The table below shows the Best Solar Energy Stocks In India – Solar Energy Stocks based on the Highest Market Capitalization & 1Y Return
| Name | Market Cap (Cr) | Close Price (rs) | 1Y Return (%) |
| Solar Industries India Ltd | 104585.91 | 11382.65 | 128.85 |
| Alpex Solar Ltd | 2009.31 | 860.55 | 149.11 |
| Australian Premium Solar (India) Ltd | 894.09 | 436.35 | 196.84 |
| Sahaj Solar Ltd | 692.49 | 599.20 | 66.86 |
| Surana Solar Ltd | 306.41 | 65.38 | 174.13 |
| WAA Solar Ltd | 217.55 | 162.80 | 101.61 |
| Ahasolar Technologies Ltd | 109.21 | 348.95 | 10.76 |
| Bright Solar Ltd | 16.40 | 6.55 | 23.58 |
Introduction to List of Solar Energy Stocks
Solar Industries India Ltd
Solar Industries India Limited is an integrated global explosives manufacturer established in India. The company specializes in producing industrial explosives, explosive initiating devices, and defense products including HMX, RDX, TNT compounds, and various ammunition. They are a leading domestic manufacturer of bulk and cartridge explosives, serving both industrial and defense sectors with high-energy materials.
• Market Cap: ₹104,585.91 Cr
• Current Share Price: ₹11,382.65
• Returns: 1Y (128.85%), 1M (3.42%), 6M (29.71%)
• 5Y Average Net Profit Margin: 11.66%
• Dividend Yield: 1.12%
• 5Y CAGR: 58.65%
• Sector: Commodity Chemicals
Alpex Solar Ltd
Alpex Solar, founded in 1993, began as an international trading house for synthetic yarns and knitting machinery components. The company strategically pivoted its focus to renewable energy, first entering wind power generation as an IPP, and then evolving into a prominent solar photovoltaic panel manufacturer since 2005. The company is currently listed on NSE Emerge.
• Market Cap: ₹2,009.31 Cr
• Current Share Price: ₹860.55
• Returns: 1Y (149.11%), 1M (-21.07%), 6M (128.63%)
• 5Y Average Net Profit Margin: 2.73%
• Dividend Yield: 1.00%
• Sector: Renewable Energy Equipment & Services
Australian Premium Solar (India) Ltd
Established in 2013, Australian Premium Solar (India) Limited is an indigenous solar solutions provider specializing in Monocrystalline and Topcon solar modules manufacturing and EPC services. The company leverages its founders’ international experience to produce high-quality solar products, serving residential, commercial, industrial, and agricultural sectors.
• Market Cap: ₹894.09 Cr
• Current Share Price: ₹436.35
• Returns: 1Y (196.84%), 1M (-15.31%), 6M (92.31%)
• 5Y Average Net Profit Margin: 3.03%
• Sector: Photovoltaic Solar Systems & Equipment
Sahaj Solar Ltd
Founded in 2007, Sahaj Solar has established itself in solar technology research and development. The company received IEC approval in 2010 and MNRE recognition as a solar panel manufacturer. With expertise in Crystalline Photovoltaic Technology, they specialize in EPC services and innovative solar solutions across various business segments.
• Market Cap: ₹692.49 Cr
• Current Share Price: ₹599.2
• Returns: 1Y (66.86%), 1M (-6.36%), 6M (66.86%)
• Sector: Renewable Energy Equipment & Services
Surana Solar Ltd
Surana Solar Limited is an Indian conglomerate diversified across solar and wind power, telecommunications, metal processing, and infrastructure sectors. The company manufactures SPV modules, generates wind and solar power energy, and provides EPC services for power projects. They operate four Grid Connected Solar Power Plants in Gujarat and Telangana.
• Market Cap: ₹306.41 Cr
• Current Share Price: ₹65.38
• Returns: 1Y (174.13%), 1M (70.32%), 6M (54.02%)
• 5Y Average Net Profit Margin: 0.78%
• 5Y CAGR: 60.44%
• Sector: Renewable Energy Equipment & Services
WAA Solar Ltd
WAA Solar Limited focuses on solar power generation and EPC services in India. The company develops various solar projects through SPV associates and subsidiaries. Their portfolio includes notable projects like the 10MW Solar PV Grid Interactive Power Plant in Patan, Gujarat, and multiple solar installations across different states including Karnataka, Punjab, and Gujarat.
• Market Cap: ₹217.55 Cr
• Current Share Price: ₹162.8
• Returns: 1Y (101.61%), 1M (-0.18%), 6M (22.68%)
• 5Y Average Net Profit Margin: 16.87%
• 5Y CAGR: 59.33%
• Sector: Renewable Energy
Ahasolar Technologies Ltd
Ahasolar Technologies Limited is an integrated solar IT solutions company providing SaaS products for solar companies. Their offerings include Aha Solar Helper, a comprehensive solution for solar EPC companies, along with marketplace and advisory services. The company focuses on streamlining solar processes through digital solutions and sustainable development consulting.
