Shree Renuka Sugars Ltd. (SRSL), incorporated in 1995, is a prominent agribusiness and bio-energy company engaged in the manufacturing and refining of sugar, ethyl alcohol, and ethanol, as well as the generation and sale of power. Headquartered in Mumbai, Maharashtra, the company has established a significant presence across India, Brazil, Mauritius, Dubai, and Ethiopia.
SRSL holds the position of the fifth-largest sugar manufacturer in India with a crushing capacity of 40,000 Tonnes Crushed per Day (TCD) and is the largest sugar refiner with a capacity of 4,000 Tonnes Per Day (TPD). The company is a market leader in India's sugar industry, contributing to 20% of India's sugar exports, and is also a leader in fuel ethanol with a 20% market share. This substantial market presence highlights SRSL's strategic importance in India's agricultural and energy sectors.
The company operates across diverse segments with a well-diversified product portfolio, which includes sugar, power, ethanol, ethyl alcohol, and organic manure. Its operational segments encompass Sugar milling, Sugar refining, Distillery, Co-generation, Trading, Engineering, and Others. The Sugar segment produces white sugar, molasses, and bagasse. Distillery operations are focused on ethanol production utilizing advanced technology, producing fuel-graded ethanol and alcohol from molasses and rectified spirits.
SRSL is a leader in sustainable energy production, generating power from bagasse, a by-product of sugar production. This power is used for captive consumption, with surplus power sold to state grids in India and Brazil. This integrated approach to utilizing by-products underscores the company's commitment to sustainability and operational efficiency.
The company's current power and ethanol production capacity stands at 143MW and 930 KLPD, respectively, spread across various locations in Karnataka, Maharashtra, and West Bengal. Its strategic positioning within India's sugarcane belt ensures optimal access to raw materials and efficient distribution networks. SRSL operates approximately 11 mills, with seven located in South and West India and four in Centre-South Brazil, all integrated with ethanol and power co-generation capabilities.
As a leading sugar company in India, SRSL has a comprehensive operational network with sugar mills, refineries, distilleries, and power plants situated in twelve strategic locations across the country. This extensive network enables consistent production levels and effective service to diverse market segments.
Shree Renuka Sugars has demonstrated resilience in its recent financial performance. For Q4 FY25, the company posted a consolidated net profit of ₹93.1 crore, marking a significant turnaround from a loss of ₹111 crore in the previous year. Consolidated net sales for March 2025 were reported at ₹2,691.30 crore, a decrease of 22.36% year-on-year. However, net profit surged by 182.01%, indicating improved profitability despite declining sales.
For the full financial year (FY25), Revenue stood at ₹2,713.00 Cr as of March 2025, with a Net Profit of ₹93.10 Cr as of March 2025 (Q4 FY25). The company also narrowed its full-year net loss to ₹299.9 crore from ₹627.72 crore in the previous year, reflecting enhanced operational efficiency and better cost management.
As of July 7, 2025, the market capitalization of Shree Renuka Sugars Ltd. (RENUKA) was ₹7,000.60 Cr, indicating investor confidence in the company's long-term prospects and its strategic positioning in the agribusiness sector.
SRSL actively engages in the trading of white and raw sugar, coal, molasses, and alcohol, complemented by a robust trading network that supports its manufacturing operations. As an active corporate member on NCDEX, Renuka Sugars trades in sugar commodities in both spot and futures markets, showcasing its expertise in commodity trading and risk management.
The company possesses significant export capabilities, with a strong presence in the Indian market and exports to over 70 countries. This global reach provides diversified revenue streams and mitigates dependence on domestic market conditions.
Shree Renuka Sugars is actively pursuing sustainability initiatives and aligning its strategies with government policies. The Executive Chairman of Shree Renuka Sugars highlights India's plan to increase ethanol blending in petrol from 20% to 30% by 2030. This ambitious target necessitates a substantial increase in maize supply to meet production goals, positioning SRSL favorably to benefit from India's renewable energy transition and ethanol blending mandates.
Shree Renuka Sugars Ltd. is a key player in India's sugar industry, recognized for its extensive operations in sugar manufacturing, refining, ethanol production, and power generation. With a considerable market presence and a strategic focus on sustainable growth, the company represents an attractive opportunity for investors interested in the agro-industrial sector.
