List of Carbon Stocks in India (2025)
Firms involved in carbon credit trading or producing carbon-based materials like graphite, carbon black, and emissions-reducing solutions, which are key to the energy transition and sustainability mandates.
Top Carbon Stocks in 2025
Carbon Stock Screener
Carbon Stock Screener: Analyse & Filter Indian Stocks on Tickertape
Created by
@tickertapetickertapeShowing 1 - 5 of 5 results
last updated at 6:30 AM IST
| NameStocks (5)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1D Return1D Return↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ↓Dividend YieldDiv Yield↓ | ↓Debt to EquityDebt to Equity↓ | ↓Volatility vs NiftyVolatility vs Nifty↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Himadri Speciality Chemical LtdHSCL | Commodity ChemicalsCommodity Chemicals | 22,680.6522,680.65 | 462.35462.35 | 40.8240.82 | 2.852.85 | -5.18-5.18 | -4.15-4.15 | -16.51-16.51 | 6.016.01 | 16.3116.31 | 21.0021.00 | 0.130.13 | 0.080.08 | 2.982.98 | |
| 2. | PCBL Chemical LtdPCBL | Commodity ChemicalsCommodity Chemicals | 12,618.3512,618.35 | 315.65315.65 | 29.0329.03 | -1.57-1.57 | -10.49-10.49 | -24.58-24.58 | -29.22-29.22 | 3.403.40 | 12.4912.49 | 13.2613.26 | 1.651.65 | 1.501.50 | 2.832.83 | |
| 3. | Rain Industries LtdRAIN | Commodity ChemicalsCommodity Chemicals | 3,595.543,595.54 | 105.55105.55 | -6.37-6.37 | -1.26-1.26 | -23.59-23.59 | -28.67-28.67 | -34.24-34.24 | 0.530.53 | -7.73-7.73 | 4.804.80 | 0.940.94 | 1.241.24 | 2.642.64 | |
| 4. | Hi-Green Carbon LtdHIGREEN | Commodity ChemicalsCommodity Chemicals | 374.97374.97 | 148.15148.15 | 33.6333.63 | -1.27-1.27 | -23.09-23.09 | -34.18-34.18 | -38.42-38.42 | 4.334.33 | 13.7513.75 | 12.8312.83 | -- | 0.550.55 | 3.753.75 | |
| 5. | Goa Carbon LtdGOACARBON | Metals - CokeMetals - Coke | 368.79368.79 | 398.45398.45 | -16.74-16.74 | -1.13-1.13 | -6.93-6.93 | -21.08-21.08 | -44.55-44.55 | 1.691.69 | -9.47-9.47 | -4.76-4.76 | -- | 1.291.29 | 2.852.85 |
Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Selection criteria: Carbon Stocks, based on publicly available information and is sorted by market cap.
Selection criteria: Carbon Stocks, based on publicly available information and is sorted by market cap.
Overview of the Top Carbon Stocks
Himadri Speciality Chemical Ltd
A diversified chemical company manufacturing coal tar pitch, carbon black, and advanced materials used in aluminium, lithium-ion batteries, and specialty chemicals for global industries.
PCBL Chemical Ltd
India’s largest carbon black manufacturer, producing grades for tyres, rubber goods, plastics, and specialty applications, with integrated energy generation from production by-products.
Rain Industries Ltd
A global leader in calcined petroleum coke (CPC), coal tar pitch, and specialty chemicals, serving aluminium, steel, and construction sectors, with operations across multiple continents.
Hi-Green Carbon Ltd
Specialises in recovering carbon black from end-of-life tyres, contributing to the circular economy and sustainable raw material sourcing for rubber and plastic industries.
Goa Carbon Ltd
A leading producer of calcined petroleum coke used primarily in the aluminium industry, with manufacturing plants strategically located in Goa, Bilaspur, and Paradeep.
What are Carbon Stocks?
