Top Sugar Stocks in India
Indian sugar companies are entering FY 2025–26 on a strong footing. Ethanol sales have lifted profit margins, and recovery rates are improving in Maharashtra and Karnataka due to adequate monsoon support. Still, concerns around oversupply persist, with production likely to increase by nearly 20% year-on-year. In this blog, we will explore a list of sugar stocks in India.
Best Sugar Stocks
Tuesday, 8 July, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AVAD | Avadh Sugar & Energy Ltd | AVADHSUGAR | /stocks/avadh-sugar-and-energy-AVAD | Sugar | 504.65 | 830.50 | 354.40 | 1,010.23 | 11.49 | 37.31 | 0.98 | 1.98 | 13.35 | -20.99 | -4.81 | 166.38 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -1.21 |
| BACH | Balrampur Chini Mills Ltd | BALRAMCHIN | /stocks/balrampur-chini-mills-BACH | Sugar | 602.80 | 691.80 | 419.05 | 12,170.67 | 27.85 | 37.31 | 3.58 | 0.99 | 16.98 | 42.25 | 74.37 | 352.89 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.88 |
| BANN | Bannari Amman Sugars Ltd | BANARISUG | /stocks/bannari-amman-sugars-BANN | Sugar | 3,900.20 | 4,444.00 | 3,000.30 | 4,890.73 | 46.73 | 37.31 | 2.90 | 0.32 | 9.40 | 25.14 | 77.75 | 273.05 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.30 |
| BJHN | Bajaj Hindusthan Sugar Ltd | BAJAJHIND | /stocks/bajaj-hindusthan-sugar-BJHN | Sugar | 28.53 | 46.10 | 16.50 | 3,644.31 | -154.62 | 37.31 | 0.81 | 0.00 | -1.93 | -29.85 | 140.76 | 316.50 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.63 |
| DAMS | Dhampur Sugar Mills Ltd | DHAMPURSUG | /stocks/dhampur-sugar-mills-DAMS | Sugar | 156.82 | 234.00 | 110.00 | 1,008.45 | 19.32 | 37.31 | 0.92 | 0.00 | 12.53 | -29.38 | -27.31 | 14.13 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.84 |
| DAV | Davangere Sugar Company Ltd | DAVANGERE | /stocks/davangere-sugar-company-DAV | Sugar | 3.54 | 9.95 | 3.15 | 324.59 | 29.67 | 37.31 | 0.95 | 0.00 | 3.75 | -63.09 | 93.44 | 170.23 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 1.98 |
| DBO | Dhampur Bio Organics Ltd | DBOL | /stocks/dhampur-bio-organics-DBO | Sugar | 83.80 | 163.93 | 57.34 | 556.33 | 37.87 | 37.31 | 0.55 | 1.49 | 1.45 | -38.68 | -50.15 | -50.15 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 2.68 |
| DLMI | Dalmia Bharat Sugar and Industries Ltd | DALMIASUG | /stocks/dalmia-bharat-sugar-and-industries-DLMI | Sugar | 392.20 | 585.00 | 291.00 | 3,174.44 | 8.21 | 37.31 | 0.98 | 1.53 | 12.54 | -2.93 | 20.14 | 249.40 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.52 |
| DOLL | Dollex Agrotech Ltd | DOLLEX | /stocks/dollex-agrotech-DOLL | Sugar | 42.65 | 47.24 | 29.96 | 170.38 | 20.58 | 37.31 | 2.95 | 0.00 | 12.98 | 21.47 | 44.61 | 44.61 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.35 |
| DWAR | Dwarikesh Sugar Industries Ltd | DWARKESH | /stocks/dwarikesh-sugar-industries-DWAR | Sugar | 49.29 | 80.34 | 34.42 | 913.35 | 39.15 | 37.31 | 1.11 | 0.00 | 10.70 | -33.36 | -52.70 | 96.37 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.97 |
| EIDP | E I D-Parry (India) Ltd | EIDPARRY | /stocks/eid-parry-india-EIDP | Sugar | 1,092.80 | 1,129.00 | 639.00 | 19,429.56 | 22.12 | 37.31 | 1.73 | 0.82 | 8.67 | 40.27 | 107.26 | 314.33 | Smallcap | Materials | Food Products | Fertilizers & Agricultural Chemicals | -2.72 |
| GAY | Gayatri Sugars Ltd | GAYATRI | /stocks/gayatri-sugars-GAY | Sugar | 12.50 | 26.50 | 7.02 | 92.88 | 86.80 | 37.31 | -1.46 | 0.00 | 0.00 | -42.69 | 268.73 | 1,244.09 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.40 |
| HANS | Shree Hanuman Sugar & Industries Ltd | HANSUGAR | /stocks/shree-hanuman-sugar-and-industries-HANS | Sugar | 5.56 | 15.00 | 4.75 | 10.29 | -23.92 | 37.31 | 0.07 | 0.00 | -0.17 | -62.93 | 12.10 | 156.22 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -1.08 |
| KCPS | KCP Sugar and Industries Corp Ltd | KCPSUGIND | /stocks/kcp-sugar-and-industries-corp-KCPS | Sugar | 36.20 | 61.40 | 31.11 | 410.45 | 28.52 | 37.31 | 0.94 | 0.28 | 16.31 | -18.91 | 68.37 | 136.60 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -1.93 |
