Davangere Sugar Company Ltd

Davangere Sugar Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Davangere Sugar Company Ltd

₹ 4.39 -2.44%
13 Feb - close price
davangeresugar.com BSE: 543267 NSE: DAVANGERE
About

Incorporated in 1970, Davangere Sugar Company is in the business of Sugar Manufacturing (By-product Molasses) from Sugarcane and Co-generation of Electricity Power[1]

Key Points

Business Overview:[1]
DSCL started as a Joint Sector Company by Karnataka Agro Industries Corporation Limited, Karnataka State Small Industries Development Corporation Limited, IDBI, ICICI, IFCI and local farmers. It is now a part of the Shamanur group. Company deals in the commercial production of Sugar, ethanol and power generation

Website BSE NSE
  • Market Cap ₹ 628 Cr.
  • Current Price ₹ 4.39
  • High / Low ₹ 10.2 / 3.03
  • Stock P/E 73.9
  • Book Value ₹ 3.52
  • Dividend Yield 0.00 %
  • ROCE 6.70 %
  • ROE 3.17 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 36.7% 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.
  • Company has a low return on equity of 3.83% over last 3 years.
  • Debtor days have increased from 35.9 to 48.7 days.
  • Promoter holding has decreased over last 3 years: -32.7%
  • Working capital days have increased from 127 days to 182 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

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
94.71 88.13 47.73 26.92 78.31 63.57 45.57 39.33 73.18 56.91 24.07 48.19 82.69
77.79 69.67 40.47 15.44 62.39 52.90 36.10 24.73 54.96 47.23 12.68 32.82 69.28
Operating Profit 16.92 18.46 7.26 11.48 15.92 10.67 9.47 14.60 18.22 9.68 11.39 15.37 13.41
OPM % 17.87% 20.95% 15.21% 42.64% 20.33% 16.78% 20.78% 37.12% 24.90% 17.01% 47.32% 31.89% 16.22%
0.25 -1.32 3.72 0.32 0.53 1.87 0.35 0.45 0.41 0.57 0.46 0.58 0.62
Interest 9.33 3.40 6.68 7.37 6.64 4.66 5.47 10.24 8.16 4.32 6.95 9.44 6.33
Depreciation 4.86 2.27 2.89 2.89 2.89 3.28 2.98 3.03 3.00 3.68 3.18 3.18 3.17
Profit before tax 2.98 11.47 1.41 1.54 6.92 4.60 1.37 1.78 7.47 2.25 1.72 3.33 4.53
Tax % 22.82% 25.28% 21.28% 37.01% 18.79% 0.87% 30.66% 28.09% 9.37% 13.33% 24.42% 21.02% 41.94%
2.30 8.57 1.10 0.97 5.61 4.55 0.94 1.29 6.77 1.94 1.30 2.63 2.62
EPS in Rs 0.02 0.06 0.01 0.01 0.04 0.03 0.01 0.01 0.05 0.01 0.01 0.02 0.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
173 64 114 203 147 124 280 217 215 212
150 66 82 170 119 90 224 171 163 162
Operating Profit 23 -2 31 33 28 34 56 45 52 50
OPM % 13% -4% 27% 16% 19% 28% 20% 21% 24% 24%
0 18 0 0 0 0 1 6 2 2
Interest 14 14 18 22 17 19 27 25 28 27
Depreciation 9 9 9 9 9 9 12 12 13 13
Profit before tax 1 -7 5 3 3 7 18 14 13 12
Tax % 309% 25% 31% 21% 22% 15% 25% 15% 15%
-2 -9 3 2 2 6 13 12 11 8
EPS in Rs -0.01 -0.07 0.02 0.01 0.02 0.04 0.09 0.09 0.08 0.06
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 1%
3 Years: 20%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: 37%
3 Years: 24%
TTM: -37%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -32%
1 Year: -55%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 4%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 45 45 56 56 56 56 94 94 94 143
Reserves 53 44 36 187 190 196 218 246 256 360
105 122 149 116 132 259 245 264 271 200
63 80 87 95 61 63 40 78 122 70
Total Liabilities 265 291 328 454 439 574 597 682 743 773
145 136 128 280 271 346 350 359 349 343
CWIP 12 5 5 0 0 0 0 0 0 0
Investments 0 0 1 2 2 4 4 5 5 5
109 149 194 173 165 224 243 318 389 425
Total Assets 265 291 328 454 439 574 597 682 743 773

Cash Flows

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
68 6 -30 59 6 -68 81 2 -5
-9 6 -2 -2 -1 -85 -20 -23 -3
-61 -9 27 -52 6 144 -65 19 8
Net Cash Flow -2 2 -5 6 10 -9 -5 -1 -0

Ratios

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 43 60 63 43 79 105 28 31 49
Inventory Days 456 359 632 116 157 656 197 320 409
Days Payable 25 11 34 7 0 23 33 57 80
Cash Conversion Cycle 474 407 662 151 235 738 192 293 378
Working Capital Days 99 196 115 33 143 161 81 118 182
ROCE % 3% 10% 8% 5% 6% 8% 7% 7%

Shareholding Pattern

Numbers in percentages

57 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
74.46% 74.46% 74.46% 74.36% 70.70% 60.89% 54.26% 54.26% 52.32% 47.87% 41.64% 41.78%
0.00% 0.00% 0.00% 0.00% 0.04% 0.02% 0.00% 0.00% 0.00% 0.01% 0.00% 6.99%
25.55% 25.54% 25.54% 25.65% 29.26% 39.10% 45.74% 45.74% 47.69% 52.11% 58.36% 51.22%
No. of Shareholders 9,7329,90110,32610,40712,89748,9591,46,8061,55,1431,61,5921,63,6601,77,1541,77,805

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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  • Aug 2025
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