20-quarter listed-company comparison

Solar EPC Stocks in India

Solar EPC: Sterling & Wilson Renewable Energy Ltd owns the largest revenue base; Solarworld Energy Solutions Ltd has the fastest current growth.

01 · the index people search for

Nifty Solar EPC Index — Constituents & Performance

The Solar EPC companies below are the listed Indian Solar EPC universe this page tracks — the same constituent set people search for as the Nifty Solar EPC index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Solar EPC moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 43% behind NIFTY 500. Earnings across its companies grew 23% on average over the last four reported quarters.

ASLEEP · 1y −31.1%~Fundamentals up, price down0 of 5 companies ahead of NIFTY 500 by 5% or more over three months2 are 20% or more behind over a year while earnings grew 20% or more

RS — · 0/5 >200d (−2) · 0/5 lead (−3) · EPS 3/5↑

Solar EPC, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 5 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Solar EPC outperforming NIFTY 500?

Solar EPC has underperformed NIFTY 500 by 33.6% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 15.7%. 0 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Sterling & Wilson Renewable Energy Ltd is the strongest against the sector itself at +17.1%.

-15.7%Sector vs NIFTY 500 · 13 weeks

-33.6%Sector vs NIFTY 500 · 52 weeks

0/4Stocks leading NIFTY 500

4/4Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Solar EPC has underperformed NIFTY 500 by 33.6% over 52 weeks and 15.7% over 13 weeks. 0 of 4 covered companies beat NIFTY on Mansfield relative strength, while 4 of 4 beat the sector itself. Sterling & Wilson Renewable Energy Ltd leads with revenue of ₹7,377 crore, based on 3 of 5 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹20.4K Cr

Waaree Renewable Technologies Ltd

Revenue growing

3/3

positive TTM year-on-year growth

Beating NIFTY 500

0/4

positive Mansfield relative strength

Comparing 3 of 5

04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Oriana Power Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 58.5% evidence confidence.

Sterling & Wilson Renewable Energy Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Oriana Power LtdORIANA	64.6/100Thin evidence · provisional59% evidence	ASLEEP	18.5/35 Revenue — · PAT — · OPM change -4 pp 27% evidence	19.1/25 ROCE 39.6% · OPM 21% 100% evidence	15.0/20 P/E 11.1× · PEG — 50% evidence	12.0/20 RS sector 9.3% · RS bench -35% · 1Y -38%0 of 10 weeks ahead 70% evidence
Exact sum: 18.5 + 19.1 + 15 + 12 = 64.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2Waaree Renewable Technologies LtdWAAREERTL	53.3/100Mixed-positive evidence93% evidence	ASLEEP	22.5/35 Revenue 86% · PAT 78% · OPM change 0 pp 100% evidence	16.5/25 ROCE 83.6% · OPM 19% 100% evidence	3.5/20 P/E 18.8× · PEG 3.93 65% evidence	10.8/20 RS sector 14.4% · RS bench -9.5% · 1Y -13.4%9 of 12 weeks ahead 100% evidence
Exact sum: 22.5 + 16.5 + 3.5 + 10.8 = 53.3 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
3Solarworld Energy Solutions LtdSOLARWORLD	52.1/100Thin evidence · provisional56% evidence	ASLEEP	23.2/35 Revenue 100% · PAT 55.8% · OPM change 3 pp 83% evidence	8.9/25 ROCE 23.8% · OPM 10% 95% evidence	10.0/20 P/E 13.6× · PEG — 15% evidence	10.0/20 RS sector — · RS bench — · 1Y —6 of 10 weeks ahead 0% evidence
Exact sum: 23.2 + 8.9 + 10 + 10 = 52.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Sterling & Wilson Renewable Energy LtdSWSOLAR	45.9/100Mixed-negative evidence75% evidence	ASLEEP	12.5/35 Revenue 3.2% · PAT -80% · OPM change 0.2 pp 95% evidence	9.1/25 ROCE 26.8% · OPM 5% 76% evidence	9.3/20 P/E 15.2× · PEG — 15% evidence	15.0/20 RS sector 17.1% · RS bench -7.7% · 1Y -29.5%8 of 12 weeks ahead 100% evidence
Exact sum: 12.5 + 9.1 + 9.3 + 15 = 45.9 · Decision use: Price leads the evidence: RS versus the benchmark is -7.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
5KP Green Engineering Ltd544150	56.3/100Thin evidence · provisional45% evidence	ASLEEP	20.4/35 Revenue — · PAT — · OPM change 5 pp 26% evidence	17.4/25 ROCE 36.7% · OPM 21% 76% evidence	10.8/20 P/E 12.5× · PEG — 15% evidence	7.7/20 RS sector 0.2% · RS bench -23.5% · 1Y -35.5%2 of 11 weeks ahead 70% evidence
Exact sum: 20.4 + 17.4 + 10.8 + 7.7 = 56.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

