Top Power Stocks Compared: JP Power vs Suzlon vs Vedanta Power vs Reliance Power vs Inox Wind on Price, Valuation, Q2 FY27 Results and Risks
- November 4, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Previous close: JP Power Rs 13.54, Suzlon Rs 35.25, Vedanta Power Rs 34.53, Reliance Power Rs 18.57, Inox Wind Rs 59.78.
Quick Answer
This power stocks compared snapshot checks five names on price, valuation and Q2 FY27 results: JP Power, Suzlon, Vedanta Power, Reliance Power and Inox Wind. Vedanta Power is the largest by market capitalisation at Rs 13,495 crore. JP Power reports the highest return on equity at 9.05%. Generators and turbine makers sit in different parts of the power chain, so read each against its own business model.
Power stocks compared here means JP Power, Suzlon, Vedanta Power, Reliance Power and Inox Wind on one page, checked on previous close, market value, valuation and the latest quarterly numbers. The group mixes electricity generators with wind turbine makers, so each figure needs a little context before it can be read fairly.
Wherever a company has filed its September 2026 quarter, the numbers below are Q2 FY27. Reliance Power and Inox Wind are shown on their June 2026 quarter because their September filings are still awaited. Power names tend to move with the wider market, so a glance at the Nifty 50 page and the Sensex page before you read the tables gives useful backdrop.
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Power Stocks Compared: Meet the Five Names and Their Businesses
The power stocks compared here are JP Power, Suzlon, Vedanta Power, Reliance Power and Inox Wind. Vedanta Power is the largest by market capitalisation at Rs 13,495 crore. Previous closes run from Rs 13.54 for JP Power to Rs 59.78 for Inox Wind, which is why a side-by-side look at value rather than price is more useful. This power stocks compared list is the base for every table that follows.
| Stock | Previous close (Rs) | Market cap (Rs crore) |
|---|---|---|
| JP Power | 13.54 | 9,280 |
| Suzlon | 35.25 | |
| Vedanta Power | 34.53 | 13,495 |
| Reliance Power | 18.57 | 7,684 |
| Inox Wind | 59.78 | 10,318 |
A quick look at the business behind each ticker puts the numbers in context. JP Power runs thermal power generation capacity in Madhya Pradesh and sells electricity under long-term and short-term arrangements, while Suzlon designs and manufactures wind turbine generators and offers wind-farm services across India. Vedanta Power is the power business of the Vedanta group, anchored by the Talwandi Sabo thermal plant in Punjab, and Reliance Power is a Reliance Group power developer with thermal, hydro and renewable projects in its portfolio. To compare power stocks properly, line up price to book, debt to equity and order execution before forming a view.
Rounding out the group, Inox Wind manufactures wind turbines along with blades and towers, and develops wind projects for customers. A fair power stock comparison looks at what each company actually earns from, not only at the share price. Generators and equipment makers belong in separate mental boxes whenever you compare power stocks fairly.
Power Stocks Valuation: Price to Book and Debt Tell the Story
JP Power trades at the lowest price to earnings ratio in this group at 18.81. It also reports the highest return on equity at 9.05%. Reliance Power has the lowest price to book value at 0.53. These power stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this power stocks compared table: price to book and debt to equity sit side by side so a high or low reading stands out at once.
| Stock | Price to earnings | Price to book | ROE (%) | Dividend yield (%) | Debt to equity |
|---|---|---|---|---|---|
| JP Power | 18.81 | 0.70 | 9.05 | 0.23 | |
| Vedanta Power | 1.56 | 0.87 | |||
| Reliance Power | 0.53 | 0.92 | |||
| Inox Wind | 24.77 | 1.62 | 6.35 | 0.25 |
Power is a capital-heavy business, so two numbers deserve extra attention: price to book value and debt to equity. A generator that owns plants carries those assets on its balance sheet, which makes price to book a fair first filter. An equipment maker such as a wind turbine company earns more like a manufacturer, so price to earnings and order execution matter more. Mixing the two models in one table is useful, but only if you remember which yardstick fits which company. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple power stock comparison like this one is only as useful as the context behind it, which is why order execution is worth checking as well.
In this group, price to earnings runs from 18.81 for JP Power to 24.77 for Inox Wind. Industry price to earnings readings differ by sub-sector: JP Power and Reliance Power at 20.02; Vedanta Power at 24.98; Inox Wind at 41.89. The industry price to earnings for each stock is a handy anchor: a stock above it is being priced for faster growth, and a stock below it is priced for steadier, slower earnings. A well-built power stock comparison also notes that wind and thermal stocks react to different news. Run the same power stock comparison on your own watchlist and the pattern in these numbers will be easier to spot. Whenever you compare power stocks, note whether a premium is backed by returns or only by size.
