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Riga Sugar Company Ltd
507508 BSE
Riga Sugar Company Ltd
Fast Moving Consumer Goods BSE: 507508 Agricultural Food & other Products
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY12–FY24.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
1- Company has low interest coverage ratio.
Growth Rate
Revenue Growth
-
Net Income Growth
-
Cash Flow Change
-
ROE
-
ROCE
-
EBITDA Margin (Avg.)
-
Quarterly Results
| Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37.63 | 30.03 | 12.2 | 0.14 | 0.4 | 2.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 36.34 | 32.1 | 17.37 | 14.92 | 2.74 | 3.06 | 0.71 | 2.1 | 0.57 | 0.52 | 0.59 | 0.5 | 0.47 |
| Operating Profit | 1.29 | -2.07 | -5.17 | -14.78 | -2.34 | -1 | -0.71 | -2.1 | -0.57 | -0.52 | -0.59 | -0.5 | -0.47 |
| OPM % | 3.43% | -6.89% | -42.38% | -10557.14% | -585% | -48.54% | — | — | — | — | — | — | — |
| Other Income | 0.46 | 1.82 | 1.07 | 2.1 | 0.05 | 0.08 | 0.03 | -34.29 | -10.22 | 0.03 | 2.1 | 0.08 | 0.05 |
| Interest | 3.27 | 3.33 | 3.97 | 6.99 | 3.14 | 3.1 | 3.15 | 3.44 | 3.37 | 3.37 | 3.37 | 3.95 | 4.03 |
| Depreciation | 1.3 | 1.33 | 1.3 | 1.25 | 1.3 | 1.3 | 1.3 | 1.13 | 0.99 | 0.99 | 0.99 | 1.05 | 1.05 |
| PBT | -2.82 | -4.91 | -9.37 | -20.92 | -6.73 | -5.32 | -5.13 | -40.96 | -15.15 | -4.85 | -2.85 | -5.42 | -5.5 |
| Tax % | 0% | 0% | 0% | 44.74% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -2.82 | -4.91 | -9.37 | -30.27 | -6.73 | -5.32 | -5.13 | -40.96 | -15.15 | -4.84 | -2.84 | -5.42 | -5.5 |
| EPS in Rs | -1.95 | -3.4 | -6.49 | -20.96 | -4.66 | -3.68 | -3.55 | -28.36 | -10.49 | -3.35 | -1.97 | -3.75 | -3.81 |
Profit & Loss
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 148 | 198 | 161 | 186 | 180 | 182 | 96 | 155 | 153 | 79 | 2 | 0 |
| Expenses | 132 | 178 | 147 | 181 | 168 | 170 | 97 | 182 | 161 | 100 | 9 | 2 |
| Operating Profit | 16 | 20 | 14 | 5 | 12 | 12 | -2 | -27 | -8 | -21 | -6 | -2 |
| OPM % | 11% | 10% | 9% | 3% | 7% | 6% | -2% | -17% | -5% | -26% | -250% | — |
| Other Income | 1 | -1 | 2 | 0 | 1 | 4 | 3 | 5 | 4 | 5 | -34 | -8 |
| Interest | 16 | 16 | 13 | 16 | 14 | 15 | 18 | 20 | 15 | 18 | 13 | 13 |
| Depreciation | 7 | 7 | 6 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 4 |
| PBT | -5 | -4 | -3 | -14 | -5 | -4 | -21 | -46 | -24 | -38 | -58 | -28 |
| Tax % | -10% | -8% | 9% | -28% | -55% | 16% | 0% | 0% | 0% | 25% | 0% | 0% |
| Net Profit | -5 | -3 | -3 | -10 | -2 | -5 | -21 | -46 | -24 | -47 | -58 | -28 |
| EPS in Rs | -5.1 | -3.49 | -2.78 | -9.77 | -1.84 | -3.28 | -14.44 | -32.15 | -16.69 | -32.8 | -40.25 | -19.13 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 11 | 11 | 12 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 60 | 58 | 55 | 77 | 76 | 56 | 35 | -11 | -36 | -84 | -143 | -205 | -216 |
| Borrowings | 145 | 142 | 144 | 137 | 143 | 149 | 140 | 128 | 119 | 112 | 218 | 255 | 263 |
| Other Liabilities | 84 | 80 | 109 | 139 | 115 | 89 | 174 | 180 | 181 | 134 | 85 | 84 | 89 |
| Total Liabilities | 299 | 289 | 319 | 363 | 346 | 309 | 364 | 311 | 278 | 177 | 175 | 148 | 151 |
| Fixed Assets | 123 | 119 | 115 | 146 | 149 | 152 | 158 | 155 | 160 | 156 | 151 | 143 | 141 |
| CWIP | 2 | 1 | 4 | 5 | 0 | 6 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 175 | 169 | 200 | 212 | 197 | 151 | 205 | 155 | 118 | 21 | 24 | 5 | 10 |
| Total Assets | 299 | 289 | 319 | 363 | 346 | 309 | 364 | 311 | 278 | 177 | 175 | 148 | 151 |
