Which is the biggest sugar company in India?

Based on market capitalisation, E I D-Parry (India) Ltd is the biggest sugar company on the sugar stocks list in India, with a market capitalisation of ₹18,237.91 cr., as of 14th November 2025. Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing in anything.

What are the best sugar stocks?

Based on a 5-year CAGR, the top sugar stocks in India are: Piccadily Agro Industries Ltd Gayatri Sugars Ltd Triveni Engineering and Industries Ltd Magadh Sugar & Energy Ltd SBEC Sugar Ltd Disclaimer: Please note that this sugar stocks list is not a recommendation. Please do your own research or consult your financial advisor before investing in anything.

What are some key disadvantages of the sugar sector?

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

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.

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.”

Is it good to invest in sugar?

Sugar stocks can offer diversification and exposure to India's agricultural sector with ethanol growth potential, but they carry significant risks, including regulatory controls, weather dependency, cyclical volatility, and pricing pressures that require careful evaluation. Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing in anything.

List of the Top Sugar Stocks in India (2025)

Q: How to invest in sugar stocks?

Here’s how you can invest in sugar stocks - Go to the Tickertape Stock Screener Click on 'Ethanol Stocks'. Analyse and sort the Sugar Stocks using over 200+ filters, including valuation ratios, financials, technical indicators, and more, based on your investment thesis. Review the filtered sugar share list, and identify stocks that best align with your risk appetite, return expectations, and investment goals. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Sugar Stocks. Disclaimer: Please do your own research or consult your financial advisor before investing.

India remains one of the world’s largest producers and consumers of sugar. For FY 2024-25, India’s sugar production is estimated at around 25.8 mn metric tons, a decline of nearly 19% year-on-year due to lower cane yields and erratic monsoons. This article covers the top sugar industry stocks in India for 2025, Union Budget updates, benefits, risks, and more!

Best Sugar Sector Stocks (2025)

Sugar Stock Screener

Sugar Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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Showing 1 - 20 of 36 results

