Shree Renuka Sugars Share Price Target 2024, 2025, 2026, 2030
Shree Renuka Sugars Share Price Target 2024, 2025, 2026, 2030 : If you want to invest in Shree Renuka Sugar and you want to know where the price of this share will go in the coming time.
So you are in the right article, we are going to give you information about this. Through this article, we will tell you about the business of Shree Renuka Sugar Limited and will also understand what the share price target of this company can be in the coming time. What percentage of returns is the company capable of giving?
To know the share price target of the company, it is most important to understand the fundamentals of the company and its business, hence in this article we will understand the business of the company in complete detail.
About Shree Renuka Sugar Limited
Before knowing the share price target, we will try to understand the business of this company. This company was started in 1995. Shree Renuka Sugar Limited is an India based Agri business and bio energy company.
Shree Renuka Sugar Limited manufactures Sugars, Ethyl Alcohol, Ethanol, apart from this the company is also in the business of power generation and power sales.
The business segments of the company include – Sugar Milling, Co Generation, trading engineering, Sugar Refinery, Distillery, and others.
Shree Renuka Sugar Limited Fundamental
| Stock Price | 45 |
| Market Cap | 9,585 Cr. |
| PE Ratio | |
| Debt | 5,198 Cr. |
| Pramoter Holding | 65.5 % |
| Stock Price High / Low | 57.2/39.4 |
Shree Renuka Sugars Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030
| Year | Minimum Price | Maximum Price |
| 2024 | 49.5 रु | 52 रु |
| 2025 | 56 रु | 58 रु |
| 2026 | 64 रु | 66 रु |
| 2027 | 71 रु | 73 रु |
| 2028 | 84 रु | 85 रु |
| 2029 | 106 रु | 110 रु |
| 2030 | 137 रु | 140 रु |
| 2040 | 560 रु | 560 रु |
We do not think that Shree Renuka Sugar Limited will make very good returns in the coming years because if you look at the past revenue of the company, instead of the company’s revenue growing, the company’s revenue is continuously decreasing.
Along with this, the company has a debt of about Rs 5198 crore, which will be considered very high and in future the company may face problems in repaying this debt.
On the other hand, if you look at the profit of the company, the company has been making losses since 2012. In the middle of 2020, the company had shown a profit of about Rs 1900 crores, since then the company is again incurring losses due to which the company will do better in future. We don’t think it will make returns.
Shree Renuka Sugars Share Price Target 2024
The company works in the sugar business and this sector is considered a cyclical sector. The company has not shown any revenue growth nor profit growth in the last two-three years.
Due to which Shree Renuka Sugars is not expected to do very well in 2024. In this year, this company can give you only 8 to 10 percent return and Shree Renuka Sugars Share Price Target 2024 can go up to the price of Rs 52.
| Shree Renuka Sugars Share Price Target 2024 | Price |
| January | 45.10 |
| February | 46.20 |
| March | 46.90 |
| April | 47.10 |
| May | 48.00 |
| June | 48.50 |
| July | 49.2 |
| August | 49.90 |
| September | 50.10 |
| October | 50.60 |
| November | 51.10 |
| December | 52.00 |
Shree Renuka Sugars Share Price Target 2025
The business of Shree Renuka Sugar Limited is remaining in two divisions.
- First Integrated Sugar Mill and
- Second is Sugar Refineries
Integrated Sugar Mill
The company has about six sugar mills which are in Karnataka, Maharashtra and produces sugar by processing mill sugarcane.
Sugar Refineries
The company has 2 sugar refineries whose refining capacity is 1.7 MTPA.
Looking at the past business growth of the company, Shree Renuka Sugars Share Price Target 2025 is expected to be 10 to 12% and you can see the company’s share trading at a price of ₹ 56 to ₹ 58 in 2025.
| Shree Renuka Sugars Share Price Target 2025 | Price |
| January | 52.10 |
| February | 52.60 |
| March | 52.90 |
| April | 53.60 |
| May | 54.65 |
| June | 55.00 |
| July | 55.90 |
| August | 56.00 |
| September | 57.10 |
| October | 57.90 |
| November | 58.10 |
| December | 58.20 |
Shree Renuka Sugars Share Price Target 2026
Shree Renuka Sugar Limited works in the sugar sector, that sector is considered cyclical, that is why you see continuous fluctuations in the revenue and profit of this company. Most of the big investors want to stay away from such cyclical companies, hence companies like these do not get much valuation.
Due to which the valuation of the company seems very cheap at present.
Now if we talk about share price target, then Shree Renuka Sugars Share Price Target 2026 can be seen trading between Rs 64 to Rs 66.
| Shree Renuka Sugars Share Price Target 2026 | Price |
| January | 59.10 |
| February | 61.10 |
| March | 61.90 |
| April | 62.35 |
| May | 62.78 |
| June | 63.10 |
| July | 93.88 |
| August | 64.00 |
| September | 64.10 |
| October | 64.90 |
| November | 55.10 |
| December | 66.00 |
Shree Renuka Sugars Share Price Target 2030
The Indian Government wants to use ethanol as fuel in vehicles, due to which the share prices of these companies had increased a lot in the last one year.
If the Indian Government adds ethanol to fuel, then ethanol manufacturing companies like Shri Renuka Sugar Mill can benefit from it.
But only time will tell how much profit the company will get from this business. Shree Renuka Sugars Share Price Target 2030 is expected to be Rs 140.
| Shree Renuka Sugars Share Price Target 2030 | Price |
| January | 85.10 |
| February | 88.10 |
| March | 95.10 |
| April | 110 |
| May | 125 |
| June | 128 |
| July | 132 |
| August | 135 |
| September | 137 |
| October | 138 |
| November | 139 |
| December | 140 |
Conclusion.
We have given you information about the Shree Renuka Share Price Target in this article. The company works in a cyclical sector and there is no growth in the company’s business. The company has been incurring losses for the last several years. Due to which it does not seem that we will get much better returns from this company.
You should analyze well before investing in a company like Shree Renuka Sugar Limited and if possible, you should not invest in a company like this because there are many good companies which can give better returns than this.
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