India ranks the first among highest sugarcane-producing countries and is also the second-largest producer of sugar, following Cuba. Sugar can be derived from any plant that naturally contains sugar. However, in India, Sugar is mainly extracted from sugarcanes as there is a large-scale production of sugarcanes here. Sugar has been a part of India’s heritage too and therefore; India is often called “the homeland of sugar”. The mention of producing sugar is found even in the Vedas.
Long before modern sugar factories were set up in India, Jaggery and Khandsari were made and consumed by Indians. In the early 19th century, sugar industry was introduced in India, with the first factory in North Bihar. Subsequently, the manufacturing of sugar had stopped until 1930, when during Britishers’ rule sugar factories were started again by indigo planters.Since then, the sugar industry in India has travelled a long way and today, India happens to be one of the largest manufacturers of Sugar. The sugar industry has seen a huge growth in the last century. From 11.34 lakh tonnes in 1950s, the production of sugar has increased up to 192 lakh tonnes in 21st century.
In fact, sugar industry is largest agricultural industry today, in India, after cotton. With an enormous production of sugar and sugarcanes, i.e 15% of global sugar and 25% of global sugarcane production, the Indian sugar industry has a huge contribution in the economic development of the nation. Apart from manufacturing sugar, the industry makes use of the byproducts while processing sugar e.g. Bio-power, Bio-ethanol, Bio-manure, etc. Altogether, the sugar industry accounts to 1% GDP of the nation.
Top 20 Sugar Companies in India:
EID Parry
It is one of the leading companies in Sugar and Nutraceuticals and is a part of Murugappa Group, India’s biggest conglomerate. The name of the company comes from Sir Thomas Parry, who founded EID Parry. With its headquarters situated at Chennai, India, EID Parry has been a popular name for households for over 2 centuries. The company was founded in 1788 and was the first to set up a sugar plant in India in 1842.
EID Parry has nine sugar plants located in different parts of South India, namely in Nellikuppam, Pugalur, Kurumbur, Pettavaithalai, Pondicherry, Bagalkot, Haliyal, and Sankii. EID Parry is one of the fewest sugar companies which has a separate department of R&D. With proper research and development and by incorporating innovative techniques, it has been able to exponentially grow it’s yield and has become a benchmark of quality in this industry. Parrys Pure, a brand of EID Parry, is the only one that has been given the ‘super brand’ status.
- Market Cap (Rs Cr.): 5,131.97
- Book Value (Rs): 96.82
- Face Value (RS): 1.00
Profit and loss (in Rs. Cr.):
- March 2020: 891.21
- March 2019: 437.42
- March 2018: 517.48
- March 2017: 707.99
Balrampur Chini
Balrampur Chini Mills Limited is the second largest sugar-manufacturing company in the country. It is special in the sense it employs millions of people in the rural areas too, thus, helping the rural as well as the urban economy. It is said to be much more than just a sugar company as it is also involved in the manufacturing of ethanol and co-generation. The BCML has 10 sugar factories, all in Uttar Pradesh. All the factories altogether have a sugarcane crushing capacity of above 76,000 tonnes. There are numerous distilleries that process 520 Kl of sugar per day.
- Market Cap (Rs Cr.): 3,248.70
- Book Value (Rs): 112.83
- Face Value (RS): 1.00
Profit and loss (in Rs. Cr.):
- March 2020: 511.55
- March 2019: 569.07
- March 2018: 221.25
- March 2017: 591.49
Triveni Engineering & Industries Limited
Triveni has also huge popularity as a sugar company. It specializes in the manufacturing of sugar and engineering. It has seven sugar factories and 1 distillery in Uttar Pradesh. Over 2 lakhs of farmers are employed and earn their bread through Triveni Industries.
- Market Cap (Rs Cr.): 1,879.42
- Book Value (Rs): 51.25
- Face Value (RS): 1.00
Profit and loss (in Rs. Cr.):
- March 2020: 314.73
- March 2019: 196.05
- March 2018: 100.92
- March 2017: 230.28
Shree Renuka Sugars
Shree Renuka Sugars, a global agro-business and bio-energy corporation, runs 11 mills around the globe. Seven of its mills are in India with the headquarter being in Mumbai, Maharashtra, and Head Office in Belgaum, Karnataka. Shree Renuka is not just famous in India but a global name and one of the top three integrated sugar and ethanol companies in the world.
