Top Ethanol Stocks in India
India’s ethanol sector has entered a pivotal phase. With the country achieving its 20% ethanol blending target (E20) well ahead of the original 2030 timeline, investor interest in ethanol-linked companies is growing rapidly. In this article, we will explore the ethanol sector in India, along with live stock prices, company fundamentals and more!
Best Ethanol Stocks
Sunday, 6 July, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AVAD | Avadh Sugar & Energy Ltd | AVADHSUGAR | /stocks/avadh-sugar-and-energy-AVAD | Sugar | 498.35 | 830.50 | 354.40 | 997.62 | 11.35 | 36.73 | 0.97 | 2.01 | 13.35 | -23.64 | -5.27 | 157.08 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 2.15 |
| BACH | Balrampur Chini Mills Ltd | BALRAMCHIN | /stocks/balrampur-chini-mills-BACH | Sugar | 590.00 | 691.80 | 419.05 | 11,912.24 | 27.26 | 36.73 | 3.50 | 1.02 | 16.98 | 37.98 | 63.75 | 333.50 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.30 |
| BANN | Bannari Amman Sugars Ltd | BANARISUG | /stocks/bannari-amman-sugars-BANN | Sugar | 3,900.60 | 4,444.00 | 3,000.30 | 4,891.24 | 46.73 | 36.73 | 2.90 | 0.32 | 9.40 | 24.71 | 78.17 | 270.99 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.06 |
| BJHN | Bajaj Hindusthan Sugar Ltd | BAJAJHIND | /stocks/bajaj-hindusthan-sugar-BJHN | Sugar | 27.65 | 46.10 | 16.50 | 3,531.90 | -149.85 | 36.73 | 0.79 | 0.00 | -1.93 | -32.59 | 112.69 | 284.03 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.11 |
| DAMS | Dhampur Sugar Mills Ltd | DHAMPURSUG | /stocks/dhampur-sugar-mills-DAMS | Sugar | 152.63 | 234.00 | 110.00 | 981.51 | 18.80 | 36.73 | 0.89 | 0.00 | 12.53 | -31.60 | -29.42 | 9.37 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.02 |
| DAV | Davangere Sugar Company Ltd | DAVANGERE | /stocks/davangere-sugar-company-DAV | Sugar | 3.54 | 10.19 | 3.15 | 324.59 | 29.67 | 36.73 | 0.95 | 0.00 | 3.75 | -62.66 | 102.87 | 170.23 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.28 |
| DBO | Dhampur Bio Organics Ltd | DBOL | /stocks/dhampur-bio-organics-DBO | Sugar | 82.07 | 163.93 | 57.34 | 544.84 | 37.09 | 36.73 | 0.54 | 1.52 | 1.45 | -42.08 | -51.18 | -51.18 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -1.58 |
| DLMI | Dalmia Bharat Sugar and Industries Ltd | DALMIASUG | /stocks/dalmia-bharat-sugar-and-industries-DLMI | Sugar | 390.95 | 585.00 | 291.00 | 3,164.32 | 8.18 | 36.73 | 0.98 | 1.53 | 12.54 | -4.33 | 23.58 | 245.97 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.88 |
| DOLL | Dollex Agrotech Ltd | DOLLEX | /stocks/dollex-agrotech-DOLL | Sugar | 42.60 | 47.24 | 29.96 | 170.18 | 20.55 | 36.73 | 2.94 | 0.00 | 12.98 | 18.33 | 44.44 | 44.44 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.95 |
| DWAR | Dwarikesh Sugar Industries Ltd | DWARKESH | /stocks/dwarikesh-sugar-industries-DWAR | Sugar | 49.29 | 80.34 | 34.42 | 913.35 | 39.15 | 36.73 | 1.11 | 0.00 | 10.70 | -34.65 | -51.96 | 90.31 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.18 |
| EIDP | E I D-Parry (India) Ltd | EIDPARRY | /stocks/eid-parry-india-EIDP | Sugar | 1,095.60 | 1,129.00 | 639.00 | 19,479.34 | 22.18 | 36.73 | 1.74 | 0.82 | 8.67 | 43.96 | 110.69 | 307.21 | Smallcap | Materials | Food Products | Fertilizers & Agricultural Chemicals | -1.71 |
| GAY | Gayatri Sugars Ltd | GAYATRI | /stocks/gayatri-sugars-GAY | Sugar | 12.49 | 26.50 | 7.02 | 92.81 | 86.73 | 36.73 | -1.46 | 0.00 | 0.00 | -43.69 | 243.13 | 1,257.61 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 4.40 |
| HANS | Shree Hanuman Sugar & Industries Ltd | HANSUGAR | /stocks/shree-hanuman-sugar-and-industries-HANS | Sugar | 5.65 | 15.61 | 4.75 | 10.45 | -24.31 | 36.73 | 0.07 | 0.00 | -0.17 | -63.81 | 8.86 | 160.37 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 1.25 |
| KCPS | KCP Sugar and Industries Corp Ltd | KCPSUGIND | /stocks/kcp-sugar-and-industries-corp-KCPS | Sugar | 35.77 | 61.40 | 31.11 | 405.58 | 28.18 | 36.73 | 0.92 | 0.28 | 16.31 | -18.94 | 70.33 | 124.97 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -1.60 |
