Dollex Agrotech Limited
NSE: DOLLEXSugar
Share price
₹37.21
-0.75% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
37
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹149 Cr
P/E ratio
18.7
P/B ratio
1.2
ROCE
5.4%
ROE
8.4%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
It grew -4.1% a year against a sector median of 9.9% — 14.0 percentage points slower.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 1.7 times its growth rate, on earnings growth of 11%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Dollex Agrotech Limited — this one | 11%/yr | 18.7× | ₹1.7 |
| Balrampur Chini Mills Limited | 10%/yr | 37.2× | ₹3.7 |
| Triveni Engineering & Industries Limited | -19%/yr | 20.0× | — |
| Bajaj Hindusthan Sugar Limited | 45%/yr | 36.5× | ₹0.81 |
| Shree Renuka Sugars Limited | — | — | — |
| Bannari Amman Sugars Limited | -2%/yr | 35.2× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Sugar), it ranks 17 of 26 on returns, 24 of 25 on growth, 13 of 26 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 5.4% on capital, ahead of 35% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹85 crore of cash before any plant spend, funded from lenders and shareholders. And the profit is not backed by cash: it reported a profit over 7 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 93 days for its cash to waiting 167 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
5 of 9 checks clear · 56%
Latest result
What the last results showed. Whether management kept its word is in Pro.
Results are expected soon.
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹149 Cr
- Prev close
- ₹37.21
- 52w High
- ₹40.0
- 52w Low
- ₹29.8
- Enterprise value
- ₹314 Cr
- Beta
- —
- Price CAGR 1y
- -8.0%
- Price CAGR 3y
- 1.0%
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 1.9%
- PEG ratio
- 1.7
- P/E ratio
- 18.7
- P/B ratio
- 1.2
- EV / EBITDA
- 18.5
- Industry P/E
- 16.9
- ROCE
- 5.4%
- ROCE 5y average
- 8.8%
- ROE
- 8.4%
- Debt / Equity
- 1.3
- Interest coverage
- 3.8
- Dividend yield
- 0.0%
- ROE 3y average
- 11.0%
- ROE last year
- 9.0%
Annual P&L
- Annual revenue
- ₹225 Cr
- Annual profit
- ₹8 Cr
- Operating margin
- 8.0%
- Net profit margin
- 3.6%
- EBITDA margin
- 7.6%
- Sales growth 3y
- 26.9%
- Sales growth 5y
- 23.9%
- Profit growth 3y
- 11.0%
- Profit growth 5y
- 41.0%
- EPS
- ₹2.1
- Sales growth TTM
- -3.0%
- Profit growth TTM
- 127.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹40 Cr
- Profit latest quarter
- ₹1 Cr
- YoY quarterly sales growth
- 10.3%
- YoY quarterly profit growth
- -26.9%
- OPM latest quarter
- 8.5%
Balance Sheet
- Book Value
- ₹31.0
- Face Value
- ₹10.0
- Total debt
- ₹165 Cr
- Total cash
- ₹2 Cr
- Borrowings
- ₹165 Cr
- Reserves / Equity
- 2.1
Cash Flow
- Operating cash flow
- -₹7 Cr
- Free cash flow
- -₹41 Cr
- FCF yield
- -30.2%
- Net cash flow
- ₹1 Cr
