- Introduction to Shree Renuka Sugars Limited
- Fundamental Analysis of Shree Renuka Sugars Limited
- Financial Data Analysis
- Current Market Performance
- Past Performance Overview
- Shree Renuka Sugars Share Price Target 2024
- Shree Renuka Sugars Share Price Target 2025
- Shree Renuka Sugars Share Price Target 2026
- Shree Renuka Sugars Share Price Target 2027
- Shree Renuka Sugars Share Price Target 2030
- Peer Comparison
- Investor Types and Shareholding Ratios
- Advantages and Disadvantages of Investing in Shree Renuka Sugars
- FAQs
- Conclusion
Investing in shares requires thorough research and understanding of a company’s performance, market trends, and future prospects. Shree Renuka Sugars Limited, one of India’s largest sugar and ethanol producers, has been a significant player in the market. In this blog, we will delve into the financial growth, business policies, shareholding patterns, and expert forecasts to provide a detailed analysis of Shree Renuka Sugars Share Price Target for 2024 to 2030.
Introduction to Shree Renuka Sugars Limited
Shree Renuka Sugars Limited, established in 1998, has become a leading name in the sugar and ethanol industry in India. With its headquarters in Mumbai, the company operates eight sugar mills and two large port-based refineries. The company’s significant contributions to the green energy sector through ethanol production have made it a key player in India’s renewable energy initiatives.
Fundamental Analysis of Shree Renuka Sugars Limited
Fundamental analysis is essential to understand the long-term prospects of a company. Here’s a brief overview of Shree Renuka Sugars Limited’s fundamental aspects:
| Parameter | Details |
| Company Name | Shree Renuka Sugars Limited |
| Market Cap | ₹10,925.45 Crore |
| P/B Ratio | 0 |
| Face Value | ₹1 |
| Book Value | ₹-5.36 |
| 52 Week High | ₹57.50 |
| 52 Week Low | ₹36.55 |
| Dividend Yield | 0% |
This data indicates that the company has experienced significant market fluctuations, but its large market cap and extensive operations make it a noteworthy investment option.
Financial Data Analysis
A detailed financial analysis provides insights into the company’s operational efficiency and profitability. Below is a snapshot of Shree Renuka Sugars’ key financial ratios:
| Parameter | Value |
| PE Ratio | -19.80 |
| Return on Assets (ROA) | -1.87% |
| Current Ratio | 0.75 |
| Earnings Per Share (EPS) | -2.64 |
| Return on Equity (ROE) | 0% |
The negative PE ratio and ROA indicate challenges in profitability, but the company’s extensive assets and industry presence provide a foundation for potential future growth.
Current Market Performance
As of July 29, 2024, the current market performance of Renuka Sugars Share is notable. The stock is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Here’s a quick look at its recent performance:
| Date | NSE Rate | Opening Price | Highest Price |
| July 29, 2024 | ₹50.96 | ₹50.36 | ₹51.34 |
The stock has shown stability in its trading, with slight fluctuations indicating a steady investor interest.
Past Performance Overview
Understanding past performance helps investors gauge the stock’s potential future trajectory. Here’s a summary of Renuka Sugars’ performance over different time frames:
| Time Frame | Change | Percentage |
| Last 1 Month | +₹1.78 | 3.62% |
| Last 6 Months | +₹3.80 | 8.07% |
| Last 1 Year | +₹5.00 | 10.89% |
| Maximum Growth | +₹37.70 | 285.61% |
The company has shown consistent growth, particularly over longer periods, making it a potentially lucrative investment for those looking for long-term gains.
Shree Renuka Sugars Share Price Target 2024
Shree Renuka Sugars is expected to continue its growth in 2024. The company’s expansion in ethanol production and its strategic operations in key agricultural states are likely to contribute to its performance.
| Month | Share Price Target (₹) |
| July 2024 | ₹49.25 |
| August 2024 | ₹50.21 |
| September 2024 | ₹51.89 |
| October 2024 | ₹53.12 |
| November 2024 | ₹52.63 |
| December 2024 | ₹54.58 |
By the end of 2024, the share price is expected to reach ₹54.58, reflecting steady growth throughout the year.
Shree Renuka Sugars Share Price Target 2025
In 2025, Renuka Sugars is projected to maintain its upward trajectory, driven by its strong market position and government support for the ethanol blending program.
| Month | Share Price Target (₹) |
| January 2025 | ₹54.96 |
| February 2025 | ₹55.01 |
| March 2025 | ₹50.12 |
| April 2025 | ₹50.74 |
| May 2025 | ₹51.63 |
| June 2025 | ₹51.95 |
| July 2025 | ₹52.36 |
| August 2025 | ₹53.14 |
| September 2025 | ₹53.77 |
| October 2025 | ₹54.23 |
| November 2025 | ₹52.85 |
| December 2025 | ₹55.41 |
The share price is expected to end the year at ₹55.41, showing resilience and potential for continued growth.
