Is the Sugar sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 8 of 20 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
Sugar Stocks in India
Sugar: EID Parry (India) Ltd owns the largest revenue base; Andhra Sugars Ltd has the fastest current growth.
Nifty Sugar Index — Constituents & Performance
The Sugar companies below are the listed Indian Sugar universe this page tracks — the same constituent set people search for as the Nifty Sugar index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has Sugar moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 9% behind NIFTY 500. Earnings across its companies grew 1% on average over the last four reported quarters — close to flat.
ASLEEP · 1y −4.8%~Moving with the index2 of 18 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more
RS — · 8/18 >200d (+1) · 2/18 lead (+1) · EPS 9/16↑
Sugar, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
NarrowHow much of the sector is participating, how recently, and whether the movers score well.
Together2 of 18 stocks moving
Fresh2 crossed in the last 4 weeks
Backed by scoresmovers score −3 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
1/4+1
Mid
0/60
Small
1/80
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 18 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Sugar outperforming NIFTY 500?
The 52-week comparison of Sugar against NIFTY 500 is not available from the current market series. 8 of 20 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. M.V.K. Agro Food Product Ltd is the strongest against the sector itself at +33.8%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
8/20Stocks leading NIFTY 500
9/19Stocks leading sector
Sector metric: 16.7 as of 2026-07-19 · NARROWING · rising.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 8 of 20 covered companies currently have positive Mansfield relative strength versus NIFTY 500. EID Parry (India) Ltd leads with revenue of ₹38,542 crore, based on 19 of 20 comparable companies through Mar 2026. Andhra Sugars Ltd has the fastest current revenue growth at 22.1%, across 19 of 20 comparable companies.
Which Sugar company is largest by revenue?
EID Parry (India) Ltd leads with revenue of ₹38,542 crore, based on 19 of 20 comparable companies through Mar 2026.
Which Sugar company is growing fastest?
Andhra Sugars Ltd has the fastest current revenue growth at 22.1%, across 19 of 20 comparable companies.
Which Sugar company has the strongest 4-Factor Sector Score?
Triveni Engineering and Industries Ltd ranks first at 65.5/100 with 92.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Sugar company reports the most CAPEX?
M.V.K. Agro Food Product Ltd reports the largest latest CAPEX at ₹26 crore, with 2 of 20 companies comparable.
Which Sugar company has the least gross debt?
Andhra Sugars Ltd has the lowest comparable gross debt at ₹1 crore. Shree Renuka Sugars Ltd has the highest at ₹7,174 crore.
Which Sugar company has the lowest comparable PEG?
Triveni Engineering and Industries Ltd has the lowest comparable Guarded PEG at 0.43, among 6 of 20 companies that pass the metric’s comparability rules.
How much history does this Sugar comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
20
complete canonical membership
Combined market value
₹75.1K Cr
DCM Shriram Ltd
Revenue growing
14/19
positive TTM year-on-year growth
Beating NIFTY 500
8/20
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Triveni Engineering and Industries Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 92.8% evidence confidence.
Dalmia Bharat Sugar & Industries Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Dalmia Bharat Sugar & Industries Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. Triveni Engineering and Industries Ltd · TRIVENI
65.5/100 · Favorable setup · 93% evidence
Exact sum: 19.7 + 14.2 + 13 + 18.6 = 65.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19.7/35Growth & earnings
Revenue 10.6% · PAT 12.1% · OPM change -1 pp
83% evidence
14.2/25Capital efficiency
ROCE 9% · debt/equity 0.65×
95% evidence
13.0/20Valuation
P/E 19.6× · PEG 0.43
100% evidence
18.6/20Relative strength
RS sector 22.9% · RS bench 24.7% · 1Y 30.1%
100% evidence
2. Andhra Sugars Ltd · ANDHRSUGAR
64.8/100 · Mixed-positive evidence · 83% evidence
Exact sum: 27.1 + 15.3 + 13 + 9.4 = 64.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27.1/35Growth & earnings
Revenue 22.1% · PAT 100% · OPM change -1.8 pp
83% evidence
15.3/25Capital efficiency
ROCE 8.5% · debt/equity 0×
95% evidence
13.0/20Valuation
P/E 11.7× · PEG —
50% evidence
9.4/20Relative strength
RS sector 2.2% · RS bench 3.5% · 1Y -0.6%
100% evidence
3. Uttam Sugar Mills Ltd · UTTAMSUGAR
57.4/100 · Mixed-positive evidence · 70% evidence
Exact sum: 23.4 + 15.1 + 11.2 + 7.7 = 57.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.4/35Growth & earnings
Revenue 19.2% · PAT 17.4% · OPM change 1 pp
83% evidence
15.1/25Capital efficiency
ROCE 11.5% · debt/equity 0.82×
95% evidence
11.2/20Valuation
P/E 8.6× · PEG —
15% evidence
7.7/20Relative strength
RS sector -9.1% · RS bench -2.5% · 1Y -17.1%
70% evidence
4. M.V.K. Agro Food Product Ltd · MVKAGRO
55.5/100 · Thin evidence · provisional · 52% evidence
Exact sum: 18.2 + 16.5 + 8.8 + 12 = 55.5
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
18.2/35Growth & earnings
Revenue — · PAT — · OPM change 17 pp
32% evidence
16.5/25Capital efficiency
ROCE 14.4% · debt/equity 0.67×
95% evidence
8.8/20Valuation
P/E 42× · PEG —
15% evidence
12.0/20Relative strength
RS sector 33.8% · RS bench -21.4% · 1Y 102.2%
70% evidence
5. Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
54.3/100 · Mixed-positive evidence · 96% evidence
Exact sum: 9.8 + 13.2 + 15 + 16.3 = 54.3
Decision use: Price leads the evidence: RS versus the benchmark is 7.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9.8/35Growth & earnings
Revenue -3.2% · PAT -37.7% · OPM change -2 pp
88% evidence
13.2/25Capital efficiency
ROCE 8.2% · debt/equity 0.56×
100% evidence
15.0/20Valuation
P/E 12.7× · PEG 0.48
100% evidence
16.3/20Relative strength
RS sector 6.6% · RS bench 7.9% · 1Y -7.4%
100% evidence
6. Dhampur Sugar Mills Ltd · DHAMPURSUG
53.9/100 · Mixed-positive evidence · 83% evidence
Exact sum: 18.9 + 10.2 + 9.5 + 15.3 = 53.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.9/35Growth & earnings
Revenue 0.6% · PAT 24.5% · OPM change 1 pp
83% evidence
10.2/25Capital efficiency
ROCE 6.4% · debt/equity 0.75×
95% evidence
9.5/20Valuation
P/E 14× · PEG —
50% evidence
15.3/20Relative strength
RS sector 4.6% · RS bench 5.9% · 1Y -6.3%
100% evidence
7. DCM Shriram Ltd · DCMSHRIRAM
53.6/100 · Mixed-positive evidence · 96% evidence
Exact sum: 20.5 + 14.7 + 14.3 + 4.1 = 53.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.5/35Growth & earnings
Revenue 12.1% · PAT 41.9% · OPM change -3 pp
88% evidence
14.7/25Capital efficiency
ROCE 11.5% · debt/equity 0.38×
100% evidence
14.3/20Valuation
P/E 18.5× · PEG 0.87
100% evidence
4.1/20Relative strength
RS sector -14.9% · RS bench -13.6% · 1Y -27.4%
100% evidence
8. Bannari Amman Sugars Ltd · BANARISUG
52.5/100 · Mixed-positive evidence · 96% evidence
Exact sum: 17.8 + 17.2 + 9.4 + 8.1 = 52.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17.8/35Growth & earnings
Revenue 6.9% · PAT 42.3% · OPM change -10 pp
88% evidence
17.2/25Capital efficiency
ROCE 9.3% · debt/equity 0.01×
100% evidence
9.4/20Valuation
P/E 29.7× · PEG 1.75
100% evidence
8.1/20Relative strength
RS sector -6.5% · RS bench -5.1% · 1Y -8.3%
100% evidence
9. Dwarikesh Sugar Industries Ltd · DWARKESH
52.2/100 · Thin evidence · provisional · 55% evidence
Exact sum: 17.4 + 9.7 + 9.7 + 15.4 = 52.2
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17.4/35Growth & earnings
Revenue 20.1% · PAT -80% · OPM change -3 pp
31% evidence
9.7/25Capital efficiency
ROCE 5% · debt/equity 0.41×
84% evidence
9.7/20Valuation
P/E 25.6× · PEG —
15% evidence
15.4/20Relative strength
RS sector 4.3% · RS bench 5.6% · 1Y -9%
100% evidence
10. Dhampur Bio Organics Ltd · DBOL
49.9/100 · Mixed-negative evidence · 72% evidence
Exact sum: 21.4 + 6.1 + 9.5 + 12.9 = 49.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21.4/35Growth & earnings
Revenue 8% · PAT 100% · OPM change 0 pp
71% evidence
6.1/25Capital efficiency
ROCE 5% · debt/equity 1.03×
95% evidence
9.5/20Valuation
P/E 26.5× · PEG —
15% evidence
12.9/20Relative strength
RS sector 15.3% · RS bench 16.6% · 1Y 8%
100% evidence
11. EID Parry (India) Ltd · EIDPARRY
49.5/100 · Mixed-negative evidence · 73% evidence
Exact sum: 19.9 + 17.1 + 8.4 + 4.1 = 49.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19.9/35Growth & earnings
Revenue 21.9% · PAT -22.2% · OPM change 0 pp
83% evidence
17.1/25Capital efficiency
ROCE 17% · debt/equity 0.4×
80% evidence
8.4/20Valuation
P/E 20.6× · PEG —
50% evidence
4.1/20Relative strength
RS sector -20.5% · RS bench -20.4% · 1Y -34.8%
70% evidence
12. Balrampur Chini Mills Ltd · BALRAMCHIN
47.8/100 · Mixed-negative evidence · 96% evidence
Exact sum: 14.8 + 12.1 + 2.2 + 18.7 = 47.8
Decision use: Price leads the evidence: RS versus the benchmark is 20.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
14.8/35Growth & earnings
Revenue 15.8% · PAT -13.1% · OPM change -6 pp
88% evidence
12.1/25Capital efficiency
ROCE 9.3% · debt/equity 0.77×
100% evidence
2.2/20Valuation
P/E 34.1× · PEG 2.21
100% evidence
18.7/20Relative strength
RS sector 19.3% · RS bench 20.9% · 1Y -2.2%
100% evidence
13. Bajaj Hindusthan Sugar Ltd · BAJAJHIND
46.2/100 · Mixed-negative evidence · 90% evidence
Exact sum: 22.6 + 8.2 + 10.7 + 4.7 = 46.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22.6/35Growth & earnings
Revenue -2.2% · PAT 100% · OPM change 4 pp
88% evidence
8.2/25Capital efficiency
ROCE 2.3% · debt/equity 0.93×
100% evidence
10.7/20Valuation
P/E 29.4× · PEG 1.32
100% evidence
4.7/20Relative strength
RS sector -21% · RS bench -10.3% · 1Y -34.4%
70% evidence
14. Avadh Sugar & Energy Ltd · AVADHSUGAR
45.0/100 · Mixed-negative evidence · 83% evidence
Exact sum: 8.7 + 9.3 + 7.9 + 19.1 = 45
Decision use: Price leads the evidence: RS versus the benchmark is 24.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8.7/35Growth & earnings
