Best Ethanol Stocks With High FII Holdings – List And Insights
Best Ethanol Stocks With High FII Holdings: Unlocking the sweetness hidden in the Ethanol sector. Here we have the five best stocks operating in the Ethanol industry which are strategically analyzed, having been held by Foreign Institutional Investors(FII). In this article, we analyze the Best Ethanol Stocks with High FII Holdings and understand more about […] The post Best Ethanol Stocks With High FII Holdings – List And Insights appeared first on Trade Brains.
Best Ethanol Stocks With High FII Holdings: Unlocking the sweetness hidden in the Ethanol sector. Here we have the five best stocks operating in the Ethanol industry which are strategically analyzed, having been held by Foreign Institutional Investors(FII). In this article, we analyze the Best Ethanol Stocks with High FII Holdings and understand more about the company, financials and more…
Best Ethanol Stocks with High FII Holdings
Ethanol Stocks with High FII Holdings #1: Ponni Sugars (Erode)
Ponni Sugar (Erode) is one of the significant players in the sugar sector. Erode is a place in Tamil Nadu, India where the company has its sugar factory. Ponni Sugar Ltd can crush 3500 tonnes of sugarcane and can generate 19 MW of power every single day. Ponni Sugar Ltd earns 71% of its revenue from sugar and its by-products business, and 12% from power generation.
One more highlighting factor of Ponni Sugar (Erode) Ltd is that the company is completely debt-free. The Revenue from operations of Ponni Sugars Ltd shows an upward trend with an increase from 288 crores in FY 2022 to 435 crores in FY 2023. A year-on-year growth(YOY) of 51%.
The Net profits of the company increased from 29 Crores in FY 2022 to 38 Crores in FY 2023 which is an increase of 31.03%. The Return on equity(ROE)of the company on average of 3 years is at 8.90%. The Return on Capital Employed(ROCE) is at 10.43%.
Ponni Sugar Ltd with 22.85% has the one of the highest Foreign institutional investment (FII) in the entire sugar sector. The Promoters of the company are holding 42.36% as of December quarter 2023.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹466.00 | Market Cap (Crores) | ₹400.00 |
| EPS | ₹46.70 | Stock P/E | 9.93 |
| ROE | 9.34% | ROCE | 11.70% |
| Promoters Holding | 42.36% | FII Holding | 22.85% |
| Debt to Equity | 0 | P/B | 0.65 |
| Operating Profit Margin | 12.33% | Net profit margin | 8.51% |
Ethanol Stocks with High FII Holdings #2: Balrampur Chini Mills
Established in 1975, Balrampur Chini Mills is one of the largest sugar manufacturing companies in India. It is one of the first sugar companies in the country to diversify its business from sugar to distillery and cogeneration.
Balrampur Chini Mills manufactures a wide range of co-products ranging from Molasses, Alcohol, Ethanol, and Bagasse to Power Generation. The Company possesses a cane crushing capacity of 80,000 tonnes per day, a distillery capacity of 1050 KL per day, and a saleable co-generation capacity of 175.7 megawatts.
The revenue from operations of Balrampur Chini Mills Ltd decreased from 4846 crores in FY 2022 to 4666 crores in FY 2023. This is a decrease of 3.72% on a year-on-year (YOY) basis. The Net Profits of the company decreased from 465 crores in FY 2022 to 281 Crores in FY 2023 which is a fall of 39%.
The Return on Equity of Balrampur Chini Ltd stood at 9.8%. The Return on Capital Employed (ROCE) at 12.55% as of FY 2023. Foreign Institutional Investors (FII) hold 10.49% as of the December quarter of 2023 in the company. The promoters of Balrampur Chini Mills Ltd are holding 42.89%
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹ 371.35 | Market Cap (Crores) | ₹ 7,906.55 |
| EPS | ₹ 13.94 | Stock P/E | 14.65 |
| ROE | 9.80% | ROCE | 12.55% |
| Promoter Holding | 42.90% | FII Holding | 10% |
| Debt to Equity | 0.21 | P /B | 2.51 |
| Operating Profit Margin | 10.98% | Net Profit Margin | 5.91% |
Ethanol Stocks with High FII Holdings #3: EID Parry (India) Ltd
E.I.D Parry is one of the prominent key players in sugar & Ethanol which has its operations in the farm input business. The company also has its set up through its subsidiary in the Bio Pesticides handled by Coromandel International Limited.
Under this business, they have been able to develop and offer a unique neem extract, Azadirachtin which is having a good demand in the market. E.I.D in its Nutraceuticals business can position itself in a growing phase with a strong base in the market.
EIB Parry currently has a capacity of crushing 40,300 tonnes of sugarcane from its six sugar factories each day which results in a generation of 140 MW of power.
E.I.D Parry uses well-structured strategies to keep its business efficient and profitable some of them include increasing the volume of sugarcane and having control over the fixed cost.
It is clear from the income statement of the company that revenue from operations of the company saw a rise from 23,521 crores in FY 2022 to 35,244 crores in FY 2023 which is an annual increase of 49.84%. The Net Profits of the company increased from 1574 crores in FY 2022 to 1828 crores with an increase of 16.13%.
The Return on Equity(ROE) on an average of 3 years is at 29.49% which seems to be impressive for the investors. The Return on Capital Employed(ROCE) is at 34.11 % considering the average of three years. ROCE is higher than the ROE mainly because of the low debt presence in the company.