• Market Cap: ₹109.21 Cr
• Current Share Price: ₹348.95
• Returns: 1Y (10.76%), 1M (-3.89%), 6M (-22.12%)
• 5Y Average Net Profit Margin: 3.88%
• Sector: Home Improvement Retail
Bright Solar Ltd
Bright Solar Limited specializes in manufacturing solar pumps, pumping systems, and executing infrastructure projects. The company operates across three segments: Solar Water Pumping Systems, Infrastructure Projects, and Installation Services. They focus on rural water supply schemes and provide solutions including DC/AC solar pumps and rooftop PV systems.
• Market Cap: ₹16.40 Cr
• Current Share Price: ₹6.55
• Returns: 1Y (23.58%), 1M (-13.82%), 6M (-29.95%)
• 5Y Average Net Profit Margin: -31.34%
• 5Y CAGR: -7.28%
• Sector: Industrial Machinery
What are Solar Energy Stocks In India?
Solar energy stocks in India are shares of companies involved in the solar power industry, including manufacturers of solar panels, solar project developers, and companies providing solar energy solutions. These stocks represent businesses that are part of India’s growing renewable energy sector, focusing on harnessing solar power for electricity generation.
These stocks encompass a range of companies in the solar value chain, from those producing solar cells and modules to firms engaged in the engineering, procurement, and construction (EPC) of solar projects. They also include companies that operate solar power plants or provide solar energy services.
Investing in solar energy stocks allows participation in India’s push towards clean energy and the government’s ambitious solar power targets. As India aims to significantly increase its solar power capacity, these stocks have gained attention from investors looking to capitalize on the sector’s growth potential.
Features Of Solar Energy Stocks India
The main features of solar energy stocks in India include high growth potential, policy support, technological advancements, scalability, and alignment with sustainability goals. These characteristics make them attractive to investors seeking exposure to India’s renewable energy transition.
- High Growth Potential: With India’s ambitious solar energy targets, companies in this sector have significant opportunities for expansion and revenue growth.
- Policy Support: Government initiatives like the National Solar Mission provide a favorable regulatory environment, potentially benefiting solar energy stocks.
- Technological Advancements: Ongoing improvements in solar technology can lead to increased efficiency and reduced costs, enhancing the competitiveness of solar energy companies.
- Scalability: Solar projects can be scaled from small rooftop installations to large utility-scale plants, offering diverse market opportunities for companies in the sector.
- Sustainability Alignment: Solar energy stocks align with environmental, social, and governance (ESG) investment criteria, appealing to socially responsible investors.
Solar Energy Stocks List Based on 6 Month Return
The table below shows the Solar Energy Stocks List Based on 6 Month Return.
| Name | Close Price (rs) | 6M Return |
| Alpex Solar Ltd | 860.55 | 128.63 |
| Australian Premium Solar (India) Ltd | 436.35 | 92.31 |
| Sahaj Solar Ltd | 599.20 | 66.86 |
| Surana Solar Ltd | 65.38 | 54.02 |
| Solar Industries India Ltd | 11382.65 | 29.71 |
| WAA Solar Ltd | 162.80 | 22.68 |
| Ahasolar Technologies Ltd | 348.95 | -22.12 |
| Bright Solar Ltd | 6.55 | -29.95 |
Top 10 Solar Energy Stocks In India Based on 5 Year Net Profit Margin
The table below shows the Top 10 Solar Energy Stocks In India Based on 5-Year Net Profit Margin.
| Name | 5Y Avg Net Profit Margin % | Close Price (rs) |
| WAA Solar Ltd | 16.87 | 162.80 |
| Solar Industries India Ltd | 11.66 | 11382.65 |
| Ahasolar Technologies Ltd | 3.88 | 348.95 |
| Australian Premium Solar (India) Ltd | 3.03 | 436.35 |
| Alpex Solar Ltd | 2.73 | 860.55 |
| Surana Solar Ltd | 0.78 | 65.38 |
| Sahaj Solar Ltd | 0.00 | 599.20 |
| Bright Solar Ltd | -31.34 | 6.55 |
Best Solar Energy Stocks In India Based on 1M Return
The table below shows the Best Solar Energy Stocks In India Based on a 1-Month Return.
