{"id":294094,"date":"2026-10-08T10:54:35","date_gmt":"2026-10-08T05:24:35","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=294094"},"modified":"2026-10-08T10:54:35","modified_gmt":"2026-10-08T05:24:35","slug":"power-producer-and-wind-services-stocks-strong-roadmap","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/","title":{"rendered":"3 Power Producer and Wind Services Stocks With a Strong Future Roadmap: JSW Energy, NHPC and Inox Green Energy Services"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>JSW Energy Rs 485.45, P\/E 36.17. NHPC Rs 72.50, P\/E 17.05. Inox Green Rs 135.87, P\/E 46.83. Closing prices of 7 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Power producer and wind services stocks with the clearest long-term roadmaps today include JSW Energy in thermal, hydro and renewable power generation, NHPC in hydroelectric power generation and Inox Green Energy Services in operations and maintenance services for wind turbines. FY26 revenue growth was 57.3% at JSW Energy, 9.2% at NHPC and 69.1% at Inox Green. P\/E stands at 36.17 for JSW Energy (industry 22.45), 17.05 for NHPC (industry 22.45) and 46.83 for Inox Green (industry 37.10). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Power producer and wind services stocks give investors exposure to firms that generate electricity from hydro, thermal and renewable sources and maintain wind turbines. Results depend on plant availability, power contracts and project timelines, which is why debt and cash flow matter as much as headline growth.<\/p>\n<p>This list covers three power generation and wind maintenance stocks: JSW Energy for thermal, hydro and renewable power generation, NHPC for hydroelectric power generation and Inox Green Energy Services for operations and maintenance services for wind turbines. Every figure comes from the latest reported financials and the 7 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=power-producer-and-wind-services-stocks-strong-roadmap\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#What_Are_Power_Producer_and_Wind_Services_Stocks\" title=\"What Are Power Producer and Wind Services Stocks?\">What Are Power Producer and Wind Services Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#Power_Producer_and_Wind_Services_Stocks_at_a_Glance\" title=\"Power Producer and Wind Services Stocks at a Glance\">Power Producer and Wind Services Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#Why_Do_Power_Producer_and_Wind_Services_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Power Producer and Wind Services Stocks Have a Strong Roadmap in India?\">Why Do Power Producer and Wind Services Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#JSW_Energy_Thermal_Hydro_and_Renewable_Power_Anchors_the_Roadmap\" title=\"JSW Energy: Thermal, Hydro and Renewable Power Anchors the Roadmap\">JSW Energy: Thermal, Hydro and Renewable Power Anchors the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#NHPC_Hydroelectric_Power_Drives_the_Pipeline\" title=\"NHPC: Hydroelectric Power Drives the Pipeline\">NHPC: Hydroelectric Power Drives the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#Inox_Green_Energy_Services_Wind_Turbine_Maintenance_Builds_the_Next_Leg\" title=\"Inox Green Energy Services: Wind Turbine Maintenance Builds the Next Leg\">Inox Green Energy Services: Wind Turbine Maintenance Builds the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#Best_Power_Producer_and_Wind_Services_Stocks_in_India_JSW_Energy_vs_NHPC_vs_Inox_Green_on_Key_Financials\" title=\"Best Power Producer and Wind Services Stocks in India: JSW Energy vs NHPC vs Inox Green on Key Financials\">Best Power Producer and Wind Services Stocks in India: JSW Energy vs NHPC vs Inox Green on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#How_to_Evaluate_Hydro_Thermal_and_Wind_Power_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Hydro, Thermal and Wind Power Stocks to Buy Before You Invest\">How to Evaluate Hydro, Thermal and Wind Power Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#Risks_to_Consider_Before_Investing_in_Power_Producer_and_Wind_Services_Stocks\" title=\"Risks to Consider Before Investing in Power Producer and Wind Services Stocks\">Risks to Consider Before Investing in Power Producer and Wind Services Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#FAQs_on_Power_Producer_and_Wind_Services_Stocks\" title=\"FAQs on Power Producer and Wind Services Stocks\">FAQs on Power Producer and Wind Services Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#Which_are_the_best_power_producer_and_wind_services_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best power producer and wind services stocks in India with a strong roadmap?\">Which are the best power producer and wind services stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#Is_JSW_Energy_a_good_stock_to_buy_now\" title=\"Is JSW Energy a good stock to buy now?\">Is JSW Energy a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#What_is_the_PE_ratio_of_JSW_Energy_NHPC_and_Inox_Green\" title=\"What is the P\/E ratio of JSW Energy, NHPC and Inox Green?\">What is the P\/E ratio of JSW Energy, NHPC and Inox Green?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#Which_of_these_power_producer_and_wind_services_stocks_has_the_highest_return_on_equity\" title=\"Which of these power producer and wind services stocks has the highest return on equity?\">Which of these power producer and wind services stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#What_are_the_risks_of_investing_in_power_producer_and_wind_services_stocks\" title=\"What are the risks of investing in power producer and wind services stocks?\">What are the risks of investing in power producer and wind services stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#How_did_JSW_Energy_NHPC_and_Inox_Green_perform_in_Q1_FY27\" title=\"How did JSW Energy, NHPC and Inox Green perform in Q1 FY27?\">How did JSW Energy, NHPC and Inox Green perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#Do_power_producer_and_wind_services_stocks_pay_dividends\" title=\"Do power producer and wind services stocks pay dividends?