# Power & Utilities Sector
> Renewable capacity addition accelerating while thermal plants benefit from PLF improvement and merchant pricing.

## Overview
Market Cap: ₹27,30,530 Cr
Avg P/E: 94.6
Avg ROE: 11.6%
Avg ROCE: 23.1%
1Y Return: +4.44%
Companies: 81

## Data Freshness
Sector Updated: 2026-05-25T20:01:15.402Z
Updated By: daily market-close sync and live stock-data refresh

## Companies
- Adani Power Ltd (ADANIPOWER): ₹233.38 | PE 33.1 | MCap ₹4,22,508 Cr
- NTPC Ltd (NTPC): ₹390.05 | PE 21.83 | MCap ₹3,82,970 Cr
- Power Grid Corporation of India Ltd (POWERGRID): ₹295.35 | PE 19.64 | MCap ₹2,84,459 Cr
- Adani Green Energy Ltd (ADANIGREEN): ₹1411.1 | PE 142.8 | MCap ₹2,26,989 Cr
- Adani Energy Solutions Ltd (ADANIENSOL): ₹1404.3 | PE 70.44 | MCap ₹1,56,960 Cr
- Tata Power Company Ltd (TATAPOWER): ₹413.55 | PE 34.39 | MCap ₹1,30,098 Cr
- Siemens Energy India Ltd (ENRIN): ₹3559.6 | PE 84.04 | MCap ₹1,09,988 Cr
- Gail (India) Ltd (GAIL): ₹168.67 | PE 12.45 | MCap ₹1,06,845 Cr
- NTPC Green Energy Ltd (NTPCGREEN): ₹102.02 | PE 156.52 | MCap ₹91,004 Cr
- JSW Energy Ltd (JSWENERGY): ₹557.05 | PE 40.48 | MCap ₹90,414 Cr
- Waaree Energies Ltd (WAAREEENER): ₹2984.2 | PE 26.59 | MCap ₹86,943 Cr
- NHPC Ltd (NHPC): ₹79.02 | PE 49.24 | MCap ₹77,156 Cr
- Torrent Power Ltd (TORNTPOWER): ₹1474.6 | PE 24.46 | MCap ₹73,842 Cr
- Adani Total Gas Ltd (ATGL): ₹659.15 | PE 100.62 | MCap ₹66,176 Cr
- NLC India Ltd (NLCINDIA): ₹341.85 | PE 19.38 | MCap ₹48,969 Cr
- Premier Energies Ltd (PREMIERENE): ₹985 | PE 35.09 | MCap ₹44,288 Cr
- SJVN Ltd (SJVN): ₹74.27 | PE 44.57 | MCap ₹28,727 Cr
- Gujarat Gas Ltd (GUJGASLTD): ₹377.5 | PE 21.52 | MCap ₹24,992 Cr
- CESC Ltd (CESC): ₹185.59 | PE 15.22 | MCap ₹23,463 Cr
- Indraprastha Gas Ltd (IGL): ₹160.48 | PE 12.74 | MCap ₹21,197 Cr
- Emmvee Photovoltaic Power Ltd (EMMVEE): ₹290.25 | PE 14.62 | MCap ₹17,385 Cr
- ACME Solar Holdings Ltd (ACMESOLAR): ₹300.6 | PE 33.54 | MCap ₹16,591 Cr
- IndiGrid Infrastructure Trust (INDIGRID): ₹169.58 | PE 44.01 | MCap ₹16,391 Cr
- Gujarat State Petronet Ltd (GSPL): ₹268.95 | PE 14.9 | MCap ₹15,674 Cr
- Clean Max Enviro Energy Solutions Ltd (CLEANMAX): ₹1095.5 | PE 385.1 | MCap ₹13,977 Cr
- Jaiprakash Power Ventures Ltd (JPPOWER): ₹18.88 | PE 38.88 | MCap ₹13,056 Cr
- Reliance Power Ltd (RPOWER): ₹26.73 | PE 38.7 | MCap ₹11,043 Cr
- Mahanagar Gas Ltd (MGL): ₹1074.9 | PE 12.43 | MCap ₹10,458 Cr
- Waaree Renewable Technologies Ltd (WAAREERTL): ₹977.8 | PE 20.35 | MCap ₹9,744 Cr
- POWERGRID Infrastructure Investment Trust (PGINVIT): ₹91.95 | PE 6.34 | MCap ₹8,589 Cr
- KPI Green Energy Ltd (KPIGREEN): ₹436.35 | PE 17.51 | MCap ₹8,313 Cr
- Fujiyama Power Systems Ltd (UTLSOLAR): ₹283.8 | PE 32.42 | MCap ₹8,088 Cr
- Vikram Solar Ltd (VIKRAMSOLR): ₹200.63 | PE 14.79 | MCap ₹7,286 Cr
- Inox Green Energy Services Ltd (INOXGREEN): ₹177.81 | PE 107.74 | MCap ₹7,224 Cr
- Borosil Renewables Ltd (BORORENEW): ₹515.8 | PE 52.75 | MCap ₹6,993 Cr
- PTC India Ltd (PTC): ₹191.93 | PE 7.21 | MCap ₹6,077 Cr
- Saatvik Green Energy Ltd (SAATVIKGL): ₹444.5 | PE 14.15 | MCap ₹5,546 Cr
- RattanIndia Power Ltd (RTNPOWER): ₹9.19 | PE 91.2 | MCap ₹4,898 Cr
