Shree Renuka Sugars Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

In 1998, Vidya and Narendra Murkumbi established Shree Renuka Sugars. It is one of India’s leading producers of sugar and has its headquarters in Belagavi, Karnataka. Renuka Sugars Ltd has an introduced limit of 4000 tons/day for refined sugar and 600 kiloliter/dayon ethanol creation. Laid out in 1995, Shree Renuka Sugars Ltd attempts the creation and refining sugar, ethyl liquor and ethanol as well as age and promoting of force.

Shree Renuka Sugars Share Price Target 2024-2030

Shree Renuka Sugars Limited is one of the main sugar makers in India. The company is a significant participant in the sugar industry and has significant stakes in ethanol production and energy generation. This one of a kind assessment gives projections for Shree Renuka Sugars rate charge from 2024 to 2030, featuring key components impacting these objectives. In this article, we will take financial backers through the Shree Renuka Sugars Offer Value Target 2025 and from that point. Additionally, financial backers will go through the Shree Renuka Sugars Ltd financials to go with better choices.

Shree Renuka Sugars Share Price Target Today Update

Shree Renuka Sugars’ rate expense dreams from 2024 to 2030 outline its ability for supported development and worth appearance in India’s sugar and ethanol areas. Shree Renuka Sugars is well-positioned to capitalize on expanding opportunities and effectively navigate market irritating situations thanks to its strong focus on innovation, market expansion, and operational excellence. When evaluating funding options in the dynamic sugar and ethanol industries, investors and stakeholders can consider these projections and the company’s strategic responsibilities.

Shree Renuka Sugars Latest News

• When compared to Wednesday’s closing price of Rs 45.35 per share, the Shree Renuka Sugars share price increased by a negligible 1.21 percent to Rs 45.90.
• The RENUKA NSE stock has experienced a number of ups and downs over the past year, so it has not been able to maintain a steady upward trend on the stock exchange.

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Shree Renuka Sugars Business Profile

SRSL is only a piece of Wilmar Sugar Possessions Pte Limited that is totally constrained by Wilmar Gathering’s Wilmar International Limited as the main parent organization. It operates integrated sugar factories and port-based refineries in India, with a focus on the sugar, EEG-based biofuel, and power systems industries.

• Integrated Sugar Mill: The six sugar mills that the company operates in Karnataka and Maharashtra are used to process sugarcane into sugar, ethanol, power, and organic manures. It has an all out pounding limit of 7.1 million tons for each annum or 37,500 tons consistently and a refinery limit of 930 thousand liters each day (KLPD).
• Expansion: The organization will twofold its refinery limit from 720 KLPD up to 1,400 KLPD by FY2024, where 1,250 KLPD will be accessible by Q4FY23. Rs. 700 crore of capital expense will be obtained by the company from obligation side at Rs. 590 crore and equilibrium as new value.
• Debt Levels: In the financial year 2023, the company’s outstanding loans increased to $5,569 million. This has been finished to back the refinery capital consumption needs and furthermore because of expanded working capital necessities. Apparently the organization has a deficit of assets, all things considered in light of the fact that they need to give offers to diminish credit equilibrium and money their extension objectives.
• Borrowings: Wilmar Sugar Holdings Pte. in FY21 Ltd (Parent Co.) has invested Rs 185 crore in preference shares and $300 million in a commercial loan from the outside. The company will use this money for working capital limits, total redemption of unsustainable debt instruments like NCDs, OCPSs, and RPSs, and prepayment of all term loans that are categorized as NPAs.
• Commencement: The organization began the charging system for its extended creation limit of ethanol at Athani and Munoli plants on the thirteenth day of February 2023, going from 300KPLD to 450KPLD and 120KPLD to 500KPLD separately.
• Sugar Refineries: The organization has two sugar processing plants in view of the port with a refining limit of 1.7 MTPA.

Product

1. Sugar-The brand that is utilized for Madhur Sugars, a maker of White Refined Sugar, is simply limited to assembling and selling the said sugar, known as Madhur Sugars Organization.
2. Ethanol- Ethyl alcohol, or ethanol, is a byproduct of sugar production that the company sells to the chemical and alcoholic industries, as well as auto fuel. Besides, the firm at its refineries makes three grades of ethanol in particular Outright Liquor, Amended Soul and Additional Nonpartisan Liquor.
3. Power-The company uses bagasse, a sugarcane byproduct, to make green energy, which it sells to Indian electric power companies and uses internally.
4. Bhumadur Organic Manure-The organization creates a natural fertilizer called Bhumadur from sugar press mud and refinery squander; this compost comprises of a huge amount of natural matter, micronutrients, macronutrients and valuable microorganisms.

