Best Ethanol Stocks in India for February 2026: Triveni Engineering, EID Parry and More Based on 5-Yr CAGR

Ethanol demand in India is largely driven by the government’s ethanol-blending programme, the easy availability of blended petrol, and the ability of most vehicles to use this fuel. The country also has a huge vehicle population, with about 220 million two- and three-wheelers and nearly 36 million four-wheelers, supporting strong long-term ethanol consumption.

Petrol usage in India was estimated at around 698 crore litres in FY24. If the government meets its blending targets as expected, ethanol demand may rise to nearly 1,016 crore litres by the end of the ethanol supply year FY26.

This article highlights some of the leading ethanol-related stocks in India for February 2026, chosen based on their 5-year CAGR, market capitalisation, and 1-year return.

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

Note: The best ethanol stocks list for Feb 2026 is sorted based on a 5-Year CAGR and market cap of at least ₹1,000 Crore as of Feb 16, 2026.

Overview of Top Ethanol Stocks in Feb 2026

1. Triveni Engineering and Industries Ltd

Triveni Engineering and Industries Ltd is a diversified and integrated conglomerate operating across the sugar, ethanol, and engineering segments. The company’s facilities are strategically located in the sugarcane-rich western and central regions of Uttar Pradesh. It ranks among the top 3 sugar producers in India and is also the second-largest supplier of ethanol in the country.

Key Metrics: 

• ROCE: 8.65 %
• ROE: 8.13 %

2. Balrampur Chini Mills Limited

Balrampur Chini Mills Limited is one of the largest integrated sugar manufacturers in India. Along with sugar production, the company is involved in related businesses such as distillery operations and power cogeneration. Known for its operational efficiency, BCML has steadily expanded its capacity through carefully planned expansion projects and strategic acquisitions in recent years.

Key Metrics: 

• ROCE: 10.2 %
• ROE: 11.0 %

3. EID Parry (India) Limited

EID Parry (India) Limited operates across multiple segments, including sugar, ethanol, and nutraceuticals. The company also has a strong presence in the farm inputs sector, particularly in bio-pesticides, through its subsidiary, Coromandel International Limited, strengthening its role in India’s agricultural value chain.

Key Metrics: 

• ROCE: 16.6 %
• ROE: 9.54 %

Best Ethanol Stocks for Feb 2026 – Based on Market Cap

Note: The best ethanol stocks list for Feb 2026 is sorted based on a market cap and market cap of at least ₹1,000 Crore as of Feb 16, 2026.

Best Ethanol Stocks for Feb 2026 – Based on 1-Yr Return

Note: The best ethanol stocks list for Feb 2026 is sorted based on a 1-Year return and market cap of at least ₹1,000 Crore as of Feb 16, 2026.

Read More: Best Waste Management and Recycling Stocks in February 2026: Ion Exchange, & Others Based on EPS and 5Y CAGR! 

Conclusion

India’s ethanol industry is expected to grow strongly, backed by supportive government policies, rising blending targets, and the use of diverse feedstocks. With the increasing number of vehicles and higher fuel consumption, demand for ethanol is likely to continue expanding steadily in the coming years.

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.