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58 of 58 companies
| Company | Mkt Cap | Directness | Rev 3Y CAGR | EBITDA % | ROCE | Net Debt/EBITDA | P/E | EV/EBITDA | EV/Sales | Val %ile | Fund / Tech | Decision |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Reliance Industries RELIANCE · Solar Cells | ₹18.95 L Cr | 15 | 6.5% | 17.0% | 10.5% | 2.2x | 23.5x | 12.8x | 2.2x | 0 | 48/52 | Sell / Avoid |
NTPC NTPC · IPP / Developer | ₹3.85 L Cr | 35 | 12.3% | 29.0% | 10.8% | 4.6x | 16.0x | 11.7x | 3.4x | 0 | 56/78 | Hold |
Adani Enterprises ADANIENT · Solar Modules | ₹3.26 L Cr | 55 | -7.6% | 14.0% | 6.0% | 7.6x | 103.0x | 30.9x | 4.3x | 0 | 29/76 | Sell / Avoid |
Power Grid Corporation POWERGRID · Transmission & Grid | ₹2.89 L Cr | 55 | 3.2% | 85.0% | 12.8% | 3.4x | 18.6x | 10.8x | 9.2x | 0 | 49/77 | Sell / Avoid |
Hindustan Zinc HINDZINC · Specialty Chemicals | ₹2.69 L Cr | 15 | 6.2% | 54.0% | 69.6% | 0.4x | 19.4x | 12.6x | 6.8x | 0 | 78/68 | Hold |
Hindalco HINDALCO · Aluminium Frames | ₹2.31 L Cr | 22 | 6.9% | 13.0% | 14.8% | 2.0x | 13.4x | 9.3x | 1.2x | 0 | 50/76 | Hold |
Adani Green Energy ADANIGREEN · IPP / Developer | ₹2.29 L Cr | 95 | 18.5% | 83.0% | 7.0% | 9.6x | 126.0x | 30.9x | 25.7x | 0 | 55/69 | Sell / Avoid |
Adani Energy Solutions ADANIENSOL · Transmission & Grid | ₹1.62 L Cr | 60 | 27.6% | 29.0% | 9.7% | 6.2x | 70.8x | 26.4x | 7.6x | 0 | 66/79 | Sell / Avoid |
Power Finance Corporation PFC · Financing | ₹1.49 L Cr | 50 | 12.0% | — | 9.7% | — | 5.9x | — | 10.5x | 0 | 43/74 | Sell / Avoid |
Tata Power TATAPOWER · IPP / Developer | ₹1.39 L Cr | 78 | 15.2% | 19.0% | 10.8% | 5.2x | 36.8x | 16.6x | 3.1x | 0 | 60/73 | Hold |
Polycab India POLYCAB · Cables & Conductors | ₹1.37 L Cr | 45 | 27.0% | 14.0% | 34.3% | 0.1x | 51.1x | 34.1x | 4.7x | 0 | 93/71 | Sell / Avoid |
CG Power CGPOWER · Transmission & Grid | ₹1.36 L Cr | 45 | 21.2% | 13.0% | 27.0% | 0.1x | 110.0x | 83.5x | 10.9x | 0 | 73/73 | Sell / Avoid |
ABB India ABB · Inverters | ₹1.35 L Cr | 35 | — | 15.0% | 29.9% | 0.0x | 88.4x | 65.9x | 10.2x | 0 | 74/64 | Sell / Avoid |
Siemens India SIEMENS · Transmission & Grid | ₹1.29 L Cr | 30 | 2.5% | 12.0% | 15.8% | 0.1x | 78.7x | 64.2x | 7.4x | 0 | 42/69 | Sell / Avoid |
Vedanta VEDL · Aluminium Frames | ₹1.17 L Cr | 20 | -18.9% | 30.0% | 16.5% | 1.2x | 13.6x | 6.2x | 1.8x | 0 | 67/77 | Hold |
JSW Energy JSWENERGY · IPP / Developer | ₹98.53K Cr | 65 | 12.9% | 44.0% | 6.5% | 9.6x | 42.5x | 28.5x | 12.7x | 0 | 42/79 | Sell / Avoid |
REC RECLTD · Financing | ₹93.31K Cr | 50 | 14.7% | 35.0% | 9.7% | 24.8x | 5.8x | 29.3x | 10.2x | 0 | 48/50 | Sell / Avoid |
Waaree Energies WAAREEENER · Solar Modules | ₹92.98K Cr | 98 | 57.8% | 22.0% | 38.8% | 0.5x | 23.7x | 16.3x | 3.6x | 0 | 89/67 | Buy |
