Renuka Sugars is a well-known company in the world. The company is one of the largest company of sugar-producing in the world and one of the leading companies in the sugar industry. By market cap Renuka Sugars is the largest company in the sugar industry as of August 2023. As the use of sugar is increasing day by day we can see a big Renuka Sugars share price target in the future.
As the company’s one of the largest and leading companies by market cap in India. But there are also many problems in the financials of the company like high PE, ROE at 0, and many more we shared below.
Over the last 3.5 years, the stock went up to 500% up side which means if someone booked profit at high then the return can be near 500%. But it is almost near impossible to book profit at the high of the stock price. Still, the stock is given approx 300% return from its breakout area of April 2021.
Related Posts:
- Deepak Nitrite share price target 2023, 2024, and 2025
- IOC share price target 2023, 2024, and 2025
- Reliance share price target 2023, 2024, and 2025
About Renuka Sugars
Shree Renuka Sugars Ltd also known as Renuka Sugars, is an Indian company founded in 1995. It is one of the leading sugar companies in India and one of the largest sugar companies in the world.
Renuka Sugars is involved in the business of sugar production and sugar refining. In sugar refining and production, the company is one of leading the companies in the world. By market cap the sugar industry the Renuka Sugars company rans at no. 1 as of now 2 September 2023.
They have 4 products on which they work i.e. Sugar, Ethanol, Power, Organic Manure. You can check the information about these products on their official website with the latest information.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, It is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the Renuka Sugars company were last updated on 2 September 2023. Check the latest data on any broker website or screener.
Revenue Growth (Last 5 Years)
| Year | Revenues (In Crores) |
|---|---|
| March 2019 | 4,470.34 |
| March 2020 | 4,647.42 |
| March 2021 | 5,611.14 |
| March 2022 | 6,209.14 |
| March 2023 | 8,686.20 |
Quarterly Results (Last 5 Years)
| Quarter | Total Income (In Rs. Cr.) |
|---|---|
| Jun 2022 | 1,919.70 |
| Sep 2022 | 2,129.50 |
| Dec 2022 | 2,483.50 |
| Mar 2023 | 2,281.20 |
| Jun 2023 | 2,214.50 |
Company Essentials
| Title | Value |
|---|---|
| MARKET CAP | Rs. 10,025.19 Cr |
| ENTERPRISE VALUE | Rs. 14,127.44 Cr. |
| NO. OF SHARES | 212.85 Cr. |
| P/E | 0 |
| P/B | 0 |
| FACE VALUE | Rs. 1 |
| DIV. YIELD | 0 % |
| BOOK VALUE (TTM) | Rs. -3.56 |
| CASH | Rs. 28.90 Cr. |
| DEBT | Rs. 4,131.15 Cr. |
| EPS (TTM) | Rs. -0.64 |
| SALES GROWTH | 10.51 % |
| ROE | 0 % |
| ROCE | 14.73 % |
| PROFIT GROWTH | 103.20 % |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 2.93 % |
| DII | 10.1 % |
| Public | 24.48 % |
| Promoters | 62.48 % |
| Other Holders | 0.0 % |
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
Renuka Sugars Share Price Target
In the last 3-4 years the Renuka sugars stock has given approx 350% returns which is a very high return. Over the last few months, the Renuka sugars stock has been consolidating. This means the stock can move any side like it can go up or move down.
The fundamentals of the stock are not good there are some positive things as well as negative things too. promoter shareholding at 62.48%, enough cash for approx 20 days. On the other side, the PE and ROE are 0 which is not good. In the last 3 years, the revenue growth of the company is approx 12.55%.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your own analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
Shree Renuka Sugars share price target 2023
Renuka Sugars’ stock price in a range for the last few months. If it gives a range breakout then we can see 8 – 10% upside from the current price. As the stock is near its resistance and trying to break for a long time. As a result, the resistance is now weak and can be broken very easily.
There is also a chance that the Shree Renuka Sugars stock can give a breakdown and if it gives a breakdown from the above-given support then we can see a fall in the stock for some time.
Renuka Sugars share price target 2024 and 2025
As we mentioned above the Renuka Sugar company’s fundaments are not good. So, if you are an investor who doesn’t want to take any risk then avoid the stock until everything is good in the financials of the company.
According to the business model, the company looks very attractive and has given good returns in the past few years. Do not invest in any stock based on its previous returns.
FAQs
Renuka Sugars is one of the leading companies in the sugar industry in India and the world too. As the company is also work in many products. But the problem is that the finances are not looking very strong.
We shared a chart above, you’ll see in the chart that the Renuka Sugars stock is trading in the range from the last few months. Not it is at a level from where it can give a breakout or breakdown. If it gives a breakout it will go up and if it gives a breakdown it will fall.
No, Renuka Sugars is not DEBT free. As of 2 September, there are approx Rs. 4,131.15 Cr DEBT on the company.
Final Words: There is no doubt that Shree Renuka Sugars has given a massive return in the last few years. As of now, the stock has been consolidating for the last few months and there are also many things in the fundamentals of the company which is no good for long-term investing. So, do your own research before investing if you want to invest.