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Davangere Sugar Co Overview

Davangere Sugar Company Ltd (DSCL) is a publicly-traded company in India, primarily engaged in the business of manufacturing and selling sugar, molasses, and related products. The company operates a sugar mill in the city of Davangere in Karnataka, which has a crushing capacity of around 7,500 tonnes per day. DSCL also has a distillery unit with a capacity of producing around 60,000 liters of ethanol per day, as well as a co-generation power plant that generates electricity from the bagasse produced during the sugar manufacturing process. The c...Read More

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Davangere Sugar Co Key Financials

Market Cap ₹36 Cr.

Stock P/E 3.3

P/B 1.6

Current Price ₹3.8

Book Value ₹ 2.4

Face Value 1

52W High ₹6.3

Dividend Yield 0%

52W Low ₹ 2.7

Davangere Sugar Co Share Price

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Volume
Price

Davangere Sugar Co Quarterly Price

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Davangere Sugar Co Peer Comparison

Davangere Sugar Co Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 48 27 78 64 46 39 73 57 24 48
Other Income 4 0 1 2 0 0 0 1 0 1
Total Income 51 27 79 65 46 40 74 57 25 49
Total Expenditure 40 15 62 53 36 25 55 47 13 33
Operating Profit 11 12 16 13 10 15 19 10 12 16
Interest 7 7 7 5 5 10 8 4 7 9
Depreciation 3 3 3 3 3 3 3 4 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 2 7 5 1 2 7 2 2 3
Provision for Tax 0 1 1 0 0 1 1 0 0 1
Profit After Tax 1 1 6 5 1 1 7 2 1 3
Adjustments -0 0 0 0 0 -0 -0 0 -0 -0
Profit After Adjustments 1 1 6 5 1 1 7 2 1 3
Adjusted Earnings Per Share 0 0 0.1 0 0 0 0.1 0 0 0

Davangere Sugar Co Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 176 184 173 64 114 203 147 124 280 217 215 202
Other Income 2 1 0 18 0 0 0 0 1 6 2 2
Total Income 178 185 174 82 114 203 148 124 281 223 217 205
Total Expenditure 171 146 150 66 82 170 119 90 224 171 163 148
Operating Profit 7 39 24 16 32 33 29 35 56 52 54 57
Interest 13 18 14 14 18 22 17 19 27 25 28 28
Depreciation 10 8 9 9 9 9 9 9 12 12 13 13
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -16 13 1 -7 5 3 3 7 18 14 13 14
Provision for Tax 1 3 2 2 1 1 1 1 4 2 2 2
Profit After Tax -17 10 -2 -9 3 2 2 6 13 12 11 13
Adjustments 0 0 0 0 0 0 0 0 0 0 -0 0
Profit After Adjustments -17 10 -2 -9 3 2 2 6 13 12 11 13
Adjusted Earnings Per Share -0.3 0.2 -0 -0.2 0.1 0 0 0.1 0.1 0.1 0.1 0.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -1% 20% 1% 2%
Operating Profit CAGR 4% 16% 10% 23%
PAT CAGR -8% 22% 41% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -34% -9% NA% NA%
ROE Average 6% 6% 5% 1%
ROCE Average 9% 9% 8% 7%

Davangere Sugar Co Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 89 99 98 89 92 243 245 251 312 340 350
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 48 43 31 14 7 4 51 112 95 68 47
Other Non-Current Liabilities -4 10 4 79 76 84 56 54 16 49 87
Total Current Liabilities 187 193 132 109 153 123 86 157 173 225 258
Total Liabilities 320 346 264 291 328 454 439 574 597 682 743
Fixed Assets 119 159 145 136 128 280 271 262 329 338 329
Other Non-Current Assets 44 7 19 10 11 26 7 92 29 45 45
Total Current Assets 157 180 101 145 190 148 161 220 239 298 369
Total Assets 320 346 264 291 328 454 439 574 597 682 743

Davangere Sugar Co Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 25 17 5 4 6 1 7 17 8 5 3
Cash Flow from Operating Activities -1 -15 68 6 -30 59 6 -68 81 2 -5
Cash Flow from Investing Activities -37 -10 -9 6 -2 -2 -1 -85 -20 -23 -3
Cash Flow from Financing Activities 30 13 -61 -9 27 -52 6 144 -64 19 8
Net Cash Inflow / Outflow -8 -12 -2 2 -5 6 10 -9 -3 -1 -0
Closing Cash & Cash Equivalent 17 5 4 6 1 7 17 8 5 3 3

