Best Ethanol Stocks in India For April 2025 Based on 5Y CAGR

The Indian sugar industry is a key contributor to the rural economy, supporting millions of sugarcane farmers and employing around 5 lakh workers in sugar mills. As the world’s largest sugar consumer and the second-largest producer, India’s sugar sector presents strong investment opportunities. This article highlights the top sugar sector stocks in India for April 2025, selected based on their 5-year CAGR, net profit margin, and debt-to-equity ratio.

Best Ethanol Stocks in India for April 2025 – Based on 5yr CAGR

Note: This list of top sugar stocks is based on data as of March 27, 2024. The selected stocks have a market cap above ₹1,000 crore, positive 1-year returns, and are ranked by 5-year CAGR.

Overview of the Best Ethanol Stocks in India for April 2025

1. Piccadily Agro Industries Ltd (PAIL)

Piccadily Agro Industries Ltd (PAIL) is engaged in the production and sale of malt spirits in India. The company also manufactures ethanol, Extra Neutral Alcohol (ENA), and white crystal sugar.

In Q3 FY24-25, PAIL reported a standalone Profit After Tax (PAT) of ₹25.04 crore, reflecting a 32.14% increase year-on-year. EBITDA rose by 46.07% to ₹50.86 crore compared to Q3 FY23-24. The company’s total revenue for the quarter stood at ₹208.32 crore, while the Net Profit Margin improved to 12.02%, marking a 21.78% year-on-year growth.

Key metrics:

• Earning per Share (EPS): 11.43%
• Return on Equity (ROE): 17.83%

2. Triveni Engineering and Industries Ltd

Triveni Engineering and Industries Ltd is one of India’s leading integrated sugar manufacturers. For the quarter ending December 31, 2024, the company reported a total income of ₹1,624.20 crore. This was lower than the ₹1,762.01 crore recorded in the previous quarter (September 30, 2024) but higher than ₹1,575.55 crore in the same period last year. 

The company posted a profit of ₹42.57 crore for the quarter, rebounding from a ₹22.42 crore loss in the previous quarter. However, this was a significant decline compared to the ₹137.40 crore profit reported in the corresponding quarter of the previous year.

Key metrics:

• Earning per Share (EPS): 10.65%
• Return on Equity (ROE): 8.11%

3. Dalmia Bharat Sugar & Industries

Dalmia Bharat Sugar & Industries is primarily involved in sugar production, power generation, industrial alcohol manufacturing, and refractory product manufacturing. It is one of India’s largest and youngest sugar companies, experiencing rapid growth with operations in Uttar Pradesh and Maharashtra.

For the quarter ending December 2024, Dalmia Bharat Sugar & Industries reported a revenue of ₹840.11 crore, compared to ₹923.33 crore in the previous quarter (September 2024). The company’s net profit stood at ₹70.33 crore, slightly lower than ₹73.71 crore recorded in the previous quarter. 

Key metrics:

• Earning per Share (EPS): 36.96%
• Return on Equity (ROE): 9.81%

4. Balrampur Chini Mills Ltd

Balrampur Chini Mills Ltd (BCML), one of India’s leading integrated sugar companies, reported revenue from operations of ₹1,192.15 crore for the quarter ending December 2024. 

This marks a 3.1% decline compared to ₹1,230.39 crore in the same quarter of the previous year. However, EBITDA (excluding other income) increased by 9.2% to ₹123.78 crore, up from ₹113.39 crore in the corresponding period last year.

Key metrics:

• Earning per Share (EPS): 15.91%
• Return on Equity (ROE): 9.58%

5. E.I.D. Parry (India) Ltd

E.I.D. Parry (India) Ltd, a part of the Murugappa Group, is engaged in sugar manufacturing in India. 

For the quarter ending December 31, 2024, the company reported consolidated revenue from operations of ₹8,720 crore, marking a 12% rise from ₹7,770 crore in the same quarter of the previous year. Consolidated profit after tax and non-controlling interest increased to ₹195 crore, compared to ₹118 crore in the corresponding period last year.

Key metrics:

• Earning per Share (EPS): -6.55%
• Return on Equity (ROE): -4.00%

Best Ethanol Stocks in India for April 2025 Based on Net Margin

Note: The best sugar stocks list provided here is as of March 27, 2024. The stocks selected have a market cap of more than ₹1,000 crore and are sorted as per their net profit margin. 

Best Ethanol Stocks in April 2025 Based on Debt to Equity Ratio

Note: The best sugar stocks list provided here is as of March 27, 2024. The stocks selected have a market cap of more than ₹1,000 crore and are sorted as per their debt-to-equity ratio. 

Should You Invest in Ethanol Stocks?

Investing in ethanol stocks requires careful consideration, as the industry faces challenges such as fluctuating commodity prices, regulatory shifts, and competition from alternative energy sources. While the sector has promising growth potential, stock performance is largely influenced by government policies, market dynamics, and technological advancements.

Conclusion

Ethanol is a versatile fuel with the potential to drive economic and environmental benefits. Its increased adoption can help reduce oil imports and support sustainability. However, before investing in top ethanol stocks in India, it is essential to assess the key market factors that impact the industry.

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.