Shareholding
- Promoter holding
- 54.2%
- FII holding
- —
- DII holding
- —
- Public holding
- 45.8%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Balrampur Chini | 702.55 | 40.0 | 14,866 | 0.49 | 44.2 | -14.4 | 1,636.8 | 6.1 | 9.3 |
| Triven.Engg.Ind. | 241.30 | 20.4 | 5,317 | 1.11 | 3.7 | 155.1 | 1,580.5 | 2.1 | 9.0 |
| Bajaj Hindusthan | 20.29 | 37.4 | 4,851 | 0.00 | -184.8 | -6.4 | 1,126.0 | -9.8 | 3.1 |
| Sh.Renuka Sugar | 22.16 | 4,717 | 0.00 | -251.5 | 4.5 | 2,120.2 | 5.5 | -3.1 | |
| Bannari Amm.Sug. | 3,325.20 | 34.2 | 4,170 | 0.37 | -10.9 | -171.6 | 172.5 | -58.8 | 8.8 |
| Dalmia Bharat | 433.65 | 17.1 | 3,510 | 1.39 | 6.9 | -80.3 | 848.2 | -9.8 | 8.2 |
| Avadh Sugar | 929.35 | 27.7 | 1,860 | 1.06 | 0.2 | 102.7 | 779.3 | 8.7 | 6.8 |
| Dollex Agrotech | 35.44 | 17.8 | 142 | 0.00 | 1.3 | -26.9 | 40.0 | 10.3 | 5.4 |
| Median | 94.58 | 17.1 | 455 | 0.09 | 0.3 | -23.7 | 302.1 | 2.9 | 7.5 |
Competes with: Avadh Sugar & Energy Limited, Bajaj Hindusthan Sugar Limited, Balrampur Chini Mills Limited, Bannari Amman Sugars Limited, Dalmia Bharat Sugar and Industries Limited, Shree Renuka Sugars Limited, Triveni Engineering & Industries Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2022 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.39 | 38 | 43 | 38 | 119 | 36 | 53 | 27 | 109 | 40 |
| Expenses | 5.09 | 30 | 42 | 35 | 116 | 33 | 51 | 24 | 101 | 37 |
| Material Cost | 115 | 0 | 0 | 7.63 | 38 | 0 | ||||
| Change in Inventories | -22 | 19 | 47 | 12 | -30 | 11 | ||||
| Purchases of Stock-in-Trade | 45 | 11 | 0.50 | 0 | 86 | 23 | ||||
| Employee Cost | 3.72 | 1.14 | 1.58 | 2.54 | 1.97 | 1.00 | ||||
| Other Expenses | 7.04 | 1.23 | 1.71 | 1.90 | 4.32 | 0.91 | ||||
| Operating Profit | 3.30 | 8 | 0.55 | 3.38 | 2.79 | 3.53 | 2.11 | 3.59 | 7.82 | 3.41 |
| OPM % | 39 | 21 | 1.28 | 8.90 | 2.35 | 9.75 | 3.97 | 13 | 7.20 | 8.54 |
| Other Income | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.23 | 0 | 0.03 | 0 |
| Interest | 0.61 | 0.84 | 0.68 | 0.65 | 1.18 | 0.83 | 0.94 | 1.08 | 0.85 | 0.86 |
| Depreciation | 0.57 | 0.62 | 0.62 | 0.64 | 0.63 | 0.71 | 0.78 | 0.77 | 0.74 | 0.78 |
| Profit before tax | 2.14 | 6.55 | -0.74 | 2.10 | 0.99 | 2 | 0.62 | 1.74 | 6.26 | 1.77 |
| Tax % | 29 | 24 | -19 | -3.81 | 83 | 13 | 42 | 4.60 | 26 | 28 |
| Net Profit | 1.51 | 4.95 | -0.60 | 2.18 | 0.17 | 1.75 | 0.36 | 1.67 | 4.64 | 1.28 |
| EPS in Rs | 0.47 | 1.24 | -0.15 | 0.55 | 0.04 | 0.44 | 0.09 | 0.42 | 1.16 | 0.32 |
| Diluted EPS in Rs | 1.15 | 0.62 | 0.13 | 0.59 | 1.25 | 0.32 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 18 | 25 | 77 | 79 | 110 | 135 | 237 | 225 | 229 |
| Expenses | 17 | 21 | 70 | 71 | 98 | 122 | 221 | 208 | 212 |
| Material Cost | 115 | 46 | |||||||
| Change in Inventories | 16 | 48 | |||||||
| Purchases of Stock-in-Trade | 73 | 97 | |||||||
| Employee Cost | 6.18 | 7.23 | |||||||
