Renewable capacity addition accelerating while thermal plants benefit from PLF improvement and merchant pricing.
| Company | M.Cap | Price | P/E | P/B | ROE | ROCE | D/E | Div Yield | 1Y Return |
|---|---|---|---|---|---|---|---|---|---|
| NTPC Ltd | ₹3,82,970 Cr | ₹390.05 | 21.8 | 2.0 | 0.0% | 11.5% | 1.2 | 2.2% | +17.7% |
| Power Grid Corporation of India Ltd | ₹2,84,459 Cr | ₹295.35 | 19.6 | 2.9 | 0.0% | 18.0% | 1.4 | 3.0% | +7.59% |
| Tata Power Company Ltd | ₹1,30,098 Cr | ₹413.55 | 34.4 | 3.6 | 11.3% | 10.6% | 1.7 | 0.6% | +4.11% |
| Gail (India) Ltd | ₹1,06,845 Cr | ₹168.67 | 12.5 | 1.2 | 0.0% | 12.6% | 0.3 | 3.7% | -13.24% |
| Adani Green Energy Ltd | ₹2,26,989 Cr | ₹1,411.1 | 142.8 | 12.2 | 7.6% | 6.2% | 3.4 | 0.0% | +25.14% |
| ACME Solar Holdings Ltd | ₹16,591 Cr | ₹300.6 | 33.5 | 3.3 | 10.4% | 5.8% | 3.9 | 0.1% | +15.85% |
| Adani Energy Solutions Ltd | ₹1,56,960 Cr | ₹1,404.3 | 70.4 | 6.2 | 9.7% | 9.8% | 2.0 | 0.0% | +33.98% |
| Adani Power Ltd | ₹4,22,508 Cr | ₹233.38 | 33.1 | 6.5 | 20.9% | 12.8% | 0.8 | 0.0% | +42.51% |
| Adani Total Gas Ltd | ₹66,176 Cr | ₹659.15 | 100.6 | 13.6 | 14.5% | 13.9% | 0.5 | 0.0% | +4.41% |
| Bajel Projects Ltd | ₹2,045 Cr | ₹181.38 | 186.1 | 1.8 | 0.0% | 41.9% | 0.2 | 0.0% | -5.48% |
| Borosil Renewables Ltd | ₹6,993 Cr | ₹515.8 | 52.8 | 5.9 | 0.0% | -18.1% | 0.2 | 0.0% | -22.8% |
| CESC Ltd | ₹23,463 Cr | ₹185.59 | 15.2 | 1.8 | 12.6% | 14.7% | 1.6 | 0.0% | +1.68% |
| Concord Enviro Systems Ltd | ₹600 Cr | ₹280.5 | 10.5 | 1.1 | 0.0% | 25.5% | 0.3 | 0.0% | -35.38% |
| Clean Max Enviro Energy Solutions Ltd | ₹13,977 Cr | ₹1,095.5 | 385.1 | 4.5 | 0.0% | 8.4% | 3.0 | 0.0% | 0.00% |
| DPSCLTD | ₹965 Cr | ₹8.54 | 330.3 | 1.1 | 0.0% | -6.4% | 0.0 | 0.0% | -37.02% |
| Emmvee Photovoltaic Power Ltd | ₹17,385 Cr | ₹290.25 | 14.6 | 15.6 | 51.1% | 37.7% | 0.1 | 0.4% | +20.46% |
| Energy Development Company Ltd | ₹79 Cr | ₹16.97 | 0.0 | 4.9 | 0.0% | 13.1% | 15.0 | 0.0% | -14.99% |
| Siemens Energy India Ltd | ₹1,09,988 Cr | ₹3,559.6 | 84.0 | 22.9 | 0.0% | 32.4% | 0.0 | 0.0% | +6.91% |
| Gujarat Industries Power Company Ltd | ₹2,277 Cr | ₹156.48 | 15.5 | 0.6 | 0.0% | 12.5% | 0.8 | 0.0% | -11.6% |
| GK Energy Ltd | ₹2,565 Cr | ₹127.16 | 13.5 | 3.3 | 0.0% | 48.9% | 0.5 | 0.0% | -36.73% |