Revenue 2.2% · PAT -34.8% · OPM change -4 pp
83% evidence
9.3/25Capital efficiency
ROCE 6.8% · debt/equity 1.25×
95% evidence
7.9/20Valuation
P/E 16.8× · PEG —
50% evidence
19.1/20Relative strength
RS sector 23% · RS bench 24.3% · 1Y 8.8%
100% evidence
15. Zuari Industries Ltd · ZUARIIND
43.2/100 · Mixed-negative evidence · 62% evidence
Exact sum: 18.4 + 8.9 + 11.5 + 4.4 = 43.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.4/35Growth & earnings
Revenue 7.7% · PAT 100% · OPM change 1 pp
62% evidence
8.9/25Capital efficiency
ROCE 5.5% · debt/equity 0.72×
95% evidence
11.5/20Valuation
P/E 6.6× · PEG —
15% evidence
4.4/20Relative strength
RS sector -26.8% · RS bench -9.2% · 1Y -1.7%
70% evidence
16. Godavari Biorefineries Ltd · GODAVARIB
42.0/100 · Mixed-negative evidence · 76% evidence
Exact sum: 19.9 + 9.9 + 8.7 + 3.5 = 42
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19.9/35Growth & earnings
Revenue 6.3% · PAT 100% · OPM change -4 pp
83% evidence
9.9/25Capital efficiency
ROCE 6.5% · debt/equity 0.67×
95% evidence
8.7/20Valuation
P/E 42.4× · PEG —
15% evidence
3.5/20Relative strength
RS sector -11.2% · RS bench -10% · 1Y -17.5%
100% evidence
17. Davangere Sugar Company Ltd · DAVANGERE
36.8/100 · Mixed-negative evidence · 70% evidence
Exact sum: 13.7 + 10.4 + 8.5 + 4.2 = 36.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13.7/35Growth & earnings
Revenue 11.1% · PAT -22.3% · OPM change -6.9 pp
83% evidence
10.4/25Capital efficiency
ROCE 5.6% · debt/equity 0.49×
95% evidence
8.5/20Valuation
P/E 58.6× · PEG —
15% evidence
4.2/20Relative strength
RS sector -25% · RS bench -12.6% · 1Y -47.8%
70% evidence
18. Magadh Sugar & Energy Ltd · MAGADSUGAR
34.5/100 · Adverse evidence · 77% evidence
Exact sum: 6.2 + 10.9 + 10.5 + 6.9 = 34.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6.2/35Growth & earnings
Revenue -5.9% · PAT -41.3% · OPM change -5 pp
83% evidence
10.9/25Capital efficiency
ROCE 7.8% · debt/equity 0.79×
95% evidence
10.5/20Valuation
P/E 11× · PEG —
50% evidence
6.9/20Relative strength
RS sector -19.1% · RS bench -0.8% · 1Y -21.5%
70% evidence
19. Shree Renuka Sugars Ltd · RENUKA
18.9/100 · Adverse evidence · 70% evidence
Exact sum: 2.4 + 3.5 + 10 + 3 = 18.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2.4/35Growth & earnings
Revenue -15.2% · PAT -80% · OPM change -9 pp
88% evidence
3.5/25Capital efficiency
ROCE -3.1% · debt/equity —
76% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
3.0/20Relative strength
RS sector -18.1% · RS bench -16.9% · 1Y -30%
100% evidence
20. DCM Shriram Industries Ltd · DCMSRIND
43.5/100 · Thin evidence · provisional · 48% evidence
Exact sum: 12.1 + 15 + 8.4 + 8 = 43.5
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12.1/35Growth & earnings
Revenue -3.7% · PAT -50% · OPM change -6.8 pp
45% evidence
15.0/25Capital efficiency
ROCE 13.7% · debt/equity 0.33×
71% evidence
8.4/20Valuation
P/E 8.2× · PEG —
50% evidence
8.0/20Relative strength
RS sector — · RS bench -16.3% · 1Y —
25% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
EID Parry (India) Ltd has the highest Revenue among the 20 Sugar companies compared here, at ₹38,542 crore. DCM Shriram Ltd is next at ₹13,538 crore. Andhra Sugars Ltd has the highest Revenue growth at 22.1%, so level and change sit with different companies. 19 of 20 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: EID Parry (India) Ltd is the scale leader at ₹38,542 crore, 184.7% ahead of DCM Shriram Ltd. Andhra Sugars Ltd's growth is 22.1% from a ₹2,466 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderEID Parry (India) Ltd · ₹38,542 crore
Gap184.7% versus #2 · DCM Shriram Ltd
Persistence7/8 recent comparable periods
Coverage19/20 companies · 287 observations
Investor read: EID Parry (India) Ltd is the scale benchmark; Andhra Sugars Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: EID Parry (India) Ltd's growth falls below Andhra Sugars Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1EID Parry (India) Ltd EIDPARRY₹38.5K Cr
2DCM Shriram Ltd DCMSHRIRAM₹13.5K Cr
3Shree Renuka Sugars Ltd RENUKA₹9.3K Cr
4Triveni Engineering and Industries Ltd TRIVENI₹6.3K Cr
5Balrampur Chini Mills Ltd BALRAMCHIN₹6.3K Cr
Revenue growthfastest growers
1Andhra Sugars Ltd ANDHRSUGAR⚠ unverified22%
2EID Parry (India) Ltd EIDPARRY22%
3Dwarikesh Sugar Industries Ltd DWARKESH⚠ unverified20%
4Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified19%
5Balrampur Chini Mills Ltd BALRAMCHIN16%
Revenue · company comparison
19/20 level · 19/20 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| EID Parry (India) Ltd EIDPARRY | ₹7.9K Cr | 16% | Mar 2026 |
| DCM Shriram Ltd DCMSHRIRAM | ₹3.2K Cr | 11% | Mar 2026 |
| Shree Renuka Sugars Ltd RENUKA | ₹2.5K Cr | -5.3% | Mar 2026 |
| Bajaj Hindusthan Sugar Ltd BAJAJHIND | ₹1.7K Cr | 7.4% | Mar 2026 |
| Balrampur Chini Mills Ltd BALRAMCHIN | ₹1.6K Cr | 6.7% | Mar 2026 |
| Triveni Engineering and Industries Ltd TRIVENI | ₹1.5K Cr | -7.4% | Mar 2026 |
| Dalmia Bharat Sugar & Industries Ltd DALMIASUG | ₹991 Cr | -2.5% | Mar 2026 |
| Avadh Sugar & Energy Ltd AVADHSUGAR⚠ unverified | ₹671 Cr | -1.2% | Mar 2026 |
| Andhra Sugars Ltd ANDHRSUGAR⚠ unverified | ₹637 Cr | 27% | Mar 2026 |
| Godavari Biorefineries Ltd GODAVARIB⚠ unverified | ₹564 Cr | -2.8% | Mar 2026 |
| Dhampur Bio Organics Ltd DBOL⚠ unverified | ₹533 Cr | 8.3% | Jun 2026 |
| DCM Shriram Industries Ltd DCMSRIND | ₹527 Cr | -1.2% | Sep 2025 |
| Dhampur Sugar Mills Ltd DHAMPURSUG⚠ unverified | ₹491 Cr | -21% | Mar 2026 |
| Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified | ₹470 Cr | -17% | Mar 2026 |
| Magadh Sugar & Energy Ltd MAGADSUGAR⚠ unverified | ₹291 Cr | -18% | Mar 2026 |
| Zuari Industries Ltd ZUARIIND⚠ unverified | ₹284 Cr | 4.4% | Mar 2026 |
| Bannari Amman Sugars Ltd BANARISUG | ₹282 Cr | -43% | Mar 2026 |
| M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified | ₹134 Cr | 97% | Mar 2026 |
| Davangere Sugar Company Ltd DAVANGERE | ₹84 Cr | 47% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
—
—
—
—
—
₹559 Cr
₹539 Cr
₹492 Cr
₹518 Cr
₹451 Cr
₹433 Cr
₹480 Cr
₹528 Cr
₹511 Cr
₹500 Cr
₹600 Cr
₹597 Cr
₹631 Cr
₹637 Cr
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
—
—
—
—
—
₹675 Cr
₹846 Cr
₹682 Cr
₹798 Cr
₹594 Cr
₹620 Cr
₹708 Cr
₹632 Cr
₹617 Cr
₹679 Cr
₹717 Cr
₹668 Cr
₹638 Cr
₹671 Cr
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
₹1.3K Cr
₹1.3K Cr
₹1.6K Cr
₹1.5K Cr
₹1.3K Cr
₹1.4K Cr
₹2.1K Cr
₹1.4K Cr
₹1.1K Cr
₹1.7K Cr
₹1.9K Cr
₹1.4K Cr
₹1.2K Cr
₹1.5K Cr
₹1.6K Cr
₹1.2K Cr
₹1.2K Cr
₹1.4K Cr
₹1.7K Cr
—
Balrampur Chini Mills Ltd · BALRAMCHIN
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.1K Cr
₹1.1K Cr
₹981 Cr
₹1.5K Cr
₹1.4K Cr
₹1.5K Cr
₹1.2K Cr
₹1.4K Cr
₹1.4K Cr
₹1.3K Cr
₹1.2K Cr
₹1.5K Cr
₹1.5K Cr
₹1.7K Cr
₹1.5K Cr
₹1.6K Cr
—
Bannari Amman Sugars Ltd · BANARISUG
₹447 Cr
₹714 Cr
₹464 Cr
₹427 Cr
₹510 Cr
₹932 Cr
₹656 Cr
₹431 Cr
₹600 Cr
₹768 Cr
₹421 Cr
₹404 Cr
₹474 Cr
₹421 Cr
₹494 Cr
₹419 Cr
₹572 Cr
₹644 Cr
₹282 Cr
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
₹728 Cr
₹616 Cr
₹856 Cr
₹938 Cr
₹579 Cr
₹600 Cr
₹1.1K Cr
₹834 Cr
₹732 Cr
₹584 Cr
₹750 Cr
₹960 Cr
₹926 Cr
₹838 Cr
₹1.0K Cr
₹941 Cr
₹989 Cr
₹698 Cr
₹991 Cr
—
DCM Shriram Ltd · DCMSHRIRAM
₹2.1K Cr
₹2.7K Cr
₹2.8K Cr
₹2.9K Cr
₹2.7K Cr
₹3.2K Cr
₹2.7K Cr
₹2.8K Cr
₹2.7K Cr
₹3.0K Cr
₹2.4K Cr
₹2.9K Cr
₹3.0K Cr
₹3.4K Cr
₹2.9K Cr
₹3.3K Cr
₹3.3K Cr
₹3.8K Cr
₹3.2K Cr
—
EID Parry (India) Ltd · EIDPARRY
—
—
—
—
—
₹9.9K Cr
₹6.9K Cr
₹7.0K Cr
₹9.1K Cr
₹7.8K Cr
₹5.6K Cr
₹6.7K Cr
₹9.3K Cr
₹8.7K Cr
₹6.8K Cr
₹8.7K Cr
₹11.6K Cr
₹10.3K Cr
₹7.9K Cr
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
₹239 Cr
₹398 Cr
₹615 Cr
₹523 Cr
₹321 Cr
₹447 Cr
₹580 Cr
₹533 Cr
₹431 Cr
₹460 Cr
₹564 Cr
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
₹27 Cr
₹68 Cr
—
₹42 Cr
₹112 Cr
₹134 Cr
—
Shree Renuka Sugars Ltd · RENUKA
₹1.4K Cr
₹2.0K Cr
₹2.2K Cr
₹2.0K Cr
₹2.2K Cr
₹2.6K Cr
₹2.3K Cr
₹2.3K Cr
₹2.6K Cr
₹3.1K Cr
₹3.4K Cr
₹3.1K Cr
₹2.6K Cr
₹2.6K Cr
₹2.7K Cr
₹2.0K Cr
₹2.4K Cr
₹2.3K Cr
₹2.5K Cr
—
Triveni Engineering and Industries Ltd · TRIVENI
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.3K Cr
₹1.5K Cr
₹1.6K Cr
₹1.2K Cr
₹1.4K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.5K Cr
₹1.3K Cr
₹1.6K Cr
₹1.6K Cr
₹1.7K Cr
₹1.5K Cr
₹1.5K Cr
—
Revenue growth · reported quarter history
Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
—
—
—
—
—
—
—
—
—
-19%
-20%
-2.4%
2.0%
13%
15%
25%
13%
24%
27%
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
—
—
—
—
—
—
—
—
—
-12%
-27%
3.8%
-21%
3.9%
9.5%
1.3%
5.7%
3.4%
-1.2%
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
—
—
—
13%
-1.6%
14%
27%
-11%
-14%
22%
-9.0%
1.9%
2.4%
-15%
-17%
-10.0%
-0.3%
-6.5%
7.4%
—
Balrampur Chini Mills Ltd · BALRAMCHIN
—
—
—
-5.3%
-8.3%
-19%
17%
29%
38%
25%
-3.9%
2.3%
-16%
-3.1%
4.9%
8.4%
29%
22%
6.7%
—
Bannari Amman Sugars Ltd · BANARISUG
—
—
—
14%
14%
31%
41%
0.9%
18%
-18%
-36%
-6.3%
-21%
-45%
17%
3.7%
21%
53%
-43%
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
—
—
—
15%
-20%
-2.6%
34%
-11%
26%
-2.7%
-35%
15%
27%
43%
35%
-2.0%
6.8%
-17%
-2.5%
—
DCM Shriram Ltd · DCMSHRIRAM
—
—
—
46%
28%
19%
-2.7%
-2.5%
-1.2%
-6.2%
-12%
3.5%
9.2%
11%
20%
13%
11%
13%
11%
—
EID Parry (India) Ltd · EIDPARRY
—
—
—
—
—
—
—
—
—
-22%
-19%
-4.0%
3.0%
12%
23%
29%
25%
18%
16%
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
34%
12%
-5.7%
1.9%
34%
2.9%
-2.8%
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
315%
97%
—
Shree Renuka Sugars Ltd · RENUKA
—
—
—
135%
55%
27%
7.1%
17%
17%
20%
45%
34%
0.4%
-15%
-20%
-34%
-5.6%
-13%
-5.3%
—
Triveni Engineering and Industries Ltd · TRIVENI
—
—
—
18%
26%
31%
48%
-2.3%
4.7%
-10%
-18%
8.6%
5.8%
-3.3%
25%
23%
14%
17%
-7.4%
—
02 · compare level, then change
Operating Economics & Margin Trend
Magadh Sugar & Energy Ltd has the highest OPM among the 20 Sugar companies compared here, at 27%. Bajaj Hindusthan Sugar Ltd is next at 22%. M.V.K. Agro Food Product Ltd has the highest Margin change at +17 percentage points, so level and change sit with different companies. Its OPM series carries 19 reported observations across the 20-quarter window.
