Top Nuclear Energy Stocks in India

India’s rising electricity demand and the growing push for clean energy have brought nuclear energy stocks in India into the spotlight. Currently, the nation’s nuclear power capacity stands at about 8.8 gigawatts, with ambitious plans to scale it up to nearly 100 gigawatts by 2047. Discussions about allowing up to 49% FDI in the nuclear sector have further energized this space. As a result, nuclear power stocks in India are gaining renewed attention from both policymakers and investors.

In this blog, we will explore the top nuclear energy stocks in India 2025, their market performance, business overview, and future growth potential. We’ll also cover the key factors, risks, and strategies investors should know before investing in this emerging sector.

What are Nuclear Energy stocks?

Nuclear energy stocks are shares of companies that are involved in nuclear energy production or related activities. In India, these companies do not directly operate nuclear power plants (as NPCIL does), but are involved in services such as building reactors, supplying equipment, providing EPC (Engineering-Procurement-Construction) services or uranium mining.

This means that if an investor wants to participate in India’s nuclear energy growth story, he or she can buy stocks of companies that are supporting this sector. These stocks have become an indirect but effective way to invest especially when the country plans to expand this sector exponentially over the next decade.

Top 10 Nuclear Energy Stocks in India

Company	Current Market Price (in ₹)	Market Capitalisation (in ₹ crore)	52-Week High (in ₹)	52-Week Low (in ₹)
Larsen & Toubro	4,113	5,65,775	4,195	2,965
NTPC	364	3,53,395	371	293
Tata Power	368	1,17,620	417	326
BHEL	272	94,782	306	176
KSB	718	12,499	918	582
Power Mech Projects	2,207	6,977	3,415	1,699
MTAR Technologies	3,383	10,406	3,449	1,152
WPIL	416	4,067	636	342
Kilburn Engineering	542	2,812	618	327
Amic Forging	1,309	1,407	1,750	850

Read Also: List Of Best PSU Stocks in India

Overview of the Top Nuclear Energy Stocks in India

A brief overview of the Top Nuclear Energy Stocks in India is given below:

1. Larsen & Toubro (L&T)

L&T is one of the few engineering companies in India that is recognized not only in the country but also all over the world. It was started in 1938 by two Danish engineers in Mumbai. Today the company is working in many important areas from infrastructure to defense and nuclear sector. In the case of nuclear power, L&T is an expert in building reactors and manufacturing its necessary parts. Its EPC capabilities are so strong that it is present in many big projects of India. The combination of technology and trust that L&T has made it a strong pillar in the nuclear sector.

Know the Returns: 

1 Year Return	3 Year Return	5 Year Return
22.83%	91.30%	164.10%

2. NTPC Ltd

NTPC was started in 1975 and today it is counted among the largest power generation companies in the country. The company has its roots in thermal power, but now its focus is gradually moving towards nuclear and clean energy. NTPC is also working on the development of “Small Modular Reactors” (SMRs) in India, which is considered to be the nuclear technology of the future. Being a government company, it gets strength at every level from policy making to implementation on the ground. NTPC’s role in the energy transition is going to increase even more in the coming years.

Know the Returns: 

1 Year Return	3 Year Return	5 Year Return
14.96%	119.31%	262.45%

3. Tata Power Company Ltd

Tata Power is counted among the oldest and most trusted power companies in India. It was established in 1912 and since then the company has been constantly exploring new ways of energy. Tata Power is now rapidly moving ahead in renewable and nuclear energy along with conventional electricity. The company has also expressed its interest in small nuclear reactors (SMRs). The confidence of the Tata Group and its long-term vision can make it a strong player in the nuclear sector in the times to come.

