DOLLEXFast Moving Consumer Goods

Dollex Agrotech Limited

Sugar · ISIN INE0JHH01011 · BSE 544908 · NSE EQ · FV ₹10
Last price
₹38
+0.63%today
What this company does

Dollex Agrotech Limited operates in Sugar, part of the Fast Moving Consumer Goods sector. It booked ₹40 cr of revenue in its latest quarter (Q1 FY27) and kept 3.2% of sales as profit.

29out of 100
Equitytale Health Score
Fragile

Healthier than 29% of companies in Fast Moving Consumer Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 27–149 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)
58

At close. Not part of the score.

Profitability & returns26

How much profit it earns on the money it employs

Balance sheet21

How much it owes, and whether earnings cover the interest

Cash quality8

Whether reported profit actually arrives as cash

Valuation52

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

Governance & risk44

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 54%
Watch-outs
! Thin 3.2% net margin
! 88.5% of promoter stake pledged
! Low 6.1% return on equity
! Carries high debt (D/E 1.9)
! Operating cash flow is negative

What if I invest in DOLLEX?

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 We do not publish price targets or predict returns.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
₹38▲ +0.63%
latest close · 2026-10-01
52-wk low ₹2948 sessions so far52-wk high ₹40
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 ratio29.9Average
LowAverageHigh
P/B ratio1.82Moderate
Below bookModerateHigh
EV / EBITDA29.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.1%Weak
WeakFairStrong ▸15%
Return on capital4.0%Weak
WeakFairStrong
Net margin3.2%Thin
ThinDecentStrong
EBITDA margin6.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.87High
LowModerateHigh ▸1
Interest cover3.1×Okay
RiskyOkayStrong ▸5×
Current ratio1.69Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹153 cr
Book value
₹21
EPS
₹0.32
latest quarter
Net debt
₹155 cr
owes more than its cash
Enterprise value
₹308 cr
EBITDA
₹11 cr
annualised
EBIT
₹11 cr
annualised
Operating margin
6.6%
Return on assets
1.2%
Earnings yield
3.35%
P/S
0.96
Sales / share
₹40.0
Tax rate
28.0%
Face value
₹10
Shares
4.0 cr
Working capital
₹105 cr
Current assets
₹256 cr
Current liabilities
₹151 cr
Delivery %
79.1%
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 2026-10-01.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹13–₹13, midpoint ₹13

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₹40 cr
Other Income₹0.29 L
Total Income₹40 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹23 cr
Inventory Change (±)₹11 cr
Employee Benefit Expense₹99.9 L
Finance Costs₹86.2 L
Other Expenses₹90.8 L
Total Expenses₹38 cr
Profit before Tax₹2 cr
Tax Expense₹49.6 L
Net Profit₹1 cr
Net margin on total income3.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹35 cr86.7%
Employee benefit expense₹99.9 L2.5%
Finance costs₹86.2 L2.2%
Other expenses₹2 cr4.2%
Tax expense₹49.6 L1.2%
Profit for the period₹1 cr3.2%
Total income ₹40 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue27 cr109 cr40 cr
Total income27 cr109 cr40 cr
Expenses25 cr102 cr38 cr
Profit before tax2 cr6 cr2 cr
Tax7.7 L2 cr49.6 L
Net profit (owners' share)2 cr5 cr1 cr
Net margin (owners' share, on revenue)6.1%4.3%3.2%
EPS (₹)0.591.250.32
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹414 cr
Shareholder equity
₹84 cr
parent shareholders
Total debt
₹157 cr
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹-11 cr
Investing
₹-23 cr
Financing
₹52 cr
Peer comparison
Sugar · by market value
CompanyPriceMarket capP/E
Bajaj Hindusthan Sugar Limited₹20₹15,691 cr—
Balrampur Chini Mills Limited₹663₹14,004 cr76.7
Triveni Engineering & Industries Limited₹236₹5,195 cr346.6
Shree Renuka Sugars Limited₹22₹4,658 cr—
Bannari Amman Sugars Limited₹3,300₹4,138 cr—
Dalmia Bharat Sugar and Industries Limited₹409₹3,309 cr120.2
Dhampur Bio Organics Limited₹126₹2,220 cr—
Avadh Sugar & Energy Limited₹800₹1,602 cr1,667.1
Dhampur Sugar Mills Limited₹171₹1,102 cr45.6
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
⚑ 88.5% pledged
Promoter
54.2%
Public
45.8%
Smart-money activity
Bulk / block deals
SoldSANTAN INVESTMENT ADVISORY LLP · NSE2.20 L @ ₹31.7810 Aug 26
BoughtSANTAN INVESTMENT ADVISORY LLP · NSE92,000 @ ₹32.610 Aug 26
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 · 27 Aug 2026
See the official result
1
To receive, consider and adopt Audited Standalone Financial Statements of the Company for the financial year ended 31 March 2026 together with the reports of the Board of Directors and Auditors thereon
This filing does not break the votes down by shareholder group.
2
Re- appointment of Mrs. Munni Khan (DIN : 00027334), who retires by rotation, and being eligible, offers herself for re-appointment
Promoters had a personal stake in this
This filing does not break the votes down by shareholder group.
3
To Ratify the Remuneration payable to Cost Auditors for the Financial Year 2026-27.
This filing does not break the votes down by shareholder group.
4
To Consider and approve the Appointment of Mr. Narendra Gupta (DIN: 11741764) as an Independent Director of the Company
This filing does not break the votes down by shareholder group.

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 — 6 named members
owning 54.2% between them · as of 2026-06-30
MEHMOOD KHAN27.01%
MUNNI KHAN17.52%
R.K. TANKERS PVT LTD6.91%
MARIUM LEASING AND INVESTMENT PVT LTD2.48%
ANIS KHAN0.25%
KHUSRO NISAR0.03%

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.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹49 cr raised in Jun 2025 by offering new shares to existing shareholders

As of Dec 2025, the company says it has spent 82% of what it set aside. Acuite Ratings and Research Limited watches the spending on the exchange’s behalf.

Working Capital for Ethanol Plant
100%
of what was set aside
Requirements for Installation for Ethanol Plant
100%
of what was set aside
General Corporate Purposes (GCP)
10%
of what was set aside
Issue Related Expenses
100%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

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