What the numbers say: Magadh Sugar & Energy Ltd leads opm at 27%; M.V.K. Agro Food Product Ltd leads margin change at +17 percentage points.
LeaderMagadh Sugar & Energy Ltd · 27%
Gap22.7% versus #2 · Bajaj Hindusthan Sugar Ltd
Persistence2/8 recent comparable periods
Coverage20/20 companies · 361 observations
Investor read: Magadh Sugar & Energy Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Magadh Sugar & Energy Ltd MAGADSUGAR⚠ unverified27%
2Bajaj Hindusthan Sugar Ltd BAJAJHIND22%
3M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified22%
4Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified21%
5Dwarikesh Sugar Industries Ltd DWARKESH⚠ unverified20%
Margin changefastest expanders
1M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified+17.0 pp
2Bajaj Hindusthan Sugar Ltd BAJAJHIND+4.0 pp
3Dhampur Sugar Mills Ltd DHAMPURSUG⚠ unverified+1.0 pp
4Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified+1.0 pp
5Zuari Industries Ltd ZUARIIND⚠ unverified+1.0 pp
Operating margin · company comparison
20/20 level · 20/20 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Magadh Sugar & Energy Ltd MAGADSUGAR⚠ unverified | 27% | −5.0 pp | Mar 2026 |
| Bajaj Hindusthan Sugar Ltd BAJAJHIND | 22% | +4.0 pp | Mar 2026 |
| M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified | 22% | +17.0 pp | Mar 2026 |
| Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified | 21% | +1.0 pp | Mar 2026 |
| Dwarikesh Sugar Industries Ltd DWARKESH⚠ unverified | 20% | −3.0 pp | Mar 2026 |
| Balrampur Chini Mills Ltd BALRAMCHIN | 18% | −6.0 pp | Mar 2026 |
| Triveni Engineering and Industries Ltd TRIVENI | 18% | −1.0 pp | Mar 2026 |
| Avadh Sugar & Energy Ltd AVADHSUGAR⚠ unverified | 18% | −4.0 pp | Mar 2026 |
| Dalmia Bharat Sugar & Industries Ltd DALMIASUG | 17% | −2.0 pp | Mar 2026 |
| Dhampur Sugar Mills Ltd DHAMPURSUG⚠ unverified | 17% | +1.0 pp | Mar 2026 |
| Godavari Biorefineries Ltd GODAVARIB⚠ unverified | 15% | −4.0 pp | Mar 2026 |
| DCM Shriram Ltd DCMSHRIRAM | 11% | −3.0 pp | Mar 2026 |
| Zuari Industries Ltd ZUARIIND⚠ unverified | 11% | +1.0 pp | Mar 2026 |
| Davangere Sugar Company Ltd DAVANGERE | 10% | −6.9 pp | Mar 2026 |
| EID Parry (India) Ltd EIDPARRY | 8.0% | 0.0 pp | Mar 2026 |
| Andhra Sugars Ltd ANDHRSUGAR⚠ unverified | 7.5% | −1.8 pp | Mar 2026 |
| Shree Renuka Sugars Ltd RENUKA | 2.0% | −9.0 pp | Mar 2026 |
| Dhampur Bio Organics Ltd DBOL⚠ unverified | 2.0% | 0.0 pp | Jun 2026 |
| DCM Shriram Industries Ltd DCMSRIND | 1.8% | −6.8 pp | Sep 2025 |
| Bannari Amman Sugars Ltd BANARISUG | 1.0% | −10.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
11%
13%
16%
16%
12%
12%
9.9%
8.2%
5.4%
3.3%
7.0%
2.3%
3.9%
3.2%
9.3%
8.6%
9.2%
7.6%
7.5%
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
12%
9.8%
11%
9.3%
0.1%
7.0%
17%
11%
10%
10%
20%
8.0%
5.0%
6.0%
22%
4.0%
3.0%
9.0%
18%
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
0.1%
-4.2%
9.5%
2.2%
-6.0%
6.0%
11%
2.0%
-5.0%
6.0%
9.0%
2.0%
0.0%
-2.0%
18%
-2.0%
-5.0%
5.0%
22%
—
Balrampur Chini Mills Ltd · BALRAMCHIN
11%
8.2%
26%
4.1%
-1.4%
8.0%
27%
12%
11%
9.0%
24%
12%
4.0%
10%
24%
9.0%
7.0%
14%
18%
—
Bannari Amman Sugars Ltd · BANARISUG
12%
9.2%
15%
8.2%
13%
10%
16%
10%
15%
16%
12%
7.0%
14%
15%
11%
9.0%
13%
13%
1.0%
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
12%
14%
15%
8.7%
-3.6%
19%
18%
14%
9.0%
19%
16%
12%
7.0%
12%
19%
10%
6.0%
16%
17%
—
DCM Shriram Ltd · DCMSHRIRAM
14%
21%
22%
15%
9.9%
17%
13%
6.0%
4.0%
15%
11%
9.0%
6.0%
15%
14%
9.0%
9.0%
14%
11%
—
EID Parry (India) Ltd · EIDPARRY
11%
9.4%
11%
9.7%
8.4%
9.0%
9.0%
9.0%
12%
5.0%
8.0%
7.0%
10%
8.0%
8.0%
9.0%
10%
8.0%
8.0%
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
-13%
11%
18%
-2.0%
-10%
8.0%
19%
1.0%
-2.0%
9.0%
15%
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
17%
—
22%
—
13%
—
18%
22%
5.0%
—
19%
13%
22%
—
Shree Renuka Sugars Ltd · RENUKA
2.5%
8.5%
13%
2.7%
2.1%
8.0%
11%
3.0%
3.0%
8.0%
8.0%
3.0%
9.0%
0.0%
11%
-4.0%
-8.0%
11%
2.0%
—
Triveni Engineering and Industries Ltd · TRIVENI
10%
18%
16%
9.3%
3.4%
13%
17%
10%
4.0%
15%
19%
7.0%
0.0%
6.0%
19%
3.0%
4.0%
10%
18%
—
Margin change · reported quarter history
Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
−4.7 pp
+1.3 pp
+1.5 pp
+1.7 pp
+0.9 pp
−0.6 pp
−5.7 pp
−7.4 pp
−6.3 pp
−8.7 pp
−2.9 pp
−5.9 pp
−1.5 pp
−0.1 pp
+2.3 pp
+6.3 pp
+5.3 pp
+4.4 pp
−1.8 pp
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
+3.4 pp
+3.6 pp
−1.7 pp
−2.0 pp
−12.0 pp
−2.8 pp
+5.8 pp
+1.7 pp
+9.9 pp
+3.0 pp
+3.0 pp
−3.0 pp
−5.0 pp
−4.0 pp
+2.0 pp
−4.0 pp
−2.0 pp
+3.0 pp
−4.0 pp
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
+2.8 pp
−0.0 pp
−1.2 pp
−2.9 pp
−6.1 pp
+10.2 pp
+1.5 pp
−0.2 pp
+1.0 pp
0.0 pp
−2.0 pp
0.0 pp
+5.0 pp
−8.0 pp
+9.0 pp
−4.0 pp
−5.0 pp
+7.0 pp
+4.0 pp
—
Balrampur Chini Mills Ltd · BALRAMCHIN
+1.2 pp
+4.8 pp
−6.8 pp
−7.6 pp
−12.5 pp
−0.2 pp
+1.2 pp
+7.9 pp
+12.4 pp
+1.0 pp
−3.0 pp
0.0 pp
−7.0 pp
+1.0 pp
0.0 pp
−3.0 pp
+3.0 pp
+4.0 pp
−6.0 pp
—
Bannari Amman Sugars Ltd · BANARISUG
−2.8 pp
−4.8 pp
+3.0 pp
+0.7 pp
+1.8 pp
+0.9 pp
+0.8 pp
+1.8 pp
+1.6 pp
+6.0 pp
−4.0 pp
−3.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
+2.0 pp
−1.0 pp
−2.0 pp
−10.0 pp
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
−0.8 pp
+4.8 pp
−11.0 pp
−8.5 pp
−15.6 pp
+5.0 pp
+3.0 pp
+5.3 pp
+12.6 pp
0.0 pp
−2.0 pp
−2.0 pp
−2.0 pp
−7.0 pp
+3.0 pp
−2.0 pp
−1.0 pp
+4.0 pp
−2.0 pp
—
DCM Shriram Ltd · DCMSHRIRAM
+2.7 pp
+2.4 pp
+5.6 pp
+0.8 pp
−3.7 pp
−4.1 pp
−9.1 pp
−9.3 pp
−5.9 pp
−2.0 pp
−2.0 pp
+3.0 pp
+2.0 pp
0.0 pp
+3.0 pp
0.0 pp
+3.0 pp
−1.0 pp
−3.0 pp
—
EID Parry (India) Ltd · EIDPARRY
−4.3 pp
−2.6 pp
+3.9 pp
−0.3 pp
−2.3 pp
−0.4 pp
−1.9 pp
−0.7 pp
+3.6 pp
−4.0 pp
−1.0 pp
−2.0 pp
−2.0 pp
+3.0 pp
0.0 pp
+2.0 pp
0.0 pp
0.0 pp
0.0 pp
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
+3.0 pp
−3.0 pp
+1.0 pp
+3.0 pp
+8.0 pp
+1.0 pp
−4.0 pp
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
—
—
—
−4.0 pp
—
−3.3 pp
—
−8.1 pp
—
+0.8 pp
−9.0 pp
+17.0 pp
—
Shree Renuka Sugars Ltd · RENUKA
−5.7 pp
+0.7 pp
−6.3 pp
+13.2 pp
−0.4 pp
−0.5 pp
−1.6 pp
+0.3 pp
+0.9 pp
0.0 pp
−3.0 pp
0.0 pp
+6.0 pp
−8.0 pp
+3.0 pp
−7.0 pp
−17.0 pp
+11.0 pp
−9.0 pp
—
Triveni Engineering and Industries Ltd · TRIVENI
+3.5 pp
+3.9 pp
+3.0 pp
−5.1 pp
−6.7 pp
−5.2 pp
+0.7 pp
+0.7 pp
+0.6 pp
+2.0 pp
+2.0 pp
−3.0 pp
−4.0 pp
−9.0 pp
0.0 pp
−4.0 pp
+4.0 pp
+4.0 pp
−1.0 pp
—
03 · compare level, then change
Profit Scale & Acceleration
EID Parry (India) Ltd has the highest Net profit among the 20 Sugar companies compared here, at ₹1,380 crore. DCM Shriram Ltd is next at ₹857 crore. Andhra Sugars Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: EID Parry (India) Ltd leads with ₹1,380 crore of TTM profit, 61% above DCM Shriram Ltd. Andhra Sugars Ltd shows ≥100% on the scoring scale (228% uncapped) growth from a ₹87 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderEID Parry (India) Ltd · ₹1,380 crore
Gap61% versus #2 · DCM Shriram Ltd
Persistence5/8 recent comparable periods
Coverage19/20 companies · 287 observations
Investor read: EID Parry (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1EID Parry (India) Ltd EIDPARRY₹1.4K Cr
2DCM Shriram Ltd DCMSHRIRAM₹857 Cr
3Balrampur Chini Mills Ltd BALRAMCHIN₹379 Cr
4Triveni Engineering and Industries Ltd TRIVENI₹268 Cr
5Dalmia Bharat Sugar & Industries Ltd DALMIASUG₹236 Cr
Profit growthfastest growers
1Andhra Sugars Ltd ANDHRSUGAR⚠ unverified100%
2Bajaj Hindusthan Sugar Ltd BAJAJHIND100%
3Godavari Biorefineries Ltd GODAVARIB⚠ unverified100%
4Bannari Amman Sugars Ltd BANARISUG42%
5DCM Shriram Ltd DCMSHRIRAM42%
Net profit · company comparison
19/20 level · 16/20 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Bajaj Hindusthan Sugar Ltd BAJAJHIND | ₹391 Cr | 78% | Mar 2026 |
| DCM Shriram Ltd DCMSHRIRAM | ₹371 Cr | 107% | Mar 2026 |