05 · what price has already done

Market action

Waaree Renewable Technologies Ltd has the strongest one-year price move in Solar EPC at -13.4%. Sterling & Wilson Renewable Energy Ltd leads on Mansfield relative strength against NIFTY at -7.7%. 0 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Sterling & Wilson Renewable Energy Ltd has the highest Revenue among the 5 Solar EPC companies compared here, at ₹7,377 crore. Waaree Renewable Technologies Ltd is next at ₹3,652 crore. Solarworld Energy Solutions Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Sterling & Wilson Renewable Energy Ltd is the scale leader at ₹7,377 crore, 102% ahead of Waaree Renewable Technologies Ltd. Solarworld Energy Solutions Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 152.5% from a ₹1,376 crore base, with 8 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderSterling & Wilson Renewable Energy Ltd · ₹7,377 crore

Gap102% versus #2 · Waaree Renewable Technologies Ltd

Persistence6/8 recent comparable periods

Coverage3/5 companies · 56 observations

Investor read: Sterling & Wilson Renewable Energy Ltd is the scale benchmark; Solarworld Energy Solutions Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Sterling & Wilson Renewable Energy Ltd's growth falls below Solarworld Energy Solutions Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Sterling & Wilson Renewable Energy Ltd SWSOLAR₹7.4K Cr

2Waaree Renewable Technologies Ltd WAAREERTL₹3.7K Cr

3Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified₹1.4K Cr

Revenue growthfastest growers

1Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified100%

2Waaree Renewable Technologies Ltd WAAREERTL86%

3Sterling & Wilson Renewable Energy Ltd SWSOLAR3.2%

Revenue · company comparison

3/5 level · 3/5 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Sterling & Wilson Renewable Energy Ltd SWSOLAR	₹1.6K Cr	-9.8%	Jun 2026
Oriana Power Ltd ORIANA	₹1.0K Cr	64%	Mar 2026
Waaree Renewable Technologies Ltd WAAREERTL	₹924 Cr	53%	Jun 2026
KP Green Engineering Ltd 544150	₹714 Cr	65%	Mar 2026
Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified	₹592 Cr	236%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

KP Green Engineering Ltd · 544150

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹53 Cr

Jun 2023—

Sep 2023₹104 Cr

Dec 2023—

Mar 2024₹245 Cr

Jun 2024—

Sep 2024₹262 Cr

Dec 2024—

Mar 2025₹432 Cr

Jun 2025—

Sep 2025₹532 Cr

Dec 2025—

Mar 2026₹714 Cr

Jun 2026—

Oriana Power Ltd · ORIANA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹64 Cr

Dec 2023—

Mar 2024₹319 Cr

Jun 2024—

Sep 2024₹360 Cr

Dec 2024—

Mar 2025₹628 Cr

Jun 2025—

Sep 2025₹781 Cr

Dec 2025—

Mar 2026₹1.0K Cr

Jun 2026—

Solarworld Energy Solutions Ltd · SOLARWORLD⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹23 Cr

Sep 2024₹142 Cr

Dec 2024₹204 Cr

Mar 2025₹176 Cr

Jun 2025₹68 Cr

Sep 2025₹138 Cr

Dec 2025₹578 Cr

Mar 2026₹592 Cr

Jun 2026—

Sterling & Wilson Renewable Energy Ltd · SWSOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹407 Cr

