Best Ethanol Stocks

Identify ethanol stocks benefiting from government-led blending mandates and fuel diversification.

Name	Price (Rs)	Market Cap (Rs Cr)	ROE (%)	ROCE (%)	Debt/Eq (x)	Sales var 3yrs (%)	Profit var 3yrs (%)	P/E (x)	P/BV (x)	EV/EBITDA (x)
Balrampur Chini Mills	443.00	8,946.40	11.51	13.57	0.69	3.77	-2.11	22.09	2.28	17.24
Triveni Engineering & Industries	372.30	8,149.57	7.81	10.84	0.63	9.86	-17.35	27.40	2.64	19.44
Piccadily Agro Industries	588.00	5,795.88	15.04	20.09	0.45	12.57	51.83	43.68	7.20	29.49
Shree Renuka Sugars	24.68	5,253.11	0.00	25.50	-3.50	19.27	NM	NM	NM	16.03
Bannari Amman Sugars	3,710.20	4,652.48	5.88	9.24	0.08	-3.55	9.38	38.16	2.55	20.56
Globus Spirits	933.15	2,695.71	2.35	6.31	0.52	NM	NM	35.47	2.61	21.66
Dalmia Bharat Sugar and Industries	286.05	2,315.27	9.29	11.60	0.49	2.58	0.26	8.52	0.76	6.76
Bajaj Hindusthan Sugar	16.17	2,065.49	-0.57	1.01	0.87	-0.01	NM	NM	0.54	19.30
Uttam Sugar Mills	215.20	820.73	11.22	17.05	1.06	NM	NM	7.36	1.04	8.32
Dhampur Sugar Mills	117.70	769.61	4.53	8.82	0.79	0.91	-28.70	11.28	0.68	8.37
Dwarikesh Sugar Industries	34.13	632.43	2.89	7.19	0.62	-11.70	-46.83	42.02	0.84	9.21

Data Source: Dion Global
Note: Company data is consolidated; Exceptional items, minority interest excluded

Feb 6, 2026, 4:01 PM IST

The largest company, by revenues, in the Ethanol sector is Shree Renuka Sugars. Its revenues for the most recent year ended is Rs 10,914.30 cr.

Shree Renuka Sugars has a market capitalisation of Rs 5,253.11 cr. Over the previous 12 months, Shree Renuka Sugars’s share price declined 32.86%.

You can get the latest share price and detailed financials of Shree Renuka Sugars here.

Also, you can see the latest share price performance of all ethanol stocks here.

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Why Use This Screener?

This screener helps investors keep track of companies connected to India’s energy security goals.

Government Blending Targets

The ethanol blending targets from the government create assured demand for manufacturers.

Sugar and Agri Linkages

Ethanol production helps improve margins and cash flows for sugar companies .

Import Substitution Benefits

High domestic ethanol production reduces the dependence on crude oil imports.

FAQs on Best Ethanol Stocks

Why is ethanol blending important?

Government-led ethanol blending reduces fuel imports, supports farmers, and lowers emissions.

Which companies benefit most from ethanol?

Sugar companies like Balrampur Chini Mills , Triveni Engineering & Industries , and distillery companies with integrated operations stand to benefit from ethanol production.