Cash Flow
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -3 | 20 | 13 | 26 | 7 | 30 | 23 | 34 | 32 | 7 | 1 | — |
| Investing | -4 | -2 | -5 | -4 | -2 | -14 | -5 | -4 | -9 | -1 | 0 | — |
| Financing | 6 | -19 | -8 | -23 | -5 | -16 | -17 | -28 | -24 | -7 | 5 | — |
| Net Cash Flow | -2 | -1 | 0 | -1 | 0 | 0 | 0 | 2 | -1 | 0 | 6 | — |
| Free Cash Flow | -10 | 18 | 7 | 22 | 5 | 16 | 17 | 30 | 23 | 7 | 1 | — |
| CFO/OP | -21 | 102 | 90 | 475 | 53 | 252 | -1,480 | -125 | -400 | -35 | -19 | — |
Ratios
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 2 | 6 | 8 | 5 | 11 | 33 | 16 | 13 | 5 | 168 | — |
| Inventory Days | 537 | 363 | 581 | 453 | 441 | 290 | 1,044 | 288 | 237 | 32 | 1,067 | — |
| Days Payable | 268 | 171 | 316 | 304 | 258 | 187 | 943 | 390 | 446 | 581 | 16,213 | — |
| Cash Conversion Cycle | 269 | 194 | 271 | 158 | 188 | 115 | 134 | -87 | -196 | -544 | -14,978 | — |
| Working Capital Days | -66 | -33 | -40 | -74 | -73 | -150 | -372 | -386 | -482 | -1,068 | -43,162 | — |
| ROCE % | 5% | 6% | 5% | 1% | 4% | 5% | -2% | -17% | -8% | -29% | -16% | — |
Documents
1
Compliance Under Regulation 40(9)
29 Mar 2025 - Unable to examine records for RIGA SUGAR CO LTD. 29 Mar 2025 - Unable to examine records for RIGA SUGAR CO LTD.
2
Board Meeting Intimation for Approval Of The Financial Statements And Financial Results Pertaining To The Financial Year Ended 31St March, 2023 And 31St March 2024
4 Jun 2025 - Liquidator meeting on June 5, 2025, to approve FY 2023 and 2024 financial results during liquidation. 4 Jun 2025 - Liquidator meeting on June 5, 2025, to approve FY 2023 and 2024 financial results during liquidation.
3
Board Meeting Outcome for AUTHENTICATION OF THE FINANCIAL STATEMENTS AND FINANCIAL RESULTS PERTAINING TO F.Y. 2022-2023 & 2023-2024 AND OTHER APPLICABLE REPORTING PERIODS BY THE RESOLUTION PROFESSIONAL/LIQUIDATOR
6 Jul 2025 - Riga Sugar under liquidation; sold as going concern Dec 2024; adverse audit due to erosion, suspension, and uncertainties. 6 Jul 2025 - Riga Sugar under liquidation; sold as going concern Dec 2024; adverse audit due to erosion, suspension, and uncertainties.
5
Financial Results For The Quarter And Half Year Ended September 2024
12 Sep 2025 - Auditor adverse review: company in liquidation; liabilities Rs35,204L, negative equity Rs21,565L; sale certificate issued Dec18,2024. 12 Sep 2025 - Auditor adverse review: company in liquidation; liabilities Rs35,204L, negative equity Rs21,565L; sale certificate issued Dec18,2024.
Frequently Asked Questions about Riga Sugar Company Ltd
What does Riga Sugar Company Ltd do?
Riga Sugar Company Ltd is one of the oldest sugar factories in India. The principal activity of the Company is manufacturing of sugar.[1]
Where is Riga Sugar Company Ltd (507508) listed?
Riga Sugar Company Ltd is listed on the Indian stock exchanges. It is listed on BSE: 507508. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Riga Sugar Company Ltd belong to?
Riga Sugar Company Ltd operates in the Fast Moving Consumer Goods sector within the Agricultural Food & other Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
How can I research Riga Sugar Company Ltd on Tapetide?
On Tapetide, you can view Riga Sugar Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Riga Sugar Company Ltd is one of the oldest sugar factories in India. The principal activity of the Company is manufacturing of sugar.[1]