Top Green Hydrogen Stocks in India
Under India’s National Green Hydrogen Mission, the government projects a cumulative reduction of over ₹1 lakh cr. in fossil fuel imports by 2030. This indicates a shift toward cleaner energy sources, which could have a positive impact on companies in the green energy sector. In this article, we will explore the top green hydrogen stocks in India, including benefits, risks, and key factors to consider before making investment considerations.
Top Green Hydrogen Stocks in India
Thursday, 18 September, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADAI | Adani Energy Solutions Ltd | ADANIENSOL | /stocks/adani-transmission-ADAI | Power Infrastructure | 826.45 | 1,090.95 | 588.00 | 99,280.00 | 93.66 | 21.81 | 4.31 | 0.00 | 5.77 | -16.44 | -79.49 | 215.32 | Midcap | Utilities | Electric Utilities | Electric Utilities | 1.59 |
| ADNA | Adani Green Energy Ltd | ADANIGREEN | /stocks/adani-green-energy-ADNA | Renewable Energy | 979.45 | 2,091.00 | 758.00 | 161,332.67 | 111.73 | 21.81 | 7.15 | 0.00 | 7.22 | -49.88 | -58.26 | 46.90 | Largecap | Utilities | Independent Power and Renewable Electricity Producers | Renewable Electricity | 0.92 |
| BPCL | Bharat Petroleum Corporation Ltd | BPCL | /stocks/bharat-petroleum-corporation-BPCL | Oil & Gas - Refining & Marketing | 323.55 | 376.00 | 234.01 | 140,372.35 | 10.53 | 18.61 | 1.72 | 3.04 | 16.99 | -4.39 | 101.65 | 55.70 | Largecap | Energy | Oil, Gas & Consumable Fuels | Oil & Gas Refining & Marketing | 0.14 |
| GAIL | Gail (India) Ltd | GAIL | /stocks/gail-india-GAIL | Gas Distribution | 181.60 | 245.00 | 150.52 | 119,403.45 | 9.59 | 21.81 | 1.40 | 4.13 | 15.33 | -17.35 | 101.78 | 200.17 | Largecap | Utilities | Gas Utilities | Gas Utilities | -0.14 |
| IOC | Indian Oil Corporation Ltd | IOC | /stocks/indian-oil-corporation-IOC | Oil & Gas - Refining & Marketing | 145.94 | 182.46 | 110.72 | 206,085.35 | 15.16 | 18.61 | 1.08 | 2.06 | 7.17 | -14.41 | 109.53 | 167.53 | Largecap | Energy | Oil, Gas & Consumable Fuels | Oil & Gas Refining & Marketing | 0.14 |
| LART | Larsen and Toubro Ltd | LT | /stocks/larsen-and-toubro-LART | Construction & Engineering | 3,685.50 | 3,963.50 | 2,965.30 | 506,961.16 | 33.71 | 40.30 | 4.39 | 0.92 | 13.80 | -0.26 | 92.89 | 306.65 | Largecap | Capital Goods | Construction & Engineering | Construction & Engineering | 0.15 |
| NTP | Ntpc Green Energy Ltd | NTPCGREEN | /stocks/ntpc-green-energy-NTP | Renewable Energy | 104.08 | 155.35 | 84.55 | 87,701.24 | 184.45 | 21.81 | 4.73 | 0.00 | 3.84 | -14.44 | -14.44 | -14.44 | Midcap | Utilities | Independent Power and Renewable Electricity Producers | Renewable Electricity | 0.12 |
| ONGC | Oil and Natural Gas Corporation Ltd | ONGC | /stocks/oil-and-natural-gas-corporation-ONGC | Oil & Gas - Exploration & Production | 236.88 | 302.00 | 205.00 | 298,001.65 | 8.23 | 18.61 | 0.80 | 5.17 | 9.87 | -19.61 | 81.45 | 223.83 | Largecap | Energy | Oil, Gas & Consumable Fuels | Integrated Oil & Gas | -0.50 |
| RELI | Reliance Industries Ltd | RELIANCE | /stocks/reliance-industries-RELI | Oil & Gas - Refining & Marketing | 1,413.80 | 1,551.00 | 1,114.85 | 1,913,220.98 | 27.47 | 18.61 | 1.89 | 0.39 | 7.20 | -3.97 | 24.46 | 35.49 | Largecap | Energy | Oil, Gas & Consumable Fuels | Oil & Gas Refining & Marketing | 0.23 |
| WAARE | Waaree Energies Ltd | WAAREEENER | /stocks/waaree-energies-WAARE | Renewable Energy Equipment & Services | 3,603.90 | 3,865.00 | 1,863.00 | 103,662.91 | 55.51 | 40.30 | 10.80 | 0.00 | 27.17 | 54.09 | 54.09 | 54.09 | Midcap | Semiconductors & Semiconductor Equipment | Semiconductors & Semiconductor Equipment | Semiconductors | -1.00 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this list of green hydrogen stocks is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
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Green Energy smallcase: This smallcase comprises a portfolio of stocks positioned to gain from the shift in energy production towards renewables from fossil fuels.
Disclosures for Green Energy Theme smallcase
What are Green Hydrogen Stocks?
Green hydrogen stocks are shares of companies producing, storing, or distributing hydrogen made with renewable energy. These companies are central to India’s clean energy push and global climate commitments.
About the Top Green Hydrogen Companies in India
- Reliance Industries Ltd: Reliance Industries operates in energy, telecom, retail, and digital services, making it one of India’s largest and most diversified conglomerates.
