Top Sugar Manufacturing Companies in India 2022

This is about the Top 10 Sugar Companies in India and its industry. India is the largest producer of sugar in the world displacing Brazil and is also the largest consumer. The Indian sugar industry is the second largest agro-based industry in India. It supports ~50 million farmers and their families, providing direct employment to ~0.6 million skilled and semi-skilled persons in sugar and its allied industries.

Top 10 Sugar Companies in India

This is the List of Top 10 Sugar Manufacturing Companies in India. The list is sorted out based on the Total Sales.

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

E.I.D. – Parry (India) Limited (E.I.D. Parry) is a listed company engaged in the business of Sugar and Nutraceuticals. Headquartered in ‘Dare House’ a heritage building, in Chennai, India, the Company is a part of the INR 369 Billion Murugappa Group, one of India’s leading business 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

Founded in 1788, ‘Parry’ has been a household name for over 225 years. The Company holds the distinction of setting up India’s first sugar plant at Nellikuppam in 1842. Amongst the leading sugar manufacturers in India, E.I.D. Parry’s 9 sugar plants are spread across South India. The Company is the largest Sugar companies in India.

These state-of-the-art plants with a total sugarcane crushing capacity of 43,400 TCD, co-generation capacity of 160 MW and Distillery capacity of 234 KLPD across units 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.

2. Shree Renuka Sugars Ltd

Shree Renuka Sugars is a global agribusiness and bio-energy corporation. The Company is one of the largest sugar producers in the world, the leading sugar Companies in India, and one of the largest sugar refiners in the world. The company has its Corporate office in Mumbai (Maharashtra, India) and Head Office in Belgaum (Karnataka, India). It is the second Largest Sugar companies in India by revenue

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

The total crushing capacity of 20.7 million tonnes per annum (MTPA) or 94,520 tonnes crushed per day (TCD). The Company operates seven sugar mills in India with a total crushing capacity of 7.1 MTPA or 35,000 TCD and two port-based sugar refineries with a capacity of 1.7 MTPA. The company is second in the List of Top 10 Sugar manufacturing companies in India.

The Company also has a significant presence in South Brazil, through acquisitions of Renuka Vale do Ivai and Renuka do Brasil. Renuka Vale do Ivai is 100% owned by the Company and holds 59.4% equity stake in Renuka do Brasil. The combined crushing capacity of the Brazilian subsidiary companies is 13.6 MTPA.

3. Bajaj Hindusthan Sugar Ltd

Bajaj Hindusthan Sugar Limited (BHSL) was incorporated on 23rd November 1931 under the name – The Hindusthan Sugar Mills Limited – on the initiative of Jamnalal Bajaj. The first plant was at Golagokarannath, district Lakhimpur Kheri in the Terai region of Uttar Pradesh (UP), an area rich in sugar cane.

The original capacity of the factory was 400 tons of cane crushed per day (TCD). Subsequently, this capacity was increased in stages and is currently 13,000 TCD. The company 3rd in the list of top sugar company in India.

  • 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

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

4. Balrampur Chini Mills Ltd

Balrampur is the second-largest sugar manufacturing company in India with a cumulative crushing capacity of 76,500 tonnes of cane per day. The Company has eight plants in Eastern Uttar Pradesh and two in Central Uttar Pradesh, the major cane- growing areas of Uttar Pradesh. The plants are located in proximity to each other resulting in 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

What makes Balrampur Chini Mills Limited (BCML) special is that it is more than a sugar company; it is also engaged in the ancillary businesses of ethanol manufacture and co-generation. Distilleries possessing an aggregate capacity of 360 kilolitres per day. The saleable co-generation capacity of 163.20 megawatts.

5. Triveni Engineering and Industries Ltd

Triveni Engineering & Industries Limited is a focused, growing corporation having core competencies in the areas of sugar and engineering. The Company is one amongst the largest sugar manufacturers in India and the market leader in its engineering businesses comprising 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

With 7 sugar mills, 6 co-generation units and 1 distillery spread over 8 locations in Uttar Pradesh, we progressively engage with over 250,000 farmers through our cane marketing and development programs. Our two major business segments – sugar and engineering – are mutually exclusive in terms of growth factors and the environment. Triveni Engineering & Industries Limited holds 21.8% equity capital of Triveni Turbine Limited.

