Shree Renuka Sugars (RENUKA) is loss-making over the last 12 months, losing ₹605 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹18.19, 40% below its 52-week high. Sales grew 0.6% a year over 3 years. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹6,878 Cr. It is a small-cap company with a market cap of ₹3,872 Cr, ranked 5th of 37 Confectioners companies by market cap; the shares fell 36% over the past year.
- ₹18.59
- ₹18.61
- ₹17.99
- ₹18.62
- 47.3 L
Health check
- ReturnsBehind
−36.3% over a year, better than 0 of 7 peers.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthUnder pressure
Sales +0.6% a year over 3 years, but loss-making now.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹3,872 Cr
- Small cap
- P/E
- n/a
- Industry 15.1
- Price to book
- −1.23
- Peers 1.58
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers 8.0%
- ROCE
- −27.3%
- Peers 10.3%
- Debt to equity
- n/a
- Debt ₹6,878 Cr
- EPS (TTM)
- −₹2.84
- Face value ₹1
- OPM (TTM)
- 4.5%
- Net margin −7.0%
- Sales growth
- −23.6%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.45
- EV/EBITDA 25.1
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Negative net worth: liabilities exceed assets.
- Quarterly sales down 23.6% on a year ago.
- 40% below its 52-week high.
- Interest coverage of only 0.1×.
About Shree Renuka Sugars
Shree Renuka Sugars Limited manufactures, refines, and trades in sugar in India and internationally. It operates through Sugar-Milling, Sugar-Refinery, Trading, Co-Generation, Distillery, Engineering, and Other segments. The company offers white refined sugar under the Madhur Pure & Hygienic Sugar brand for the beverages, biscuit and snack, and confectionary companies; ethanol products, including absolute alcohol for fuel blending, extra neutral alcohol,…
- Headquarters
- Belgaum
- Employees
- 2,144
- Sector
- Consumer Defensive
- ISIN
- INE087H01022
- Website
- renukasugars.com
Price range
- Avg volume (3M)
- 1.8 Cr
- 1-year return
- minus 36.3%
- From 52-week high
- minus 40.0%
Peers · Confectioners
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BALRAMCHINBalrampur Chini Mills | 670.30 | minus 1.21% | 14,186 | 32.9 | 2.98 | 11.8% | 9.7% | 11.7% | 10.4% | 10.0% | 0.60% | plus 50.8% |
| TRIVENITriveni Engineering & Industries | 240.01 | minus 1.29% | 5,289 | 15.1 | 1.58 | 12.1% | 8.3% | 8.5% | 4.0% | −46.9% | 1.15% | minus 32.1% |
| BAJAJHINDBajaj Hindusthan Sugar | 18.59 | minus 1.64% | 4,441 | 15.1 | 4.41 | 1.7% | 6.4% | 5.1% | −4.4% | – | 0.00% | minus 13.9% |
| BANARISUGBannari Amman Sugars | 3,195.70 | minus 7.23% | 4,007 | 32.9 | 2.09 | 8.7% | 8.0% | 9.3% | −8.8% | 1.0% | 0.39% | minus 4.3% |
| RENUKAShree Renuka Sugars | 18.19 | minus 2.31% | 3,872 | – | −1.23 | −27.3% | – | −0.5% | 0.6% | – | 0.00% | minus 36.3% |
| DALMIASUGDalmia Bharat Sugar and Industries | 477.50 | plus 0.16% | 3,865 | 19.0 | 1.20 | 9.6% | 7.3% | 10.8% | 3.7% | −1.8% | 1.26% | plus 40.9% |
| AVADHSUGARAvadh Sugar & Energy | 824.35 | minus 6.17% | 1,650 | 25.0 | 1.47 | 10.3% | 5.1% | 8.3% | −1.2% | −17.0% | 1.14% | plus 107.3% |
| UTTAMSUGARUttam Sugar Mills | 359.60 | plus 0.49% | 1,371 | 15.2 | 1.56 | 17.3% | 12.0% | 9.4% | 2.2% | −6.7% | 0.70% | plus 46.2% |
| Median of 7 peers | – | −1.29% | 4,007 | 19.0 | 1.58 | 10.3% | 8.0% | 9.3% | 2.2% | −4.3% | 0.70% | 40.9% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 2,008 | 2,120 | 2,547 | 2,118 | 1,901 | |
| 2,086 | 1,997 | 2,446 | 1,993 | 1,855 | |
| −78.1 | 122 | 101 | 125 | 45.9 | |
| −3.9% | 5.8% | 4.0% | 5.9% | 2.4% | |
| 0.7 | 2.3 | 90.9 | −15.1 | 121 | |
| 193 | 179 | 181 | 182 | 179 | |
| 72.3 | 73.6 | 72.9 | 68.7 | 69.3 | |
| 1.2 | 151 | −90.9 | −176 | −121 | |
| −341 | 23.6 | −153 | −316 | −202 | |
| 22.8% | 261.4% | 20.8% | 20.4% | 4.0% | |
| −263 | −38.3 | −122 | −251 | −193 | |
| -1.24 | -0.18 | -0.57 | -1.18 | -0.91 |
Profit & loss
- Sales CAGR 3Y
- +0.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9,007 | 11,300 | 10,589 | 9,160 | |
| – | +25.5% | minus 6.3% | minus 13.5% | |
| 8,287 | 10,558 | 10,178 | 9,089 | |
| 720 | 742 | 411 | 71.4 | |
| 8.0% | 6.6% | 3.9% | 0.8% | |
| −61 | −102 | −72.4 | −69.7 | |
| 559 | 833 | 724 | 652 | |
| 238 | 266 | 280 | 292 | |
| −41.7 | −3.6 | 303 | 69.7 | |
| −180 | −462 | −363 | −872 | |
| −9.5% | −35.8% | 17.3% | 9.2% | |
| −197 | −627 | −300 | −792 | |
| -0.93 | -2.95 | -1.41 | -3.72 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 213 | 213 | 213 | 213 | |
| −1,094 | −1,651 | −1,888 | −2,890 | |
| 5,569 | 5,794 | 5,889 | 7,174 | |
| 2,917 | 5,815 | 4,624 | 2,915 | |
| 7,604 | 10,171 | 8,838 | 7,412 | |
| 4,415 | 4,473 | 4,372 | 3,946 | |
| 119 | 54.8 | 22.3 | 27.8 | |
| 42.4 | 34.3 | 41.5 | 50 | |
| 167 | 37.9 | 68.7 | 47.1 | |
| 2,861 | 5,571 | 4,333 | 3,342 | |
| 7,604 | 10,171 | 8,838 | 7,412 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 926 | 913 | 950 | −122 | |
| −354 | −380 | −185 | −130 | |
| −332 | −669 | −710 | 367 | |
| 240 | −136 | 56.1 | 115 | |
| −400 | −175 | −191 | −156 | |
| 526 | 738 | 759 | −278 |
Shareholding pattern
- Promoters62.48%
- Public37.52%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 62.48% | 37.52% | 0.00 | |
| 30 Jun 2026 | 62.48% | 37.52% | 0.00 | |
| 31 Mar 2026 | 62.48% | 37.52% | 0.00 | |
| 31 Dec 2025 | 62.48% | 37.52% | 0.00 | |
| 30 Sep 2025 | 62.48% | 37.52% | – |
Major shareholders
Filings & events
News
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