- Market Cap (Rs Cr.): 1,903.40
- Book Value (Rs): -0.63
- Face Value (RS): 1.00
Profit and loss (in Rs. Cr.):
- March 2020: 1,949.76
- March 2019: -2,037.40
- March 2018: -2,203.75
- March 2017: -1,152.02
Dhampur Sugar Mills
Being one of the leading integrated sugar processing companies, Dhampur has extended its business in numerous fields like renewable power, fuel, alcohol, chemicals, and bio fertilizers. With a tremendous sugarcane crushing capacity of 45,500 metric tonnes, Dhampur produces 1700 million tonnes of refined sugar per day.
- Market Cap (Rs Cr.): 973.24
- Book Value (Rs): 207.12
- Face Value (RS): 10.00
Profit and loss (in Rs. Cr.):
- March 2020: 215.63
- March 2019: 250.92
- March 2018: 151.26
- March 2017: 229.53
Dalmia Bharat Sugar
Having started its a journey in the sugar industry in 1994, Dalmia Bharat Sugar and Industries Limited has become one of the fastest-growing companies. Its first unit was built in Ramgarh, a small village in Sitapur district, Uttar Pradesh. Dalmia not only manufactures sugar; it is also the main supplier of sugar for FMCG giants like:
- Coca-Cola
- PepsiCo
- Brittania
- Dabur
- Wal-mart
- D-mart
- United Breweries
- Carlsberg
and many more. Apart from this, it exports sugar to many countries such as Indonesia, Malaysia, Sri Lanka, Bangladesh, Nepal, Bhutan, Middle East countries, Mediterranean countries and East Africa. It’s quite clear how big a name it is in the industry.
- Market Cap (Rs Cr.): 1,081.35
- Book Value (Rs): 200.77
- Face Value (RS): 2.00
Profit and loss (in Rs. Cr.):
- March 2020: 193.19
- March 2019: 175.15
- March 2018: 122.30
- March 2017: 186.26
Bannari Amman Sugars
Bannari Amman Sugars Limited is a part of the Bannari Amman Conglomerate, situated n Tamilnadu. Its first sugar unit was built in the Erode district of Tamilnadu, which began production of sugar in 1986.
- Market Cap (Rs Cr.): 1,705.40
- Book Value (Rs): 1016.72
- Face Value (RS): 10.00
Profit and loss (in Rs. Cr.):
- March 2020: 95.64
- March 2019: 75.94
- March 2018: 87.27
- March 2017: 145.17
Andhra Sugars Ltd.
Another big sugar company in India is Andhra Sugars Ltd. which has started operating in 1952. Subsequently, as the company grew, it expanded to three locations- Tanuku, Taduvai, and Bhimadole. They are one of the few who have implemented diffusion technology for sugar production and have a total sugarcane crushing capacity of 16,000 tonnes.
- Market Cap (Rs Cr.): 831.47
- Book Value (Rs): 374.17
- Face Value (RS): 10.00
Profit and loss (in Rs. Cr.):
- March 2020: 205.88
- March 2019: 168.04
- March 2018: 102.63
- March 2017: 127.29
Bajaj Hindusthan Sugar Ltd
Bajaj Sugar is one of the earliest sugar companies in India. It has an interesting history. It was started by Jamlal Bajaj, who was a follower and also an adopted son of Mahatma Gandhi. The company was founded, keeping in mind the nation’s needs besides a commercial perspective. The process of manufacturing sugar is lengthy and involves many stages. Every step is carried out with perfection and care in Bajaj Sugar Ltd until refined sugar is obtained. Sugar is produced here in 3 different crystal sizes-small, medium, and large.
- Market Cap (Rs Cr.): 617.79
- Book Value (Rs): 28.74
- Face Value (RS): 1.00
Profit and loss (in Rs. Cr.):
- March 2020: -50.00
- March 2019: -136.57
- March 2018: -499.64
- March 2017: -91.98
Dwarikesh Sugars
“A legacy of diversified excellence”, Dwarikesh Sugars has truly done justice to its tagline. It’s a diversified industrial group which not just manufactures the finest quality of sugar but is also engaged in ethanol and industrial alcohol production and co-generation.
