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Top 10 Sugar Manufacturing Companies in India

Listed below are India’s ten largest sugar companies by revenue. Taking the place of Brazil as the world’s largest producer of sugar, it is also the world’s biggest consumer. Sugar is an important source of income in India since it is the country’s second-largest agricultural industry. In addition to providing employment to more than 50 million farmers, Refined sugar and related industries also provide support to 0.6 million semi-skilled and skilled workers.

top 10 sugar manufacturing companies in india

India's 10 largest sugar companies

10. Dwarikesh Sugar Industries

In addition to manufacturing sugar, Dwarikesh Sugar Industries Limited also produces a range of allied products. As a result of its modest beginning with the commissioning of its first plant of 2500 TCD in Bijnor district of Uttar Pradesh, the group now stands tall across the sweet landscape of sugar production, ethanol production and industrial alcohol production.

  • Total Sales: Rs 1,084 Cr
  • Profit: 95 Cr
  • Market Cap:  454.75 Cr.
  • ROE: 22.90 %
  • Sales Growth (3Yrs): 10.92 %
  • Promoter holding: 41.87 %
  • Debt to equity: 0.86
  • Price to book value: 0.99

The group’s headquarters are in Mumbai, and it is driven by the philosophy of either finding a way or creating one to achieve excellence across all of its value chains.

9. Uttam Sugar Mills Ltd

The Group began as a single entity in 1960 and grew into a corporate giant with interests across a range of industries. One of the leading producers of double refined sugar in the country is Uttam Sugar Mills Ltd. Uttam Sugar is today the country’s best sugar manufacturer thanks to years of research and development.

  • Revenue: Rs 1,322 Cr
  • Profit: Rs 37 Cr
  • Market Cap:  355.27 Cr.
  • ROE: 28.26 %
  • Sales Growth (3Yrs): 14.59 %
  • Promoter holding: 75.00 %
  • Debt to equity: 3.04
  • Price to book value: 1.51

From selling a commodity to marketing a product, the company moved from selling a commodity to selling packaged sugar. Over the last ten years, the number of TCD has gone from 2,000 in 2001 to 20,000 in 2011. During the year 2021, the Company ranked 9th in the List of Top Sugar Manufacturing Companies in India.

8. Dalmia Bharat Sugar & Industries Ltd

The company entered the sugar business in the mid-nineties and set up its first unit at Village Ramgarh in Sitapur District by 1994. With the establishment of two Greenfield plants in Jawaharpur (Dist. Sitapur, U.P.) and Nigohi (Dist. Shahjahanpur, U.P.) and expansion of existing facilities at Ramgarh, the company embarked on a major growth trajectory during 2006-07.

  • Total Sales: Rs 1,986 Cr
  • Profit: 188 Cr
  • Market Cap:  687.67 Cr.
  • ROE: 11.24 %
  • Sales Growth (3Yrs): 20.07 %
  • Promoter holding: 74.91 %
  • Debt to equity: 0.48
  • Price to book value: 0.44

As a result, we are one of the top sugar producers in the country with a total cane crushing capacity of 22500 TCD. With 79 MW of cogeneration capacity & an 80 KLPD distillery, Dalmia Bharat Sugar & Industries Ltd is now a fully integrated player. This includes facilities for processing raw sugar.

7. Bannari Amman Sugars Ltd

In 1986, the first sugar plant was established near Sathyamangalam in Erode District, Tamil Nadu State, whose initial capacity was 1250 Tonnes per day of cane crushing. With a current capacity of 4000 TCD, it has an imported facility with ICUMSA of less than 20IU to produce 300MT of refined sugar per day. The facility is certified to ISO 9001:2008 standards.
• Total Sales: Rs 1,344 Cr
• Profit: 70 Cr
• Market Cap: 1,417 Cr.
• ROE: 6.45 %
• Sales Growth (3Yrs): -8.23 %
• Promoter holding: 58.70 %
• Debt to equity: 0.65
• Price to book value: 1.17

ONE-UP Refined Sugar from Bannari in 1 Kg. can be purchased from the market. With an initial cane crushing capacity of 2500 TCD, the Second Sugar Unit, located near Nanjangud in Mysore District of Karnataka State, began commercial production in 1992. It now has a capacity of 7500 TCD. A Sugar Refinery Plant with a capacity of 500 tons per day has been installed.

