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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shree Renuka Sugars Ltd

About the Company - Shree Renuka Sugars Ltd

Shree Renuka Sugars Ltd. is a Public Limited Listed company incorporated on 25/10/1995 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L01542KA1995PLC019046 and registration number is 019046. Currently Company is involved in the business activities of Electric power generation using other non conventional sources. Company’s Total Operating Revenue is Rs. 6125.94 Cr. and Equity Capital is Rs. 212.85 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Sugar2nd & 3rd Floor, Kanakashree Arcade, Belagavi Karnataka 590010groupcs@renukasugars.com
http://www.renukasugars.com
Management
NamePosition Held
Mr. Atul ChaturvediExecutive Chairman
Mr. Vijendra SinghExecutive Director & Deputy CEO
Mr. Ravi GuptaExecutive Director
Mr. Kuok Khoon HongNon Executive Director
Mr. Charles Cheau Leong LooNon Executive Director
Mr. Jean-Luc BohbotNon Executive Director
Mr. Madhu RaoIndependent Director
Dr. Bharat Kumar MehtaIndependent Director
Ms. Priyanka MallickIndependent Director
Mr. Arun Chandra VermaIndependent Director
Mr. S SridharanIndependent Director
Mr. Siraj HussainIndependent Director
Mr. Tinniyan Kalyansundaram KananAlternate Director

Shree Renuka Sugars Ltd. Share Price Update

Share PriceValue
Today₹48.25
Previous Day₹48.96

Basic Stock Data of Shree Renuka Sugars Ltd

Market Cap 10,723 Cr.
Current Price 50.4
High / Low57.2/39.4
Stock P/E
Book Value 5.59
Dividend Yield0.00 %
ROCE9.41 %
ROE%
Face Value 1.00

Data Source: screener.in

Competitors of Shree Renuka Sugars Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Rana Sugars Ltd 394 Cr. 25.730.4/19.47.63 33.40.00 %12.6 %12.5 % 10.0
Ugar Sugar Works Ltd 937 Cr. 83.2136/76.013.6 15.20.60 %27.3 %60.6 % 1.00
Vishwaraj Sugar Industries Ltd 362 Cr. 19.322.3/13.1 14.30.51 %8.40 %8.71 % 2.00
Kothari Sugars & Chemicals Ltd 526 Cr. 63.471.7/32.411.1 33.41.57 %17.6 %14.9 % 10.0
Bannari Amman Sugars Ltd 3,056 Cr. 2,4372,975/2,34520.0 1,2750.53 %11.9 %9.64 % 10.0
Industry Average444.4 Cr38.7210.4719.460.64%15.56%21.27%6.6

Shree Renuka Sugars Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,3881,3208311,4142,0142,1731,9532,1882,5522,3282,2842,5553,014
Expenses1,2801,0709191,3801,8431,8981,9012,1422,3442,0702,2132,4912,822
Operating Profit108250-883517127452462072597164192
OPM %8%19%-11%2%9%13%3%2%8%11%3%2%6%
Other Income25-133534111817161242711048
Interest921001059791100124134144190214217244
Depreciation52525454485258606060646469
Profit before tax-12-35-241-8244141-113-1321550-137-207-74
Tax %-1,106%-28%0%-20%0%-13%-1%-7%4%12%-1%1%-133%
Net Profit-141-45-241-9843159-114-1421445-139-206-172
EPS in Rs-0.66-0.21-1.13-0.460.200.73-0.53-0.660.070.20-0.65-0.96-0.81

Shree Renuka Sugars Ltd Quarterly Chart

Shree Renuka Sugars Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales12,36910,35811,54610,0889,84911,8446,2504,5044,8765,6456,4319,0179,719
Expenses10,5628,83610,62210,29010,13211,4748,8655,8794,8165,0746,0308,4279,119
Operating Profit1,8071,522925-202-284370-2,614-1,37660571401590600
OPM %15%15%8%-2%-3%3%-42%-31%1%10%6%7%6%
Other Income186-257-56827803775281112,823746159134
Interest1,038868959922976958519560511384393591765
Depreciation1,0228871,076991776955240221211209208238248
Profit before tax-67-490-1,679-2,089-1,956-1,166-2,846-2,0462,16152-139-180-279
Tax %55%24%12%13%8%1%23%0%10%325%1%-10%
Net Profit-30-374-1,479-1,814-1,809-1,152-2,204-2,0371,950-117-137-197-286
EPS in Rs-0.46-5.57-22.02-19.52-19.48-12.19-8.89-7.5610.95-0.54-0.65-0.93-1.34
Dividend Payout %-216%-9%0%0%0%0%0%0%0%0%0%0%

