Davangere Sugar Company share price & results
- Jun 2026
- Sept 2026
Karnataka-based fully integrated sugar company producing white crystal sugar, dual-feedstock ethanol and co-generation power, plus by-products molasses, press mud, CO2 and potash.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 34.7 | +44.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 32.1 | −15.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.94 | −27.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 1.90 | −1.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -19.75 | −16.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 28.91 | +12.1 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −42.9% 1Y
1Y: ₹3.47 on 24 Oct 2025 → ₹1.98. High ₹5.15 (20 Jan 2026), low ₹1.75 (9 Sept 2026).
- Previous close
- ₹2.03
- Market cap
- ₹337 Cr
- 52-week range
- ₹1.75 – ₹5.15
- One year
- −42.27%
- Price to earnings (TTM to Jun 2026)
- 41.40×
- Return on equity (TTM to Jun 2026)
- 1.90%
Overview
- Symbol
- NSE:DAVANGERE
- Exchange
- NSE
- Currency
- INR
What Davangere Sugar Company Limited does
Based on the company's own presentations, annual report and earnings calls.
Davangere Sugar Company Limited crushes sugarcane into white crystal sugar at its Kukkuwada (Karnataka) facility and runs a dual-feed distillery that converts sugar syrup, molasses and grain into ethanol and other spirits. It also operates a bagasse/molasses-fired co-generation power plant that supplies captive power and exports surplus electricity. The company sources cane from a network of nearby farmers and sells sugar, ethanol, power and by-products such as molasses, press mud and potash.
Segments
- Sugar
- Ethanol / Distillery
- Co-generation Power
- Sugarcane crushing capacity
- 4,750 TCD
- Ethanol distillation capacity
- 65 KLPD (expansion to 85 KLPD underway)
- Co-generation power capacity
- 24.45 MW
- Manufacturing facility land
- 165 acres, Kukkuwada, Karnataka
- Farmer network
- 4,990 farmers (as of 31-Mar-2025)
- Sugarcane cultivation belt
- 30,000 acres (irrigated, within ~35 km of factory)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −28% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 39 | 73 | 57 | 24 | 48 | 83 | 84 | 35 |
| Expenses | 25 | 55 | 47 | 13 | 33 | 69 | 75 | 24 |
| Operating profit | 15 | 18 | 10 | 11 | 15 | 13 | 8 | 11 |
| Operating margin | 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 |
| Interest | 10 | 8 | 4 | 7 | 9 | 6 | 5 | 7 |
| Depreciation | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 2 | 7 | 2 | 2 | 3 | 5 | 1 | 1 |
| Tax rate | 28.1% | 9.4% | 13.3% | 24.4% | 21.0% | 41.9% | −38.6% | 27.3% |
| Net profit | 1 | 7 | 2 | 1 | 3 | 3 | 2 | 1 |
| EPS (₹ per share) | 0.01 | 0.05 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 280 | 217 | 215 | 239 |
| Expenses | 224 | 171 | 163 | 190 |
| Operating profit | 56 | 45 | 52 | 49 |
| Other income | 1 | 6 | 2 | 2 |
| Interest | 27 | 25 | 28 | 27 |
| Depreciation | 12 | 12 | 13 | 13 |
| Profit before tax | 18 | 14 | 13 | 11 |
| Net profit | 13 | 12 | 11 | 9 |
| Line item | Mar 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 94 | 94 | 94 | 94 | 143 | 143 |
| Reserves | 218 | 246 | 248 | 256 | 360 | 362 |
| Borrowings | 245 | 264 | 282 | 271 | 200 | 250 |
| Other liabilities | 40 | 78 | 97 | 122 | 70 | 84 |
| Total liabilities | 597 | 682 | 721 | 743 | 773 | 839 |
| Fixed assets | 350 | 359 | 357 | 349 | 343 | 337 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 4 | 5 | 5 | 5 | 5 | 5 |
| Other assets | 243 | 318 | 360 | 389 | 425 | 497 |
| Total assets | 597 | 682 | 721 | 743 | 773 | 839 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 6 | -68 | 81 | 2 | -5 | -47 |
| Cash from investing | -1 | -85 | -20 | -23 | -3 | -1 |
| Cash from financing | 6 | 144 | -65 | 19 | 8 | 51 |
| Net cash flow | 10 | -9 | -5 | -1 | 0 | 3 |
| Free cash flow | 5 | -152 | 61 | -20 | -8 | -47 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 80 | 105 | 28 | 31 | 49 | 54 |
| Inventory days | 157 | 656 | 174 | 320 | 409 | 477 |
| Days payable | 0 | 23 | 29 | 57 | 80 | 36 |
| Cash conversion cycle | 236 | 738 | 172 | 293 | 378 | 495 |
| Working capital days | 146 | 161 | 81 | 118 | 182 | 348 |
| Return on capital employed | 1.0% | 6.0% | 8.0% | 7.0% | 7.0% | 6.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Distellery contributes 99.6% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
- Distellery 99.6%
₹35.08 crore
- Others 0.2%
₹0.08 crore
- Sugar 0.1%
₹0.04 crore
- Co Generation 0.0%
₹0.00 crore
- Aviation 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Distellery | 35.08 | 99.6% |
| Others | 0.08 | 0.2% |
| Sugar | 0.04 | 0.1% |
| Co Generation | 0.00 | 0.0% |
| Aviation | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹35.20 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹35.20 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Public hold 57.71% as of Sept 2026; institutions cut 15.21 pts since Aug 2026.
- Promoters 41.63%
- Foreign institutions 0.67%
- Domestic institutions 0.00%
- Public 57.71%
Who bought this quarter
since Aug 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 24.99% held
- newly disclosed 6.16% held
- newly disclosed 4.84% held
- newly disclosed 4.39% held
- newly disclosed 1.30% held
- newly disclosed 1.05% held
- +0.87 pp 5.59% held
- newly disclosed 0.70% held
The same filing shows 0 holders trimming and 12 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Davangere Sugar Company Limited above SEBI's 1% disclosure line, and what changed since Aug 2026.
| Holder | Stake | Change |
|---|---|---|
| 24.99% | newly disclosed | |
| 6.16% | newly disclosed | |
| 5.59% | +0.87 pp | |
| 4.84% | newly disclosed | |
| 4.39% | newly disclosed | |
| 1.40% | +0.22 pp | |
| 1.30% | newly disclosed | |
| 1.05% | newly disclosed | |
| 0.70% | newly disclosed | |
| 0.07% | unchanged | |
| — | off the list | |
| FPI fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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