New Risk • May 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹2.8b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹2.8b free cash flow). Negative equity (-₹27b). Earnings have declined by 27% per year over the past 5 years. Reported Earnings • May 11
Full year 2026 earnings released: ₹3.72 loss per share (vs ₹1.41 loss in FY 2025) Full year 2026 results: ₹3.72 loss per share (further deteriorated from ₹1.41 loss in FY 2025). Revenue: ₹93.1b (down 12% from FY 2025). Net loss: ₹7.92b (loss widened 164% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • May 02
Shree Renuka Sugars Limited to Report Q4, 2026 Results on May 08, 2026 Shree Renuka Sugars Limited announced that they will report Q4, 2026 results on May 08, 2026 Reported Earnings • Feb 06
Third quarter 2026 earnings released: ₹0.18 loss per share (vs ₹0.96 loss in 3Q 2025) Third quarter 2026 results: ₹0.18 loss per share (improved from ₹0.96 loss in 3Q 2025). Revenue: ₹23.0b (down 7.2% from 3Q 2025). Net loss: ₹383.0m (loss narrowed 81% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Jan 27
Shree Renuka Sugars Limited to Report Q3, 2026 Results on Feb 05, 2026 Shree Renuka Sugars Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Reported Earnings • Nov 07
Second quarter 2026 earnings released: ₹1.73 loss per share (vs ₹0.10 loss in 2Q 2025) Second quarter 2026 results: ₹1.73 loss per share (further deteriorated from ₹0.10 loss in 2Q 2025). Revenue: ₹24.6b (up 3.9% from 2Q 2025). Net loss: ₹3.69b (loss widened ₹3.46b from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Oct 29
Shree Renuka Sugars Limited to Report Q2, 2026 Results on Nov 06, 2025 Shree Renuka Sugars Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Nov 06, 2025 Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Independent Director Siraj Hussain was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 08
Shree Renuka Sugars Limited, Annual General Meeting, Sep 23, 2025 Shree Renuka Sugars Limited, Annual General Meeting, Sep 23, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 08
First quarter 2026 earnings released: ₹1.24 loss per share (vs ₹0.78 loss in 1Q 2025) First quarter 2026 results: ₹1.24 loss per share (further deteriorated from ₹0.78 loss in 1Q 2025). Revenue: ₹20.2b (down 33% from 1Q 2025). Net loss: ₹2.63b (loss widened 59% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jul 25
Shree Renuka Sugars Limited to Report Q1, 2026 Results on Aug 07, 2025 Shree Renuka Sugars Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 15
Full year 2025 earnings released: ₹1.41 loss per share (vs ₹2.95 loss in FY 2024) Full year 2025 results: ₹1.41 loss per share (improved from ₹2.95 loss in FY 2024). Revenue: ₹110.4b (down 2.5% from FY 2024). Net loss: ₹3.00b (loss narrowed 52% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • May 01
Shree Renuka Sugars Limited to Report Q4, 2025 Results on May 14, 2025 Shree Renuka Sugars Limited announced that they will report Q4, 2025 results on May 14, 2025 Reported Earnings • Feb 12
Third quarter 2025 earnings released: ₹0.96 loss per share (vs ₹0.81 loss in 3Q 2024) Third quarter 2025 results: ₹0.96 loss per share (further deteriorated from ₹0.81 loss in 3Q 2024). Revenue: ₹26.4b (down 13% from 3Q 2024). Net loss: ₹2.04b (loss widened 18% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Feb 05
Shree Renuka Sugars Limited to Report Q3, 2025 Results on Feb 11, 2025 Shree Renuka Sugars Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Reported Earnings • Oct 29
Second quarter 2025 earnings released: ₹0.10 loss per share (vs ₹0.96 loss in 2Q 2024) Second quarter 2025 results: ₹0.10 loss per share (improved from ₹0.96 loss in 2Q 2024). Revenue: ₹25.8b (flat on 2Q 2024). Net loss: ₹223.0m (loss narrowed 89% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Oct 21
Shree Renuka Sugars Limited to Report Q2, 2025 Results on Oct 28, 2024 Shree Renuka Sugars Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Buy Or Sell Opportunity • Oct 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to ₹46.15. The fair value is estimated to be ₹57.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 28%. Buy Or Sell Opportunity • Aug 05
