Dhampur Bio Organics Limited (DBOL)

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Dhampur Bio Organics Limited (DBOL) · mywealthgrid

About

Dhampur Bio Organics operates a sugar business within the broader agricultural products space, with a market cap of ₹795.47 Cr placing it in the mid-cap segment. The company has demonstrated dividend consistency from 2023–2026 despite earnings volatility, suggesting it generates cash returns even in challenging quarters.

Face value: ₹10

Market cap

₹803 Cr

P/E

9.6×

P/B

0.8×

Dividend yield

1.2%

ROE

2.5%

ROCE

7.9%

Debt / equity

1.03

OPM

4.2%

EPS (TTM)

₹12.6

Book value

₹154.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin swung 13+ points from 12.27% (Mar 2026) to -0.98% (Sep 2025), and net profit turned negative at -₹15.99 Cr in Sep 2025—verify whether this was seasonal, market-driven, or operational.
ROE of 2.47% is extremely low, returning only ₹2.47 of profit per ₹100 of equity; with D/E of 1.03, leverage amplifies losses when margins compress.
Sugar sector is commodity-price-exposed; verify hedging policy, current margin trajectory (last four quarters show only Mar 2026 strong), and exposure to policy shifts in ethanol and exports.
At PE 9.47 with 56% one-year return already factored in, verify whether valuation reflects a recovery story or discounts further downside risk.

Generated analysis · source review pending

Growth drivers

Mar 2026 operating margin of 12.27% proves double-digit profitability is achievable—verify whether this reflects favorable commodity pricing, seasonal strength, or operational improvements.
Quarterly revenue holds ₹700–₹900 Cr range with no secular decline, suggesting stable market position—verify whether volumes are growing despite margin pressure.
Dividend payments throughout 2023–2026, including during negative-profit Sep 2025, suggest cash generation—verify cash position and whether this reflects working capital cycles or capital draws.
Average OPM of 4.18% combined with recent 12.27% peak shows significant margin upside—verify whether higher margins are achievable through operational changes or commodity pricing.

Generated analysis · source review pending

1,000 historical price candles were omitted because the exchange source has not been verified.

₹120.9-2.9%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 2.9% (3-yr avg)
−Thin operating margin of 4.2%
−Profit declined 39% a year over the last 3 years
−Modest revenue growth of 5.7% a year over the last 3 years
−Weak interest coverage of 1.6×
−Low dividend payout of 11.9% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

46/100

Business quality: 13
Growth: 32
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,564	2,654	2,394	2,693	3,133
COGS	-346	1,836	1,371	1,385	1,598
Gross profit	—	818	1,024	1,308	1,535
	—	614	887	1,173	1,404
	—	205	136	135	131
OPM %	—	7.7%	5.7%	5%	4.2%
Depreciation	31	41	49	54	59
Interest	30	41	45	67	63
	8	11	24	2	32
Profit before tax	129	135	65	16	41
Tax	27	24	19	1	16
Tax %	20.9%	17.6%	29%	6.5%	38.4%
	102	111	46	15	25
PAT margin %	6.5%	4.2%	1.9%	0.6%	0.8%
EPS (₹)	15.4	16.7	7	2.2	3.8
EPS adjusted (₹)	15.4	16.7	7	2.5	3.8
	0%	20.9%	35.7%	56.6%	39.4%
Annual report	—	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	66	66	66	66	66
Reserves	—	922	945	945	960
	—	803	1,047	1,152	1,054
	—	285	255	234	241
Total equity & liabilities	—	2,077	2,313	2,398	2,322
	683	909	1,027	1,076	1,131
CWIP	—	36	13	79	1
Investments	—	0	0	0	2
	—	1,132	1,273	1,242	1,188
Total assets	—	2,077	2,313	2,398	2,322

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-246	355	-101	130	220
	-138	-196	-166	-146	-42
	393	-78	170	19	-178
Net cash flow	9	81	-98	3	-0
Free cash flow	-408	145	-272	-16	176
CFO / Operating profit %	—	173.3%	-74.3%	96.1%	168%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Sugar	1,843.22	131.29	1,817	155.47	1,661.53	7.9
Country Liquor	1,136.41	16.75

