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Sugar Stocks

The sugar sector in India plays a crucial role in both domestic consumption and industrial applications like ethanol production. With increasing demand and government mandates for ethanol blending, the sector shows promise for growth. Factors such as profitability, financial health, and competitive landscape should be considered before investing. Angel One offers an easy platform for investing in sugar sector stocks like EID Parry and Balrampur Chini Mills. Evaluate stocks based on profitability and debt-to-equity ratios to make informed investment decisions aligned with your goals. Read More
Company
LTP
Volume
Market Cap
52W Low
52W High

LTP

₹ 649.55

9.80 (1.53%)

Volume

1,43,489

Market Cap

₹1,279 Cr

52W Low

₹479.55

52W High

₹855.00

LTP

₹ 41.83

0.10 (0.24%)

Volume

6,13,28,825

Market Cap

₹5,329 Cr

52W Low

₹15.40

52W High

₹43.50

LTP

₹ 432.6

-6.55 (-1.49%)

Volume

51,37,358

Market Cap

₹8,863 Cr

52W Low

₹343.50

52W High

₹485.90

LTP

₹ 2,783.2

38.45 (1.40%)

Volume

5,033

Market Cap

₹3,450 Cr

52W Low

₹2,189.20

52W High

₹2,930.30

LTP

₹ 433.1

2.20 (0.51%)

Volume

2,83,788

Market Cap

₹3,490 Cr

52W Low

₹338.05

52W High

₹490.00

LTP

₹ 9.77

0.15 (1.56%)

Volume

66,13,924

Market Cap

₹905 Cr

52W Low

₹6.72

52W High

₹115.00

LTP

₹ 232.24

3.99 (1.75%)

Volume

3,40,766

Market Cap

₹1,986 Cr

52W Low

₹72.65

52W High

₹238.00

LTP

₹ 153.25

-0.08 (-0.05%)

Volume

1,56,412

Market Cap

₹1,020 Cr

52W Low

₹112.40

52W High

₹191.70

LTP

₹ 246.88

-2.92 (-1.17%)

Volume

8,07,631

Market Cap

₹1,656 Cr

52W Low

₹191.10

52W High

₹325.75

LTP

₹ 100

3.23 (3.34%)

Volume

21,760

Market Cap

₹77 Cr

52W Low

₹42.00

52W High

₹116.29

LTP

₹ 8.55

0.00 (0.00%)

Volume

2,502

Market Cap

₹29 Cr

52W Low

₹8.10

52W High

₹8.75

LTP

₹ 40

-1.05 (-2.56%)

Volume

44,000

Market Cap

₹102 Cr

52W Low

₹32.15

52W High

₹57.90

LTP

₹ 79.18

0.75 (0.96%)

Volume

66,66,979

Market Cap

₹1,477 Cr

52W Low

₹62.00

52W High

₹109.80

LTP

₹ 1.08

-0.04 (-3.57%)

Volume

2,500

Market Cap

₹3 Cr

52W Low

₹0.00

52W High

₹1.10

LTP

₹ 720.5

0.10 (0.01%)

Volume

11,11,910

Market Cap

₹12,805 Cr

52W Low

₹452.35

52W High

₹749.90

LTP

₹ 0.58

0.00 (0.00%)

Volume

1

Market Cap

₹2 Cr

52W Low

₹0.00

52W High

₹0.58

LTP

₹ 22.89

2.08 (10.00%)

Volume

4,78,690

Market Cap

₹135 Cr

52W Low

₹5.42

52W High

₹29.41

LTP

₹ 112.05

0.86 (0.77%)

Volume

33,744

Market Cap

₹193 Cr

52W Low

₹60.00

52W High

₹121.63

LTP

₹ 2.1

0.10 (5.00%)

Volume

3,319

Market Cap

₹3 Cr

52W Low

₹0.00

52W High

₹2.10

LTP

₹ 45.28

0.59 (1.32%)

Volume

28,25,906

Market Cap

₹508 Cr

52W Low

₹24.25

52W High

₹54.05

LTP

₹ 171.05

1.40 (0.83%)

Volume

4,940

Market Cap

₹171 Cr

52W Low

₹73.00

52W High

₹176.95

LTP

₹ 49.1

4.27 (9.52%)

