Best Solar Stocks in March 2025 5yr CAGR Basis: Orient Green Power, Adani Green Energy & More

India is rapidly advancing in the solar energy sector, driven by the government’s aggressive push toward renewable energy. The country’s installed solar capacity has surged from 2.6 GW in 2014 to 84.27 GW, marking a significant leap in its clean energy ambitions. This growth has positioned India as the 5th largest nation globally in solar power capacity, reinforcing its commitment to reducing carbon emissions and achieving energy security.

With the sector’s expansion, investor interest in solar power stocks has been on the rise. Many are exploring opportunities to invest in top solar companies listed on the Indian stock market. These companies play a crucial role in driving the nation’s renewable energy transition, offering investors exposure to one of the fastest-growing segments of the economy.

Best Solar Stock in March 2025 Based on 5Y CAGR

Name Market Cap (₹ Crore) ↓5Y CAGR (%) PE Ratio
Orient Green Power Company Ltd 1,428.75 49.72 37.21
Adani Green Energy Ltd 1,28,583.84 37.86 116.89
SJVN Ltd 34,574.34 30.22 37.93
KKV Agro Powers Ltd 36.56 20.30 140.63
BF Utilities Ltd 2,380.03 15.98 16.15

Note: The best solar stocks list is as of February 28, 2025. The stocks are sorted based on the 5Y CAGR. The following parameters have been used to screen the stocks.

Overview of the Best Solar Stocks in March 2025

1. Orient Green Power Company Ltd

Orient Green Power Company Limited is an independent power producer specializing in wind energy. Established in 2006 in Chennai, it operates wind farms across Tamil Nadu, Andhra Pradesh, Gujarat, Karnataka, and Croatia, reaching 300 MW capacity by 2011 through strategic acquisitions and expansion.

In Q3 FY2024-25, Orient Green Power reported a total income of ₹34.50 crores (up 1.53%), but faced losses with an operating profit of ₹-10.39 crore, PAT of ₹-24.02 crore, EBITDA of ₹16.67 crores, and an operating margin of -30.12%.

Key metrics:

  • Earning per share (EPS): ₹-0.21
  • Return on equity (ROE): -2.10%

2. Adani Green Energy Ltd

Adani Green Energy Limited (AGEL) develops, owns, and operates solar, wind, and hybrid power plants in India. It supplies electricity to government entities and corporations, using advanced technologies to lower the Levelized Cost of Energy (LCOE) and enhance efficiency.

Adani Green Energy Limited (AGEL) delivered strong Q3 FY25 results, driven by capacity expansion and efficiency. Revenue from power supply rose 13% YoY to ₹1,993 crore, while EBITDA increased 13% YoY to ₹1,848 crore, showcasing solid operational performance.

Key metrics:

  • EPS: ₹2.35
  • ROE: 4.91%

3. SJVN Ltd

SJVN Limited, formerly Satluj Jal Vidyut Nigam, is a public sector company generating and transmitting electricity in India, Nepal, and Bhutan. Incorporated in 1988, it operates hydro, wind, and solar power projects and provides consultancy services, based in Shimla, India.

In Q3FY25, SJVN Limited reported a net profit of ₹138.97 crore last year, with total income rising to ₹760.76 crore from ₹607.72 crore. The board approved an interim dividend of ₹1.15 per share, payable from March 6, 2025, with a record date of February 21.

Key metrics:

  • EPS: ₹2.55
  • ROE: 6.87%

4. KKV Agro Powers Ltd

KKV Agro Powers Limited, part of the Chennai Silks Group, develops and operates solar and wind energy projects in Tamil Nadu and Andhra Pradesh. Established in 2012 as Nachas Wind Energy, it rebranded in 2015 and also trades precious metals alongside power generation.

Key metrics:

  • EPS: ₹4.76
  • ROE: 1.32%

5. BF Utilities Ltd

BF Utilities Ltd. is an Indian company engaged in electricity generation through windmills and infrastructure projects. Operating in wind energy and infrastructure segments, it manages MW Wind Farm, contributing to sustainable energy production and infrastructure development in India.

