DALMIASUGFast Moving Consumer Goods

Dalmia Bharat Sugar and Industries Limited

Sugar · ISIN INE495A01022 · BSE 500097 · NSE EQ · FV ₹2
Last price
₹391
-0.66%today
What this company does

Dalmia Bharat Sugar and Industries Limited operates in Sugar, part of the Fast Moving Consumer Goods sector. It booked ₹848 cr of revenue in its latest quarter (Q1 FY27) and kept 0.9% of sales as profit. It is the 6th largest of 9 Sugar companies we track, by market value.

In the report:
43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 89–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns17

How much profit it earns on the money it employs

Balance sheet32

How much it owes, and whether earnings cover the interest

Cash quality52

Whether reported profit actually arrives as cash

Growth & consistency58

Whether sales and profit have grown, and how steadily

Valuation36

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 75%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 0.9% net margin
! Sales down 8% vs last year
! Profit down 88% vs last year
! Low 1.0% return on equity

What if I invest in DALMIASUG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹391 -0.66%
latest close · 2026-09-17
1-year return
-11.7%
52-wk low ₹28152-wk high ₹570
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio114.9High
LowAverageHigh
P/B ratio0.97Below book
Below bookModerateHigh
EV / EBITDA16.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.0%Weak
WeakFairStrong ▸15%
Return on capital3.6%Weak
WeakFairStrong
Net margin0.9%Thin
ThinDecentStrong
EBITDA margin8.3%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.55Moderate
LowModerateHigh ▸1
Interest cover1.4×Risky
RiskyOkayStrong ▸5×
Current ratio1.58Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹3,161 cr
Book value
₹401
EPS
₹0.85
latest quarter
Net debt
₹1,463 cr
owes more than its cash
Enterprise value
₹4,624 cr
EBITDA
₹283 cr
annualised
EBIT
₹146 cr
annualised
Operating margin
4.3%
Return on assets
0.6%
Earnings yield
0.87%
P/S
0.93
Sales / share
₹419.1
Tax rate
29.7%
Face value
₹2
Shares
8.1 cr
Working capital
₹887 cr
Current assets
₹2,415 cr
Current liabilities
₹1,528 cr
Delivery %
37.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 11% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹239₹549, midpoint ₹394

