Renewable Energy Generation
50 GW/year auction cycle until FY2028
renewablesgenerationhigh-growth
Theme scorecard
Measures whether this idea is investable today by blending cohort quality, valuation cushion, and price momentum. It is a research filter, not advice.
Theme
13
Stretched
Quality
0
Valuation
7
Momentum
51
Positive MoS
0%
P/E 93.7 · ROCE 7%
Thesis
India's Ministry of New and Renewable Energy has set a 50 GW annual renewable bidding trajectory — 40 GW solar + 10 GW wind — sustained through FY2028. Generators with execution muscle are sitting on multi-year visible order books. The cohort is fragmented (no oligopoly), which means name selection matters more than theme exposure.
- ▸50 GW/year bidding trajectory through FY2028
- ▸Falling tariffs + improving PPA terms
- ▸Fragmented cohort — quality of execution is the differentiator
- ▸Weighted-avg cost of capital a key risk for leveraged names
Top picks · ranked by U-Score within this cohort
#1TATAPOWERLarge
Tata Power Company Limited
Power
OVERVALUED
Renewables >40% revenue; leading solar EPC + generation arm
MoS: -4.4%Piotroski: 6/9ROCE: 11%P/E: 34.0D/E: 1.93
25
U-Score
₹398.65
Open →
#2JSWENERGYMid
JSW Energy Limited
Power
OVERVALUED
Diversified — hydro + solar + wind portfolio; 5+ GW clean energy
MoS: -35.1%Piotroski: 6/9ROCE: 8%P/E: 45.9D/E: 2.50
25
U-Score
₹570.85
Open →
#3ADANIGREENLarge
Adani Green Energy Limited
Power
OVERVALUED
Largest private renewable developer — 10+ GW solar/wind capacity
MoS: -347.9%Piotroski: 6/9ROCE: 7%P/E: 134.0D/E: 5.19
20
U-Score
₹1532.00
Open →