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Employees: 2,232
Size Dalmia Bharat Sugar & Industries (DALMIASUG.NS) is an India Consumer Staples company (Agricultural Commodities/Milling) with a market value of $409M, the 931st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹477.50 on 6 Nov 2026.
Performance Over six months the shares gained 22.9%, against -10.1% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 5.4% over the last twelve months (peer median +1.8%); the operating margin is 6.8% (peer median 1.4%).
Valuation It trades at 9.6× forward earnings against a peer median of 13.0× (3rd cheapest of 11).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.4 points below its cost of capital (11.0% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹35.3B | ₹36.2B | ₹37.2B | ₹29.0B | ₹32.5B |
| Revenue growth | — | -3% | +28% | -11% | — |
| Gross profit | ₹5.68B | ₹4.54B | ₹5.19B | ₹4.19B | ₹4.74B |
| EBITDA | ₹3.79B | ₹4.32B | ₹4.86B | ₹4.47B | ₹4.74B |
| Net income | ₹2.05B | ₹2.37B | ₹3.65B | ₹2.72B | ₹2.50B |
| Free cash flow | n/a | ₹926M | ₹2.42B | -₹6.19B | ₹3.58B |
| Capital expenditure | n/a | ₹1.24B | ₹1.43B | ₹3.85B | ₹2.18B |
| Total debt | n/a | ₹18.0B | ₹10.4B | ₹14.3B | ₹4.54B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DALMIASUG.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.7% | -5.9% | 2nd highest of 21 |
| 6-month return | +22.9% | -10.1% | 4th highest of 21 |
| Distance from 52-week high | -8.2% | -32.9% | 3rd highest of 21 |
| Revenue growth (TTM) | -5.4% | +1.8% | 6th lowest of 21 |
| Operating margin | 6.8% | 1.4% | 6th highest of 20 |
| Forward P/E | 9.6× | 13.0× | 3rd cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | 15.7% | 12.9% | 6th most demanding of 13 |
| Growth delivered (Del g) | +7.7% | +3.9% | 3rd highest of 13 |
| Hurdle (Req g minus delivered) | +8.0 pp | +6.4 pp | 7th least demanding of 13 |
| ROIC minus cost of capital | -5.4 pp | -4.7 pp | 9th lowest of 20 |
| EV / EBITDA | 10.2× | 11.1× | 4th cheapest of 8 |
| Net debt / EBITDA | 3.6× | 3.8× | 7th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dalmia Bharat Sugar & Industries DALMIASUG.NS | India | $409M | +23% | -5% | 7% | 9.6× | 15.7% | +7.7% |
| Vital Farms VITL | United States | $409M | +6% | +5% | -3% | n/a | n/a | n/a |
| Shree Renuka Sugars RENUKA.NS | India | $410M | -36% | -10% | 4% | n/a | n/a | n/a |
| Xinjiang Tianshan Animal Husbandry Bio-engineering 300313.SZ | China | $411M | +32% | +187% | -4% | n/a | n/a | n/a |
| Shanghai Xuerong Bio-Technology 300511.SZ | China | $408M | -46% | +29% | 4% | n/a | 0.6% | -1.9% |
| Hokuto 1379.T | Japan | $411M | +13% | +4% | 8% | 12.4× | -7.8% | +3.1% |
| Zuming Bean Products 003030.SZ | China | $405M | -2% | +12% | -2% | 67.7× | n/a | n/a |
| Xinjiang Sayram Modern Agriculture 600540.SS | China | $399M | -18% | -4% | n/a | n/a | n/a | n/a |
| Bannari Amman Sugars BANARISUG.NS | India | $423M | -13% | -8% | 6% | n/a | 26.7% | +4.9% |
| Shenzhen Kingsino Technology 002548.SZ | China | $428M | -35% | -2% | -12% | 8.2× | 12.6% | +3.2% |
| Nippon Beet Sugar Manufacturing 2108.T | Japan | $391M | +24% | 0% | 1% | n/a | 40.4% | +4.6% |
| Select Harvests SHV.AX | Australia | $390M | +13% | -6% | -6% | 9.6× | 27.3% | +16.3% |
| Tilray Brands TLRY.TO | Canada | $433M | -47% | +17% | -6% | n/a | n/a | n/a |
| Ningxia Xiaoming Agriculture & Animal Husbandry 300967.SZ | China | $435M | -7% | -17% | -2% | n/a | 21.1% | +17.7% |
| MGP Ingredients CASK | United States | $380M | +3,438% | -16% | 11% | 10.3× | 2.4% | +6.3% |
| Raisio RAIKV.HE | Finland | $379M | -17% | 0% | 11% | 15.4× | -4.1% | -0.8% |
| Okamura Foods 2938.T | Japan | $377M | -3% | +21% | 9% | 22.9× | n/a | n/a |
| Chubu Shiryo 2053.T | Japan | $375M | +17% | +6% | 3% | n/a | -10.0% | +3.2% |
| Kaveri Seed KSCL.NS | India | $373M | -32% | -3% | 18% | 13.6× | n/a | n/a |
| Shandong Minhe Animal Husbandry Co,.Ltd 002234.SZ | China | $362M | -20% | +5% | -4% | 16.4× | 30.3% | +5.2% |
| Daodaoquan Grain & Oil 002852.SZ | China | $359M | -20% | +5% | 1% | 8.8× | 13.2% | +3.3% |