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RENUKA - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.1

Last Updated Time : 17 Jan 26, 02:44 pm

Fundamental Rating: 2.1

Stock Code RENUKA Market Cap 5,366 Cr. Current Price 25.2 ₹ High / Low 40.3 ₹
Book Value -4.35 ₹ Dividend Yield 0.00 % ROCE 9.99 % ROE %
Face Value 1.00 ₹ DMA 50 26.8 ₹ DMA 200 30.2 ₹ Chg in FII Hold 0.12 %
Chg in DII Hold -0.05 % PAT Qtr -319 Cr. PAT Prev Qtr -215 Cr. RSI 39.9
MACD -0.44 Volume 24,01,289 Avg Vol 1Wk 28,06,352 Low price 24.4 ₹
High price 40.3 ₹ 52w Index 4.66 % Qtr Profit Var -1,670 % EPS -3.17 ₹
Industry PE 10.3

📊 Core Financials

  • Revenue Growth: Quarterly PAT worsened from -215 Cr. to -319 Cr., showing deepening losses.
  • Profit Margins: EPS at -3.17 ₹, ROCE 9.99% — weak profitability, ROE not meaningful due to negative earnings.
  • Debt Ratios: Debt-to-equity not disclosed, but negative book value (-4.35 ₹) indicates stressed balance sheet.
  • Cash Flows: Likely under pressure given recurring losses and weak fundamentals.
  • Return Metrics: ROCE modest, but overall returns are poor due to negative earnings.

💹 Valuation Indicators

  • P/E Ratio: Not meaningful due to negative EPS.
  • P/B Ratio: Not applicable as book value is negative.
  • PEG Ratio: Not available, growth visibility unclear.
  • Intrinsic Value: Current price appears speculative, not supported by fundamentals.

🏢 Business Model & Competitive Advantage

  • Operates in sugar and ethanol production with exposure to agro-based industries.
  • Competitive advantage limited due to commodity price volatility and weak financials.
  • Dependent on government policies and cyclical demand in sugar/ethanol markets.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Only attractive near 20–22 ₹ for speculative investors.
  • Long-Term Holding: Risky due to consistent losses and weak balance sheet; avoid for conservative investors.


✅ Positive

  • Exposure to ethanol blending program could provide future demand tailwinds.
  • FII holdings increased slightly (+0.12%), showing minor foreign interest.
  • Stock near 52-week low (24.4 ₹), offering potential rebound if fundamentals improve.

⚠️ Limitation

  • Negative EPS (-3.17 ₹) and widening losses.
  • Negative book value (-4.35 ₹) indicates stressed financials.
  • Weak ROE and modest ROCE (9.99%).

📉 Company Negative News

  • Quarterly losses worsened from -215 Cr. to -319 Cr.
  • Profit variation at -1,670% YoY highlights severe financial stress.
  • DII holdings reduced (-0.05%), showing cautious domestic sentiment.

📈 Company Positive News

  • Government ethanol blending initiatives could support long-term demand.
  • High trading volumes indicate speculative interest despite weak fundamentals.

🏭 Industry

  • Industry PE at 10.3, highlighting RENUKA’s weak position relative to peers.
  • Sugar and ethanol industry remains cyclical, dependent on government policies and global commodity prices.

🔎 Conclusion

  • RENUKA faces severe financial stress with negative earnings and book value.
  • Valuation is speculative, not supported by fundamentals.
  • Best entry zone lies near 20–22 ₹ for high-risk investors only.
  • Conservative investors should avoid until profitability stabilizes.

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