- Date : 05/06/2023
- Read: 4 mins
Explore the leading green energy stocks in India, offering a promising investment opportunity for a sustainable future and substantial financial growth.
- Adani Green Energy: Strong growth despite challenges, impressive financials, and a significant decline in debt-to-equity ratio.
- SJVN: Government-owned hydroelectric power producer with consistent profitability and attractive dividend yield.
- Zodiac Energy: India's top residential rooftop solar installer, remarkable stock growth, and a broad range of energy solutions.
- KP Energy: Wind energy industry player with a strong project pipeline, substantial financial growth, and a market cap of ₹439.26 crore.
- Borosil Renewables: Sole solar glass manufacturer in India, revenue growth, and long-term stock growth of 1,218% in three years.
As the world grapples with the urgent need to combat climate change, the importance of green and renewable energy solutions has never been more evident. India, being one of the fastest-growing economies globally, has a substantial energy demand, which calls for a significant shift towards clean and sustainable sources of power. On the occasion of World Environment Day, it is worth shedding light on some of the top green energy stocks in India that are leading the charge towards a greener future.
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Adani Green Energy
Adani Green Energy, led by billionaire Gautam Adani, stands as one of the largest renewable energy companies in India. With a renewable energy portfolio of 20,434 MW, the company has been actively expanding its operational fleet and strengthening its project pipeline. Despite facing challenges due to allegations against the Adani Group by the US short-seller Hindenburg Research, Adani Green Energy has witnessed significant growth, with a 319% increase in consolidated net profit during the quarter ended March 2023. The company's debt-to-equity ratio has also seen a sharp decline, making it an attractive prospect for investors.
Satluj Jal Vidyut Nigam (SJVN)
SJVN, a government-owned entity, plays a vital role as a major hydroelectric power producer in India. With a diversified project portfolio of 45,409 MW, including significant capacities in hydropower, wind power, and solar power, SJVN has demonstrated consistent performance and profitability. The company has recorded a substantial increase in net profit in Q4FY23, driven by higher income. With its favourable dividend yield and a market cap of Rs. 14,033 crore, SJVN presents an appealing investment option.
Zodiac Energy, a prominent energy solution provider, specialises in designing, supplying, installing, and maintaining power plants. The company has established itself as India's top residential rooftop solar installer, having served over 10,000 customers and installed more than 100,000 KW of rooftop solar power plants. Zodiac Energy's stock price has witnessed impressive growth, rallying by 1,755% in three years. The company's consistent performance and significant market cap of nearly Rs. 159 crore make it a noteworthy player in the green energy sector.
KP Energy operates in the wind energy industry, offering Balance of Plant (BoP) solutions. With a substantial capacity already operationalised and a robust project pipeline, KP Energy is well-positioned for future growth. The company's impressive financial performance, including a significant jump in net profit and sales in Q4FY23, has driven its stock price up by 406% in three years.
Borosil Renewables, the only solar glass manufacturer in India, holds a vital position in the renewable energy value chain. Despite a slight dip in net profit, the company has experienced overall revenue growth. Borosil Renewables' stock price has witnessed remarkable long-term growth, rising by 1,218% in three years. With a market cap of Rs. 7,033 crore, the company remains a key player in the green energy sector.
As India continues its push towards reducing its carbon footprint, these top green energy stocks offer investors an opportunity to contribute to a sustainable future with potential for significant financial rewards. It is crucial to conduct thorough research and consult with financial experts before making investment decisions, considering factors such as the company's financial performance, debt-to-equity ratio, and long-term growth prospects.
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