Shree Renuka Sugars Ltd Profit & Loss Yearly Chart

Shree Renuka Sugars Ltd Growth

Compounded Sales Growth
10 Years:-1%
5 Years:8%
3 Years:23%
TTM:15%
Compounded Profit Growth
10 Years:%
5 Years:14%
3 Years:%
TTM:-465%
Stock Price CAGR
10 Years:9%
5 Years:37%
3 Years:74%
1 Year:12%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Shree Renuka Sugars Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital676767939395192192192213213213213
Reserves1,8151,393-564-2,435-1,856-3,437-1,899-3,199-1,074-875-821-1,094-1,402
Preference Capital-0-0-0-0-0-0-0522284-0-0-0
Borrowings10,1588,4779,5608,8979,1049,8757,8512,3802,8084,4475,2345,5695,198
Other Liabilities3,4305,6743,8874,4126,1746,0603,85410,2524,7453,1222,4772,9173,017
Total Liabilities15,47015,61012,95110,96713,51512,5929,9989,6246,6706,9077,1037,6047,026
Fixed Assets8,8388,4717,9706,0087,7027,5876,1924,0233,8863,7764,0044,2964,291
CWIP3652253233373529100142721711476
Investments1942351678586121108191960434242
Other Assets6,0746,6784,7824,8415,6904,8493,6695,4822,6233,0632,8393,1512,617
Total Assets15,47015,61012,95110,96713,51512,5929,9989,6246,6706,9077,1037,6047,026

Shree Renuka Sugars Ltd Reserves and Borrowings Chart

Shree Renuka Sugars Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1253,6722247344881,118-22255561-1,564-134926
Cash from Investing Activity -2,086-377-091-224-864-8201138-108-337-450
Cash from Financing Activity 1,686-3,051-408-898-272-24626-473-6651,641454-332
Net Cash Flow-525244-185-73-97-4-1834-32-16145

Shree Renuka Sugars Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days992022273144231010168
Inventory Days1341918693865157172151208148118
Days Payable7221399137176139215280243229145120
Cash Conversion Cycle72-147-22-63-57-114-85-82-12196
Working Capital Days30-59-48-102-215-178-419-604-219-11217
ROCE %9%6%-1%-15%-14%-3%-53%-182%16%6%9%

Shree Renuka Sugars Ltd Financial Efficiency Indicators Chart

Shree Renuka Sugars Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters62.48%62.48%62.48%62.48%62.48%62.48%62.48%62.48%62.48%62.48%62.48%62.48%
FIIs1.42%1.84%1.61%2.06%2.12%2.66%4.08%4.19%4.34%2.93%3.16%3.22%
DIIs18.27%12.34%11.05%10.98%10.53%9.68%10.50%10.44%10.10%10.10%10.12%10.10%
Public17.83%23.34%24.86%24.48%24.87%25.18%22.94%22.88%23.07%24.49%24.23%24.20%
No. of Shareholders1,65,3792,43,0453,21,0813,41,8493,71,7994,73,8954,57,2124,79,4955,00,8585,15,8236,03,7076,78,153

Shree Renuka Sugars Ltd Shareholding Pattern Chart

No. of Shree Renuka Sugars Ltd Shareholders

Shree Renuka Sugars Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Nifty Smallcap 250 Index Fund5353390.262.52
Motilal Oswal Nifty Smallcap 250 Index Fund3345420.261.58
Axis Nifty Smallcap 50 Index Fund3328870.781.57
SBI Nifty Smallcap 250 Index Fund2625900.261.24
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund2245600.791.06
ICICI Prudential Nifty Smallcap 250 Index Fund1249960.260.59
HDFC NIFTY Smallcap 250 ETF725360.260.34
Kotak Nifty Smallcap 50 Index695620.780.33
HDFC Nifty Smallcap 250 Index Fund584880.260.28
Motilal Oswal Nifty 500 Index Fund337660.020.16

