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♻️ 10 Green Hydrogen companies leading the charge in the green hydrogen revolution as proxy actors!
🔷Key Metrics:
🔸M Cap: ₹ 7,615 Cr
🔸P/E: 71.8
🔸CMP: ₹ 3,656
🔸ROCE: 83.8%
🔸OPM: 23.2%
🔸3 Years Sales Growth: 295%
✍️Waaree Renewables Technologies Ltd:
🔸Co is involved in renewable energy, particularly Solar PV, and is currently in the process of establishing a 1 MW Green hydrogen Plant that will be seamlessly integrated with the ecosystem on a BOB basis.
🔷Key Metrics:
🔸M Cap: ₹18,976 Cr
🔸P/E: 13.6
🔸CMP: ₹143
🔸ROCE: 11.4%
🔸OPM: 14.8%
🔸3 Years Sales Growth: 5.42%
✍️CESC Ltd:
🔸Co generates and distributes electricity, and its subsidiary, CESC Projects Ltd, won a bid to build a 10,500 MT/annum Green Hydrogen facility in India, expected to be operational in 3 years under SECI's scheme.
🔷Key Metrics:
🔸M Cap: ₹46,539 Cr
🔸P/E: 53.8
🔸CMP: ₹173
🔸ROCE: 8.17%
🔸OPM: 93.4%
🔸3 Years Sales Growth: 13.7%
✍️Indian Renewable Energy Development Agency Ltd:
🔸Co funds renewable energy projects in various sectors, including solar, wind, hydropower, transmission, biomass, waste-to-energy, ethanol, compressed biogas, hybrid renewables, energy-efficient technologies, and green mobility.
🔷Key Metrics:
🔸M Cap: ₹35,297 Cr
🔸P/E: 18.3
🔸CMP: ₹255
🔸ROCE: 13.5%
🔸OPM: 19.8%
🔸3 Years Sales Growth: 16.1%
✍️NLC India Ltd:
🔸Co specializes in lignite mining & power generation from both lignite & renewable energy sources.
🔸NLC has issued a consultancy order to Engineers India Ltd for a 4 MW green hydrogen plant in Neyveli, slated for completion by 2024-25.
🔷Key Metrics:
🔸M Cap: ₹2,65,922 Cr
🔸P/E: 162
🔸CMP: ₹1,679
🔸ROCE: 7.81%
🔸OPM: 83%
🔸3 Years Sales Growth: 45.1%
✍️Adani Green Energy Ltd:
🔸Co emphasizes renewable power generation and parent company has invested $2.5 billion in a green hydrogen project, aiming for a 1 million-ton annual capacity by FY27.
🔷Key Metrics:
🔸M Cap: ₹ 560 Cr.
🔸P/E: 90.2
🔸CMP: ₹ 805
🔸ROCE: 14.9 %
🔸OPM: 13.8 %
🔸3 Years Sales Growth: 38.19%
✍️RIR Power Electronics Ltd:
🔸Company produces traditional semiconductor devices while also seeing increased applications for power semiconductor devices in Green Hydrogen, grid reliability, efficiency, and infrastructure.
🔷Key Metrics:
🔸M Cap: ₹ 1,519 Cr
🔸P/E: 18
🔸CMP: ₹136
🔸ROCE: 11.9%
🔸OPM: 12.7%
🔸3 Years Sales Growth: 18.8%
✍️Everest Kanto Cylinder Ltd:
🔸Co manufactures high-pressure gas cylinders for various gases and liquids and is keen on the growing Green Hydrogen sector, already supplying cylinders for hydrogen as the government aims to become a leading producer and exporter by 2030.
🔷Key Metrics:
🔸M Cap: ₹4,187 Cr
🔸P/E: 14
🔸CMP: ₹674
🔸ROCE: 19.5%
🔸OPM: 12.2%
🔸3 Years Sales Growth: 5%
✍️Va Tech Wabag Ltd:
🔸Co provides water treatment solutions and is exploring opportunities in Green Hydrogen, Semiconductors, Manufactured Water, and BioCNG sectors, aiming to support the green hydrogen industry as a water partner.
🔷Key Metrics:
🔸M Cap: ₹1,98,583 Cr
🔸P/E: 18.4
🔸CMP: ₹812
🔸ROCE: 8.33%
🔸OPM: 17.1%
🔸3 Years Sales Growth: 31.3%
✍️JSW Steel Ltd:
🔸Co is engaged in the manufacture & sale of iron and steel products.
🔸JSW Energy has signed an MoU with the company for building 6.2 GW of renewable capacity, 2.7 GWh of storage capacity & 85,000 to 90,000 tns of green hydrogen for manufacturing green steel.
🔷Key Metrics:
🔸M Cap: ₹2,217 Cr
🔸P/E: 431
🔸CMP: ₹89.8
🔸ROCE: 5%
🔸OPM: 21.6%
🔸3 Years Sales Growth: 10.6%
✍️Sadhana Nitro Chem Ltd:
🔸A prominent manufacturer specializing in intermediate specialty chemicals, will foray in to land green energy for captive usage.
🔸The company will set up a green hydrogen facility, based on a solar plant and wind farm with a capacity of 15MW-20MW.
⚡️Disclaimer: The above data should not be considered as a Buy or Sell recommendation. The analysis has been done for educational and learning purpose only. We are not Sebi - Registered.
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-REGARDS-
Kirthee Bane
