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Best Sugar Stocks in India

The Indian sugar industry is the second-largest agro-based industry in the country, contributing significantly to the economy. Here's the list to top sugar stocks listed in NSE.

Best Sugar Stocks (2025)

Sugar Stocks

List of Sugar stocks listed in NSE.
last updated at 6:30 AM IST 
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Showing 1 - 20 of 37 results

last updated at 6:30 AM IST 
NameStocks (37)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose PricePE RatioPE Ratio1M Return1M Return6M Return6M Return1Y Return1Y ReturnPB RatioPB RatioReturn on EquityReturn on EquityROCEROCE
1.E I D-Parry (India) LtdEIDPARRYSugarSugar14,162.7114,162.71770.10770.1015.7415.7421.4221.42-9.09-9.0930.8230.821.261.268.678.6720.3320.33
2.Balrampur Chini Mills LtdBALRAMCHINSugarSugar11,469.0611,469.06551.95551.9521.4621.4628.8228.82-16.46-16.4644.0044.003.373.3716.9816.9820.8220.82
3.Triveni Engineering and Industries LtdTRIVENISugarSugar8,338.928,338.92378.70378.7021.1021.108.278.27-18.03-18.0313.4913.492.872.8714.2014.2017.5917.59
4.Shree Renuka Sugars LtdRENUKASugarSugar6,185.396,185.3927.6427.64-9.86-9.8610.0810.08-45.57-45.57-36.61-36.61-4.30-4.30--20.9720.97
5.Piccadily Agro Industries LtdPICCADILSugarSugar5,534.415,534.41566.70566.7050.4350.43-3.67-3.67-21.55-21.5554.4654.4616.2916.2938.4338.4337.4037.40
6.Bannari Amman Sugars LtdBANARISUGSugarSugar4,782.894,782.893,687.653,687.6531.4031.4016.9116.91-1.77-1.7740.8040.802.832.839.409.4013.7113.71
7.Dalmia Bharat Sugar and Industries LtdDALMIASUGSugarSugar3,133.573,133.57377.30377.3011.5011.5030.3530.35-33.33-33.33-0.63-0.631.071.079.679.6711.6111.61
8.Bajaj Hindusthan Sugar LtdBAJAJHINDSugarSugar2,502.692,502.6918.4218.42-28.96-28.966.056.05-54.46-54.46-44.77-44.770.560.56-1.93-1.930.710.71
9.Uttam Sugar Mills LtdUTTAMSUGARSugarSugar1,042.511,042.51263.00263.007.897.8956.2856.28-30.84-30.84-25.59-25.591.501.5020.7820.7826.2026.20
10.Avadh Sugar & Energy LtdAVADHSUGARSugarSugar926.05926.05434.55434.557.237.2326.6526.65-43.43-43.43-26.38-26.380.900.9013.3513.3520.3220.32
11.Magadh Sugar & Energy LtdMAGADSUGARSugarSugar924.69924.69651.45651.457.947.9442.7542.75-25.12-25.1214.7914.791.241.2416.8116.8121.7721.77
12.Dhampur Sugar Mills LtdDHAMPURSUGSugarSugar825.19825.19120.33120.336.146.147.847.84-46.39-46.39-47.86-47.860.750.7512.5312.5317.0517.05
13.Dwarikesh Sugar Industries LtdDWARKESHSugarSugar739.54739.5437.6437.648.858.857.177.17-49.92-49.92-50.73-50.730.900.9010.7010.7015.8915.89
14.Ugar Sugar Works LtdUGARSUGARSugarSugar514.86514.8643.6643.6624.3424.34-1.25-1.25-49.75-49.75-44.66-44.662.192.199.309.3022.3222.32
15.Dhampur Bio Organics LtdDBOLSugarSugar458.27458.2767.6467.649.869.8615.7115.71-54.78-54.78-49.47-49.470.450.454.654.658.798.79
16.KCP Sugar and Industries Corp LtdKCPSUGINDSugarSugar410.45410.4535.2135.216.206.2012.7012.70-34.31-34.31-8.31-8.310.940.9416.3116.3118.1918.19
17.Davangere Sugar Company LtdDAVANGERESugarSugar357.08357.083.773.7729.1729.17-13.41-13.41-44.56-44.56-57.92-57.921.051.053.753.758.718.71
18.Mawana Sugars LtdMAWANASUGSugarSugar356.24356.2488.1488.149.469.4612.7212.72-25.96-25.96-6.73-6.730.870.879.489.4819.7019.70
19.Kothari Sugars and Chemicals LtdKOTARISUGSugarSugar293.09293.0934.1534.159.949.9410.1210.12-38.87-38.87-41.52-41.521.051.0511.0011.0014.4214.42
20.Ponni Sugars (Erode) LtdPONNIERODESugarSugar276.83276.83309.55309.555.915.9114.1514.15-36.04-36.04-27.34-27.340.500.509.339.339.149.14

Overview of the Best Sugar Stocks

E I D-Parry (India) Ltd

Founded in 1788, E I D-Parry (India) Ltd is one of the oldest sugar-producing companies in India and a leading player in the sugar industry. It operates under the Murugappa Group and is involved in the production of sugar, biopesticides, and nutraceuticals. The company is also engaged in the manufacture of alcohol and has investments in renewable energy. As one of the major sugar investment stocks, its market presence remains significant.