| Orient Green Power Company Ltd | ₹1,335 Cr | ₹11.02 | 18.4 | 1.1 | 6.5% | 13.8% | 0.5 | 0.0% | -17.46% |
| Gujarat Gas Ltd | ₹24,992 Cr | ₹377.5 | 21.5 | 2.9 | 0.0% | 18.9% | 1.2 | 0.0% | -7.54% |
| GVK Power & Infrastructure Ltd | ₹486 Cr | ₹3.07 | 0.0 | -0.3 | 0.0% | 0.0% | 0.0 | 0.0% | -1.57% |
| Indraprastha Gas Ltd | ₹21,197 Cr | ₹160.48 | 12.7 | 1.9 | 0.0% | 14.8% | 0.0 | 3.1% | -26.87% |
| Insolation Energy Ltd | ₹2,643 Cr | ₹146.83 | 14.9 | 3.9 | 0.0% | 898.7% | 0.4 | 0.0% | -43.41% |
| Indowind Energy Ltd | ₹161 Cr | ₹9.97 | 111.0 | 0.5 | 0.0% | 1.1% | 0.1 | 0.0% | -41.62% |
| Inox Green Energy Services Ltd | ₹7,224 Cr | ₹177.81 | 107.7 | 3.4 | 0.0% | 5.8% | 0.1 | 0.0% | -28.72% |
| IRM Energy Ltd | ₹1,178 Cr | ₹274.5 | 26.2 | 1.2 | 5.5% | 13.4% | 0.1 | 0.0% | -10.92% |
| Jaiprakash Power Ventures Ltd | ₹13,056 Cr | ₹18.88 | 38.9 | 1.9 | 3.6% | 5.8% | 0.3 | 0.0% | +5.63% |
| JSW Energy Ltd | ₹90,414 Cr | ₹557.05 | 40.5 | 2.9 | 8.8% | 6.3% | 2.3 | 0.4% | +4.22% |
| Karma Energy Ltd | ₹59 Cr | ₹46.17 | 26.9 | 1.4 | 0.0% | -16.9% | 0.0 | 0.0% | -19.43% |
| KPI Green Energy Ltd | ₹8,313 Cr | ₹436.35 | 17.5 | 2.7 | 17.3% | 10.2% | 1.6 | 0.2% | -9.00% |
| Mahanagar Gas Ltd | ₹10,458 Cr | ₹1,074.9 | 12.4 | 1.7 | 0.0% | 15.8% | 0.0 | 0.0% | -15.84% |
| NHPC Ltd | ₹77,156 Cr | ₹79.02 | 49.2 | 1.9 | 0.0% | 6.9% | 1.0 | 2.4% | -2.45% |
| NLC India Ltd | ₹48,969 Cr | ₹341.85 | 19.4 | 2.3 | 16.0% | 8.6% | 0.8 | 0.0% | +35.24% |
| NTPC Green Energy Ltd | ₹91,004 Cr | ₹102.02 | 156.5 | 4.9 | 0.0% | 4.0% | 1.2 | 0.0% | +5.98% |
| Premier Energies Ltd | ₹44,288 Cr | ₹985 | 35.1 | 12.7 | 0.0% | 53.5% | 0.5 | 0.1% | -1.43% |
| PTC India Ltd | ₹6,077 Cr | ₹191.93 | 7.2 | 1.0 | 0.0% | 33.8% | 0.3 | 4.6% | +17.83% |
| Ravindra Energy Ltd | ₹2,234 Cr | ₹127.63 | 27.5 | 5.3 | 20.4% | 18.9% | 3.7 | 0.0% | -22.76% |
| Reliance Power Ltd | ₹11,043 Cr | ₹26.73 | 38.7 | 0.7 | 0.0% | 5.5% | 0.9 | 0.0% | -34.48% |
| RattanIndia Power Ltd | ₹4,898 Cr | ₹9.19 | 91.2 | 1.1 | 0.0% | 1.8% | 0.9 | 0.0% | -10.85% |
| Saatvik Green Energy Ltd | ₹5,546 Cr | ₹444.5 | 14.2 | 4.1 | 0.0% | 41.0% | 0.5 | 0.0% | -7.56% |
| SJVN Ltd | ₹28,727 Cr | ₹74.27 | 44.6 | 2.0 | 4.5% | 3.9% | 2.3 | 0.0% | -12.39% |
| Solarworld Energy Solutions Ltd | ₹1,782 Cr | ₹222.93 | 22.0 | 2.1 | 0.0% | 38.0% | 0.3 | 0.0% | -26.33% |
