11 Best Sugar Stocks in India to Invest in 2024

Sugar is a crucial component of the human diet. It’s consumed and used in multiple foods, beverages, and medicines. Investment in companies producing and supplying sugar and related products offers potential long-term growth opportunities and portfolio diversification.  

In India, Sugar is the second largest agro-based sector and plays a pivotal role in the country’s socioeconomic development. There are multiple sugar stocks in India; you can consider investing by analysing the market. 

In this blog, we have listed 11 best sugar stocks in India to invest in and crafted a list of sugar stocks that we believe can perform best in the future. 

So, without any delay, let’s navigate to the list and learn about them in detail. 

List of Best Sugar Sector Stocks2024

The data mentioned above is as of 9th April. You can check real-time stock details on Gopocket online trading app. 

1. Avadh Sugar & Energy Ltd

Avadh Sagar & Energy is an Uttar Pradesh-based food production company in India, manufacturing and selling sugar, spirits, ethanol, cogeneration, and other by-products. The company incorporated in March 2015, is listed on BSE (Bombay Stock Exchange) and NSE ( National Stock Exchange). With the strong ROE and ROCE, Avadh Sugar & energy is top choice sugar stocks among investors. Avadh Sugar & Energy Ltd has 4 sugar mills in Hargaon, Seohara, Hata, and Rosa of Uttar Pradesh with a crushing capacity of approximately 31,800 tons of cane daily. 

2. EID Parry India Ltd

E.I.D: Parry India limited is a Chennai-based company that manufactures and markets sugar, nutraceuticals, and ethanol. The company is part of India's leading business conglomerate Murugappa group worth INR 742 billion. The company has 225 years of experience, over 12 plants, and 100,000 + farmer partners, EID parry, a significant player in the sugar industry. The EID Parry stock, performing at its near all time high  performing well in the market. Investors can trust this first sugar company of India- EID parry for their investment in the sugar industry.  

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3. Magadh Sugar & Energy Ltd

Magadh Sugar & Energy Ltd is a part of K.K Birla Group, primarily manufacturing and selling sugar and its by-products including molasses, bagasse and press-mud. The company has three sugar mills with a crushing capacity of 19,000 tons of cane daily. Listed on both NSE and BSE, Magadh Sugar & energy is among the top sugar companies in India to invest in. The company has its domestic supply 83% and exports 17%.

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4. Triveni Engineering

Triveni Engineering is a significant player in the sugar industry with its presence in sugar-cane rich region Uttar Pradesh. Triveni has 7 FSSAI-certified sugar factories in the state. The company produces refined sugar, multi-grade white crystal sugar, potable alcohol, fuel-ethanol, pharmaceutical-grade sugar etc, and markets them. Triveni Engineering is among India's third ethanol manufacturers and 2nd largest supplier. The company's revenue will be 66% from sugar products in 2023.  

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5. Dalmia Bharat Sugar

Part of the Dalmia Bharat Group, Dalmia Bharat Sugar, is also among the top sugar companies in India, engaged in manufacturing sugar, ethanol, and sanitizers. The company entered the sugar market in 1994, establishing a sugar mill in UP. Currently, the company’s  20% of its production goes to various countries including Indonesia, Malaysia, Bangladesh, China, Sri Lanka, Nepal, Bhutan, the Middle East, Mediterranean countries, North Africa and East Africa.

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6. Balrampur Chini Mills Ltd

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Balrampur Chini Mills Ltd is a leading sugar company in India that produces sugars, ethanol, alcohol, power, bagasse, agri inputs, and other by-products.  Believing in sustainability, Balrampur Chini Mills is also working on its new polylactic acid (PLA) manufacturing venture, which will be India’s first-ever industrial bioplastic plant. Investment in Balrampur Chini mills is expected to generate profit.  

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7. DCM Shriram Industries Ltd

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Founded in 1889, DCM Shriram Industries Ltd. is India's largest conglomerate with a diversified presence in various sectors, including sugar, chemicals, & agri-business. In India, the company caters for the requirements of Sugar & Distillery, Rayons & Nylon, Chemicals, Armoured Vehicles, Shipping Containers and Hand Sanitizer.  The company’s well-maintained ROE and ROCE attract traders. 

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8. Dhampure Speciality Sugars Ltd. 