| Triveni Engineering and Industries Ltd TRIVENI | ₹167 Cr | -11% | Mar 2026 |
| Balrampur Chini Mills Ltd BALRAMCHIN | ₹160 Cr | -30% | Mar 2026 |
| Dalmia Bharat Sugar & Industries Ltd DALMIASUG | ₹104 Cr | -48% | Mar 2026 |
| Avadh Sugar & Energy Ltd AVADHSUGAR⚠ unverified | ₹56 Cr | -22% | Mar 2026 |
| Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified | ₹55 Cr | -14% | Mar 2026 |
| Godavari Biorefineries Ltd GODAVARIB⚠ unverified | ₹53 Cr | -26% | Mar 2026 |
| Magadh Sugar & Energy Ltd MAGADSUGAR⚠ unverified | ₹49 Cr | -32% | Mar 2026 |
| Dhampur Sugar Mills Ltd DHAMPURSUG⚠ unverified | ₹46 Cr | -6.1% | Mar 2026 |
| Bannari Amman Sugars Ltd BANARISUG | ₹42 Cr | 20% | Mar 2026 |
| Dhampur Bio Organics Ltd DBOL⚠ unverified | ₹37 Cr | 2.2% | Jun 2026 |
| M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified | ₹31 Cr | 520% | Mar 2026 |
| Andhra Sugars Ltd ANDHRSUGAR⚠ unverified | ₹6 Cr | -4.4% | Mar 2026 |
| Davangere Sugar Company Ltd DAVANGERE | ₹2 Cr | 0.5% | Mar 2026 |
| DCM Shriram Industries Ltd DCMSRIND | ₹-3 Cr | -114% | Sep 2025 |
| Zuari Industries Ltd ZUARIIND⚠ unverified | ₹-32 Cr | -133% | Mar 2026 |
| Shree Renuka Sugars Ltd RENUKA | ₹-121 Cr | -230% | Mar 2026 |
| EID Parry (India) Ltd EIDPARRY | ₹-287 Cr | -153% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
—
—
—
—
—
₹40 Cr
₹34 Cr
₹22 Cr
₹20 Cr
₹9 Cr
₹26 Cr
₹16 Cr
₹5 Cr
₹-0 Cr
₹6 Cr
₹25 Cr
₹34 Cr
₹23 Cr
₹6 Cr
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
—
—
—
—
—
₹18 Cr
₹79 Cr
₹22 Cr
₹29 Cr
₹22 Cr
₹55 Cr
₹9 Cr
₹1 Cr
₹7 Cr
₹72 Cr
₹-8 Cr
₹-7 Cr
₹17 Cr
₹56 Cr
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
₹-113 Cr
₹-165 Cr
₹60 Cr
₹-45 Cr
₹-162 Cr
₹-58 Cr
₹131 Cr
₹-75 Cr
₹-123 Cr
₹20 Cr
₹91 Cr
₹-67 Cr
₹-76 Cr
₹-102 Cr
₹220 Cr
₹-174 Cr
₹-105 Cr
₹15 Cr
₹391 Cr
—
Balrampur Chini Mills Ltd · BALRAMCHIN
₹83 Cr
₹64 Cr
₹240 Cr
₹12 Cr
₹-29 Cr
₹46 Cr
₹254 Cr
₹74 Cr
₹166 Cr
₹91 Cr
₹203 Cr
₹70 Cr
₹67 Cr
₹70 Cr
₹229 Cr
₹52 Cr
₹54 Cr
₹113 Cr
₹160 Cr
—
Bannari Amman Sugars Ltd · BANARISUG
₹21 Cr
₹30 Cr
₹24 Cr
₹26 Cr
₹27 Cr
₹41 Cr
₹50 Cr
₹14 Cr
₹49 Cr
₹68 Cr
₹22 Cr
₹6 Cr
₹34 Cr
₹29 Cr
₹35 Cr
₹15 Cr
₹43 Cr
₹48 Cr
₹42 Cr
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
₹59 Cr
₹57 Cr
₹56 Cr
₹49 Cr
₹12 Cr
₹65 Cr
₹124 Cr
₹61 Cr
₹55 Cr
₹65 Cr
₹91 Cr
₹55 Cr
₹66 Cr
₹59 Cr
₹199 Cr
₹39 Cr
₹23 Cr
₹70 Cr
₹104 Cr
—
DCM Shriram Ltd · DCMSHRIRAM
₹159 Cr
₹350 Cr
₹401 Cr
₹254 Cr
₹128 Cr
₹342 Cr
₹187 Cr
₹57 Cr
₹32 Cr
₹240 Cr
₹118 Cr
₹100 Cr
₹63 Cr
₹262 Cr
₹179 Cr
₹114 Cr
₹159 Cr
₹213 Cr
₹371 Cr
—
EID Parry (India) Ltd · EIDPARRY
—
—
—
—
—
₹482 Cr
₹287 Cr
₹325 Cr
₹782 Cr
₹217 Cr
₹294 Cr
₹226 Cr
₹592 Cr
₹416 Cr
₹539 Cr
₹464 Cr
₹766 Cr
₹437 Cr
₹-287 Cr
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
₹-65 Cr
₹38 Cr
₹65 Cr
₹-26 Cr
₹-75 Cr
₹6 Cr
₹72 Cr
₹-16 Cr
₹-42 Cr
₹8 Cr
₹53 Cr
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
₹3 Cr
₹5 Cr
—
₹2 Cr
₹10 Cr
₹31 Cr
—
Shree Renuka Sugars Ltd · RENUKA
₹-98 Cr
₹43 Cr
₹159 Cr
₹-114 Cr
₹-142 Cr
₹14 Cr
₹45 Cr
₹-139 Cr
₹-206 Cr
₹-172 Cr
₹-111 Cr
₹-166 Cr
₹-23 Cr
₹-204 Cr
₹93 Cr
₹-264 Cr
₹-369 Cr
₹-38 Cr
₹-121 Cr
—
Triveni Engineering and Industries Ltd · TRIVENI
₹92 Cr
₹130 Cr
₹109 Cr
₹66 Cr
₹1.4K Cr
₹147 Cr
₹190 Cr
₹68 Cr
₹29 Cr
₹137 Cr
₹161 Cr
₹31 Cr
₹-22 Cr
₹43 Cr
₹187 Cr
₹2 Cr
₹21 Cr
₹78 Cr
₹167 Cr
—
Profit growth · reported quarter history
Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
—
—
—
—
—
—
—
—
—
-78%
-23%
-27%
-74%
-105%
-76%
56%
567%
—
-4.4%
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
—
—
—
—
—
—
—
—
—
22%
-30%
-59%
-97%
-68%
31%
-189%
-800%
143%
-22%
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
—
—
—
—
—
—
118%
—
—
—
-31%
—
—
-610%
142%
—
—
—
78%
—
Balrampur Chini Mills Ltd · BALRAMCHIN
—
—
—
-84%
-135%
-28%
5.8%
517%
—
98%
-20%
-5.4%
-60%
-23%
13%
-26%
-19%
61%
-30%
—
Bannari Amman Sugars Ltd · BANARISUG
—
—
—
420%
29%
37%
108%
-46%
81%
66%
-56%
-57%
-31%
-57%
59%
150%
26%
66%
20%
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
—
—
—
-60%
-80%
14%
121%
24%
358%
0.0%
-27%
-9.8%
20%
-9.2%
119%
-29%
-65%
19%
-48%
—
DCM Shriram Ltd · DCMSHRIRAM
—
—
—
61%
-20%
-2.3%
-53%
-78%
-75%
-30%
-37%
75%
97%
9.2%
52%
14%
152%
-19%
107%
—
EID Parry (India) Ltd · EIDPARRY
—
—
—
—
—
—
—
—
—
-55%
2.4%
-30%
-24%
92%
83%
105%
29%
5.1%
-153%
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
-84%
11%
—
—
33%
-26%
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
233%
520%
—
Shree Renuka Sugars Ltd · RENUKA
—
—
—
—
—
-67%
-72%
—
—
-1,329%
-347%
—
—
—
—
—
—
—
-230%
—
Triveni Engineering and Industries Ltd · TRIVENI
—
—
—
-28%
1,409%
13%
74%
3.0%
-98%
-6.8%
-15%
-54%
-176%
-69%
16%
-94%
—
81%
-11%
—
04 · compare level, then change
Capacity Spending & Returns On It
M.V.K. Agro Food Product Ltd has the highest CAPEX among the 20 Sugar companies compared here, at ₹26 crore. Godavari Biorefineries Ltd is next at ₹18 crore. The same company also holds the highest CAPEX intensity, at 61.9%. 2 of 20 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: M.V.K. Agro Food Product Ltd reports ₹26 crore of CAPEX; M.V.K. Agro Food Product Ltd has the highest covered intensity at 61.9%. Coverage is only 2 of 20 companies and 11 reported observations, so this is partial evidence—not a complete sector rank.
LeaderM.V.K. Agro Food Product Ltd · ₹26 crore
Gap44.4% versus #2 · Godavari Biorefineries Ltd
Persistence1/1 recent comparable periods
Coverage2/20 companies · 11 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified₹26 Cr
2Godavari Biorefineries Ltd GODAVARIB⚠ unverified₹18 Cr
CAPEX intensityhighest reinvestment intensity
1M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified62%
2Godavari Biorefineries Ltd GODAVARIB⚠ unverified5.6%
Capital expenditure · company comparison
2/20 level · 2/20 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: EID Parry (India) Ltd (EIDPARRY) — its two data sources disagree by up to 66% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified | ₹26 Cr | 62% | Mar 2026 |
| Godavari Biorefineries Ltd GODAVARIB⚠ unverified | ₹18 Cr | 5.6% | Mar 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
₹14 Cr
₹14 Cr
—
—
₹7 Cr
₹18 Cr
—
—
—
—
—
—
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
₹2 Cr
₹2 Cr
—
₹4 Cr
₹0 Cr
₹0 Cr
—
—
₹26 Cr
₹26 Cr
—
—
—
CAPEX intensity · reported quarter history
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
5.9%
—
—
1.3%
5.6%
—
—
—
—
—
—
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
62%
—
—
—
Annual capital allocation · 10-year view
19/20 capacity base · 20/20 OCF · 19/20 CAPEX · 19/20 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
₹688 Cr
₹748 Cr
₹758 Cr
₹743 Cr
₹768 Cr
₹783 Cr
₹931 Cr
₹994 Cr
₹1.0K Cr
₹973 Cr
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
₹989 Cr
₹993 Cr
₹978 Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
₹7.8K Cr
₹7.6K Cr
₹7.4K Cr
₹7.2K Cr
₹7.0K Cr
₹6.8K Cr
₹7.8K Cr
₹7.6K Cr
₹7.3K Cr
₹7.2K Cr
Balrampur Chini Mills Ltd · BALRAMCHIN
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr
₹1.6K Cr
₹1.6K Cr
₹1.8K Cr
₹2.6K Cr
₹2.7K Cr
₹2.8K Cr
₹4.4K Cr
Bannari Amman Sugars Ltd · BANARISUG
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
₹1.3K Cr
₹1.6K Cr
₹1.7K Cr
₹2.0K Cr
₹1.8K Cr
₹1.8K Cr
DCM Shriram Ltd · DCMSHRIRAM
₹2.1K Cr
₹2.3K Cr
₹3.0K Cr
₹3.6K Cr
₹3.5K Cr
₹3.9K Cr
₹5.7K Cr
₹6.8K Cr
₹7.4K Cr
₹8.1K Cr
EID Parry (India) Ltd · EIDPARRY
₹3.3K Cr
₹3.3K Cr
₹3.3K Cr
₹3.9K Cr
₹3.8K Cr
₹3.9K Cr
₹4.4K Cr
₹5.4K Cr
₹6.6K Cr
₹8.6K Cr
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
₹752 Cr
₹717 Cr
₹717 Cr
₹883 Cr
₹879 Cr
₹899 Cr
₹1.0K Cr
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
₹66 Cr
₹75 Cr
₹95 Cr
₹553 Cr
Shree Renuka Sugars Ltd · RENUKA
₹7.6K Cr
₹6.2K Cr
₹4.1K Cr
₹4.0K Cr
₹3.8K Cr
₹4.2K Cr
₹4.4K Cr
₹4.6K Cr
₹4.5K Cr
₹4.1K Cr
Triveni Engineering and Industries Ltd · TRIVENI
₹860 Cr
