Scripscan:Empee Sugars & Chemicals Ltd
cmp:16
Code:500132
Story:Empee Sugars and Chemicals Limited engages in the manufacture and sale of sugar and industrial alcohol in India. It offers cane sugar, rectified spirits, and extra neutral spirits, as well as bio-mass fertilizers. The company is based in Nellore, India. Empee Sugars and Chemicals Limited is a subsidiary of Empee Distilleries Limited.Empee sugars performance has been pathetic to say the least over the last few quarters.Empee Sugars & Chemicals reported net loss of Rs 12.47 crore in the quarter ended December 2011 as against net profit of Rs 11.44 crore during the previous quarter ended December 2010. Sales declined 81.60% to Rs 22.25 crore in the quarter ended December 2011 as against Rs 120.95 crore during the previous quarter ended December 2010. If one has to stay with sugar then best thing would be to be with the leaders.Smaller players would find it pretty tough to find their feat.Investors having empee sugars should exit at rallies.
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