Dalmia Bharat Sugar

₹344.5 28.9 | 9.1%

WEBSITE BSE:500097 NSE : DALMIASUG 18 Mar, 16:01

Market Cap ₹2788 Cr.

Stock P/E 10.2

P/B 0.9

Current Price ₹344.5

Book Value ₹ 382.4

Face Value 2

52W High ₹582

Dividend Yield 1.45%

52W Low ₹ 290.9

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 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Net Sales	856	600	1149	834	732	584	750	960	926	841
Other Income	16	23	13	9	56	27	37	16	16	23
Total Income	872	623	1162	843	788	610	787	976	942	864
Total Expenditure	725	488	941	715	666	474	631	849	861	744
Operating Profit	147	135	220	128	121	136	156	127	82	120
Interest	9	9	9	10	16	8	16	26	12	9
Depreciation	29	32	34	31	31	32	33	26	32	35
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	110	94	177	87	74	96	107	75	38	76
Provision for Tax	53	29	52	26	19	31	15	20	-28	16
Profit After Tax	57	65	125	61	55	65	91	55	66	60
Adjustments	-1	-0	-1	0	0	0	0	0	0	0
Profit After Adjustments	56	65	124	61	55	65	91	55	66	60
Adjusted Earnings Per Share	6.9	8	15.3	7.6	6.8	8	11.3	6.8	8.2	7.4

Dalmia Bharat Sugar Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1192	1150	1166	1686	2244	2019	2111	2686	3018	3252	2899	3477
Other Income	20	16	22	24	25	75	56	54	86	76	129	92
Total Income	1211	1166	1188	1710	2270	2093	2167	2739	3104	3328	3028	3569
Total Expenditure	1084	1037	940	1308	2010	1781	1774	2213	2592	2816	2488	3085
Operating Profit	128	129	248	402	259	312	393	526	512	512	540	485
Interest	76	78	87	102	69	69	88	62	35	38	50	63
Depreciation	49	51	113	56	54	52	57	96	95	121	127	126
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	3	0	47	244	136	192	247	369	382	353	363	296
Provision for Tax	-0	-1	-11	57	14	16	54	98	85	105	91	23
Profit After Tax	3	1	58	186	122	175	193	271	297	248	272	272
Adjustments	0	0	0	0	0	0	0	-1	-2	2	0	0
Profit After Adjustments	3	1	58	186	122	175	193	270	296	250	272	272
Adjusted Earnings Per Share	0.4	0.2	7.2	23	15.1	21.6	23.9	33.4	36.5	30.9	33.7	33.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-11%	3%	8%	9%
Operating Profit CAGR	5%	1%	12%	15%
PAT CAGR	10%	0%	9%	57%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-4%	-12%	44%	34%
ROE Average	10%	11%	12%	10%
ROCE Average	11%	12%	13%	11%

Dalmia Bharat Sugar Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	462	460	513	1261	1505	1532	1519	2143	2359	2705	2932
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	527	461	571	396	376	461	424	227	337	326	338
Other Non-Current Liabilities	103	79	83	170	151	228	279	348	417	535	543
Total Current Liabilities	642	844	916	1108	882	1057	1348	1175	918	513	1600
Total Liabilities	1733	1845	2082	2935	2913	3277	3570	3893	4032	4079	5413
Fixed Assets	767	746	752	1280	1293	1316	1353	1308	1531	1652	1847
Other Non-Current Assets	159	139	137	253	351	352	287	549	593	1027	1079
Total Current Assets	806	959	1192	1402	1269	1609	1930	2035	1880	1400	2488
Total Assets	1733	1845	2082	2935	2913	3277	3570	3893	4032	4079	5413

Dalmia Bharat Sugar Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	27	48	36	45	58	59	28	53	71	95	66
Cash Flow from Operating Activities	266	-11	-24	155	706	-220	59	346	567	583	-239
Cash Flow from Investing Activities	-184	-43	-77	-144	-178	-29	-179	37	-327	-192	-257
Cash Flow from Financing Activities	-61	42	112	2	-528	219	145	-364	-217	-419	902
Net Cash Inflow / Outflow	21	-13	11	13	1	-31	25	18	23	-29	405
Closing Cash & Cash Equivalent	48	36	46	58	59	28	53	71	95	66	471

