Dalmia Bharat Sugar and Industries Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- June 18, 2026
- Posted by: Kunal Singla
- Category: News
Dalmia Bharat Sugar Rs 431.65 (5 Oct 2026), up 8.8% today. 52-week range Rs 261.40 to Rs 520. Q1 FY27 PAT Rs 7.7 cr. P/B 0.99x.
Quick Answer
The Dalmia Bharat Sugar and Industries share price target for 2026 is Rs 396 to Rs 468, which is between 8 percent below and 8 percent above the latest price of Rs 431.65, with bull and bear cases of Rs 585 to Rs 675 and Rs 266 to Rs 308. Dalmia Bharat Sugar reported Q1 FY27 revenue down 9.9 percent to Rs 848 crore and profit down 80.3 percent to Rs 7.7 crore in the seasonally weak quarter, with sugar sales of 1.3 lakh tonnes at Rs 40.6 per kg. DAM Capital initiated coverage with a Buy and a target of Rs 710, citing inventory costed at Rs 36.9 per kg against spot prices above Rs 50, and the stock jumped 8.8 percent today to Rs 431.65. Because Q1 is the weak quarter and trailing EPS of Rs 25.12 is volatile, these ranges are Univest scenarios on forward earnings and sit well below the brokerage target.
The Dalmia Bharat Sugar and Industries share price target for 2026 is Rs 396 to Rs 468 in the Univest base case, with the stock at Rs 431.65 as of about 2:42 PM IST on 5 October 2026. That is 17.0 percent below its 52-week high of Rs 520.00 and 65.1 percent above its 52-week low of Rs 261.40, and the stock moved up 18.2 percent over the past year. Dalmia Bharat Sugar and Industries is one of India’s larger integrated sugar makers, with distillery and refractory businesses, and promoters hold 74.9 percent. It trades at about book value with debt to equity of 0.56.
Three things changed since the last update: Q1 FY27 results on 7 August showed a profit of only Rs 7.7 crore, sugar stocks rallied up to 13 percent on 25 September, and the stock jumped 8.8 percent today. This Dalmia Bharat Sugar and Industries stock analysis covers the Dalmia Bharat Sugar and Industries share price today, the Dalmia Bharat Sugar and Industries share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Dalmia Bharat Sugar and Industries buy or sell view.
Click Here – Get Free Investment Predictions
What Is the Dalmia Bharat Sugar and Industries Share Price Target for 2026?
The 2026 target for Dalmia Bharat Sugar and Industries shares is Rs 396 to Rs 468 in the Univest base case, which is -8.3% to +8.4% against the latest price. The bull case is Rs 585 to Rs 675 and the bear case is Rs 266 to Rs 308. DAM Capital has a Buy rating with a target of Rs 710, according to a market summary. Analyst consensus is used as a cross-check, not as the base.
Dalmia Bharat Sugar and Industries Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 431.65 |
|---|---|---|---|---|
| Bull Case | Rs 45 | 13x to 15x | 585 to 675 | +35.5% to +56.4% |
| Base Case | Rs 36 | 11x to 13x | 396 to 468 | -8.3% to +8.4% |
| Bear Case | Rs 28 | 9.5x to 11x | 266 to 308 | -38.4% to -28.6% |
FY28 EPS of Rs 36 in the base case is above trailing EPS of Rs 25.12 and assumes sugar realisations near Rs 45 per kg and ethanol volumes holding. The bull case needs sugar prices above Rs 50 per kg to hold through the season, and the bear case assumes prices fall back toward Rs 38. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the Dalmia Bharat Sugar and Industries share price target range around the current price.
