Best Ethanol Stocks in India for April 2026: Triveni Engineering, Shree Renuka Sugars and More Based on 5-Yr CAGR

Ethanol demand in India is mainly supported by the government’s ethanol-blending initiative, the growing availability of blended petrol, and the fact that most vehicles can run on this fuel. The country’s large vehicle base, around 220 million two and three-wheelers and nearly 36 million cars, also strengthens the long-term outlook for ethanol consumption.

Petrol consumption in the country was estimated at about 698 crore litres in FY24. If blending targets are achieved as planned, ethanol demand could increase to roughly 1,016 crore litres by the end of the ethanol supply year FY26.

This article focuses on some of the top ethanol-linked stocks in India for April 2026, selected based on their 5-year CAGR, market capitalisation, and ROE.

Best Ethanol Stocks for April 2026 – Based on 5 Year CAGR

Note: The best ethanol stocks list for April 2026 is sorted based on a 5-Year CAGR and market cap of at least ₹1,000 Crore as of April 15, 2026.

Overview of Best Ethanol Stocks for April 2026

1. Triveni Engineering and Industries

Triveni Engineering and Industries Ltd is a diversified and integrated group with businesses in sugar, ethanol, and engineering. Its operations are strategically based in the sugarcane-rich western and central regions of Uttar Pradesh. The company ranks among the top three sugar producers in India and is the second-largest supplier of ethanol in the country.

Key Metrics: 

• ROCE:8.65 %
• ROE:8.13 %

2. Shree Renuka Sugars 

Shree Renuka Sugars Ltd, incorporated in 1995, is involved in sugar manufacturing and refining, as well as producing ethyl alcohol and ethanol, along with power generation and sales. The sugar segment is the company’s largest contributor, accounting for about 92% of revenue in Q1 FY25 compared with 76% in FY22. 

Key Metrics: 

• ROCE:10.6 %
• ROE:NA

3. E I D-Parry (India)

E I D-Parry (India) Ltd operates in the sugar, nutraceuticals, and ethanol segments. It also has a strong presence in the farm inputs business, including bio-pesticides, through its subsidiary Coromandel International Limited.

Key Metrics: 

• ROCE:16.6 %
• ROE:9.54 %

Best Ethanol Stocks for April 2026 – Based on Market Cap

Note: The best ethanol stocks list for April 2026 is sorted based on a market cap and market cap of at least ₹1,000 Crore as of April 15, 2026.

Read More: Best Blue Chip Stocks For April 2026: Reliance Industries, HDFC Bank, Bharti Airtel and More Based on Market Cap!

Best Ethanol Stocks for April 2026 – Based on ROE

Note: The best ethanol stocks list for April 2026 is sorted based on a ROE and market cap of at least ₹1,000 Crore as of April 15, 2026.

Conclusion

India’s ethanol sector is set for strong growth, supported by favourable government policies, higher blending goals, and the use of multiple feedstocks. As the number of vehicles and fuel consumption rise, ethanol demand is expected to increase steadily in the years ahead.

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 securities market are subject to market risks, read all the related documents carefully before investing.