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Companies›Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products
NSE:DAVANGERE

DAVANGERE SUGAR COMPANY L

Fast Moving Consumer Goods › Agricultural Food & other Products
₹2.00
at close · 6 Nov 2026
▼ 0.03 (-1.48%)

Latest filings

Next results: Thu, 12 Nov · Financial Results
  1. Board to approve September 2026 quarter and half-year results · Results
  2. Preliminary approval for promoter warrants issue · Fund Raising
  3. Routine RTA certificate under SEBI Regulation 74(5) for Sep 2026 quarter · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates an integrated sugar and ethanol complex that crushes sugarcane during the October–March season to produce sugar and processes the by-product molasses into ethanol at an attached distillery. The distillery is the largest contributor to revenue and operating profit, while the sugar business contributes a similar share of revenue at much thinner margins. A co-generation unit burns bagasse to produce power for the grid, and the business also carries a small aviation line. Sugarcane and other raw materials make up 63.3% of revenue, making cane availability and pricing the dominant cost driver. A UK-based wholly-owned subsidiary, Aurevant Global Limited, was set up in June 2026 to expand ethanol and sugar distribution globally. To fund acquisitions of sugar mills or ethanol distilleries and overseas expansion, USD 100 million (~₹952 crore) was raised through Foreign Currency Convertible Bonds in July 2026. For FY26, total revenue stood at ₹238.77 crore against a net profit of ₹8.51 crore, with total assets of ₹839.35 crore.

Revenue mix · reported segments
Distillery54.6%
Sugar41.0%
Co Generation2.9%
Others1.0%
Aviation0.4%
Operating scale
Distillery segment revenue
₹131.74 croreFY26
Sugar segment revenue
₹98.89 croreFY26
Co-Generation segment revenue
₹7.10 croreFY26
Aviation segment revenue
₹1.04 croreFY26
FCCB issue size
USD 100 million (~₹952 crore)July 2026
Overseas subsidiary
Aurevant Global Limited, UK (wholly-owned, for ethanol and sugar)June 2026
Who pays it
Industrial and wholesale buyers for sugar; oil marketing companies for ethanol; state power distribution utilities for co-generation power.
Biggest cost
Sugarcane and other raw materials, accounting for 63.3% of revenue in FY26.
Kind of business
Cyclical, asset-heavy, agricultural-commodity-based sugar and ethanol producer with seasonal crushing operations.
Where it sits
Mid-sized integrated sugar-ethanol player with FY26 total assets of ₹839.35 crore, expanding overseas through a UK subsidiary.
Market Cap
₹286 Cr
P / E (TTM)
9.5×
EV / EBITDA
10.9×
Div Yield
—
Growth
10.6%▲
Revenue 5y CAGR
PAT +27.8% · EBITDA +13.9%
Quality
8.5%·
ROCE (5y median)
ROE 3.1% (5y median) · margin 20.4%
Leverage
0.50·
Debt / Equity · low
Net debt ₹243 Cr
Revenue FY21→FY26
1.7×▲
Margin +1.8 pts
₹145 Cr → ₹239 Cr
Cash conversion
-1.44×▼
Operating cash ÷ profit · 5 yrs
₹-73 Cr on ₹51 Cr
Moves on a normal day
1.19%·
Median daily move
Last 269 sessions · the yardstick for filing-day moves
Where it sits among 68 Other Agricultural Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#20/53
P/B#12/52
ROCE#34/61
ROE#28/51
Debt / Equity#32/52
EBITDA margin#4/57
Revenue growth#11/52
Profit growth#35/51

Scorecard

Measured from the filed financials, judged against its Other Agricultural Products peers · as of FY26 — not investment advice

Strengths
Profit compounding 28% a year over 5 years
Concerns
Erratic profits — up in only 2 of the last 5 years
Over 5 years it reported ₹51 Cr of profit and an operating cash outflow of ₹73 Cr — -1.44×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 351 days of cash tied up
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

DAVANGERE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from DAVANGERE SUGAR COMPANY L's filed financials and exchange disclosures

What does DAVANGERE SUGAR COMPANY L do?

DAVANGERE SUGAR COMPANY L is a Agricultural Food & other Products company listed on NSE and BSE, trading under the symbol DAVANGERE.

Is DAVANGERE SUGAR COMPANY L profitable?

Yes. Over the trailing twelve months DAVANGERE SUGAR COMPANY L reported a net profit of ₹8.14 Cr on revenue of ₹249 Cr.

Does DAVANGERE SUGAR COMPANY L pay a dividend?

Not in the latest reported year — DAVANGERE SUGAR COMPANY L's dividend payout for FY26 was nil.

Is DAVANGERE SUGAR COMPANY L debt-free?

No. It reported borrowings of ₹250 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹243 Cr after cash. Debt stands at 0.50× equity. That is higher than 61% of its 52 Other Agricultural Products peers.

Is DAVANGERE SUGAR COMPANY L expensive compared with its peers?

On trailing P/E, DAVANGERE SUGAR COMPANY L ranks 20 of 53 in Other Agricultural Products — cheaper than 64% of them, against an industry median of 12.2×. This is a position, not a valuation judgement.

How much does the DAVANGERE SUGAR COMPANY L share price move in a day?

On a typical session DAVANGERE SUGAR COMPANY L moves 1.19% — that is the median absolute close-to-close move across its last 269 trading days. MarketPing measures each filing's price reaction against it.

When are DAVANGERE SUGAR COMPANY L's next results?

Financial Results on Thu, 12 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track DAVANGERE SUGAR COMPANY L's announcements?

Every NSE and BSE filing by DAVANGERE SUGAR COMPANY L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.