Dalmia Bharat Sugar and Industries

NSE: DALMIASUGBSE: 500097
Compare with peers
₹ 420.00▲ 13.5 (+3.32%)29 Oct, 03:29 pm IST
Market cap
₹ 3,463 Cr.
P/E
16.1x
P/B
1.09x
52-week range
261.4 – 520
ROE
7%
ROCE
8%
Dividend yield
1.4%
Debt / equity
0.56
Sector
Agricultural Food & other Products
Industry
Sugar
Listed on
NSE, BSE

About

Dalmia Bharat Sugar and Industries Limited is an India-based sugar company. The Company is engaged in the manufacturing of sugar, power generation, manufacturing of industrial alcohol and manufacturing of refractory products. Its segments include sugar, power, distillery and others. The sugar segment is engaged in the manufacturing and marketing of sugar. The power segment includes generation and sale of power. The distillery segment includes the production and sale of ethanol, extra neutral alcohol and sanitizer. The others segment includes the magnesite, travel, and electronics activities of the Company. It exports to various locations, including Indonesia, Malaysia, North Africa and East Africa. The Company owns and operates around five sugar manufacturing plants located in two states: Maharashtra and Uttar Pradesh. Its sugar, distillery and cogeneration production capacity include around 37150 tons of cane crushed per day, 710 kiloliters per day and 126 megawatts respectively.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Sugar: 40 companies →

Dalmia Bharat Sugar and Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)16.1 against a typical 16.6: cheaper than most peers (1st = cheapest).20th of 40
  • Sales growth−9.9% against a typical +5.7% from a year earlier.27th of 36
  • Profit growth−82.4% against a typical −21.1% from a year earlier.12th of 16
  • Share price, 3 months+19.1% against a typical +4.8%.11th of 38
  • Size₹ 3,463.4 Cr. market value against a typical ₹ 365.2 Cr. (1st = largest).6th of 36

Latest announcements

Exchange filings and their impact on the company.

  • 22 Oct 2026General UpdatesHigh impactPositivePrice −3.9% that day
    Subsidiary secures $87.5M loan for $132M Tanzania sugar plant, with parent backing 51% via SBLC.

    Dalmia Bharat Sugar said its step-down subsidiary Eagle Agrotech Tanzania has signed a $87.5 million 10-year term loan with CRDB Bank for its $132 million sugar plant (3500 TCD plus 20 MW co-gen) in Tanzania. The parent will provide a standby letter of credit covering 51% of the loan principal as collateral, with the amount reset yearly based on outstanding drawdown. The loan secures funding for the Tanzania expansion announced in July 2026, while adding leverage and a sizable contingent liability for the parent.

    Filing
  • 15 Oct 2026UpdatesLow impactNeutralPrice −0.4% that day
    Dalmia Bharat Sugar incorporated ADGM holding subsidiary to house foreign investments, with no financial impact disclosed.

    Dalmia Bharat Sugar said its wholly owned subsidiary, Dalmia Bharat Global Holdings Limited, was incorporated in Abu Dhabi Global Market on October 14, 2026. The new company will hold the sugar company's present and future foreign investments, following up on a July 2026 disclosure. No investment amount or business plan was disclosed, so there is no immediate financial impact.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA+ to AA by 2 agencies
AA
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
CARECARE AA+Stable7 Jul 2026
India RatingsIND AA; IND A1+Positive25 Mar 2026
ICRA——12 Dec 2025
Credit rating actions
RatingDetails
7 Jul 2026
Reaffirmed
CARE AA+—CARE₹ 2,101.89 Cr.
25 Mar 2026
Rating action
IND AA—India Ratings₹ 377.5 Cr.
12 Dec 2025
Reaffirmed
——ICRA₹ 1,000 Cr.
24 Nov 2025
Rating action
[ICRA]AA → ——ICRA₹ 500 Cr.
11 Sep 2025
Rating action
[ICRA]AA—ICRA₹ 1,157.67 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
3 Nov 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
7 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
5 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
5 Feb 2026Financial Results/DividendTo consider and approve the financial results for the period ended December 31, 2025 and dividend
4 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
5 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
13 May 2025Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2025 and dividend

Share price

1Y change +15.78%
0 of 2 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7325847509609268381,016941989698991848
Expenses666474631849861737818851932588821805
Operating Profit6510911911166101197905610917043
OPM %9%18.7%15.8%11.6%7.1%12.1%19.4%9.5%5.7%15.7%17.2%5.1%
Other Income562737161619161120293428
Interest1681626129161610122527
Depreciation313233263235383234333734
Profit before tax749610775387616053319314310
Tax %25.8%32.1%14.3%27%−74.7%21.5%−24.6%25.5%25.4%25.2%27.4%29.7%
Net Profit5565915566591993923701047
EPS in Rs6.798.0211.296.778.187.3324.574.852.888.6112.910.95

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
12%
5 Years
6%
3 Years
4%
TTM
−5%
Compounded Profit Growth
10 Years
17%
5 Years
−3%
3 Years
−2%
TTM
−44%
Stock Price CAGR
10 Years
16%
5 Years
2%
3 Years
10%
TTM
—
Return on Equity
10 Years
11%
5 Years
10%
3 Years
9%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
74.92%
0 pts in a year
FIIs
0.52%
−0.56 pts in a year
DIIs
0.27%
+0.22 pts in a year
Government
0.16%
0 pts in a year
Public
24.13%
+0.36 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 16.1xEPS (12 months) ₹ 25.36Median P/E 10.2x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Dalmia Bharat Sugar and Industries₹ 420.00₹ 3,463 Cr.16.1x1.1x7%—
Nestle India₹ 1,173.45₹ 2,26,278 Cr.80.4x53.4x76.3%15.1%
Britannia Industries₹ 4,547.80₹ 1,09,542 Cr.51.5x25.5x53.6%13.3%
Tata Consumer Products₹ 960.00₹ 95,010 Cr.67.4x4.9x7.4%8.1%
Godrej Industries₹ 918.00₹ 30,884 Cr.34.9x4x11.6%10.9%
Patanjali Foods₹ 351.00₹ 38,193 Cr.18.9x2.8x14.8%4.5%

Management

Pankaj Rastogi
Chief Executive Officer, Whole Time Director
Sandeep Garg
Chief Financial Officer
Rachna Goria
Compliance Officer, Company Secretary
Gautam Dalmia
Managing Director, Executive Director

Prices are delayed and for information only. Nothing on this page is investment advice.