Dalmia Bharat Sugar Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.38	0.18	7.21	23.01	15.11	21.64	23.87	33.4	36.53	30.89	33.66
CEPS(Rs)	6.47	6.43	21.22	29.88	21.75	28	30.94	45.28	48.43	45.65	49.34
DPS(Rs)	0	0	0.6	2	0	1.6	2	3	4	4	5
Book NAV/Share(Rs)	56.57	56.37	62.86	155.83	185.86	189.22	187.62	264.69	291.42	334.15	362.22
Core EBITDA Margin(%)	8.73	9.49	18.75	21.42	10.29	11.74	15.95	17.59	14.1	13.42	14.2
EBIT Margin(%)	6.34	6.58	11.15	19.62	9.04	12.89	15.91	16.04	13.8	12.02	14.26
Pre Tax Margin(%)	0.21	0.02	3.92	13.81	5.99	9.49	11.72	13.74	12.65	10.86	12.53
PAT Margin (%)	0.25	0.13	4.83	10.56	5.38	8.68	9.15	10.09	9.84	7.64	9.4
Cash Profit Margin (%)	4.24	4.38	14.2	13.71	7.74	11.23	11.86	13.65	12.98	11.36	13.78
ROA(%)	0.18	0.08	2.97	7.43	4.18	5.66	5.64	7.26	7.5	6.12	5.74
ROE(%)	0.67	0.33	12.1	21.04	8.84	11.54	12.67	14.81	13.21	9.81	9.67
ROCE(%)	6.24	5.89	8.89	16.79	8.65	10.73	12.52	14.61	13.28	12.34	11
Receivable days	11.22	14.66	27.74	22.44	14.97	25.28	32.28	19.37	17.03	17.71	16.93
Inventory Days	199.37	204.43	244.3	200.3	142.03	166.8	209.6	183.77	158.14	127.93	176.89
Payable days	107.18	127.85	134.69	74.57	64.45	110	105.57	66.09	45.31	36.88	54.9
PER(x)	41.93	94.51	13.76	7.53	4.26	5.67	2.05	5.59	13.19	10.89	10.1
Price/Book(x)	0.28	0.31	1.58	1.11	0.35	0.65	0.26	0.7	1.65	1.01	0.94
Dividend Yield(%)	0	0	0.6	1.15	0	1.3	4.09	1.61	0.83	1.19	1.47
EV/Net Sales(x)	0.75	0.9	1.62	1.52	0.55	0.99	0.76	0.89	1.53	0.96	1.26
EV/Core EBITDA(x)	6.99	8.05	7.63	6.37	4.77	6.42	4.09	4.54	9.02	6.07	6.76
Net Sales Growth(%)	19.44	-3.48	1.42	44.55	33.12	-10.06	4.57	27.23	12.39	7.75	-10.85
EBIT Growth(%)	-7.44	0.06	72.29	156.54	-40.57	26.51	29.08	28.29	-3.24	-6.25	5.79
PAT Growth(%)	-83.4	-51.15	3819.46	218.94	-34.34	43.21	10.3	40.3	9.7	-16.49	9.73
EPS Growth(%)	-83.4	-51.14	3818.69	218.94	-34.34	43.21	10.3	39.94	9.39	-15.44	8.96
Debt/Equity(x)	1.77	2.04	2.24	0.96	0.52	0.68	0.84	0.45	0.35	0.17	0.49
Current Ratio(x)	1.26	1.14	1.3	1.27	1.44	1.52	1.43	1.73	2.05	2.73	1.55
Quick Ratio(x)	0.28	0.3	0.3	0.34	0.59	0.49	0.45	0.56	0.69	0.71	0.45
Interest Cover(x)	1.03	1	1.54	3.38	2.96	3.79	3.8	6.97	11.97	10.37	8.26
Total Debt/Mcap(x)	6.35	6.61	1.42	0.87	1.49	1.04	3.23	0.63	0.21	0.17	0.52

Dalmia Bharat Sugar Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	74.91	74.91	74.91	74.91	74.91	74.91	74.91	74.91	74.91	74.91
FII	1.15	1.01	1.02	0.89	0.96	1.06	1.02	0.96	1.01	0.88
DII	0.2	0.24	0.24	0.23	0.25	0.25	0.26	0.26	0.22	0.22
Public	23.73	23.84	23.83	23.97	23.88	23.78	23.81	23.87	23.85	23.99
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06	6.06
FII	0.09	0.08	0.08	0.07	0.08	0.09	0.08	0.08	0.08	0.07
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	1.92	1.93	1.93	1.94	1.93	1.92	1.93	1.93	1.93	1.94
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

Stock is trading at 0.9 times its book value
Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.
Debtor days have increased from 36.88 to 54.9days.
The company has delivered a poor profit growth of 9% over past five 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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