Ethanol shares with Market capitalization lower than 1000cr to keep watch over

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Ethanol shares in India have been gaining recognition because of the nation’s growing deal with renewable vitality sources and decreased dependency on fossil fuels. The ethanol sector in India has been rising steadily, with the manufacturing and use of ethanol growing through the years. 

Investing in ethanol shares in India presents potential advantages, reminiscent of authorities backing for enhancing ethanol mixing in automotive fuels, performing as a safeguard in opposition to fluctuations within the oil market, and the rising viability of exports as a marketplace for Indian ethanol producers. 

Listed beneath are such ethanol shares whose market capitalization is lower than Rs. 1,000 crores: 

Rajshree Sugars & Chemical substances Ltd 

With a market capitalization of Rs. 224 crores, the shares of Rajshree Sugars & Chemical substances Ltd began Wednesday’s buying and selling session on the next be aware at Rs. 69.50 in comparison with its earlier shut of Rs. 68.15. In the course of the buying and selling session, the shares hit a excessive of Rs. 71.45, gaining round 2 p.c and are presently buying and selling at Rs. 68 apiece. 

Coming onto the corporate’s monetary statements, the income decreased by 36 p.c from Rs. 213 crores throughout the September quarter to Rs. 137 crores within the December quarter. As well as, the online earnings showcased a transition from a internet revenue of Rs. 17 crores to a internet lack of Rs. 21 crores throughout the identical interval. 

The corporate has built-in biorefinery complexes in varied places, together with Mundiampakkam, Gingee, and Zaheerabad, the place they produce ethanol amongst different merchandise like white crystal sugar and industrial alcohol. 

The corporate’s ethanol manufacturing is a part of its built-in biorefinery complexes in varied places, the place it additionally produces white crystal sugar and industrial alcohol. Furthermore, Rajshree Sugars & Chemical substances has an ethanol capability of 45 KLPD (kilolitres per day). 

Kothari Sugars & Chemical substances Ltd 

With a market capitalization of Rs. 485 crores, the shares of Kothari Sugars & Chemical substances began Wednesday’s buying and selling session on a flatter be aware at Rs. 58.95 in comparison with its earlier shut of Rs. 59. In the course of the buying and selling session, the shares hit a excessive of Rs. 60.50, gaining round 1 p.c and are presently buying and selling at Rs. 58 apiece. 

Coming onto the corporate’s monetary statements, the income elevated by 17 p.c from Rs. 113.18 crores throughout the September quarter to Rs. 132.31 crores within the December quarter. On a contrasting be aware, the online earnings decreased by 85 p.c from Rs. 5.18 crores to Rs. 76 lakhs throughout the identical interval. 

The corporate has produced 178.22 lakhs litres of alcohol throughout the monetary 12 months 2022 – 23 in opposition to 171.96 lakhs litres within the earlier 12 months and has provided 8.93 lakh litres of Ethanol to Oil Advertising and marketing Firms throughout the ethanol advertising 12 months 2021 – 22. 

Moreover, until March 2023, the corporate has provided 80,000 litres to Oil Advertising and marketing Firms. Moreover, Kothari Sugars & Chemical substances has an ethanol manufacturing capability of 60 kilolitres per day (KLPD) or 60 KLPD.

Magadh Sugar & Power Ltd 

With a market capitalization of Rs. 854 crores, the shares of Magadh Sugar & Power Ltd began Wednesday’s buying and selling session on the next be aware at Rs. 609 in comparison with its earlier shut of Rs. 603.25. In the course of the buying and selling session, the shares hit a excessive of Rs. 618, gaining round 2 p.c and are presently buying and selling at Rs. 607 apiece. 

Coming onto the corporate’s monetary statements, the income decreased by 24 p.c from Rs. 289 crores throughout the September quarter to Rs. 289 crores within the December quarter. On a contrasting be aware, the online earnings magnified by 160 p.c from Rs. 15 crores to Rs. 39 crores throughout the identical interval. 

Moreover, the corporate’s ethanol quantity gross sales elevated by 23 p.c from Rs. 53 crores throughout the September quarter to Rs. 65 crores within the December quarter. Furthermore, the corporate has 3 sugar mills with a mixed crushing capability of 19,000 TCD and has 2 distillers with a complete capability of 150 KLPD. 

Written By Vaibhav Patil

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