{"id":327097,"date":"2026-10-26T16:56:39","date_gmt":"2026-10-26T11:26:39","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=327097"},"modified":"2026-10-26T16:56:39","modified_gmt":"2026-10-26T11:26:39","slug":"integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/","title":{"rendered":"3 Integrated Power Utility, Hydropower Developer and Largest Coal Producer Stocks With a Strong Future Roadmap: Tata Power, NHPC and Coal India"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Tata Power, NHPC and Coal India: ROE of 9.1% to 26.1% and FY22 to FY26 revenue CAGR of 5.8% to 12.8%. Prices as of 23 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;\">The three power utility, hydropower and coal stocks to watch are Tata Power, NHPC and Coal India. Their return on equity ranges from 9.1% to 26.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 12.8%. Coal India leads on both return on equity at 26.1% and revenue growth at 12.8% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Power utility, hydropower and coal stocks offer a focused view of a sector where demand keeps widening. Tata Power, NHPC and Coal India cover an integrated power utility, a hydropower developer and the largest coal producer.<\/p>\n<p>This list covers three power utility, hydropower and coal stocks with complete current figures: Tata Power, NHPC and Coal India. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#What_Are_Power_Utility_Hydropower_and_Coal_Stocks\" title=\"What Are Power Utility, Hydropower and Coal Stocks?\">What Are Power Utility, Hydropower and Coal 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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#Power_Utility_Hydropower_and_Coal_Stocks_at_a_Glance\" title=\"Power Utility, Hydropower and Coal Stocks at a Glance\">Power Utility, Hydropower and Coal 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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#Why_Do_Power_Utility_Hydropower_and_Coal_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Power Utility, Hydropower and Coal Stocks Have a Strong Roadmap in India?\">Why Do Power Utility, Hydropower and Coal 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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#Why_Tata_Power_Features_Among_These_Power_Utility_Hydropower_and_Coal_Stocks\" title=\"Why Tata Power Features Among These Power Utility, Hydropower and Coal Stocks\">Why Tata Power Features Among These Power Utility, Hydropower and Coal Stocks<\/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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#Why_NHPC_Features_Among_These_Power_Utility_Hydropower_and_Coal_Stocks\" title=\"Why NHPC Features Among These Power Utility, Hydropower and Coal Stocks\">Why NHPC Features Among These Power Utility, Hydropower and Coal Stocks<\/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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#Why_Coal_India_Features_Among_These_Power_Utility_Hydropower_and_Coal_Stocks\" title=\"Why Coal India Features Among These Power Utility, Hydropower and Coal Stocks\">Why Coal India Features Among These Power Utility, Hydropower and Coal Stocks<\/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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#Tata_Power_vs_NHPC_vs_Coal_India_on_Key_Financials\" title=\"Tata Power vs NHPC vs Coal India on Key Financials\">Tata Power vs NHPC vs Coal India 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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#Key_Risks_to_Check_Before_Investing_in_Power_Utility_Hydropower_and_Coal_Stocks\" title=\"Key Risks to Check Before Investing in Power Utility, Hydropower and Coal Stocks\">Key Risks to Check Before Investing in Power Utility, Hydropower and Coal Stocks<\/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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#Final_Thoughts_on_Power_Utility_Hydropower_and_Coal_Stocks\" title=\"Final Thoughts on Power Utility, Hydropower and Coal Stocks\">Final Thoughts on Power Utility, Hydropower and Coal Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#What_are_power_utility_hydropower_and_coal_stocks\" title=\"What are power utility, hydropower and coal stocks?\">What are power utility, hydropower and coal stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#Which_power_utility_hydropower_and_coal_stocks_are_covered_in_this_list\" title=\"Which power utility, hydropower and coal stocks are covered in this list?\">Which power utility, hydropower and coal stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#Why_do_power_utility_hydropower_and_coal_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do power utility, hydropower and coal stocks have a strong future roadmap in India?\">Why do power utility, hydropower and coal stocks have a strong future roadmap in India?<\/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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#How_has_Tata_Power_performed_financially\" title=\"How has Tata Power performed financially?\">How has Tata Power performed financially?<\/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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#How_has_NHPC_performed_financially\" title=\"How has NHPC performed financially?\">How has NHPC performed financially?