\">Do power producer and wind services stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/power-producer-and-wind-services-stocks-strong-roadmap\/#How_can_I_invest_in_power_producer_and_wind_services_stocks_in_India\" title=\"How can I invest in power producer and wind services stocks in India?\">How can I invest in power producer and wind services stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Power_Producer_and_Wind_Services_Stocks\"><\/span><strong>What Are Power Producer and Wind Services Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Power producer and wind services stocks are shares of companies that run power plants or maintain wind farms. Results depend on plant availability, contracted tariffs, new capacity, financing costs and operating margin, so long contracts and disciplined borrowing separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Power_Producer_and_Wind_Services_Stocks_at_a_Glance\"><\/span><strong>Power Producer and Wind Services Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three power producer and wind services stocks as of the 7 October 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/jswenergy\/jsw-energy-ltd-share-price-today\">JSW Energy<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">485.45<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">88,924<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.17<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.45<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.28%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2.50<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/nhpc\/nhpc-ltd-share-price-today\">NHPC<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">72.50<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">72,806<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.05<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.45<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.09%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.26<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/inoxgreen\/inox-green-energy-services-ltd-share-price-today\">Inox Green Energy Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">135.87<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,698<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">46.83<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">37.10<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.00%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.05<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among power generation and wind maintenance stocks, NHPC trades below the industry P\/E, while JSW Energy and Inox Green trade at a premium to the industry multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Power_Producer_and_Wind_Services_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Power Producer and Wind Services Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Power producer and wind services stocks have a strong roadmap in India because power demand is rising, renewable capacity targets are large and wind fleets need long maintenance contracts. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Rising power demand:<\/strong> Higher consumption needs more generation.<\/li>\n<li><strong>Renewable targets:<\/strong> Large hydro, solar and wind additions are planned.<\/li>\n<li><strong>Service contracts:<\/strong> Wind farms need years of maintenance.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"JSW_Energy_Thermal_Hydro_and_Renewable_Power_Anchors_the_Roadmap\"><\/span><strong>JSW Energy: Thermal, Hydro and Renewable Power Anchors the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>JSW Energy&#8217;s roadmap rests on thermal, hydro and renewable power generation, with fast renewable additions and energy storage plans supporting growth.<\/p>\n<p>Revenue grew from Rs 8,735.84 crore in FY22 to Rs 19,877.72 crore in FY26, a 127.5% rise, and FY26 revenue was 57.3% higher than FY25. FY26 net profit rose 39.3% to Rs 2,762.41 crore. Over four years, net profit rose from Rs 1,743.48 crore in FY22 to Rs 2,762.41 crore. In Q1 FY27, revenue grew 0.5% to Rs 5,436.57 crore, and net profit fell 36.3% to Rs 532.70 crore. Operating margin was 58.13% in FY26 and 59.62% in Q1 FY27 against 59.48% a year earlier.<\/p>\n<p>Debt to equity is 2.50 and return on equity is 7.28%. FY26 operating cash flow was Rs 9,898.31 crore against capital expenditure of Rs 10,310.47 crore. JSW Energy paid a dividend of Rs 2 per share for FY26, a yield of 0.39%. At a P\/E of 36.17 against an industry P\/E of 22.45, the stock trades above its industry multiple.<\/p>\n<p>What to watch: FY26 capex of Rs 10,310.47 Cr was above operating cash flow of Rs 9,898.31 Cr, and return on equity of 7.28% is modest. Q1 FY27 net profit was 36.3% lower than a year earlier; the P\/E of 36.17 sits above the industry P\/E of 22.45, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"NHPC_Hydroelectric_Power_Drives_the_Pipeline\"><\/span><strong>NHPC: Hydroelectric Power Drives the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NHPC&#8217;s roadmap rests on hydroelectric power generation, with new hydro and solar projects and long power contracts supporting income.<\/p>\n<p>Revenue grew from Rs 10,108.26 crore in FY22 to Rs 12,686.09 crore in FY26, a 25.5% rise, and FY26 revenue was 9.2% higher than FY25. FY26 net profit rose 3.3% to Rs 3,237.10 crore. In Q1 FY27, revenue grew 15.0% to Rs 3,959.72 crore, and net profit rose 4.1% to Rs 1,178.09 crore. Operating margin was 62.61% in FY26 and 72.45% in Q1 FY27 against 68.92% a year earlier.<\/p>\n<p>Debt to equity is 1.26 and return on equity is 9.09%. FY26 operating cash flow was Rs 3,293.62 crore against capital expenditure of Rs 11,572.28 crore. NHPC paid a dividend of Rs 1.61 per share for FY26, a yield of 2.22%. At a P\/E of 17.05 against an industry P\/E of 22.45, the stock trades below its industry multiple.<\/p>\n<p>What to watch: FY26 capex of Rs 11,572.28 Cr was above operating cash flow of Rs 3,293.62 Cr, and FY26 revenue growth was only 9.2%. Debt to equity of 1.26 deserves tracking.