Dollar Industries Ltd
About
Dollar Industries was founded in 1972-73 by Dindayal Gupta as Bhawani Textiles. In 2008, it rebranded and transitioned into Dollar Industries Limited. The company is a hosiery and knitwear brand, contributing about 15% of the market share in India. It provides innerwear, thermal wear, sleepwear, athleisure, socks, handkerchiefs, rain guards, bodysuits, and more. In addition to presence in all 29 Indian states, Dollar Industries can be found in countries in the Middle East, such as Qatar, Jordan, the UAE, Oman, and more. Its manufacturing facility in Tirupur processes around 13.5 tonnes every day while maintaining its 1000 kl zero liquid discharge policy and using solar energy to reduce CO2 emissions by 9000 kgs every day. Under the leadership of Vinod Kumar Gupta and Binay Kumar Gupta, Dollar was able to generate an annual revenue of ₹1398.57 cr in FY 22-23, out of which ₹81.86 cr were contributed by the exports.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1676 30.5% | 1284 -14.6% | 1504 41.9% | 1060 11.8% | 948 -11.6% | 1072 8.3% | 990 13.0% | 876 -2.1% | 895 21.6% | 736 8.3% | 680 16.0% | 586 28.5% | 456 11.7% | 408 85.0% | 221 - |
| Net Operating Income (INR Cr) | 1572 12.80% | 1394 3.82% | 1343 29.47% | 1037 7.22% | 967 -5.99% | 1029 11.15% | 926 0.00% | 886 7.84% | 822 13.47% | 724 5.11% | 689 18.89% | 579 27.77% | 454 14.36% | 397 0.00% | 217 12.82% |
| Profit (INR Cr) | 90 71.7% | 53 -64.3% | 147 72.4% | 85 48.8% | 57 -22.1% | 74 15.7% | 64 46.3% | 43 65.1% | 26 35.5% | 19 41.8% | 14 22.8% | 11 27.1% | 9 12.8% | 8 35.7% | 6 - |
| Assets (INR Cr) | 1114 25.0% | 891 0.5% | 887 32.8% | 668 -1.4% | 677 5.7% | 641 19.0% | 539 32.9% | 405 5.5% | 384 26.1% | 305 17.2% | 260 2.2% | 254 13.9% | 223 17.9% | 189 114.8% | 88 - |
| Net Worth (INR Cr) | 781 10.5% | 707 5.4% | 671 25.0% | 537 16.5% | 461 10.9% | 416 18.0% | 352 0.0% | 188 28.9% | 145 20.9% | 120 19.0% | 101 14.2% | 89 12.7% | 79 11.2% | 71 0.0% | 51 12.8% |
| Employee Cost (INR Cr) | 89 16.2% | 77 20.3% | 64 43.3% | 45 6.1% | 42 25.1% | 34 27.3% | 26 21.4% | 22 139.2% | 9 47.0% | 6 49.2% | 4 29.3% | 3 - | 0 - | 2 500.0% | 0 - |
| Interest Cost (INR Cr) | 20 | 15 | 10 | 9 | 16 | 16 | 18 | 21 | 20 | 20 | 17 | 19 | 15 | 8 | 4 |
| Cash & Bank Balance (INR Cr) | 2 | 1 | 1 | 7 | 6 | 22 | 20 | 10 | 10 | 9 | 10 | 20 | 8 | 7 | 2 |
| Total Debt (INR Cr) | 321 | 175 | 206 | 124 | 210 | 223 | 184 | 216 | 233 | 181 | 151 | 158 | 145 | 119 | 38 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 5.4% | 4.1% | 9.8% | 8.1% | 6.1% | 6.9% | 6.4% | 5.0% | 2.9% | 2.6% | 2.0% | 1.9% | 1.9% | 1.9% | 2.6% |
| Profit As % Of Assets | 8.1% | 5.9% | 16.6% | 12.8% | 8.5% | 11.5% | 11.8% | 10.7% | 6.9% | 6.4% | 5.3% | 4.4% | 3.9% | 4.1% | 6.5% |
| Profit As % Of Networth | 11.6% | 7.4% | 21.9% | 15.9% | 12.4% | 17.7% | 18.1% | 23.2% | 18.1% | 16.2% | 13.6% | 12.6% | 11.2% | 11.0% | 11.3% |
| Interest Cost to EBITDA % | 12.4% | 16.1% | 4.8% | 6.7% | 15.8% | 12.2% | 14.8% | 20.5% | 30.3% | 36.2% | 38.8% | 45.2% | 42.9% | 37.1% | 43.2% |
| Debt to Equity Ratio | 0.41 | 0.25 | 0.31 | 0.23 | 0.46 | 0.54 | 0.52 | 1.15 | 1.60 | 1.50 | 1.49 | 1.78 | 1.84 | 1.68 | 0.74 |
| RONW | 12.3% | 7.6% | 24.4% | 17.1% | 13.1% | 19.2% | 18.1% | 26.1% | 19.8% | 17.6% | 14.5% | 12.6% | 11.2% | 11.0% | 12.0% |
| ROCE | 14.1% | 9.1% | 26.8% | 18.5% | 14.3% | 21.3% | 21.1% | 22.1% | 17.7% | 18.1% | 14.4% | 14.1% | 12.2% | 10.7% | 14.7% |