Davangere Sugar Company Ltd (DAVANGERE) share price, results

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore

	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	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	15.44	62.39	52.90	36.10	24.73	54.96	47.23	12.68	32.82	69.28	75.38	23.56
Operating Profit	11.48	15.92	10.67	9.47	14.60	18.22	9.68	11.39	15.37	13.41	8.44	11.16
OPM %	42.64%	20.33%	16.78%	20.78%	37.12%	24.90%	17.01%	47.32%	31.89%	16.22%	10.07%	32.14%
Other Income	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	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	3.28	2.98	3.03	3.00	3.68	3.18	3.18	3.17	3.18	3.18
Profit before tax	1.54	6.92	4.60	1.37	1.78	7.47	2.25	1.72	3.33	4.53	1.40	1.28
Tax %	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	0.97	5.61	4.55	0.94	1.29	6.77	1.94	1.30	2.63	2.62	1.95	0.94
EPS in Rs	0.01	0.04	0.03	0.01	0.01	0.05	0.01	0.01	0.02	0.02	0.01	0.01

	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
Profit before tax	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
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	%	11%	-5%	29%
Compounded Profit Growth	%	28%	-14%	-28%
Stock Price CAGR	%	11%	-36%		-38%
Return on Equity	2%	3%	3%			2%

	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

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	68	6	-30	59	6	-68	81	2	-5	-47
Cash from Investing Activity	-9	6	-2	-2	-1	-85	-20	-23	-3	-1
Cash from Financing Activity	-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%

	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%

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Aug 2026
Promoters	74.36%	70.70%	60.89%	54.26%	54.26%	52.32%	47.87%	41.64%	41.78%	41.78%	41.63%	35.10%
FIIs	0.00%	0.04%	0.02%	0.00%	0.00%	0.00%	0.01%	0.00%	6.99%	6.99%	0.00%	15.88%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%
Public	25.65%	29.26%	39.10%	45.74%	45.74%	47.69%	52.11%	58.36%	51.22%	51.23%	58.35%	49.02%
No. of Shareholders	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	1,75,836	1,76,276

Fundamentals

Market Cap₹ 395 Cr.

Current Price₹ 2.34

Stock P/E48.6

Book Value₹ 3.53

ROCE5.52 %

ROE1.99 %

Dividend Yield0.00 %

Face Value₹ 1.00

Compounded Sales Growth (TTM)29%

Compounded Profit Growth (TTM)-28%

Standalone figures.