<\/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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#How_has_Coal_India_performed_financially\" title=\"How has Coal India performed financially?\">How has Coal India performed financially?<\/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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#What_risks_should_investors_check_before_buying_power_utility_hydropower_and_coal_stocks\" title=\"What risks should investors check before buying power utility, hydropower and coal stocks?\">What risks should investors check before buying power utility, hydropower and coal 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\/integrated-power-utility-hydropower-developer-and-largest-coal-producer-stocks-roadmap-beacon-list\/#Is_this_list_of_power_utility_hydropower_and_coal_stocks_investment_advice\" title=\"Is this list of power utility, hydropower and coal stocks investment advice?\">Is this list of power utility, hydropower and coal stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Power_Utility_Hydropower_and_Coal_Stocks\"><\/span><strong>What Are Power Utility, Hydropower and Coal Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Power utility, hydropower and coal stocks are listed energy companies that generate and distribute electricity and supply the coal behind much of it. Their earnings depend on power demand, plant availability, tariffs and fuel supply.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Power_Utility_Hydropower_and_Coal_Stocks_at_a_Glance\"><\/span><strong>Power Utility, Hydropower and Coal Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\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;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/tatapower\/tata-power-company-ltd-share-price-today\">Tata Power<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">348.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">112,332<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.93<\/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;\">69.84<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">72,626<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.1<\/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\/coalindia\/coal-india-ltd-share-price-today\">Coal India<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">397.45<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">247,803<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.12<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, all three trade at a P\/E below their industry P\/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing power utility, hydropower and coal stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Power_Utility_Hydropower_and_Coal_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Power Utility, Hydropower and Coal Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Power utility, hydropower and coal stocks have a strong roadmap in India because rising electricity use, a growing renewable mix and steady coal supply keep the power chain central to growth.<\/p>\n<ul>\n<li><strong>Power demand.<\/strong> Cooling, factories and data centres lift consumption.<\/li>\n<li><strong>Renewable mix.<\/strong> Hydro, solar and wind capacity keeps growing.<\/li>\n<li><strong>Fuel supply.<\/strong> Coal remains the base of power generation.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Tata_Power_Features_Among_These_Power_Utility_Hydropower_and_Coal_Stocks\"><\/span><strong>Why Tata Power Features Among These Power Utility, Hydropower and Coal Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the power utility, hydropower and coal stocks on this list, Tata Power is one of India&#8217;s largest integrated power companies, with generation, transmission, distribution, renewable energy, rooftop solar, solar module manufacturing and electric vehicle charging businesses.<\/p>\n<p>In the June 2026 quarter, revenue grew 5.7% year on year to Rs 19,440 crore, while net profit rose 11.0% to Rs 1,401 crore. Revenue rose from Rs 43,736 crore in FY22 to Rs 64,172 crore in FY26, a compound annual growth rate of 10.1%.<\/p>\n<p>Net profit grew from Rs 2,623 crore in FY22 to Rs 5,118 crore in FY26, which works out to a compound annual growth rate of 18.2%. The company has a return on equity of 9.5%, a debt to equity ratio of 1.93 and a market capitalisation of Rs 112,332 crore. The stock trades at a P\/E of 21.4, below the industry P\/E of 21.8.<\/p>\n<p><strong>Roadmap:<\/strong> The company is adding large renewable capacity and is investing in cell and module manufacturing, which gives it a position across the clean energy chain. Distribution in several cities and its EV charging network add to its customer base.<\/p>\n<p><strong>What to watch:<\/strong> Follow the pace of renewable and manufacturing capacity additions and the progress of distribution businesses.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_NHPC_Features_Among_These_Power_Utility_Hydropower_and_Coal_Stocks\"><\/span><strong>Why NHPC Features Among These Power Utility, Hydropower and Coal Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the integrated power company shares on this list, NHPC is a public sector hydropower company that builds and operates large hydroelectric stations and is expanding into solar and wind energy.<\/p>\n<p>The company has a return on equity of 9.1%, a debt to equity ratio of 1.26 and a market capitalisation of Rs 72,626 crore. The stock trades at a P\/E of 17.0, below the industry P\/E of 21.3.