---
title: "Riga Sugar Company Ltd (507508) — Share Price, Financials & Analysis"
symbol: "507508"
company: "Riga Sugar Company Ltd"
canonical: "https://tapetide.com/stocks/507508"
isin: "INE909C01010"
bse_code: "507508"
sector: "Fast Moving Consumer Goods"
industry: "Agricultural Food & other Products"
generated_at: "2026-09-13T18:50:15.387Z"
---

# Riga Sugar Company Ltd (507508)

Canonical page: https://tapetide.com/stocks/507508

## Company

- **BSE Code:** 507508
- **ISIN:** INE909C01010
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Agricultural Food & other Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rigasugar.com

## About

Riga Sugar Company Ltd is one of the oldest sugar factories in India. The principal activity of the Company is manufacturing of sugar.[1]

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.03 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 5Y |
| --- | --- | --- |
| net income growth | 74% | 14% |
| revenue growth | 408% | -18% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Jun 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.4 | 2.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.33 | 17.83 | 29.35 |
| Expenses | 2.74 | 3.06 | 0.71 | 2.1 | 0.57 | 0.52 | 0.59 | 0.5 | 0.47 | 5.07 | 9.53 | 31.75 |
| Operating Profit | -2.34 | -1 | -0.71 | -2.1 | -0.57 | -0.52 | -0.59 | -0.5 | -0.47 | 1.26 | 8.3 | -2.4 |
| OPM % | -585 | -48.54 | — | — | — | — | — | — | — | 19.91 | 46.55 | -8.18 |
| Other Income | 0.05 | 0.08 | 0.03 | -34.29 | -10.22 | 0.03 | 2.1 | 0.08 | 0.05 | 0 | 0.44 | 0 |
| Interest | 3.14 | 3.1 | 3.15 | 3.44 | 3.37 | 3.37 | 3.37 | 3.95 | 4.03 | 0 | 1.45 | 2.3 |
| Depreciation | 1.3 | 1.3 | 1.3 | 1.13 | 0.99 | 0.99 | 0.99 | 1.05 | 1.05 | 1.28 | 1.66 | 1.76 |
| Profit before tax | -6.73 | -5.32 | -5.13 | -40.96 | -15.15 | -4.85 | -2.85 | -5.42 | -5.5 | -0.02 | 5.63 | -6.46 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6400 | 13.68 | 1.39 |
| Net Profit | -6.73 | -5.32 | -5.13 | -40.96 | -15.15 | -4.84 | -2.84 | -5.42 | -5.5 | 1.25 | 4.86 | -6.55 |
| EPS in Rs | -4.66 | -3.68 | -3.55 | -28.36 | -10.49 | -3.35 | -1.97 | -3.75 | -3.81 | 0.87 | 3.36 | -4.53 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 180.15 | 181.99 | 95.78 | 154.87 | 153.13 | 79.14 | 2.46 | 0 | 5.71 | 28.98 |
| Expenses | 167.68 | 170.24 | 97.31 | 181.75 | 161.12 | 99.83 | 8.62 | 2.15 | 12.73 | 25.26 |
| Operating Profit | 12.47 | 11.75 | -1.53 | -26.88 | -7.99 | -20.69 | -6.16 | -2.15 | -7.02 | 3.72 |
| OPM % | 6.92 | 6.46 | -1.6 | -17.36 | -5.22 | -26.14 | -250.41 | — | -122.94 | 12.84 |
| Other Income | 0.9 | 3.51 | 3.08 | 4.98 | 3.91 | 5.44 | -34.12 | -8.05 | 0 | 0.44 |
| Interest | 14.35 | 15.03 | 17.65 | 19.63 | 14.81 | 17.58 | 12.83 | 13.49 | 0 | 1.45 |
| Depreciation | 4.08 | 4.32 | 4.72 | 4.91 | 5.21 | 5.19 | 5.02 | 3.95 | 1.47 | 5.62 |