NTPC Green Energy NTPCGREEN · IPP / Developer | ₹90.29K Cr | 95 | — | 87.0% | 4.9% | 10.1x | 162.0x | 57.2x | 49.7x | 0 | 43/63 | Sell / Avoid |
SRF SRF · Specialty Chemicals | ₹83.00K Cr | 20 | 2.0% | 22.0% | 14.6% | 1.5x | 43.6x | 25.8x | 5.6x | 0 | 51/58 | Hold |
NHPC NHPC · IPP / Developer | ₹80.35K Cr | 40 | 4.3% | 52.0% | 7.4% | 7.3x | 25.5x | 22.1x | 11.6x | 0 | 38/58 | Sell / Avoid |
Havells India HAVELLS · Cables & Conductors | ₹77.70K Cr | 25 | 10.0% | 10.0% | 24.9% | 0.1x | 45.1x | 35.4x | 3.5x | 0 | 72/45 | Hold |
Suzlon Energy SUZLON · IPP / Developer | ₹73.10K Cr | 25 | 18.3% | 17.0% | 32.5% | 0.2x | 22.7x | 39.4x | 6.7x | 0 | 76/53 | Hold |
NALCO NATIONALUM · Aluminium Frames | ₹72.28K Cr | 18 | 7.8% | 44.0% | 39.6% | 0.0x | 12.3x | 9.1x | 4.1x | 0 | 87/78 | Hold |
Hindustan Copper HINDCOPPER · Cables & Conductors | ₹55.27K Cr | 18 | 4.4% | 36.0% | 23.7% | 0.2x | 83.5x | 75.1x | 26.8x | 0 | 71/65 | Sell / Avoid |
Apar Industries APARINDS · Cables & Conductors | ₹51.62K Cr | 65 | 25.9% | 9.0% | 32.7% | 0.4x | 52.0x | 33.0x | 2.8x | 0 | 88/70 | Sell / Avoid |
KEI Industries KEI · Cables & Conductors | ₹48.99K Cr | 42 | 19.4% | 10.0% | 20.1% | 0.2x | 53.4x | 40.1x | 4.2x | 0 | 73/74 | Sell / Avoid |
Premier Energies PREMIERENE · Solar Cells | ₹45.92K Cr | 96 | 106.3% | 27.0% | 41.1% | 1.1x | 34.5x | 26.9x | 7.3x | 0 | 89/68 | Hold |
IREDA IREDA · Financing | ₹36.98K Cr | 95 | — | 32.0% | 9.4% | 30.2x | 19.5x | 47.5x | 15.1x | 0 | 42/50 | Sell / Avoid |
SJVN SJVN · IPP / Developer | ₹30.60K Cr | 55 | 8.3% | 72.0% | 4.9% | 12.2x | 48.4x | 25.9x | 18.8x | 0 | 34/52 | Sell / Avoid |
Exide Industries EXIDEIND · Storage | ₹30.21K Cr | 35 | 6.1% | 10.0% | 8.8% | 0.8x | 35.1x | 17.0x | 1.8x | 0 | 35/57 | Sell / Avoid |
HBL Engineering HBLENGINE · Storage | ₹23.08K Cr | 30 | 16.8% | 20.0% | 27.3% | 0.2x | 28.3x | 58.9x | 11.8x | 0 | 87/64 | Hold |
RR Kabel RRKABEL · Cables & Conductors | ₹21.74K Cr | 32 | 20.2% | 8.0% | 28.1% | 0.4x | 42.8x | 28.2x | 2.3x | 0 | 81/74 | Hold |
Kalpataru Projects International KPIL · Transmission & Grid | ₹21.53K Cr | 60 | 14.7% | 9.0% | 16.0% | 2.1x | 25.4x | 12.7x | 1.2x | 0 | 49/77 | Sell / Avoid |
Tata Chemicals TATACHEM · Specialty Chemicals | ₹19.30K Cr | 28 | -4.6% | 12.0% | 3.6% | 4.4x | — | 15.1x | 1.9x | 0 | NaN/55 | Hold |
ACME Solar Holdings ACMESOLAR · IPP / Developer | ₹17.70K Cr | 96 | 16.0% | 88.0% | 8.9% | 11.2x | 35.6x | 21.1x | 18.6x | 0 | 47/72 | Sell / Avoid |
Finolex Cables FINCABLES · Cables & Conductors | ₹17.60K Cr | 30 | 12.2% | 10.0% | 17.7% | 0.0x | 25.8x | 32.5x | 3.3x | 0 | 48/72 | Sell / Avoid |
Inox Wind INOXWIND · IPP / Developer | ₹17.37K Cr | 22 | 78.5% | 21.0% | 11.5% | 2.0x | 34.6x | 24.9x | 5.3x | 0 | 58/45 | Hold |