Mar 2023₹88 Cr

Jun 2023₹515 Cr

Sep 2023₹760 Cr

Dec 2023₹583 Cr

Mar 2024₹1.2K Cr

Jun 2024₹915 Cr

Sep 2024₹1.0K Cr

Dec 2024₹1.8K Cr

Mar 2025₹2.5K Cr

Jun 2025₹1.8K Cr

Sep 2025₹1.7K Cr

Dec 2025₹2.1K Cr

Mar 2026₹1.9K Cr

Jun 2026₹1.6K Cr

Waaree Renewable Technologies Ltd · WAAREERTL

Sep 2021₹11 Cr

Dec 2021₹45 Cr

Mar 2022₹77 Cr

Jun 2022₹95 Cr

Sep 2022₹121 Cr

Dec 2022₹74 Cr

Mar 2023₹61 Cr

Jun 2023₹129 Cr

Sep 2023₹150 Cr

Dec 2023₹324 Cr

Mar 2024₹273 Cr

Jun 2024₹236 Cr

Sep 2024₹524 Cr

Dec 2024₹360 Cr

Mar 2025₹477 Cr

Jun 2025₹603 Cr

Sep 2025₹775 Cr

Dec 2025₹851 Cr

Mar 2026₹1.1K Cr

Jun 2026₹924 Cr

Revenue growth · reported quarter history

KP Green Engineering Ltd · 544150

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024362%

Jun 2024—

Sep 2024152%

Dec 2024—

Mar 202576%

Jun 2025—

Sep 2025103%

Dec 2025—

Mar 202665%

Jun 2026—

Oriana Power Ltd · ORIANA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024463%

Dec 2024—

Mar 202597%

Jun 2025—

Sep 2025117%

Dec 2025—

Mar 202664%

Jun 2026—

Solarworld Energy Solutions Ltd · SOLARWORLD⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025196%

Sep 2025-2.8%

Dec 2025183%

Mar 2026236%

Jun 2026—

Sterling & Wilson Renewable Energy Ltd · SWSOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202343%

Mar 20241,239%

Jun 202478%

Sep 202436%

Dec 2024215%

Mar 2025114%

Jun 202593%

Sep 202570%

Dec 202514%

Mar 2026-23%

Jun 2026-9.8%

Waaree Renewable Technologies Ltd · WAAREERTL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022239%

Sep 20221,000%

Dec 202264%

Mar 2023-21%

Jun 202336%

Sep 202324%

Dec 2023338%

Mar 2024348%

Jun 202483%

Sep 2024249%

Dec 202411%

Mar 202575%

Jun 2025156%

Sep 202548%

Dec 2025136%

Mar 2026131%

Jun 202653%

07 · compare level, then change

Operating Economics & Margin Trend

KP Green Engineering Ltd has the highest OPM among the 5 Solar EPC companies compared here, at 21%. The same company also holds the highest Margin change, at +5 percentage points. 5 of 5 companies report a comparable reading, the latest through Mar 2026. Its OPM series carries 7 reported observations across the 20-quarter window.

What the numbers say: KP Green Engineering Ltd leads both opm at 21% and margin change at +5 percentage points.

LeaderKP Green Engineering Ltd · 21%

Gap0% versus #2 · Oriana Power Ltd

Persistence3/5 recent comparable periods

Coverage5/5 companies · 61 observations

Investor read: KP Green Engineering Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1KP Green Engineering Ltd 54415021%

2Oriana Power Ltd ORIANA21%

3Waaree Renewable Technologies Ltd WAAREERTL19%

4Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified10%

5Sterling & Wilson Renewable Energy Ltd SWSOLAR5.0%

Margin changefastest expanders

1KP Green Engineering Ltd 544150+5.0 pp

2Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified+3.0 pp

3Sterling & Wilson Renewable Energy Ltd SWSOLAR+0.2 pp

4Waaree Renewable Technologies Ltd WAAREERTL0.0 pp

5Oriana Power Ltd ORIANA−4.0 pp

Operating margin · company comparison

5/5 level · 5/5 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
KP Green Engineering Ltd 544150	21%	+5.0 pp	Mar 2026
Oriana Power Ltd ORIANA	21%	−4.0 pp	Mar 2026
Waaree Renewable Technologies Ltd WAAREERTL	19%	0.0 pp	Jun 2026
Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified	10%	+3.0 pp	Mar 2026
Sterling & Wilson Renewable Energy Ltd SWSOLAR	5.0%	+0.2 pp	Jun 2026

