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Last Updated: April 2, 2026, 2:49 am
Author: Getaka|Social: XLinkedIn

Dhampur Sugar Mills Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹83.69Overvalued by 40.65%vs CMP ₹141.00

P/E (13.2) × ROE (4.4%) × BV (₹175.00) × DY (2.00%)

₹146.91Fairly Valued by 4.19%vs CMP ₹141.00
MoS: +4% (Thin)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹72.4222%Over (-48.6%)
Graham NumberEarnings₹203.5316%Under (+44.3%)
Earnings PowerEarnings₹86.2611%Over (-38.8%)
DCFCash Flow₹29.9913%Over (-78.7%)
Net Asset ValueAssets₹175.287%Under (+24.3%)
EV/EBITDAEnterprise₹213.149%Under (+51.2%)
Earnings YieldEarnings₹105.207%Over (-25.4%)
ROCE CapitalReturns₹420.529%Under (+198.2%)
Revenue MultipleRevenue₹152.455%Fair (+8.1%)
Consensus (9 models)₹146.91100%Fairly Valued
Key Drivers: ROE 4.4% is below cost of equity. | Wide model spread (₹30–₹421) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -13.5%

*Investments are subject to market risks

Investment Snapshot

56
Dhampur Sugar Mills Ltd scores 56/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health53/100 · Moderate
ROCE 5.9% WeakROE 4.4% WeakD/E 0.66 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 49.9% Stable
Earnings Quality50/100 · Moderate
OPM stable around 11% Steady
Quarterly Momentum68/100 · Strong
Revenue (4Q): +10% YoY GrowingProfit (4Q): +23% YoY Positive
Industry Rank60/100 · Moderate
P/E 13.2 vs industry 20.7 Cheaper than peersROCE 5.9% vs industry 8.6% Average3Y sales CAGR: 1% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:49 am

Market Cap 905 Cr.
Current Price 141
Intrinsic Value₹146.91
High / Low 162/109
Stock P/E13.2
Book Value 175
Dividend Yield0.00 %
ROCE5.86 %
ROE4.44 %
Face Value 10.0
PEG Ratio-0.98

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

View Share Price Target for Dhampur Sugar Mills Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Dhampur Sugar Mills Ltd 905 Cr. 141 162/10913.2 1750.00 %5.86 %4.44 % 10.0
Uttam Sugar Mills Ltd 933 Cr. 245 331/1818.10 2051.02 %11.8 %12.4 % 10.0
Avadh Sugar & Energy Ltd 942 Cr. 470 586/30612.5 5292.13 %9.19 %8.24 % 10.0
Dwarikesh Sugar Industries Ltd 861 Cr. 46.5 52.6/32.143.6 40.71.08 %5.48 %2.86 % 1.00
Dhampur Bio Organics Ltd 754 Cr. 114 127/65.031.8 1451.10 %3.97 %1.56 % 10.0
Industry Average2,024.68 Cr265.4020.73225.550.76%8.62%7.89%6.37

All Competitor Stocks of Dhampur Sugar Mills Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 544671783459364562504421412619521504451
Expenses 458567689437311465477422370518499495395
Operating Profit 861049422549627-042101231056
OPM % 16%16%12%5%15%17%5%-0%10%16%4%2%12%
Other Income 04151644671826
Interest 5111476151612101216108
Depreciation 14161312161713131619141416
Profit before tax 678268748692-2022711-1337
Tax % 31%26%33%28%33%25%28%-33%30%31%30%-38%29%
Net Profit 466145532522-1315491-827
EPS in Rs 6.989.096.830.814.787.930.24-2.062.317.500.13-1.234.12

Last Updated: February 6, 2026, 4:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 9:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,8231,7772,2332,5843,3522,8923,4842,1581,9042,4602,1691,9572,096
Expenses 1,6931,6442,0232,0682,9972,4333,1321,8791,6132,1521,9021,7871,907
Operating Profit 130134210516354460353279292308267170189
OPM % 7%8%9%20%11%16%10%13%15%12%12%9%9%
Other Income 21173525271831961011271817
Interest 15915015916712290101395044435047
Depreciation 76555554587076515052596263
Profit before tax -84-54313202033172072842022231927597
Tax % -7%-76%18%28%25%21%-4%19%29%29%30%30%
Net Profit -78-13262301512512162291441581355269
EPS in Rs -13.70-2.194.3034.4222.8537.8132.6134.5221.6923.7220.547.9810.52
Dividend Payout % 0%0%0%17%13%17%18%17%28%25%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)83.33%300.00%784.62%-34.35%66.23%-13.94%6.02%-37.12%9.72%-14.56%-61.48%
Change in YoY Net Profit Growth (%)0.00%216.67%484.62%-818.96%100.57%-80.17%19.96%-43.14%46.84%-24.28%-46.92%

