Candied Profits: How Shree Renuka Sugars Yielded 479% Returns In 2 Years

If you had ₹1 lakh invested in Shree Renuka Sugars in November 2020, you could have had ₹5.79 lakhs today! This multibagger has given its investors 479% returns in 2 years. Here’s a sneak peek at the company.

🍦 Stock Name: Shree Renuka Sugars Ltd.
🍦 NSE: $RENUKA

⭐ About The Company
Founded on October 25, 1995, Shree Renuka Sugars Limited is the flagship company of Wilmar Sugar Holdings Pte Ltd. Headquartered in Karnataka, the company deals with the manufacturing, refining and sale of sugar. It also deals with the production of ethanol and other bio-energy products.

🌍 Global Presence
Shree Renuka Sugars has established a nationwide presence with 7 sugar mills located in the Western and Southern parts of India. The company has power plants in 3 areas, namely Ajinkyatara, Arag and Panchaganga. In addition to the 2 refineries in Kandla and Haldia, it also has a distillery in Khopoli. Globally, Shree Renuka Sugars has more than 1900 employees. The company has trading relations with nations like Mauritius, Ethiopia, Sri Lanka, Sharjah, Dubai and Brazil. The company also has 4 sugar mills in Southern Brazil.

💵 Revenues
One of the largest sugar producers in the world, Shree Renuka Sugars, earned ₹2,130 crores in sales for the September quarter. Shree Renuka Sugars has the largest sugar refining capacity, producing up to 4000 metric tonnes per day. Its distillery can produce nearly 930 KLPD of ethanol.

🪴 Expansion Plans
Part of the company’s expansion plans includes an objective to double its ethanol capacity in the next 3 years. ”We are already in the process of expanding our capacity to 1,400 KLPD and this will be in place by the last quarter of the current calendar year”, says Executive Chairman, Atul Chaturvedi.

💰 Stock Value
On November 30, 2020, the company’s shares were trading at ₹10, while they were priced at ₹57.95 as of November 29, 2022.