Dalmia Bharat Sugar & Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 13, 2025, 12:43 am

Market Cap	3,248 Cr.
Current Price	402
High / Low	585/291
Stock P/E	10.9
Book Value	377
Dividend Yield	1.24 %
ROCE	9.84 %
ROE	8.51 %
Face Value	2.00
PEG Ratio	5.17

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Dalmia Bharat Sugar & Industries Ltd

Competitors of Dalmia Bharat Sugar & Industries Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Gayatri Sugars Ltd	58.8 Cr.	7.91	26.5/7.02		19.1	0.00 %	93.2 %	%	10.0
Dhampure Speciality Sugars Ltd	77.0 Cr.	92.4	142/78.0	46.4	35.6	0.00 %	3.15 %	3.78 %	10.0
Dhampur Bio Organics Ltd	464 Cr.	70.6	164/57.3	29.1	152	3.54 %	3.99 %	1.58 %	10.0
DCM Shriram Industries Ltd	1,593 Cr.	182	242/142	13.7	100	1.10 %	16.1 %	14.9 %	2.00
Davangere Sugar Company Ltd	364 Cr.	3.87	10.9/3.45	26.9	3.64	0.00 %	6.86 %	3.75 %	1.00
Industry Average	1,984.67 Cr	298.21		21.56	223.09	0.74%	12.40%	12.65%	6.37

All Competitor Stocks of Dalmia Bharat Sugar & Industries Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	616	846	924	579	600	1,149	834	732	584	750	949	923	840
Expenses	527	705	815	572	488	941	715	666	474	610	833	854	737
Operating Profit	88	141	109	7	112	208	118	65	109	139	115	70	103
OPM %	14%	17%	12%	1%	19%	18%	14%	9%	19%	19%	12%	8%	12%
Other Income	21	9	2	41	23	12	9	56	24	19	18	19	27
Interest	6	9	11	8	9	9	10	16	8	16	26	12	9
Depreciation	24	29	28	28	32	34	31	31	32	33	26	32	35
Profit before tax	79	112	72	13	93	176	87	74	93	109	82	45	87
Tax %	29%	51%	32%	8%	31%	30%	30%	26%	33%	14%	25%	-62%	19%
Net Profit	56	55	49	12	65	124	61	55	62	93	62	74	70
EPS in Rs	6.90	6.83	6.09	1.45	8.02	15.35	7.58	6.79	7.68	11.54	7.63	9.11	8.69

