Companies in this sector are driving India's transition to renewable energy sources.
They are innovators in solar technology, from panels to utility-scale projects. These are the top stocks in the solar energy sector to watch out for.
| Company | CMP (Rs) | MCap (Rs m) | P/E (x) | RoE (Latest, %) | D/E (Curr FY, x) | Sales CAGR (3 yrs, %) | Profit CAGR (3 yrs, %) |
|---|---|---|---|---|---|---|---|
| RELIANCE IND. | 1,241.3 | 16,797,734 | 21.8 | 10.0% | 0.4 | 26.7% | 13.7% |
| NTPC | 366.1 | 3,549,949 | 19.8 | 13.3% | 1.5 | 17.1% | 12.5% |
| ADANI GREEN ENERGY | 1,411.8 | 2,236,258 | 176.2 | 20.8% | 10.6 | 43.4% | 90.6% |
| TATA POWER | 408.1 | 1,304,018 | 39.5 | 13.2% | 1.5 | 23.4% | 42.3% |
| JSW ENERGY | 709.8 | 1,240,566 | 63.0 | 8.3% | 1.5 | 18.4% | 28.0% |
| WAAREE ENERGIES LTD. | 2,899.5 | 832,963 | NM | 31.5% | 0.2 | 80.0% | 203.5% |
| NHPC | 79.9 | 802,699 | 27.3 | 10.4% | 0.8 | NM | 3.8% |
| TORRENT POWER | 1,581.3 | 759,999 | 32.9 | 15.7% | 1.0 | 30.7% | 13.5% |
| PREMIER ENERGIES LTD. | 1,093.2 | 492,764 | NM | 36.1% | 2.2 | 64.9% | 107.7% |
| WAAREE RENEWABLE TECH | 1,439.2 | 150,032 | 74.9 | 64.2% | 0.2 | 307.2% | NM |
| KPI GLOBAL INFRASTRUCTURE | 760.0 | 99,758 | 43.4 | 19.3% | 1.0 | 114.7% | 124.2% |
| INSOLATION ENERGY | 4,201.9 | 87,534 | NM | 51.2% | 0.9 | 65.5% | 100.4% |
| GENSOL ENGINEERING | 831.2 | 31,586 | 44.9 | 16.4% | 4.3 | 146.9% | 155.9% |
| SOLEX ENERGY | 1,523.4 | 16,457 | NM | 18.9% | 2.1 | 66.3% | 73.4% |
| AUSTRALIAN PREMIUM SOLAR | 508.1 | 10,030 | NM | 12.8% | 0.2 | 26.4% | 50.6% |
| VISAKA INDUSTRIES | 91.8 | 7,932 | NM | 0.1% | 0.7 | 10.0% | NM |
* We show NM where the values are negative
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