Here's Why We Think Polycab India (NSE:POLYCAB) Is Well Worth Watching
Nov 17
Indian (NIFTY) Electrical Industry Analysis
UpdatedNov 28, 2022
DataAggregated Company Financials
Companies94
- 7D2.5%
- 3M5.6%
- 1Y21.8%
- YTD13.0%
In the last week, the Electrical industry is up 2.5%, with Diamond Power Infrastructure up 0%. This means that the industry has gained 22% over the past year. Earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Mon, 28 Nov 2022 | ₹3.8t | ₹1.4t | ₹79.0b | 21.6x | 48x | 2.7x |
| Wed, 26 Oct 2022 | ₹3.7t | ₹1.4t | ₹79.0b | 23.3x | 46.3x | 2.7x |
| Fri, 23 Sep 2022 | ₹3.7t | ₹1.4t | ₹79.0b | 22.4x | 46.4x | 2.7x |
| Sun, 21 Aug 2022 | ₹3.5t | ₹1.4t | ₹79.0b | 20.2x | 44.2x | 2.6x |
| Tue, 19 Jul 2022 | ₹3.2t | ₹1.3t | ₹72.8b | 20x | 43.5x | 2.5x |
| Thu, 16 Jun 2022 | ₹2.9t | ₹1.2t | ₹72.8b | 20.3x | 40.4x | 2.4x |
| Sat, 14 May 2022 | ₹3.0t | ₹1.2t | ₹52.8b | 18.5x | 56.8x | 2.5x |
| Mon, 11 Apr 2022 | ₹3.3t | ₹1.2t | ₹61.4b | 19.4x | 53.1x | 2.8x |
| Wed, 09 Mar 2022 | ₹2.8t | ₹1.2t | ₹60.1b | 17.4x | 46.9x | 2.4x |
| Fri, 04 Feb 2022 | ₹3.2t | ₹1.1t | ₹57.9b | 23.2x | 55.4x | 2.8x |
| Sun, 02 Jan 2022 | ₹3.3t | ₹1.1t | ₹37.9b | 22.5x | 86.3x | 2.9x |
| Tue, 30 Nov 2021 | ₹3.0t | ₹1.1t | ₹37.9b | 19.8x | 80x | 2.7x |
| Thu, 28 Oct 2021 | ₹3.0t | ₹1.1t | ₹22.9b | 28.9x | 132.4x | 2.8x |
| Sat, 25 Sep 2021 | ₹2.9t | ₹1.0t | ₹21.5b | 27.7x | 132.7x | 2.8x |
| Mon, 23 Aug 2021 | ₹2.5t | ₹1.0t | ₹21.8b | 23.2x | 115x | 2.4x |
| Sat, 10 Jul 2021 | ₹2.5t | ₹1.0t | ₹21.8b | 22.3x | 113.2x | 2.4x |
| Fri, 02 Apr 2021 | ₹2.1t | ₹943.1b | ₹9.5b | 19.3x | 222.2x | 2.2x |
| Mon, 04 Jan 2021 | ₹1.8t | ₹868.2b | -₹6,112,053,990.00 | 19.8x | -292.6x | 2.1x |
| Thu, 08 Oct 2020 | ₹1.4t | ₹882.1b | -₹9,165,412,572.00 | 16.5x | -147.6x | 1.5x |
| Wed, 01 Jul 2020 | ₹1.3t | ₹915.2b | ₹3.0b | 15.2x | 430.8x | 1.4x |
| Sat, 04 Apr 2020 | ₹1.1t | ₹1.0t | ₹22.7b | 11.7x | 46.9x | 1x |
| Tue, 07 Jan 2020 | ₹1.6t | ₹1.2t | ₹42.8b | 12.9x | 36.6x | 1.3x |
Price to Earnings Ratio
27.5x
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 48.0x which is lower than its 3-year average PE of 60.9x.
- The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 9.1% per year over the last three years.
- Revenues for these companies have grown 5.5% 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 | 0.87% | |
| Industrials | 0.53% | |
| Electrical | 2.54% | |
| Heavy Electrical Equipment | 3.45% | |
| Electrical Components | 2.07% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 31.6%, which is lower than the prior year's growth of 48.0% per year.
- Investors are most pessimistic about the Electrical Components industry, which is trading close to its 3-year average of 37.0x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 32% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 522163 Diamond Power Infrastructure | ₹194.00 | 0% ₹51.8b | 165.8% | PE-210.2x | |
| 500103 Bharat Heavy Electricals | ₹81.95 | 15.9% +₹39.2b | 37.8% | PE37.4x | |
| 500093 CG Power and Industrial Solutions | ₹281.10 | 7.4% +₹29.5b | 87.2% | PE44.5x | |
| HAVELLS Havells India | ₹1.25k | 2.0% +₹15.6b | -6.1% | PE71.7x | |
| FINCABLES Finolex Cables | ₹566.25 | 6.6% +₹5.3b | 2.3% | PE16x |