BF Utilities in Q3 FY25 reported net sales of ₹8.92 crore in September 2024, down 13.29% YoY. Quarterly net loss widened by 166.16% to ₹0.97 crore, while EBITDA improved 37.87% to ₹2.33 crore from ₹1.69 crore in September 2023.

Key metrics:

  • EPS: ₹6.71
  • ROE: 15.33%

Best Solar Stock in March 2025 Based on Market Cap

Name ↓Market Cap (₹ Crore) PE Ratio 5Y Return (%)
Adani Green Energy Ltd 1,28,583.84 116.89 412.55%
Premier Energies Ltd 41,302.77 178.53
SJVN Ltd 34,574.34 37.93 261.38%
KPI Green Energy Ltd 7,742.72 47.89 538.54%
BF Utilities Ltd 2,380.03 16.15 120.65%

Note: The best solar stocks list here is as of February 28, 2025. The stocks are sorted based on the market cap. 

Best Solar Stocks in March 2025- Based on Net Profit Margin

Name ↓Net Profit Margin (%) 5Y Return (%)  PE Ratio
SJVN Ltd 30.09 261.38% 37.93
KPI Green Energy Ltd 15.68 538.54% 47.89
BF Utilities Ltd 14.91 120.65% 16.15
Orient Green Power Company Ltd 12.93 597.06% 37.21
Adani Green Energy Ltd 10.23 412.55% 116.89

Note: The best solar stocks list here is as of February 28, 2025. The stocks are sorted based on the net profit margin. 

Key Factors to Consider Before Investing in Solar Energy Stocks in India

As India accelerates its shift towards renewable energy, solar power stocks have gained significant attention from investors. However, before investing in the top solar companies in India, it is crucial to evaluate multiple factors that could influence returns.

 From financial performance to government policies, several aspects play a role in determining the success of solar energy investments.

1. Financial Performance: A Key Indicator

The financial health of a solar energy company is a crucial factor for investors. Evaluating revenue growth, profit margins, cash flow, and overall financial stability can help determine the company’s ability to sustain growth and generate returns. Companies with strong balance sheets and consistent profitability are better positioned to navigate market fluctuations.

2. Impact of Global Economic Factors

The solar energy sector is highly dependent on global supply chains, and various economic factors can impact stock performance. Supply chain disruptions, especially in sourcing raw materials like solar panels, lithium-ion batteries, and other essential components, can impact production costs and profitability. Investors must monitor global trade policies, currency fluctuations, and raw material availability, which can significantly impact Indian solar companies.

3. Competitive Advantage in a Growing Market

India’s solar energy sector is expanding rapidly, leading to increased competition among solar companies. With solar power becoming more cost-effective, demand for solar equipment is rising. Investors should look for companies with sustainable competitive advantages, such as technological innovation, cost leadership, brand reputation, and robust project pipelines.

4. Government Policies and Regulatory Support

Government policies and incentives play a crucial role in shaping the future of India’s solar energy market. The Indian government has introduced various subsidies, tax incentives, and policies to encourage solar power adoption. Monitoring policy changes, tariff structures, and regulatory developments is essential for assessing long-term investment potential in solar energy stocks.

Challenges in Solar Energy Investments

While solar energy stocks present promising opportunities, the sector also faces several challenges that investors must consider before making investment decisions.

1. High Initial Investment and Long Payback Period

One of the biggest challenges in the solar industry is the high upfront investment cost. Setting up solar power plants, manufacturing units, and infrastructure requires substantial capital, and the payback period is often long. This can deter investors looking for quick returns.

2. Dependence on Imports and Lack of R&D

Despite its strong growth, India’s solar sector relies heavily on imported solar panels, batteries, and technology, increasing costs and supply risks. A lack of domestic research and development (R&D) infrastructure further limits innovation, making the industry vulnerable to global market fluctuations.

3. Land Acquisition and Bureaucratic Hurdles

Setting up large-scale solar projects requires significant land acquisition, which can be time-consuming and complex due to legal and bureaucratic challenges. Delays in securing government approvals can slow down project execution, affecting revenue generation for solar companies.

4. Limited Awareness and After-Sales Support

A lack of awareness, especially in rural areas, hinders the widespread adoption of solar energy. Additionally, concerns over warranty support and maintenance services from implementation partners remain a major challenge for solar power users. Investors should consider how well a company addresses these concerns when assessing its growth potential.

