“Cane to Crystals: A Look at India’s Top 10 Sugar Companies”

Sweeten up your day with our top 10 sugar companies! From classic granulated to fancy raw, we’ve got you covered.

The sugar industries rank second among agro-based industries in India. The future of this sector depends on the supply of sugarcane, which is in turn dependent on the monsoon’s whims and the policies of the federal and state governments.

After Brazil, India continues to be the world’s second-largest producer of sugar, and it is also its biggest consumer.

The current season, 2021–2022, saw sugar mills across the nation produce 342,37 lakh tonnes of the commodity up to April 2022, a 14% increase over the same time last year.

we can also view the list of sugar companies in NSE by clicking Here

1. DCM Shriram Industries Limited

• Founded: 1990
• Headquarters: Delhi
• Industries: Sugar
• listed in Exchange: NSE(DCMSRIND), BSE(523369)
• website: www.dcmshriram.com
• CSR spend: 188.64 Lakhs
• Market capitalization: 53,804.67 Lakhs

DCM Shriram Industries Profile:

DCM Shriram Limited, a member of the DCM group, is a market leader in the agri-rural and sugar companies in India

The company’s product and service offerings include urea, sugar, farm solutions, hybrid seeds, chlorine, calcium carbide, aluminum chloride, PVC resins, PVC compounds, power, cement, and Fenesta Building Systems.

The Uttar Pradesh locations of the DCM Shriram Sugar plants have a total installed capacity of 38,000 TCD (tonnes of sugarcane crushed daily) and a power-generating capacity of 155 MW. Moreover, two distilleries with a combined capacity of 350 KLD have been added.

• Revenue from operation: 2,12,311.82 Lakhs
• Profit before tax: 9,275.36 Lakhs
• Profit of the year: 6,624.32 Lakhs

Ratio:

• Debtors turnover: 9.40
• Inventory turnover: 2.12
• Interest coverage ratio: 4.10
• Current ratio: 1.23
• Debt-equity ratio: 0.83
• Operating profit margin: 7.69
• Net profit margin: 3.06
• Return on Net worth: 10.32

2. Bajaj Hindusthan Sugar Limited

• Founded: 1931
• Headquarters: Mumbai
• Industries: Sugar
• listed in Exchange: NSE(BAJAJHIND), BSE(500032)
• website: www.bajajhindusthan.com
• CSR spend: Nill
• Market capitalization: 1,64,779.43 Lakhs

Bajaj Hindusthan Sugar Limited, or BHSL, is one of the largest integrated sugar companies in India and the fourth largest in the world (KLD). The oldest and largest network of sugar mills in India is run by BHSL, which is spread across 14 locations in Uttar Pradesh (UP). BHSL has long held the top spot in its industry.

With a combined crushing capacity of 136,000 tonnes of sugarcane per day (TCD) and an alcohol distillation capacity of 800 kilos per day.

BHSL subsidiaries are:

• Bajaj Aviation Private Limited (BAPL) – (Holding 100%).
• Bajaj Power Generation Private Limited (BPGPL) – (Holding 100%).
• Bajaj Hindusthan (Singapore) Private Limited (BHSPL) – (Holding 100%).
• PT. Batu Bumi Persada, Indonesia – (step down subsidiary being 99.00% subsidiary of BH(S)PL).
• PT. Jangkar Prima, Indonesia – (step down subsidiary being 99.88% subsidiary of BH(S)PL).
  Associate:
• Bajaj Ebiz Private Limited – (Holding 49.50%)

Finanacial Information:

• Revenue from operation: 5,569.09 Cr
• Profit before tax: (222.36) Cr
• Profit of the year: (218.25)Cr

Ratio:

• Current Ratio: 1.12
• Debt-Equity Ratio: 1.66
• Return on Equity Ratio: (7.50)
• Net Capital Turnover Ratio:5.97
• Net Profit Ratio: -4.05%
• Return on Capital Employed: 0.40%

3. BALRAMPUR CHINI MILLS LTD

• Founded: 1975
• Headquarters: Kolkata
• Industries: Sugar
• listed in Exchange: NSE(BALRAMCHIN), BSE(500038)
• website: www.chini.com
• CSR spend: 11.20 crore
• Market capitalization: 7,96,506.02 Lakhs

Balrampur Chini Mills Ltd is one of the top producers of sugar companies in India. They worked in the sugar, distillery, and power co-generation industries. One of the largest integrated businesses in the sugar sector of India is Balrampur Chini Mills, which operates eleven sugar plants throughout the cane-rich districts of Eastern and Central Uttar Pradesh, four distilleries, and ten cogeneration units.