Power Stocks Q2 FY27 Results: Revenue and Profit Check
Two of the five power stocks compared have filed Q2 FY27 numbers. Vedanta Power posted the fastest revenue growth at 38.6% year on year. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. The others are shown on their latest reported quarter, so read each one for what it is. Treat the Q2 FY27 numbers in this power stocks compared review as a snapshot of one quarter, not a verdict on any business model.
| Stock | Q2 FY27 revenue (Rs crore) | Q2 FY26 revenue (Rs crore) | Q2 FY27 net profit (Rs crore) | Q2 FY26 net profit (Rs crore) |
|---|---|---|---|---|
| JP Power | 1,579 | 1,478 | ||
| Vedanta Power | 2,919 | 2,106 |
JP Power Results Snapshot
JP Power reported Q2 FY27 revenue of Rs 1,579 crore, compared with Rs 1,478 crore a year earlier, a rise of 6.8%. Net profit for the quarter was Rs 33.3 crore.
Suzlon Results Snapshot
Suzlon is tracked here on price and its 52-week trading range of Rs 33.15 to Rs 61.50. Its quarterly filing on the exchange website carries the revenue and profit detail, so read it before you set the stock against the rest.
Vedanta Power Results Snapshot
Vedanta Power’s Q2 FY27 top line stood at Rs 2,919 crore, versus Rs 2,106 crore in Q2 FY26, a rise of 38.6%. Net profit for the quarter was Rs 83.0 crore.
Reliance Power Results Snapshot
Reliance Power has reported only its Q1 FY27 numbers so far, with revenue of Rs 2,104 crore against Rs 2,025 crore in Q1 FY26. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.
Inox Wind Results Snapshot
Inox Wind has reported only its Q1 FY27 numbers so far, with revenue of Rs 871.7 crore against Rs 862.6 crore in Q1 FY26. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.
Power results can look uneven from one quarter to the next. Generators depend on plant availability and tariffs, while turbine makers book revenue as projects are delivered, so a single quarter rarely tells the whole story. That is why a power stock comparison works best when it looks at two or three quarters together. Used this way, a power stocks compared review becomes a map of the sector rather than a price list. When you compare power stocks after each result season, track how order execution changes from one quarter to the next. A power stock comparison built on one quarter of data is a starting point, and the next set of results will update it.
Power Stocks Compared Two at a Time: Thermal Plants and Wind Makers
Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare power stocks two at a time.
JP Power vs Vedanta Power
JP Power and Vedanta Power both earn their living from thermal generation, which makes them the most natural pairing in this group. Vedanta Power is about 1.5 times the size of JP Power by market capitalisation, at Rs 13,495 crore against Rs 9,280 crore. On price to book, JP Power sits lower at 0.70 against 1.56 for Vedanta Power. In Q2 FY27, Vedanta Power grew revenue faster, at 38.6% year on year against 6.8% for JP Power. Because both sell electricity from coal-based plants, fuel supply and tariff terms will decide who looks better in the quarters ahead.
Suzlon vs Inox Wind
Suzlon and Inox Wind build wind turbines, so they are judged on order books and delivery pace more than on plant output. Suzlon closed at Rs 35.25 and has ranged from Rs 33.15 to Rs 61.50 over the past 52 weeks, while the other stock in this pair closed at Rs 59.78. Wind turbine makers book revenue when projects are delivered, so the latest order announcements and execution updates matter as much as any ratio here.
Reliance Power vs JP Power
Reliance Power and JP Power are long-listed generator names with share prices below Rs 20, which makes them popular with readers who like low-priced stocks. The two are close in size, with market capitalisations of Rs 7,684 crore for Reliance Power and Rs 9,280 crore for JP Power. On price to book, Reliance Power sits lower at 0.53 against 0.70 for JP Power. A low share price does not make a stock small or large, so read market capitalisation and price to book rather than the price alone.
Best Power Stocks for Each Type of Investor
If you are asking which of the best power stocks here suits you, the answer depends on what you value. The table below shows who leads on each measure today, which is the fairest way to answer without naming a single winner. Any power stocks compared table can mislead if you stop at one row, because each business model leads on a different measure.
| If you care most about | Start your research with | The number |
|---|---|---|
| Lowest price to earnings | JP Power | 18.81 |
| Highest return on equity | JP Power | 9.05% |
| Lowest price to book value | Reliance Power | 0.53 |
| Largest by market capitalisation | Vedanta Power | Rs 13,495 crore |
| Fastest Q2 FY27 revenue growth | Vedanta Power | 38.6% |
No single name tops every row, which is exactly why a power stock comparison helps. Generators and equipment makers sit in different parts of the power chain, so decide which part you want exposure to before you rank the numbers.
What Is Powering the Sector Right Now?
