DHAMPURSUG

Dhampur Sugar Mills financials

Market cap
₹1.1k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
2
Latest concall · Q4 FY25 · call held 16 May 2025

Dhampur Sugar Q4 FY25

Revenue ₹2,656.4 cr EBITDA ₹187.3 cr −36%Profit After Tax ₹52.4 cr −61%

What went well

  • Q4 FY25 revenue from operations grew 21.46% YoY to INR810.3 crores.
  • Q4 FY25 EBITDA grew 1.79% YoY to INR102.5 crores.
  • Company crushed marginally higher sugarcane in sugar season '24-'25 compared to '23-'24, implying the worst might be behind.

What to watch

  • FY25 Profit after tax dropped 61.04% YoY to INR52.4 crores from INR134.5 crores.
  • FY25 EBITDA dropped 36.16% YoY to INR187.3 crores from INR293.4 crores.
Read the full call →

What Dhampur Sugar Mills Limited does

Dhampur Sugar Mills, founded in 1933, crushes sugarcane at two manufacturing complexes in Dhampur and Rajpura, Uttar Pradesh, producing white, branded and raw sugar. It converts cane by-products (bagasse and molasses) into co-generated power sold to the grid, and into ethanol (B-heavy, C-heavy and grain-based) through its distillery. The Dhampur unit also runs a chemicals plant making ethyl acetate and other allied chemicals, and a potable spirits business selling IMFL and country liquor, including the 'Mishti by Dhampur' brand. Cane is sourced directly from a large base of contracted sugarcane farmers in the command areas around its plants.

Segments

  • Sugar
  • Power
  • Distillery/Ethanol
  • Chemicals
  • Potable Spirits
  • Others
Sugar crushing capacity
24,000 TCD (Dhampur 15,000 + Rajpura 9,000)
Co-generation (power) capacity
126.50 MW (Dhampur 78.50 MW + Rajpura 48.00 MW)
Distillery capacity
350 KLPD on 'C' heavy, incl. 100 KLPD grain-based (Dhampur unit)
Chemicals (ethyl acetate) capacity
140 tonnes/day (Dhampur unit)
Potable spirits capacity
20,000 cases/day (Dhampur unit)
Manufacturing facilities
2 (Dhampur and Rajpura, Uttar Pradesh)
Founded 1933Headquarters New Delhi, IndiaEmployees 1,232 (FY25) Company website

Guidance record · Q4 FY25

what the last two calls moved 7 tracked 1 delivered 0 missed 6 open
  • Total Crushing Volume (Sugar Season) delivered said Q3 FY25 Promised: same as to what we were last year Q4 FY25: Company crushed marginally higher sugarcane in sugar season '24-'25 compared to '23-'24.
  • CO238 Cane Variety Mix at Dhampur Plant revised up said Q3 FY25 Promised: 75% will still stay in 238 Q4 FY25: Management updated that at Dhampur, CO238 will be at about 65% for FY26 (a faster reduction of the disease-prone variety).
  • CO238 Cane Variety Mix (Both Areas) open said Q4 FY25 Promised: not be more than 10% in both areas Q4 FY25: Target set for 2 years from now to reduce CO238 to under 10%.

All 7 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 6.0%, net profit up 569.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue421 412 619 521 504 +20%451 +10%491 −21%553 +6%
EBITDA-0 42 101 23 10 +2002%56 +34%85 −16%31 +37%
Net profit-13 15 49 1 -8 +42%27 +75%46 −7%6 +569%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +21.7% 1Y

₹120₹140₹160₹180Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹134.39 on 10 Sept 2025 → ₹163.59. High ₹189.76 (20 Aug 2026), low ₹110.48 (21 Jan 2026).

Financials, as filed

Revenue fell 7.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to 8.8%.