Dhampur Sugar Mills Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:-11%
3 Years:1%
TTM:4%
Compounded Profit Growth
10 Years:20%
5 Years:-25%
3 Years:-30%
TTM:-43%
Stock Price CAGR
10 Years:18%
5 Years:1%
3 Years:-17%
1 Year:-39%
Return on Equity
10 Years:15%
5 Years:12%
3 Years:11%
Last Year:4%

Last Updated: September 5, 2025, 2:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:10 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 57596066666666666666656564
Reserves 3633486358369351,1581,2951,4948199761,0351,0871,061
Borrowings 1,3581,6261,6721,9151,4491,8241,7521,158886744981936488
Other Liabilities 956995828514685877755753394335276299212
Total Liabilities 2,7353,0283,1963,3313,1363,9273,8693,4712,1652,1222,3572,3871,826
Fixed Assets 1,0861,2541,4961,4941,5971,5971,6381,6149991,0451,1501,1321,117
CWIP 20718282724347212910317912
Investments 211321223524727215
Other Assets 1,4401,7551,6711,8071,5122,2842,2221,8331,1329711,1431,219482
Total Assets 2,7353,0283,1963,3313,1363,9273,8693,4712,1652,1222,3572,3871,826

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 481-81168-48805-203338880-0383-53201
Cash from Investing Activity + -247-46-42-56-140-90-49-80-105-146-9222
Cash from Financing Activity + -239125-117106-647268-293-73877-243109-111
Net Cash Flow -5-29219-26-363-28-6-36112
Free Cash Flow 231-130120-103660-283278796-88234-105183
CFO/OP 372%-60%80%4%243%-32%109%329%12%137%-9%127%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow129.00133.00209.00515.00353.00459.00352.00278.00-594.00-436.00-714.00-766.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 244641312749365031292828
Inventory Days 311327265315158302216293230129208215
Days Payable 1791769956731208113563352432
Cash Conversion Cycle 157196207289113231171209198123212211
Working Capital Days -63-67-53-12-2219163711202324
ROCE %4%5%8%19%12%15%10%11%11%15%11%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 49.09%49.09%49.09%49.09%49.12%49.12%49.12%49.10%49.10%49.87%49.87%49.87%
FIIs 4.77%6.45%7.57%6.21%6.02%5.50%3.99%2.14%1.98%2.04%2.05%1.91%
DIIs 0.50%0.45%0.47%0.45%0.46%0.46%0.46%0.46%0.47%0.48%0.48%0.58%
Public 45.65%44.02%42.88%44.24%44.40%44.92%46.43%48.30%48.45%47.61%47.59%47.63%
No. of Shareholders 78,35171,18072,71979,51085,14190,19493,55595,01993,87592,06390,73788,579

