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Indian (NIFTY) Heavy Electrical Equipment Industry Analysis
UpdatedSep 15, 2025
DataAggregated Company Financials
Companies26
- 7D2.2%
- 3M-3.4%
- 1Y-11.6%
- YTDn/a
In the last week, the Heavy Electrical Equipment industry is up 2.2%, with Bharat Heavy Electricals up 7.7%. In the past year, the industry is down 12%. Earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Indian Heavy Electrical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Sep 2025 | ₹6.4t | ₹871.7b | ₹87.5b | 43.6x | 72.6x | 7.3x |
| Wed, 13 Aug 2025 | ₹6.2t | ₹853.1b | ₹85.8b | 41.3x | 72.8x | 7.3x |
| Fri, 11 Jul 2025 | ₹6.6t | ₹817.3b | ₹81.1b | 44.2x | 81x | 8x |
| Sun, 08 Jun 2025 | ₹5.4t | ₹780.6b | ₹73.6b | 45.6x | 73.9x | 7x |
| Tue, 06 May 2025 | ₹4.6t | ₹731.9b | ₹59.2b | 47.1x | 78.2x | 6.3x |
| Thu, 03 Apr 2025 | ₹4.3t | ₹729.6b | ₹58.8b | 44.3x | 73.8x | 5.9x |
| Sat, 01 Mar 2025 | ₹3.9t | ₹729.9b | ₹58.5b | 44x | 66.2x | 5.3x |
| Mon, 27 Jan 2025 | ₹4.4t | ₹672.7b | ₹49.7b | 62.7x | 89.4x | 6.6x |
| Wed, 25 Dec 2024 | ₹5.3t | ₹671.9b | ₹49.5b | 71.5x | 106.1x | 7.8x |
| Fri, 22 Nov 2024 | ₹5.0t | ₹671.0b | ₹49.5b | 62.6x | 101x | 7.5x |
| Sun, 20 Oct 2024 | ₹5.8t | ₹623.6b | ₹41.5b | 86.4x | 140.9x | 9.4x |
| Tue, 17 Sep 2024 | ₹5.7t | ₹623.4b | ₹41.5b | 79x | 138.2x | 9.2x |
| Thu, 15 Aug 2024 | ₹5.5t | ₹619.7b | ₹41.2b | 85.9x | 134.1x | 8.9x |
| Sat, 13 Jul 2024 | ₹5.4t | ₹592.0b | ₹34.8b | 109x | 154.4x | 9.1x |
| Mon, 10 Jun 2024 | ₹4.9t | ₹591.4b | ₹34.7b | 61.1x | 140.2x | 8.2x |
| Wed, 08 May 2024 | ₹4.3t | ₹573.1b | ₹27.2b | 62.1x | 157.8x | 7.5x |
| Fri, 05 Apr 2024 | ₹4.0t | ₹559.6b | ₹23.8b | 52x | 167.6x | 7.1x |
| Sun, 03 Mar 2024 | ₹3.7t | ₹559.6b | ₹23.8b | 62.7x | 155.6x | 6.6x |
| Tue, 30 Jan 2024 | ₹5.0t | ₹545.3b | ₹19.1b | 64.8x | 260.9x | 9.1x |
| Thu, 28 Dec 2023 | ₹3.0t | ₹540.6b | ₹18.5b | 56.5x | 161.7x | 5.5x |
| Sat, 25 Nov 2023 | ₹2.7t | ₹540.6b | ₹18.5b | 56.7x | 147x | 5x |
| Mon, 23 Oct 2023 | ₹2.4t | ₹526.1b | ₹20.0b | 56.6x | 119x | 4.5x |
| Wed, 20 Sep 2023 | ₹2.3t | ₹525.0b | ₹19.8b | 59.8x | 116.7x | 4.4x |
| Fri, 18 Aug 2023 | ₹2.1t | ₹524.9b | ₹19.7b | 51.9x | 108.3x | 4.1x |
| Sun, 16 Jul 2023 | ₹2.1t | ₹511.9b | ₹41.8b | 35.2x | 49.1x | 4x |
| Tue, 13 Jun 2023 | ₹1.9t | ₹510.8b | ₹41.4b | 26.8x | 45.5x | 3.7x |
| Thu, 11 May 2023 | ₹1.6t | ₹453.8b | ₹10.3b | 24.6x | 150.8x | 3.4x |
| Sat, 08 Apr 2023 | ₹1.4t | ₹447.4b | ₹8.3b | 27.1x | 164.8x | 3x |
| Mon, 06 Mar 2023 | ₹1.4t | ₹447.4b | ₹8.3b | 25.1x | 164.1x | 3x |
| Wed, 01 Feb 2023 | ₹1.2t | ₹440.4b | ₹7.1b | 29.9x | 172.3x | 2.8x |
| Fri, 30 Dec 2022 | ₹1.2t | ₹438.0b | ₹6.6b | 33.2x | 181.8x | 2.7x |
| Sun, 27 Nov 2022 | ₹1.3t | ₹439.1b | ₹8.7b | 33.6x | 149.9x | 3x |
| Tue, 25 Oct 2022 | ₹1.3t | ₹438.3b | ₹10.2b | 32.6x | 123x | 2.9x |
| Thu, 22 Sep 2022 | ₹1.2t | ₹437.7b | ₹10.2b | 34.6x | 122.3x | 2.8x |
Price to Earnings Ratio
122.3x
Current Industry PE
- Investors are pessimistic on the Indian Heavy Electrical 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 72.6x which is lower than its 3-year average PE of 125x.
- The 3-year average PS ratio of 5.8x is lower than the industry's current PS ratio of 7.3x.
Past Earnings Growth
- The earnings for companies in the Heavy Electrical Equipment industry have grown 105% 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 Heavy Electrical Equipment compare with similar industries?
| IN Market | 1.60% | |
| Industrials | 2.89% | |
| Electrical | 2.01% | |
| Heavy Electrical Equipment | 2.19% | |
| Electrical Components | 1.82% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 500103 Bharat Heavy Electricals | ₹228.70 | 7.7% +₹56.8b | -13.5% | PE274.8x | |
| POWERINDIA Hitachi Energy India | ₹19.91k | 5.6% +₹47.3b | 55.3% | PE175.7x | |
| 500002 ABB India | ₹5.25k | 2.4% +₹25.8b | -31.8% | PE61.8x | |
| 505700 Elecon Engineering | ₹600.60 | 8.6% +₹10.6b | -5.6% | PE26.1x | |
| 522275 GE Vernova T&D India | ₹2.79k | 1.3% +₹9.4b | 63.8% | PE93.3x |
