- 03 Sept 2024
25 mins read- By: BlinkX Research Team
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Sugar stocks are shares of companies involved in sugar production, processing, and distribution, offering diversification opportunities and growth potential. With strong fundamentals, increasing demand, government support, and technological advancements driving growth, investing in sugar sector stocks can provide resilience in uncertain market conditions. India, the world's largest sugar consumer and producer, presents an opportunity for investors to tap into the long-term growth prospects of the sugar industry. However, investors must navigate risks such as fluctuating commodity prices and regulatory shifts.
In this article, we will look at best sugar stocks, and variables impacting sugar production and supply, and, using a variety of basic indicators, determine the top sugar stocks in India.
What are Sugar Stocks?
Sugar production in India increased by 3.69% to 120.7 lakh tonnes during the October-December quarter of this year, according to the Indian Sugar Mills Association (ISMA). The majority of sugar production comes from sugarcane extraction, with 80% coming from sugarcane extraction and 20% from sugar beet. Sugar prices are significantly influenced by factors such as monsoon season dependence, payment delays, drought conditions, government policies, ancillary product prices, and competition and export opportunities. The price of sugar is also influenced by ancillary products like animal feed and ethanol.
Table of Contents
- What are Sugar Stocks?
- Best Sugar Company Based on the Market Cap
- Top 10 Best Sugar Stocks Based on the Net Profit Margin
- Benefits of Investing in Sugar Stocks
- Risk Factors to Consider Before Investing in Sugar Stocks
Best Sugar Company Based on the Market Cap
Here are the best 10 sugar stocks based on the market cap:
Company Name | CAGR of 5 Years (28th Aug 24) | PE Ratio |
E I D-Parry (India) Ltd | 39.88% | 16.48 |
Shree Renuka Sugars Ltd | 47.08% | -15.28 |
Balrampur Chini Mills Ltd | 33.13% | 21.64 |
Triveni Engineering and Industries Ltd | 52.89% | 27.46 |
Bajaj Hindusthan Sugar Ltd | 49.95% | -65.42 |
Dalmia Bharat Sugar and Industries Ltd | 41.13% | 12.83 |
Bannari Amman Sugars Ltd | 23.27% | 26.48 |
Piccadily Agro Industries Ltd | 153.98% | 80.28 |
Dhampur Sugar Mills Ltd | 8.94% | 14.88 |
Dwarikesh Sugar Industries Ltd | 24.79% | 40.65 |
Disclaimer: The information provided on the above stocks is for informational purposes only. It is crucial to conduct thorough research before making any investment decisions regarding these stocks. We do not recommend trading any stocks without comprehensive research and professional financial advice. Always consult with a certified financial advisor to ensure informed and appropriate investment choices.
Top 10 Best Sugar Stocks Based on the Net Profit Margin
Here are the top 10 sugar stocks based on net profit margin:
EID-Parry (India) Ltd
A leading sugar producer in India, EID-Parry (India) Ltd operates several sugar mills across the country. It is part of the Murugappa Group and also engages in bio-products and renewable energy sectors.
Get more details about E I D-Parry (India) Ltd share price today here.
Know the E I D-Parry (India) Ltd share price history here.
Shree Renuka Sugars Ltd
Shree Renuka Sugars Ltd is one of India's largest sugar producers and exporters, with operations spanning across multiple states. The company focuses on producing sugar, ethanol, and power.
Get more details about Shree Renuka Sugars Ltd share price today here.
Know the Shree Renuka Sugars Ltd share price history here.
Balrampur Chini Mills Ltd
Balrampur Chini Mills Ltd is a major sugar manufacturing company in India, with multiple sugar mills and distilleries. It also engages in power generation from bagasse and ethanol production.
Get more details about Balrampur Chini Mills Ltd share price today here.
Know the Balrampur Chini Mills Ltd share price history here.
Triveni Engineering and Industries Ltd
Triveni Engineering and Industries Ltd operates in sugar manufacturing, engineering, and water and wastewater treatment. It is a prominent player in the Indian sugar industry with a diversified portfolio.
Get more details about Triveni Engineering and Industries Ltd share price today here.
Know the Triveni Engineering and Industries Ltd share price history here.
