DHAMPURSUG
Dhampur Sugar Mills Limited
Sugar, distillery and co-generation producer with ethanol blending and allied chemicals
Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products›Sugar
dhampursugar.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹197.67
Market cap
1,268 Cr
Stock P/E
18.0
P/B
1.06
Dividend yield
0.0%
ROE (FY26)
5.4%
ROCE (FY26)
6.5%
Operating margin (FY26)
4.0%
Debt / equity (FY26)
0.73
OCF / EBITDA (FY26)
140.3%
OCF / EBITDA (3Y)
64.2%
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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Compare with peers
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What you need to know
Dhampur Sugar (Dhampur Sugar Mills) makes sugar and also sells ethanol, potable spirits, chemicals and power from its base in Dhampur, Uttar Pradesh.
Company snapshot
9thBy 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: 52.1% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Chemicals | 8.1% | 47 Cr | 0.87 Cr | 86 Cr |
| Ethanol | 16.6% | 98 Cr | 6 Cr | 330 Cr |
| Others | 8.5% | 50 Cr | 0.37 Cr | 47 Cr |
| Potable Spirits | 34.0% | 200 Cr | 4 Cr | 34 Cr |
| Power | 10.6% | 62 Cr | 25 Cr | 397 Cr |
| Sugar | 52.1% | 306 Cr | 1 Cr | 1,040 Cr |
Shares add up to 130% because segment revenues are before inter-segment eliminations.
What we see
Concerns
- ✗Net margin is very thin at 2.3% — little room for error if costs rise.
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
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 582 Cr | 482 Cr | 667 Cr | 678 Cr | 581 Cr | 587 Cr | 810 Cr | 741 Cr | 712 Cr | 667 Cr | 687 Cr | 786 Cr |
| Operating expenses (approx.) | 560 Cr | 429 Cr | 571 Cr | 651 Cr | 581 Cr | 545 Cr | 709 Cr | 718 Cr | 703 Cr | 612 Cr | 602 Cr | 755 Cr |
| EBITDA | 22 Cr | 54 Cr | 96 Cr | 27 Cr | -0.50 Cr | 42 Cr | 101 Cr | 23 Cr | 10 Cr | 56 Cr | 85 Cr | 31 Cr |
| OPM % | 3.8% | 11.1% | 14.4% | 4.0% | -0.1% | 7.1% | 12.5% | 3.1% | 1.3% | 8.4% | 12.4% | 4.0% |
| Other income | 5 Cr | 16 Cr | 4 Cr | 4 Cr | 6 Cr | 7 Cr | 1 Cr | 8 Cr | 2 Cr | 6 Cr | 7 Cr | 6 Cr |
| Interest | 7 Cr | 6 Cr | 15 Cr | 16 Cr | 12 Cr | 10 Cr | 12 Cr | 16 Cr | 10 Cr | 8 Cr | 14 Cr | 16 Cr |
| Depreciation | 12 Cr | 16 Cr | 17 Cr | 13 Cr | 13 Cr | 16 Cr | 19 Cr | 14 Cr | 14 Cr | 16 Cr | 18 Cr | 13 Cr |
| Profit before tax | 7 Cr | 48 Cr | 69 Cr | 2 Cr | -20 Cr | 22 Cr | 71 Cr | 1 Cr | -13 Cr | 37 Cr | 60 Cr | 8 Cr |
| Tax % | 27.5% | 33.4% | 24.6% | 28.1% | 33.1% | 30.1% | 31.1% | 30.0% | 37.6% | 28.7% | 23.6% | 26.1% |