Shree Renuka Sugars Share Price Target 2026
By 2026, the company’s focus on green energy and ethanol production is expected to yield positive results, although market fluctuations may cause some variability in share prices.
| Month | Share Price Target (₹) |
| January 2026 | ₹55.63 |
| February 2026 | ₹55.85 |
| March 2026 | ₹53.52 |
| April 2026 | ₹53.85 |
| May 2026 | ₹54.85 |
| June 2026 | ₹55.41 |
| July 2026 | ₹55.89 |
| August 2026 | ₹55.92 |
| September 2026 | ₹55.96 |
| October 2026 | ₹55.98 |
| November 2026 | ₹54.12 |
| December 2026 | ₹54.60 |
The year 2026 is expected to see a mix of ups and downs, with the share price stabilizing around ₹54.60 by December.
Shree Renuka Sugars Share Price Target 2027
In 2027, Shree Renuka Sugars is projected to continue its growth, benefiting from increased revenue and expanding operations.
| Month | Share Price Target (₹) |
| January 2027 | ₹54.85 |
| February 2027 | ₹54.98 |
| March 2027 | ₹55.23 |
| April 2027 | ₹55.89 |
| May 2027 | ₹56.23 |
| June 2027 | ₹56.74 |
| July 2027 | ₹56.85 |
| August 2027 | ₹56.96 |
| September 2027 | ₹57.41 |
| October 2027 | ₹56.65 |
| November 2027 | ₹57.12 |
| December 2027 | ₹57.56 |
By the end of 2027, the share price is expected to rise to ₹57.56, demonstrating consistent growth over the years.
Shree Renuka Sugars Share Price Target 2030
Looking ahead to 2030, Shree Renuka Sugars is anticipated to experience significant growth, driven by its robust operations and strategic investments in the green energy sector.
| Month | Share Price Target (₹) |
| January 2030 | ₹58.12 |
| February 2030 | ₹58.36 |
| March 2030 | ₹58.74 |
| April 2030 | ₹59.12 |
| May 2030 | ₹59.74 |
| June 2030 | ₹60.12 |
| July 2030 | ₹60.85 |
| August 2030 | ₹61.23 |
| September 2030 | ₹61.65 |
| October 2030 | ₹62.12 |
| November 2030 | ₹62.85 |
| December 2030 | ₹63.50 |
By 2030, Shree Renuka Sugars’ share price is expected to reach approximately ₹63.50, reflecting substantial long-term growth potential.
Peer Comparison
A comparison with peers is essential to understand where Shree Renuka Sugars stands in the industry. Here’s a brief comparison:
| Company | Market Cap (₹ Cr) | P/E Ratio | ROE (%) |
| Shree Renuka Sugars | 10,925.45 | -19.80 | -1.87 |
| Balrampur Chini Mills | 8,130.62 | 11.39 | 15.74 |
| EID Parry | 9,023.74 | 5.68 | 8.72 |
| Dhampur Sugar Mills | 3,925.47 | 9.57 | 11.45 |
Despite its challenges, Shree Renuka Sugars remains competitive, with a larger market cap than many of its peers.
Investor Types and Shareholding Ratios
Understanding the type of investors and their shareholding patterns is crucial for assessing market sentiment:
| Investor Type | Holding (%) |
| Promoters | 62.48% |
| Public | 29.86% |
| Foreign Institutional Investors (FIIs) | 5.24% |
| Mutual Funds | 1.25% |
| Others | 1.17% |
The high promoter holding indicates strong confidence in the company’s future, which is a positive sign for potential investors.
Advantages and Disadvantages of Investing in Shree Renuka Sugars
Advantages:
- Strong Market Position: As one of India’s leading sugar producers, Shree Renuka Sugars holds a significant market share.
- Green Energy Initiatives: The company’s focus on ethanol production aligns with global trends towards renewable energy.
- Government Support: Policies favoring ethanol blending and green energy provide a favorable environment for the company’s growth.
Disadvantages:
- Financial Challenges: Negative profitability ratios and fluctuating stock prices may concern risk-averse investors.
- Market Dependency: The company’s performance is heavily dependent on sugar prices, which are subject to market fluctuations.
Also Read: Ambuja Cement Share Price Target 2024, 2025, 2026, 2027, 2030: A Comprehensive Analysis
FAQs
Conclusion
Shree Renuka Sugars Limited presents a unique investment opportunity with its strong market presence and alignment with renewable energy initiatives. While the company faces challenges in profitability, its strategic focus on ethanol production and government backing make it a potential growth stock. Investors should consider both the opportunities and risks before making investment decisions.
Disclaimer: This blog is for educational purposes only and should not be considered as financial advice. Always consult with a SEBI-registered advisor before making any investment decisions.
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