Dalmia Bharat Sugar and Industries (NSE:DALMIASUG) Cyclically Adjusted PB Ratio: 1.24 (As of Jul. 25, 2026) — Near Median

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NSE:DALMIASUG Dalmia Bharat Sugar and Industries Ltd NSE:DALMIASUG
72 GF Score
Price ₹361.95
GF Value ₹417.05
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Dalmia Bharat Sugar and Industries Cyclically Adjusted PB Ratio?

Dalmia Bharat Sugar and Industries NSE:DALMIASUG -0.32% 72 Cyclically Adjusted PB Ratio is 1.24 as of Jul. 25, 2026, which is 7% below its 10-year median of 1.33. GuruFocus rates NSE:DALMIASUG with a GF Score™ of 72/100 and a GF Value™ of ₹417.05 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 1,439 Consumer Packaged Goods companies, Dalmia Bharat Sugar and Industries ranks better than 50.52% on this metric.

As of today (2026-07-25), Dalmia Bharat Sugar and Industries's current share price is ₹361.95. Dalmia Bharat Sugar and Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₹292.15. Dalmia Bharat Sugar and Industries's Cyclically Adjusted PB Ratio for today is 1.24.

The historical rank and industry rank for Dalmia Bharat Sugar and Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:

NSE:DALMIASUG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 1.33   Max: 2.03
Current: 1.24

During the past years, Dalmia Bharat Sugar and Industries's highest Cyclically Adjusted PB Ratio was 2.03. The lowest was 1.07. And the median was 1.33.

NSE:DALMIASUG's Cyclically Adjusted PB Ratio is ranked better than
50.52% of 1439 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs NSE:DALMIASUG: 1.24

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Dalmia Bharat Sugar and Industries's adjusted book value per share data for the three months ended in Mar. 2026 was ₹400.600. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₹292.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dalmia Bharat Sugar and Industries  (NSE:DALMIASUG) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Dalmia Bharat Sugar and Industries Cyclically Adjusted PB Ratio Related Terms


Dalmia Bharat Sugar and Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dalmia Bharat Sugar and Industries's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dalmia Bharat Sugar and Industries Cyclically Adjusted PB Ratio Chart

Dalmia Bharat Sugar and Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 1.34 1.35

Dalmia Bharat Sugar and Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.34 0.00 1.27 0.00 1.35

NSE:DALMIASUG vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Dalmia Bharat Sugar and Industries's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dalmia Bharat Sugar and Industries Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dalmia Bharat Sugar and Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dalmia Bharat Sugar and Industries's Cyclically Adjusted PB Ratio falls into.


NSE:DALMIASUG
72GF Score
Dalmia Bharat Sugar and Industries Ltd NSE:DALMIASUG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dalmia Bharat Sugar and Industries Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Dalmia Bharat Sugar and Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=361.95/292.15
=1.24

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dalmia Bharat Sugar and Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Dalmia Bharat Sugar and Industries's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=400.6/164.2724*164.2724
=400.600

Current CPI (Mar. 2026) = 164.2724.

Dalmia Bharat Sugar and Industries Quarterly Data

Book Value per Share CPI Adj_Book
201209 110.765 82.244 221.239
201212 0.000 83.774 0.000
201303 56.674 85.687 108.651
201403 57.111 91.425 102.617
201503 56.840 97.163 96.099
201603 118.799 102.518 190.360
201703 155.851 105.196 243.374
201803 185.888 109.786 278.143
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 189.241 118.202 262.999
201906 0.000 120.880 0.000
201909 193.285 123.175 257.775
201912 0.000 126.235 0.000
202003 187.641 124.705 247.177
202006 0.000 127.000 0.000
202009 222.750 130.118 281.219
202012 0.000 130.889 0.000
202103 264.729 131.771 330.026
202106 0.000 134.084 0.000
202109 302.575 135.847 365.888
202112 0.000 138.161 0.000
202203 291.418 138.822 344.845
202206 0.000 142.347 0.000
202209 300.675 144.661 341.437
202212 0.000 145.763 0.000
202303 334.196 146.865 373.808
202306 0.000 150.280 0.000
202309 362.821 151.492 393.430
202312 0.000 152.924 0.000
202403 362.268 153.035 388.871
202406 0.000 155.789 0.000
202409 375.015 157.882 390.194
202412 0.000 158.323 0.000
202503 399.624 157.552 416.671
202506 0.000 159.755 0.000
202509 398.412 162.289 403.281
202512 0.000 163.281 0.000
202603 400.600 164.272 400.600