Conclusion

India’s solar energy sector presents significant investment opportunities, driven by rapid capacity expansion, supportive government policies, and growing demand for clean energy. However, investors must carefully assess financial stability, global supply chain risks, and regulatory factors before investing. 

While challenges such as high initial costs, import dependence, and bureaucratic hurdles exist, companies with strong fundamentals and strategic advantages are well-positioned to benefit from India’s transition to renewable energy.

 

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 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.

Meet Kewal Shah: The Fund Manager Driving Angel One Nifty Total Market Index Fund

Kewal Shah, an experienced fund manager with over a decade in the mutual fund industry, has been appointed as one of the fund managers for the Angel One Nifty Total Market Index Fund.

Shah, 35, holds a PGDM in Finance and brings a wealth of experience in fund management, particularly in passive investing strategies.

Kewal Shah’s Experience and Industry Expertise

With over 10 years of experience in the mutual fund industry, Kewal Shah has built a strong track record in operations, dealing functions, and fund management.

Before joining Angel One AMC, he was associated with ICICI Prudential AMC as a Fund Manager, where he managed domestic and international ETFs along with other passive funds for approximately 2.5 years.

Prior to this, he spent around five years in the Operations team, gaining deep insights into fund management processes and execution.

Shah has also worked with Philip Capital (India) Pvt. Ltd. and JM Financial Services Ltd., where he was part of the Operations team, further strengthening his expertise in the investment ecosystem.

Driving Angel One’s Passive Investment Strategy

With his extensive experience in managing ETFs and index funds, Shah is expected to play a critical role in Angel One AMC’s passive investment strategy, ensuring that investors benefit from cost-effective, transparent, and diversified equity market exposure.

As Angel One AMC marks its entry into the asset management space, Shah’s leadership in the Angel One Nifty Total Market Index Fund is poised to offer investors a seamless and efficient investment option, reinforcing the company’s commitment to democratising equity investments in India.

Angel One AMC Launches First NFO and ETF

Angel One Asset Management Company (AMC) has introduced its first-ever New Fund Offer (NFO), the Angel One Nifty Total Market Index Fund, currently open for subscription until February 21, 2025.

This open-ended scheme aims to replicate and track the Nifty Total Market Index, allowing investors to participate in India’s equity market growth without the complexities of stock selection and portfolio management.

Additionally, Angel One AMC has launched India’s first ETF tracking the Nifty Total Market Index, the Angel One Nifty Total Market ETF.

Both funds offer investors broad market exposure, sector diversification, and reduced risk from over-concentration in specific industries, making them attractive options for those seeking simplified yet comprehensive equity market investments.

Conclusion 

Kewal Shah’s appointment as a fund manager at Angel One AMC underscores the company’s commitment to passive investing.

With his expertise in ETFs and index funds, Shah is set to drive innovation and efficiency, ensuring investors gain diversified, transparent, and cost-effective access to India’s equity markets through Angel One’s new offerings.

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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 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.

LIC Receives ₹479.88 Crore GST Demand Order from Mumbai Tax Authorities

State-owned insurer Life Insurance Corporation of India (LIC) announced on Thursday (February 27) that it has received a Goods and Services Tax (GST) demand order from the Deputy Commissioner of State Tax, Mumbai, for the financial year 2020-21. The total demand, including GST, interest, and penalty, amounts to ₹479.88 crore.

Breakdown of GST Demand

The total demand comprises:

  • ₹242.23 crore in GST
  • ₹213.43 crore in interest
  • ₹24.22 crore as penalty

The notice has been issued on the grounds of alleged wrong availment and short reversal of input tax credit (ITC), interest on late payments, and short payment of tax liability.

GST Order Details 

In a regulatory filing, LIC stated, “This is to inform that the Life Insurance Corporation of India (the Corporation) has received communication/ demand order for Goods & Service Tax, Interest, and Penalty for Maharashtra State. The order is appealable before the Joint Commissioner of State Tax (Appeals), Mumbai.”

LIC Assures No Material Impact on Financials or Operations

Despite the significant tax demand, LIC has assured stakeholders that the demand does not have any material impact on its financials, operations, or other activities.

