Good morning :)

Best Ethanol Stocks in India (2025)

The surging demand for biofuels in India has potentially led to the growth of ethanol companies. Explore top ethanol stocks in India, ranked by market capitalisation.

Best Ethanol Sector Stocks (2025)

Ethanol Stocks

List of ethanol stocks listed in NSE.
last updated at 6:30 PM IST 

Showing 1 - 20 of 36 results

last updated at 6:30 PM IST 
NameStocks (36)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose PricePE RatioPE Ratio1Y Return1Y Return
1.Oswal Overseas LtdOSWALORSugarSugar59.2859.2845.7545.75-4.78-4.78790.08790.08
2.E I D-Parry (India) LtdEIDPARRYSugarSugar20,019.4220,019.421,125.801,125.8022.7922.7938.1038.10
3.Prudential Sugar Corp LtdPRUDMOULISugarSugar119.30119.3036.9936.9920.7820.7823.5123.51
4.Dollex Agrotech LtdDOLLEXSugarSugar166.19166.1941.6041.6020.0720.0722.5622.56
5.Bannari Amman Sugars LtdBANARISUGSugarSugar4,695.244,695.243,744.303,744.3044.8644.8620.6820.68
6.Khaitan (India) LtdKHAITANLTDSugarSugar51.1251.12107.62107.627.327.324.464.46
7.Balrampur Chini Mills LtdBALRAMCHINSugarSugar10,828.2410,828.24536.20536.2024.7824.78-7.36-7.36
8.Indian Sucrose LtdINDSUCRSugarSugar161.55161.5593.0093.004.214.21-11.43-11.43
9.Dalmia Bharat Sugar and Industries LtdDALMIASUGSugarSugar3,036.843,036.84375.20375.207.857.85-15.04-15.04
10.Triveni Engineering and Industries LtdTRIVENISugarSugar7,703.027,703.02351.90351.9031.6731.67-19.86-19.86
11.Uttam Sugar Mills LtdUTTAMSUGARSugarSugar1,027.251,027.25269.35269.3511.2611.26-20.83-20.83
12.K M Sugar Mills LtdKMSUGARSugarSugar251.34251.3427.3227.327.077.07-29.41-29.41
13.Mawana Sugars LtdMAWANASUGSugarSugar342.86342.8687.6587.653.133.13-30.19-30.19
14.Parvati Sweetners and Power LtdPARVATISugarSugar107.68107.687.217.21185.66185.66-31.72-31.72
15.Kesar Enterprises LtdKESARENTSugarSugar108.76108.76107.90107.90-1.50-1.50-33.25-33.25
16.Rana Sugars LtdRANASUGSugarSugar218.83218.8314.2514.256.376.37-34.60-34.60
17.Dhampur Bio Organics LtdDBOLSugarSugar566.88566.8885.3985.3938.5938.59-36.86-36.86
18.SBEC Sugar LtdSBECSUGSugarSugar194.43194.4340.8040.80-10.45-10.45-37.25-37.25
19.Magadh Sugar & Energy LtdMAGADSUGARSugarSugar768.13768.13545.10545.107.027.02-37.57-37.57
20.Sir Shadi Lal Enterprises LtdSSLELSugarSugar123.38123.38235.00235.00-2.77-2.77-39.14-39.14

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: Sub-sector: Sugar | Market Cap: Sorted from Highest to Lowest

How to Invest in Ethanol Stocks?

Investing in ethanol 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 ethanol stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for Ethanol Stocks: Go to Tickertape Stock Screener and search for ethanol stocks.
  3. 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 ethanol stocks in India.
  4. 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.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve identified ethanol 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!

Overview of the Top Ethanol Stocks

Sir Shadi Lal Enterprises Ltd

Sir Shadi Lal Enterprises Ltd began operations in 1933 and produces sugar and related by-products. The company has a notable history in India’s agricultural sector and manufactures ethanol, making it part of the ethanol industry stocks.

Piccadily Agro Industries Ltd

Piccadily Agro Industries Ltd started in 1994 and produces and processes sugar and alcohol-based products. The company has expanded into distillery operations and now manufactures ethanol for fuel blending, strengthening its role in the ethanol industry in India.

Prudential Sugar Corp Ltd

Prudential Sugar Corp Ltd was established in 1990 and focuses on making sugar and ethanol. Operating in the sugarcane belt, Prudential Sugar efficiently manufactures sugar and its by-products and has contributed to the ethanol sector for several years.

Khaitan (India) Ltd

Khaitan (India) Ltd has operated since 1936 and manufactures sugar and sugar-related products, mainly for Indian consumers. The company recently started producing ethanol, making it part of India's biofuel stocks.

SBEC Sugar Ltd

SBEC Sugar Ltd formed in 1991 and chiefly produces sugar and related by-products. The company serves both local and overseas markets. With the rising demand for ethanol, more investors are paying attention to ethanol-focused stocks like SBEC Sugar.

What are Ethanol Stocks?

Ethanol stocks are publicly traded companies involved in producing, selling, or distributing ethanol, a biofuel typically made from crops like corn, sugarcane, or other plant material.

Ethanol, a versatile by-product of the sugar industry, has applications in various sectors, including plastics, polishes, plasticisers, medications, and cosmetics. In recent years, the surging demand for biofuels in India has led to the growth of ethanol companies. Many ethanol companies recorded big net profits this quarter, with many ethanol stocks recording triple-digit growth since the past year.

Considering the growth and demand for ethanol, here is the list of the best ethanol stocks from ethanol producing companies in India.

Advantages of Investing in Ethanol Stocks

Government-Backed

The government considers ethanol a suitable alternative to fossil fuels and has introduced financial assistance schemes to increase ethanol production capacity in India. Consequently, ethanol company stocks can be attractive for long-term investors.

