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Davangere Sugar Company Ltd is a significant player in India’s sugar industry, specializing in the production and processing of sugar and its by-products. Situated in Karnataka, this company not only caters to the growing demand for sugar but also plays an essential role in rural development, providing vital support to local farmers and generating employment opportunities in the region. As of October 9, 2024, the Davangere Sugar Share Price on the Bombay Stock Exchange (BSE) stands at 6.74 INR. This article will delve deeper into the company’s prospects, analyzing its share price targets for the years 2024, 2025, and projections all the way to 2030.
Davangere Sugar Company Ltd: Market Overview
- Open Price: ₹6.67
- High Price: ₹6.80
- Low Price: ₹6.67
- Previous Close: ₹6.66
- Volume: 2,190,219
- Value (Lacs): ₹147.40
- VWAP: 6.74
- UC Limit: ₹7.99
- LC Limit: ₹5.32
- P/E ratio: 30.94
- Div yield: N/A
- 52-wk high: ₹11.34
- 52-wk low: ₹6.27
- Mkt cap: ₹634.13Cr
- Face Value: ₹10
Davangere Sugar Share Price Chart
Future Outlook: Davangere Sugar Share Price Target 2024 To 2030
| Target Year | Expected Share Price Target |
| 2024 | ₹9 |
| 2025 | ₹15 |
| 2026 | ₹22 |
| 2027 | ₹29 |
| 2028 | ₹36 |
| 2029 | ₹42 |
| 2030 | ₹50 |
Analysis of Davangere Sugar Share Price Target 2024
The anticipated target for Davangere Sugar shares in 2024 is ₹9. Several factors are likely to influence the company’s performance over this period:
- Sugarcane Production and Pricing: Fluctuations in sugarcane availability and pricing are pivotal. Factors such as climatic conditions and government pricing policies can directly influence production volumes and profitability. A strong harvest coupled with stable pricing may yield heightened revenues and consequently elevate the share price.
- Government Policies and Support: With the Indian sugar industry heavily regulated, government interventions concerning pricing, export schemes, and subsidies are vital. Favorable legislative changes and incentives for ethanol production could significantly boost Davangere Sugar’s performance and share price.
- Investment in Ethanol Production: As India makes a substantial push towards renewable energy sources, Davangere Sugar’s ability to diversify into ethanol production from sugarcane by-products garners prospective growth avenues. Focused efforts on this front will undoubtedly favorably influence revenues and share price in the long run.
Predictions for Share Price Target 2025
The expected share price target for Davangere Sugar in 2025 is projected at ₹15. Following are critical elements likely to impact the share price during this timeframe:
- Market Demand Influence: The substantial market demand for sugar and its by-products on both domestic and international fronts will likely shape Davangere Sugar’s growth trajectory. An uptick in demand or exports is expected to boost revenues, while fluctuations in global sugar prices pose potential risks to profitability.
- Pioneering Technological Improvements: Allocating funds towards modern technology and operational efficiencies can enhance production and processing methodologies, ultimately reducing costs and improving margins. Such advancements will possibly translate into higher stock prices.
- Sustainability Commitment: As consumer and governmental focus shifts toward eco-friendly practices, Davangere Sugar’s proactive approach in sustainable farming and production may fortify its market reputation and reinforce its stock performance.
Long-term Prospects: Share Price Target 2030
For the year 2030, the anticipated share price target for Davangere Sugar stands at ₹50. Various influential factors projecting into this timeline include:
- Sustainability Initiatives: The ongoing transition within the agriculture and manufacturing sectors towards sustainability will be pivotal. Davangere Sugar’s commitment to environmentally sound resources, including waste management and water conservation, can cultivate investor trust, enriching company value and share price appreciation.
- Diversification Strategy: Expanding into value-added product streams like biofuels, specialty sugars, and health-focused products will be integral for long-term growth. Broadening its product portfolio provides Davangere Sugar with access to new and lucrative market segments, promoting both profitability and share price value.
- Global Market Dynamics: Shifts in global sugar consumption patterns, trade regulations, and competitive strategies will be critical in determining Davangere Sugar’s financial strength. Keeping an adaptive approach concerning market dynamics will be paramount to securing stable growth and a favorable stock price by 2030.
Shareholding Pattern of Davangere Sugar Company Ltd
- Promoters: 60.89%
- Foreign Institutional Investors (FII): 0.02%
- Domestic Institutional Investors (DII): 0%
- Public Shareholding: 39.09%
Financial Overview of Davangere Sugar Company Ltd
| (INR) | 2024 | Y/Y change |
| Revenue | 2.17B | -22.65% |
| Operating Expense |