Volume

1,03,69,701

Market Cap

₹413 Cr

52W Low

₹25.55

52W High

₹50.40

LTP

₹ 64.08

0.67 (1.06%)

Volume

3,93,512

Market Cap

₹526 Cr

52W Low

₹39.05

52W High

₹71.70

LTP

₹ 41.95

0.10 (0.24%)

Volume

30,000

Market Cap

₹65 Cr

52W Low

₹36.00

52W High

₹87.00

LTP

₹ 742.55

-11.00 (-1.46%)

Volume

28,809

Market Cap

₹1,065 Cr

52W Low

₹384.55

52W High

₹865.65

LTP

₹ 118.71

-2.05 (-1.70%)

Volume

8,12,828

Market Cap

₹472 Cr

52W Low

₹83.40

52W High

₹124.56

LTP

₹ 4.5

0.00 (0.00%)

Volume

0

Market Cap

₹9 Cr

52W Low

₹0.00

52W High

₹4.50

LTP

₹ 5.14

0.24 (4.90%)

Volume

400

Market Cap

₹7 Cr

52W Low

₹4.24

52W High

₹5.14

LTP

₹ 12.75

0.64 (5.28%)

Volume

69,853

Market Cap

₹181 Cr

52W Low

₹5.55

52W High

₹17.51

LTP

₹ 497.65

8.55 (1.75%)

Volume

2,65,677

Market Cap

₹421 Cr

52W Low

₹363.25

52W High

₹518.00

LTP

₹ 81.5

-1.90 (-2.28%)

Volume

5,23,260

Market Cap

₹276 Cr

52W Low

₹38.30

52W High

₹101.90

LTP

₹ 25.83

-0.55 (-2.08%)

Volume

44,35,905

Market Cap

₹405 Cr

52W Low

₹18.20

52W High

₹30.40

LTP

₹ 5.25

0.25 (5.00%)

Volume

15,649

Market Cap

₹8 Cr

52W Low

₹0.00

52W High

₹5.25

LTP

₹ 39.51

-0.11 (-0.28%)

Volume

16,08,307

Market Cap

₹471 Cr

52W Low

₹23.90

52W High

₹46.75

LTP

₹ 55.5

0.41 (0.74%)

Volume

19,373

Market Cap

₹263 Cr

52W Low

₹32.35

52W High

₹59.99

LTP

₹ 9.5

1.58 (19.95%)

Volume

9,56,692

Market Cap

₹15 Cr

52W Low

₹4.95

52W High

₹9.50

LTP

₹ 49.69

0.39 (0.79%)

Volume

7,27,83,279

Market Cap

₹10,491 Cr

52W Low

₹36.55

52W High

₹57.25

LTP

₹ 33.97

0.26 (0.77%)

Volume

4,40,200

Market Cap

₹139 Cr

52W Low

₹23.25

52W High

₹38.50

LTP

₹ 278.05

6.90 (2.54%)

Volume

4,934

Market Cap

₹142 Cr

52W Low

₹115.05

52W High

₹383.30

LTP

₹ 6.8

0.00 (0.00%)

Volume

11,181

Market Cap

₹8 Cr

52W Low

₹0.00

52W High

₹7.30

LTP

₹ 386.7

-4.95 (-1.26%)

Volume

13,74,352

Market Cap

₹8,571 Cr

52W Low

₹267.50

52W High

₹416.50

LTP

₹ 86.1

0.30 (0.35%)

Volume

7,01,944

Market Cap

₹966 Cr

52W Low

₹64.05

52W High

₹135.90

LTP

₹ 371.6

1.15 (0.31%)

Volume

4,11,994

Market Cap

₹1,413 Cr

52W Low

₹275.00

52W High

₹535.80

LTP

₹ 17.77

0.21 (1.20%)

Volume

23,77,063

Market Cap

₹330 Cr

52W Low

₹14.10

52W High

₹22.30

LTP

₹ 7.57

0.36 (4.99%)

Volume

40,577

Market Cap

₹17 Cr

52W Low

₹0.00

52W High

₹7.57

LTP

₹ 328.85

5.55 (1.72%)

Volume

95,874

Market Cap

₹961 Cr

52W Low

₹136.10

52W High

₹374.20

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About the Sugar Sector

Sugar is an important addition to multiple food items in both India and abroad, especially in processed food. In modern times, sugarcane is also extensively used in producing ethanol that can be added to petrol for the automobile industry. According to the Indian Sugar Mills Association, 3.65 crore tonnes of sugar will be produced during the 2022-2023 sugar season. As per the Ministry of Consumer Affairs data from that year, 35 LMT of sugar was allocated for ethanol production in 2022, while sugar mills produced 359 LMT of sugar.

