Skip to main content
Swing Capital

Davangere Sugar Company Ltd

NSE: DAVANGERE BSE: 543267Energy

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]

₹4
52W: ₹3.03 — ₹7.8
PE 67.4 · Book ₹3.52 · +14% vs book
Market Cap₹572 Cr
Stock P/E67.4Price to Earnings
ROCE6.7%Return on Capital
ROE3.17%Return on Equity
Div. Yield0%Face Value ₹1

Strengths

  • +Company has reduced debt.
  • +Stock is trading at 1.15 times its book value
  • +Company has delivered good profit growth of 36.7% CAGR over last 5 years

Weaknesses

  • −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

Shareholding Pattern

Promoters41.78%
FIIs6.99%
DIIs0%
Public51.23%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters60.89%54.26%▼6.654.26%52.32%▼1.947.87%▼4.541.64%▼6.241.78%▲0.141.78%
FIIs0.02%0%▼0.00%0%0.01%▲0.00%▼0.06.99%▲7.06.99%
DIIs0%0%0%0%0%0%0%0%
Public39.1%45.74%▲6.645.74%47.69%▲1.952.11%▲4.458.36%▲6.351.22%▼7.151.23%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales26.9278.3163.5745.5739.3373.1856.9124.0748.1982.69
Expenses15.4462.3952.936.124.7354.9647.2312.6832.8269.28
Operating Profit11.4815.9210.679.4714.618.229.6811.3915.3713.41
OPM %42.64%20.33%16.78%20.78%37.12%24.9%17.01%47.32%31.89%16.22%
Net Profit0.975.614.550.941.296.771.941.32.632.62
EPS ₹0.010.040.030.010.010.050.010.010.020.02

AI Insights

Revenue Trend

TTM revenue at ₹212Cr, down 1.4% YoY. OPM at 24%.

Debt Position

Borrowings at ₹200Cr. Debt-to-equity ratio: 0.56x. Moderate leverage.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 6.99% (+6.99pp change). Promoters hold 41.78%.

Margin & Efficiency

ROCE improving from 0% (Mar 2017) to 7% (Mar 2025). Working capital days: 182.

Valuation

PE 67.4x with 6.7% ROCE. Price is 14% above book value of ₹3.52. Dividend yield: 0%.

Recent Announcements