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Indian (NIFTY) Electrical Industry Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies133
  • 7D3.1%
  • 3M-2.9%
  • 1Y19.7%
  • YTD2.6%

The Electrical industry is up 2.8% in the last week, with Hitachi Energy India up 18%. This means that the industry has gained 20% over the past year. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

Has the Indian Electrical Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Feb 2026₹12.2t₹2.7t₹240.7b26.3x50.7x4.5x
Sun, 11 Jan 2026₹11.4t₹2.6t₹225.0b26.8x50.8x4.4x
Tue, 09 Dec 2025₹11.5t₹2.6t₹223.4b30.5x51.6x4.5x
Thu, 06 Nov 2025₹12.6t₹2.5t₹208.3b39.3x60.4x5x
Sat, 04 Oct 2025₹12.3t₹2.5t₹199.2b37x61.8x5x
Mon, 01 Sep 2025₹11.7t₹2.4t₹195.0b36x60.2x4.8x
Wed, 30 Jul 2025₹11.9t₹2.3t₹191.7b39.9x62.2x5.1x
Fri, 27 Jun 2025₹12.0t₹2.2t₹179.1b42.5x66.9x5.3x
Sun, 25 May 2025₹10.7t₹2.2t₹170.4b37.6x62.5x4.7x
Tue, 22 Apr 2025₹9.8t₹2.2t₹164.3b38.3x59.6x4.5x
Thu, 20 Mar 2025₹9.4t₹2.2t₹163.7b35.4x57.5x4.3x
Sat, 15 Feb 2025₹9.0t₹2.2t₹160.5b36.5x56x4.2x
Mon, 13 Jan 2025₹10.5t₹2.1t₹153.5b48.1x68.3x5.1x
Wed, 11 Dec 2024₹11.9t₹2.0t₹152.7b52.6x78.2x5.8x
Fri, 08 Nov 2024₹11.4t₹2.0t₹157.3b49.8x72.4x5.6x
Sun, 06 Oct 2024₹12.0t₹1.9t₹149.8b51.3x79.9x6.2x
Tue, 03 Sep 2024₹11.7t₹1.9t₹149.6b55.3x78.5x6x
Thu, 01 Aug 2024₹11.7t₹1.9t₹140.1b53.6x83.8x6.2x
Sat, 29 Jun 2024₹11.4t₹1.8t₹135.9b46.9x83.7x6.2x
Mon, 27 May 2024₹10.8t₹1.8t₹133.6b44.4x81x5.9x
Wed, 24 Apr 2024₹9.2t₹1.8t₹120.6b44.7x76.1x5.2x
Fri, 22 Mar 2024₹8.2t₹1.8t₹119.2b34x69x4.7x
Sun, 18 Feb 2024₹7.8t₹1.7t₹118.2b40.1x65.9x4.5x
Tue, 16 Jan 2024₹7.4t₹1.7t₹111.1b39.3x66.9x4.4x
Thu, 14 Dec 2023₹7.2t₹1.7t₹110.8b37.7x65.2x4.3x
Sat, 11 Nov 2023₹6.3t₹1.7t₹112.1b35.5x56.6x3.8x
Mon, 09 Oct 2023₹6.3t₹1.6t₹98.6b36.8x63.9x3.8x
Wed, 06 Sep 2023₹6.2t₹1.6t₹95.7b35.2x64.6x3.9x
Fri, 04 Aug 2023₹5.6t₹1.6t₹95.1b30.8x58.7x3.6x
Sun, 02 Jul 2023₹5.2t₹1.5t₹113.4b27.4x45.5x3.4x
Tue, 30 May 2023₹4.6t₹1.5t₹82.8b23.5x55.7x3.1x
Thu, 27 Apr 2023₹4.1t₹1.4t₹77.2b22.3x53.4x2.9x
Sat, 25 Mar 2023₹3.8t₹1.4t₹77.0b18x50x2.7x
Mon, 20 Feb 2023₹3.9t₹1.4t₹77.0b20.7x50.6x2.7x
Price to Earnings Ratio

50.6x


Total Market Cap: ₹3.9tTotal Earnings: ₹77.0bTotal Revenue: ₹1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electrical Industry Price to Earnings3Y Average 63.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 50.9x which is lower than its 3-year average PE of 63.7x.
  • The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 46% per year over the last three years.
  • Revenues for these companies have grown 24% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Industrials industry?

IN Market1.26%
Industrials1.89%
Electrical3.09%
Heavy Electrical Equipment3.28%
Electrical Components2.87%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry even though it's trading below its 3-year average PE ratio of 112x.
    • Analysts are expecting annual earnings growth of 26.6%, which is lower than the prior year's growth of 50.9% per year.
  • Investors are most pessimistic about the Electrical Components industry, which is trading below its 3-year average of 49.8x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 27% over the next 5 years.
  • However this is lower than its past earnings growth rate of 51% per year.
  • In contrast, the Electrical Components industry is expected to see its earnings grow by 18% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
POWERINDIA Hitachi Energy India₹22.70k18.2%
+₹156.1b		93.1%PE120.3x
ENRIN Siemens Energy India₹2.73k5.1%
+₹47.2b		n/aPE88.4x
POLYCAB Polycab India₹7.77k3.1%
+₹34.9b		39.9%PE44.5x
HAVELLS Havells India₹1.40k3.7%
+₹31.6b		-8.0%PE59.1x
CGPOWER CG Power and Industrial Solutions₹685.102.6%
+₹26.9b		18.2%PE97x

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