{"id":317423,"date":"2026-10-19T16:12:31","date_gmt":"2026-10-19T10:42:31","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=317423"},"modified":"2026-10-19T16:12:31","modified_gmt":"2026-10-19T10:42:31","slug":"solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/","title":{"rendered":"3 Solar Module Maker, City Power Utility and Lng Terminal Stocks With a Strong Future Roadmap: Vikram Solar, Torrent Power and Petronet LNG"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Vikram Solar Rs 144.00, P\/E 14.56. Torrent Power Rs 1,226.30, P\/E 25.60. Petronet LNG Rs 293.00, P\/E 10.31. Closing prices of 14 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;\">Solar module maker, city power utility and LNG terminal stocks with the clearest long-term roadmaps today include Vikram Solar in solar module manufacturing for utility, commercial and rooftop projects, Torrent Power in power generation from thermal, gas and renewable plants and electricity distribution in cities such as Ahmedabad, Surat and Agra and Petronet LNG in LNG import and regasification terminals at Dahej and Kochi. P\/E stands at 14.56 for Vikram Solar (industry 47.09), 25.60 for Torrent Power (industry 22.17) and 10.31 for Petronet LNG (industry 14.54). 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>Solar module maker, city power utility and LNG terminal stocks give investors exposure to solar power, city electricity and imported gas. Order books, capacity use and margins decide how much of that demand turns into profit.<\/p>\n<p>This list covers three solar module maker, city power utility and LNG terminal stocks: Vikram Solar for solar module manufacturing for utility, commercial and rooftop projects, Torrent Power for power generation from thermal, gas and renewable plants and electricity distribution in cities such as Ahmedabad, Surat and Agra and Petronet LNG for LNG import and regasification terminals at Dahej and Kochi. Every figure comes from the latest reported financials and the 14 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=solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\"><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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#What_Are_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks\" title=\"What Are Solar Module Maker, City Power Utility and Lng Terminal Stocks?\">What Are Solar Module Maker, City Power Utility and Lng Terminal 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks_at_a_Glance\" title=\"Solar Module Maker, City Power Utility and Lng Terminal Stocks at a Glance\">Solar Module Maker, City Power Utility and Lng Terminal 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#Why_Do_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Solar Module Maker, City Power Utility and Lng Terminal Stocks Have a Strong Roadmap in India?\">Why Do Solar Module Maker, City Power Utility and Lng Terminal 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#Vikram_Solar_Solar_Module_Output_Drives_the_Pipeline\" title=\"Vikram Solar: Solar Module Output Drives the Pipeline\">Vikram Solar: Solar Module Output Drives the Pipeline<\/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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#Torrent_Power_Generation_Distribution_and_Renewables_Anchor_the_Roadmap\" title=\"Torrent Power: Generation, Distribution and Renewables Anchor the Roadmap\">Torrent Power: Generation, Distribution and Renewables Anchor the Roadmap<\/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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#Petronet_LNG_LNG_Terminals_Anchor_the_Roadmap\" title=\"Petronet LNG: LNG Terminals Anchor the Roadmap\">Petronet LNG: LNG Terminals Anchor the Roadmap<\/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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#Best_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks_in_India_Vikram_Solar_vs_Torrent_Power_vs_Petronet_LNG_on_Key_Financials\" title=\"Best Solar Module Maker, City Power Utility and Lng Terminal Stocks in India: Vikram Solar vs Torrent Power vs Petronet LNG on Key Financials\">Best Solar Module Maker, City Power Utility and Lng Terminal Stocks in India: Vikram Solar vs Torrent Power vs Petronet LNG 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#How_to_Evaluate_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Solar Module Maker, City Power Utility and Lng Terminal Stocks to Buy Before You Invest\">How to Evaluate Solar Module Maker, City Power Utility and Lng Terminal 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#Risks_to_Consider_Before_Investing_in_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks\" title=\"Risks to Consider Before Investing in Solar Module Maker, City Power Utility and Lng Terminal Stocks\">Risks to Consider Before Investing in Solar Module Maker, City Power Utility and Lng Terminal 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#FAQs_on_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks\" title=\"FAQs on Solar Module Maker, City Power Utility and Lng Terminal Stocks\">FAQs on Solar Module Maker, City Power Utility and Lng Terminal 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#Which_are_the_best_solar_module_maker_city_power_utility_and_LNG_terminal_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best solar module maker, city power utility and LNG terminal stocks in India with a strong roadmap?\">Which are the best solar module maker, city power utility and LNG terminal 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#Is_Vikram_Solar_a_good_stock_to_buy_now\" title=\"Is Vikram Solar a good stock to buy now?\">Is Vikram Solar 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#What_is_the_PE_ratio_of_Vikram_Solar_Torrent_Power_and_Petronet_LNG\" title=\"What is the P\/E ratio of Vikram Solar, Torrent Power and Petronet LNG?\">What is the P\/E ratio of Vikram Solar, Torrent Power and Petronet LNG?