Annual reportAug 2026
Aug 2026 · Copy of Newspaper Publication 4 Aug - AGM notice published on 4 Aug 2026; FY26 annual report dispatched and e-voting details shared.
Source: Nse
Dollex Agrotech Ltd. (DOLLEX)
SME CapIndustrials stocks · SME cap · NSE
Dollex Agrotech Ltd. operates in Agro Products, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹35.6
-0.80 · -2.20%
Market cap ₹142 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals20 Oct 2026 · screener
Latest result16 Aug, 12:42 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
56NeutralSMA20 +2.3% / mo · MACD −
Stock trend: 60
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
DOLLEXD candles · FIT view+16.2%Latest close ₹35.60 on 2026-10-19
Bar
-5.6%
RSI
46
MACD hist
-0.29
52W pos
57%
2026-10-19O ₹37.73H ₹37.80L ₹35.01C ₹35.60Vol 21,981 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DOLLEXNifty India ManufacturingNifty 500
- DOLLEX
- +17.3%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -6.3%
- Vs Nifty 500
- +22.9 pp
Chart stats
19 Oct 2026- From 52W high
- -18.3%
- 52W range position
- 55%
- ATR (14)
- 7.1%
- Volume vs 20D
- 0.86x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹32.6 - ₹40
₹43.6
₹26 - ₹43.6
₹2.5
Latest completed session
20-session average
46.0% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED30
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +10.3% · PAT -26.9% YoY
Technical
Neutral56
Price trend and sector-relative-strength timing.
Valuation
Legacy model+54.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence36
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -27% YoY · margin compression · Rev +10% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹40 Cr | +10.3% | -63.2% |
| EBITDA | ₹3.4 Cr | -3.4% | -56.4% |
| Operating margin | 8.5% | -121 bps | +134 bps |
| PAT | ₹1.3 Cr | -26.9% | -72.4% |
| PAT margin | 3.2% | -163 bps | -107 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 17.90
- P/B
- 1.15
- EV/EBITDA
- 15.35
- Market Cap
- 142.00Cr
Profitability
- ROE
- 8.86%
- ROCE
- 5.44%
- ROA
- 1.93%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 24.00%
- EPS 5Y
- 41.00%
- Revenue 3Y
- 27.00%
- EPS 3Y
- 11.00%
Balance Sheet
- Debt/Equity
- 1.33
- Interest Coverage
- 4.25×
- Altman Z
- 1.37
- Book Value
- 31.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -7.00 Cr
- EPS TTM
- 1.99
Shareholding
- Promoter Hold
- 51.07%
- Promoter Pledge
- 93.90%
- Momentum 52W
- 49%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 40.0-63.2% vs prev
Net Profit
₹ CrLatest: 1.3-72.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 46. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~2.3% over last month) — short-term momentum positive.
- RSI(14) at 46 — sideways, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 17% off 52W high · 37% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & peers
U-Score 30 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 30 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · OVERVALUEDValuation18/30
Growth19/25
Quality0/20
Balance Sheet0/15
Cash Flow0/10
Piotroski
4/9 (+1)
Penalties
-8
Raw sum
30
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
30/100 · legacy band OVERVALUED
Positive drivers
- Fair-value margin of safety is positive at 54.5%.
- Growth contributes 19/25 to the score.
- Valuation contributes 18/30 to the score.
Main drags
- Altman Z is 1.4, in distress territory.
- Promoter pledge is 93.9%.
- Penalty bucket subtracts 8 points.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
17.9
PB
1.1
EV/EBITDA
15.3
ROE
8.9%
ROCE
5.4%
FCF Yield
—
Debt/Equity
1.3
MoS
+54.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
30
Previous: 30
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
+54.5%
Previous: +54.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
26
26
32
29
25
30
29
29
29
30
30
30
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹37.26
+4.4% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹78.21
+54.5% MoS
PEG
0.62
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SHYAMDHANI
SME
Shyam Dhani Industries Ltd.
Agro Processing
match 72
54
12.8
18.5%
+61%
FAIR VALUE
ANIKINDS
Small
Anik Industries Limited
Agro Processing
match 68
21
58.5
0.6%
-67%
OVERVALUED
SHBAJRG
Small
Shri Bajrang Alliance Limited
Agro Processing
match 68
53
3.3
12.3%
+84%
FAIR VALUE
NARMADA
Small
Narmada Agrobase Limited
Agro Processing
match 66
22
25.8
—
+35%
OVERVALUED
SAIFL
SME
Sameera Agro And Infra Ltd.
Agro Processing
match 65
61
1.7
11.4%
+95%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Dollex Agrotech Ltd. operates in Agro Products, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
36Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 1st percentile of the scored universe and 1st percentile within Industrials. Main check: results consistency is weak at 27/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
1st percentile
overall median 67 · Industrials: 1st pctile, median 68 · SME: 1st pctile, median 64
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Do not rely on management narrative unless hard turnaround evidence is visible.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
35
weak · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
35
weak · leverage and solvency
Discipline
56
watch · capital discipline
Results
27
weak · quarterly consistency
Trust positives
- ▸No strong positive evidence yet.
Trust risks
- ▸Promoters have pledged 88.4% of holding.
- ▸Operating cash flow is negative at ₹-7 Cr.
- ▸Altman Z is 1.36.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Dollex Agrotech Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Credit rating
Credit-rating report · Dollex Agrotech Limited has informed the Exchange about Credit Rating
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.