Photo voltaic vitality recorded the very best capability addition in FY25, with 23.83 GW put in—up considerably from 15.03 GW within the earlier yr. India’s renewable vitality sector is projected to draw investments exceeding $250 billion, together with round $15.5 billion for photo voltaic PV initiatives and $2.7 billion for battery manufacturing. Between 2025 and 2030, energy technology from photo voltaic and wind initiatives is anticipated to stay cost-competitive in comparison with thermal energy in India.
Following are just a few photo voltaic shares with a PEG lower than 1 to maintain in your radar:
With a market cap of Rs. 1.01 lakh crores, the inventory surged by round 1.2 p.c on BSE, rising to Rs. 3,544.4 on Friday. The corporate has reported a low PEG ratio of 0.24, indicating that the inventory could also be undervalued. Moreover, the corporate has a Return on Fairness (ROE) of 27.4 p.c and a Return on Capital Employed (ROCE) of 34.9 p.c.
Waaree Energies Restricted is India’s largest photo voltaic module producer and main renewable vitality firm. The corporate provides a variety of photo voltaic options, together with panel manufacturing, EPC providers, mission growth, and rooftop photo voltaic techniques.
With a market cap of Rs. 47,457.5 crores, the inventory surged by round 1 p.c on BSE, rising to Rs. 1,063.45 on Friday. The corporate has reported a low PEG ratio of 0.15, indicating that the inventory could also be undervalued. Moreover, the corporate has a Return on Fairness (ROE) of 53.6 p.c and a Return on Capital Employed (ROCE) of 41.1 p.c.
Premier Energies Restricted is considered one of India’s largest totally built-in photo voltaic cell and module producers, with an annual put in capability of three.2 GW for photo voltaic cells and 5.1 GW for modules unfold throughout three factories in Telangana. It holds practically a 100% market share in photo voltaic cell exports from India to the US.
With a market cap of Rs. 4,336.3 crores, the inventory surged by round 2 p.c on BSE, rising to Rs. 203.05 on Friday. The corporate has reported a low PEG ratio of 0.22, indicating that the inventory could also be undervalued. Moreover, the corporate has a Return on Fairness (ROE) of 49.9 p.c and a Return on Capital Employed (ROCE) of 56.6 p.c.
Insolation Vitality Restricted is especially engaged within the enterprise of producing a variety of photo voltaic merchandise, together with photo voltaic modules, photo voltaic PCUs, and photo voltaic batteries, all marketed below the model identify of INA.
With a market cap of Rs. 5,452 crores, the inventory surged by round 0.5 p.c on BSE, rising to Rs. 1,296.9 on Friday. The corporate has reported a low PEG ratio of 0.18, indicating that the inventory could also be undervalued. Moreover, the corporate has a Return on Fairness (ROE) of 80.2 p.c and a Return on Capital Employed (ROCE) of 59.2 p.c.
Websol Vitality System Restricted is engaged within the enterprise of producing photo voltaic photovoltaic (PV) cells and modules, specialising in producing high-efficiency photo voltaic cells and modules incorporating superior Mono PERC know-how.
Written by Shivani Singh
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