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. | 1,362.6 | 18,439,437 | 18.9 | 9.6% | 0.4 | 12.5% | 6.9% |
| NTPC | 397.9 | 3,858,303 | 24.3 | 13.0% | 1.3 | 12.4% | 12.2% |
| ADANI GREEN ENERGY | 1,154.6 | 1,901,830 | 133.0 | 23.9% | 9.5 | 29.8% | 60.0% |
| TATA POWER | 433.7 | 1,385,659 | 31.0 | 13.3% | 1.6 | 15.2% | 22.1% |
| WAAREE ENERGIES LTD. | 3,487.2 | 1,003,098 | 29.5 | 20.5% | 0.1 | 71.7% | 189.3% |
| JSW ENERGY | 542.2 | 952,716 | 37.8 | 7.3% | 1.8 | 12.9% | 4.4% |
| NTPC GREEN ENERGY LTD. | 112.9 | 951,164 | 171.3 | 2.6% | 1.0 | NM | NM |
| NHPC | 83.0 | 834,140 | 41.9 | 8.6% | 1.0 | 4.3% | NM |
| TORRENT POWER | 1,605.7 | 809,118 | 25.2 | 17.4% | 0.5 | 26.9% | 88.2% |
| PREMIER ENERGIES LTD. | 1,010.0 | 457,502 | 34.4 | 33.4% | 0.7 | 106.3% | NM |
| ACME SOLAR HOLDINGS LTD. | 299.0 | 181,155 | 37.6 | 5.6% | 2.3 | NM | 59.3% |
| EMMVEE PHOTOVOLTAIC POWER LTD. | 261.0 | 180,702 | NM | 68.7% | 3.6 | 66.3% | 250.9% |
| WAAREE RENEWABLE TECH | 1,086.8 | 113,398 | 23.7 | 50.4% | 0.1 | 114.7% | 195.3% |
| KPI GLOBAL INFRASTRUCTURE | 439.6 | 86,741 | 18.9 | 13.5% | 0.5 | 96.2% | 95.9% |
| VIKRAM SOLAR LTD. | 225.8 | 81,796 | NM | 11.3% | 0.2 | 25.5% | NM |
| STERLING AND WILSON SOLAR | 212.0 | 49,497 | NM | 8.5% | 0.9 | 6.6% | NM |
| WEBSOL ENERGY | 88.6 | 38,476 | 16.5 | 59.1% | 0.6 | 39.2% | 152.0% |
| INSOLATION ENERGY | 143.0 | 31,514 | NM | 20.5% | 0.2 | 83.6% | 162.9% |
| UJAAS ENERGY | 168.3 | 22,451 | 737.8 | 10.4% | 0.6 | NM | NM |
| SOLEX ENERGY | 1,327.7 | 14,342 | NM | 26.6% | 0.9 | 109.6% | 251.2% |
| SWELECT ENERGY SYSTEMS | 660.8 | 10,016 | 18.0 | 1.6% | 0.7 | 20.6% | NM |
| AUSTRALIAN PREMIUM SOLAR | 376.1 | 7,581 | NM | 45.5% | 0.1 | 64.8% | 145.7% |
| ZODIAC ENERGY | 297.5 | 4,499 | 22.7 | 20.9% | 1.6 | 41.8% | 54.1% |
| MADHAV INFRA PROJECTS | 9.1 | 2,453 | 9.1 | 11.5% | 0.8 | 8.5% | 54.0% |
| GENSOL ENGINEERING | 24.2 | 932 | 1.2 | 16.4% | 4.3 | 146.9% | 155.9% |
* 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.