| Other Expenses | 10 | 9.19 | |||||||
| Operating Profit | 2 | 4 | 7 | 9 | 13 | 14 | 16 | 17 | 17 |
| OPM % | 9 | 18 | 9 | 11 | 12 | 10 | 7 | 8 | 7 |
| Other Income | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 4 |
| Depreciation | 0 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 1 | 1 | 3 | 4 | 8 | 8 | 10 | 11 | 10 |
| Tax % | 46 | 55 | 36 | 23 | 23 | 14 | 21 | 21 | |
| Net Profit | 1 | 1 | 2 | 3 | 6 | 7 | 8 | 8 | 8 |
| EPS in Rs | 0.84 | 0.36 | 0.52 | 1.02 | 1.53 | 1.76 | 2.08 | 2.11 | 1.99 |
| Diluted EPS in Rs | 3.32 | 2.27 | |||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 24%
- 3 years
- 27%
- TTM
- -3%
Compounded profit growth
- 10 years
- —
- 5 years
- 41%
- 3 years
- 11%
- TTM
- 127%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- 1%
- 1 year
- -8%
Return on equity
- 10 years
- —
- 5 years
- 12%
- 3 years
- 11%
- Last year
- 9%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 10 | 20 | 20 | 25 | 25 | 25 | 40 |
| Reserves | 1 | 2 | 3 | 6 | 25 | 33 | 41 | 84 |
| Borrowings | 9 | 52 | 50 | 45 | 43 | 105 | 172 | 165 |
| Other Liabilities | 56 | 25 | 32 | 42 | 75 | 107 | 45 | 126 |
| Total Liabilities | 71 | 89 | 105 | 114 | 168 | 271 | 283 | 414 |
| Fixed Assets | 28 | 46 | 44 | 39 | 35 | 32 | 29 | 27 |
| CWIP | 11 | 0 | 1 | 1 | 1 | 8 | 55 | 86 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 32 | 43 | 60 | 73 | 133 | 231 | 199 | 302 |
| Total Assets | 71 | 89 | 105 | 114 | 168 | 271 | 283 | 414 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -9 | 0 | 10 | -20 | -43 | -25 | -7 | |
| Cash from Investing Activity | -8 | -2 | 3 | 3 | -7 | -47 | -31 | |
| Cash from Financing Activity | 15 | 6 | -10 | 13 | 59 | 63 | 39 | |
| Net Cash Flow | -2 | 4 | 3 | -5 | 9 | -9 | 1 | |
| Free Cash Flow | -18 | -2 | 10 | -23 | -54 | -76 | -41 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 16 | 23 | 94 | 63 | 37 | 21 | 186 |
| Inventory Days | 641 | 649 | 532 | 260 | 185 | |||
| Days Payable | 436 | 557 | 333 | 67 | 213 | |||
| Cash Conversion Cycle | 0 | 16 | 227 | 186 | 63 | 235 | 214 | 159 |
| Working Capital Days | -32 | 180 | 99 | 93 | 137 | 165 | 144 | 167 |
| ROCE % | 8 | 7 | 10 | 13 | 9 | 7 | 5 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Dollex Agrotech Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Fast Moving Consumer Goods
- Industry
- Sugar
- Classification
- Fast Moving Consumer Goods › Sugar
- ISIN
- INE0JHH01011
Business segments
- Revenue from operations · 100%
News impact
Big market events that reach Dollex Agrotech Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 10 Aug 2026 | SANTAN INVESTMENT ADVISORY LLP | SELL | 2,20,000 | ₹31.78 |
| 10 Aug 2026 | SANTAN INVESTMENT ADVISORY LLP | BUY | 92,000 | ₹32.60 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
No documents on record yet.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.