Best Stock for Solar Energy in India 2024
Green energy is the wave of the future when it comes to pollution. The government predicts that renewable sources will meet half of the nation’s energy needs in the next few years, with solar power being the most prominent of these sources.
Many investors are putting their money into green energy stocks, but everyone is keeping an eye on them because there are a lot of great companies operating in India and their sales are growing rapidly. In this post, we have included a few stocks that are associated with green energy and are expected to have significant demand in the future.
Best Stock for Solar Energy in India 2024
These stocks have cheap rates currently and are expected to deliver good returns in the future. It is dangerous to invest in these firms because of their modest market caps. You should conduct your own independent research before putting money into these shares.
Surana Solar Ltd – Top solar shares
Among India’s leading renewable energy providers, Surana Solar stands out. The business is involved in the solar and wind power industries. In 1978, the business was established in Hyderabad, India. Solar lanterns, solar lights, and solar power models are the company’s forte. Additionally, the firm is involved in wind power’s telecommunication and metal processing infrastructure projects.
Investors have reaped substantial rewards from this stock. The firm has provided outstanding results, with gains of 38% over the past five years, 65% over the past three, and 103% over the past year.
Surana Solar Share’s Strength
There is zero debt for Surana Solar.
A respectable 62.31% of the company’s shares are held by the promoters.
Over the past 12 months, Surana Solar has generated a return of 103%.
Surana Solar’s Share Weakness
Looking at the revenue growth over the past three years reveals an increase of 8.34% for the organisation.
The company’s return on equity (ROE) for the past three years is a meagre 2%.
It appears that the three-year ROCE is low at 3.49%.
Overview
- MARKET CAP = ₹ 193.38 Cr.
- ENTERPRISE VALUE = ₹ 193.20 Cr.
- NO. OF SHARES = 4.92 Cr.
- P/E = 0
- P/B = 3.43
- FACE VALUE = ₹ 5
- DIV. YIELD = 0 %
- BOOK VALUE (TTM) = ₹ 11.45
- CASH = ₹ 0.18 Cr.
- DEBT = ₹ 0 Cr.
- PROMOTER HOLDING = 62.31 %
- EPS (TTM) = ₹ -0.17
- SALES GROWTH = 69.88%
- ROE = 4.06 %
- ROCE = 5.70%
- PROFIT GROWTH = 170.15 %
Urja Global Ltd – Top solar energy stocks
Among India’s leading renewable energy companies is Urja Global Limited. When it comes to renewable energy, the corporation is doing well. Products such as solar panels, batteries, and EVs are available from this business. The company’s products are ubiquitous throughout all industries, including those dealing with off-grid power. Additionally, they were involved in the planning, advising, integrating, supplying, installing, commissioning, and maintaining of solar power plants that were connected to the grid.
- MARKET CAP = ₹ 2,220.47 Cr.
- ENTERPRISE VALUE = ₹ 2,219.96 Cr.
- NO. OF SHARES = 55.72 Cr.
- P/E = 911.9
- P/B = 15.04
- FACE VALUE = ₹ 1
- DIV. YIELD = 0 %
- BOOK VALUE (TTM) = ₹ 2.65
- CASH = ₹ 0.51 Cr.
- DEBT = ₹ 0 Cr.
- PROMOTER HOLDING = 20.32 %
- EPS (TTM) = ₹ 0.04
- SALES GROWTH = -37.19%
- ROE = 0.94 %
- YEARS = 1.32%
- PROFIT GROWTH = 102.55 %
Suzlon Energy – Solar top company in india
As pollution levels rise, so does the need for renewable energy sources like Suzlon Energy’s. As a result, many investors are putting their money into green energy shares. Suzlon Energy top solar share in India is one such stock.
Wind power is what Suzlon Energy specialises in. Pune is where it is headquartered. More than 20.1 GW of wind power has been installed by Suzlon in 17 countries across six continents since the company’s inception in 1995. The fact that Suzlon employs over 6,000 people bodes well for the company’s future growth and, by extension, the profitability of its clients’ investments.
- MARKET CAP = ₹ 67,791.19 Cr.
- ENTERPRISE VALUE = ₹ 69,832.56 Cr.
- NO. OF SHARES = 1,361.27 Cr.
- P/E = 0
- P/B = 19.3
- FACE VALUE = ₹ 2
- DIV. YIELD = 0 %
- BOOK VALUE (TTM) = ₹ 2.58
- CASH = ₹ 290.63 Cr.
- DEBT = ₹ 2,332 Cr.
- PROMOTER HOLDING = 13.29 %
- EPS (TTM) = ₹ -0.03
- SALES GROWTH =-11.13%
- ROE = 0 %
- YEARS = 126.41%
- PROFIT GROWTH = 336.97 %
SunGarner Energies Ltd – Top solar stocks india
Solar panels, uninterruptible power supplies (UPS), batteries, inverters, and other power industry components are the speciality of Sungarner Energies Limited’s design and engineering team. Additionally, the WMI code for producing EVs has been obtained by the firm.
