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Indian (NIFTY) Electrical Components Industry Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies100
  • 7D1.8%
  • 3M8.2%
  • 1Y-6.1%
  • YTDn/a

The Electrical Components industry is up 1.8% in the last week, with CG Power and Industrial Solutions up 6.7%. However, the industry is down 6.1% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025₹5.9t₹1.6t₹107.6b34.6x55.2x3.8x
Wed, 13 Aug 2025₹5.5t₹1.5t₹109.9b35.6x50.2x3.6x
Fri, 11 Jul 2025₹5.6t₹1.5t₹107.2b38x52.5x3.8x
Sun, 08 Jun 2025₹5.5t₹1.5t₹107.1b36.9x51.3x3.7x
Tue, 06 May 2025₹5.2t₹1.5t₹106.7b34.3x48.7x3.6x
Thu, 03 Apr 2025₹5.0t₹1.4t₹105.0b32.8x47.8x3.5x
Sat, 01 Mar 2025₹4.6t₹1.4t₹104.8b31.5x43.8x3.2x
Mon, 27 Jan 2025₹5.4t₹1.4t₹104.1b39.3x52x3.8x
Wed, 25 Dec 2024₹6.1t₹1.4t₹103.6b45.7x59.2x4.5x
Fri, 22 Nov 2024₹5.8t₹1.4t₹103.4b42.9x55.8x4.2x
Sun, 20 Oct 2024₹6.5t₹1.3t₹109.2b47.2x59.3x4.8x
Tue, 17 Sep 2024₹6.3t₹1.3t₹108.3b46.6x58.5x4.8x
Thu, 15 Aug 2024₹6.1t₹1.3t₹107.9b47.3x56.9x4.7x
Sat, 13 Jul 2024₹6.3t₹1.3t₹100.5b46x62.8x5x
Mon, 10 Jun 2024₹5.9t₹1.3t₹101.1b36.3x58.2x4.7x
Wed, 08 May 2024₹5.2t₹1.2t₹96.7b38.9x53.9x4.3x
Fri, 05 Apr 2024₹4.8t₹1.2t₹95.5b35.3x50.7x4x
Sun, 03 Mar 2024₹4.5t₹1.2t₹94.8b36.3x47.7x3.8x
Tue, 30 Jan 2024₹4.2t₹1.2t₹93.1b38.8x45.4x3.6x
Thu, 28 Dec 2023₹4.3t₹1.2t₹92.3b34.9x46.3x3.7x
Sat, 25 Nov 2023₹4.0t₹1.2t₹92.3b34.1x43x3.4x
Mon, 23 Oct 2023₹3.8t₹1.1t₹81.8b36.4x46.6x3.4x
Wed, 20 Sep 2023₹3.8t₹1.1t₹76.2b31.8x50.1x3.6x
Fri, 18 Aug 2023₹3.6t₹1.1t₹76.9b28.6x46.4x3.4x
Sun, 16 Jul 2023₹3.3t₹1.0t₹72.1b26.8x46x3.2x
Tue, 13 Jun 2023₹3.1t₹1.0t₹71.8b26.3x43.1x3x
Thu, 11 May 2023₹2.8t₹1.0t₹70.6b21.4x39.4x2.8x
Sat, 08 Apr 2023₹2.6t₹992.0b₹68.7b19.7x37.5x2.6x
Mon, 06 Mar 2023₹2.6t₹991.9b₹68.7b18.3x37.6x2.6x
Wed, 01 Feb 2023₹2.5t₹988.3b₹69.6b19.9x36.3x2.6x
Fri, 30 Dec 2022₹2.3t₹970.3b₹70.3b20.4x33.3x2.4x
Sun, 27 Nov 2022₹2.5t₹970.3b₹70.3b19.9x35.4x2.6x
Tue, 25 Oct 2022₹2.3t₹938.4b₹68.8b18.5x33.9x2.5x
Thu, 22 Sep 2022₹2.4t₹919.4b₹68.8b18.2x35.2x2.6x
Price to Earnings Ratio

35.2x


Total Market Cap: ₹2.4tTotal Earnings: ₹68.8bTotal Revenue: ₹919.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electrical Components Industry Price to Earnings3Y Average 47.8x202320242025
Current Industry PE
  • Investors are optimistic on the Indian Electrical Components and Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 55.2x which is higher than its 3-year average PE of 47.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Electrical Components and Equipment industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 19% 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 Market1.60%
Industrials2.89%
Electrical2.01%
Electrical Components1.82%
Heavy Electrical Equipment2.19%
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₹785.406.7%
+₹77.3b		10.0%PE123.3x
517569 KEI Industries₹4.13k2.1%
+₹8.3b		-7.0%PE53.2x
HEG HEG₹518.555.3%
+₹5.0b		25.3%PE50.8x
RRKABEL R R Kabel₹1.24k3.1%
+₹4.3b		-24.8%PE42x
POLYCAB Polycab India₹7.25k0.4%
+₹4.0b		7.4%PE49.3x

