Top Electricity companies in India by Debt to Equity Ratio

This ranking features the top 36 Electricity companies in India ranked by Debt to Equity Ratio, averaging a Debt to Equity Ratio of 0.72, for January 16, 2025.

India

Electricity

#	Name	Debt to Equity Ratio	Reported Date	Stock Price	Change	Country
1	REC Limited 1 RECLTD.NS	6.43	March 31, 2024	USD 5.50	6.74%	India
2	Adani Energy Solutions Limited 2 ADANIENSOL.NS	2.93	March 31, 2024	USD 8.91	12.15%	India
3	Schneider Electric Infrastructure Limited 3 SCHNEIDER.NS	1.85	March 31, 2024	USD 8.37	3.06%	India
4	The Tata Power Company Limited 4 TATAPOWER.NS	1.66	March 31, 2024	USD 4.12	5.16%	India
5	Kirloskar Electric Company Limited 5 KECL.NS	1.54	March 31, 2024	USD 1.96	2.23%	India
6	NTPC Limited 6 NTPC.NS	1.48	March 31, 2024	USD 3.59	4.25%	India
7	Power Grid Corporation of India Limited 7 POWERGRID.NS	1.46	March 31, 2024	USD 3.35	1.07%	India
8	Hind Rectifiers Limited 8 HIRECT.NS	1.08	March 31, 2024	USD 13.59	-0.75%	India
9	Torrent Power Limited 9 TORNTPOWER.NS	0.96	March 31, 2024	USD 15.92	5.37%	India
10	Adani Power Limited 10 ADANIPOWER.NS	0.80	March 31, 2024	USD 6.20	19.54%	India
11	HPL Electric & Power Limited 11 HPL.NS	0.76	March 31, 2024	USD 5.91	4.26%	India
12	Indo National Limited 12 NIPPOBATRY.NS	0.62	March 31, 2024	USD 5.94	1.04%	India
13	Ram Ratna Wires Limited 13 RAMRAT.NS	0.61	March 31, 2024	USD 6.09	4.20%	India
14	Universal Cables Limited 14 UNIVCABLES.NS	0.43	March 31, 2024	USD 8.41	0.38%	India
15	Marine Electricals (India) Limited 15 MARINE.NS	0.39	March 31, 2024	USD 2.70	5.15%	India
16	Genus Power Infrastructures Limited 16 GENUSPOWER.NS	0.37	March 31, 2024	USD 4.32	1.66%	India
17	Plaza Wires Limited 17 PLAZACABLE.NS	0.35	March 31, 2024	USD 0.82	1.61%	India
18	Power & Instrumental (Gujarat) Limited 18 PIGL.NS	0.29	March 31, 2024	USD 4.35	-4.86%	India
19	Polycab India Limited 19 POLYCAB.NS	0.25	March 31, 2024	USD 74.81	3.72%	India
20	R R Kabel Limited 20 RRKABEL.NS	0.20	March 31, 2024	USD 15.24	0.94%	India
21	Precision Wires India Limited 21 PRECWIRE.NS	0.19	March 31, 2024	USD 1.77	2.67%	India
22	Gujarat Industries Power Company Limited 22 GIPCL.NS	0.19	March 31, 2024	USD 2.42	2.60%	India
23	Hitachi Energy India Limited 23 POWERINDIA.NS	0.16	March 31, 2024	USD 155.15	5.69%	India
24	Bajaj Electricals Limited 24 BAJAJELEC.NS	0.15	March 31, 2024	USD 8.67	2.52%	India
25	Aartech Solonics Limited 25 AARTECH.BO	0.14	March 31, 2024	USD 0.90	-4.85%	India
26	HEG Limited 26 HEG.NS	0.14	March 31, 2024	USD 4.95	1.19%	India
27	Rishabh Instruments Limited 27 RISHABH.NS	0.10	March 31, 2024	USD 3.56	-0.05%	India
28	Veto Switchgears and Cables Limited 28 VETO.NS	0.09	March 31, 2024	USD 1.44	1.98%	India
29	Bharat Bijlee Limited 29 BBL.NS	0.08	March 31, 2024	USD 39.39	6.34%	India
30	Exicom Tele-Systems Limited 30 EXICOM.NS	0.06	March 31, 2024	USD 2.77	-1.19%	India
31	KEI Industries Limited 31 KEI.NS	0.05	March 31, 2024	USD 46.45	0.80%	India
32	Havells India Limited 32 HAVELLS.NS	0.04	March 31, 2024	USD 17.62	-0.31%	India
33	Siemens Limited 33 SIEMENS.NS	0.02	Sept. 30, 2024	USD 67.75	1.19%	India
34	Indian Energy Exchange Limited 34 IEX.NS	0.01	March 31, 2024	USD 1.93	3.86%	India
35	CG Power and Industrial Solutions Limited 35 CGPOWER.NS	0.01	March 31, 2024	USD 7.40	4.23%	India
36	Finolex Cables Limited 36 FINCABLES.NS	0.00	March 31, 2024	USD 11.70	2.36%	India

Frequently Asked Questions

Which Electricity company in India has the highest Debt to Equity Ratio ?

The Electricity company in India with the highest Debt to Equity Ratio is REC Limited (NSE: RECLTD.NS) at 6.43.
Which Electricity company in India has the lowest Debt to Equity Ratio ?

The Electricity company in India with the lowest Debt to Equity Ratio is Finolex Cables Limited (NSE: FINCABLES.NS) at 0.00.

What are the top 10 Electricity companies in India by Debt to Equity Ratio ?

The top 10 Electricity companies in India by Debt to Equity Ratio are REC Limited, Adani Energy Solutions Limited, Schneider Electric Infrastructure Limited, The Tata Power Company Limited, Kirloskar Electric Company Limited, NTPC Limited, Power Grid Corporation of India Limited, Hind Rectifiers Limited, Torrent Power Limited and Adani Power Limited.
What are the bottom 10 Electricity companies in India by Debt to Equity Ratio ?

The bottom 10 Electricity companies in India by Debt to Equity Ratio are Finolex Cables Limited, CG Power and Industrial Solutions Limited, Indian Energy Exchange Limited, Siemens Limited, Havells India Limited, KEI Industries Limited, Exicom Tele-Systems Limited, Bharat Bijlee Limited, Veto Switchgears and Cables Limited and Rishabh Instruments Limited.