Power industry
45 companies · ₹21.4 L cr · 18 with AI deep dives
5y revenue CAGR
median 10.96%(p25 2.68% · p75 15.92%)
5y avg ROCE
median 7.78%(p25 4.29% · p75 12.74%)
Debt / equity
median 0.96x(p25 0.28x · p75 1.75x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31headwindGrid evacuation constraints cause widespread RE curtailment - sector's #1 operational headwind7 managements
At least seven managements reported that inadequate evacuation infrastructure is denting generation and delaying commissioning. ADANIGREEN quantified ₹500 Cr direct EBITDA impact…
- ADANIGREEN (Q4FY26): “I don't think that one or anyone can say that this issue is permanently behind us. All we…”
tailwind8 managements🔒headwind8 managements🔒tailwind4 managements🔒headwind3 managements🔒tailwind4 managements🔒headwind3 managements🔒
6 more themes from this quarter's earnings calls are locked. A free account opens the full brief: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →
| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Adani Power Ltd | ₹4.0 L cr | Unlock | capex coming onlineearnings quality strongdeleveragingcapex intensity elevated | |
| NTPC Ltd | ₹3.3 L cr | Unlock | capex coming onlineearnings quality strongdeleveragingcapex ahead of revenue | |
| Power Grid Corporation of India Ltd | ₹2.7 L cr | Unlock | earnings quality strongdeleveragingcapex intensity elevated | |
| Adani Green Energy Ltd | ₹2.3 L cr | Unlock | earnings quality strongcapex intensity elevated | |
| Adani Energy Solutions Ltd | ₹2.0 L cr | Unlock | earnings quality strongdeleveragingcapex intensity elevated | |
| Tata Power Company Ltd | ₹1.2 L cr | Unlock | earnings quality strongdeleveragingcapex intensity elevated | |
| JSW Energy Ltd | ₹99,668 cr | Unlock | latent operating leverageearnings quality stronglevering upcapex intensity elevated | |
| NHPC Ltd | ₹78,582 cr | Unlock | latent operating leveragecapex coming onlineearnings quality stronglevering up | |
| NTPC Green Energy Ltd | ₹77,800 cr | Unlock | capex coming onlineearnings quality strongcapex intensity elevated | |
| Torrent Power Ltd | ₹72,058 cr | Unlock | capex coming onlineearnings quality strongdeleveragingcapex ahead of revenue | |
| NLC India Ltd | ₹41,460 cr | Unlock | capex coming onlineearnings quality strongdeleveragingcapex ahead of revenue | |
| SJVN Ltd | ₹26,593 cr | Unlock | latent operating leveragecapex coming onlineearnings quality stronglevering up | |
| ACME Solar Holdings Ltd | ₹25,069 cr | Unlock | capex coming onlineearnings quality strongcapex intensity elevated | |
| CESC Ltd | ₹21,713 cr | Unlock | earnings quality stronglevering up | |
| Nava Ltd | ₹15,658 cr | Unlock | capex coming onlineearnings quality strongcapex ahead of revenuecapex intensity elevated | |
| Clean Max Enviro Energy Solutions Ltd | ₹15,452 cr | Unlock | capex coming onlineearnings quality strongcapex intensity elevated | |
| Vedanta Power Ltd | ₹13,944 cr | Unlock | ||
| Jaiprakash Power Ventures Ltd | ₹11,603 cr | Unlock | earnings quality strongcyclical peak base | |
| Reliance Power Ltd | ₹9,703 cr | Unlock | deleveraging | |
| Inox Green Energy Services Ltd | ₹7,767 cr | Unlock | capex coming onlinenet cashcapex ahead of revenuegross block efficient | |
| KPI Green Energy Ltd | ₹7,650 cr | Unlock | latent operating leveragedeleveragingcapex intensity elevated | |
| GMR Power & Urban Infra Ltd | ₹7,545 cr | Unlock | latent operating leverageearnings quality strong | |
| PTC India Ltd | ₹4,914 cr | Unlock | earnings quality stronggross block efficient | |
| RattanIndia Power Ltd | ₹4,570 cr | Unlock | deleveragingcyclical peak base | |
| Gujarat Industries Power Co Ltd | ₹2,510 cr | Unlock | latent operating leveragecapex coming onlineearnings quality stronglevering up | |
| Reliance Infrastructure Ltd | ₹2,470 cr | Unlock | earnings quality strong | |
| Insolation Energy Ltd | ₹2,452 cr | Unlock | latent operating leverageroce compounderdeleveraginggross block efficient | |
| K.P. Energy Ltd | ₹2,109 cr | Unlock | levering upgross block efficient | |
| Ujaas Energy Ltd | ₹1,626 cr | Unlock | ||
| Orient Green Power Company Ltd | ₹1,157 cr | Unlock | earnings quality strongdeleveragingcapital destroyercapex intensity elevated | |
| India Power Corporation Ltd | ₹712 cr | Unlock | earnings quality strongcapital destroyer | |
| Waaree Technologies Ltd | ₹251 cr | Unlock | latent operating leverage | |
| Surana Telecom and Power Ltd | ₹244 cr | Unlock | earnings quality weakcapex intensity elevated | |
| Indowind Energy Ltd | ₹148 cr | Unlock | net cashcapex intensity elevated | |
| Globus Constructors & Developers Ltd | ₹124 cr | Unlock | roce compounder | |
| Emkay Taps & Cutting Tools Ltd | ₹96 cr | Unlock | earnings quality weakgross block efficient | |
| Energy Development Company Ltd | ₹82 cr | Unlock | levering upcapital destroyer | |
| Ampvolts Ltd | ₹68 cr | Unlock | levering upcapex intensity elevated | |
| Waa Solar Ltd | ₹61 cr | Unlock | latent operating leverageearnings quality stronglevering upcapital destroyer | |
| Karma Energy Ltd | ₹43 cr | Unlock | earnings quality strongnet cashcapital destroyer | |
| Advance Metering Technology Ltd | ₹30 cr | Unlock | capital destroyercapex intensity elevated | |
| Gita Renewable Energy Ltd | ₹29 cr | Unlock | capex intensity elevated | |
| Srm Energy Ltd | ₹23 cr | Unlock | ||
| Ind Renewable Energy Ltd | ₹19 cr | Unlock | net cash | |
| Veer Energy & Infrastructure Ltd | ₹18 cr | Unlock | capital destroyercapex intensity elevated |