Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:26 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543267 | NSE: DAVANGERE

Davangere Sugar Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹5.78Undervalued by 53.32%vs CMP ₹3.77

P/E (63.5) × ROE (3.2%) × BV (₹3.52) × DY (2.00%)

₹3.36Overvalued by 10.88%vs CMP ₹3.77
MoS: -12.2% (Negative)Confidence: 50/100 (Moderate)Models: 1 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹6.2730%Under (+66.3%)
Graham NumberEarnings₹2.1822%Over (-42.2%)
Net Asset ValueAssets₹3.5210%Fair (-6.6%)
EV/EBITDAEnterprise₹2.2412%Over (-40.6%)
Earnings YieldEarnings₹0.6010%Over (-84.1%)
ROCE CapitalReturns₹2.2910%Over (-39.3%)
Revenue MultipleRevenue₹1.507%Over (-60.2%)
Consensus (7 models)₹3.36100%Overvalued
Key Drivers: ROE 3.2% is below cost of equity. | Wide model spread (₹1–₹6) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 8.4%

*Investments are subject to market risks

Investment Snapshot

48
Davangere Sugar Company Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health47/100 · Moderate
ROCE 6.7% WeakROE 3.2% WeakD/E 1.27 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money70/100 · Strong
FII holding up 6.99% (6mo) AccumulatingPromoter holding at 41.8% Stable
Earnings Quality60/100 · Moderate
OPM stable around 23% SteadyWorking capital: 0 days (improving) Efficient
Quarterly Momentum30/100 · Weak
Revenue (4Q): -4% YoY FlatProfit (4Q): -37% YoY DecliningOPM: 16.2% (down 8.7% YoY) Margin pressure
Industry Rank40/100 · Moderate
P/E 63.5 vs industry 20.7 Premium to peersROCE 6.7% vs industry 8.6% AverageROE 3.2% vs industry 7.9% Below peers3Y sales CAGR: 20% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:26 am

Market Cap 539 Cr.
Current Price 3.77
Intrinsic Value₹3.36
High / Low 7.90/3.03
Stock P/E63.5
Book Value 3.52
Dividend Yield0.00 %
ROCE6.70 %
ROE3.17 %
Face Value 1.00
PEG Ratio7.52

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Davangere Sugar Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Davangere Sugar Company Ltd 539 Cr. 3.77 7.90/3.0363.5 3.520.00 %6.70 %3.17 % 1.00
DCM Shriram Industries Ltd 474 Cr. 36.3 63.1/31.97.77 1055.51 %13.7 %11.8 % 2.00
Ugar Sugar Works Ltd 440 Cr. 39.1 52.5/33.123.2 15.20.00 %3.14 %7.90 % 1.00
Zuari Industries Ltd 684 Cr. 230 416/2105.24 1,5690.44 %2.82 %1.69 % 10.0
Magadh Sugar & Energy Ltd 688 Cr. 488 821/4137.85 5722.56 %12.7 %13.8 % 10.0
Industry Average2,024.68 Cr265.4020.73225.550.76%8.62%7.89%6.37

All Competitor Stocks of Davangere Sugar Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 94.7188.1347.7326.9278.3163.5745.5739.3373.1856.9124.0748.1982.69
Expenses 77.7969.6740.4715.4462.3952.9036.1024.7354.9647.2312.6832.8269.28
Operating Profit 16.9218.467.2611.4815.9210.679.4714.6018.229.6811.3915.3713.41
OPM % 17.87%20.95%15.21%42.64%20.33%16.78%20.78%37.12%24.90%17.01%47.32%31.89%16.22%
Other Income 0.25-1.323.720.320.531.870.350.450.410.570.460.580.62
Interest 9.333.406.687.376.644.665.4710.248.164.326.959.446.33
Depreciation 4.862.272.892.892.893.282.983.033.003.683.183.183.17
Profit before tax 2.9811.471.411.546.924.601.371.787.472.251.723.334.53
Tax % 22.82%25.28%21.28%37.01%18.79%0.87%30.66%28.09%9.37%13.33%24.42%21.02%41.94%
Net Profit 2.308.571.100.975.614.550.941.296.771.941.302.632.62
EPS in Rs 0.020.060.010.010.040.030.010.010.050.010.010.020.02