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Inox_Green_Energy_Services_Wind_Turbine_Maintenance_Builds_the_Next_Leg\"><\/span><strong>Inox Green Energy Services: Wind Turbine Maintenance Builds the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Inox Green&#8217;s roadmap rests on operations and maintenance services for wind turbines, with a growing wind fleet and long service contracts supporting revenue.<\/p>\n<p>Revenue grew from Rs 190.23 crore in FY22 to Rs 426.21 crore in FY26, a 124.0% rise, and FY26 revenue was 69.1% higher than FY25. FY26 net profit rose 189.9% to Rs 104.35 crore. In Q1 FY27, revenue grew 3.5% to Rs 101.18 crore, and net profit rose 82.2% to Rs 40.79 crore.<\/p>\n<p>Debt to equity is 0.05 and return on equity is 6.00%. FY26 operating cash flow was Rs 66.87 crore against capital expenditure of Rs 1.79 crore. At a P\/E of 46.83 against an industry P\/E of 37.10, the stock trades above its industry multiple.<\/p>\n<p>What to watch: Return on equity of 6.00% is modest. The P\/E of 46.83 sits above the industry P\/E of 37.10, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Power_Producer_and_Wind_Services_Stocks_in_India_JSW_Energy_vs_NHPC_vs_Inox_Green_on_Key_Financials\"><\/span><strong>Best Power Producer and Wind Services Stocks in India: JSW Energy vs NHPC vs Inox Green on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best power producer and wind services stocks in India, NHPC leads on FY26 operating margin and Q1 FY27 revenue growth; JSW Energy leads on five-year revenue growth. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">JSW Energy<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">NHPC<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Inox Green<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19,877.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12,686.09<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">426.21<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">57.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">69.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Revenue growth FY22 to FY26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">127.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">124.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,762.41<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,237.10<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">104.35<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">39.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">189.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 net profit growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">-36.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">82.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.28%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.09%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.00%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.17<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.05<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">46.83<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2.50<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.05<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.39%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2.22%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating cash flow (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,898.31<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,293.62<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">66.87<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Power earnings follow plant availability and new capacity, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Hydro_Thermal_and_Wind_Power_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Hydro, Thermal and Wind Power Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen power producer and wind services stocks and shortlist hydro, thermal and wind power stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by stock.<\/li>\n<li>Track operating margin across several quarters, because input costs can move faster than prices.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read operating cash flow against capital expenditure to see how growth is funded.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these power producer and wind services stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Power_Producer_and_Wind_Services_Stocks\"><\/span><strong>Risks to Consider Before Investing in Power Producer and Wind Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Debt:<\/strong> JSW Energy has debt to equity of 2.50 and NHPC 1.26.<\/li>\n<li><strong>Capex:<\/strong> NHPC&#8217;s FY26 capex of Rs 11,572.28 Cr was far above its operating cash flow of Rs 3,293.62 Cr.<\/li>\n<li><strong>Quarterly profit:<\/strong> JSW Energy&#8217;s Q1 FY27 net profit was 36.3% lower than a year earlier.<\/li>\n<li><strong>Modest returns:<\/strong> NHPC&#8217;s ROE is 9.09% and Inox Green&#8217;s 6.00%.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track JSW Energy, NHPC and Inox Green live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three hydro, thermal and wind power stocks cover thermal, hydro and renewable power, hydroelectric power, and wind turbine maintenance. NHPC leads on FY26 operating margin and Q1 FY27 revenue growth; JSW Energy leads on five-year revenue growth.