Dalmia Bharat SUG in Ltd
NSE: DALMIASUG · Sugar · sector
₹414.65NSE close 2026-10-26
Key numbers
Market cap₹3,357 cr
Price₹414.65
52w high / low₹520 / ₹261
P/E16.5xSector median 12.9x
P/B1.0xSector median 0.9x
Book value₹400.6
Dividend yield1.45%Sector median 0.91%
ROE6.3%Sector median 6.3%
ROCE7.0%Sector median 6.8%
OPM10.8%Sector median 6.0%
Debt / equity0.55xSector median 0.72x
EV/EBITDA12.4xSector median 11.8x
Interest cover4.7x
Current ratio1.58x
Sales growth 3y+3.6%Sector median -1.4%
Profit growth 3y-1.8%Sector median -11.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 35 companies in Sugar (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹434 cr vs borrowings ₹1,791 cr (FY26): borrowings are higher by ₹1,357 cr.
- Operating profit covered interest 4.7x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY24).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 54% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹414.65 on 2026-10-26: -20.3% from the 52-week high, +58.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹571.00 · low ₹275.80
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 926 | 841 | 1,018 | 943 | 989 | 698 | 991 | 848 |
| EBITDA | 66 | 98 | 194 | 86 | 56 | 109 | 170 | 43 |
| OPM % | 7.1% | 11.6% | 19.1% | 9.1% | 5.7% | 15.7% | 17.2% | 5.1% |
| Other income | 16 | 23 | 20 | 14 | 20 | 29 | 34 | 28 |
| Net profit | 66 | 60 | 206 | 38 | 23 | 70 | 104 | 8 |
| EPS (₹) | 8.18 | 7.35 | 25.49 | 4.74 | 2.88 | 8.59 | 12.79 | 0.85 |
| Revenue YoY | +6.7% | -17.1% | -2.7% | -10.0% | ||||
| Profit YoY | -64.8% | +17.1% | -49.4% | -79.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,018 | 3,252 | 2,899 | 3,746 | 3,618 | 3,525 |
| EBITDA | 448 | 437 | 412 | 469 | 426 | 379 |
| Net profit | 296 | 250 | 272 | 387 | 237 | 205 |
| EPS (₹) | 36.54 | 30.90 | 33.66 | 47.78 | 29.12 | 25.11 |
| Revenue growth | +7.7% | -10.8% | +29.2% | -3.4% | -5.4% | |
| Profit growth | -15.4% | +9.0% | +41.9% | -38.8% | -44.6% | |
| Dividend / share (₹) | 6.00 | 4.00 | 4.75 | 5.75 | 6.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.6% | +6.1% | -5.4% |
| Net profit | -1.8% | -2.6% | -44.6% |
| EPS | -2.0% | -2.7% | – |
| Share price | – | -3.7% (2y) | +26.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,705 | 2,932 | 3,235 | 3,242 |
| Borrowings | – | 454 | 1,430 | 1,044 | 1,791 |
| Cash & equivalents | – | 169 | 530 | 357 | 434 |
| Total assets | – | 3,803 | 5,162 | 4,863 | 5,521 |
| Fixed assets | – | 1,652 | 1,828 | 1,784 | 1,738 |
| Capital work in progress | – | 21 | 133 | 188 | 47 |
| Investments | – | 636 | 629 | 583 | 1,237 |
| Receivables | – | 149 | 120 | 132 | 180 |
| Inventory | – | 1,037 | 1,773 | 1,657 | 1,693 |
| Payables | – | 208 | 383 | 199 | 155 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 567 | 583 | -239 | 450 | 219 |
| Cash from investing | -327 | -192 | -257 | -108 | -851 |
| Cash from financing | -217 | -419 | 902 | -480 | 664 |
| Capex | 333 | 218 | 366 | 142 | 124 |
| Free cash flow | 234 | 365 | -606 | 309 | 95 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.2% | 9.3% | 12.0% | 7.3% |
| ROCE % | – | 12.4% | 9.5% | 9.6% | 7.6% |
| Debtor days | – | 17 | 15 | 13 | 18 |
| Inventory days | – | 163 | 329 | 222 | 233 |
| Payable days | – | 33 | 71 | 27 | 21 |
| Cash conversion cycle (days) | – | 147 | 273 | 208 | 230 |
| Working capital days | – | 100 | 112 | 133 | 89 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.91% |
| FIIs | 0.89% |
| DIIs | 0.33% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Government | 0.16% |
| Public (non-institutions) | 23.71% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% |
| Promoter group | % |
|---|---|
| Samagama Holdings and Commercial Private Limited | 44.32% |
| Dalmia Bharat Limited | 18.32% |
| Vanika Commercial and Holdings Private Limited | 10.73% |
| J.H. Dalmia Trust | 0.69% |
| Y.H. Dalmia Parivar Trust | 0.40% |
| Shri Gautam Dalmia | 0.19% |
| Alirox Abrasives Limited | 0.15% |
| Sukeshi Dalmia Jaipuria | 0.05% |
| Kavita Dalmia Parivar Trust | 0.05% |
| SMT. Anupama Dalmia | 0.01% |
| Y H DALMIA (c/o Y. H. DalmiaHUF) | 0.00% |
| SMT. Kavita Dalmia | 0.00% |
| SMT. Bela Dalmia | 0.00% |
| Smt. Vaidehi Dalmia | 0.00% |
| Shri Yadu Hari Dalmia | 0.00% |
| Public holders above 1% | % |
|---|---|
| Anil Kumar Goel | 5.23% |
| Investor Education and Protection Fund | 1.76% |
| Seema Goel | 1.52% |
42,927 shareholders. Pledged: 0.00% of promoter shares.
