Dollex Agrotech Ltd
Incorporated in 2013, Dollex Agrotech Ltd is in the business of manufacturing and trading of sugar[1]
- Market Cap ₹ 122 Cr.
- Current Price ₹ 30.6
- High / Low ₹ 44.2 / 26.0
- Stock P/E 14.5
- Book Value ₹ 31.0
- Dividend Yield 0.00 %
- ROCE 5.52 %
- ROE 8.86 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.98 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.2% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged 88.4% of their holding.
- Company has high debtors of 186 days.
- 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.
Peer comparison
Fast Moving Consumer Goods Fast Moving Consumer Goods Agricultural Food & other Products Sugar
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 18 | 25 | 77 | 79 | 110 | 135 | 237 | 225 | |
| 17 | 21 | 70 | 71 | 98 | 122 | 221 | 208 | |
| Operating Profit | 2 | 4 | 7 | 9 | 13 | 14 | 16 | 17 |
| OPM % | 9% | 18% | 9% | 11% | 12% | 10% | 7% | 8% |
| 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 | 11 |
| Tax % | 46% | 55% | 36% | 23% | 23% | 14% | 21% | 21% |
| 1 | 1 | 2 | 3 | 6 | 7 | 8 | 8 | |
| EPS in Rs | 0.84 | 0.36 | 0.52 | 1.02 | 1.53 | 1.76 | 2.08 | 2.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 27% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 11% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -3% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 11% |
| Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 10 | 20 | 20 | 25 | 25 | 25 | 40 |
| Reserves | 1 | 2 | 3 | 6 | 25 | 33 | 41 | 84 |
| 9 | 52 | 50 | 45 | 43 | 105 | 172 | 157 | |
| 56 | 25 | 32 | 42 | 75 | 107 | 45 | 133 | |
| Total Liabilities | 71 | 89 | 105 | 114 | 168 | 271 | 283 | 414 |
| 28 | 46 | 44 | 39 | 35 | 32 | 29 | 27 | |
| CWIP | 11 | 0 | 1 | 1 | 1 | 8 | 55 | 86 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 32 | 43 | 60 | 73 | 133 | 231 | 199 | 302 | |
| Total Assets | 71 | 89 | 105 | 114 | 168 | 271 | 283 | 414 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -9 | 0 | 10 | -20 | -43 | -25 | -7 | ||
| -8 | -2 | 3 | 3 | -7 | -47 | -31 | ||
| 15 | 6 | -10 | 13 | 59 | 63 | 39 | ||
| Net Cash Flow | -2 | 4 | 3 | -5 | 9 | -9 | 1 | |
| Free Cash Flow | -18 | -2 | 10 | -23 | -54 | -76 | -38 | |
| CFO/OP | -202% | 4% | 118% | -141% | -301% | -138% | -24% |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 16 | 23 | 94 | 63 | 37 | 21 | 186 |
| Inventory Days | 641 | 649 | 532 | 260 | 185 | |||
| Days Payable | 436 | 557 | 333 | 67 | 213 | |||
| Cash Conversion Cycle | 0 | 16 | 227 | 186 | 63 | 235 | 214 | 159 |
| Working Capital Days | -32 | 180 | 99 | 93 | 137 | 165 | 144 | 167 |
| ROCE % | 8% | 7% | 10% | 13% | 9% | 7% | 6% |
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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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
1 June 2026 - Published audited standalone results for quarter and year ended March 31, 2026 in newspapers.
-
Change in Auditors
30 May 2026 - Dollex Agrotech appointed cost auditor and internal auditor for FY 2026-27 on 30 May 2026.
-
Appointment
30 May 2026 - Mr. Narendra Gupta appointed Additional Non-Executive Independent Director from 30 May 2026, subject to shareholder approval.
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Outcome of Board Meeting
30 May 2026 - Board approved FY26 audited results, unmodified audit opinion, and appointed an independent, cost, and internal auditor.
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Disclosure under SEBI Takeover Regulations
5 May 2026 - Mehmood Khan has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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.