Solar Penny Stocks in India 2025
Posted by : sachet | Mon Jan 27 2025

Solar penny stocks represent the shares of companies engaged in harnessing the power of the sun to fill the need for electricity. These stocks are generally low-priced and have a small market capitalisation. Besides numerous risks, solar energy penny stocks often provide investors with high returns and dividend yield in the long run. We suggest you not wholly rely on them; just consider them as your small investment and a risk to generate wealth.
Solar Energy Sector in India: An Overview
The solar energy industry in India is crucial in meeting the domestic and international demand for clean energy sources. Currently, the country generates around 748 GW of solar power. However, the aim is to fill around 50% of energy requirements with the help of renewable energy by 2030. Like big players in the industry, small solar solar penny stocks also contributed to the 30 times increase in clean energy capacity.
Moreover, the high growth potential of this promising sector attracts most investors to consider investing in solar penny stocks. However, a few people still need clarification on which penny stocks to buy in 2025. This piece of research includes some fundamentally strong penny shares and their overview to enhance your understanding. Scroll down to learn more about the best solar energy penny stocks.
List of Solar Penny Stocks in India
Stock Name | LTP (in ₹) | Market Capitalisation (in cr.) | 52-Week High (in ₹) | 52-Week Low (in ₹) |
---|---|---|---|---|
Suzlon Energy Ltd. | 65.50 | 90,250 | 86.04 | 33.90 |
NHPC Ltd. | 82.00 | 83,930 | 118.40 | 56.70 |
Reliance Power Ltd. | 39.08 | 15,460 | 53.64 | 19.40 |
Orient Green Power Company Ltd. | 17.88 | 2,080 | 31.88 | 16.57 |
Indowind Energy Ltd. | 22.73 | 301.65 | 32.65 | 17.61 |
Surana Solar Ltd. | 50.00 | 240.47 | 65.38 | 25.70 |
*Data is updated as of 3rd December 2024
Disclaimer: It is to be noted that solar energy penny stocks mentioned in the above table are for educational purposes only. Research or consult a financial advisor before investing in any of these stocks. You can also check for real-time insights or expert verdicts on these stocks from the Univest app.
Overview of Solar Energy Penny Stocks in India

- Suzlon Energy Ltd.
Founded: 1995
Headquarters: Pune, Maharashtra
Market Capitalisation: ₹90,250 crores
Suzlon Energy Ltd. has become popular recently. The company has a power generation capacity of 340 MW. It has leveraged its strong relations to offer impressive designing and development services to different solar power projects. Suzlon Energy operates 14 manufacturing units to make clean energy affordable for customers. As the company is focusing on rapid growth and debt reduction methods, we can expect significant growth in its market share in the coming years. Experts are acclaiming that this one of the top solar energy penny stocks in India could provide high returns by 2027.
- NHPC Ltd.
Founded: 1975
Headquarters: Faridabad, Haryana
Market Capitalisation: ₹83,930 crores
NHPC Ltd. is a government-owned enterprise that generates power through water, wind, solar, and geothermal energy. The GOI (Government of India) holds a 70.95% stake in this organisation. Since 1975, this company has shown impressive growth potential and provided investors with higher returns and dividend payouts. NHPC is one of the best solar energy penny stocks in India, offering investors exposure to the rapidly growing solar industry of India. It has around three solar power projects, and the number is expected to increase soon.
In 2024, the company claimed to receive a 1.2 GW solar project connected to ISTS (Inter-State Transmission Systems). It gathered the interest of investors to trade in this one of the top solar penny stocks in India.
Note: NHPC Ltd. has partnered with Tata Power Company Ltd. to install rooftop solar projects nationwide.
- Reliance Power Ltd.
Founded: 1995
Headquarters: Mumbai, Maharashtra
Market Capitalisation: ₹15,460 crores
Reliance Power Ltd. was established to develop and handle different types of power projects in the country. However, the company has created a diversified portfolio of more than 6,000 MW of power generation capacity. Despite this effective capacity, the company also has various projects under development to expand further. This, one of the best solar penny stocks in India, increased by 96.60% in the past year and provided investors with impressive returns on their investments.
