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Shree Renuka Sugars Limited
(RENUKA)
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Rating:39Underperform
Price Target:
₹16.50
▼(-24.55% Downside)
Action:Downgraded
Date:10/31/26
The score is driven down primarily by weak financial performance (persistent losses, negative equity, higher debt, and a sharp FY2026 cash flow reversal), reinforced by bearish technicals (below all key moving averages with negative MACD and very weak RSI/Stoch). Valuation provides limited offset because the negative P/E reflects ongoing losses and no dividend yield is available.
Positive Factors
Integrated business model
The integrated model supports multiple monetization paths from the same sugarcane feedstock, including sugar, ethanol and energy-related co-products. This diversification can reduce dependence on a single product and improve resource utilization across the processing cycle over the next several quarters.
Negative Factors
Stressed capital structure
Persistently negative equity and increasing debt create a structurally weak capital base, limiting financial flexibility and increasing refinancing exposure. This leverage burden can restrict investment, make downturns harder to absorb, and leave less capacity to fund operational improvement internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated business model
The integrated model supports multiple monetization paths from the same sugarcane feedstock, including sugar, ethanol and energy-related co-products. This diversification can reduce dependence on a single product and improve resource utilization across the processing cycle over the next several quarters.
Read all positive factors
Shree Renuka Sugars Limited (RENUKA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹36.93B
Dividend Yield3.19%
Average Volume (3M)662.49K
Price to Earnings (P/E)―
Beta (1Y)1.21
Revenue Growth-2.60%
EPS Growth-96.37%
CountryIN
Employees2,144
SectorGeneral
Sector StrengthN/A
IndustryAgricultural - Commodities/Milling
Share Statistics
EPS (TTM)-3.66
Shares Outstanding2,128,489,700
10 Day Avg. Volume600,523
30 Day Avg. Volume662,491
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)-2.19
Price to Sales (P/S)0.64
P/FCF Ratio-6.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Shree Renuka Sugars Limited Business Overview & Revenue Model
Company Description
Shree Renuka Sugars Limited manufactures and refines sugar in India and internationally. The company operates through Sugar-Milling, Sugar-Refinery, Trading, Co-Generation, Distillery, Engineering, and Other segments. The company offers white/refi...
How the Company Makes Money
RENUKA makes money primarily by selling sugar and by monetizing value-added co-products generated from sugarcane processing.
1) Sugar sales (core revenue stream)
- The company earns revenue from manufacturing/refining sugar and selling it to inst...
Shree Renuka Sugars Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 92.77B | 91.69B | 105.89B | 113.00B | 90.21B | 63.75B |
| Gross Profit | 15.00B | 11.54B | 16.34B | 13.18B | 8.24B | 4.26B |
| EBITDA | 3.57B | 1.56B | 6.41B | 6.37B | 7.10B | 4.62B |
| Net Income | -7.80B | -7.92B | -3.00B | -6.27B | -1.97B | -1.39B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 74.12B | 88.38B | 101.71B | 76.04B | 71.03B |
| Cash, Cash Equivalents and Short-Term Investments | 605.00M | 605.00M | 687.14M | 378.72M | 1.67B | 222.34M |
| Total Debt | 0.00 | 71.74B | 58.89B | 57.94B | 55.69B | 52.34B |
| Total Liabilities | 26.77B | 100.89B | 105.13B | 116.08B | 84.85B | 77.11B |
| Stockholders Equity | -26.77B | -26.77B | -16.75B | -14.38B | -8.81B | -6.08B |
Cash Flow | ||||||
| Free Cash Flow | 809.00M | -9.06B | 7.59B | 7.38B | 5.26B | -4.12B |
| Operating Cash Flow | 1.76B | -7.50B | 9.50B | 9.13B | 9.26B | -1.35B |
| Investing Cash Flow | -1.03B | -1.43B | -1.85B | -3.80B | -3.54B | -3.01B |
| Financing Cash Flow | -403.00M | 10.08B | -7.10B | -6.69B | -3.31B | 4.54B |
Shree Renuka Sugars Limited Technical Analysis
Negative
21.87
Price Trends
22.64
Negative
22.57
Negative
23.91
Negative
Market Momentum
-1.33
Positive
23.70
Positive
7.95
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RENUKA, the sentiment is Negative. The current price of 21.87 is above the 20-day moving average (MA) of 20.70, below the 50-day MA of 22.64, and below the 200-day MA of 23.91, indicating a bearish trend. The MACD of -1.33 indicates Positive momentum. The RSI at 23.70 is Positive, neither overbought nor oversold. The STOCH value of 7.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RENUKA.
Shree Renuka Sugars Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹32.00B | 15.68 | ― | 1.51% | -5.44% | -44.61% | |
59 Neutral | ₹107.00B | 22.97 | ― | 1.63% | 15.64% | -55.01% | |
57 Neutral | ₹124.82B | 32.13 | ― | 0.59% | 14.99% | -11.46% | |
56 Neutral | ₹41.26B | 21.02 | ― | 0.43% | -1.93% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹49.75B | 17.61 | ― | 1.22% | 4.78% | 29.94% | |
39 Underperform | ₹36.93B | -4.74 | ― | 3.19% | -2.60% | -96.37% |
* General Sector Average
IN:RENUKA
Shree Renuka Sugars Limited
17.35
-12.34
-41.56%
IN:BAJAJHIND
Bajaj Hindusthan Sugar Limited
17.27
-5.19
-23.11%
IN:BALRAMCHIN
Balrampur Chini Mills Ltd
589.90
131.82
28.78%
IN:DALMIASUG
Dalmia Bharat Sugar & Industries Ltd.
395.40
70.32
21.63%
IN:EIDPARRY
E.I.D.-Parry (India) Limited
601.25
-458.40
-43.26%
IN:TRIVENI
Triveni Engineering and Industries Limited
225.75
6.32
2.88%
Shree Renuka Sugars Limited Corporate Events
Shree Renuka Sugars Faces Rs 7.5 Lakh Penalty in Auditor Re-appointment Case
Sep 26, 2026
Shree Renuka Sugars Limited has disclosed that the Regional Director (South-Western Region), Ministry of Corporate Affairs, Bengaluru, has issued a compounding order under Section 441 of the Companies Act, 2013 for past non-compliance with Section...
Shree Renuka Sugars Revises AGM Notice, Upgrades Director Reappointment to Special Resolution
Sep 11, 2026
Shree Renuka Sugars has issued a corrigendum to the notice for its 30th Annual General Meeting, scheduled for 22 September 2026 via video conferencing, to update the classification and content of one of the agenda items. The company clarified that...
India Ratings Downgrades Shree Renuka Sugars on Weaker Earnings Outlook
Aug 25, 2026
India Ratings and Research has downgraded Shree Renuka Sugars’ non-convertible debentures and long-term bank loan facilities to ‘IND A-’ with a Negative Outlook, and its short-term bank loan facilities to ‘IND A2+’, r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.