DOLLEX
Dollex Agrotech financials
- Market cap
- ₹154 Cr
- Sector
- Fast Moving Consumer Goods
What Dollex Agrotech Ltd does
Dollex Agrotech Limited manufactures sugar products at its facility in Village Erai, Tehsil Badoni Khurd, District Datia, Madhya Pradesh, and its cost records for sugar are subject to statutory cost audit. The company is expanding its operations by installing an ethanol distillery project, funded partly through a FY25 rights issue of equity shares (₹49.44 crore programme, largely utilised by June 2025). Alongside its own manufacturing, the company also purchases and trades goods as part of its operations.
Segments
- Sugar
- Ethanol
- Manufacturing locations
- 1 (Village Erai, Tehsil Badoni Khurd, Dist. Datia, Madhya Pradesh)
- Capacity expansion
- Ethanol distillery project under installation (FY26)
Quarterly results
Q1 FY27: revenue up 10.3%, net profit down 26.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 38 | 119 | 36 | 53 +23% | 27 −28% | 109 −8% | 40 +10% |
| EBITDA | 1 | 3 | 3 | 4 | 2 +284% | 4 +6% | 8 +180% | 3 −3% |
| Net profit | -1 | 2 | 0 | 2 | 0 +160% | 2 −23% | 5 +2629% | 1 −27% |
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 −8.5% 1Y
1Y: ₹42 on 10 Sept 2025 → ₹38.45. High ₹43.45 (29 Sept 2025), low ₹27.05 (30 Mar 2026).
Financials, as filed
Revenue fell 5.2% a year over 1 year, FY25 to FY26. Operating margin widened to 7.6%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹237 Cr | ₹225 Cr |
| Operating profit | ₹15 Cr | ₹17 Cr |
| Operating margin | 6.2% | 7.6% |
| Interest | ₹3 Cr | ₹4 Cr |
| Depreciation | ₹3 Cr | ₹3 Cr |
| Net profit | ₹7 Cr | ₹8 Cr |
| Net margin | 2.8% | 3.7% |
| Cash from operations | ₹-25 Cr | ₹-7 Cr |
| Free cash flow | ₹-76 Cr | ₹-38 Cr |
| ROCE | 7.0% | 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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹20 Cr | ₹20 Cr | ₹25 Cr | ₹25 Cr | ₹40 Cr | ₹40 Cr |
| Reserves | ₹3 Cr | ₹6 Cr | ₹25 Cr | ₹33 Cr | ₹78 Cr | ₹84 Cr |
| Borrowings | ₹50 Cr | ₹45 Cr | ₹43 Cr | ₹105 Cr | ₹168 Cr | ₹157 Cr |
| Other liabilities | ₹32 Cr | ₹42 Cr | ₹75 Cr | ₹107 Cr | ₹13 Cr | ₹133 Cr |
| Total liabilities | ₹105 Cr | ₹114 Cr | ₹168 Cr | ₹271 Cr | ₹299 Cr | ₹414 Cr |
| Fixed assets | ₹44 Cr | ₹39 Cr | ₹35 Cr | ₹32 Cr | ₹27 Cr | ₹27 Cr |
| Capital work in progress | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹8 Cr | ₹79 Cr | ₹86 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹60 Cr | ₹73 Cr | ₹133 Cr | ₹231 Cr | ₹192 Cr | ₹302 Cr |
| Total assets | ₹105 Cr | ₹114 Cr | ₹168 Cr | ₹271 Cr | ₹299 Cr | ₹414 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
The ownership split has held steady since Jun 2025. The shareholder count shrank 10% to 951.
- Promoters
- 54.2%
- Public
- 45.8%
Since Jun 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 10 quarters
Over this window promoters fell from 71.7% to 54.2% — −17.5 pp.
Ownership split by quarter, oldest first. Mar '23: Promoters 71.7%, Public 28.3%.Sep '23: Promoters 71.7%, Public 28.3%.Mar '24: Promoters 71.7%, Public 28.3%.Sep '24: Promoters 71.7%, Public 28.3%.Mar '25: Promoters 71.7%, Public 28.3%.Jun '25: Promoters 54.2%, Public 45.8%.Sep '25: Promoters 54.2%, Public 45.8%.Dec '25: Promoters 54.2%, Public 45.8%.Mar '26: Promoters 54.2%, Public 45.8%.Jun '26: Promoters 54.2%, Public 45.8%.
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.
- Santan Investment Advisory +0.24 pp 2.77% held
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 Dollex Agrotech Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Mehmood Khan | 27.01% | unchanged |
| Munni Khan | 17.52% | unchanged |
| R.K. Tankers Pvt Ltd | 6.91% | unchanged |
| Sudhakar Narayan Sanku | 2.94% | unchanged |
| Santan Investment Advisory | 2.77% | +0.24 pp |
| Mallinath Madineni | 2.54% | unchanged |
| Marium Leasing And Investment Pvt Ltd | 2.48% | unchanged |
| Aikyam Capital Pvt Ltd | 1.50% | unchanged |
| Gutha Amith Kumar | 1.26% | unchanged |
| Sunkireddy Sumanth Reddy | 1.26% | unchanged |
| Reddy Srinivasa Reddy | 1.15% | unchanged |
| Anis Khan | 0.25% | 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.
Learn to analyse Dollex Agrotech Ltd
Guides on how to read this kind of business and the numbers that matter.