Best Solar Stocks in November 2025: Waaree Renewable, Solex Energy, and Others Based on 5-Year CAGR

India’s renewable energy journey continues to gain momentum. Between April and September 2025, the country added nearly 23 GW of new clean energy capacity a 115% year-on-year surge. Backed by government incentives, global sustainability goals, and private sector investment, the solar energy segment remains a key driver of this growth.

Favourable policy support, improved module prices, and a strong project pipeline have made solar companies attractive. With India targeting over 35 GW of solar additions in FY26, select solar stocks remain in focus from the ongoing transition to green energy.

Best Solar Stocks in November 2025 Based on 5-Year CAGR

Note: The list of best solar stocks above is as of October 27, 2025 and is sorted as per 5-year CAGR.

Overview of the Top 5 Solar Stocks in November 2025

1. Waaree Renewable Technologies Ltd

Waaree Renewable leads the solar sector with a 5-year CAGR of 223.4%, reflecting its rapid expansion in renewable energy capacity.

Key Metrics:

• Return on Equity (ROE): 65.36%
• Return on Capital Employed (ROCE): 62.17%

2. Solex Energy Ltd

Solex Energy has maintained a solid performance with a 132.05% 5-year CAGR, driven by consistent order inflows and growth in solar panel manufacturing. It has also delivered an 8.79% return over the past year.

Key Metrics:

• ROE: 40.46%
• ROCE: 28.86%

3. Websol Energy System Ltd

Websol Energy has emerged as one of India’s fastest-growing renewable equipment manufacturers. With a 119.56% 5-year CAGR, it continues to expand capacity and enhance efficiency.

Key Metrics:

• ROE: 80.22%
• ROCE: 49.98%

4. K.P. Energy Ltd

K.P. Energy continues to deliver strong long-term returns, with a 108.05% 5-year CAGR.

Key Metrics:

• ROE: 46.46%
• ROCE: 28.55%

5. Solar Industries India Ltd

Solar Industries, though primarily a chemical manufacturer, has increasingly diversified into renewable segments. The stock has gained 34.45% in one year, supported by a 68.63% 5-year CAGR and strong profitability.

Key Metrics:

• ROE: 30.32%
• ROCE: 30.96%

Read More: Best Artificial Intelligence Stocks for November 2025: Persistent, Saksoft, and More Based on 5-Year CAGR.

Conclusion

India’s solar sector continues to evolve, supported by policy incentives, technological improvements, and growing investor interest. While companies like Waaree Renewable Technologies, Solex Energy, Websol Energy, K.P. Energy, and Solar Industries India have shown strong long-term growth trends, short-term market movements may remain influenced by valuation pressures and sector-specific challenges.

Investors should assess fundamentals, growth outlook, and risk factors carefully before taking any investment decision.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.