Davangere Sugar Company
- Market cap
- ₹ 280 Cr.
- P/E
- 41.7x
- P/B
- 0.56x
- 52-week range
- 1.62 – 5.5
- ROE
- 2%
- ROCE
- 6%
- Dividend yield
- 0%
- Debt / equity
- 0.5
- Sector
- Diversified FMCG
- Industry
- Diversified FMCG
- Listed on
- NSE, BSE
About
Davangere Sugar Company Limited is an India-based company, which is engaged in the business of sugar manufacturing (by-product molasses) from sugarcane and co-generation of electricity power. The Company's segments include Sugar, Co-generation, Aviation, Distillery, and Others. It is focused in the sector of sugar, ethanol and co-generation industry. The Company is producing green energy by installing molasses/sugar syrup and grain-based ethanol unit. Its manufacturing capacity of sugar is approximately 4750 tons of cane per day (TCD), distillery is 65 kilo liters per day (KLPD). Its co-generation power plant, occupying 1,23,018 square feet, boasts an installed capacity of 24.45 megawatts (MWs) per day. The Company’s sugar unit buildings span an area of approximately 2,83,874 square feet. Additionally, the Company has five warehouses, with a combined capacity to store over six lakh quintals of sugar.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Diversified FMCG: 5 companies →Davangere Sugar Company against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)41.7 against a typical 38.1: pricier than most peers (1st = cheapest).4th of 5
- Sales growth+44.2% against a typical +10.1% from a year earlier.1st of 5
- Profit growth−27.7% against a typical −9.4% from a year earlier.4th of 4
- Share price, 3 months−37.3% against a typical −14.3%.5th of 5
- Size₹ 280.3 Cr. market value against a typical ₹ 3,847.3 Cr. (1st = largest).4th of 4
Latest announcements
Exchange filings and their impact on the company.
- Exchanges cleared Rs 40 cr promoter warrant issue at Rs 3.77, set to boost net worth and cut debt.
Davangere Sugar received in-principle approvals from BSE and NSE on 22 Oct 2026 for issue of 10.64 crore convertible warrants at Rs 3.77 each to promoters on a preferential basis. The issue, already approved by shareholders, can bring in about Rs 40.1 crore on full conversion into Re 1 shares. The funds will strengthen the company's equity base and help reduce debt and working-capital stress.
- Rs 40.1 cr promoter warrants at Rs 3.77 confirmed; filing is only a clarificatory corrigendum.
Davangere Sugar issued a corrigendum to its 55th AGM notice for the issue of up to 10.64 crore convertible warrants to promoters at Rs 3.77 each, totalling about Rs 40.1 crore, after NSE observations on consideration and allottee disclosure. The September 12 shareholder approval is unchanged and NSE in-principle approval for listing on conversion was referenced. If fully subscribed and converted, the infusion at a steep premium to the Rs 2.26 market price would boost net worth and cut debt.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB- by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE BBB- (Rating Watch with Negative Implications) | — | 13 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 13 Jul 2026 | Reaffirmed | CARE BBB- → CARE BBB- (Rating Watch with Negative Implications) | — | CARE | ₹ 243.99 Cr. | |
| 12 Mar 2026 | ▲ Upgrade | CARE BBB- | — | CARE | ₹ 243.99 Cr. |
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 23 Oct 2026 | Warrants | Exchange approval | ₹ 40.12 Cr. | ₹ 3.77 | −46.95% | |
| 7 Oct 2026 | Warrants | Exchange approval | ₹ 40.12 Cr. | ₹ 3.77 | −46.95% |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Aug 2026 | Financial Results/Fund Raising | To consider and approve the Unaudited Financial Results and Proposal for Raising Funds. |
| 28 Jul 2026 | Fund Raising | To consider Fund Raising |
| 3 Jul 2026 | Fund Raising | DAVANGERE : 03-Jul-2026 : The Company has informed the Exchange that a Board meeting to be held on July 02, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on July 03, 2026, To consider Fund Raising |
| 2 Jul 2026 | Fund Raising | Intimation of Board Meeting for Consideration of Issuance of Foreign Currency Convertible Bonds (FCCBs) |
| 29 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 30 Mar 2026 | Fund Raising | To consider Fund Raising |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | 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 | 27 | 78 | 64 | 46 | 39 | 73 | 57 | 24 | 48 | 83 | 84 | 35 |
| Expenses | 15 | 62 | 53 | 36 | 25 | 55 | 47 | 13 | 33 | 69 | 75 | 24 |
| Operating Profit | 11 | 16 | 11 | 9 | 15 | 18 | 10 | 11 | 15 | 13 | 8 | 11 |
| OPM % | 42.6% | 20.3% | 16.8% | 20.8% | 37.1% | 24.9% | 17% | 47.3% | 31.9% | 16.2% | 10.1% | 32.1% |
| Other Income | 0 | 1 | 2 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 0 |
| Interest | 7 | 7 | 5 | 5 | 10 | 8 | 4 | 7 | 9 | 6 | 5 | 7 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 2 | 7 | 5 | 1 | 2 | 7 | 2 | 2 | 3 | 5 | 1 | 1 |
| Tax % | 37% | 18.8% | 0.9% | 30.7% | 28.1% | 9.4% | 13.3% | 24.4% | 21% | 41.9% | −38.6% | 27.3% |
| Net Profit | 1 | 6 | 5 | 1 | 1 | 7 | 2 | 1 | 3 | 3 | 2 | 1 |
| 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 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 11%
- 3 Years
- −5%
- TTM
- 29%
- 10 Years
- —
- 5 Years
- 28%
- 3 Years
- −14%
- TTM
- −28%
- 10 Years
- —
- 5 Years
- 2%
- 3 Years
- −48%
- TTM
- —
- 10 Years
- 2%
- 5 Years
- 3%
- 3 Years
- 3%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Davangere Sugar Company | ₹ 2.00 | ₹ 280 Cr. | 41.7x | 0.6x | 2% | — |
| Nestle India | ₹ 1,173.45 | ₹ 2,26,278 Cr. | 80.4x | 53.4x | 76.3% | 15.1% |
| Britannia Industries | ₹ 4,547.80 | ₹ 1,09,542 Cr. | 51.5x | 25.5x | 53.6% | 13.3% |
| Tata Consumer Products | ₹ 960.00 | ₹ 95,010 Cr. | 67.4x | 4.9x | 7.4% | 8.1% |
| Godrej Industries | ₹ 918.00 | ₹ 30,884 Cr. | 34.9x | 4x | 11.6% | 10.9% |
| Patanjali Foods | ₹ 351.00 | ₹ 38,193 Cr. | 18.9x | 2.8x | 14.8% | 4.5% |
Prices are delayed and for information only. Nothing on this page is investment advice.