Dollex Agrotech Ltd
₹ 31.6
-0.94%
17 Mar
- close price
About
Incorporated in 2013, Dollex Agrotech Ltd is in the business of manufacturing and trading of sugar[1]
Key Points
- Market Cap ₹ 126 Cr.
- Current Price ₹ 31.6
- High / Low ₹ 44.2 / 28.2
- Stock P/E 31.9
- Book Value ₹ 29.5
- Dividend Yield 0.00 %
- ROCE 6.90 %
- ROE 13.4 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.07 times its book value
- 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 88.4% of their holding.
- Promoter holding has decreased over last 3 years: -17.5%
* 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 18 | 25 | 77 | 79 | 110 | 135 | 237 | 235 | |
| 17 | 21 | 70 | 71 | 98 | 122 | 221 | 223 | |
| Operating Profit | 2 | 4 | 7 | 9 | 13 | 14 | 16 | 12 |
| OPM % | 9% | 18% | 9% | 11% | 12% | 10% | 7% | 5% |
| 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 2 | 2 | 2 | 2 | 3 | 3 | 4 |
| Depreciation | 0 | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| Profit before tax | 1 | 1 | 3 | 4 | 8 | 8 | 10 | 5 |
| Tax % | 46% | 55% | 36% | 23% | 23% | 14% | 21% | |
| 1 | 1 | 2 | 3 | 6 | 7 | 8 | 4 | |
| EPS in Rs | 0.84 | 0.36 | 0.52 | 1.02 | 1.53 | 1.76 | 2.08 | 0.99 |
| 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: | 7% |
| 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% |
Insights
In beta| Oct 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Sugar Cane Crushing Capacity TCD |
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| Capacity Utilization % |
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| Sugar Cane Crushed Quintals |
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| Sugar Factory Operational Days Days |
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| Sugar Production Quintals |
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| Sugar Recovery Rate % |
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| Co-generation Installed Capacity MW |
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| Ethanol Production Capacity KLPD |
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Documents
Announcements
-
Shareholders meeting
17 March 2026 - Postal ballot passed (ended 15-Mar-2026): migrate to BSE/NSE mainboard; increase authorised capital; regularised Nadeem Khan.
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Shareholders meeting
17 March 2026 - Postal ballot passed (15‑Mar‑2026): migrate to BSE/NSE main boards; increase authorised capital; regularise Nadeem Khan.
-
Updates
5 March 2026 - Board approved Q3/9M results, NSE mainboard migration, authorised capital raised to Rs60 crore; director appointed.
-
Copy of Newspaper Publication
14 February 2026 - Newspaper advertisement published Feb 14, 2026 for Dollex postal ballot and remote e-voting; hosted on company's website.
-
Copy of Newspaper Publication
14 February 2026 - DollexAgrotech published Q3 & 9M results extract for Dec 31, 2025; ads in Business Standard Feb 14, 2026.
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.