₹857 Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.3K Cr
₹1.5K Cr
₹1.7K Cr
₹2.4K Cr
₹2.4K Cr
Operating cash flow · fiscal-year history
Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
₹245 Cr
₹202 Cr
₹114 Cr
₹181 Cr
₹253 Cr
₹176 Cr
₹286 Cr
₹142 Cr
₹128 Cr
₹278 Cr
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
₹146 Cr
₹166 Cr
₹-106 Cr
₹185 Cr
₹465 Cr
₹314 Cr
₹364 Cr
₹-77 Cr
₹154 Cr
₹158 Cr
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
₹700 Cr
₹953 Cr
₹1.1K Cr
₹910 Cr
₹332 Cr
₹619 Cr
₹792 Cr
₹646 Cr
₹280 Cr
₹230 Cr
Balrampur Chini Mills Ltd · BALRAMCHIN
₹346 Cr
₹1.2K Cr
₹-523 Cr
₹850 Cr
₹649 Cr
₹695 Cr
₹453 Cr
₹178 Cr
₹425 Cr
₹599 Cr
Bannari Amman Sugars Ltd · BANARISUG
₹645 Cr
₹588 Cr
₹-192 Cr
₹-57 Cr
₹236 Cr
₹33 Cr
₹502 Cr
₹274 Cr
₹430 Cr
₹514 Cr
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
₹155 Cr
₹706 Cr
₹-220 Cr
₹59 Cr
₹346 Cr
₹567 Cr
₹583 Cr
₹-239 Cr
₹410 Cr
₹219 Cr
DCM Shriram Ltd · DCMSHRIRAM
₹772 Cr
₹827 Cr
₹775 Cr
₹496 Cr
₹1.9K Cr
₹1.2K Cr
₹1.3K Cr
₹794 Cr
₹1.1K Cr
₹1.2K Cr
EID Parry (India) Ltd · EIDPARRY
₹2.0K Cr
₹259 Cr
₹-52 Cr
₹2.0K Cr
₹4.8K Cr
₹2.3K Cr
₹359 Cr
₹2.0K Cr
₹1.9K Cr
₹1.5K Cr
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
₹250 Cr
₹130 Cr
₹45 Cr
₹197 Cr
₹185 Cr
₹6 Cr
₹171 Cr
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
₹28 Cr
₹-10 Cr
₹-31 Cr
₹51 Cr
₹-20 Cr
Shree Renuka Sugars Ltd · RENUKA
₹1.1K Cr
₹-22 Cr
₹255 Cr
₹561 Cr
₹-1.6K Cr
₹-134 Cr
₹926 Cr
₹913 Cr
₹950 Cr
₹-122 Cr
Triveni Engineering and Industries Ltd · TRIVENI
₹145 Cr
₹621 Cr
₹-169 Cr
₹510 Cr
₹791 Cr
₹-173 Cr
₹397 Cr
₹100 Cr
₹-106 Cr
₹188 Cr
CAPEX · reported cash flow · fiscal-year history
Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
₹167 Cr
₹115 Cr
₹65 Cr
₹47 Cr
₹86 Cr
₹79 Cr
₹224 Cr
₹139 Cr
₹96 Cr
₹47 Cr
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
₹1.0K Cr
₹48 Cr
₹29 Cr
₹102 Cr
₹112 Cr
₹38 Cr
₹143 Cr
₹74 Cr
₹94 Cr
₹101 Cr
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
₹22 Cr
₹33 Cr
₹9 Cr
₹40 Cr
₹-3 Cr
₹0 Cr
₹1.2K Cr
₹7 Cr
₹-35 Cr
₹54 Cr
Balrampur Chini Mills Ltd · BALRAMCHIN
₹97 Cr
₹134 Cr
₹107 Cr
₹269 Cr
₹89 Cr
₹339 Cr
₹915 Cr
₹228 Cr
₹239 Cr
₹1.8K Cr
Bannari Amman Sugars Ltd · BANARISUG
₹53 Cr
₹19 Cr
₹31 Cr
₹109 Cr
₹71 Cr
₹79 Cr
₹64 Cr
₹141 Cr
₹76 Cr
₹112 Cr
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
₹579 Cr
₹72 Cr
₹79 Cr
₹89 Cr
₹72 Cr
₹350 Cr
₹204 Cr
₹434 Cr
₹-6 Cr
₹124 Cr
DCM Shriram Ltd · DCMSHRIRAM
₹416 Cr
₹382 Cr
₹851 Cr
₹755 Cr
₹144 Cr
₹671 Cr
₹2.1K Cr
₹1.4K Cr
₹924 Cr
₹1.2K Cr
EID Parry (India) Ltd · EIDPARRY
₹164 Cr
₹166 Cr
₹301 Cr
₹982 Cr
₹178 Cr
₹468 Cr
₹828 Cr
₹1.5K Cr
₹1.7K Cr
₹2.8K Cr
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
₹12 Cr
₹48 Cr
₹216 Cr
₹56 Cr
₹70 Cr
₹169 Cr
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
₹12 Cr
₹23 Cr
₹466 Cr
Shree Renuka Sugars Ltd · RENUKA
₹838 Cr
₹-1.2K Cr
₹-1.9K Cr
₹116 Cr
₹-36 Cr
₹646 Cr
₹427 Cr
₹467 Cr
₹183 Cr
₹-136 Cr
Triveni Engineering and Industries Ltd · TRIVENI
₹46 Cr
₹52 Cr
₹247 Cr
₹141 Cr
₹61 Cr
₹320 Cr
₹257 Cr
₹349 Cr
₹749 Cr
₹190 Cr
Free cash flow · fiscal-year history
Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
₹78 Cr
₹87 Cr
₹49 Cr
₹134 Cr
₹167 Cr
₹97 Cr
₹62 Cr
₹3 Cr
₹32 Cr
₹231 Cr
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
₹-889 Cr
₹118 Cr
₹-135 Cr
₹83 Cr
₹353 Cr
₹276 Cr
₹221 Cr
₹-151 Cr
₹60 Cr
₹57 Cr
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
₹678 Cr
₹920 Cr
₹1.1K Cr
₹870 Cr
₹335 Cr
₹619 Cr
₹-413 Cr
₹639 Cr
₹315 Cr
₹176 Cr
Balrampur Chini Mills Ltd · BALRAMCHIN
₹249 Cr
₹1.0K Cr
₹-630 Cr
₹581 Cr
₹560 Cr
₹356 Cr
₹-462 Cr
₹-50 Cr
₹186 Cr
₹-1.2K Cr
Bannari Amman Sugars Ltd · BANARISUG
₹592 Cr
₹569 Cr
₹-223 Cr
₹-166 Cr
₹165 Cr
₹-46 Cr
₹438 Cr
₹133 Cr
₹354 Cr
₹402 Cr
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
₹-424 Cr
₹634 Cr
₹-299 Cr
₹-30 Cr
₹274 Cr
₹217 Cr
₹379 Cr
₹-673 Cr
₹416 Cr
₹95 Cr
DCM Shriram Ltd · DCMSHRIRAM
₹356 Cr
₹445 Cr
₹-76 Cr
₹-259 Cr
₹1.7K Cr
₹553 Cr
₹-797 Cr
₹-611 Cr
₹203 Cr
₹-6 Cr
EID Parry (India) Ltd · EIDPARRY
₹1.8K Cr
₹93 Cr
₹-353 Cr
₹1.0K Cr
₹4.6K Cr
₹1.8K Cr
₹-469 Cr
₹512 Cr
₹270 Cr
₹-1.2K Cr
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
₹118 Cr
₹-3 Cr
₹-19 Cr
₹129 Cr
₹-64 Cr
₹2 Cr
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
₹-43 Cr
₹28 Cr
₹-486 Cr
Shree Renuka Sugars Ltd · RENUKA
₹280 Cr
₹1.1K Cr
₹2.1K Cr
₹445 Cr
₹-1.5K Cr
₹-780 Cr
₹499 Cr
₹446 Cr
₹767 Cr
₹14 Cr
Triveni Engineering and Industries Ltd · TRIVENI
₹99 Cr
₹569 Cr
₹-416 Cr
₹369 Cr
₹730 Cr
₹-493 Cr
₹140 Cr
₹-249 Cr
₹-855 Cr
₹-2 Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
Andhra Sugars Ltd has the lowest Gross debt among the 20 Sugar companies compared here, at ₹1 crore. Bannari Amman Sugars Ltd is next at ₹9 crore. The same company also holds the lowest Net debt, at ₹419 crore net cash. 20 of 20 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Andhra Sugars Ltd has the clearest covered balance-sheet capacity with ₹419 crore net cash and gross debt of ₹1 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderAndhra Sugars Ltd · ₹1 crore
Gap88.9% versus #2 · Bannari Amman Sugars Ltd
Persistence8/8 recent comparable periods
Coverage20/20 companies · 323 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Andhra Sugars Ltd ANDHRSUGAR⚠ unverified₹1 Cr
2Bannari Amman Sugars Ltd BANARISUG₹9 Cr
3Davangere Sugar Company Ltd DAVANGERE₹250 Cr
4DCM Shriram Industries Ltd DCMSRIND · older report₹302 Cr
5M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified₹302 Cr
Net debtlowest net debt
1Andhra Sugars Ltd ANDHRSUGAR⚠ unverified₹-419 Cr
2Bannari Amman Sugars Ltd BANARISUG₹-264 Cr
3M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified₹238 Cr
4Dwarikesh Sugar Industries Ltd DWARKESH⚠ unverified₹323 Cr
5Godavari Biorefineries Ltd GODAVARIB⚠ unverified₹499 Cr
Debt and balance-sheet capacity · company comparison
20/20 level · 17/20 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Shree Renuka Sugars Ltd RENUKA | ₹7.2K Cr | ₹7.1K Cr | Mar 2026 |
| Bajaj Hindusthan Sugar Ltd BAJAJHIND | ₹3.5K Cr | ₹3.5K Cr | Mar 2026 |
| EID Parry (India) Ltd EIDPARRY | ₹3.5K Cr | — | Mar 2026 |
| Balrampur Chini Mills Ltd BALRAMCHIN | ₹3.2K Cr | ₹3.2K Cr | Mar 2026 |
| DCM Shriram Ltd DCMSHRIRAM | ₹2.9K Cr | ₹2.0K Cr | Mar 2026 |
| Zuari Industries Ltd ZUARIIND⚠ unverified | ₹2.6K Cr | ₹2.1K Cr | Mar 2026 |
| Triveni Engineering and Industries Ltd TRIVENI | ₹2.2K Cr | ₹2.1K Cr | Mar 2026 |
| Dalmia Bharat Sugar & Industries Ltd DALMIASUG | ₹1.8K Cr | ₹1.4K Cr | Mar 2026 |
| Avadh Sugar & Energy Ltd AVADHSUGAR⚠ unverified | ₹1.4K Cr | ₹1.4K Cr | Mar 2026 |
| Dhampur Bio Organics Ltd DBOL⚠ unverified | ₹1.1K Cr | ₹1.1K Cr | Jun 2026 |
| Dhampur Sugar Mills Ltd DHAMPURSUG⚠ unverified | ₹899 Cr | ₹623 Cr | Mar 2026 |
| Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified | ₹722 Cr | ₹705 Cr | Mar 2026 |
| Magadh Sugar & Energy Ltd MAGADSUGAR⚠ unverified | ₹691 Cr | ₹691 Cr | Mar 2026 |
| Godavari Biorefineries Ltd GODAVARIB⚠ unverified | ₹531 Cr | ₹499 Cr | Mar 2026 |
| Dwarikesh Sugar Industries Ltd DWARKESH⚠ unverified | ₹336 Cr | ₹323 Cr | Mar 2026 |
| M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified | ₹302 Cr | ₹238 Cr | Mar 2026 |
| DCM Shriram Industries Ltd DCMSRIND | ₹302 Cr | — | Sep 2025 |
| Davangere Sugar Company Ltd DAVANGERE | ₹250 Cr | — | Mar 2026 |
| Bannari Amman Sugars Ltd BANARISUG | ₹9 Cr | ₹-264 Cr | Mar 2026 |
| Andhra Sugars Ltd ANDHRSUGAR⚠ unverified | ₹1 Cr | ₹-419 Cr | Mar 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
₹118 Cr
₹118 Cr
₹55 Cr
₹55 Cr
₹36 Cr
₹36 Cr
₹24 Cr
₹24 Cr
₹17 Cr
₹17 Cr
₹31 Cr
₹31 Cr
₹24 Cr
₹24 Cr
₹13 Cr
₹13 Cr
₹7 Cr
₹7 Cr
₹1 Cr
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹841 Cr
₹841 Cr
₹1.1K Cr
₹1.1K Cr
₹662 Cr
₹662 Cr
₹1.3K Cr
₹1.3K Cr
₹724 Cr
₹724 Cr
₹1.4K Cr
₹1.4K Cr
₹594 Cr
₹594 Cr
