Abstract—This study uses a thorough examination of financial metrics to assess the long-term stock performance of two well-known Indian power generation companies, Adani Power and Reliance Power. The study contrasts the financial standing of the businesses in terms of solvency, liquidity, profitability, and efficiency. This study collects secondary data. The report offers a thorough evaluation of Adani Power and Reliance Power's long-term investment potential by examining historical data and projecting future possibilities. For investors looking to make well-informed choices regarding these companies in the Indian power generation sector, the findings provide insightful information.