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Dhampur Sugar Mills Limited (DHAMPURSUG) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹8.8B

DS Dhampur Sugar Mills Limited DHAMPURSUG · NSE
Price₹159.23
Fair Value₹172.10
Upside+8.1%
Quality58/100
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Weak Growth
Thin margins · 3.3% net margin
Low debt · generates free cash flow
1.43% dividend yield
Ranks above peers (9/14)
Narrow moat 37/100
Evidence: High Range ₹129.07 – ₹229.62 Share as image

Fair value as of: Aug 2, 2026

From 24 valuation models · updated 11 days ago

Share price +10.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ₹129.07 (bear) to ₹229.62 (bull), base ₹172.10. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 58/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹485.55 ₹108.96 Fair Value ₹172.10 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹108.96 – ₹485.55 · fair‑value band ₹129.07 – ₹229.62 · the ₹159.23 price screens below the ₹172.10 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Dhampur Sugar Mills Limited (DHAMPURSUG) currently trades at ₹159.23, while our model-based Fair Value estimate is ₹172.10, implying the stock looks roughly 8.1% fairly valued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Dhampur Sugar Mills Limited generated revenue of ₹19.7B at a net margin of 3.3%. Revenue declined 20.9% year over year. It earns a return on equity of 5.6%. Net debt stands at ₹8.9B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹129.07 (bear case) to ₹229.62 (bull case); at ₹159.23, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -43% fair-value upside, at 8%, DHAMPURSUG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹259.21 ₹350.35 ₹487.82 80
Residual Income ₹141.22 ₹141.77 ₹135.11 76
Rev-Margin DCF ₹173.84 ₹250.63 ₹341.14 74
All 24 models by family
DCF Models
FCF DCF ₹250.36 ₹345.76 ₹499.06 38
Owner Earnings ₹127.82 ₹180.03 ₹263.93 31
5Y Revenue Exit ₹173.84 ₹245.53 ₹341.24 39
5Y EBITDA Exit ₹223.94 ₹331.81 ₹463.24 41
5Y P/E Exit ₹168.98 ₹237.15 ₹311.70 38
10Y Revenue Exit ₹197.65 ₹264.50 ₹340.26 36
10Y EBITDA Exit ₹232.06 ₹320.58 ₹421.73 37
10Y P/E Exit ₹198.88 ₹259.06 ₹320.53 35
Earnings-Based
Graham-Dodd ₹68.84 ₹129.08 ₹160.38 54
EPV ₹107.88 ₹128.12 ₹145.59 59
Dividend Discount
Gordon GGM ₹0.3000 ₹0.4000 ₹0.5000 70
DDM Multi-Stage ₹0.3000 ₹0.4100 ₹0.5300 61
Multiples
P/E Multiple ₹159.44 ₹212.59 ₹265.74 63
P/S Multiple ₹129.07 ₹172.10 ₹215.12 58
P/B Multiple ₹129.07 ₹172.10 ₹215.12 55
EV/EBIT ₹200.13 ₹273.61 ₹347.10 53
EV/EBITDA ₹242.41 ₹329.99 ₹417.57 54
EV/Revenue ₹137.02 ₹204.45 ₹271.88 43
Asset-Based
NCAV (Graham) ₹93.10 ₹124.75 ₹186.20 50
Growth DCF
Growth DCF ₹259.21 ₹350.35 ₹487.82 80
Rev-Margin DCF ₹173.84 ₹250.63 ₹341.14 74
Economic Profit
Residual Income ₹141.22 ₹141.77 ₹135.11 76
ROIC Compounder ₹107.88 ₹128.12 ₹145.59 72
Growth Earnings
Growth-Adj P/E ₹113.72 ₹162.46 ₹211.20 68

Widest divergence: DCF Models (₹259.06) versus Dividend Discount (₹0.4000). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹19.7B
Revenue growth (YoY) -20.9%
Net margin 3.3%
Return on equity 5.6%
Free cash flow ₹1.8B FY2026
P/E ratio 13.5
More key figures
Operating margin 13.6%
EPS (TTM) ₹10.09
Dividend yield 1.4%
EPS growth (YoY) -5.3%
Net debt ₹8.9B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 66

Profitability 33
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 93
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Dhampur Sugar Mills Limited, together with its subsidiaries, manufactures and sells sugar and its byproducts in India. It operates in six segments: Sugar, Power, Ethanol, Chemicals, Potable Spirit, and Other.

