Dollex Agrotech Ltd
₹ 40.8
2.00%
03 Sep
- 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 ₹ 47.2 / 30.0
- Stock P/E 19.7
- Book Value ₹ 16.6
- Dividend Yield 0.00 %
- ROCE 7.04 %
- 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
- Promoter holding has decreased over last quarter: -17.5%
- Company has a low return on equity of 13.9% over last 3 years.
- Company might be capitalizing the interest cost
* 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: | 75% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 68% |
3 Years: | 34% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 18% |
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 | |
---|---|---|---|---|---|---|---|
Equity Capital | 5 | 10 | 20 | 20 | 25 | 25 | 25 |
Reserves | 1 | 2 | 3 | 6 | 25 | 33 | 41 |
9 | 52 | 50 | 45 | 43 | 105 | 164 | |
56 | 27 | 32 | 42 | 75 | 107 | 53 | |
Total Liabilities | 71 | 90 | 105 | 114 | 168 | 271 | 283 |
28 | 0 | 44 | 39 | 35 | 32 | 29 | |
CWIP | 11 | 0 | 1 | 1 | 1 | 8 | 55 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
32 | 90 | 60 | 73 | 133 | 231 | 199 | |
Total Assets | 71 | 90 | 105 | 114 | 168 | 271 | 283 |
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 | 1,768 | 260 | ||
Days Payable | 282 | 436 | 557 | 1,108 | 67 | ||
Cash Conversion Cycle | 0 | 111 | 227 | 186 | 63 | 696 | 214 |
Working Capital Days | -32 | 179 | 99 | 93 | 137 | 165 | 144 |
ROCE % | 8% | 7% | 10% | 13% | 9% | 7% |
Documents
Announcements
-
Updates
14 August 2025 - Company applied to reclassify two promoter group members as public shareholders under SEBI rules.
-
Copy of Newspaper Publication
14 August 2025 - Uravi Defence Q1 2025 results: Income ₹860L, PAT ₹37L, EPS 0.33; published as per SEBI norms.
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Change in Management
13 August 2025 - Dollex approves Q1 results, appoints CEO and independent director, expands sugar capacity to 450,000 quintals.
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Updates
13 August 2025 - Dollex paid Rs.10,000 fine for SEBI delay; applied for waiver of Rs.1,00,000 fine from NSE.
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Updates
13 August 2025 - Dollex appoints new CEO, independent director; approves Q1 results; expands sugar capacity by 50%; reclassifies promoters.
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.