India, the world’s second-largest sugar producer after Brazil, has a thriving sugar industry that plays a crucial role in the rural economy. Sugarcane cultivation is concentrated in nine key states, including Uttar Pradesh, Maharashtra, Karnataka, and Tamil Nadu.
The rising demand for sugar across industries such as food, beverages, and confectionery continues to drive growth. In this article, we analyse the top sugar stocks for April 2025 based on their 5-year CAGR.
| Name | Market Cap (₹ Crore) | ↓5Y CAGR (%) | PE Ratio |
| Piccadily Agro Industries Ltd | 5,490.07 | 154.79 | 50.02 |
| Gayatri Sugars Ltd | 64.65 | 81.87 | 9.20 |
| Triveni Engineering and Industries Ltd | 8,294.04 | 58.23 | 20.99 |
| Magadh Sugar & Energy Ltd | 937.38 | 57.40 | 8.05 |
| Dalmia Bharat Sugar and Industries Ltd | 3,067.60 | 49.53 | 11.26 |
Note: The best sugar stocks list here is as of April 03, 2025. The stocks are sorted based on the 5Y CAGR. The following parameters have been used to screen the stocks.
Piccadily Agro Industries Ltd (PAIL), established in 1994, is India’s largest independent malt spirits manufacturer. It produces sugar, ethanol, ENA, and IMFL brands, including Golden Wings, Kamet, Indri No.1, and Camikara Rum, catering to the liquor and sugar markets.
Piccadily Agro Industries reported a 45% YoY decline in Q3 FY25 net profit to ₹24.49 crore, while revenue rose 7% to ₹205.72 crore, total income grew 8% to ₹208.32 crore, and total expenses increased 5% to ₹172.16 crore.
Key metrics:
Gayatri Sugars Limited, part of the Gayatri Group, produces sugar, ethanol, and power through its two Telangana-based units. Established in 1995, it exports power to the grid and operates under Chairman T. Indira Subbarami Reddy with Mos & Associates LLP as auditors.
Key metrics:
Triveni Engineering & Industries Limited, founded in 1932, is a leading Indian conglomerate in sugar, ethanol, power, and engineering solutions. Headquartered in Noida, it operates 24 manufacturing facilities and excels in power transmission, water treatment, and FMCG sectors.
Triveni Engineering & Industries Ltd reported a 69% YoY drop in Q3 FY25 net profit to ₹42.6 crore, while revenue rose 3% to ₹1,600.3 crore, compared to ₹1,553.6 crore in the previous fiscal’s corresponding quarter.
Key metrics:
Magadh Sugar & Energy Ltd, part of the K.K. Birla Group, operates three sugar mills in Bihar, producing sugar, ethanol, and power. With a crushing capacity of 19,000 TCD, it engages 1,00,000 farmers and employs over 1,200 professionals.
Magadh Sugar & Energy Ltd’s Q3 FY25 revenue rose 29.99% YoY to ₹284.95 crore but declined 12.17% QoQ, reflecting strong annual growth despite a quarterly slowdown in performance over the last three months.
Key metrics:
Dalmia Bharat Sugar, a leading Indian sugar producer, operates three units in Uttar Pradesh with a crushing capacity of 35,500 TCD, 120 MW co-generation, and a 255 KLPD distillery, making it a fully integrated sugar and energy company.
Dalmia Bharat Cement’s Q3FY25 net profit plunged 77% to ₹61 crore due to weak demand, with revenue dropping 11.7% to ₹3,181 crore and EBITDA falling 34.5% to ₹511 crore compared to the previous year.
Key metrics:
| Name | ↓Market Cap (₹ Crore) | PE Ratio | 5Y Return (%) |
| EID Parry (India) Ltd | 13,896.93 | 15.45 | 498.96% |
| Balrampur Chini Mills Ltd | 11,213.66 | 20.98 | 390.85% |
| Triveni Engineering and Industries Ltd | 8,294.04 | 20.99 | 858.03% |
| Piccadily Agro Industries Ltd | 5,490.07 | 50.02 | 10,342.86% |
| Bannari Amman Sugars Ltd | 4,648.09 | 30.52 | 333.71% |
Note: The best sugar stocks list here is as of April 03, 2025. The stocks are sorted based on the market cap.
| Name | ↓Net Profit Margin (%) | 5Y Return (%) | PE Ratio |
| KCP Sugar and Industries Corp Ltd | 15.67 | 187.30% | 6.05 |
| Piccadily Agro Industries Ltd | 13.56 | 10,342.86% | 50.02 |
| Kesar Enterprises Ltd | 13.41 | 147.96% | 0.81 |
| Ponni Sugars (Erode) Ltd | 10.67 | 138.20% | 5.83 |
| Magadh Sugar & Energy Ltd | 10.60 | 820.30% | 8.05 |
Note: The best sugar stocks list here is as of April 03, 2025. The stocks are sorted based on the net profit margin.
Sugar stocks present potential investment opportunities but come with inherent risks. The industry is shaped by factors like weather patterns, government regulations, and global sugar prices.
While favourable policies and efficient production can drive growth, challenges such as rising input costs, volatile cane prices, and regulatory shifts can impact profitability. Investors should assess market dynamics, policy changes, and financial health before investing in sugar stocks.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 5, 2025, 8:26 AM IST
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