Carbon stocks in India refer to shares of companies engaged in activities related to carbon management, carbon credits, and climate change mitigation. These businesses operate in areas such as renewable energy, afforestation, carbon capture, and sustainable practices that reduce greenhouse gas emissions.
They can include:
- Renewable energy producers (solar, wind, hydro)
- Carbon credit generators and traders
- Companies involved in carbon capture and storage (CCS)
- Firms with sustainability-linked operations like waste-to-energy, biofuels, or large-scale tree plantations
- Government push for net-zero by 2070
- Introduction of a domestic carbon market (Indian Carbon Market – ICM)
- Increased global demand for carbon credits
Carbon stocks are gaining relevance due to:
These stocks attract investors aiming to benefit from India’s clean energy transition, ESG-focused investments, and global climate financing flows.
Advantages of Investing in Carbon Stocks
Exposure to India’s Net-Zero Push
India has committed to achieving net-zero emissions by 2070, with interim goals for renewable capacity, emissions reduction, and carbon market development. Companies positioned in carbon management and low-emission industries stand to benefit from policy tailwinds.
Growing Carbon Credit Market
The launch of the Indian Carbon Market (ICM) and the Carbon Credit Trading Scheme (CCTS) enables companies to generate and trade credits domestically and internationally. This creates new revenue streams for firms engaged in renewable energy, afforestation, and emission-reduction technologies.
Strong Demand for Carbon Materials
On the industrial side, carbon black and related products are essential for tyres, rubber goods, plastics, and paints. Demand is expected to grow with India’s expanding automotive, infrastructure, and manufacturing sectors.
ESG & Green Investment Trends
Institutional investors, mutual funds, and foreign portfolios are increasingly integrating ESG (Environmental, Social, and Governance) criteria. Carbon-efficient and sustainability-linked businesses have better chances of attracting green capital inflows.
Policy Incentives & International Collaboration
Government schemes, tax benefits, and global partnerships for clean technology transfer can directly boost profitability and competitiveness for carbon-aligned companies.
Diversification in a Sunrise Sector
Carbon stocks offer diversification beyond traditional sectors like IT or banking, giving investors exposure to a climate-driven growth story that’s likely to accelerate in the next decade.
Risks of Investing in Carbon Stocks
Regulatory & Policy Uncertainty
While India’s Carbon Credit Trading Scheme (CCTS) and renewable policies are supportive, policy reversals, delays, or unclear carbon pricing rules can affect profitability and demand for carbon credits.
Commodity Price Volatility
For carbon black and related materials, input costs like crude oil derivatives can fluctuate sharply. Rising feedstock prices without matching selling price hikes can squeeze margins.
Demand Cyclicality
Industrial carbon products are closely tied to automotive, tyre, and manufacturing cycles. Any slowdown in these sectors can reduce demand and revenues.
Global Market Dependence
Many carbon-related firms rely on exports. Weak global demand, trade restrictions, or changes in international carbon credit rules can hurt earnings.
Greenwashing & Credibility Risks
Carbon credit markets face risks of fraudulent claims or low-quality credits. If a company’s carbon offset projects are questioned, it can damage its reputation and market value.
Technological Disruption
Advances in alternative materials or emission-reduction tech could reduce the demand for traditional carbon products, impacting long-term revenue streams.
Receive real-time market alerts for timely decisions
Monitor your portfolio from the palm of your hands
Watchlist stocks and mutual funds to stay updated
How to Invest in Carbon Stocks?
Investing in carbon stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in carbon stocks:
- Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
- Search for Carbon Stocks: Go to Tickertape Stock Screener and search for carbon stocks.
- Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter if your preferred parameters are not available. This can help you narrow down the top carbon stocks in India.
- Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
- Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
- Invest Through Your Broker: Once you’ve identified carbon stocks that align with your investment thesis, you can place a buy order through your brokerage account linked to Tickertape.
You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!
