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 Rs. 13,680.66 cr., as of 24th October 2024.

2. What are the best sugar stocks?

Based on a 5-yr CAGR, the top sugar stocks are: Piccadily Agro Industries Ltd Gayatri Sugars Ltd Sir Shadi Lal Enterprises Ltd Rana Sugars Ltd Indian Sucrose Ltd

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

The disadvantages of the sugar sector include an overreliance on rainfall, excessive production in recent years leading to oversupply and driving prices below production costs, and a decline in global prices for this commodity.

4. Which are the top 5 sugar stocks in India in October 2024?

Based on a 1-month return, the top 5 sugar stocks in India are: Prudential Sugar Corp Ltd Bannari Amman Sugars Ltd Indian Sucrose Ltd Balrampur Chini Mills Ltd Oswal Overseas Ltd

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

Uttar Pradesh is the leading sugarcane producer in India, contributing approximately 39% to the nation’s total sugarcane output. The state boasts the largest sugarcane cultivation area in the country, earning it the nickname “Sugar Bowl of India.”

Best Sugar Stocks in India 2024

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 (2024)

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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 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.

Balrampur Chini Mills Ltd

Established in 1975, Balrampur Chini Mills Ltd is one of the largest integrated sugar manufacturing companies in India. The company is engaged in the production of sugar, ethanol, and power generation. It operates 10 sugar mills across Uttar Pradesh.

Triveni Engineering and Industries Ltd

Triveni Engineering and Industries Ltd, founded in 1932, is a diversified industrial conglomerate primarily involved in the sugar and engineering sectors. The company operates a number of sugar mills and is also engaged in the manufacturing of gears and water treatment equipment.

Shree Renuka Sugars Ltd

Incorporated in 1998, Shree Renuka Sugars Ltd is a leading integrated sugar manufacturing company 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.

Piccadily Agro Industries Ltd

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

Advantages of Investing in Sugar Stocks

Array of Complementary Products and Services

The sugar sector offers a broad spectrum of products and services, encompassing table sugar, white refined sugar, jaggery, ethanol, and power generation. This diversity offers investors a plethora of investment avenues to explore.

Long-term Growth Potential

Investors venturing into sugar sector stocks stand to capitalise on long-term growth prospects fueled by escalating demand for sweeteners. With prudent management, this uptick in demand could yield sustainable returns.

Steady Profits

Because of their extensive array of products and services, sugar sector stocks frequently deliver consistent profits to investors. This reliability may appeal to individuals seeking stable returns over time.

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Factors to Consider Before Investing in Sugar Stocks

There are a few factors that you should consider before investing in sugar stocks. Some of them are enumerated below.

Global Sugar Demand and Supply

Sugar supply and demand are affected by various factors, such as economic conditions, government policies, and changes in consumer preferences. To invest in sugar sector stocks, you must gauge the demand and supply of sugar products.

Weather Conditions

Sugar crops are sensitive to weather conditions, which can impact their production and distribution. For instance, drought, floods, or other natural disasters can negatively impact sugar production and may affect the stock prices of sugar companies.

Government Policies

New government rules, regulations, and policies may affect the profitability of sugar companies and the overall future of sugarcane stocks in India. Hence, you must keep track of new government regulations if you want to invest in sugar sector stocks.

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%.

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Frequently Asked Questions on Sugar Stocks

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 Rs. 13,680.66 cr., as of 24th October 2024.
2. What are the best sugar stocks?
Based on a 5-yr CAGR, the top sugar stocks are:
1. Piccadily Agro Industries Ltd
2. Gayatri Sugars Ltd
3. Sir Shadi Lal Enterprises Ltd
4. Rana Sugars Ltd
5. Indian Sucrose Ltd
3. What are some of the key disadvantages of the sugar sector?
The disadvantages of the sugar sector include an overreliance on rainfall, excessive production in recent years leading to oversupply and driving prices below production costs, and a decline in global prices for this commodity.
4. Which are the top 5 sugar stocks in India in October 2024?
Based on a 1-month return, the top 5 sugar stocks in India are:
1. Prudential Sugar Corp Ltd
2. Bannari Amman Sugars Ltd
3. Indian Sucrose Ltd
4. Balrampur Chini Mills Ltd
5. Oswal Overseas Ltd
5. Who is the largest producer of sugarcane in India?
Uttar Pradesh is the leading sugarcane producer in India, contributing approximately 39% to the nation’s total sugarcane output. The state boasts the largest sugarcane cultivation area in the country, earning it the nickname “Sugar Bowl of India.”