This study examines the risk-adjusted performance of selected Indian companies Tata Power, Adani Green, Inox, Borosil, and NTPC over a seven-year period from 2018 to 2024. By analyzing share prices, annual returns, and volatility, this research employs the Sharpe Ratio to assess each company's return relative to its risk. The Sharpe Ratio, which measures excess return per unit of risk, is calculated using the average annual returns, standard deviation, and a risk-free rate of 6%, reflecting typical returns on government securities in India. Our analysis reveals a range of Sharpe Ratios among the companies, with Tata Power displaying the highest risk-adjusted return (Sharpe Ratio of 0.54) and NTPC showing a negative Sharpe Ratio (-4.13), indicating that its returns fail to offset the risk taken. The findings highlight significant differences in risk-adjusted returns across the selected companies, providing insights into which investments yield favorable returns for the level of risk involved. This research contributes to the understanding of risk-adjusted performance metrics in the context of the Indian stock market and offers valuable guidance for investors seeking optimal returns in high-risk sectors.