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# 63 Daily Money Show | Money Purse Stock Market News

101.7K views · May 13, 2021 · 12:47 min · Watch on YouTube ↗
Takeaway

For sugar exposure, prefer UP-based focused players with existing distillery capacity, clean balance sheets, and unpledged promoter holdings — ignore historical heavyweights with debt and pledge issues.

Summary

  • Updates the sugar stocks watchlist after subscriber requests — covers ~21 of ~30 listed sugar companies above Rs 166 cr market cap
  • Filtering framework: prefers UP-based companies (higher cane yields and raw material availability vs South India), existing distillery capacity (ethanol capacity takes 12 months to build), low debt/equity, no promoter pledge, return ratios and EV/EBITDA
  • Rally drivers: (1) global sugar supply-demand mismatch as Thailand/North America production falls, (2) ethanol blending opportunity which can reduce sugar industry's high cyclicality
  • Rejects EID Parry (South-based, diversified into fertilizers — market prefers focused names), Shri Renuka Sugars (high debt, loss-making, majority promoter holding pledged), and Bajaj Hindusthan (high debt, promoter pledge issues)
  • Also covers Happiest Minds results and a small-cap that delivered strong quarterly numbers
sugar stocksethanolstock screening
Original description
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