Bajaj Hindusthan Sugar Ltd
A major sugar producer, Bajaj Hindusthan Sugar Ltd has several sugar mills and a significant presence in the ethanol sector. It is part of the Bajaj Group and also engages in power generation.
Get more details about Bajaj Hindusthan Sugar Ltd share price today here.
Know the Bajaj Hindusthan Sugar Ltd share price history here.
Dalmia Bharat Sugar and Industries Ltd:
Dalmia Bharat Sugar and Industries Ltd is involved in sugar production and has a significant presence in the Indian sugar industry. The company also invests in renewable energy and chemicals.
Get more details about Dalmia Bharat Sugar and Industries Ltd share price today here.
Know the Dalmia Bharat Sugar and Industries Ltd share price history here.
Bannari Amman Sugars Ltd
Bannari Amman Sugars Ltd is a key player in the Indian sugar industry with a focus on sugar manufacturing, ethanol production, and power generation from bagasse.
Get more details about Bannari Amman Sugars Ltd share price today here.
Know the Bannari Amman Sugars Ltd share price history here.
Piccadily Agro Industries Ltd
Piccadily Agro Industries Ltd engages in the production of sugar and other agro-based products. The company operates a sugar mill and focuses on sustainable agriculture.
Get more details about Piccadily Agro Industries Ltd share price today here.
Know the Piccadily Agro Industries Ltd share price history here.
Dhampur Sugar Mills Ltd:
Dhampur Sugar Mills Ltd is a major sugar producer in India, with multiple sugar mills and distilleries. The company is involved in the production of sugar, ethanol, and power.
Get more details about Dhampur Sugar Mills Ltd share price today here.
Know the Dhampur Sugar Mills Ltd share price history here.
Dwarikesh Sugar Industries Ltd
Dwarikesh Sugar Industries Ltd operates sugar mills and distilleries, focusing on sugar production, ethanol, and power generation from bagasse.
Get more details about Dwarikesh Sugar Industries Ltd share price today here.
Know the Dwarikesh Sugar Industries Ltd share price history here.
Top 10 Best Sugar Stocks Based on the Net Profit Margin
Here are the top 10 sugar stocks based on net profit margin:
Company Name | CAGR of 5 Years (28th Aug 24) | PE Ratio |
Sakthi Sugars Ltd | 38.11% | 4.27 |
Triveni Engineering and Industries Ltd | 52.89% | 27.46 |
KCP Sugar and Industries Corp Ltd | 33.54% | 6.98 |
Ponni Sugars (Erode) Ltd | 36.19% | 10.63 |
Gayatri Sugars Ltd | 72.17% | 791.67 |
Dalmia Bharat Sugar and Industries Ltd | 41.13% | 12.83 |
Kothari Sugars and Chemicals Ltd | 39.38% | 41.72 |
Indian Sucrose Ltd | 49% | 5.48 |
Dhampur Sugar Mills Ltd | 8.94% | 14.88 |
Balrampur Chini Mills Ltd | 33.13% | 21.64 |
Sakthi Sugars Ltd
Sakthi Sugars Ltd is engaged in the production of sugar, ethanol, and power. The company operates several sugar mills in South India and is part of the Sakthi Group.
Get more details about Sakthi Sugars Ltd share price today here.
Know the Sakthi Sugars Ltd share price history here.
Triveni Engineering and Industries Ltd
Triveni Engineering and Industries Ltd operates in sugar manufacturing, engineering, and water and wastewater treatment. It is a prominent player in the Indian sugar industry with a diversified portfolio.
Get more details about Triveni Engineering and Industries Ltd share price today here.
Know the Triveni Engineering and Industries Ltd share price history here.
KCP Sugar and Industries Corp Ltd
KCP Sugar and Industries Corp Ltd is involved in sugar production, distilleries, and power generation. The company has a presence in the Indian sugar sector and is part of the KCP Group.
Get more details about KCP Sugar and Industries Corp Ltd share price today here.
Know the KCP Sugar and Industries Corp Ltd share price history here.
Ponni Sugars (Erode) Ltd
Ponni Sugars (Erode) Ltd is a key player in the sugar industry with operations in sugar manufacturing and related sectors. The company is known for its sugar mills in Tamil Nadu.
Get more details about Ponni Sugars (Erode) Ltd share price today here.
Know the Ponni Sugars (Erode) Ltd share price history here.
