Header cover image

Indian (NIFTY) Electrical Industry Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies121
  • 7D-0.2%
  • 3M-15.5%
  • 1Y13.5%
  • YTD-20.0%

Last week, the Electrical industry hasn't moved much but Polycab India is up 7.8% in that time. The past year has been better, since the industry has gained 14% in that time. As for the next few years, earnings are expected to grow by 29% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025₹9.3t₹2.2t₹163.2b36.1x57x4.3x
Sun, 19 Jan 2025₹10.5t₹2.1t₹153.3b47.1x68.7x5.1x
Tue, 17 Dec 2024₹12.0t₹2.0t₹152.5b55.7x78.8x5.9x
Thu, 14 Nov 2024₹10.5t₹2.0t₹152.7b47x68.9x5.2x
Sat, 12 Oct 2024₹12.6t₹1.9t₹150.2b50.3x84x6.5x
Mon, 09 Sep 2024₹11.5t₹1.9t₹149.6b54.8x77.1x5.9x
Wed, 07 Aug 2024₹11.1t₹1.9t₹141.8b50.9x78.1x5.8x
Fri, 05 Jul 2024₹11.8t₹1.9t₹136.0b51.6x86.9x6.4x
Sun, 02 Jun 2024₹10.7t₹1.8t₹136.0b44.4x78.9x5.8x
Tue, 30 Apr 2024₹9.5t₹1.8t₹120.4b44.7x78.7x5.4x
Thu, 28 Mar 2024₹8.5t₹1.8t₹119.2b35.5x71.3x4.8x
Sat, 24 Feb 2024₹8.0t₹1.8t₹118.6b39.2x67.7x4.6x
Mon, 22 Jan 2024₹7.5t₹1.7t₹111.7b41.3x66.8x4.4x
Wed, 20 Dec 2023₹7.3t₹1.7t₹110.8b39x65.7x4.3x
Fri, 17 Nov 2023₹6.4t₹1.7t₹110.8b36.6x58.1x3.8x
Sun, 15 Oct 2023₹6.3t₹1.6t₹98.7b37.3x63.7x3.8x
Tue, 12 Sep 2023₹6.3t₹1.6t₹95.9b35.6x65.7x4x
Thu, 10 Aug 2023₹5.7t₹1.6t₹94.1b33.2x60.7x3.6x
Sat, 08 Jul 2023₹5.3t₹1.5t₹113.4b29.4x46.4x3.4x
Mon, 05 Jun 2023₹4.8t₹1.5t₹113.2b24.6x42.7x3.2x
Wed, 03 May 2023₹4.2t₹1.4t₹77.2b22.6x53.9x2.9x
Fri, 31 Mar 2023₹3.9t₹1.4t₹77.0b18x50.4x2.7x
Sun, 26 Feb 2023₹3.9t₹1.4t₹77.0b19.9x50x2.7x
Tue, 24 Jan 2023₹3.8t₹1.4t₹78.0b23.6x48.6x2.7x
Thu, 22 Dec 2022₹3.7t₹1.4t₹76.9b22.3x47.6x2.6x
Sat, 19 Nov 2022₹3.7t₹1.4t₹78.7b21.7x47.1x2.6x
Mon, 17 Oct 2022₹3.6t₹1.4t₹79.1b23.1x45.8x2.7x
Wed, 14 Sep 2022₹3.7t₹1.4t₹79.0b24.3x47.1x2.7x
Fri, 12 Aug 2022₹3.4t₹1.3t₹79.7b20.2x43x2.5x
Sun, 10 Jul 2022₹3.1t₹1.3t₹72.8b19.8x43.1x2.5x
Tue, 07 Jun 2022₹3.1t₹1.3t₹72.8b19.8x42.5x2.5x
Thu, 05 May 2022₹3.0t₹1.2t₹52.5b20.6x57.9x2.6x
Sat, 02 Apr 2022₹3.1t₹1.2t₹61.4b18.5x49.9x2.6x
Mon, 28 Feb 2022₹2.9t₹1.2t₹60.1b17x48.4x2.5x
Price to Earnings Ratio

48.4x


Total Market Cap: ₹2.9tTotal Earnings: ₹60.1bTotal Revenue: ₹1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electrical Industry Price to Earnings3Y Average 60.1x202320242025
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 57.0x which is lower than its 3-year average PE of 60.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 40% per year over the last three years.
  • Revenues for these companies have grown 23% 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-0.74%
Industrials-1.45%
Electrical-0.19%
Electrical Components0.88%
Heavy Electrical Equipment-1.45%
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 115x.
    • Analysts are expecting annual earnings growth of 36.2%, which is lower than the prior year's growth of 48.2% per year.
  • Investors are most pessimistic about the Electrical Components industry, which is trading close to its 3-year average of 44.5x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 36% over the next 5 years.
  • However this is lower than its past earnings growth rate of 48% per year.
  • In contrast, the Electrical Components industry is expected to see its earnings grow by 22% 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
POLYCAB Polycab India₹5.84k7.8%
+₹63.8b
21.6%PE47.8x
CGPOWER CG Power and Industrial Solutions₹589.956.8%
+₹57.5b
36.0%PE96.3x
SUZLON Suzlon Energy₹55.177.9%
+₹55.0b
22.9%PE65.8x
517569 KEI Industries₹3.85k12.7%
+₹41.5b
21.9%PE57.6x
HAVELLS Havells India₹1.52k1.5%
+₹13.8b
6.4%PE68x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

INDOTECH

₹2,025.70

Indo Tech Transformers

7D

-4.2%

1Y

82.5%

QUADFUTURE

₹469.65

Quadrant Future Tek

7D

-7.5%

1Y

n/a

500008

₹1,015.35

Amara Raja Energy & Mobility

7D

6.4%

1Y

18.8%

FINCABLES

₹914.95

Finolex Cables

7D

-2.1%

1Y

-6.7%

517271

₹478.05

HBL Engineering

7D

-4.6%

1Y

-7.0%

HAVELLS

₹1,520.30

Havells India

7D

1.5%

1Y

6.4%

522275

₹1,415.90

GE Vernova T&D India

7D

-4.0%

1Y

70.5%

532930

₹96.50

BGR Energy Systems

7D

-16.0%

1Y

12.9%

503960

₹2,774.70

Bharat Bijlee

7D

-6.0%

1Y

-2.9%

500103

₹196.30

Bharat Heavy Electricals

7D

1.6%

1Y

-14.6%

UEL

₹503.60

Ujaas Energy

7D

-5.0%

1Y

n/a