If you’re someone who loves a touch of sweetness in life, you’re in the right place – India. The country loves its sweets and also produces sugar, the core ingredient of sweets, in bulk. This blog will help you explore India’s top sugar stocks for investing online.
1. Renuka Sugars
Shree Renuka Sugars Limited (SRSL) is a leading agribusiness and bioenergy company. It operates sugar refineries and mills, offering a diverse product range, including sugar, ethanol, electricity, and organic manure.
Its distilleries utilize molasses and rectified spirits to produce biofuels like ethanol for vehicles.
The company generates power from sugarcane waste, known as bagasse, for self-use and sells surplus to state grids in Brazil and India. Moreover, SRSL engages in trading raw and white sugar, coal, molasses, and alcohol.
- Renuka Sugars Share Price as of Oct 2023: ₹ 54+
- Market Cap: ₹ 95.63 billion
2. Balrampur Chini
Established in 1975, Balrampur Chinni stands as one of India’s prime sugar producers. It boasts ten operational factories and crushes a remarkable 77,500 tonnes of sugarcane daily. A major chunk, 82%, of its revenue flows from the sugar business.
Its distillery and co-gen power segments complement this, contributing to additional earnings. The distillery churns out 560 kilolitres daily, focusing on alcohol and ethanol production.
- Balrampur Chini Share Price as of Oct 2023: ₹ 422+
- Market Cap: ₹79.57 billion
3. Dalmia Bharat
Dalmia Bharat Sugar and Industries Limited is a prominent name in India’s sugar sector. It has emerged as a rapid success story.
With a strong foundation laid in the mid-1990s, the company gained the trust of over one lakh farmers.
Its inaugural facility, boasting a capacity of 2500 TCD, was set up in 1994 in Ramgarh, a small village in Uttar Pradesh’s Sitapur region.
- Dalmia Bharat Share Price as of Oct 2023: ₹ 2,257+
- Market Cap: ₹356.21 billion
4. Bajaj Hindusthan
Bajaj Hindusthan is a major Indian sugar company that has a significant market capitalization. With its substantial sugar, ethanol, and power cogeneration operations, the firm is a major player. Market capitalization represents strategic growth, operational efficiency, and market leadership.
- Bajaj Hindustan Share Price as of Oct 2023: ₹ 21+
- Market Cap: ₹26.32 billion
5. Dhampur Sugar
When considering India’s sugar sector stocks by market capitalization, Dhampur Sugar stands out as a prominent choice. Its impressive market cap reflects its substantial presence in the industry.
Investors like you might find Dhampur Sugar appealing due to its strong market position and potential for growth in the dynamic sugar market of India.
- Dhampur Sugar Share Price as of Oct 2023: ₹ 250+
- Market Cap: ₹17.24 billion
Conclusion
The sugar sector in India has shown its resilience and growth potential through the performance of its top 5 companies by market capitalization. These stocks have demonstrated their ability to navigate market challenges while capitalizing on the demand for sugar in the country. If you’re planning for investing online in this sector, consider exploring platforms like Dhan for its extensive tools and support.