Now 21% undervalued Over the last 90 days, the stock has risen 6.9% to ₹45.49. The fair value is estimated to be ₹57.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 28%. Announcement • Aug 05
Shree Renuka Sugars Limited, Annual General Meeting, Sep 24, 2024 Shree Renuka Sugars Limited, Annual General Meeting, Sep 24, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 03
First quarter 2025 earnings released: ₹0.78 loss per share (vs ₹0.65 loss in 1Q 2024) First quarter 2025 results: ₹0.78 loss per share (further deteriorated from ₹0.65 loss in 1Q 2024). Revenue: ₹30.8b (up 35% from 1Q 2024). Net loss: ₹1.66b (loss widened 20% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Jul 29
Shree Renuka Sugars Limited to Report Q1, 2025 Results on Aug 02, 2024 Shree Renuka Sugars Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • May 30
Full year 2024 earnings released: ₹2.95 loss per share (vs ₹0.93 loss in FY 2023) Full year 2024 results: ₹2.95 loss per share (further deteriorated from ₹0.93 loss in FY 2023). Revenue: ₹113.7b (up 26% from FY 2023). Net loss: ₹6.27b (loss widened 218% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Announcement • May 25
Shree Renuka Sugars Limited to Report Q4, 2024 Results on May 29, 2024 Shree Renuka Sugars Limited announced that they will report Q4, 2024 results on May 29, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: ₹0.81 loss per share (vs ₹0.07 profit in 3Q 2023) Third quarter 2024 results: ₹0.81 loss per share (down from ₹0.07 profit in 3Q 2023). Revenue: ₹30.6b (up 20% from 3Q 2023). Net loss: ₹1.72b (down ₹1.87b from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 73% per year, which means it is well ahead of earnings. Announcement • Jan 30
Shree Renuka Sugars Limited to Report Q3, 2024 Results on Feb 09, 2024 Shree Renuka Sugars Limited announced that they will report Q3, 2024 results at 4:00 PM, Indian Standard Time on Feb 09, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: ₹0.96 loss per share (vs ₹0.66 loss in 2Q 2023) Second quarter 2024 results: ₹0.96 loss per share (further deteriorated from ₹0.66 loss in 2Q 2023). Revenue: ₹25.6b (up 17% from 2Q 2023). Net loss: ₹2.05b (loss widened 46% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
Shree Renuka Sugars Limited to Report Q2, 2024 Results on Nov 08, 2023 Shree Renuka Sugars Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Announcement • Oct 07
Shree Renuka Sugars Limited (NSEI:RENUKA) completed the acquisition of Anamika Sugar Mills Private Limited. Shree Renuka Sugars Limited (NSEI:RENUKA) entered into a into binding agreement to acquire Anamika Sugar Mills Private Limited for INR 2.4 billion on September 23, 2023. Shree Renuka Sugars will acquire 50.05 million shares at INR 47.05 per share. The transaction was approved by the Board of Directors of Shree Renuka Sugars. Anamika Sugar Mills generated turnover of INR 2.9 billion for the FY22-23. The transaction is expected to complete on or before October 15, 2023. Gautam Khaitan, Manish Jain, Praveen Alok of Khaitan & Co. acted as legal advisor to Shree Renuka Sugars.Shree Renuka Sugars Limited (NSEI:RENUKA) completed the acquisition of Anamika Sugar Mills Private Limited on October 6, 2023. Announcement • Sep 25
Shree Renuka Sugars Limited (NSEI:RENUKA) entered into a into binding agreement to acquire Anamika Sugar Mills Private Limited for INR 2.4 billion. Shree Renuka Sugars Limited (NSEI:RENUKA) entered into a into binding agreement to acquire Anamika Sugar Mills Private Limited for INR 2.4 billion on September 23, 2023. Shree Renuka Sugars will acquire 50.05 million shares at INR 47.05 per share. The transaction was approved by the Board of Directors of Shree Renuka Sugars. Anamika Sugar Mills generated turnover of INR 2.9 billion for the FY22-23. The transaction is expected to complete on or before October 15, 2023. Reported Earnings • Aug 12
First quarter 2024 earnings released: ₹0.65 loss per share (vs ₹0.53 loss in 1Q 2023) First quarter 2024 results: ₹0.65 loss per share (further deteriorated from ₹0.53 loss in 1Q 2023). Revenue: ₹23.5b (up 21% from 1Q 2023). Net loss: ₹1.38b (loss widened 22% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 12
Shree Renuka Sugars Limited, Annual General Meeting, Sep 25, 2023 Shree Renuka Sugars Limited, Annual General Meeting, Sep 25, 2023, at 11:00 Indian Standard Time. Announcement • Aug 05
