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Indian (NIFTY) Electrical Components Industry Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies107
  • 7D-6.7%
  • 3M-16.8%
  • 1Y-8.4%
  • YTDn/a

Over the last 7 days, the Electrical Components industry has dropped 6.7%, driven by Havells India declining 9.8%. Overall the industry is down 8.4% in 12 months. 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, 26 Jan 2026₹5.0t₹1.7t₹123.8b23.7x40.3x2.9x
Wed, 24 Dec 2025₹5.7t₹1.7t₹120.3b28.5x47.4x3.4x
Fri, 21 Nov 2025₹5.8t₹1.7t₹118.9b32.8x48.7x3.5x
Sun, 19 Oct 2025₹5.9t₹1.6t₹111.7b32.2x52.4x3.7x
Tue, 16 Sep 2025₹6.0t₹1.6t₹107.6b34.6x55.6x3.8x
Thu, 14 Aug 2025₹5.6t₹1.5t₹107.8b36.3x51.9x3.6x
Sat, 12 Jul 2025₹5.6t₹1.5t₹107.2b38x52.5x3.8x
Mon, 09 Jun 2025₹5.5t₹1.5t₹107.1b36.9x51.3x3.7x
Wed, 07 May 2025₹5.1t₹1.5t₹106.7b33.5x47.8x3.5x
Fri, 04 Apr 2025₹5.0t₹1.4t₹105.0b33.5x47.7x3.5x
Sun, 02 Mar 2025₹4.6t₹1.4t₹104.8b31.5x43.8x3.2x
Tue, 28 Jan 2025₹5.2t₹1.4t₹104.1b37.7x50.2x3.7x
Thu, 26 Dec 2024₹6.1t₹1.4t₹103.6b45.7x59.2x4.5x
Sat, 23 Nov 2024₹5.9t₹1.4t₹103.3b43.3x57x4.3x
Mon, 21 Oct 2024₹6.5t₹1.3t₹109.2b47.2x59.3x4.8x
Wed, 18 Sep 2024₹6.4t₹1.3t₹107.7b46.6x59x4.8x
Fri, 16 Aug 2024₹6.1t₹1.3t₹107.9b47.3x56.9x4.7x
Sun, 14 Jul 2024₹6.3t₹1.3t₹100.5b46x62.8x5x
Tue, 11 Jun 2024₹5.9t₹1.3t₹101.1b36.9x58.2x4.7x
Thu, 09 May 2024₹5.3t₹1.2t₹96.7b37.4x54.7x4.3x
Sat, 06 Apr 2024₹4.9t₹1.2t₹95.5b36.6x50.9x4x
Mon, 04 Mar 2024₹4.6t₹1.2t₹94.8b36.9x48.4x3.9x
Wed, 31 Jan 2024₹4.2t₹1.2t₹93.6b39.2x44.7x3.6x
Fri, 29 Dec 2023₹4.3t₹1.2t₹92.3b34.6x46.4x3.7x
Sun, 26 Nov 2023₹4.0t₹1.2t₹92.3b34.1x43x3.4x
Tue, 24 Oct 2023₹3.7t₹1.1t₹81.8b34.8x45.5x3.3x
Thu, 21 Sep 2023₹3.9t₹1.1t₹78.7b33.2x49.8x3.5x
Sat, 19 Aug 2023₹3.6t₹1.1t₹76.9b27.7x46.6x3.4x
Mon, 17 Jul 2023₹3.3t₹1.0t₹72.1b26.8x46x3.2x
Wed, 14 Jun 2023₹3.1t₹1.0t₹71.7b26.8x43.6x3.1x
Fri, 12 May 2023₹2.8t₹1.0t₹70.6b21.7x40.2x2.8x
Sun, 09 Apr 2023₹2.6t₹992.0b₹68.7b19.7x37.5x2.6x
Tue, 07 Mar 2023₹2.6t₹991.9b₹68.7b18.1x37.8x2.6x
Thu, 02 Feb 2023₹2.5t₹988.3b₹69.6b19.5x36.5x2.6x
Price to Earnings Ratio