Year endingFY23FY24FY25FY26
Revenue₹2.5k Cr₹2.2k Cr₹2.0k Cr₹2.0k Cr
Operating profit₹301 Cr₹266 Cr₹170 Cr₹173 Cr
Operating margin12.3%12.3%8.7%8.8%
Interest₹44 Cr₹43 Cr₹50 Cr₹49 Cr
Depreciation₹53 Cr₹59 Cr₹62 Cr₹62 Cr
Net profit₹155 Cr₹135 Cr₹52 Cr₹65 Cr
Net margin6.3%6.2%2.7%3.3%
Cash from operations₹383 Cr₹-53 Cr₹201 Cr₹243 Cr
Free cash flow₹234 Cr₹-105 Cr₹183 Cr₹214 Cr
ROCE15.0%11.0%6.0%6.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹66 Cr₹66 Cr₹66 Cr₹65 Cr₹64 Cr₹64 Cr
Reserves₹1.5k Cr₹819 Cr₹976 Cr₹1.0k Cr₹1.1k Cr₹1.1k Cr
Borrowings₹1.2k Cr₹886 Cr₹744 Cr₹981 Cr₹488 Cr₹899 Cr
Other liabilities₹753 Cr₹394 Cr₹335 Cr₹276 Cr₹212 Cr₹319 Cr
Total liabilities₹3.5k Cr₹2.2k Cr₹2.1k Cr₹2.4k Cr₹1.8k Cr₹2.4k Cr
Fixed assets₹1.6k Cr₹999 Cr₹1.0k Cr₹1.1k Cr₹1.1k Cr₹1.1k Cr
Capital work in progress₹21 Cr₹29 Cr₹103 Cr₹17 Cr₹12 Cr₹13 Cr
Investments₹3 Cr₹5 Cr₹2 Cr₹47 Cr₹215 Cr₹264 Cr
Other assets₹1.8k Cr₹1.1k Cr₹971 Cr₹1.1k Cr₹482 Cr₹1.0k Cr
Total assets₹3.5k Cr₹2.2k Cr₹2.1k Cr₹2.4k Cr₹1.8k Cr₹2.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +0.66 pp while the public trimmed −0.56 pp. The shareholder count shrank 8% to 84,980.

Promoters
49.9%
FIIs
1.9%
DIIs
1.1%
Public
47.0%

Since Jun 2025

  • DIIs +0.66 pp
  • Public −0.56 pp
  • FIIs −0.09 pp

How it drifted, 12 quarters

Over this window FIIs fell from 7.6% to 1.9% — −5.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 49.1%, FIIs 7.6%, DIIs 0.5%, Public 42.9%.Dec '23: Promoters 49.1%, FIIs 6.2%, DIIs 0.5%, Public 44.2%.Mar '24: Promoters 49.1%, FIIs 6.0%, DIIs 0.5%, Public 44.4%.Jun '24: Promoters 49.1%, FIIs 5.5%, DIIs 0.5%, Public 44.9%.Sep '24: Promoters 49.1%, FIIs 4.0%, DIIs 0.5%, Public 46.4%.Dec '24: Promoters 49.1%, FIIs 2.1%, DIIs 0.5%, Public 48.3%.Mar '25: Promoters 49.1%, FIIs 2.0%, DIIs 0.5%, Public 48.5%.Jun '25: Promoters 49.9%, FIIs 2.0%, DIIs 0.5%, Public 47.6%.Sep '25: Promoters 49.9%, FIIs 2.0%, DIIs 0.5%, Public 47.6%.Dec '25: Promoters 49.9%, FIIs 1.9%, DIIs 0.6%, Public 47.6%.Mar '26: Promoters 49.9%, FIIs 2.4%, DIIs 0.8%, Public 46.9%.Jun '26: Promoters 49.9%, FIIs 1.9%, DIIs 1.1%, Public 47.0%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Dhampur Sugar Mills Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Goel Investments Ltd 28.00%unchanged
Saraswati Properties Ltd 9.00%unchanged
Gaurav Goel 5.85%unchanged
Ashok Kumar Goel 3.11%unchanged
Priyanjili Goel 1.07%unchanged
Anil L Shah 1.00%newly disclosed
Ishira Goel 0.93%unchanged
Vinita Goel 0.80%unchanged
Ishaan Goel 0.77%unchanged
Ujjwal Rural Services Limited 0.19%unchanged
Aparna Jalan 0.07%unchanged
Shefali Poddar 0.05%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (2)

Read the Q4 FY25 call →

Learn to analyse Dhampur Sugar Mills Limited

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