- Orient Green Power Company Ltd.
Founded: 2006
Headquarters: Chennai, Tamil Nadu
Market Capitalisation: ₹2,080 crores
Orient Green Power Company Ltd. is one of the solar energy penny stocks trading at ₹17.88 but has a capacity of 402.3 MW to generate electricity. With a diversified portfolio of renewable energy power plants, it has high growth potential and could prove to be a multibagger in the coming years. The vision of this one of the solar penny stocks in India is to increase its portfolio of clean energy projects. For this, the company focuses on sustainable development in India. Orient Green is constantly trying to expand its operations in the global solar industry to improve profitability.
- Indowind Energy Ltd.
Founded: 1995
Headquarters: Chennai, Tamil Nadu
Market Capitalisation: ₹301.65 crores
Indowind Energy Ltd. is committed to developing wind farms and generating green power to meet clean energy requirements. The company wants to emerge as a sustainable organisation for clean energy generation using renewable sources. The increasing trend of 712.42% over the past five years gathered the interest of potential investors looking for the best penny stocks to buy. You can consider this one of the best solar penny stocks in India as an option to take risks for higher returns in the coming years.
- Surana Solar Ltd.
Founded: 2006
Headquarters: Secunderabad, Telangana
Market Capitalisation: ₹240.47 crores
Surana Solar Ltd. manufactures SPV (Solar Photovoltaic) modules with 4 different grid-connected solar plants in Gujarat and Telangana. These power plants have a power generation capacity of 5 MW each. This is one of the top solar energy penny stocks in India, which offered investors 90.91% returns in the past year. However, Surana Solar Ltd., one of the solar energy penny stocks, is trading at 4.55 times its book value, and decreased promoter holdings by 3.79% could be the points of concern. Conduct deep research on Surana Solar Ltd., one of the solar penny stocks, before investing in it.
Solar Penny Stocks With PE Ratio
Here are some of the best solar penny stocks in India with their PE (Price-to-Earnings) ratio.
Stock Name | PE (Price-to-Earnings) Ratio |
---|---|
Surana Solar Ltd. | 428.85 |
Suzlon Energy Ltd. | 92.59 |
Indowind Energy Ltd. | 42.81 |
NHPC Ltd. | 27.72 |
Reliance Power Ltd. | 13.45 |
*Data is updated as of 3rd December 2024
Dividend Yield in Solar Penny Stocks
Stock Name | Dividend Yield |
NHPC Ltd. | 2.46% |
*Data is updated as of 3rd December 2024.
Factors to Consider For Solar Penny Stocks
Investing in solar energy penny stocks requires key factors to be considered. These factors will help you avoid significant losses in the Indian stock market. Explore the factors in the below section.
- Resilient Business Model
Know about the business model to identify the best solar penny stocks in India. Choose the solar firms that operate under long-term PPAs (Power Purchase Agreements). A resilient business model comes with growth plans, making penny stock an attractive investment option.
- Government Support
Identify solar penny stocks backed by the government. Higher support of government schemes or initiatives might influence the popularity and financial position of the company in the long run. It makes government support a key factor to consider when investing in the best solar penny stocks with low prices.
- Management Quality
Skilled and experienced members of the company’s management might contribute to the company’s excessive growth. Analyse the quality of management, plans, decisions, and policies to grow in the coming decades. It could help you invest in the best solar energy penny stocks in 2025.
- Regulatory Environment
Stay informed about the rules and regulations imposed by the legal authorities for the smooth functioning of the business firm. Check whether the selected solar energy penny stocks are complying with these regulations or not. Avoid solar penny stocks suffer legal penalties to safeguard your investment portfolio with significant losses in the Indian stock market.
- Financial Health
Assess the company’s financial health by its revenue growth, profit margins, debt level, and more. Select the solar energy penny stocks with robust financial performance and positive cash flow position. The financially healthy organisation tends to deliver multibagger returns in the coming decades.