6. Dhampur Sugar Mills Ltd

Dhampur has a crushing capacity of 45,500 metric tonnes of cane per day. It has the capacity to produce 1700 MT per day of refined sugar. Dhampur’s refined sugar is also sold in one and five-kilogram consumer packs under the brand ‘Dhampure Sulphurless Sugar’.

  • 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

Dhampur Sugar Mills was the first company in India to manufacture sulphurless refined Sugar. Dhampur’s has the ability to produce refined sugar both during the season wherein the sugar from the sugarcane is first used to manufacture raw sugar and subsequently refined to produce refined sulphurless sugar and in the off-season when coupled with cogeneration Dhampur can use raw sugar procured from outside to produce refined sugar.

7. Bannari Amman Sugars Ltd

The First Sugar Unit near Sathyamangalam of Erode District, TamilNadu State, started its commercial production in the year 1986 with an initial capacity of 1250 Tonnes of Cane Crush per Day. Its present capacity is 4000 TCD and has an imported facility to produce 300MT Refined Sugar per day with ICUMSA less than 20 IU. It’s an ISO 9001:2008 certified Unit.

  • 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

Bannari’s ONE-UP Refined Sugar in 1 Kg. Consumer packs is available on the market. The Second Sugar Unit, near Nanjangud in Mysore District of Karnataka State, started commercial production in the year 1992 with an initial cane crushing capacity of 2500 TCD and its present capacity is 7500 TCD. A Sugar Refinery Plant with a capacity of 500 MT per day has been installed.

The Cane crushing capacity of 2500 TCD of the third Sugar Unit in Kunthur Village near Kollegal in Karnataka, has been enhanced to 3600 TCD, with a Co-Generation Plant of 20 MW of Power Generating Capacity.

The Fourth Sugar Unit comprises of 5000 TCD Sugar Plant and 28.8 MW Co-generation Plant at Kolundampattu Village, Thandarampattu Taluk, Tiruvannamalai District in the year 2010. The unit also has a 500 Tonnes/Day Refined Sugar production facility.

8. Dalmia Bharat Sugar & Industries Ltd

Foray into sugar business was made in mid-Nineties and the first unit of 2500 TCD was set up at Village Ramgarh in Sitapur district of U.P. in 1994. During 2006-07, the company embarked on a major growth path by setting up two Greenfield plants at Jawaharpur (Dist. Sitapur, U.P.) and Nigohi (Dist. Shahjahanpur, U.P.) and expanding existing facilities at Ramgarh unit.

  • 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

The total cane crushing capacity of the company is now 22500 TCD which makes us one of the leading sugar producers in the country. Dalmia Bharat Sugar & Industries Ltd are now a fully integrated player with 79 MW of cogeneration capacity & a distillery of 80 KLPD. Also have facilities for processing of raw sugar.

9. Uttam Sugar Mills Ltd

Established in 1960, the Group has grown from a single unit entity to a corporate giant with interests in diverse fields. UTTAM SUGAR MILLS LTD is among the leading producer of Double Refined Sugar in the Country. With extensive Research and Development, Uttam Sugar is now producing the best quality sugar in the country.

  • 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

After entering into packaged sugar, the company has now moved from ‘Selling a Commodity’ to ‘Marketing of a Product’. In the last ten years with 2,000 TCD in 2001 to 20,000 TCD in 2011. The Company is 9th in the List of Top Sugar manufacturing Companies in India in the Year 2021.

10. Dwarikesh Sugar Industries

Dwarikesh Sugar Industries Limited 

Dwarikesh Sugar Industries Limited is a multi-faceted, diversified industrial group engaged in the manufacture of the finest grains of sugar, as well as allied products. The group, which made a humble beginning with the commissioning of its first plant of 2500 TCD in Bijnor district of Uttar Pradesh, stands tall today across the sweet landscape of sugar manufacturing, along with ethanol 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

Headquartered in Mumbai and steered by a legacy of excellence, the group is led by the philosophy to either find a way or make one to achieve excellence across its business value chain.

So finally these are the List of Top 10 Sugar manufacturing Companies in India based on the Turnover.

Which is the best sugar company in India?

By size EID Parry is best sugar company in India. The company has state-of-the-art plants with a total sugarcane crushing capacity of 43,400 TCD, co-generation capacity of 160 MW and Distillery capacity of 234 KLPD.

List of Sugar Company in India

34 thoughts on “Top Sugar Manufacturing Companies in India 2022”

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