Davangere Sugar Company Ltd

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

Davangere Sugar Company Ltd

₹ 5.93 0.17%
13 Dec - 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 ₹ 558 Cr.
  • Current Price ₹ 5.93
  • High / Low ₹ 11.5 / 5.01
  • Stock P/E 45.0
  • Book Value ₹ 3.64
  • Dividend Yield 0.00 %
  • ROCE 6.86 %
  • ROE 3.75 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 31.5% CAGR over last 5 years
  • Debtor days have improved from 54.5 to 31.1 days.

Cons

  • 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: -6.63%
  • Company has a low return on equity of 3.65% 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.

Peer comparison

Sector: Sugar Industry: Sugar

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
14.51 48.99 47.40 46.19 50.93 94.71 88.13 47.73 26.92 78.31 63.57 45.57 39.33
9.47 34.87 34.28 37.09 39.68 77.79 69.67 40.47 15.44 62.39 52.90 36.10 24.73
Operating Profit 5.04 14.12 13.12 9.10 11.25 16.92 18.46 7.26 11.48 15.92 10.67 9.47 14.60
OPM % 34.73% 28.82% 27.68% 19.70% 22.09% 17.87% 20.95% 15.21% 42.64% 20.33% 16.78% 20.78% 37.12%
0.01 0.08 0.14 1.20 0.51 0.25 -1.32 3.72 0.32 0.53 1.87 0.35 0.45
Interest 3.63 5.14 7.10 6.92 7.48 9.33 3.40 6.68 7.37 6.64 4.66 5.47 10.24
Depreciation 2.22 2.22 2.22 2.22 2.22 4.86 2.27 2.89 2.89 2.89 3.28 2.98 3.03
Profit before tax -0.80 6.84 3.94 1.16 2.06 2.98 11.47 1.41 1.54 6.92 4.60 1.37 1.78
Tax % -3.75% 7.16% 24.87% 29.31% 26.70% 22.82% 25.28% 21.28% 37.01% 18.79% 0.87% 30.66% 28.09%
-0.76 6.35 2.95 0.82 1.52 2.30 8.57 1.10 0.97 5.61 4.55 0.94 1.29
EPS in Rs -0.01 0.07 0.03 0.01 0.02 0.02 0.09 0.01 0.01 0.06 0.05 0.01 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
173 64 114 203 145 124 280 217 227
150 66 82 170 135 90 224 171 176
Operating Profit 23 -2 31 33 10 34 56 45 51
OPM % 13% -4% 27% 16% 7% 28% 20% 21% 22%
0 18 0 0 3 0 1 6 3
Interest 14 14 18 22 1 19 27 25 27
Depreciation 9 9 9 9 9 9 12 12 12
Profit before tax 1 -7 5 3 3 7 18 14 15
Tax % 309% 25% 31% 21% 22% 15% 25% 15%
-2 -9 3 2 2 6 13 12 12
EPS in Rs -0.02 -0.11 0.03 0.02 0.03 0.06 0.14 0.13 0.13
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 14%
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: 32%
3 Years: 70%
TTM: -4%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -34%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 4%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 45 45 56 56 56 56 94 94 94
Reserves 53 44 36 187 190 196 218 246 248
105 122 149 116 132 259 245 264 282
63 80 87 95 61 63 40 78 97
Total Liabilities 265 291 328 454 439 574 597 682 721
145 136 128 280 271 346 350 359 357
CWIP 12 5 5 0 0 0 0 0 0
Investments 0 0 1 2 2 4 4 5 5
109 149 194 173 165 224 243 318 360
Total Assets 265 291 328 454 439 574 597 682 721

Cash Flows

Figures in Rs. Crores

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

Ratios

Figures in Rs. Crores

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 43 60 63 43 80 105 28 31
Inventory Days 456 359 632 116 157 656 174 320
Days Payable 25 11 34 7 0 23 29 57
Cash Conversion Cycle 474 407 662 151 236 738 172 293
Working Capital Days 99 715 545 225 351 595 276 448
ROCE % 3% 10% 8% 1% 6% 8% 7%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.07% 74.07% 74.07% 74.46% 74.46% 74.46% 74.46% 74.46% 74.36% 70.70% 60.89% 54.26%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.02% 0.00%
25.93% 25.93% 25.93% 25.55% 25.56% 25.55% 25.54% 25.54% 25.65% 29.26% 39.10% 45.74%
No. of Shareholders 10,22110,2219,1699,4349,6139,7329,90110,32610,40712,89748,9591,46,806

* 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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