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	NameStocks (36)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE RatioPE Ratio↓	↓1D Return1D Return↓	↓1M Return1M Return↓	↓6M Return6M Return↓	↓1Y Return1Y Return↓	↓PB RatioPB Ratio↓	↓Return on EquityReturn on Equity↓	↓ROCEROCE↓	↓Dividend YieldDiv Yield↓	↓Debt to EquityDebt to Equity↓	↓Volatility vs NiftyVolatility vs Nifty↓
1.	E I D-Parry (India) Ltd EIDPARRY	SugarSugar	18,420.5018,420.50	1,034.401,034.40	20.9720.97	-0.12-0.12	-2.60-2.60	5.595.59	13.5313.53	1.421.42	7.287.28	20.2320.23	--	0.210.21	2.572.57
2.	Balrampur Chini Mills Ltd BALRAMCHIN	SugarSugar	8,970.648,970.64	441.90441.90	20.5320.53	-0.52-0.52	-3.34-3.34	-25.81-25.81	-25.25-25.25	2.362.36	12.1412.14	14.3414.34	0.680.68	0.690.69	2.742.74
3.	Triveni Engineering and Industries Ltd TRIVENI	SugarSugar	7,811.377,811.37	353.85353.85	32.1232.12	-0.84-0.84	-1.19-1.19	-16.50-16.50	-13.40-13.40	2.472.47	8.038.03	10.9410.94	0.700.70	0.630.63	2.742.74
4.	Piccadily Agro Industries Ltd PICCADIL	SugarSugar	6,174.826,174.82	589.75589.75	60.3360.33	1.371.37	-17.73-17.73	-2.28-2.28	-2.28-2.28	9.089.08	20.0720.07	20.1020.10	--	0.450.45	3.353.35
5.	Shree Renuka Sugars Ltd RENUKA	SugarSugar	5,683.075,683.07	26.7726.77	-18.96-18.96	0.260.26	-10.10-10.10	-19.25-19.25	-37.61-37.61	-3.39-3.39	--	25.5725.57	--	--	2.842.84
6.	Bannari Amman Sugars Ltd BANARISUG	SugarSugar	4,514.544,514.54	3,600.803,600.80	43.1343.13	0.020.02	0.010.01	-8.03-8.03	-3.47-3.47	2.542.54	6.046.04	9.259.25	0.350.35	0.080.08	2.222.22
7.	Bajaj Hindusthan Sugar Ltd BAJAJHIND	SugarSugar	2,523.102,523.10	19.7819.78	-107.05-107.05	0.000.00	-11.85-11.85	-19.03-19.03	-41.81-41.81	0.590.59	-0.54-0.54	0.910.91	--	0.840.84	3.233.23
8.	Dalmia Bharat Sugar and Industries Ltd DALMIASUG	SugarSugar	2,411.182,411.18	295.55295.55	6.236.23	-0.79-0.79	-10.00-10.00	-32.40-32.40	-31.73-31.73	0.750.75	12.5412.54	10.3210.32	2.012.01	0.320.32	3.263.26
9.	Uttam Sugar Mills Ltd UTTAMSUGAR	SugarSugar	893.47893.47	230.90230.90	10.1210.12	-1.43-1.43	-6.56-6.56	-26.35-26.35	-22.20-22.20	1.091.09	--	17.0617.06	1.071.07	1.011.01	3.343.34
10.	Dhampur Sugar Mills Ltd DHAMPURSUG	SugarSugar	786.73786.73	121.03121.03	15.0715.07	-1.07-1.07	-10.04-10.04	-17.96-17.96	-35.24-35.24	0.680.68	4.634.63	8.828.82	--	0.810.81	2.972.97
11.	Avadh Sugar & Energy Ltd AVADHSUGAR	SugarSugar	724.87724.87	359.60359.60	8.248.24	-0.69-0.69	-15.33-15.33	-34.26-34.26	-40.77-40.77	0.660.66	8.268.26	14.7514.75	2.762.76	1.251.25	2.942.94
12.	Dwarikesh Sugar Industries Ltd DWARKESH	SugarSugar	720.08720.08	38.4538.45	30.8730.87	-1.06-1.06	-9.42-9.42	-21.00-21.00	-40.90-40.90	0.890.89	2.872.87	7.207.20	--	0.630.63	3.223.22
13.	Magadh Sugar & Energy Ltd MAGADSUGAR	SugarSugar	671.61671.61	476.50476.50	6.146.14	-0.02-0.02	-13.03-13.03	-36.28-36.28	-34.15-34.15	0.810.81	13.8613.86	17.4717.47	2.622.62	0.850.85	3.453.45
14.	Davangere Sugar Company Ltd DAVANGERE	SugarSugar	599.17599.17	3.873.87	54.7754.77	-7.64-7.64	12.3312.33	7.807.80	-34.41-34.41	1.711.71	3.173.17	8.488.48	--	0.770.77	3.693.69
15.	Dhampur Bio Organics Ltd DBOL	SugarSugar	503.86503.86	76.9976.99	34.3034.30	0.550.55	-4.29-4.29	2.502.50	-40.24-40.24	0.500.50	1.451.45	6.296.29	1.651.65	1.151.15	2.992.99
16.	Ugar Sugar Works Ltd UGARSUGAR	SugarSugar	462.60462.60	41.3041.30	-28.45-28.45	0.440.44	-4.33-4.33	-14.83-14.83	-45.94-45.94	2.142.14	-7.21-7.21	8.318.31	--	2.832.83	3.003.00
17.	Mawana Sugars Ltd MAWANASUG	SugarSugar	321.42321.42	82.2182.21	2.942.94	0.050.05	-6.56-6.56	-22.25-22.25	-21.67-21.67	0.650.65	24.2624.26	31.6131.61	4.874.87	0.850.85	2.302.30
18.	KCP Sugar and Industries Corp Ltd KCPSUGIND	SugarSugar	307.95307.95	26.9626.96	21.4021.40	-0.74-0.74	-12.72-12.72	-25.87-25.87	-45.91-45.91	0.680.68	3.243.24	7.217.21	0.370.37	0.220.22	3.083.08
19.	K M Sugar Mills Ltd KMSUGAR	SugarSugar	245.18245.18	27.5027.50	6.906.90	3.193.19	-4.00-4.00	-6.84-6.84	-20.41-20.41	0.720.72	11.0811.08	18.0918.09	--	0.830.83	2.552.55
20.	Ponni Sugars (Erode) Ltd PONNIERODE	SugarSugar	244.20244.20	277.15277.15	12.6712.67	-2.41-2.41	-6.85-6.85	-16.70-16.70	-35.96-35.96	0.460.46	3.563.56	5.095.09	1.061.06	0.000.00	2.552.55