Electricity demand in India keeps rising with industrial activity, data centres, cooling needs and electrification, and that gives both generators and equipment makers a long runway. Thermal plants still carry the base load, while wind and solar are being added at pace to meet clean energy targets. Knowing what moves tariffs and project timelines helps you compare power stocks with the right questions in mind.
Wind turbine makers benefit when developers and large power users commission new capacity, so order books and execution speed matter as much as price. Generators, on the other hand, are tracked for plant availability, fuel linkages and the tariffs they secure under long-term contracts. A good power stocks compared routine therefore tracks plant load factors, order inflows, debt levels and tariff realisations.
Risks to Weigh When You Compare Power Stocks
Power stocks can swing sharply on policy announcements, fuel costs, tariff decisions and the pace of project execution. Some names here are smaller by market capitalisation and trade in high volumes, so price moves can be sudden. Check filings for debt, order execution and customer concentration before you act on any comparison. Every power stock comparison has blind spots, and for this group the biggest is tariffs and project timelines. A thoughtful power stocks compared review keeps these risks next to the numbers instead of in a footnote.
Because plant load factors, order inflows, debt levels and tariff realisations drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this power stocks compared guide a balanced starting point.
How to Compare Power Stocks and Build a Shortlist
Start by deciding whether you want exposure to power generation or to the equipment and wind side of the chain, because the two respond to different triggers. Generators reward patient readers who track tariffs and plant availability, while turbine makers reward those who track order books. Done step by step, this power stocks compared routine becomes repeatable rather than a one-off exercise.
Then check debt, because power projects are funded with borrowing and interest costs can change profit quickly. Spreading your attention across one generator and one equipment maker is a simple way to see both sides of the story without overloading on one risk. Keep the shortlist of best power stocks short enough that you can actually follow each company’s quarterly results. When you compare power stocks again after new results, update only the rows that changed instead of starting over.
The Univest stock screener lets you filter power stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this power stocks compared page after the next set of results to see which numbers have moved.
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Conclusion: Power Stocks Compared at a Glance
This power stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. Vedanta Power leads on size and JP Power leads on return on equity, while the others bring their own strengths. Treat the power stocks Q2 FY27 results and power stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare power stocks again next quarter, the same checklist of price to book, debt to equity and order execution will work.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Power Stocks Compared
Which are the top power stocks compared in this article?
Ans. The power stocks compared in this article are JP Power, Suzlon, Vedanta Power, Reliance Power and Inox Wind. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, so you get a clear side-by-side starting point before you open any single company’s filings in more depth.
Which power stock has the highest market capitalisation?
Ans. Among the five names, Vedanta Power has the highest market capitalisation at Rs 13,495 crore. Inox Wind follows at Rs 10,318 crore. Market capitalisation is the total value the market places on a company and moves with the share price every day, so check the live figure before you rely on it.
Which of these power stocks has the lowest price to earnings ratio?
Ans. On power stocks valuation, JP Power has the lowest price to earnings ratio among these power stocks at 18.81, based on the latest reported earnings. Inox Wind sits at the other end at 24.77. A lower multiple is not automatically better, since growth, margins and business quality all influence what investors are willing to pay.
Which power stock has the highest return on equity?
Ans. JP Power reports the highest return on equity in this group at 9.05%. Return on equity shows how much profit a company earns on shareholder funds, so a higher figure usually points to efficient use of capital. Compare it over several years, and keep debt levels in mind, because heavy borrowing can lift the ratio.
How did power stocks perform in Q2 FY27 results?
Ans. Two of the five names have filed Q2 FY27 numbers in our data. Vedanta Power recorded the fastest revenue growth at 38.6% year on year. For power stocks Q2 FY27 results, the others are covered on their latest reported quarter, and each filing on the exchange website carries the full detail.
What are the main risks when you compare power stocks?
Ans. Power stocks can swing sharply on policy announcements, fuel costs, tariff decisions and the pace of project execution. Some names here are smaller by market capitalisation and trade in high volumes, so price moves can be sudden. Check filings for debt, order execution and customer concentration before you act on any comparison. Keep an eye on plant load factors, order inflows, debt levels and tariff realisations.
Which metrics matter most when you compare power stocks?
Ans. Price to book value, debt to equity and return on equity are the three most useful numbers for a power generator, since plants and borrowing sit at the heart of the business. For wind turbine makers, price to earnings, order book size and delivery pace matter more. Because the two groups are built differently, read each stock against its own business model and then check the quarterly filing for plant load factors or order inflows.
Which is the best power stock to buy among these five?
Ans. The word best depends on what you value, because the five power names differ in size, valuation and business model. On the numbers in this article, Vedanta Power has the largest market capitalisation; JP Power has the lowest price to earnings as well as the highest return on equity. No single stock tops every measure, and none of this is a recommendation. Use the tables to build a shortlist, check the latest filings, and speak to a SEBI-registered advisor before you decide, since your goals, time horizon and risk appetite matter more than any ranking.