<\/p>\n<p>Across power generation and wind maintenance stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the hydro, thermal and wind power stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Power_Producer_and_Wind_Services_Stocks\"><\/span><strong>FAQs on Power Producer and Wind Services Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_power_producer_and_wind_services_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best power producer and wind services stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> JSW Energy, NHPC and Inox Green Energy Services stand out for their roadmaps in power generation and wind turbine maintenance. FY26 revenue growth was 57.3% at JSW Energy, 9.2% at NHPC and 69.1% at Inox Green, and return on equity ranges from 6.00% to 9.09%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_JSW_Energy_a_good_stock_to_buy_now\"><\/span><strong>Is JSW Energy a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> JSW Energy has a debt to equity ratio of 2.50, a return on equity of 7.28% and a P\/E of 36.17 against an industry P\/E of 22.45. Debt, capex and quarterly profit move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_JSW_Energy_NHPC_and_Inox_Green\"><\/span><strong>What is the P\/E ratio of JSW Energy, NHPC and Inox Green?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 36.17 for JSW Energy (industry 22.45), 17.05 for NHPC (industry 22.45) and 46.83 for Inox Green (industry 37.10). Only JSW Energy and Inox Green trade at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_power_producer_and_wind_services_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these power producer and wind services stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> NHPC has the highest return on equity at 9.09%, followed by JSW Energy at 7.28% and Inox Green Energy Services at 6.00%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_power_producer_and_wind_services_stocks\"><\/span><strong>What are the risks of investing in power producer and wind services stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are high debt, capex far ahead of cash flow, a weaker quarter at one firm and modest returns. JSW Energy has debt to equity of 2.50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_JSW_Energy_NHPC_and_Inox_Green_perform_in_Q1_FY27\"><\/span><strong>How did JSW Energy, NHPC and Inox Green perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> JSW Energy reported revenue of Rs 5,436.57 crore, up 0.5% year on year, and net profit fell 36.3% to Rs 532.70 crore. NHPC reported revenue of Rs 3,959.72 crore, up 15.0% year on year, and net profit rose 4.1% to Rs 1,178.09 crore. Inox Green Energy Services reported revenue of Rs 101.18 crore, up 3.5% year on year, and net profit rose 82.2% to Rs 40.79 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_power_producer_and_wind_services_stocks_pay_dividends\"><\/span><strong>Do power producer and wind services stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dividend payouts differ across the three companies. The dividend yield is 0.39% for JSW Energy, 2.22% for NHPC and 0.00% for Inox Green, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_power_producer_and_wind_services_stocks_in_India\"><\/span><strong>How can I invest in power producer and wind services stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy power producer and wind services stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best power producer and wind services stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"JSW Energy, NHPC and Inox Green Energy Services stand out for their roadmaps in power generation and wind turbine maintenance. FY26 revenue growth was 57.3% at JSW Energy, 9.2% at NHPC and 69.1% at Inox Green, and return on equity ranges from 6.00% to 9.09%.\"}},{\"@type\":\"Question\",\"name\":\"Is JSW Energy a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"JSW Energy has a debt to equity ratio of 2.50, a return on equity of 7.28% and a P\/E of 36.17 against an industry P\/E of 22.45. Debt, capex and quarterly profit move results. 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Only JSW Energy and Inox Green trade at or above the industry multiple.\"}},{\"@type\":\"Question\",\"name\":\"Which of these power producer and wind services stocks has the highest return on equity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"NHPC has the highest return on equity at 9.09%, followed by JSW Energy at 7.28% and Inox Green Energy Services at 6.00%.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in power producer and wind services stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are high debt, capex far ahead of cash flow, a weaker quarter at one firm and modest returns. JSW Energy has debt to equity of 2.50.\"}},{\"@type\":\"Question\",\"name\":\"How did JSW Energy, NHPC and Inox Green perform in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"JSW Energy reported revenue of Rs 5,436.57 crore, up 0.5% year on year, and net profit fell 36.3% to Rs 532.70 crore. 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Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>JSW Energy, NHPC and Inox Green Energy Services compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":38,"featured_media":294093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[9987,9990,2662,9989,9986,9988],"class_list":["post-294094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-hydro","tag-inox-green-energy-services","tag-jsw-energy","tag-nhpc","tag-power-producer-and-wind-services-stocks","tag-thermal-and-wind-power-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["294093"],"rank_math_title":["Power Producer and Wind Services Stocks: JSW Energy, NHPC and Mor"],"rank_math_description":["Power producer and wind services stocks with a strong roadmap: JSW Energy, NHPC and Inox Green Energy Services compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["power producer and wind services stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-power-producer-and-wind-services-stocks-with-a-strong-future-roadmap-jsw.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/294094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=294094"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/294094\/revisions"}],"predecessor-version":[{"id":294096,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/294094\/revisions\/294096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/294093"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=294094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=294094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=294094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}