Shri Renuka Sugar Ltd. (June 19, 2020)

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Shri Renuka Sugar Ltd. (June 19, 2020)




FV – Rs 1; 52wks H/L – 10.91/3.2; TTQ (Lac) – 3.47; CMP – Rs 7.69 (As On June 19, 2020); Market Cap – Rs 1474.03 Crs

Consolidated Financials and Valuations (Amt in Rs Crs unless specified)

Shri Renuka Sugars Ltd
Year Equity Capital Net Worth Long Term Debt Total Sales PAT BV EPS P/E P/BV Promoter’s Holdings
Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs %
2019/20 (9M) 192 1744 2228 3504 2095 9.10 10.93 0.53 0.85 50.03
2018/19 192 -3008 2524 4718 -2037 -15.69 -10.63 50.05


One off profit from discontinued operations was Rs 2516 Cr for 9m FY20


Peer Comparison:


Shri Renuka Sugar (9m) Triveni Engg Balrampur (9m) Dhampur
Price (Rs) 7.69 53.9 128.9 129.7
FV (Rs) 1 1 1 10
Market Cap 1474 1336 2836 861
Equity 192 25 22 66
Net Worth 1744 1339 2173 1362
Total Debt 2228 1387 1526 1617
Sales 3504 4473 3019 3556
Net Profit 2095 335 278 216
EPS (Rs) 10.9 13.5 12.6 32.4
BV (Rs) 9.1 54.0 98.8 204.9
PE 0.5 4.0 7.7 4.0
PB 0.8 1.0 1.3 0.6
Crushing Capacity(TCD) 37500 76500 45500
Tonnage (MT) 1.01 0.483 0.766


Triveni Engg Crushing Capacity : 8.5 MT for fy 2020



Price Chart: 

About the Company :


Since 2019, Wilmar Sugar Holding Pte.Ltd has become the holding Company by acquiring 58.34% of stake


Shree Renuka Sugars is a global agribusiness and bio-energy corporation. The Company is one of the largest sugar producers in the world, the leading manufacturer of sugar in India, and one of the largest sugar refiners in the world. 

Sugar: The Company operates seven sugar mills in India with a total crushing capacity of 7.1 MTPA or 37,500 TCD and two port based sugar refineries with capacity of 1.7 MTPA.


Ethanol: The Company manufactures fuel grade ethanol that can be blended with petrol. Distillery capacity is 930 KLPD (630 KLPD from molasses to ethanol and 300 KLPD from rectified spirit to ethanol).KBK Chem-Engineering (100% subsidiary) facilitates turnkey distillery, ethanol and bio-fuel plant solutions


Power:The Company produces power from bagasse (a sugar cane by product) for captive consumption and sale to the state grid in India. Total Cogeneration capacity is 242 MW with exportable surplus of 135 MW.



FY 19

Contribution % Amount (Rs. Crs)
Sugar 77.16 3689.37
Ethanol 11.06 528.63
Co Generation 8.46 404.49


Recent News: 

In a regulatory filing on June 3, the company said its board approved the proposal for raising funds from its holding company Wilmar Sugar Holdings through external commercial borrowings (ECB) to refinance existing debts.

“The board also passed resolutions for increasing the borrowing limits under Section 180(1)(c) of the Companies Act, 2013 (the Act) from the existing Rs 6,000 crore to Rs 10,000 crore, and the corresponding limits for creating a charge on the assets of the company to secure such borrowings under Section 180(1)(a) of the Act,” the company said.

Excerpts from Gaurav’s Blog

Losers Focus on Winners – Winners Focus on Winning Workshop Conceptualised & Conducted by GAURAV A PARIKH Stock Markets ~ Minting Millions ~ TOP 10 Winning Moves Grabbing Short Term Too While Compounding Long Term Post Pandemic lock-down, this is the First Fundamental Direct Equity ‘Value Vs Price’ Workshop in over Two and a Half Years by Gaurav Parikh and Jeena Scriptech. Register The post Mumbai Equity Workshop ~ Saturday April 30 2022 ~ Almost Full ~ Top 10 Winning Moves first appeared on Gaurav's Blog. [...]

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We had not met in years but he always remained at the top of my mind when it came to testimonials for this is what he had said to me over a decade ago,when The post RIP S T Gerela ex GM BSE ~ gave me the best compliment till date first appeared on Gaurav's Blog. [...]

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has proposed a voluntary de-listing at an indicative offer price of Rs 87.50~are the over 7.3 lakh minority shareholders from Alibag !? …apologies to the people of Alibag Some would term this as De-listing Duplicity ~ but I would The post Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! first appeared on Gaurav's Blog. [...]

This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareholders already holding RIL shares. It is not a recommendation to buy RIL cum rights  It’s a no brainer yet I’m just penning a brief note because some have told me they hold Reliance but are skipping the Rights ! Don’t The post Riskless Reliance Industries Rights Investment Strategy first appeared on Gaurav's Blog. [...]

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Market Well Being ~ Always & more so in this unfathomable ongoing Covid-19 Reality Above’s a three minute reach out by me last night to all connected with me to reinforce this .It’s also posted on Facebook , The post Covid-19 Crisis-Your Well Being is more important than Stock Market Well Being first appeared on Gaurav's Blog. [...]