| Surana Solar Ltd | ₹131 Cr | ₹27 | 663.8 | 2.3 | 2.2% | -2.6% | 0.0 | 0.0% | -13.08% |
| SURANAT&P | ₹247 Cr | ₹18.02 | 9.6 | 2.0 | 0.0% | -2.8% | 0.0 | 0.0% | -15.0% |
| Swelect Energy Systems Ltd-$ | ₹967 Cr | ₹611.3 | 17.1 | 1.0 | 0.0% | 5.0% | 0.7 | 0.0% | -21.58% |
| Sterling and Wilson Renewable Energy Ltd | ₹4,560 Cr | ₹197.05 | 0.0 | 7.0 | -36.0% | 19.0% | 1.8 | 0.0% | -13.67% |
| Torrent Power Ltd | ₹73,842 Cr | ₹1,474.6 | 24.5 | 3.9 | 13.0% | 20.3% | 0.7 | 1.4% | +15.04% |
| Ujaas Energy Ltd | ₹1,966 Cr | ₹141.61 | 2,105.7 | 56.4 | 0.0% | -3.9% | 0.3 | 0.0% | +38.08% |
| Urja Global Ltd | ₹612 Cr | ₹10.77 | 549.0 | 3.3 | 0.0% | 1.0% | 0.2 | 0.0% | -13.37% |
| Fujiyama Power Systems Ltd | ₹8,088 Cr | ₹283.8 | 32.4 | 14.0 | 36.4% | 34.6% | 0.4 | 0.0% | +29.68% |
| Vikram Solar Ltd | ₹7,286 Cr | ₹200.63 | 14.8 | 2.3 | 0.0% | 40.4% | 0.1 | 0.0% | -36.96% |
| Waaree Energies Ltd | ₹86,943 Cr | ₹2,984.2 | 26.6 | 7.6 | 31.6% | 47.3% | 0.2 | 0.1% | -10.46% |
| Indosolar Ltd | ₹1,674 Cr | ₹398.1 | 6.8 | 5.8 | 150.6% | 81.0% | 0.0 | 0.0% | -25.99% |
| Waaree Renewable Technologies Ltd | ₹9,744 Cr | ₹977.8 | 20.4 | 14.8 | 0.0% | 62.7% | 0.2 | 0.0% | -17.82% |
| Websol Energy System Ltd | ₹4,366 Cr | ₹111.11 | 14.4 | 10.9 | 66.7% | 52.8% | 0.2 | 0.0% | -18.33% |
| Bhagawati Gas Ltd | ₹8 Cr | ₹4.96 | 0.0 | 0.6 | 0.0% | 0.0% | 0.0 | 0.0% | 0.00% |
| Globus Constructors & Developers Ltd | ₹139 Cr | ₹13.55 | 43.8 | 13.9 | 0.0% | 0.0% | 0.0 | 0.0% | -19.68% |
| Solarium Green Energy Ltd | ₹361 Cr | ₹173.1 | 17.8 | 2.4 | 90.5% | 0.0% | 0.0 | 0.0% | -39.64% |
| Confidence Futuristic Energetech Ltd | ₹96 Cr | ₹37.3 | 15.0 | 0.6 | 31.3% | 0.0% | 0.0 | 65.0% | -54.52% |
| GRE Renew Enertech Ltd | ₹196 Cr | ₹137.05 | 27.9 | 4.1 | 24.1% | 0.0% | 0.0 | 0.0% | 0.00% |
| Elango Industries Ltd | ₹4 Cr | ₹12.68 | 0.0 | 1.3 | 0.0% | 0.0% | 0.0 | 0.0% | +22.39% |
| Sterling Powergensys Ltd | ₹17 Cr | ₹31.5 | 0.0 | 52.3 | 0.0% | 0.0% | 0.0 | 0.0% | -21.27% |
| TCM Ltd | ₹33 Cr | ₹50 | 0.0 | 1.2 | 8.7% | 0.0% | 0.0 | 0.0% | +26.33% |
| Taylormade Renewables Ltd | ₹127 Cr | ₹100.95 | 30.6 | 1.4 | 33.3% | 0.0% | 0.0 | 0.0% | -63.12% |
| IND Renewable Energy Ltd | ₹15 Cr | ₹10.88 | 0.0 | 0.0 | 0.0% | 0.0% | 0.0 | 0.0% | -12.05% |