| KHAI | Khaitan (India) Ltd | KHAITANLTD | /stocks/khaitan-india-KHAI | Sugar | 120.68 | 167.50 | 71.56 | 58.86 | 8.43 | 37.31 | 2.91 | 0.00 | 6.95 | 55.98 | 157.86 | 555.87 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 1.09 |
| KMSU | K M Sugar Mills Ltd | KMSUGAR | /stocks/k-m-sugar-mills-KMSU | Sugar | 28.93 | 46.50 | 25.30 | 266.16 | 7.49 | 37.31 | 0.88 | 0.00 | 9.71 | -29.73 | 3.51 | 216.17 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.03 |
| KSRE | Kesar Enterprises Ltd | KESARENT | /stocks/kesar-enterprises-KSRE | Sugar | 78.89 | 187.00 | 61.00 | 79.52 | -1.09 | 37.31 | 0.41 | 0.00 | 66.48 | -55.78 | -3.02 | 182.25 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -3.66 |
| KTSG | Kothari Sugars and Chemicals Ltd | KOTARISUG | /stocks/kothari-sugars-and-chemicals-KTSG | Sugar | 37.54 | 63.15 | 31.30 | 311.16 | 29.86 | 37.31 | 1.12 | 0.00 | 11.00 | -34.76 | 9.61 | 173.02 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.48 |
| MAWS | Mawana Sugars Ltd | MAWANASUG | /stocks/mawana-sugars-MAWS | Sugar | 101.04 | 137.00 | 78.43 | 395.24 | 3.61 | 37.31 | 0.80 | 3.96 | 24.26 | -13.69 | 0.84 | 235.12 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.86 |
| MGAD | Magadh Sugar & Energy Ltd | MAGADSUGAR | /stocks/magadh-sugar-and-energy-MGAD | Sugar | 650.10 | 1,010.00 | 440.05 | 916.10 | 8.37 | 37.31 | 1.23 | 1.92 | 16.81 | -13.99 | 103.47 | 405.32 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.18 |
| OSW | Oswal Overseas Ltd | OSWALOR | /stocks/oswal-overseas-OSW | Sugar | 31.49 | 31.49 | 5.14 | 40.69 | -3.28 | 37.31 | 3.41 | 0.00 | -37.18 | 512.65 | 717.92 | 884.06 | Smallcap | null | Food Products | null | 0.00 |
| OSWAL | Indian Sucrose Ltd | INDSUCR | /stocks/indian-sucrose-OSWAL | Sugar | 113.55 | 166.80 | 79.00 | 197.31 | 5.14 | 37.31 | 0.92 | 0.00 | 16.53 | 5.14 | 92.46 | 377.10 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.40 |
| PARVA | Parvati Sweetners and Power Ltd | PARVATI | /stocks/parvati-sweetners-and-power-PARVA | Sugar | 7.73 | 12.30 | 6.24 | 115.29 | 198.77 | 37.31 | 1.14 | 0.00 | 1.42 | -33.36 | -7.54 | 537.19 | Smallcap | null | Food Products | null | 1.55 |
| PICC | Piccadily Agro Industries Ltd | PICCADIL | /stocks/piccadily-agro-industries-PICC | Sugar | 605.60 | 1,019.90 | 483.45 | 5,436.55 | 53.12 | 37.31 | 16.00 | 0.00 | 38.43 | -20.00 | 1,615.58 | 5,956.00 | Smallcap | Food, Beverage & Tobacco | Food Products | Distillers & Vintners | -1.78 |
| PONS | Ponni Sugars (Erode) Ltd | PONNIERODE | /stocks/ponni-sugars-erode-PONS | Sugar | 335.50 | 598.90 | 267.00 | 288.48 | 14.96 | 37.31 | 0.54 | 0.89 | 3.56 | -36.69 | 37.64 | 118.35 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -1.24 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this list of sugar stocks is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
What are Sugar Stocks?
Sugar stocks are shares of companies that are engaged in the production, processing, and distribution of sugar and sugar-based products. These stocks are not just limited to the domestic market but also have a global reach, providing ample diversification opportunities.
About the Top Sugar Companies in India
- Piccadily Agro Industries Ltd: Piccadily Agro Industries Ltd, founded in 1994, is engaged in the production of alcoholic beverages and sugar. The company is involved in the distillation and bottling of spirits, contributing significantly to its revenue.
- Indian Sucrose Ltd: Indian Sucrose Ltd, incorporated in 1990, is a sugar manufacturing company that processes and markets sugar and related products, including molasses and ethanol. It primarily caters to industrial and consumer markets.
- Triveni Engineering and Industries Ltd: Triveni Engineering and Industries Ltd, established in 1932, is one of India’s largest sugar manufacturers. The company also operates in the engineering sector, offering products for water and wastewater management, as well as high-speed gears.
