Davangere Sugar Company Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Distillery: 55.4% • Sugar: 41.0% • Power: 2.9%
AI Sector View
AI GENERATEDFast Moving Consumer Goods
Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.
PROS
- Company has delivered good profit growth of 27.8% CAGR over last 5 years
CONS
- Operating cash flow has been negative in recent years
- Recent results are weak - TTM profit is down 28.1% versus prior year
- Promoter holding has decreased over last 2 years: -19.3pp
- Company has a low return on equity of 5.3% over last 3 years
- Company has a low return on capital employed of 8.5%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.55x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BALRAMCHIN | 707.05 | 40.32 | 14961.00 | 0.49 | 44.15 | -14.40 | 1636.79 | 6.13 | 9.29 | 7.36 |
| EIDPARRY | 734.15 | 28.10 | 13064.62 | 0.00 | 311.50 | -32.93 | 9017.52 | 3.37 | 23.60 | 8.33 |
| TRIVENI | 263.95 | 20.69 | 5816.48 | 1.04 | 3.65 | 73.81 | 1950.14 | -0.22 | 8.92 | 2.94 |
| RENUKA | 24.82 | 0.00 | 5282.91 | 0.00 | -251.50 | 4.59 | 2120.20 | 5.61 | -3.84 | -3.60 |
| BAJAJHIND | 21.42 | 44.25 | 5120.81 | 0.00 | -1847.00 | -961.49 | 11259.70 | 801.92 | 2.86 | -10.64 |
| BANARISUG | 3570.20 | 36.77 | 4476.92 | 0.35 | -10.92 | -171.57 | 172.45 | -58.81 | 9.33 | -3.00 |
| DALMIASUG | 433.45 | 14.82 | 3508.31 | 1.38 | 6.91 | — | 848.19 | -16.48 | 8.38 | 5.10 |
| AVADHSUGAR | 794.15 | 24.10 | 1589.76 | 1.26 | 0.23 | 102.78 | 779.25 | 8.74 | 6.50 | 4.68 |
| GODAVARIB | 234.70 | 5338.22 | 1201.10 | 0.00 | -19.32 | -20.62 | 557.88 | 4.62 | 5.79 | 0.09 |
| UTTAMSUGAR | 282.75 | 12.40 | 1078.36 | 0.88 | 1.30 | -91.05 | 606.37 | -3.56 | 11.62 | 4.32 |
| DHAMPURSUG | 166.45 | 15.23 | 1070.38 | 1.20 | 60.90 | 6592.31 | 7861.70 | 961.42 | 6.63 | 3.98 |
| DAVANGERE | 1.91 | 39.79 | 323.92 | 0.00 | 9.38 | 619.33 | 347.16 | 1342.29 | 7.13 | 32.14 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48 | 27 | 78 | 64 | 46 | 39 | 73 | 57 | 24 | 48 | 83 | 84 | 347 | |
| 40 | 15 | 62 | 53 | 36 | 25 | 55 | 47 | 13 | 33 | 69 | 75 | 339 | |
| Operating Profit | 7 | 11 | 16 | 11 | 9 | 15 | 18 | 10 | 11 | 15 | 13 | 8 | 8 |
| OPM % | 15.21% | 42.68% | 20.33% | 16.77% | 20.78% | 37.15% | 24.90% | 17.01% | 47.32% | 31.89% | 16.22% | 10.07% | 2.29% |
| 4 | 0 | 1 | 2 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 5 | |
| Interest | 7 | 7 | 7 | 5 | 5 | 10 | 8 | 4 | 7 | 9 | 6 | 5 | 72 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 32 |
| Profit before Tax | 1 | 2 | 7 | 5 | 1 | 2 | 7 | 2 | 2 | 3 | 5 | 1 | 13 |
| Tax % | 21.43% | 37.01% | 18.81% | 1.09% | 30.88% | 27.93% | 9.25% | 13.78% | 24.28% | 21.02% | 42.04% | -38.30% | 26.70% |
| Net Profit | 1 | 1 | 6 | 5 | 1 | 1 | 7 | 2 | 1 | 3 | 3 | 2 | 9 |
| 0.12 | 0.10 | 0.60 | 0.48 | 0.10 | 0.14 | 0.07 | 0.02 | 0.14 | 0.18 | 0.01 | 0.01 | 0.01 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 173 | 64 | 114 | 203 | 147 | 124 | 280 | 217 | 215 | 239 | 249 | |
| 150 | 66 | 82 | 170 | 119 | 90 | 224 | 171 | 163 | 190 | 211 | |
| Operating Profit | 23 | -3 | 31 | 33 | 28 | 34 | 56 | 45 | 52 | 48 | 38 |
| OPM % | 13.36% | -3.99% | 27.42% | 16.22% | 19.17% | 27.69% | 19.91% | 20.93% | 24.18% | 20.25% | 15.24% |
| 0 | 18 | 0 | 0 | 0 | 0 | 1 | 6 | 2 | 2 | 2 | |
| Interest | 14 | 14 | 18 | 22 | 17 | 19 | 27 | 25 | 28 | 27 | 27 |
| Depreciation | 9 | 9 | 9 | 9 | 9 | 9 | 12 | 12 | 13 | 13 | 13 |
