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Dhampur Sugar Mills Ltd (DHAMPURSUG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500119 NSE: DHAMPURSUG Sugar | Small Cap | Dhampur Sugar Mills Share Price

₹139.30 1.25 (0.91%)

As on 04-Jun'26 16:59

Dhampur Sugar Mills Ltd (DHAMPURSUG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500119 NSE: DHAMPURSUG Sugar | Small Cap | Dhampur Sugar Mills Share Price

₹139.30 1.25 (0.91%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹896 Cr.
Current Price
₹139.3
52-Week Low / High
₹110 / 167
TTM EPS
₹10
TTM Sales
₹2,807 Cr.
Book Value per Share
₹185.2
P/E Ratio
13.98
Higher than its 5-year historical median
Industry PE
24.5
Price to Book (P/B)
0.75
Lower than its 5-year historical median
Price to Sales (P/S)
0.32
Lower than its 5-year historical median
EV/EBITDA
9.02
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
4.65%
Underperforms industry median
Return on Capital Employed (ROCE)
6.27%
Underperforms industry median
Return on Assets (ROA)
2.14%
Operating Profit Margin
8.6%
Net Profit Margin
2.67%
Gross Profit Margin
5.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-9.74%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-36.5%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-60.76%
Asset Quality
Promoter Holding
49.87%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,127 Cr.
Equity
₹64.3 Cr.
Face Value
₹10
All Time Low / High
₹6.48 / 584.00

Dhampur Sugar Mills stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Dhampur Sugar Mills Ltd a good quality company?
Dhampur Sugar Mills Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Dhampur Sugar Mills Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Dhampur Sugar Mills Ltd vs industry peers?
Dhampur Sugar Mills Ltd revenue CAGR is -10.23%, compared to the industry median CAGR of 2.83%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Dhampur Sugar Mills Ltd?
Promoters hold 49.87% of the Dhampur Sugar Mills Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Dhampur Sugar Mills Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.4% based on the current price.

10 Year X-Ray :

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.
Dhampur Sugar Mills Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.9%20.2%12.7%15.4%10.5%8.3%11.4%14.8%12.4%6.3%-
Value Creation
Index
-0.30.4-0.10.1-0.3-0.4-0.20.1-0.1-0.6-

Growth Parameters

Sales 2,1832,5343,2792,7543,3532,1581,9392,4122,1661,9552,807
Sales YoY Gr.-16.1%29.4%-16%21.7%-35.6%-10.1%24.4%-10.2%-9.7%-
Adj EPS 3.835.423.63931.920.72223.218.67.510
YoY Gr.-834.6%-33.5%65.3%-18.2%-35%6.1%5.6%-19.7%-59.9%-
BVPS (₹) 68.5137.2153.1187.3207.1235.4133.9156.5167.5175.5185.2
Adj Net
Profit
22.823515625921113714615412248.864
Cash Flow from Ops. 164-50805-177356878-3.7380-48.3200-
Debt/CF from Ops. 10.1-38.31.8-10.34.91.3-238.91.9-19.94.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -1.2%-10.2%0.3%-9.7%
Adj EPS 7.8%-25.2%-30.2%-59.9%
BVPS11%-3.3%9.5%4.8%
Share Price 3.7% -15.6% -18.4% -7.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
428.816.222.916.29.411.91611.44.45.5
Op. Profit
Mgn %
1020.611.117.410.812.815.212.512.28.66.1
Net Profit
Mgn %
1.19.34.89.46.36.47.56.45.62.52.3
Debt to
Equity
3.92.11.41.51.30.710.70.90.80.1
Working Cap
Days
26424019125123734427315316016264
Cash Conv.
Cycle
1351631181531401691388410912221

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2,1832,5343,2792,7543,3532,1581,9392,4122,1661,955
Operating Expenses + 1,9672,0132,9152,2772,9911,8811,6452,1151,9021,787
Manufacturing Costs1321341421541418097117135121
Material Costs1,6891,6732,5741,8912,5871,6081,3851,8471,6111,522
Employee Cost 811211181381206261717273
Other Costs 65858094144132102818370
Operating Profit 217521364478362277294296265168
Operating Profit Margin (%) 9.9%20.6%11.1%17.3%10.8%12.8%15.2%12.3%12.2%8.6%
Other Income + 30292932531511173223
Exceptional Items 1000-16-17-10000
Interest 1641711251031204251464754
Depreciation 55545770755150525962
Profit Before Tax 3732521132120319920521519075
Tax 6905466-85558655823
Profit After Tax 3223515725521114314715013352
PAT Margin (%) 1.5%9.3%4.8%9.3%6.3%6.7%7.6%6.2%6.1%2.7%
Adjusted EPS (₹)5.335.423.738.431.821.622.122.620.38.0
Dividend Payout Ratio (%)0%17%12.70%16.90%18.80%27.80%27.10%26.50%0%0%

Valuation of Dhampur Sugar Mills - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

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

Equity and Liabilities

Shareholders Fund + 7229111,0161,2431,3751,5638881,0391,0951,147
Share Capital 75666666666666666565
Reserves 6478459501,1771,3091,4968229721,0301,082
Debt +1,4741,7971,3521,6691,6171,031823663885843
Long Term Debt546523421530417320234217165143
Short Term Debt9281,2749311,1391,201711589446720700
Minority Interest0000000000
Trade Payables457253502561565594231181104133
Others Liabilities 503493342409312545416425366308
Total Liabilities 3,1573,4543,2123,8823,8703,7322,3592,3082,4502,431

