Dalmia Bharat Sugar and Industries
- 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.
- 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.
- 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.
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- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA+ | Stable | 7 Jul 2026 |
| India Ratings | IND AA; IND A1+ | Positive | 25 Mar 2026 |
| ICRA | — | — | 12 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 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 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 7 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 5 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 5 Feb 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025 and dividend |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 5 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 13 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 732 | 584 | 750 | 960 | 926 | 838 | 1,016 | 941 | 989 | 698 | 991 | 848 |
| Expenses | 666 | 474 | 631 | 849 | 861 | 737 | 818 | 851 | 932 | 588 | 821 | 805 |
| Operating Profit | 65 | 109 | 119 | 111 | 66 | 101 | 197 | 90 | 56 | 109 | 170 | 43 |
| 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 Income | 56 | 27 | 37 | 16 | 16 | 19 | 16 | 11 | 20 | 29 | 34 | 28 |
| Interest | 16 | 8 | 16 | 26 | 12 | 9 | 16 | 16 | 10 | 12 | 25 | 27 |
| Depreciation | 31 | 32 | 33 | 26 | 32 | 35 | 38 | 32 | 34 | 33 | 37 | 34 |
| Profit before tax | 74 | 96 | 107 | 75 | 38 | 76 | 160 | 53 | 31 | 93 | 143 | 10 |
| 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 Profit | 55 | 65 | 91 | 55 | 66 | 59 | 199 | 39 | 23 | 70 | 104 | 7 |
| EPS in Rs | 6.79 | 8.02 | 11.29 | 6.77 | 8.18 | 7.33 | 24.57 | 4.85 | 2.88 | 8.61 | 12.91 | 0.95 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 12%
- 5 Years
- 6%
- 3 Years
- 4%
- TTM
- −5%
- 10 Years
- 17%
- 5 Years
- −3%
- 3 Years
- −2%
- TTM
- −44%
- 10 Years
- 16%
- 5 Years
- 2%
- 3 Years
- 10%
- TTM
- —
- 10 Years
- 11%
- 5 Years
- 10%
- 3 Years
- 9%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Dalmia Bharat Sugar and Industries | ₹ 420.00 | ₹ 3,463 Cr. | 16.1x | 1.1x | 7% | — |
| Nestle India | ₹ 1,173.45 | ₹ 2,26,278 Cr. | 80.4x | 53.4x | 76.3% | 15.1% |
| Britannia Industries | ₹ 4,547.80 | ₹ 1,09,542 Cr. | 51.5x | 25.5x | 53.6% | 13.3% |
| Tata Consumer Products | ₹ 960.00 | ₹ 95,010 Cr. | 67.4x | 4.9x | 7.4% | 8.1% |
| Godrej Industries | ₹ 918.00 | ₹ 30,884 Cr. | 34.9x | 4x | 11.6% | 10.9% |
| Patanjali Foods | ₹ 351.00 | ₹ 38,193 Cr. | 18.9x | 2.8x | 14.8% | 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.