Full 20-quarter history · every available company

OPM · reported quarter history

KP Green Engineering Ltd · 544150

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 202317%

Jun 2023—

Sep 202317%

Dec 2023—

Mar 202414%

Jun 2024—

Sep 202415%

Dec 2024—

Mar 202516%

Jun 2025—

Sep 202518%

Dec 2025—

Mar 202621%

Jun 2026—

Oriana Power Ltd · ORIANA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202318%

Dec 2023—

Mar 202422%

Jun 2024—

Sep 202421%

Dec 2024—

Mar 202525%

Jun 2025—

Sep 202523%

Dec 2025—

Mar 202621%

Jun 2026—

Solarworld Energy Solutions Ltd · SOLARWORLD⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 202423%

Sep 202421%

Dec 202429%

Mar 20257.0%

Jun 202513%

Sep 202511%

Dec 202511%

Mar 202610%

Jun 2026—

Sterling & Wilson Renewable Energy Ltd · SWSOLAR

Sep 2021-20%

Dec 2021-26%

Mar 2022-12%

Jun 2022-28%

Sep 2022-118%

Dec 2022-16%

Mar 2023-398%

Jun 2023-7.0%

Sep 20230.2%

Dec 2023-2.8%

Mar 20242.5%

Jun 20242.7%

Sep 20241.8%

Dec 20243.8%

Mar 20255.0%

Jun 20254.8%

Sep 20250.2%

Dec 20253.2%

Mar 20267.0%

Jun 20265.0%

Waaree Renewable Technologies Ltd · WAAREERTL

Sep 202128%

Dec 20219.6%

Mar 202216%

Jun 202214%

Sep 202210%

Dec 202248%

Mar 202336%

Jun 202310%

Sep 202320%

Dec 202327%

Mar 202428%

Jun 202417%

Sep 202414%

Dec 202420%

Mar 202527%

Jun 202519%

Sep 202520%

Dec 202519%

Mar 202619%

Jun 202619%

Margin change · reported quarter history

KP Green Engineering Ltd · 544150

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024−3.0 pp

Jun 2024—

Sep 2024−2.0 pp

Dec 2024—

Mar 2025+2.0 pp

Jun 2025—

Sep 2025+3.0 pp

Dec 2025—

Mar 2026+5.0 pp

Jun 2026—

Oriana Power Ltd · ORIANA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024+3.0 pp

Dec 2024—

Mar 2025+3.0 pp

Jun 2025—

Sep 2025+2.0 pp

Dec 2025—

Mar 2026−4.0 pp

Jun 2026—

Solarworld Energy Solutions Ltd · SOLARWORLD⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025−10.0 pp

