Industry analysis
Power Generation
Read from what its listed companies are showing. Valuations are compared within this industry.
Mixed
36 listed companies · ₹ 8,39,710 Cr. total market value- ●47% of companies grew sales by more than 8% from a year earlier; the typical company's profit fell 1.3%. 25% made a loss.
- ●2 credit rating upgrades and no downgrades in the last 90 days.
- –26 good and 1 bad company announcements, including 3 big orders won (read since 6 Oct 2026; not counted until there is a month of them).
- ▼The typical share is down 13% in 3 months; 20% of shares trade above their 200-day average (their usual level).
- –Typical P/E 35, close to these companies' usual level.
- –No shares issued in 90 days; 1 more fund raise on the way.
▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.
In charts
Share prices over the last year
The typical Power Generation share against the typical share on the market, both starting at 100. Now 74 vs 83.
Is growth speeding up or slowing down?
The typical company's sales and profit growth against the same quarter a year earlier.
Price against growth
Each dot is a company: further left is cheaper (lower P/E), higher up grew profit faster. Red dots passed the cheaper-than-peers screen. Companies beyond the chart's edges sit on the edge.
Cheaper than peers
Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.
No company here passes every test right now.
Cheaper than peers across the whole market
Leaders and laggards
Good news
- ACME Solar Holdings LtdBig order won
- Juniper Green Energy LtdExpansion or acquisition
- Adani Green EnergyStrong results
- JSW EnergyStrong results
- Jaiprakash Power VenturesStrong results
Warning signs
- Reliance PowerAction by a regulator
Best shares, 3 months
- Ujaas Energy+57.5%
- SRM Energy+36.1%
- Globus Constructors & Developers Ltd+31.2%
- ACME Solar Holdings Ltd+11.6%
- Veer Energy & Infrastructure+2.2%
Worst shares, 3 months
- K.P. Energy−46%
- Insolation Energy−38.2%
- Reliance Power−27.9%
- RattanIndia Power−27.8%
- KPI Green Energy−26.8%
Companies
Click a column to sort.
| Signs (90 days) | |||||||
|---|---|---|---|---|---|---|---|
| NTPC NTPC | Power Generation | ₹ 2,88,960.65 Cr. | +7.8% | +12.9% | 10.4 | −12.1% | |
| Adani Green Energy ADANIGREEN | Power Generation | ₹ 1,95,190.37 Cr. | +41.6% | +16% | 99.9 | −7.6% | Strong results |
| JSW Energy JSWENERGY | Power Generation | ₹ 81,699.99 Cr. | +1.2% | −36.2% | 41 | −13.9% | Strong results |
| NHPC NHPC | Power Generation | ₹ 70,315.24 Cr. | +18.5% | +4.2% | 18.5 | −6% | Expansion or acquisition |
| NTPC Green Energy NTPCGREEN | Power Generation | ₹ 68,312.26 Cr. | +62.8% | +38.6% | 112.7 | −8.9% | |
| NLC India NLCINDIA | Power Generation | ₹ 31,776.99 Cr. | +23.3% | −48% | 9.9 | −22.3% | |
| SJVN SJVN | Power Generation | ₹ 18,623.3 Cr. | +52% | −1.3% | 29.1 | −26% | |
| Clean Max Enviro Energy Solutions Ltd CLEANMAX | Power Generation | ₹ 14,164.09 Cr. | +107% | — | 88.2 | −5.6% | |
| Nava NAVA | Power Generation | ₹ 13,460.18 Cr. | +1.6% | −16.5% | 17.8 | −12.8% | |
| Juniper Green Energy Ltd JNPR | Power Generation | ₹ 13,336.55 Cr. | — | — | 913.6 | — | Expansion or acquisition |
| Vedanta Power Ltd VEDPOWER | Power Generation | ₹ 11,058.58 Cr. | — | Loss | 17.9 | −18.2% | |
| GMR Power and Urban Infra GMRP&UI | Power Generation | ₹ 7,511.75 Cr. | +3.5% | Loss | 40 | −3.7% | |
| Reliance Power RPOWER | Power Generation | ₹ 6,803.34 Cr. | +3.7% | +44.4% | 39.7 | −27.9% | Action by a regulator |
| KPI Green Energy KPIGREEN | Power Generation | ₹ 5,722.6 Cr. | +15.1% | −14.4% | 12.5 | −26.8% | |
| RattanIndia Power RTNPOWER | Power Generation | ₹ 3,372.43 Cr. | −2.8% | — | 30.3 | −27.8% | |
| Gujarat Industries Power Company GIPCL | Power Generation | ₹ 2,396.02 Cr. | +34.1% | +177.2% | 6.8 | +0.6% | |
| Ujaas Energy UEL | Power Generation | ₹ 2,247.14 Cr. | +14.3% | +30.5% | 137.1 | +57.5% | |
| Insolation Energy INA | Power Generation | ₹ 1,443.72 Cr. | +104.7% | −11.6% | 7.2 | −38.2% | |
| K.P. Energy KPEL | Power Generation | ₹ 1,103.38 Cr. | +135.9% | +4% | 6.1 | −46% | |
| Orient Green Power Company GREENPOWER | Power Generation | ₹ 921.14 Cr. | −6.9% | −17.2% | 17.2 | −20.1% | |
| GVK Power & Infrastructure GVKPIL | Power Generation | ₹ 330.06 Cr. | −100% | Loss | 10.8 | −13% | |
| Surana Telecom and Power SURANAT&P | Power Generation | ₹ 195.03 Cr. | 0% | +450% | 5.9 | −16.3% | |
| Globus Constructors & Developers Ltd 526025 | Power Generation | ₹ 189.98 Cr. | — | Loss | 17.5 | +31.2% | |
| Waaree Technologies 539337 | Power Generation | ₹ 174.01 Cr. | −79.9% | Loss | 926.3 | −22.5% | |
| Indowind Energy INDOWIND | Power Generation | ₹ 132.39 Cr. | −26.9% | −18.3% | 108.6 | −10.4% | |
| Energy Development Company ENERGYDEV | Power Generation | ₹ 63.33 Cr. | −38.4% | Loss | 117.3 | −23.3% | |
| WAA Solar 541445 | Power Generation | ₹ 53.18 Cr. | +523.7% | Loss | 69.9 | −7.8% | |
| Karma Energy KARMAENG | Power Generation | ₹ 37.49 Cr. | +4.6% | −27.9% | 94 | −10.4% | |
| SRM Energy 523222 | Power Generation | ₹ 27.8 Cr. | — | — | 88.3 | +36.1% | |
| Gita Renewable Energy 539013 | Power Generation | ₹ 26.38 Cr. | — | Loss | 176.2 | −6.6% | |
| Advance Metering Technology 534612 | Power Generation | ₹ 24.49 Cr. | −12.3% | −2.1% | 339.1 | −18.3% | |
| Veer Energy & Infrastructure 503657 | Power Generation | ₹ 18.83 Cr. | +169.2% | +64.5% | 18.6 | +2.2% | |
| IND Renewable Energy Ltd 536709 | Power Generation | ₹ 16.81 Cr. | — | Loss | 567 | −15.2% | |
| ACME Solar Holdings Ltd ACMESOLAR | Power Generation | — | +67.9% | +79.4% | 44.1 | +11.6% | Big order won |
| Jaiprakash Power Ventures JPPOWER | Power Generation | — | +5.1% | −81.9% | 7.2 | −22.5% | Strong results |
| Sustainable Ener SEITINVIT | Power Generation | — | +3% | +25.5% | 26.9 | — |
Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.