323232223232222222222
Profit before tax-43-16-85-131-33-38-40-31121-93-105-104
Tax %-72%12%1%14%-10%0%0%0%0%0%0%
Net Profit-12-17-85-149-30-38-40-31121-93-105-104
EPS in Rs-4.08-5.25-25.72-44.98-9.00-11.46-12.11-9.4536.54-28.01-31.54-31.36
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%%198%
Compounded Profit Growth%%%10%
Stock Price CAGR-15%-14%%%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital292933333333333333334242
Reserves-1115814157-92-122-160-200-230-109-205-304
Borrowings588611620559518512536533539419489539
Other Liabilities184185165208236180158169176150146173
Total Liabilities790982959857694603568536518493471449
Fixed Assets462629610604583558538514492470448425
CWIP131618000000000
Investments52426291715151515151515
Other Assets310313305224953015711899
Total Assets790982959857694603568536518493471449
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5061113145897-14-3-5126681
Cash from Investing Activity-6-4-5-8140100002
Cash from Financing Activity-39-65-108-138-104-918-36-127-6-83
Net Cash Flow5-81-1-1-25-61-0-0-0
Free Cash Flow4457108146917-13-3-5126683
CFO/OP-473%155%152%-72,590%-241%-16%74%16%59%-1,916%-28%-335%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days43554035495760422,008
Inventory Days2463352261333225287
Days Payable154187771141404001,263954
Cash Conversion Cycle13420319053-59-318-1,175-9062,008
Working Capital Days-97-97-132-245-565-2,142-7,763-6,175-302,768
ROCE %-2%4%7%-1%-11%-15%-9%-10%-9%-8%-13%-15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters61.55%61.55%61.55%61.55%61.55%61.55%61.55%61.55%61.55%61.55%61.55%61.55%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public38.43%38.43%38.43%38.43%38.43%38.43%38.43%38.43%38.43%38.42%38.43%38.43%
No. of Shareholders19,45919,45719,45019,44919,44319,43319,40819,40719,39919,39219,38819,383

Fundamentals

Market Cap₹ 28.4 Cr.
Current Price₹ 8.55
Book Value₹ -79.2
ROCE-15.0 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)198%
Compounded Profit Growth (TTM)10%
Standalone figures.
Valuation
Market capRs 35 Cr
Enterprise valueRs 574 Cr
Price to book-0.14x
Price to sales13.24x
EV / sales214.20x
Price to cash flow0.44x
Earnings yield-293.28%
P/E, 3-year average0.23x
P/B, 3-year average-0.24x
P/E, 5-year average0.23x
P/B, 5-year average-0.24x
Profitability
EBITDA margin-1573.88%
Pre-tax margin-3884.70%
Net profit margin-3884.33%
Net margin, latest quarter-3994.00%
ROE49.15%
ROCE-21.82%
ROA-22.76%
ROE, 3-year average12.68%
ROCE, 3-year average0.02%
ROA, 3-year average-6.01%
ROE, 5-year average16.55%
ROCE, 5-year average-3.82%
ROA, 5-year average-6.26%
ROIC (approx.)-23.24%
Other income / net worth7.44%
Growth
Sales growth QoQ100.00%
Sales growth YoY (latest quarter)117.39%
Per share
EPS (TTM)Rs -25.08
EPS (latest year)Rs -25.23
EPS (latest quarter)Rs -4.81
EPS, 3-year averageRs -3.69
EPS, 5-year averageRs -6.53
Book value per shareRs -63.31
Sales per shareRs 0.65
Cash flow per shareRs 19.40
Free cash flow per shareRs 19.99
Efficiency
Inventory turnover7.59x
Inventory days48 days
Creditor days954 days
Cash conversion cycle2008 days
Working capital days-302768 days
Leverage
Total debtRs 539 Cr
Cash and bankRs 0 Cr
Net debtRs 539 Cr
Debt to equity-2.05x
Interest coverage-1.60x
Owners' fund to total sources-58.56%
Debt to assets120.02%
Cash flow
Cash from Operating Activity (latest year)Rs 81 Cr
Cash from Investing Activity (latest year)Rs 2 Cr
Cash from Financing Activity (latest year)Rs -83 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 83 Cr
FCFE (approx.: FCF + change in debt)Rs 133 Cr
Statement figures
Net sales (TTM)Rs 3 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit (latest quarter)Rs -4 Cr
Other income (TTM)Rs -20 Cr
EBITDA (TTM)Rs -42 Cr
PBDT (TTM)Rs -82 Cr
Profit before tax (TTM)Rs -104 Cr
Net profit (TTM)Rs -104 Cr
Net profit (latest year)Rs -105 Cr
Net profit (latest quarter)Rs -20 Cr
Depreciation (TTM)Rs 22 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 40 Cr
Cost of goods sold (latest year)Rs 4 Cr
Total income (latest year)Rs -20 Cr
Share capitalRs 42 Cr
ReservesRs -304 Cr
Shareholders' fundsRs -263 Cr
Total assetsRs 449 Cr
Net blockRs 425 Cr
InvestmentsRs 15 Cr
ReceivablesRs 5 Cr
InventoryRs 1 Cr
Other liabilitiesRs 173 Cr
Shares outstanding (crore)4.15
Ownership
Promoter holding61.55% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodDHARSUGARNifty 50Difference
1 week+1.2%-2.8% +4.0 pts
1 month+9.6%-6.8% +16.4 pts
3 months+3.6%-7.6% +11.3 pts
6 months-24.3%+0.4% -24.7 pts
1 year-22.3%-9.9% -12.4 pts
2 years-64.9%-13.6% -51.3 pts
3 years+11.8%+14.2% -2.4 pts
5 years-35.0%+27.9% -62.9 pts

Red flags

F-score 3 of 6
seriousNegative equity Shareholders' equity is negative
lookRepeated losses Net loss in each of the last two years
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 ₹0 Cr. Net loss ₹20 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-03Annual General Meeting
2022-12-23Annual General Meeting
2021-09-17 Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-16 Annual General Meeting
2018-09-18 Annual General Meeting
2017-09-15 Annual General Meeting
2016-09-20 Annual General Meeting
2015-09-18 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-12Annual General Meeting / Dividend - Re 1/- Per Share
2012-09-06Annual General Meeting And Dividend Re.1/- Per Share
2011-09-14Annual General Meeting
2010-08-30Annual General Meeting And Dividend Rs.1.50 Per Share
2009-08-13Agm/Div-Re.1/- Per Share
2008-09-23Annual General Meeting
2007-09-06Agm
2006-08-11Agm
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Dharani Sugars & Chemicals Ltd?

Dharani Sugars & Chemicals Ltd (DHARSUGAR) has a market capitalisation of Rs 28.4 Cr. at the 2023-06-30 close.

What were Dharani Sugars & Chemicals Ltd's latest quarterly results?

In the Jun 2026 quarter, Dharani Sugars & Chemicals Ltd sales was Rs 0 Cr with a net loss of Rs 20 Cr.

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