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Riga Sugar Company

507508
Micro Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Riga Sugar Company Share price and Fundamental Analysis

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Incorporated in Sep.'80, Riga Sugar Company Ltd (RSCL) is a wholly owned subsidiary of The Belsund Sugar & Industries (BSIL). The sugar mill of RSCL, which was established in 1932 was under BSIL and was transferred to the company from Oct.'81. The sugar factory's (inst. cap. : 800 tcd) capacity was increased to 1000 tcd in 1954 and to 1219 tcd in 1964. In 1987, the mill was modernised and expanded the capacity to 2000 tcd.
Company Incorporation1980
ChairmanO P Dhanuka
Head QuartersNA
Previous NameNA

Key Metrics

Market Cap (Cr)
7.58
PE Ratio
0
Industry P/E
12.97
PEG Ratio
0
ROE
18.35%
ROCE
-12.07%
ROA
-33.28%
Total Debt (Cr)
218.32
Debt to Equity
-1.69
Dividend Yield
0%
EPS
0
Book Value & P/B
-144.64 x 0
Face Value
10
Outstanding Shares(Cr)
1.44
Current Ratio
0.16
EV to Sales
42.52

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Jun 24

Promoters : 68.47%

FIIs : 0.00%

DIIs : 0.02%

Public : 31.51%

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Promoter Pledge stands at 0.0% of holding in June 2024 Qtr

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Riga Sugar Company Management and History

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Company History

Incorporated in Sep.'80, Riga Sugar Company Ltd (RSCL) is a wholly owned subsidiary of The Belsund Sugar & Industries (BSIL). The sugar mill of RSCL, which was established in 1932 was under BSIL and was transferred to the company from Oct.'81. The sugar factory's (inst. cap. : 800 tcd) capacity was increased to 1000 tcd in 1954 and to 1219 tcd in 1964. In 1987, the mill was modernised and expanded the capacity to 2000 tcd.

The company's major products are sugar and non-potable ethyl alcohol. Ethyl alcohol derived from molasses finds wide use in both the potable and industrial sectors. It is also used as feedstock in producing acetaldehyde, acetic acid, acetic anhydride, acetone, ethylene, butadiene, etc. In 1987, modernisation-cum-expansion programme to increase the capacity to 2000 tcd was completed.

The company came out with a public issue (premium : Rs 40) in Jul.'94 to part-finance the expansion of its sugarcane crushing capacity from 2000 tcd to 2500 tcd and to diversify by setting up a 50-klpd ethyl alcohol plant to produce value-added products from the by-product. The distillery division has started its operations in September,1995.

The installed capacity of sugar was increased from 2500 TCD to 3500 TCD during 1999-2000.

In 1999-2000 the company implemented the scheme of Sugar Technology Mission (STM) project for Technological Upgradation-cum-Capacity Optimisation Scheme of Sugar Unit as approved by STM, Government of India at the Projected cost of 2675 Lacs and simultaneously undertaken expansion scheme for increasing the capacity to 3500, which was completed in season 1999-2000. Consequent to said STM Scheme, the Major machineries of the sugar plant was newly installed like replacement of entire Mills, addition of Boiler, Turbine and Equipments in Boiling/Manufacturing House.

During 2000-2001 the company installed Wireless communication system for connecting the Cane Centres and Areas with the Sugar Factory to have smooth communication with the Cane Growers.

The expansion project of sugar plant from 3500 TCD to 4500/5000 TCD was completed during 2006-07. The New Ethanol Plant of the factory commenced commercial operation from 4th April, 2007 and supplied during the year 4.20 Lacs B.L. to Oil companies at different locations in Bihar and Jharkhand for admixing with Petrol.

The Sugar Plant of the Company again expanded capacity from 5,000 TCD to 5,500 TCD during 2011- 12. The Company set-up co-generation Plant for producing additional 3 MW of Electricity in 2014 and started supplying power to state electricity substation from 14th January 2016.

Riga Sugar Company Share Price

Riga Sugar Company share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Riga Sugar Company Market Cap

Market capitalization of Riga Sugar Company indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Riga Sugar Company is valued compared to its competitors.

Riga Sugar Company PE Ratio

Riga Sugar Company PE ratio helps investors understand what is the market value of each stock compared to Riga Sugar Company 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Riga Sugar Company PEG Ratio

The PEG ratio of Riga Sugar Company evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Riga Sugar Company ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Riga Sugar Company generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Riga Sugar Company ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Riga Sugar Company in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Riga Sugar Company Total Debt

Total debt of Riga Sugar Company shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Riga Sugar Company Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Riga Sugar Company compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Riga Sugar Company CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Riga Sugar Company over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Riga Sugar Company Technical Analysis

Technical analysis of Riga Sugar Company helps investors get an insight into when they can enter or exit the stock. Key components of Riga Sugar Company Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Riga Sugar Company shares often struggle to rise above due to selling pressure.

Riga Sugar Company Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Riga Sugar Company ’s financial health and profitability.

Riga Sugar Company Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Riga Sugar Company Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Riga Sugar Company Financials

The financials of Riga Sugar Company provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Riga Sugar Company Profit and Loss Statements

The profit and loss statement of Riga Sugar Company highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Riga Sugar Company .

Riga Sugar Company Balance Sheet

The balance sheet presents a snapshot of Riga Sugar Company ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Riga Sugar Company Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.