
Top Sugar Stocks Compared: Balrampur Chini vs Triveni Engineering vs Dalmia Bharat Sugar vs EID Parry vs Dhampur Sugar on Price, Valuation, Q2 FY27 Results and Risks
Previous close: Balrampur Chini Rs 669.25, Triveni Engineering Rs 244.60, Dalmia Bharat Sugar Rs 467.35, EID Parry Rs 652.20, Dhampur Sugar Rs 166.77.
Updated: 10 Nov 2026 • 11:25 am
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Quick Answer
This sugar stocks compared snapshot checks five names on price, valuation and Q2 FY27 results: Balrampur Chini, Triveni Engineering, Dalmia Bharat Sugar, EID Parry and Dhampur Sugar. Balrampur Chini is the largest by market capitalisation at Rs 13,933 crore. Triveni Engineering reports the highest return on equity at 11.04%. Sugar earnings follow the cane season and ethanol income, so read each multiple next to returns and debt.
Sugar stocks compared here means Balrampur Chini, Triveni Engineering, Dalmia Bharat Sugar, EID Parry and Dhampur Sugar on one page, checked on previous close, market value, valuation and the latest quarterly numbers. All five crush cane and make sugar, but they differ in how much they earn from ethanol, power and other businesses, which is exactly why a side-by-side look helps.
Balrampur Chini, Triveni Engineering and Dalmia Bharat Sugar have filed their September 2026 quarter, so their results below are Q2 FY27. EID Parry and Dhampur Sugar are shown on their June 2026 quarter, which is Q1 FY27. Sugar mills follow the monsoon, cane output and government policy on ethanol, so a glance at the BSE 500 page and the Sensex page before you read the tables gives useful backdrop.
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Sugar Stocks Compared: The Five Mills on the List
The sugar stocks compared here are Balrampur Chini, Triveni Engineering, Dalmia Bharat Sugar, EID Parry and Dhampur Sugar. Balrampur Chini is the largest by market capitalisation at Rs 13,933 crore. Previous closes run from Rs 166.77 for Dhampur Sugar to Rs 669.25 for Balrampur Chini, which is why a side-by-side look at value rather than price is more useful. This sugar stocks compared list is the base for every table that follows.
| Stock | Previous close (Rs) | Market cap (Rs crore) |
|---|---|---|
| Balrampur Chini | 669.25 | 13,933 |
| Triveni Engineering | 244.60 | 5,283 |
| Dalmia Bharat Sugar | 467.35 | 3,722 |
| EID Parry | 652.20 | 11,466 |
| Dhampur Sugar | 166.77 | 1,058 |
A quick look at the business behind each ticker puts the numbers in context. Balrampur Chini is one of the largest sugar makers in the country, with ethanol and a plastics business alongside, while Triveni Engineering makes sugar and ethanol and also runs engineering businesses in gears and water. Dalmia Bharat Sugar makes sugar, ethanol and power at plants in Uttar Pradesh and Maharashtra, and EID Parry is a sugar and ethanol producer that also owns a crop nutrition business and a stake in Coromandel International. To compare sugar stocks properly, line up price to book, dividend yield and debt to equity before forming a view.
Rounding out the group, Dhampur Sugar makes sugar, ethanol, chemicals and power in Uttar Pradesh. A fair sugar stock comparison looks at what each company actually earns from, not only at the share price. Large integrated mills, focused makers and diversified groups belong in separate mental boxes whenever you compare sugar stocks fairly.
Sugar Stocks Valuation: Multiples, Returns and Payouts
EID Parry trades at the lowest price to earnings ratio in this group at 9.34. Triveni Engineering reports the highest return on equity at 11.04%. Dhampur Sugar has the lowest price to book value at 0.88. These sugar stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this sugar stocks compared table: price to book and dividend yield sit side by side so a high or low reading stands out at once.
| Stock | Price to earnings | Price to book | ROE (%) | Dividend yield (%) | Debt to equity |
|---|---|---|---|---|---|
| Balrampur Chini | 33.22 | 2.93 | 8.83 | 0.51 | 0.33 |
| Triveni Engineering | 15.43 | 1.70 | 11.04 | 1.14 | 0.16 |
| Dalmia Bharat Sugar | 14.99 | 1.13 | 7.66 | 1.30 | 0.17 |
| EID Parry | 9.34 | 1.30 | 9.91 | 0.40 | |
| Dhampur Sugar | 15.00 | 0.88 | 5.44 | 1.22 | 0.75 |
Sugar stocks often trade at modest price to earnings multiples compared with other consumer sectors, because earnings follow the cane season. Price to book, return on equity and dividend yield help you judge how well each mill converts its assets into returns. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple sugar stock comparison like this one is only as useful as the context behind it, which is why debt to equity is worth checking as well.
