Davangere Sugar Company Ltd
₹ 5.97
-1.65%
21 Nov
4:00 p.m.
About
Incorporated in 1970, Davangere Sugar Company is in the business of Sugar Manufacturing (By-product Molasses) from Sugarcane and Co-generation of Electricity Power[1]
Key Points
- Market Cap ₹ 561 Cr.
- Current Price ₹ 5.97
- High / Low ₹ 11.5 / 5.62
- Stock P/E 45.3
- Book Value ₹ 3.64
- Dividend Yield 0.00 %
- ROCE 6.86 %
- ROE 3.75 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 31.5% CAGR over last 5 years
- Debtor days have improved from 54.5 to 31.1 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -6.63%
- Company has a low return on equity of 3.65% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|
173 | 64 | 114 | 203 | 145 | 124 | 280 | 217 | 227 | |
150 | 66 | 82 | 170 | 135 | 90 | 224 | 171 | 176 | |
Operating Profit | 23 | -2 | 31 | 33 | 10 | 34 | 56 | 45 | 51 |
OPM % | 13% | -4% | 27% | 16% | 7% | 28% | 20% | 21% | 22% |
0 | 18 | 0 | 0 | 3 | 0 | 1 | 6 | 3 | |
Interest | 14 | 14 | 18 | 22 | 1 | 19 | 27 | 25 | 27 |
Depreciation | 9 | 9 | 9 | 9 | 9 | 9 | 12 | 12 | 12 |
Profit before tax | 1 | -7 | 5 | 3 | 3 | 7 | 18 | 14 | 15 |
Tax % | 309% | 25% | 31% | 21% | 22% | 15% | 25% | 15% | |
-2 | -9 | 3 | 2 | 2 | 6 | 13 | 12 | 12 | |
EPS in Rs | -0.02 | -0.11 | 0.03 | 0.02 | 0.03 | 0.06 | 0.14 | 0.13 | 0.13 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 14% |
TTM: | -12% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 32% |
3 Years: | 70% |
TTM: | -4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -35% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 4% |
Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 45 | 45 | 56 | 56 | 56 | 56 | 94 | 94 | 94 |
Reserves | 53 | 44 | 36 | 187 | 190 | 196 | 218 | 246 | 248 |
105 | 122 | 149 | 116 | 132 | 259 | 245 | 264 | 282 | |
63 | 80 | 87 | 95 | 61 | 63 | 40 | 78 | 97 | |
Total Liabilities | 265 | 291 | 328 | 454 | 439 | 574 | 597 | 682 | 721 |
145 | 136 | 128 | 280 | 271 | 346 | 350 | 359 | 357 | |
CWIP | 12 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 1 | 2 | 2 | 4 | 4 | 5 | 5 |
109 | 149 | 194 | 173 | 165 | 224 | 243 | 318 | 360 | |
Total Assets | 265 | 291 | 328 | 454 | 439 | 574 | 597 | 682 | 721 |
Cash Flows
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
68 | 6 | -30 | 59 | 6 | -68 | 81 | 2 | |
-9 | 6 | -2 | -2 | -1 | -85 | -20 | -23 | |
-61 | -9 | 27 | -52 | 6 | 144 | -65 | 19 | |
Net Cash Flow | -2 | 2 | -5 | 6 | 10 | -9 | -5 | -1 |
Ratios
Figures in Rs. Crores
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 60 | 63 | 43 | 80 | 105 | 28 | 31 |
Inventory Days | 456 | 359 | 632 | 116 | 157 | 656 | 174 | 320 |
Days Payable | 25 | 11 | 34 | 7 | 0 | 23 | 29 | 57 |
Cash Conversion Cycle | 474 | 407 | 662 | 151 | 236 | 738 | 172 | 293 |
Working Capital Days | 99 | 715 | 545 | 225 | 351 | 595 | 276 | 448 |
ROCE % | 3% | 10% | 8% | 1% | 6% | 8% | 7% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Newspaper publications of the Un-audited Financial Results for the quarter and half-year ended on September 30, 2024,
- Unaudited Financial Results For Half Year And Quarter Ended September 30, 2024 9 Nov
-
Board Meeting Outcome for Unaudited Financial Resultsfor Half Year And Quarter Ended September 30, 2024
9 Nov - Submission of unaudited financial results for Q2 2024.
-
Board Meeting Intimation for Intimation Of Board Meeting
6 Nov - Board meeting scheduled to approve financial results.
-
Announcement Under Regulation 30 (LODR) -Application For Re-Classification.
29 Oct - Application for reclassification of promoters to public.
Business Overview:[1]
DSCL started as a Joint Sector Company by Karnataka Agro Industries Corporation Limited, Karnataka State Small Industries Development Corporation Limited, IDBI, ICICI, IFCI and local farmers. It is now a part of the Shamanur group. Company deals in the commercial production of Sugar, ethanol and power generation