Peers in Sugar
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BALRAMCHIN | ₹13,212 cr | 34.1x | 3.2x | 9.3% | 8.1% | 11.3% | +10.4% | 0.53% |
| TRIVENI | ₹4,979 cr | 17.7x | 1.5x | 8.7% | 8.3% | 7.0% | +6.5% | 1.75% |
| BANARISUG | ₹4,029 cr | 33.1x | 2.1x | 6.6% | 7.3% | 9.3% | -8.8% | 0.39% |
| RENUKA | ₹3,858 cr | – | – | – | -2.7% | 0.3% | +0.5% | – |
| DALMIASUG | ₹3,357 cr | 16.5x | 1.0x | 6.3% | 7.0% | 10.8% | +3.6% | 1.45% |
| BAJAJHIND | ₹2,606 cr | 12.9x | 0.7x | 2.9% | 0.8% | 4.8% | -4.9% | – |
| AVADHSUGAR | ₹1,627 cr | 24.7x | 1.4x | 5.9% | 6.8% | 8.2% | -1.3% | 1.23% |
| UTTAMSUGAR | ₹1,179 cr | 13.6x | 1.3x | 10.4% | 10.2% | 9.3% | +2.3% | 0.87% |
| DHAMPURSUG | ₹1,095 cr | 15.6x | 0.9x | 6.0% | 6.8% | 6.4% | -0.8% | 0.02% |
| DBOL | ₹806 cr | 9.5x | 0.8x | 8.2% | 5.4% | 4.2% | +5.7% | 1.02% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Sugar | ₹2,950 cr | 70.7% | ₹279 cr | 9.5% |
| Distiller | ₹1,214 cr | 29.1% | ₹97 cr | 8.0% |
| Others | ₹7 cr | 0.2% | ₹7 cr | 93.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-03 | Dividend | Dividend - Rs 1.50 Per Share |
| 2026-02-11 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2025-10-31 | Restructuring | Demerger |
| 2025-06-30 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2025-02-17 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2024-07-03 | Dividend | Dividend - Rs 1.25 Per Share |
| 2024-02-16 | Dividend | Interim Dividend - Rs 3.75 Per Share |
| 2023-08-04 | Dividend | Dividend - Re 1 Per Share |
| 2023-02-15 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2022-07-27 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2022-02-15 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2021-09-13 | Dividend | Dividend - Rs 3 Per Sh |
| 2020-09-10 | Other | Annual General Meeting |
| 2020-02-25 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2019-08-20 | Dividend | Annual General Meeting/Dividend - Rs 1.60 Per Share |
| 2018-09-06 | Other | Annual General Meeting |
| 2017-08-23 | Dividend | Dividend - Rs 2/- Per Share |
| 2016-09-01 | Other | Annual General Meeting |
| 2016-03-22 | Dividend | Interim Dividend - Re 0.60/- Per Share (Purpose Revised) |
| 2015-08-14 | Other | Annual General Meeting |
Documents
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Annual report FY21
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Food, beverages and tobacco products and power
- Manufacturing: Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products
| Sector | Fast Moving Consumer Goods |
| Industry | Sugar |
| Sub-industry | Sugar |
| Symbol | DALMIASUG |
| BSE code | 500097 |
| ISIN | INE495A01022 |
| Face value | ₹2.0 |
| Incorporated | 1951-11-01 |
| Website | www.dalmiasugar.com |
| Plants (India / abroad) | 6 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.