Sep 2025−10.0 pp

Dec 2025−18.0 pp

Mar 2026+3.0 pp

Jun 2026—

Sterling & Wilson Renewable Energy Ltd · SWSOLAR

Sep 2021−20.8 pp

Dec 2021−27.3 pp

Mar 2022+19.5 pp

Jun 2022−19.8 pp

Sep 2022−97.9 pp

Dec 2022+10.5 pp

Mar 2023−386.4 pp

Jun 2023+21.5 pp

Sep 2023+118.6 pp

Dec 2023+12.9 pp

Mar 2024+400.5 pp

Jun 2024+9.7 pp

Sep 2024+1.6 pp

Dec 2024+6.6 pp

Mar 2025+2.5 pp

Jun 2025+2.1 pp

Sep 2025−1.6 pp

Dec 2025−0.6 pp

Mar 2026+2.0 pp

Jun 2026+0.2 pp

Waaree Renewable Technologies Ltd · WAAREERTL

Sep 2021−41.6 pp

Dec 2021−19.9 pp

Mar 2022−44.9 pp

Jun 2022+1.1 pp

Sep 2022−17.1 pp

Dec 2022+38.5 pp

Mar 2023+19.7 pp

Jun 2023−3.7 pp

Sep 2023+9.5 pp

Dec 2023−21.0 pp

Mar 2024−8.0 pp

Jun 2024+7.0 pp

Sep 2024−6.0 pp

Dec 2024−7.0 pp

Mar 2025−1.0 pp

Jun 2025+2.0 pp

Sep 2025+6.0 pp

Dec 2025−1.0 pp

Mar 2026−8.0 pp

Jun 20260.0 pp

08 · compare level, then change

Profit Scale & Acceleration

Waaree Renewable Technologies Ltd has the highest Net profit among the 5 Solar EPC companies compared here, at ₹511 crore. Solarworld Energy Solutions Ltd is next at ₹120 crore. The same company also holds the highest Profit growth, at 78%. 3 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Waaree Renewable Technologies Ltd leads with ₹511 crore of TTM profit, 325.8% above Solarworld Energy Solutions Ltd. Waaree Renewable Technologies Ltd shows 78% growth from a ₹511 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderWaaree Renewable Technologies Ltd · ₹511 crore

Gap325.8% versus #2 · Solarworld Energy Solutions Ltd

Persistence7/8 recent comparable periods

Coverage3/5 companies · 56 observations

Investor read: Waaree Renewable Technologies Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Waaree Renewable Technologies Ltd WAAREERTL₹511 Cr

2Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified₹120 Cr

3Sterling & Wilson Renewable Energy Ltd SWSOLAR₹-281 Cr

Profit growthfastest growers

1Waaree Renewable Technologies Ltd WAAREERTL78%

2Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified56%

3Sterling & Wilson Renewable Energy Ltd SWSOLAR-80%

Net profit · company comparison

3/5 level · 3/5 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Oriana Power Ltd ORIANA	₹130 Cr	18%	Mar 2026
Waaree Renewable Technologies Ltd WAAREERTL	₹119 Cr	38%	Jun 2026
KP Green Engineering Ltd 544150	₹77 Cr	67%	Mar 2026
Sterling & Wilson Renewable Energy Ltd SWSOLAR	₹53 Cr	36%	Jun 2026
Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified	₹49 Cr	444%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

KP Green Engineering Ltd · 544150

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹5 Cr

Jun 2023—

Sep 2023₹11 Cr

Dec 2023—

Mar 2024₹24 Cr

Jun 2024—

Sep 2024₹27 Cr

Dec 2024—

Mar 2025₹46 Cr

Jun 2025—

Sep 2025₹58 Cr

Dec 2025—

Mar 2026₹77 Cr

Jun 2026—

Oriana Power Ltd · ORIANA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023₹6 Cr

Dec 2023—

Mar 2024₹49 Cr

Jun 2024—

Sep 2024₹49 Cr

Dec 2024—

Mar 2025₹110 Cr

Jun 2025—

Sep 2025₹122 Cr

Dec 2025—

Mar 2026₹130 Cr

Jun 2026—

Solarworld Energy Solutions Ltd · SOLARWORLD⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹3 Cr

Sep 2024₹22 Cr

Dec 2024₹43 Cr

Mar 2025₹9 Cr

Jun 2025₹13 Cr

Sep 2025₹9 Cr

Dec 2025₹49 Cr

Mar 2026₹49 Cr

Jun 2026—

Sterling & Wilson Renewable Energy Ltd · SWSOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹-99 Cr

