Dalmia Bharat Sugar

₹381.5 4.1 | 1.1%

WEBSITE BSE:500097 NSE : DALMIASUG 10 May, 16:01

Market Cap ₹3088 Cr.

Stock P/E 12.6

P/B 1

Current Price ₹381.5

Book Value ₹ 370.5

Face Value 2

52W High ₹490.1

Dividend Yield 1.05%

52W Low ₹ 339

Edit Ratio

Dalmia Bharat Sugar Research see more...

Equity Research Report on Dalmia Bharat Sugar and Industries Ltd.

Overview Inc. Year: 1951Industry: Sugar

Dalmia Bharat Sugar and Industries Ltd is a sugar company that is engaged in manufacturing of sugar, generation of power, manufacturing of industrial alcohol and production of refractory merchandise. The Company operates in three segments: Own Manufactured Sugar, Power and Others. The Own Manufactured Sugar section includes the manufacture and advertising and marketing of sugar. The Power section includes sale of power and generation. Power is likewise used for captive intake by the Company. The Others segment includes magnesite, distillery, tour and electronics activities of the Company. The Company's cane crushing capability is 29,250 tons crushed/day (TCD). Its operations are included with a 140 kiloliters per day distillery and a renewable energy capacity of 119 megawatts. Its sugar plants are located in Maharashtra (Kolhapur and Sangli) and Uttar Pradesh (Ramgarh, Jawaharpur and Nigohi).

Dalmia Bharat Sugar Share Price

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Dalmia Bharat Sugar Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2022	Sep 2022	Jun 2023	Sep 2023
Net Sales	446	667	521	604	481	924	579	834	732
Other Income	8	8	10	9	11	7	33	9	56
Total Income	454	675	531	612	492	932	612	843	788
Total Expenditure	349	570	457	514	498	815	572	715	666
Operating Profit	105	105	74	98	-6	116	40	128	121
Interest	27	27	16	13	14	11	8	10	16
Depreciation	14	13	13	14	14	28	28	31	31
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	63	65	45	72	-34	77	5	87	74
Provision for Tax	24	10	8	18	-22	23	1	26	19
Profit After Tax	39	55	37	54	-13	54	4	61	55
Adjustments	-39	-55	-37	-54	13	-5	8	0	0
Profit After Adjustments	0	0	0	0	0	49	12	61	55
Adjusted Earnings Per Share	4.8	6.8	4.6	6.7	-1.6	6.7	0.5	7.6	6.8

Dalmia Bharat Sugar Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	998	1192	1150	1166	1686	2244	2019	2111	2686	3007	3252	3069
Other Income	16	20	16	21	24	37	87	61	53	86	76	105
Total Income	1014	1211	1166	1188	1710	2282	2105	2172	2739	3093	3328	3175
Total Expenditure	848	1084	1037	940	1308	2011	1781	1774	2213	2564	2816	2768
Operating Profit	166	128	129	248	402	271	324	398	526	528	512	405
Interest	66	76	78	87	102	69	69	88	62	35	38	45
Depreciation	73	49	51	113	56	54	52	57	96	95	121	118
Exceptional Income / Expenses	-9	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	19	3	0	47	244	148	204	252	369	399	353	243
Provision for Tax	1	-0	-1	-11	57	14	16	54	98	91	105	69
Profit After Tax	18	3	1	58	187	134	187	198	270	308	248	174
Adjustments	0	0	0	0	0	0	0	0	-1	-13	2	3
Profit After Adjustments	18	3	1	58	187	134	187	198	270	295	250	177
Adjusted Earnings Per Share	2.3	0.4	0.2	7.2	23.1	16.6	23.1	24.5	33.4	38	30.7	21.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	8%	15%	8%	13%
Operating Profit CAGR	-3%	9%	14%	12%
PAT CAGR	-19%	8%	13%	30%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	4%	6%	29%	36%
ROE Average	10%	13%	13%	10%
ROCE Average	12%	14%	13%	11%

Dalmia Bharat Sugar Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	457	461	459	511	1250	1449	1550	1609	2090	2359	2705
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	343	527	461	571	396	376	461	424	227	337	326
Other Non-Current Liabilities	86	102	79	83	170	151	228	279	346	418	535
Total Current Liabilities	782	642	844	916	1108	882	1056	1348	1175	906	513
Total Liabilities	1669	1731	1843	2080	2923	2857	3295	3660	3837	4032	4079
Fixed Assets	635	767	746	752	1280	1293	1316	1353	1308	1531	1652
Other Non-Current Assets	159	158	138	136	243	350	353	439	700	789	1027
Total Current Assets	875	806	959	1192	1401	1214	1626	1868	1828	1666	1400
Total Assets	1669	1731	1843	2080	2923	2857	3295	3660	3837	4032	4079

Dalmia Bharat Sugar Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	77	27	48	36	45	58	59	28	53	71	95
Cash Flow from Operating Activities	98	267	-11	-24	76	659	-220	209	346	567	583
Cash Flow from Investing Activities	-160	-185	-43	-77	-65	-131	-30	-329	36	-327	-192
Cash Flow from Financing Activities	12	-61	42	112	2	-528	219	145	-364	-217	-419
Net Cash Inflow / Outflow	-50	21	-13	11	13	1	-31	25	18	23	-29
Closing Cash & Cash Equivalent	27	48	36	46	58	59	28	53	71	95	66