Know the Returns: 

1 Year Return	3 Year Return	5 Year Return
0.38%	77.78%	308.65%

4. Bharat Heavy Electricals Ltd (BHEL)

BHEL is a reputed public sector company of India which was established in 1964. This company is known for manufacturing heavy engineering and electrical equipment in the country. In the field of nuclear energy, BHEL has manufactured equipment for many reactors and plants in collaboration with organizations like NPCIL. BHEL has made a major contribution in making turbines, heat exchangers and important parts of the reactor. Decades of experience and technical expertise make it a reliable partner of India’s nuclear mission.

Know the Returns: 

1 Year Return	3 Year Return	5 Year Return
30.31%	257.41%	587.50%

5. KSB Ltd

KSB Ltd. is a German origin company, which has been operating in India for many decades. This company specializes in the manufacture of pumps and valves, which play an extremely important role in nuclear power plants. Its specialty is that it manufactures specialized equipment that can withstand high pressure and temperature. In the nuclear sector, where quality and safety of every component is crucial, the presence of a company like KSB is of great significance. Its engineering quality makes it a reliable part of the nuclear power infrastructure.

Know the Returns: 

1 Year Return	3 Year Return	5 Year Return
4.72%	100.33%	437.57%

6. Power Mech Projects Ltd

Power Mech Projects is a company that does the most important work at the ground level in the power sector – planning, construction and maintenance of projects. It was started in 1982 and today it provides EPC services in all three types of power projects – thermal, hydro and nuclear. The company has experience especially in field operations like erection and commissioning, which are very important in nuclear power plants. Power Mech has become a strong and trusted name in terms of technical expertise and project performance.

Know the Returns: 

1 Year Return	3 Year Return	5 Year Return
8.44%	151.07%	708.48%

7. WPIL Ltd

WPIL Ltd. was established in 1961 and this company mainly manufactures high-tech pumps and fluid systems. The special thing is that it manufactures pumps and systems that are used in nuclear reactors. The company’s engineering team designs and manufactures nuclear-grade quality. Its focus is always on precision, durability and safe operation. In view of the increasing needs of India’s nuclear projects, the role of WPIL is also increasing rapidly.

Know the Returns: 

1 Year Return	3 Year Return	5 Year Return
-30.29%	249.37%	554.44%

8. MTAR Technologies Ltd

MTAR Technologies was started in Hyderabad in the 1970s. This company manufactures extremely precise and high-performance machinery especially for the defense, space and nuclear sectors. In the field of nuclear, it manufactures components for Fast Breeder Reactors and Small Modular Reactors. Its biggest feature is its clean-room manufacturing capability, which puts it in the league of very few companies. MTAR’s contribution to India’s advanced nuclear technology is constantly increasing.

Know the Returns: 

1 Year Return	3 Year Return	5 Year Return
119.09%	96.79%	222.47%

9. Kilburn Engineering Ltd

Kilburn Engineering is a company that speaks less but does a lot. It was founded in the 1950s and has been manufacturing special machines and industrial equipment ever since. The company has always focused on technology that lasts a long time and performs well even under difficult conditions. Kilburn’s role in the nuclear sector may not be directly visible, but the heat exchangers and thermal systems it manufactures are the “backbone” of the reactor without which no power plant can function. The company is one of the few entities that is quietly shouldering a huge responsibility.

Know the Returns: 

1 Year Return	3 Year Return	5 Year Return
33.58%	596.08%	2,370.39%

10. AMIC Forging Ltd

AMIC Forging is an old and trusted manufacturing company that started in Pune in 1934. The company specializes primarily in forging and precision machining. It manufactures critical parts for the nuclear sector that can withstand extreme pressures and temperatures such as shafts, flanges and couplings. Its specialty is decades of industrial experience and the flexibility due to which it has become a part of many strategic infrastructure projects. If we talk about a strong and durable mechanical component in India, the name of AMIC definitely comes up.

