Top Green Hydrogen Stocks in June 2025: JSW Energy, Adani Energy Solutions & More- 5Y CAGR Basis

India is making decisive strides toward a low-carbon economy, with green hydrogen emerging as a cornerstone of its clean energy ambitions. 

On April 29, 2025, MNRE hosted a National Workshop in New Delhi focused on unlocking opportunities for Micro, Small & Medium Enterprises (MSMEs) in the green hydrogen supply chain. This reflects the government’s clear intent to build a robust domestic ecosystem around green hydrogen.

Under the National Green Hydrogen Mission, India aims to achieve a production capacity of at least 5 million metric tonnes (MMT) of green hydrogen per annum by 2030, supported by the addition of around 125 GW of renewable energy capacity. 

In this context, several Indian energy and infrastructure firms are positioning themselves as leaders in the green hydrogen space. In this article, we take a closer look at some of the best green hydrogen-linked stocks as of June 2025 ranked by their 5-year Compound Annual Growth Rate (CAGR). 

Top Green Hydrogen Stocks in June 2025 - Based on 5Y CAGR

Note: The stocks mentioned above have been selected and sorted based on 5Y CAGR as of June 4, 2025.

Overview of Best 5 Green Hydrogen Stocks in June 2025

1. Adani Power Ltd

Adani Power, a key entity within the Adani Group, is stepping up its focus on cleaner energy initiatives, including co-firing biomass with coal as part of its broader strategy to lower carbon emissions and contribute to green hydrogen development.

In Q4FY25, the company posted a net profit of ₹2,637 crore, reflecting a 4% year-on-year decline. However, revenue for the quarter rose by 6.5% to ₹14,237 crore. On an annual basis, while Adani Power reported a 12% rise in total revenue, its profit after tax (PAT) fell sharply by 38% compared to the previous year

Key Metrics:

• ROE: 56.77%

• ROCE: 25.85%

   

2. JSW Energy Ltd

JSW Energy is actively exploring nuclear energy opportunities. Notably, it is in the process of commissioning a 3,800 tonnes per annum green hydrogen facility at Vijayanagar this quarter to support the sustainable steelmaking goals of JSW Steel.

The company's revenue from operations saw a 17% YoY increase, reaching ₹1,283.18 crore, while total income rose by 14.3%, totaling ₹1,371.9 crore.

Key Metrics:

• ROE: 8.67%

• ROCE: 8.88%

   

3. Adani Total Gas Ltd

Adani Total Gas Ltd (ATGL) is moving ahead with plans to blend green hydrogen into its natural gas network, aiming to serve more than 4,000 residential and commercial PNG consumers in an initial pilot rollout. This initiative will rely on advanced technology integration to support cleaner energy distribution.

In the fourth quarter of FY25, ATGL recorded revenue growth of 15.5% year-on-year, reaching ₹1,453.37 crore. However, net profit declined by 8% to ₹155 crore, reflecting margin pressures despite rising top-line performance.

Key Metrics:

• ROE: 16.73%

• ROCE: 15.88%

   

4. Adani Green Energy Ltd

Adani Energy Solutions, a key player in power transmission and distribution, has won a significant project in Gujarat aimed at supporting green energy initiatives. As disclosed in a regulatory filing dated March 21, the ₹2,800 crore project will play a pivotal role in transmitting renewable power to enable the production of Green Hydrogen and Green Ammonia in Mundra.

For the fourth quarter of FY25, the company reported a robust 53.3% year-on-year growth in consolidated net profit, which rose to ₹230 crore. Operational revenue also showed strong momentum, increasing by 21.6% to ₹3,073 crore. This reflects the company’s healthy financial trajectory alongside its growing footprint in the clean energy space.

Key Metrics:

• ROE: 7.22%

• ROCE: 8.21%

   

5. Gail (India) Ltd

Honeywell and NTPC Green have signed a Memorandum of Understanding (MoU) to explore the production of Sustainable Aviation Fuel (SAF) using captured carbon dioxide and green hydrogen, aligning with their low-carbon growth goals.

In the fourth quarter of FY25, NTPC posted a consolidated net profit of ₹7,897.14 crore, reflecting a 22% year-on-year rise. The company’s total income for the quarter stood at ₹49,834 crore, up 3.2% from the same period last year. NTPC also declared a final dividend of ₹3.35 per share, underlining its consistent shareholder returns.

Key Metrics:

• ROE: 13.91%

• ROCE: 16.34%

   

Top Green Hydrogen Stocks in June, 2025 Sorted by Debt-to-Equity Ratio

Below is a list of green hydrogen stocks, ranked based on their debt-to-equity ratio, which indicates their financial leverage and risk profile.

Note: The stocks mentioned above have been selected and sorted based on the debt-to-equity ratio as of June 4, 2025.

Best Green Hydrogen in June, 2025 Sorted by Net Profit Margin

Net profit margin reflects a company's ability to generate earnings relative to revenue, showcasing its cost management and operational efficiency.

Note: The stocks mentioned above have been selected and sorted based on net profit margin as of June 4, 2025.

Read More: Best Semiconductor Stocks in June 2025: Tata Elxsi, Dixon Tech & More Based on 5-Year CAGR.

Conclusion

India’s transition toward a sustainable energy future is being actively shaped by companies across sectors—power, gas, oil, and renewables—making strategic moves into green hydrogen. As seen through key financial indicators like CAGR, debt-to-equity ratios, and profit margins, these companies are integrating green hydrogen into their broader operational and investment strategies.

While the landscape continues to evolve, the current data highlights the varied pace, scale, and approach of different players within the emerging green hydrogen value chain.

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.