Revenue from operation: 4,846.03 Cr
Profit before tax: 655.62 Cr
Profit of the year: 514.66 Cr

Ratio:

• Operating profit margin (%): 14.44
• Net profit margin (%): 10.62
• Debt-equity ratio: 0.09
• Return on equity (%): 19.34
• Book value per share: 135.18
• Earnings per share: 24.86
• Debtors turnover ratio: 35.44
• Inventory turnover ratio: 2.12
• Current ratio: 1.60
• Return on Networth: 19.73

4. Triveni Engineering & Industries Limited

Founded: 1932
Headquarters: Noida, Uttar Pradesh
Industries: Sugar
listed in Exchange: NSE(TRIVENI), BSE(532356)
website: www.trivenigroup.com
CSR spend: 698.90 lakhs
Market capitalization: 5,92,447.35 Lakhs

Triveni Engineering & Industries Ltd, also known as TEIL, is an industrial conglomerate with key strengths in the fields of engineering and sugar.

One of India’s largest integrated sugar companies, TEIL Company is a market leader in its engineering sectors, which include the Power Transmission industry and Water and Wastewater treatment technologies.

TEIL now operates seven sugar mills in the locations of Khatauli, Deoband, Sabitgarh (all in western Uttar Pradesh), Chandanpur, Rani Nangal, Milak Narayanpur (all in central Uttar Pradesh), and Ramkola (eastern Uttar Pradesh).

The production site for TEIL’s Power Transmission (Gears) is in Mysuru, while the company’s water and wastewater treatment operations are in Noida. With a 104.5 MW capacity for grid-connected cogeneration, TEIL now runs 6 cogeneration power plants spread over 5 sugar units.

At the SBT distillery, premium ethanol is produced from molasses. The 200 KLPD distillery in MZN now produces ethanol, extra neutral alcohol (ENA), rectified spirit (RS), and denatured spirit (SDS) from molasses.

The company manufactures raw refined, medicinal, and multi-grade crystal sugar of the highest quality. In addition to household users, bulk consumers are also given access to sugar. Under its brand “Shagun,” it is also well-known in the market for branded sugar.

• Revenue from operation: 469404.36 Lakhs
• Profit before tax: 57375.48 Lakhs
• Profit of the year: 42405.92 Lakhs

Ratio:

• Current ratio: 1.36
• Debt-equity ratio: 0.82
• Return on equity ratio: 24%
• Net profit ratio: 10%
• Return on Net Worth: 24.18%

5. Dalmia Bharat Sugar and Industries Ltd

• Founded: 1994
• Headquarters: New Delhi
• Industries: Sugar
• listed in Exchange: NSE(DALMIASUG), BSE(500097)
• website: www.dalmiasugar.com
• CSR spend: 5.27 Crore
• Market capitalization: 2,85,715.74 Lakhs

DBSIL, also known as Dalmia Bharat Sugar & Industries Limited, is a company with interests in integrated sugar companies(including cogen and distillery), wind farms, magnesite, and other companies.

The business owns two sugar facilities in Maharashtra and three sugar factories in Uttar Pradesh, including Ramgarh, Jawaharpur, and Nigohi (Kolhapur and Sangli). The business operates a distillery and a co-generation facility with 305 KLPD and 119 MW of combined sugarcane crushing capacity.

The business recently began selling packed sugar under the brand name “Dalmia Utsav” and entered the sanitizer market with the brand name “Dalmia Sanjeevani.”

