Best Energy Stocks in India
Explore India’s top energy stocks as government backing, rising investments, and ambitious renewable energy targets power the green energy revolution.
Best Energy Stocks in India
Energy Stocks
List of Energy Stocks listed in NSE.
last updated at 6:30 AM IST
Showing 1 - 20 of 61 results
last updated at 6:30 AM IST
| NameStocks (61)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | NTPC LtdNTPC | Power GenerationPower Generation | 3,52,104.983,52,104.98 | 364.00364.00 | 16.9216.92 | 9.249.24 | -14.34-14.34 | 3.663.66 | 2.132.13 | 13.1713.17 | 10.6310.63 | |
| 2. | Adani Power LtdADANIPOWER | Power GenerationPower Generation | 2,11,503.152,11,503.15 | 549.70549.70 | 10.1510.15 | 6.746.74 | -10.09-10.09 | -8.09-8.09 | 4.884.88 | 56.7756.77 | 31.7231.72 | |
| 3. | Adani Green Energy LtdADANIGREEN | Renewable EnergyRenewable Energy | 1,49,668.771,49,668.77 | 947.15947.15 | 136.06136.06 | 4.674.67 | -45.44-45.44 | -46.65-46.65 | 8.588.58 | 8.878.87 | 10.8210.82 | |
| 4. | Ntpc Green Energy LtdNTPCGREEN | Renewable EnergyRenewable Energy | 90,994.4190,994.41 | 108.25108.25 | 263.97263.97 | 14.5514.55 | -11.02-11.02 | -11.02-11.02 | 14.6014.60 | 6.206.20 | 5.245.24 | |
| 5. | JSW Energy LtdJSWENERGY | Power GenerationPower Generation | 88,422.5588,422.55 | 507.90507.90 | 51.3351.33 | -4.32-4.32 | -24.96-24.96 | -19.19-19.19 | 4.214.21 | 8.678.67 | 8.368.36 | |
| 6. | NHPC LtdNHPC | Renewable EnergyRenewable Energy | 85,156.2585,156.25 | 84.9884.98 | 23.5023.50 | 7.587.58 | 1.011.01 | -5.05-5.05 | 1.941.94 | 8.468.46 | 6.756.75 | |
| 7. | Suzlon Energy LtdSUZLON | Renewable Energy Equipment & ServicesRenewable Energy Equipment & Services | 75,164.0875,164.08 | 55.0755.07 | 113.82113.82 | -0.11-0.11 | -23.72-23.72 | 33.8333.83 | 19.1719.17 | 26.3126.31 | 19.7519.75 | |
| 8. | Waaree Energies LtdWAAREEENER | Renewable Energy Equipment & ServicesRenewable Energy Equipment & Services | 66,574.4866,574.48 | 2,323.002,323.00 | 53.8153.81 | 8.798.79 | -0.68-0.68 | -0.68-0.68 | 16.0516.05 | 41.1741.17 | 32.0232.02 | |
| 9. | Premier Energies LtdPREMIERENE | Renewable EnergyRenewable Energy | 43,181.4143,181.41 | 967.25967.25 | 186.65186.65 | 7.817.81 | -11.64-11.64 | 15.1615.16 | 65.4465.44 | 42.6842.68 | 24.8724.87 | |
| 10. | SJVN LtdSJVN | Renewable EnergyRenewable Energy | 36,921.3036,921.30 | 94.1894.18 | 40.5140.51 | 8.568.56 | -22.97-22.97 | -26.39-26.39 | 2.622.62 | 6.536.53 | 4.754.75 | |
| 11. | CESC LtdCESC | Power GenerationPower Generation | 20,914.5220,914.52 | 158.16158.16 | 15.2015.20 | 12.1012.10 | -19.73-19.73 | 11.1111.11 | 1.751.75 | 11.7811.78 | 10.0810.08 | |
| 12. | Reliance Power LtdRPOWER | Power GenerationPower Generation | 16,882.5716,882.57 | 42.1342.13 | -8.16-8.16 | 25.3125.31 | -0.75-0.75 | 46.7946.79 | 1.451.45 | -16.61-16.61 | 2.312.31 | |
| 13. | ACME Solar Holdings LtdACMESOLAR | Renewable EnergyRenewable Energy | 12,287.3812,287.38 | 203.56203.56 | 17.6017.60 | 3.093.09 | -19.59-19.59 | -19.59-19.59 | 4.744.74 | 30.8830.88 | 14.2414.24 | |
| 14. | Waaree Renewable Technologies LtdWAAREERTL | Renewable EnergyRenewable Energy | 11,542.1811,542.18 | 1,107.201,107.20 | 50.3750.37 | 38.4038.40 | -34.81-34.81 | -51.28-51.28 | 49.7449.74 | 93.4593.45 | 111.84111.84 | |