Mar 2023₹-421 Cr

Jun 2023₹-95 Cr

Sep 2023₹-55 Cr

Dec 2023₹-62 Cr

Mar 2024₹1 Cr

Jun 2024₹5 Cr

Sep 2024₹9 Cr

Dec 2024₹17 Cr

Mar 2025₹55 Cr

Jun 2025₹39 Cr

Sep 2025₹-478 Cr

Dec 2025₹2 Cr

Mar 2026₹142 Cr

Jun 2026₹53 Cr

Waaree Renewable Technologies Ltd · WAAREERTL

Sep 2021₹5 Cr

Dec 2021₹0 Cr

Mar 2022₹7 Cr

Jun 2022₹10 Cr

Sep 2022₹8 Cr

Dec 2022₹25 Cr

Mar 2023₹12 Cr

Jun 2023₹9 Cr

Sep 2023₹21 Cr

Dec 2023₹64 Cr

Mar 2024₹51 Cr

Jun 2024₹28 Cr

Sep 2024₹54 Cr

Dec 2024₹53 Cr

Mar 2025₹94 Cr

Jun 2025₹86 Cr

Sep 2025₹116 Cr

Dec 2025₹120 Cr

Mar 2026₹156 Cr

Jun 2026₹119 Cr

Profit growth · reported quarter history

KP Green Engineering Ltd · 544150

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024380%

Jun 2024—

Sep 2024145%

Dec 2024—

Mar 202592%

Jun 2025—

Sep 2025115%

Dec 2025—

Mar 202667%

Jun 2026—

Oriana Power Ltd · ORIANA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024717%

Dec 2024—

Mar 2025124%

Jun 2025—

Sep 2025149%

Dec 2025—

Mar 202618%

Jun 2026—

Solarworld Energy Solutions Ltd · SOLARWORLD⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025333%

Sep 2025-59%

Dec 202514%

Mar 2026444%

Jun 2026—

Sterling & Wilson Renewable Energy Ltd · SWSOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20255,400%

Jun 2025680%

Sep 2025-5,411%

Dec 2025-88%

Mar 2026158%

Jun 202636%

Waaree Renewable Technologies Ltd · WAAREERTL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202260%

Dec 2022—

Mar 202371%

Jun 2023-10%

Sep 2023163%

Dec 2023156%

Mar 2024325%

Jun 2024211%

Sep 2024157%

Dec 2024-17%

Mar 202584%

Jun 2025207%

Sep 2025115%

Dec 2025126%

Mar 202666%

Jun 202638%

09 · compare level, then change

Return On Capital Employed

Waaree Renewable Technologies Ltd has the highest ROCE among the 5 Solar EPC companies compared here, at 83.6%. Oriana Power Ltd is next at 39.6%. Oriana Power Ltd has the highest ROCE change at +15.4 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Waaree Renewable Technologies Ltd leads ROCE at 83.6%, 44 percentage points above Oriana Power Ltd. Oriana Power Ltd has the strongest latest improvement at +15.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderWaaree Renewable Technologies Ltd · 83.6%

Gap111.1% versus #2 · Oriana Power Ltd

Persistence4/8 recent comparable periods

Coverage5/5 companies · 25 observations

Investor read: Waaree Renewable Technologies Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1Waaree Renewable Technologies Ltd WAAREERTL84%

2Oriana Power Ltd ORIANA40%

3KP Green Engineering Ltd 54415037%

4Sterling & Wilson Renewable Energy Ltd SWSOLAR27%

5Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified24%

ROCE changefastest improvers

1Oriana Power Ltd ORIANA+15.4 pp

2Sterling & Wilson Renewable Energy Ltd SWSOLAR+10.0 pp

3KP Green Engineering Ltd 544150+7.0 pp

4Waaree Renewable Technologies Ltd WAAREERTL+0.3 pp

5Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified−13.5 pp

Return on capital · company comparison

5/5 level · 5/5 change

Withheld from this chart: Sterling & Wilson Renewable Energy Ltd (SWSOLAR) — its two data sources disagree by up to 214% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Waaree Renewable Technologies Ltd WAAREERTL	61%	+0.3 pp	Jun 2026
Oriana Power Ltd ORIANA	38%	+15.4 pp	Mar 2026
Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified	16%	−13.5 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Oriana Power Ltd · ORIANA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20235.8%

Dec 2023—

Mar 202428%

Jun 2024—

Sep 202423%

Dec 2024—

Mar 202531%

Jun 2025—

Sep 202538%

Dec 2025—

Mar 2026—

Jun 2026—

Solarworld Energy Solutions Ltd · SOLARWORLD⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 202529%