Dalmia Bharat Sugar Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.27	0.37	0.18	7.22	23.07	16.57	23.15	24.46	33.38	38.03	30.68
CEPS(Rs)	11.26	6.46	6.43	21.23	29.94	23.21	29.52	31.53	45.18	49.73	45.65
DPS(Rs)	0.25	0	0	0.6	2	0	1.6	2	3	4	4
Book NAV/Share(Rs)	55.92	56.38	56.18	62.68	154.42	178.99	191.45	198.7	258.15	291.38	334.15
Core EBITDA Margin(%)	14.54	8.73	9.49	18.76	21.44	10.27	11.74	15.95	17.6	14.72	13.42
EBIT Margin(%)	8.2	6.33	6.58	11.16	19.65	9.55	13.5	16.12	16.03	14.42	12.02
Pre Tax Margin(%)	1.84	0.21	0.02	3.92	13.84	6.5	10.1	11.94	13.72	13.26	10.86
PAT Margin (%)	1.78	0.25	0.12	4.83	10.59	5.89	9.28	9.38	10.06	10.24	7.64
Cash Profit Margin (%)	8.84	4.24	4.38	14.21	13.74	8.26	11.84	12.09	13.62	13.39	11.36
ROA(%)	1.16	0.18	0.08	2.98	7.47	4.64	6.09	5.69	7.21	7.82	6.12
ROE(%)	4.13	0.67	0.32	12.15	21.26	9.94	12.5	12.54	14.61	13.84	9.81
ROCE(%)	7.09	6.24	5.9	8.9	16.87	9.27	11.32	12.44	14.51	13.93	12.34
Receivable days	23.7	11.21	14.66	27.74	22.44	14.97	25.28	32.28	19.37	16.45	17.11
Inventory Days	230.74	199.37	204.43	244.3	200.3	142.03	166.8	209.61	183.77	158.43	127.57
Payable days	117.11	107.18	127.84	134.68	74.56	64.45	110	105.58	66.09	44.64	36.06
PER(x)	6.4	42.21	95.19	13.75	7.51	3.88	5.3	2	5.59	12.67	10.97
Price/Book(x)	0.26	0.28	0.31	1.58	1.12	0.36	0.64	0.25	0.72	1.65	1.01
Dividend Yield(%)	1.72	0	0	0.6	1.15	0	1.3	4.09	1.61	0.83	1.19
EV/Net Sales(x)	0.88	0.75	0.9	1.62	1.52	0.55	0.99	0.76	0.89	1.53	0.96
EV/Core EBITDA(x)	5.27	6.99	8.05	7.63	6.36	4.56	6.18	4.04	4.54	8.73	6.07
Net Sales Growth(%)	35.77	19.44	-3.48	1.42	44.55	33.12	-10.06	4.57	27.23	11.96	8.16
EBIT Growth(%)	66.18	-7.44	0.08	72.37	156.82	-37.29	25.34	24.93	26.46	0.76	-9.87
PAT Growth(%)	1938.89	-83.49	-51.16	3849.32	219.54	-28.2	39.73	5.67	36.46	13.94	-19.34
EPS Growth(%)	1938.49	-83.49	-51.16	3849.95	219.54	-28.2	39.73	5.67	36.46	13.94	-19.34
Debt/Equity(x)	1.74	1.78	2.05	2.24	0.97	0.54	0.67	0.79	0.46	0.35	0.17
Current Ratio(x)	1.12	1.26	1.14	1.3	1.26	1.38	1.54	1.39	1.56	1.84	2.73
Quick Ratio(x)	0.2	0.28	0.3	0.3	0.34	0.53	0.5	0.4	0.39	0.47	0.71
Interest Cover(x)	1.29	1.03	1	1.54	3.38	3.13	3.97	3.85	6.96	12.45	10.37
Total Debt/Mcap(x)	6.7	6.35	6.61	1.42	0.87	1.49	1.04	3.23	0.63	0.21	0.17

Dalmia Bharat Sugar Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.91	74.91	74.91	74.91	74.91	74.91	74.91	74.91	74.91	74.91
FII	0.9	1.15	1.42	1.15	1.01	1.02	0.89	0.96	1.06	1.02
DII	0.22	0.22	0.22	0.2	0.24	0.24	0.23	0.25	0.25	0.26
Public	23.97	23.71	23.44	23.73	23.84	23.83	23.97	23.88	23.78	23.81
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06
FII	0.07	0.09	0.11	0.09	0.08	0.08	0.07	0.08	0.09	0.08
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	1.94	1.92	1.9	1.92	1.93	1.93	1.94	1.93	1.92	1.93
Others	0	0	0	0	0	0	0	0	0	0
Total	8.09	8.09	8.09	8.09	8.09	8.09	8.09	8.09	8.09	8.09

Pros

Debtor days have improved from 44.64 to 36.06days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 13% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Dalmia Bharat Sugar News

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Dalmia Bharat Sugar

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Dalmia Bharat Sugar Research see more...

Overview Inc. Year: 1951Industry: Sugar

Dalmia Bharat Sugar Share Price

Alert Data

Quarterly Price

Peer Comparison

Dalmia Bharat Sugar Quarterly Results

Dalmia Bharat Sugar Profit & Loss

Growth Rates

Dalmia Bharat Sugar Balance Sheet

Dalmia Bharat Sugar Cash Flow

Dalmia Bharat Sugar Ratios

Dalmia Bharat Sugar Shareholding Pattern

Dalmia Bharat Sugar News

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