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	30.8%	42.8%	48.6%	49%
EBITDA margin %	—	7.7%	5.7%	5%	4.2%
EBIT margin %	—	6.2%	3.6%	3%	2.3%
PAT margin %	6.5%	4.2%	1.9%	0.6%	0.8%
Working capital
Receivable days	—	21	13	7	7
Inventory days	—	163	288	288	231
Payable days	—	33	37	29	26
NWC days	—	151	265	267	213
Leverage
Current ratio	—	1.31	1.19	1.14	1.16
Debt to EBITDA	—	3.92	7.67	8.55	8.06
Debt to equity	—	0.81	1.03	1.14	1.03
Interest coverage	-0.8	4.3	2.4	1.3	1.6
Asset turnover	—	1.28	1.04	1.12	1.35
Return ratios
Return on assets %	—	5.3%	2%	0.6%	1.1%
Return on capital employed %	—	14.4%	8.9%	6.6%	7.9%
Return on equity %	—	11.2%	4.6%	1.5%	2.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50.44%	50.63%	50.78%	50.78%	50.78%	50.78%	50.78%	50.78%	50.65%	50.65%	50.65%	50.78%
	4.83%	3.42%	1.95%	1.26%	0.83%	0.66%	0.54%	0.43%	0.35%	0.45%	0.54%	0.29%
	0.45%	0.45%	0.45%	0.45%	1.36%	0.45%	0.45%	0.45%	0.45%	0.79%	0.79%	0.82%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	44.28%	45.5%	46.82%	47.51%	47.03%	48.11%	48.23%	48.34%	47.67%	47.23%	47.12%	47.09%
No. of shareholders	—	—	—	—	—	—	—	—	48,055	46,617	45,149	44,537

Promoter holding up 0.34 percentage points since Sep 2023.

12 disclosures

Person	Deal	Shares	Value	Holding	Filed
DBO Employee Welfare TrustOther	BuyMarket Purchase	55,624	₹46.76 L	0.80% → 0.88%	3 Oct 20257(2)
DBO Employee Welfare TrustOther	BuyMarket Purchase	62,376	₹52.81 L

25 deals · 9 Sept 2022 – 23 Sept 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Sept 2024	AUGMENTA VALUE TRUST - SCHEME 1	Bulk	NSE	Buy	5,00,000	₹155.29	₹7.76 Cr
12 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	4,09,154	₹151.50	₹6.20 Cr
12 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	4,09,154	₹151.03	₹6.18 Cr
22 Mar 2023	DEEPA GOEL	Bulk	BSE	Buy	11,66,758	₹132.00	₹15.40 Cr
22 Mar 2023	SARASWATI PROPERTIES LIMITED	Block	BSE	Sell	11,66,758	₹132.00	₹15.40 Cr
22 Mar 2023	DEEPA GOEL	Block	BSE	Buy	11,66,758	₹132.00	₹15.40 Cr
22 Mar 2023	SARASWATI PROPERTIES LIMITED	Bulk	BSE	Sell	11,66,758	₹132.00	₹15.40 Cr
19 Sept 2022	SONITRON LIMITED	Bulk	BSE	Buy	52,05,515	₹171.00	₹89.01 Cr
19 Sept 2022	SONITRON LIMITED	Block	BSE	Buy	31,05,515	₹171.00	₹53.10 Cr
19 Sept 2022	GOEL INVESTMENTS LIMITED	Bulk	BSE	Sell	31,05,515	₹171.00	₹53.10 Cr

1–10 of 25

1 / 3

Mr. Gautam GoelExecutive Director-Chairperson-CEO
Mr. Ashwani Kumar GuptaNon-Executive - Independent Director
Mr. Sandeep KumarNon-Executive - Non Independent Director
Mrs. Bindu Vashist GoelNon-Executive - Non Independent Director
Mrs. Ruchika Amrish Mehra KothariNon-Executive - Independent Director
Mr. Vishal SalujaNon-Executive - Independent Director
Mr. Samir ThukralNon-Executive - Independent Director
Mr. Kishor ShahNon-Executive - Independent Director
Mr. Nalin Kumar GuptaExecutive Director
Ms. Ashu RawatCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Dhampur Bio Organics Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Jul 2025Transcript AI Summary PPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

4

Final dividend17 Jul 2026 · ex-date₹1.5
Final dividend4 Jul 2025 · ex-date₹1.25
Final dividend28 Jun 2024 · ex-date₹2.5
Dividend dividend23 Jun 2023 · ex-date₹3.5

1

Board meeting to consider results14 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

