---
title: "Dollex Industries Ltd (531367) — Share Price, Financials & Analysis"
symbol: "531367"
company: "Dollex Industries Ltd"
canonical: "https://tapetide.com/stocks/531367"
isin: "INE892A01020"
bse_code: "531367"
sector: "Fast Moving Consumer Goods"
industry: "Agricultural Food & other Products"
generated_at: "2026-09-13T19:20:37.936Z"
---

# Dollex Industries Ltd (531367)

Canonical page: https://tapetide.com/stocks/531367

## Company

- **BSE Code:** 531367
- **ISIN:** INE892A01020
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Agricultural Food & other Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** dollexindustries.com

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.44 times its book value

### Weaknesses

- Company has a low return on equity of -0.37% over last 3 years.
- Working capital days have increased from 869 days to 1,716 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 1000% | — | — |
| revenue growth | -25% | 106% | 32% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 5.05 | 22.94 | 3.81 | 2.19 | 18.05 | 4.91 | 0.77 | 0.03 | 1.35 | 18 | 0 |
| Expenses | 0.05 | 5.11 | 22.96 | 3.86 | 2.24 | 18.15 | 4.87 | 0.91 | 0.07 | 1.04 | 17.93 | 0.08 |
| Operating Profit | -0.05 | -0.06 | -0.02 | -0.05 | -0.05 | -0.1 | 0.04 | -0.14 | -0.04 | 0.31 | 0.07 | -0.08 |
| OPM % | — | -1.19 | -0.09 | -1.31 | -2.28 | -0.55 | 0.81 | -18.18 | -133.33 | 22.96 | 0.39 | — |
| Other Income | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.04 | 0.1 | 0.05 | 0.05 | 0.05 | -0.05 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Profit before tax | -0.09 | -0.17 | -0.07 | -0.1 | -0.1 | -0.07 | 0.01 | -0.17 | -0.07 | 0.28 | 0.04 | -0.11 |
| Tax % | 0 | 0 | 0 | 0 | 0 | -428.57 | 0 | 0 | 0 | 28.57 | 25 | 0 |
| Net Profit | -0.09 | -0.17 | -0.08 | -0.1 | -0.1 | 0.23 | 0.02 | -0.16 | -0.06 | 0.21 | 0.04 | -0.1 |
| EPS in Rs | -0.03 | -0.05 | -0.02 | -0.03 | -0.03 | 0.06 | 0.01 | -0.04 | -0.02 | 0.06 | 0.01 | -0.03 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2009 | Sep 2010 | Sep 2011 | Mar 2012 6m | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 11.71 | 22.06 | 17.03 | 1.73 | 1.32 | 0.81 | 18.42 | 46.99 | 7.06 | 19.38 |
| Expenses | 10.17 | 21.5 | 19.8 | 2.96 | 1.58 | 0.95 | 18.58 | 47.21 | 6.87 | 19.12 |
| Operating Profit | 1.54 | 0.56 | -2.77 | -1.23 | -0.26 | -0.14 | -0.16 | -0.22 | 0.19 | 0.26 |
