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Davangere Sugar Company Ltd (DAVANGERE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543267 NSE: DAVANGERE Sugar | Small Cap | Davangere Sugar Co Share Price

₹3.61 -0.04 (-1.10%)

As on 05-Jun'26 16:59

Davangere Sugar Company Ltd (DAVANGERE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543267 NSE: DAVANGERE Sugar | Small Cap | Davangere Sugar Co Share Price

₹3.61 -0.04 (-1.10%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹522 Cr.
Current Price
₹3.6
52-Week Low / High
₹3 / 5
TTM EPS
₹0.1
TTM Sales
₹239 Cr.
Book Value per Share
₹3.5
P/E Ratio
61.36
Higher than its 5-year historical median
Industry PE
24.5
Price to Book (P/B)
1.04
Lower than its 5-year historical median
Price to Sales (P/S)
2.19
Lower than its 5-year historical median
EV/EBITDA
15.03
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
5.75%
Underperforms industry median
Return on Capital Employed (ROCE)
8.97%
In line with industry median
Return on Assets (ROA)
1.54%
Operating Profit Margin
24.2%
Net Profit Margin
5.09%
Gross Profit Margin
11.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-0.71%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.67%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-10.62%
Asset Quality
Promoter Holding
41.78%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹360 Cr.
Equity
₹143 Cr.
Face Value
₹1
All Time Low / High
₹1.21 / 11.62

Davangere Sugar Company stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is Davangere Sugar Company Ltd a good quality company?
Davangere Sugar Company Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Davangere Sugar Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Davangere Sugar Company Ltd vs industry peers?
Davangere Sugar Company Ltd revenue CAGR is 1.17%, compared to the industry median CAGR of 2.83%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Davangere Sugar Company Ltd?
Promoters hold 41.78% of the Davangere Sugar Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Davangere Sugar Company Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 27.15% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Davangere Sugar Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.6%6.1%3.4%10.1%8.1%5.4%5.8%9.8%9.4%9%-
Value Creation
Index
-0.1-0.6-0.8-0.3-0.4-0.6-0.6-0.3-0.3-0.4-

Growth Parameters

Sales 18417363.7114203147124280217215239
Sales YoY Gr.--5.8%-63.2%78.5%78.6%-27.3%-15.8%125.3%-22.7%-0.7%-
Adj EPS 0.2-0-0.20.1000.10.10.10.10.1
YoY Gr.--115%NANA-40%33.3%125%44.4%0%-15.4%-
BVPS (₹) 1.91.91.71.43.83.83.91.61.923.5
Adj Net
Profit
10.4-1.7-8.53.12.22.45.713.112.210.99
Cash Flow from Ops. -14.968.56.1-30.559.45.5-68.180.72.5-4.6-
Debt/CF from Ops. -11.21.519.6-4.9224-3.83106.7-59.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 1.8%1.2%20.1%-0.7%
Adj EPS -6.4%29.7%6.9%-15.4%
BVPS0.6%-11.8%-19.8%5.2%
Share Price - 22.1% -15.3% 1.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
11-1.7-9.23.51.312.34.63.83.22.2
Op. Profit
Mgn %
20.713.4-3.827.416.319.227.719.920.924.220.4
Net Profit
Mgn %
5.7-1-13.42.81.11.64.64.75.75.13.6
Debt to
Equity
1.71.11.31.60.50.511.61.41.40.1
Working Cap
Days
315287706540323389535297467594317
Cash Conv.
Cycle
222163428304160175327155172216173