Last Updated: March 3, 2026, 11:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 3:10 am

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 17364114203147124280217215212
Expenses 150668217011990224171163162
Operating Profit 23-23133283456455250
OPM % 13%-4%27%16%19%28%20%21%24%24%
Other Income 01800001622
Interest 14141822171927252827
Depreciation 99999912121313
Profit before tax 1-7533718141312
Tax % 309%25%31%21%22%15%25%15%15%
Net Profit -2-932261312118
EPS in Rs -0.01-0.070.020.010.020.040.090.090.080.06
Dividend Payout % 0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-350.00%133.33%-33.33%0.00%200.00%116.67%-7.69%-8.33%
Change in YoY Net Profit Growth (%)0.00%483.33%-166.67%33.33%200.00%-83.33%-124.36%-0.64%

Davangere Sugar Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:1%
3 Years:20%
TTM:-10%
Compounded Profit Growth
10 Years:%
5 Years:37%
3 Years:24%
TTM:-6%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-17%
1 Year:-71%
Return on Equity
10 Years:%
5 Years:3%
3 Years:4%
Last Year:3%

Last Updated: September 5, 2025, 3:06 pm

Balance Sheet

Last Updated: March 3, 2026, 12:49 am

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 454556565656949494143
Reserves 534436187190196218246256360
Borrowings 105122149116132259245264271200
Other Liabilities 638087956163407812270
Total Liabilities 265291328454439574597682743773
Fixed Assets 145136128280271346350359349343
CWIP 1255-0-0-0-0-0-0-0
Investments 0012244555
Other Assets 109149194173165224243318389425
Total Assets 265291328454439574597682743773

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 686-30596-68812-5
Cash from Investing Activity + -96-2-2-1-85-20-23-3
Cash from Financing Activity + -61-927-526144-65198
Net Cash Flow -22-5610-9-5-1-0
Free Cash Flow 596-31585-15261-20-8
CFO/OP 296%-255%-98%179%56%-198%145%5%-9%

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-82.00-124.00-118.00-83.00-104.00-225.00-189.00-219.00-219.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 43606343801052831
Inventory Days 456359632116157656174320
Days Payable 25113470232957
Cash Conversion Cycle 474407662151236738172293
Working Capital Days 991961153314616181119
ROCE %3%10%8%1%6%8%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.46%74.46%74.46%74.36%70.70%60.89%54.26%54.26%52.32%47.87%41.64%41.78%
FIIs 0.00%0.00%0.00%0.00%0.04%0.02%0.00%0.00%0.00%0.01%0.00%6.99%
Public 25.55%25.54%25.54%25.65%29.26%39.10%45.74%45.74%47.69%52.11%58.36%51.22%
No. of Shareholders 9,7329,90110,32610,40712,89748,9591,46,8061,55,1431,61,5921,63,6601,77,1541,77,805