• Revenue from operation: 3018.25 Cr
• Profit before tax: 382.10 Cr
• Profit of the year: 297.34 Cr

Ratio

• Current Ratio: 1.85
• Debt-Equity Ratio: 0.35
• Return on Equity Ratio: 0.13
• Net profit Ratio: 0.10
• Return on investment: 7.78
• ROCE: 12%

6. Avadh Sugar & Energy Ltd

• Founded: 1915
• Headquarters: Uttar Pradesh
• Industries: Sugar
• listed in Exchange: NSE(AVADHSUGAR), BSE(540649)
• website: www.birla-sugar.com
• CSR spend: 248.65 Lakhs
• Market capitalization: 92,685.28 lakhs

The K. K. Birla group owns Avadh Sugar & Energy Ltd, also known as Avadh or ASEL. They are active participants in the integrated sugar companies, trading in sugar, alcoholic beverages, ethanol, cogeneration, sanitizer, and other by-products.

Four sugar mills owned by Avadh in Uttar Pradesh have a combined crushing capacity of 31,800 TCD. There is 325 KLPD worth of distilleries in Avadh. Cogeneration plants with a 74 MW capacity. Avadh, which has been producing sugar with the finest recovery in India for the past two years, is conveniently placed in Uttar Pradesh, the largest State in the nation.

ASEL increased the capacity of its distillery from 200 KLPD to 325 KLPD. The company will be able to shift its product mix in favor of value-added products thanks to this growth (ethanol). The capacity increase at the distillery will improve the company’s operating profitability. The majority of the business’s output is B-heavy ethanol.

• Revenue from operation: 2,74,365.91 Lakhs
• Profit before tax: 16,722.19 Lakhs
• Profit of the year: 12,440.93 Lakhs

Ratio:

• Debtors Turnover 9.77
• Inventory Turnover 2.10
• Interest Coverage Ratio 3.47
• Current Ratio 1.07
• Debt Equity Ratio 0.64
• Operating Profit Margin (%) 9.42%
• Net Profit Margin (%) 4.53%
• Return on Networth 15.35%

7. Dhampur Sugar Mills Limited

• Founded: 1933
• Headquarters: New Delhi
• Industries: sugar
• listed in Exchange: NSE(DHAMPURSUG), BSE(500119)
• website: www.dhampursugar.com
• CSR spend: 5.97 Cr
• Market capitalization: 1,59,297.02 Lakhs

Dhampur Sugar Mills Ltd is one of the top sugar producers in the nation’s organized sugar market. The business is currently one of India’s oldest integrated sugar enterprises manufacturing sugar, ethanol, and chemicals at one end and power generation at the other.

The capacity of the company to crush cane is 23,500 Tonnes per day. The company’s distillery has a capacity of 250 KLPD; a 130 KLPD expansion (including 100 KLPD grain-based) through the “C” heavy molasses route is now being implemented, which is equivalent to a combined 500 KLPD (including 100 KLPD grain-based) through the “B” heavy molasses route. The power division of the company is capable of producing 121 Megawatts.

The Firm has a significant presence in Uttar Pradesh’s cane-growing region. The two manufacturing facilities of the company, located in Dhampur and Rajpura, have a combined manufacturing capacity of 23500 TCD.

• Revenue from operation: 2173.62 Cr
• Profit before tax: 201.58 Cr
• Profit of the year: 144.03 Cr

Ratio

• Current Ratio: 1.12
• Debt-Equity Ratio: 0.99
• Debt Service Coverage ratio: 0.34
• Inventory Turnover ratio: 1.62
• Net Profit ratio: 6.69%
• Return on Equity ratio: 11.99%
• Return on Capital Employed: 14.17%
• Return on Investment: 16.54%

8. Uttam Sugar Mills Limited

• Founded: 1960
• Headquarters: Uttrakhand
• Industries: Sugar
• listed in Exchange: NSE(UTTAMSUGAR), BSE(532729)
• website: www.uttamsugar.in
• CSR spend: 189.10 Lakhs
• Market capitalization: 93,629.08 Lakhs

Uttam Sugar Mills Ltd, also known as Uttam, is in the business of producing sugar companies and also in ethanol, and power. Out of the four sugar plants owned by Uttam, three are located in Uttar Pradesh, and one is in Uttarakhand. The highest quality sugar in the nation is currently produced by Uttam Sugar. The corporation has switched from “Selling a Commodity” to “Marketing of a Product” since getting into packaged sugar. Our production has increased twice since 2001, going from 2,000 TCD to 23,750 TCD at the moment.

