DALMIASUG

Dalmia Bharat Sugar and Industries Limited

Integrated sugar producer with co-generation and distillery ethanol business

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products›Sugar

dalmiasugar.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹481.40
Market cap
3,897 Cr
Stock P/E
16.5 · FY26
P/B
1.20
Dividend yield
1.2%
ROE (FY26)
7.3%
ROCE (FY26)
7.6%
Operating margin (FY26)
8.0%
Debt / equity (FY26)
0.55
OCF / EBITDA (FY26)
51.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Dalmia Bharat Sugar (a Dalmia Bharat Group company) makes and sells sugar and distillery products such as ethanol, and also runs a co-generation power business.

Company snapshot

6thBy market cap

Ranked among 27 companies in Sugar.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 84.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Distillery
38.3%
322 Cr17 Cr917 Cr
Others
0.5%
4 Cr6 Cr533 Cr
Sugar
84.8%
713 Cr62 Cr2,180 Cr

Shares add up to 124% because segment revenues are before inter-segment eliminations.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2021Sept 2021Dec 2021Mar 2022Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Dec 2025Mar 2026Jun 2026
Sales819 Cr728 Cr616 Cr856 Cr584 Cr750 Cr960 Cr926 Cr841 Cr698 Cr991 Cr848 Cr
Operating expenses (approx.)677 Cr641 Cr528 Cr725 Cr474 Cr631 Cr849 Cr861 Cr744 Cr588 Cr821 Cr805 Cr
EBITDA141 Cr87 Cr88 Cr131 Cr109 Cr119 Cr111 Cr66 Cr98 Cr109 Cr170 Cr43 Cr
OPM %17.2%11.9%14.3%15.3%18.7%15.8%11.6%7.1%11.6%15.7%17.2%5.1%
Other income5 Cr20 Cr22 Cr16 Cr27 Cr37 Cr16 Cr16 Cr23 Cr29 Cr34 Cr28 Cr
Interest12 Cr8 Cr6 Cr9 Cr8 Cr16 Cr26 Cr12 Cr9 Cr12 Cr25 Cr27 Cr
Depreciation21 Cr21 Cr24 Cr29 Cr32 Cr33 Cr26 Cr32 Cr35 Cr33 Cr37 Cr34 Cr
Profit before tax113 Cr79 Cr80 Cr108 Cr96 Cr107 Cr75 Cr38 Cr76 Cr93 Cr143 Cr10 Cr
Tax %-10.0%25.0%28.9%48.6%32.1%14.3%27.0%-74.7%21.6%25.2%27.4%29.7%
Net profit124 Cr59 Cr57 Cr56 Cr65 Cr91 Cr55 Cr66 Cr60 Cr70 Cr104 Cr7 Cr
EPS (₹)₹15.36₹7.32₹6.99₹6.87₹8.02₹11.28₹6.76₹8.18₹7.35₹8.59₹12.79₹0.85

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2026TTM
Sales1,764 Cr2,271 Cr2,019 Cr2,035 Cr2,686 Cr3,018 Cr2,899 Cr3,618 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,386 Cr2,037 Cr1,781 Cr1,774 Cr2,214 Cr2,571 Cr2,488 Cr3,193 CrSign in free for the trailing twelve months
EBITDA378 Cr234 Cr237 Cr260 Cr471 Cr448 Cr412 Cr426 CrSign in free for the trailing twelve months
OPM %21.4%10.3%11.7%12.8%17.6%14.8%14.2%11.8%Sign in free for the trailing twelve months
Other income24 Cr25 Cr75 Cr133 Cr54 Cr64 Cr129 Cr94 CrSign in free for the trailing twelve months
Interest102 Cr69 Cr69 Cr88 Cr62 Cr35 Cr50 Cr63 CrSign in free for the trailing twelve months
Depreciation56 Cr54 Cr52 Cr57 Cr96 Cr95 Cr127 Cr136 CrSign in free for the trailing twelve months
Profit before tax244 Cr136 Cr192 Cr247 Cr368 Cr380 Cr363 Cr320 CrSign in free for the trailing twelve months
Tax %23.5%10.2%8.6%21.9%26.5%22.1%25.0%26.2%Sign in free for the trailing twelve months
Net profit186 Cr122 Cr175 Cr193 Cr270 Cr296 Cr272 Cr236 CrSign in free for the trailing twelve months
EPS (₹)₹23.01₹15.11₹21.64₹23.87₹33.40₹36.54₹33.66₹29.12Sign in free for the trailing twelve months
Dividend payout %————0.0%16.4%14.1%20.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2026
Equity capital16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr
Reserves1,245 Cr1,488 Cr1,516 Cr1,503 Cr2,127 Cr2,343 Cr2,916 Cr3,226 Cr
Borrowings1,121 Cr721 Cr978 Cr1,193 Cr916 Cr819 Cr1,430 Cr1,791 Cr
Other liabilities552 Cr687 Cr680 Cr727 Cr674 Cr645 Cr800 Cr495 Cr
Total liabilities2,935 Cr2,913 Cr3,189 Cr3,438 Cr3,733 Cr3,822 Cr5,162 Cr5,521 Cr
Fixed assets (net)1,277 Cr1,291 Cr1,316 Cr1,352 Cr1,308 Cr1,531 Cr1,828 Cr1,738 Cr
CWIP2 Cr7 Cr11 Cr6 Cr27 Cr59 Cr133 Cr47 Cr
Investments366 Cr626 Cr417 Cr359 Cr620 Cr594 Cr629 Cr1,339 Cr
Loans & advances——1 Cr0.76 Cr0.43 Cr0.31 Cr0.61 Cr1 Cr
Inventories1,021 Cr750 Cr1,095 Cr1,329 Cr1,375 Cr1,242 Cr1,773 Cr1,693 Cr
Trade receivables111 Cr76 Cr204 Cr170 Cr115 Cr167 Cr120 Cr180 Cr
Cash & bank58 Cr59 Cr28 Cr66 Cr71 Cr95 Cr471 Cr328 Cr
Other assets100 Cr104 Cr118 Cr154 Cr215 Cr135 Cr208 Cr196 Cr
Total assets2,935 Cr2,913 Cr3,189 Cr3,438 Cr3,733 Cr3,822 Cr5,162 Cr5,521 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2026
Cash from operating activity155 Cr706 Cr-220 Cr72 Cr346 Cr567 Cr-239 Cr219 Cr
Cash from investing-144 Cr-178 Cr-29 Cr-179 Cr37 Cr-327 Cr-257 Cr-851 Cr
Cash from financing2 Cr-528 Cr219 Cr145 Cr-364 Cr-217 Cr902 Cr664 Cr
Net cash flow13 Cr0.64 Cr-31 Cr38 Cr18 Cr23 Cr405 Cr32 Cr
Free cash flow (OCF − Capex)83 Cr635 Cr-327 Cr-18 Cr274 Cr234 Cr-624 Cr95 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2024Mar 2026
ROCE %14.5%9.2%10.4%12.4%14.1%13.0%9.5%7.6%
ROE %14.8%8.1%11.4%12.7%12.6%12.5%9.3%7.3%
Debtor days2312373016201518
Inventory days334183230297267235246231
Days payable57105889059495321
Cash conversion cycle30091178238223205208228
OCF / EBITDA %41.0%301.7%-93.0%27.8%73.3%126.7%-58.1%51.6%
OCF / EBITDA % (3 years)——75.5%76.3%20.4%83.5%——
Debt / equity0.890.480.640.790.430.350.490.55
Current ratio1.271.441.521.431.732.051.551.58
Net debt / EBITDA2.81—4.014.321.791.622.333.44