Narrative Update • Jul 16
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Indian (NIFTY) Heavy Electrical Equipment Industry Analysis
UpdatedJul 27, 2026
DataAggregated Company Financials
Companies28
- 7D-2.7%
- 3M-0.7%
- 1Y28.6%
- YTDn/a
Over the last 7 days, the Heavy Electrical Equipment industry has dropped 2.7%, driven by GE Vernova T&D India declining 5.5%. This takes the industry's 12 month performance to a gain of 29%. Looking forward, earnings are forecast to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Tue, 28 Jul 2026 | ₹8.3t | ₹1.1t | ₹129.1b | 40.1x | 64.4x | 7.5x |
| Thu, 25 Jun 2026 | ₹8.9t | ₹1.1t | ₹121.7b | 38.5x | 73.4x | 8.3x |
| Sat, 23 May 2026 | ₹8.8t | ₹1.1t | ₹121.9b | 36.1x | 71.8x | 8.3x |
| Mon, 20 Apr 2026 | ₹7.7t | ₹992.8b | ₹110.0b | 33.7x | 69.9x | 7.7x |
| Wed, 18 Mar 2026 | ₹6.5t | ₹965.2b | ₹109.6b | 33x | 59.8x | 6.8x |
| Fri, 13 Feb 2026 | ₹6.5t | ₹955.6b | ₹110.6b | 35.8x | 58.6x | 6.8x |
| Sun, 11 Jan 2026 | ₹5.9t | ₹913.7b | ₹104.2b | 34.6x | 56.4x | 6.4x |
| Tue, 09 Dec 2025 | ₹6.1t | ₹913.6b | ₹104.5b | 46.1x | 58.7x | 6.7x |
| Thu, 06 Nov 2025 | ₹6.7t | ₹900.5b | ₹95.1b | 48.8x | 70.4x | 7.4x |
| Sat, 04 Oct 2025 | ₹6.5t | ₹904.1b | ₹91.1b | 41.5x | 71x | 7.2x |
| Mon, 01 Sep 2025 | ₹6.1t | ₹871.7b | ₹87.5b | 39.9x | 69.9x | 7x |
| Wed, 30 Jul 2025 | ₹6.3t | ₹818.3b | ₹82.1b | 43.1x | 76.7x | 7.7x |
| Fri, 27 Jun 2025 | ₹6.4t | ₹745.8b | ₹72.1b | 50.9x | 89.2x | 8.6x |
| Sun, 25 May 2025 | ₹5.2t | ₹747.2b | ₹61.1b | 52.2x | 84.8x | 6.9x |
| Tue, 22 Apr 2025 | ₹4.6t | ₹729.6b | ₹58.8b | 46.6x | 78.3x | 6.3x |
| Thu, 20 Mar 2025 | ₹4.3t | ₹729.6b | ₹58.8b | 42.5x | 73.8x | 5.9x |
| Sat, 15 Feb 2025 | ₹4.1t | ₹720.8b | ₹56.3b | 46.7x | 73x | 5.7x |
| Mon, 13 Jan 2025 | ₹4.8t | ₹672.0b | ₹49.5b | 67.6x | 96.1x | 7.1x |
| Wed, 11 Dec 2024 | ₹5.4t | ₹670.8b | ₹49.4b | 80.6x | 110.3x | 8.1x |
| Fri, 08 Nov 2024 | ₹5.3t | ₹661.4b | ₹47.8b | 80.1x | 110.5x | 8x |
| Sun, 06 Oct 2024 | ₹5.6t | ₹623.4b | ₹41.5b | 75.8x | 135.5x | 9x |
| Tue, 03 Sep 2024 | ₹5.5t | ₹623.5b | ₹41.5b | 83.4x | 132.9x | 8.8x |
| Thu, 01 Aug 2024 | ₹5.4t | ₹602.0b | ₹36.9b | 75.8x | 146.8x | 9x |
| Sat, 29 Jun 2024 | ₹5.2t | ₹592.0b | ₹34.8b | 80.9x | 150.4x | 8.8x |
| Mon, 27 May 2024 | ₹5.0t | ₹592.5b | ₹34.7b | 62.2x | 144.7x | 8.5x |
| Wed, 24 Apr 2024 | ₹4.1t | ₹564.5b | ₹24.5b | 62.8x | 167.2x | 7.2x |
| Fri, 22 Mar 2024 | ₹3.6t | ₹559.6b | ₹23.8b | 54.6x | 153.3x | 6.5x |
| Sun, 18 Feb 2024 | ₹3.4t | ₹556.3b | ₹23.4b | 62.8x | 146.8x | 6.2x |
| Tue, 16 Jan 2024 | ₹3.2t | ₹542.0b | ₹18.6b | 56.9x | 174x | 6x |
| Thu, 14 Dec 2023 | ₹3.0t | ₹540.6b | ₹18.5b | 55.3x | 160.3x | 5.5x |
| Sat, 11 Nov 2023 | ₹2.5t | ₹533.5b | ₹19.8b | 55x | 128.6x | 4.8x |
| Mon, 09 Oct 2023 | ₹2.3t | ₹525.0b | ₹19.8b | 61.3x | 117.8x | 4.4x |
| Wed, 06 Sep 2023 | ₹2.4t | ₹524.9b | ₹19.7b | 57.3x | 120.1x | 4.5x |
| Fri, 04 Aug 2023 | ₹2.1t | ₹516.1b | ₹19.6b | 43.2x | 108.1x | 4.1x |
Price to Earnings Ratio
108.1x
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 64.4x which is lower than its 3-year average PE of 104x.
- The industry is trading close to its 3-year average PS ratio of 7.0x.
Past Earnings Growth
- The earnings for companies in the Heavy Electrical Equipment industry have grown 88% per year over the last three years.
- Revenues for these companies have grown 29% 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 | -1.36% | |
| Industrials | -1.43% | |
| Electrical | -1.52% | |
| Heavy Electrical Equipment | -2.68% | |
| Electrical Components | -0.042% | |
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 | |
|---|---|---|---|---|---|
| 533655 Triveni Turbine | ₹623.80 | 1.5% +₹3.0b | 1.7% | PE56.7x | |
| SUZLON Suzlon Energy | ₹53.15 | 0.1% +₹824.6m | -12.7% | PE23.1x | |
| 544310 Yash Highvoltage | ₹930.80 | 2.7% +₹709.5m | 78.7% | PE71.4x | |
| PARTH Parth Electricals & Engineering | ₹478.00 | 7.4% +₹451.7m | n/a | PE45.9x | |
| 533553 TD Power Systems | ₹1.14k | 0.05% +₹93.7m | 144.7% | PE74.7x |
