Davangere Sugar Company L
NSE: DAVANGERE · Diversified FMCG · sector
₹2.03NSE close 2026-10-26
Key numbers
Market cap₹30 cr
Price₹2.03
52w high / low₹6 / ₹2
P/E9.7xSector median 28.6x
P/B0.1xSector median 4.5x
Book value₹34.5
Dividend yield–Sector median 3.98%
ROE1.9%Sector median 15.1%
ROCE5.0%Sector median 13.3%
OPM19.4%Sector median 19.4%
Debt / equity0.50xSector median 0.50x
EV/EBITDA5.7xSector median 16.6x
Interest cover1.4x
Current ratio1.96x
Sales growth 3y–Sector median +3.8%
Profit growth 3y–Sector median +8.3%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 5 companies in Diversified FMCG (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹7 cr vs borrowings ₹250 cr (FY26): borrowings are higher by ₹243 cr.
- Operating profit covered interest 1.4x in the last 12 months.
- Operating cash flow was below net profit in 3 of the last 3 years (FY26, FY25, FY24).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 29% of net profit in the last 12 months.
- Debtor days went from 31 (FY24) to 54 (FY26).
- No dividend in the last 3 financial years.
- Price ₹2.03 on 2026-10-26: -63.1% from the 52-week high, +16.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹7.17 · low ₹1.75
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39 | 73 | 57 | 24 | 48 | 83 | 84 | 35 |
| EBITDA | 15 | 18 | 10 | 11 | 15 | 13 | 8 | 11 |
| OPM % | 37.1% | 24.9% | 17.0% | 47.3% | 31.9% | 16.2% | 10.1% | 32.1% |
| Other income | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 0 |
| Net profit | 1 | 7 | 2 | 1 | 3 | 3 | 2 | 1 |
| EPS (₹) | 0.14 | 0.72 | 0.22 | 0.14 | 0.18 | 0.01 | 0.01 | 0.01 |
| Revenue YoY | +22.5% | +13.0% | +47.3% | +44.2% | ||||
| Profit YoY | +103.9% | -61.3% | +0.5% | -27.7% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 217 | 215 | 239 | 249 |
| EBITDA | 45 | 52 | 49 | 48 |
| Net profit | 12 | 11 | 9 | 8 |
| EPS (₹) | 0.13 | 1.15 | 0.05 | 0.21 |
| Revenue growth | -0.7% | +11.1% | +28.9% | |
| Profit growth | -10.6% | -22.2% | -28.0% | |
| Dividend / share (₹) | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +28.9% |
| Net profit | – | – | -28.0% |
| EPS | – | – | – |
| Share price | – | -44.9% (2y) | -42.5% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 340 | 350 | 505 |
| Borrowings | 264 | 271 | 250 |
| Cash & equivalents | 3 | 3 | 7 |
| Total assets | 682 | 743 | 839 |
| Fixed assets | 359 | 349 | 337 |
| Capital work in progress | 0 | – | – |
| Investments | 5 | 5 | 5 |
| Receivables | 18 | 29 | 35 |
| Inventory | 122 | 145 | 210 |
| Payables | 22 | 28 | 16 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | -11 | -4 | -71 |
| Cash from investing | -23 | 3 | -1 |
| Cash from financing | 32 | 1 | 51 |
| Capex | 22 | 3 | 0 |
| Free cash flow | -33 | -7 | -71 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 3.6% | 3.1% | 1.7% |
| ROCE % | 6.6% | 6.6% | 5.1% |
| Debtor days | 31 | 49 | 54 |
| Inventory days | 370 | 443 | 530 |
| Payable days | 66 | 86 | 40 |
| Cash conversion cycle (days) | 335 | 406 | 544 |
| Working capital days | 124 | 188 | 358 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 41.63% |
| FIIs | 0.66% |
| Public (non-institutions) | 57.70% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 52.32% | 47.87% | 41.64% | 41.78% | 41.78% | 41.63% | 35.10% | 41.63% |
| Promoter group | % |
|---|---|
| Ganesh S S | 24.99% |
| Mafatlal Plywood Industries Private Limited | 5.59% |
| Abhijith Ganesh Shamanur | 4.84% |
| Rekha Ganesh . | 4.39% |
| Anchal Ganesh Shamanur | 1.05% |
| Akhil G Shamanur | 0.70% |
| Indian Cane Power Limited | 0.07% |
| Public holders above 1% | % |
|---|---|
| Davangere Sugar Company Limited | 6.16% |
| Bavaguthu Raghuram Shetty | 1.40% |
| Citadel Securities India Markets PVT Ltd | 1.30% |
1,86,489 shareholders. Pledged: – of promoter shares.
Peers in Diversified FMCG
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HINDUNILVR | ₹4,27,371 cr | 28.6x | 8.8x | 30.5% | 29.6% | 22.7% | +2.1% | 2.37% |
| ITC | ₹3,26,393 cr | 16.4x | 4.5x | 27.8% | 35.5% | 26.8% | +5.5% | 5.60% |
| HNDFDS | ₹6,638 cr | 42.4x | 5.7x | 15.1% | 13.3% | 8.6% | – | – |
| GODAVARIB | ₹1,008 cr | 6,567.7x | 1.3x | 0.0% | 3.7% | 4.5% | – | – |
| DAVANGERE | ₹30 cr | 9.7x | 0.1x | 1.9% | 5.0% | 19.4% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Distellery | ₹132 cr | 54.6% | ₹43 cr | 32.4% |
| Sugar | ₹99 cr | 41.0% | ₹3 cr | 3.2% |
| Co Generation | ₹7 cr | 2.9% | ₹-7 cr | -102.6% |
| Others | ₹2 cr | 1.0% | ₹0 cr | 0.0% |
| Aviation | ₹1 cr | 0.4% | ₹-1 cr | -124.7% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-08-06 | Rights | Rights 13:25 @ Premium Rs 2.05/- |
| 2024-09-23 | Other | Annual General Meeting |
| 2024-05-31 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Fast Moving Consumer Goods |
| Industry | Diversified FMCG |
| Sub-industry | Diversified FMCG |
| Symbol | DAVANGERE |
| BSE code | 543267 |
| ISIN | INE179G01029 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.