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Shree Renuka Sugars Ltd share Price Today

Company details

48.50
51.25
36.55
57.25
6M Return 5.13%
1Y Return 12.47%
Mkt Cap.(Cr) 10,461.53
Volume 96,428,953
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 96,428,953

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Shree Renuka Sugars announced FY24 results:

Standalone:

  • Revenue went up by 25% from Rs 86,862 million to Rs 1,08,981 million.
  • EBITDA for FY24 was sustained at last year’s levels - Rs 7,195 million.
  • The refinery division delivered strong performance due to firm international sugar prices and high export volumes.
  • Ethanol and Sugar segment were a drag due to restrictive government policy on Ethanol. 

Consolidated:

  • Revenue went up by 25% from Rs 91,065 million to Rs 1,13,674 million.
  • EBITDA for the year stood at Rs 7,560 million, an increase of 5% over the last year of Rs 7,196 million.
  • During the year, the company strategically invested Rs 3,450 million in Anamika to derisk the business geographically.
  • PBT Loss for the year widened to negative Rs 4,618 million vs negative Rs 1,796 million over the last year.

Atul Chaturvedi, Executive Chairman said, “The company has displayed strong momentum, anchored by the Refinery division’s strong performance driven by firm international sugar prices and high export volumes. The domestic business was impacted due to lower production & sales volumes on account of drought induced low cane availability and restrictive policies on Ethanol.

Our flagship Consumer Pack brand Madhur continued to grow. Further, higher net realization especially in domestic sugar and refinery businesses resulted in stable Q4 performance. Our consolidated total income has increased by 25% over the previous year. The company’s resilience is driven by its robust business model."

Sunil Ranka, Chief Financial Officer said, “Shree Renuka Sugars has delivered a stable financial performance driven by the strong topline and consolidated EBITDA growth of 5%. Though our company’s EBITDA is comparable amongst the peers, the interest cost has escalated due to the upward movement in the borrowing rates along with additional working capital requirements for our refinery division thereby resulting in higher interest burden and impacting the profitability of the Company."

Result PDF

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Shree Renuka Sugars Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (8)

  • Red Flag: High Interest Payments Compared to Earnings
  • MFs decreased their shareholding last quarter
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (2)

  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 50.8
R2 52.4
R3 53.5
Pivot

49.63

S1 48.0
S2 46.9
S3 45.3
EMA SMA
43.3
43.2
44.2
45.5
42.4
43.1
44.4
47.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
HRTI PRIVATE LIMITED Bulk Purchase 2024-06-13 48.3 21145008 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-06-13 48.08 21107561 NSE
QE SECURITIES LLP Bulk Purchase 2024-06-13 48.21 11407776 NSE
Name Category Shares
WILMAR SUGAR HOLDINGS PTE. LTD. PROMOTER 62.48%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Reserves and Surplus
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Shree Renuka Sugars Ltd Stocks COMPARISON

Financials( in Cr) Shree Renuka Sugars Ltd EID Parry (India) Ltd Balrampur Chini Mills Ltd Triveni Engineering and Industries Ltd Bajaj Hindusthan Sugar Ltd
Price 49.15 728.00 430.20 394.30 41.59
% Change -0.30 1.05 -2.04 0.68 -0.34
Mcap Cr 10,461.53 12,923.31 8,679.24 8,631.15 5,312.54
Revenue TTM Cr 9,020.75 35,243.80 4,665.86 5,616.84 6,104.32
Net Profit TTM Cr -196.67 1,827.74 284.17 1,791.81 -86.92
PE TTM 0.00 14.23 16.58 21.69 0.00
1 Year Return 12.47 55.04 7.19 38.81 161.57
ROCE 0.00 39.86 10.41 17.30 0.00
ROE 0.00 32.04 10.03 23.28 0.00
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: -881.22 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,930.46 -6,140.05
LAST 3M 112,173.55 -45,499.40
LAST 6M 183,830.47 -16,034.02
LAST 12M 290,122.07 99,526.79

Shree Renuka Sugars Ltd Information

Stock PE (TTM)
0
Promoter Holding
62.48%
Book Value
-11.876
ROCE
0%
ROE
0%
Description
  • 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
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532670
NSE Code : RENUKA
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 Jun 14, 2024 03:59 PM the closing price of Shree Renuka Sugars Ltd was Rs.49.15.

The latest PE ratio of Shree Renuka Sugars Ltd as of Jun 14, 2024 03:59 PM is 0.00

The latest PB ratio of Shree Renuka Sugars Ltd as of Jun 14, 2024 03:59 PM is -0.24

The 52-week high of Shree Renuka Sugars Ltd share price is Rs. 57.25 while the 52-week low is Rs. 36.55

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 Jun 14, 2024 03:59 PM, the market cap of Shree Renuka Sugars Ltd stood at Rs. 10,461.53.

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