| Profit before tax | -5.06 | -4.09 | -20.82 | -46.44 | -24.1 | -38.02 | -58.13 | -27.64 | -8.49 | -2.91 |
| Tax % | -54.94 | 15.65 | 0.19 | 0 | 0 | 24.62 | 0 | 0 | 0 | -38.14 |
| Net Profit | -2.29 | -4.74 | -20.86 | -46.43 | -24.1 | -47.37 | -58.13 | -27.63 | -8.49 | -1.8 |
| EPS in Rs | -1.84 | -3.28 | -14.44 | -32.15 | -16.69 | -32.8 | -40.25 | -19.13 | -5.88 | -1.25 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12.44 | 14.44 | 14.44 | 14.44 | 14.44 | 14.44 | 14.44 | 14.44 | 14.44 | 14.44 |
| Reserves | 75.58 | 56.5 | 35.12 | -11.33 | -36.02 | -83.57 | -143.43 | -204.73 | 253.1 | 251.3 |
| Borrowings | 142.99 | 148.53 | 140.02 | 127.88 | 118.57 | 112.12 | 218.32 | 254.65 | 0 | 76.61 |
| Other Liabilities | 115.14 | 89.25 | 173.99 | 180.38 | 181.26 | 134.24 | 85.35 | 83.66 | 30.47 | 49.05 |
| Total Liabilities | 346.15 | 308.72 | 363.57 | 311.37 | 278.25 | 177.23 | 174.68 | 148.02 | 298.01 | 391.4 |
| Fixed Assets | 148.66 | 151.63 | 158.25 | 155.03 | 160.35 | 156.09 | 151.07 | 142.66 | 239.93 | 281.57 |
| CWIP | 0 | 5.95 | 0 | 1.77 | 0.22 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 197.49 | 151.14 | 205.32 | 154.57 | 117.68 | 21.14 | 23.61 | 5.36 | 58.08 | 109.83 |
| Total Assets | 346.15 | 308.72 | 363.57 | 311.37 | 278.25 | 177.23 | 174.68 | 148.02 | 298.01 | 391.4 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 6.61 | 29.72 | 22.65 | 33.56 | 31.93 | 7.22 | 1.19 | — | 2.2 | -30.06 |
| Cash from Investing Activity | -1.83 | -13.55 | -5.41 | -3.81 | -8.79 | -0.62 | 0.08 | — | 0 | -46.84 |
| Cash from Financing Activity | -4.71 | -16.44 | -17.49 | -28.21 | -24.37 | -6.95 | 5.07 | — | 0 | 75.16 |
| Net Cash Flow | 0.07 | -0.26 | -0.25 | 1.53 | -1.23 | -0.35 | 6.34 | — | 2.2 | -1.74 |
| Free Cash Flow | 4.77 | 16.48 | 17.27 | 30.05 | 22.93 | 6.51 | 1.18 | — | 2.2 | -76.9 |
| CFO/OP | 53 | 252 | -1480 | -125 | -400 | -35 | -19 | — | -31 | -808 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 5.49 | 11.31 | 33.34 | 15.53 | 12.59 | 5.21 | 167.66 | — | 0 | 0 |
| Inventory Days | 440.9 | 290.46 | 1043.6 | 288.27 | 237.3 | 32.3 | 1066.71 | — | — | — |
| Days Payable | 258.33 | 187.12 | 943.32 | 390.46 | 446.23 | 581.24 | 16212.79 | — | — | — |
| Cash Conversion Cycle | 188.06 | 114.65 | 133.62 | -86.66 | -196.35 | -543.73 | -14978.42 | — | 0 | 0 |
| Working Capital Days | -72.78 | -149.96 | -371.75 | -385.83 | -481.7 | -1068.16 | -43161.99 | — | -232.68 | -584.03 |
| ROCE % | 4.03 | 4.86 | -1.55 | -16.7 | -8.12 | -29.2 | -16.38 | — | -5.12 | -0.62 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.19% | 69.19% | 69.19% | 69.19% | 68.47% | 68.47% | 68.47% | 68.47% | 68.47% | 100% | 100% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0% | 0% |
| Public | 30.79% | 30.79% | 30.79% | 30.79% | 31.51% | 31.51% | 31.51% | 31.51% | 31.51% | 0% | 0% |
| No. of Shareholders | 5918 | 6106 | 6077 | 6058 | 5956 | 7110 | 7110 | 7110 | 7110 | 9 | 9 |