Shree Renuka Sugars Limited to Report Q1, 2024 Results on Aug 11, 2023 Shree Renuka Sugars Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Reported Earnings • May 27
Full year 2023 earnings released: ₹0.93 loss per share (vs ₹0.65 loss in FY 2022) Full year 2023 results: ₹0.93 loss per share (further deteriorated from ₹0.65 loss in FY 2022). Revenue: ₹91.1b (up 42% from FY 2022). Net loss: ₹1.97b (loss widened 42% from FY 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 04
Shree Renuka Sugars Limited to Report Q4, 2023 Results on May 12, 2023 Shree Renuka Sugars Limited announced that they will report Q4, 2023 results on May 12, 2023 Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: ₹0.07 (vs ₹0.20 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.07 (down from ₹0.20 in 3Q 2022). Revenue: ₹25.5b (up 27% from 3Q 2022). Net income: ₹143.0m (down 67% from 3Q 2022). Profit margin: 0.6% (down from 2.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 16
First quarter 2023 earnings released: ₹0.53 loss per share (vs ₹1.13 loss in 1Q 2022) First quarter 2023 results: ₹0.53 loss per share (improved from ₹1.13 loss in 1Q 2022). Revenue: ₹19.5b (up 135% from 1Q 2022). Net loss: ₹1.13b (loss narrowed 53% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 83% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Siraj Hussain was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Additional Director Siraj Hussain was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 26
Shree Renuka Sugars Limited to Report Q3, 2023 Results on Feb 14, 2023 Shree Renuka Sugars Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Board Change • Aug 24
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Additional Director Arun Verma was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 10
First quarter 2023 earnings released: ₹0.53 loss per share (vs ₹1.13 loss in 1Q 2022) First quarter 2023 results: ₹0.53 loss per share (up from ₹1.13 loss in 1Q 2022). Revenue: ₹19.7b (up 137% from 1Q 2022). Net loss: ₹1.13b (loss narrowed 53% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 83% per year, which means it is well ahead of earnings. Reported Earnings • May 26
Full year 2022 earnings released: ₹0.65 loss per share (vs ₹0.57 loss in FY 2021) Full year 2022 results: ₹0.65 loss per share (down from ₹0.57 loss in FY 2021). Revenue: ₹65.0b (up 15% from FY 2021). Net loss: ₹1.39b (loss widened 21% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 63% per year, which means it is well ahead of earnings. Board Change • Apr 03
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Non-Executive Independent Director Priyanka Mallick was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: ₹0.20 (up from ₹0.66 loss in 3Q 2021). Revenue: ₹20.3b (up 46% from 3Q 2021). Net income: ₹428.0m (up ₹1.84b from 3Q 2021). Profit margin: 2.1% (up from net loss in 3Q 2021). Revenue missed analyst estimates by 7.2%. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Reported Earnings • Oct 30
Second quarter 2022 earnings released: ₹0.46 loss per share (vs ₹0.52 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: ₹14.5b (down 9.3% from 2Q 2021). Net loss: ₹972.0m (down 192% from profit in 2Q 2021). Reported Earnings • Aug 03
First quarter 2022 earnings released: ₹1.13 loss per share (vs ₹0.18 loss in 1Q 2021) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: ₹8.37b (down 38% from 1Q 2021). Net loss: ₹2.40b (loss widened ₹2.06b from 1Q 2021). Reported Earnings • Jun 27
Full year 2021 earnings released: ₹0.57 loss per share (vs ₹2.18 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: ₹56.9b (up 17% from FY 2020). Net loss: ₹1.15b (loss narrowed 73% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Reported Earnings • Feb 10
Third quarter 2021 earnings released: ₹0.66 loss per share (vs ₹0.95 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₹14.0b (up 41% from 3Q 2020). Net loss: ₹1.41b (loss narrowed 23% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 15% per year. Is New 90 Day High Low • Jan 25
New 90-day low: ₹9.00 The company is down 10.0% from its price of ₹9.95 on 27 October 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 9.0% over the same period.