Best Ethanol Stocks in India for January 2026: Triveni Engineering, Globus Spirits, EID Parry and More

The demand for ethanol as a fuel in India is mainly supported by the government’s ethanol-blending policy, easy availability of ethanol-blended petrol, and the fact that most vehicles can run on such fuel. India has a very large vehicle base, with around 220 million two- and three-wheelers and nearly 36 million four-wheelers, which creates strong long-term demand for ethanol.

India’s petrol consumption is estimated at about 698 crore litres in FY24. If the government’s blending targets are achieved as planned, ethanol demand could increase to nearly 1,016 crore litres by the end of the ethanol supply year FY26.

In this article, we look at the top ethanol-related stocks in India for January 2026, selected based on their 5-year CAGR performance, market cap and ROE.

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

Note: The best ethanol stocks list for Jan 2026 is sorted based on a 5-Year CAGR and market cap of at least ₹1,000 Crore as of Jan 07, 2026.

Overview of Top Ethanol Stocks in Jan 2026

1. Triveni Engineering and Industries Ltd

Triveni Engineering and Industries Ltd is a well-diversified and integrated company with operations spanning sugar, ethanol, and engineering. It is strategically located in the sugarcane-rich western and central regions of Uttar Pradesh. The company ranks among India’s top three sugar producers and is the second-largest supplier of ethanol in the country.

Key Metrics: 

• ROE: 8.65 %
• ROCE: 8.13%

2. Globus Spirits Limited

Globus Spirits Limited, founded in 1992, is mainly involved in the manufacturing and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), bulk alcohol, hand sanitisers, and franchise bottling. The company operates on a unique 360° business model that covers the entire alcohol value chain. It was also the first company in India to establish a grain-based distillery and introduce branded DDGS in the market.

Key Metrics: 

• ROE: 5.80 %
• ROCE: 2.54%

3. EID Parry

EID Parry operates across sugar, ethanol, and nutraceuticals, and also has a strong presence in the farm inputs segment. Through its subsidiary, Coromandel International Limited, the company is actively involved in products such as bio-pesticides and other agricultural inputs.

Key Metrics: 

• ROE: 16.6 %
• ROCE: 9.54%

Best Ethanol Stocks for Jan 2026 – Based on Market Cap

Note: The best ethanol stocks list for Jan 2026 is sorted based on market cap and market cap of at least ₹1,000 Crore as of Jan 07, 2026.

Best Ethanol Stocks for Jan 2026 – Based on ROE

Note: The best ethanol stocks list for Jan 2026 is sorted based on ROE and market cap of at least ₹1,000 Crore as of Jan 07, 2026.

Conclusion

India’s ethanol sector is set for strong growth, supported by government-friendly policies, higher blending targets, and the use of multiple raw materials. As the number of vehicles and fuel usage increases, ethanol demand is likely to rise 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 the securities market are subject to market risks, read all the related documents carefully before investing.