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Indian (NIFTY) Electrical Components Industry Analysis

UpdatedSep 12, 2026
DataAggregated Company Financials
Companies115
  • 7D-1.0%
  • 3M0.4%
  • 1Y9.0%
  • YTDn/a

Over the last 7 days, the Electrical Components industry has dropped 1.2%, driven by a pullback from HEG Advanced Materials of 65%. In the past year, the industry has gained 11%. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 12 Sep 2026₹6.9t₹2.1t₹147.9b27.8x46.7x3.3x
Mon, 10 Aug 2026₹7.1t₹2.0t₹144.3b27.3x49.3x3.5x
Wed, 08 Jul 2026₹6.9t₹1.9t₹136.3b28.7x50.4x3.6x
Fri, 05 Jun 2026₹6.8t₹1.9t₹135.9b26.8x50.4x3.6x
Sun, 03 May 2026₹6.3t₹1.8t₹130.6b28.3x48.3x3.5x
Tue, 31 Mar 2026₹5.1t₹1.8t₹128.6b20.5x40x2.9x
Thu, 26 Feb 2026₹5.9t₹1.8t₹128.6b23.7x46x3.3x
Sat, 24 Jan 2026₹5.0t₹1.7t₹123.8b23.7x40.3x2.9x
Mon, 22 Dec 2025₹5.6t₹1.7t₹119.6b27.9x46.8x3.3x
Wed, 19 Nov 2025₹5.8t₹1.6t₹116.8b33x49.7x3.6x
Fri, 17 Oct 2025₹5.9t₹1.6t₹108.2b32.1x54.4x3.8x
Sun, 14 Sep 2025₹5.9t₹1.6t₹107.6b34.6x55.2x3.8x
Tue, 12 Aug 2025₹5.5t₹1.5t₹110.9b34.4x50x3.6x
Thu, 10 Jul 2025₹5.6t₹1.5t₹107.2b37.6x52.3x3.7x
Sat, 07 Jun 2025₹5.5t₹1.5t₹107.1b37.4x51.3x3.7x
Mon, 05 May 2025₹5.0t₹1.5t₹106.7b33.9x47.2x3.4x
Wed, 02 Apr 2025₹4.9t₹1.4t₹105.0b32.5x47x3.4x
Fri, 28 Feb 2025₹4.7t₹1.4t₹104.7b33.3x44.5x3.2x
Sun, 26 Jan 2025₹5.4t₹1.4t₹104.1b39.3x52x3.8x
Tue, 24 Dec 2024₹6.1t₹1.4t₹103.3b47.7x59.2x4.4x
Thu, 21 Nov 2024₹5.8t₹1.4t₹103.4b43.6x56.4x4.2x
Sat, 19 Oct 2024₹6.5t₹1.3t₹109.2b47.2x59.3x4.8x
Mon, 16 Sep 2024₹6.3t₹1.3t₹108.3b44.6x58.6x4.8x
Wed, 14 Aug 2024₹6.1t₹1.3t₹109.1b47.7x56.2x4.7x
Fri, 12 Jul 2024₹6.4t₹1.3t₹100.5b46x63.4x5.1x
Sun, 09 Jun 2024₹5.9t₹1.3t₹101.1b36.3x58.2x4.7x
Tue, 07 May 2024₹5.2t₹1.2t₹96.9b41x54x4.3x
Thu, 04 Apr 2024₹4.8t₹1.2t₹95.5b35.2x50.5x4x
Sat, 02 Mar 2024₹4.5t₹1.2t₹94.8b36.3x47.7x3.8x
Mon, 29 Jan 2024₹4.2t₹1.2t₹93.1b38.7x45x3.6x
Wed, 27 Dec 2023₹4.3t₹1.2t₹92.3b35.5x46.1x3.7x
Fri, 24 Nov 2023₹4.0t₹1.2t₹92.3b33.9x43.5x3.5x
Sun, 22 Oct 2023₹3.8t₹1.1t₹81.8b36.4x46.6x3.4x
Tue, 19 Sep 2023₹3.8t₹1.1t₹76.2b31.8x50.1x3.6x
Price to Earnings Ratio