Gayatri Sugars Ltd
Gayatri Sugars Ltd focuses on the production of sugar and operates sugar mills in India. The company is involved in sugar processing and related activities.
Get more details about Gayatri Sugars Ltd share price today here.
Know the Gayatri Sugars Ltd share price history here.
Dalmia Bharat Sugar and Industries Ltd
Dalmia Bharat Sugar and Industries Ltd is involved in sugar production and has a significant presence in the Indian sugar industry. The company also invests in renewable energy and chemicals.
Get more details about Dalmia Bharat Sugar and Industries Ltd share price today here.
Know the Dalmia Bharat Sugar and Industries Ltd share price history here.
Kothari Sugars and Chemicals Ltd
Kothari Sugars and Chemicals Ltd is engaged in sugar production, ethanol manufacturing, and power generation. The company operates multiple sugar mills in South India.
Get more details about Kothari Sugars and Chemicals Ltd share price today here.
Know the Kothari Sugars and Chemicals Ltd share price history here.
Indian Sucrose Ltd
Indian Sucrose Ltd operates in the sugar manufacturing sector, with a focus on producing sugar, ethanol, and power. The company has a presence in the Indian sugar industry.
Get more details about Indian Sucrose Ltd share price today here.
Know the Indian Sucrose Ltd share price history here.
Dhampur Sugar Mills Ltd
Dhampur Sugar Mills Ltd is a major sugar producer in India, with multiple sugar mills and distilleries. The company is involved in the production of sugar, ethanol, and power.
Get more details about Dhampur Sugar Mills Ltd share price today here.
Know the Dhampur Sugar Mills Ltd share price history here.
Balrampur Chini Mills Ltd
Balrampur Chini Mills Ltd is a major sugar manufacturing company in India, with multiple sugar mills and distilleries. It also engages in power generation from bagasse and ethanol production.
Get more details about Balrampur Chini Mills Ltd share price today here.
Know the Balrampur Chini Mills Ltd share price history here.
Top 10 Best Sugar Stocks Based on Return on Equity
Here is a brief description of the top 10 sugar stocks based on return on equity (ROE):
Company Name | CAGR of 5 Years (28th Aug 24) | PE Ratio |
Ugar Sugar Works Ltd | 46.20% | 13.49 |
Triveni Engineering and Industries Ltd | 52.89% | 27.46 |
Uttam Sugar Mills Ltd | 25.44% | 11.78 |
KCP Sugar and Industries Corp Ltd | 33.54% | 6.98 |
Gayatri Sugars Ltd | 72.17% | 791.67 |
Dalmia Bharat Sugar and Industries Ltd | 41.13% | 12.83 |
Kothari Sugars and Chemicals Ltd | 39.38% | 41.72 |
Indian Sucrose Ltd | 49% | 5.48 |
Dhampur Sugar Mills Ltd | 8.94% | 14.88 |
Dollex Agrotech Ltd | 60.0% | 13.27 |
Dwarikesh Sugar Industries Ltd | 24.79% | 40.65 |
Rana Sugars Ltd | 61.14% | 24.81 |
Ugar Sugar Works Ltd
Ugar Sugar Works Ltd is a prominent sugar producer with operations in manufacturing sugar, ethanol, and power generation. The company has several sugar mills and distilleries.
Get more details about Ugar Sugar Works Ltd share price today here.
Know the Ugar Sugar Works Ltd share price history here.
Triveni Engineering and Industries Ltd
Triveni Engineering and Industries Ltd operates in sugar manufacturing, engineering, and water and wastewater treatment. It is a prominent player in the Indian sugar industry with a diversified portfolio.
Get more details about Triveni Engineering and Industries Ltd share price today here.
Know the Triveni Engineering and Industries Ltd share price history here.
Uttam Sugar Mills Ltd
Uttam Sugar Mills Ltd focuses on sugar production and operates multiple sugar mills. The company is involved in sugar manufacturing and related sectors.
Get more details about Uttam Sugar Mills Ltd share price today here.
Know the Uttam Sugar Mills Ltd share price history here.
KCP Sugar and Industries Corp Ltd
KCP Sugar and Industries Corp Ltd is involved in sugar production, distilleries, and power generation. The company has a presence in the Indian sugar sector and is part of the KCP Group.