- Magadh Sugar & Energy Ltd: Magadh Sugar & Energy Ltd, incorporated in 1932, is engaged in the manufacturing of sugar and its by-products, including molasses and ethanol. The company also produces industrial alcohol and cogenerates power from bagasse.
- Rana Sugars Ltd: Rana Sugars Ltd, founded in 1992, focuses on sugar production along with ethanol and power generation. The company operates in the agro-processing industry and primarily serves domestic markets.
Latest Updates in the Sugar Sector
- Ethanol Diversion: Approximately 3.5 mn metric tons of sugar are being diverted for ethanol production in the current season, up from 2.15 mn metric tons the previous year, as part of the government’s strategy to boost renewable energy.
- Export Quota: The government has authorised the export of 1 mn metric tons of sugar for the 2024–25 season to help mills manage surplus sugar stocks with high CAGR and support domestic prices.
- Carry-Forward Stocks: Despite the production decline, carry-forward stocks from the previous season are expected to ensure adequate supply for domestic consumption until the new harvest begins.
How to Invest in Sugar Stocks?
Here is how one can invest in the top sugar stocks India for beginners or seasoned investors in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the best sugar stocks 2025 in India that is of interest to you. Investors can use tools like the Tickertape Stock Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research the top sugar stock investments.
- Place a ‘Buy’ Order on the sugar stocks in India of your choosing.
Benefits of Investing in Sugar Stocks
- Government Support: The Indian government’s policies, such as the removal of caps on ethanol production and support for exports, benefit the top sugar companies India by increasing profitability.
- Ethanol Production: An increased focus on ethanol diversion helps sugar mills stabilise their revenue, especially when sugar prices face volatility.
- Export Potential: Export quotas of 1 mn metric tons for sugar offer growth opportunities, supporting stock prices.
- Growing Demand: Continued domestic demand for sugar, combined with rising demand for biofuels, creates a strong market for sugar stocks with low debt.
Risks Associated with Investing in Sugar Stocks in India
- Weather Risk: Weather is the biggest risk as far as sugar stocks are concerned. Of the total annual crop losses in the sector, many are due to direct weather risks.
- Commodity Prices: Sugar is a commodity, and its prices can fluctuate depending on supply and demand. Therefore, investors need to keep a close eye on international market trends to understand how they might impact sugar stocks with export potential.
- Government Regulations and Support: The government plays a major role in the Indian sugar industry with its policies and regulations. Investors should be aware of any changes in government policy that could impact demand for products like ethanol or table sugar, as well as any government support programs, such as subsidies, to ensure sustainable long-term returns.
- Volatility of Sugar Prices: One of the principal risks of investing in any manufacturer of sugar is the volatility of sugar prices, which are subject to various factors such as supply and demand, geopolitical events, and weather conditions.
Factors to Consider When Investing in Sugar Stocks
- Production Outlook: You can evaluate the company’s production capacity and the impact of weather conditions on sugarcane yields. Poor weather can disrupt production and influence stock performance.
- Global Market Trends: You can monitor global sugar prices of sugar stocks with positive analyst ratings and production forecasts. Global supply-demand dynamics significantly influence India’s sugar industry including sugar stocks with strong earnings growth, making it essential to consider international market trends.
- Environmental and Sustainability Practices: Assess the company’s sustainability efforts, particularly in relation to water usage and environmental impact. Companies with better ecological practices may have a long-term advantage.
- Industry Performance: Track the overall performance of the sugar sector, including factors like domestic demand, global trends, and market stability. A strong sector outlook can support growth in individual sugar stocks with strong fundamentals.
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To Wrap It Up…
The sugar sector benefits significantly from supportive government policies and growing demand for ethanol, offering growth opportunities. However, investors should be aware of the challenges posed by weather-dependent production. Adverse weather conditions can lead to fluctuations in sugarcane yields, which in turn impact production levels. Additionally, global market dynamics, including changing sugar prices and international trade policies, can have a significant impact on the sector.
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Frequently Asked Questions About Sugar Stocks
1. Are there any export opportunities for Indian sugar mills?
Yes, India has allocated export quotas for sugar, enabling mills to export their surplus. This helps support domestic prices and offers growth opportunities for sugar companies.
2. What is the role of government policies in the sugar sector?
Government policies that support ethanol production and sugar exports are crucial for the growth of the sugar sector. They help stabilise prices and create new revenue sources for sugar mills.
3. Why sugar stocks are growing?
Sugar stocks are growing due to government support for ethanol production, with the target of 20% ethanol blending by 2025. Export quotas of 1 million metric tons help manage surplus stocks. Despite production declines, the outlook remains positive with stable supply, driving growth in sugar stocks with government support.
4. Can sugar stocks be profitable for investors?
Statistical projections indicate that the sugar market is projected to achieve a 2.34% CAGR between 2022 and 2028. Investors should comprehend both the growth potential and challenges confronted by sugar companies.
5. Is it a good time to invest in sugar stocks?
Sugar stocks embarked on a remarkable rally in 2021, and this momentum endures. This is good news for sugar penny stocks. Investors must consider their investment goals and risk appetite before investing in sugar stocks with ethanol production.
