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Shree Renuka Sugars Ltd share Price

Company details

6M Return 20.38%
1Y Return -4.57%
Mkt Cap.(Cr) 11,568.34
Volume 6,730,598
Div Yield 0.00%
OI Chg %
Volume 6,730,598

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Shree Renuka Sugars announced Q1FY24 results:

  • Total income up by 18% over Q1FY23 from Rs 19,401 million to Rs 22,865 million. Refinery contributed ~70% of topline.
  • Gross profit has improved from Rs 3,048 million to 3,562 million up by 17%.
  • EBITDA has improved from Rs 1,102 million to 1,468 million up by 33%. EBITDA margin improved by 74 bps.
  • Volume growth was led by
    • 1) Domestic sugar sales (up by 33%) of which Consumer pack sales (grew by 9%) and
    • 2) Refinery (2%).
  • Distillery had a record production of 4.67 crore litres despite being off-season due to availability of stored molasses, compared to 4.62 crore litre produced in the previous year.

Atul Chaturvedi, Executive Chairman, “This quarter’s results must be seen in the light of inflationary headwinds, high interest rates, weakening currency and disruption caused at our Kandla refinery by cyclone Biparjoy. We have commenced the first quarter on a positive note and achieved healthy growth. Our total income for the quarter has increased by 18% over the previous year. Revenues have grown significantly across all segments with upside in our refinery and sugar business.

The delay in the onset of monsoon in the country was offset due to the torrential rains in the sugarcane belts of Maharashtra and Karnataka in June and we anticipate adequate sugarcane availability in the upcoming season. With the further thrust on ESG initiatives, our organic manure “BHU SANJIVANI” was launched at our Munoli unit (Karnataka) recently which is expected to improve soil health and increasing farmer’s income by increasing quantity and quality of their crop yield."

Sunil Ranka, Chief Financial Officer, “Shree Renuka Sugars has delivered one of the best performances in the first quarter with a gross profit growth of about 17% and EBITDA growth of 33%. The current results demonstrate our unwavering commitment to operational excellence and providing superior results to our stakeholders. High volumes and margins propped EBITDA up to Rs 1,468 million from EBITDA of Rs 1,102 million in the previous year.

Even after increase in the FRP (fair and remunerative price), which is likely to lead to some cost escalation, the same should not pose a problem as the macro environment is supportive and the industry expects further upward improvement in the ethanol purchase price. Good monsoon, strong sugarcane planting and government policies will continue to keep Renuka on the accelerated growth path.”


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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Shree Renuka Sugars Ltd Stocks COMPARISION