<\/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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#Which_of_these_solar_module_maker_city_power_utility_and_LNG_terminal_stocks_has_the_highest_return_on_equity\" title=\"Which of these solar module maker, city power utility and LNG terminal stocks has the highest return on equity?\">Which of these solar module maker, city power utility and LNG terminal 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#What_are_the_risks_of_investing_in_solar_module_maker_city_power_utility_and_LNG_terminal_stocks\" title=\"What are the risks of investing in solar module maker, city power utility and LNG terminal stocks?\">What are the risks of investing in solar module maker, city power utility and LNG terminal 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#How_did_Vikram_Solar_Torrent_Power_and_Petronet_LNG_perform_in_Q1_FY27\" title=\"How did Vikram Solar, Torrent Power and Petronet LNG perform in Q1 FY27?\">How did Vikram Solar, Torrent Power and Petronet LNG 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#Do_solar_module_maker_city_power_utility_and_LNG_terminal_stocks_pay_dividends\" title=\"Do solar module maker, city power utility and LNG terminal stocks pay dividends?\">Do solar module maker, city power utility and LNG terminal 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\/solar-module-maker-city-power-utility-and-lng-terminal-stocks-roadmap-pinnacle-list\/#How_can_I_invest_in_solar_module_maker_city_power_utility_and_LNG_terminal_stocks_in_India\" title=\"How can I invest in solar module maker, city power utility and LNG terminal stocks in India?\">How can I invest in solar module maker, city power utility and LNG terminal stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks\"><\/span><strong>What Are Solar Module Maker, City Power Utility and Lng Terminal Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Solar module maker, city power utility and LNG terminal stocks are shares of companies that supply gas, fund power projects or build equipment. Results depend on order flow, gas volumes and execution, so execution and margins separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks_at_a_Glance\"><\/span><strong>Solar Module Maker, City Power Utility and Lng Terminal 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 solar module maker, city power utility and LNG terminal stocks as of the 14 Oct 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\/vikramsolr\/vikram-solar-ltd-share-price-today\">Vikram Solar<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">144.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,198<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.56<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">47.09<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.85%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.20<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/torntpower\/torrent-power-ltd-share-price-today\">Torrent Power<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,226.30<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">61,176<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.60<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.17<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.67%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.73<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/petronet\/petronet-lng-ltd-share-price-today\">Petronet LNG<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">293.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">43,365<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.31<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.54<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.56%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.11<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among power and gas stocks, Torrent Power trades at a premium to the industry P\/E, while Vikram Solar and Petronet LNG trade at a discount.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Solar Module Maker, City Power Utility and Lng Terminal Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Solar module maker, city power utility and LNG terminal stocks have a strong roadmap in India because solar installations, city power demand and gas imports keep adding volumes for these firms. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Solar build-out:<\/strong> Utilities and homes install more solar modules.<\/li>\n<li><strong>City power:<\/strong> Growing cities use more electricity.<\/li>\n<li><strong>Gas imports:<\/strong> Industry and power buyers need LNG supply.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Vikram_Solar_Solar_Module_Output_Drives_the_Pipeline\"><\/span><strong>Vikram Solar: Solar Module Output Drives the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Vikram Solar&#8217;s roadmap rests on solar module manufacturing for utility, commercial and rooftop projects, with rising solar installations supporting volumes.<\/p>\n<p>Revenue grew from Rs 1,743.05 crore in FY22 to Rs 4,861.87 crore in FY26, a 178.9% rise, and FY26 revenue was 40.9% higher than FY25. FY26 net profit was Rs 469.06 crore. In Q1 FY27, revenue grew 38.5% to Rs 1,575.71 crore. Operating margin was 20.17% in FY26.<\/p>\n<p>Debt to equity is 0.20 and return on equity is 14.85%. FY26 operating cash flow was Rs 666.94 crore against capital expenditure of Rs 283.09 crore. At a P\/E of 14.56 against an industry P\/E of 47.09, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 14.56 against an industry P\/E of 47.09 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Torrent_Power_Generation_Distribution_and_Renewables_Anchor_the_Roadmap\"><\/span><strong>Torrent Power: Generation, Distribution and Renewables Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Torrent Power&#8217;s roadmap rests on power generation from thermal, gas and renewable plants and electricity distribution in cities such as Ahmedabad, Surat and Agra, with distribution franchises and renewable additions supporting earnings.