| Net profit | 5 Cr | 32 Cr | 52 Cr | 2 Cr | -13 Cr | 15 Cr | 49 Cr | 0.91 Cr | -8 Cr | 27 Cr | 46 Cr | 6 Cr |
| EPS (₹) | ₹0.81 | ₹4.78 | ₹7.87 | ₹0.24 | ₹-2.06 | ₹2.31 | ₹7.49 | ₹0.13 | ₹-1.23 | ₹4.11 | ₹7.08 | ₹0.94 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | — | 3,396 Cr | 2,954 Cr | 3,526 Cr | 4,231 Cr | 2,163 Cr | 2,874 Cr | 2,647 Cr | 2,656 Cr | 2,808 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | — | 3,041 Cr | 2,491 Cr | 3,164 Cr | 3,776 Cr | 1,872 Cr | 2,571 Cr | 2,381 Cr | 2,487 Cr | 2,634 Cr | Sign in free for the trailing twelve months |
| EBITDA | — | 354 Cr | 463 Cr | 362 Cr | 455 Cr | 291 Cr | 303 Cr | 266 Cr | 170 Cr | 173 Cr | Sign in free for the trailing twelve months |
| OPM % | — | 10.4% | 15.7% | 10.3% | 10.8% | 13.5% | 10.6% | 10.1% | 6.4% | 6.2% | Sign in free for the trailing twelve months |
| Other income | — | 27 Cr | 18 Cr | 30 Cr | 17 Cr | 11 Cr | 15 Cr | 27 Cr | 18 Cr | 23 Cr | Sign in free for the trailing twelve months |
| Interest | — | 122 Cr | 91 Cr | 101 Cr | 80 Cr | 50 Cr | 44 Cr | 43 Cr | 50 Cr | 49 Cr | Sign in free for the trailing twelve months |
| Depreciation | — | 58 Cr | 71 Cr | 76 Cr | 78 Cr | 50 Cr | 52 Cr | 59 Cr | 62 Cr | 62 Cr | Sign in free for the trailing twelve months |
| Profit before tax | — | 203 Cr | 319 Cr | 207 Cr | 315 Cr | 202 Cr | 223 Cr | 192 Cr | 75 Cr | 86 Cr | Sign in free for the trailing twelve months |
| Tax % | — | 25.3% | 21.4% | -4.0% | 27.3% | 28.5% | 29.1% | 30.0% | 30.2% | 23.9% | Sign in free for the trailing twelve months |
| Net profit | — | 151 Cr | 251 Cr | 216 Cr | 229 Cr | 144 Cr | 158 Cr | 135 Cr | 52 Cr | 65 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | — | ₹22.85 | ₹37.81 | ₹32.61 | ₹34.52 | ₹21.70 | ₹23.72 | ₹20.27 | ₹7.98 | ₹10.09 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 17.4% | 0.1% | 25.2% | 29.6% | 0.4% | 0.3% | 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
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 66 Cr | 66 Cr | 66 Cr | 66 Cr | 66 Cr | 66 Cr | 66 Cr | 65 Cr | 65 Cr | 64 Cr |
| Reserves | 836 Cr | 935 Cr | 1,158 Cr | 1,295 Cr | 1,494 Cr | 819 Cr | 976 Cr | 1,035 Cr | 1,087 Cr | 1,133 Cr |
| Borrowings | 1,797 Cr | 1,353 Cr | 1,676 Cr | 1,617 Cr | 1,031 Cr | 879 Cr | 726 Cr | 963 Cr | 910 Cr | 879 Cr |
| Other liabilities | 630 Cr | 780 Cr | 1,025 Cr | 890 Cr | 880 Cr | 401 Cr | 353 Cr | 293 Cr | 324 Cr | 338 Cr |
| Total liabilities | 3,331 Cr | 3,136 Cr | 3,927 Cr | 3,869 Cr | 3,471 Cr | 2,165 Cr | 2,122 Cr | 2,357 Cr | 2,387 Cr | 2,415 Cr |