In this group, price to earnings runs from 9.34 for EID Parry to 33.22 for Balrampur Chini. Dalmia Bharat Sugar offers the highest dividend yield at 1.30%. Against an industry price to earnings of 18.53, each multiple in the table tells you whether the market is paying more or less than the sector norm. The industry price to earnings is a handy anchor: a sugar stock above it is priced for faster growth, and one below it is priced for steadier earnings. A well-built sugar stock comparison also notes that the cane season can move revenue between quarters. Run the same sugar stock comparison on your own watchlist and the pattern in these numbers will be easier to spot. Whenever you compare sugar stocks, note whether a premium is backed by returns or only by size.
Sugar Stocks Q2 FY27 Results: Revenue and Profit Check
Three of the five sugar stocks compared have filed Q2 FY27 numbers. Balrampur Chini posted the fastest revenue growth at 13.7% year on year. Triveni Engineering showed the sharpest rise in net profit at 338.0%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. The others are shown on their latest reported quarter, so read each one for what it is. Treat the Q2 FY27 numbers in this sugar stocks compared review as a snapshot of one quarter, not a verdict on any sugar mill.
| Stock | Q2 FY27 revenue (Rs crore) | Q2 FY26 revenue (Rs crore) | Q2 FY27 net profit (Rs crore) | Q2 FY26 net profit (Rs crore) |
|---|---|---|---|---|
| Balrampur Chini | 1,910 | 1,679 | 102.3 | 53.9 |
| Triveni Engineering | 2,069 | 1,927 | 93.7 | 21.4 |
| Dalmia Bharat Sugar | 1,090 | 1,008 | 68.4 | 23.3 |
Balrampur Chini Results Snapshot
In the September 2026 quarter, Balrampur Chini booked revenue of Rs 1,910 crore against Rs 1,679 crore in the same quarter last year, a rise of 13.7%. Net profit rose 89.8% to Rs 102.3 crore from Rs 53.9 crore. Operating margin expanded to 11.3% from 8.3% a year ago. Earnings per share for the quarter rose to Rs 4.80 from Rs 2.65.
Triveni Engineering Results Snapshot
Triveni Engineering's Q2 FY27 top line stood at Rs 2,069 crore, versus Rs 1,927 crore in Q2 FY26, a rise of 7.4%. Net profit rose 338.0% to Rs 93.7 crore from Rs 21.4 crore. Operating margin expanded to 8.4% from 3.6% a year ago. Earnings per share for the quarter rose to Rs 4.25 from Rs 0.97.
Dalmia Bharat Sugar Results Snapshot
Dalmia Bharat Sugar reported Q2 FY27 revenue of Rs 1,090 crore, compared with Rs 1,008 crore a year earlier, a rise of 8.1%. Net profit rose 193.3% to Rs 68.4 crore from Rs 23.3 crore. Operating margin expanded to 13.5% from 7.7% a year ago. Earnings per share for the quarter rose to Rs 8.45 from Rs 2.88.
EID Parry Results Snapshot
EID Parry has reported only its Q1 FY27 numbers so far, with revenue of Rs 9,047 crore for the June 2026 quarter. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.
Dhampur Sugar Results Snapshot
Dhampur Sugar has reported only its Q1 FY27 numbers so far, with revenue of Rs 792.0 crore for the June 2026 quarter. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.
Sugar results depend on crushing volumes, recovery rates and ethanol sales, and sugar mills book most of their season in a few quarters, so profit can look different from revenue in a single quarter. That is why a sugar stock comparison works best when revenue and profit are read together across two or three quarters. Used this way, a sugar stocks compared review becomes a map of the sector rather than a price list. When you compare sugar stocks after each result season, track how debt to equity changes from one quarter to the next. A sugar stock comparison built on one quarter of data is a starting point, and the next set of results will update it.
