Dollar Industries Ltd. (IN:DOLLAR)
:DOLLAR
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Dollar Industries Ltd.
(DOLLAR)
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Rating:60Neutral
Price Target:
₹286.00
▼(-17.78% Downside)
Action:Reiterated
Date:05/26/26
The score is driven primarily by solid-but-not-clean financials (moderate leverage and steady growth offset by margin pressure and uneven cash conversion). Technicals are weaker with the stock below key longer-term averages and a negative MACD, and valuation looks somewhat elevated for the current profitability/cash-flow profile.
Positive Factors
Steady revenue growth
Consistent multi-year top-line growth indicates durable demand for Dollar's innerwear and hosiery, supporting better capacity utilization and distribution leverage. Over a 2–6 month horizon this trend underpins predictability in volumes and helps absorb fixed costs, aiding long-term operating stability.
Negative Factors
Gross margin deterioration
A sharp FY2026 gross margin decline and modest net margins compress earnings power and reduce retained cash for reinvestment. Over the medium term this limits the company's ability to expand margins via brand investment or absorb input-cost shocks, making profitability more sensitive to commodity or pricing pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent multi-year top-line growth indicates durable demand for Dollar's innerwear and hosiery, supporting better capacity utilization and distribution leverage. Over a 2–6 month horizon this trend underpins predictability in volumes and helps absorb fixed costs, aiding long-term operating stability.
Read all positive factors
Dollar Industries Ltd. (DOLLAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.25B
Dividend Yield0.82%
Average Volume (3M)80.23K
Price to Earnings (P/E)14.1
Beta (1Y)0.80
Revenue Growth9.97%
EPS Growth17.98%
CountryIN
Employees2,160
SectorConsumer Defensive
Sector Strength42
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)18.63
Shares Outstanding56,716,120
10 Day Avg. Volume38,201
30 Day Avg. Volume80,233
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)1.34
Price to Sales (P/S)0.67
P/FCF Ratio17.13
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)23.9
Revenue Forecast (FY)₹20.59B
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,...
How the Company Makes Money
Dollar Industries primarily makes money by selling branded hosiery/innerwear apparel through a distributor- and retailer-led sales network across India. Its core revenue stream is the sale of finished goods (innerwear/hosiery) under its brands, wi...
Dollar Industries Ltd. Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.01B | 18.81B | 17.10B | 15.72B | 13.94B | 13.43B |
| Gross Profit | 6.04B | 4.65B | 5.67B | 3.69B | 3.62B | 4.15B |
| EBITDA | 2.09B | 2.00B | 1.90B | 1.61B | 974.83M | 2.24B |
| Net Income | 1.06B | 1.07B | 910.36M | 901.97M | 525.39M | 1.47B |
Balance Sheet | ||||||
| Total Assets | 15.19B | 15.45B | 14.76B | 13.47B | 10.73B | 11.11B |
| Cash, Cash Equivalents and Short-Term Investments | 20.10M | 2.20M | 13.33M | 21.25M | 13.40M | 20.08M |
| Total Debt | 3.38B | 2.91B | 3.44B | 3.21B | 1.75B | 2.14B |
| Total Liabilities | 6.17B | 5.90B | 6.16B | 5.63B | 3.65B | 4.40B |
| Stockholders Equity | 8.96B | 9.49B | 8.56B | 7.81B | 7.07B | 6.71B |
Cash Flow | ||||||
| Free Cash Flow | 347.95M | 739.41M | 174.91M | -1.04B | 802.83M | -588.13M |
| Operating Cash Flow | 470.86M | 1.17B | 737.83M | -255.69M | 1.36B | 3.44M |
| Investing Cash Flow | -114.39M | -449.96M | -535.16M | -801.28M | -575.83M | -618.51M |
| Financing Cash Flow | -358.13M | -724.84M | -220.54M | 1.08B | -785.24M | 547.44M |
Dollar Industries Ltd. Technical Analysis
Negative
347.85
Price Trends
271.19
Negative
292.46
Negative
326.08
Negative
Market Momentum
-4.05
Positive
43.29
Neutral
34.18
Neutral
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 280.43, above the 50-day MA of 271.19, and above the 200-day MA of 326.08, indicating a bearish trend. The MACD of -4.05 indicates Positive momentum. The RSI at 43.29 is Neutral, neither overbought nor oversold. The STOCH value of 34.18 is Neutral, 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
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹6.52B | 12.19 | ― | 0.45% | 24.57% | -10.48% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | ₹15.25B | 14.06 | ― | 0.82% | 9.97% | 17.98% | |
56 Neutral | ₹25.90B | 31.39 | ― | 0.45% | 13.22% | 159.73% | |
45 Neutral | ₹10.04B | 16.03 | ― | 0.21% | -9.47% | -29.45% | |
45 Neutral | ₹3.22B | 19.84 | ― | ― | 1.98% | -2.66% |
* Consumer Defensive Sector Average
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Dollar Industries Ltd. Corporate Events
Dollar Industries posts 18% profit growth in FY26, leans on premium brands amid rising input costs
May 23, 2026
Dollar Industries reported consolidated total income of ₹1,88,517 lakh for FY26, up 9.9% year-on-year, driven by 9.8% annual volume growth and strong Q4 momentum. Operating income rose 10%, gross profit increased 9.6% with a 33% margin, and ...
Dollar Industries Shares Q4 and FY26 Investor Presentation Ahead of Earnings Call
May 23, 2026
Dollar Industries Ltd. has circulated an investor presentation ahead of its scheduled Q4 and FY26 earnings call with analysts and institutional investors, organized by Anand Rathi Research on 25 May 2026. The presentation will cover the company...
Dollar Industries files SEBI dematerialisation compliance certificate for March quarter
Apr 8, 2026
Dollar Industries Limited has reported that its registrar and transfer agent, Niche Technologies Pvt. Ltd., has issued a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter en...
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.