- Market Cap (Rs Cr.): 570.55
- Book Value (Rs): 25.69
- Face Value (RS): 1.00
Profit and loss (in Rs. Cr.):
- March 2020: 73.45
- March 2019: 95.11
- March 2018: 101.45
- March 2017: 156.10
Avadh Sugar & Energy Ltd.
Awadh sugar and Energy Limited has also made its place among the top 20 sugar companies. It is a non-government company that started in 2015. Its primary products are Sugar and it’s by-products like molasses, bagasse and press-mud and alcohols including ethanol.
- Market Cap (Rs Cr.): 381.85
- Book Value (Rs): 295.62
- Face Value (RS): 10.00
Profit and loss (in Rs. Cr.):
- March 2020: 88.62
- March 2019: 119.87
- March 2018: 88.16
- March 2017: 203.32
Vishwaraj Sugar Industries
Incepted in 1995, Vishwaraj sugar Industries is a recent company that has witnessed a very speedy growth over the years. Primarily dedicated to the production of sugar, it deploys advanced technology to maximize crushing capacity and hence catalyze the rate of production of sugar. They have a total sugarcane crushing capacity of 11,000 tonnes per day. There are various sizes of sugar that Vishawaraj sugar industries manufacture which is identified by the names M, M2, S1, S22, and S30(In the decreasing order of size).
- Market Cap (Rs Cr.): 334.25
- Book Value (Rs): 59.07
- Face Value (RS): 10.00
Profit and loss (in Rs. Cr.):
- March 2020: -7.88
Uttam Sugar
Uttam Sugar Mills Ltd has earned huge popularity in India for its double refined sugar. They are driven by the motto of attaining customer satisfaction. With a core team of dedicated professionals, specialized relentless research, and modern techniques and types of equipment, Uttam Sugars are known to produce premium quality sugar. They have not only focused on the quality; they have multiplied their production by 10 ten times since their inception.
- Market Cap (Rs Cr.): 336.76
- Book Value (Rs): 74.77
- Face Value (RS): 10.00
Profit and loss (in Rs. Cr.):
- March 2020: 51.62
- March 2019: 58.12
- March 2018: 17.00
- March 2017: 106.58
KCP sugar
KCP Sugar is another big name in the sugar industry that works with a mission of achieving international standards of sugar manufacturing and thereby gaining customer’s satisfaction and trust. Having a crushing capacity of 11,500 tonnes per day, it maintains the production level as well as the quality.
- Market Cap (Rs Cr.): 174.61
- Book Value (Rs): 22.21
- Face Value (RS): 1.00
Profit and loss (in Rs. Cr.):
- March 2020: -11.15
- March 2019: 10.20
- March 2018: 8.37
- March 2017: 54.89
Magadh Sagar
Having started in March 2015, Magadh Sagar has had a very successful journey in the Indian market. It is located in Uttar Pradesh and has become an integral part of the food wholesaler industry. With 663 dedicated employees working under Magadh Sagar, it has the vision to be the best sugar manufacturer in India.
- Market Cap (Rs Cr.): 172.27
- Book Value (Rs): 380.59
- Face Value (RS): 10.00
Profit and loss (in Rs. Cr.):
- March 2020: 107.64
- March 2019: 53.87
- March 2018: 10.16
- March 2017: 101.63
Ugar Sugar Work
The unique name of the company itself invokes a lot of curiosity about it. Being a flagship distributor company of Shirgaokar group of companies, it has held its reputation in the market like none else. It has a crushing capacity of 18,000 tonnes of sugarcane which surpasses many other top companies. Such high-quality sugar at an affordable price makes this brand unbeatably good.
- Market Cap (Rs Cr.): 171.79
- Book Value (Rs): 5.65
- Face Value (RS): 1.00
Profit and loss (in Rs. Cr.):
- March 2020: 13.77
- March 2019: 4.35
Kothari Sugars
Kothari Sugars is a flagship distributor of the HC Kothari group. The inception of Kothari Sugars and Chemicals Ltd. happened in 1961, making it one of the earliest sugar factories in Tamil Nadu. Besides excelling in manufacturing and sales of sugar, it is engaged in power generation and alcohol production for industrial purposes.
- Market Cap (Rs Cr.): 16.58
- Book Value (Rs): 20.09
- Face Value (RS): 10.00
Profit and loss (in Rs. Cr.):
- March 2020: 19.42
- March 2019: 12.71
- March 2018: 0.48
- March 2017: 10.48
Mawana Sugars
Having been in the industry for over 60 years, Mawana Sugar promises to deliver the finest quality sugar. Being Certified with ISO 22000-2005 (Food safety management System) makes it’s a brand all the more trustworthy.
