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| Name of Company | Shree Renuka Sugars Ltd |
| BSE Code | 532670 |
| NSE Code |
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| ICICI Code | |
| Established | 1998 |
| My Take | Like |
| Headquarters | Belgaum, Karnataka |
| Promoters | Murkumbi family |
| Story | 3500 Cr market cap at Rs. 53. Operates crushing facilities in Mah/Kar. In 1998, bought ailing Nizam sugars. Setup co-generation facilities, sugar trading subsidiary in Dubai, leased operation of sugar manufacturing units. Acquired 5% in NCDEX in 2009. In 2009, also acquired Brazil based VDI (sugar and ethanol manufacturing unit). |
| Sector | Sugar |
| Sub-sector | Sugar, alcohols |
| Website | |
| Positives | Regular dividend paying company (even in 2008, company paid 0.2 as dividend). Signed MoU with BPCL for setting up integrated sugar and ethanol plant. Dividend yield expected at Rs. 53 is 2% or more. Largest sugar refining capacity at 4K tpd. |
| Negatives | At 53, very near the 52-week low. Annual P/E of 4.7. |
| Peers | |
| News |
May 23, 2010
Shree Renuka Sugars Ltd - 532670
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current price is 99.35, if this was bought in May @ 53 - returns would have been 87% in 7 months.
ReplyDeletereserves and debt at around 1200 Cr is huge. Debt equity ratio is 1.04 (long term debts to equity is 0.77).
last 2 quarters the NPM has been very less (less than 1%). this might bring down the stock price in short term.
FY for this company ends in Sep every year.