Power Generation sector
19 companies · ₹8.8 L cr · 8 with AI deep dives
5y revenue CAGR
median 11%(p25 3.78% · p75 15.46%)
5y avg ROCE
median 7.78%(p25 5.8% · p75 9.54%)
Debt / equity
median 0.92x(p25 0.32x · p75 1.87x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31tailwindRecord capacity additions - FY26 the biggest build year on record for most covered names7 managements
Six of the eight names reported their highest-ever annual capacity additions in FY26: NTPC group added 9,618 MW ('highest ever annual capacity addition since inception')…
- NTPC (Q4FY26): “During the year, we have added 9,618 MW of capacity. NTPC contributed 1,823 MW and JVs…”
4 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) |
|---|---|---|---|---|
| NTPC Ltd | ₹3.3 L cr | Unlock | capex coming onlineearnings quality strongdeleveragingcapex ahead of revenue | |
| Adani Green Energy Ltd | ₹2.3 L cr | Unlock | earnings quality strongcapex 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 | |
| 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 | |
| Nava Ltd | ₹15,658 cr | Unlock | capex coming onlineearnings quality strongcapex ahead of revenuecapex intensity elevated | |
| 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 | |
| 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 | |
| Orient Green Power Company Ltd | ₹1,157 cr | Unlock | earnings quality strongdeleveragingcapital destroyercapex intensity elevated | |
| Surana Telecom and Power Ltd | ₹244 cr | Unlock | earnings quality weakcapex intensity elevated | |
| Indowind Energy Ltd | ₹148 cr | Unlock | net cashcapex intensity elevated | |
| Energy Development Company Ltd | ₹82 cr | Unlock | levering upcapital destroyer | |
| Karma Energy Ltd | ₹43 cr | Unlock | earnings quality strongnet cashcapital destroyer |