50.1x


Total Market Cap: ₹3.8tTotal Earnings: ₹76.2bTotal Revenue: ₹1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electrical Components Industry Price to Earnings3Y Average 50.8x202420252026
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 47.1x which is lower than its 3-year average PE of 50.9x.
  • The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Electrical Components and Equipment industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 26% 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-1.39%
Industrials-0.35%
Electrical-0.27%
Electrical Components-0.95%
Heavy Electrical Equipment0.29%
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
FINCABLES Finolex Cables₹1.42k16.7%
+₹31.2b		68.2%PE27.2x
CGPOWER CG Power and Industrial Solutions₹909.002.0%
+₹28.4b		15.7%PE114.7x
522163 Diamond Power Infrastructure₹369.6010.4%
+₹20.9b		146.0%PE110.4x
509488 Graphite India₹824.2012.3%
+₹17.6b		54.5%PE75.5x
SPECTRUM Spectrum Electrical Industries₹3.02k27.6%
+₹10.3b		112.6%PE91.8x

Latest News

532928
₹288.10
Transformers and Rectifiers (India)
7D
-4.2%
1Y
-42.2%
FINCABLES
₹1,424.00
Finolex Cables
7D
16.7%
1Y
68.2%
500008
₹814.05
Amara Raja Energy & Mobility
7D
-5.8%
1Y
-20.9%
Narrative Update • Sep 09

500008: Further Subsidiary Investments And Revised Assumptions Will Support A Steady Outlook

Analysts have lifted their price target for Amara Raja Energy & Mobility from ₹800 to ₹850, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that slightly reshape their valuation framework. What's in the News for Amara Raja Energy & Mobility The board has scheduled a meeting for 10 August 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter ending 30 June 2026.
509488
₹824.20
Graphite India
7D
12.3%
1Y
54.5%
CGPOWER
₹909.00
CG Power and Industrial Solutions
7D
2.0%
1Y
15.7%
Narrative Update • Sep 08

CGPOWER: New Semiconductor Capacity Will Drive Future Repricing Potential

Analysts have trimmed their price target on CG Power and Industrial Solutions from ₹1,140 to ₹1,100, citing updated assumptions on the discount rate, revenue growth, profit margins and future P/E as the key drivers of this change. What's in the News for CG Power and Industrial Solutions CG Semi Private Limited, the joint venture involving CG Power and Industrial Solutions, Renesas Electronics Corporation and Stars Microelectronics, has started commercial production at its G1 Outsourced Semiconductor Assembly and Test facility in Sanand.
HEG
₹237.20
HEG Advanced Materials
7D
-67.4%
1Y
-54.3%
VMARCIND
₹358.30
V-MARC India
7D
11.9%
1Y
380.6%
SPECTRUM
₹3,022.50
Spectrum Electrical Industries
7D
27.6%
1Y
112.6%
KSHINTL
₹1,170.90
KSH International
7D
7.6%
1Y
n/a
517569
₹4,570.00
KEI Industries
7D
-5.8%
1Y
10.7%
517271
₹722.35
HBL Engineering
7D
3.8%
1Y
-17.3%
522163
₹369.60
Diamond Power Infrastructure
7D
10.4%
1Y
146.0%
POLYCAB
₹8,241.00
Polycab India
7D
-0.7%
1Y
13.6%
Narrative Update • Sep 03

POLYCAB: Higher Dividend And Governance Moves Will Test Stretched Earnings Multiple

Analysts have raised their price target for Polycab India from ₹8,069.67 to ₹8,251.31, citing updated assumptions on revenue growth, discount rate and future P/E. These revised inputs now feed into a slightly higher fair value estimate.
532953
₹323.65
V-Guard Industries
7D
-3.4%
1Y
-12.7%
UEL
₹206.64
Ujaas Energy
7D
-14.5%
1Y
91.9%
HAVELLS
₹1,111.00
Havells India
7D
-3.7%
1Y
-29.4%
Narrative Update • Jul 20

HAVELLS: Clean Energy Storage Partnership Will Support Future Upside Potential

Analysts have trimmed their price target for Havells India to around ₹1,383 from approximately ₹1,460, reflecting updated assumptions that include a slightly lower discount rate and revenue growth outlook, partly offset by marginally higher profit margin expectations and a reduced future P/E multiple. What's in the News for Havells India Havells India signed a Memorandum of Understanding with Norway based Pixii AS to collaborate on advanced Battery Energy Storage Systems for the Indian market, combining Havells manufacturing and distribution reach with Pixii energy storage technology.