DHAMPUR BIO ORGANICS LTD

Produces sugar, ethanol, and country liquor from sugarcane in Uttar Pradesh. Its FY26 revenue of Rs 3,133.41 cr came from three segments: Sugar (Rs 1,843.22 cr, 54.5% of segment revenue), Country Liquor (Rs 1,136.41 cr, 33.6%), and Bio Fuels & Spirits (Rs 400.63 cr, 11.9%). Sugar is the largest profit contributor with EBIT of Rs 131.29 cr; Country Liquor is the fastest growing line, with volumes up 45.16% YoY to 11.24 lakh cases in Q1 FY26 and management targeting 5-6% share of the Uttar Pradesh market (currently around 4%, ranked #7). Operations include sugar mills that crushed 35.3 lakh tons of cane in SS24-25 at a net recovery of 9.55%, a 300 KLPD distillery at Asmoli expanded by 100 KLPD via a dual-feed (molasses + grain) line commissioned in June 2025, and a grain ethanol plant brought online with FCI rice allocation. Q1 FY26 ethanol volumes sold were 19.33 mn liters, including 15.51 mn liters from B-heavy syrup, sold at Rs 59.64/liter. Costs are dominated by materials at 47.1% of revenue and other operating expenses at 41.2%. In June 2026, the company sold its Meerganj sugar and co-generation unit for Rs 305 cr on a slump-sale basis, booked a Rs 63.89 cr gain, and completed a 74% stake acquisition in DBION Private Limited (formerly Sonitron Chemicals) as a JV with Orgonew.