36.5x


Total Market Cap: ₹2.5tTotal Earnings: ₹69.6bTotal Revenue: ₹988.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electrical Components Industry Price to Earnings3Y Average 49.7x202420252026
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 40.3x which is lower than its 3-year average PE of 49.7x.
  • The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Electrical Components and Equipment industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 21% 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-3.58%
Industrials-4.69%
Electrical-5.56%
Electrical Components-6.71%
Heavy Electrical Equipment-4.46%
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
532953 V-Guard Industries₹310.701.7%
+₹2.2b		-15.0%PE46.6x
543619 Concord Control Systems₹2.51k3.4%
+₹836.7m		175.3%PE83.2x
513519 Pitti Engineering₹724.551.9%
+₹503.1m		-40.3%PE21.1x
SPECTRUM Spectrum Electrical Industries₹1.18k2.1%
+₹385.0m		-44.9%PE47x
543230 Advait Energy Transitions₹1.39k1.9%
+₹285.5m		-7.0%PE37.8x

Latest News

POLYCAB
₹6,722.00
Polycab India
7D
-5.6%
1Y
13.6%

POLYCAB: Upcoming Results And Board Decisions Will Shape Updated Risk Profile

Analysts have raised their fair value estimate for Polycab India from ₹5,283.79 to ₹6,702.88, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that they view as better reflecting the company’s current risk and earnings profile. What's in the News A board meeting is scheduled on January 16, 2026, at 13:00 IST to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, along with limited review reports (company filing).
HEG
₹528.90
HEG
7D
-8.4%
1Y
29.4%

HEG: Upcoming Results Review Will Support Bullish Outlook Despite Margin Reset

Analysts have lifted their price target for HEG to ₹677.5 from ₹652.5, citing updates to their fair value assumptions, discount rate, revenue growth, profit margin outlook, and future P/E expectations. What's in the News HEG has scheduled a board meeting on Feb 10, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
517569
₹3,806.85
KEI Industries
7D
-13.1%
1Y
-10.4%
513519
₹724.55
Pitti Engineering
7D
1.9%
1Y
-40.3%
SPECTRUM
₹1,184.30
Spectrum Electrical Industries
7D
2.1%
1Y
-44.9%
CGPOWER
₹549.10
CG Power and Industrial Solutions
7D
-2.2%
1Y
-11.5%

CGPOWER: Data Center Order And New Facility Will Support Balanced Outlook

Analysts have inched their price target for CG Power and Industrial Solutions higher to ₹567.11 from ₹564.00, citing updated assumptions for revenue growth, profit margins and a slightly richer future P/E multiple. What's in the News Secured a EUR900 million (US$99.2 million) export order from Tallgrass Integrated Logistics Solutions LLC in the US for power transformers supporting a large scale data center project, identified as the largest single order in the company’s history and marking its entry into the global data center segment (client announcement).
HAVELLS
₹1,287.00
Havells India
7D
-9.8%
1Y
-15.5%

Havells India (NSE:HAVELLS) Is Paying Out A Dividend Of ₹4.00

Jan 22
Havells India (NSE:HAVELLS) Is Paying Out A Dividend Of ₹4.00
FINCABLES
₹721.75
Finolex Cables
7D
-7.5%
1Y
-27.6%

FINCABLES: Stable Outlook Will Withstand Recent GST Demands And Support Confidence

Analysts have trimmed their fair value estimate for Finolex Cables slightly to ₹1,090.25 from ₹1,095.88, reflecting small tweaks to assumptions around discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News Finolex Cables received an order from the Superintendent, CGST and Central Excise, Division III, Indore for a tax demand of ₹110,720 linked to a mismatch between E way bills and GST returns for FY 2018 to 2019, with the company indicating no major impact on operations.
517271
₹705.45
HBL Engineering
7D
-11.6%
1Y
33.1%
RRKABEL
₹1,351.60
R R Kabel
7D
-8.4%
1Y
8.2%

RRKABEL: Leadership Transition And Interim Dividend Will Support Confident Future Earnings

The analyst price target for R R Kabel has been revised from ₹1,700.10 to ₹1,763.00. Analysts point to updated assumptions on revenue growth, profit margins and future P/E expectations as the key drivers behind this change.
532953
₹310.70
V-Guard Industries
7D
1.7%
1Y
-15.0%
504093
₹319.75
Panasonic Energy India
7D
5.4%
1Y
-26.0%
PRIMECAB
₹82.35
Prime Cable Industries
7D
10.5%
1Y
n/a
543230
₹1,385.05
Advait Energy Transitions
7D
1.9%
1Y
-7.0%
SAAKSHI
₹180.10
Saakshi Medtech and Panels
7D
7.7%
1Y
-1.2%

Is Saakshi Medtech and Panels (NSE:SAAKSHI) A Risky Investment?

Dec 06
Is Saakshi Medtech and Panels (NSE:SAAKSHI) A Risky Investment?
543619
₹2,510.00
Concord Control Systems
7D
3.4%
1Y
175.3%