| Waa Solar Ltd | ₹77 Cr | ₹55.96 | 8.5 | 0.4 | 7.2% | 0.0% | 0.0 | 0.0% | -24.53% |
| Gita Renewable Energy Ltd | ₹33 Cr | ₹80 | 0.0 | 2.5 | 0.0% | 0.0% | 0.0 | 0.0% | -33.36% |
| Waaree Technologies Ltd | ₹271 Cr | ₹277.55 | 0.0 | -74.4 | 0.0% | 0.0% | 0.0 | 0.0% | -8.32% |
| Rajasthan Securities Ltd | ₹352 Cr | ₹45.65 | 11.2 | 4.5 | 25.0% | 0.0% | 0.0 | 0.0% | -2.31% |
| Reliance Infrastructure Ltd | ₹2,909 Cr | ₹64.08 | 0.5 | 0.2 | 0.0% | 0.0% | 0.0 | 0.0% | -70.65% |
| Veer Energy & Infrastructure Ltd | ₹19 Cr | ₹12.65 | 79.7 | 0.3 | 0.0% | 0.0% | 0.0 | 0.0% | -29.45% |
| Citizen Infoline Ltd | ₹333 Cr | ₹234.65 | 1,247.4 | 26.2 | 0.0% | 0.0% | 0.0 | 0.0% | +926.47% |
| SRM Energy Ltd | ₹16 Cr | ₹17.76 | 0.0 | -2.9 | 0.0% | 0.0% | 0.0 | 0.0% | +104.84% |
| Onix Solar Energy Ltd | ₹3,995 Cr | ₹754.1 | 99.3 | 0.3 | 160.0% | 0.0% | 0.0 | 0.0% | +99.5% |
| IndiGrid Infrastructure Trust | ₹16,391 Cr | ₹169.58 | 44.0 | 3.1 | 7.7% | 0.0% | 0.0 | 930.0% | +14.47% |
| Gujarat State Petronet Ltd | ₹15,674 Cr | ₹268.95 | 14.9 | 1.3 | 7.7% | 0.0% | 0.0 | 186.0% | -14.37% |
| Gensol Engineering Ltd | ₹80 Cr | ₹18.87 | 0.9 | 0.1 | 42.0% | 0.0% | 0.0 | 0.0% | -97.45% |
| POWERGRID Infrastructure Investment Trust | ₹8,589 Cr | ₹91.95 | 6.3 | 1.1 | 15.5% | 0.0% | 0.0 | 1,271.0% | +10.56% |
| Anzen India Energy Yield Plus Trust | ₹3,196 Cr | ₹125 | 0.0 | 0.0 | -1.0% | 0.0% | 0.0 | 880.0% | +17.92% |
India's power sector is transforming rapidly — renewable energy capacity has crossed 190 GW (including large hydro), with a target of 500 GW non-fossil by 2030. Thermal power, despite the green narrative, remains critical for baseload and has seen improved Plant Load Factors (PLFs) above 70%. The sector benefits from rising electricity demand (7-8% growth) driven by industrialization, EVs, and data centers.
Power transmission is a regulated return business with 15-16% ROE visibility. Renewable developers trade on EV/MW and contracted revenue visibility. Discoms remain financially stressed but reforms (smart metering, privatization) are underway.
Key metrics: PLF for thermal, CUF for renewables, regulated equity return, and PPA terms.
rupiya.io is for research and education only. Metrics shown are not investment advice. Validate with SEBI-regulated disclosures before acting.