Environment-Friendly

Ethanol is less harmful than other fuels. It is a clean-burning fuel that emits greenhouse gases and pollutants within a specified limit. Therefore, it is considered the fuel for the future, with many companies already incorporating ethanol into production and manufacturing products.

High Demand

For the above-mentioned reasons, ethanol is in demand, which experts believe is expected to increase significantly in the coming years. As a result, ethanol companies in India are in an ideal position to benefit from this trend, which makes investing in ethanol stocks in India a potentially lucrative opportunity.

Install the Tickertape app and enjoy a more hands-on investing experience
  • portfolio-iconReceive real-time market alerts for timely decisions
  • portfolio-iconMonitor your portfolio from the palm of your hands
  • portfolio-iconWatchlist stocks and mutual funds to stay updated

Factors to Consider While Investing Ethanol Stocks in India

Government Policies and Initiatives

India plans to achieve a 20% ethanol blend in gasoline by 2025-26. The government supports ethanol production through favorable policies. You should monitor these policies, as they directly affect the growth prospects of ethanol-producing companies.

Feedstock Availability and Costs

Ethanol production depends mostly on sugarcane and grains. Weather patterns, farming methods, and global supply chain changes can affect crop yields, making raw materials more expensive. These changes can cause ethanol stock prices to fluctuate.

Industry Demand and Market Growth

Increased fuel consumption and government blending targets are boosting demand for ethanol. However, if more people start using alternative energy sources or buy electric vehicles, demand for ethanol, and its stocks, may change in the long run.

Financial Health and Profitability

Analyse financial indicators like revenue growth, profit margins, and debt levels. Healthy financials show that a company is likely to perform well and maintain sustainability in the ethanol stock market.

Regulatory and Environmental Considerations

Government rules, such as environmental regulations and export restrictions, have a big impact on ethanol production and pricing. Companies that use sustainable production practices and follow changing regulations are more likely to succeed, including those planning to launch new ethanol IPOs.

Technological Advancements and Innovation

Companies that invest in new biofuel technologies, better refining methods, and alternative ethanol sources can gain a competitive advantage. These innovations influence the debate between ethanol and oil stocks and could improve company performance.

Challenges of Investing in Ethanol Stocks in India

Fluctuating Commodity Price

Ethanol producers use the sugar in grains like corn, sorghum, and barley to make ethanol. When prices of these grains change, it directly affects the cost of producing ethanol.

Rise of Other Fuel Sources

The popularity of electric vehicles and hydrogen fuel cells offers strong competition to ethanol producers in India. Growing demand for electric vehicles could reduce the need for ethanol, limiting growth in ethanol stocks.

Political and Regulatory Risks

Changes in government policies or regulations can heavily impact the ethanol industry. Investors in ethanol stocks must monitor regulatory updates, tax incentives, and subsidies closely because these factors can quickly change the outlook for the sector.

Conclusion

India boasts a robust presence of ethanol companies, many of which rank globally among the foremost ethanol producers. The heightened demand for ethanol globally has propelled the Indian ethanol market to new heights, with projections indicating a remarkable CAGR of 9.16%. It is projected that by 2029, the Indian ethanol market is set to achieve a market value of $4.15 bn.

However, since ethanol is a by-product of sugar, running a detailed analysis of the companies before investing is essential. For this purpose. #TickertapeHaiNa! Tickertape Stock Screener offers 200+ filters, custom filters, custom universe, and more to analyse any stock thoroughly. Moreover, with Tickertape, you can identify the intrinsic value, dubbed as the true value of a stock, with the pro version.

Frequently Asked Questions on Ethanol Stocks

  1. 1. Which are the biggest ethanol-producing companies in India?

    Here are the top ethanol-producing companies sorted according to their market capitalisation:
    1. E I D-Parry (India) Ltd
    2. Balrampur Chini Mills Ltd
    3. Triveni Engineering and Industries Ltd

      1. Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

  2. 2. Which are the top 5 smallcap ethanol companies in India?

    Based on market capitalisation, here is a list of ethanol stocks among smallcap companies:
    1. E I D-Parry (India) Ltd
    2. Balrampur Chini Mills Ltd
    3. Triveni Engineering and Industries Ltd
    4. Shree Renuka Sugars Ltd
    5. Piccadily Agro Industries Ltd

    Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

  3. 3. Which company supplies large amounts of ethanol in India?

    Bajaj Hindustan Sugar Company, based in Mumbai, is India’s largest producer of sugar and ethanol, primarily focusing on ethanol supply. Established in 1931, it has played a significant role in ethanol production in India.
    Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.

  4. 4. Which are the ethanol penny stocks listed in NSE?

    The ethanol penny stocks list consists of –
    1. Davangere Sugar Company Ltd
    2. Vishwaraj Sugar Industries Ltd

    Both ethanol shares are currently trading below Rs. 10.


    Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

  5. 5. Which ethanol shares had the highest trading volume in 2025?

    Here’s an ethanol stock analysis of shares with the highest trade volume –
    1. Kesar Enterprises Ltd
    2. Uttam Sugar Mills Ltd
    3. Magadh Sugar & Energy Ltd
    4. Simbhaoli Sugars Ltd
    5. Kothari Sugars and Chemicals Ltd

    Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

  6. 6. Which are the top 5 ethanol stocks in India in 2025?

    Here’s the list of top 5 ethanol stocks in India in 2025 sorted based on market capitalisation -
    1. Oswal Overseas Ltd
    2. Prudential Sugar Corp Ltd
    3. E I D-Parry (India) Ltd
    4. Khaitan (India) Ltd
    5. Dollex Agrotech Ltd

    Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.