Dalmia Bharat Sugar and Industries Company Overview and Share Price Today as of 5 October 2026
Dalmia Bharat Sugar and Industries share price today is Rs 431.65 on the NSE at about 2:42 PM IST on 5 October 2026, and it changes through the session. The market capitalisation is Rs 3,213 crore, and the stock trades at 15.8 times earnings against an industry average of 19.3 times. The Univest base case Dalmia Bharat Sugar and Industries share price target of Rs 396 to Rs 468 is -8.3% to +8.4% from here. The table below sets out the key numbers behind the Dalmia Bharat Sugar and Industries share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | DALMIASUG | BSE code 500097 |
| Sector | Sugar, ethanol and refractories | Per Univest sector classification |
| Latest Price (NSE) | Rs 431.65 | 5 Oct 2026, 2:42 PM IST |
| 52-Week High | Rs 520.00 | CMP is 17.0% below |
| 52-Week Low | Rs 261.40 | CMP is 65.1% above |
| 1-Year Return | About +18% | Weekly close Rs 364.90 on 3 Oct 2025 to Rs 431.35 |
| Market Capitalisation | Rs 3,213 crore | Small cap sugar company |
| Trailing P/E | About 15.8x | Industry P/E about 19.3x |
| P/B Ratio | About 0.99x | Book value Rs 400.60 per share |
| EPS (TTM) | Rs 25.12 | Trailing twelve months |
| Return on Equity | About 7.3% | Debt to equity 0.56 |
| Dividend Yield | About 1.51% | Dividend paid yearly |
| 12-Month Target (Base Case) | Rs 396 to Rs 468 | Univest base case |
| Bull Case | Rs 585 to Rs 675 | +35.5% to +56.4% |
| Bear Case | Rs 266 to Rs 308 | -38.4% to -28.6% |
How Did Dalmia Bharat Sugar and Industries Perform in Q1 FY27?
Dalmia Bharat Sugar reported Q1 FY27 revenue of Rs 848 crore, down 9.9 percent, EBITDA of Rs 71.4 crore and net profit of Rs 7.7 crore, down 80.3 percent. Sugar sales were 1.3 lakh tonnes at a net sale realisation of Rs 40.6 per kg, and distillery output was 4.3 crore litres. Together these Q1 FY27 numbers anchor the Dalmia Bharat Sugar and Industries share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Revenue | Rs 848 crore | Down 9.9% year on year |
| EBITDA | Rs 71.4 crore | Seasonally weak quarter |
| Net Profit | Rs 7.7 crore | Down 80.3%; Q4 FY26 was Rs 103.5 crore |
| Sugar Net Realisation | Rs 40.6 per kg | Spot above Rs 50 per kg |
| Tanzania Project | US$132 million | Approved by the board |
| Promoter Holding | 74.9% | Stable |
Sugar revenue fell and the distillery segment improved, and the board approved a Tanzania project and the conversion of the Ramgarh distillery. Management expects a better second half as higher-priced inventory is sold. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Dalmia Bharat Sugar and Industries share price target.
Why Is Dalmia Bharat Sugar Share Price Up 18 Percent in a Year?
Dalmia Bharat Sugar shares rose because sugar prices rallied and the company holds low-cost inventory. The stock climbed from Rs 261.40 in the week of 19 January 2026 to Rs 520 in the week of 24 August, with a jump of 18 percent in the week of 17 August.
It has since traded between Rs 378 and Rs 463 and jumped 8.8 percent today on volume of 9.4 lakh shares, and the sources we checked do not tie today’s move to a single cause. Sugar stocks rallied up to 13 percent on 25 September after more export quota was approved. The Dalmia Bharat Sugar and Industries share price target scenarios below account for that move.
Key Catalysts for the Dalmia Bharat Sugar and Industries Share Price Target in 2026
4 catalysts matter most for the Dalmia Bharat Sugar and Industries share price target, and sector tailwinds in Sugar, ethanol and refractories are part of the case. Together they decide whether the base case is reached.
1. Low-Cost Inventory
DAM Capital notes inventory costed at Rs 36.9 per kg against spot prices above Rs 50. Selling that stock lifts second-half profit. If it plays out, the Dalmia Bharat Sugar and Industries share price target moves toward the top of the base range.
2. Export Quota
The government approved additional export quota, and sugar stocks gained up to 5 percent. Exports ease the domestic surplus. Strength here would support the upper end of the Dalmia Bharat Sugar and Industries share price target.
3. Distillery and Ethanol
The distillery segment improved in Q1 and the Ramgarh plant is being converted. Ethanol adds steadier income to sugar. Delivery on this point keeps the Dalmia Bharat Sugar and Industries share price target on track.
4. Tanzania Project
The board approved a US$132 million project in Tanzania. It adds a growth leg beyond Indian sugar. Better news here would lift the Dalmia Bharat Sugar and Industries share price target toward the bull case.
