BC SUGAR

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Ankit Damani
@AnkitDamani4 5 years, 4 months ago 787 views

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Brazil sugar production down by 14% because of severe drought.India is the 2nd largest sugar producer followed by Brazil.
So a little postive news for sugar Comapnies based in India

@varinder_bansal Takeaway from the Q4 results #shreerenuka
1. Company has incurred losses on Q4 due to an exceptional item.
2. Cash from operating activities is negative.
3.Revenue from operations for this Q4 is down on QoQ basis
4. Company has incurred losses in year due to some exceptionalitem

@varinder_bansal Some positive news-
1.Revenue for operations from its ethanol segment has increased.
2.They will benefited from government scheme of MAEQ as Brazil production is down by 14%.
3.They will also receive incentives for ethanol blending so they have proposed to increase the capacity

@varinder_bansal From 720KLPD to 1400KLPD.
Government has a target of ethanol blending to 20% by 2025 against a current blending of 7.79%.So demand will be more and they will also incentives.
Company has raised around $300 million through ECB from its promoters.
So we can see a turnaround

@varinder_bansal Remember they are backed by a giant promoter and the capacity to 1400KLPD has been approved.#sugarind #shreerenuka @sanjiv_bhasin @varinder_bansal

@varinder_bansal @sanjiv_bhasin 1.We can see a target of ₹42 in coming sessions as there is no major supply zone till 42.
2.We can see a Golden crossover just forming with huge volumes.
@darshanvmehta1

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$Varinder Bansal \U0001f1ee\U0001f1f3$

Varinder Bansal 🇮🇳...
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Shree Renuka Sugars releases entire pledge of nearly 55.3 cr shares (26% equity) from IDBI bank

D: OWN/ BIASED/ ADVISED

Thanks, ET for quoting me. But a slight warning that Renuka is still using ~75% of existing ethanol capacity & ~60% of enhanced capacity this year vs Balrampur 95%. The key is to monitor CU going ahead (and of course Wilmar stand on 300 mn loan to co)

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Mayank Narula
@Mayank_Narula1

#SUGAR

Shared this update on sugar stocks in Feb on telegram.

Some of them have moved a bit but this is just the beginning.

Way sugar is setting up, it can very well replicate pharma rally of 2020.

However, looks extended on smaller tf. Will wait here for some retracement.

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Compounding Capital
@CompoundingCapp

Sugar industry is poised to change drastically over the coming years from cyclical to structural.
We can fall in the footsteps of Brazil which produces ethanol and sugar equally from sugarcane and reduce the overcapacity issue of industry.
A thread

Retweet if you find it useful

Let's first understand how a sugar factory works:
Sugarcane is crushed in a sugar factory that primarily extracts sugar syrup and fiber which is called bagasse. Bagasse is used to generate electricity, the excess power generates is then sold to the electricity companies.

Sugar syrup is then boiled to extract sugar, the syrup can be boiled up to three times to extract maximum sugar, and the residue left is known as molasses
Molasses can be further processed to generate ethanol and alcohol

The sugar syrup if being boiled twice generate B heavy molasses which has more sugar content hence can generate higher ethanol, the syrup boiled three times leaves C heavy molasses which has very low sugar content having lower ethanol yield

Ethanol can also be extracted directly from sugar syrup without making sugar, this leads to the highest ethanol yield and also fetches higher ethanol prices in the market.

Swapnil Rambhau Deokar
@srd6630

@varinder_bansal

Rohit Goyal
@goyalrohit21

@Vivek_Investor @varinder_bansal I think this sector will boom . Many oil psu has built tankers to store ethanol .Plus internationally sugar supply is affected due to brazil frost, in International market ethanol price will go up and force brazil to make more ethanol which will decrease sugar supply.

@varinder_bansal Now this depends on which type of process (c/b/juice) is used for ethanol production but eventually making ethanol will be big play so sugar will be sacrificed. And sugar stock is decreasing due to this. Now while ethanol can be made from other grains as well .

@varinder_bansal Those grains like wheat rice will also play an important role here. But major player will be sugar and mah/upmost benefited from this being highest producer.but this vehicle water issues might give a pause to party but that’s temporary not permanent.

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