Power Generation & Utilities stocks in India
Every listed power generation & utilities company on NSE and BSE in our database, largest first, with its valuation, profitability, latest quarterly growth, one-year return and next results date.
There are 47 listed companies in the Power Generation & Utilities industry on NSE and BSE in our database, 31 of them with full financials.
The largest by market capitalisation are Adani Power Limited (₹351,059 Cr), NTPC Limited (₹288,961 Cr), Power Grid Corporation of India Limited (₹230,097 Cr).
Among the 26 companies worth more than ₹500 Cr, the median P/E of the profitable ones is 22.7 and the median return on equity is 10.3%.
Fastest sales growth in the latest quarter (year on year, above ₹500 Cr): IndiGrid Infrastructure +156%, Clean Max +107%, Juniper Green +81%.
Next to report results: JSW Energy on 28 Oct, Sustainable Energy on 28 Oct, Vedanta Power on 29 Oct.
Power Generation & Utilities companies by market cap
| # | Company | Market cap | P/E | ROE | Qtr sales YoY | Qtr profit YoY | Return 1Y | Next results |
|---|---|---|---|---|---|---|---|---|
| 1 | Adani Power LimitedADANIPOWER | ₹351,059 Cr | 24.16 | 22.4% | +34.0% | +47.2% | +15.7% | — |
| 2 | NTPC LimitedNTPC | ₹288,961 Cr | 10.20 | 13.9% | +7.8% | +12.9% | -12.7% | 31 Oct |
| 3 | Power Grid Corporation of India LimitedPOWERGRID | ₹230,097 Cr | 14.48 | 15.8% | +2.7% | -0.9% | -15.2% | — |
| 4 | Adani Green Energy LimitedADANIGREEN | ₹195,207 Cr | 86.80 | 10.8% | +41.6% | +16.0% | +11.8% | — |
| 5 | Adani Energy Solutions LimitedADANIENSOL | ₹149,200 Cr | 38.28 | 12.5% | +52.8% | +144.9% | +28.7% | — |
| 6 | Tata Power Company LimitedTATAPOWER | ₹111,230 Cr | 21.16 | 13.3% | +5.6% | +11.0% | -12.8% | 11 Nov |
| 7 | JSW Energy LimitedJSWENERGY | ₹82,191 Cr | 33.41 | 8.0% | +1.2% | -36.3% | -18.2% | 28 Oct |
| 8 | NHPC LimitedNHPC | ₹70,155 Cr | 16.44 | 10.3% | +18.5% | +4.1% | -19.7% | 04 Nov |
| 9 | NTPC Green Energy LimitedNTPCGREEN | ₹68,430 Cr | 113.07 | 3.2% | +62.7% | +38.3% | -18.8% | 30 Oct |
| 10 | Torrent Power LimitedTORNTPOWER | ₹58,906 Cr | 24.42 | 12.6% | -0.8% | -69.3% | -12.6% | — |
| 11 | NLC India LimitedNLCINDIA | ₹31,685 Cr | 9.41 | 15.6% | +25.3% | -48.0% | -13.4% | — |
| 12 | SJVN LimitedSJVN | ₹18,627 Cr | 29.16 | 4.5% | +52.0% | -1.2% | -46.7% | 30 Oct |
| 13 | CESC LimitedCESC | ₹16,542 Cr | 11.58 | 11.4% | -42.2% | -45.5% | -28.7% | — |
| 14 | IndiGrid Infrastructure TrustINDIGRID | ₹16,056 Cr | 40.24 | 6.6% | +156.3% | +58.1% | — | — |
| 15 | Clean Max Enviro Energy Solutions LimitedCLEANMAX | ₹13,790 Cr | 87.64 | — | +107.0% | +424.6% | — | — |
| 16 | Juniper Green Energy LimitedJNPR | ₹13,357 Cr | — | — | +80.9% | +52.1% | — | 30 Oct |
| 17 | Vedanta Power LimitedVEDPOWER | ₹11,033 Cr | — | — | +31.3% | -580.7% | — | 29 Oct |
| 18 | POWERGRID Infrastructure Investment TrustPGINVIT | ₹9,369 Cr | 5.95 | 20.9% | -0.5% | -3.1% | — | — |
| 19 | Jaiprakash Power Ventures LimitedJPPOWER | ₹8,683 Cr | 13.53 | 5.0% | +12.2% | +68.6% | -29.6% | — |
| 20 | Reliance Power LimitedRPOWER | ₹6,795 Cr | — | -2.4% | -4.6% | -387.4% | -63.5% | — |
| 21 | PTC India LimitedPTC | ₹3,948 Cr | 6.73 | 9.8% | +19.1% | -53.9% | -19.4% | 02 Nov |
| 22 | RattanIndia Power LimitedRTNPOWER | ₹3,372 Cr | 30.27 | 2.4% | -2.8% | +449.7% | -43.5% | — |
| 23 | Gujarat Industries Power Company LimitedGIPCL | ₹2,387 Cr | 4.74 | 13.1% | +34.4% | +174.8% | -12.2% | — |