| OPM % | 13.15 | 2.54 | -16.27 | -71.1 | -19.7 | -17.28 | -0.87 | -0.47 | 2.69 | 1.34 |
| Other Income | 0.04 | 0.04 | 0.55 | 0.08 | -0.02 | -0.02 | -0.01 | 0 | 0 | 0 |
| Interest | 0.06 | 0.04 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.01 | 0 |
| Depreciation | 0.32 | 0.29 | 0.32 | 0.13 | 0.19 | 0.14 | 0.21 | 0.1 | 0.1 | 0.12 |
| Profit before tax | 1.2 | 0.27 | -2.54 | -1.28 | -0.47 | -0.3 | -0.38 | -0.34 | 0.08 | 0.14 |
| Tax % | 14.17 | 7.41 | -12.2 | -0.78 | -14.89 | -40 | 0 | -88.24 | 100 | — |
| Net Profit | 1.03 | 0.25 | -2.23 | -1.28 | -0.4 | -0.18 | -0.38 | -0.04 | 0 | 0.09 |
| EPS in Rs | 0.29 | 0.07 | -0.62 | -0.36 | -0.11 | -0.05 | -0.11 | -0.01 | 0 | 0.02 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2008 | Sep 2009 | Sep 2010 | Sep 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 7.44 | 17.88 | 17.88 | 17.88 | 17.88 | 17.88 | 17.88 | 17.88 | 17.88 | 17.88 |
| Reserves | 15.82 | 22.07 | 23.11 | 20.88 | 19.6 | 19.2 | 19.02 | 18.63 | 18.59 | 18.59 |
| Borrowings | 0.4 | 0.48 | 0.24 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 6.05 | 5.7 | 3.38 | 1.59 | 1.59 | 2.61 | 1.25 | 3.86 | 0.68 | 8.75 |
| Total Liabilities | 29.71 | 46.13 | 44.61 | 40.35 | 39.07 | 39.69 | 38.15 | 40.37 | 37.15 | 45.22 |
| Fixed Assets | 3.12 | 2.74 | 2.45 | 2.17 | 2.02 | 1.55 | 1.36 | 1.15 | 1.05 | 0.95 |
| CWIP | 3.34 | 2.68 | 2.37 | 2.37 | 2.44 | 2.35 | 2.35 | 2.35 | 1.59 | 1.59 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 23.25 | 40.71 | 39.79 | 35.81 | 34.61 | 35.79 | 34.44 | 36.87 | 34.51 | 42.68 |
| Total Assets | 29.71 | 46.13 | 44.61 | 40.35 | 39.07 | 39.69 | 38.15 | 40.37 | 37.15 | 45.22 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2008 | Sep 2009 | Sep 2010 | Sep 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -5.18 | — | -14.7 | -1.81 | 0.18 | -2.64 | 1.14 | -0.09 | -0.55 | 0.26 |
| Cash from Investing Activity | -1.92 | — | 0 | -0.08 | -0.02 | 0.34 | 0.03 | 0 | 0.77 | 0 |
| Cash from Financing Activity | 5.42 | — | 0.52 | -0.3 | -0.01 | 1.08 | -1.15 | 0 | 0 | 0 |
| Net Cash Flow | -1.68 | — | -14.18 | -2.19 | 0.15 | -1.22 | 0.02 | -0.09 | 0.22 | 0.26 |
| Free Cash Flow | -7.1 | — | -14.7 | -1.89 | 0.16 | -2.3 | 1.17 | -0.09 | -0.55 | 0.26 |
| CFO/OP | -459 | — | -2621 | 77 | -15 | 1042 | -836 | 56 | 250 | 137 |