“The financial impact of the demand is to the extent of the GST, interest, and penalty. There is no material impact on financials, operations, or other activities of the Corporation,” LIC clarified.

LIC is expected to appeal the order before the appropriate authorities, and further developments on the matter will be closely monitored by investors and industry stakeholders.

Stock Performance 

On February 28, 2025, LIC share price traded 0.49% lower at ₹737.50 at 9:56 AM (IST). LIC’s share price reached a 52-week high of ₹1,221.50 and a 52-week low of ₹729.00. As per BSE, the total traded volume for the stock stood at 0.35 lakh shares with a turnover of ₹2.56 lakhs.

 

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 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.

Kernex Microsystems Secures ₹325 Crore Kavach Safety System Contract from South Eastern Railway

Kernex Microsystems (India) Ltd announced on Thursday (February 27) that South Eastern Railway has issued a Letter of Acceptance (LoA) to the KERNEX-MRT consortium for the supply, installation, testing, and commissioning of the Kavach safety system on “GO & GO” routes spanning 688 Route Kilometer (RKM) in the Kharagpur and Chakradharpur divisions.

In a regulatory filing, Kernex Microsystems stated, “We would like to inform you that the ‘South Eastern Railways, Kolkata’ has issued a Letter of Acceptance (LoA) to KERNEX-MRT CONSORTIUM for the project viz, Supply, Installation, Testing & Commissioning of Kavach on GO & GO routes (688 RKM), including associated works on sections of Kharagpur & Chakradharpur divisions of South Eastern Railway.”

Contract Details and Execution Timeline

The contract is valued at ₹325.33 crore, inclusive of GST, and has a completion timeline of 1,000 days from the appointed date. Kernex Microsystems is the lead member of the consortium responsible for executing the project.

Kavach: Enhancing Railway Safety

Kavach is an advanced Train Collision Avoidance System (TCAS) designed to significantly enhance railway safety by preventing incidents such as:

  • Signal Passing at Danger (SPAD)
  • Over-speeding
  • Train collisions

By deploying Kavach, Indian Railways aims to strengthen safety measures across key railway corridors, reducing the risk of accidents and improving operational efficiency.

Stock Performance 

On February 28, 2025, Kernex Microsystems share price traded 2.28% higher at ₹872 at 9:34 AM (IST). Kernex Microsystems’s share price reached a 52-week high of ₹1,584 and a 52-week low of ₹333.55. As per BSE, the total traded volume for the stock stood at 6403 shares with a turnover of ₹56.47 lakhs.

At the current price, Kernex Microsystems shares are trading at a price-to-earnings (P/E) ratio of 215.83x, based on its trailing 12-month earnings per share (EPS) of ₹3.96, and a price-to-book (P/B) ratio of 10.77, according to exchange data.

 

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 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.

Coal India Announces Uniform ₹300 Per Tonne Levy Across NCL Mines

Coal India has announced a uniform levy of ₹300 per tonne across all mines operated by its subsidiary, Northern Coalfields Ltd (NCL). This new charge will come into effect from May 1, 2025.

Board Approval and Revenue Impact

The move has been approved by the CIL board and is expected to generate additional revenue of approximately ₹3,877.50 crore. The uniform levy aims to standardize charges across NCL’s mining operations and support various infrastructural and resettlement initiatives.

Introduction of ‘Singrauli Punarasthapan Charge’

The levy, named the “Singrauli Punarasthapan Charge,” will be imposed over and above the notified coal prices. This was confirmed in a regulatory filing with stock exchanges, ensuring transparency in the pricing structure for coal consumers.

Strategic Implications

The introduction of this levy aligns with CIL’s broader strategy to streamline coal pricing mechanisms and generate additional funds for operational enhancements and rehabilitation projects. The uniform levy is expected to impact coal buyers, including power plants and industrial users, who will now have to factor in the additional charge in their procurement costs.

Stock Performance

On February 28, 2025, Coal India share price traded 2.02% higher at ₹371.20 at 9:16 AM (IST). Coal India’s share price reached a 52-week high of ₹544.70, and a 52-week low of ₹349.20. As per BSE, the total traded volume for the stock stood at 0.26 lakh shares with a turnover of ₹95.52 lakhs.