Last Updated: February 28, 2025, 8:14 pm

Below is a detailed analysis of the quarterly data for Dalmia Bharat Sugar & Industries Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 840.00 Cr.. The value appears to be declining and may need further review. It has decreased from 923.00 Cr. (Sep 2024) to 840.00 Cr., marking a decrease of 83.00 Cr..
For Expenses, as of Dec 2024, the value is 737.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 854.00 Cr. (Sep 2024) to 737.00 Cr., marking a decrease of 117.00 Cr..
For Operating Profit, as of Dec 2024, the value is 103.00 Cr.. The value appears strong and on an upward trend. It has increased from 70.00 Cr. (Sep 2024) to 103.00 Cr., marking an increase of 33.00 Cr..
For OPM %, as of Dec 2024, the value is 12.00%. The value appears strong and on an upward trend. It has increased from 8.00% (Sep 2024) to 12.00%, marking an increase of 4.00%.
For Other Income, as of Dec 2024, the value is 27.00 Cr.. The value appears strong and on an upward trend. It has increased from 19.00 Cr. (Sep 2024) to 27.00 Cr., marking an increase of 8.00 Cr..
For Interest, as of Dec 2024, the value is 9.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 12.00 Cr. (Sep 2024) to 9.00 Cr., marking a decrease of 3.00 Cr..
For Depreciation, as of Dec 2024, the value is 35.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 32.00 Cr. (Sep 2024) to 35.00 Cr., marking an increase of 3.00 Cr..
For Profit before tax, as of Dec 2024, the value is 87.00 Cr.. The value appears strong and on an upward trend. It has increased from 45.00 Cr. (Sep 2024) to 87.00 Cr., marking an increase of 42.00 Cr..
For Tax %, as of Dec 2024, the value is 19.00%. The value appears to be increasing, which may not be favorable. It has increased from -62.00% (Sep 2024) to 19.00%, marking an increase of 81.00%.
For Net Profit, as of Dec 2024, the value is 70.00 Cr.. The value appears to be declining and may need further review. It has decreased from 74.00 Cr. (Sep 2024) to 70.00 Cr., marking a decrease of 4.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 8.69. The value appears to be declining and may need further review. It has decreased from 9.11 (Sep 2024) to 8.69, marking a decrease of 0.42.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:30 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	997	1,190	1,150	1,166	1,686	2,244	2,018	2,110	2,685	3,007	3,252	2,899	3,462
Expenses	847	1,083	1,037	939	1,307	2,010	1,781	1,772	2,213	2,539	2,815	2,466	3,034
Operating Profit	150	108	113	227	378	234	237	338	472	467	437	433	428
OPM %	15%	9%	10%	19%	22%	10%	12%	16%	18%	16%	13%	15%	12%
Other Income	7	20	16	21	24	37	87	60	53	48	77	107	83
Interest	66	76	78	87	102	69	69	88	62	35	38	50	62
Depreciation	73	49	51	113	56	54	52	57	96	95	121	127	125
Profit before tax	19	3	0	47	244	148	204	252	368	386	355	363	323
Tax %	3%	-17%	-429%	-23%	23%	9%	8%	21%	27%	24%	30%	25%
Net Profit	18	3	1	58	187	134	187	198	270	295	250	272	299
EPS in Rs	2.27	0.37	0.18	7.22	23.09	16.58	23.16	24.48	33.31	36.51	30.91	33.59	36.97
Dividend Payout %	11%	0%	0%	8%	9%	0%	7%	8%	9%	11%	13%	15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-83.33%	-66.67%	5700.00%	222.41%	-28.34%	39.55%	5.88%	36.36%	9.26%	-15.25%	8.80%
Change in YoY Net Profit Growth (%)	0.00%	16.67%	5766.67%	-5477.59%	-250.76%	67.89%	-33.67%	30.48%	-27.10%	-24.51%	24.05%

Dalmia Bharat Sugar & Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	8%
3 Years:	3%
TTM:	5%

Compounded Profit Growth
10 Years:	53%
5 Years:	6%
3 Years:	-3%
TTM:	-1%

Stock Price CAGR
10 Years:	36%
5 Years:	47%
3 Years:	1%
1 Year:	6%

Return on Equity
10 Years:	11%
5 Years:	11%
3 Years:	10%
Last Year:	9%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:39 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	16	16	16	16	16	16	16	16	16	16	16	16	16
Reserves	441	445	442	495	1,234	1,433	1,534	1,592	2,074	2,343	2,689	2,915	3,033
Borrowings	786	812	931	1,138	1,214	776	1,037	1,277	958	819	454	1,430	363
Other Liabilities	426	444	443	411	459	632	620	642	629	645	644	791	569
Total Liabilities	1,669	1,716	1,833	2,059	2,923	2,857	3,207	3,528	3,677	3,822	3,803	5,152	3,981
Fixed Assets	635	767	746	752	1,280	1,293	1,316	1,353	1,308	1,531	1,652	1,807	1,757
CWIP	17	13	28	6	2	7	11	6	27	59	21	9	51
Investments	60	78	83	92	275	435	288	447	563	594	736	679	706
Other Assets	956	858	976	1,209	1,366	1,122	1,592	1,722	1,778	1,639	1,393	2,657	1,468
Total Assets	1,669	1,716	1,833	2,059	2,923	2,857	3,207	3,528	3,677	3,822	3,803	5,152	3,981