Sugar Stocks Compared Two at a Time: Three Pairings
Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare sugar stocks two at a time.
Balrampur Chini vs Triveni Engineering
Balrampur Chini and Triveni Engineering are two of the largest integrated sugar makers, both with ethanol distilleries and other businesses alongside sugar. On price to earnings, Triveni Engineering carries the lower multiple at 15.43 against 33.22 for Balrampur Chini. Triveni Engineering reports the higher return on equity, at 11.04% against 8.83% for Balrampur Chini. For dividend income, Triveni Engineering offers 1.14% against 0.51% at Balrampur Chini. Both earn from more than one product, so read growth next to valuation before you judge either multiple.
Dalmia Bharat Sugar vs EID Parry
Dalmia Bharat Sugar is a focused sugar, ethanol and power company, while EID Parry also owns a crop nutrition business and a stake in Coromandel International. EID Parry is about 3.1 times the size of Dalmia Bharat Sugar by market capitalisation, at Rs 11,466 crore against Rs 3,722 crore. On price to earnings, EID Parry carries the lower multiple at 9.34 against 14.99 for Dalmia Bharat Sugar. EID Parry reports the higher return on equity, at 9.91% against 7.66% for Dalmia Bharat Sugar. A focused mill and a diversified group are priced differently, so read the business mix before you read the ratio.
Dhampur Sugar vs Balrampur Chini
Dhampur Sugar is a smaller mill group in Uttar Pradesh, while Balrampur Chini is one of the largest, so the pair shows how scale shapes the numbers. Balrampur Chini is about 13.2 times the size of Dhampur Sugar by market capitalisation, at Rs 13,933 crore against Rs 1,058 crore. On price to earnings, Dhampur Sugar carries the lower multiple at 15.00 against 33.22 for Balrampur Chini. Balrampur Chini reports the higher return on equity, at 8.83% against 5.44% for Dhampur Sugar. A smaller mill and a larger one earn on different bases, so read returns and debt before you read the ratio.
Best Sugar Stocks for Each Type of Investor
Searching for the best sugar stocks usually means different things to different readers. The table below shows who leads on each measure today, so you can pick the row that matches your goal. Any sugar stocks compared table can mislead if you stop at one row, because each sugar mill leads on a different measure.
| If you care most about | Start your research with | The number |
|---|---|---|
| Lowest price to earnings | EID Parry | 9.34 |
| Highest return on equity | Triveni Engineering | 11.04% |
| Highest dividend yield | Dalmia Bharat Sugar | 1.30% |
| Lowest price to book value | Dhampur Sugar | 0.88 |
| Largest by market capitalisation | Balrampur Chini | Rs 13,933 crore |
| Fastest Q2 FY27 revenue growth | Balrampur Chini | 13.7% |
| Sharpest Q2 FY27 net profit rise | Triveni Engineering | 338.0% |
No single name tops every row, which is exactly why a sugar stock comparison helps. Scale, returns, payouts and valuation each point to a different mill, so decide what matters most to you before you rank the numbers.
What Is Driving Sugar Mills and Ethanol Right Now?
Ethanol blending has given sugar mills a second source of income beyond sugar sales, and distillery capacity is growing. Government support on cane pricing and ethanol procurement also shapes how mills plan their crushing season. Knowing what moves cane supply and ethanol demand helps you compare sugar stocks with the right questions in mind.
Cane availability, sugar recovery rates and ethanol volumes decide margins. Mills with their own distilleries and power units can earn from more than one product in the same season. A good sugar stocks compared routine therefore tracks cane crushing, recovery rates and ethanol volumes.
Risks to Weigh When You Compare Sugar Stocks
Sugar stocks depend on the monsoon, cane availability, government policy on exports and ethanol prices. Earnings can swing between seasons. Read each filing for crushing, recovery and ethanol commentary before you compare them. Every sugar stock comparison has blind spots, and for this group the biggest is cane supply and ethanol demand. A thoughtful sugar stocks compared review keeps these risks next to the numbers instead of in a footnote.
