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. | 2,903.0 | 19,642,014 | 25.0 | 10.3% | 0.4 | 13.4% | 22.7% |
| NTPC | 355.8 | 3,449,589 | 20.9 | 11.6% | 1.5 | 17.2% | 12.9% |
| ADANI GREEN ENERGY | 1,805.6 | 2,860,129 | 238.7 | 16.5% | 9.2 | 45.1% | NM |
| TATA POWER | 436.8 | 1,395,565 | 44.5 | 13.2% | 1.7 | 23.7% | 30.2% |
| JSW ENERGY | 600.6 | 1,049,710 | 59.6 | 8.0% | 1.3 | 7.7% | 11.0% |
| NHPC | 92.5 | 929,568 | 24.9 | 11.5% | 0.8 | 2.0% | 8.2% |
| TORRENT POWER | 1,489.5 | 715,855 | 37.0 | 19.7% | 1.0 | 23.5% | 22.5% |
| WAAREE RENEWABLE TECH | 2,748.5 | 286,249 | 269.7 | 65.6% | 0.5 | 295.3% | NM |
| KPI GLOBAL INFRASTRUCTURE | 2,003.8 | 120,794 | 74.7 | 42.5% | 2.0 | 121.5% | 157.3% |
| BOROSIL RENEWABLES | 521.8 | 68,108 | 524.6 | 7.7% | 0.5 | 48.8% | 438.3% |
| GENSOL ENGINEERING | 943.5 | 35,731 | NM | 11.8% | 2.5 | 69.4% | 123.7% |
| INSOLATION ENERGY | 1,649.8 | 34,369 | NM | 20.2% | 1.3 | 46.6% | 51.2% |
| SOLEX ENERGY | 1,179.8 | 9,438 | NM | 7.2% | 1.8 | 5.4% | NM |
| AUSTRALIAN PREMIUM SOLAR | 289.1 | 5,706 | NM | 23.0% | 0.2 | NM | NM |
| SURANA SOLAR | 41.8 | 2,058 | NM | 4.0% | 0.0 | 10.3% | 57.0% |
* We show NM where the values are negative
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