According to PIB, India is a global leader in renewable energy, ranking third in production with 40% of its installed capacity (approximately 160 GW) from non-fossil sources. The country aims for 500 GW of renewable energy capacity by 2030, reflecting its commitment to sustainable development amid a population exceeding 1.4 billion.
Here are the renewable energy stocks with high net profit CAGR up to 53%:-
Adani Green Energy Ltd
Adani Green Energy Limited (AGEL) is an Indian-based holding corporation. The Company generates renewable power and does other related operations. The Company creates, owns, manages, and maintains utility-scale grid-connected solar, wind, hybrid, and solar parks.
With a market capitalization of Rs 2.36 lakh crore, on Thursday, the shares were closed at Rs 1,490 per share, increased around 2 percent as compared to the previous closing price.
The company’s consolidated net profit numbers have showcased an increase from Rs 149 crores during Q2FY23 to Rs 515 crores in Q2FY25. The company has a net profit CAGR for 3 years is 51.20 Percent.
As of Q2FY25, the company has an operational renewable energy capacity of 11.2 GW and is targeting an annual capacity addition of over 6 GW for FY25, and the company has a plan to commission 2 GW/4 GW of additional RE capacity in Q3 FY25, and by March 2025, respectively.
Suzlon Energy Ltd
Suzlon Energy Limited is an Indian renewable energy solutions supplier. The company manufactures wind turbine generators and related components in various capacities. It operates in 17 countries including Asia, Australia, Europe, Africa, and the Americas.
With a market capitalization of Rs 76,790 crore, on Thursday, the shares were closed at Rs 56.7 per share, increased around 5 percent as compared to the previous closing price.
The company’s consolidated net profit numbers have showcased an increase from Rs 56 crores during Q2FY23 to Rs 201 crores in Q2FY25. The company has a net profit CAGR for 3 years is 53.11 Percent.
The company secured the largest ever single order in the Indian wind industry from NTPC Green from 1.166 GW. This project utilizes a plug-and-play approach with the pipeline for land and power evacuation within NTPC scope. Suzlon order book now exceeds 5 GW. This also reverberates with 29 years of proven track record with a 32% market share on the installed base.
KPI Green Energy Ltd
KPI Green Energy Limited focuses on supplying solar electricity through several business sectors. The company designs, builds, owns, runs, and maintains solar power facilities as an Independent Power Producer (IPP) and Captive Power Producer (CPP), both under the Solarism brand.
With a market capitalization of Rs 9,858 crore, on Thursday, the shares were closed at Rs 751 per share, increased around 0.44 percent as compared to the previous closing price.
The company’s consolidated net profit numbers have showcased an increase from Rs 21 crores during Q2FY23 to Rs 70 crores in Q2FY25. The company has a net profit CAGR for 3 years is 49 Percent.
KPI Green Energy’s order book for Q2 FY25 is approximately 2 GW (gigawatts), reflecting robust demand for renewable energy projects. In addition to this, KPI Green Energy has reported securing new orders for solar power projects totaling 74.3 MW. Moreover, the company continues to work towards its goal of installing 1 GW by 2025, which indicates a strategic focus on scaling up its operations in the renewable energy market.
Written by:- Abhishek Singh
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