### Ratios

| Item | Sep 2008 | Sep 2009 | Sep 2010 | Sep 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0.35 | 0.62 | 0.33 | 0.43 | 4.22 | 5.53 | 9.01 | 0.4 | 39.54 | 0 |
| Inventory Days | 65.5 | 216.44 | 90.1 | 93.61 | 742.48 | 1472.37 | 2447.04 | 94.63 | 37.04 | 1157.97 |
| Days Payable | 28.92 | 40.98 | 11.53 | 1.38 | 10.92 | 21.65 | 35.99 | 0.4 | 0 | 447.47 |
| Cash Conversion Cycle | 36.93 | 176.08 | 78.9 | 92.66 | 735.78 | 1456.25 | 2420.07 | 94.63 | 76.57 | 710.5 |
| Working Capital Days | 101.34 | 512.12 | 538.07 | 707.28 | 6730.35 | 9498.3 | 14897.41 | 653.51 | 235.67 | 1716.43 |
| ROCE % | 6.03 | 4.03 | 0.76 | -6.88 | -3.35 | -1.21 | -0.76 | -1.01 | -0.88 | 0.25 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Dec 2017 |
| --- | --- | --- |
| Promoters | 14.81% | 14.81% |
| Government | 0% | 0.08% |
| Public | 85.19% | 85.1% |
| No. of Shareholders | 5012 | 4950 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 14.81% | 14.81% | 14.81% | 14.81% | 14.81% | 14.81% | 14.81% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0.08% |
| Public | 85.19% | 85.19% | 85.19% | 85.19% | 85.19% | 85.19% | 85.1% |
| No. of Shareholders | 5002 | 5021 | 5036 | 5012 | 4942 | 4930 | 4950 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1.15 | Sell |
| EMA (10) | 1.15 | Sell |
| SMA (20) | 1.2 | Sell |
| EMA (20) | 1.18 | Sell |
| SMA (50) | 1.24 | Sell |
| EMA (50) | 1.28 | Sell |
| SMA (100) | 1.67 | Sell |
| EMA (100) | 1.37 | Sell |
| SMA (200) | 1.27 | Sell |
| EMA (200) | 1.29 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 36.46 | Neutral |
| MACD (12,26,9) | -0.04 | Sell |
| Stochastic (14,3,3) | 12.5 | Buy |
| ADX (14) | 19.91 | Neutral |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.06 | High Volatility |
| ROC (12) | -22.22 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 46.21 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 3 Feb - Board meeting on Feb 11, 2026 to approve unaudited standalone results for quarter ended Dec 31, 2025. | [Compliances-Reg. 50 (1) - Prior intimation about Board meeting under Regulation 50(1) 3 Feb - Board meeting on Feb 11, 2026 to approve unaudited standalone results for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c1e57d0d-7a7f-477c-9e41-b83a57b97b4e.pdf) |
| 26 Feb - 26-02-2026: H. D. Shekhawat resigns as whole-time director, continues as non-executive; committees reconstituted. | [Announcement under Regulation 30 (LODR)-Change in Management 26 Feb - 26-02-2026: H. D. Shekhawat resigns as whole-time director, continues as non-executive; committees reconstituted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7377c54-70d3-4ce1-b75f-b92da689078f.pdf) |
| 16 Feb - Appointed Ms. Charul Amit Houzwala as Company Secretary and Compliance Officer effective 16-02-2026. | [Appointment of Company Secretary and Compliance Officer 16 Feb - Appointed Ms. Charul Amit Houzwala as Company Secretary and Compliance Officer effective 16-02-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5909850c-9929-41fd-bf99-a5c2af5f597e.pdf) |
| 13 Feb - Newspaper Publication of Financial results for the quarter ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb - Newspaper Publication of Financial results for the quarter ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5af13f3-51fd-4441-b8ac-037d0575494f.pdf) |
| 12 Feb 2018 - Scheme of Amalgamation of Dollex Industries Limited (Transferor Company) into Parvati Sweetners and Power Limited (Transferee Company). | [Announcement under Regulation 30 (LODR)-Updates 12 Feb 2018 - Scheme of Amalgamation of Dollex Industries Limited (Transferor Company) into Parvati Sweetners and Power Limited (Transferee Company).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11c27df2-ffbc-4789-a15e-6100fb188a2d.pdf) |
| 12 Feb 2018 - Scheme of Amalgamation of Dollex Industries Limited (Transferor Company) into Parvati Sweetners and Power Limited (Transferee Company). | [Announcement under Regulation 30 (LODR)-Updates 12 Feb 2018 - Scheme of Amalgamation of Dollex Industries Limited (Transferor Company) into Parvati Sweetners and Power Limited (Transferee Company).](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/2/11c27df2-ffbc-4789-a15e-6100fb188a2d.pdf) |
| 11 Feb - Unaudited Q3 (31-Dec-2025) results: net loss Rs89.74 lakh; 9M loss Rs237.47 lakh; approved Feb 11, 2026. | [Board Meeting Outcome for Outcome Of Board Meeting 11 Feb - Unaudited Q3 (31-Dec-2025) results: net loss Rs89.74 lakh; 9M loss Rs237.47 lakh; approved Feb 11, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/05c0d1bb-182a-48cd-a119-a5f12fee9493.pdf) |
| — | [Financial Results For The Quarter Ended December 31, 2025. 11 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/50cbb57e-11dd-4dd2-ae80-0ff23d6df4fe.pdf) |
| — | [Board Meeting-Outcome of Board Meeting 12 Feb 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b811a31e-c16a-4987-b254-99ce4534da27.pdf) |
| — | [Board Meeting-Outcome of Board Meeting 12 Feb 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/2/b811a31e-c16a-4987-b254-99ce4534da27.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3130_INDUSFILA_2012_2013_09012014171519.zip) |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_2830_INDUSFILA_2011_2012_05112013120003.zip) |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_INDUSFILA_2010_2011_22062012102902.zip) |
| from nse | [Financial Year 2010 from nse](https://archives.nseindia.com/annual_reports/AR_INDUSFILA_2009_2010_09092010120000.zip) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532821/5328210317.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/531367/5313670317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532821/5328210316.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/531367/5313670316.pdf) |
| from bse | [Financial Year 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/532821/5328210315.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/531367/5313670315.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:20:37.936Z.