| 15. | Jaiprakash Power Ventures LtdJPPOWER | Renewable EnergyRenewable Energy | 10,576.6610,576.66 | 15.4715.47 | 10.3510.35 | 17.4617.46 | -22.69-22.69 | -10.06-10.06 | 0.920.92 | 9.319.31 | 10.9510.95 | |
| 16. | GMR Power and Urban Infra LtdGMRP&UI | Power GenerationPower Generation | 9,564.919,564.91 | 134.13134.13 | -92.84-92.84 | 30.8630.86 | -0.31-0.31 | 146.11146.11 | -3.21-3.21 | -- | 13.8513.85 | |
| 17. | Azad Engineering LtdAZAD | Renewable Energy Equipment & ServicesRenewable Energy Equipment & Services | 9,443.509,443.50 | 1,465.801,465.80 | 161.23161.23 | 14.8714.87 | -7.29-7.29 | 15.3615.36 | 14.6414.64 | 13.8013.80 | 18.3218.32 | |
| 18. | KPI Green Energy LtdKPIGREEN | Renewable EnergyRenewable Energy | 8,390.828,390.82 | 427.20427.20 | 12.0212.02 | 11.0511.05 | -21.80-21.80 | -27.47-27.47 | 10.0410.04 | 127.66127.66 | 54.4754.47 | |
| 19. | Sterling and Wilson Renewable Energy LtdSWSOLAR | Renewable Energy Equipment & ServicesRenewable Energy Equipment & Services | 6,786.406,786.40 | 291.35291.35 | -32.02-32.02 | 31.2731.27 | -53.88-53.88 | -45.90-45.90 | 7.117.11 | -59.30-59.30 | 4.904.90 | |
| 20. | Websol Energy System LtdWEBELSOLAR | Renewable Energy Equipment & ServicesRenewable Energy Equipment & Services | 5,831.445,831.44 | 1,385.001,385.00 | -48.21-48.21 | 62.5662.56 | 10.1910.19 | 127.95127.95 | 54.1454.14 | -80.91-80.91 | -54.25-54.25 |
Update: Union Budget FY 2025-26 on Energy Sector
The Union Budget 2025-26 introduces key policy measures and financial allocations to strengthen India's energy sector. It focuses on expanding renewable energy, enhancing nuclear power capacity, securing petroleum reserves, and promoting clean technology manufacturing. Here are the major budgetary measures impacting the sector:
- Renewable Energy Expansion: The government has allocated ₹26,549 cr. to the Ministry of New and Renewable Energy for 2025-26, marking a 53.5% increase from the previous fiscal year.
- Nuclear Energy Development: A significant policy shift involves proposed amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act, enabling private sector participation in nuclear energy. The budget has earmarked ₹20,000 cr. for nuclear research and development, focusing on Small Modular Reactors (SMRs). The goal is to operationalise at least 5 SMRs by 2033.
- Strategic Petroleum Reserves: The government has allocated ₹5,597 cr. to expand India's strategic petroleum reserves to enhance energy security. This initiative aims to mitigate risks from global supply disruptions and includes developing new reserve facilities in Karnataka and Odisha.
- Support for Clean Technologies: The budget highlights the development of a green power technology ecosystem, supporting the domestic production of solar photovoltaic cells, electric vehicle batteries, electrolysers, wind turbines, and high-voltage transmission equipment.
- Green Hydrogen Mission: The National Green Hydrogen Mission has received an allocation of Rs. 600 cr., reinforcing the government's focus on green hydrogen as a key pillar of the clean energy transition.
- Solar Energy Initiatives: An allocation of ₹0.01 cr. for off-grid solar power initiatives have been made. The budget outlines an allocation of ₹1,500 cr. for grid-connected solar power projects.
