What K.M.Sugar Mills does

K.M. Sugar Mills Limited is an integrated sugar and ethanol manufacturer based in Uttar Pradesh, India, publicly listed on both BSE and NSE with its registered office at 76 Eldeco Greens, Gomti Nagar, Lucknow. The company operates a 9,000 Tonnes Crushed per Day (TCD) sugar facility at Motinagar in Faizabad (now Ayodhya), producing refined sugar grades L 31, M 31, M 30, S 31, and S 30, and employs between 251 and 500 people. Its market capitalization stands at approximately ₹243-246 crore (~$29M USD) as of late FY2025-26.

The business spans four interlinked product lines: sugar, a 45 KLPD distillery producing Rectified Spirit, Extra Neutral Alcohol (ENA), and ethanol, a 25 MW bagasse-based cogeneration power plant selling electricity to the Uttar Pradesh Power Corporation Limited (UPPCL), and a bio-manure brand (Moti Super) derived from press mud. This integration enables the firm to monetize every output of sugarcane — sugar, molasses-derived alcohol, and bagasse-derived power — under a single operating perimeter.

Revenue for FY2025-26 was approximately ₹658.38 crore (~$78-79M USD), with EBITDA of ~₹106 crore and net profit of ₹53.42 crore (up ~50% YoY). The revenue model rests on three regulatory-anchored streams: government-allocated ethanol offtake under India's E20 blending program, regulated sugar pricing and releases, and a long-dated PPA with UPPCL for power. The company is undergoing a structural change with the NCLT-approved demerger of its distillery division into KM Spirits and Allied Industries Limited, effective April 1, 2026, indicating a strategy to enable focused capital allocation and potentially separate investor narratives for each business.

Name

K.M.Sugar Mills

Legal name

K M Sugar Mills Limited

Website

https://kmsugar.com

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

251–500 employees

Short description

K.M. Sugar Mills is an integrated Indian sugar producer operating a 9,000 TCD sugar facility, 45 KLPD distillery, and 25 MW bagasse power plant in Uttar Pradesh, supplying sugar, ethanol, and bio-manure to commodity and regulated offtake markets.

Ownership category

akta.pro rank

Product category

Sugar Manufacturing

NAICS

Cane Sugar Manufacturing (311314), Sugar and Confectionery Product Manufacturing (3113)

SIC

Sugar & Confectionery Products (2060), Beverages (2080)

akta.pro primary industry

Cane Sugar (Raw & Refined) (AFAJAAAA)

akta.pro secondary industries

Sugar & Sweeteners Trading/Wholesale (AFAIAKAB), Grain & Sugar-Based Ethanol Production (EUAAAHAA)

Keywords

• Sugar manufacturing
• Ethanol production
• Cogeneration power
• Distillery products
• Bio-fertilizer production

Headquarters

HQ city

Kanpur

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Sugar Manufacturing and Sales: Manufactures and sells sugar in three grades (L 31, M 31, M 30, S 31, S 30) in jute bags and PP bags to domestic buyers and traders. Sugar crushing capacity of 9000TCD.
2. Distillery Products: Produces Rectified Spirit, Ethanol and Extra Neutral Alcohol (ENA) at 45KLPD facility. 85% of rectified spirit production is Grade-I quality. Ethanol supplied for fuel blending under India's ethanol blending program.
3. Power Generation and Sales: Own bagasse-based 25MW cogeneration plant supplies power to Uttar Pradesh Power Corporation Limited (UPPCL).
4. Bio-Manure: Bio Compost unit manufactures bio-fertilizer branded as 'Moti Super' utilizing press mud from sugar unit and byproducts from distillery division.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

K.M. Sugar Mills operates an integrated sugar complex producing refined sugar with 9,000 TCD crushing capacity, a 45 KLPD distillery producing rectified spirit, ethanol and extra neutral alcohol (ENA), a 25 MW bagasse-based cogeneration power plant, and bio-manure (Moti Super) from press mud. The company converts sugarcane and its byproducts (bagasse, molasses, press mud) into multiple revenue streams for industrial buyers.

