Know what are the 4 best solar stocks in India

Retail investors are advised to focus on fundamentally strong stocks rather than chasing cheap stocks. Holding these stocks for at least three to five years can help you profit from the stock market despite challenges like elections, policy changes, or events like COVID-19. In this article, we will talk about the top companies in the solar and renewable energy sector in India and how you can make good profits from their stocks in the long run.

1.IREDA Limited

IREDA Limited is a Non-Banking Financial Company (NBFC) that provides financing for renewable energy projects. The company has done long distributions of over ₹55,000 crore in sectors such as solar, wind, hydro, bioenergy and energy from waste. IREDA shares have returned 17.6% in the past month. IREDA’s strong financial condition and growing interest in renewable energy make it an excellent option for investors looking to invest in the green energy sector.

2. KPI Green Energy Limited

KPI Green Energy Limited is a leading solar energy company known for its high-quality solar panels and hybrid solutions. This is the largest solar company in Gujarat.

• Market capitalization,
  • About ₹9,403.79 crore
• stock performance,
  • 52-week high: ₹1,63.7
  • 52-week low: ₹9.16
• financial metrics,
  • It offers a price-to-earnings ratio of 62.52, an ROI of 42.50, a TTM earnings per share of 24.95 and a dividend yield of 0.18.
• Yield,
  • Return over 3 years: 6743.7%
  • Return over 5 years: 6422.43%
• investment potential,
  • The excellent performance and adequate returns of KPI Green Energy make it an attractive investment, especially for those interested in the solar energy sector.

3. Kotyark Industries

Kotyark Industries is a leading renewable green energy and natural resources company. The production facility in Rajasthan produces biodiesel with an annual capacity of 82,500 kiloliters. Kotyark Industries’ strong presence in the field of green energy and its excellent returns make it an attractive investment. The increasing demand for biodiesel and renewable energy offers profitability and development.

stock returns,

• 3 year return: 54%
• 1 year return: 244%

4. Adani Green Energy Limited (AGEL)

Adani Green Energy Limited (AGEL) is India’s largest private thermal energy producer with a thermal power plant capacity of 15,250 MW and a solar power plant capacity of 40 MW. AGEL’s substantial returns over the years indicate that it can be a long-term investment for long-term investors.

Market capitalization,

• About ₹2,29,834.99 crore

stock performance,

• 52-week high: ₹46.99
• 52-week low: ₹210.50

Yield,

• Return over 3 years: 514%
• Return over 5 years: 11,131%

financial metrics: TTM EPS of 0.50, ROE of 6.5.35, Sector PE ratio of 27.11 and AGEL has a PE ratio of 99.