Dear friends, due to global warming, our planet’s temperature is rising. As a result, almost every country’s government is prioritizing solar energy. Even in India, the government has launched several projects to promote solar energy.
Additionally, the Indian government is encouraging companies to produce solar energy. If you’re searching for “Solar penny stocks in India under 1 rupees,” you’ve come to the right place. In this article, we’ve tried to provide information on some best solar penny stock companies.
While we haven’t found any companies trading below ₹1, we’ve compiled a list of the lowest-priced penny stocks in the solar sector.
Discover the top solar penny stocks in India under ₹100, including Jaiprakash Power, Urja Global, Suzlon Energy, and more.
Learn about their performance, financials, and growth potential in the renewable energy sector. Perfect for smart investors seeking affordable opportunities in solar energy!
With the growing concerns about global warming and climate change, governments across the globe are promoting renewable energy, especially solar energy.
India, too, has taken significant steps to encourage solar energy production by launching various projects and incentivizing companies in this sector.
If you’re exploring solar penny stocks under ₹1, you’re at the right place. While there aren’t any solar stocks under ₹1, this article provides insights into affordable solar penny stocks trading under ₹100 that are making strides in the solar energy industry.
Top Solar Penny Stocks in India (Under ₹100)
Here is a detailed analysis of five solar companies that trade at relatively low prices and are involved in solar infrastructure and production.
1. Jaiprakash Power Ventures Limited
- Share Price: ₹18
- Market Cap: ₹12.44 TCr
Overview:
Jaiprakash Power Ventures, established in 1994, operates in coal mining, cement grinding, thermal power production, and renewable energy, including solar, wind, and biomass. The company is actively working to diversify its energy solutions portfolio.
Key Metrics:
- PE Ratio: 25.5
- ROCE: 5.56%
- ROE: 0.57%
- Book Value: ₹15.6
- Face Value: ₹10
- Dividend: None
2023 Financials:
- Revenue: ₹2.19 TCr
- Net Income: ₹172.85 Cr
Highlights:
- Trades at 1.09x its book value.
- Focused on alternative energy solutions with promising growth potential.
2. Urja Global Limited
- Share Price: ₹22
- Market Cap: ₹1.17 TCr
Overview:
Founded in 1992 and headquartered in Delhi, Urja Global is a leader in solar energy. The company specializes in solar power generation, installation, and maintenance, as well as manufacturing batteries for solar systems.
Key Metrics:
- PE Ratio: 471
- ROCE: 1.55%
- ROE: 0.89%
- Book Value: ₹3.30
- Face Value: ₹1
- Dividend: None
Highlights:
- Debt-free company.
- Trades at 6.72x its book value.
- Declining promoter holding, currently at 19.43%.
3. Suzlon Energy Limited
- Share Price: ₹41
- Market Cap: ₹55.99 TCr
Overview:
Suzlon Energy is a renewable energy giant focusing on wind energy production. The company manufactures wind turbines and has also ventured into solar energy solutions.
Key Metrics:
- PE Ratio: 114
- ROCE: 20.8%
- ROE: 2%
- Book Value: ₹2.53
- Face Value: ₹2
- Dividend: None
2023 Financials:
- Revenue: ₹1.55 TCr
Highlights:
- Debt-free, which is rare in this industry.
- Trades at 16x its book value.
- Promoter holding is low at 13.3%.
4. Surana Solar Limited
- Share Price: ₹42
- Market Cap: ₹206.42 Cr
Overview:
Established in 2006, Surana Solar manufactures photovoltaic modules and generates renewable energy, including solar and wind power. The company has significant projects in Gujarat and Telangana.
Key Metrics:
- ROCE: -1.44%
- ROE: -2.22%
- Book Value: ₹11.4
- Face Value: ₹5
- Dividend: None
2023 Financials:
- Revenue: ₹4.4 Cr
Highlights:
- Debt-free.
- Trades at 3.69x its book value.
- Faces challenges with negative returns and low interest coverage ratio.
5. NHPC Limited
- Share Price: ₹90
- Market Cap: ₹90.76 TCr
Overview:
NHPC, a public sector enterprise established in 1975, is involved in hydroelectric, solar, geothermal, wind, and tidal energy production. The company plays a pivotal role in India’s renewable energy sector.
Key Metrics:
- PE Ratio: 24.4
- ROCE: 8.49%
- ROE: 10.8%
- Book Value: ₹38.9
- Face Value: ₹10
- Dividend Yield: 2.06%
2023 Financials:
- Revenue: ₹2.06 TCr (down by 20.41% from the previous year).
Highlights:
- Strong promoter holding at 67.40%.
- Consistent sales growth of 6.46% over the past five years.
Summary of Solar Penny Stocks (Share Prices)
| Company | Share Price (₹) | Market Cap (₹Cr) | Debt-Free |
|---|---|---|---|
| Jaiprakash Power Ventures Ltd. | 18 | 12,440 | No |
| Urja Global Ltd. | 22 | 1,170 | Yes |
| Suzlon Energy Ltd. | 41 | 55,990 | Yes |
| Surana Solar Ltd. | 42 | 206.42 | Yes |
| NHPC Ltd. | 90 | 90,760 | No |
FAQs About Solar Penny Stocks in India
1. Are there any solar penny stocks under ₹1?
Currently, there are no solar stocks under ₹1. However, affordable stocks under ₹100 are available.
2. Is it safe to invest in solar penny stocks?
Investing in penny stocks carries risks due to market volatility and low liquidity. Always research thoroughly or consult a financial advisor.
3. Why is the solar energy sector important?
With increasing global emphasis on renewable energy, solar power is a sustainable and growing industry with long-term potential.
Conclusion
The future of renewable energy, particularly solar energy, is bright as countries prioritize sustainability. Companies like Jaiprakash Power Ventures, Urja Global, Suzlon Energy, Surana Solar, and NHPC are well-positioned to benefit from this transition. However, due diligence and expert advice are crucial before investing in penny stocks.
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