Davangere Sugar Company Ltd

₹ 3.62 -0.28%

19 Jun 9:59 a.m.

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 ₹ 518 Cr.
Current Price ₹ 3.62
High / Low ₹ 7.12 / 3.03
Stock P/E 60.8
Book Value ₹ 3.53
Dividend Yield 0.00 %
ROCE 5.56 %
ROE 1.99 %
Face Value ₹ 1.00

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Pros

Stock is trading at 1.03 times its book value

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 10.6% over past five years.
Company has a low return on equity of 2.88% over last 3 years.
Debtor days have increased from 44.4 to 53.5 days.
Promoter holding has decreased over last 3 years: -32.7%
Working capital days have increased from 216 days to 348 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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	88.13	47.73	26.92	78.31	63.57	45.57	39.33	73.18	56.91	24.07	48.19	82.69	83.82
	69.67	40.47	15.44	62.39	52.90	36.10	24.73	54.96	47.23	12.68	32.82	69.28	75.38
Operating Profit	18.46	7.26	11.48	15.92	10.67	9.47	14.60	18.22	9.68	11.39	15.37	13.41	8.44
OPM %	20.95%	15.21%	42.64%	20.33%	16.78%	20.78%	37.12%	24.90%	17.01%	47.32%	31.89%	16.22%	10.07%
	-1.32	3.72	0.32	0.53	1.87	0.35	0.45	0.41	0.57	0.46	0.58	0.62	0.67
Interest	3.40	6.68	7.37	6.64	4.66	5.47	10.24	8.16	4.32	6.95	9.44	6.33	4.53
Depreciation	2.27	2.89	2.89	2.89	3.28	2.98	3.03	3.00	3.68	3.18	3.18	3.17	3.18
Profit before tax	11.47	1.41	1.54	6.92	4.60	1.37	1.78	7.47	2.25	1.72	3.33	4.53	1.40
Tax %	25.28%	21.28%	37.01%	18.79%	0.87%	30.66%	28.09%	9.37%	13.33%	24.42%	21.02%	41.94%	-38.57%
	8.57	1.10	0.97	5.61	4.55	0.94	1.29	6.77	1.94	1.30	2.63	2.62	1.95
EPS in Rs	0.06	0.01	0.01	0.04	0.03	0.01	0.01	0.05	0.01	0.01	0.02	0.02	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	Mar 2025	Mar 2026
	173	64	114	203	145	124	280	217	215	239
	150	66	82	170	135	90	224	171	163	190
Operating Profit	23	-2	31	33	10	34	56	45	52	49
OPM %	13%	-4%	27%	16%	7%	28%	20%	21%	24%	20%
	0	18	0	0	3	0	1	6	2	2
Interest	14	14	18	22	1	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	11
Tax %	309%	25%	31%	21%	22%	15%	25%	15%	15%	23%
	-2	-9	3	2	2	6	13	12	11	9
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%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	11%
3 Years:	-5%
TTM:	11%

Compounded Profit Growth
10 Years:	%
5 Years:	28%
3 Years:	-14%
TTM:	-22%

Stock Price CAGR
10 Years:	%
5 Years:	7%
3 Years:	-36%
1 Year:	-42%

Return on Equity
10 Years:	2%
5 Years:	3%
3 Years:	3%
Last Year:	2%

Balance Sheet

Figures in Rs. Crores

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	45	45	56	56	56	56	94	94	94	143
Reserves	53	44	36	187	190	196	218	246	256	362
	105	122	149	116	132	259	245	264	271	250
	63	80	87	95	61	63	40	78	122	84
Total Liabilities	265	291	328	454	439	574	597	682	743	839
	145	136	128	280	271	346	350	359	349	337
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	497
Total Assets	265	291	328	454	439	574	597	682	743	839

Cash Flows

Figures in Rs. Crores

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	68	6	-30	59	6	-68	81	2	-5	-47
	-9	6	-2	-2	-1	-85	-20	-23	-3	-1
	-61	-9	27	-52	6	144	-65	19	8	51
Net Cash Flow	-2	2	-5	6	10	-9	-5	-1	-0	3
Free Cash Flow	59	6	-31	58	5	-152	61	-20	-8	-47
CFO/OP	296%	-255%	-98%	179%	56%	-198%	145%	5%	-9%	-97%

Ratios

Figures in Rs. Crores

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	43	60	63	43	80	105	28	31	49	54
Inventory Days	456	359	632	116	157	656	174	320	409	530
Days Payable	25	11	34	7	0	23	29	57	80	40
Cash Conversion Cycle	474	407	662	151	236	738	172	293	378	544
Working Capital Days	99	196	115	33	146	161	81	118	182	348
ROCE %		3%	10%	8%	1%	6%	8%	7%	7%	6%

Insights

In beta

Mar 2003

Mar 2012

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sugar Produced
Quintals

		xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
		x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
		xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx	xxx,xxx.xx
			xx,xxx,xxx.xx	xx,xxx,xxx.xx		xx,xxx,xxx.xx	xx,xxx,xxx.xx	xx,xxx,xxx.xx	xx,xxx,xxx.xx	xx,xxx,xxx.xx	xx,xxx,xxx.xx
						xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx
							x	x	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx
x,xxx	x,xxx										x,xxx
											x,xxx

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Sugar Recovery Rate
%

Sugarcane Crushed
Metric Tonnes (MT)

Power Exported
KWH

Power Generated
KWH

Ethanol Produced
Litres

Sugar Crushing Capacity
TCD

Farmer Network
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

24 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	74.46%	74.46%	74.36%	70.70%	60.89%	54.26%	54.26%	52.32%	47.87%	41.64%	41.78%	41.78%
	0.00%	0.00%	0.00%	0.04%	0.02%	0.00%	0.00%	0.00%	0.01%	0.00%	6.99%	6.99%
	25.54%	25.54%	25.65%	29.26%	39.10%	45.74%	45.74%	47.69%	52.11%	58.36%	51.22%	51.23%
No. of Shareholders	9,901	10,326	10,407	12,897	48,959	1,46,806	1,55,143	1,61,592	1,63,660	1,77,154	1,77,805	1,71,779

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74.07%	74.07%	74.46%	70.70%	52.32%	41.78%
	0.00%	0.00%	0.00%	0.04%	0.00%	6.99%
	25.93%	25.93%	25.55%	29.26%	47.69%	51.23%
No. of Shareholders	10,221	10,221	9,732	12,897	1,61,592	1,71,779

* 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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Davangere Sugar Company Ltd

Davangere Sugar Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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Announcements

Annual reports

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