Dhampure Speciality stock hits 5% upper circuit after reporting 235% growth in operating profits

Synopsis: An ethanol-focused micro-cap hit a 5% upper circuit after posting 43% YoY revenue growth and a sharp 235% surge in operating profit, with net profit rising 179% YoY in Q3.

A micro-cap company, primarily engaged in manufacturing and trading of sugars and allied activities, has come into the spotlight following the announcement of its Q3 financial results, attracting attention from investors and market watchers.

With a market capitalization of Rs. 88.10 crore, the shares of Dhampure Speciality Sugars Limited were trading at Rs. 100.90, hitting upper circuit of 5 percent from its previous day’s closing price of Rs. 96.10 per equity share. 

Q3FY26 Results

The company reported revenue of Rs. 16.35 crore in Q3FY26, marking a 43.2 percent YoY growth compared to Rs. 11.42 crore in Q3FY25. On a sequential basis, revenue increased by 10.8 percent QoQ from Rs. 14.76 crore in Q2FY26, reflecting steady improvement in topline performance.

EBITDA stood at Rs. 2.48 crore in Q3FY26, registering a strong 235.1 percent YoY surge from Rs. 0.74 crore in Q3FY25. However, on a QoQ basis, EBITDA declined by 20.5 percent from Rs. 3.12 crore in Q2FY26, indicating some moderation in operating margins during the quarter.

Net profit came in at Rs. 2.04 crore in Q3FY26, up 179.5 percent YoY from Rs. 0.73 crore in Q3FY25. On a sequential basis, profit rose marginally by 4.6 percent QoQ compared to Rs. 1.95 crore in Q2FY26, demonstrating stable bottom-line growth.

Dhampure Speciality Sugars Limited manufactures and sells a wide range of sugar and jaggery-based products in India, including raw and inverted sugar, gur, khandsari, fortified jaggery, syrups, spreads, confectionery items, and baking supplies. The company also caters to HoReCa and B2B segments and exports its products. Incorporated in 1992, it is headquartered in New Delhi, India.

A return on equity (ROE) of about 8.88 percent, a return on capital employed (ROCE) of about 11.6 percent and debt to equity ratio at 0 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 16.8x higher as compared to its industry P/E 9.37x.  

Over the past five years, the company has demonstrated strong growth, achieving a revenue CAGR of 40 percent, a profit CAGR of 67 percent, and a price CAGR of 36 percent, reflecting operational performance and share price performance.

As of December 2025, the company’s shareholding pattern indicates that promoters hold a 60.27 percent stake, while the remaining 39.73 percent is held by public shareholders.

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