Product overview

K.M.Sugar Mills is an integrated sugar and agro-industrial company operating as a single unified business with four interconnected product lines: Sugar manufacturing (9000 TCD capacity), Distillery operations producing Rectified Spirit, Ethanol, and Extra Neutral Alcohol (45 KLPD), Clean Power generation through bagasse-based cogeneration (25 MW), and Bio-Manure as a by-product. The company completed a structural demerger in April 2026, separating its Distillery Division into the wholly owned subsidiary KM Spirits and Allied Industries Limited.

Differentiator

Problem solved

Functional benefit

Products and services

• Refined Sugar Refined sugar produced from sugarcane crushing at the company's integrated sugar complex in Faizabad, Uttar Pradesh. Crushing capacity is 9,000 TCD (tonnes of cane per day). Sold to industrial buyers, traders, and food/beverage processors in India.
• Distillery Products (Rectified Spirit, Ethanol, ENA) Alcohol products produced from molasses at the company's 45 KLPD (kilolitres per day) distillery. Includes rectified spirit, ethanol (for fuel blending under India's Ethanol Blending Programme), and Extra Neutral Alcohol (ENA) for industrial buyers including oil marketing companies and beverage/industrial alcohol users.
• Clean Power (Cogeneration) Renewable electricity generated from bagasse (a sugarcane byproduct) through a 25 MW cogeneration power plant. Electricity is sold to state power distribution utilities under long-term Power Purchase Agreements (PPAs), supporting renewable energy procurement obligations.
• Bio-Manure (Moti Super) Organic bio-fertilizer produced from press mud (a sugarcane byproduct from the crushing process). Sold as an organic fertilizer branded as Moti Super to fertilizer distributors and farmers for agricultural use.

Quantifiable outcome

• Profit after tax jumped 50% to ₹5,342.38 lakhs in FY2025-26
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Others

• Praj Industries: Engineering and technology provider for ethanol plants, sugar mills, and renewable fuel facilities. Adjacent ecosystem participant whose ethanol and cogeneration technology underpins the kind of integrated distillery/power assets that KM Sugar operates.

Broad incumbents

• EID Parry (India): Murugappa Group sugar manufacturer with refining, distillery, and cogeneration capabilities, including sugar exports. Comparable to KM Sugar across the integrated sugar/ethanol/power stack but with significantly larger scale.

Direct peers

• Balrampur Chini Mills: One of India's largest integrated sugar producers headquartered in Uttar Pradesh with substantial distillery and cogeneration operations. Closely comparable to KM Sugar in product mix (sugar + ethanol + power) and UP-centric raw material base.
• Shree Renuka Sugars: Pan-India sugar producer with significant distillery (ethanol) operations including ENA and rectified spirit. Comparable as an integrated sugar/ethanol/power company serving India's fuel-blending programme.
• Sakthi Sugars: South-India-based sugar producer with integrated distillery and cogeneration operations. Comparable to KM Sugar across sugar manufacturing, ethanol/ENA production, and bagasse-based power.
• Dalmia Bharat Sugar and Industries: Listed Indian sugar manufacturer with integrated distillery and power operations. Directly comparable to KM Sugar in product mix, ethanol-fuel blending focus, and renewable energy co-generation.
• Magadh Sugar & Energy: Indian sugar and ethanol producer with cogeneration operations, exposed to similar sugar cycle and E20 blending dynamics. Directly comparable to KM Sugar as an integrated sugar/ethanol/power company.
• Bajaj Hindusthan Sugar: Largest sugar manufacturer in India with operations concentrated in Uttar Pradesh. Highly comparable to KM Sugar as a UP-based integrated sugar mill with distillery and power exposure.
• Triveni Engineering & Industries: Uttar Pradesh-headquartered sugar and engineering company with integrated distillery and cogeneration operations. Overlaps directly with KM Sugar in sugar milling, ethanol production, and bagasse-based power generation.
• Dhampur Sugar Mills: UP-based integrated sugar producer with ethanol distillery and cogeneration. Directly comparable to KM Sugar across sugar, ethanol, and renewable power product lines serving Indian B2B markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about K.M.Sugar Mills