Jun 202534%

Sep 202512%

Dec 202515%

Mar 202616%

Jun 2026—

Waaree Renewable Technologies Ltd · WAAREERTL

Sep 202113%

Dec 2021—

Mar 202226%

Jun 2022—

Sep 202243%

Dec 2022—

Mar 202362%

Jun 2023—

Sep 202362%

Dec 2023119%

Mar 202468%

Jun 2024110%

Sep 202473%

Dec 2024100%

Mar 202560%

Jun 202598%

Sep 202561%

Dec 2025101%

Mar 202661%

Jun 2026—

ROCE change · reported quarter history

Oriana Power Ltd · ORIANA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024+17.1 pp

Dec 2024—

Mar 2025+3.1 pp

Jun 2025—

Sep 2025+15.4 pp

Dec 2025—

Mar 2026—

Jun 2026—

Solarworld Energy Solutions Ltd · SOLARWORLD⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026−13.5 pp

Jun 2026—

Waaree Renewable Technologies Ltd · WAAREERTL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+29.2 pp

Dec 2022—

Mar 2023+35.8 pp

Jun 2023—

Sep 2023+19.2 pp

Dec 2023—

Mar 2024+6.6 pp

Jun 2024—

Sep 2024+11.3 pp

Dec 2024−19.0 pp

Mar 2025−8.0 pp

Jun 2025−11.6 pp

Sep 2025−11.9 pp

Dec 2025+0.1 pp

Mar 2026+0.3 pp

Jun 2026—

10 · compare level, then change

Valuation Against Growth & Quality

Waaree Renewable Technologies Ltd has the lowest PEG among the 5 Solar EPC companies compared here, at 3.93×. Oriana Power Ltd has the lowest P/E at 11.1×, so level and change sit with different companies. 1 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Waaree Renewable Technologies Ltd has the lowest comparable PEG at 3.93×. Only 1 of 5 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderWaaree Renewable Technologies Ltd · 3.93×

GapNot enough peers

Persistence0/8 recent comparable periods

Coverage1/5 companies · 1 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Waaree Renewable Technologies Ltd WAAREERTL3.9

P/Elowest P/E

1Oriana Power Ltd ORIANA11.1

2KP Green Engineering Ltd 54415012.5

3Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified13.6

4Sterling & Wilson Renewable Energy Ltd SWSOLAR15.2

5Waaree Renewable Technologies Ltd WAAREERTL18.8

Valuation · company comparison

1/5 level · 5/5 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Waaree Renewable Technologies Ltd WAAREERTL	3.9	22.2	Jun 2026
KP Green Engineering Ltd 544150	—	15.6	Mar 2026
Sterling & Wilson Renewable Energy Ltd SWSOLAR	—	17.4	Jun 2026
Oriana Power Ltd ORIANA	—	14.1	Mar 2026
Solarworld Energy Solutions Ltd SOLARWORLD⚠ unverified	—	14.6	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Waaree Renewable Technologies Ltd · WAAREERTL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20233.9

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

KP Green Engineering Ltd · 544150

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20244.8

Jun 2024—

Sep 202477.2

Dec 2024—

Mar 202553.4

Jun 2025—

Sep 202534.6

Dec 2025—

Mar 202615.6

Jun 2026—

Oriana Power Ltd · ORIANA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202321.6

Dec 2023—

Mar 202447.1

Jun 2024—

Sep 202476.7

Dec 2024—

Mar 202526.6

Jun 2025—

Sep 202530.7

Dec 2025—

Mar 202614.1

Jun 2026—

Solarworld Energy Solutions Ltd · SOLARWORLD⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 202531.2

Dec 202526.4

Mar 202614.6

Jun 2026—

Sterling & Wilson Renewable Energy Ltd · SWSOLAR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 202591.4

Sep 202551.8

Dec 202524.7

Mar 202617.5

Jun 202617.4

Waaree Renewable Technologies Ltd · WAAREERTL

Sep 2021-1,563.6

Dec 20211,297.7

Mar 2022732.2

Jun 202273.4

Sep 202243.0

Dec 202241.5

Mar 202332.3

Jun 202342.4

Sep 202348.7

Dec 202361.5

Mar 2024137.7

Jun 2024141.1

Sep 2024121.9

Dec 202467.8

Mar 202550.6

Jun 202544.2

Sep 202536.3

Dec 202528.5

Mar 202620.1

Jun 202622.2

11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Solar EPC comparison names 7 specific ways its own evidence can mislead, all listed below. All 5 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
Thin comparisons: Valuation have fewer than three usable current readings.

