Buy Dalmia Bharat Sugar; target of Rs 660: ICICI Direct

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26 Aug, 2025 12:21

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ICICI Direct's research report on Dalmia Bharat Sugar

Dalmia Bharat Sugar (DBS) is the only sugar company present in UP and in Maharashtra. The company has sugar crushing capacity of 38250 TCD (6 ltpa), distillery capacity of 540 KLD (16 crore litre pa), co-generation capacity of 102 MW & wind power of 16.5 MW (total 30 crore units saleable power). The company has expanded its distillery capacity from 8.5 crore litre to 16 crore litre. It would further increase its distillery capacity to 22 crore litre in the next one year through two grain based new distilleries

Outlook

We continue to maintain our BUY rating on the stock We value the stock at Rs 660, ascribing a multiple of 14x FY23 earnings.

More Info on Trent

At 17:30 Dalmia Bharat Sugar and Industries was quoting at Rs 455.40, up Rs 2.65, or 0.59 percent.

It has touched an intraday high of Rs 471.95 and an intraday low of Rs 452.00.

It was trading with volumes of 17,875 shares, compared to its thirty day average of 26,201 shares, a decrease of -31.78 percent.

In the previous trading session, the share closed up 1.73 percent or Rs 7.70 at Rs 452.75.

The share touched its 52-week high Rs 516.00 and 52-week low Rs 137.50 on 02 August, 2021 and 09 February, 2021, respectively.

Currently, it is trading 11.78 percent below its 52-week high and 231.05 percent above its 52-week low.

Market capitalisation stands at Rs 3,685.98 crore.

For all recommendations report, click here

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