Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Electrical Components Industry Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies106
  • 7D-1.2%
  • 3M2.3%
  • 1Y18.9%
  • YTDn/a

Over the last 7 days, the Electrical Components industry has dropped 1.2%, driven by Polycab India declining 13%. In contrast, CG Power and Industrial Solutions has gained 5.2%. This takes the industry's 12 month performance to a gain of 19%. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Mar 2026₹5.6t₹1.8t₹128.6b22.5x43.9x3.2x
Sat, 07 Feb 2026₹5.6t₹1.8t₹125.9b24.3x44.5x3.2x
Mon, 05 Jan 2026₹5.8t₹1.7t₹120.3b27.7x48.1x3.4x
Wed, 03 Dec 2025₹5.6t₹1.7t₹118.9b30.2x47x3.4x
Fri, 31 Oct 2025₹6.0t₹1.6t₹112.5b33.6x53x3.8x
Sun, 28 Sep 2025₹5.8t₹1.6t₹108.1b33.4x53.6x3.7x
Tue, 26 Aug 2025₹5.7t₹1.6t₹107.4b33.6x53x3.7x
Thu, 24 Jul 2025₹5.7t₹1.5t₹108.7b36.5x52.9x3.8x
Sat, 21 Jun 2025₹5.4t₹1.5t₹107.1b35.4x50.4x3.6x
Mon, 19 May 2025₹5.5t₹1.5t₹110.2b34.1x49.8x3.7x
Wed, 16 Apr 2025₹5.0t₹1.4t₹105.5b34.6x47.2x3.5x
Fri, 14 Mar 2025₹4.7t₹1.4t₹104.9b30.4x44.7x3.3x
Sun, 09 Feb 2025₹5.4t₹1.4t₹104.0b38.4x51.8x3.8x
Tue, 07 Jan 2025₹6.0t₹1.4t₹103.6b43.8x58.2x4.4x
Thu, 05 Dec 2024₹6.3t₹1.4t₹103.3b44.5x61.2x4.6x
Sat, 02 Nov 2024₹6.0t₹1.4t₹109.5b44.9x55.2x4.4x
Mon, 30 Sep 2024₹6.5t₹1.3t₹108.3b48.4x59.8x4.9x
Wed, 28 Aug 2024₹6.4t₹1.3t₹108.1b47.6x58.9x4.8x
Fri, 26 Jul 2024₹6.2t₹1.3t₹102.7b46x60.1x4.8x
Sun, 23 Jun 2024₹6.2t₹1.3t₹101.1b45.2x61.1x4.9x
Tue, 21 May 2024₹5.7t₹1.2t₹99.1b37.9x57.9x4.6x
Thu, 18 Apr 2024₹4.9t₹1.2t₹96.1b34.7x50.8x4.1x
Sat, 16 Mar 2024₹4.4t₹1.2t₹95.5b33.4x46.4x3.7x
Mon, 12 Feb 2024₹4.3t₹1.2t₹95.1b37.1x45.3x3.6x
Wed, 10 Jan 2024₹4.3t₹1.2t₹92.3b38.2x46.2x3.7x
Fri, 08 Dec 2023₹4.2t₹1.2t₹92.3b34.8x45.2x3.6x
Sun, 05 Nov 2023₹3.7t₹1.1t₹83.0b34.2x45.1x3.3x
Tue, 03 Oct 2023₹4.0t₹1.1t₹78.9b31.5x50.6x3.6x
Thu, 31 Aug 2023₹3.7t₹1.1t₹77.6b30.8x47.6x3.5x
Sat, 29 Jul 2023₹3.5t₹1.0t₹75.3b28.2x46.4x3.3x
Mon, 26 Jun 2023₹3.1t₹1.0t₹72.0b27.2x43.3x3x
Wed, 24 May 2023₹2.9t₹1.0t₹73.3b23.1x39.4x2.8x
Fri, 21 Apr 2023₹2.7t₹989.4b₹68.7b21.3x38.7x2.7x
Sun, 19 Mar 2023₹2.5t₹991.9b₹68.7b17.4x36.7x2.5x
Price to Earnings Ratio

36.7x


Total Market Cap: ₹2.5tTotal Earnings: ₹68.7bTotal Revenue: ₹991.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electrical Components Industry Price to Earnings3Y Average 49.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Electrical Components and Equipment 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 43.9x which is lower than its 3-year average PE of 49.9x.
  • The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Electrical Components and Equipment industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 22% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Electrical Components compare with similar industries?