Shareholding Pattern Chart

No. of Shareholders

Davangere Sugar Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.0010.0010.0010.0010.00
Basic EPS (Rs.) 1.161.301.481.020.45
Diluted EPS (Rs.) 1.161.301.481.020.45
Cash EPS (Rs.) 0.252.572.632.612.04
Book Value[Excl.RevalReserv]/Share (Rs.) 2.0736.1433.1645.1217.21
Book Value[Incl.RevalReserv]/Share (Rs.) 3.7236.1433.1645.1244.05
Revenue From Operations / Share (Rs.) 2.2923.0229.7522.3126.48
PBDIT / Share (Rs.) 0.575.355.996.225.14
PBIT / Share (Rs.) 0.434.084.764.633.54
PBT / Share (Rs.) 0.131.531.881.200.57
Net Profit / Share (Rs.) 0.111.301.401.020.44
PBDIT Margin (%) 25.0023.2320.1427.8819.40
PBIT Margin (%) 19.0917.7016.0020.7313.38
PBT Margin (%) 5.986.676.315.362.18
Net Profit Margin (%) 5.085.654.724.571.69
Return on Networth / Equity (%) 5.603.604.232.262.60
Return on Capital Employeed (%) 8.478.3810.585.895.59
Return On Assets (%) 1.471.792.210.950.56
Long Term Debt / Equity (X) 0.240.200.300.440.52
Total Debt / Equity (X) 1.390.770.781.031.27
Asset Turnover Ratio (%) 0.300.330.470.240.39
Current Ratio (X) 1.431.331.381.531.87
Quick Ratio (X) 0.860.780.840.781.38
Inventory Turnover Ratio (X) 1.611.181.501.682.06
Interest Coverage Ratio (X) 1.912.112.081.811.73
Interest Coverage Ratio (Post Tax) (X) 1.391.511.491.301.15
Enterprise Value (Cr.) 624.89970.55783.90341.55186.93
EV / Net Operating Revenue (X) 2.914.482.802.751.27
EV / EBITDA (X) 11.6319.3013.909.866.53
MarketCap / Net Operating Revenue (X) 1.663.281.940.720.55
Price / BV (X) 1.832.091.740.350.85
Price / Net Operating Revenue (X) 1.663.281.940.720.55
EarningsYield 0.030.010.020.060.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Davangere Sugar Company Ltd. is a Public Limited Listed company incorporated on 28/09/1970 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L37100KA1970PLC001949 and registration number is 001949. Currently Company is involved in the business activities of Manufacture of pulp, paper and paperboard. Company's Total Operating Revenue is Rs. 214.99 Cr. and Equity Capital is Rs. 94.08 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Diversified73/1, Post Box No.312, Shamanur Road, Davangere Karnataka 577004Contact not found
Management
NamePosition Held
Mr. S S GaneshChairman & Managing Director
Mr. Abhijith G ShamanurExecutive Director
Mrs. Swathi ShamanurNon Executive Director
Mr. Achal KapoorIndependent Director
Ms. Vinita Dilip ModakIndependent Director
Ms. Hima Bindu SagalaIndependent Director

FAQ

What is the intrinsic value of Davangere Sugar Company Ltd and is it undervalued?

As of 14 April 2026, Davangere Sugar Company Ltd's intrinsic value is ₹3.36, which is 10.88% lower than the current market price of ₹3.77, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.17 %), book value (₹3.52), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Davangere Sugar Company Ltd?

Davangere Sugar Company Ltd is trading at ₹3.77 as of 14 April 2026, with a FY2026-2027 high of ₹7.90 and low of ₹3.03. The stock is currently near its 52-week low. Market cap stands at ₹539 Cr..

How does Davangere Sugar Company Ltd's P/E ratio compare to its industry?

Davangere Sugar Company Ltd has a P/E ratio of 63.5, which is above the industry average of 20.73. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Davangere Sugar Company Ltd financially healthy?

Key indicators for Davangere Sugar Company Ltd: ROCE of 6.70 % is on the lower side compared to the industry average of 8.62%; ROE of 3.17 % is below ideal levels (industry average: 7.89%). Dividend yield is 0.00 %.

Is Davangere Sugar Company Ltd profitable and how is the profit trend?

Davangere Sugar Company Ltd reported a net profit of ₹11 Cr in Mar 2025 on revenue of ₹215 Cr. Compared to ₹6 Cr in Mar 2022, the net profit shows an improving trend.

Does Davangere Sugar Company Ltd pay dividends?

Davangere Sugar Company Ltd has a dividend yield of 0.00 % at the current price of ₹3.77. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Davangere Sugar Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports