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Dalmia Bharat Sugar And Industries Ltd - Stock Valuation and Financial Performance

BSE: 500097 | NSE: DALMIASUG | Sugar | Small Cap

Dalmia Bharat Sugar Share Price

394.40 -3.20 -0.80%
as on 23-Jun'25 12:13

DeciZen - make an informed investing decision on Dalmia Bharat Sugar

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Dalmia Bharat Sugar And Industries stock performance -

mw4me loader
P/E Ratio (SA):
8.32
Market Cap:
3,218.2 Cr.
52-wk low:
290.9
52-wk high:
582

Is Dalmia Bharat Sugar And Industries Ltd an attractive stock to invest in?

1. Is Dalmia Bharat Sugar And Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dalmia Bharat Sugar And Industries Ltd is a average quality company.

2. Is Dalmia Bharat Sugar And Industries Ltd undervalued or overvalued?

The key valuation ratios of Dalmia Bharat Sugar And Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Dalmia Bharat Sugar And Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Dalmia Bharat Sugar And Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Dalmia Bharat Sugar:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dalmia Bharat Sugar And Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.9%16.9%9.3%11.3%12.4%14.5%13.9%12.3%11%9.6%-
Value Creation
Index
-0.40.2-0.3-0.2-0.10.00.0-0.1-0.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1661,6862,2442,0192,1112,6863,0073,2522,8993,7463,746
Sales YoY Gr.-44.6%33.1%-10.1%4.6%27.2%12%8.2%-10.9%29.2%-
Adj EPS 6.224.316.422.224.333.237.430.829.947.547.8
YoY Gr.-291.1%-32.4%35.1%9.7%36.6%12.6%-17.6%-3%58.9%-
BVPS (₹) 62.7154.4179191.5198.7258.2291.4334.2362.2399.6399.6
Adj Net
Profit
50.3197133179197269303250242385387
Cash Flow from Ops. -23.875.9659-220209346567583-239450-
Debt/CF from Ops. -47.8161.2-4.76.12.81.40.8-62.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.8%12.2%7.6%29.2%
Adj EPS 25.4%14.3%8.3%58.9%
BVPS22.9%15%11.1%10.3%
Share Price 34.5% 28.6% 10.1% -8.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
10.422.39.91212.514.613.69.98.612.512
Op. Profit
Mgn %
19.523.410.411.7161814.813.714.212.612.9
Net Profit
Mgn %
4.311.75.98.99.31010.17.78.410.310.3
Debt to
Equity
2.210.50.70.80.50.40.20.50.30.2
Working Cap
Days
32225819024529724821618524421784
Cash Conv.
Cycle
1901689511716815013611316014756

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.00%

Sales growth is good in last 4 quarters at 29.90%

Sales growth has been subdued in last 3 years 7.60%

Net Profit has been subdued in last 3 years 8.29%

Latest Financials - Dalmia Bharat Sugar And Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 47.8 33.6
TTM Sales (₹ Cr.) 3,746 3,478
BVPS (₹.) 399.6 382.4
Reserves (₹ Cr.) 3,218 3,079
P/BV 0.99 1.04
PE 8.32 11.84
From the Market
52 Week Low / High (₹) 290.90 / 582.00
All Time Low / High (₹) 11.20 / 620.00
Market Cap (₹ Cr.) 3,218
Equity (₹ Cr.) 16.2
Face Value (₹) 2
Industry PE 21.7

Management X-Ray of Dalmia Bharat Sugar:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

No data found!

Key Ratios of Dalmia Bharat Sugar

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,1661,6862,2442,0192,1112,6863,0073,2522,8993,746
Operating Expenses 9401,3082,0111,7811,7742,2132,5642,8162,4883,277
Manufacturing Costs79110124131136119132150182149
Material Costs7341,0141,7051,4081,4071,8292,1232,3221,9662,729
Employee Cost 75108109119134143165187202224
Other Costs 52767412397123144156138175
Operating Profit 227378234237337473443437412469
Operating Profit Margin (%) 19.5%22.4%10.4%11.7%15.9%17.6%14.7%13.4%14.2%12.5%
Other Income 212437876153867612975
Interest 871026969886235385063
Depreciation 113565452579695121127131
Exceptional Items 0000000000
Profit Before Tax 47244148204252369399353363350
Tax -1157141654989110591-37
Profit After Tax 58187134187198270308248272387
PAT Margin (%) 5.0%11.1%6.0%9.3%9.4%10.1%10.2%7.6%9.4%10.3%
Adjusted EPS (₹)7.223.116.623.224.533.438.030.733.747.8
Dividend Payout Ratio (%)8%9%0%7%8%9%11%13%15%13%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 5111,2501,4491,5501,6092,0902,3592,7052,9323,235
Share Capital 16161616161616161616
Reserves 4951,2341,4331,5341,5922,0742,3432,6892,9163,218
Minority Interest0000000000
Debt9621,1217219781,1939167643801,381979
Long Term Debt571396376461424227337326338514
Short Term Debt391725345517768689427541,043465
Trade Payables241173429420394268251208383199
Others Liabilities 367379259347465563659786717701
Total Liabilities 2,0802,9232,8573,2953,6603,8374,0324,0795,4135,114

Fixed Assets

Gross Block1,4081,9802,0472,1492,2382,2882,5632,8043,2693,345
Accumulated Depreciation6567007548058859801,0321,1521,4231,541
Net Fixed Assets7521,2801,2931,3451,3531,3081,5311,6521,8471,804
CWIP 627116275921133188
Investments 92275435288447563594736629583
Inventories9151,0217501,0951,3291,3751,2361,0371,7731,657
Trade Receivables10611176204170115156149120132
Cash Equivalents 46585928677910469530357
Others Assets161176236324288368353414382393
Total Assets 2,0802,9232,8573,2953,6603,8374,0324,0795,4135,114

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity -2476659-220209346567583-239450
PBT 47244148204252367380356363350
Adjustment 19114195104951179112194149
Changes in Working Capital -255-263461-485-94-131153229-615-47
Tax Paid -8-46-45-44-44-7-57-123-81-1
Cash Flow From Investing Activity -77-65-131-30-32936-327-192-257-108
Capex -86-71-72-107-90-72-333-208-385-142
Net Investments 23-6673-247107301059
Others 7374813162325
Cash Flow From Financing Activity 1122-528219145-364-217-419902-480
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 170-242-65100-18-198111-1212190
Interest Paid -89-91-63-53-52-45-29-23-36-47
Dividend Paid -50-160-290-49-32-38-47
Others 35335-383172245-122-250-353964-576
Net Cash Flow 11131-31251823-29405-137
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.1521.269.9412.512.5414.6113.849.819.6712.54
ROCE (%)8.916.879.2711.3212.4414.5113.9312.34119.55
Asset Turnover Ratio0.620.710.790.660.610.720.760.80.610.71
PAT to CFO Conversion(x)-0.410.414.92-1.181.061.281.842.35-0.881.16
Working Capital Days
Receivable Days28221525321916171712
Inventory Days244200142167210184158128177167
Payable Days13575641101066645365539

Dalmia Bharat Sugar And Industries Ltd Stock News

Dalmia Bharat Sugar And Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dalmia Bharat Sugar on 23-Jun-2025 12:13 is ₹394.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2025 12:13 the market cap of Dalmia Bharat Sugar stood at ₹3,218.2.
The latest P/E ratio of Dalmia Bharat Sugar as of 23-Jun-2025 12:13 is 8.32.
The latest P/B ratio of Dalmia Bharat Sugar as of 23-Jun-2025 12:13 is 0.99.
The 52-week high of Dalmia Bharat Sugar is ₹582.0 and the 52-week low is ₹290.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dalmia Bharat Sugar is ₹3,746 ( Cr.) .

About Dalmia Bharat Sugar And Industries Ltd

Dalmia Bharat Sugar and Industries Limited has been one of the fastest-growing success stories in the Indian sugar industry. The company’s foray into the sugar business was made in the mid-90s and the first unit of 2500 TCD was set up at Ramgarh, a village in the Sitapur district of Uttar Pradesh in 1994.

During 2006-2007, the company embarked on a major growth path by setting up two greenfield plants at Jawaharpur (Dist. Sitapur, U.P.) and Nigohi (Dist. Shahjahanpur, U.P.) and expanding existing facilities at the Ramgarh unit.

It is now a fully integrated player with 120 MW of co-generation capacity and a distillery of 255 KLPD along with incineration boilers. It also has facilities for processing of raw sugar.

These state-of-the-art facilities serve as a role model for the sugar industry since the company has achieved excellence in plant operational metrics and holds a technological leadership position in the industry.

Dalmia Bharat Sugar and Industries Limited has robust quality systems and has also embarked upon 5S and TPM initiatives to create world-class systems and processes. After having received wide acceptance for its world-class systems, it now produces high-quality sugar which has found wide acceptance in markets in U.P. and Eastern India.