Amara Raja Energy & Mobility ARE&M · Storage | ₹15.90K Cr | 32 | 13.9% | 13.0% | 16.2% | 0.2x | 23.2x | 10.0x | 1.3x | 0 | 67/57 | Hold |
KEC International KEC · Transmission & Grid | ₹15.66K Cr | 70 | 16.7% | 8.0% | 18.0% | 2.4x | 21.5x | 11.7x | 0.9x | 0 | 59/45 | Hold |
Techno Electric & Engineering TECHNOE · Transmission & Grid | ₹14.47K Cr | 62 | 31.4% | 15.0% | 16.5% | 0.1x | 30.9x | 42.8x | 6.4x | 0 | 71/58 | Hold / Watchlist |
Indian Energy Exchange IEX · Power Trading | ₹11.73K Cr | 40 | 15.4% | 84.0% | 51.4% | 0.0x | 23.8x | 22.6x | 19.1x | 0 | 85/44 | Sell / Avoid |
Genus Power GENUSPOWER · Smart Metering | ₹10.13K Cr | 45 | 52.8% | 19.0% | 19.2% | 2.9x | 18.7x | 24.5x | 4.7x | 0 | 74/69 | Hold / Watchlist |
Transformers and Rectifiers India TARIL · Transmission & Grid | ₹9.47K Cr | 60 | 21.6% | 15.0% | 23.3% | 1.2x | 35.8x | 25.9x | 4.0x | 0 | 77/48 | Hold |
KPI Green Energy KPIGREEN · C&I Open Access | ₹9.06K Cr | 92 | 61.2% | 36.0% | 13.8% | 5.4x | 19.1x | 14.9x | 5.3x | 0 | 74/64 | Hold / Watchlist |
Borosil Renewables BORORENEW · Solar Glass | ₹7.78K Cr | 100 | — | 4.0% | -4.4% | 4.3x | 81.7x | 138.4x | 5.4x | 0 | 34/62 | Sell / Avoid |
Sterling and Wilson Renewable Energy SWSOLAR · EPC | ₹4.99K Cr | 95 | 55.3% | 4.0% | 26.2% | 3.9x | 19.1x | 20.5x | 0.8x | 0 | 71/51 | Hold |
Websol Energy System WEBELSOLAR · Solar Cells | ₹4.81K Cr | 92 | — | 41.0% | 63.2% | 0.3x | 15.8x | 11.5x | 4.7x | 0 | 80/67 | Buy |
GHCL GHCL · Specialty Chemicals | ₹4.53K Cr | 25 | -12.3% | 22.0% | 18.0% | 0.1x | 9.6x | 6.7x | 1.5x | 0 | 52/50 | Hold |
Oriana Power ORIANA · C&I Open Access | ₹3.90K Cr | 90 | 124.2% | 21.0% | 42.3% | 2.3x | 16.8x | 50.4x | 10.7x | 0 | 81/51 | Hold |
Refex Renewables & Infrastructure REFEXIND · EPC | ₹3.50K Cr | 70 | 57.4% | 8.0% | 20.9% | 1.4x | 18.5x | 18.0x | 1.5x | 0 | 73/45 | Hold |
Insolation Energy INSOLATION · Solar Modules | ₹3.05K Cr | 88 | 83.8% | 12.0% | 34.7% | 0.7x | 17.2x | 19.6x | 2.4x | 0 | 89/49 | Hold |
Alpex Solar ALPEXSOLAR · Solar Modules | ₹2.50K Cr | 85 | 40.5% | 9.0% | 50.5% | 1.3x | 13.5x | 68.9x | 6.2x | 0 | 81/50 | Hold |
HPL Electric & Power HPL · Smart Metering | ₹2.42K Cr | 38 | 18.8% | 15.0% | 14.5% | 2.5x | 24.0x | 12.0x | 1.8x | 0 | 67/51 | Hold |
Servotech Renewable Power System SERVOTECH · Inverters | ₹2.20K Cr | 78 | 34.2% | 10.0% | 12.8% | 3.1x | 65.6x | 36.0x | 3.6x | 0 | 58/53 | Hold |
Solex Energy SOLEX · Solar Modules | ₹1.43K Cr | 90 | — | 11.0% | 29.9% | 2.0x | 27.0x | 21.7x | 2.4x | 0 | 64/55 | Hold |
Zodiac Energy ZODIAC · EPC | ₹477 Cr | 80 | — | 9.0% | — | 4.7x | 24.0x | 17.6x | 1.6x | 0 | 54/50 | Hold |
Gensol Engineering GENSOL · EPC | ₹80 Cr | 80 | 146.9% | 24.0% | 14.3% | 6.6x | 0.8x | 6.9x | 1.7x | 0 | 65/38 | Sell / Avoid |