Balrampur Chini Mills Ltd

Established in 1975, Balrampur Chini Mills Ltd is one of the largest integrated sugar industry stocks in India. The company is engaged in the production of sugar, ethanol, and power generation, playing a key role in the sugar stock market. It operates 10 sugar mills across Uttar Pradesh and has been a consistent performer in the sugar sector. Furthermore, the company also has a sugar stocks dividend yield of 0.56.

Triveni Engineering and Industries Ltd

Triveni Engineering and Industries Ltd, founded in 1932, is a diversified industrial conglomerate primarily involved in the sugar sector stocks and engineering sectors. The company operates multiple sugar mills and is also engaged in the manufacturing of gears and water treatment equipment. The company has strong linkages with ethanol production, making it relevant for investors tracking the FMCG sugar stocks and ethanol link.

Shree Renuka Sugars Ltd

Incorporated in 1998, Shree Renuka Sugars Ltd is one of the integrated sugar refinery stocks with a strong presence in ethanol and power generation. It is one of the largest sugar refiners in the world and has operations spread across India and Brazil. Its prominence in ethanol blending programs makes it a crucial player when tracking sugar stock trends.

Piccadily Agro Industries Ltd

Piccadily Agro Industries Ltd, established in 1994, is engaged in the production of sugar, alcohol, and power. The company has diversified into distilleries and holds a significant presence in the agro-based industry in India.

Advantages of Investing in Sugar Stocks

Array of Complementary Products and Services

The sugar stock market offers a broad spectrum of products and services, encompassing table sugar, white refined sugar, jaggery, ethanol, and power generation. This diversity provides multiple avenues for investors exploring long-term sugar stocks.

Long-term Growth Potential

Investors venturing into sugar stocks in India can capitalise on long-term growth prospects fueled by increasing demand for sweeteners. With prudent management, this growth could yield sustainable returns, contributing to the overall sugar industry growth.

Steady Profits

Because of their extensive product portfolio, sugar shares often deliver stable profits to investors. This consistency may appeal to those seeking stable returns over time, particularly those comparing sugar stocks vs FMCG stocks.

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Factors to Consider Before Investing in Sugar Stocks

Global Sugar Demand and Supply

Various factors, such as economic conditions, government policies, and consumer preferences influence sugar stock prices. Investors conducting a sugar stock analysis can gauge global demand and supply trends before making investment decisions.

Weather Conditions

Sugar crops are highly sensitive to weather conditions, which can impact their production and distribution. Adverse weather events such as droughts or floods may affect the sugar stock forecast, causing price fluctuations in the sugar stock market.

Government Policies

New government regulations can impact the profitability of sugar industry stocks and the overall future of sugar sector stocks in India. Keeping track of policy changes is essential for investors interested in tracking sugar stock trends.

Enhancing Profitability

Ethanol may be found in molasses, a by-product of the sugar industry. When ethanol is blended with petrol, it produces a cheaper and cleaner source of energy. To promote this, the Indian government aims to achieve 20% blending of ethanol in petrol by 2025, compared to the present levels of 10%.

Frequently Asked Questions on Sugar Stocks

  1. 1. Which is the biggest sugar company in India?

    Based on market capitalisation, E I D-Parry (India) Ltd is the biggest sugar company in India, with a market capitalisation of ₹13,942.26 cr., as of 25th March 2025.

  2. 2. What are the best sugar stocks?

    Based on a 5-year CAGR, the top sugar stocks in India are:
    1. Piccadily Agro Industries Ltd
    2. Gayatri Sugars Ltd
    3. Triveni Engineering and Industries Ltd
    4. Magadh Sugar & Energy Ltd
    5. SBEC Sugar Ltd

  3. 3. What are some key disadvantages of the sugar sector?

    Challenges include overreliance on rainfall, excessive production leading to oversupply and reduced sugar stock prices and fluctuations in global sugar prices.

  4. 4. How does the ethanol blending policy impact sugar stocks?

    The ethanol blending policy can positively influence sugar stocks by increasing demand for ethanol production, a key by-product of sugar manufacturing. This policy shift can enhance the profitability of sugar companies involved in ethanol production.

  5. 5. Who is the largest producer of sugarcane in India?

    Uttar Pradesh leads India in sugarcane production, contributing approximately 39% to the nation’s total output. The state has the largest sugarcane cultivation area, earning it the nickname “Sugar Bowl of India.”