- Technical Indicators
When researching the best solar penny stocks to buy in 2025, consider technical parameters such as PE ratio, PB ratio, Earnings Per Share, Dividend Yield, Book Value, etc. These indicators might help you choose the top solar penny stocks with low prices in India.
Benefits of Solar Penny Stocks in India
Besides capital appreciation, solar energy penny stocks offer investors many other benefits. These include.
- Low Cost Investment
Solar penny stocks come with a low price, typically below Rs 50 or Rs 100. It makes these stocks an accessible investment option for small investors. With these low-cost investments, investors can diversify their portfolios to generate balanced returns.
- Multibagger Returns
Undoubtedly, penny stocks are speculative. However, they also tend to deliver multibagger returns in the future. Low prices of solar energy penny stocks provide an early entry point to investors. They can invest a minimal amount to wait for a longer duration in these stocks.
- Short-Term Movements
Solar penny stocks in India might offer short-term price movements because of sectoral trends, financial reports, and other events. One can benefit from these short-term price movements to generate additional returns. Do check for the liquidity and volumes before investing in solar energy penny stocks to avoid risks.
- Early Entry
Equities of small solar companies in India trade at low prices and with low market capitalisation. Thus, it is easy to take advantage of early entry in the shares. One can hold solar penny stocks from the lowest price for the long term.
Risks for Solar Penny Stocks
Identify and assess the risks of investing in solar penny stocks to safeguard your investment portfolio from uncertain consequences. Explore the risks below and find mitigation strategies before investing in solar penny stocks at low prices.
- Global Economic Situation
Any disruption in global events like demand/supply chain, logistic channels, etc, might impact the overall performance of solar energy companies in India. It may significantly affect the best solar penny stocks in India.
- Availability of Giant Competitors
The solar energy sector in India includes big and small players. The availability of giant competitors might be a hurdle for solar energy penny stocks in India. Big firms may also create a challenging situation for small companies in the solar energy sector to sustain a competitive financial position in the market.
Other Solar Penny Stocks to Consider
Company | CMP (in Rs) | Market Capitalisation (in cr.) | 52-Week High (in Rs) | 52-Week Low (in Rs) |
Jaiprakash Power Ventures Ltd. | 15.00 | 10,191.00 | 23.25 | 14.86 |
India Power Corporation Ltd. | 15.22 | 1,468.00 | 24.95 | 14.34 |
Urja Global Ltd. | 14.97 | 830.00 | 37.75 | 14.76 |
Waa Solar Ltd. | 93.99 | 121.00 | 249.35 | 81.15 |
Sharika Enterprises Ltd. | 21.70 | 96.00 | 32.48 | 8.73 |
Karma Energy Ltd. | 62.00 | 72.00 | 98.95 | 54.50 |
Agni Green Power Ltd. | 32.40 | 66.00 | 74.70 | 31.60 |
Ind Renewable Energy Ltd. | 13.66 | 19.00 | 23.40 | 11.63 |
*Data is updated as of 4th February 2025.
Disclaimer: It is to be noted that solar energy penny stocks mentioned in the above table are for educational purposes only. Research or consult a financial advisor before investing in any of these stocks. You can also check for real-time insights or expert verdicts on these stocks from the Univest app.
Also Read: Solar Penny Stocks in India 2025
How to Invest in Solar Energy Penny Stocks?

Buying penny stocks could be risky. Buying penny shares could be risky. They can suffer from market volatility and an ineffective cash flow position. Research the best solar energy stocks in India to make a diversified investment portfolio. Consider parameters like net profit growth, EPS (Earning Per Share), PE (Price-to-Earnings) ratio, and more to choose the best stocks. You can also consult financial advisors to explore fundamentally strong shares.
Open a Univest Demat Account and place an order to invest. Place an order through your demat account and execute it to invest. In the portfolio section, you can now track your returns or stocks’ performance. Wait for the right time to book profit so you don’t lose the capital invested.
