Buy Shree Renuka Sugars with long term target of 50

Madhur Sugar was launched in 2007 as an independent brand by Shree Renuka Sugars Limited.

Madhur sugar is pure, hygienic and meets international standards. It is available in small and medium crystal sizes packed in 1kg and 5kg quantity.
Madhur has brought together knowledge of sweetening passion to develop a product that is
'untouched by hand' for the consumers.
From the morning cuppa, the favourite cake and the special recipe, we make it better. No matter what the occasion is we are there with a brand you know and trust.

MADHUR ADVANTAGE:
Natural Sweetness: Madhur is made from superior quality sugarcane.

Sulphur Free Processing: Stringent quality control and sulphur- free refining process ensure that the sugar you use is absolutely pure and healthy for consumption.
Consistent Quality: Madhur crystals are refined, sparkling white and moisture free, thereby making it easy to dissolve.
Advanced Production Technology: Our sugar is manufactured, packed, stored and shipped in a state- of-the-art refinery that complies with International Standards. The superior hygienic conditions ensure an end product that is untouched by hand and is free from impurities.

2012 Increased stake in Renuka do Brazil S/A to 59.4%. 2011 Commissioned a 3,000 tonnes per day port based refinery in Gujarat (near Kandla). 2010 Acquired 100% stake in Renuka Vale do Ivai S/A and 50.34% stake in Renuka do Brasil S/A (Equipav). 2009 Commissioned co-generation plant in Panchganga Co-operative Sugar Mill on BOOT basis (Maharashtra). 2008 Commissioned a refinery of 2,000 tonnes per day at Haldia in West Bengal. 2007 Acquired KBK Chem Engineering Pvt. Ltd., Maharashtra. 2006 Acquired sugar mill in Sindhkheda and relocated it to Havalga in Karnataka. 2005 Successfully completed Initial Public Offering & Established a Greenfield sugar mill at Athani, Karnataka. 2003 Leased first co-operative Mill. 2002 Established 250 tonnes per day sugar refinery at Munoli. 2001 Commissioned a 60 KLPD distillery at Munoli. 2000 Commissioned a co-generation plant at Munoli, Karnataka. 1998 Foundation of Shree Renuka Sugars with the acquisition of assets of Nizam Sugars Ltd. in Andhra Pradesh.

Shree Renuka Sugars is a global agribusiness and bio-energy corporation. The Company is one of the largest sugar producers in the world, the leading manufacturer of sugar in India, and one of the largest sugar refiners in the world. The company has its Corporate office in Mumbai (Maharashtra, India) and Head Office in Belgaum (Karnataka, India).

The Company operates eleven integrated sugar mills globally (four in Brazil & seven in India) & two port based refineries in India.

The Company operates in the following segments:

Sugar The Company operates eleven mills globally with a total crushing capacity of 20.7 million tonnes per annum (MTPA) or 94,520 tonnes crushed per day (TCD). The Company operates seven sugar mills in India with a total crushing capacity of 7.1 MTPA or 35,000 TCD and two port based sugar refineries with capacity of 1.7 MTPA. The Company also has significant presence in South Brazil, through acquisitions of Renuka Vale do Ivai and Renuka do Brasil. Renuka Vale do Ivai was acquired on 19th March 2010 and is 100% owned by the Company. The Company currently holds 59.4% equity stake in Renuka do Brasil which was acquired on 7th July 2010. The combined crushing capacity of the Brazilian subsidiary companies is 13.6 MTPA. The Company is the only sugar producer globally with year round crushing due to complementary seasons in India and Brazil.

Ethanol The Company manufactures fuel grade ethanol that can be blended with petrol. Global distillery capacity is 6,240 KL per day (KLPD) with Indian distillery capacity at 930 KLPD (630 KLPD from molasses to ethanol and 300 KLPD from rectified spirit to ethanol) and Brazil distillery capacity at 5,310 KLPD. KBK Chem-Engineering (100% subsidiary) facilitates turnkey distillery, ethanol and bio-fuel plant solutions.

Power The Company produces power from bagasse (a sugar cane by product) for captive consumption and sale to the state grid in India and Brazil. Total Cogeneration capacity increased to 555MW with exportable surplus of 356 MW. Indian operations produce 242 MW with exportable surplus of 135 MW and Brazilian operations produce 313 MW with exportable surplus of 221 MW. The Company’s presence in the largest sugar producing country, Brazil and the largest sugar consuming country, India provides access to information on movements in market price and the know-how of the global supply-demand situation. The Company’s

operations in Brazil are favoured by low operating cost, high scalability and highly conducive climatic conditions. The Company’s Indian operations are present in sugar rich belt of South and West India, ensuring high sugarcane yields and sugar recovery from cane. The strategically located port-based refineries in Gujarat and West Bengal states of India cover India, South Asia and Middle-East markets competitively. The Company has witnessed a strong Revenue CAGR of 55% and EBITDA CAGR of 58% from FY2006 to FY2012. The strong financial performance has ensured consistent returns for shareholders with an average Return on Equity of approx. 20% from FY 2006 to FY 2012. The Company’s strong Management team has delivered consistently to ensure growth through successful completion of strategic acquisitions. The shares of the Company are listed on the Bombay Stock Exchange Ltd (BSE) and the National Stock Exchange of India Ltd (NSE) NSE Symbol – Renuka BSE symbol - 532670 Bloomberg symbol - SHRS:IN Reuters symbol - SRES.BO, SRES.NS