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Sugar | Market Cap: Sorted from Highest to Lowest

Union Budget Updates that Affect the Sugar Sector in India

The Union Budget 2025-26, presented in February 2025, introduced several agricultural initiatives that indirectly benefit the sugar sector, though no sugar-specific allocations were announced.

Kisan Credit Card:The government enhanced the loan limit under the modified interest subvention scheme from Rs 3 lakh to Rs 5 lakh for loans taken through Kisan Credit Card, providing better financial access to sugarcane farmers and improving their ability to invest in cultivation.
PM Dhan Dhanya Krishi Yojana: The PM Dhan Dhanya Krishi Yojana was launched to improve agricultural conditions in 100 districts with low productivity, moderate crop intensity, and below-average credit access, benefiting approximately 1.7 crore farmers, including sugarcane cultivators.
Jal Jeevan Mission: The extension of the Jal Jeevan Mission until 2028 was welcomed by sugar industry leaders, as water conservation and responsible wastewater management are crucial for sugarcane cultivation and sugar mill operations.
Ethanol Policy Context: While the Union Budget 2025 did not announce specific changes to ethanol pricing or procurement policies, the government had previously removed all quantitative restrictions on ethanol production from sugarcane juice, syrup, and molasses for the 2025-26 ethanol supply year starting November 2024.

How to Invest in Sugar Stocks?

Investing in sugar stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in sugar stocks:

Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
Search for Sugar Stocks: Go to Tickertape Stock Screener and search for ethanol-related stocks.
Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter if your preferred parameters are not available. This can help you narrow down the top sugar-related stocks.
Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in-depth.
Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
Invest Through Your Broker: Once you’ve identified sugar stocks that align with your investment thesis, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

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.

What are Sugar Stocks?

Sugar stocks are shares of companies primarily engaged in sugar production and related activities within India's sugar industry. These companies typically operate sugar mills that crush sugarcane to produce white sugar, raw sugar, and various by-products. The sector has evolved beyond traditional sugar manufacturing to include integrated operations in ethanol production, cogeneration of power, and distillery operations.

Overview of the Sugar industry in India

India's sugar industry stands as one of the country's most significant agro-based sectors, playing a vital role in both the agricultural economy and rural employment. The sugarcane and sugar sector in India ranks second in terms of agro-based industries, after cotton.

India has emerged as the world's largest sugar producer, with production reaching 34.3 million metric tonnes, surpassing Brazil. The country's position has oscillated between first and second globally, depending on production cycles. Around 525 mills produced more than 30 million tonnes of sugar in recent crushing seasons, with some 50 million farmers and millions of more workers involved in sugarcane farming.

However, production has been volatile in recent years due to weather conditions. The sugar production estimate for the 2024/25 season was revised down to 28 million metric tons (raw value) due to the adverse impacts of El Niño and limited groundwater resources for irrigation.

Advantages of Investing in Sugar Stocks

Array of Complementary Products and Services

The sugar stock market offers a wide range of products and services. These include table sugar, white refined sugar, jaggery, ethanol, and power generation. This variety gives investors multiple options when exploring long-term sugar stocks.

Long-term Growth Potential

Investors who enter sugar stocks in India can tap into long-term growth driven by rising demand for sweeteners. With smart management, this growth could deliver sustainable returns and add to overall sugar industry growth.

Steady Profits

Sugar shares often deliver stable profits to investors because of their extensive product range. This consistency attracts those looking for stable returns over time, especially when comparing sugar stocks vs FMCG stocks.