Dhampure Speciality Sugar Mills, with a market capitalization of approximately 1,447 crores, is also among the best sugar stocks on the India list. It is a leading company engaged in manufacturing, processing, and supplying every kind of sugar product, including sugar, raw sugar, jaggery, khan sari etc. It also produces and sells healthy snacks, mocktails, drink mixes and other FMCG products. 

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9. KCP Sugar

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KCP Sugar is among the top sugar companies in India. The company has two sugar factories in Andhra Pradesh, with an aggregate crushing capacity of 11,500 tons daily. KCP Sugar and its allied businesses manufacture and market Rectified Spirit, Extra Neutral Alcohol, Ethanol, Incidental Cogeneration of Power, Organic Manure, Mycorrhiza Vam, Calcium Lactate, and CO2. 

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10. Dhampur Sugar Mills Ltd

Dhampur Sugar Mills Ltd is India’s fastest-growing Indian sugar company, established in 1933. The Dhampur sugar mill also generates green energy and chemicals such as ethanol, country liquor, etc. The stocks of this sugar company can be the top choice for those who prefer stocks with high dividend yield.  

‍11. Uttam Sugar Mills Ltd

Uttam Sugar Mills Ltd is among the strongest sugar stocks in India, with 5 years of ROE of 22.24% and ROCE of 31.04%. The mills started with 2,500 TCD in 2001 and expanded to 26,500 TCD,  producing sugar for industry and consumer usage. Uttam Sugar Mills is a leading supplier of sugar, and its clients are leading Hotel chains like Taj, Lalit, Leela, Lemon Tree, etc., organise retail like Amazon, Flipkart, Blinkit, Zepto, etc. and prestigious Institutional sales like Rasna, Safal, Britannia, Cadbury, Pepsi, Parle, Mother Dairy etc

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Also Learn: Top FMCG Companies in India to Invest in 2024 

4 Sugar Stocks GoPocket Believes to Perform Well in Future
 

GoPocket is a leading online trading platform equipped with seamless technical analysis tools, user interface, and facility to invest in the financial market.  

Disclaimer: The list is neither sponsored nor recommended. It’s just our belief. Before investing in any stock, research or contact your financial advisor. For a seamless platform to invest or trade, you can trust GoPocket.

Things You Must Know Before Investing in Sugar Stocks in India

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• Sugarcane is a crop sensitive to weather conditions. Where favourable weather conditions can result in bumper crops, conversely, floods, droughts, and pesticides can impact the crop. The stock price of sugar stocks highly depends on the sugar crop. 
• Ethanol is a green energy source generated from sugarcane. It can be an alternative to imported oil and fuel. Promoting green energy can also result in high-performing sugar stocks. 
• Government policies, including subsidies, taxes, and initiatives to promote agriculture, can significantly impact the sugar industry. 
• Sugar is a highly competitive sector. Identifying which sugar stocks are performing well is crucial before investment.  

How to Invest in Sugar Stocks in India?

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Here is the step-by-step guide to investing in Sugar stocks in India. 

Step 1: Download Online Trading  App 

GoPocket is a leading online trading platform for buying stocks, investing in IPOs, Futures, and Options, and starting SIPs. You can download the GoPocket app from the app store. 

Step 2: Open a Demat Account 

Once the app is downloaded, you can open a demat account. You will need an active mobile number, email ID, your PAN card, bank details, proof of income, a passport-size photo, and a signature to do so. 

Step 3: Search for Sugar Stocks 

Now that you have a Demat account explore the app and search for top sugar stocks in India. Check the current market price (CMP), 52-week high/low, market capital, return on equity, etc., to find the best stocks for your investment.  

Step 4: Buy Stocks as per Your Risk-appetite 

Calculate risk-bearing capacity, your current portfolio, balance, and other required things. Define units as per your budget and buy the stocks. 

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FAQs Related to Sugar Stocks in India 

1. Which is the best sugar stock in India?

GoPocket believes EID Parry India Ltd, Triveni Engineering, Uttam Sugar Mills Ltd, and DCM Shriram Industries Ltd can be the best sugar stocks in India. 

2. Which sugar stocks are listed in NSE?

Some of the sugar stocks listed on the NSE are Uttam Sugar Mills, EID Parry India Ltd, etc.

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