Shree Renuka Sugars Ltd - Multibagger Rs 50 in 2 yrs time frame

• 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.
• They operates eleven mills globally (four in Centre-South Brazil and seven in India) with integrated ethanol and power co-generation capacity.
• The Company also has significant presence in South Brazil, through acquisitions of Renuka Vale do Ivai and Renuka do Brasil which is paying good dividends now.
• The Company is the only sugar producer globally with year round crushing due to complementary seasons in India and Brazil.
• 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 
• 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 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.
• We expect the Stock to reach 50 level in years time frame CMP:21.60