The Andhra Sugars Limited, established on August 11, 1947, is a leading diversified manufacturer in India. The company specializes in the production of sugar, industrial alcohol, chlor-alkali products, aspirin, sulphuric acid, liquid and solid propellants. It is uniquely positioned with its headquarters and manufacturing facilities located in rural Andhra Pradesh, utilizing locally available renewable resources to produce value-added products, thereby generating employment and boosting the rural economy. The company is listed on the BSE with code 590062 and on the NSE with symbol ANDHRSUGAR.
Andhra Sugars operates multiple manufacturing facilities across Andhra Pradesh at Tanuku, Kovvur, Guntur, Taduvai, Saggonda, and Bhimadole. These facilities collectively produce a wide range of 25 different products, making the company a significant contributor to the industrial landscape of the region.
Andhra Sugars Limited operates through several key business segments:
The company's sugar operations began in 1952 at Tanuku with an initial crushing capacity of 600 TCD (tons of cane per day). This segment has since expanded to three locations: Tanuku (5,000 TCD), Taduvai (2,500 TCD), and Bhimadole, reaching a total crushing capacity of 16,000 TCD. The company has successfully adopted advanced diffusion technology in its sugar production processes.
Andhra Sugars is a prominent producer of chlor-alkali products, including caustic soda, caustic potash, and their co-products. This segment contributed significantly, accounting for 37% of the company's revenue in FY24. The caustic soda plant boasts a substantial production capacity of approximately 112,000 MT per annum. The company employs eco-friendly and mercury-free membrane cell technology from UHDE, Germany, for the production of caustic soda and chlorine, highlighting its commitment to sustainable practices.
The company diversified into the chemicals and fertilizers sector in 1960 with a division set up at Kovvur. Notably, Andhra Sugars was the first Indian company to develop indigenous technology for the manufacture of aspirin. Leveraging its in-house R&D capabilities, the company established aspirin and salicylic acid plants in 1978 and is currently recognized as the largest aspirin manufacturer in India.
Andhra Sugars generates power primarily for captive use to support its extensive manufacturing operations. This includes a 33 MW coal-based captive thermal power plant at Saggonda village, commissioned on March 24, 2017. Additionally, the company harnesses non-conventional wind power, with facilities located at Ramgiri in Andhra Pradesh, and at Annaikulam, Kurichampatti, Surandai, and Kundadam in Tamil Nadu, underscoring its focus on sustainable energy sources.
• Market Capitalization: ₹1,117 crore (as of latest available data)
• FY2024-25 Sales: ₹2,019.69 crore (up 6.63% from FY23-24)
• FY2024-25 Net Profit: ₹25.88 crore (down 65.54% from FY23-24)
• FY2023-24 Sales: ₹1,894.04 crore
• FY2023-24 Net Profit: ₹75.10 crore
• Promoter Holding: 47.28% (as of March 2025)
The company's financial performance in Q4 FY2024-25 showed a sales increase of 15.49% to ₹500.35 crore, compared to ₹433.24 crore in Q4 FY2023-24. However, net profit for Q4 FY2024-25 declined by 76.76% to ₹5.88 crore, as against ₹25.30 crore in the same quarter of the previous fiscal year.
The company's corporate governance is overseen by its board, with P Narendranath Chowdary serving as the chairperson. Promoter holding in The Andhra Sugars Limited has shown a slight increase, rising to 47.28% as of March 2025 from 47.19% as of June 2024, indicating continued confidence from the primary stakeholders.
A board meeting was held on May 29, 2025, to discuss dividend matters. In the quarter ending March 2024, the company declared a dividend of ₹1 per share, which translated to a dividend yield of 1.31%.
Andhra Sugars is committed to manufacturing excellence and technological advancement. In its distillery operations, the company has adopted Alfalaval's BIOSTIL continuous fermentation technology and molecular sieve dehydration technology from Katzen International for the production of absolute alcohol. The anhydrous ethanol plant is capable of producing 99.80% pure ethanol utilizing this advanced molecular sieve dehydration technology.
The company upholds stringent quality standards, with its factories holding various certifications including GMP (Good Manufacturing Practices) and ISO 9001:2008. Furthermore, its facilities are approved by esteemed international bodies such as the USFDA (United States Food and Drug Administration) and EDQM (European Directorate for the Quality of Medicines & HealthCare). Andhra Sugars was also recognized with the National Award for Energy Conservation in the Chlor-Alkali Industry for 1991-92 by the Indian Institute of Marketing and Management, reflecting its dedication to operational efficiency and environmental responsibility.
The Andhra Sugars Limited continues to be a significant player in the Indian industrial landscape, with its diversified operations spanning sugar manufacturing, chemicals, pharmaceuticals, and power generation. The company's focus on utilizing local resources and contributing to rural development has established it as a key contributor to India's industrial growth story.
