Live Shree Renuka Sugars Share Price Chart

O 45.8

H 45.8

L 45.8

VOL 28936

Shree Renuka Sugars Performance

Days Range

Low: ₹44.55
High: ₹45.90
Previous Close ₹46.00
Open ₹45.80
Volume 90,86,719
Day’s Range ₹44.55 - ₹45.90
52W Range ₹39.30 - ₹57.25
Market Cap ₹9,782.54 Cr

Shree Renuka Sugars Fundamentals

ROCE (TTM) 11.93
P/E Ratio (TTM) -20.7
P/B Ratio 0
Industry P/E 13.59
Debt to Equity -4.372
ROE 24.05
EPS (TTM) 0
Dividend Yield 0
Book Value -10.706582
Face Value 1

Shree Renuka Sugars Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales2,328.52,2842,554.73,014
Expenses2,1302,277.52,555.12,891.3
Profit before tax50.4-136.9-207.2-73.6
Operating Profit44.6-138.9-205.6-171.7
Net Profit44.6-138.9-205.6-171.7
EPS in Rs0.2-0.65-0.96-0.81

About Shree Renuka Sugars

History of Shree Renuka Sugars

Shree Renuka Sugars Ltd (SRSL) was founded in 1995 in Mumbai. It is involved in the production and refining of sugar, ethyl alcohol, and ethanol and the generation and distribution of electricity. The company operates as a subsidiary of Wilmar Sugar Holdings Pte Limited and has a presence in various sectors, making it an emerging player in the ethanol market. The company was listed on October 7, 2005.

Shree Renuka Sugars operates seven integrated sugar mills and two state-of-the-art sugar refineries across India. Not content with its domestic success, the company expanded its footprint to Brazil in 2009. In Brazil, it established four sugar mills and embarked on sugarcane plantations sprawling over 1,00,000 hectares. This strategic move catapulted Shree Renuka Sugars into the global arena, and today, it stands as one of the world’s largest players in the sugar and ethanol industry.

The company’s remarkable global presence is reflected in its impressive revenues, surpassing US$1.5 billion. With a commitment to excellence and sustainability, Shree Renuka Sugars Limited continues to shape the landscape of the sugar industry on a global scale.

Business Segments

SRSL, a subsidiary of Wilmar Sugar Holdings PTE Limited, manages integrated sugar mills and port-based refineries in India. The company’s core activities encompass Sugar, Ethanol, and Power generation. Let’s take a closer look at their business segments:

  1. Sugar: SRSL manufactures and markets White/Refined Sugar under the brand name “Madhur Sugars.” The company operates seven sugar mills across India, boasting a total crushing capacity of 7.1 million metric tonnes per annum (MTPA) or 35,000 tonnes crushed per day (TCD). Additionally, it manages two sugar refineries located at ports, with a combined capacity of 1.7 MTPA.
  2. Ethanol: The company produces three grades of ethanol (Absolute Alcohol, Rectified Spirit, Extra Neutral Alcohol) as a by-product of sugar manufacturing. Ethanol is used as a bio-fuel and chemical ingredient and is supplied to the alcohol industry. Its distillery boasts a significant capacity of 930 thousand litres per day (KLPD), with 630 KLPD from molasses to ethanol conversion and an additional 300 KLPD from rectified spirit to ethanol.
  3. Power: Renewable power is generated from bagasse (a sugarcane byproduct) for in-house consumption and sale to the state grid. With a total cogeneration capacity of 242 megawatts (MW), the company has an exportable surplus of 135 MW.
  4. Bhumadur Organic Manure: SRSL manufactures organic manure, known as Bhumadur, using sugarcane press mud and distillery spent wash.

Key Personnel

  • Narendra Murkumbi, MD and Vice Chairman 

Narendra Murkumbi’s journey with Shree Renuka Sugars began in 1998 when he founded the company. The initial capital for this venture was partially provided by local sugarcane farmers, reflecting the strong community ties that underpin the company’s origins. Over the past 12 years, Shree Renuka Sugars has transformed into a fully integrated sugar manufacturer, boasting substantial capabilities in power generation, ethanol production, and sugar refining.

Corporate Actions

Face Value Split 

  • Shree Renuka Sugars Limited underwent a face value split from ₹10 per share to ₹1 per share. This split occurred on April 10, 2008, and was completed on April 21, 2008.

Bonus

  • Shree Renuka Sugars Limited announced a bonus issue in a 1:1 ratio on March 15, 2010.

Financial Performance

  1. Total revenue has exhibited robust growth, increasing by 18% from the previous year, reaching ₹22,865 Mn, up from ₹19,401 Mn. Notably, the refinery segment played a pivotal role, contributing around 70% of the total income.
  2. Gross profit witnessed a significant improvement, advancing from ₹3,048 Mn to ₹3,562 Mn, marking a solid 17% increase.
  3. EBITDA also showed impressive performance, rising from ₹1,102 Mn to ₹1,468 Mn, indicating a remarkable 33% surge. This enhancement was further reflected in a 74 basis point increase in the EBITDA margin.
  4. The surge in sales volume was driven primarily by two key factors:
    1. A remarkable 33% growth in domestic sugar sales, with consumer pack sales within this category experiencing a 9% uptick.
    2. The refinery segment also contributed to volume growth with a 2% increase.
Parent Organisation MNC Associate
Founded 1995
Managing Director Atul Chaturvedi
NSE Symbol RENUKA

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Empee Sugars & Chemicals Ltd ₹2.43

3.95

0.00 (0.00)

3.6 - 4.3View Peer Comparison
EID Parry (India) Ltd ₹11,143.67

620.1

7.60 (-1.21%)

616 - 632View Peer Comparison
Indian Sucrose Ltd ₹152.58

3.6

0.00 (0.00)

3 - 3.6View Peer Comparison
Bajaj Hindusthan Sugar Ltd ₹4,276.60

32.7

0.75 (-2.24%)

32.35 - 33.7View Peer Comparison
Magadh Sugar & Energy Ltd ₹854.31

594.55

11.80 (-1.95%)

583.05 - 607.35View Peer Comparison

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Shree Renuka Sugars FAQs

What is the Share price of Shree Renuka Sugars (RENUKA)?

Shree Renuka Sugars (RENUKA) share price as of April 12, 2024, on NSE is Rs 44.80 (NSE) and Rs 44.75 (BSE) on BSE.

Can I buy Shree Renuka Sugars (RENUKA) shares?

Yes, You can buy Shree Renuka Sugars (RENUKA) shares by opening a Demat account with Angel One.

How do I buy Shree Renuka Sugars (RENUKA) from Angel One?

Shree Renuka Sugars (RENUKA) share can be brought through the following modes:
  1. Direct investment: You can buy Shree Renuka Sugars (RENUKA) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Shree Renuka Sugars (RENUKA) shares.

Is Shree Renuka Sugars a Debt free Company?

Shree Renuka Sugars is not a debt free company.

What is the main business of Shree Renuka Sugars?

Shree Renuka Sugars Ltd is involved in the manufacturing and refining of sugar, ethyl alcohol, and ethanol. Additionally, the company is engaged in the generation and sale of power.

Who are the promoters of Shree Renuka Sugars?

Wilmar Sugar Holdings Pte. Ltd. is the promoter of Shree Renuka Sugars.