| KHAI | Khaitan (India) Ltd | KHAITANLTD | /stocks/khaitan-india-KHAI | Sugar | 123.42 | 167.50 | 71.56 | 60.20 | 8.62 | 36.73 | 2.97 | 0.00 | 6.95 | 55.54 | 164.57 | 570.76 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 1.56 |
| KMSU | K M Sugar Mills Ltd | KMSUGAR | /stocks/k-m-sugar-mills-KMSU | Sugar | 28.82 | 46.50 | 25.30 | 265.14 | 7.46 | 36.73 | 0.87 | 0.00 | 9.71 | -32.79 | 3.48 | 218.45 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.10 |
| KSRE | Kesar Enterprises Ltd | KESARENT | /stocks/kesar-enterprises-KSRE | Sugar | 76.55 | 187.00 | 61.00 | 77.16 | -1.06 | 36.73 | 0.40 | 0.00 | 66.48 | -58.02 | -6.59 | 165.80 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.12 |
| KTSG | Kothari Sugars and Chemicals Ltd | KOTARISUG | /stocks/kothari-sugars-and-chemicals-KTSG | Sugar | 37.57 | 63.15 | 31.30 | 311.41 | 29.89 | 36.73 | 1.12 | 0.00 | 11.00 | -36.09 | 13.50 | 170.29 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.27 |
| MAWS | Mawana Sugars Ltd | MAWANASUG | /stocks/mawana-sugars-MAWS | Sugar | 100.45 | 137.00 | 78.43 | 392.93 | 3.59 | 36.73 | 0.80 | 3.98 | 24.26 | -19.37 | 0.40 | 225.08 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.27 |
| MGAD | Magadh Sugar & Energy Ltd | MAGADSUGAR | /stocks/magadh-sugar-and-energy-MGAD | Sugar | 645.85 | 1,010.00 | 440.05 | 910.11 | 8.32 | 36.73 | 1.22 | 1.94 | 16.81 | -15.41 | 101.23 | 384.87 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 2.07 |
| OSW | Oswal Overseas Ltd | OSWALOR | /stocks/oswal-overseas-OSW | Sugar | 30.88 | 30.88 | 5.14 | 39.90 | -3.22 | 36.73 | 3.34 | 0.00 | -37.18 | 500.78 | 702.08 | 865.00 | Smallcap | null | Food Products | null | 1.98 |
| OSWAL | Indian Sucrose Ltd | INDSUCR | /stocks/indian-sucrose-OSWAL | Sugar | 112.55 | 166.80 | 79.00 | 195.57 | 5.10 | 36.73 | 0.91 | 0.00 | 16.53 | -1.87 | 92.72 | 368.96 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.88 |
| PARVA | Parvati Sweetners and Power Ltd | PARVATI | /stocks/parvati-sweetners-and-power-PARVA | Sugar | 8.04 | 12.45 | 6.24 | 119.91 | 206.74 | 36.73 | 1.18 | 0.00 | 1.42 | -35.06 | -6.77 | 595.88 | Smallcap | null | Food Products | null | 1.77 |
| PICC | Piccadily Agro Industries Ltd | PICCADIL | /stocks/piccadily-agro-industries-PICC | Sugar | 600.45 | 1,019.90 | 483.45 | 5,436.55 | 53.12 | 36.73 | 16.00 | 0.00 | 38.43 | -24.26 | 1,549.59 | 5,874.63 | Smallcap | Food, Beverage & Tobacco | Food Products | Distillers & Vintners | 0.83 |
| PONS | Ponni Sugars (Erode) Ltd | PONNIERODE | /stocks/ponni-sugars-erode-PONS | Sugar | 332.55 | 598.90 | 267.00 | 285.94 | 14.83 | 36.73 | 0.54 | 0.90 | 3.56 | -37.27 | 35.82 | 115.10 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | -0.05 |
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.
Note: The data on this list of ethanol stocks is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
What are Ethanol Stocks?
Ethanol stocks are shares in companies that produce, manufacture or distribute ethanol fuel. Ethanol is mainly derived from corn, sugarcane, and other plant materials and is commonly blended with petrol to create a cleaner-burning fuel. These ethanol stocks with government support India can include agricultural firms that grow raw materials, manufacturers operating ethanol plants, and energy firms that distribute the final product.
Latest Updates in the Ethanol Sector
- India has achieved the 20% ethanol blending milestone ahead of schedule: The government has confirmed that the country is on track to meet the 20% ethanol blending target by October 2025, originally set for 2030.
- Major savings on crude oil imports: Blending ethanol with petrol helps reduce India’s dependence on imported crude oil. The government estimates savings of ₹1–1.5 lakh cr. in foreign exchange due to blending so far.
- Unused capacity offers room for growth: Of the 1,700 cr. litres of installed ethanol production capacity in India, only about 1,100 cr. litres are currently being used. This indicates a room for further ethanol industry growth India.
