Davangere Sugar Company Ltd.
Fundamentals
- Market cap
- ₹513 cr
- P/E
- 60.34×
- ROE
- 3.10%
- Debt / equity
- 0.77
- 52-week range
- 3.03 — 5.48
Company snapshot
Davangere Sugar Company Ltd.
Sugar
₹513 cr
P/E 60.35×
Latest quarter · Mar 2026
Sales₹84 cr
Net profit₹2 cr
Op. margin+10.1%
EPS₹0.01
Strength & growth
Debt / equity0.77×
Current ratio1.43×
The timeline — 3 notes on Davangere Sugar Company Ltd.
July 2026
- 28 Jul 26 · 4:50 PM IST Lead Lead · Micro cap
Davangere Sugar converts ₹40 cr promoter loans into warrants at ₹3.82
The board approved a preferential allotment of 10.5 crore warrants to promoters, cutting debt but adding to a highly dilutive capital structure already burdened by a ₹952 cr FCCB plan.
- 03 Jul 26 · 9:23 PM IST Alert Alert · Micro cap
Davangere Sugar's FCCB could flood 264 cr shares at ₹3.60
The USD 100M bond issue, netting USD 85M at a 15% discount, would massively dilute a ₹513 cr micro-cap.
- 03 Jul 26 · 9:18 PM IST Alert Alert · Micro cap
Davangere Sugar's ₹952 cr FCCB plan risks massive dilution
The micro-cap sugar company is raising nearly double its market cap via FCCBs convertible into 2,645 crore shares at ₹3.60 each, overwhelming existing equity.