What Are the Key Risks to the Dalmia Bharat Sugar and Industries Share Price Target?
The main risks are volatile sugar prices, policy changes, seasonal earnings and a sharp run-up. Each can pull the Dalmia Bharat Sugar and Industries share price target lower.
Volatile Sugar Prices
Earnings depend on sugar realisations, and a fall toward Rs 38 per kg would cut profit sharply. The stock moved 18 percent in one week. If it materialises, the Dalmia Bharat Sugar and Industries share price target would slip toward the bear case.
Policy Risk
Export quotas, minimum selling price and ethanol rates are set by the government. A change would move the stock quickly. This is the main downside risk to the Dalmia Bharat Sugar and Industries share price target.
Seasonal Earnings
Q1 profit was only Rs 7.7 crore against Rs 103.5 crore in Q4 FY26. Quarterly results swing with the crushing season. A worsening here would cut the Dalmia Bharat Sugar and Industries share price target toward the low end of the range.
Sharp Run-Up
The stock is up 65 percent from its January low and 8.8 percent today. Profit-taking could pull it toward Rs 380. Watch it closely, because it can pull the Dalmia Bharat Sugar and Industries share price target lower quickly.
Dalmia Bharat Sugar and Industries Stock Analysis: Support and Resistance Levels for the Share Price Target
Dalmia Bharat Sugar and Industries stock analysis on weekly charts shows a range of Rs 378 to Rs 448 since mid-September, with the stock near the top after today’s jump.
The first support level is Rs 400 to Rs 414, today’s low and the low of the week of 7 September. Below that, Rs 377 to Rs 391 marks the September lows, and a close under Rs 400 would weaken the move.
The first resistance level is Rs 448 to Rs 463, the highs of the weeks of 28 and 7 September. Above that, Rs 477 to Rs 520 marks the August highs. These levels come from weekly price action, are not trade recommendations, and frame the near-term Dalmia Bharat Sugar and Industries share price target.
Dalmia Bharat Sugar and Industries Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Dalmia Bharat Sugar and Industries Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 400 and Rs 463, from today’s low to the early-September high. A close above Rs 463 would put Rs 497 in play, while a break under Rs 400 would put Rs 391 in play. Sugar prices and Q2 FY27 results are the triggers. This range anchors the near-term Dalmia Bharat Sugar and Industries share price target.
12-Month and 2027 Dalmia Bharat Sugar and Industries Share Price Target
The 12-month target price is Rs 396 to Rs 468, valued on 11 to 13 times FY28 EPS of Rs 36. The range across scenarios runs from Rs 266 in the bear case to Rs 675 in the bull case.
Long-Term Dalmia Bharat Sugar and Industries Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 500 to Rs 780. This assumes EPS of Rs 50 in FY29 and Rs 60 in FY30 and a multiple of 10 to 13 times. It needs sugar and ethanol prices to hold. This is the long-term Dalmia Bharat Sugar and Industries share price target in the Univest scenarios.
Bull Case and Bear Case for Dalmia Bharat Sugar and Industries Share Price Target
Bull Case Rs 585 to Rs 675
The bull case of Rs 585 to Rs 675 for the Dalmia Bharat Sugar and Industries share price target needs EPS of Rs 45 and the market to pay 13 to 15 times for it. It is +35.5% to +56.4% from the latest price.
Bear Case Rs 266 to Rs 308
The bear case of Rs 266 to Rs 308 for the Dalmia Bharat Sugar and Industries share price target equals 9.5 to 11 times FY28 EPS of Rs 28 and sits above the Rs 261 low. It is -38.4% to -28.6% from the latest price.
Is Dalmia Bharat Sugar and Industries a Good Buy at Rs 432? Dalmia Bharat Sugar and Industries Buy or Sell View
Whether Dalmia Bharat Sugar and Industries is a buy at Rs 431.65 depends on horizon and risk appetite. The base case implies -8 to 8 percent from here, DAM Capital’s Rs 710 target is above the Univest bull range, and the open question is sugar prices. The Dalmia Bharat Sugar and Industries share price target range is the starting point for that decision.
Long-term holders may focus on inventory gains, ethanol and the book value near Rs 400, and treat Rs 400 as the level to watch. Short-term traders may prefer to wait for a close above Rs 463 after today’s jump. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Dalmia Bharat Sugar and Industries buy or sell view is educational.
