Shree Renuka Sugars

The company reported a net profit in the third quarter, but this was primarily due to a gain from the foreign exchange. The company improved its EBITDA margin from 13.4 percent in the October December quarter of 2010 to 18.2 percent in October December quarter of 2011 because of the improved realizations across products in the domestic business.

The firm's debt has increased significantly after it acquired its two Brazilian subsidiaries. Any positive news regarding the management's effort to deleverage its balance sheet through divestment of its cogeneration assets in Renuka do Brazil will be another potential trigger. The final set off for the turnaround could be a positive change in the sugar cycle.

Its present stock value is 1.27. This sugar firm has seen a net loss of 303 crore in last 52 week and a net profit of 355.81 crore. 10 market analysts advice to buy these stocks, while 4 suggests to hole and 6 suggest selling these stocks.