🔢 METRIC BREAKDOWN: DAVANGERE SUGAR (BSE: 543267)
Valuation & Targets:
CMP: ₹2.99
Target: ₹10.00 (+234% / 16x FY28E EBITDA)
Base Case: ₹6.00 | Bear Case: ₹2.00 | Stop Loss: ₹2.30
Financial Trajectory (FY26 → FY27E → FY28E):
Revenue: ₹239 Cr → ₹310 Cr → ₹375 Cr
EBITDA: ₹51 Cr → ₹75 Cr → ₹95 Cr
PAT: ₹8.5 Cr → ₹22 Cr → ₹35 Cr
Key Ratios & Triggers:
Retail Sugar Price: ₹65/kg (+44% 1M)
Sales Growth: Q4 (+47% YoY), Q1 (+43% YoY)
Promoter Warrants: 10.5 Cr shares @ ₹3.77–3.82
August 24, 2026 404 1