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹848 cr
Other Income₹28 cr
Total Income₹876 cr
Cost of Materials₹161 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹529 cr
Employee Benefit Expense₹50 cr
Finance Costs₹27 cr
Depreciation & Amortisation₹34 cr
Other Expenses₹64 cr
Total Expenses₹866 cr
Profit before Tax₹10 cr
Tax Expense₹3 cr
Net Profit₹7 cr
Net margin on total income0.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹691 cr78.9%
Employee benefit expense₹50 cr5.7%
Finance costs₹27 cr3.0%
Depreciation & amortisation₹34 cr3.9%
Other expenses₹64 cr7.3%
Tax expense₹3 cr0.3%
Profit for the period₹7 cr0.8%
Total income ₹876 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue698 cr991 cr848 cr
Total income726 cr1,025 cr876 cr
Expenses634 cr882 cr866 cr
Profit before tax93 cr143 cr10 cr
Tax23 cr39 cr3 cr
Net profit (owners' share)70 cr104 cr8 cr
Net margin (owners' share, on revenue)10.0%10.5%0.9%
EPS (₹)8.5912.790.85
YoY (latest quarter): total income -7.1% · net profit -88.3%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹5,521 cr
Shareholder equity
₹3,242 cr
parent shareholders
Total debt
₹1,791 cr
Cash
₹328 cr
Cash flow · H1 FY25
Operating
₹781 cr
Investing
₹-92 cr
Financing
₹-1,115 cr
Peer comparison
Sugar · by market value
CompanyPriceMarket capP/E
Bajaj Hindusthan Sugar Limited₹19₹15,563 cr
Balrampur Chini Mills Limited₹676₹14,275 cr78.2
Triveni Engineering & Industries Limited₹232₹5,123 cr341.8
Shree Renuka Sugars Limited₹23₹4,854 cr
Bannari Amman Sugars Limited₹3,303₹4,142 cr
Dalmia Bharat Sugar and Industries Limitedthis company₹391₹3,161 cr114.9
Dhampur Bio Organics Limited₹116₹2,039 cr
Avadh Sugar & Energy Limited₹721₹1,443 cr1,502.1
Dhampur Sugar Mills Limited₹152₹976 cr40.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.54%
trailing 12 months
Dividend / share (TTM)
₹6
Last dividend
₹1.5
ex 3 Jul 2026
ActionDetailEx-date
Dividend₹1.5 / share3 Jul 2026
Dividend₹4.5 / share11 Feb 2026
Dividend₹1.5 / share30 Jun 2025
Dividend₹4.5 / share17 Feb 2025
Dividend₹1.25 / share3 Jul 2024
Dividend₹3.75 / share16 Feb 2024
Who owns it · 2026-06-30
No pledge
Promoter
74.9%
FII / Foreign
0.5%
DII / Domestic
0.3%
Retail / others
24.3%
Smart-money activity
Insider trades
BoughtKeshav Power Limited · Promoter Group513 Jun 25
BoughtKeshav Power Limited · Promoter Group513 Jun 25
BoughtJ.H. Dalmia Trust · Promoter Group5.55 L29 Nov 21
Bulk / block deals
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE4.52 L @ ₹399.083 Aug 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE4.52 L @ ₹399.333 Aug 26
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE5.83 L @ ₹400.251 Apr 26
Stake changes
BoughtKeshav Power Ltd · promoter→ 0.00% · 513 Jun 25
Boughtof Kavita Dalmia Parivar Trust (KDPT) alongwith PAC · promoter→ 74.91%16 Nov 23
BoughtJ H Dalmia Trust along with PAC · promoter→ 74.91%29 Nov 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 7 Jul 2025
See the official result
1
To adopt the audited Financial Statements of the Company for the Financial year ended 31st March, 2025and the Reports of the Auditors and Directors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
61.31 L votes for, 39 against · 0% of mutual funds and other big investors said no
2
To declare the final dividend of Rs.1.50 per equity share having Face value of Rs.2/- for the financial year 2024-25.
Backed by 100% of shareholders other than promotersneeded 50%
61.41 L votes for, 39 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Bharat Bhushan Mehta (DIN 00006890), who retires by rotation and being eligible offers himself for re- appointment.
Backed by 99% of shareholders other than promotersneeded 50%
60.67 L votes for, 74,539 against · 20% of mutual funds and other big investors said no
4
To appoint a Director in place of Shri Thyagarajan Venkatesan (DIN 00124060), who retires by rotation and being eligible offers himself for re- appointment.
Backed by 99% of shareholders other than promotersneeded 50%
60.77 L votes for, 64,015 against · 17% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 65 named members
owning 74.9% between them · as of 2026-06-30
SAMAGAMA HOLDINGS AND COMMERCIAL PRIVATE LIMITED44.32%
DALMIA BHARAT LIMITED18.32%
VANIKA COMMERCIAL AND HOLDINGS PRIVATE LIMITED10.73%
J.H. Dalmia Trust 0.69%
Y.H. Dalmia Parivar Trust0.40%
SHRI GAUTAM DALMIA0.19%
ALIROX ABRASIVES LIMITED0.15%
Kavita Dalmia Parivar Trust0.05%
Business done with them
FY2026 · 3 of the group
The company paid ₹36 cr to companies in the promoter group last year — about 1.0% of its ₹3,618 cr revenue and received ₹3 cr back from them.
SHRI GAUTAM DALMIA
Other payments to them · Salary & Perquisites
also owns 0.19% of the company
₹15 cr
company paid
DALMIA BHARAT LIMITED
Bought goods from them · Sale of goods, Reimbursement of Expenses, Purchase of Goods
also owns 18.32% of the company
₹11 cr
company paid
DALMIA BHARAT LIMITED
Other payments to them · Sale of goods, Reimbursement of Expenses, Purchase of Goods
also owns 18.32% of the company
₹9 cr
company paid
DALMIA BHARAT LIMITED
Other income from them · Sale of goods, Reimbursement of Expenses, Purchase of Goods
also owns 18.32% of the company
₹3 cr
company received
DALMIA BHARAT REFRACTORIES LIMITED
Bought goods from them · Sale of goods, Reimbursement of Expenses, Purchase of Goods
₹95 L
company paid
DALMIA BHARAT LIMITED
Description Of Nature Of Related Party Relationship · Sale of goods, Reimbursement of Expenses, Purchase of Goods
also owns 18.32% of the company
₹0 L
company received
DALMIA BHARAT REFRACTORIES LIMITED
Description Of Nature Of Related Party Relationship · Sale of goods, Reimbursement of Expenses, Purchase of Goods
₹0 L
company received
SHRI GAUTAM DALMIA
Description Of Nature Of Related Party Relationship · Salary & Perquisites
also owns 0.19% of the company
₹0 L
company received

The company also transacted with 16 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.