Factors to Consider Before Investing in Carbon Stocks
Business Model & Segment Focus
Identify whether the company is in industrial carbon products (e.g., carbon black, calcined petroleum coke) or carbon credits & sustainability services. Check if it has diversified revenue streams (domestic + export, credits + products).
Government Policy & Regulatory Framework
Track updates on Indian Carbon Market (ICM) and Carbon Credit Trading Scheme (CCTS) rules. See if the company qualifies for policy incentives, subsidies, or tax benefits.
Financial Health & Profitability
Review revenue growth trends, margins, debt levels, ROE, and cash flows. Compare P/E ratios with industry averages to assess valuation.
Demand Drivers & End-User Sectors
For carbon black companies, monitor demand in tyre, automotive, and manufacturing sectors. For carbon credit businesses, assess renewable project pipeline and carbon credit pricing trends.
Global Market Exposure
Export-heavy companies face currency risks, trade restrictions, and global carbon policy changes. Keep an eye on international carbon credit demand.
Technological Adaptability
Companies that invest in R&D for cleaner processes or better carbon capture tech are better positioned for long-term growth.
Conclusion
The market sentiment toward carbon stocks in India is turning increasingly positive, driven by the government’s net-zero targets, the rollout of the Indian Carbon Market, and rising institutional focus on ESG investments. While industrial carbon producers benefit from steady demand in automotive and manufacturing, carbon credit–linked businesses stand to gain from the formalisation of carbon trading. However, policy shifts, commodity price volatility, and global demand cycles mean investors must be selective. With Tickertape Stock Screener, an investor can evaluate carbon stocks by using over 200 filters.
Popular Stock Collections
Popular Mutual Fund Collections
Frequently Asked Questions on Carbon Stocks
What are Carbon Stocks?
Carbon stocks in India refer to shares of companies engaged in carbon-related industries, such as carbon black and calcined petroleum coke manufacturing, carbon capture and storage, renewable energy, and carbon credit generation. These firms play a role in industrial supply chains and climate change mitigation efforts.How to invest in Carbon Stocks?
Here’s how you can invest in Carbon stocks -- Go to the Tickertape Stock Screener
- Select the "Carbon" stocks.
- From the Carbon stocks, analyse and sort the Carbon stocks using over 200+ filters—including valuation ratios, financials, technical indicators, and more—based on your investment thesis.
- Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
- Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Carbon stocks.
Disclaimer: Please do your own research or consult your financial advisor before investing.
What is the future projection of carbon stocks?
The outlook for carbon stocks in India is positive, supported by the government’s net-zero by 2070 target, the launch of the Indian Carbon Market (ICM), and rising ESG investment flows. Demand for industrial carbon products is expected to grow with the automotive and manufacturing sectors, while carbon credit–linked businesses could see new revenue streams from domestic and global trading.
Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.How to choose carbon stocks for investing?
Focus on companies with:- Strong financial health (growth in revenue, healthy margins, manageable debt)
- Diversified operations (domestic + export markets)
- High-quality ESG scores and credible carbon projects
- Alignment with government climate policies
- Exposure to sectors with consistent carbon demand, such as tyres, renewable energy, or manufacturing
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.Do carbon stocks offer regular dividends?
Many industrial carbon companies like PCBL and Rain Industries have a history of dividend payouts, though amounts can vary depending on profitability, capex needs, and commodity cycles. Carbon credit-focused businesses may reinvest earnings for growth, resulting in lower or irregular dividend distributions.
Disclaimer: This is only for educational purposes as the latest data is derived from Tickertape Stock Screener.What are the factors affecting carbon stocks prices?
Factors affecting Carbon Stocks prices are -
- Government policy & carbon market regulations (ICM, CCTS)
- Commodity price volatility (e.g., crude oil derivatives for carbon black)
- Global carbon credit demand and pricing
- Performance of end-user industries like automotive and manufacturing
- Currency fluctuations & export market trends
- Technological innovations in emission reduction or alternative materials
- ESG performance and credibility of carbon projects
