Dollex Agrotech Ltd
₹ 40.8
1.75%
14 Nov
- close price
About
Incorporated in 2013, Dollex Agrotech Ltd is in the business of manufacturing and trading of sugar[1]
Key Points
- Market Cap ₹ 163 Cr.
- Current Price ₹ 40.8
- High / Low ₹ 44.2 / 30.0
- Stock P/E 27.0
- Book Value ₹ 29.5
- Dividend Yield 0.00 %
- ROCE 6.90 %
- ROE 13.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 68.5% CAGR over last 5 years
- Debtor days have improved from 40.1 to 20.9 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.9% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged or encumbered 88.4% of their holding.
- Promoter holding has decreased over last 3 years: -45.3%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 18 | 25 | 77 | 79 | 110 | 135 | 237 | |
| 17 | 21 | 70 | 71 | 98 | 122 | 221 | |
| Operating Profit | 2 | 4 | 7 | 9 | 13 | 14 | 16 |
| OPM % | 9% | 18% | 9% | 11% | 12% | 10% | 7% |
| 0 | 1 | 1 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 2 | 2 | 2 | 2 | 3 | 3 |
| Depreciation | 0 | 2 | 2 | 2 | 3 | 3 | 3 |
| Profit before tax | 1 | 1 | 3 | 4 | 8 | 8 | 10 |
| Tax % | 46% | 55% | 36% | 23% | 23% | 14% | 21% |
| 1 | 1 | 2 | 3 | 6 | 7 | 8 | |
| EPS in Rs | 0.84 | 0.36 | 0.52 | 1.02 | 1.53 | 1.76 | 2.08 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 56% |
| 3 Years: | 44% |
| TTM: | 54% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 34% |
| TTM: | -26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 14% |
| Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 10 | 20 | 20 | 25 | 25 | 25 | 40 |
| Reserves | 1 | 2 | 3 | 6 | 25 | 33 | 41 | 78 |
| 9 | 52 | 50 | 45 | 43 | 105 | 172 | 168 | |
| 56 | 27 | 32 | 42 | 75 | 107 | 45 | 13 | |
| Total Liabilities | 71 | 90 | 105 | 114 | 168 | 271 | 283 | 299 |
| 28 | 0 | 44 | 39 | 35 | 32 | 29 | 27 | |
| CWIP | 11 | 0 | 1 | 1 | 1 | 8 | 55 | 79 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 32 | 90 | 60 | 73 | 133 | 231 | 199 | 192 | |
| Total Assets | 71 | 90 | 105 | 114 | 168 | 271 | 283 | 299 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -9 | 0 | 10 | -20 | -43 | -25 | ||
| -8 | -2 | 3 | 3 | -7 | -47 | ||
| 15 | 6 | -10 | 13 | 59 | 63 | ||
| Net Cash Flow | -2 | 4 | 3 | -5 | 9 | -9 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 16 | 23 | 94 | 63 | 37 | 21 |
| Inventory Days | 377 | 641 | 649 | 532 | 260 | ||
| Days Payable | 282 | 436 | 557 | 333 | 67 | ||
| Cash Conversion Cycle | 0 | 111 | 227 | 186 | 63 | 235 | 214 |
| Working Capital Days | -32 | 179 | 99 | 93 | 137 | 165 | 144 |
| ROCE % | 8% | 7% | 10% | 13% | 9% | 7% |
Documents
Announcements
-
Copy of Newspaper Publication
15 November 2025 - Dollex published newspaper extract of financial results for Q2/H1 ended Sep 30, 2025, on Nov 15, 2025.
-
Outcome of Board Meeting
14 November 2025 - Board approved unaudited Q2 and H1 financial results and LRR for Sept 30, 2025 (meeting Nov 14, 2025).
-
Outcome of Board Meeting
14 November 2025 - Board approved unaudited Q2 and H1 financial results and limited review report for period ended September 30, 2025.
-
General Updates
4 November 2025 - Sugarcane crushing season 2025–26 to commence Nov 05, 2025; inauguration scheduled.
-
Monitoring Agency Report
30 October 2025 - Monitoring report Q2 Sep 30, 2025: INR49.44Cr rights issue proceeds largely utilized; INR0.26Cr unutilized; no deviation.
Business Overview:[1]
DAL is an indigenous sugar manufacturing and trading company with captive power
co-generation capabilities. It sell by-products such as mollases, pressmud and bagasse. Company is entering into new segment of ethanol production under EBP Program by the Ministry of Petroleum and Natural Gas.