Let’s Wrap on Solar Energy Penny Stocks
Investing in solar penny stocks in India is considered a highly speculative investment. These equities generally come with a limited shareholder base and lack of liquidity. But, they could also prove to be a multibagger sometimes. Thus, investment in penny stocks might increase your chances of high returns and wealth generation. On the other hand, investors should assess the financial health, cash flow, and EPS of the stocks before investing in them. Researching the best solar energy stocks in India is essential to create a diversified portfolio. Moreover, you can also consider Univest, the prominent stock advisor of Indian stocks, to make your investment journey more flexible.
Note: Conduct your own research to avoid the stock market risk.
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FAQs
1. What are solar penny stocks?
Ans. Solar Energy Penny Stocks are the low-priced equities of the companies involved in power generation and distribution by harnessing the sunlight. Lack of liquidity might be a risk for the investors considering these stocks. Still, they can also prove to be a multibagger in the coming years. Investment in solar penny stocks in India is considered a speculative investment, and one should be aware of its pros and cons before investing in it.
2. Are solar penny stocks risky?
Ans. Investment in the best solar energy penny stocks in India could be speculative. It comes with very high risk and a chance to become a multibagger. You can add small quantities of penny stocks to your portfolio so as not to lose a big part of your capital. If you are an investor who believes in high-risk, high-reward play, you can consider solar penny stocks in India as they are operating in a sector with high growth potential.
3. What are the best solar penny stocks?
Ans. Here are some of the best solar penny stocks in India, which have low prices and small market capitalisation.
Stock Name | Market Capitalisation (in cr.) |
---|---|
Suzlon Energy Ltd. | 90,250 |
NHPC Ltd. | 83,930 |
Reliance Power Ltd. | 15,460 |
Orient Green Power Company Ltd. | 2,080 |
Surana Solar Ltd. | 240.47 |
Indowind Energy Ltd. | 301.65 |
*Data is updated as of 3rd December 2024
4. How fast can solar penny stocks grow?
Ans. It totally depends on the market sentiments and volatility. With positive trends and flow, solar penny stocks can show a rally to investors and may double or triple their capital investment. However, a small economic fall might incur severe drops in the prices of solar energy penny stocks in India. It is essential to conduct research to invest safely in these stocks.
Explore More Penny Stocks on Univest
Penny Stocks Under ₹1 As Per Market Capitalisation
Stock | CMP (in ₹) | Market Capitalisation (in Cr.) | 52-Week High (in ₹) | 52-Week Low (in ₹) | PE Ratio |
Grandma Trading & Agencies Ltd. | 0.68 | 9.00 | 3.52 | 0.68 | 0 |
Sun Retail Ltd. | 0.77 | 12.00 | 1.26 | 0.65 | 10.70 |
Vikas Proppant & Granite Ltd. | 0.49 | 25.00 | 0.75 | 0.45 | 0 |
MFL India Ltd. | 0.70 | 25.00 | 0.99 | 0.55 | 0 |
Future Enterprises Ltd. | 0.67 | 31.39 | 1.05 | 0.60 | 0 |
Sanwaria Consumer Ltd. | 0.47 | 36.00 | 0.60 | 0.30 | 0 |
Visagar Financial Services Ltd. | 0.76 | 43.79 | 1.09 | 0.70 | 0 |
Shalimar Productions Ltd. | 0.60 | 59.10 | 0.75 | 0.49 | 120.28 |
GV Films Ltd. | 0.72 | 145.40 | 1.15 | 0.62 | 0 |
Filatex Fashion Ltd. | 0.74 | 641.72 | 13.95 | 0.74 | 66.82 |
*Data is updated as of 31st December 2024.