Get more details about KCP Sugar and Industries Corp Ltd share price today here.
Know the KCP Sugar and Industries Corp Ltd share price history here.
Gayatri Sugars Ltd
Gayatri Sugars Ltd focuses on the production of sugar and operates sugar mills in India. The company is involved in sugar processing and related activities.
Get more details about Gayatri Sugars Ltd share price today here.
Know the Gayatri Sugars Ltd share price history here.
Dalmia Bharat Sugar and Industries Ltd
Dalmia Bharat Sugar and Industries Ltd is involved in sugar production and has a significant presence in the Indian sugar industry. The company also invests in renewable energy and chemicals.
Get more details about Dalmia Bharat Sugar and Industries Ltd share price today here.
Know the Dalmia Bharat Sugar and Industries Ltd share price history here.
Kothari Sugars and Chemicals Ltd
Kothari Sugars and Chemicals Ltd is engaged in sugar production, ethanol manufacturing, and power generation. The company operates multiple sugar mills in South India.
Get more details about Kothari Sugars and Chemicals Ltd share price today here.
Know the Kothari Sugars and Chemicals Ltd share price history here.
Indian Sucrose Ltd
Indian Sucrose Ltd operates in the sugar manufacturing sector, with a focus on producing sugar, ethanol, and power. The company has a presence in the Indian sugar industry.
Get more details about Indian Sucrose Ltd share price today here.
Know the Indian Sucrose Ltd share price history here.
Dhampur Sugar Mills Ltd
Dhampur Sugar Mills Ltd is a major sugar producer in India, with multiple sugar mills and distilleries. The company is involved in the production of sugar, ethanol, and power.
Get more details about Dhampur Sugar Mills Ltd share price today here.
Know the Dhampur Sugar Mills Ltd share price history here.
Dollex Agrotech Ltd
Dollex Agrotech Ltd is engaged in the production of sugar and other agricultural products. The company operates sugar mills and focuses on agro-based industries.
Get more details about Dollex Agrotech Ltd share price today here.
Know the Dollex Agrotech Ltd share price history here.
Dwarikesh Sugar Industries Ltd
Dwarikesh Sugar Industries Ltd operates sugar mills and distilleries, focusing on sugar production, ethanol, and power generation from bagasse.
Get more details about Dwarikesh Sugar Industries Ltd share price today here.
Know the Dwarikesh Sugar Industries Ltd share price history here.
Rana Sugars Ltd
Rana Sugars Ltd operates in the sugar manufacturing sector with a focus on producing sugar and related products. The company is involved in various aspects of sugar production.
Get more details about Rana Sugars Ltd share price today here.
Know the Rana Sugars Ltd share price history here.
Best Sugar Stocks in India for Long-term (5-yr CAGR)
Here are the top 10 sugar stocks in India for the long term:
Company Name | CAGR of 5 Years (28th Aug 24) | PE Ratio |
Ugar Sugar Works Ltd | 46.20% | 13.49 |
Triveni Engineering and Industries Ltd | 52.89% | 27.46 |
Uttam Sugar Mills Ltd | 25.44% | 11.78 |
KCP Sugar and Industries Corp Ltd | 33.54% | 6.98 |
Kothari Sugars and Chemicals Ltd | 39.38% | 41.72 |
Indian Sucrose Ltd | 49% | 5.48 |
Dhampur Sugar Mills Ltd | 8.94% | 14.88 |
Dollex Agrotech Ltd | 60.0% | 13.27 |
Dwarikesh Sugar Industries Ltd | 24.79% | 40.65 |
Rana Sugars Ltd | 61.14% | 24.81 |
Ugar Sugar Works Ltd
Ugar Sugar Works Ltd is a prominent sugar producer with operations in manufacturing sugar, ethanol, and power generation. The company has several sugar mills and distilleries.
Get more details about Ugar Sugar Works Ltd share price today here.
Know the Ugar Sugar Works Ltd share price history here.
Triveni Engineering and Industries Ltd
Triveni Engineering and Industries Ltd operates in sugar manufacturing, engineering, and water and wastewater treatment. It is a prominent player in the Indian sugar industry with a diversified portfolio.
Get more details about Triveni Engineering and Industries Ltd share price today here.
Know the Triveni Engineering and Industries Ltd share price history here.