Sungarner Energies Limited, which was established in 2015. Sungarner became a frontrunner in the energy storage industry in 2017 when it opened its first solar inverter production facility in Greater Noida, India. Plus, they supplied a variety of solar panels.
Sungarner has completed more than a hundred large-scale solar grid projects in India and overseas, with capacities ranging from 50 kWp to 2 MWp. From Leh to Tamil Nadu, 26 states in India have received Sungarner inverters during the past six years. On a global scale, Sungarner is now shipping to seven different nations.
- MARKET CAP = ₹ 67.80 Cr.
- ENTERPRISE VALUE = ₹ 71.96 Cr.
- NO. OF SHARES = 0.23 Cr.
- P/E = 91.24
- P/B = 7.96
- FACE VALUE = ₹ 10
- DIV. YIELD = 0 %
- BOOK VALUE (TTM) = ₹ 36.73
- CASH = ₹ 0.08 Cr.
- DEBT = ₹ 4.24 Cr.
- PROMOTER HOLDING = 61.49 %
- EPS (TTM) = ₹ 3.20
- SALES GROWTH = 118.17%
- ROE = 31.17 %
- YEARS = 26.33%
- PROFIT GROWTH = 29.23 %
Websol Energy System Ltd – Top solar stocks
The Kolkata-based solar panel and module manufacturer Websol Energy Systems Limited is planning to construct a sizable factory to produce solar cells and modules. In the future, they intend to produce 600 MWP and 550 MWP mono PERC bifacial solar cell modules.
- MARKET CAP = ₹ 1,720.12 Cr.
- ENTERPRISE VALUE = ₹ 1,747.14 Cr.
- NO. OF SHARES = 4.22 Cr.
- P/E= 0
- P/B = 10.13
- FACE VALUE = ₹ 10
- DIV. YIELD = 0 %
- BOOK VALUE (TTM) = ₹ 40.24
- CASH = ₹ 0.09 Cr.
- DEBT = ₹ 27.11 Cr.
- PROMOTER HOLDING = 27.71 %
- EPS (TTM) = ₹ -4.99
- SALES GROWTH = -91.92%
- ROE = -12.37 %
- YEARS = -12.39%
- PROFIT GROWTH = -344.94 %
Sterling and Wilson Renewable Energy Ltd
Among the best renewable energy companies, Sterling & Wilson Solar Limited stands out. The year 2007 marked the founding of the company. Power, solar, data centres, DG sets, cogen plants, buildings, etc. are all areas in which Sterling & Wilson excels as an MEP and EPC contractor. One of these companies is Sterling & Wilson Group (S&W), which is among the top EPCs in India.
Having been involved in MEP-IEPC, Solar, Transmission & Distribution, Data Centres, and Diesel Generators for the past decade, the Group now works in more than 30 countries worldwide, with a solid foothold in areas like India, the Middle East, Africa, Europe, the US, and Australia. Engages in
The company’s report states that last year’s overall income was 4,900.33 crore and total sales were 4,535.104 crore. The business had a net profit of 311.441 crore rupees. This year, Sterling & Wilson Solar Limited has forked over Rs 125.947 crore in taxes.
- MARKET CAP = ₹ 12,979.16 Cr.
- ENTERPRISE VALUE = ₹ 14,760.61 Cr.
- NO. OF SHARES = 23.30 Cr.
- P/E = 0
- P/B = 4.89
- FACE VALUE = ₹ 1
- DIV. YIELD = 0 %
- BOOK VALUE (TTM) = ₹ 113.95
- CASH = ₹ 58.73 Cr.
- DEBT = ₹ 1,840.18 Cr.
- PROMOTER HOLDING = 52.98 %
- EPS (TTM) = ₹ -6.54
- SALES GROWTH = -57.86%
- ROE = -26.70 %
- YEARS = -8.37%
- PROFIT GROWTH = -111.93 %
Gita Renewable Energy – Top solar share
The renewable energy firm Geeta Renewable Energy Limited ranks among the best. January 28, 2010 was the incorporation date of the company. Using waste heat recovery systems, Geeta Renewable Energy Limited, a small cap firm, generates power from renewable resources such as wind, solar, and hydro. Was once.
Gummidipoondi, Tamil Nadu sits as the corporate headquarters. The company has a total paid-up capital of 4.11 crore rupees and an authorised share capital of 4.25 crore rupees. India’s Leading Solar Stock
- MARKET CAP = ₹ 98.28 Cr.
- ENTERPRISE VALUE = ₹ 98.20 Cr.
- NO. OF SHARES = 0.41 Cr.
- P/E = 659.67
- P/B = 7.02
- FACE VALUE = ₹ 10
- DIV. YIELD = 0 %
- BOOK VALUE (TTM) = ₹ 34.07
- CASH = ₹ 0.08 Cr.
- DEBT = ₹ 0 Cr.
- PROMOTER HOLDING = 70.28 %
- EPS (TTM) = ₹ 0.36
- SALES GROWTH = -12.50%
- ROE = 52.92 %
- YEARS = 28.97%
- PROFIT GROWTH = 230.13 %
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