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales18417364114203147124280217215
Operating Expenses + 146150668217011990224171163
Manufacturing Costs1555108810131321
Material Costs11613452611489967192139119
Employee Cost 8767887988
Other Costs 7435645111115
Operating Profit 3823-331332834564552
Operating Profit Margin (%) 20.5%13.4%-4.0%27.4%16.2%19.2%27.7%19.9%20.9%24.2%
Other Income + 10180000162
Exceptional Items 0000000000
Interest 18141418221719272528
Depreciation 8999999121213
Profit Before Tax 131-75337181413
Tax 3221111422
Profit After Tax 10-2-93226131211
PAT Margin (%) 5.6%-1.0%-13.5%2.8%1.0%1.7%4.6%4.7%5.7%5.1%
Adjusted EPS (₹)0.2-0.0-0.20.10.00.00.10.10.10.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Davangere Sugar Co - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 99988992243245251312340350
Share Capital 45454556565656949494
Reserves 54534436187190196218246256
Debt +14991104141111122241221234244
Long Term Debt4331147451112956847
Short Term Debt106609013410771130126165196
Minority Interest0000000000
Trade Payables26325304152228
Others Liabilities 717296909871774886121
Total Liabilities 346264291328454439574597682743

Fixed Assets

Net Fixed Assets +159145136128280271262329338329
Gross Block290285286285446446446524545548
Accumulated Depreciation131140149157166175184195207219
CWIP 012550084212121
Investments 0001224455
Inventories1365964101474211692122145
Trade Receivables23211020243236211829
Cash Equivalents 54617178333
Others Assets 23256972957464127174212
Total Assets 346264291328454439574597682743

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -15686-30596-68812-5
PBT 131-93337181413
Adjustment 5999999121213
Changes in Working Capital -33586-4348-7-8451-24-30
Tax Paid 0000000000
Cash Flow From Investing Activity + -10-96-2-2-1-85-20-23-3
Capex -4-90-0-1-0-84-20-22-3
Net Investments 000-1-0-1-20-1-0
Others -606000-0000
Cash Flow From Financing Activity + 13-61-927-526144-64198
Net Proceeds from Shares 00000001000
Net Proceeds from Borrowing 23-13-17-7-347610-26-21
Interest Paid 0000000000
Dividend Paid 0000000000
Others -10-48734-49-4184-734629
Net Cash Flow -12-22-5610-9-3-1-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)10.84-1.67-9.233.561.241.022.296.477.155.75
ROCE (%)12.576.143.3810.18.115.365.89.829.358.97
Asset Turnover Ratio0.570.60.230.370.520.330.250.480.340.3
PAT to CFO Conversion(x)-1.5N/AN/A-1029.53-11.336.230.17-0.45
Working Capital Days
Receivable Days43.3043.3088.3048.403968.509937.1033.5040
Inventory Days222.80195.60350.60265133.30110.80232.90135.40179.90226.20
Payable Days75.8039.9018.7022.5010.305.7011.2018.5048.9076.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Davangere Sugar Company Ltd FAQs

The current trading price of Davangere Sugar Co on 05-Jun-2026 16:59 is ₹3.61.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Davangere Sugar Co stood at ₹522.0 Cr

The latest P/E ratio of Davangere Sugar Co as of 04-Jun-2026 is 61.36.

The latest P/B ratio of Davangere Sugar Co as of 04-Jun-2026 is 1.04.

The 52-week high of Davangere Sugar Co is ₹5.48 and the 52-week low is ₹2.72.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Davangere Sugar Co is ₹239 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Davangere Sugar Company Ltd is a below average quality company.

The key valuation ratios of Davangere Sugar Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Davangere Sugar Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Davangere Sugar Company Ltd

Davangere Sugar Company Limited (DSCL) was incorporated during 1970 in joint sector by Karnataka Agro Industries Corporation Limited, Karnataka State Small Industries Development Corporation Limited, IDBI, ICICI, IFCI and local farmers. DSCL commenced commercial production of Sugar in the year 1974.

The factory is located on a land area of 152 acres at Kukkuvada village, 15kms away from Davangere city, Karnataka state. The factory is surrounded by fully irrigated sugarcane growing belt of 30000 acres. The Sugarcane areas are located within a radius of 35kms surrounding the Factory.

Business area of the company

The company is exporter, supplier and manufacturer of sugar. The company also engaged in the business of Sugar, Power.

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