- Sterling and Wilson Renewable Energy Ltd (SWSOLAR): ₹197.05 | PE 0 | MCap ₹4,560 Cr
- Websol Energy System Ltd (WEBELSOLAR): ₹111.11 | PE 14.41 | MCap ₹4,366 Cr
- Onix Solar Energy Ltd (ONIXSOLAR): ₹754.1 | PE 99.3 | MCap ₹3,995 Cr
- Anzen India Energy Yield Plus Trust (ANZEN): ₹125 | PE 0 | MCap ₹3,196 Cr
- Reliance Infrastructure Ltd (RELINFRA): ₹64.08 | PE 0.46 | MCap ₹2,909 Cr
- Insolation Energy Ltd (INA): ₹146.83 | PE 14.9 | MCap ₹2,643 Cr
- GK Energy Ltd (GKENERGY): ₹127.16 | PE 13.51 | MCap ₹2,565 Cr
- Gujarat Industries Power Company Ltd (GIPCL): ₹156.48 | PE 15.47 | MCap ₹2,277 Cr
- Ravindra Energy Ltd (RELTD): ₹127.63 | PE 27.48 | MCap ₹2,234 Cr
- Bajel Projects Ltd (BAJEL): ₹181.38 | PE 186.05 | MCap ₹2,045 Cr
- Ujaas Energy Ltd (UEL): ₹141.61 | PE 2105.71 | MCap ₹1,966 Cr
- Solarworld Energy Solutions Ltd (SOLARWORLD): ₹222.93 | PE 22.02 | MCap ₹1,782 Cr
- Indosolar Ltd (WAAREEINDO): ₹398.1 | PE 6.79 | MCap ₹1,674 Cr
- Orient Green Power Company Ltd (GREENPOWER): ₹11.02 | PE 18.35 | MCap ₹1,335 Cr
- IRM Energy Ltd (IRMENERGY): ₹274.5 | PE 26.24 | MCap ₹1,178 Cr
- Swelect Energy Systems Ltd-$ (SWELECTES): ₹611.3 | PE 17.1 | MCap ₹967 Cr
- DPSCLTD (DPSCLTD): ₹8.54 | PE 330.33 | MCap ₹965 Cr
- Urja Global Ltd (URJA): ₹10.77 | PE 549 | MCap ₹612 Cr
- Concord Enviro Systems Ltd (CEWATER): ₹280.5 | PE 10.51 | MCap ₹600 Cr
- GVK Power & Infrastructure Ltd (GVKPIL): ₹3.07 | PE 0 | MCap ₹486 Cr
- Solarium Green Energy Ltd (SOLARIUM): ₹173.1 | PE 17.79 | MCap ₹361 Cr
- Rajasthan Securities Ltd (RAJSEC): ₹45.65 | PE 11.24 | MCap ₹352 Cr
- Citizen Infoline Ltd (CIL): ₹234.65 | PE 1247.37 | MCap ₹333 Cr
- Waaree Technologies Ltd (WAAREE): ₹277.55 | PE 0 | MCap ₹271 Cr
- SURANAT&P (SURANAT&P): ₹18.02 | PE 9.61 | MCap ₹247 Cr
- GRE Renew Enertech Ltd (GRERENEW): ₹137.05 | PE 27.86 | MCap ₹196 Cr
- Indowind Energy Ltd (INDOWIND): ₹9.97 | PE 111 | MCap ₹161 Cr
- Globus Constructors & Developers Ltd (GLOBUSCON): ₹13.55 | PE 43.75 | MCap ₹139 Cr
- Surana Solar Ltd (SURANASOL): ₹27 | PE 663.75 | MCap ₹131 Cr
- Taylormade Renewables Ltd (TRL): ₹100.95 | PE 30.55 | MCap ₹127 Cr
- Confidence Futuristic Energetech Ltd (CFEL): ₹37.3 | PE 14.99 | MCap ₹96 Cr
- Gensol Engineering Ltd (GENSOL): ₹18.87 | PE 0.91 | MCap ₹80 Cr
- Energy Development Company Ltd (ENERGYDEV): ₹16.97 | PE 0 | MCap ₹79 Cr
- Waa Solar Ltd (WAA): ₹55.96 | PE 8.49 | MCap ₹77 Cr
- Karma Energy Ltd (KARMAENG): ₹46.17 | PE 26.93 | MCap ₹59 Cr
- Gita Renewable Energy Ltd (GITARENEW): ₹80 | PE 0 | MCap ₹33 Cr
- TCM Ltd (TCMLMTD): ₹50 | PE 0 | MCap ₹33 Cr
- Veer Energy & Infrastructure Ltd (VEERENRGY): ₹12.65 | PE 79.69 | MCap ₹19 Cr
- Sterling Powergensys Ltd (STERPOW): ₹31.5 | PE 0 | MCap ₹17 Cr
- SRM Energy Ltd (SRMENERGY): ₹17.76 | PE 0 | MCap ₹16 Cr
- IND Renewable Energy Ltd (INDRENEW): ₹10.88 | PE 0 | MCap ₹15 Cr
- Bhagawati Gas Ltd (BHAGGAS): ₹4.96 | PE 0 | MCap ₹8 Cr
- Elango Industries Ltd (ELANGO): ₹12.68 | PE 0 | MCap ₹4 Cr

## Analysis
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.

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Source: rupiya.io/sectors/power
Disclaimer: For research and education only. Not investment advice.