Stocks

Best Power Stocks With Positive Brokerage Ratings in 2026

Power stocks in 2026 show a mix of strong returns, attractive valuations and solid profitability. Adani Power and Adani Energy Solutions lead returns, while Siemens Energy India leads ROE and ROCE.

Written By : Pardeep Sharma
Reviewed By : Pranchal Srivastava

Key Takeaways - 

  • Adani Energy Solutions leads the group with a 108.17% one-year return.

  • Siemens Energy India records the highest ROE at 50.22% and ROCE at 29.44%.

  • NTPC has the lowest PE ratio among the ten stocks at 12.13.

India’s power sector has entered a major growth phase, supported by rising electricity demand, new capacity, grid expansion, and stronger focus on energy infrastructure. Power generation, transmission, and distribution companies can benefit from this long-term demand. Positive brokerage views can also bring greater market attention to companies with strong financial and growth prospects.

Adani Power Ltd

Adani Power Ltd holds a market cap of Rs. 4,03,050.12 crore, with its share price at Rs. 205.28. The company operates in the Power Generation segment and has a PE ratio of 31.40. Its PB ratio stands at 6.06.

The stock has delivered a 1M return of -5.78%, while its 6M return stands at 43.78%. Over one year, Adani Power has gained 75.74%. Its ROE stands at 20.64, while ROCE is 15.57. The combination of strong yearly returns and healthy profitability keeps Adani Power among the major power stocks under market focus.

NTPC Ltd

NTPC Ltd has a market cap of Rs. 3,28,183.67 crore and a close price of Rs. 339.95. The company operates in Power Generation and has a PE ratio of 12.13. Its PB ratio stands at 1.55.

NTPC has recorded a 1M return of -2.86% and a 6M return of -7.90%. Its 1Y return is 0.18%. The company has an ROE of 13.45 and an ROCE of 8.67. Its lower PE ratio gives NTPC a different valuation profile compared with several other large power companies.

Power Grid Corporation of India Limited

Power Grid Corporation of India Limited has a market cap of Rs. 2,49,209.68 crore and a close price of Rs. 266.65. The company operates in Power Transmission & Distribution. Its PE ratio stands at 15.65, while the PB ratio is 2.48.

The stock has posted a 1M return of -6.04%, a 6M return of -11.26%, and a 1Y return of -7.64%. Its ROE stands at 16.49, while ROCE is 9.55. The company remains a major name in India’s transmission network, which gives it an important role in the power sector.

Adani Energy Solutions Ltd

Adani Energy Solutions Ltd has a market cap of Rs. 1,98,363.21 crore and a close price of Rs. 1,615.00. It operates in Power Infrastructure and has a PE ratio of 86.90. Its PB ratio stands at 7.48.

The stock has a 1M return of -2.01%, while its 6M return has reached 60.94%. Its 1Y return stands at 108.17%, the highest one-year gain among these power stocks. ROE stands at 9.22, with ROCE at 8.73. The sharp yearly rise has placed the company firmly among the sector’s high-return names.

Siemens Energy India Ltd

Siemens Energy India Ltd has a market cap of Rs. 1,26,914.23 crore and a close price of Rs. 3,527.00. The company operates in Power Generation. Its PE ratio is 115.37, while its PB ratio stands at 28.97.

The stock has gained 5.47% in one month, 25.55% in six months, and 11.15% over one year. Siemens Energy India has an ROE of 50.22 and an ROCE of 29.44. These are the strongest profitability figures among the ten companies, giving the stock a distinct position within the sector.

Tata Power Company Ltd

Tata Power Company Ltd has a market cap of Rs. 1,21,422.90 crore and a close price of Rs. 383.00. The company operates in Power Transmission & Distribution. Its PE ratio stands at 32.40, while its PB ratio is 2.55.

Tata Power has posted a 1M return of 1.39% and a 6M return of 0.24%. Its 1Y return stands at -0.60%. ROE is 8.31, while ROCE is 8.79. The company remains one of the most recognised names in India’s power industry, with exposure across several parts of the electricity value chain.

JSW Energy Ltd

JSW Energy Ltd has a market cap of Rs. 1,03,166.39 crore and a close price of Rs. 557.05. It operates in Power Generation and trades at a PE ratio of 46.07. Its PB ratio stands at 3.07.

The stock has recorded a 1M return of 0.54%, a 6M return of 13.70%, and a 1Y return of 5.27%. Its ROE stands at 7.15, while ROCE is 7.53. Positive returns across all three periods show steady market performance, although the gains remain moderate compared with Adani Power and Adani Energy Solutions.

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Torrent Power Ltd

Torrent Power Ltd has a market cap of Rs. 67,039.33 crore and a close price of Rs. 1,308.00. The company operates in Power Transmission & Distribution. Its PE ratio is 27.74, while its PB ratio stands at 3.40.

The stock has recorded a 1M return of -10.26% and a 6M return of -11.11%. Its 1Y return stands at -1.62%. ROE is 12.74, while ROCE is 12.03. Despite weak recent share performance, the company maintains solid profitability measures.

Kalpataru Projects International Limited

Kalpataru Projects International Limited has a market cap of Rs. 23,015.02 crore and a close price of Rs. 1,350.00. The company operates in Power Infrastructure and has a PE ratio of 22.13. Its PB ratio stands at 2.98.

The stock has gained 1.36% in one month, 22.70% in six months, and 9.57% over one year. Its ROE stands at 14.65, while ROCE reaches 22.65. The strong six-month return and healthy ROCE make the company an interesting name within the power infrastructure segment.

CESC Ltd

CESC Ltd has a market cap of Rs. 21,343.01 crore and a close price of Rs. 167.70. The company operates in Power Generation. Its PE ratio stands at 13.84, while its PB ratio is 1.69.

CESC has delivered a 1M return of 4.33%, a 6M return of 8.56%, and a 1Y return of 2.93%. The company has an ROE of 11.14 and an ROCE of 10.70. Its relatively low PE ratio and positive returns across all three periods give it a notable position among the smaller companies in this group.

Why This Matters
Power companies play a key role in India’s economic growth and energy supply. Positive brokerage ratings can draw attention to stocks with strong business prospects. Market returns, valuations, ROE, and ROCE add useful context for stock comparison and can help investors assess opportunities and risks before making financial decisions.

Valuation, Returns Set These Stocks Apart

The power sector presents a wide range of investment profiles in 2026. Adani Energy Solutions leads the group with a 108.17% 1Y return, followed by Adani Power at 75.74%. Siemens Energy India stands out for its 50.22% ROE and 29.44% ROCE.

At the valuation end, NTPC has a PE ratio of 12.13, while CESC has a PE ratio of 13.84. These figures offer a useful contrast with Siemens Energy India at 115.37 and Adani Energy Solutions at 86.90. Such differences make valuation, profitability, and share performance important factors when assessing power stocks in 2026.

FAQs

1. Which power stock has the highest one-year return?

Adani Energy Solutions Ltd has the highest one-year return at 108.17%.

2. Which power stock has the highest ROE?

Siemens Energy India Ltd has the highest ROE at 50.22%.

3. Which power stock has the lowest PE ratio?

NTPC Ltd has the lowest PE ratio at 12.13.

4. Which power stock has the highest ROCE?

Siemens Energy India Ltd has the highest ROCE at 29.44%.

5. Which power stocks have positive one-year returns?

Adani Power, Adani Energy Solutions, Siemens Energy India, JSW Energy, Kalpataru Projects International and CESC have positive one-year returns.

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