Risks of Investing in Sugar Stocks in India

Regulatory Risks

The government heavily regulates sugar prices in India. It sets Minimum Selling Prices (MSP), controls export quotas, and imposes stock limits on mills. These interventions stop companies from taking advantage of good market conditions. They directly hit profitability and cash flows.

Sugarcane Pricing

Pressures State governments announce Fair and Remunerative Prices (FRP) or State Advised Prices (SAP) for sugarcane. Sugar mills must pay these prices to farmers. Prices often go up every year, sometimes rising faster than sugar prices. This squeezes margins and leaves companies exposed to poor cost-price dynamics.

Monsoon Dependency

Sugar production depends heavily on monsoon patterns and weather. Sugarcane needs substantial water to grow. Poor rainfall, droughts, or unexpected weather can slash sugarcane availability and lower sucrose content. This creates major swings in production volumes and revenues.

Cyclical Nature

The sugar sector moves through distinct cycles of surplus and shortage. These cycles typically run 3-5 years. During surplus years, too much production leads to inventory piling up, domestic prices falling, and working capital problems. Companies face extended periods of weak returns.

Export Restrictions

The government frequently imposes or lifts export restrictions based on domestic availability. This stops companies from benefiting when international prices are higher. When the government permits exports, global sugar price swings driven by production in major exporting countries like Brazil and Thailand affect what Indian companies earn from exports.

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Factors to Consider Before Investing in Sugar Stocks

Global Sugar Demand and Supply

Sugar stock prices respond to various factors like economic conditions, government policies, and consumer preferences. Investors doing sugar stock analysis can measure global demand and supply trends before they invest.

Weather Conditions

Sugar crops react strongly to weather conditions, which can affect production and distribution. Bad weather events like droughts or floods may impact the sugar stock forecast and cause sugar share price swings in the market.

Government Policies

New government regulations can change how profitable sugar industry stocks are and affect the future of sugar sector stocks in India. Investors interested in tracking sugar stock trends need to watch policy changes closely.

Enhancing Profitability

Molasses, a by-product of the sugar industry, contains ethanol. When you blend ethanol with petrol, it creates a cheaper and cleaner energy source. The Indian government wants to promote this. It aims to achieve 20% blending of ethanol in petrol by 2025, up from the current 10% levels.

Conclusion

India’s sugar industry continues to play a vital role in supporting the rural economy and contributing to export earnings. Although sugar production declined to around 25.8 mn metric tons in FY 2024-25, the sector remains resilient, supported by ethanol-blending programmes, favourable policy measures, and consistent domestic demand. You can explore the listed sugar stocks in India using the Tickertape Stock Screener. Filter companies by revenue growth, debt levels, return ratios, and other key financial metrics to analyse this evolving sector effectively using the 200+ filters available.

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Frequently Asked Questions on Sugar Stocks

Which is the biggest sugar company in India?
Based on market capitalisation, E I D-Parry (India) Ltd is the biggest sugar company on the sugar stocks list in India, with a market capitalisation of ₹18,237.91 cr., as of 14th November 2025.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing in anything.
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
Disclaimer: Please note that this sugar stocks list is not a recommendation. Please do your own research or consult your financial advisor before investing in anything.
What are some key disadvantages of the sugar sector?
Challenges include overreliance on rainfall, excessive production leading to oversupply, and reduced sugar share prices, as well as fluctuations in global sugar prices.
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.
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.”
Is it good to invest in sugar?
Sugar stocks can offer diversification and exposure to India's agricultural sector with ethanol growth potential, but they carry significant risks, including regulatory controls, weather dependency, cyclical volatility, and pricing pressures that require careful evaluation.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing in anything.
How to invest in sugar stocks?
Here’s how you can invest in sugar stocks - 
1. Go to the Tickertape Stock Screener
2. Click on 'Ethanol Stocks'.
3. Analyse and sort the Sugar Stocks using over 200+ filters, including valuation ratios, financials, technical indicators, and more, based on your investment thesis.
4. Review the filtered sugar share list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
5. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Sugar Stocks.
Disclaimer: Please do your own research or consult your financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.