Penny Stocks Under ₹5 As Per Market Capitalisation
Stock | CMP (in ₹) | Market Capitalisation (in Cr.) | 52-Week High (in ₹) | 52-Week Low (in ₹) | PE Ratio |
Gala Global Products Ltd. | 3.31 | 17.80 | 4.43 | 2.94 | 15.09 |
Risa International Ltd. | 1.10 | 18.00 | 1.90 | 0.55 | 0 |
Sylph Technologies Ltd. | 1.12 | 39.00 | 5.04 | 0.80 | 0 |
Garment Mantra Lifestyle Ltd. | 2.39 | 49.00 | 8.79 | 2.30 | 15.16 |
Johnson Pharmacare Ltd. | 1.14 | 63.00 | 1.44 | 0.69 | 0 |
Kretto Syscon Ltd. | 1.19 | 74.01 | 1.59 | 0.73 | 15.27 |
Mittal Life Style Ltd. | 2.43 | 106.98 | 3.05 | 1.50 | 41.81 |
Excel Realty N Infra Ltd. | 1.07 | 181.98 | 1.85 | 0.40 | 79.95 |
Vikas Ecotech Ltd. | 3.18 | 564.22 | 5.30 | 3.18 | 82.15 |
Vikas Lifecare Ltd. | 4.23 | 786.29 | 7.64 | 4.15 | 0 |
*Data is updated as of 31st December 2024.
Penny Stocks Under ₹10 As Per Market Capitalisation
Stock | CMP (in ₹) | Market Capitalisation (in Cr.) | 52-Week High (in ₹) | 52-Week Low (in ₹) | PE Ratio |
Gopal Iron & Steels Company Ltd. | 7.64 | 4.00 | 9.07 | 6.60 | 0 |
Univesal Arts Ltd. | 6.80 | 6.00 | 6.80 | 1.95 | 10.32 |
Navoday Enterprises Ltd. | 9.45 | 7.00 | 10.55 | 6.65 | 25.12 |
Ganon Products Ltd. | 8.50 | 8.00 | 17.15 | 5.20 | 0 |
Longspur International Ventures Ltd. | 8.11 | 11.00 | 12.72 | 5.08 | 31.40 |
FGP Ltd. | 9.70 | 11.50 | 14.15 | 5.52 | 21.69 |
JMG Corporation Ltd. | 5.70 | 14.00 | 8.61 | 1.91 | 0 |
Retro Green Revolution Ltd. | 9.34 | 35.00 | 15.50 | 8.24 | 85.73 |
SRU Steels Ltd. | 8.20 | 48.90 | 15.11 | 6.01 | 0 |
B.A.G Films and Media Ltd. | 9.96 | 196.50 | 14.60 | 7.70 | 105.78 |
*Data is updated as of 1st January 2025.
Penny Stocks Under ₹20 As Per Market Capitalisation
Stock | CMP (in ₹) | Market Capitalisation (in Cr.) | 52-Week High (in ₹) | 52-Week Low (in ₹) | PE Ratio |
Mahalaxmi Seamless Ltd. | 14.27 | 7.00 | 14.73 | 8.65 | 18.74 |
Promact Impex Ltd. | 13.25 | 9.00 | 18.44 | 6.91 | 11.95 |
Manav Infra Projects Ltd. | 17.00 | 12.00 | 25.00 | 14.15 | 10.05 |
Jagjanani Textiles Ltd. | 13.99 | 22.00 | 18.50 | 9.58 | 0 |
Goenka Business & Finance Ltd. | 19.35 | 25.00 | 21.81 | 5.65 | 10.23 |
Bridge Securities Ltd. | 10.37 | 35.00 | 40.24 | 3.74 | 23.14 |
Shree Rajasthan Syntex Ltd. | 17.21 | 48.21 | 27.23 | 6.36 | 0.41 |
Gayatri Sugar Ltd. | 13.48 | 89.75 | 27.86 | 13.29 | 0 |
Pulsar International Ltd. | 15.47 | 109.00 | 19.18 | 6.36 | 43.19 |
Easy Trip Planne₹ Ltd. | 15.81 | 5,620 | 26.35 | 14.44 | 63.73 |
*Data is updated as of 1st January 2025.