<\/p>\n<p>Revenue rose from Rs 10,108 crore in FY22 to Rs 12,686 crore in FY26, a compound annual growth rate of 5.8%. Net profit for FY26 was Rs 3,237 crore, a net margin of 25.5%. In the June 2026 quarter, revenue grew 15.0% year on year to Rs 3,960 crore, while net profit rose 4.1% to Rs 1,178 crore.<\/p>\n<p><strong>Roadmap:<\/strong> The company has a pipeline of hydro and renewable projects that will add capacity over the coming years. Hydropower supports grid stability, and long-term contracts give it steady income.<\/p>\n<p><strong>What to watch:<\/strong> Track commissioning of new projects, generation levels and renewable additions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Coal_India_Features_Among_These_Power_Utility_Hydropower_and_Coal_Stocks\"><\/span><strong>Why Coal India Features Among These Power Utility, Hydropower and Coal Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Coal India is the world&#8217;s largest coal producer by output and supplies the bulk of India&#8217;s coal through several subsidiaries. Its customers include power utilities and industrial users across the country.<\/p>\n<p>Revenue rose from Rs 113,597 crore in FY22 to Rs 183,747 crore in FY26, a compound annual growth rate of 12.8%. Net profit grew from Rs 17,378 crore in FY22 to Rs 31,071 crore in FY26, which works out to a compound annual growth rate of 15.6%.<\/p>\n<p>In the June 2026 quarter, revenue grew 8.4% year on year to Rs 48,295 crore, while net profit rose 0.7% to Rs 8,850 crore. The company has a return on equity of 26.1%, a debt to equity ratio of 0.12 and a market capitalisation of Rs 247,803 crore. The stock trades at a P\/E of 8.0, below the industry P\/E of 9.8.<\/p>\n<p><strong>Roadmap:<\/strong> The company is raising output with new and expanded mines and building first-mile connectivity to move coal faster. It is also investing in new areas such as solar power and coal gasification.<\/p>\n<p><strong>What to watch:<\/strong> Track production and offtake numbers, realisations and progress on new mines.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tata_Power_vs_NHPC_vs_Coal_India_on_Key_Financials\"><\/span><strong>Tata Power vs NHPC vs Coal India on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three power utility, hydropower and coal stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\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;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Tata Power<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">43,736<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">64,172<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,118<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">NHPC<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,108<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12,686<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,237<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Coal India<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">113,597<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">183,747<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31,071<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Coal India posts the highest return on equity in this group at 26.1%. Coal India combines the largest FY26 revenue at Rs 183,747 crore with the fastest revenue growth, a 12.8% compound annual rate. A useful habit with power utility, hydropower and coal stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<p>The June 2026 quarter, the latest reported, gives a fresh read on momentum:<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\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;\">Q1 FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Q1 FY27 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Year-on-Year Growth<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Tata Power<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18,397<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19,440<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">NHPC<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,443<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,960<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Coal India<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44,535<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48,295<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Power_Utility_Hydropower_and_Coal_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Power Utility, Hydropower and Coal Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these power utility, hydropower and coal stocks, the main points are: Long-term integrated power company shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Policy.<\/strong> Tariff and fuel rules can affect earnings.<\/li>\n<li><strong>Project timing.<\/strong> New plants can take years to complete.<\/li>\n<li><strong>Weather.<\/strong> Rainfall and heat influence hydro output and demand.<\/li>\n<\/ul>\n<p>Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter power utility, hydropower and coal stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Power_Utility_Hydropower_and_Coal_Stocks\"><\/span><strong>Final Thoughts on Power Utility, Hydropower and Coal Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Power utility, hydropower and coal stocks reward patient research into demand, execution and financial strength. Tata Power, NHPC and Coal India each play a central role in the power chain. Based on the 23 October 2026 close, Tata Power trades at Rs 348.1, NHPC at Rs 69.84 and Coal India at Rs 397.45.