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Dharani Sugars & Chemicals Ltd.
(DHARSUGAR)
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Rating:46Neutral
Price Target:―
Action:Reiterated
Date:08/27/26
The score is primarily held down by weak financial performance—persistent losses, very poor margins, and a stressed capital structure with negative equity and high debt—despite improved but volatile positive cash flow in recent years. With no usable technical indicators and limited valuation inputs (negative P/E and no dividend yield), there is insufficient evidence in the provided data to offset the elevated fundamental risk.
Positive Factors
Revenue Rebound
The sharp 2026 revenue recovery indicates that sugar operations retained the ability to generate sales after a weak year. Sustaining this recovery could improve capacity utilization and operating leverage, although the low comparison base limits certainty.
Negative Factors
Persistent Losses
Recurring losses and deeply negative net margins show that revenue has not translated into sustainable shareholder returns. Without a durable improvement in pricing, costs, or utilization, continued losses could consume cash and constrain investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The sharp 2026 revenue recovery indicates that sugar operations retained the ability to generate sales after a weak year. Sustaining this recovery could improve capacity utilization and operating leverage, although the low comparison base limits certainty.
Read all positive factors
Dharani Sugars & Chemicals Ltd. (DHARSUGAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹286.52M
Dividend Yield4.51%
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)N/A
Revenue Growth368.67%
EPS Growth9.30%
CountryIN
Employees763
SectorGeneral
Sector StrengthN/A
IndustryFood Confectioners
Share Statistics
EPS (TTM)-24.59
Shares Outstanding33,200,000
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)-0.13
Price to Sales (P/S)14.36
P/FCF Ratio0.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dharani Sugars & Chemicals Ltd. Business Overview & Revenue Model
Company Description
Dharani Sugars & Chemicals Ltd., headquartered in Chennai, India, primarily operates within the Indian market, focusing on the production and distribution of white sugar. Its diverse business activities also encompass the generation of electricity...
How the Company Makes Money
The company primarily makes money by selling manufactured sugar produced from processed sugarcane. In addition, it typically earns revenue from the sale of sugar-industry by-products generated during processing (such as molasses and bagasse) and f...
Dharani Sugars & Chemicals Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
5
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Jun 2024 | Mar 2023 | Sep 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.38M | 24.13M | 7.15M | 0.00 | 8.21M | 396.73M |
| Gross Profit | -295.49M | -436.78M | -429.97M | -7.31M | 1.06M | 48.00M |
| EBITDA | -239.13M | -216.88M | -208.98M | 95.97M | -90.98M | -168.14M |
| Net Income | -939.53M | -1.05B | -929.95M | 1.21B | -313.57M | -401.97M |
Balance Sheet | ||||||
| Total Assets | 4.64B | 4.49B | 4.71B | 4.92B | 5.17B | 5.36B |
| Cash, Cash Equivalents and Short-Term Investments | 54.54M | 1.35M | 3.12M | 4.23M | 6.53M | 1.47M |
| Total Debt | 4.09B | 3.92B | 4.36B | 4.19B | 5.39B | 5.33B |
| Total Liabilities | 6.68B | 7.12B | 6.34B | 5.68B | 7.15B | 7.02B |
| Stockholders Equity | -2.04B | -2.63B | -1.63B | -757.75M | -1.97B | -1.66B |
Cash Flow | ||||||
| Free Cash Flow | 466.37M | 416.24M | 59.80M | 1.26B | -54.59M | -29.02M |
| Operating Cash Flow | 466.37M | 416.24M | 60.31M | 1.26B | -54.59M | -29.02M |
| Investing Cash Flow | 49.00K | 23.88M | 214.00K | 1.39M | 895.00K | 423.00K |
| Financing Cash Flow | -465.00M | -439.32M | -62.69M | -1.27B | 58.75M | -27.94M |
Dharani Sugars & Chemicals Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹516.03M | 8.38 | ― | ― | 61.82% | 8.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹286.52M | -0.43 | ― | 4.51% | 368.67% | 9.30% | |
43 Neutral | ₹332.30M | -0.60 | ― | ― | ― | ― | |
42 Neutral | ₹360.69M | -3.51 | ― | 1.06% | 296.49% | 19.23% |
* General Sector Average
IN:DHARSUGAR
Dharani Sugars & Chemicals Ltd.
―
―
―
IN:PRUDMOULI
Prudential Sugar Corp. Ltd.
16.00
-20.34
-55.97%
IN:SANWARIA
Sanwaria Consumer Ltd
0.49
0.00
0.00%
IN:SIMBHALS
Simbhaoli Sugars Ltd
8.05
-6.63
-45.16%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.