India's sugar and ethanol industries play a major role in the rural economy by supporting millions of farmers and creating jobs in related areas. As the world’s second-largest sugar producer and a leading ethanol maker, India’s push for ethanol-blended fuel has opened new doors for investment in this space.
Here’s a look at some of the top ethanol-related stocks in June 2025, based on their 5-year CAGR (Compound Annual Growth Rate), market cap and 1-year return.
Name | Market Cap (₹ in crore) | PE Ratio | ↓5Y CAGR (%) | 1Y Return (%) |
Triveni Engineering and Industries Ltd | 9,292.22 | 23.52 | 59.4 | 23.85 |
Magadh Sugar & Energy Ltd | 1,018.54 | 9.31 | 52.05 | 11.03 |
Dalmia Bharat Sugar and Industries Ltd | 3,486.87 | 9.02 | 44.75 | 14.59 |
E I D-Parry (India) Ltd | 17,512.94 | 19.94 | 41.43 | 56.09 |
Balrampur Chini Mills Ltd | 11,269.18 | 25.79 | 41.17 | 46.8 |
Note: The list of best ethanol stocks in June 2025 above is sorted based on 5-year CAGR and reflects data as of May 28, 2025.
Triveni Engineering and Industries is a well-diversified and integrated company with operations in sugar, ethanol, and engineering. The company ranks among the top three sugar producers in India and is the second-largest supplier of ethanol in the country.
The company reported a total income of ₹1,624.20 crore for the December 2024 quarter. The company posted a profit of ₹42.57 crore, a turnaround from a ₹22.42 crore loss in the previous quarter, though significantly lower than the ₹137.40 crore profit recorded in the same period last year.
Key metrics:
Founded in 2015, Magadh Sugar & Energy Ltd (MSEL) is engaged in the production and sale of sugar, along with its by-products. The company also manufactures denatured spirits and alcohol of varying strengths and is involved in power generation activities.
For the quarter ending December 2024, Magadh Sugar & Energy Ltd reported a revenue of ₹283.84 crore and a net profit of ₹21.15 crore. In the previous quarter (September 2024), the company recorded ₹323.85 crore in revenue and ₹5.37 crore in net profit.
Key metrics:
Dalmia Bharat Sugar & Industries, one of the youngest yet largest sugar producers in India, continues to grow rapidly with operations spread across Uttar Pradesh and Maharashtra.
For the quarter ended December 2024, the company reported a revenue of ₹840.11 crore, a decline from ₹923.33 crore recorded in the September 2024 quarter. Net profit stood at ₹70.33 crore, slightly lower than the ₹73.71 crore reported in the previous quarter.
Key metrics:
EID Parry Limited, based in Chennai, is a publicly listed Indian company involved in producing and selling sugar and bio-products. Established in 1788, it holds the distinction of being the oldest continuously operating business name in Chennai.
For the quarter ending December 31, 2024, the company posted a consolidated operating revenue of ₹8,720 crore, reflecting a 12% increase from ₹7,770 crore in the year-ago period. Consolidated profit after tax and minority interest rose to ₹195 crore, up from ₹118 crore during the same quarter last year.
Key metrics:
Balrampur Chini Mills Limited (BCML) ranks among India’s largest integrated sugar producers. Its key allied businesses include distillery operations and power cogeneration.
The company reported an operating revenue of ₹1,192.15 crore for the quarter ended December 2024. However, the company’s EBITDA (excluding other income) grew by 9.2%, reaching ₹123.78 crore, up from ₹113.39 crore in the year-ago period.
Key metrics:
Name | ↓Market Cap (₹ in crore) | PE Ratio | 5Y CAGR (%) | 1Y Return (%) |
E I D-Parry (India) Ltd | 17,512.94 | 19.94 | 41.43 | 56.09 |
Balrampur Chini Mills Ltd | 11,269.18 | 25.79 | 41.17 | 46.8 |
Triveni Engineering and Industries Ltd | 9,292.22 | 23.52 | 59.4 | 23.85 |
Bannari Amman Sugars Ltd | 5,346.93 | 35.11 | 37.61 | 76.8 |
Dalmia Bharat Sugar and Industries Ltd | 3,486.87 | 9.02 | 44.75 | 14.59 |
Note: The list of best ethanol stocks in June 2025 above is sorted based on market cap and reflects data as of May 28, 2025.
Name | Market Cap (₹ in crore) | PE Ratio | 5Y CAGR (%) | ↓1Y Return (%) |
Bannari Amman Sugars Ltd | 5,346.93 | 35.11 | 37.61 | 76.8 |
E I D-Parry (India) Ltd | 17,512.94 | 19.94 | 41.43 | 56.09 |
Balrampur Chini Mills Ltd | 11,269.18 | 25.79 | 41.17 | 46.8 |
Triveni Engineering and Industries Ltd | 9,292.22 | 23.52 | 59.4 | 23.85 |
Dalmia Bharat Sugar and Industries Ltd | 3,486.87 | 9.02 | 44.75 | 14.59 |
Note: The list of best ethanol stocks in June 2025 above is sorted based on 1-year return and reflects data as of May 28, 2025.
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Ethanol relies on sugarcane and grains; weather and supply issues can impact costs and margins.
Ethanol demand rises with fuel consumption, though EV growth may slow future trends.
Look at revenue, profit margins, and debt to gauge company stability and growth potential.
Environmental laws and export limits affect pricing and production; sustainability is key.
Firms investing in advanced biofuel tech and efficient processes may outperform in the long run.
With India targeting ethanol blending, companies like Triveni Engineering, Balrampur Chini, and EID Parry are well-positioned for long-term growth. Investors should track government policies, raw material trends, and financial performance to make informed decisions in this fast-evolving green fuel segment.
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: May 28, 2025, 4:39 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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