Shree Renuka Sugars Fundamentals & Quarterly Results

Market Cap	₹ 9,057 Cr.
Current Price	₹ 42.6
High / Low	₹ 57.2 / ₹ 39.3
Stock P/E
Book Value	₹ -5.59
Dividend Yield	0.00 %
ROCE	9.41 %
ROE
Face Value	₹ 1.00
Debt to equity
Debt Capacity	-0.55
Debt preceding year	₹ 5,234 Cr.
Debt	₹ 5,198 Cr.
Reserves	₹ -1,402 Cr.
EPS	₹ -2.22
EPS last year	₹ -0.93
Pledged percentage	0.00 %
FCF Prev Ann	₹ -410 Cr.
EVEBITDA	18.7
Industry PE	11.8
PEG Ratio
Piotroski score	7.00
Earnings yield	3.53 %

Shree Renuka Sugars Quarterly Results

Financial	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	2,014	2,173	1,953	2,188	2,552	2,328	2,284	2,555	3,014
Expenses	1,843	1,898	1,901	2,142	2,344	2,070	2,213	2,491	2,822
Operating Profit	171	274	52	46	207	259	71	64	192
OPM %	9%	13%	3%	2%	8%	11%	3%	2%	6%
Other Income	11	18	17	16	12	42	71	10	48
Interest	91	100	124	134	144	190	214	217	244
Depreciation	48	52	58	60	60	60	64	64	69
Profit before tax	44	141	-113	-132	15	50	-137	-207	-74
Tax %	0%	-13%	-1%	-7%	4%	12%	-1%	1%	-133%
Net Profit	43	159	-114	-142	14	45	-139	-206	-172
EPS in Rs	0.20	0.73	-0.53	-0.66	0.07	0.20	-0.65	-0.96	-0.81

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CAGR Report

Metric	10 Years	5 Years	3 Years	TTM (Trailing Twelve Months)
Compounded Sales Growth	-1%	8%	23%	15%
Compounded Profit Growth		14%		-465%
Stock Price CAGR	7%	33%	49%	-4%
Return on Equity

Shree Renuka Sugars Shareholding Pattern

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter Holding (%)	62.48%	62.48%	62.48%	62.48%	62.48%	62.48%	62.48%
FII Holding (%)	4.08%	4.19%	4.34%	2.93%	3.16%	3.22%	3.36%
DII Holding (%)	10.50%	10.44%	10.10%	10.10%	10.12%	10.10%	10.08%
Public Holding (%)	22.94%	22.88%	23.07%	24.49%	24.23%	24.20%	24.06%
No. of Shareholders	4,57,212	4,79,495	5,00,858	5,15,823	6,03,707	6,78,153	7,14,811

Shree Renuka Sugars Share Price Target 2024-2030

Year	Minimum Target	Maximum Target
2024	₹52	₹68
2025	₹70	₹86
2026	₹89	₹106
2027	₹115	₹133
2028	₹146	₹162
2029	₹180	₹193
2030	₹200	₹239

Shree Renuka Sugars Share Price Target 2025

Month	Target
January	55
February	44
March	40
April	42
May	47
June	51
July	57
August	61
September	64
October	67
November	66
December	70

Shree Renuka Sugars Share Price Target 2026

Month	Target
January	74
February	64
March	60
April	58
May	62
June	67
July	70
August	75
September	80
October	82
November	85
December	89

Shree Renuka Sugars Share Price Target 2027

Month	Target
January	95
February	90
March	78
April	82
May	87
June	91
July	94
August	99
September	105
October	110
November	109
December	115

Shree Renuka Sugars Share Price Target 2028

Month	Target
January	125
February	114
March	100
April	102
May	110
June	114
July	124
August	130
September	137
October	140
November	142
December	146

Shree Renuka Sugars Share Price Target 2029

Month	Target
January	155
February	148
March	140
April	143
May	147
June	154
July	160
August	165
September	171
October	173
November	176
December	180

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Shree Renuka Sugars Share Price Target 2030

Month	Target
January	185
February	177
March	170
April	172
May	174
June	176
July	180
August	187
September	184
October	190
November	194
December	200

Points Before Investing in Shree Renuka Sugars NSE Stock

• With a market capitalization of Rs 9.971 crores, Shree Renuka Sugars is one of India’s leading sugar producers.
• However, Renuka Sugars’ rivals EID Parry, Balrampur Chini, and Triveni Engg pose a significant obstacle going forward.
• In September 2023, Shree Renuka Sugars gained the Anamika Sugar Plants at the cost of Rs 235 crores for 100 percent of the organization.
• This procurement further supported the limit of the Shree Renuka Sugar Plants and furnished the organization with an edge over different rivals on the lookout.
• When compared to RENUKA NSE’s revenue of Rs 64.33 billion in 2022, Shree Renuka Sugar Ltd.’s revenue for the fiscal year 2023 stands at Rs 90.21 billion, an increase of 40.23 percent.
• This demonstrates that the business was able to accelerate its business growth in the most recent fiscal year.
• Shree Renuka Sugar’s overall gain in the monetary year 2023 exhibits a frustrating picture as far as its functional proficiency and powerlessness to deal with savvy measures.

Final Words

Over the course of its 20 years of trading, Shree Renuka Sugar’s share price history reveals a very inconsistent trajectory on the National Stock Exchange. Renuka Sugars Limited holds a benefit over its rivals yet at the same time, its stock hasn’t had the option to stay steady. The financial backers probably gone through a great deal of difficult stretches for the organization. The stock’s most elevated point was 120.65 per share on January eighth, 2010. From that point forward, the Shree Renuka Sugars Offer Cost has been continually falling and seen its absolute bottom.