How to Invest in Dalmia Bharat Sugar and Industries Shares
Step 1: Check the live price, valuation and the latest Dalmia Bharat Sugar and Industries share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Dalmia Bharat Sugar and Industries share price target.
Step 3: Search for DALMIASUG on the NSE or 500097 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 266 is bearable.
Step 5: Track sugar prices, export policy and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Dalmia Bharat Sugar and Industries share price target.
Conclusion
Dalmia Bharat Sugar and Industries closed at Rs 431.65 against a Univest base case share price target of Rs 396 to Rs 468, a bull case of Rs 585 to Rs 675 and a bear case of Rs 266 to Rs 308. Q1 FY27 was a weak seasonal quarter with profit of Rs 7.7 crore, but sugar prices are above Rs 50 per kg and inventory is costed near Rs 37. The main risks are price volatility, policy and a sharp run-up.
The stock is 17 percent below its 52-week high, so the base case implies roughly -8 to 8 percent from here. The triggers to watch are sugar prices, the Q2 FY27 results and the Rs 400 and Rs 463 levels. Re-check the Dalmia Bharat Sugar and Industries share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Dalmia Bharat Sugar and Industries live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Dalmia Bharat Sugar and Industries Share Price Target 2026
What is the Dalmia Bharat Sugar and Industries share price target for 2026?
Ans. The Dalmia Bharat Sugar and Industries share price target for 2026 is Rs 396 to Rs 468 in the Univest base case, with a bull case of Rs 585 to Rs 675 and a bear case of Rs 266 to Rs 308. DAM Capital has a Buy rating with a target of Rs 710, according to a market summary. These are estimates and can change after the Q2 FY27 results.
What is the Dalmia Bharat Sugar and Industries share price target for 2027?
Ans. The Dalmia Bharat Sugar and Industries share price target for 2027 is Rs 396 to Rs 468 in the base case, valued on 11 to 13 times FY28 EPS of Rs 36. The scenario range runs from Rs 266 to Rs 675.
Is Dalmia Bharat Sugar and Industries a good buy at Rs 431.65?
Ans. Whether Dalmia Bharat Sugar and Industries is a good buy at Rs 431.65 depends on your horizon, risk appetite and how you read the Dalmia Bharat Sugar and Industries share price target. The stock trades at about book value and 15.8 times earnings with a Buy from DAM Capital, but it jumped 8.8 percent today and earnings swing with sugar prices. Consult a SEBI-registered advisor before investing.
What are the key risks to the Dalmia Bharat Sugar and Industries share price target?
Ans. The key risks to the Dalmia Bharat Sugar and Industries share price target are volatile sugar prices, policy risk, seasonal earnings and sharp run-up. Earnings depend on sugar realisations, and a fall toward Rs 38 per kg would cut profit sharply. The stock moved 18 percent in one week.
What are the key catalysts for the Dalmia Bharat Sugar and Industries share price target?
Ans. The key catalysts for the Dalmia Bharat Sugar and Industries share price target are low-cost inventory, export quota, distillery and ethanol and tanzania project. DAM Capital notes inventory costed at Rs 36.9 per kg against spot prices above Rs 50. Selling that stock lifts second-half profit.
Where can I track Dalmia Bharat Sugar and Industries share price today and Dalmia Bharat Sugar and Industries share price target updates?
Ans. You can track the live Dalmia Bharat Sugar and Industries share price, results and any change to the Dalmia Bharat Sugar and Industries share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Dalmia Bharat Sugar and Industries’s 52-week high and low?
Ans. Dalmia Bharat Sugar and Industries’s 52-week high is Rs 520.00 and its 52-week low is Rs 261.40, based on weekly NSE data. At Rs 431.65 the stock is 17.0 percent below the high and 65.1 percent above the low. Both levels frame the Dalmia Bharat Sugar and Industries share price target.
How to buy Dalmia Bharat Sugar and Industries shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for DALMIASUG on the NSE or 500097 on the BSE, and place a limit order near your entry price, using the Dalmia Bharat Sugar and Industries share price target range as a guide. Size the position so a fall to Rs 266 is bearable, and check the live price on the Univest Screener first.