The key factors influencing the sugar sector are government regulations, sugarcane availability, and production cost. The key metrics used to assess sugar companies are operating efficiency, their relationship with farmers, and their location. The Central Government, in its National Bio-fuels Policy, 2018, mandated 10 per cent blending of ethanol into motor fuel by 2022 and 20 per cent by 2030.

Summary

The sugar sector in India plays a crucial role in both domestic consumption and industrial applications like ethanol production. With increasing demand and government mandates for ethanol blending, the sector shows promise for growth. Factors such as profitability, financial health, and competitive landscape should be considered before investing. Angel One offers an easy platform for investing in sugar sector stocks like EID Parry and Balrampur Chini Mills. Evaluate stocks based on metrics like profitability and debt-to-equity ratio to make informed investment decisions aligned with your goals.

Future Outlook of the Sugar Sector

Despite the pandemic restrictions and the disrupted supply chain, the Indian cane sugar market grew due to the increasing demand for sugar in the country. Due to the increase in demand for organic and naturally derived products, demand for organic sugar is also growing in India. Additionally, Indian organic sugar is used in most ayurvedic medicines and potions made in India. India’s cane sugar market is expected to expand at a CAGR of 5.2% from 2024 to 2029.

India is the world’s largest producer and consumer of sugar and has an expanding population. Sugar is a major ingredient in several low-cost and premium processed foods. Hence, over the medium term, demand is anticipated to rise.

Things To Consider Before Investing in the Sugar Sector

  1. Check for Profitability: Prioritise companies that can remain profitable. Remember, external factors, like the costs of raw materials such as sugarcane, fertiliser, processing costs, etc., can impact profitability in the sugar sector. Check for an emphasis on technology for operational efficiency.
  2. Financial Fitness: Understand the financial health of individual companies. Scrutinise profitability, cash flow, and capital efficiency to assess their operational strength.
  3. Competitive Landscape: Map the major players in the Indian sugar market and their market shares. Prioritise established brands with proven track records, but stay alert to potential disruptors.
  4. Align with Your Goals: Consider your investment timeframe and objectives. Long-term capital appreciation requires companies with strong market positions and long-term growth potential.

How To Invest in Sugar Sector Stocks?

Investing in sugar sector stocks via Angel One is easy. Simply follow these steps:

  1. Log in to your Angel One account.
  2. Click on the search icon and look for your desired sugar sector stock.
  3. Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
  4. To complete your transaction, click on the ‘Buy’ button.

If you don’t have a Demat account with Angel One, you can open one for free online within minutes.

FAQs

What are Sugar sector stocks?

Sugar sector stocks represent companies involved in the manufacturing and distributing of sugar used across various industries. This includes concentrated sugar as well as added sugar in processed food.

What are the top stocks from the Sugar sector in terms of market cap?

EID Parry, Shree Renuka Sugar, Balrampur Chini Mills, etc., are some of India’s biggest Sugar sector companies with publicly traded stocks.

How to evaluate Sugar sector stocks?

You may assess stocks based on financial health through metrics like profitability, debt-to-equity ratio, and operational efficiency.

Why should you invest in Sugar stocks?

In India, the sector is set to grow at a CAGR of 5.20% in FY 2024-29. Hence, consider investing in stocks of a growing sector.

Which are the best Sugar sector stocks to invest in?

With a 5-year CAGR of nearly 58.16% as of February 2, 2024, Magadh Sugar is the best sugar sector company. As such, the top Sugars sector stock can be selected based on various factors like cash richness, market size, growth rate, etc. Do your own research before deciding which stock is the best for your investment strategy.

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