Know the Returns: 

1 Year Return	3 Year Return	5 Year Return
-3.13%	442.61%	442.61%

Key Performance Indicators (KPIs)

Company	Operating Margin (%)	Net Profit Margin (%)	ROE (%)	ROCE (%)	Debt to Equity
Larsen & Toubro	10.33	6.91	15.39	14.89	1.33
NTPC	20.96	11.55	12.72	9.40	1.34
Tata Power	17.29	6.08	11.07	10.18	1.62
BHEL	5.06	1.67	2.15	3.60	0.36
KSB	12.63	9.24	16.66	20.68	0.00
Power Mech Projects	11.33	6.69	15.11	23.27	0.33
MTAR Technologies	13.86	7.82	7.25	11.15	0.24
WPIL	16.40	6.50	9.62	16.77	0.32
Kilburn Engineering	22.81	14.69	13.20	18.12	0.19
Amic Forging	37.78	29.30	28.58	36.63	0.00

Read Also: Best Multibagger PSU Stocks in India

Key Factors to Consider Before Investing in Nuclear Energy Stocks

• Clarity related to government policies : Nuclear energy is a sector that is completely dependent on the policy and plan of the government. If a company is getting orders from central government projects or is associated with organizations like NPCIL, then this can be a positive sign. Before investing, it is important to understand how important the role of the company is in these government initiatives.
• Long-term patience is necessary : Nuclear projects are not completed in a year or two. Sometimes it takes 8–10 years to build a power plant. This means that a person investing in these companies should not expect immediate returns – long-term thinking and patience are most important here.
• Impact of uranium prices : India currently buys most of its uranium needs from abroad. So when its prices rise in the international market, it has a direct impact on the cost. This can also affect the earnings of companies especially if they are directly involved in production.
• ESG and geopolitical risks : Nuclear energy may be known as clean energy, but global developments like ESG (Environmental, Social, Governance) standards and war definitely affect this sector. Therefore, it is equally important to know how the company is managing these risks.
• Understand India’s current strategy : The Indian government has recently planned to install 10 new Pressurised Heavy Water Reactors (PHWRs), and work has also started on SMRs i.e. Small Modular Reactors. Companies that are part of these plans may have good prospects for the long term.

Risks Involved in Investing in Nuclear Stocks

• Technical complexity and safety risks : Nuclear energy is based on high-sensitive technology. Any technical or safety lapse in the reactor can become a major problem. This not only affects the project, but can also lead to a drop in the company’s image and share price.
• High cost, slow profit : Investment in nuclear projects is huge, but returns take years to come. Companies have to work without stable income for a long time, which can increase financial pressure.
• Lack of direct exposure : Most companies in India are not directly involved in nuclear power generation. They provide supply chain or engineering services, due to which investors do not get complete exposure to the nuclear sector.
• Global supply and uranium price : India imports most of its uranium. Any disruption in global supply or surge in price can directly affect the cost and profitability of companies.

Read Also: Top 10 Most Expensive Stocks in India

How to invest in Nuclear Energy stocks?

Choose the right platform : Choosing a reliable and feature-rich broking platform is the first step to investing in the nuclear sector.

Start investing with Pocketful

If you want to start investing in nuclear energy stocks the smart way, Pocketful is a great choice.

• ₹0 account opening charges
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• MTF (Margin Trading Facility) facility starting at 5.99%
• Pocketful’s Alpha AI for AI portfolio insights and strategy building.

Research the stocks : Before investing, it is important to understand which companies are directly or indirectly associated with the nuclear sector. Companies like L&T, NTPC, MTAR are active in this sector. Read their business models, projects and future prospects.

Have a long-term perspective : Investing in Nuclear power is a long-term play. The returns also come slowly over time. Therefore, it is important to make a clear strategy and be patient before investing.

Read Also: Best Cloud Computing Stocks in India

Conclusion

Nuclear energy is steadily becoming a crucial pillar of India’s energy strategy. Rising demand, supportive policies, and technological progress have pushed the sector to a decisive stage, where the role of participating companies is set to expand further. At the same time, investors must be mindful of the unique risks involved. With long-term growth prospects ahead, keeping track of nuclear sector developments could prove to be a smart move. It is advised to consult a financial advisor before investing in nuclear energy stocks.

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