₹1.4K Cr
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
₹4.9K Cr
₹4.9K Cr
₹4.8K Cr
₹4.8K Cr
₹4.6K Cr
₹4.6K Cr
₹4.3K Cr
₹4.3K Cr
₹4.1K Cr
₹4.1K Cr
₹3.8K Cr
₹3.8K Cr
₹3.6K Cr
₹3.6K Cr
₹3.6K Cr
₹3.6K Cr
₹3.3K Cr
₹3.3K Cr
₹3.5K Cr
—
Balrampur Chini Mills Ltd · BALRAMCHIN
₹307 Cr
₹307 Cr
₹1.2K Cr
₹1.2K Cr
₹481 Cr
₹481 Cr
₹1.9K Cr
₹1.9K Cr
₹549 Cr
₹549 Cr
₹2.0K Cr
₹2.0K Cr
₹604 Cr
₹604 Cr
₹2.6K Cr
₹2.6K Cr
₹774 Cr
₹774 Cr
₹3.2K Cr
—
Bannari Amman Sugars Ltd · BANARISUG
₹824 Cr
₹824 Cr
₹961 Cr
₹961 Cr
₹849 Cr
₹849 Cr
₹581 Cr
₹581 Cr
₹374 Cr
₹374 Cr
₹486 Cr
₹486 Cr
₹162 Cr
₹162 Cr
₹150 Cr
₹150 Cr
₹19 Cr
₹19 Cr
₹9 Cr
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
₹362 Cr
₹362 Cr
₹819 Cr
₹819 Cr
₹417 Cr
₹417 Cr
₹454 Cr
₹454 Cr
₹419 Cr
₹419 Cr
₹1.4K Cr
₹1.4K Cr
₹363 Cr
₹363 Cr
₹1.0K Cr
₹1.0K Cr
₹547 Cr
₹547 Cr
₹1.8K Cr
—
DCM Shriram Ltd · DCMSHRIRAM
₹1.4K Cr
₹1.4K Cr
₹1.6K Cr
₹1.6K Cr
₹1.5K Cr
₹1.5K Cr
₹1.7K Cr
₹1.7K Cr
₹1.5K Cr
₹1.5K Cr
₹2.2K Cr
₹2.2K Cr
₹2.2K Cr
₹2.2K Cr
₹2.5K Cr
₹2.5K Cr
₹2.2K Cr
₹2.2K Cr
₹2.9K Cr
—
EID Parry (India) Ltd · EIDPARRY
—
—
₹1.3K Cr
—
—
—
₹1.6K Cr
—
—
—
₹1.7K Cr
—
—
—
₹2.7K Cr
—
₹2.7K Cr
—
₹3.5K Cr
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
₹636 Cr
—
—
—
₹736 Cr
₹736 Cr
—
—
₹655 Cr
₹694 Cr
₹685 Cr
₹685 Cr
₹490 Cr
₹490 Cr
₹493 Cr
₹493 Cr
₹531 Cr
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
₹92 Cr
₹63 Cr
₹63 Cr
₹147 Cr
₹147 Cr
₹130 Cr
₹130 Cr
—
₹106 Cr
₹106 Cr
₹120 Cr
₹120 Cr
₹302 Cr
—
Shree Renuka Sugars Ltd · RENUKA
₹4.9K Cr
₹4.9K Cr
₹5.2K Cr
₹5.2K Cr
₹5.4K Cr
₹5.4K Cr
₹5.6K Cr
₹5.6K Cr
₹5.2K Cr
₹5.2K Cr
₹5.8K Cr
₹5.8K Cr
₹5.6K Cr
₹5.6K Cr
₹5.9K Cr
₹5.9K Cr
₹6.3K Cr
₹6.3K Cr
₹7.2K Cr
—
Triveni Engineering and Industries Ltd · TRIVENI
₹582 Cr
₹582 Cr
₹1.6K Cr
₹1.6K Cr
₹884 Cr
₹884 Cr
₹929 Cr
₹929 Cr
₹400 Cr
₹400 Cr
₹1.4K Cr
₹1.4K Cr
₹546 Cr
₹546 Cr
₹2.0K Cr
₹2.0K Cr
₹768 Cr
₹768 Cr
₹2.2K Cr
—
Net debt · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
₹-100 Cr
₹-100 Cr
₹-104 Cr
₹-109 Cr
₹-120 Cr
₹-120 Cr
₹-162 Cr
₹-165 Cr
₹-199 Cr
₹-199 Cr
₹-143 Cr
₹-146 Cr
₹-127 Cr
₹-127 Cr
₹-181 Cr
₹-183 Cr
₹-262 Cr
₹-262 Cr
₹-419 Cr
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹837 Cr
₹837 Cr
₹1.1K Cr
₹1.1K Cr
₹659 Cr
₹659 Cr
₹1.3K Cr
₹1.3K Cr
₹722 Cr
₹722 Cr
₹1.4K Cr
₹1.4K Cr
₹590 Cr
₹590 Cr
₹1.4K Cr
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
₹3.8K Cr
₹3.8K Cr
₹4.8K Cr
₹2.8K Cr
₹2.7K Cr
₹2.7K Cr
₹4.3K Cr
₹4.3K Cr
₹4.1K Cr
₹4.1K Cr
₹3.8K Cr
₹3.8K Cr
₹3.5K Cr
₹3.5K Cr
₹3.5K Cr
₹3.5K Cr
₹3.3K Cr
₹3.3K Cr
₹3.5K Cr
—
Balrampur Chini Mills Ltd · BALRAMCHIN
₹6 Cr
₹6 Cr
₹1.2K Cr
₹1.2K Cr
₹305 Cr
₹305 Cr
₹1.8K Cr
₹1.8K Cr
₹380 Cr
₹380 Cr
₹2.0K Cr
₹2.0K Cr
₹568 Cr
₹568 Cr
₹2.6K Cr
₹2.6K Cr
₹763 Cr
₹763 Cr
₹3.2K Cr
—
Bannari Amman Sugars Ltd · BANARISUG
₹811 Cr
₹811 Cr
₹958 Cr
₹958 Cr
₹845 Cr
₹845 Cr
₹575 Cr
₹575 Cr
₹371 Cr
₹371 Cr
₹480 Cr
₹479 Cr
₹143 Cr
₹143 Cr
₹149 Cr
₹149 Cr
₹-86 Cr
₹-86 Cr
₹-264 Cr
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
₹-282 Cr
₹-282 Cr
₹416 Cr
₹416 Cr
₹-156 Cr
₹-156 Cr
₹287 Cr
₹287 Cr
₹-235 Cr
₹-235 Cr
₹902 Cr
₹902 Cr
₹-8 Cr
₹-8 Cr
₹690 Cr
₹690 Cr
₹-444 Cr
₹-444 Cr
₹1.4K Cr
—
DCM Shriram Ltd · DCMSHRIRAM
₹-710 Cr
₹-710 Cr
₹70 Cr
₹70 Cr
₹15 Cr
₹15 Cr
₹797 Cr
₹797 Cr
₹-155 Cr
₹-155 Cr
₹1.5K Cr
₹1.5K Cr
₹446 Cr
₹446 Cr
₹1.6K Cr
₹1.6K Cr
₹864 Cr
₹864 Cr
₹2.0K Cr
—
Dhampur Sugar Mills Ltd · DHAMPURSUG⚠ unverified
₹681 Cr
₹681 Cr
₹841 Cr
₹827 Cr
₹393 Cr
₹393 Cr
₹706 Cr
₹688 Cr
₹235 Cr
₹235 Cr
₹933 Cr
₹916 Cr
₹364 Cr
₹364 Cr
₹796 Cr
₹796 Cr
₹258 Cr
₹258 Cr
₹623 Cr
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
₹715 Cr
—
—
₹644 Cr
₹683 Cr
₹655 Cr
₹655 Cr
₹478 Cr
₹459 Cr
₹455 Cr
₹455 Cr
₹499 Cr
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
₹63 Cr
₹63 Cr
₹80 Cr
₹80 Cr
₹72 Cr
₹72 Cr
—
₹54 Cr
₹54 Cr
₹95 Cr
₹95 Cr
₹238 Cr
—
Shree Renuka Sugars Ltd · RENUKA
₹4.8K Cr
₹4.8K Cr
₹5.2K Cr
₹5.2K Cr
₹5.3K Cr
₹5.3K Cr
₹5.4K Cr
₹5.4K Cr
₹5.0K Cr
₹5.0K Cr
₹5.8K Cr
₹5.7K Cr
₹5.5K Cr
₹5.5K Cr
₹5.8K Cr
₹5.8K Cr
₹6.2K Cr
₹6.2K Cr
₹7.1K Cr
—
Triveni Engineering and Industries Ltd · TRIVENI
₹479 Cr
₹479 Cr
₹1.6K Cr
₹1.6K Cr
₹-888 Cr
₹-888 Cr
₹857 Cr
₹849 Cr
₹38 Cr
₹38 Cr
₹1.3K Cr
₹1.3K Cr
₹359 Cr
₹359 Cr
₹1.9K Cr
₹1.9K Cr
₹666 Cr
₹666 Cr
₹2.1K Cr
—
06 · compare level, then change
Return On Capital Employed
EID Parry (India) Ltd has the highest ROCE among the 20 Sugar companies compared here, at 17%. M.V.K. Agro Food Product Ltd is next at 14.4%. Dhampur Bio Organics Ltd has the highest ROCE change at +8.1 percentage points, so level and change sit with different companies. 20 of 20 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: EID Parry (India) Ltd leads ROCE at 17%, 2.6 percentage points above M.V.K. Agro Food Product Ltd. Dhampur Bio Organics Ltd has the strongest latest improvement at +8.1 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderEID Parry (India) Ltd · 17%
Gap18.1% versus #2 · M.V.K. Agro Food Product Ltd
PersistenceNot enough history
Coverage20/20 companies · 238 observations
Investor read: EID Parry (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1EID Parry (India) Ltd EIDPARRY17%
2M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified14%
3DCM Shriram Industries Ltd DCMSRIND · older report14%
4DCM Shriram Ltd DCMSHRIRAM12%
5Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified12%
ROCE changefastest improvers
1Dhampur Bio Organics Ltd DBOL⚠ unverified+8.1 pp
2Andhra Sugars Ltd ANDHRSUGAR⚠ unverified+4.9 pp
3Godavari Biorefineries Ltd GODAVARIB⚠ unverified+1.2 pp
4Bajaj Hindusthan Sugar Ltd BAJAJHIND+1.0 pp
5Triveni Engineering and Industries Ltd TRIVENI+0.6 pp
Return on capital · company comparison
20/20 level · 20/20 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: EID Parry (India) Ltd (EIDPARRY) — its two data sources disagree by up to 66% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified | 17% | +0.6 pp | Mar 2026 |
| Dhampur Bio Organics Ltd DBOL⚠ unverified | 12% | +8.1 pp | Jun 2026 |
| Avadh Sugar & Energy Ltd AVADHSUGAR⚠ unverified | 11% | −3.9 pp | Mar 2026 |
| Balrampur Chini Mills Ltd BALRAMCHIN | 10% | −1.2 pp | Mar 2026 |
| Magadh Sugar & Energy Ltd MAGADSUGAR⚠ unverified | 10% | −6.8 pp | Mar 2026 |
| Triveni Engineering and Industries Ltd TRIVENI | 10% | +0.6 pp | Mar 2026 |
| DCM Shriram Ltd DCMSHRIRAM | 9.6% | −0.3 pp | Mar 2026 |
| Bannari Amman Sugars Ltd BANARISUG | 8.8% | −0.2 pp | Mar 2026 |
| Dhampur Sugar Mills Ltd DHAMPURSUG⚠ unverified | 7.6% | −0.1 pp | Mar 2026 |
| Dalmia Bharat Sugar & Industries Ltd DALMIASUG | 7.1% | −2.3 pp | Mar 2026 |
| M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified | 7.0% | −3.2 pp | Mar 2026 |
| Andhra Sugars Ltd ANDHRSUGAR⚠ unverified | 6.3% | +4.9 pp | Mar 2026 |
| Godavari Biorefineries Ltd GODAVARIB⚠ unverified | 6.2% | +1.2 pp | Mar 2026 |
| Dwarikesh Sugar Industries Ltd DWARKESH⚠ unverified | 5.0% | −1.4 pp | Mar 2026 |
| Shree Renuka Sugars Ltd RENUKA | 3.6% | −16.1 pp | Mar 2026 |
| Bajaj Hindusthan Sugar Ltd BAJAJHIND | 1.8% | +1.0 pp | Mar 2026 |
| Zuari Industries Ltd ZUARIIND⚠ unverified | 0.8% | +0.2 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
8.8%
—
11%
—
15%
—
13%
—
6.5%
5.8%
2.1%
4.4%
0.1%
3.0%
1.4%
3.0%
5.3%
6.6%
6.3%
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
20%
—
20%
—
15%
—
16%
—
21%
24%
20%
20%
16%
14%
15%
13%
12%
13%
11%
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
-0.1%
—
-0.6%
—
-2.4%
—
0.5%
0.6%
0.7%
1.6%
0.3%
0.7%
1.0%
-0.5%
0.8%
0.4%
-0.4%
1.0%
1.8%
—
Balrampur Chini Mills Ltd · BALRAMCHIN
18%
—
20%
—
11%
—
11%
—
18%
26%
16%
22%
13%
16%
12%
15%
12%
16%
10%
—
Bannari Amman Sugars Ltd · BANARISUG
7.9%
—
9.5%
—
9.9%
—
13%
—
15%
17%
13%
13%
11%
8.7%
9.0%
9.9%
9.9%
12%
8.8%
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
8.6%
—
14%
—
8.1%
—
11%
—
12%
15%
7.8%
12%
7.6%
10%
9.4%
10%
8.4%
10%
7.1%