<\/p>\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 power utility, hydropower and coal stocks, set price alerts and get research-backed stock ideas.<\/em><\/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<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_power_utility_hydropower_and_coal_stocks\"><\/span><strong>What are power utility, hydropower and coal stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Power utility, hydropower and coal stocks are listed energy companies that generate and distribute electricity and supply the coal behind much of it. Their earnings depend on power demand, plant availability, tariffs and fuel supply. This list looks at three of them, Tata Power, NHPC and Coal India, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_power_utility_hydropower_and_coal_stocks_are_covered_in_this_list\"><\/span><strong>Which power utility, hydropower and coal stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Tata Power, NHPC and Coal India. Based on the 23 October 2026 close, Tata Power traded at Rs 348.1, NHPC at Rs 69.84 and Coal India at Rs 397.45. Their return on equity ranges from 9.1% to 26.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 12.8%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_power_utility_hydropower_and_coal_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do power utility, hydropower and coal stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Power utility, hydropower and coal stocks have a strong roadmap in India because rising electricity use, a growing renewable mix and steady coal supply keep the power chain central to growth. The main drivers are as follows. Power demand. Cooling, factories and data centres lift consumption. Renewable mix. Hydro, solar and wind capacity keeps growing. Fuel supply. Coal remains the base of power generation. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Tata_Power_performed_financially\"><\/span><strong>How has Tata Power performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 43,736 crore in FY22 to Rs 64,172 crore in FY26, a compound annual growth rate of 10.1%. Net profit grew from Rs 2,623 crore in FY22 to Rs 5,118 crore in FY26, which works out to a compound annual growth rate of 18.2%. In the June 2026 quarter, revenue grew 5.7% year on year to Rs 19,440 crore, while net profit rose 11.0% to Rs 1,401 crore. The company has a return on equity of 9.5%, a debt to equity ratio of 1.93 and a market capitalisation of Rs 112,332 crore. The stock trades at a P\/E of 21.4, below the industry P\/E of 21.8. Looking ahead, the company is adding large renewable capacity and is investing in cell and module manufacturing, which gives it a position across the clean energy chain. Distribution in several cities and its EV charging network add to its customer base.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_NHPC_performed_financially\"><\/span><strong>How has NHPC performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 10,108 crore in FY22 to Rs 12,686 crore in FY26, a compound annual growth rate of 5.8%. Net profit for FY26 was Rs 3,237 crore, a net margin of 25.5%. In the June 2026 quarter, revenue grew 15.0% year on year to Rs 3,960 crore, while net profit rose 4.1% to Rs 1,178 crore. The company has a return on equity of 9.1%, a debt to equity ratio of 1.26 and a market capitalisation of Rs 72,626 crore. The stock trades at a P\/E of 17.0, below the industry P\/E of 21.3. Looking ahead, the company has a pipeline of hydro and renewable projects that will add capacity over the coming years. Hydropower supports grid stability, and long-term contracts give it steady income.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Coal_India_performed_financially\"><\/span><strong>How has Coal India performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 113,597 crore in FY22 to Rs 183,747 crore in FY26, a compound annual growth rate of 12.8%. Net profit grew from Rs 17,378 crore in FY22 to Rs 31,071 crore in FY26, which works out to a compound annual growth rate of 15.6%. In the June 2026 quarter, revenue grew 8.4% year on year to Rs 48,295 crore, while net profit rose 0.7% to Rs 8,850 crore. The company has a return on equity of 26.1%, a debt to equity ratio of 0.12 and a market capitalisation of Rs 247,803 crore. The stock trades at a P\/E of 8.0, below the industry P\/E of 9.8. Looking ahead, the company is raising output with new and expanded mines and building first-mile connectivity to move coal faster. It is also investing in new areas such as solar power and coal gasification.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_power_utility_hydropower_and_coal_stocks\"><\/span><strong>What risks should investors check before buying power utility, hydropower and coal stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying power utility, hydropower and coal stocks. Policy. Tariff and fuel rules can affect earnings. Project timing. New plants can take years to complete. Weather. Rainfall and heat influence hydro output and demand. