Davangere Sugar Company
DAVANGERE NSE
Davangere Sugar Company
FMCGNSE: DAVANGERE BSE: 543267 Diversified FMCG
Key Fundamentals
MicrocapDiversified FMCGFMCGMarket Cap
₹295 Cr
Volatility
Low Risk
P/E Ratio
35
EBITDA
₹50.70 Cr
Return on Equity
1.69%
Debt to Equity
0.5
Book Value
₹2.63
EPS
₹0.13
52W High
₹5.5
52W Low
₹1.74
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.59 times its book value
- Company is expected to give good quarter
Weaknesses
8- 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: -6.68%
- The company has delivered a poor sales growth of 10.6% over past five years.
- Promoter holding is low: 35.1%
- 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.
- Working capital days have increased from 216 days to 348 days
Growth Rate
Revenue Growth
11.21% higher than
3Y
Net Income Growth
-22.02% lower than
3Y
Cash Flow Change
-931%
ROE
-46.01% lower than
3Y
ROCE
-24.88% higher than
3Y
EBITDA Margin (Avg.)
-15.24% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47.73 | 26.92 | 78.31 | 63.57 | 45.57 | 39.33 | 73.18 | 56.91 | 24.07 | 48.19 | 82.69 | 83.82 | 34.72 |
| Expenses | 40.47 | 15.44 | 62.39 | 52.9 | 36.1 | 24.73 | 54.96 | 47.23 | 12.68 | 32.82 | 69.28 | 75.38 | 23.56 |
| Operating Profit | 7.26 | 11.48 | 15.92 | 10.67 | 9.47 | 14.6 | 18.22 | 9.68 | 11.39 | 15.37 | 13.41 | 8.44 | 11.16 |
| OPM % | 15.21% | 42.64% | 20.33% | 16.78% | 20.78% | 37.12% | 24.9% | 17.01% | 47.32% | 31.89% | 16.22% | 10.07% | 32.14% |
| Other Income | 3.72 | 0.32 | 0.53 | 1.87 | 0.35 | 0.45 | 0.41 | 0.57 | 0.46 | 0.58 | 0.62 | 0.67 | 0.49 |
| Interest | 6.68 | 7.37 | 6.64 | 4.66 | 5.47 | 10.24 | 8.16 | 4.32 | 6.95 | 9.44 | 6.33 | 4.53 | 7.19 |
| Depreciation | 2.89 | 2.89 | 2.89 | 3.28 | 2.98 | 3.03 | 3 | 3.68 | 3.18 | 3.18 | 3.17 | 3.18 | 3.18 |
| PBT | 1.41 | 1.54 | 6.92 | 4.6 | 1.37 | 1.78 | 7.47 | 2.25 | 1.72 | 3.33 | 4.53 | 1.4 | 1.28 |
| Tax % | 21.28% | 37.01% | 18.79% | 0.87% | 30.66% | 28.09% | 9.37% | 13.33% | 24.42% | 21.02% | 41.94% | -38.57% | 27.34% |
| Net Profit | 1.1 | 0.97 | 5.61 | 4.55 | 0.94 | 1.29 | 6.77 | 1.94 | 1.3 | 2.63 | 2.62 | 1.95 | 0.94 |
| EPS in Rs | 0.01 | 0.01 | 0.04 | 0.03 | 0.01 | 0.01 | 0.05 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 |
Profit & Loss
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 173 | 64 | 114 | 203 | 145 | 124 | 280 | 217 | 215 | 239 | 249 |
| Expenses | 150 | 66 | 82 | 170 | 135 | 90 | 224 | 171 | 163 | 190 | 201 |
| Operating Profit | 23 | -2 | 31 | 33 | 10 | 34 | 56 | 45 | 52 | 48 | 48 |
| OPM % | 13% | -3.7% | 27% | 16% | 7% | 28% | 20% | 21% | 24% | 20% | 19% |
| Other Income | 0 | 18 | 0 | 0 | 3 | 0 | 1 | 6 | 2 | 2 | 2 |
| Interest | 14 | 14 | 18 | 22 | 1 | 19 | 27 | 25 | 28 | 27 | 27 |
| Depreciation | 9 | 9 | 9 | 9 | 9 | 9 | 12 | 12 | 13 | 13 | 13 |
| PBT | 1 | -7 | 5 | 3 | 3 | 7 | 18 | 14 | 13 | 11 | 11 |
| Tax % | 309% | 25% | 31% | 21% | 22% | 15% | 25% | 15% | 15% | 23% | — |
| Net Profit | -2 | -9 | 3 | 2 | 2 | 6 | 13 | 12 | 11 | 9 | 8 |
| EPS in Rs | -0.01 | -0.07 | 0.02 | 0.01 | 0.02 | 0.04 | 0.09 | 0.09 | 0.08 | 0.06 | 0.06 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
| Borrowings | 105 | 122 | 149 | 116 | 132 | 259 | 245 | 264 | 271 | 250 |
| Other Liabilities | 63 | 80 | 87 | 95 | 61 | 63 | 40 | 78 | 122 | 84 |
| Total Liabilities | 265 | 291 | 328 | 454 | 439 | 574 | 597 | 682 | 743 | 839 |
