Dollex Agrotech Ltd

Dollex Agrotech Ltd

₹ 36.6 -0.81%
28 Mar - close price
About

Incorporated in 2013, Dollex Agrotech Limited is engaged in the business of manufacturing & trading sugar with captive power cogeneration capabilities.[1]

Key Points

Business Area[1] Dollex Agrotech Ltd. (DAL) manufactures & trades sugar. It has received in-principle approval from the Department of Food & public distribution from the Government of India for establishing distilleries of 200 KLPD capacity. In addition to sugar, it also produces and sells its byproducts such as molasses, press mud, and bagasse. The bagasse is used to generate power. Further, the company is into captive power generation with a capacity of 3 MW for its own use to run its plant at Datia.

  • Market Cap 91.4 Cr.
  • Current Price 36.6
  • High / Low 57.9 / 26.0
  • Stock P/E 9.28
  • Book Value 21.3
  • Dividend Yield 0.00 %
  • ROCE 12.7 %
  • ROE 16.0 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 13.7% 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.

Peer comparison

Sector: Sugar Industry: Sugar

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Half Yearly Results

Figures in Rs. Crores

Mar 2022 Sep 2022 Mar 2023 Sep 2023
64 10 101 56
53 8 90 49
Operating Profit 10 2 11 7
OPM % 16% 19% 11% 13%
0 0 0 0
Interest 1 1 1 1
Depreciation 0 1 2 1
Profit before tax 9 0 8 4
Tax % 10% 573% 16% 26%
8 -1 7 3
EPS in Rs 4.24 -0.26 2.65 1.29
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
18 25 77 79 110 157
17 21 70 71 98 139
Operating Profit 2 4 7 9 13 18
OPM % 9% 18% 9% 11% 12% 12%
0 1 1 0 0 0
Interest 0 2 2 2 2 3
Depreciation 0 2 2 2 3 3
Profit before tax 1 1 3 4 8 12
Tax % 46% 55% 36% 23% 23%
1 1 2 3 6 10
EPS in Rs 1.34 0.58 0.84 1.64 2.44 3.94
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 63%
TTM: 113%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 118%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 39%
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 10 20 20 25 25
Reserves 1 2 3 6 25 28
9 52 50 45 43 45
56 25 32 42 75 64
Total Liabilities 71 89 105 114 168 161
28 46 44 39 35 36
CWIP 11 0 1 1 1 1
Investments 0 0 0 0 0 0
32 43 60 73 133 125
Total Assets 71 89 105 114 168 161

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-9 0 10 -20
-8 -2 3 3
15 6 -10 13
Net Cash Flow -2 4 3 -5

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 16 23 94 63
Inventory Days 641 649
Days Payable 436 557
Cash Conversion Cycle 0 16 227 186 63
Working Capital Days -32 202 115 97 156
ROCE % 8% 7% 10% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2023Sep 2023
71.69% 71.69%
28.31% 28.31%
No. of Shareholders 880657

Documents