Because cane crushing, recovery rates and ethanol volumes drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this sugar stocks compared guide a balanced starting point.
How to Compare Sugar Stocks and Build a Shortlist
Start by deciding whether you want a large integrated mill, a focused sugar and ethanol maker or a diversified group, because each responds to different triggers. Integrated mills reward readers who track ethanol volumes, while smaller mills reward those who track cane supply. Done step by step, this sugar stocks compared routine becomes repeatable rather than a one-off exercise.
Then check valuation and payouts, because dividend yield differs widely across the group and earnings follow the season. Spreading your attention across one large mill and one smaller name is a simple way to see both sides of the sector. Keep the shortlist of best sugar stocks short enough that you can actually follow each company's quarterly results. When you compare sugar stocks again after new results, update only the rows that changed instead of starting over.
The Univest stock screener lets you filter sugar stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this sugar stocks compared page after the next set of results to see which numbers have moved.
Check the Univest Screener for live sugar stock data
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Conclusion: Sugar Stocks Compared at a Glance
This sugar stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. Balrampur Chini leads on size and Triveni Engineering leads on return on equity, while the others bring their own strengths. Treat the sugar stocks Q2 FY27 results and sugar stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare sugar stocks again next quarter, the same checklist of price to book, dividend yield and debt to equity will work.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Sugar Stocks Compared
Which are the top sugar stocks compared in this article?
Ans. The sugar stocks compared in this article are Balrampur Chini, Triveni Engineering, Dalmia Bharat Sugar, EID Parry and Dhampur Sugar. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, which gives you one tidy table to work from before you read any filing in detail.
Which sugar stock has the highest market capitalisation?
Ans. Among the five names, Balrampur Chini has the highest market capitalisation at Rs 13,933 crore. EID Parry follows at Rs 11,466 crore. Because market capitalisation is simply share price multiplied by shares outstanding, it shifts daily, so confirm the live number before using it.
Which of these sugar stocks has the lowest price to earnings ratio?
Ans. On sugar stocks valuation, EID Parry has the lowest price to earnings ratio among these sugar stocks at 9.34, based on the latest reported earnings. Balrampur Chini sits at the other end at 33.22. A low multiple can reflect slower growth or higher risk as easily as a bargain, so read it next to growth and margins.
Which sugar stock has the highest return on equity?
Ans. Triveni Engineering reports the highest return on equity in this group at 11.04%. The ratio measures profit earned for every rupee of shareholder money, which makes it a quick test of capital efficiency. One year can mislead, so look at several, and remember that borrowing can push the figure up.
How did sugar stocks perform in Q2 FY27 results?
Ans. Three of the five names have filed Q2 FY27 numbers in our data. Balrampur Chini recorded the fastest revenue growth at 13.7% year on year. Triveni Engineering showed the sharpest net profit rise at 338.0%. For sugar stocks Q2 FY27 results, the others are covered on their latest reported quarter, and each filing on the exchange website carries the full detail.
What are the main risks when you compare sugar stocks?
Ans. Sugar stocks depend on the monsoon, cane availability, government policy on exports and ethanol prices. Earnings can swing between seasons. Read each filing for crushing, recovery and ethanol commentary before you compare them. Keep an eye on cane crushing, recovery rates and ethanol volumes.
Which metrics matter most when you compare sugar stocks?
Ans. Crushing volumes, sugar recovery, ethanol sales and operating margin matter most for operating performance. Price to earnings, price to book, return on equity and dividend yield show how the market values each mill. Read each company's filing for these along with the numbers in this article.
Which is the best sugar stock to buy among these five?
Ans. The best sugar stock depends on whether you value scale, ethanol income or a diversified group, because the five names differ on all three. On the numbers in this article, Balrampur Chini has the largest market capitalisation; EID Parry has the lowest price to earnings; Triveni Engineering has the highest return on equity; Dalmia Bharat Sugar has the highest dividend yield. Each name wins on a different row, and this is educational content rather than advice. Build a shortlist from the tables, read the latest filings, and talk to a SEBI-registered advisor, because your own goals and risk appetite decide the right fit.
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