Best Biofuel Stocks in India 2023 To Add To Your Watchlist

Sustainable Development Goals (SDGs) and Biofuels in India

Biofuels are renewable energy sources obtained from living organisms. Biodiesel, Corn ethanol, and biogas from organic byproducts are the most common biofuels. These renewable energy sources play a crucial role in achieving the Sustainable Development Goals (SDGs) by lessening the demand for nonrenewable resources such as fossil fuels.

Formation of the Global Biofuel Alliance

As part of its G20 presidency, India took the initiative to form a Global Biofuel Alliance. The alliance consists of 19 countries and 12 international organizations, with India, USA, and Brazil as the founding member countries. The goal of the alliance is to develop and promote biofuels, as well as increase global access to bioenergy.

Here are the Top Biofuel Stocks in India

Best Biofuel Stocks in India #1 – Shree Renuka Sugar

Shree Renuka Sugars is a multinational agribusiness and bio-energy company. It is one of the world’s major sugar producers, the leading sugar factory in India, and one of the world’s top sugar refiners. The company has a total crushing capacity of 7.1 MTPA or 35,000 TCD and produces high-quality sugar, the majority of which is marketed to the food and beverage industries.

The company also has a distillery that produces fuel-grade ethanol, which is marketed to oil companies and the chemical industry. Additionally, it has power plants that generate 242 MW of power, 135 MW of which is exportable and primarily sold to open-access grids.

1. CMP (Rs): 54.95
2. Market Cap (Cr): 11,828.02
3. EPS (TTM): 1.04
4. Stock P/E (TTM): 0
5. ROE (%): 0
6. ROCE (%): 11.74
7. Promoter Holding (%): 62.48
8. Dividend Yield (%): 0
9. Debt to Equity (%): -2.81
10. Price to Book Value (%): 5.61
11. Net Profit Margin (%): -2.18
12. Operating Profit Margin (%): 6.19

Best Biofuel Stocks in India #2 – Praj Industries

Praj Industries is an engineering firm that provides wastewater treatment and utilization solutions for distilleries and breweries. The company has business lines in BioEnergy, High Purity Solutions, Brewery Plants, Wastewater Treatment, Bioproducts, Skid Engineering and Process Solutions, and Critical Process Equipment and Systems. It has a global presence with references in over 100 countries.

1. CMP (Rs): 582.7
2. Market Cap (Cr): 10,736
3. EPS (TTM): 14
4. Stock P/E (TTM): 41.74
5. ROE (%): 24.13
6. ROCE (%): 32.44
7. Promoter Holding (%): 32.82
8. Dividend Yield (%): 1.32
9. Debt to Equity (%): 0
10. Price to Book Value (%): 9.47
11. Net Profit Margin (%): 6.7
12. Operating Profit Margin (%): 8.59

Best Biofuel Stocks in India #3 – Triveni Engineering & Industries

Triveni Engineering & Industries Ltd is a sugar-producing firm involved in sugar and allied businesses, engineering businesses, and others. The company produces sugar, cogeneration, and distilleries in its sugar segment, and power transmission manufacturing facilities and water and wastewater treatment operations in its engineering division.

1. CMP (Rs): 387.05
2. Market Cap (Cr): 8,412.25
3. EPS (TTM): 81.91
4. Stock P/E (TTM): 4.69
5. ROE (%): 78.33
6. ROCE (%): 57.35
7. Promoter Holding (%): 60.98
8. Dividend Yield (%): 1.2
9. Debt to Equity (%): 0.34
10. Price to Book Value (%): 3.08
11. Net Profit Margin (%): 2.36
12. Operating Profit Margin (%): 10.7

Best Biofuel Stocks in India #4 – Bajaj Hindusthan Sugars

Bajaj Hindusthan Sugar Limited is Asia’s No.1 and World’s No. 4 integrated sugar company. The company has 14 sugar plants and a total sugarcane crushing capacity of 136,000 TCD. It is also a leading producer of ethanol, with an alcohol distillation capacity of 800 KLD.

1. CMP (Rs): 26.4
2. Market Cap (Cr): 3,422.05
3. EPS (TTM): 1.29
4. Stock P/E (TTM): 0
5. ROE (%): 4.03
6. ROCE (%): 0.91
7. Promoter Holding (%): 24.95
8. Dividend Yield (%): 0
9. Debt to Equity (%): 0.97
10. Price to Book Value (%): 0.79
11. Net Profit Margin (%): 2.13
12. Operating Profit Margin (%): 4.14

Best Bio

SDGs, Targets, and Indicators

SDGs Addressed or Connected to the Issues Highlighted in the Article

1. SDG 7: Affordable and Clean Energy
2. SDG 9: Industry, Innovation, and Infrastructure
3. SDG 13: Climate Action

The article discusses biofuels as renewable energy sources that can replace fossil fuels and decarbonize the transportation sector. This aligns with SDG 7, which aims to ensure access to affordable, reliable, sustainable, and modern energy for all. Additionally, the development and promotion of biofuels contribute to SDG 9, which focuses on building resilient infrastructure, promoting inclusive and sustainable industrialization, and fostering innovation. Furthermore, biofuels play a role in addressing climate change, supporting SDG 13’s target of taking urgent action to combat climate change and its impacts.

Specific Targets Based on the Article’s Content

• Target 7.2: Increase substantially the share of renewable energy in the global energy mix
• Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable
• Target 13.2: Integrate climate change measures into national policies, strategies, and planning

The article highlights the potential of biofuels to replace fossil fuels and increase the share of renewable energy in the global energy mix, aligning with Target 7.2. It also mentions the formation of a Global Biofuel Alliance, which indicates efforts to promote biofuels and integrate climate change measures into national policies and planning, supporting Target 13.2. Additionally, the development and promotion of biofuels contribute to upgrading infrastructure and making industries more sustainable, in line with Target 9.4.

Indicators Mentioned or Implied in the Article

• Share of renewable energy in the global energy mix
• Number of countries and organizations joining the Global Biofuel Alliance
• Capacity of biofuel production and distribution
• Revenue and net profit growth of biofuel companies

The article mentions the goal of increasing the share of renewable energy in the global energy mix, which can be measured by tracking the percentage of renewable energy sources in the overall energy consumption. The formation of the Global Biofuel Alliance indicates the number of countries and organizations joining the alliance as an indicator of progress. The capacity of biofuel production and distribution, such as crushing capacity, ethanol production, and power generation, can be used as indicators to measure the development and promotion of biofuels. Finally, the revenue and net profit growth of biofuel companies mentioned in the article can be used as indicators of their financial performance and market viability.

Table: SDGs, Targets, and Indicators

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: tradebrains.in

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