The company is a preferred sugar supplier to brand-enhancing institutional giants such as Coca-Cola, PepsiCo, Mondelez, Perfetti, Britannia, Wal-Mart India, Dabur, D-Mart, India Glycols Allied Blenders & Distillers, United Breweries, Carlsberg, SABMiller and many others in the alcohol segment. It also exports to various locations like Indonesia, Malaysia, Bangladesh, Sri Lanka, Nepal, Bhutan, Middle East, Mediterranean countries, East Africa etc.

The team has taken up several initiatives to drive sustainable growth through water conservation and alternative energy solutions. This has led to lasting competitive advantage and efficiencies in all aspects of operations. It has also taken on a proactive role at the industry level and has been instrumental in driving many policies and regulatory changes in the sugar, ethanol and renewable energy sector.

It is under the leadership of Gautam Dalmia that the sugar business has consistently been performing beyond expectations. He has been instrumental in driving Dalmia Sugar’s growth across the country by taking the business at the forefront of technological and operational excellence.

Business area of the company

The company is mainly engaged in manufacturing of sugar, generation of power, manufacturing of Industrial alcohol and manufacturing of refractory products.

Products segments

Sugar: Dalmia Bharat Group’s foray in to the sugar business was made in the mid-nineties. It has at present five sugar units, of which three are located in the largest sugar producing state of Uttar Pradesh and two are in Maharashtra. It is the only company in India to have manufacturing facilities in two non-contiguous states in India.

Dalmia Sanjeevani Hand Sanitiser: To meet the growing demand of hand sanitisers due to the ongoing pandemic of COVID-19, DBSIL is manufacturing alcohol-based hand sanitisers as per the WHO recommended formulation. Dalmia Sanjeevani Hand Sanitiser is an alcohol-based sanitiser containing 80% ethyl alcohol content which is very effective against viruses.

Dalmia Utsav - A Range of Superior Quality Cane Sugar: With a vision to expand its reach to the consumers, Dalmia Bharat Sugar and Industries Limited (DBSIL) has  launched its packaged sugar under the brand name “Dalmia Utsav”.‘Dalmia Utsav’ signifies “Celebrating Purity” and DBSIL aims to provide high-quality sugar to consumers by using a world-class and eco-friendly production process in line with Dalmia Bharat Group’s commitment towards Quality and Sustainability.

Power Business: Dalmia Sugar and Industries Limited has an integrated business model to de-risk itself from the cyclical nature of the sugar industry. Bagasse, a residue left after the extraction of juice from sugarcane, has high calorific value and is used in the generation of electricity, substituting the conventional thermal alternatives and eliminating the emission of greenhouse gases.

Ethanol: Molasses is distilled to produce different kinds of alcohol and the company produces various types of alcohol i.e. Rectified spirit (RS), Extra neutral alcohol (ENA)/Hydrous Alcohol, Ethanol or Anhydrous Ethanol and Denatured spirit (SDS).

Organic Manure: The main customers of organic manure for DBSIL are farmers and tea estates. Its bio-composting facility can produce about 20,000 MT of organic manure per annum. It has an in-house availability of press mud, which is key raw material, from its own sugar factories. This allows for smooth production of good quality organic manure.

Milestones

  • 1994: First sugar plant commissioned in Ramgarh (2,500 TCD capacity).
  • 2000: Ramgarh plant capacity increased to 5,000 TCD.
  • 2007: Jawaharpur and Nigohi sugar units commissioned. Commissioned co-generation plants (79MW) at Ramgarh, Nigohi and Jawaharpur. Commissioned 80 KLPD distillery in Jawaharpur.
  • 2012: Acquired the Kolhapur unit in September 2012.
  • 2015: Commenced commercial production at Ninaidevi in November 2015.
  • 2016: Commissioned a distillery in Kolhapur.
  • 2019: Increased Jawaharpur distillery capacity to 120KLPD and commissioned the Nigohi distillery (60KLPD). Aggregated the Sangli and Kolhapur unit capacities at 10,700 TCD.
  • 2020: Launched a sugar refinery of 1200 TPD at the Nigohi unit.
  • 2020: Distillery capacity at Nigohi expanded to 110 KLPD.
  • 2022: Brownfield projects successfully and punctually commissioned including expansion of the sugar capacity at Jawaharpur and Nigohi units along with a refinery at Jawaharpur despite the COVID pandemic.
  • 2022: Jawaharpur and Kolhapur distilleries expanded to 220 KLPD and 120 KLPD, respectively.
  • 2022: Ramgarh distillery of 140 KLPD commissioned.
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