It has been upgraded from a capacity of 2500 tons per day to 3600 tons per day at the Kunthur Sugar Unit in Kollegal, Karnataka, with a 20-MW power generating plant.

At Kolundampattu Village, Thandarampattu Taluk, Tiruvannamalai District, the Fourth Sugar Unit includes a 5000 TCD Sugar Plant and a 28.8 MW cogeneration plant. Additionally, it produces refined sugar at a rate of 500 tons per day.

6. Dhampur Sugar Mills Ltd

Cane is crushed at Dhampur at a rate of 45,500 metric tonnes per day. An average of 1700 metric tons of refined sugar can be produced every day by the plant. Additionally, Dhampur’s refined sugar is sold in consumer packs of one kilogram and five kilograms, under the brand name “Dhampure Sulphurless Sugar” of Dhampur.

  • Total Sales: Rs 3,318 Cr
  • Profit: 251 Cr
  • Market Cap:  1,138 Cr.
  • ROE: 22.47 %
  • Sales Growth (3Yrs): 9.78 %
  • Promoter holding: 49.09 %
  • Debt to equity: 1.11
  • Price to book value: 0.90

In India, Dhampur Sugar Mills was the first company to produce sulfite-free refined sugar. The facility at Dhampur has the capability of producing refined sugar, both during the season when sugarcane is first used to produce raw sugar and then refined to produce refined sulphurless sugar, and in the off-season when combined with cogeneration, when raw sugar is procured from outside, to produce refined sugar.

5) Triveni Engineering and Industries Ltd

TRIVIEN Engineering & Industries Limited specializes in sugar and engineering and is a growing corporation. One of India’s leading sugar manufacturers, the Company’s engineering business includes high-speed gears, gearboxes, and water treatment solutions.
  • Total Sales: Rs 3,631 Cr
  • Profit: 299 Cr
  • Market Cap:  1,525 Cr.
  • ROE: 20.77 %
  • Sales Growth (3Yrs): 18.07 %
  • Promoter holding: 68.35 %
  • Debt to equity: 1.38
  • Price to book value: 1.28

We engage over 250,000 farmers through our cane marketing and development programs across our seven sugar mills, six co-generation units, and one distillery in Uttar Pradesh. Sugar and engineering – two of our major business segments – are mutually exclusive with regard to growth factors and environmental concerns. As of March 31, 2018, Triveni Engineering & Industries Limited holds 21.8% of Triveni Turbine Limited’s equity capital.

4. Balrampur Chini Mills Ltd

With a cane crushing capacity of 76,500 tonnes per day, Balrampur is the second largest sugar manufacturer in India. The Company owns eight plants in eastern Uttar Pradesh and two in central Uttar Pradesh, both major cane-growing areas in Uttar Pradesh. The plants are located close to one another, producing seamless and cost-effective logistical operations.

  • Total Sales: Rs 4,074 Cr
  • Profit: 615 Cr
  • Market Cap:  3,418 Cr.
  • ROE: 30.37 %
  • Sales Growth (3Yrs): 15.85 %
  • Promoter holding: 41.10 %
  • Debt to equity: 0.70
  • Price to book value: 1.57

The business of Balrampur Chini Mills Limited (BCML) goes beyond sugar production, as it also specializes in the manufacture of ethanol and co-generation. Distilleries with a combined production capacity of 360 kilolitres per day. Having a cogeneration capacity of 163.20 megawatts.

3. Bajaj Hindusthan Sugar Ltd

Incorporated on 23 November 1931, Bajaj Hindusthan Sugar Ltd. (BHSL) was founded by Jamnalal Bajaj under the name The Hindusthan Sugar Mills Limited. Sugar cane is a major crop in the Terai region of Uttar Pradesh (UP), where the first plant was located in Golagokarannath, district Lakhimpur Kheri.