Overview of the Top Energy Stocks in India
NTPC Ltd
NTPC Ltd, India's largest power utility, specialises in generating and supplying electricity across the nation. As one of the best utility stocks with a diversified portfolio, it operates thermal, hydro, solar, and wind power plants. It emphasises sustainable energy solutions and innovation to meet India’s growing energy demands.
Adani Power Ltd
Among the leading energy companies in India, Adani Power Ltd is part of the Adani Group and is a leading private sector thermal power producer in India. It operates large-scale power plants, focusing on generating electricity through coal-based and solar energy, with a commitment to supporting India’s industrial and economic growth.
Adani Green Energy Ltd
Adani Green Energy Ltd is a frontrunner in green energy stocks, focusing on solar and wind power generation. As a major player in renewable energy stocks, the company is instrumental in supporting India’s transition to clean energy sources through expansive capacity building and technological deployment.
JSW Energy Ltd
JSW Energy Ltd is among the top energy stocks in India’s energy sector, with a portfolio spanning thermal, hydro, and solar power generation. The company is committed to advancing renewable energy adoption while ensuring efficient and reliable power solutions.
NHPC Ltd
NHPC Ltd (National Hydroelectric Power Corporation) is an Indian public sector enterprise specialising in hydropower generation. As part of India’s alternative energy stocks landscape, develops, operates, and maintains hydroelectric power projects across India.
Advantages of Investing in Energy Stocks in India
Robust Growth Potential
India's increasing energy demand presents high-growth energy stocks, including mid-cap energy stocks, with significant expansion potential.
Government Support
The Indian government provides regular energy sector regulatory updates, incentives, subsidies, and favourable policies, enhancing investment stability.
Alignment with Sustainability Goals
Green energy stocks, including clean energy stocks and alternative energy stocks, play a key role in reducing reliance on fossil fuels. Their contribution is in line with India’s sustainability goals and global environmental targets.
Attractive Returns
Many energy companies in India, including the best energy stocks in India, have demonstrated strong financial performance, offering potential for substantial returns on investment.
Technological Advancements
Ongoing energy sector trends 2025 show a strong push toward innovation, with energy companies in India focusing on more efficient and eco-friendly power generation methods
Resilience to Economic Cycles
Energy is a fundamental necessity, making the future of energy stocks in India relatively resilient to economic downturns compared to other sectors. This quality benefits energy infrastructure stocks and small-cap energy stocks that are building niche capabilities in resilient segments.
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Factors to Consider Before Investing in Energy Stocks
Government Policies and Incentives
Government initiatives, subsidies, and regulatory frameworks significantly influence the profitability of energy stocks, including emerging energy companies. Staying informed about policy changes can provide insights into potential growth opportunities.
Fluctuations in Global Oil Prices
Energy sector stocks are sensitive to changes in global oil prices, which can directly impact the revenues and profits of companies involved in oil exploration, production, and distribution.
Technological Advancements
Energy technology stocks investing in new technologies, such as advanced solar panels, energy storage solutions, and green hydrogen, are likely to experience growth. Assessing a company's commitment to innovation is crucial.
Company Financial Health
Assessing energy company financial performance—particularly debt levels and operational efficiency—is critical in understanding their capacity for long-term stability.
Energy Mix and Sustainability
An organisation’s energy mix and shift toward renewable sources affect its alignment with sustainable energy investments. Companies at the forefront of clean energy transitions often exhibit stronger long-term positioning.
Market Volatility and Risks
The energy sector can be volatile due to factors like geopolitical tensions, supply chain disruptions, and competition. A comprehensive energy sector market analysis can help stakeholders understand these dynamics better.
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Frequently Asked Questions on Energy Stocks
1. What are the top energy companies in India by market capitalisation?
NTPC, Adani Power, and Adani Green Energy are among the largest energy companies in India by market cap.2. What factors should I consider before investing in energy stocks in India?
Consider government policies, company financial health, market demand, and global energy price trends when investing in energy stocks.3. How is the Indian government supporting renewable energy growth?
The renewable energy policy India offers incentives, subsidies, and favourable policies to promote renewable energy investments.4. What are the risks associated with investing in energy stocks in India?
Risks include market volatility, regulatory changes, and fluctuations in global energy prices.5. What is the future outlook for energy stocks in India?
The energy sector growth prospects remain significant, driven by sustainability goals, infrastructure upgrades, and clean energy initiatives.
