Top 4 Solar Stocks with Impressive 3-Year Net Profit CAGR: Oswal Pumps, Alpex Solar, Solarworld, and Oriana Power
India’s solar sector is witnessing rapid growth, and several companies are standing out with strong financial performance driven by high ROE, robust ROCE, and impressive net profit CAGR above 35 percent. These metrics highlight operational efficiency, capital productivity, and sustained earnings momentum. Here are the solar stocks worth keeping on your radar for potential long-term opportunities.
Oswal Pumps Ltd
Oswal Pumps Limited is an Indian manufacturer of solar pumps, offering solar and grid-connected submersible pumps, monoblock pumps, electric motors, and solar modules under the Oswal brand. The company serves agricultural, residential, commercial, and industrial customers and also exports to multiple countries, including Australia, Egypt, Italy, Nepal, and the UAE. Founded in 2003, it is headquartered in Karnal, India.
Oswal Pumps Ltd, with a market capitalisation of Rs. 5,934 crore, closed at Rs. 520.65 per equity share, up by 2 percent from its previous day’s close price of Rs. 509.30 per equity share. The company has demonstrated exceptional capital efficiency, with a return on equity (ROE) of 87.5% and a return on capital employed (ROCE) of 77.9%. Over the past three years, it has achieved a remarkable net profit CAGR of 155%, highlighting strong growth momentum and operational effectiveness.
The company delivered strong growth in Q2 FY26 with revenue rising 74.2% YoY from ₹310 crore to ₹540 crore and up 5.1% QoQ from ₹514 crore, while net profit increased 48.5% YoY from ₹66 crore to ₹98 crore and grew 3.2% QoQ from ₹95 crore, reflecting sustained demand momentum and improved operational performance.
Alpex Solar Ltd
Alpex Solar Limited, incorporated in 1993 and headquartered in Noida, designs, manufactures, and sells solar PV modules and energy systems in India. The company offers bifacial, mono PERC, and half-cut modules, along with EPC services for DC/AC solar pumps, aluminum frames, and junction boxes. It also provides solutions for large-scale power plants, distributed solar projects, and household PV installations.
Alpex Solar Ltd, with a market capitalization of Rs. 2,462 crore, closed at Rs. 964 per equity share, down by 6.4 percent from its previous day’s close price of Rs. 1,029.95 per equity share. The company has showcased outstanding capital efficiency, posting a return on equity (ROE) of 47.7% and a return on capital employed (ROCE) of 50.5%. Over the last three years, it has recorded an impressive net profit CAGR of 1,106%, reflecting robust growth momentum and effective operational performance.
Alpex Solar reported strong growth in Q2 FY26, with revenue rising to ₹523 crore, up 178% YoY from ₹188 crore in Q2 FY25 and 37.6% QoQ from ₹380 crore in Q1 FY26. Profit also improved sharply, increasing to ₹53 crore, a 120.8% YoY rise from ₹24 crore and 26.2% QoQ from ₹42 crore, reflecting robust operational performance and sustained demand momentum.
Solarworld Energy Solutions Ltd
Solarworld Energy Solutions Limited, incorporated in 2013 and based in Noida, provides solar energy solutions in India, offering EPC services for solar power projects, PV modules for ground-mounted and rooftop installations, and battery energy storage systems. As of July 31, 2025, the company has executed 253.67 MW AC/336.17 MW DC of projects and has ongoing projects totaling 765 MW AC/994 MW DC, serving both public sector and commercial-industrial clients.
Solarworld Energy Solutions Ltd, with a market capitalization of Rs. 2,490 crore, closed at Rs. 287.25 per equity share, down by 1 percent from its previous day’s close price of Rs. 290.45 per equity share. The company has demonstrated exceptional capital efficiency, with a return on equity (ROE) of 40.2% and a return on capital employed (ROCE) of 40.4%. Over the past three years, it has achieved a remarkable net profit CAGR of 215%, highlighting strong growth momentum and highly effective operational execution.
The company reported mixed performance in Q2 FY26, with revenue at ₹137.88 crore, down 2.9% YoY from ₹141.94 crore in Q2 FY25 but up 102.2% QoQ from ₹68.24 crore in Q1 FY26. Profit declined to ₹9.29 crore, down 58.3% YoY from ₹22.27 crore and 28% QoQ from ₹12.91 crore, reflecting higher costs despite strong sequential revenue growth.
Oriana Power Ltd
Oriana Power Limited, founded in 2013 and based in Noida, India, provides comprehensive renewable energy solutions across EPC and Resco segments. The company offers solar power projects, battery energy storage systems, green hydrogen, e-fuels, and compressed biogas, along with leasing, operation, and maintenance services. It delivers floating, rooftop, ground, and carport solar solutions, hybrid systems, and hydrogen electrolyzers, serving residential, commercial, industrial, and utility-scale clients.
Oriana Power Ltd, with a market capitalisation of Rs. 4,369 crore, closed at Rs. 2,150 per equity share, down by 9 percent from its previous day’s close price of Rs. 2,365.90 per equity share. The company has demonstrated exceptional capital efficiency, with a return on equity (ROE) of 48.4% and a return on capital employed (ROCE) of 42.3%. Over the past three years, it has achieved a remarkable net profit CAGR of 183%, highlighting strong growth momentum and highly effective operational execution.
Oriana Power Limited reported Rs. 781 crore in revenue for the H1 FY26, an 116.94 percent increase over the Rs. 360 crore for the same period in FY25. It increased by 24.6 percent as compared to Rs. 628 crore in H2 FY25. The consolidated net profit for the H1 FY26 was Rs. 122 crore, which was 10.91 percent higher than the Rs. 110 crore reported in H1 FY25 and increased by 148.98 percent from Rs. 49 in H2 FY25.