—
DCM Shriram Ltd · DCMSHRIRAM
18%
—
22%
—
22%
—
17%
—
11%
11%
7.8%
10%
8.8%
11%
9.9%
12%
11%
13%
9.6%
—
Dhampur Sugar Mills Ltd · DHAMPURSUG⚠ unverified
10%
—
21%
—
16%
—
19%
—
19%
19%
15%
13%
9.1%
9.4%
7.7%
8.9%
7.8%
10%
7.6%
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
—
—
6.2%
7.1%
7.9%
9.7%
5.0%
9.0%
8.8%
8.8%
6.2%
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
8.6%
17%
13%
16%
13%
12%
—
10%
—
6.8%
—
7.0%
—
Shree Renuka Sugars Ltd · RENUKA
7.4%
—
9.5%
—
18%
—
17%
—
18%
23%
21%
18%
31%
18%
20%
13%
-13%
8.0%
3.6%
—
Triveni Engineering and Industries Ltd · TRIVENI
23%
—
23%
—
12%
—
17%
—
18%
18%
16%
17%
13%
11%
9.7%
11%
10%
14%
10%
—
ROCE change · reported quarter history
Showing the 12 largest of 17 companies with a series here. The remaining 5 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
—
—
—
—
+6.0 pp
—
+1.7 pp
—
−8.3 pp
—
−10.7 pp
—
−6.4 pp
−2.8 pp
−0.7 pp
−1.4 pp
+5.2 pp
+3.6 pp
+4.9 pp
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
—
—
—
—
−5.0 pp
—
−3.9 pp
—
+6.4 pp
—
+3.7 pp
—
−5.7 pp
−9.5 pp
−5.6 pp
−6.6 pp
−3.9 pp
−1.0 pp
−3.9 pp
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
—
—
—
—
−2.3 pp
—
+1.1 pp
—
+3.1 pp
—
−0.2 pp
+0.1 pp
+0.3 pp
−2.1 pp
+0.5 pp
−0.3 pp
−1.4 pp
+1.5 pp
+1.0 pp
—
Balrampur Chini Mills Ltd · BALRAMCHIN
—
—
—
—
−7.2 pp
—
−8.5 pp
—
+6.8 pp
—
+4.3 pp
—
−5.2 pp
−9.7 pp
−4.0 pp
−7.6 pp
−1.0 pp
0.0 pp
−1.2 pp
—
Bannari Amman Sugars Ltd · BANARISUG
—
—
—
—
+2.0 pp
—
+3.4 pp
—
+5.1 pp
—
+0.5 pp
—
−3.7 pp
−8.7 pp
−4.4 pp
−3.4 pp
−1.4 pp
+2.8 pp
−0.2 pp
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
—
—
—
—
−0.5 pp
—
−2.3 pp
—
+4.1 pp
—
−3.5 pp
—
−4.6 pp
−4.5 pp
+1.6 pp
−2.2 pp
+0.8 pp
+0.3 pp
−2.3 pp
—
DCM Shriram Ltd · DCMSHRIRAM
—
—
—
—
+4.4 pp
—
−5.7 pp
—
−11.4 pp
—
−8.7 pp
—
−2.0 pp
0.0 pp
+2.1 pp
+1.7 pp
+2.4 pp
+1.6 pp
−0.3 pp
—
Dhampur Sugar Mills Ltd · DHAMPURSUG⚠ unverified
—
—
—
—
+5.5 pp
—
−1.6 pp
—
+3.2 pp
—
−3.8 pp
—
−9.9 pp
−9.2 pp
−7.6 pp
−3.6 pp
−1.3 pp
+0.9 pp
−0.1 pp
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−1.2 pp
+1.9 pp
+0.9 pp
−0.9 pp
+1.2 pp
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
+4.8 pp
−4.7 pp
—
−6.1 pp
—
−5.6 pp
—
−3.2 pp
—
Shree Renuka Sugars Ltd · RENUKA
—
—
—
—
+10.3 pp
—
+7.1 pp
—
+0.7 pp
—
+4.1 pp
—
+12.1 pp
−4.4 pp
−1.0 pp
−4.7 pp
−43.3 pp
−10.3 pp
−16.1 pp
—
Triveni Engineering and Industries Ltd · TRIVENI
—
—
—
—
−11.0 pp
—
−5.8 pp
—
+5.7 pp
—
−1.4 pp
—
−4.8 pp
−6.4 pp
−6.1 pp
−6.1 pp
−2.7 pp
+2.8 pp
+0.6 pp
—
07 · compare level, then change
Valuation Against Growth & Quality
Triveni Engineering and Industries Ltd has the lowest Guarded PEG among the 20 Sugar companies compared here, at 0.43×. Dalmia Bharat Sugar & Industries Ltd is next at 0.48×. Zuari Industries Ltd has the lowest P/E at 6.6×, so level and change sit with different companies. 6 of 20 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Triveni Engineering and Industries Ltd has the lowest comparable Guarded PEG at 0.43×, 10.4% below Dalmia Bharat Sugar & Industries Ltd. Only 6 of 20 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderTriveni Engineering and Industries Ltd · 0.43×
Gap10.4% versus #2 · Dalmia Bharat Sugar & Industries Ltd
Persistence0/8 recent comparable periods
Coverage6/20 companies · 38 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Triveni Engineering and Industries Ltd TRIVENI0.4
2Dalmia Bharat Sugar & Industries Ltd DALMIASUG0.5
3DCM Shriram Ltd DCMSHRIRAM0.9
4Bajaj Hindusthan Sugar Ltd BAJAJHIND1.3
5Bannari Amman Sugars Ltd BANARISUG1.8
P/Elowest P/E
1Zuari Industries Ltd ZUARIIND⚠ unverified6.6
2DCM Shriram Industries Ltd DCMSRIND · older report8.2
3Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified8.6
4Magadh Sugar & Energy Ltd MAGADSUGAR⚠ unverified11.0
5Andhra Sugars Ltd ANDHRSUGAR⚠ unverified11.7
Valuation · company comparison
6/20 level · 19/20 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| Balrampur Chini Mills Ltd BALRAMCHIN | 2.2 | 22.4 | Mar 2026 |
| Bannari Amman Sugars Ltd BANARISUG | 1.8 | 31.9 | Mar 2026 |
| Bajaj Hindusthan Sugar Ltd BAJAJHIND | 1.3 | 30.5 | Mar 2026 |
| DCM Shriram Ltd DCMSHRIRAM | 0.9 | 24.8 | Mar 2026 |
| Dalmia Bharat Sugar & Industries Ltd DALMIASUG | 0.5 | 11.6 | Mar 2026 |
| Triveni Engineering and Industries Ltd TRIVENI | 0.4 | 16.8 | Mar 2026 |
| EID Parry (India) Ltd EIDPARRY | — | 13.4 | Mar 2026 |
| Shree Renuka Sugars Ltd RENUKA | — | -19.6 | Mar 2026 |
| M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified | — | 121.3 | Mar 2026 |
| Godavari Biorefineries Ltd GODAVARIB⚠ unverified | — | 28.7 | Mar 2026 |
| Andhra Sugars Ltd ANDHRSUGAR⚠ unverified | — | 9.6 | Mar 2026 |
| Avadh Sugar & Energy Ltd AVADHSUGAR⚠ unverified | — | 12.1 | Mar 2026 |
| Dhampur Sugar Mills Ltd DHAMPURSUG⚠ unverified | — | 12.7 | Mar 2026 |
| Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified | — | 8.1 | Mar 2026 |
| Dwarikesh Sugar Industries Ltd DWARKESH⚠ unverified | — | 27.6 | Mar 2026 |
| Zuari Industries Ltd ZUARIIND⚠ unverified | — | 5.0 | Mar 2026 |
| Magadh Sugar & Energy Ltd MAGADSUGAR⚠ unverified | — | 7.4 | Mar 2026 |
| Dhampur Bio Organics Ltd DBOL⚠ unverified | — | 29.5 | Jun 2026 |
| Davangere Sugar Company Ltd DAVANGERE | — | 63.5 | Mar 2026 |
| DCM Shriram Industries Ltd DCMSRIND | — | 5.2 | Sep 2025 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.3
—
Balrampur Chini Mills Ltd · BALRAMCHIN
—
—
—
—
—
—
—
—
—
—
—
—
0.5
—
2.2
—
—
—
—
—
Bannari Amman Sugars Ltd · BANARISUG
—
—
—
—
1.8
1.0
—
—
0.8
0.5
—
4.2
3.0
—
—
—
—
—
1.8
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
—
0.2
—
0.9
1.0
0.7
—
0.4
—
—
—
—
0.8
—
—
0.2
—
0.5
—
—
DCM Shriram Ltd · DCMSHRIRAM
0.6
0.5
0.5
0.2
0.3
0.3
—
—
—
—
—
—
—
—
5.9
0.7
1.1
0.7
0.9
—
Triveni Engineering and Industries Ltd · TRIVENI
—
0.4
0.7
0.2
0.3
—
—
0.6
0.5
0.5
0.5
—
—
—
—
—
—
—
0.4
—
P/E · reported quarter history
Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
9.6
9.7
9.2
6.9
7.1
7.1
6.2
7.8
11.5
13.2
15.0
20.1
20.6
21.9
18.7
26.7
18.6
12.7
9.6
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
9.7
8.7
11.2
8.5
8.0
13.1
12.0
10.8
13.4
9.1
7.0
9.9
14.0
12.0
12.6
11.5
12.0
11.7
12.1
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
—
—
-6.6
—
—
—
-11.9
—
—
-74.7
-41.8
—
—
—
-102.8
—
—
-52.7
30.5
—
Balrampur Chini Mills Ltd · BALRAMCHIN
18.1
18.3
21.8
16.4
17.8
28.0
29.8
27.3
25.5
15.3
12.5
16.2
24.9
24.3
26.9
27.2
21.8
21.9
22.4
—
Bannari Amman Sugars Ltd · BANARISUG
32.1
42.0
36.8
33.7
35.4
32.9
28.9
24.1
25.3
20.9
16.0
25.9
31.3
35.1
49.9
47.1
40.3
37.1
31.9
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
12.4
11.4
13.8
8.5
9.0
10.6
9.4
10.3
12.5
11.4
9.4
13.8
16.2
10.8
10.8
12.4
10.4
8.9
11.6
—
DCM Shriram Ltd · DCMSHRIRAM
20.9
18.6
18.4
13.6
13.4
12.4
10.4
15.5
23.8
26.0
25.8
37.3
32.9
32.6
31.0
30.5
29.1
27.2
24.8
—
EID Parry (India) Ltd · EIDPARRY
13.0
15.7
12.8
9.8
10.2
9.7
7.9
8.8
11.9
10.0
11.3
15.1
17.0
21.7
17.2
25.2
20.4
18.7
13.4
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
541.7
420.8
—
—
31.9
28.7
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
—
—
—
8.9
7.7
8.7
7.7
8.8
25.1
80.8
169.7
121.3
—
Shree Renuka Sugars Ltd · RENUKA
—
-18.9
-54.7
—
—
-148.2
-47.7
—
—
—
—
—
—
—
-19.6
—
—
—
—
—
Triveni Engineering and Industries Ltd · TRIVENI
8.4
8.9
11.3
8.1
9.2
11.0
10.1
8.5
11.2
10.8
9.7
13.2
17.3
21.2
22.9
20.8
20.6
20.2
16.8
—
08 · compare level, then change
Enterprise Value & Book Value
EID Parry (India) Ltd has the lowest EV/EBITDA among the 20 Sugar companies compared here, at 4×. Andhra Sugars Ltd is next at 4.1×. Zuari Industries Ltd has the lowest P/BV at 0.21×, so level and change sit with different companies. 20 of 20 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: EID Parry (India) Ltd leads ev/ebitda at 4×; Zuari Industries Ltd leads p/bv at 0.21×.