Davangere Sugar Co Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.33 0.2 -0.03 -0.17 0.05 0.03 0.04 0.09 0.14 0.13 0.11
CEPS(Rs) -0.14 0.34 0.15 0.01 0.2 0.18 0.18 0.23 0.26 0.26 0.24
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 1.71 1.91 1.88 1.71 1.43 3.77 3.81 3.9 1.62 1.91 2.01
Core EBITDA Margin(%) 2.81 19.8 12.74 -3.98 27.42 16.22 19.17 27.69 19.92 20.93 24.18
EBIT Margin(%) -1.75 16.4 7.93 10.84 19.94 12.01 13.38 20.73 16.01 18.39 19.1
Pre Tax Margin(%) -8.76 6.71 0.43 -10.76 4.14 1.29 2.18 5.37 6.32 6.67 5.98
PAT Margin (%) -9.36 5.36 -0.9 -13.47 2.84 1.02 1.69 4.57 4.72 5.65 5.09
Cash Profit Margin (%) -3.78 9.4 4.17 0.64 10.74 5.45 7.71 11.72 8.86 11.18 10.99
ROA(%) -5.56 3.06 -0.54 -3.1 1.04 0.53 0.56 1.12 2.26 1.91 1.54
ROE(%) -18.2 10.84 -1.67 -9.23 3.56 1.24 1.02 2.29 6.47 7.15 5.75
ROCE(%) -1.26 12.57 6.14 3.38 10.1 8.11 5.36 5.8 9.82 9.35 8.97
Receivable days 51.93 43.29 43.25 88.27 48.43 39.03 68.54 98.98 37.13 33.51 40.02
Inventory Days 174.52 222.83 195.61 350.63 265.01 133.31 110.75 232.85 135.36 179.9 226.17
Payable days 32.2 75.84 39.89 18.72 22.47 10.33 5.67 11.16 18.52 48.93 76.61
PER(x) 0 0 0 0 0 0 32.75 0 41.04 57.99 32.68
Price/Book(x) 0 0 0 0 0 0 0.33 0 3.45 3.83 1.83
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.96 1.13 0.85 2.48 1.79 0.82 1.33 2.47 2.8 4.48 2.91
EV/Core EBITDA(x) 24.22 5.31 6.2 9.89 6.43 4.96 6.88 8.87 13.9 18.75 11.63
Net Sales Growth(%) -26.54 4.33 -5.76 -63.23 78.47 78.56 -27.3 -15.76 125.33 -22.65 -0.71
EBIT Growth(%) -119.76 1083.76 -53.89 -51.88 227.07 7.52 -18.98 30.51 73.98 -11.16 3.12
PAT Growth(%) -416.43 159.94 -116.06 -425.48 137.43 -35.78 20.78 127.27 132.74 -7.41 -10.64
EPS Growth(%) -360 159.94 -116.06 -425.48 130.15 -35.78 20.78 127.28 54.45 -7.42 -10.63
Debt/Equity(x) 1.59 1.69 1.08 1.33 1.61 0.48 0.54 1.03 1.56 1.43 1.39
Current Ratio(x) 0.84 0.93 0.76 1.33 1.24 1.2 1.87 1.4 1.38 1.33 1.43
Quick Ratio(x) 0.32 0.23 0.32 0.74 0.58 0.82 1.38 0.66 0.85 0.79 0.87
Interest Cover(x) -0.25 1.69 1.06 0.5 1.26 1.12 1.19 1.35 1.65 1.57 1.46
Total Debt/Mcap(x) 0 0 0 0 0 0 1.61 0 0.45 0.37 0.76

Davangere Sugar Co Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 74.45 74.45 74.35 70.7 60.89 54.26 54.26 52.32 47.87 41.64
FII 0 0 0 0.04 0.02 0 0 0 0.02 0
DII 0 0 0 0 0 0 0 0 0 0
Public 25.55 25.55 25.65 29.26 39.09 45.74 45.74 47.68 52.12 58.36
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Davangere Sugar Co News

Davangere Sugar Co Pros & Cons

Pros

  • Company has delivered good profit growth of 40% CAGR over last 5 years
  • Company has reduced debt.

Cons

  • Promoter holding is low: 41.64%.
  • Company has a low return on equity of 6% over the last 3 years.
  • Debtor days have increased from 48.93 to 76.61days.
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