The company has Foreign Institutional holdings of 8.71% which can be considered as a good amount of foreign share holdings. The promoters of E.I.D Parry Ltd hold 42.24% as of December quarter 2023.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹583.00 | Market Cap (Crores) | ₹10,343.00 |
| EPS | ₹48.40 | Stock P/E | 12 |
| ROE | 16.20% | ROCE | 27.40% |
| Promoters Holding | 42.20% | FII Holding | 8.71% |
| Debt to Equity | 0.13 | P/B | 1.53 |
| Operating Profit Margin | 9.25% | Net profit margin | 5.16% |
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Ethanol Stocks with High FII Holdings #4: Dhampur Sugar Mills
Dhampur Sugar Mills is one of the major and leading companies operating in the integrated sugarcane processing business. The management of the company with proper planning and execution was able to expand the business and increase its portfolio.
Currently, the company goes beyond sugar and is operating in renewable power, ethanol, alcohol, and other chemicals based on alcohol. The company earns a major portion of its revenue from sugar which contributes 57% towards revenue. The other two contributors are potable spirits and ethanol with 17% and 15% respectively.
The Income statement shows its revenue from operations increasing from 1904 crores in FY 2022 to 2460 crores in FY 2023 which is a year-on-year (YOY) growth of 29.19%. The Net profits of the company increased from 144 crores in FY 2022 to 158 crores in FY 2023 resulting in an annual growth of 9.72%.
On an average of 3 years Return on Equity stood at 14.61%. The Return on Capital Employed(ROCE) on an average of 3 years is at 12.28%. Foreign Institutional Investors (FII) hold 6.21% as of December quarter 2023 which is 2% higher compared to March 2023. The promoters of the Dhampur Sugar Mills Ltd hold 49.09% which looks to be consistent from the past five years.
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹256.00 | Market Cap (Crores) | ₹1,700.00 |
| EPS | ₹21.50 | Stock P/E | 11.9 |
| ROE | 16.60% | ROCE | 15.20% |
| Promoters Holding | 49.09% | FII Holding | 6.21% |
| Debt to Equity | 0.36 | P/B | 1.67 |
| Operating Profit Margin | 12.88% | Net profit margin | 6.38% |
Ethanol Stocks with High FII Holdings #5: Triveni Engineering and Industries
Triveni Engineering and Industries is well known for its integrated sugar, ethanol, and its engineering. Triveni Engineering and Industries Ltd is a Uttar Pradesh-based company that is properly and strategically placed. The place it is situated is rich in sugarcane production.
The company majorly operates in three important segments which include Sugar, Alcohol, and Water solutions. Sugar being the main focus, the company has 7 sugar manufacturing units and cultivates sugarcane in a range of 210K Hectares of land. The company can crush 61000 tonnes of sugarcane each day.
Triveni Engineering and Industries Ltd in the country is in the top 3 in terms of manufacturing sugar. The company is also second highest in the country when it comes to suppliers of ethanol.
The revenue from operations of Triveni Engineering and Industries Ltd increased from 4,291 crores in FY 2022 to 5,617 crores in FY 2023. This is an increase of 30.90% on a year-on-year (YOY) growth basis. The Net Profits of the company increased from 424 crores in FY 2022 to 1792 Crores in FY 2023 which is a massive surge of 322.64%.
On an average of 3 years Return on Equity stood at 22.70%. The Return on Capital Employed(ROCE) on an average of 3 years is at 18.73%. Foreign Institutional Investors (FII) hold 4.42% as of December quarter 2023 in the company. The promoters of Triveni Engineering and Industries Ltd are holding 60.98%
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| CMP | ₹346.00 | Market Cap (Crores) | ₹7,564.00 |
| EPS | ₹19.40 | Stock P/E | 17.8 |
| ROE | 23.30% | ROCE | 17.50% |
| Promoters Holding | 60.98% | FII Holding | 4.42% |
| Debt to Equity | 0.15 | P/B | 2.8 |
| Operating Profit Margin | 36.82% | Net profit margin | 31.45% |
List of other Ethanol stocks with High FII:
| Companies | Market Cap (In Crores) | CMP | FII (%) |
|---|---|---|---|
| Balrampur Chini Mills Ltd. | ₹7,737 | ₹384 | 10.50% |
| Avadh Sugar & Energy Ltd. | ₹1,275 | ₹637 | 4.18% |
| Dwarikesh Sugar Industries Ltd. | ₹1,581 | ₹84 | 3.97% |
| Shree Renuka Sugars Ltd. | ₹10,500 | ₹49 | 3.22% |
| Ugar Sugar Works Ltd. | ₹1,009 | ₹90 | 2.57% |
| Bajaj Hindusthan Sugar Ltd. | ₹4,848 | ₹38 | 1.80% |
Read more: Top Railway Stocks With High FII Holdings in 2024
Conclusion
As we come to the end of the article Five Best Ethanol Stocks with High FII holdings. To give a quick brief, we learned about five different stocks with a good percentage of FII holdings operating in the sugar Industry.
An overview of companies, their operations, Fundamentals, and their key metrics were explained in this article. Do drop a comment about your views in the comment section below.
Written by Nishanth P
By utilizing the stock screener, stock heatmap, portfolio backtesting, and stock compare tool on the Trade Brains portal, investors gain access to comprehensive tools that enable them to identify the best stocks, also get updated with stock market news, and make well-informed investments.
The post Best Ethanol Stocks With High FII Holdings – List And Insights appeared first on Trade Brains.
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