<\/p>\n<p>Revenue grew from Rs 14,492.65 crore in FY22 to Rs 29,288.92 crore in FY26, a 102.1% rise. FY26 net profit was Rs 2,469.36 crore. In Q1 FY27, revenue grew 2.4% to Rs 8,204.81 crore. Operating margin was 20.21% in FY26.<\/p>\n<p>Debt to equity is 0.73 and return on equity is 12.67%. FY26 operating cash flow was Rs 5,464.17 crore against capital expenditure of Rs 7,704.63 crore. Torrent Power paid a dividend of Rs 20 per share for FY26, a yield of 1.65%. At a P\/E of 25.60 against an industry P\/E of 22.17, the stock trades above its industry multiple.<\/p>\n<p>What to watch: The P\/E of 25.60 is a modest premium to the industry P\/E of 22.17, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Petronet_LNG_LNG_Terminals_Anchor_the_Roadmap\"><\/span><strong>Petronet LNG: LNG Terminals Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Petronet LNG&#8217;s roadmap rests on LNG import and regasification terminals at Dahej and Kochi, with rising gas use supporting terminal throughput.<\/p>\n<p>Revenue grew from Rs 43,466.30 crore in FY22 to Rs 44,358.98 crore in FY26, a 2.1% rise. FY26 net profit was Rs 3,809.41 crore. In Q1 FY27, net profit rose 34.4% to Rs 1,108.27 crore. Operating margin was 14.25% in FY26.<\/p>\n<p>Debt to equity is 0.11 and return on equity is 17.56%. FY26 operating cash flow was Rs 4,750.04 crore against capital expenditure of Rs 2,519.10 crore. Petronet LNG paid a dividend of Rs 10 per share for FY26, a yield of 3.46%. At a P\/E of 10.31 against an industry P\/E of 14.54, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 10.31 against an industry P\/E of 14.54 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks_in_India_Vikram_Solar_vs_Torrent_Power_vs_Petronet_LNG_on_Key_Financials\"><\/span><strong>Best Solar Module Maker, City Power Utility and Lng Terminal Stocks in India: Vikram Solar vs Torrent Power vs Petronet LNG on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best solar module maker, city power utility and LNG terminal stocks in India, Vikram Solar ranks second on FY26 operating margin and return on equity; Torrent Power leads on FY26 operating margin; Petronet LNG leads on return on equity and the lowest P\/E. 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;\">Vikram Solar<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Torrent Power<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Petronet LNG<\/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;\">4,861.87<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29,288.92<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44,358.98<\/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;\">469.06<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,469.36<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,809.41<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating profit margin<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20.17%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20.21%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.25%<\/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;\">14.85%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.67%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.56%<\/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;\">14.56<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.60<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.31<\/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;\">0.20<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.73<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.11<\/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;\">0.00%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.65%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.46%<\/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;\">666.94<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,464.17<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,750.04<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Energy and engineering earnings follow order flow, gas volumes and execution, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Solar Module Maker, City Power Utility and Lng Terminal 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 solar module maker, city power utility and LNG terminal stocks and shortlist solar module maker, city power utility and LNG terminal stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check operating margin, debt and cash flow together.<\/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 solar module maker, city power utility and LNG terminal stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks\"><\/span><strong>Risks to Consider Before Investing in Solar Module Maker, City Power Utility and Lng Terminal Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Order timing:<\/strong> Delays in customer projects can shift revenue between quarters.<\/li>\n<li><strong>Government spending:<\/strong> Changes in public budgets can affect orders.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/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 Vikram Solar, Torrent Power and Petronet LNG 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 power and gas stocks cover a solar maker, a power utility and an LNG terminal operator. Vikram Solar ranks second on FY26 operating margin and return on equity; Torrent Power leads on FY26 operating margin; Petronet LNG leads on return on equity and the lowest P\/E.<\/p>\n<p>Across solar module maker, city power utility and LNG terminal 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 solar module maker, city power utility and LNG terminal 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_Solar_Module_Maker_City_Power_Utility_and_Lng_Terminal_Stocks\"><\/span><strong>FAQs on Solar Module Maker, City Power Utility and Lng Terminal Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_solar_module_maker_city_power_utility_and_LNG_terminal_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best solar module maker, city power utility and LNG terminal stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Vikram Solar, Torrent Power and Petronet LNG stand out for their roadmaps in a solar maker, a power utility and an LNG terminal operator. Return on equity ranges from 12.67% to 17.56%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Vikram_Solar_a_good_stock_to_buy_now\"><\/span><strong>Is Vikram Solar a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Vikram Solar has a debt to equity ratio of 0.20, a return on equity of 14.85% and a P\/E of 14.56 against an industry P\/E of 47.09. Valuation, order flow and execution 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_Vikram_Solar_Torrent_Power_and_Petronet_LNG\"><\/span><strong>What is the P\/E ratio of Vikram Solar, Torrent Power and Petronet LNG?