12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 5 Solar EPC companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-07-31 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing2 cross-checked · 2 unverified · 1 withheld, of 5 graded companies.

How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Solar EPC company comparison FAQs

These 24 answers restate the Solar EPC comparison above in question form. Every one is computed from the same 5 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Solar EPC sector outperforming NIFTY 500?

Solar EPC has underperformed NIFTY 500 by 33.6% over 52 weeks and 15.7% over 13 weeks. 0 of 4 covered companies beat NIFTY on Mansfield relative strength, while 4 of 4 beat the sector itself.

Which Solar EPC company is largest by revenue?

Sterling & Wilson Renewable Energy Ltd leads with revenue of ₹7,377 crore, based on 3 of 5 comparable companies through Jun 2026.

Which Solar EPC company is growing fastest?

Solarworld Energy Solutions Ltd has the fastest current revenue growth at 100%, across 3 of 5 comparable companies.

Which Solar EPC company has the strongest 4-Factor Sector Score?

Oriana Power Ltd ranks first at 64.6/100 with 58.5% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Solar EPC company has the lowest comparable PEG?

Waaree Renewable Technologies Ltd has the lowest comparable PEG at 3.93, among 1 of 5 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Solar EPC comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Solar EPC index?

The Nifty Solar EPC index tracks India's listed Solar EPC companies as a single basket. This page follows the same 5 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Solar EPC sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Solar EPC stocks in India?

Ranked by this page's four-factor score, Oriana Power Ltd places first among 5 listed Solar EPC companies, followed by Waaree Renewable Technologies Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Solar EPC stocks are listed in India?

This comparison covers 5 listed Solar EPC companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Solar EPC company is the biggest?

Sterling & Wilson Renewable Energy Ltd is the largest, with trailing-twelve-month revenue of ₹7,377 crore, ahead of Waaree Renewable Technologies Ltd at ₹3,652 crore. That covers 3 of 5 companies with comparable reporting through Jun 2026.

Which Solar EPC company has the best profit margins?

KP Green Engineering Ltd has the highest operating margin at 21%, from 5 of 5 comparable companies. KP Green Engineering Ltd shows the biggest recent improvement, at +5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Solar EPC company makes the most profit?

Waaree Renewable Technologies Ltd earns the most, at ₹511 crore of trailing-twelve-month net profit, from 3 of 5 comparable companies. Waaree Renewable Technologies Ltd has the fastest profit growth at 78%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Solar EPC company earns the highest return on capital?

Waaree Renewable Technologies Ltd leads on return on capital employed at 83.6%, across 5 of 5 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Solar EPC stock is the cheapest?

On PEG — where a LOWER number is cheaper — Waaree Renewable Technologies Ltd screens cheapest at 3.93×. Only 1 of 5 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Solar EPC sector beating the market?

Solar EPC has underperformed NIFTY 500 by 33.6% over the last 52 weeks and 15.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Solar EPC stock has the strongest price momentum?

Sterling & Wilson Renewable Energy Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Solar EPC company scores highest for research priority?

Oriana Power Ltd scores 64.6 out of 100 with 58.5% evidence confidence, from 18.5 points on growth and earnings, 19.1 on capital efficiency, 15 on valuation and 12 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Solar EPC companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Solar EPC sector?

The 5 Solar EPC companies on this page carry ₹20,424 crore of combined market value. Waaree Renewable Technologies Ltd is the largest at ₹9,529 crore, about 47% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Solar EPC sector's P/E ratio?

The median price-to-earnings ratio across the 5 Solar EPC companies on this page is 13.6×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Solar EPC sector performing?

0 of the 4 covered Solar EPC companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 33.6% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.