22 announcementsExport CSV

1 Oct 2026, 5:46 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

30 Sept 2026, 11:45 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

30 Sept 2026, 11:44 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

5 Sept 2026, 12:45 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

13 Aug 2026, 6:35 pmCompany Update

Intimation Of Payment Of Final Dividend For The Financial Year 2025-26

General PDF

10 Aug 2026, 11:20 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

10 Aug 2026, 11:16 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

31 Jul 2026, 6:28 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

Date	Category	Subject	Filing
1 Oct 2026, 5:46 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
30 Sept 2026, 11:45 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

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Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	30.8%	42.8%	48.6%	49%
EBITDA margin %	—	7.7%	5.7%	5%	4.2%
EBIT margin %	—	6.2%	3.6%	3%	2.3%
PAT margin %	6.5%	4.2%	1.9%	0.6%	0.8%
Working capital
Receivable days	—	21	13	7	7
Inventory days	—	163	288	288	231
Payable days	—	33	37	29	26
NWC days	—	151	265	267	213
Leverage
Current ratio	—	1.31	1.19	1.14	1.16
Debt to EBITDA	—	3.92	7.67	8.55	8.06
Debt to equity	—	0.81	1.03	1.14	1.03
Interest coverage	-0.8	4.3	2.4	1.3	1.6
Asset turnover	—	1.28	1.04	1.12	1.35
Return ratios
Return on assets %	—	5.3%	2%	0.6%	1.1%
Return on capital employed %	—	14.4%	8.9%	6.6%	7.9%
Return on equity %	—	11.2%	4.6%	1.5%	2.5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Balrampur Chini Mills LimitedBALRAMCHINBALRAMCHIN	₹13,714 Cr	₹16,884 Cr	₹6,366 Cr	₹721 Cr	11.8%	₹371 Cr	6%	12%	9.5%	236
Triveni Engineering & Industries LimitedTRIVENITRIVENI	₹5,055 Cr	₹7,202 Cr	₹7,617 Cr	₹547 Cr	7.2%	₹281 Cr	3.5%	12.5%	8.3%	229
Bajaj Hindusthan Sugar LimitedBAJAJHINDBAJAJHIND	₹4,556 Cr	₹8,101 Cr	₹5,332 Cr	₹273 Cr	6.7%	₹116 Cr	2.3%	2%	3.2%	-58
Shree Renuka Sugars LimitedRENUKARENUKA	₹4,542 Cr	₹11,693 Cr	₹9,365 Cr	₹29 Cr	0.2%	₹-780 Cr	-8.6%	-10.6%	—	17
Bannari Amman Sugars LimitedBANARISUGBANARISUG	₹4,126 Cr	₹4,134 Cr	₹1,671 Cr	₹156 Cr	10.3%	₹122 Cr	7.7%	9%	8%	137
Dalmia Bharat Sugar And Industries LimitedDALMIASUGDALMIASUG	₹3,209 Cr	₹5,000 Cr	₹3,378 Cr	₹421 Cr	11.8%	₹240 Cr	6.5%	10.1%	7.7%	230
Avadh Sugar & Energy LimitedAVADHSUGARAVADHSUGAR	₹1,529 Cr	₹2,935 Cr	₹2,756 Cr	₹229 Cr	8.2%	₹66 Cr	2.1%	10.7%	5.2%	225
Dhampur Sugar Mills LimitedDHAMPURSUGDHAMPURSUG	₹1,100 Cr	₹1,979 Cr	₹2,853 Cr	₹182 Cr	6.2%	₹70 Cr	2.3%	9.3%	5.5%	183
Uttam Sugar Mills LimitedUTTAMSUGARUTTAMSUGAR	₹1,052 Cr	₹1,774 Cr	₹2,179 Cr	₹205 Cr	10.4%	₹87 Cr	4.6%	18.1%	12%	180
Zuari Industries LimitedZUARIINDZUARIIND	₹840 Cr	₹3,438 Cr	₹1,099 Cr	₹60 Cr	6.8%	₹109 Cr	10.1%	2.5%	2.5%	356
Dhampur Bio Organics LimitedDBOLDBOL	₹803 Cr	₹1,857 Cr	₹3,268 Cr	₹138 Cr	4.2%	₹84 Cr	0.8%	7.9%	2.5%	213
Dwarikesh Sugar Industries LimitedDWARKESHDWARKESH	₹778 Cr	₹1,111 Cr	₹1,355 Cr	₹57 Cr	6.2%	₹15 Cr	2.2%	5.9%	3.8%	235

Dhampur Bio Organics Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends4

Board meetings1

Announcements

Dividends4

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Bio Fuels & Spirits · revenue

4

1

4

1