Penny Stocks Under ₹50 As Per Market Capitalisation
Stock | CMP (in ₹) | Market Capitalisation (in Cr.) | 52-Week High (in ₹) | 52-Week Low (in ₹) | PE Ratio |
Nexus Surgical and Medicare Ltd. | 27.29 | 15.00 | 28.54 | 10.95 | 37.96 |
Octal Credit Capital Ltd. | 39.00 | 19.00 | 43.80 | 17.01 | 5.27 |
JMJ Fintech Ltd. | 27.20 | 35.00 | 37.24 | 19.20 | 6.99 |
Cyber Media Ltd. | 26.21 | 40.94 | 42.40 | 21.45 | 22.12 |
Comfort Commotrade Ltd. | 45.94 | 46.00 | 48.79 | 20.56 | 1.74 |
Aspire & Innovative Advertising Ltd. | 41.00 | 62.00 | 125.75 | 41.00 | 6.68 |
Arnold Holdings Ltd. | 44.99 | 104.00 | 71.89 | 21.07 | 7.03 |
KCP Sugar and Industries Corporation Ltd. | 45.44 | 507.00 | 59.97 | 32.45 | 6.19 |
Ashima Ltd. | 32.70 | 623.00 | 49.45 | 17.33 | 6.07 |
Hindustan Construction Company Ltd. | 38.38 | 6,890 | 55.75 | 28.80 | 14.06 |
*Data is updated as of 1st January 2025.
Best Penny Stocks to Buy Now
Stock | CMP (in ₹) | Market Capitalisation (in Cr.) | 52-Week High (in ₹) | 52-Week Low (in ₹) | PE Ratio |
Century Extrusions Ltd. | 24.73 | 196.00 | 31.00 | 17.20 | 24.77 |
HMA Agro Industries Ltd. | 40.40 | 1,980 | 76.75 | 39.49 | 19.79 |
Jyoti Structures Ltd. | 28.34 | 2,520 | 40.01 | 18.95 | 92.07 |
Motisons Jewellerb Ltd. | 28.36 | 2,680 | 33.80 | 9.50 | 69.92 |
PTC India Financial Services Ltd. | 43.75 | 2,760 | 62.75 | 33.10 | 17.72 |
Ujjivan Small Finance Bank Ltd. | 33.95 | 6,530 | 60.00 | 32.24 | 5.61 |
Rattan India Power Ltd. | 13.77 | 7,350 | 20.10 | 8.05 | 0.72 |
Reliance Power Ltd. | 44.25 | 17,100 | 53.64 | 20.40 | 13.72 |
UCO Bank Ltd. | 43.82 | 52,430 | 68.40 | 39.85 | 13.21 |
Yes Bank Ltd. | 19.68 | 61,450 | 31.40 | 19.07 | 34.28 |
*Data is updated as of 1st January 2025.
Cheap Stocks to Buy Now
Stock | CMP (in ₹) | Market Capitalisation (in Cr.) | 52-Week High (in ₹) | 52-Week Low (in ₹) | PE Ratio |
Davangere Sugar Company Ltd. | 5.82 | 109.60 | 11.50 | 5.01 | 40.24 |
Inventure Growth & Securities Ltd. | 2.11 | 219.00 | 2.12 | 2.09 | 15.19 |
Sadbhav Infrastructure Project Ltd. | 6.61 | 231.76 | 8.85 | 5.05 | 0 |
Shah Metacorp Ltd. | 4.54 | 264.30 | 7.02 | 2.95 | 9.42 |
GG Engineering Ltd. | 1.74 | 279.00 | 2.97 | 1.50 | 18.29 |
KBC Global Ltd. | 1.74 | 452.29 | 2.60 | 1.58 | 0 |
FCS Software Solutions Ltd. | 3.39 | 546.00 | 6.35 | 3.08 | 0 |
Nandan Denim Ltd. | 5.00 | 700.60 | 65.72 | 4.76 | 13.65 |
GVK Power & Infrastructure Ltd. | 4.83 | 761.00 | 16.35 | 4.62 | 1.38 |
GTL Infrastructure Ltd. | 2.05 | 2,630 | 4.13 | 1.40 | 0 |
*Data is updated as of 1st January 2025.
Note: Penny stocks or Solar Energy Penny Stocks are highly speculative investments. Do your own research before investing in these stocks.

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