- Market Cap (Rs Cr.): 112.27
- Book Value (Rs): 81.13
- Face Value (RS): 10.00
Profit and loss (in Rs. Cr.):
- March 2020: -82.91
- March 2019: 40.61
- March 2018: 9.76
- March 2017: 359.13
Rana Sugars
Having tasted success in agro-business, the Rana group of companies ventured into sugar manufacturing, in 1993. The company closely looks after the local farming needs to improve the quality of sugarcane and maximize the yield.
- Market Cap (Rs Cr.): 103.81
- Book Value (Rs): 13.27
- Face Value (RS): 10.00
Profit and loss (in Rs. Cr.):
- March 2020: 265.56
- March 2019: -74.93
- March 2018: -86.50
- March 2017: -45.12
KM Sugar
KM Sugar Mills is a company in the business of producing and selling sugar. With its excellence in sugar manufacturing as well as Sugar export-import, it also comes under the top 20 sugar companies. It has a great experience in the domestic trading of sugar too. Along with a collective crushing capacity of 9000 tonnes of sugarcane in a day, KM Sugar has separate dedicated teams for procurement of sugar, logistics, and sales, thus making it one of the biggest successes in the sugar industry.
- Market Cap (Rs Cr.): 109.94
- Book Value (Rs): 20.36
- Face Value (RS): 2.00
Profit and loss (in Rs. Cr.):
- March 2020: 17.75
- March 2019: 24.25
- March 2018: 18.87
- March 2017: 28.24
| Sl. No. | Company | Establishment | Head office | Website |
| 1 | EID Parry (India) Ltd. | 1788 | Chennai | http://www.eidparry.com/ |
| 2 | Balrampur Chini Mills Ltd. | 1975 | Kolkata | https://chini.com/ |
| 3 | Triveni Engineering and Industries Ltd. | 1932 | Noida | http://www.trivenigroup.com/ |
| 4 | Shree Renuka Sugars Ltd. | 1998 | Mumbai | http://www.renukasugars.com/ |
| 5 | Dhampur Sugar Mills Ltd. | 1933 | New Delhi | https://www.dhampur.com/ |
| 6 | Dalmia Bharat Sugar and Industries Ltd. | 1935 | New Delhi | https://www.dalmiasugar.com/ |
| 7 | Bannariamman Sugars Ltd. | – | Coimbatore | http://www.bannari.com/ |
| 8 | Andhra Sugars Ltd. | 1947 | Tanuku | http://www.theandhrasugars.com/ |
| 9 | Bajaj Hindusthan Sugar Ltd | 1931 | Mumbai | http://www.bajajhindusthan.com/ |
| 10 | Dwarikesh Sugar Industries Ltd. | 1993 | Mumbai | https://www.dwarikesh.com/ |
| 11 | Avadh Sugar & Energy Ltd. | 2015 | Sitapur Dist. | http://www.birla-sugar.com/ |
| 12 | Vishwaraj Sugar Industries Ltd. | 1995 | Belgaum | https://vsil.co.in/ |
| 13 | Uttam Sugar Mills Ltd. | 1960 | Noida | http://www.uttamsugar.in/ |
| 14 | KCP Sugar Ind Corp Ltd. | 1941 | Chennai | https://www.kcpsugar.com/ |
| 15 | Magadh Sugar & Energy Ltd. | 2015 | Sitapur Dist. | http://www.birla-sugar.com/ |
| 16 | Ugar Sugar Works Ltd. | 1939 | Belagavi, Karnataka | http://www.ugarsugar.com/ |
| 17 | Kothari Sugars and Chemicals Ltd. | 1961 | Chennai | https://hckotharigroup.com/kscl/ |
| 18 | Mawana Sugars Ltd. | 1961 | New Delhi | https://www.mawanasugars.com/ |
| 19 | RanaSugar | |||
| 20 | KM Sugar Mills Ltd. | 1942 | Kanpur | https://www.kmsugar.com/ |
Bottomline
All these sugar companies are the most successful in Indian market with highest shares. They are not only contributing to the overall economy of the nation but also helping the farmers and the local workers in villages, which is boosting the rural economy.
