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Best Green Energy Stocks in India

From the Tatas to the Adanis, top business houses and government entities are investing heavily in the green energy sector in India.

This increased focus makes green energy an important sector to watch out for, with companies delivering phenomenal returns in the coming years.

Here are the top green energy stocks in India.

(Rs m)
(Curr FY, x)
(Latest, %)
(Latest, %)
Dividend Yield
INDIAN ENERGY EXCHANGE 144.041.3128,4040.028.039.1%51.6%0.7%
EKI ENERGY SERVICES409.8NM11,2770.18.323.3%31.9%0.0%
PRAJ IND.LTD641.143.4117,7780.018.922.3%30.1%0.7%
INSOLATION ENERGY678.0NM14,1241.317.920.2%20.0%0.0%
ADANI GREEN ENERGY 1,348.0191.02,135,2769.239.516.5%8.7%0.0%
TATA POWER279.737.7893,7361.710.013.2%16.5%0.7%
AMARA RAJA BATTERIES758.016.6129,4670.010.113.1%18.3%0.8%
RELIANCE IND.2,437.121.416,489,6840.416.010.3%12.6%0.4%
KABRA EXTRUSION418.941.914,6480.225.99.8%16.0%0.8%
JSW ENERGY414.742.7682,0471.321.68.0%7.4%0.5%
OLECTRA GREENTECH1,194.3126.198,0290.241.78.0%14.2%0.0%
BOROSIL RENEWABLES442.1166.857,7090.452.07.7%8.8%0.0%
EXIDE INDUSTRIES292.128.4248,2430.012.67.4%10.8%0.7%
SHIGAN QUANTUM102.9NM1,7710.719.06.8%15.3%0.0%
STERLING AND WILSON SOLAR370.5NM70,302-8.7-7.30.0%-219.6%0.0%
INOX GREEN ENERGY79.2246.823,2480.552.9NM2.3%0.0%
WEBSOL ENERGY215.0NM9,0740.1-11.8NM-14.4%0.0%
INOX WIND316.5NM103,1631.4-14.9NM-13.3%0.0%

* We show NM where the values are negative

Disclaimer: This is for information purposes only. These are not stock recommendations and should not be treated as such. Learn more about our recommendation services here... Also note that these screeners are based only on numbers. There is no screening for management quality.

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Which are the top green energy companies in India?

Based on stock screener, these are the top green energy companies in India:

You can see the full list of Green Energy stocks here.

These companies have been ranked as per their PE (Price to Earnings) ratio. Generally, speaking, high PE stocks are considered to be expensive. And low PE stocks are said to be cheap.

Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.

What is green energy?

Green energy, also known as renewable energy or clean energy, refers to energy generated from natural and sustainable sources that have minimal negative impact on the environment. Examples of green energy sources include solar power, wind power, green hydrogen, hydro power, geothermal energy, and biomass.

Green energy sources are considered sustainable because they are naturally replenished, unlike fossil fuels such as coal, oil, and gas, which are finite and contribute to greenhouse gas emissions and climate change.

Green energy is increasingly being adopted by individuals, businesses, and governments as a way to reduce reliance on fossil fuels and promote a more sustainable future.

How should you value green energy companies?

Investing in stocks requires careful analysis of financial data to find out a company's true worth. However, an easier way to find out about a company's performance is to look at its financial ratios.

Two commonly used financial ratios used in the valuation of stocks are -

Price to Earnings Ratio (P/E) - It compares the company's stock price with its earnings per share. The higher the P/E ratio, the more expensive the stock.

Price to Book Value Ratio (P/BV) - It compares a firm's market capitalization to its book value. A high P/BV indicates markets believe the company's assets to be undervalued and vice versa.

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