DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED

Financials Dalmia Bharat Sugar and Industries Limited NSE India S.E.

Equities

DALMIASUG

INE495A01022

Food Processing

Delayed NSE India S.E. Other stock markets 12:50:34 2024-07-10 am EDT			5-day change	1st Jan Change
412.8 ^INR	-1.94%		-0.86%	+0.10%

Jun. 29	BSE Limited Levies Fine of INR 5,900 on Dalmia Bharat Sugar and Industries Limited	CI
Jun. 27	Glass Lewis ESG Controversy Alert: Dalmia Bharat Sugar and Industries	MT

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,958	15,099	39,001	27,240	27,515	33,999	-
Enterprise Value (EV) ¹	3,958	15,099	39,001	27,240	27,515	33,999	33,999
P/E ratio	2.05 x	5.59 x	13.2 x	10.9 x	10.1 x	11.4 x	10 x
Yield	4.09%	1.61%	0.83%	1.19%	-	-	-
Capitalization / Revenue	0.19 x	0.56 x	1.29 x	0.84 x	0.95 x	0.96 x	0.88 x
EV / Revenue	0.19 x	0.56 x	1.29 x	0.84 x	0.95 x	0.96 x	0.88 x
EV / EBITDA	1.52 x	3.2 x	8.71 x	6.24 x	6.68 x	6.67 x	6.03 x
EV / FCF	-	-	-	-	-4.54 x	18 x	10.3 x
FCF Yield	-	-	-	-	-22%	5.57%	9.75%
Price to Book	0.26 x	0.7 x	1.64 x	1.01 x	-	-	-
Nbr of stocks (in thousands)	80,939	80,939	80,939	80,939	80,939	80,939	-
Reference price ²	48.90	186.6	481.8	336.6	340.0	420.0	420.0
Announcement Date	6/19/20	5/24/21	5/24/22	7/19/23	5/14/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	20,347	26,858	30,182	32,521	28,994	35,325	38,726
EBITDA ¹	2,604	4,714	4,477	4,365	4,118	5,094	5,642
EBIT	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	2,475	3,679	3,821	3,532	3,634	3,968	4,530
Net income ¹	1,932	2,703	2,957	2,501	2,725	2,968	3,388
Net margin	9.49%	10.07%	9.8%	7.69%	9.4%	8.4%	8.75%
EPS ²	23.87	33.40	36.54	30.90	33.66	36.70	41.90
Free Cash Flow ¹	-	-	-	-	-6,056	1,894	3,316
FCF margin	-	-	-	-	-20.89%	5.36%	8.56%
FCF Conversion (EBITDA)	-	-	-	-	-	37.18%	58.77%
FCF Conversion (Net income)	-	-	-	-	-	63.81%	97.87%
Dividend per Share	2.000	3.000	4.000	4.000	-	-	-
Announcement Date	6/19/20	5/24/21	5/24/22	7/19/23	5/14/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	-	7,318	5,836	7,500
EBITDA ¹	-	654.9	1,092	1,187
EBIT	-	-	-	-
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Net income	613.4	-	-	-
Net margin	-	-	-	-
EPS	7.580	-	-	-
Dividend per Share	-	-	-	-
Announcement Date	8/1/23	11/6/23	2/2/24	5/14/24

¹INR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	-6,056	1,894	3,316
ROE (net income / shareholders' equity)	12.7%	14.8%	13.1%	9.88%	9.67%	10.5%	11.8%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share	188.0	265.0	293.0	334.0	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	904	719	3,334	2,178	3,663	1,490	790
Capex / Sales	4.44%	2.68%	11.05%	6.7%	12.63%	4.22%	2.04%
Announcement Date	6/19/20	5/24/21	5/24/22	7/19/23	5/14/24	-	-

¹INR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Dalmia Bharat Sugar and Industries Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

420 INR

Average target price

490 INR

Spread / Average Target

+16.65%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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Sugar & Artificial Sweeteners