Full company description

Dhampur Sugar Mills Limited, together with its subsidiaries, manufactures and sells sugar and its byproducts in India. It operates in six segments: Sugar, Power, Ethanol, Chemicals, Potable Spirit, and Other. The company offers branded, white, and raw sugar; chemicals/ethyl acetate; RS, ethanol, extra-neutral alcohol, and industrial alcohol; and country liquor. It also sells petrol and agricultural products; and co-generates and sells power using bagasse and molasses. In addition, the company operates co-generation facilities with a capacity of 126.50 megawatts. Dhampur Sugar Mills Limited was incorporated in 1933 and is based in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Dhampur Sugar Mills Limited reported revenue of ₹19.7B in FY2026 versus ₹18.8B in FY2022, a compound +1.2%/yr. Reported net income was ₹651M in FY2026, compounding −18.0%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹19.7B
Latest YoY
+0.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−7.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.5%
Avg. growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.4%
Revenue +1.2%/yr
FY22 ₹18.8B
FY23 ₹24.6B
FY24 ₹21.7B
FY25 ₹19.6B
FY26 ₹19.7B
Net income −18.0%/yr
FY22 ₹1.4B
FY23 ₹1.6B
FY24 ₹1.3B
FY25 ₹522M
FY26 ₹651M
Character of growth · EPS growth decomposed (2016-2026) −5.4 % p.a.
Revenue per share −2.6 pp

of which total revenue −2.0 pp · buybacks/dilution −0.6 pp

EBIT margin +1.4 pp
Tax rate −0.2 pp
Residual (interest, one-offs) −4.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Dhampur Sugar Mills Limited Fair Value". https://www.fairvalue-calculator.com/stock/DHAMPURSUG

Peer Group

Confectioners · 77 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside +8% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 3% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 14% · Above median
Revenue growth -21% · Bottom 25%
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.12× · Lower than median

Valuation Multiples vs Confectioners median · lower = cheaper

P/E (TTM) 13.5× · Cheaper than median
P/B 0.73× · Cheaper than median
P/S (TTM) 0.45× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 5.8× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 44 · sector 28
FUTURE 0 · sector 0
PAST 22 · sector 24
HEALTH 94 · sector 92
DIVIDEND 29 · sector 56

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Confectioners stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Chocoladefabriken Lindt & Sprüngli AG LISN CHF 96,500 CHF 9,874 -90%
Mondelez International, Inc MDLZ $61.00 $27.68 -55%
The Hershey Company HSY $170.27 $91.25 -46%
Barry Callebaut AG BARN CHF 1,100 CHF 711.91 -35%
ORION Corp 271560 127,100 KRW 203,315 KRW +60%
Tootsie Roll Industries, Inc TROLB $39.00 $22.21 -43%
Guangxi Yuegui Guangye Holdings 000833 ¥18.81 ¥9.83 -48%
Cloetta AB CLAB kr 48.88 kr 59.12 +21%
Balrampur Chini Mills Limited BALRAMCHIN ₹586.20 ₹304.54 -48%
PT Yupi Indo Jelly Gum Tbk YUPI 1,320 IDR 1,286 IDR -3%

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Frequently asked questions

Is Dhampur Sugar Mills Limited (DHAMPURSUG) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹172.10 versus a price of ₹159.23, about +8% (fairly valued).
What is the fair value of DHAMPURSUG?
Our model-based fair value for Dhampur Sugar Mills Limited is ₹172.10 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹159.23.
What is the quality score of DHAMPURSUG?
Dhampur Sugar Mills Limited has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Dhampur Sugar Mills Limited (DHAMPURSUG)?
Dhampur Sugar Mills Limited reported trailing-twelve-month revenue of about ₹19.7B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of DHAMPURSUG?
The net profit margin of Dhampur Sugar Mills Limited is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.
Does Dhampur Sugar Mills Limited pay a dividend?
Dhampur Sugar Mills Limited currently shows a dividend yield of about 1.43% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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