Where is Naraingarh Sugar Mills Limited located?

The company is located in Naraingarh, which is in the Ambala district of Haryana — a region with significant sugarcane cultivation.

Is Naraingarh Sugar Mills currently operational?

The extremely low share price of ₹0.05 suggests the company may be dormant or in severe financial distress; current operational status cannot be confirmed from publicly available data.

What are the by-products of sugar manufacturing?

Sugar mills generate molasses (used for ethanol and liquor manufacturing), bagasse (used as fuel for cogeneration), and press mud (organic fertilizer) — all of which can generate ancillary revenue.

How does government policy affect Naraingarh Sugar Mills?

Sugar mills in India are governed by Fair and Remunerative Price (FRP) for cane payments, state advisory prices (SAP in Haryana), import-export policies, and ethanol blending programs — all of which significantly impact profitability.

How do I buy Naraingarh Sugar Mills unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Naraingarh Sugar Mills?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Naraingarh Sugar Mills shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Naraingarh Sugar Mills Unlisted Share Price | Buy Naraingarh Sugar Mills Pre-IPO Shares — wisefolio

Investment Thesis

Naraingarh Sugar Mills Limited is a micro-cap unlisted sugar company in Haryana with a near-zero share price, signaling severe financial distress. The company's outlook is highly uncertain without access to audited financials or management disclosures. Investors should treat this as a speculative, high-risk holding with limited recovery prospects unless a credible revival plan emerges.

Pros

Revenue ₹202 Cr — meaningful sugar manufacturing scale; 2,500 TCD capacity + 5 MW co-generation power; Naraingarh, Ambala Haryana on NH-72.
Diversified sugar mill revenue streams: sugar, molasses, power (cogen), press mud, bagasse — multiple by-product monetization.
L-prefix CIN; 34+ years since 1991; website: naraingarhsugarmillsltd.com; BCRISP credit rated; Haryana is a major sugarcane belt.

Cons

PAT -₹19.9 Cr — loss-making; sugar sector faces recurring profitability challenges due to government-fixed cane prices and market sugar prices.
Promoter holding only 9.59% — extremely low; effectively no promoter control; management-run company.
Sugar sector is cyclical, politically sensitive; Haryana mills face competition from UP mega-mills.
Authorized ₹30 Cr; paid-up ₹21.20 Cr — modest equity base for a ₹202 Cr revenue company; leveraged balance sheet likely.

Business Segments

Sugar Manufacturing

Manufacturing of white crystal sugar; 2,500 TCD (tonnes of cane per day) crushing capacity; Naraingarh, Haryana.

By-Products (Molasses, Press Mud, Bagasse)

Sale of molasses, press mud, and bagasse — sugar mill by-products; co-processing revenue.

Co-generation Power

5 MW captive co-generation power plant using bagasse; power sale/captive consumption.

Revenue Model

Revenue is generated primarily from the sale of sugar produced by crushing sugarcane procured from local farmers. By-product revenues from molasses (sold to distilleries or used internally for ethanol) and bagasse (for cogeneration or sold to paper mills) supplement primary income. The business is highly seasonal, with crushing season typically running October through April.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

India's ethanol blending program (20% blending target by 2025) incentivizing sugar mills to set up distilleries

Potential acquisition by a larger sugar group seeking to expand Haryana capacity

Government cane area reservation guaranteeing minimum cane supply

Industry Tailwinds

India's ethanol blending program (20% blending target by 2025) incentivizing sugar mills to set up distilleries

Recent Developments

Continued dormancy

No material corporate announcements found in the public domain; the company's near-zero share price suggests it remains financially distressed or effectively non-operational.

2024-01

Comparable Companies

CompanyTypeTickerMkt Cap

Balrampur Chini Mills LimitedListedBALRAMCHIN~₹8,000 Cr (listed)

Dhampur Sugar Mills LimitedListedDHAMPURSUG~₹2,000 Cr (listed)

Triveni Engineering & IndustriesListedTRIVENI~₹9,000 Cr (listed)

Balrampur Chini Mills LimitedListed

BALRAMCHIN · ~₹8,000 Cr (listed)

Frequently Asked Questions

About Naraingarh Sugar Mills

Naraingarh Sugar Mills Limited is a Haryana-based sugar manufacturer operating in Naraingarh, Ambala district. The company crushes sugarcane to produce sugar and by-products including molasses, bagasse, and press mud. Haryana is a significant sugar-producing state in India, with sugarcane cultivation across districts including Ambala, Yamunanagar, and Karnal. Sugar mills purchase sugarcane from registered farmers at State Advised Prices (SAP) set by state governments and produce sugar for sale through both statutory channels and the free market. The sugar industry in India is highly regulated — government sets minimum selling prices, cane prices, and export incentives. Naraingarh Sugar Mills would operate a seasonal crushing operation typically from October to April, producing sugar, generating electricity from bagasse (cogeneration), and producing ethanol or industrial alcohol from molasses — providing additional revenue beyond sugar. The Naraingarh area in Haryana has a strong sugarcane growing tradition, providing the mill with nearby cane supply. The company competes with other Haryana sugar mills including those of established groups like Birla (Chambal Fertilisers), DCM Shriram, and cooperative sugar mills.

Key Milestones

Incorporated December 1, 1991 in Haryana (CIN: L74899HR1991PLC032873) — 34+ years old

Sugar mill: 2,500 TCD capacity + 5 MW co-generation; revenue ₹202 Cr; PAT -₹19.9 Cr (loss-making)

Common questions about unlisted shares

How do I buy Naraingarh Sugar Mills unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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