LeaderEID Parry (India) Ltd · 4×
Gap2.4% versus #2 · Andhra Sugars Ltd
Persistence0/8 recent comparable periods
Coverage20/20 companies · 348 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1EID Parry (India) Ltd EIDPARRY4.0
2Andhra Sugars Ltd ANDHRSUGAR⚠ unverified4.1
3DCM Shriram Industries Ltd DCMSRIND · older report4.3
4Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified4.5
5Magadh Sugar & Energy Ltd MAGADSUGAR⚠ unverified5.2
P/BVlowest P/BV
1Zuari Industries Ltd ZUARIIND⚠ unverified0.2
2DCM Shriram Industries Ltd DCMSRIND · older report0.4
3Dhampur Bio Organics Ltd DBOL⚠ unverified0.7
4Andhra Sugars Ltd ANDHRSUGAR⚠ unverified0.7
5Dhampur Sugar Mills Ltd DHAMPURSUG⚠ unverified0.8
Enterprise and book valuation · company comparison
20/20 level · 19/20 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified | 114.1 | 20.4 | Mar 2026 |
| Shree Renuka Sugars Ltd RENUKA | 29.0 | -2.4 | Mar 2026 |
| Bajaj Hindusthan Sugar Ltd BAJAJHIND | 23.9 | 0.6 | Mar 2026 |
| Bannari Amman Sugars Ltd BANARISUG | 15.8 | 2.5 | Mar 2026 |
| Davangere Sugar Company Ltd DAVANGERE | 14.1 | 1.1 | Mar 2026 |
| Balrampur Chini Mills Ltd BALRAMCHIN | 12.1 | 2.6 | Mar 2026 |
| Dhampur Bio Organics Ltd DBOL⚠ unverified | 12.1 | 0.7 | Jun 2026 |
| Godavari Biorefineries Ltd GODAVARIB⚠ unverified | 11.9 | 2.1 | Mar 2026 |
| DCM Shriram Ltd DCMSHRIRAM | 10.6 | 2.4 | Mar 2026 |
| Triveni Engineering and Industries Ltd TRIVENI | 8.9 | 1.7 | Mar 2026 |
| Dwarikesh Sugar Industries Ltd DWARKESH⚠ unverified | 7.9 | 1.0 | Mar 2026 |
| Dalmia Bharat Sugar & Industries Ltd DALMIASUG | 6.9 | 0.9 | Mar 2026 |
| Dhampur Sugar Mills Ltd DHAMPURSUG⚠ unverified | 6.3 | 0.8 | Mar 2026 |
| Zuari Industries Ltd ZUARIIND⚠ unverified | 6.1 | 0.1 | Mar 2026 |
| Avadh Sugar & Energy Ltd AVADHSUGAR⚠ unverified | 5.9 | 0.9 | Mar 2026 |
| Magadh Sugar & Energy Ltd MAGADSUGAR⚠ unverified | 5.2 | 0.8 | Mar 2026 |
| Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified | 4.5 | 1.1 | Mar 2026 |
| DCM Shriram Industries Ltd DCMSRIND | 4.3 | 0.5 | Sep 2025 |
| Andhra Sugars Ltd ANDHRSUGAR⚠ unverified | 4.1 | 0.6 | Mar 2026 |
| EID Parry (India) Ltd EIDPARRY | 4.0 | 1.6 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
6.1
6.1
6.1
4.8
4.5
4.4
3.8
4.6
5.9
6.5
6.7
9.0
9.0
8.6
6.2
7.6
5.8
4.9
4.1
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
7.9
6.6
7.7
7.9
6.1
8.4
10.0
8.7
8.9
5.8
4.9
7.0
9.2
6.4
6.4
8.3
8.8
5.7
5.9
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
37.7
29.3
26.6
34.6
34.7
75.4
28.1
24.2
28.3
23.7
22.5
30.6
31.2
22.8
31.9
23.1
24.0
28.3
23.9
—
Balrampur Chini Mills Ltd · BALRAMCHIN
12.9
11.0
13.1
11.8
11.2
16.2
18.3
15.3
15.1
8.8
7.2
10.6
15.3
13.3
14.5
16.8
14.7
11.8
12.1
—
Bannari Amman Sugars Ltd · BANARISUG
17.4
21.0
18.6
16.1
16.8
15.6
14.0
12.8
12.2
10.4
8.9
14.4
16.8
17.2
21.8
22.8
19.1
17.4
15.8
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
9.2
7.4
8.6
6.7
6.6
7.5
6.9
7.4
8.7
8.1
6.9
8.5
9.7
6.0
6.1
8.8
7.7
6.9
6.9
—
DCM Shriram Ltd · DCMSHRIRAM
11.9
10.0
9.8
7.8
7.6
6.9
5.8
8.1
12.3
12.4
11.2
16.4
14.9
13.6
12.9
13.5
12.8
11.9
10.6
—
EID Parry (India) Ltd · EIDPARRY
3.5
4.2
4.0
3.6
4.2
3.8
2.4
2.4
3.0
2.3
2.6
4.7
5.0
5.6
4.2
5.8
5.2
5.5
4.0
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
17.6
11.5
15.8
13.4
11.9
11.9
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
—
—
—
5.9
5.8
6.2
5.6
6.0
13.2
105.5
158.2
114.1
—
Shree Renuka Sugars Ltd · RENUKA
23.8
30.6
28.6
31.7
29.1
29.1
22.7
22.1
23.6
20.6
17.9
21.9
24.8
16.4
17.8
17.5
22.4
71.9
29.0
—
Triveni Engineering and Industries Ltd · TRIVENI
6.0
5.7
7.2
6.2
4.1
5.3
8.4
7.4
8.2
6.3
5.8
8.8
11.6
11.7
11.3
12.0
12.4
10.2
8.9
—
P/BV · reported quarter history
Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Andhra Sugars Ltd · ANDHRSUGAR⚠ unverified
1.4
1.3
1.5
1.3
1.2
1.2
1.0
1.0
1.0
1.0
0.8
1.0
0.9
0.8
0.6
0.7
0.6
0.6
0.6
—
Avadh Sugar & Energy Ltd · AVADHSUGAR⚠ unverified
1.3
1.3
2.0
1.6
1.3
1.4
1.1
1.3
1.6
1.4
1.1
1.4
1.6
1.0
0.8
1.0
0.8
0.7
0.9
—
Bajaj Hindusthan Sugar Ltd · BAJAJHIND
0.7
0.8
0.8
0.6
0.7
1.1
0.7
0.9
0.8
0.8
0.9
1.1
1.2
0.9
0.6
0.7
0.6
0.6
0.6
—
Balrampur Chini Mills Ltd · BALRAMCHIN
2.9
3.0
3.8
3.0
2.6
3.0
2.9
2.8
3.0
2.6
2.3
3.0
3.9
3.0
3.1
3.5
2.4
2.3
2.6
—
Bannari Amman Sugars Ltd · BANARISUG
2.0
2.5
2.1
2.0
2.4
2.4
2.4
2.4
2.1
2.0
1.8
2.5
2.7
2.6
2.6
2.9
2.6
2.5
2.5
—
Dalmia Bharat Sugar & Industries Ltd · DALMIASUG
1.6
1.3
1.6
1.2
1.1
1.3
1.2
1.3
1.6
1.4
1.2
1.1
1.5
1.0
1.0
1.1
1.0
0.8
0.9
—
DCM Shriram Ltd · DCMSHRIRAM
3.4
3.0
3.4
3.1
2.7
2.4
2.1
2.6
2.7
2.6
2.1
2.4
2.5
2.6
2.5
2.8
2.6
2.7
2.4
—
EID Parry (India) Ltd · EIDPARRY
1.6
1.6
1.6
2.0
1.9
1.8
1.6
1.5
1.5
1.5
1.5
2.2
2.1
2.1
1.9
2.7
2.3
2.2
1.6
—
Godavari Biorefineries Ltd · GODAVARIB⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
4.0
1.9
1.6
1.7
2.0
2.1
—
M.V.K. Agro Food Product Ltd · MVKAGRO⚠ unverified
—
—
—
—
—
—
—
—
—
—
1.0
0.8
0.9
0.7
0.8
2.9
9.4
28.6
20.4
—
Shree Renuka Sugars Ltd · RENUKA
-9.0
-6.2
-7.3
-15.5
-13.6
-13.3
-15.4
-15.2
-13.2
-8.4
-7.1
-11.8
-7.8
-5.3
-3.7
-4.9
-3.8
-2.4
-2.4
—
Triveni Engineering and Industries Ltd · TRIVENI
1.6
1.9
2.7
2.2
1.1
1.2
2.1
2.2
1.9
1.7
1.5
2.0
2.1
2.3
1.8
1.7
1.4
1.7
1.7
—
09 · let price answer last
Market action
M.V.K. Agro Food Product Ltd has the strongest one-year price move in Sugar at +102.2%. Triveni Engineering and Industries Ltd leads on Mansfield relative strength against NIFTY at +24.7%. 8 of 20 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Sugar comparison names 8 specific ways its own evidence can mislead, all listed below. 1 of the 20 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 10 draw at least one figure from a second feed with too little overlap to cross-check.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- 10 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set
Which companies are included?
All 20 companies in the canonical Sugar membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| DCM Shriram Ltd DCMSHRIRAMLAGGING, FUNDAMENTALS UP | ₹15.7K Cr | ₹1,006 | 2026-07-19 | Mar 2026 | Cross-checked |
| EID Parry (India) Ltd EIDPARRY | ₹13.5K Cr | ₹758 | 2026-07-19 | Mar 2026 | Second feed withheld |
| Balrampur Chini Mills Ltd BALRAMCHINAHEAD23/26 WEEKS | ₹12.9K Cr | ₹610 | 2026-07-19 | Mar 2026 | Cross-checked |
| Triveni Engineering and Industries Ltd TRIVENI22/26 WEEKS | ₹5.5K Cr | ₹249 | 2026-07-19 | Mar 2026 | Cross-checked |
| Shree Renuka Sugars Ltd RENUKA | ₹4.7K Cr | ₹22.2 | 2026-07-19 | Mar 2026 | Cross-checked |
| Bannari Amman Sugars Ltd BANARISUG | ₹4.4K Cr | ₹3,502 | 2026-07-19 | Mar 2026 | Cross-checked |
| Bajaj Hindusthan Sugar Ltd BAJAJHIND | ₹4.1K Cr | ₹17.3 | 2026-07-19 | Mar 2026 | Cross-checked |
| Dalmia Bharat Sugar & Industries Ltd DALMIASUG | ₹2.9K Cr | ₹362 | 2026-07-19 | Mar 2026 | Cross-checked |
| M.V.K. Agro Food Product Ltd MVKAGRO⚠ unverified | ₹2.0K Cr | ₹388 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Godavari Biorefineries Ltd GODAVARIB⚠ unverified | ₹1.4K Cr | ₹279 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Andhra Sugars Ltd ANDHRSUGAR20/26 WEEKS⚠ unverified | ₹1.2K Cr | ₹86.3 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Avadh Sugar & Energy Ltd AVADHSUGARAHEAD20/26 WEEKS⚠ unverified | ₹1.1K Cr | ₹525 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Dhampur Sugar Mills Ltd DHAMPURSUG⚠ unverified | ₹914 Cr | ₹142 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Uttam Sugar Mills Ltd UTTAMSUGAR⚠ unverified | ₹871 Cr | ₹228 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Dwarikesh Sugar Industries Ltd DWARKESH⚠ unverified | ₹803 Cr | ₹43.3 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Zuari Industries Ltd ZUARIIND⚠ unverified | ₹765 Cr | ₹257 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Magadh Sugar & Energy Ltd MAGADSUGAR⚠ unverified | ₹696 Cr | ₹494 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Dhampur Bio Organics Ltd DBOL21/26 WEEKS⚠ unverified | ₹678 Cr | ₹102 | 2026-07-19 | Jun 2026 | Includes unverified figures |
| Davangere Sugar Company Ltd DAVANGERE | ₹499 Cr | ₹3.5 | 2026-07-19 | Mar 2026 | Primary source only |
| DCM Shriram Industries Ltd DCMSRIND | ₹498 Cr | ₹38.1 | 2026-06-14 · not currently priced | Sep 2025 | Primary source only |
How each company's sources stand: 10 of 20 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. 1 of 20 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: EID Parry (India) Ltd (EIDPARRY) — its two data sources disagree by up to 66% on reported income across 14 comparable periods, so its derived ratios are withheld.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 20 Sugar companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing7 cross-checked · 12 unverified · 1 withheld, of 20 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
Sugar company comparison FAQs
These 18 answers restate the Sugar comparison above in question form. Every one is computed from the same 20 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty Sugar index?
The Nifty Sugar index tracks India's listed Sugar companies as a single basket. This page follows the same 20 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Sugar sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Sugar stocks in India?
Ranked by this page's four-factor score, Triveni Engineering and Industries Ltd places first among 20 listed Sugar companies, followed by Andhra Sugars Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Sugar stocks are listed in India?
This comparison covers 20 listed Sugar companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Sugar company is the biggest?
EID Parry (India) Ltd is the largest, with trailing-twelve-month revenue of ₹38,542 crore, ahead of DCM Shriram Ltd at ₹13,538 crore. That covers 19 of 20 companies with comparable reporting through Mar 2026.
Which Sugar company is growing fastest?
Andhra Sugars Ltd has the fastest revenue growth at 22.1% year on year, across 19 of 20 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Sugar company has the best profit margins?
Magadh Sugar & Energy Ltd has the highest operating margin at 27%, from 20 of 20 comparable companies. M.V.K. Agro Food Product Ltd shows the biggest recent improvement, at +17 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Sugar company makes the most profit?
EID Parry (India) Ltd earns the most, at ₹1,380 crore of trailing-twelve-month net profit, from 19 of 20 comparable companies. Andhra Sugars Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Sugar company earns the highest return on capital?
EID Parry (India) Ltd leads on return on capital employed at 17%, across 20 of 20 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Sugar stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Triveni Engineering and Industries Ltd screens cheapest at 0.43×. Only 6 of 20 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Sugar company has the strongest balance sheet?
Andhra Sugars Ltd carries the lowest comparable gross debt at ₹1 crore, from 20 of 20 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Sugar stock has the strongest price momentum?
Triveni Engineering and Industries Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Sugar company scores highest for research priority?
Triveni Engineering and Industries Ltd scores 65.5 out of 100 with 92.8% evidence confidence, from 19.7 points on growth and earnings, 14.2 on capital efficiency, 13 on valuation and 18.6 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Sugar companies does this comparison cover, and over what period?
It compares 20 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Sugar sector?
The 20 Sugar companies on this page carry ₹75,061 crore of combined market value. DCM Shriram Ltd is the largest at ₹15,685 crore, about 21% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the Sugar sector's P/E ratio?
The median price-to-earnings ratio across the 20 Sugar companies on this page is 19.6×, measured on the 19 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the Sugar sector performing?
8 of the 20 covered Sugar companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.