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.24 mean?
Dalmia Bharat Sugar and Industries (NSE:DALMIASUG) has a Cyclically Adjusted PB Ratio of 1.24 as of Jul. 25, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dalmia Bharat Sugar and Industries and its competitors. This is near median its historical median of 1.33. Over the past decade, Dalmia Bharat Sugar and Industries' Cyclically Adjusted PB Ratio has ranged from 1.07 to 2.03. According to the industry distribution chart, Dalmia Bharat Sugar and Industries ranks #712 out of 1439 companies in the Consumer Packaged Goods industry, placing it in the top 49.5%.
Is Dalmia Bharat Sugar and Industries' Cyclically Adjusted PB Ratio too high?
Dalmia Bharat Sugar and Industries' current Cyclically Adjusted PB Ratio of 1.24 is near median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 2.03. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Dalmia Bharat Sugar and Industries' value of 1.24 is 2.4% below this industry median. Based on the distribution chart, Dalmia Bharat Sugar and Industries ranks #712 out of 1439 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Dalmia Bharat Sugar and Industries has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dalmia Bharat Sugar and Industries' Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Dalmia Bharat Sugar and Industries ranks #712 out of 1439 companies for Cyclically Adjusted PB Ratio. This puts Dalmia Bharat Sugar and Industries in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Dalmia Bharat Sugar and Industries' value of 1.24 is 2.4% below this benchmark. Historically, Dalmia Bharat Sugar and Industries' own Cyclically Adjusted PB Ratio has ranged from 1.07 to 2.03 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 1.27, Dalmia Bharat Sugar and Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,439 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dalmia Bharat Sugar and Industries's current Cyclically Adjusted PB Ratio of 1.24 is 2.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dalmia Bharat Sugar and Industries and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dalmia Bharat Sugar and Industries's current Cyclically Adjusted PB Ratio is 1.24, which is near median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dalmia Bharat Sugar and Industries stock overvalued right now?
Based on GuruFocus' analysis, Dalmia Bharat Sugar and Industries (NSE:DALMIASUG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹417.05, compared to a current price of ₹361.95 — trading 13.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.24, which is near median its 10-year median of 1.33 and 2.4% below the Consumer Packaged Goods industry median of 1.27. Dalmia Bharat Sugar and Industries' overall GF Score™ is 72/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Dalmia Bharat Sugar and Industries (NSE:DALMIASUG), the current Cyclically Adjusted PB Ratio is 1.24 as of Jul. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dalmia Bharat Sugar and Industries (NSE:DALMIASUG) Overvalued in 2026?

Based on GuruFocus' analysis, Dalmia Bharat Sugar and Industries stock appears to be undervalued. The current stock price of ₹361.95 is trading 13.2% below its estimated GF Value™ of ₹417.05. GuruFocus considers Dalmia Bharat Sugar and Industries to be Modestly Undervalued.

Key valuation signals for NSE:DALMIASUG:

  • Cyclically Adjusted PB Ratio: 1.24 (near median its 10-year median of 1.33)
  • GF Value™: ₹417.05 vs. price of ₹361.95 (13.2% below fair value)
  • GF Score™: 72/100 with 10 warning signs
  • Industry Position: 2.4% below the Consumer Packaged Goods median (#712 of 1439)

No single metric tells the full story. See the NSE:DALMIASUG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dalmia Bharat Sugar and Industries Business Description

Other Exchanges 500097:India
Address 15, Barakhamba Road, 4th Floor, Corporate Office, Hansalaya Building, New Delhi, IND, 110001
Dalmia Bharat Sugar and Industries Ltd is mainly engaged in the manufacturing of sugar, generation of power, manufacturing of Industrial alcohol, and manufacturing of refractory products. The group's operating segments are Own Manufactured Sugar, Distillery, and Others. The Own Manufactured Sugar segment of the company derives the majority of its revenue and includes the manufacture and marketing of sugar. The Distillery segment includes the production and sale of ethanol and ENA, and the Others segment includes magnesite, travel, and electronics activities of the company. Geographically, the group has its presence in both domestic and overseas markets, of which the maximum revenue is generated from the domestic market, representing the sale of its products to customers located in India.
72GF Score

Get the complete analysis for NSE:DALMIASUG

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹361.95
Price
₹417.05
GF Value