The Top Five EV Stocks 2022 is going to tell you. The demand for electric vehicles is increasing, and the next five years are about to see a boom in the EV sector. the best time to invest in EV stocks. because of the future of electric vehicles. I am going to tell you about the top-ranking EV stocks that support electric vehicles.
EV stock growth is good, and the government is also pushing the EV sector for the EV revolution in the country.
- Data as of 25 Feb 2022
Amara Raja Batteries Ltd.
Amara Raja Batteries Ltd.
is the manufacturing of industrial and automotive batteries. the second-biggest automotive battery manufacturer in India. the company has created Indian-only technology to develop lithium-ion cells.
The company has been a supplier to big companies like Ashok Leyland, Mahindra, and General
Motors, Hindustan Motor & Tata Motors, Fiat, Ford, Honda, Hyundai, Maruti, and Daimler Chrysler.
| Mkt. cap: 8,945 [Cr] | ROE: 16.45% |
| P/E ratio: 13.83 | EPS [TTM]: 35.31 |
| P/B ratio: 2.12 | Div. yield: 1.91% |
| Industry P/E: 38.82 | Book value: 256.11 |
Tata Power Company Ltd.
Tata Power Company Ltd is India’s largest private sector power utility with an installed general capacity of over 2785 MW. The Tata Company has installed over 1,200+ EV charging stations in the country. the Indian power sector with a track record of performance, customer care, and sustained growth.
The services offered by the Tata Company include design and development, direct marketing, power projects, related services, transmission & distribution. the company is also in the power business segment.
| Mkt. cap: 65,281 [Cr] | ROE: 4.79% |
| P/E ratio: 61.50 | EPS [TTM]: 6.13 |
| P/B ratio: 2.93 | Div. yield: 0.76% |
| Industry P/E: 8.85 | Book value: 66.58 |
Greaves Cotton Ltd.
Greaves Cotton Ltd. company is engaged in the manufacturing of diesel and petrol engines, agro equipment, aero engines, lightweight engines, and construction equipment.
Greaves Cotton company is planning to invest 700 crore in the EV sector in the next 10 years as its subsidiary.
| Mkt. cap: 3,701 [Cr] | ROE: -2.38% |
| P/E ratio: 25.62 | EPS [TTM]: -1.66 |
| P/B ratio: 4.72 | Div. yield: 0.13% |
| Industry P/E: 30.07 | Book value: 31.79 |
National Aluminium Company Ltd.
National Aluminium Company Ltd. incorporated in the year 1981, is a mid-cap company (having a market cap of Rs 20,579.46 Crore) operating in metals – non ferrous sector. It has also set up a joint venture with Hindustan Copper Ltd and Mineral Exploration Corporation Ltd. to mine lithium.
A successful NALCO can be one of the biggest EV stocks in the coming years.
| Mkt. cap: 20,579 [Cr] | ROE: 12.58% |
| P/E ratio: 16.08 | EPS [TTM]: 15.50 |
| P/B ratio: 1.93 | Div. yield: 5.35% |
| Industry P/E: 9.76 | Book value: 63.17 |
Olectra Greentech Ltd.
Olectra Greentech Ltd largest manufacturer of electric buses in India. They also plan to manufacture & develop value-added products in the power sector and railways. the company has already invested more than 600 crore. Apart from buses, Olectra Greentech also produces three-wheelers & trucks.
More than the market share of Ashok Leyland and Tata Motor.
| Mkt. cap: 5,233 [Cr] | ROE: 1.10% |
| P/E ratio: 648.00 | EPS [TTM]: 3.38 |
| P/B ratio: 7.06 | Div. yield: NA% |
| Industry P/E: 38.82 | Book value: 90.84 |
Disclaimer:
This article’s content is meant to be informational only; it is not intended to be taken as financial advice. Before deciding what to buy, readers are advised to do their research and speak with a certified financial counselor.