Latest News

CGPOWER
₹785.40
CG Power and Industrial Solutions
7D
6.7%
1Y
10.0%

Government And Utility Spending Will Drive Global Grid Modernization

CG Power and Industrial Solutions saw a slight drop in its future P/E ratio, indicating a modest improvement in valuation, while net profit margins remained stable, resulting in a minor increase in the consensus analyst price target to ₹750.29. What's in the News Board meeting scheduled to consider and approve unaudited Q1 FY26 financial results on standalone and consolidated basis.
VOLTAMP
₹7,290.00
Voltamp Transformers
7D
-7.3%
1Y
-48.0%

Under The Bonnet, Voltamp Transformers' (NSE:VOLTAMP) Returns Look Impressive

Sep 10
Under The Bonnet, Voltamp Transformers' (NSE:VOLTAMP) Returns Look Impressive
MARINE
₹196.81
Marine Electricals (India)
7D
12.6%
1Y
-19.6%
RRKABEL
₹1,244.20
R R Kabel
7D
3.1%
1Y
-24.8%

Rising Indian Infrastructure Demand Will Expand Cable Capacity

Both the Discount Rate and Future P/E for R R Kabel saw only marginal increases, resulting in the consensus analyst price target remaining unchanged at ₹1594. What's in the News R R Kabel launched a new range of wire solutions—Flamex HR+FR, Superex Green HR+FR, and Firex LS0H-EBXL—designed for increased safety, performance, and sustainability, with features such as higher current-carrying capacity, higher heat resistance, and compliance with international standards.
517569
₹4,127.05
KEI Industries
7D
2.1%
1Y
-7.0%

Capacity Expansion And Renewable Investments Will Power Smart Cities

Consensus valuation metrics for KEI Industries remained virtually unchanged, with only marginal movements in the discount rate and future P/E, resulting in a steady price target of ₹4346. What's in the News Board meeting scheduled to consider and approve Un-Audited Standalone and Consolidated Financial Statements for the quarter ended June 30, 2025.
HAVELLS
₹1,572.60
Havells India
7D
-0.6%
1Y
-20.9%

Expanding Cable Capacity And Goldi Solar Partnership Will Unlock Potential

With negligible changes in both the Future P/E ratio (68.94x to 68.86x) and the Discount Rate (15.65% to 15.67%), the consensus analyst price target for Havells India has effectively remained unchanged at ₹1708. What's in the News Havells India is actively seeking acquisition opportunities to supplement its organic growth.
POLYCAB
₹7,254.50
Polycab India
7D
0.4%
1Y
7.4%

Government Infrastructure And Renewables Will Drive Future Demand

With both Net Profit Margin and Discount Rate remaining stable, there has been no impact on Polycab India's fair value, with the consensus analyst price target unchanged at ₹7563. What's in the News CFO Gandharv Tongia resigned citing personal reasons, effective on or before October 27, 2025.
QUADFUTURE
₹442.20
Quadrant Future Tek
7D
-8.5%
1Y
n/a
522281
₹713.35
Ram Ratna Wires
7D
-4.1%
1Y
12.6%
HEG
₹518.55
HEG
7D
5.3%
1Y
25.3%

Is It Too Late To Consider Buying HEG Limited (NSE:HEG)?

Aug 29
Is It Too Late To Consider Buying HEG Limited (NSE:HEG)?
UEL
₹323.00
Ujaas Energy
7D
-5.0%
1Y
24.6%

These 4 Measures Indicate That Ujaas Energy (NSE:UEL) Is Using Debt Safely

Aug 29
These 4 Measures Indicate That Ujaas Energy (NSE:UEL) Is Using Debt Safely
SCHNEIDER
₹870.95
Schneider Electric Infrastructure
7D
-2.2%
1Y
6.0%

Schneider Electric Infrastructure (NSE:SCHNEIDER) Is Very Good At Capital Allocation

Aug 28
Schneider Electric Infrastructure (NSE:SCHNEIDER) Is Very Good At Capital Allocation
509488
₹533.45
Graphite India
7D
3.3%
1Y
1.4%
522163
₹150.25
Diamond Power Infrastructure
7D
4.2%
1Y
8.8%
532928
₹498.25
Transformers and Rectifiers (India)
7D
-1.0%
1Y
45.5%
INDOTECH
₹1,781.90
Indo Tech Transformers
7D
-2.4%
1Y
-9.7%