Shree Renuka Sugars Ltd ROCE Trend

Shree Renuka Sugars Ltd EPS Trend

Shree Renuka Sugars Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-0.93-0.65-0.572.96-1.89
Diluted EPS (Rs.)-0.93-0.65-0.572.96-1.89
Cash EPS (Rs.)0.190.330.4311.27-9.48
Book Value[Excl.RevalReserv]/Share (Rs.)-4.14-2.85-3.12-4.60-29.01
Book Value[Incl.RevalReserv]/Share (Rs.)-4.14-2.85-3.12-4.60-29.01
Revenue From Operations / Share (Rs.)42.3830.2226.5425.4723.52
PBDIT / Share (Rs.)3.052.173.010.402.64
PBIT / Share (Rs.)1.931.192.03-0.691.49
PBT / Share (Rs.)-0.84-0.650.24-1.85-1.95
Net Profit / Share (Rs.)-0.92-0.64-0.5410.17-10.63
NP After MI And SOA / Share (Rs.)-0.92-0.65-0.5310.95-7.56
PBDIT Margin (%)7.197.1811.341.6011.22
PBIT Margin (%)4.563.947.65-2.716.32
PBT Margin (%)-1.99-2.150.91-7.27-8.29
Net Profit Margin (%)-2.18-2.12-2.0639.94-45.19
NP After MI And SOA Margin (%)-2.18-2.15-2.0343.00-32.12
Return on Networth / Equity (%)0.000.000.00-237.830.00
Return on Capital Employeed (%)17.1210.8021.91-12.61-8.07
Return On Assets (%)-2.59-1.95-1.6631.44-15.04
Long Term Debt / Equity (X)-3.47-4.54-3.87-2.14-0.65
Total Debt / Equity (X)-6.30-8.58-6.54-2.57-0.83
Asset Turnover Ratio (%)1.230.870.800.560.50
Current Ratio (X)0.580.570.600.420.37
Quick Ratio (X)0.140.130.110.120.24
Inventory Turnover Ratio (X)3.342.132.282.172.83
Interest Coverage Ratio (X)1.101.181.670.150.90
Interest Coverage Ratio (Post Tax) (X)0.660.650.68-0.670.52
Enterprise Value (Cr.)14752.8212705.746200.383108.421895.26
EV / Net Operating Revenue (X)1.641.981.100.630.42
EV / EBITDA (X)22.7127.509.6739.733.75
MarketCap / Net Operating Revenue (X)1.041.180.340.180.43
Price / BV (X)-10.65-12.45-2.95-1.04-0.65
Price / Net Operating Revenue (X)1.041.180.340.180.43
EarningsYield-0.02-0.01-0.052.30-0.73

Shree Renuka Sugars Ltd Profitability Ratios (%)

Shree Renuka Sugars Ltd Liquidity Ratios

Shree Renuka Sugars Ltd Liquidity Ratios (%)

Shree Renuka Sugars Ltd Interest Coverage Ratios (X)

Shree Renuka Sugars Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shree Renuka Sugars Ltd

Fair Value: ₹12.83

The stock is overvalued by 74.55% compared to the current price ₹50.4

*Investments are subject to market risks

Strength and Weakness of Shree Renuka Sugars Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.19 and average Dividend Yield of 3.95%.
  2. The stock has a low average Working Capital Days of -149.75, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -28.75, which is a positive sign.
  1. The stock has a low average ROCE of -18.50%, which may not be favorable.
  2. The company has higher borrowings (62.00) compared to reserves (-1,188.31), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (8.15) and profit (-85.38).

Should I Buy Shree Renuka Sugars Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shree Renuka Sugars Ltd:
    1. Net Profit Margin: -2.18%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.12% (Industry Average ROCE: 12.93%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 0.66
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.14
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 6.68)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: -6.30
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shree Renuka Sugars Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE