Best Solar Stocks in September 2025: JSW Energy, Adani Green Energy, and Others Based on 5-Year CAGR

India’s solar power sector has grown rapidly in recent years and is now a key part of the country’s plan for clean and sustainable energy. It helps reduce dependence on fossil fuels and supports the government’s goal of energy security. To boost solar power, the Indian government has launched several schemes like the Solar Park Scheme, Rooftop Solar Scheme, CPSU Scheme, and more. These programs encourage both large and small solar projects across the country.

Thanks to these efforts, India has become the 5th largest country in the world for solar power installation. As of June 30, 2023, the country has installed 70.10 GW of solar capacity. This includes 57.22 GW from ground-mounted plants, 10.37 GW from rooftop solar systems, and 2.51 GW from off-grid setups.

With strong government support and rising demand for clean energy, the solar sector offers exciting investment opportunities. In this article, we look at some of the best solar stocks in India.

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

Overview of the Best Solar Stocks in September 2025

K.P. Energy

K.P. Energy share price peaked at ₹540.00 on August 1, but has since declined by 14.62%. It registered its largest single-day fall of 7.34% on August 5, 2025. However, the company has reported a strong financial performance for the quarter ended June 2025. Its net profit has risen by 39.59% to ₹25.42 crore, compared to ₹18.21 crore in the same quarter last year. Revenue also surged 72.57%, reaching ₹219.47 crore, up from ₹127.18 crore in June 2024.

Key Metrics:

• ROCE: 57.77%
• EPS (Q): ₹3.81

JSW Energy

JSW Energy share price stayed largely in the ₹490–₹540 range through August. On August 4, 2025, the stock climbed by 5.11% and reported one of its biggest daily gains. JSW Energy reported a 42% YoY surge in consolidated net profit to ₹743 crore in the June 2025 quarter, up from ₹522 crore a year ago. This was driven by renewable capacity additions and strong contributions from the Mahanadi plant and O2 Power. 

Key Metrics:

• ROCE: 5.77%
• EPS (Q): ₹4.26

BF Utilities

BF Utilities share price rose by 13.39% in August 2025. It reached a monthly high of ₹878.10 on August 21, 2025. BF Utilities Limited reported strong financial results for the quarter ended June 30, 2025. The company posted a revenue from operations of ₹1,148.79 lakhs, with a profit before tax of ₹929.05 lakhs. Profit after tax stood at ₹642.12 lakhs, indicating robust profitability and efficient cost management. 

Key Metrics:

• ROCE: 1.05%
• EPS (Q): ₹1.70

KKV Agro Powers

KKV Agro Powers share price has risen by 19.64% during June-August 2025. It is an independent renewable energy generation and trading company. Its portfolio includes a 7.6 MW wind energy installation and a 3.0 MW solar energy installation. The company’s plants are located in Tamil Nadu and Andhra Pradesh.

Key Metrics:

• ROCE: 12.78%

Adani Green Energy

Adani Green Energy share price has declined by nearly 9.26% in August 2025. However, the company reported a 42% year-on-year growth in energy sales to 10,479 million units. This surpassed its annual energy sales of FY22 within a single quarter! Revenue grew by 31% YoY to ₹3,312 crores, while EBITDA also increased 31% to ₹3,108 crores.

Key Metrics:

• ROCE: 8.21%
• EPS (Q): ₹4.26

Read more: Best Flexi Cap Funds In September 2025: Parag Parikh, HDFC, Kotak and More Based on AUM.

Conclusion

India’s solar sector continues to grow with strong government support and rising demand for clean energy. Companies like K.P. Energy, JSW Energy, and Adani Green Energy are emerging as top players with impressive growth and solid fundamentals. For investors looking to tap into the renewable energy boom, these stocks offer promising long-term potential. As the country expands its solar capacity, these companies are well-positioned to benefit from the shift toward a more sustainable energy future.

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.