Equity Capital: -881.22 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59

Shree Renuka Sugars Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Shree Renuka Sugars Limited (SRSL) is an integrated manufacturing company with strategic focus on Sugar and its allied products in Power and Ethanol. The Company was incorporated on 25th October 1995, key manufacturing facility of the Company is in Munoli, Athani & Havalgah, Karnataka and operate three leased facilities at Ajara & Arag in Maharashtra and at Aland in Karnataka. It has largest sugar refining capacity in India of 4000 Tons Per Day (TPD). The Company is principally engaged in manufacturing and refining of sugar, ethyl alcohol, ethanol, generation and sale of power. An 11.2 MW cogeneration plant of the company was commissioned in the year 2000 for producing electricity from the Bagasse. SRSL had installed a distillery in the year 2002 with a capacity of 60 KL at our Munoli unit for manufacture and production of Ethanol. During the year 2003, the company added an additional turbine and boiler, increased its co-generation capacity of power from 11.2 MW to 20.5 MW. Also SRSL had installed a sugar refinery in the identical year of 2003 at Munoli unit with a capacity of 250 TPD. The Company incorporated and registered Renuka Commodities DMCC as a subsidiary company during the year 2004 in the Free Trade Zone in Dubai, United Arab Emirates to carry on the business of wholesale trading of sugar in the International market. The Unit II at Ajara in Maharashtra and Unit III at Mohannagar in Maharashtra of the company were taken as lease in the year 2004 and 2005 respectively. Initial Public Offering (IPO) of SRCL was released in the year of 2005. The Company plays a significant role in exports/imports due to its coastal position. In 2006, the company had inked a Memorandum of Understanding (MoU) with Brazilian sugar giant. SRSL is the single largest exporter out of India in 2006 -07. It launched Madhur, a sugar brand for the retail markets, in November, 2007. It completed the acquisition of the Ethanol plant of Dhanuka Petro-Chem a division of Dhanuka Cold Storage Pvt Ltd in August, 2007 at Khopoli, Maharashtra for a total consideration of approximately Rs. 60 Million. It formed a new 100% subsidiary company in the name of Shree Renuka Agri Ventures in July, 2008 and acquired 87% stake in Gokak Sugars for consideration of Rs. 693 million in October, 2008. It formed a subsidiary company viz., SRSL Ethanol Ltd in December, 2008 for setting up of an Integrated Sugar and Ethanol Plant in State of Maharashtra. During the year 2008-09, Company has set up Shree Renuka Global Ventures Limited in the Republic of Mauritius to facilitate its efforts to explore the business at global level. It acquired majority stake in Gokak Sugars Ltd, with its 2,500 TCD sugar manufacturing unit and 14MW co-generation power plant at Kolavi village of Belgaum Dist., in Karnataka. It commissioned a 30MW co-generation power project at Panchganga Co-operative Sugar Mill in Maharashtra. Since the complete co-generation assets had been transferred to the Company, the equity stake held by the Company in Shree Renuka Energy Limited was divested and that Company ceased to be the subsidiary of the Company. Consequently, Renuka Energy Resource Holdings (FZE) Sharjah, a subsidiary of Shree Renuka Energy Limited also ceased to be subsidiary of the Company. It commissioned 2,000 TPD port-based refinery at Haldia in 2008. During the year 2009-10, two wholly owned subsidiaries of the Company viz. Godavari Biofuel Pvt Ltd and Ratnaprabha Sugars Ltd. were amalgamated with the Company (Shree Renuka Sugars Ltd.), which stand transferred to and vested in Company from April 1, 2009 being the Appointed Date. As from December 10, 2010 being the effective date of the Scheme, Godavari Biofuel Private Limited and Ratnaprabha Sugars Limited stands dissolved without winding up. In March 2010, Company acquired 100% stake in Renuka Vale do Ivai S/A (VDI) formerly Vale Do Iva� S/A A��car E Alcool, a Brazilian sugar and ethanol production company located in Parana State of Brazil and VDI became a wholly owned subsidiary of the Company. In July 2010, the Company acquired a controlling stake of 50.34% in Equipav S.A. A��car e Alcool (Equipav AA), which was renamed as "Renuka do Brasil S/A (RdB)". It started construction of standalone port based refinery at Kandla having capacity of 3,000 TPD; which is expected to start production in second half of 2011. During the year 2013-14, Shree Renuka Tunaport Pvt. Ltd. was incorporated as a Wholly Owned Subsidiary of the Company for the purpose of carrying on the business of infrastructure development in the form of constructing and building ports, jetties, wharfs, docks, harbours, etc. During year 2014-15, Company divested its stake in Nandur Sugars Limited (NSL) (formerly known as SRSL Ethanol Ltd.), for a consideration of Rs 1.5 million and consequent to divestment, NSL ceased to be a subsidiary of the Company. During the year 2015-16, Parana Global Trading (FZE), wholly owned subsidiary of the Company at UAE closed down w.e.f. August 13, 2015, due to non commencement of operations. During year 2019-20, the Company sold its entire 82.9% stake in Shree Renuka Global Ventures Ltd. (SRGVL), a Mauritius based subsidiary of the Company, on 25th September 2019. As a consequence of this sale, SRGVL and all Brazilian subsidiaries and its subsidiary in Sri Lanka, M/s. Lanka Sugar Refinery Co (Pvt) Ltd, ceased to be subsidiaries of the Company and are classified as associates with effect 25th September 2019. The Board of Directors, at its meeting held on 24th May 2022, approved the merger of Monica Trading Private Limited, Shree Renuka Agri Ventures Limited and Shree Renuka Tunaport Private Limited, wholly owned subsidiaries of the Company, with the Company, which submitted the Scheme of Merger to the Stock Exchanges on 1st August, 2022. In February 2023, the Company commenced commissioning activities of its expanded ethanol production capacity at Athani (from 300 KLPD to 450 KLPD) and at Munoli (from 120 KLPD to 500 KLPD). During 2022-23, it expanded ethanol production capacity from 720 KLPD to 1250 KLPD.

Registered Address

2nd & 3rd Floor CTS No 10634, Kanakashree Arcade JNMC Road, Belagavi, Karnataka, 590010

Tel : 91-831-2404000
Email : groupcs:renukasugars.com
Website : http://www.renukasugars.com

Karvy Computershare Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532670
Book Closure Date (Month) :
BSE Group : A
ISIN : INE087H01022

FAQ’s on Shree Renuka Sugars Ltd Shares

You can buy Shree Renuka Sugars Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Shree Renuka Sugars Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:59 PM the closing price of Shree Renuka Sugars Ltd was ₹ 54.35.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:59 PM, the market cap of Shree Renuka Sugars Ltd stood at ₹ 11,568.34.

The latest PE ratio of Shree Renuka Sugars Ltd as of Oct 03, 2023 03:59 PM is 0

The latest PB ratio of Shree Renuka Sugars Ltd as of Oct 03, 2023 03:59 PM is -0.17

The 52-week high of Shree Renuka Sugars Ltd is ₹ 68.75 while the 52-week low is ₹ 39.40

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