Shareholding Pattern Chart

No. of Shareholders

Dhampur Sugar Mills Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 7.9820.2723.8021.7034.52
Diluted EPS (Rs.) 7.9820.2723.8021.7034.52
Cash EPS (Rs.) 17.4929.5731.6529.2746.15
Book Value[Excl.RevalReserv]/Share (Rs.) 176.27168.30157.06133.32234.77
Book Value[Incl.RevalReserv]/Share (Rs.) 176.27168.30157.06133.32234.77
Revenue From Operations / Share (Rs.) 406.30404.84432.96325.85636.79
PBDIT / Share (Rs.) 28.6544.8748.0345.5071.16
PBIT / Share (Rs.) 19.1835.8840.1837.9259.46
PBT / Share (Rs.) 11.4929.3833.5630.3747.44
Net Profit / Share (Rs.) 8.0220.5723.8021.7034.46
NP After MI And SOA / Share (Rs.) 7.9920.5423.7321.7034.49
PBDIT Margin (%) 7.0511.0811.0913.9611.17
PBIT Margin (%) 4.728.869.2811.639.33
PBT Margin (%) 2.827.257.759.317.45
Net Profit Margin (%) 1.975.085.496.655.41
NP After MI And SOA Margin (%) 1.965.075.486.655.41
Return on Networth / Equity (%) 4.5312.2015.1016.2714.69
Return on Capital Employeed (%) 8.8217.0519.8021.5220.08
Return On Assets (%) 2.185.697.426.656.60
Long Term Debt / Equity (X) 0.120.140.200.260.20
Total Debt / Equity (X) 0.780.870.690.990.66
Asset Turnover Ratio (%) 1.121.181.340.761.15
Current Ratio (X) 1.291.211.241.121.20
Quick Ratio (X) 0.350.260.380.260.34
Inventory Turnover Ratio (X) 2.922.212.221.491.94
Dividend Payout Ratio (NP) (%) 0.0029.650.0027.6517.37
Dividend Payout Ratio (CP) (%) 0.0020.620.0020.4912.97
Earning Retention Ratio (%) 0.0070.350.0072.3582.63
Cash Earning Retention Ratio (%) 0.0079.380.0079.5187.03
Interest Coverage Ratio (X) 3.736.907.266.025.92
Interest Coverage Ratio (Post Tax) (X) 2.044.164.603.873.87
Enterprise Value (Cr.) 1568.302303.372152.924371.242166.69
EV / Net Operating Revenue (X) 0.590.870.742.020.51
EV / EBITDA (X) 8.377.856.7514.474.58
MarketCap / Net Operating Revenue (X) 0.290.510.511.640.28
Retention Ratios (%) 0.0070.340.0072.3482.62
Price / BV (X) 0.671.241.424.010.77
Price / Net Operating Revenue (X) 0.290.510.511.640.28
EarningsYield 0.060.090.100.040.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Dhampur Sugar Mills Ltd. is a Public Limited Listed company incorporated on 22/05/1933 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L15249UP1933PLC000511 and registration number is 000511. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company's Total Operating Revenue is Rs. 2655.00 Cr. and Equity Capital is Rs. 65.38 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
SugarSugar, Co-generation and Distillery Unit: Bijnor District Uttar Pradesh 246761Contact not found
Management
NamePosition Held
Mr. Ashok Kumar GoelChairman
Mr. Gaurav GoelVice Chairman & Mng.Director
Mr. Subhash PandeyWhole Time Director
Mr. Yashwardhan PoddarIndependent Director
Mr. Satpal Kumar AroraIndependent Director
Mr. Anuj KhannaIndependent Director
Ms. Pallavi KhandelwalIndependent Director

FAQ

What is the intrinsic value of Dhampur Sugar Mills Ltd and is it undervalued?

As of 15 April 2026, Dhampur Sugar Mills Ltd's intrinsic value is ₹146.91, which is 4.19% higher than the current market price of ₹141.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (4.44 %), book value (₹175), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Dhampur Sugar Mills Ltd?

Dhampur Sugar Mills Ltd is trading at ₹141.00 as of 15 April 2026, with a FY2026-2027 high of ₹162 and low of ₹109. The stock is currently in the middle of its 52-week range. Market cap stands at ₹905 Cr..

How does Dhampur Sugar Mills Ltd's P/E ratio compare to its industry?

Dhampur Sugar Mills Ltd has a P/E ratio of 13.2, which is below the industry average of 20.73. This is broadly in line with or below the industry average.

Is Dhampur Sugar Mills Ltd financially healthy?

Key indicators for Dhampur Sugar Mills Ltd: ROCE of 5.86 % is on the lower side compared to the industry average of 8.62%; ROE of 4.44 % is below ideal levels (industry average: 7.89%). Dividend yield is 0.00 %.

Is Dhampur Sugar Mills Ltd profitable and how is the profit trend?

Dhampur Sugar Mills Ltd reported a net profit of ₹52 Cr in Mar 2025 on revenue of ₹1,957 Cr. Compared to ₹144 Cr in Mar 2022, the net profit shows a declining trend.

Does Dhampur Sugar Mills Ltd pay dividends?

Dhampur Sugar Mills Ltd has a dividend yield of 0.00 % at the current price of ₹141.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dhampur Sugar Mills Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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