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Best Sugar Stocks in India 2023

The Indian Governmentu2019s push for green energy and reducing the import bill incurred on Crude oil, has promoted the use of hybrid and flex fuel vehicles in the country. This has led to higher requirements of ethanol. Ethanol, which is derived from Sugarcane, has brought focus on the best sugar stocks in India 2023.

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Best Sugar Stocks in India 2023

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  1. Introduction The Indian Government’s push for green energy and reducing the import bill incurred on Crude oil, has promoted the use of hybrid and flex fuel vehicles in the country. This has led to higher requirements of ethanol. Ethanol, which is derived from Sugarcane, has brought focus on the best sugar stocks in India 2023. The Government has set a target for 20% ethanol blending in fuel, leading to more diversion of sugarcane for this purpose rather than simply for sugar production. Companies that operate in the sugar industry are gaining more traction as the Government takes special measures to promote higher production of ethanol. India stands among the top three in the world in highest sugar production. Moreover, Sugar industry is the second largest agro-based industry in our country.

  2. Let us look at the list of some of the best sugar stocks in India, 2023, to help us decide which ones are good investment opportunities. We will make our decision based on financial ratios since we use Fundamental Analysis for long term investment decisions. Net profit margin, earnings per share, price to earnings ratio, market capitalization, change in revenue and net profit, etc. are some of the fundamental analysis parameters we will take into consideration to select best sugar stocks for long term investments.

  3. Triveni Engineering & Industries Limited is an Indian company which operates in two segments, viz. Sugar & allied businesses and Engineering business. The Sugar & allied businesses segment focuses mainly on sugar production and alcohol distillation. White crystal sugar is produced by the company in seven manufacturing plants across Uttar Pradesh. Triveni Engineering & Industries posted Revenue at Rs. 1657.37 crore, while the Net Profit at Rs. 146.18 crore in the October-December quarter of FY23.

  4. EID Parry (India) Ltd Balrampur Chini Mills Ltd Balrampur Chini Mills Limited is a sugar manufacturing company that also carries out ethanol production. The allied businesses of the company comprise of manufacturing and marketing of ethanol, ethyl alcohol, agriculture fertilizers and the generation and sale of energy. Ethanol produced by the company is sold to Oil Marketing Companies (OMCs). Balrampur Chini Mills posted Revenue at Rs. 981.16 crore, while the Net Profit at Rs. 44.41 crore in the October-December quarter of FY23. E.I.D – Parry (India) Limited focuses majorly on manufacturing sugar and nutraceuticals. The company also manufactures and markets pharmaceutical sugar used as an input in the Pharma industry. Manufacturing of sugar takes places in nine sugar plants scattered across southern part of the country. E.I.D – Parry (India) posted Revenue at Rs. 727.42 crore, while the Net Profit at Rs. 15.78 crore in the October- December quarter of FY23.

  5. Dalmia Bharat Sugar and Industries Ltd Dalmia Bharat Sugar and Industries Limited carries out manufacturing of sugar, industrial alcohol, refractory products, and power generation. The company is also use the generated power for captive consumption. Ethanol production is also an essential part of the business. The company also manufactures organic manure and hand sanitizers. Dalmia Bharat Sugar and Industries posted Revenue at Rs. 599.99 crore, while the Net Profit at Rs. 64.91 crore in the October-December quarter of FY23.

  6. Read more about any information to visit https://kundkundtc.com

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