IN Market-1.20%
Industrials0.34%
Electrical1.06%
Electrical Components-1.19%
Heavy Electrical Equipment3.04%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CGPOWER CG Power and Industrial Solutions₹737.305.2%
+₹57.0b		23.1%PE104.4x
SCHNEIDER Schneider Electric Infrastructure₹907.453.8%
+₹7.9b		49.3%PE88.5x
517271 HBL Engineering₹689.403.8%
+₹7.0b		66.3%PE24x
532953 V-Guard Industries₹318.604.2%
+₹5.6b		-4.8%PE48.3x
UTLSOLAR Fujiyama Power Systems₹189.808.0%
+₹4.3b		n/aPE23.4x

Latest News

HEG
₹519.15
HEG
7D
-4.2%
1Y
29.7%

HEG: Upcoming Board Meeting Will Support Bullish View On Group Reshaping

Analysts have raised their price target on HEG from ₹677.50 to ₹705.00, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E multiples. What's in the News A board meeting is scheduled for Feb 10, 2026 at 14:00 IST to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (Key Developments).
POLYCAB
₹7,455.00
Polycab India
7D
-12.9%
1Y
49.0%

POLYCAB: Upcoming Board Decisions Will Tighten Already Stretched Risk Profile

Analysts have lifted their price target for Polycab India from ₹6,702.88 to ₹7,062.83, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What's in the News Board meeting scheduled for Jan 16, 2026, to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025, along with limited review reports (Key Developments).
500008
₹789.10
Amara Raja Energy & Mobility
7D
-1.9%
1Y
-17.9%

500008: New US Subsidiary And Governance Moves Will Drive Bullish Repricing

The analyst price target for Amara Raja Energy & Mobility has shifted from about ₹1,109 to roughly ₹1,027 as analysts factor in updated assumptions on fair value, revenue growth, profit margins and future P/E expectations. What's in the News The board approved the incorporation of a wholly owned subsidiary in the United States to strengthen customer servicing capabilities and support global business expansion, following a meeting held on February 11, 2026 (Key Developments).
CGPOWER
₹737.30
CG Power and Industrial Solutions
7D
5.2%
1Y
23.1%

CGPOWER: Data Center Mega Order And New Assumptions Will Shape Returns

Analysts have cut their price target on CG Power and Industrial Solutions by about ₹99 to ₹692, citing adjusted assumptions for revenue growth, profit margins, and future P/E expectations. What's in the News CG Power and Industrial Solutions has secured a landmark order valued at €900 million (about $99.2 million) from Tallgrass Integrated Logistics Solutions LLC in the US for a large scale data center project, focused on supplying power transformers for hyperscale data center applications (Key Developments).
FINCABLES
₹894.45
Finolex Cables
7D
-2.6%
1Y
12.1%

FINCABLES: GST Assessments Will Be Absorbed As Earnings Outlook Remains Supportive

Analysts have trimmed their price target on Finolex Cables from ₹1,098 to ₹1,060, reflecting updated inputs on the discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Board meeting scheduled on February 10, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter ended December 31, 2025 (company filing).
RRKABEL
₹1,433.80
R R Kabel
7D
-4.4%
1Y
63.9%

RRKABEL: Upcoming Board Results Review Will Reinforce Confidence In Future Earnings Potential

Analysts have raised their fair value estimate for R R Kabel from ₹1,763 to ₹1,876, citing updated assumptions around revenue growth, profit margins and the P/E multiple applied to the stock. What's in the News R R Kabel has scheduled a board meeting on January 31, 2026, at 17:20 Indian Standard Time.
517569
₹4,325.65
KEI Industries
7D
-12.2%
1Y
41.8%

517569: Interim Dividend And Delisting Proposal Will Shape Measured Near-Term Outlook

Analysts have slightly lifted their fair value estimate for KEI Industries from about ₹4,758 to roughly ₹4,800, citing updated assumptions around discount rates, steady revenue growth, a modestly higher profit margin, and a lower future P/E multiple. What's in the News Board meeting on January 21, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
532953
₹318.60
V-Guard Industries
7D
4.2%
1Y
-4.8%

532953: Upcoming Board Review Will Support Bullish Repricing Narrative

Analysts have trimmed their price target for V-Guard Industries slightly, with fair value moving from about ₹403.17 to ₹397.47. This reflects modest tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E.
QUADFUTURE
₹320.20
Quadrant Future Tek
7D
12.8%
1Y
-34.5%
509488
₹645.55
Graphite India
7D
-5.7%
1Y
46.2%
SCHNEIDER
₹907.45
Schneider Electric Infrastructure
7D
3.8%
1Y
49.3%
504036
₹1,505.00
Hind Rectifiers
7D
10.8%
1Y
75.9%
KSHINTL
₹412.65
KSH International
7D
13.7%
1Y
n/a
517271
₹689.40
HBL Engineering
7D
3.8%
1Y
66.3%
522281
₹315.90
Ram Ratna Wires
7D
-9.3%
1Y
29.6%
UTLSOLAR
₹189.80
Fujiyama Power Systems
7D
8.0%
1Y
n/a