| Fixed Assets | 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 |
| Other Assets | 109 | 149 | 194 | 173 | 165 | 224 | 243 | 318 | 389 | 497 |
| Total Assets | 265 | 291 | 328 | 454 | 439 | 574 | 597 | 682 | 743 | 839 |
Cash Flow
| Particulars | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 68 | 6 | -30 | 59 | 6 | -68 | 81 | 2 | -5 | -47 |
| Investing | -9 | 6 | -2 | -2 | -1 | -85 | -20 | -23 | -3 | -1 |
| Financing | -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
| Particulars | 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 | 477 |
| Days Payable | 25 | 11 | 34 | 7 | 0 | 23 | 29 | 57 | 80 | 36 |
| Cash Conversion Cycle | 474 | 407 | 662 | 151 | 236 | 738 | 172 | 293 | 378 | 495 |
| Working Capital Days | 99 | 196 | 115 | 33 | 146 | 161 | 81 | 118 | 182 | 348 |
| ROCE % | — | 3% | 10% | 8% | 1% | 6% | 8% | 7% | 7% | 6% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Davangere Sugar Company insights
57 extracted metrics + investor summaries across FY17–FY26.
Documents
1
Shareholder Meeting / Postal Ballot-Outcome of AGM
12 Sep - AGM held on September 12, 2026; discussed share capital increase, overseas investments, and 10.64 crore warrants. 12 Sep - AGM held on September 12, 2026; discussed share capital increase, overseas investments, and 10.64 crore warrants.
3
Shareholder Meeting / Postal Ballot-Outcome of EGM
24 Apr - EGM held April 24, 2026 to consider capital increase, borrowing limits, and fund raising options. 24 Apr - EGM held April 24, 2026 to consider capital increase, borrowing limits, and fund raising options.
4
Shareholder Meeting / Postal Ballot-Outcome of EGM
8h - EGM held April 24, 2026 to consider capital increase, borrowing limits, and fund raising options. 8h - EGM held April 24, 2026 to consider capital increase, borrowing limits, and fund raising options.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026. 15 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
Frequently Asked Questions about Davangere Sugar Company
What does Davangere Sugar Company Ltd do?
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]
Where is Davangere Sugar Company Ltd (DAVANGERE) listed?
Davangere Sugar Company Ltd trades as DAVANGERE on the NSE and under code 543267 on the BSE.
Which sector does Davangere Sugar Company Ltd belong to?
Davangere Sugar Company Ltd is classified under the FMCG sector, in the Diversified FMCG industry.
What is the market capitalisation of Davangere Sugar Company Ltd?
Davangere Sugar Company Ltd has a market capitalisation of ₹294.58 Cr, which places it in the Small Cap band.
What is the PE ratio of Davangere Sugar Company Ltd?
Davangere Sugar Company Ltd trades at a PE ratio of 35.00, on earnings per share of ₹0.13, against a book value of ₹2.63 per share.
What is the 52-week high and low of Davangere Sugar Company Ltd?
Over the last 52 weeks Davangere Sugar Company Ltd has traded between ₹1.74 and ₹5.5.
What is the Return on Equity (ROE) of Davangere Sugar Company Ltd?
Davangere Sugar Company Ltd reported a return on equity of 1.69%. Its debt-to-equity ratio is 0.50.
Company Information
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]
Website davangeresugar.com
CEO Mr. Shamanur Shivashankarappa Ganesh
Listed 2024-01-25
Face Value ₹ 1
Issued Size 1,42,99,90,798
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