Below is a detailed analysis of the balance sheet data for Dalmia Bharat Sugar & Industries Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹16.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 16.00 Cr..
For Reserves, as of Sep 2024, the value is ₹3,033.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,915.00 Cr. (Mar 2024) to ₹3,033.00 Cr., marking an increase of 118.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹363.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 1,430.00 Cr. (Mar 2024) to ₹363.00 Cr., marking a decrease of 1,067.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹569.00 Cr.. The value appears to be improving (decreasing). It has decreased from 791.00 Cr. (Mar 2024) to ₹569.00 Cr., marking a decrease of 222.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹3,981.00 Cr.. The value appears to be improving (decreasing). It has decreased from 5,152.00 Cr. (Mar 2024) to ₹3,981.00 Cr., marking a decrease of 1,171.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,757.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,807.00 Cr. (Mar 2024) to ₹1,757.00 Cr., marking a decrease of 50.00 Cr..
For CWIP, as of Sep 2024, the value is ₹51.00 Cr.. The value appears strong and on an upward trend. It has increased from 9.00 Cr. (Mar 2024) to ₹51.00 Cr., marking an increase of 42.00 Cr..
For Investments, as of Sep 2024, the value is ₹706.00 Cr.. The value appears strong and on an upward trend. It has increased from 679.00 Cr. (Mar 2024) to ₹706.00 Cr., marking an increase of 27.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,468.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,657.00 Cr. (Mar 2024) to ₹1,468.00 Cr., marking a decrease of 1,189.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹3,981.00 Cr.. The value appears to be declining and may need further review. It has decreased from 5,152.00 Cr. (Mar 2024) to ₹3,981.00 Cr., marking a decrease of 1,171.00 Cr..

Notably, the Reserves (3,033.00 Cr.) exceed the Borrowings (363.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	98	267	-11	-24	76	659	-220	209	346	567	583	-355
Cash from Investing Activity +	-160	-185	-43	-77	-65	-131	-30	-329	36	-327	-192	-144
Cash from Financing Activity +	12	-61	42	112	2	-528	219	145	-364	-217	-419	902
Net Cash Flow	-50	21	-13	11	13	1	-31	25	18	23	-29	403

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-636.00	-704.00	-818.00	226.00	377.00	-542.00	236.00	337.00	-486.00	-352.00	-17.00	432.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	21	6	25	33	24	12	37	29	16	19	17	15
Inventory Days	383	252	310	476	367	161	284	345	274	213	163	326
Days Payable	133	113	133	125	62	92	109	102	54	43	33	70
Cash Conversion Cycle	271	144	202	384	329	81	212	272	237	188	147	271
Working Capital Days	159	85	116	172	191	76	175	178	164	125	95	197
ROCE %	7%	6%	5%	8%	17%	9%	11%	12%	14%	14%	12%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.91%	74.92%	74.92%	74.92%
FIIs	0.96%	0.90%	1.15%	1.42%	1.17%	1.01%	1.03%	0.90%	0.97%	1.07%	1.03%	0.96%
DIIs	0.07%	0.06%	0.07%	0.07%	0.04%	0.07%	0.06%	0.06%	0.08%	0.08%	0.09%	0.09%
Government	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%
Public	23.90%	23.97%	23.71%	23.44%	23.73%	23.84%	23.82%	23.96%	23.88%	23.78%	23.81%	23.87%
No. of Shareholders	35,756	37,632	41,039	44,063	46,465	46,128	43,368	41,491	41,485	45,070	47,026	47,906