Fixed Assets

Net Fixed Assets +1,4941,4921,5921,5931,6351,6121,0001,0461,1511,133
Gross Block2,2462,2942,4482,5172,6352,6821,6361,7181,8691,898
Accumulated Depreciation7528028569251,0001,069636672719765
CWIP 2827243472129103179
Investments 1237332713524727
Inventories1,2621,4771,1461,6561,6041,293818667917899
Trade Receivables256225243315309307200195160148
Cash Equivalents 18181010967555119123
Others Assets 8721119024227841825224413992
Total Assets 3,1573,4543,2123,8823,8703,7322,3592,3082,4502,431

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 164-50805-177356878-4380-48200
PBT 2732521132120332120521519075
Adjustment 20420517717919716698937995
Changes in Working Capital -68-510474-6214428-272111-28944
Tax Paid 0-70-56-55-48-36-34-39-28-14
Cash Flow From Investing Activity + -43-56-166-88-71-83-91-144-9222
Capex -49-55-142-81-61-84-88-149-53-18
Net Investments 3-01211-50-4336
Others 3-1-25-9-11-01544
Cash Flow From Financing Activity + -117106-648265-285-73877-243109-111
Net Proceeds from Shares 45900000000
Net Proceeds from Borrowing 29-100-124186-152-114-5-10-37-33
Interest Paid -166-179-129-103-120-91-49-46-46-53
Dividend Paid 0-20-51-28-72-40-0-40-40-0
Others 16346-34420958-494132-147232-25
Net Cash Flow 4-0-90056-17-7-31111

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.1235.516.3122.5716.159.7711.9915.612.464.65
ROCE (%)9.8720.2212.6915.3610.468.2811.4214.7712.446.27
Asset Turnover Ratio0.740.8110.780.880.590.721.211.111.09
PAT to CFO Conversion(x)5.13-0.215.13-0.691.696.14-0.032.53-0.363.85
Working Capital Days
Receivable Days38.3032.9025.7036.9033.5050.4042.1025.5024.5021.20
Inventory Days201.60187.50144.10185.60175.30236.70175.2095.90109.30124.80
Payable Days122.3077.4053.50102.6079.50131.60108.7040.8032.3028.40

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Dhampur Sugar Mills Ltd FAQs

The current trading price of Dhampur Sugar Mills on 04-Jun-2026 16:59 is ₹139.3.

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 03-Jun-2026 the market cap of Dhampur Sugar Mills stood at ₹895.8 Cr

The latest P/E ratio of Dhampur Sugar Mills as of 03-Jun-2026 is 13.98.

The latest P/B ratio of Dhampur Sugar Mills as of 03-Jun-2026 is 0.75.

The 52-week high of Dhampur Sugar Mills is ₹167.0 and the 52-week low is ₹110.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhampur Sugar Mills is ₹2,807 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dhampur Sugar Mills Ltd is a average quality company.

The key valuation ratios of Dhampur Sugar Mills Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About Dhampur Sugar Mills Ltd

Dhampur Sugar Mills incorporated in 1933 is engaged in manufacturing sugar, ethanol, chemicals and plantation white sugar. The company is managed by Chairman Mr.V.K.Goel.

In 1933, the company started with a production capacity of 300 TCD. Today the Dhampur Group has a combined capacity of 39,500 TCD. Company also operates captive power plant of 125 MV capacity.

Company’s R&D facility has successfully introduced various technologies namely Fibrizors, Pressure Feeders, Fiber based single tandem, Pressure Evaporation System with Falling Film Type Evaporator Bodies, Vertical Continuous Pans etc.

Dhampur Sugar is the first and the largest manufacturer of refined sulphurless sugar in the India. Company’s captive power generation capacity is amongst the largest in India.

It has also emerged as the highest ethanol manufacturing capacity relative to its cane crushing capacity, in the country.

Company’s manufacturing facilities are located at Dhampur, Mansurpur, Asmoli and Rajpura, all in Uttar Pradesh.

In 2010, Dhampur Sugar Mills acquired Dhampur Sugar Distillery Private Limited. DSDPL become the wholly owned subsidiary company.

Products

Sugar- Being pioneer in manufacturing of Sulphurless Refined Sugar, the company uses Defeco Remelt Process in which the sugar, after it has crystallized, is melted all over again and all the impurities are removed without the use of sulphur. The company also manufactures Mill White Sugar.

Ethanol- Ethanol is a product that is generated from sugarcane molasses and juice, prepared by fermentation and distillation processes. Currently company produces 5% ethanol blend. It has a manufacturing capacity of 270 KL per Day.

Chemicals- Company produces chemicals with manufacturing capacity such as Industrial Alcohol (170 KL/day), Extra Neutral Alcohol (60 KL/day), Carbon Dioxide (20 MT/day), Acetaldehyde (50 MT/day), Acetic Acid (35 MT/day), Acetic Anhydride (15 MT/day) and Ethyl Acetate (55 MT/day).

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