Best Ethanol Stocks in India for August 2026: Dalmia Bharat, EID Parry, Balrampur Chini and More

India's ethanol industry has gained attention due to the government's ethanol blending programme and the growing focus on cleaner fuels. Several sugar, biofuel, and engineering companies are involved in ethanol production or supplying equipment for the sector, making them part of the broader ethanol theme.
Investors often evaluate ethanol-related companies using parameters such as market capitalisation, valuation, historical returns, and profitability. The lists below rank ethanol stocks based on different financial metrics.
Best Ethanol Stocks by Market Capitalisation
Larger companies generally have diversified operations and a stronger market presence.
Company | Market Capitalisation (₹ crore) |
33,986.96 | |
14,054.93 | |
13,816.88 | |
5,906.86 | |
5,377.95 |
Best Ethanol Stocks by PE Ratio
A lower Price-to-Earnings (PE) ratio may indicate relatively lower valuations, although it should always be assessed along with business fundamentals.
Company | PE Ratio |
18.40 | |
Triveni Engineering & Industries | 20.53 |
EID Parry | 21.44 |
29.66 | |
30.57 |
Best Ethanol Stocks by 1-Year Returns
The following companies delivered the highest one-year returns among the stocks considered.
Company | 1-Year Return (%) |
Avadh Sugar | 24.78 |
M.V.K. Agro Food Product | 17.71 |
Balrampur Chini | 13.38 |
Triveni Engineering & Industries | 11.61 |
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Ethanol Stocks Trading Closest to Their 52-Week High
As of August 4, 2026, stocks trading closer to their 52-week high may indicate relatively stronger price momentum.
Company | Down From 52-Week High (%) |
Balrampur Chini | 1.73 |
Avadh Sugar | 3.61 |
Bannari Amman Sugars | 14.67 |
Triveni Engineering & Industries | 17.42 |
23.76 |
Best Ethanol Stocks by ROCE and ROE
Return on Capital Employed (ROCE) measures how efficiently a company uses its capital, while Return on Equity (ROE) indicates how effectively it generates returns for shareholders.
Based on ROCE
Company | ROCE (%) |
EID Parry | 16.96 |
M.V.K. Agro Food Product | 14.37 |
Bannari Amman Sugars | 9.32 |
Balrampur Chini | 9.28 |
Dalmia Bharat | 7.59 |
Based on ROE
Company | ROE (%) |
M.V.K. Agro Food Product | 17.26 |
Balrampur Chini | 9.54 |
Bannari Amman Sugars | 8.01 |
EID Parry | 7.85 |
Triveni Engineering & Industries | 6.13 |
Conclusion
The ethanol sector includes companies engaged in sugar manufacturing, ethanol production, bio-refining, and ethanol plant engineering. The ethanol sector includes companies engaged in sugar manufacturing, ethanol production, bio-refining, and ethanol plant engineering. Investors can evaluate companies using multiple parameters such as market capitalisation, PE ratio, one-year returns, distance from 52-week highs, ROE, and ROCE, rather than relying on a single metric.
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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.
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Published on: Aug 4, 2026, 2:36 PM IST

Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
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