DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED

Financials Dalmia Bharat Sugar and Industries Limited

Equities

DALMIASUG

INE495A01022

Food Processing

Market Closed - Bombay S.E. Other stock markets 06:00:48 2024-05-17 am EDT			5-day change	1st Jan Change
381.7 ^INR	+0.91%		+1.13%	-7.40%

May. 14	India's Dalmia Bharat Sugar fourth-quarter profit falls on weak sales	RE
May. 14	Dalmia Bharat Sugar and Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024	CI

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	9,935	3,958	15,099	39,001	27,240	30,895	-	-
Enterprise Value (EV) ¹	9,935	3,958	15,099	39,001	27,240	27,515	30,895	30,895
P/E ratio	-	2.05 x	5.59 x	13.2 x	10.9 x	10.1 x	10.4 x	9.11 x
Yield	-	4.09%	1.61%	0.83%	1.19%	-	-	-
Capitalization / Revenue	0.49 x	0.19 x	0.56 x	1.29 x	0.84 x	0.95 x	0.87 x	0.8 x
EV / Revenue	0.49 x	0.19 x	0.56 x	1.29 x	0.84 x	0.95 x	0.87 x	0.8 x
EV / EBITDA	-	1.52 x	3.2 x	8.71 x	6.24 x	6.68 x	6.06 x	5.48 x
EV / FCF	-	-	-	-	-	-16.7 x	16.3 x	9.32 x
FCF Yield	-	-	-	-	-	-5.97%	6.13%	10.7%
Price to Book	-	0.26 x	0.7 x	1.64 x	1.01 x	-	-	-
Nbr of stocks (in thousands)	80,939	80,939	80,939	80,939	80,939	80,939	-	-
Reference price ²	122.8	48.90	186.6	481.8	336.6	381.7	381.7	381.7
Announcement Date	5/20/19	6/19/20	5/24/21	5/24/22	7/19/23	5/14/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	20,185	20,347	26,858	30,182	32,521	28,994	35,325	38,726
EBITDA ¹	-	2,604	4,714	4,477	4,365	4,118	5,094	5,642
EBIT	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	2,475	3,679	3,821	3,532	3,634	3,968	4,530
Net income ¹	-	1,932	2,703	2,957	2,501	2,725	2,968	3,388
Net margin	-	9.49%	10.07%	9.8%	7.69%	9.4%	8.4%	8.75%
EPS ²	-	23.87	33.40	36.54	30.90	33.66	36.70	41.90
Free Cash Flow ¹	-	-	-	-	-	-1,845	1,894	3,316
FCF margin	-	-	-	-	-	-6.3%	5.36%	8.56%
FCF Conversion (EBITDA)	-	-	-	-	-	-	37.18%	58.77%
FCF Conversion (Net income)	-	-	-	-	-	-	63.81%	97.87%
Dividend per Share	-	2.000	3.000	4.000	4.000	-	-	-
Announcement Date	5/20/19	6/19/20	5/24/21	5/24/22	7/19/23	5/14/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	-	7,822	34,696	7,428
EBITDA ¹	-	1,472	1,261	1,802
EBIT	-	-	-	-
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Net income	613.4	-	-	-
Net margin	-	-	-	-
EPS	7.580	-	-	-
Dividend per Share	-	-	-	-
Announcement Date	8/1/23	-	-	-

¹INR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	-	-1,845	1,894	3,316
ROE (net income / shareholders' equity)	-	12.7%	14.8%	13.1%	9.88%	11.3%	10.5%	11.8%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	-	188.0	265.0	293.0	334.0	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	-	904	719	3,334	2,178	1,990	1,490	790
Capex / Sales	-	4.44%	2.68%	11.05%	6.7%	6.79%	4.22%	2.04%
Announcement Date	5/20/19	6/19/20	5/24/21	5/24/22	7/19/23	5/14/24	-	-

¹INR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Dalmia Bharat Sugar and Industries Limited

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

381.7 INR

Average target price

490 INR

Spread / Average Target

+28.37%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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