3 Wind Turbine Maker, Largest Iron Ore Producer and Crude Oil and Gas Explorer Stocks With a Strong Future Roadmap: Suzlon Energy, NMDC and Oil India

Wind turbine, iron ore and crude oil stocks give investors a way to track businesses that sit close to everyday demand in India. Suzlon Energy, NMDC and Oil India cover a wind turbine maker, the largest iron ore producer and a crude oil and gas explorer.

This list covers three wind turbine, iron ore and crude oil stocks with complete current figures: Suzlon Energy, NMDC and Oil India. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.

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What Are Wind Turbine, Iron Ore and Crude Oil Stocks?

Wind turbine, iron ore and crude oil stocks are listed companies that build wind turbines and offer service contracts, mine iron ore in Chhattisgarh and Karnataka, and explore for and produce crude oil and natural gas. Their earnings depend on renewable additions, steel demand and energy prices.

Wind Turbine, Iron Ore and Crude Oil Stocks at a Glance

On valuation, Suzlon Energy and NMDC trade at a P/E below the industry P/E, while Oil India trades above it, which reflects the growth the market already expects. Readers comparing wind turbine, iron ore and crude oil stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in wind turbine, iron ore and crude oil stocks can use the coming numbers to test whether growth is holding.

Why Do Wind Turbine, Iron Ore and Crude Oil Stocks Have a Strong Roadmap in India?

Wind turbine, iron ore and crude oil stocks have a strong roadmap in India because growing renewable capacity, steady steel demand and domestic fuel needs keep widening the market for these energy and mining companies.

• Wind additions. New projects need turbines and service.
• Steel demand. Construction keeps iron ore moving.
• Domestic output. Local oil and gas supports energy security.

Why Suzlon Energy Features Among These Wind Turbine, Iron Ore and Crude Oil Stocks

Among the wind turbine, iron ore and crude oil stocks on this list, Suzlon Energy is a wind turbine maker with manufacturing and service operations across India, supplying turbines for utility, independent power producer and corporate customers and servicing a large installed base.

The company has a return on equity of 33.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 55,008 crore. The stock trades at a P/E of 17.5, below the industry P/E of 43.9.

Revenue rose from Rs 6,604 crore in FY22 to Rs 16,842 crore in FY26, a compound annual growth rate of 26.4%. Net profit grew from Rs 2,072 crore in FY25 to Rs 3,163 crore in FY26, a rise of 52.7%. In the June 2026 quarter, revenue grew 22.0% year on year to Rs 3,863 crore.

Roadmap: The company has a large order book and a strong share of the domestic wind market as the country adds renewable capacity. Its operations and maintenance business generates recurring income from the installed fleet.

What to watch: Check order book conversion to revenue and the pace of turbine deliveries each quarter.

Why NMDC Features Among These Wind Turbine, Iron Ore and Crude Oil Stocks

Among the energy and mineral shares on this list, NMDC is a public sector miner and India's largest producer of iron ore, with mines in Chhattisgarh and Karnataka, and it also has interests in lithium, diamonds and other minerals.

Revenue rose from Rs 26,683 crore in FY22 to Rs 33,559 crore in FY26, a compound annual growth rate of 5.9%. Net profit grew from Rs 5,538 crore in FY23 to Rs 7,415 crore in FY26, which works out to a compound annual growth rate of 10.2%.

In the June 2026 quarter, revenue grew 1.5% year on year to Rs 7,143 crore, while net profit rose 1.9% to Rs 2,006 crore. The company has a return on equity of 21.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 61,921 crore. The stock trades at a P/E of 8.3, below the industry P/E of 9.9.

Roadmap: The company plans to raise production capacity to meet the country's growing steel demand and has a debt-free balance sheet that supports its mining expansion. Its low-cost iron ore and new mineral projects give it multiple growth options.

What to watch: Follow iron ore volumes and prices and the pace of its expansion and critical mineral projects.

Why Oil India Features Among These Wind Turbine, Iron Ore and Crude Oil Stocks

Among the three companies on this list, Oil India is a public sector company that explores for and produces crude oil and natural gas, mainly in Assam and other parts of the country, and it also operates a crude pipeline in the North East.

In the June 2026 quarter, revenue grew 47.0% year on year to Rs 13,236 crore, while net profit rose 96.8% to Rs 4,027 crore. Revenue rose from Rs 27,048 crore in FY22 to Rs 35,877 crore in FY26, a compound annual growth rate of 7.3%.

Net profit grew from Rs 7,040 crore in FY25 to Rs 7,551 crore in FY26, a rise of 7.3%. The company has a return on equity of 11.4%, a debt to equity ratio of 0.65 and a market capitalisation of Rs 72,563 crore. The stock trades at a P/E of 7.6, above the industry P/E of 7.2.

Roadmap: The company is stepping up exploration and development spending and building a presence in refining and clean energy through its group companies. Steady production supports earnings and dividends.

What to watch: Track crude oil prices, production volumes and progress on new exploration blocks.

Suzlon Energy vs NMDC vs Oil India on Key Financials

The table below sets the three wind turbine, iron ore and crude oil stocks side by side on revenue, profit and margin, using reported figures.