At its Barkatpur and Libberheri Plants, Uttam Sugar also produces “Ethanol,” with a combined installed capacity of 200 Kilo Litres per Day (KLPD). The company has diversified into ethanol production and built 200 KLPD worth of ethanol facilities in an effort to lessen its reliance on the cyclicality of the sugar sector.

In all of its plants, Uttam Sugar also uses co-generation—generation from leftover bagasse—for which it has PPAs with two DISCOM facilities.

• Revenue from operation: 2,03,434.59 Lakhs
• Profit before tax: 17,714.11 Lakhs
• Profit of the year: 13,492.02 Lakhs

Ratio:

• Debtors Turnover ratio: 37.21
• Inventory Turnover ratio: 2.35
• Current Ratio: 0.99
• Debt Equity Ratio: 1.44
• Operating profit margin: 14.02%
• Net Profit margin: 6.58%
• Return on Net worth: 33.70%

9. Bannari Amman Sugars Limited

• Founded:
• Headquarters: Coimbatore
• Industries: Sugar
• listed in Exchange: NSE(BANARISUG), BSE(500041)
• website: www.bannari.com
• CSR spend: 221.51 Lakhs
• Market capitalization: 3,49,857.63 Lakhs

Bannari Amman Sugars Ltd, also known as Bannari, is one of the top sugar companies that deal in granite blocks, polished granite products, molasses, bagasse, alcohol, and agricultural fertilizer.

• Bannari has six manufacturing units, each of which has a 4000 TCD erode capacity. It also has an imported facility that can manufacture 300 MT of refined sugar daily.
• Mysore’s two-unit capacity is 7500 TCD. A sugar refinery plant with a 500 MT per day capacity that was established in three units in Karnataka has been upgraded to 3600 TCD and features a 20 MW cogeneration plant.
• The 5000 TCD Sugar Plant, 28.8 MW Co-generation Plant, and 500 Tons/Day Refined Sugar Production Facility make up the 4unit Tiruvannamalai.
• Villuppuram’s five units, which include a 25 MW cogeneration plant and a 3600 TCD sugar mill, have been synced with the Tamilnadu Electricity Board Grid.

• Revenue from operation: 1998.09 Cr
• Profit before tax: 121.72 Cr
• Profit of the year: 79.98 Cr

Ratio:

• Debt Equity Ratio: 0.69
• Current Ratio: 1.46
• Debtors Turnover: 46
• Inventory Turnover: 183
• Interest Coverage Ratios: 4.87

10. Dwarikesh Sugar Industries Limited

• Founded: 1993
• Headquarters: Mumbai 
• Industries: Sugar
• listed in Exchange: NSE(DWARKESH), BSE(532610)
• website: www.dwarikesh.com
• CSR spend: 2.99 Cr
• Market capitalization: 1,71,354.34 lakhs

Dwarikesh Sugar Industries Limited is formally known as Dwarikesh, they are engaged in the business of Sugar, ethanal, and Power. In two areas of western Uttar Pradesh, Dwarikesh has three industrial facilities. 2,500 tonnes of cane can be crushed every day at the Dwarikesh Nagar and Dwarikesh Puram plants. The capacity of the company’s cane-crushing operation was 21,500 tonnes per day.

The installed capacity of Dwarikesh was 162.5 kiloliters of industrial alcohol per day, and it also generated 91 MW of renewable energy.

• Revenue from operation: 1,97,406.14 Lakhs
• Profit before tax: 21,867.48 Lakhs
• Profit of the year: 15,521.55 Lakhs

Ratio:

• Debt Equity Ratio: 0.77
• Current ratio: 1.62
• Debtors turnover: 7.35
• Net profit margin: 7.85%
• Return on equity ratio: 24.81%
• ROCE: 20.98%
• ROI: 10.93%

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