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_power_utility_hydropower_and_coal_stocks_investment_advice\"><\/span><strong>Is this list of power utility, hydropower and coal stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 23 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are power utility, hydropower and coal stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Power utility, hydropower and coal stocks are listed energy companies that generate and distribute electricity and supply the coal behind much of it. Their earnings depend on power demand, plant availability, tariffs and fuel supply. This list looks at three of them, Tata Power, NHPC and Coal India, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which power utility, hydropower and coal stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Tata Power, NHPC and Coal India. Based on the 23 October 2026 close, Tata Power traded at Rs 348.1, NHPC at Rs 69.84 and Coal India at Rs 397.45. Their return on equity ranges from 9.1% to 26.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 12.8%.\"}},{\"@type\":\"Question\",\"name\":\"Why do power utility, hydropower and coal stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Power utility, hydropower and coal stocks have a strong roadmap in India because rising electricity use, a growing renewable mix and steady coal supply keep the power chain central to growth. The main drivers are as follows. Power demand. Cooling, factories and data centres lift consumption. Renewable mix. Hydro, solar and wind capacity keeps growing. Fuel supply. Coal remains the base of power generation. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Tata Power performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 43,736 crore in FY22 to Rs 64,172 crore in FY26, a compound annual growth rate of 10.1%. Net profit grew from Rs 2,623 crore in FY22 to Rs 5,118 crore in FY26, which works out to a compound annual growth rate of 18.2%. In the June 2026 quarter, revenue grew 5.7% year on year to Rs 19,440 crore, while net profit rose 11.0% to Rs 1,401 crore. The company has a return on equity of 9.5%, a debt to equity ratio of 1.93 and a market capitalisation of Rs 112,332 crore. The stock trades at a P\/E of 21.4, below the industry P\/E of 21.8. Looking ahead, the company is adding large renewable capacity and is investing in cell and module manufacturing, which gives it a position across the clean energy chain. Distribution in several cities and its EV charging network add to its customer base.\"}},{\"@type\":\"Question\",\"name\":\"How has NHPC performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 10,108 crore in FY22 to Rs 12,686 crore in FY26, a compound annual growth rate of 5.8%. Net profit for FY26 was Rs 3,237 crore, a net margin of 25.5%. In the June 2026 quarter, revenue grew 15.0% year on year to Rs 3,960 crore, while net profit rose 4.1% to Rs 1,178 crore. The company has a return on equity of 9.1%, a debt to equity ratio of 1.26 and a market capitalisation of Rs 72,626 crore. The stock trades at a P\/E of 17.0, below the industry P\/E of 21.3. Looking ahead, the company has a pipeline of hydro and renewable projects that will add capacity over the coming years. Hydropower supports grid stability, and long-term contracts give it steady income.\"}},{\"@type\":\"Question\",\"name\":\"How has Coal India performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 113,597 crore in FY22 to Rs 183,747 crore in FY26, a compound annual growth rate of 12.8%. Net profit grew from Rs 17,378 crore in FY22 to Rs 31,071 crore in FY26, which works out to a compound annual growth rate of 15.6%. In the June 2026 quarter, revenue grew 8.4% year on year to Rs 48,295 crore, while net profit rose 0.7% to Rs 8,850 crore. The company has a return on equity of 26.1%, a debt to equity ratio of 0.12 and a market capitalisation of Rs 247,803 crore. The stock trades at a P\/E of 8.0, below the industry P\/E of 9.8. Looking ahead, the company is raising output with new and expanded mines and building first-mile connectivity to move coal faster. It is also investing in new areas such as solar power and coal gasification.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying power utility, hydropower and coal stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying power utility, hydropower and coal stocks. Policy. Tariff and fuel rules can affect earnings. Project timing. New plants can take years to complete. Weather. Rainfall and heat influence hydro output and demand. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of power utility, hydropower and coal stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 23 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Power Utility, Hydropower and Coal Stocks with a strong future roadmap: Tata Power, NHPC and Coal India. Compare price, valuation, return on equity and revenue growth as of 23 October 2026.<\/p>\n","protected":false},"author":34,"featured_media":327096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,443,16270,16268,16269,9989,13455,7781],"class_list":["post-327097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-coal-india","tag-hydro-generator-and-coal-producer-stocks","tag-hydropower-and-coal-stocks","tag-integrated-power-company-shares","tag-nhpc","tag-power-utility","tag-tata-power"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["327096"],"rank_math_title":["Power Utility, Hydropower and Coal Stocks"],"rank_math_description":["Compare 3 power utility, hydropower and coal stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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