Have your own idea? Try our Stock Screener
Indian (NIFTY) Electrical Industry Analysis
UpdatedNov 05, 2025
DataAggregated Company Financials
Companies128
- 7D4.3%
- 3M5.0%
- 1Y0.7%
- YTD0.1%
The Electrical industry is up 4.3% in the last week, with Hitachi Energy India up 21%. During this same period, the Transformers and Rectifiers (India) underperformed, falling 8.1%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Indian Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 05 Nov 2025 | ₹12.6t | ₹2.5t | ₹208.2b | 39.3x | 60.5x | 5.1x |
| Fri, 03 Oct 2025 | ₹12.2t | ₹2.4t | ₹196.5b | 36.1x | 62x | 5x |
| Sun, 31 Aug 2025 | ₹11.7t | ₹2.4t | ₹195.0b | 36x | 60.2x | 4.8x |
| Tue, 29 Jul 2025 | ₹11.8t | ₹2.3t | ₹191.7b | 39.6x | 61.3x | 5x |
| Thu, 26 Jun 2025 | ₹11.9t | ₹2.2t | ₹179.3b | 39.3x | 66.4x | 5.3x |
| Sat, 24 May 2025 | ₹10.7t | ₹2.3t | ₹170.5b | 37x | 62.5x | 4.7x |
| Mon, 21 Apr 2025 | ₹9.6t | ₹2.2t | ₹164.3b | 37.9x | 58.2x | 4.4x |
| Wed, 19 Mar 2025 | ₹9.2t | ₹2.2t | ₹163.7b | 33.6x | 56.1x | 4.2x |
| Fri, 14 Feb 2025 | ₹9.3t | ₹2.2t | ₹160.8b | 38.7x | 57.8x | 4.3x |
| Sun, 12 Jan 2025 | ₹10.5t | ₹2.1t | ₹153.5b | 48.1x | 68.3x | 5.1x |
| Tue, 10 Dec 2024 | ₹11.9t | ₹2.0t | ₹152.7b | 52.7x | 77.8x | 5.8x |
| Thu, 07 Nov 2024 | ₹11.5t | ₹2.0t | ₹157.3b | 50.4x | 73.3x | 5.7x |
| Sat, 05 Oct 2024 | ₹12.0t | ₹1.9t | ₹149.8b | 51.3x | 79.9x | 6.2x |
| Mon, 02 Sep 2024 | ₹11.9t | ₹1.9t | ₹149.4b | 54.2x | 79.7x | 6.1x |
| Wed, 31 Jul 2024 | ₹11.7t | ₹1.9t | ₹140.1b | 54.2x | 83.5x | 6.2x |
| Fri, 28 Jun 2024 | ₹11.4t | ₹1.8t | ₹135.8b | 46.5x | 84.1x | 6.2x |
| Sun, 26 May 2024 | ₹10.8t | ₹1.8t | ₹133.6b | 44.4x | 81x | 5.9x |
| Tue, 23 Apr 2024 | ₹8.9t | ₹1.8t | ₹120.6b | 39.9x | 74.1x | 5.1x |
| Thu, 21 Mar 2024 | ₹7.9t | ₹1.8t | ₹119.2b | 33.5x | 66.5x | 4.5x |
| Sat, 17 Feb 2024 | ₹7.8t | ₹1.7t | ₹118.2b | 40.1x | 65.9x | 4.5x |
| Mon, 15 Jan 2024 | ₹7.4t | ₹1.7t | ₹111.1b | 39.2x | 66.5x | 4.3x |
| Wed, 13 Dec 2023 | ₹7.1t | ₹1.7t | ₹110.8b | 36.3x | 64.5x | 4.2x |
| Fri, 10 Nov 2023 | ₹6.3t | ₹1.7t | ₹107.0b | 35.7x | 59.1x | 3.8x |
| Sun, 08 Oct 2023 | ₹6.3t | ₹1.6t | ₹98.6b | 36.8x | 63.9x | 3.8x |
| Tue, 05 Sep 2023 | ₹6.1t | ₹1.6t | ₹95.7b | 35.5x | 64x | 3.9x |
| Thu, 03 Aug 2023 | ₹5.6t | ₹1.6t | ₹95.1b | 30.7x | 58.7x | 3.6x |
| Sat, 01 Jul 2023 | ₹5.2t | ₹1.5t | ₹113.4b | 27.4x | 45.5x | 3.4x |
| Mon, 29 May 2023 | ₹4.6t | ₹1.5t | ₹82.9b | 23.3x | 55.5x | 3.1x |
| Wed, 26 Apr 2023 | ₹4.1t | ₹1.4t | ₹76.9b | 22.6x | 53.1x | 2.8x |
| Fri, 24 Mar 2023 | ₹3.9t | ₹1.4t | ₹77.0b | 18.2x | 50.7x | 2.7x |
| Sun, 19 Feb 2023 | ₹3.9t | ₹1.4t | ₹77.0b | 20.7x | 50.6x | 2.7x |
| Tue, 17 Jan 2023 | ₹3.7t | ₹1.4t | ₹77.0b | 23.5x | 48.7x | 2.7x |
| Thu, 15 Dec 2022 | ₹3.8t | ₹1.4t | ₹76.9b | 23.2x | 49.9x | 2.7x |
| Sat, 12 Nov 2022 | ₹3.8t | ₹1.4t | ₹78.8b | 22.7x | 48.1x | 2.7x |
Price to Earnings Ratio
48.1x
Current Industry PE
- Investors are relatively neutral on the Indian Electrical industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 63.3x.
- The 3-year average PS ratio of 4.4x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 21% 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 Market | -0.28% | |
| Industrials | 0.80% | |
| Electrical | 4.25% | |
| Heavy Electrical Equipment | 7.38% | |
| Electrical Components | 0.90% | |
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 122x.
- Analysts are expecting annual earnings growth of 28.3%, which is lower than the prior year's growth of 53.6% per year.
- Investors are most pessimistic about the Electrical Components industry, which is trading close to its 3-year average of 48.8x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 28% over the next 5 years.
- However this is lower than its past earnings growth rate of 54% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 20% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| POWERINDIA Hitachi Energy India | ₹20.46k | 17.0% +₹132.6b | 38.1% | PE127.1x | |
| 500103 Bharat Heavy Electricals | ₹267.20 | 8.8% +₹75.4b | 7.7% | PE166.6x | |
| ENRIN Siemens Energy India | ₹3.25k | 3.5% +₹39.6b | n/a | PE87.9x | |
| SUZLON Suzlon Energy | ₹59.99 | 3.1% +₹24.7b | -13.5% | PE39.3x | |
| 533553 TD Power Systems | ₹820.00 | 22.6% +₹23.6b | 87.2% | PE61.5x |
