Whalesbook
Ab is ethanol waali story ke peeche hai kya? Toh bhai, desh apna ₹22 lakh crore saal ka tel ka bill kam karna chahta hai. Aur jab Brent crude prices $80 ke aas paas pahunch rahe hain aur WTI bhi upar hai, toh import cost $70 billion tak badh sakti hai. Isliye, government ne farmers ko 'urjaadata' banane ka plan kiya hai. Isi wajah se, Shree Renuka Sugars aur Bajaj Hindusthan Sugar jaise companies ke shares mein haal hi mein 11% tak ka bounce dekhne ko mila hai.
India ka ethanol market abhi $6.51 billion ka hai aur 2029 tak yeh $10 billion cross kar sakta hai, matlab 8.84% ke CAGR se badhne ka chance hai. Government ka target toh aur bhi bada hai – 2025-2026 tak petrol mein 20% ethanol blend karna! Isse sugar companies ke liye demand badhegi. Shree Renuka Sugars ki daily ethanol production capacity 1,250 KL hai, jo ek solid figure hai.
Lekin, sabki financial story ek jaisi nahi hai. Dhampur Sugar Mills ka P/E ratio 13.35 ke aas paas hai, jo theek lag raha hai, par uska return on equity sirf 4.65% hai. Wahi, Shree Renuka Sugars aur Bajaj Hindusthan Sugar jaise players ka P/E ratio negative mein hai, matlab yeh companies abhi profit mein nahi chal rahi aur unhe policy support par zyada nirbhar rehna pad raha hai. Unki valuations future prospects par based hain, na ki current earnings par.
Phir bhi, sector ka future bright dikh raha hai. Experts ka maan na hai ki yeh market 2034 tak $10.2 billion tak pahunch sakta hai, jisme 5.57% ka CAGR mil sakta hai. Government ka commitment aur crude oil ki badhti prices is sector ko boost karte rahengi, jisse energy security bhi badgegi.