Dollar Industries Ltd. (DOLLAR) AI Stock Analysis

• Market Cap: ₹16.72B
• Dividend Yield: 0.82%
• Average Volume (3M): 80.23K
• Price to Earnings (P/E): 16.1
• Beta (1Y): 0.84
• Revenue Growth: 11.71%
• EPS Growth: 14.14%
• Country: IN
• Employees: 2,160
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 3.10
• Shares Outstanding: 56,716,120
• 10 Day Avg. Volume: 38,201
• 30 Day Avg. Volume: 80,233
• PEG Ratio: 27.89
• Price to Book (P/B): 2.61
• Price to Sales (P/S): 1.31
• P/FCF Ratio: 127.81
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 21.01
• Revenue Forecast (FY): ₹18.89B

• Rating: 69 Neutral
• Price Target: ₹316.00 ▼(-9.16% Downside)
• Action: Reiterated Date: 10/07/25
• Date: Action: Reiterated 10/07/25

Dollar Industries Ltd. demonstrates a strong financial performance with consistent growth, which is the most significant factor in its overall score. The technical analysis indicates a neutral market sentiment, while the valuation suggests moderate pricing. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Consistent revenue and profit growth

Sustained topline and net profit growth indicates durable underlying demand for Dollar's products and effective cost control. Over 2-6 months this supports reinvestment in distribution, brand building and working-capital recovery, strengthening the franchise and operating leverage.

Improved free cash flow to positive

Shifting free cash flow from negative to positive demonstrates improved cash generation and conversion of earnings. That enhances financial flexibility to fund capex, reduce leverage, or support brand/distribution investments over the medium term without relying on external financing.

Broad brand portfolio and distribution

A multi-tier brand portfolio plus wide distributor/retailer reach provides resilient revenue channels, aids premiumization and geographic expansion. Structural distribution strength supports steady volume growth and higher shelf presence versus smaller regional rivals over multiple quarters.

Negative Factors

Rising total liabilities

Increasing total liabilities signal rising leverage or funding needs that can constrain financial flexibility. Over the medium term higher liabilities raise interest and refinancing risk, limiting capacity to invest in growth, absorb input-cost shocks, or accelerate premiumization initiatives.

Volatile free cash flow growth

Volatility in free cash flow growth suggests swings from capex or working-capital cycles, reducing predictability of internal funding. Persistent FCF variability can hinder consistent dividend policy, strategic investments or steady deleveraging over the next several quarters.

Fluctuating operating margins

Modest volatility in EBIT/EBITDA margins points to sensitivity to input costs, pricing and operational efficiency. Over time this margin variability can compress returns on invested capital and complicate long-range planning for marketing, premiumization or capacity expansion.

Dollar Industries Ltd. Business Overview & Revenue Model

Company Description

Dollar Industries Limited manufactures and sells hosiery products in knitted inner wears, casual wears, and thermal wears primarily in India. It offers vests, briefs, trunks, gym wears, socks, tank tops, crew necks, polos, henley, bermudas, capri, track pants, and joggers for men; camisoles, panties, leggings, socks, and casual wears for women; and T-shirts, shorts, track pants, bermudas, capri, socks, and trousers for children, as well as safety mask and PPE suits. The company offers its products under the BigBoss, J-Class, Athleisure, Missy, Champion, Force NXT, Force Gowear, Ultra, Winter care, and Doller Protect brands. It also exports its products in the United Arab Emirates, Oman, Qatar, Kuwait, Bahrain, Yemen, Iraq, Nigeria, Nepal, Myanmar, Jordon, Bangladesh, Georgia, Sri Lanka, and Somalia. Dollar Industries Limited was founded in 1972 and is headquartered in Kolkata, India.

How the Company Makes Money

Dollar Industries Ltd. generates revenue primarily through the sale of its hosiery and innerwear products. The company's key revenue streams include the domestic market, where it sells its products through a widespread network of distributors and retailers, and the international market, which it accesses through exports. Dollar Industries benefits from its diversified product portfolio and multiple sub-brands that target different consumer demographics and preferences. Additionally, the company engages in strategic partnerships and collaborations to enhance its market reach and brand visibility. Factors contributing to its earnings include a strong brand image, a comprehensive product range, and effective supply chain management.

Dollar Industries Ltd. Financial Statement Overview

Summary

Dollar Industries Ltd. presents a strong financial profile with consistent revenue and profit growth, underpinned by effective cost management and leverage. However, rising liabilities and fluctuating cash flows may pose future challenges.

Income Statement

Dollar Industries Ltd. has demonstrated consistent revenue growth, with a notable increase from 2023 to 2025. The gross profit margin remains robust, and the net profit margin has improved slightly, indicating efficient cost management. However, the EBIT and EBITDA margins have shown modest fluctuations, suggesting potential challenges in maintaining operational efficiency consistently.

Balance Sheet

The company's balance sheet reflects a stable financial position with a reasonable debt-to-equity ratio, showing effective leverage management. Stockholders' equity has consistently grown, enhancing the equity ratio. Despite these strengths, the company's total liabilities have increased, which warrants cautious monitoring.

Cash Flow

Cash flow analysis reveals a notable improvement in free cash flow from negative to positive in 2025, indicating better cash management. The operating cash flow to net income ratio suggests effective conversion of earnings to cash flow, although the free cash flow growth rate has been volatile, pointing to fluctuating capital expenditures.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	17.76B	17.10B	15.72B	13.94B	13.43B	10.37B
Gross Profit	5.90B	5.67B	3.69B	3.62B	4.15B	3.03B
EBITDA	1.97B	1.90B	1.61B	974.83M	2.24B	1.40B
Net Income	970.54M	910.36M	901.97M	525.39M	1.47B	853.17M
Balance Sheet
Total Assets	0.00	14.76B	13.47B	10.73B	11.11B	8.37B
Cash, Cash Equivalents and Short-Term Investments	3.38M	13.33M	21.25M	13.40M	20.08M	87.56M
Total Debt	0.00	3.44B	3.21B	1.75B	2.14B	1.30B
Total Liabilities	-8.60B	6.16B	5.63B	3.65B	4.40B	3.00B
Stockholders Equity	8.60B	8.56B	7.81B	7.07B	6.71B	5.37B
Cash Flow
Free Cash Flow	0.00	174.91M	-1.04B	802.83M	-588.13M	1.10B
Operating Cash Flow	0.00	737.83M	-255.69M	1.36B	3.44M	1.32B
Investing Cash Flow	0.00	-535.16M	-801.28M	-575.83M	-618.51M	-219.37M
Financing Cash Flow	0.00	-220.54M	1.08B	-785.24M	547.44M	-1.09B

Dollar Industries Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 347.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DOLLAR, the sentiment is Negative. The current price of 347.85 is above the 20-day moving average (MA) of 315.52, above the 50-day MA of 331.33, and below the 200-day MA of 361.19, indicating a bearish trend. The MACD of -9.28 indicates Positive momentum. The RSI at 29.33 is Positive, neither overbought nor oversold. The STOCH value of 5.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DOLLAR.

Dollar Industries Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DOLLAR	69 Neutral	₹16.72B	16.06	―	0.82%	11.71%	14.14%
MANOMAY	69 Neutral	₹4.00B	22.17	―	―	8.41%	8.81%
CHEVIOT	63 Neutral	₹6.27B	8.95	―	0.45%	21.72%	-26.78%
SANGAMIND	63 Neutral	₹23.49B	39.65	―	0.45%	13.88%	-0.56%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HIMATSEIDE	51 Neutral	₹12.72B	17.54	―	0.21%	-7.55%	-30.11%