- Strong policy support: The National Biofuel Policy allows for flexible feedstock use (like sugarcane juice, broken rice, maize) and provides tax benefits, interest subsidies, and long-term purchase agreements from oil companies.
About the Top Ethanol Stocks
- Piccadily Agro Industries Ltd: Piccadily Agro Industries Ltd, incorporated in 1994, operates in agro-based industries with a primary focus on sugar manufacturing and alcoholic beverages, particularly Indian Made Foreign Liquor (IMFL).
- Sir Shadi Lal Enterprises Ltd: Sir Shadi Lal Enterprises Ltd, established in 1933, operates in the sugar industry and is involved in distillery operations.
- Prudential Sugar Corp Ltd: Prudential Sugar Corp Ltd, incorporated in 1990, is engaged in the production of sugar and related products.
- E I D-Parry (India) Ltd: E I D-Parry (India) Ltd, incorporated in 1788, is one of the oldest companies in India and a leading player in the sugar industry. It is part of the Murugappa Group and operates multiple sugar mills across India.
- Indian Sucrose Ltd: Indian Sucrose Ltd, incorporated in 1990, is engaged in the production of sugar and related by-products. Indian Sucrose also generates electricity through cogeneration using bagasse, a by-product of sugarcane processing.
How to Invest in Ethanol Stocks in India?
Here is how one can invest in ethanol stocks in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into existing and emerging ethanol companies India that are of interest to you. Investors can use tools like the Tickertape Stock Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research.
- Place a ‘Buy’ Order on the ethanol sector stocks India of your choosing.
Benefits of Investing in Ethanol Stocks
- Environmentally Friendly: Ethanol is a clean-burning fuel that emits fewer greenhouse gases and pollutants than traditional gasoline. As a result, ethanol shares are popular among environmentally conscious investors.
- High Demand: Experts anticipate a significant increase in demand for ethanol stocks in the coming years, driven by the growing need for alternative fuels. Ethanol producers in India and other countries are in an ideal position to benefit from this trend.
- Government Support: To promote the use of ethanol as a fuel source, many governments around the world offer incentives and subsidies.
Risks Associated with Investing in Ethanol Stocks
- Fluctuating Prices: The commodity price of corn significantly influences ethanol stocks, as it is the primary source of ethanol production. The prices of corn and ethanol are volatile and subject to fluctuation. This makes it challenging for you to predict future returns.
- Competition from Alternatives: Other alternative sources of fuel, such as electric vehicles and hydrogen fuel cells, are intensively competing with ethanol producers and manufacturers in India. This competition from biofuel stocks India can limit the demand for ethanol shares and simultaneously impact their growth potential.
- Political and Regulatory Risks: Ethanol stocks India are also vulnerable to political and regulatory risks. Changes in government policies and regulations can have a significant impact on ethanol investment opportunities India.
Factors to Consider When Investing in Ethanol Stocks
- Policy Support and Regulatory Framework: The production and demand of ethanol heavily depend on government policies, including blending mandates, subsidies, and tax incentives. In India, programmes like the Ethanol Blended Petrol (EBP) scheme and the National Biofuel Policy play a central role in shaping the industry’s growth.
- Feedstock Availability and Cost Structure: The profitability of ethanol stocks with low debt equity ratio India is closely tied to the availability and pricing of raw materials like sugarcane, maize, or rice.
- Blending Demand and Crude Oil Prices: As ethanol serves as an alternative fuel, demand is closely linked to gasoline consumption and trends in crude oil prices. Higher crude prices typically improve the competitiveness of ethanol, while a drop in oil prices may reduce the incentive for blending.
- Ethanol Production Capacity India: Top ethanol companies India with integrated operations and efficient distilleries can benefit from lower costs and better scalability.
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To Wrap It Up…
With the 20% blending target within reach ahead of schedule, ethanol stocks have gained attention for their role in this transition. Government policy, robust domestic demand, and increasing private sector investment have created a foundation for continued momentum. While the sector offers strong tailwinds, its trajectory will depend on how producers manage feedstock constraints, navigate policy shifts, and scale operations sustainably.
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Frequently Asked Questions About Ethanol Stocks
1. Is it good to invest in the best ethanol stocks India?
Compared to crude oil and other fuels, Ethanol stands as a more environmentally friendly energy source, leading to higher demand, particularly in nations like China, which has a growing preference for biofuels. However, investing in any stock comes with market risks and so investors should always conduct research and/or consult a financial advisor before investing.
2. Why are ethanol stocks popular right now?
India is close to meeting its target of mixing 20% ethanol with petrol. This has created more demand for ethanol and helped related ethanol stocks for long-term investment India grow.
3. Do global oil prices affect ethanol companies?
Yes. If petrol prices fall, ethanol becomes less competitive. High oil prices make ethanol blending more attractive and affect the ethanol stock market performance India.
4. What is ethanol blending?
Ethanol blending India is the process of mixing ethanol with petrol to reduce the amount of crude oil India needs to import.
5. How does ethanol benefit the Indian economy?
Ethanol supports farmers by increasing demand for crops. It also reduces India’s fuel import bill and lowers the country’s carbon emissions.
