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Indian (NIFTY) Electrical Industry Analysis

UpdatedApr 18, 2025
DataAggregated Company Financials
Companies123
  • 7D9.4%
  • 3M-9.8%
  • 1Y4.8%
  • YTD-18.1%

In the last week, the Electrical industry is up 8.0%, with ABB India leading the way with a 11% gain. This takes the industry's 12 month performance to a gain of 3.7%. 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, 18 Apr 2025₹9.6t₹2.2t₹164.3b37.9x58.2x4.4x
Sun, 16 Mar 2025₹8.8t₹2.2t₹163.7b33.2x53.8x4.1x
Tue, 11 Feb 2025₹9.6t₹2.2t₹160.6b40.4x59.6x4.5x
Thu, 09 Jan 2025₹11.0t₹2.0t₹153.1b50.8x72.1x5.4x
Sat, 07 Dec 2024₹11.8t₹2.0t₹152.7b50.9x77.4x5.8x
Mon, 04 Nov 2024₹11.4t₹2.0t₹156.5b47.9x73x5.7x
Wed, 02 Oct 2024₹12.4t₹1.9t₹149.7b50.6x82.7x6.4x
Fri, 30 Aug 2024₹11.9t₹1.9t₹149.4b54.7x79.4x6.1x
Sun, 28 Jul 2024₹11.5t₹1.9t₹139.6b53.8x82.7x6.1x
Tue, 25 Jun 2024₹11.4t₹1.8t₹135.8b49.2x84.1x6.2x
Thu, 23 May 2024₹10.7t₹1.8t₹134.2b47.2x79.9x5.9x
Sat, 20 Apr 2024₹8.9t₹1.8t₹120.0b39x74.5x5.1x
Mon, 18 Mar 2024₹7.9t₹1.8t₹119.2b33.6x66.6x4.5x
Wed, 14 Feb 2024₹7.5t₹1.7t₹120.5b39x62.6x4.3x
Fri, 12 Jan 2024₹7.6t₹1.7t₹111.0b39x68.1x4.5x
Sun, 10 Dec 2023₹7.1t₹1.7t₹110.8b36.5x64.1x4.2x
Tue, 07 Nov 2023₹6.3t₹1.7t₹105.7b36.4x59.4x3.7x
Thu, 05 Oct 2023₹6.3t₹1.6t₹98.6b37x63.8x3.8x
Sat, 02 Sep 2023₹6.1t₹1.6t₹97.3b34.3x62.8x3.9x
Mon, 31 Jul 2023₹5.6t₹1.6t₹94.6b30.7x59.5x3.6x
Wed, 28 Jun 2023₹5.1t₹1.5t₹113.4b28x44.7x3.3x
Fri, 26 May 2023₹4.5t₹1.5t₹83.9b24.1x53.8x3.1x
Sun, 23 Apr 2023₹4.0t₹1.4t₹76.9b22.8x52x2.8x
Tue, 21 Mar 2023₹3.8t₹1.4t₹77.0b18.9x49.8x2.7x
Thu, 16 Feb 2023₹3.9t₹1.4t₹77.0b20.1x50.3x2.7x
Sat, 14 Jan 2023₹3.8t₹1.4t₹77.0b23x48.8x2.7x
Mon, 12 Dec 2022₹3.8t₹1.4t₹76.9b22.1x49.1x2.7x
Wed, 09 Nov 2022₹3.8t₹1.4t₹79.7b23.4x47.7x2.7x
Fri, 07 Oct 2022₹3.7t₹1.4t₹79.0b23.4x46.8x2.7x
Sun, 04 Sep 2022₹3.7t₹1.4t₹79.0b21.2x46.3x2.7x
Tue, 02 Aug 2022₹3.4t₹1.3t₹75.9b20.4x44.5x2.6x
Thu, 30 Jun 2022₹3.0t₹1.3t₹72.9b19.3x40.5x2.4x
Sat, 28 May 2022₹3.0t₹1.2t₹73.5b18.2x41x2.4x
Mon, 25 Apr 2022₹3.2t₹1.2t₹61.4b19.1x52x2.7x
Price to Earnings Ratio

52x


Total Market Cap: ₹3.2tTotal Earnings: ₹61.4bTotal Revenue: ₹1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electrical Industry Price to Earnings3Y Average 60.4x202320242025
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 57.4x which is lower than its 3-year average PE of 60.4x.
  • The industry is trading close to its 3-year average PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 39% 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 Market6.50%
Industrials7.45%
Electrical9.44%
Heavy Electrical Equipment10.56%
Electrical Components8.48%
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 123x.
    • Analysts are expecting annual earnings growth of 38.1%, 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 45.3x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 38% 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 21% 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
500002 ABB India₹5.57k10.6%
+₹113.0b
-12.6%PE62.9x
HAVELLS Havells India₹1.64k11.5%
+₹105.8b
9.7%PE73.3x
CGPOWER CG Power and Industrial Solutions₹619.8512.5%
+₹105.3b
17.2%PE101.2x
POWERINDIA Hitachi Energy India₹13.21k16.3%
+₹82.6b
59.3%PE187.6x
500103 Bharat Heavy Electricals₹227.507.4%
+₹54.7b
-10.1%PE152.6x
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