Utilities sector
70 companies · ₹21.7 L cr · 24 with AI deep dives
5y revenue CAGR
median 11.23%(p25 3.46% · p75 17.5%)
5y avg ROCE
median 11.94%(p25 6.28% · p75 19.67%)
Debt / equity
median 0.51x(p25 0.21x · p75 1.28x)
The AI sector brief for this bucket is prepared once enough companies here have earnings-call coverage.
| 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 | ||
| Va Tech Wabag Ltd | ₹11,816 cr | Unlock | net cashgross block efficient | |
| 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 | |
| Ion Exchange (India) Ltd | ₹6,116 cr | Unlock | latent operating leverageearnings quality weakgross block efficient | |
| PTC India Ltd | ₹4,914 cr | Unlock | earnings quality stronggross block efficient | |
| RattanIndia Power Ltd | ₹4,570 cr | Unlock | deleveragingcyclical peak base | |
| Enviro Infra Engineers Ltd | ₹3,802 cr | Unlock | capex coming onlineroce compoundergross block efficient | |
| 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 | |
| EMS Ltd | ₹2,169 cr | Unlock | capex coming onlinegross block efficient | |
| K.P. Energy Ltd | ₹2,109 cr | Unlock | levering upgross block efficient | |
| Ujaas Energy Ltd | ₹1,626 cr | Unlock | ||
| Rajesh Power Services Ltd | ₹1,497 cr | Unlock | roce compoundergross block efficient | |
| Antony Waste Handling Cell Ltd | ₹1,230 cr | Unlock | latent operating leverageearnings quality strongcapex intensity elevated | |
| Orient Green Power Company Ltd | ₹1,157 cr | Unlock | earnings quality strongdeleveragingcapital destroyercapex intensity elevated | |
| Eco Recycling Ltd | ₹974 cr | Unlock | net cashcapex intensity elevated | |
| Denta Water & Infra Solutions Ltd | ₹897 cr | Unlock | net cashgross block efficient | |
| JITF Infra Logistics Ltd | ₹874 cr | Unlock | capex intensity elevated | |
| Effwa Infra & Research Ltd | ₹868 cr | Unlock | roce compounderearnings quality weak | |
| Z-Tech (India) Ltd | ₹763 cr | Unlock | capex intensity elevated | |
| India Power Corporation Ltd | ₹712 cr | Unlock | earnings quality strongcapital destroyer | |
| Namo eWaste Management Ltd | ₹686 cr | Unlock | earnings quality weaknet cashgross block efficient | |
| Concord Enviro Systems Ltd | ₹592 cr | Unlock | earnings quality weakgross block efficient | |
| Hi-Green Carbon Ltd | ₹342 cr | Unlock | capex coming onlineearnings quality strongcapex intensity elevated | |
| Apex Ecotech Ltd | ₹336 cr | Unlock | roce compounderearnings quality weaknet cashgross block efficient | |
| Felix Industries Ltd | ₹306 cr | Unlock | earnings quality weakcapex intensity elevated | |
| Vvip Infratech Ltd | ₹285 cr | Unlock | gross block efficient | |
| Waaree Technologies Ltd | ₹251 cr | Unlock | latent operating leverage | |
| Surana Telecom and Power Ltd | ₹244 cr | Unlock | earnings quality weakcapex intensity elevated | |
| Organic Recycling Systems Ltd | ₹241 cr | Unlock | capex coming onlineearnings quality weakdeleveragingcapex intensity elevated | |
| Race Eco Chain Ltd | ₹185 cr | Unlock | deleveraginggross block efficient | |
| Indowind Energy Ltd | ₹148 cr | Unlock | net cashcapex intensity elevated | |
| Sattva Engineering Construction Ltd | ₹133 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Globus Constructors & Developers Ltd | ₹124 cr | Unlock | roce compounder | |
| Urban Enviro Waste Management Ltd | ₹115 cr | Unlock | roce compoundergross block efficient | |
| Emkay Taps & Cutting Tools Ltd | ₹96 cr | Unlock | earnings quality weakgross block efficient | |
| Gem Enviro Management Ltd | ₹86 cr | Unlock | earnings quality weaknet cashgross block efficient | |
| Energy Development Company Ltd | ₹82 cr | Unlock | levering upcapital destroyer | |
| Greenleaf Envirotech Ltd | ₹69 cr | Unlock | capex coming onlineroce compounderearnings quality weakgross block efficient | |
| Ampvolts Ltd | ₹68 cr | Unlock | levering upcapex intensity elevated | |
| Filtra Consultants & Engineers Ltd | ₹65 cr | Unlock | latent operating leverageearnings quality weaknet cashgross block efficient | |
| 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 | |
| Ep Biocomposites Ltd | ₹16 cr | Unlock | latent operating leveragecapex coming onlinegross block efficient |