| Name | Close Price (rs) | 1M Return (%) |
| Surana Solar Ltd | 65.38 | 70.32 |
| Solar Industries India Ltd | 11382.65 | 3.42 |
| WAA Solar Ltd | 162.80 | -0.18 |
| Ahasolar Technologies Ltd | 348.95 | -3.89 |
| Sahaj Solar Ltd | 599.20 | -6.36 |
| Bright Solar Ltd | 6.55 | -13.82 |
| Australian Premium Solar (India) Ltd | 436.35 | -15.31 |
| Alpex Solar Ltd | 860.55 | -21.07 |
High Dividend Yield Solar Energy Stocks to Buy
The table below shows High Dividend Yield Solar Energy Stocks to Buy.
| Name | Close Price (rs) | Dividend Yield |
| Solar Industries India Ltd | 11382.65 | 1.123665 |
| Alpex Solar Ltd | 860.55 | 1.004726 |
Historical Performance of Best Solar Energy Stocks In India
The table shows the Historical Performance of the Best Solar Energy Stocks In India based on 5-year returns.
| Name | Market Cap (Cr) | Close Price (rs) | 5Y CAGR % |
| Surana Solar Ltd | 306.41 | 65.38 | 60.44 |
| WAA Solar Ltd | 217.55 | 162.80 | 59.33 |
| Solar Industries India Ltd | 104585.91 | 11382.65 | 58.65 |
| Ahasolar Technologies Ltd | 109.21 | 348.95 | 0.00 |
| Sahaj Solar Ltd | 692.49 | 599.20 | 0.00 |
| Australian Premium Solar (India) Ltd | 894.09 | 436.35 | 0.00 |
| Alpex Solar Ltd | 2009.31 | 860.55 | 0.00 |
| Bright Solar Ltd | 16.40 | 6.55 | -7.28 |
Factors To Consider When Investing In Best Solar Energy Stocks In India
When investing in solar energy stocks in India, consider the company’s project pipeline, technological capabilities, and financial health. Evaluate their track record in project execution and their ability to secure and complete new projects efficiently. Assess the company’s debt levels and cash flow situation, as solar projects often require significant upfront capital.
Examine the regulatory environment and government policies that may impact the solar energy sector. Consider the company’s market position, growth strategy, and ability to adapt to changing market conditions. It’s also important to understand the specific segment of the solar industry the company operates in (e.g., manufacturing, EPC, or power generation).
Look at the management team’s experience in the renewable energy sector. Consider the company’s partnerships or contracts with key players in the energy sector. Also, evaluate the long-term growth potential of solar energy in India and how well-positioned the company is to capitalize on this growth.
How To Invest In Best Solar Energy Stocks In India?
Listed below are the steps for investing in the Best Solar Energy Stocks In India:
- Research and find out the top-performing stocks in the market.
- Evaluate and assess your risk appetite and fix your financial goals.
- Shortlist the stocks based on your fundamental and technical analysis.
- Find reliable stockbrokers like Alice Blue to open a demat account.
- Invest in the shortlisted stocks and monitor them regularly.
Impact of Government Policies on Solar Energy Stocks In India
Government policies have a significant impact on solar energy stocks in India. Supportive policies like the National Solar Mission, renewable purchase obligations, and subsidies can drive growth in the sector, potentially benefiting these stocks. Changes in these policies can lead to rapid shifts in market dynamics and stock performance.
Conversely, policy uncertainties or reductions in government support can pose risks to solar energy companies. Factors like changes in tariff structures, land acquisition policies, or import duties on solar equipment can affect project viability and company profitability. Investors should closely monitor policy developments to assess potential impacts on solar energy stocks.
How Solar Energy Stocks In India Perform In Economic Downturns?
Solar energy stocks in India may show resilience during economic downturns due to the essential nature of electricity and long-term power purchase agreements. The sector’s alignment with government renewable energy goals can also provide some stability. However, economic slowdowns may impact project financing and delay new installations.
During severe economic contractions, solar energy stocks might face challenges due to reduced industrial power demand or delays in government spending on infrastructure. Their performance can also be influenced by factors like changes in global solar panel prices and shifts in investor sentiment towards growth sectors.
Advantages Of Investing In Best Solar Energy Stocks In India?
The main advantages of investing in solar energy stocks in India include exposure to a high-growth sector, alignment with government initiatives, potential for technological advancements, and participation in the clean energy transition. These factors make them attractive for investors seeking growth opportunities in the evolving energy sector.
- High Growth Potential: India’s ambitious solar energy targets offer significant growth opportunities for companies in this sector, potentially leading to strong returns for investors.
- Government Support: Favorable policies and incentives for solar energy development can provide a supportive environment for companies in this sector, potentially enhancing their growth prospects.
- Technological Advancements: Ongoing improvements in solar technology can lead to increased efficiency and reduced costs, potentially benefiting companies that can leverage these advancements.
- Clean Energy Transition: Investing in solar stocks allows participation in India’s shift towards sustainable energy sources, aligning investments with environmental goals.