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	20,605	0.17	0.95	20,605	2025-04-22 15:56:59	0%
Groww Nifty Total Market Index Fund	52	0.01	0	52	2025-04-22 17:25:37	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	33.66	30.90	36.54	33.40	23.87
Diluted EPS (Rs.)	33.66	30.90	36.54	33.40	23.87
Cash EPS (Rs.)	49.34	45.87	48.23	45.20	30.93
Book Value[Excl.RevalReserv]/Share (Rs.)	362.22	334.15	291.42	264.69	187.62
Book Value[Incl.RevalReserv]/Share (Rs.)	362.22	334.15	291.42	264.69	187.62
Revenue From Operations / Share (Rs.)	358.17	401.74	372.85	331.76	260.75
PBDIT / Share (Rs.)	66.76	63.26	63.20	65.03	48.56
PBIT / Share (Rs.)	51.08	48.28	51.50	53.23	41.49
PBT / Share (Rs.)	44.89	43.63	47.20	45.58	30.57
Net Profit / Share (Rs.)	33.66	30.89	36.53	33.40	23.87
NP After MI And SOA / Share (Rs.)	33.66	30.89	36.53	33.40	23.87
PBDIT Margin (%)	18.64	15.74	16.95	19.60	18.62
PBIT Margin (%)	14.26	12.01	13.81	16.04	15.91
PBT Margin (%)	12.53	10.86	12.65	13.74	11.72
Net Profit Margin (%)	9.39	7.68	9.79	10.06	9.15
NP After MI And SOA Margin (%)	9.39	7.68	9.79	10.06	9.15
Return on Networth / Equity (%)	9.29	9.24	12.53	12.61	12.72
Return on Capital Employeed (%)	11.60	11.88	14.35	16.84	16.06
Return On Assets (%)	5.27	6.57	7.73	7.24	5.61
Long Term Debt / Equity (X)	0.11	0.12	0.14	0.10	0.27
Total Debt / Equity (X)	0.48	0.16	0.34	0.44	0.78
Asset Turnover Ratio (%)	0.64	0.85	0.80	0.75	0.62
Current Ratio (X)	1.55	2.73	2.08	1.73	1.43
Quick Ratio (X)	0.44	0.70	0.72	0.56	0.44
Inventory Turnover Ratio (X)	1.88	1.84	1.47	1.39	1.35
Dividend Payout Ratio (NP) (%)	14.11	12.94	16.41	0.00	18.18
Dividend Payout Ratio (CP) (%)	9.62	8.72	12.43	0.00	14.02
Earning Retention Ratio (%)	85.89	87.06	83.59	0.00	81.82
Cash Earning Retention Ratio (%)	90.38	91.28	87.57	0.00	85.98
Interest Coverage Ratio (X)	10.79	13.59	14.69	8.51	4.45
Interest Coverage Ratio (Post Tax) (X)	6.44	7.59	9.54	5.38	3.19
Enterprise Value (Cr.)	3651.88	3109.74	4615.19	2388.23	1521.35
EV / Net Operating Revenue (X)	1.26	0.95	1.53	0.88	0.72
EV / EBITDA (X)	6.76	6.07	9.02	4.54	3.87
MarketCap / Net Operating Revenue (X)	0.94	0.83	1.29	0.56	0.18
Retention Ratios (%)	85.88	87.05	83.58	0.00	81.81
Price / BV (X)	0.93	1.01	1.65	0.70	0.26
Price / Net Operating Revenue (X)	0.94	0.83	1.29	0.56	0.18
EarningsYield	0.09	0.09	0.07	0.17	0.48