| 24 | BF Utilities LimitedBFUTILITIE | ₹1,524 Cr | — | -5.5% | +2.0% | -178.3% | -48.9% | — |
| 25 | Orient Green Power Company LimitedGREENPOWER | ₹918 Cr | 13.73 | 5.8% | +9368.6% | +10508.7% | -39.4% | — |
| 26 | India Power CorpDPSCLTD | ₹588 Cr | 45.88 | 1.4% | +21.5% | +321.4% | -48.3% | 29 Oct |
| 27 | Bhagyanagar India LimitedBHAGYANGR | ₹225 Cr | 3.60 | 24.3% | +45.2% | +167.4% | -31.6% | — |
| 28 | Surana Telecom and Power LimitedSURANAT&P | ₹194 Cr | 6.43 | 16.6% | -15.6% | +349.4% | -32.5% | — |
| 29 | Indowind Energy LimitedINDOWIND | ₹133 Cr | — | -0.2% | -28.1% | -18.3% | -47.2% | — |
| 30 | Energy Development Company LimitedENERGYDEV | ₹61 Cr | — | -97.5% | -36.6% | -190.6% | -37.6% | — |
| 31 | Karma Energy LimitedKARMAENG | ₹37 Cr | 41.39 | 2.2% | +4.7% | -27.8% | -44.4% | — |
| 32 | Advance Metering Technology LtdBSE: 534612 | — | — | — | — | — | — | — |
| 33 | Ampvolts LtdBSE: 535719 | — | — | — | — | — | — | — |
| 34 | Anzen India Energy Yield Plus TrustANZEN | — | — | — | — | — | — | — |
| 35 | Filtra Consultants and Engineers LtdBSE: 539098 | — | — | — | — | — | — | — |
| 36 | Gita Renewable Energy LtdBSE: 539013 | — | — | — | — | — | — | — |
| 37 | Globus Constructors & Developers LtdBSE: 526025 | — | — | — | — | — | — | — |
| 38 | IND Renewable Energy LtdBSE: 536709 | — | — | — | — | — | — | — |
| 39 | Inox Wind EnergyIWEL | — | — | — | — | — | — | — |
| 40 | Insolation Energy LtdBSE: 543620 | — | — | — | — | — | — | — |
| 41 | Rajesh Power Services LtdBSE: 544291 | — | — | — | — | — | — | — |
| 42 | SRM Energy LtdBSE: 523222 | — | — | — | — | — | — | — |
| 43 | Shubhshree Biofuels Energy LimitedSHUBHSHREE | — | — | — | — | — | — | — |
| 44 | Sustainable Energy Infra TrustSEITINVIT | — | — | — | — | — | — | 28 Oct |
| 45 | Veer Energy & Infrastructure LtdBSE: 503657 | — | — | — | — | — | — | — |
| 46 | Waa Solar LtdBSE: 541445 | — | — | — | — | — | — | — |
| 47 | Waaree Technologies LtdBSE: 539337 | — | — | — | — | — | — | — |
P/E "n/m" means the company made a loss over the last four quarters. Quarterly growth compares the latest quarter with the same quarter a year earlier. "—" means the figure is not available.
Upcoming power generation & utilities results
Frequently asked questions
Which are the largest power generation & utilities stocks in India?
By market capitalisation: Adani Power Limited (₹351,059 Cr), NTPC Limited (₹288,961 Cr), Power Grid Corporation of India Limited (₹230,097 Cr), Adani Green Energy Limited (₹195,207 Cr), Adani Energy Solutions Limited (₹149,200 Cr).
How many power generation & utilities companies are listed in India?
47 companies listed on NSE and BSE are classified in the Power Generation & Utilities industry on this page, which merges the exchanges' and data vendors' labels for the same business.
What is the average P/E of power generation & utilities stocks?
The median P/E of profitable power generation & utilities companies worth more than ₹500 Cr is 22.7, based on trailing-twelve-month profit and the latest close.
When do power generation & utilities companies announce their results?
Upcoming board meetings for results: JSW Energy Limited on 28 Oct 2026; Sustainable Energy Infra Trust on 28 Oct 2026; Vedanta Power Limited on 29 Oct 2026; India Power Corp on 29 Oct 2026; NTPC Green Energy Limited on 30 Oct 2026.