| Profit before Tax | 1 | -7 | 5 | 3 | 3 | 7 | 18 | 14 | 13 | 11 | 11 |
| Tax % | 311.12% | -25.13% | 31.42% | 20.82% | 22.31% | 14.79% | 25.23% | 15.29% | 14.95% | 22.59% | 22.79% |
| Net Profit | -2 | -9 | 3 | 2 | 2 | 6 | 13 | 12 | 11 | 9 | 8 |
| EPS | 0.00 | 0.00 | 0.00 | 0.37 | 0.45 | 0.91 | 1.48 | 1.30 | 0.12 | 0.06 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 3%
- 5 Years:
- 10%
- 3 Years:
- -5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -2%
- 5 Years:
- 28%
- 3 Years:
- -14%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -47%
RETURN ON EQUITY
- 10 Years:
- 2%
- 5 Years:
- 5%
- 3 Years:
- 5%
- Last Year:
- 3%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 |
| 53 | 44 | 36 | 187 | 190 | 196 | 218 | 246 | 256 | 362 | |
| 96 | 183 | 216 | 194 | 178 | 295 | 235 | 280 | 329 | 286 | |
| Trade Payables | 3 | 2 | 5 | 3 | 0 | 4 | 15 | 22 | 28 | 16 |
| 67 | 17 | 15 | 14 | 16 | 24 | 34 | 39 | 35 | 33 | |
| Total Liabilities | 264 | 291 | 328 | 454 | 439 | 574 | 597 | 682 | 743 | 839 |
| 145 | 136 | 128 | 280 | 271 | 262 | 329 | 338 | 329 | 316 | |
| Capital Work in Progress | 12 | 5 | 5 | 0 | 0 | 84 | 21 | 21 | 21 | 21 |
| 0 | 0 | 1 | 2 | 2 | 4 | 4 | 5 | 5 | 5 | |
| 59 | 64 | 101 | 47 | 42 | 116 | 92 | 122 | 145 | 210 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 | 29 | 35 | |
| Cash & Bank | 4 | 6 | 1 | 7 | 17 | 8 | 3 | 3 | 3 | 7 |
| 45 | 79 | 92 | 119 | 106 | 100 | 148 | 174 | 212 | 245 | |
| Total Assets | 264 | 291 | 328 | 454 | 439 | 574 | 597 | 682 | 743 | 839 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
| Cash from Investing | -9 | 6 | -2 | -2 | -1 | -85 | -20 | -23 | -3 | -1 |
| Cash from Financing | -61 | -9 | 27 | -52 | 6 | 144 | -64 | 19 | 8 | 51 |
| -2 | 2 | -5 | 6 | 10 | -9 | -3 | -1 | -0 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - Intimation regarding Publication of Corrigendum to the Notice of Annual General Meeting dated August 14, 2026.
2026-09-07 - Davangere Sugar Company Limited has informed the Exchange regarding Corrigendum to Notice of Annual General Meeting to be held on September 12, 2026
2026-08-25 - Davangere Sugar Company Limited has informed the Exchange regarding Outcome of Board Meeting held on August 25, 2026.
2026-08-21 - Intimation for Newspaper Publication of Notice of the Annual General Meeting ("AGM") of the Company scheduled to be held on September 12, 2026 at 11:00 A.M. (IST).
2026-08-20 - Davangere Sugar Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 12, 2026
2026-08-15 - Davangere Sugar Company Limited has informed the Exchange about newspaper publications of the Un-Audited Financial Results for the quarter ended on June 30, 2026
2026-08-14 - Outcome of Board Meeting dated 14th August,2026.
2026-08-05 - Davangere Sugar Company Limited has informed the Exchange regarding Change in Auditors of the company.
2026-08-05 - Re-appointment of M/s. D G M S & Co., Chartered Accountants (Firm Registration No. 0112187W), as Statutory Auditor of the Company for a period of five consecutive years commencing from the conclusion of the 55th Annual General Meeting ( AGM ) of the Company till the conclusion of 60th AGM of the Company, subject to approval of the shareholders of the Company at the ensuing AGM.
News
Recent coverage and analyst commentary for DAVANGERE
Loading news…
AI Stock Analyst
Davangere Sugar Company Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account