Suzlon Energy posts the highest return on equity in this group at 33.4%. Oil India has the largest FY26 revenue at Rs 35,877 crore, and Suzlon Energy shows the fastest revenue growth with a 26.4% compound annual rate. A useful habit with wind turbine, iron ore and crude oil stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several wind, mining and oil stocks instead of one name, which keeps a single result from deciding the outcome.

The June 2026 quarter, the latest reported, gives a fresh read on momentum:

Key Risks to Check Before Investing in Wind Turbine, Iron Ore and Crude Oil Stocks

Every theme carries risks that deserve a check before any decision. For these wind turbine, iron ore and crude oil stocks, the main points are: Long-term energy and mineral shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

• Fuel and power prices. Tariffs and fuel costs can influence earnings.
• Commodity prices. Selling prices follow global and domestic markets.
• Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.

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.

Use the Univest Stock Screener to filter wind turbine, iron ore and crude oil stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Wind Turbine, Iron Ore and Crude Oil Stocks

Wind turbine, iron ore and crude oil stocks work best when investors track growth, valuation and return on equity side by side. Suzlon Energy, NMDC and Oil India each have a clear plan to grow. Based on the 30 October 2026 close, Suzlon Energy trades at Rs 33.9, NMDC at Rs 67.34 and Oil India at Rs 454. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these wind turbine, iron ore and crude oil stocks to a watchlist.

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What are wind turbine, iron ore and crude oil stocks?

Ans. Wind turbine, iron ore and crude oil stocks are listed companies that build wind turbines and offer service contracts, mine iron ore in Chhattisgarh and Karnataka, and explore for and produce crude oil and natural gas. Their earnings depend on renewable additions, steel demand and energy prices. This list looks at three of them, Suzlon Energy, NMDC and Oil India, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.

Which wind turbine, iron ore and crude oil stocks are covered in this list?

Ans. This list covers Suzlon Energy, NMDC and Oil India. Based on the 30 October 2026 close, Suzlon Energy traded at Rs 33.9, NMDC at Rs 67.34 and Oil India at Rs 454. Their return on equity ranges from 11.4% to 33.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.9% to 26.4%.

Why do wind turbine, iron ore and crude oil stocks have a strong future roadmap in India?

Ans. Wind turbine, iron ore and crude oil stocks have a strong roadmap in India because growing renewable capacity, steady steel demand and domestic fuel needs keep widening the market for these energy and mining companies. The main drivers are as follows. Wind additions. New projects need turbines and service. Steel demand. Construction keeps iron ore moving. Domestic output. Local oil and gas supports energy security. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Suzlon Energy performed financially?

Ans. Revenue rose from Rs 6,604 crore in FY22 to Rs 16,842 crore in FY26, a compound annual growth rate of 26.4%. Net profit grew from Rs 2,072 crore in FY25 to Rs 3,163 crore in FY26, a rise of 52.7%. In the June 2026 quarter, revenue grew 22.0% year on year to Rs 3,863 crore. The company has a return on equity of 33.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 55,008 crore. The stock trades at a P/E of 17.5, below the industry P/E of 43.9. Looking ahead, the company has a large order book and a strong share of the domestic wind market as the country adds renewable capacity. Its operations and maintenance business generates recurring income from the installed fleet.

How has NMDC performed financially?

Ans. Revenue rose from Rs 26,683 crore in FY22 to Rs 33,559 crore in FY26, a compound annual growth rate of 5.9%. Net profit grew from Rs 5,538 crore in FY23 to Rs 7,415 crore in FY26, which works out to a compound annual growth rate of 10.2%. In the June 2026 quarter, revenue grew 1.5% year on year to Rs 7,143 crore, while net profit rose 1.9% to Rs 2,006 crore. The company has a return on equity of 21.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 61,921 crore. The stock trades at a P/E of 8.3, below the industry P/E of 9.9. Looking ahead, the company plans to raise production capacity to meet the country's growing steel demand and has a debt-free balance sheet that supports its mining expansion. Its low-cost iron ore and new mineral projects give it multiple growth options.

How has Oil India performed financially?

Ans. Revenue rose from Rs 27,048 crore in FY22 to Rs 35,877 crore in FY26, a compound annual growth rate of 7.3%. Net profit grew from Rs 7,040 crore in FY25 to Rs 7,551 crore in FY26, a rise of 7.3%. In the June 2026 quarter, revenue grew 47.0% year on year to Rs 13,236 crore, while net profit rose 96.8% to Rs 4,027 crore. The company has a return on equity of 11.4%, a debt to equity ratio of 0.65 and a market capitalisation of Rs 72,563 crore. The stock trades at a P/E of 7.6, above the industry P/E of 7.2. Looking ahead, the company is stepping up exploration and development spending and building a presence in refining and clean energy through its group companies. Steady production supports earnings and dividends.

What risks should investors check before buying wind turbine, iron ore and crude oil stocks?

Ans. Investors should check a few risks before buying wind turbine, iron ore and crude oil stocks. Fuel and power prices. Tariffs and fuel costs can influence earnings. Commodity prices. Selling prices follow global and domestic markets. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.

Is this list of wind turbine, iron ore and crude oil stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 30 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.