At the current price, Coal India shares are trading at a price-to-earnings (P/E) ratio of 13.27x, based on its trailing 12-month earnings per share (EPS) of ₹27.92, and a price-to-book (P/B) ratio of 12.99, according to exchange data.

Shareholding Details

As of December 31, 2024, Coal India promoters held 63.13% of the shares, Foreign Institutional Investors (FIIs) owned 8.58%, and Domestic Institutional Investors (DIIs) held 22.59%.

Coal India Q3 FY25 Results

In Q3 FY25, the total income stood at ₹37,923 crore, marking a slight decline of ₹434 crore (1%) from ₹38,357 crore in Q3 FY24.

The profit after tax (PAT) was ₹8,491 crore, down by ₹1,801 crore (17%) compared to ₹10,292 crore in the same quarter of the previous year.

 

 

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 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.

GE Power India Secures Additional ₹273.5 Crore Contract for Saundatti Hydro Project

GE Power India (GEPIL) has secured an additional contract worth ₹2,735 million (₹273.5 crore), exclusive of taxes, from GREENKO KA01 IREP Private Ltd. This contract is part of an existing agreement for the Saundatti Hydro Project in Belagavi, Karnataka.

In a regulatory filing, GE Power India stated, “…we would like to notify that there has been an addition in the scope of the aforementioned contract with GREENKO KA01 IREP Pvt. Ltd.”

Scope of Additional Work

The additional contract covers engineering, manufacturing, procurement, supply, installation, and testing of electromechanical equipment for an additional 320 MW unit at the Saundatti pumped storage project (PSP). This new unit expands the original project scope, further strengthening GE Power India’s role in the hydroelectric initiative.

Initial Contract Details

The initial contract, valued at approximately ₹863.4 crore ($113 million), was awarded on April 29, 2022. It included the supply and installation of the complete electro-mechanical package for:

  • 3 x 320 MW vertical Francis pump-turbine fixed-speed machines
  • 2 x 160 MW vertical Francis pump-turbine fixed-speed machines

With the addition of the new 320 MW unit, the total hydro capacity under this project now increases further.

Stock Performance 

On February 27, 2025, GE Power India share price ended 3.48% lower at ₹245.15. GE Power India’s share price reached a 52-week high of ₹646.55, and a 52-week low of ₹220.80. As per BSE, the total traded volume for the stock stood at 0.33 lakh shares with a turnover of ₹83.42 lakhs.

At the current price, GE Power India shares are trading at a price-to-earnings (P/E) ratio of 28.05x, based on its trailing 12-month earnings per share (EPS) of ₹8.74, and a price-to-book (P/B) ratio of 14.72, according to exchange data.

 

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 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.

Granules India Receives USFDA Warning Letter for Gagillapur Facility

Granules India announced on Thursday (February 27) that the United States Food and Drug Administration (US FDA) has issued a Warning Letter for its Gagillapur facility following an inspection conducted in August 2024.

The company stated in a regulatory filing that the classification of “Official Action Indicated” (OAI) remains, but the regulator has not signalled any further escalation.

Granules to Respond and Seek Meeting with US FDA

In response to the Warning Letter, Granules India affirmed its commitment to addressing the regulatory concerns and ensuring compliance. The company plans to submit a response within the stipulated time frame and will seek a meeting with the US FDA to demonstrate its ongoing compliance efforts.

“We will respond within the stipulated time frame and seek a meeting with the FDA to demonstrate ongoing progress towards compliance. We remain confident that this matter will be resolved satisfactorily within a reasonable timeframe,” Granules India said.

OAI Classification and Previous Observations

In December 2024, Granules India informed stakeholders that the US FDA had classified its Gagillapur facility in Telangana as “Official Action Indicated” (OAI). This followed a Form 483 issued by the US FDA in September 2024, which outlined six observations regarding the facility.

Impact on Product Submissions and Existing Operations

The Warning Letter may temporarily impact the review of pending product submissions from the Gagillapur facility. However, Granules India confirmed that the manufacturing and distribution of existing products from the site remain unaffected.