After reviewing the key financial ratios for Dalmia Bharat Sugar & Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 33.66. This value is within the healthy range. It has increased from 30.90 (Mar 23) to 33.66, marking an increase of 2.76.
For Diluted EPS (Rs.), as of Mar 24, the value is 33.66. This value is within the healthy range. It has increased from 30.90 (Mar 23) to 33.66, marking an increase of 2.76.
For Cash EPS (Rs.), as of Mar 24, the value is 49.34. This value is within the healthy range. It has increased from 45.87 (Mar 23) to 49.34, marking an increase of 3.47.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 362.22. It has increased from 334.15 (Mar 23) to 362.22, marking an increase of 28.07.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 362.22. It has increased from 334.15 (Mar 23) to 362.22, marking an increase of 28.07.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 358.17. It has decreased from 401.74 (Mar 23) to 358.17, marking a decrease of 43.57.
For PBDIT / Share (Rs.), as of Mar 24, the value is 66.76. This value is within the healthy range. It has increased from 63.26 (Mar 23) to 66.76, marking an increase of 3.50.
For PBIT / Share (Rs.), as of Mar 24, the value is 51.08. This value is within the healthy range. It has increased from 48.28 (Mar 23) to 51.08, marking an increase of 2.80.
For PBT / Share (Rs.), as of Mar 24, the value is 44.89. This value is within the healthy range. It has increased from 43.63 (Mar 23) to 44.89, marking an increase of 1.26.
For Net Profit / Share (Rs.), as of Mar 24, the value is 33.66. This value is within the healthy range. It has increased from 30.89 (Mar 23) to 33.66, marking an increase of 2.77.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 33.66. This value is within the healthy range. It has increased from 30.89 (Mar 23) to 33.66, marking an increase of 2.77.
For PBDIT Margin (%), as of Mar 24, the value is 18.64. This value is within the healthy range. It has increased from 15.74 (Mar 23) to 18.64, marking an increase of 2.90.
For PBIT Margin (%), as of Mar 24, the value is 14.26. This value is within the healthy range. It has increased from 12.01 (Mar 23) to 14.26, marking an increase of 2.25.
For PBT Margin (%), as of Mar 24, the value is 12.53. This value is within the healthy range. It has increased from 10.86 (Mar 23) to 12.53, marking an increase of 1.67.
For Net Profit Margin (%), as of Mar 24, the value is 9.39. This value is within the healthy range. It has increased from 7.68 (Mar 23) to 9.39, marking an increase of 1.71.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 9.39. This value is within the healthy range. It has increased from 7.68 (Mar 23) to 9.39, marking an increase of 1.71.
For Return on Networth / Equity (%), as of Mar 24, the value is 9.29. This value is below the healthy minimum of 15. It has increased from 9.24 (Mar 23) to 9.29, marking an increase of 0.05.
For Return on Capital Employeed (%), as of Mar 24, the value is 11.60. This value is within the healthy range. It has decreased from 11.88 (Mar 23) to 11.60, marking a decrease of 0.28.
For Return On Assets (%), as of Mar 24, the value is 5.27. This value is within the healthy range. It has decreased from 6.57 (Mar 23) to 5.27, marking a decrease of 1.30.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.11. This value is below the healthy minimum of 0.2. It has decreased from 0.12 (Mar 23) to 0.11, marking a decrease of 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.48. This value is within the healthy range. It has increased from 0.16 (Mar 23) to 0.48, marking an increase of 0.32.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.64. It has decreased from 0.85 (Mar 23) to 0.64, marking a decrease of 0.21.
For Current Ratio (X), as of Mar 24, the value is 1.55. This value is within the healthy range. It has decreased from 2.73 (Mar 23) to 1.55, marking a decrease of 1.18.
For Quick Ratio (X), as of Mar 24, the value is 0.44. This value is below the healthy minimum of 1. It has decreased from 0.70 (Mar 23) to 0.44, marking a decrease of 0.26.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.88. This value is below the healthy minimum of 4. It has increased from 1.84 (Mar 23) to 1.88, marking an increase of 0.04.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 14.11. This value is below the healthy minimum of 20. It has increased from 12.94 (Mar 23) to 14.11, marking an increase of 1.17.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 9.62. This value is below the healthy minimum of 20. It has increased from 8.72 (Mar 23) to 9.62, marking an increase of 0.90.
For Earning Retention Ratio (%), as of Mar 24, the value is 85.89. This value exceeds the healthy maximum of 70. It has decreased from 87.06 (Mar 23) to 85.89, marking a decrease of 1.17.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 90.38. This value exceeds the healthy maximum of 70. It has decreased from 91.28 (Mar 23) to 90.38, marking a decrease of 0.90.
For Interest Coverage Ratio (X), as of Mar 24, the value is 10.79. This value is within the healthy range. It has decreased from 13.59 (Mar 23) to 10.79, marking a decrease of 2.80.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 6.44. This value is within the healthy range. It has decreased from 7.59 (Mar 23) to 6.44, marking a decrease of 1.15.
For Enterprise Value (Cr.), as of Mar 24, the value is 3,651.88. It has increased from 3,109.74 (Mar 23) to 3,651.88, marking an increase of 542.14.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.26. This value is within the healthy range. It has increased from 0.95 (Mar 23) to 1.26, marking an increase of 0.31.
For EV / EBITDA (X), as of Mar 24, the value is 6.76. This value is within the healthy range. It has increased from 6.07 (Mar 23) to 6.76, marking an increase of 0.69.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.94. This value is below the healthy minimum of 1. It has increased from 0.83 (Mar 23) to 0.94, marking an increase of 0.11.
For Retention Ratios (%), as of Mar 24, the value is 85.88. This value exceeds the healthy maximum of 70. It has decreased from 87.05 (Mar 23) to 85.88, marking a decrease of 1.17.
For Price / BV (X), as of Mar 24, the value is 0.93. This value is below the healthy minimum of 1. It has decreased from 1.01 (Mar 23) to 0.93, marking a decrease of 0.08.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.94. This value is below the healthy minimum of 1. It has increased from 0.83 (Mar 23) to 0.94, marking an increase of 0.11.
For EarningsYield, as of Mar 24, the value is 0.09. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.09.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dalmia Bharat Sugar & Industries Ltd as of May 12, 2025 is: 283.23