| Fixed assets (net) | 1,491 Cr | 1,594 Cr | 1,594 Cr | 1,616 Cr | 1,612 Cr | 997 Cr | 1,044 Cr | 1,149 Cr | 1,131 Cr | 1,094 Cr |
| CWIP | 27 Cr | 24 Cr | 34 Cr | 7 Cr | 21 Cr | 29 Cr | 103 Cr | 17 Cr | 9 Cr | 13 Cr |
| Investments | 3 Cr | 2 Cr | 12 Cr | 2 Cr | 3 Cr | 5 Cr | 2 Cr | 47 Cr | 27 Cr | 264 Cr |
| Loans & advances | — | — | 8 Cr | 9 Cr | 8 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr |
| Inventories | 1,477 Cr | 1,146 Cr | 1,674 Cr | 1,604 Cr | 1,293 Cr | 852 Cr | 667 Cr | 917 Cr | 899 Cr | 858 Cr |
| Trade receivables | 216 Cr | 245 Cr | 391 Cr | 343 Cr | 297 Cr | 160 Cr | 194 Cr | 163 Cr | 149 Cr | 114 Cr |
| Cash & bank | 20 Cr | 39 Cr | 13 Cr | 10 Cr | 72 Cr | 45 Cr | 38 Cr | 3 Cr | 114 Cr | 5 Cr |
| Other assets | 97 Cr | 86 Cr | 201 Cr | 278 Cr | 166 Cr | 75 Cr | 72 Cr | 59 Cr | 57 Cr | 67 Cr |
| Total assets | 3,331 Cr | 3,136 Cr | 3,927 Cr | 3,869 Cr | 3,471 Cr | 2,165 Cr | 2,122 Cr | 2,357 Cr | 2,387 Cr | 2,415 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | 805 Cr | -203 Cr | 338 Cr | 880 Cr | -0.33 Cr | 383 Cr | -53 Cr | 201 Cr | 243 Cr |
| Cash from investing | — | -140 Cr | -90 Cr | -49 Cr | -80 Cr | -91 Cr | -146 Cr | -92 Cr | 22 Cr | -244 Cr |
| Cash from financing | — | -647 Cr | 268 Cr | -293 Cr | -738 Cr | 77 Cr | -243 Cr | 109 Cr | -111 Cr | -109 Cr |
| Net cash flow | — | 19 Cr | -26 Cr | -3 Cr | 62 Cr | -14 Cr | -6 Cr | -36 Cr | 112 Cr | -109 Cr |
| Free cash flow (OCF − Capex) | — | 659 Cr | -290 Cr | 277 Cr | 792 Cr | -88 Cr | 234 Cr | -126 Cr | 180 Cr | 214 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 13.8% | 14.1% | 10.3% | 15.2% | 14.3% | 15.1% | 11.4% | 6.1% | 6.5% |
| ROE % | — | 15.1% | 20.5% | 15.9% | 14.7% | 16.3% | 15.1% | 12.2% | 4.5% | 5.4% |
| Debtor days | — | 26 | 48 | 36 | 26 | 27 | 25 | 23 | 20 | 15 |
| Inventory days | — | 182 | 258 | 238 | 168 | 194 | 143 | 191 | 216 | 206 |
| Days payable | — | 83 | 103 | 89 | 77 | 53 | 39 | 24 | 32 | 38 |
| Cash conversion cycle | — | 125 | 203 | 184 | 116 | 168 | 129 | 190 | 205 | 183 |
| OCF / EBITDA % | — | 227.1% | -43.9% | 93.4% | 193.3% | -0.1% | 126.2% | -19.7% | 118.4% | 140.3% |
| OCF / EBITDA % (3 years) | — | — | — | 79.7% | 79.3% | 109.8% | 120.3% | 38.3% | 71.8% | 64.2% |
| Debt / equity | 1.99 | 1.35 | 1.37 | 1.19 | 0.66 | 0.99 | 0.70 | 0.88 | 0.79 | 0.73 |
| Current ratio | 0.97 | 0.91 | 1.08 | 1.08 | 1.20 | 1.12 | 1.24 | 1.20 | 1.29 | 1.37 |
| Net debt / EBITDA | — | — | 3.59 | 4.44 | 2.10 | 2.86 | 2.27 | 3.61 | 4.69 | 5.04 |