Ethanol, a versatile biofuel, is produced through natural fermentation of sugars by yeasts or via petrochemical processes like ethylene hydration. As of November 30, 2023, India’s ethanol production capacity stood at ~1,380 crore litres, with 875 crore litres sourced from molasses and 505 crore litres from grain. In this article, check the best ethanol stocks in India in August 2025, based on 5yr CAGR and other parameters.
| Name | Market Cap (₹ in crore) | 5Y CAGR (%) |
| Piccadily Agro Industries Ltd | 5,679.22 | 139.92 |
| Triveni Engineering and Industries Ltd | 8,139.72 | 46.75 |
| Balrampur Chini Mills Ltd | 12,361.47 | 36.73 |
| Bajaj Hindusthan Sugar Ltd | 3,313.96 | 33.91 |
| E I D-Parry (India) Ltd | 20,759.47 | 32.52 |
| Dalmia Bharat Sugar and Industries Ltd | 3,160.68 | 27.45 |
| Bannari Amman Sugars Ltd | 4,709.54 | 25.25 |
Note: The list of best ethanol stocks above is sorted based on 5-year CAGR and reflects data as of July 24, 2025.
Piccadily Agro Industries Ltd (PAIL), incorporated in 1994, began its commercial operations in 1997 as a sugar processing company. For FY 2024–25, on a standalone basis, Piccadily Agro Industries Ltd reported a revenue from operations of ₹893 crore, marking an 8% increase from ₹829 crore in FY 2023–24. Profit Before Tax (PBT) stood at ₹144.2 crore, reflecting a 21.5% growth compared to ₹118.7 crore in the previous fiscal year (before exceptional items).
Key metrics:
Triveni Engineering and Industries Ltd is an integrated and diversified conglomerate in areas of sugar, ethanol and engineering. For FY 2024–25, the company recorded gross revenue from operations of ₹6,807.9 crore, up 10.7% from ₹6,151.4 crore in FY 2023–24. However, Profit After Tax (PAT) declined sharply by 39.7%, falling to ₹238.3 crore from ₹395.2 crore in the previous fiscal year.
Key metrics:
Balrampur Chini Mills Limited (BCML) is amongst the largest integrated sugar companies in India. In FY25, the company reported revenue from operations of ₹5,415.38 crore, down 3.19% from ₹5,593.74 crore in FY24. EBITDA (excluding other income) stood at ₹704.24 crore, a decline of 10.42% from ₹786.17 crore in the previous year.
Key metrics:
Bajaj Hindusthan Sugar Limited (BHSL) is involved in producing sugar, alcohol, and ethanol, along with power generation. In FY25, the company reported total income of ₹5,592.79 crore, down from ₹6,146.33 crore in FY24. Net profit stood at -₹24.78 crore, a decline from -₹86.92 crore in the previous year.
Key metrics:
EID Parry is involved in sugar, nutraceuticals and ethanol production. For the year ended 31st March 2025, the company reported consolidated revenue from operations of ₹31,609 crore, up from ₹29,413 crore in the previous year. However, consolidated profit after tax and non-controlling interest stood at ₹878 crore, slightly lower than ₹900 crore recorded in the prior year.
Key metrics:
| Name | Net Profit Margin (%) |
| Piccadily Agro Industries Ltd | 12.41 |
| Dalmia Bharat Sugar and Industries Ltd | 10.12 |
| Balrampur Chini Mills Ltd | 7.89 |
| Bannari Amman Sugars Ltd | 5.75 |
| Triveni Engineering and Industries Ltd | 4.23 |
Note: The list of best ethanol stocks above is sorted based on net profit margin and reflects data as of July 24, 2025.
| Name | Return on Investment (%) |
| PiccadilyAgro Industries Ltd | 24.53 |
| Balrampur Chini Mills Ltd | 11.42 |
| Dalmia Bharat Sugar and Industries Ltd | 10.51 |
| Triveni Engineering and Industries Ltd | 10.42 |
| Bannari Amman Sugars Ltd | 8.46 |
Note: The list of best ethanol stocks above is sorted based on return on investment and reflects data as of July 24, 2025.
India continues to expand its ethanol production capacity and promote cleaner energy alternatives. Investors can make informed choices while aligning their portfolios with the nation’s push toward sustainable fuel solutions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 24, 2025, 2:30 PM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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