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 14.56 for Vikram Solar (industry 47.09), 25.60 for Torrent Power (industry 22.17) and 10.31 for Petronet LNG (industry 14.54). Only Torrent Power trades at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_solar_module_maker_city_power_utility_and_LNG_terminal_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these solar module maker, city power utility and LNG terminal stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Petronet LNG has the highest return on equity at 17.56%, followed by Vikram Solar at 14.85% and Torrent Power at 12.67%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_solar_module_maker_city_power_utility_and_LNG_terminal_stocks\"><\/span><strong>What are the risks of investing in solar module maker, city power utility and LNG terminal stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are order timing, government spending and quarterly trends. Delays in customer projects can shift revenue between quarters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Vikram_Solar_Torrent_Power_and_Petronet_LNG_perform_in_Q1_FY27\"><\/span><strong>How did Vikram Solar, Torrent Power and Petronet LNG perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Vikram Solar reported revenue of Rs 1,575.71 crore, up 38.5% year on year. Torrent Power reported revenue of Rs 8,204.81 crore, up 2.4% year on year. Petronet LNG reported net profit rose 34.4% to Rs 1,108.27 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_solar_module_maker_city_power_utility_and_LNG_terminal_stocks_pay_dividends\"><\/span><strong>Do solar module maker, city power utility and LNG terminal stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Torrent Power and Petronet LNG pay dividends. The dividend yield is 1.65% for Torrent Power and 3.46% for Petronet LNG, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_solar_module_maker_city_power_utility_and_LNG_terminal_stocks_in_India\"><\/span><strong>How can I invest in solar module maker, city power utility and LNG terminal stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy solar module maker, city power utility and LNG terminal 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 solar module maker, city power utility and LNG terminal stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Vikram Solar, Torrent Power and Petronet LNG stand out for their roadmaps in a solar maker, a power utility and an LNG terminal operator. Return on equity ranges from 12.67% to 17.56%.\"}},{\"@type\":\"Question\",\"name\":\"Is Vikram Solar a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Vikram Solar has a debt to equity ratio of 0.20, a return on equity of 14.85% and a P\/E of 14.56 against an industry P\/E of 47.09. Valuation, order flow and execution move results. 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Torrent Power reported revenue of Rs 8,204.81 crore, up 2.4% year on year. Petronet LNG reported net profit rose 34.4% to Rs 1,108.27 crore.\"}},{\"@type\":\"Question\",\"name\":\"Do solar module maker, city power utility and LNG terminal stocks pay dividends?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Torrent Power and Petronet LNG pay dividends. The dividend yield is 1.65% for Torrent Power and 3.46% for Petronet LNG, based on dividends declared for FY26.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in solar module maker, city power utility and LNG terminal stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can buy solar module maker, city power utility and LNG terminal stocks through a demat and trading account on NSE or BSE after checking each company'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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vikram Solar, Torrent Power and Petronet LNG compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":36,"featured_media":317422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[13547,13548,9905,12570,7782,11376],"class_list":["post-317423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-city-power-utility-and-lng-terminal-stocks","tag-city-power-utility-and-lng-terminal-stocks-to-buy","tag-petronet-lng","tag-solar-module-maker","tag-torrent-power","tag-vikram-solar"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["317422"],"rank_math_title":["Solar Maker, Power Utility and LNG Terminal Stocks"],"rank_math_description":["Solar module maker, city power utility and LNG terminal stocks with a strong roadmap compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["solar module maker, city power utility and LNG terminal 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-solar-module-maker-city-power-utility-and-lng-terminal-stocks-with-a-strong.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/317423","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\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=317423"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/317423\/revisions"}],"predecessor-version":[{"id":317424,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/317423\/revisions\/317424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/317422"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=317423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=317423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=317423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}