Remediation Measures Implemented by Granules India

Following the FDA audit and the six Form 483 observations, Granules India implemented a comprehensive remediation plan. The company voluntarily paused manufacturing and dispatches in September 2024 to conduct a thorough risk assessment, ensuring no product contamination or safety concerns before resuming operations.

Key remediation efforts include:

  • Corrective and Preventive Actions (CAPAs)
  • Oversight by three independent consulting firms
  • Continuous product testing
  • Monthly updates to the FDA

The Warning Letter highlights four key areas previously outlined in the Form 483 observations. Granules India stated that significant progress has been made in addressing these concerns, with most corrective actions completed and the remaining ones progressing as scheduled.

“Granules has been providing regular updates to the FDA on the progress and effectiveness of these remediation measures through monthly updates. A key focus of these efforts remains risk mitigation, ensuring that there is no adverse impact on the safety or quality of products manufactured and distributed from the Gagillapur facility,” the company stated.

Future Outlook and Expansion Plans

Despite the regulatory challenges at Gagillapur, Granules India remains optimistic about its long-term growth prospects. The company is focusing on multiple strategic initiatives, including:

  • New product launches from its Granules Pharmaceuticals Inc. (GPI) facility in the US
  • Capacity expansion at Genome Valley
  • Increased production in Europe
  • Expansion of its oncology pipeline from Unit V

Granules India reiterated its commitment to compliance and regulatory excellence, ensuring that necessary measures are in place to address the US FDA’s concerns while maintaining its growth trajectory.

Stock Performance 

On February 27, 2025, Granules India share price ended 1.18% lower at ₹507.70. Granules India’s share price reached a 52-week high of ₹724.55, and a 52-week low of ₹382.05. As per BSE, the total traded volume for the stock stood at 0.21 lakh shares with a turnover of ₹1.05 crore.

At the current price, Granules India shares are trading at a price-to-earnings (P/E) ratio of 38.17x, based on its trailing 12-month earnings per share (EPS) of ₹13.30, and a price-to-book (P/B) ratio of 3.83, according to exchange data.

 

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 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.

Best Battery Stocks in March 2025 5yr CAGR Basis: HBL Engineering, High Energy Batteries & More

India’s battery sector is experiencing significant expansion, driven by the increasing adoption of electric vehicles (EVs), advancements in renewable energy storage, and rising demand for consumer electronics.

The Indian battery market is estimated to be valued at $8.41 billion in 2025 and is expected to grow at a compound annual growth rate (CAGR) of 16.8%, reaching $18.28 billion by 2030. This surge is attributed to strong policy support, technological advancements, and increasing investments in the sector.

Investors looking to capitalise on this growth may consider leading battery stocks in India. The best-performing stocks for March 2025 have been identified based on key financial parameters, including five-year CAGR, market capitalisation, and net profit margin.

Best Battery Stock in March 2025 Based on 5Y CAGR

Name Market Cap (₹ Crore) ↓5Y CAGR (%) PE Ratio
HBL Engineering Ltd 12,849.37 95.94 45.75
High Energy Batteries (India) Ltd 446.09 54.43 26
Kabra Extrusion Technik Ltd 1,288.57 40.65 38.11
Eveready Industries India Ltd 2,342.71 37.93 35.09
UNO Minda Ltd 48,981.92 35.32 55.64

Note: The best Battery stocks list is as of February 27, 2025. The stocks are sorted based on the 5Y CAGR. The following parameters have been used to screen the stocks.

Overview of the Best Battery Stocks in March 2025

  • HBL Engineering Ltd

HBL Engineering, founded in 1977, specializes in industrial, defence, and aviation batteries, along with railway electronics and electric mobility solutions. Key products include train collision avoidance systems, train management systems, and electric drivetrain kits.

HBL Engineering Q3 FY25 revenue fell 25.22% YoY to ₹452.10Cr, with a 15.24% quarterly decline. Net profit dropped 18.26% YoY to ₹64.61Cr, while net profit margin rose 9.31% YoY to 14.29%.

Key metrics:

  • Earning per share (EPS): ₹10.35
  • Return on equity (ROE): 21.32%
  • High Energy Batteries (India) Ltd

High Energy Batteries (India) Ltd, founded in 1979 by the ESVIN Group, manufactures aerospace, naval, and power system batteries for defence and commercial sectors, exports globally, and focuses on quality, sustainability, and stakeholder value through advanced technology.

