BSE: 531923
DHAMPURE SPECIALITY SUGARS LTD
Manufactures sugar products in India and is listed on BSE. FY26 revenue was ₹58.39 crore, up 46.7% year-on-year, with net profit at ₹5.55 crore (up 92.8%). Materials are the dominant input at 72.3% of revenue (₹42.22 crore), with employee cost at 6.7% and other operating expenses at 14.8%. Capital expenditure for FY26 was ₹3.62 crore (6.2% of revenue). The company carries no debt; consolidated cash and cash equivalents stood at ₹616.51 lakhs at FY26 year-end. The promoter group holds a controlling stake, and in May 2026 the company allotted 8,80,000 convertible warrants to four promoter-family members at ₹106 each on a preferential basis, raising an upfront ₹2.33 crore with the balance payable on conversion. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Sugar. Debt-free sugar manufacturer with high recent revenue and profit growth
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 24 | 22 | 29 | 40 | 58 |
| EBITDA (ex other income) | 0 | (0) | 1 | 4 | 7 |
| margin % | 2.1 | (0.8) | 2.3 | 9.4 | 12.2 |
| Owners' profit | 0 | 2 | 1 | 3 | 6 |
| EPS, as reported (₹) | 0.53 | 2.60 | 1.17 | 3.45 | 6.35 |
| ROE % · ROCE % | 1.8 · 1.5 | 8.0 · 9.2 | 3.5 · 2.5 | 8.4 · 10.6 | 13.1 · 17.4 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (6) | (7) | 3 | 8 | 5 |
| Capex | (1) | (1) | (1) | (13) | (4) |
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 | 8 | 11 | 13 | 10 | 15 | 16 | 17 | 17 |
| Profit before tax | 2 | 1 | 1 | 1 | 3 | 3 | 1 | 2 |
| Net profit | 1 | 1 | 0 | 1 | 2 | 2 | 1 | 2 |
| EPS (₹) | 1.39 | 0.93 | 0.59 | 1.16 | 2.18 | 2.34 | 0.67 | 1.96 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BALRAMPUR CHINI MILLS LTD | 14,565 | 37.6 | 3.52 | 22.8 | 9.1 | 9.7 | 5.4 | 7.9 |
| TRIVENI ENGG. & INDS. LTD | 5,262 | 18.7 | 1.57 | 12.1 | 8.0 | 9.4 | 10.1 | 3.3 |
| BAJAJ HINDUSTHAN SUGAR LT | 4,781 | 14.8 | 1.25 | 22.0 | 3.3 | 1.5 | (3.9) | (10.4) |
| SHREE RENUKA SUGARS LTD | 4,633 | — | — | 75.4 | 29.6 | (108.2) | 10.2 | (3.1) |
| BANNARI AMMAN SUGARS LTD | 4,138 | 34.0 | 2.16 | — | 7.7 | 8.7 | — | 0.5 |
| DALMIA BHARAT SUG IN LTD | 3,497 | 14.6 | 1.08 | 9.6 | 7.3 | 8.0 | 6.1 | 8.3 |
| DHAMPUR SUGAR MILLS LTD. | 1,180 | 16.8 | 0.98 | 10.4 | 5.5 | 5.8 | (7.9) | 4.7 |
| UTTAM SUGAR MILLS LTD. | 1,126 | 12.9 | 1.27 | 7.8 | 11.3 | 12.7 | — | 4.5 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.4 | 16.0 | 14 of 20 | 32% |
| P/B | 3.0 | 1.0 | 23 of 26 | 12% |
| ROCE | 17.3 | 3.0 | 2 of 27 | 96% |
| ROE | 13.1 | 3.5 | 2 of 26 | 96% |
| Debt / Equity | 0.0 | 0.6 | 1 of 26 | 100% |
| EBITDA margin | 13.9 | 4.6 | 5 of 26 | 84% |
| Revenue growth | 74.8 | 5.5 | 3 of 25 | 92% |
| Profit growth | 77.5 | (14.4) | 7 of 27 | 77% |
| Market cap | 127 | 286 | 20 of 28 | 30% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 6 Oct 2026 · Compliance certificate under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1, 2026 until Q2 results declaration | compliance | minimal | — | — |
| 17 Sept 2026 · 34th AGM: All 3 resolutions passed including MD re-appointment | board shareholder meetings | low | — | — |
| 17 Sept 2026 · 34th AGM held; all 3 resolutions passed including MD re-appointment | board shareholder meetings | low | — | — |
| 15 Sept 2026 · 34th AGM proceedings: 3 ordinary resolutions transacted | board shareholder meetings | low | — | — |
| 24 Aug 2026 · 34th AGM notice published in newspapers | compliance | minimal | — | — |
| 22 Aug 2026 · Revised Annual Report FY26 filed; design correction only, financials unchanged | investor communications | low | — | — |
| 20 Aug 2026 · FY26 Annual Report: Revenue up 47%, PAT up 93% | investor communications | medium | — | — |
| 17 Aug 2026 · Notice of 34th AGM on 15 September 2026 by Dhampure Speciality Sugars | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Q1 FY27 results: Revenue nearly doubles YoY to Rs 16.82 cr, profit up 2x | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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.