Dalmia Bharat Sugar & Industries Ltd. (IN:DALMIASUG)
:DALMIASUG
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Dalmia Bharat Sugar & Industries Ltd.
(DALMIASUG)
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Rating:56Neutral
Price Target:
₹353.00
▲(17.94% Upside)
Action:Downgraded
Date:05/09/26
The score is held back primarily by weakening cash generation and increased leverage alongside margin pressure, despite continued profitability. Offsetting this, the stock’s technical setup is supportive (above key moving averages with positive MACD) and valuation looks reasonable with a moderate P/E and modest dividend yield.
Positive Factors
Integrated operations (sugar, ethanol, power)
An integrated model combining sugar, ethanol/distillery products and cogeneration creates diversified, related revenue streams and internal feedstock/power synergies. This reduces reliance on a single product cycle, helps monetize by-products, and aligns with structural ethanol policy support.
Negative Factors
Weak and volatile cash generation
Sharp declines and volatility in operating and free cash flow weaken the firm’s ability to convert earnings into liquidity. This undermines capacity to fund capex, repay or reduce debt, and sustain investments without raising external financing, hurting long‑term flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated operations (sugar, ethanol, power)
An integrated model combining sugar, ethanol/distillery products and cogeneration creates diversified, related revenue streams and internal feedstock/power synergies. This reduces reliance on a single product cycle, helps monetize by-products, and aligns with structural ethanol policy support.
Read all positive factors
Dalmia Bharat Sugar & Industries Ltd. (DALMIASUG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹28.41B
Dividend Yield2%
Average Volume (3M)5.93K
Price to Earnings (P/E)13.5
Beta (1Y)1.39
Revenue Growth-3.36%
EPS Growth-39.27%
CountryIN
Employees2,357
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)40.46
Shares Outstanding80,939,300
10 Day Avg. Volume4,913
30 Day Avg. Volume5,931
Financial Highlights & Ratios
PEG Ratio-0.35
Price to Book (P/B)0.99
Price to Sales (P/S)0.89
P/FCF Ratio34.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)37.7
Revenue Forecast (FY)₹38.07B
Dalmia Bharat Sugar & Industries Ltd. Business Overview & Revenue Model
Company Description
Dalmia Bharat Sugar and Industries Limited engages in the sugar business in India and internationally. It operates through Own Manufactured Sugar, Power, Distillery, and Others segments. The company manufactures and sells refined sugar and double ...
How the Company Makes Money
The company makes money mainly by selling (1) sugar produced from sugarcane, (2) ethanol and other distillery products manufactured from sugarcane-based feedstocks (such as molasses and/or sugarcane juice/syrup, depending on plant configuration an...
Dalmia Bharat Sugar & Industries Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
36
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.91B | 36.18B | 37.46B | 28.99B | 32.45B | 29.16B |
| Gross Profit | 9.78B | 6.15B | 10.17B | 8.48B | 9.03B | 7.82B |
| EBITDA | 4.85B | 4.26B | 4.69B | 5.40B | 5.12B | 5.28B |
| Net Income | 3.28B | 2.37B | 3.87B | 2.72B | 2.50B | 2.95B |
Balance Sheet | ||||||
| Total Assets | 42.34B | 55.21B | 48.63B | 51.62B | 38.03B | 38.22B |
| Cash, Cash Equivalents and Short-Term Investments | 10.20B | 4.34B | 3.55B | 5.30B | 1.68B | 4.03B |
| Total Debt | 5.47B | 18.03B | 10.44B | 14.30B | 4.54B | 8.19B |
| Total Liabilities | 10.09B | 22.86B | 16.29B | 22.30B | 10.98B | 14.63B |
| Stockholders Equity | 32.25B | 32.42B | 32.35B | 29.32B | 27.05B | 23.59B |
Cash Flow | ||||||
| Free Cash Flow | 7.69B | 925.60M | 3.09B | -6.06B | 3.65B | 2.34B |
| Operating Cash Flow | 8.06B | 2.17B | 4.50B | -2.39B | 5.83B | 5.67B |
| Investing Cash Flow | -3.50B | -9.01B | -1.08B | -2.57B | -1.92B | -3.27B |
| Financing Cash Flow | -5.29B | 7.16B | -4.80B | 9.02B | -4.19B | -2.17B |
Dalmia Bharat Sugar & Industries Ltd. Technical Analysis
Negative
299.30
Price Trends
355.52
Negative
320.76
Positive
331.76
Positive
Market Momentum
-4.45
Positive
38.79
Neutral
10.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DALMIASUG, the sentiment is Negative. The current price of 299.3 is below the 20-day moving average (MA) of 376.85, below the 50-day MA of 355.52, and below the 200-day MA of 331.76, indicating a neutral trend. The MACD of -4.45 indicates Positive momentum. The RSI at 38.79 is Neutral, neither overbought nor oversold. The STOCH value of 10.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DALMIASUG.
Dalmia Bharat Sugar & Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | ₹107.23B | 26.53 | ― | 0.79% | 15.80% | -13.42% | |
60 Neutral | ₹44.83B | 23.32 | ― | 0.35% | 23.72% | 54.92% | |
56 Neutral | ₹28.41B | 13.54 | ― | 2.00% | -3.36% | -39.27% | |
54 Neutral | ₹81.09B | 25.39 | ― | 0.63% | 19.58% | 34.44% | |
46 Neutral | ₹43.24B | 39.15 | ― | ― | -9.36% | 67.67% | |
44 Neutral | ₹51.59B | -7.39 | ― | ― | -13.12% | -163.92% |
* Consumer Defensive Sector Average
IN:DALMIASUG
Dalmia Bharat Sugar & Industries Ltd.
351.05
-83.80
-19.27%
IN:BAJAJHIND
Bajaj Hindusthan Sugar Limited
18.10
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-20.89%
IN:BALRAMCHIN
Balrampur Chini Mills Ltd
530.95
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-3.19%
IN:BANARISUG
Bannari Amman Sugars Limited
3,575.40
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IN:RENUKA
Shree Renuka Sugars Limited
24.24
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-25.05%
IN:TRIVENI
Triveni Engineering and Industries Limited
370.45
-46.42
-11.14%
Dalmia Bharat Sugar & Industries Ltd. Corporate Events
Dalmia Bharat Sugar Closes Trading Window Ahead of Q4 Results
Mar 24, 2026
Dalmia Bharat Sugar Industries Ltd. has announced that its trading window will be closed for designated persons and their relatives from April 1, 2026, in line with the Securities and Exchange Board of India’s insider trading regulations an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.