Shree Renuka Sugars

532670 RENUKA Group (A) BSE data


Shree Renuka Sugars Limited is an India-based company. It is an integrated manufacturing company with a focus on sugar, bio fuels and its allied products of renewable energy. The products of the Company include sugar, power, ethanol and bio fertilizers. In February 2008, the Company announced that it has set up a subsidiary company namely, Shree Renuka Energy Ltd for further investments in the power cogeneration business. In July 2008, the Company announced that it formed a new company, Shree Renuka Agri Ventures Ltd, as its 100% subsidiary. In October 2008, the Company acquired an 87% shareholding in Gokak Sugars Ltd. In December 2008, Shree Renuka Sugars Limited announced that it had set up a subsidiary company, SRSL Ethanol Limited for setting up of an integrated sugar and ethanol plant in the state of Maharashtra.

Last traded	86.45	Change	2.15 (2.55%)
Time	17 Feb, 10:19:14	Volume	288,691
Prev Close	84.3	Day's H/L (Rs)	86.7 - 83.3
Mkt Cap (Rs Cr)	2,334.15	52wk H/L (Rs)	142.20 - 41.30

Shree Renuka Sugars
Report card

PE ratio	27.00	13/02/09
EPS (Rs)	3.36	Sep, 08
Sales (Rs crore)	354.10	Dec, 08
Face Value (Rs)	1
Net profit margin (%)	5.27	Sep, 08
Last dividend (%)	20	14/11/08
Return on average equity	15.08	Sep, 08

Shree Renuka Sugars

Balance sheet

(Rs crore)

	Sep ' 08	Sep ' 07	Sep ' 06	Sep ' 05	Sep ' 04
Sources of funds
Owner's fund
Equity share capital	27.60	24.81	23.81	20.00	14.71
Share application money	23.09	6.26	-	-	-
Preference share capital	-	-	-	-	0.85
Reserves & surplus	589.26	304.68	198.63	43.72	15.71
Loan funds
Secured loans	827.58	621.09	354.44	83.87	78.52
Unsecured loans	159.76	25.91	16.69	2.39	11.88
Total	1,627.29	982.74	593.57	149.98	121.67
Uses of funds
Fixed assets
Gross block	778.87	631.37	162.96	140.32	122.33
Less : revaluation reserve	-	-	-	-	-
Less : accumulated depreciation	87.72	69.06	43.60	34.82	26.13
Net block	691.16	562.30	119.35	105.50	96.20
Capital work-in-progress	513.95	207.73	331.29	7.62	-
Investments	150.57	16.76	0.55	0.55	0.01
Net current assets
Current assets, loans & advances	572.04	355.75	266.18	220.65	107.38
Less : current liabilities & provisions	302.04	161.92	131.37	184.41	82.04
Total net current assets	270.00	193.84	134.81	36.24	25.34
Miscellaneous expenses not written	1.61	2.11	7.58	0.07	0.12
Total	1,627.29	982.74	593.57	149.98	121.67
Notes:
Book value of unquoted investments	119.93	16.10	-	0.55	0.01
Market value of quoted investments	27.69	-	-	-	-
Contingent liabilities	44.50	148.50	192.37	18.41	-
Number of equity sharesoutstanding (Lacs)	2759.63	248.10	238.10	200.00	147.07

Shree Renuka Sugars

Quarterly results in brief

(Rs crore)

	Dec ' 08	Sep ' 08	Jun ' 08	Mar ' 08	Dec ' 07
Sales	354.10	548.70	612.00	487.50	202.30
Operating profit	56.70	49.30	70.90	62.90	35.20
Interest	29.00	19.00	21.70	18.50	9.30
Gross profit	28.90	29.90	46.30	52.40	21.60
EPS (Rs)	0.37	0.44	0.85	1.13	1.01

Quarterly results in details

	Dec ' 08	Sep ' 08	Jun ' 08	Mar ' 08	Dec ' 07
Other income	1.20	-0.40	-2.90	8.00	-4.30
Stock adjustment	-226.40	231.50	45.10	-174.20	-100.00
Raw material	430.90	195.70	434.70	496.90	213.60
Power and fuel	-	-	-	-	-
Employee expenses	12.40	7.30	8.10	10.30	8.40
Excise	15.80	-	-	15.70	10.60
Admin and selling expenses	-	-	-	-	-
Research and development expenses	-	-	-	-	-
Expenses capitalised	-	-	-	-	-
Other expenses	64.70	64.90	53.20	75.90	34.50
Provisions made	-	-	-	-	-
Depreciation	13.40	9.70	9.90	8.90	8.00
Taxation	5.40	8.10	13.40	13.10	4.60
Net profit / loss	10.10	12.10	23.00	30.40	27.20
Extra ordinary item	-	-	-	-	18.20
Prior year adjustments	-	-	-	-	-
Equity capital	27.60	27.60	27.00	27.00	27.00
Equity dividend rate	-	-	-	-	-
Agg.of non-prom. shares (Lacs)	1605.55	1605.55	1605.55	160.56	160.76
Agg.of non promotoholding (%)	58.18	59.47	59.47	59.47	59.55
OPM (%)	16.01	8.98	11.58	12.90	17.40
GPM (%)	8.13	5.45	7.60	10.58	10.91
NPM (%)	2.84	2.21	3.78	6.14	13.74

Shree Renuka Sugars

FINANCIAL RESULTS

For more information on the financials click the following links

Un-audited Consolidated and Standalone Financial statements and Segment Results for the Quarter ending 31st December, 2008

Audited Consolidated, Standalone and Segmental Financial results for the year ending September 30, 2008

Un-audited Consolidated and Standalone Financial statements and Segment Results for the Quarter ending 30th June, 2008