- Larsen & Toubro Ltd: Larsen & Toubro is a global engineering and construction leader delivering infrastructure, technology, and manufacturing solutions across multiple sectors.
- Oil and Natural Gas Corporation Ltd(ONGC): ONGC explores, produces, and refines crude oil and natural gas, playing a key role in meeting India’s energy requirements.
- Indian Oil Corporation Ltd: Indian Oil Corporation Ltd refines, markets, and distributes petroleum products and alternative energy solutions across India through its vast network of refineries and retail outlets.
- Adani Green Energy Ltd: Adani Green Energy Ltd develops, builds, and operates renewable energy projects, focusing on solar and wind power generation to support India’s clean energy transition.
Budget Allocations in the Green Hydrogen Sector (FY 2025–26)
- Increased Budget: The Union Budget 2025–26 allocates ₹600 cr. to the National Green Hydrogen Mission, doubling the ₹300 cr. allocated in 2024–25.
- Total Mission Outlay: The National Green Hydrogen Mission has a total outlay of ₹19,744 cr. to promote hydrogen production, storage, and innovation.
- Focus on Renewable Energy Integration: The mission encourages the use of renewable energy sources to produce hydrogen, supporting India’s goal of achieving 5 mn metric tonnes of green hydrogen annually by 2030.
How to Invest in Green Hydrogen Stocks?
Here is how you can invest in green energy stocks in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Research the Top green hydrogen stocks in India using tools like Tickertape Stock Screener, which provides 200+ filters to track hydrogen sector stocks and clean energy stocks.
- Place a ‘Buy’ Order on the top green hydrogen stocks that align with your investment thesis.
Benefits of Investing in Green Hydrogen Stocks in India
- Growth Potential: The demand for clean energy continues to rise as India and other nations aim for carbon neutrality. Green energy stocks in India are positioned to benefit from government support, rising global investments, and increasing adoption of hydrogen fuel across industries.
- Diversification: Green hydrogen companies in India provide exposure beyond traditional energy and renewable energy. They reduce reliance on fossil fuels and add balance by tapping into a fast-growing clean energy sector.
- Innovation and Technological Advancements: Green hydrogen companies are at the forefront of innovation in electrolysis, fuel cells, and storage solutions. Investors may gain exposure to emerging hydrogen technology stocks that may shape the future of the global energy market.
Risks of Investing in Green Hydrogen Stocks
- High Production Costs: The production of green hydrogen relies on advanced electrolysis technology, which remains expensive. These high costs can affect the profitability of hydrogen energy stocks.
- Limited Infrastructure: India’s infrastructure for storing, transporting, and distributing hydrogen is still under development. This creates challenges for scaling operations, which may impact the performance of green hydrogen sector stocks in India.
- Competition from Fossil Fuels: Although harmful to the environment, fossil fuels remain cheaper and more established. Their dominance continues to pose competitive pressure on hydrogen energy stocks in India until renewable technologies achieve greater cost efficiency.
- Regulation and Policy: Shifts in government policies or global energy regulations can create uncertainty, influencing the financial stability of renewable energy stocks.
Factors to Consider Before Investing in Green Hydrogen Stocks in India
- Government Policies and Regulations: Staying updated with policy changes, budget allocations, and renewable energy targets is crucial, as they directly influence the growth of green, sustainable energy stocks in India.
- Financial Performance: Hydrogen projects demand heavy upfront investment. That’s why it becomes vital to review the revenue, margins, debt, and cash flow of hydrogen companies. This is particularly important when evaluating low-cap hydrogen stocks in India, which may face more financial strain.
- Market Demand and Adoption: The demand for hydrogen in industries such as transportation, manufacturing, and energy storage will shape the future performance of green hydrogen shares. Companies aligned with these fast-growing sectors may contribute more to India’s hydrogen sector growth.
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To Wrap It Up…
Green hydrogen represents one of the most promising frontiers in clean energy. It offers investors exposure to a sector with strong growth potential and the ability to diversify beyond conventional energy. Yet, the industry also carries challenges such as high costs of production, underdeveloped infrastructure, and regulatory uncertainties. The best approach for investors is to balance optimism with caution. Tools like the Tickertape Stock Screener, with its 200+ filters, can help analyse financial strength, sector readiness, and long-term potential of these hydrogen energy stocks.
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Frequently Asked Questions About Green Hydrogen Stocks
1. What are green hydrogen stocks?
Green hydrogen stocks represent companies involved in producing, storing, and distributing hydrogen made through renewable energy sources like wind and solar.
2. How can investors identify the best green hydrogen stocks in 2025?
By using platforms like Tickertape Stock Screener, which offers over 200 filters that allow investors to analyse high-growth hydrogen stocks. Investors can compare financial performance, returns, debt, and other metrics to review hydrogen stocks for long-term investment.
3. Are green hydrogen stocks suitable for long-term investment?
The suitability of green hydrogen stocks in India for long-term investment depends on several factors, including an investor’s risk tolerance, financial goals, and time horizon.
4. How can I invest in green hydrogen stocks in India?
Here is how you can invest in green energy stocks in India:
- Open a demat/trading/stockbroker account through smallcase
- Research the high-potential hydrogen stocks using tools like Tickertape Stock Screener
- Place a ‘Buy’ Order on the top green hydrogen stocks.
Investors can also explore green energy ETFs in India that offer exposure to a diversified basket of companies involved in this sector.
5. Are there any hydrogen stocks for beginners?
Hydrogen stocks for beginners offer both opportunities and challenges. The sector is new and can be volatile, so beginners need to research thoroughly, track company performance, and review fundamentals before investing.
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