As India continues to make remarkable strides in renewable energy, with over 200 GW of installed capacity and ambitious goals set for 2030, the green energy sector is emerging as a powerhouse of investment potential.
With a strong push towards sustainability and a clear commitment to reducing emissions, the country’s green energy landscape is primed for growth.
As we step into 2025, let’s explore the top green energy stocks to watch in January.
Name | Market Cap (₹ Cr) | ↓5Y CAGR (%) | PE Ratio |
Suzlon Energy Ltd | 86,322.12 | 103.78 | 130.72 |
Orient Green Power Company Ltd | 1,994.15 | 52.73 | 51.93 |
Adani Green Energy Ltd | 1,66,957.02 | 47.49 | 151.78 |
SJVN Ltd | 42,229.58 | 33.92 | 46.33 |
NHPC Ltd | 80,691.76 | 27.33 | 22.26 |
Note: The best green energy stocks list here is as of December 30, 2024. The stocks are sorted based on the 5Y CAGR.
Suzlon Energy, is a leading global renewable energy solutions provider, specialising in wind and solar power. The company has installed over 20.9 GW of wind energy in 17 countries and is a market leader in India with over 14,950 MW of wind power capacity.
For the quarter ending September 30, 2024, the company reported a 95.71% rise in net profit, reaching ₹200.20 crore for Q2 FY25. Revenue from operations increased by 47.6%, totalling ₹2,092.99 crore, compared to ₹1,417.21 crore in Q2 FY24.
Key Metrics:
Orient Green Power is one of India’s largest independent renewable power producers, with a diversified portfolio of wind energy assets across multiple states. As of June 2022, the company has a total capacity of 402.3 MW, including a 10.5 MW wind farm in Croatia, Europe.
For the quarter ending September 30, 2024, the company reported a decline in net profit by 11%, totalling ₹66.46 crore, compared to ₹75 crore in Q2 FY24. The company’s total income grew slightly by 1.6%, reaching ₹126.13 crore, up from ₹124.10 crore in the same period last year.
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Adani Green Energy is one of India’s largest renewable energy companies, with a portfolio of 20,434 MW. It develops, operates, and maintains solar and wind farm projects, delivering clean energy to government entities and corporations.
For the quarter ending September 30, 2024, it reported a 38.8% year-on-year increase in net profit to ₹515 crore for Q2 FY25, up from ₹371 crore in Q2 FY24. Revenue from operations surged 27.6% to ₹3,055 crore, compared to ₹2,220 crore in the same quarter of the previous fiscal year.
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SJVN Limited, a Navratna CPSE under the Ministry of Power, Government of India, was established in 1988. It primarily focuses on hydroelectric power generation, with a growing portfolio in renewable energy.
For the quarter ending September 30, 2024, it reported consolidated net profit for Q2 FY25 remained nearly unchanged at ₹439.90 crore, compared to ₹439.64 crore in Q2 FY24. Its total income rose to ₹1,108.43 crore from ₹951.62 crore in the same period last year.
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NHPC Limited is India’s largest hydropower development organisation, engaged in the entire process of hydroelectric power project development. The company has also expanded into renewable energy sectors such as solar and wind energy.
For the quarter ending September 30, 2024, it reported a 37% decline in its consolidated net profit for Q2 FY25, amounting to ₹1,069.28 crore, compared to ₹1,693.26 crore in Q2 FY24. The total income for the quarter rose to ₹3,402.09 crore, up from ₹3,113.82 crore in the previous year.
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The green energy sector in India is well-positioned to benefit from the country’s increasing commitment to renewable energy. However, it is essential for investors to assess their individual investment goals, risk tolerance, and financial situation before making decisions. Consulting a financial advisor is recommended to ensure that your investments align with long-term objectives and risk preferences.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
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