### Quarterly

| Category | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 68.47% | 68.47% | 68.47% | 68.47% | 68.47% | 68.47% | 68.47% | 68.47% | 68.47% | 100% | 100% | 100% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0% | 0% | 0% |
| Public | 31.51% | 31.51% | 31.51% | 31.51% | 31.51% | 31.51% | 31.51% | 31.51% | 31.51% | 0% | 0% | 0% |
| No. of Shareholders | 7110 | 7110 | 7110 | 7110 | 7110 | 7110 | 7110 | 7110 | 7110 | 9 | 9 | 9 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1563.16 | Buy |
| EMA (10) | 1571.41 | Buy |
| SMA (20) | 1591.75 | Sell |
| EMA (20) | 1577 | Sell |
| SMA (50) | 1581.89 | Sell |
| EMA (50) | 1599.73 | Sell |
| SMA (100) | 1666.45 | Sell |
| EMA (100) | 1663.76 | Sell |
| SMA (200) | 1821.63 | Sell |
| EMA (200) | 1751.28 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.51 | Neutral |
| MACD (12,26,9) | -6.71 | Sell |
| Stochastic (14,3,3) | 62.08 | Neutral |
| ADX (14) | 19.33 | Neutral |
| Williams %R (14) | -48.88 | Neutral |
| ATR (14) | 63.35 | High Volatility |
| ROC (12) | -1.75 | Sell |
| Stoch RSI (14) | 61.8 | Neutral |
| UO (7,14,28) | 52.93 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-28 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d025125-74de-4b84-89a2-a9d028a32624.pdf) |
| 2026-08-27 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=950454fa-9206-4690-ad4a-d6442b4538c8.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e13d933-9735-431a-9c21-4b66e6d78c45.pdf) |
| 2026-08-24 | [Notice Of 42Nd Annual General Meeting Of Riga Sugar Co. Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=25a6a55d-c26e-4f10-b33c-b6dcbf0156c8.pdf) |
| 2026-08-24 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=db7aa63e-b650-4952-92bf-1f3e48ea8c4b.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2a33154b-efc3-4c70-92c9-d91a32c28808.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11552c91-0a6d-45fd-b094-1275bff3dd8b.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc141a05-ccfb-41d7-9a93-7f521e9ed1ba.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=53f73128-c0db-4119-bfa0-f90cd1d02301.pdf) |
| 2026-08-13 | [Appointment Of Secretarial Auditor](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e025c03-2679-4c42-81b7-2871839de5db.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Jul 2025 - Riga Sugar under liquidation; sold as going concern Dec 2024; adverse audit due to erosion, suspension, and uncertainties. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/12ccacb6-598c-414c-aff9-6a691965f9fd.pdf) |
| 4 Jun 2025 - Liquidator meeting on June 5, 2025, to approve FY 2023 and 2024 financial results during liquidation. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/75755c6b-76fd-4f61-831e-9ece3fb169d2.pdf) |
| 29 Mar 2025 - Unable to examine records for RIGA SUGAR CO LTD. | [Compliance Under Regulation 40(9) 29 Mar 2025 - Unable to examine records for RIGA SUGAR CO LTD.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/05a810b9-0a80-4aca-9269-c157c836cd21.pdf) |
| 16 Jan - Unitholding pattern for PropShare Platina quarter ended Dec 31, 2025: total 3,361 units; sponsor 169 (5.03%), public 3,192 (94.97%). | [Unit Holding Pattern 16 Jan - Unitholding pattern for PropShare Platina quarter ended Dec 31, 2025: total 3,361 units; sponsor 169 (5.03%), public 3,192 (94.97%).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f03110e8-bfc6-46b2-ae9b-fc0322f2452d.pdf) |
| 16 Jan - PropShare Platina filed Corporate Governance Part A report for quarter ended Dec 31, 2025. | [Reg 26E: Quarterly Compliance Report on Corporate governance 16 Jan - PropShare Platina filed Corporate Governance Part A report for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a525c32-c19e-44d1-938f-555d88ad7bc5.pdf) |
| 16 Jan - Investor grievance report for quarter ended 31-Dec-2025: 8 complaints received, 6 resolved, 2 pending; average redressal 5 days. | [Investor Complaints 16 Jan - Investor grievance report for quarter ended 31-Dec-2025: 8 complaints received, 6 resolved, 2 pending; average redressal 5 days.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b094c54f-b906-4340-bd43-a2c60a921192.pdf) |
| 16 Jan - Distribution for quarter ended Dec 31, 2025; record date Jan 21, 2026; payment by Jan 29, 2026. | [Reg 18(16): Disclosure of record date for purpose of distribution 16 Jan - Distribution for quarter ended Dec 31, 2025; record date Jan 21, 2026; payment by Jan 29, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6919553-0ebc-4747-850c-edba4658559d.pdf) |
| 16 Jan - Declared ₹23,814.96 per unit distribution (₹80.04m) for quarter ended Dec 31, 2025; unaudited results approved. | [Reg 23(5)(i): Disclosure of material issue 16 Jan - Declared ₹23,814.96 per unit distribution (₹80.04m) for quarter ended Dec 31, 2025; unaudited results approved.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a262c640-a4eb-41dd-b292-2683122e4ab9.pdf) |
| 12 Sep 2025 - Auditor adverse review: company in liquidation; liabilities Rs35,204L, negative equity Rs21,565L; sale certificate issued Dec18,2024. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2bf620e0-5e27-41ee-bfec-d1b5249443ea.pdf) |
| — | [Results-Delay in Financial Results 12 Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/183f483e-195a-42be-aa25-9a53fee4bd34.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/507508/70030507508_23_09_21.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/507508/67830507508_01_01_21.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/507508/5075080319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/507508/5075080318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/507508/5075080317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/507508/5075080316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/507508/5075080315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/507508/5075080314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/507508/5075080313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/507508/5075080312.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:50:15.387Z.