Best Utilities Stocks in India for 2026
Regulated electric, gas, and water names ranked on dividend coverage and rate-comparable yield; the lowest-beta, most defensive sector covered.
Utilities (regulated electric, gas, water) are the lowest-beta sector covered. Total returns are dominated by dividend yield + steady rate-base growth, so Health (dividend coverage, leverage) and Valuation (yield-on-cost in a rate-comparable frame) drive the composite more than Growth. Useful as a defensive ballast in a portfolio.
India listings on the National Stock Exchange (NSE) report under Ind_AS (the Indian convergence of IFRS). The universe spans financials, IT services, consumer discretionary, and infrastructure. Composite scoring tends to reward Quality pillar (ROE durability) given the structural growth backdrop.
Data as of (updated daily)
Top 20 Utilities in India by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | PTC.NSE | PTC India Limited | 67.6 |
| 2 | IGL.NSE | Indraprastha Gas Limited | 64.1 |
| 3 | POWERGRID.NSE | Power Grid Corporation of India Limited | 61.4 |
| 4 | MGL.NSE | Mahanagar Gas Limited | 61.1 |
| 5 | NLCINDIA.NSE | NLC India Limited | 60.2 |
| 6 | GAIL.NSE | GAIL (India) Limited | 58.9 |
| 7 | CESC.NSE | CESC Limited | 58.7 |
| 8 | NTPC.NSE | NTPC Limited | 58.4 |
| 9 | KPIGREEN.NSE | KPI Green Energy Limited | 57.6 |
| 10 | GKENERGY.NSE | GK ENERGY LIMITED | 57.0 |
| 11 | GREENPOWER.NSE | Orient Green Power Company Limited | 56.8 |
| 12 | RELINFRA.NSE | Reliance Infrastructure Limited | 56.5 |
| 13 | ADANIPOWER.NSE | Adani Power Limited | 55.8 |
| 14 | SURANAT&P.NSE | Surana Telecom and Power Limited | 55.6 |
| 15 | TORNTPOWER.NSE | Torrent Power Limited | 55.4 |
| 16 | WAAREERTL.NSE | WAAREE RENEWABLE TECHNOLOGIES LTD | 54.0 |
| 17 | INDIGRID-IV.NSE | India Grid Trust | 53.5 |
| 18 | ADANIENSOL.NSE | Adani Energy Solutions Limited | 52.5 |
| 19 | ATGL.NSE | Adani Total Gas Limited | 52.1 |
| 20 | INOXGREEN.NSE | Inox Green Energy Services Limited | 52.0 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score within the Utilities sector listed in India; use the screener for the full ranked list.