Shree Renuka Sugars Limited (RENUKA) AI Stock Analysis

Shree Renuka Sugars Limited

(NSE:RENUKA)

Select Model

Rating:38Underperform

Price Target:INR 16.50▼(-4.90% Downside)

Action:downgraded

Date:10/31/26

The score is mainly weighed down by the company's poor financial performance, including persistent losses and negative equity. Weak technical indicators and unfavorable valuation metrics further contribute to the low score.

Positive Factors

Integrated business modelThe 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 structurePersistently 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.

Shree Renuka Sugars Limited (RENUKA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 36.93B
Dividend Yield: ―
Average Volume (3M): 1.12M
Price to Earnings (P/E): -4.7
Beta (1Y): 1.21
Revenue Growth: -2.60%
EPS Growth: -96.37%
Country: India
Employees: 2,144
Sector: General
Sector Strength: 55
Industry: Agricultural - Commodities/Milling

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/refined...

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 institut...

Shree Renuka Sugars Limited Financial Statement Overview

Summary

Mixed income statement with revenue declines and net losses, severely weak balance sheet with negative equity and high debt, and volatile cash flows indicating liquidity risks.

Income Statement

25Negative

Balance Sheet

10Very Negative

Cash Flow

20Very Negative

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price17.35

Price Trends

50DMA22.64Negative

100DMA22.57Negative

200DMA23.91Negative

Market Momentum

MACD-1.33Positive

RSI23.70Positive

STOCH7.95Positive

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 17.35 is below 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RENUKA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:DALMIASUG	57Neutral	INR 32.00B	15.68	―	1.51%	-5.44%	-44.61%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BALRAMCHIN	52Neutral	INR 124.82B	32.13	―	0.59%	14.99%	-11.46%
IN:EIDPARRY	47Neutral	INR 107.00B	22.97	―	―	15.64%	-55.01%
IN:BAJAJHIND	46Neutral	INR 41.26B	21.02	―	―	-1.93%	―
IN:TRIVENI	45Neutral	INR 49.75B	17.61	―	1.22%	4.78%	29.94%
IN:RENUKA	38Underperform	INR 36.93B	-4.74	―	―	-2.60%	-96.37%

* General Sector Average

Performance Comparison

IN:RENUKA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
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 13...

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 It...

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+’, refl...

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.

Date of analysis: Oct 31, 2026

Shree Renuka Sugars Limited AI Stock Analysis