Valuation

Market capRs 323 Cr

Enterprise valueRs 567 Cr

P/E (TTM)39.70x

Price to book0.64x

Price to sales1.30x

EV / EBITDA11.17x

EV / EBIT14.90x

EV / sales2.27x

Earnings yield2.52%

P/E, 3-year average33.33x

P/B, 3-year average0.75x

P/E, 5-year average21.07x

P/B, 5-year average0.49x

Profitability

Operating margin (excl. other income)20.25%

Operating margin (incl. other income)21.23%

EBITDA margin20.34%

Pre-tax margin4.23%

Net profit margin3.26%

Net margin, latest quarter2.71%

ROE1.99%

ROCE5.52%

ROA1.08%

ROE, 3-year average2.97%

ROCE, 3-year average6.36%

ROA, 3-year average1.51%

ROE, 5-year average3.18%

ROCE, 5-year average6.66%

ROA, 5-year average1.58%

ROIC (approx.)3.94%

Tax rate22.57%

Other income / net worth0.46%

Growth

Sales growth (latest year)11.06%

Profit growth (latest year)-22.21%

Sales CAGR, 3 years-5.16%

Sales CAGR, 5 years10.56%

Profit CAGR, 3 years-13.66%

Profit CAGR, 5 years27.76%

Sales growth QoQ-58.58%

Profit growth QoQ-51.79%

Sales growth YoY (latest quarter)44.25%

Profit growth YoY (latest quarter)-27.69%

Per share

EPS (TTM)Rs 0.06

EPS (latest year)Rs 0.06

EPS (latest quarter)Rs 0.01

EPS, 3-year averageRs 0.49

EPS, 5-year averageRs 0.78

Book value per shareRs 3.53

Sales per shareRs 1.74

Cash flow per shareRs -0.33

Free cash flow per shareRs -0.33

Efficiency

Asset turnover0.28x

Fixed asset turnover0.71x

Inventory turnover0.81x

Inventory days453 days

Debtor days54 days

Debtors turnover6.82x

Creditor days36 days

Cash conversion cycle495 days

Working capital days348 days

Leverage

Total debtRs 250 Cr

Cash and bankRs 7 Cr

Net debtRs 243 Cr

Debt to equity0.50x

Net debt / EBITDA4.80x

Interest coverage1.38x

Owners' fund to total sources60.14%

Debt to assets29.79%

Cash flow

Cash from Operating Activity (latest year)Rs -47 Cr

Cash from Investing Activity (latest year)Rs -1 Cr

Cash from Financing Activity (latest year)Rs 51 Cr

Net Cash Flow (latest year)Rs 3 Cr

Free cash flow (latest year)Rs -47 Cr

FCFE (approx.: FCF + change in debt)Rs -68 Cr

Cash from ops / profit, 5 years-0.73x

Statement figures

Net sales (TTM)Rs 249 Cr

Net sales (latest year)Rs 239 Cr

Sales (latest quarter)Rs 35 Cr

Operating profit excl. other income (latest year)Rs 48 Cr

Operating profit (latest quarter)Rs 11 Cr

Other income (TTM)Rs 2 Cr

EBITDA (TTM)Rs 51 Cr

PBDT (TTM)Rs 23 Cr

Profit before tax (TTM)Rs 11 Cr

Tax (latest year)Rs 2 Cr

Net profit (TTM)Rs 8 Cr

Net profit (latest year)Rs 9 Cr

Net profit (latest quarter)Rs 1 Cr

Depreciation (TTM)Rs 13 Cr

Depreciation (latest quarter)Rs 3 Cr

Interest (TTM)Rs 27 Cr

Cost of goods sold (latest year)Rs 170 Cr

Total expenditure (latest year)Rs 190 Cr

Total income (latest year)Rs 241 Cr

Share capitalRs 143 Cr

ReservesRs 362 Cr

Shareholders' fundsRs 505 Cr

Total assetsRs 839 Cr

Net blockRs 337 Cr

InvestmentsRs 5 Cr

ReceivablesRs 35 Cr

InventoryRs 210 Cr

Other liabilitiesRs 84 Cr

Shares outstanding (crore)143.00

Ownership

Promoter holding35.10% (-6.54 in a year)

Computed by MarketFriction from the standalone statements. Returns use average balances.

P/E 39.7 is at the 2th percentile of its own 4.8-year range (median 78.6, low 36.5, high 185.0).

P/B 0.64 is at the 2th percentile (median 2.21).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	DAVANGERE	Nifty 50	Difference
1 week	+3.2%	-2.8%	+6.0 pts
1 month	+8.7%	-6.8%	+15.4 pts
3 months	-36.9%	-7.6%	-29.3 pts
6 months	-39.2%	+0.4%	-39.7 pts
1 year	-41.0%	-9.9%	-31.1 pts
2 years	-68.5%	-13.6%	-54.9 pts
3 years	-75.1%	+14.2%	-89.3 pts
5 years	+61.4%	+27.9%	+33.5 pts

Red flags

F-score 3 of 8

explain	Weak cash conversion Cash from operations was -155% of net profit over the last 3 years
explain	Low interest cover Interest cover 1.4x in 2026
look	Inventory outrunning sales Inventory grew 46% vs sales +11% in 2026
look	Auditor change Auditor change 2026-08-05: Davangere Sugar Company Limited has informed the Exchange regarding Change in Auditors of the company.

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026

Sales ₹35 Cr +44.2% vs Jun 2025. Net profit ₹1 Cr -27.7%.

