Davangere Sugar Company Ltd
₹ 94.0
0.03%
26 Apr
4:01 p.m.
About
Incorporated in 1970, Davangere Sugar is in the business of Sugar Manufacturing (By-product Molasses) from Sugarcane and Co-generation of Electricity Power[1]
Key Points
- Market Cap ₹ 884 Cr.
- Current Price ₹ 94.0
- High / Low ₹ 120 / 49.2
- Stock P/E 54.4
- Book Value ₹ 33.4
- Dividend Yield 0.00 %
- ROCE 8.41 %
- ROE 4.72 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 28.8% CAGR over last 5 years
- Debtor days have improved from 70.9 to 27.8 days.
Cons
- Stock is trading at 2.80 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -3.65%
- Company has a low return on equity of 2.77% over last 3 years.
* 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
173 | 64 | 114 | 203 | 145 | 124 | 280 | 241 | |
150 | 66 | 82 | 170 | 135 | 90 | 224 | 188 | |
Operating Profit | 23 | -2 | 31 | 33 | 10 | 34 | 56 | 53 |
OPM % | 13% | -4% | 27% | 16% | 7% | 28% | 20% | 22% |
0 | 18 | 0 | 0 | 3 | 0 | 1 | 3 | |
Interest | 14 | 14 | 18 | 22 | 1 | 19 | 27 | 24 |
Depreciation | 9 | 9 | 9 | 9 | 9 | 9 | 12 | 11 |
Profit before tax | 1 | -7 | 5 | 3 | 3 | 7 | 18 | 21 |
Tax % | 309% | -25% | 31% | 21% | 22% | 15% | 25% | |
-2 | -9 | 3 | 2 | 2 | 6 | 13 | 16 | |
EPS in Rs | -0.22 | -1.14 | 0.34 | 0.22 | 0.27 | 0.60 | 1.41 | 1.73 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 34% |
3 Years: | 11% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 80% |
TTM: | 114% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 90% |
1 Year: | 37% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 45 | 45 | 56 | 56 | 56 | 56 | 94 | 94 |
Reserves | 53 | 44 | 36 | 187 | 190 | 196 | 218 | 220 |
105 | 122 | 149 | 116 | 132 | 259 | 245 | 246 | |
63 | 80 | 87 | 95 | 61 | 63 | 40 | 40 | |
Total Liabilities | 265 | 291 | 328 | 454 | 439 | 574 | 597 | 600 |
145 | 136 | 128 | 280 | 271 | 346 | 350 | 345 | |
CWIP | 12 | 5 | 5 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 1 | 2 | 2 | 4 | 4 | 4 |
109 | 149 | 194 | 173 | 165 | 224 | 243 | 250 | |
Total Assets | 265 | 291 | 328 | 454 | 439 | 574 | 597 | 600 |
Cash Flows
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
68 | 6 | -30 | 59 | 6 | -68 | 81 | |
-9 | 6 | -2 | -2 | -1 | -85 | -20 | |
-61 | -9 | 27 | -52 | 6 | 144 | -65 | |
Net Cash Flow | -2 | 2 | -5 | 6 | 10 | -9 | -5 |
Ratios
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 43 | 60 | 63 | 43 | 80 | 105 | 28 |
Inventory Days | 456 | 359 | 632 | 116 | 157 | 656 | 197 |
Days Payable | 25 | 11 | 34 | 7 | 0 | 23 | 33 |
Cash Conversion Cycle | 474 | 407 | 662 | 151 | 236 | 738 | 192 |
Working Capital Days | 99 | 715 | 545 | 225 | 351 | 595 | 276 |
ROCE % | 3% | 10% | 8% | 1% | 6% | 8% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Copy of newspaper publication of Notice of Extra-Ordinary General Meeting of the Company scheduled to be held on 15th May, 2024.
- Announcement Under Regulation 30 (LODR) - Notice Of Extra-Ordinary General Meeting Of Members. 2d
-
Announcement Under Regulation 30 Of LODR- Appointment Of Director
19 Apr - Appointment of Swathi Shamanur as additional Director of Company .
- Announcement Under Regulation 30 Of LODR -Alteration Of Main Object Of Memorandum Of Association. 19 Apr
- Announcment Under Regulation 30 (LODR) 19 Apr
Ethnol Plant:[1]
Company commenced commercial operations of molasses based ethanol plant in Q1FY23. This new distillery unit was setup with a total cost of 99.31 cr. which will reduce dependence over sugar segment