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of May 12, 2025, Dalmia Bharat Sugar & Industries Ltd is Overvalued by 29.54% compared to the current share price 402.00

Intrinsic Value of Dalmia Bharat Sugar & Industries Ltd as of May 12, 2025 is: 289.20

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of May 12, 2025, Dalmia Bharat Sugar & Industries Ltd is Overvalued by 28.06% compared to the current share price 402.00

Last 5 Year EPS CAGR: 2.11%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,590.00 cr) compared to borrowings (922.69 cr), indicating strong financial stability. The company has shown consistent growth in sales (78.46 cr) and profit (208.62 cr) over the years.	The stock has a low average ROCE of 10.42%, which may not be favorable. The stock has a high average Working Capital Days of 144.42, which may not be favorable. The stock has a high average Cash Conversion Cycle of 228.17, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dalmia Bharat Sugar & Industries Ltd:
1. Net Profit Margin: 9.39%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 11.6% (Industry Average ROCE: 12.4%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 9.29% (Industry Average ROE: 12.65%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 6.44
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.44
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 10.9 (Industry average Stock P/E: 21.56)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.48
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Dalmia Bharat Sugar and Industries Ltd. is a Public Limited Listed company incorporated on 01/11/1951 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L15100TN1951PLC000640 and registration number is 000640. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company's Total Operating Revenue is Rs. 2898.89 Cr. and Equity Capital is Rs. 16.19 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Sugar	Dalmiapuram, Tiruchirapalli Dist. Tamil Nadu 621651	sec.corp@dalmiasugar.com http://www.dalmiasugar.com

Management
Name	Position Held
Mr. Rajeev Bakshi	Chairman
Mr. Gautam Dalmia	Managing Director
Mr. Bharat Bhushan Mehta	WholeTime Director & CEO
Ms. Amita Misra	Director
Mr. P Kannan	Director
Mr. T Venkatesan	Director

FAQ

What is the intrinsic value of Dalmia Bharat Sugar & Industries Ltd?

Dalmia Bharat Sugar & Industries Ltd's intrinsic value (as of 12 May 2025) is ₹283.23 — 29.54% lower the current market price of 402.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 3,248 Cr. market cap, FY2025-2026 high/low of ₹585/291, reserves of 3,033 Cr, and liabilities of 3,981 Cr.

What is the Market Cap of Dalmia Bharat Sugar & Industries Ltd?

The Market Cap of Dalmia Bharat Sugar & Industries Ltd is 3,248 Cr..

What is the current Stock Price of Dalmia Bharat Sugar & Industries Ltd as on 12 May 2025?

The current stock price of Dalmia Bharat Sugar & Industries Ltd as on 12 May 2025 is 402.

What is the High / Low of Dalmia Bharat Sugar & Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Dalmia Bharat Sugar & Industries Ltd stocks is ₹585/291.

What is the Stock P/E of Dalmia Bharat Sugar & Industries Ltd?

The Stock P/E of Dalmia Bharat Sugar & Industries Ltd is 10.9.

What is the Book Value of Dalmia Bharat Sugar & Industries Ltd?

The Book Value of Dalmia Bharat Sugar & Industries Ltd is 377.

What is the Dividend Yield of Dalmia Bharat Sugar & Industries Ltd?

The Dividend Yield of Dalmia Bharat Sugar & Industries Ltd is 1.24 %.

What is the ROCE of Dalmia Bharat Sugar & Industries Ltd?

The ROCE of Dalmia Bharat Sugar & Industries Ltd is 9.84 %.

What is the ROE of Dalmia Bharat Sugar & Industries Ltd?

The ROE of Dalmia Bharat Sugar & Industries Ltd is 8.51 %.

What is the Face Value of Dalmia Bharat Sugar & Industries Ltd?

The Face Value of Dalmia Bharat Sugar & Industries Ltd is 2.00.