NSE: DBOL · BSE: 543593
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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Sugar (55%), Country Liquor (34%), Bio Fuels & Spirits (12%). Cyclical, agro-processing business integrated across sugar, ethanol and potable liquor
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 2,654 | 2,394 | 2,693 | 3,133 |
| EBITDA (ex other income) | 205 | 136 | 133 | 131 |
| margin % | 7.7 | 5.7 | 4.9 | 4.2 |
| Owners' profit | 111 | 46 | 17 | 25 |
| EPS, as reported (₹) | 16.74 | 7.00 | 2.21 | 3.81 |
| ROE % · ROCE % | 11.2 · 14.4 | 4.6 · 8.8 | 1.5 · 6.3 | 2.5 · 7.9 |
| Debt / equity (x) | 0.81 | 1.03 | 1.14 | 1.03 |
| Cash from operations | 355 | (101) | 130 | 220 |
| Capex | (210) | (171) | (146) | (44) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 634 | 719 | 703 | 784 | 825 | 751 | 774 | 919 |
| Profit before tax | (35) | (10) | 61 | (33) | (23) | 26 | 72 | (18) |
| Net profit | (23) | (7) | 45 | (22) | (16) | 17 | 46 | 37 |
| EPS (₹) | (3.52) | (1.03) | 6.75 | (3.31) | (2.41) | 2.56 | 7.01 | 5.59 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Sugar | 1,843 | 54.5 |
| Bio Fuels & Spirits | 401 | 11.9 |
| Country Liquor | 1,136 | 33.6 |
| Total, before eliminations | 3,380 | 100.0 |
Exhibit 4: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Cost auditor's death date corrected to October 18, 2026 | management changes | low | — | — |
| 22 Oct 2026 · Cost Auditor Surendra Rai Kapur died; replacement process initiated | management changes | medium | — | — |
| 19 Oct 2026 · Dhampur Bio signs tech licence deal with Planetary SA for Mycoprotein | strategic transactions | medium | — | — |
| 12 Oct 2026 · Compliance certificate: no physical shares held as of Sept 30, 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · Two senior executives promoted to Vice President roles at Dhampur Bio Organics | management changes | low | — | — |
| 30 Sept 2026 · Promoter Sonitron Ltd buys shares in open market across 3 days | ownership changes | high | — | — |
| 30 Sept 2026 · Sonitron Ltd (promoter) buys 85,000 shares of Dhampur Bio Organics in 3 days | ownership changes | medium | — | — |
| 26 Sept 2026 · Trading Window Closed from Oct 1 for Q2 FY26 Results | compliance | minimal | — | — |
| 25 Sept 2026 · Promoter Sonitron buys 10000 shares of Dhampur Bio Organics | ownership changes | high | — | — |
| 25 Sept 2026 · Promoter group Sonitron Ltd buys 10,000 shares of Dhampur Bio Organics | ownership changes | high | — | — |
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|---|---|---|
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.