High Energy Batteries (India) Ltd reported a 24.16% year-on-year revenue decline to ₹13.62Cr in Q3 FY2024-25, with a 16.39% drop from the previous quarter, reflecting a downturn in business performance over the last three months.

Key metrics:

  • EPS: ₹11.21
  • ROE: 11.19%
  • Kabra Extrusion Technik Ltd

Kabra Extrusion Technik Ltd, part of the Kolsite Group, manufactures plastic extrusion machinery for pipes and films. It exports globally, partners with Battenfeld for technology, and recently expanded into lithium-ion battery packs, serving infrastructure, packaging, and agriculture sectors.

Kabra Extrusion Technik Q3 FY25 revenue declined by 1.55% year-over-year to ₹124.01 crore. Every quarter, the company recorded a 4.62% drop in revenue over the last three months.

Key metrics:

  • EPS: ₹11.15
  • ROE: 8.44%
  • Eveready Industries India Ltd

Eveready Industries India Ltd. (EIIL) manufactures batteries, lighting products, and industrial components. Originally Union Carbide India Ltd., it has operated since 1905 and is the world’s third-largest carbon zinc battery producer, offering dry cell and rechargeable batteries.

Eveready Industries India reported a 55% YoY rise in Q3 FY25 net profit to ₹13 crore, with revenue up 9% to ₹333.5 crore. EBITDA grew 16.5% to ₹29 crore, and EBITDA margin improved to 8.7%.

Key metrics:

  • EPS: ₹11.00
  • ROE: 18.40%
  • UNO Minda Ltd

Uno Minda Limited, founded in 1958, designs and manufactures automotive components globally. With facilities in India, Indonesia, Vietnam, Spain, and Mexico, it focuses on innovation, EV opportunities, and R&D, producing lighting, seating, sensors, and alloy wheels.

Uno Minda reported net profit rose 20% YoY to ₹157 crore, while revenue grew 20% to ₹3,136 crore from ₹2,611 crore last year. The Gurugram-based auto component manufacturer showed strong growth.

Key metrics:

  • EPS: ₹12.35
  • ROE: 17.26%

Best Battery Stock in March 2025 Based on Market Cap

Name ↓Market Cap (₹ Crore) PE Ratio 5Y Return (%)
UNO Minda Ltd 48,981.92 55.64 349.30%
Exide Industries Ltd 30,927.25 35.28 115.21%
Amara Raja Energy & Mobility Ltd 19,152.69 20.50 49.27%
HBL Engineering Ltd 12,849.37 45.75
Eveready Industries India Ltd 2,342.71 35.09 372.96%

Note: The best Battery stocks list here is as of February 27, 2025. The stocks are sorted based on the market cap. 

Best Battery Stocks in March 2025- Based on Net Profit Margin

Name ↓Net Profit Margin (%) Close Price  PE Ratio
Panasonic Carbon India Co Ltd 30.10 483 12.48
High Energy Batteries (India) Ltd 21.02 497.65 26.00
HBL Engineering Ltd 12.38 463.55 45.75
Amara Raja Energy & Mobility Ltd 9.69 1,046.45 20.50
Goldstar Power Ltd 7.91 10.05 59.88

Note: The best battery stocks list here is as of February 25, 2025. The stocks are sorted based on the net profit margin. 

Key Drivers of Growth in the Battery Sector

India’s battery industry is set for significant expansion, driven by the growing adoption of electric vehicles (EVs) and the country’s ambitious renewable energy targets.

With demand for lithium-ion batteries projected to reach 54 GWh by FY27 and 127 GWh by FY30, the sector is witnessing increased investment and policy support.

Government Initiatives Fuel Industry Expansion

The Indian government has introduced various schemes to accelerate battery adoption, including:

  • Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME)

This scheme provides subsidies to reduce the cost of EVs.

  • Viability Gap Funding

Aimed at making Battery Energy Storage Systems (BESS) more cost-effective for large-scale deployment.

  • Production Linked Incentive (PLI) Scheme

Incentivises domestic battery production to reduce reliance on imports and strengthen India’s manufacturing ecosystem.