Uttam Sugar Mills Ltd
Uttam Sugar Mills Ltd focuses on sugar production and operates multiple sugar mills. The company is involved in sugar manufacturing and related sectors.
Get more details about Uttam Sugar Mills Ltd share price today here.
Know the Uttam Sugar Mills Ltd share price history here.
KCP Sugar and Industries Corp Ltd
KCP Sugar and Industries Corp Ltd is involved in sugar production, distilleries, and power generation. The company has a presence in the Indian sugar sector and is part of the KCP Group.
Get more details about KCP Sugar and Industries Corp Ltd share price today here.
Know the KCP Sugar and Industries Corp Ltd share price history here.
Kothari Sugars and Chemicals Ltd
Kothari Sugars and Chemicals Ltd is engaged in sugar production, ethanol manufacturing, and power generation. The company operates multiple sugar mills in South India.
Get more details about Kothari Sugars and Chemicals Ltd share price today here.
Know the Kothari Sugars and Chemicals Ltd share price history here.
Indian Sucrose Ltd
Indian Sucrose Ltd operates in the sugar manufacturing sector, with a focus on producing sugar, ethanol, and power. The company has a presence in the Indian sugar industry.
Get more details about Indian Sucrose Ltd share price today here.
Know the Indian Sucrose Ltd share price history here.
Dhampur Sugar Mills Ltd
Dhampur Sugar Mills Ltd is a major sugar producer in India, with multiple sugar mills and distilleries. The company is involved in the production of sugar, ethanol, and power.
Get more details about Dhampur Sugar Mills Ltd share price today here.
Know the Dhampur Sugar Mills Ltd share price history here.
Dollex Agrotech Ltd
Dollex Agrotech Ltd is engaged in the production of sugar and other agricultural products. The company operates sugar mills and focuses on agro-based industries.
Get more details about Dollex Agrotech Ltd share price today here.
Know the Dollex Agrotech Ltd share price history here.
Dwarikesh Sugar Industries Ltd
Dwarikesh Sugar Industries Ltd operates sugar mills and distilleries, focusing on sugar production, ethanol, and power generation from bagasse.
Get more details about Dwarikesh Sugar Industries Ltd share price today here.
Know the Dwarikesh Sugar Industries Ltd share price history here.
Rana Sugars Ltd
Rana Sugars Ltd operates in the sugar manufacturing sector with a focus on producing sugar and related products. The company is involved in various aspects of sugar production.
Get more details about Rana Sugars Ltd share price today here.
Know the Rana Sugars Ltd share price history here.
Benefits of Investing in Sugar Stocks
The following are the benefits of investing in sugar stock:
- Diversification: Adds exposure to an industry not directly correlated to the broader market, reducing overall portfolio risk and potentially enhancing returns.
- Growth Potential: Significant growth opportunity due to increasing demand for sugar and sugar-based products.
- Resilience: The sugar sector remains relatively resilient, providing a stable source of returns during market volatility.
- Value Opportunities: Undervalued PSU sugar stocks offer potential capital appreciation over the long term.
- Defensive Characteristics: PSU sugar stocks provide defensive characteristics, providing a stable revenue source during economic uncertainty.
Risk Factors to Consider Before Investing in Sugar Stocks
The following are the key considerations:
- Market Conditions: Understanding global commodity prices and demand dynamics is crucial for informed investment decisions.
- Supply and Demand Dynamics: Understanding factors influencing supply and demand can predict future sugar stock price movements.
- Government Policies: Understanding subsidies, tariffs, and trade agreements is crucial for penny sugar stocks in India.
- Financial Performance: Evaluating a government sugar company's financial performance, including revenue growth, profit margins, and debt free sugar stocks, is essential.
- Competitive Landscape: Understanding a company's competitive position is crucial for informed investment decisions.
Disclaimer: All the stock prices, market capitalization, net profits, and P/E ratios mentioned above are accurate as of March 2024. However, it's important to conduct thorough research before making any investment decisions in these stocks.
Conclusion
The future of sugar stocks in India looks promising, making investing in these stocks a rewarding experience for investors who understand the sector and its performance factors. Modern investment products can save time and provide a quick start, but it's advisable to conduct research and due diligence before making any investment decisions. So start your investment journey with a reliable online investment app today.