- Diverse Opportunities: The solar sector offers various investment options, from manufacturing to project development and energy generation, allowing for diversified exposure to the industry.
Risks Of Investing In Best Solar Energy Stocks In India?
The main risks of investing in solar energy stocks in India include policy uncertainties, technological disruptions, competition from other energy sources, execution challenges, and potential financial instability. These factors can significantly impact the performance and valuation of solar energy companies.
- Policy Uncertainties: Changes in government policies, subsidies, or regulations can significantly impact the viability and profitability of solar energy projects and companies.
- Technological Disruptions: Rapid advancements in solar technology can make existing products or projects less competitive, potentially impacting company profitability.
- Competition: Solar energy faces competition from other renewable and conventional energy sources, which can affect market share and pricing power.
- Execution Challenges: Delays in project completion, land acquisition issues, or grid integration problems can impact company performance and stock valuations.
- Financial Risks: Many solar companies have high debt levels due to capital-intensive projects, which can pose risks during periods of financial stress or rising interest rates.
Solar Energy Stocks GDP Contribution
Solar energy stocks contribute to India’s GDP through their role in power generation, manufacturing, and job creation in the renewable energy sector. As India expands its solar power capacity, these companies play a crucial role in reducing dependence on fossil fuels and supporting the country’s energy security goals.
The solar sector’s contribution to GDP extends beyond direct power generation. It includes manufacturing of solar equipment, construction and maintenance of solar plants, and development of associated technologies. The growth of the solar industry also attracts foreign investment and supports India’s goals for sustainable economic development.
Who Should Invest In a List Of Solar Stocks?
Investing in solar stocks is suitable for investors with a long-term perspective and an interest in the renewable energy sector. These stocks may appeal to those who believe in the growth potential of solar energy in India and are willing to accept the associated risks and volatility.
Investors should have a good understanding of the energy sector and be willing to actively monitor their investments due to the dynamic nature of the industry. They should also be prepared for potential fluctuations in stock prices due to policy changes or technological developments in the solar energy field.
What Is The Future Of Solar Energy In India?
The future of solar energy in India looks promising, driven by the government’s ambitious renewable energy targets and declining costs of solar technology. India aims to achieve 450 GW of renewable energy capacity by 2030, with solar expected to play a significant role in this expansion.
Technological advancements are likely to improve the efficiency and cost-effectiveness of solar power, making it increasingly competitive with conventional energy sources. The sector is also expected to benefit from growing environmental awareness and the push for energy independence.
However, challenges such as grid integration, land acquisition, and policy consistency will need to be addressed. The success of India’s solar energy future will depend on continued government support, private sector investment, and advancements in energy storage technologies.
List Of Solar Energy Shares In India – FAQs
Solar energy stocks are shares of companies involved in the solar power industry. This includes businesses that manufacture solar panels, develop solar projects, provide solar energy solutions, or operate solar power plants. These stocks represent companies contributing to India’s growing solar energy sector.
Top Solar Energy Stocks #1: Solar Industries India Ltd
Top Solar Energy Stocks #2: Alpex Solar Ltd
Top Solar Energy Stocks #3: Australian Premium Solar (India) Ltd
Top Solar Energy Stocks #4: Sahaj Solar Ltd
Top Solar Energy Stocks #5: Surana Solar Ltd
The Top Solar Energy Stocks are based on market capitalization.
The best solar energy stocks based on 1-year returns are Australian Premium Solar (India) Ltd, Surana Solar Ltd, Alpex Solar Ltd, Solar Industries India Ltd, and WAA Solar Ltd. These companies have exhibited significant growth in the solar power sector.
Investing in solar energy stocks carries risks due to factors like policy changes, technological shifts, and market competition. While the sector offers growth potential, it can be volatile. Investors should conduct thorough research, diversify their portfolios, and consider their risk tolerance before investing in solar energy stocks.
Solar energy penny stocks are shares of smaller solar companies trading at very low prices, typically under ₹10. These stocks are highly speculative and risky. Examples might include Surana Solar, Suzlon Energy, Urja Global, etc.
Leading companies in India’s solar energy sector include Adani Green Energy, Tata Power Solar, and Azure Power. However, leadership positions can change based on various factors like installed capacity, project pipeline, and technological innovations. It’s important to verify current market positions and company performances before making investment decisions.
Solar energy can be a good investment option for those seeking exposure to the renewable energy sector. It offers growth potential due to India’s ambitious solar targets. However, like all investments, it carries risks. Consider factors like the company’s financial health, project pipeline, and overall market conditions before investing.
Adani Green Energy is often cited as one of the largest solar power companies in India in terms of operational capacity. However, the solar energy landscape is dynamic, with companies like Tata Power, ReNew Power, and Azure Power also being significant players. Always verify the most current information before making investment decisions.
We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
