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 44 listed companies in the Power Generation & Utilities industry on NSE and BSE in our database, 28 of them with full financials.
The largest by market capitalisation are Adani Power Limited (₹378,385 Cr), NTPC Limited (₹305,542 Cr), Power Grid Corporation of India Limited (₹236,747 Cr).
Among the 24 companies worth more than ₹500 Cr, the median P/E of the profitable ones is 21.6 and the median return on equity is 10.7%.
Fastest sales growth in the latest quarter (year on year, above ₹500 Cr): IndiGrid Infrastructure +156%, NTPC Green +63%, SJVN +52%.
Next to report results: Adani Power on 23 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 | ₹378,385 Cr | 26.04 | 22.4% | +34.0% | +47.2% | +31.7% | 23 Oct |
| 2 | NTPC LimitedNTPC | ₹305,542 Cr | 11.25 | 13.4% | +19.2% | +44.4% | -7.5% | — |
| 3 | Power Grid Corporation of India LimitedPOWERGRID | ₹236,747 Cr | 14.93 | 15.8% | +2.7% | -0.9% | -10.5% | — |
| 4 | Adani Green Energy LimitedADANIGREEN | ₹210,196 Cr | 97.95 | 10.7% | +16.6% | +19.3% | +18.2% | — |
| 5 | Adani Energy Solutions LimitedADANIENSOL | ₹162,213 Cr | 52.49 | 12.2% | +42.4% | +129.4% | +48.3% | — |
| 6 | Tata Power Company LimitedTATAPOWER | ₹111,885 Cr | 21.28 | 13.3% | +5.6% | +11.0% | -9.3% | — |
| 7 | JSW Energy LimitedJSWENERGY | ₹88,870 Cr | 36.13 | 8.0% | +1.2% | -36.3% | -8.2% | — |
| 8 | NTPC Green Energy LimitedNTPCGREEN | ₹76,755 Cr | 126.82 | 3.2% | +62.7% | +38.3% | -10.4% | — |
| 9 | NHPC LimitedNHPC | ₹72,073 Cr | 16.89 | 10.3% | +18.5% | +4.1% | -17.0% | — |
| 10 | Torrent Power LimitedTORNTPOWER | ₹62,630 Cr | 25.36 | 12.9% | +36.5% | -69.6% | -0.9% | — |
| 11 | NLC India LimitedNLCINDIA | ₹35,110 Cr | 10.43 | 15.6% | +25.3% | -48.0% | -9.4% | — |
| 12 | SJVN LimitedSJVN | ₹22,757 Cr | 35.62 | 4.5% | +52.0% | -1.2% | -37.0% | — |
| 13 | CESC LimitedCESC | ₹17,447 Cr | 13.42 | 10.4% | -42.2% | -45.5% | -21.3% | — |
| 14 | IndiGrid Infrastructure TrustINDIGRID | ₹16,179 Cr | 40.55 | 6.6% | +156.3% | +58.1% | +1.4% | — |
| 15 | Clean Max Enviro Energy Solutions LimitedCLEANMAX | ₹15,243 Cr | 199.64 | — | — | — | — | — |
| 16 | Jaiprakash Power Ventures LimitedJPPOWER | ₹10,143 Cr | 15.81 | 5.0% | +12.2% | +68.6% | -16.9% | — |
| 17 | POWERGRID Infrastructure Investment TrustPGINVIT | ₹9,267 Cr | 5.89 | 20.9% | -0.5% | -3.1% | +6.4% | — |
| 18 | Reliance Power LimitedRPOWER | ₹8,028 Cr | — | -3.0% | -4.6% | -387.4% | -57.8% | — |
| 19 | RattanIndia Power LimitedRTNPOWER | ₹3,619 Cr | 32.49 | 2.4% | -2.8% | +449.7% | -42.8% | — |
| 20 | Gujarat Industries Power Company LimitedGIPCL | ₹2,714 Cr | 5.39 | 13.1% | +34.4% | +174.8% | -5.4% | — |
| 21 | BF Utilities LimitedBFUTILITIE | ₹1,901 Cr | 6.68 | 140.9% | +12679.7% | +16719.2% | -39.5% | — |
| 22 | Bhagyanagar India LimitedBHAGYANGR | ₹1,349 Cr | 21.63 | 24.3% | +45.2% | +167.4% | +321.2% | — |
| 23 | Orient Green Power Company LimitedGREENPOWER | ₹1,029 Cr | 15.38 | 5.8% | +9368.6% | +10508.7% | -35.2% | — |
| 24 | India Power CorpDPSCLTD | ₹662 Cr | 51.65 | 1.4% | +21.5% | +321.4% | -45.0% | — |
| 25 | Surana Telecom and Power LimitedSURANAT&P | ₹217 Cr | 7.18 | 16.6% | -15.6% | +349.4% | -26.3% | — |
| 26 | Indowind Energy LimitedINDOWIND | ₹136 Cr | — | -0.2% | -28.1% | -18.3% | -49.4% | — |
| 27 | Energy Development Company LimitedENERGYDEV | ₹69 Cr | — | -97.5% | -36.6% | -190.6% | -26.7% | — |
| 28 | Karma Energy LimitedKARMAENG | ₹42 Cr | 67.73 | 1.5% | — | — | -46.0% | — |
| 29 | Advance Metering Technology LtdBSE: 534612 | — | — | — | — | — | — | — |
| 30 | Ampvolts LtdBSE: 535719 | — | — | — | — | — | — | — |
| 31 | Anzen India Energy Yield Plus TrustANZEN | — | — | — | — | — | — | — |
| 32 | Filtra Consultants and Engineers LtdBSE: 539098 | — | — | — | — | — | — | — |
| 33 | Gita Renewable Energy LtdBSE: 539013 | — | — | — | — | — | — | — |
| 34 | Globus Constructors & Developers LtdBSE: 526025 | — | — | — | — | — | — | — |
| 35 | IND Renewable Energy LtdBSE: 536709 | — | — | — | — | — | — | — |
| 36 | Inox Wind EnergyIWEL | — | — | — | — | — | — | — |
| 37 | Insolation Energy LtdBSE: 543620 | — | — | — | — | — | — | — |
| 38 | Rajesh Power Services LtdBSE: 544291 | — | — | — | — | — | — | — |
| 39 | SRM Energy LtdBSE: 523222 | — | — | — | — | — | — | — |
| 40 | Shubhshree Biofuels Energy LimitedSHUBHSHREE | — | — | — | — | — | — | — |
| 41 | Sustainable Energy Infra TrustSEITINVIT | — | — | — | — | — | — | — |
| 42 | Veer Energy & Infrastructure LtdBSE: 503657 | — | — | — | — | — | — | — |
| 43 | Waa Solar LtdBSE: 541445 | — | — | — | — | — | — | — |
| 44 | 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 (₹378,385 Cr), NTPC Limited (₹305,542 Cr), Power Grid Corporation of India Limited (₹236,747 Cr), Adani Green Energy Limited (₹210,196 Cr), Adani Energy Solutions Limited (₹162,213 Cr).
How many power generation & utilities companies are listed in India?
44 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 21.6, based on trailing-twelve-month profit and the latest close.
When do power generation & utilities companies announce their results?
Upcoming board meetings for results: Adani Power Limited on 23 Oct 2026.