Against our estimate for Jun 2026: sales +10.8%, profit -30.0% in line. Our estimate for Sep 2026: sales Rs 70 Cr, profit Rs 2 Cr (how).

Activity

Compare

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Hindustan Unilever Ltd	437,917	39.7	28.4 %
ITC Ltd	332,184	16.8	38.9 %
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Godavari Biorefineries Ltd	1,211	41.7	6.55 %

No bulk or block deals on record.

Ex-date	Action	Factor
2025-08-06	Rights 13:25 @ Premium Rs 2.05/-
2024-09-23	Annual General Meeting
2024-05-31	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share	0.1000

Date	Type	What it says
2026-09-15	Shareholder meeting	Davangere Sugar Company Limited has submitted to the Exchange, consolidated report of Scrutinizer on votes cast through remote e-voting and voting at ...
2026-09-12	Shareholder meeting	Proceedings of Annual General Meeting held on September 12, 2026
2026-09-07	Corrigendum	Corrigendum to Notice of Annual General Meeting to be held on September 12, 2026
2026-08-25	Board meeting outcome	Outcome of Board Meeting held on August 25, 2026.
2026-08-20	Shareholder meeting	Notice of Annual General Meeting to be held on September 12, 2026
2026-08-14	Board meeting outcome	Outcome of Board Meeting dated 14th August,2026.
2026-08-05	Change in Auditors	Change in Auditors of the company.
2026-08-05	Board meeting outcome	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...
2026-07-28	Board meeting outcome	Outcome of Board Meeting held on July 28, 2026.
2026-07-25	Board meeting outcome	Outcome of Board Meeting held on July 25, 2026. Investment in Wholly Owned Subsidiary.
2026-07-09	Updates	Attached the letter informing that the company has listed its FCCB on the Afrinex Stock Exchange, Mauritius.
2026-07-09	Reply to Clarification- Fina	The Exchange had sought clarification from Davangere Sugar Company Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI...
2026-07-09	Board meeting outcome	Outcome of Board Meeting held on July 09, 2026 - Allotment of Foreign Currency Convertible Bonds ("FCCBs").
2026-07-08	General Updates	FCCB offering was fully subscribed in terms of the Offering Circular
2026-07-03	Board meeting outcome	Outcome of Board Meeting held on July 03, 2026.
2026-06-27	Clarification - Financial Re	The Exchange has sought clarification from Davangere Sugar Company Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI...
2026-06-24	General Updates	Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby inform you that the Company has received in-principle approval for the issua...
2026-06-19	Disclosure under SEBI Takeov	Davangere Sugar Company Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Indi...
2026-05-29	Board meeting outcome	Davangere Sugar Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-26	Disclosure under SEBI Takeov	Davangere Sugar Company Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Indi...
2026-05-18	Appointment	Appointment of Mr Vishwanath Patil as Company Secretary & Compliance Officer of the company w.e.f. May 18, 2026.
2026-05-15	Resignation	Resignation of Director/KMP/SMP
2026-05-15	Resignation	Resignation of Ms Uma Singh as Company Secretary & Compliance Officer of the company w.e.f. May 15, 2026.
2026-04-27	Shareholder meeting	Voting results.
2026-04-24	Shareholder meeting	Proceedings of Extraordinary General Meeting held on April 24, 2026

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 200perc in previous 365 DaysHigh low price variation greater than 75perc in previous 3 months

Quick answers

What is the market cap of Davangere Sugar Company Ltd?

Davangere Sugar Company Ltd (DAVANGERE) has a market capitalisation of Rs 395 Cr. at the 2026-10-01 close.

What is the P/E ratio of Davangere Sugar Company Ltd?

Davangere Sugar Company Ltd trades at a P/E of 48.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Davangere Sugar Company Ltd's latest quarterly results?

In the Jun 2026 quarter, Davangere Sugar Company Ltd sales was Rs 35 Cr (+44.2% vs Jun 2025) and net profit was Rs 1 Cr.

What is the 52-week high and low of Davangere Sugar Company Ltd?

The 52-week high is Rs 5.50 and the 52-week low is Rs 1.74.