Investment Potential in Battery Stocks

With strong government backing and increasing demand, investing in battery stocks presents several advantages:

  • High Growth Potential

The global push for clean energy and EVs is fueling demand for batteries.

  • Diverse Applications

Batteries are used across automotive, renewable energy, consumer electronics, and industrial sectors, ensuring multiple revenue streams.

  • Technological Advancements

Innovations in solid-state and enhanced lithium-ion batteries provide long-term growth opportunities.

Challenges in the Battery Sector

Despite its growth trajectory, the battery industry faces certain risks:

  • Raw Material Dependence

Battery manufacturing relies on lithium, cobalt, and nickel, which are subject to price fluctuations and supply chain constraints.

  • Regulatory and Environmental Concerns

Mining and disposal regulations increase compliance costs and operational complexities.

Conclusion

While several companies are contributing to India’s battery revolution, investors should carefully assess each company’s business model, financials, and long-term viability before making investment decisions. With policy support and technological advancements, India’s battery sector is set to play a crucial role in the country’s clean energy transition.

 

 

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 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.

Go Digit General Insurance Acquires Stake in Dr Reddy’s Laboratories for ₹30.06 Crore

Go Digit General Insurance has acquired a 0.32% stake in pharmaceutical major Dr Reddy’s Laboratories through a cash infusion of ₹30.06 crore. The insurance company disclosed the transaction in a stock exchange filing on Tuesday.

Insurance Companies Diversifying into Healthcare

Go Digit’s move to invest in a pharmaceutical company aligns with a broader trend of insurance firms expanding into healthcare.

Notably, PB Fintech, which operates Policybazaar, has launched PB Healthcare, a subsidiary focused on healthcare services.

Go Digit’s Financial Performance

Go Digit General Insurance provides a range of insurance products, including motor, travel, and health insurance. For the December 2024 quarter, the company posted a total revenue of ₹2,676 crore and a net profit of ₹118 crore.

Stock Performance

On February 27, 2025, Go Digit General Insuranceshare price traded 1.71% higher at ₹306.55 at 10:17 AM (IST). Go Digit General Insurance’s share price reached a 52-week high of ₹407.55 and a 52-week low of ₹276.80. As per BSE, the total traded volume for the stock stood at 9165 shares with a turnover of ₹28.04 lakhs.

 

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 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.

Income Tax Department Conducts Search at Prestige Estates Projects Offices

Real estate firm Prestige Estates Projects announced on Tuesday, February 25, that the Income Tax Department has launched a search operation at its registered office and various branch offices starting February 25, 2025.

Company Confirms IT Search, Assures Full Cooperation

In a regulatory filing, Prestige Estates Projects stated “We hereby inform that the Income Tax Department is searching for the Registered Office and other branch offices of the Company from February 25, 2025. The company is fully cooperating with the authorities, providing them with all necessary information and support.”

The company further noted that at this stage, the details of the investigation, as well as any potential financial or operational impact, remain uncertain.

Q3 FY25 Performance

The search operation comes at a time when the real estate firm is experiencing a downturn in its financial performance. For the third quarter ending December 31, 2024, the company reported a sharp 84.8% decline in consolidated net profit, which fell to ₹17.70 crore, compared to ₹116.30 crore in the same period last year.

Revenue also took a hit, declining by 7.9% YoY to ₹1,654.50 crore, down from ₹1,795.80 crore in Q3 FY24.

However, despite the drop in profit and revenue, EBITDA rose by 7% to ₹590.10 crore, with margins improving to 35.7% from 30.7% in the year-ago period.

Stock Performance

On February 27, 2025, Prestige Estates Projectsshare price traded 3.32% lower at ₹1,152.85 at 9:39 AM (IST). Prestige Estates Projects’ share price reached a 52-week high of ₹2,072.75, and a 52-week low of ₹967.10. As per BSE, the total traded volume for the stock stood at 4042 shares with a turnover of ₹46.98 lakhs.

At the current price, Prestige Estates Project shares are trading at a price-to-earnings (P/E) ratio of 210.40x, based on its trailing 12-month earnings per share (EPS) of ₹5.48, and a price-to-book (P/B) ratio of 4.24, according to exchange data.

 

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 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.