4 Green energy stocks with high net profit CAGR of upto 107% in 3 yrs to keep on your radar

The compound annual growth rate (CAGR) is the mean annual growth rate of an investment over a period longer than one year, considering the effect of compounding. It’s one of the most accurate ways to calculate and determine returns for individual assets, investment portfolios, and anything that can rise or fall in value over time.

Here are a few green energy stocks with a net profit CAGR of up to 107 percent from FY21 to FY24:

1. JSW Energy Limited

With a market cap of Rs. 76,377.5 crores, the stock moved up by nearly 0.5 percent to Rs. 469.7 on BSE, during the trading session of Friday.

Further, the net profit of JSW Energy increased by a CAGR of nearly 28 percent to Rs. 1,725 crores in FY24, as against Rs. 823 crores in FY21.

JSW Energy Limited, a holding company for the JSW group’s power business, is primarily engaged in the business of generation of power from its power assets located in Karnataka, Maharashtra, Nandyal, and Salboni.

2. Suzlon Energy Limited

With a market cap of Rs. 69,807.4 crores, the stock moved up by nearly 1.3 percent to Rs. 54.03 on BSE, during the trading session of Friday.

Further, the net profit of Suzlon Energy increased by a CAGR of nearly 85 percent to Rs. 660 crores in FY24, as against Rs. 104 crores in FY21.

Suzlon Energy Limited, one of the leading global renewable energy solutions providers, is a vertically integrated WTG manufacturer and undertakes installation and O&M of all WTG sales.

Also read: Market leader stock with a net profit CAGR of up to 42% in 5 years to keep an eye on

3. Adani Green Energy Limited

With a market cap of Rs. 1.4 lakh crores, the stock moved up by nearly 1.2 percent to Rs. 924.45 on BSE, during the trading session of Friday.

Further, the net profit of Adani Green Energy increased by a CAGR of nearly 90 percent to Rs. 1,260 crores in FY24, as against Rs. 182 crores in FY21.

Adani Green Energy Limited is a holding company of several subsidiaries carrying business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities.

4. Premier Energies Limited

With a market cap of Rs. 43,369 crores, the stock moved up by nearly 1.7 percent to Rs. 1,018.4 on BSE, during the trading session of Friday.

Further, the net profit of Premier Energies increased by a CAGR of nearly 107 percent to Rs. 231 crores in FY24, as against Rs. 26 crores in FY21.

Incorporated in April 1995, Premier Energies Limited specializes in manufacturing integrated solar cells and solar panels, and its product portfolio includes solar cells, solar modules, monofacial and bifacial modules, as well as EPC and O&M solutions.

Written by Shivani Singh

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