This factory had an original capacity of 400 tons of cane crushed per day (TCD). This capacity was subsequently increased in stages until it reached current levels of 13,000 TCD. In India, the company is ranked 3rd out of 5 sugar producers.

  • Total Sales: Rs 6,806 Cr
  • Profit: -137 Cr
  • Market Cap:  731.15 Cr.
  • ROE: -5.02 %
  • Sales Growth (3Yrs): 13.21 %
  • Promoter holding: 15.43 %
  • Debt to equity: 1.93
  • Price to book value: 0.27

By the end of the expansion project in 2007, BHSL had ten sugar manufacturing sites throughout UP with a crushing capacity of 96,000 TCD and was also the country’s largest producer of ethanol with an output of 480 KL/day.

2. Shree Renuka Sugars Ltd

Shri Renuka Sugars is an agribusiness and bio-energy company based in India. A major sugar producer in the world, a major sugar company in India, and a major sugar refiner worldwide, the Company is one of the world’s most successful companies. Mumbai (Maharashtra, India) is the company’s corporate office; Belgaum (Karnataka, India) is the company’s head office. The company has the second largest turnover among sugar companies in India.

  • Total Sales: Rs 5,021 Cr
  • Profit: 2,569 Cr
  • Market Cap:  1,553 Cr.
  • Promoter holding: 58.34 %

94,520 tonnes crushed per day (TCD) or 20.7 million tonnes crushing capacity per annum (MTPA). In India, the Company operates seven sugar mills with combined crushing capacity of 7.1 MTPA or 35,000 TCD, and two port-based sugar refineries with a capacity of 1.7 MTPA. Among India’s top 10 sugar manufacturers, the company ranks second.

Through its acquisitions of Renuka Vale do Ivai and Renuka do Brasil, the Company also has a significant presence in South Brazil. 59.4% of Renuka do Brasil’s equity is owned by Renuka Vale do Ivai, which is 100% owned by the Company. Together, the Brazilian subsidiaries have a crushing capacity of 13.6 MTPA.

1. EID Parry (India) Ltd – (Largest Sugar Manufacturing Companies in India)

In addition to sugar and nutraceuticals, E.I.D. Parry (India) Limited is a listed company. The Company’s headquarters are in Chennai, India. It is a part of the INR 369 Billion Murugappa Group, one of India’s largest conglomerates.

  • Revenue: Rs 16,167 Cr
  • Profit: 595 Cr
  • Market Cap:  3,234 Cr.
  • ROE: 5.52 %
  • Sales Growth (3Yrs): 2.56 %
  • Promoter holding44.75 %
  • Debt to equity: 1.14
  • Price to book value: 0.98

Since its founding in 1788, ‘Parry’ has been a household name. In 1842, the company established the first sugar mill in India at Nellikuppam. E.I.D. Parry owns 9 sugar plants in South India and is among the country’s leading sugar manufacturers. They are the largest sugar producers in the country.

A total of 43,400 TCD of sugarcane crushing capacity, 160 MW of cogeneration capacity, and 234 KLPD of distillery capacity are located at Nellikuppam, Pugalur, Pudukottai, Pettavathalai, and Sivaganga in Tamil Nadu, Ariyur in Puducherry, Sankili in Andhra Pradesh, and Bagalkot, Haliyal, and Ramdurg in Karnataka.

Questions about Sugar Manufacturing in India

It is said that Bajaj Hindusthan Sugar Limited is the country’s largest sugar producer, based on reports.

Padmashree Vithalrao Vikhe Patil established the first successful cooperative sugar factory in India in 1945 at Pravaranagar, in Ahmednagar District, Maharashtra, which was commissioned in 1951.

During the next decade, sugar demand is expected to grow at a slower rate of 2% p.a., leading to a decrease in the stock-to-use ratio from 45% in the base period to 39% in 2025.

The largest sugar-producing countries in 2019–2020 were Brazil, India, the EU, China, and Thailand.