Davangere Sugar Company Ltd

₹ 74.0 3.64%
27 Jan - close price
  • Market Cap 696 Cr.
  • Current Price 74.0
  • High / Low 89.8 / 15.2
  • Stock P/E 59.8
  • Book Value 32.1
  • Dividend Yield 0.00 %
  • ROCE 5.80 %
  • ROE 2.29 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 40.4% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.42% over past five years.
  • Company has a low return on equity of 1.59% over last 3 years.
  • Debtor days have increased from 75.3 to 105 days.
  • Working capital days have increased from 400 days to 654 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
58.93 19.54 18.63 48.40 57.95 19.33 14.51 48.99 47.40 46.19 50.93
41.91 18.05 12.35 32.36 56.42 17.20 9.47 34.87 34.28 37.09 39.67
Operating Profit 17.02 1.49 6.28 16.04 1.53 2.13 5.04 14.12 13.12 9.10 11.26
OPM % 28.88% 7.63% 33.71% 33.14% 2.64% 11.02% 34.73% 28.82% 27.68% 19.70% 22.11%
-7.00 0.00 0.01 0.19 3.08 0.00 0.01 0.08 0.14 1.20 0.51
Interest 6.39 2.51 4.59 8.14 1.29 3.23 3.63 5.14 7.10 6.92 7.48
Depreciation 2.26 1.50 3.00 2.25 2.13 2.22 2.22 2.22 2.22 2.22 2.22
Profit before tax 1.37 -2.52 -1.30 5.84 1.19 -3.32 -0.80 6.84 3.94 1.16 2.07
Tax % 19.71% 0.00% 0.00% 0.00% 28.57% 0.00% 3.75% 7.16% 24.87% 29.31% 26.57%
Net Profit 1.10 -2.51 -1.30 5.84 0.85 -3.32 -0.76 6.35 2.95 0.82 1.52
EPS in Rs 0.12 -0.27 -0.14 0.62 0.09 -0.35 -0.08 0.67 0.31 0.09 0.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
173 64 114 203 147 124 194
150 66 82 170 119 90 146
Operating Profit 23 -2 31 33 28 34 48
OPM % 13% -4% 27% 16% 19% 28% 25%
0 18 0 0 0 0 2
Interest 14 14 18 22 17 19 27
Depreciation 9 9 9 9 9 9 9
Profit before tax 1 -7 5 3 3 7 14
Tax % 309% -25% 31% 21% 22% 15%
Net Profit -2 -9 3 2 2 6 12
EPS in Rs -0.22 -1.14 0.34 0.22 0.27 0.60 1.23
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -6%
3 Years: 3%
TTM: 38%
Compounded Profit Growth
10 Years: %
5 Years: 40%
3 Years: 22%
TTM: 346%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 2%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
45 45 56 56 56 56 94
Reserves 53 44 36 187 190 196 208
105 122 149 116 132 259 212
63 80 87 95 61 83 42
Total Liabilities 265 291 328 454 439 594 557
145 136 128 280 271 346 379
CWIP 12 5 5 0 0 0 0
Investments 0 0 1 2 2 4 4
109 149 194 173 165 244 174
Total Assets 265 291 328 454 439 594 557

Cash Flows

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
68 6 -30 59 6 -68
-9 6 -2 -2 -1 -85
-61 -9 27 -52 6 144
Net Cash Flow -2 2 -5 6 10 -9

Ratios

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 43 60 63 43 79 105
Inventory Days 456 359 632 116 157 629
Days Payable 25 11 34 7 0 22
Cash Conversion Cycle 474 407 662 151 235 711
Working Capital Days 99 715 545 225 320 654
ROCE % 3% 10% 8% 5% 6%

Shareholding Pattern

Numbers in percentages

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
74.07 74.07 74.07 74.07 74.07 74.07 74.46 74.46
25.93 25.93 25.93 25.93 25.93 25.93 25.55 25.56

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