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Indian (NIFTY) Heavy Electrical Equipment Industry Analysis

UpdatedSep 11, 2026
DataAggregated Company Financials
Companies28
  • 7D-0.3%
  • 3M-2.8%
  • 1Y30.5%
  • YTDn/a

In the last week, the Heavy Electrical Equipment industry is up 1.8%, with GE Vernova T&D India up 3.3%. This takes the industry's 12 month performance to a gain of 32%. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 11 Sep 2026₹8.4t₹1.1t₹133.5b39.1x63.1x7.4x
Sun, 09 Aug 2026₹8.6t₹1.1t₹132.8b39.3x64.5x7.5x
Tue, 07 Jul 2026₹8.5t₹1.1t₹121.7b37.1x69.8x7.9x
Thu, 04 Jun 2026₹8.9t₹1.1t₹121.7b35.4x73.3x8.2x
Sat, 02 May 2026₹8.4t₹995.6b₹111.0b34.8x75.7x8.4x
Mon, 30 Mar 2026₹6.5t₹965.2b₹109.6b30.7x59.1x6.7x
Wed, 25 Feb 2026₹6.7t₹964.4b₹109.5b36.4x61x6.9x
Fri, 23 Jan 2026₹5.5t₹927.8b₹107.0b35.3x51x5.9x
Sun, 21 Dec 2025₹6.2t₹913.6b₹104.5b42.3x59x6.7x
Tue, 18 Nov 2025₹6.7t₹932.0b₹106.6b46.8x62.6x7.2x
Thu, 16 Oct 2025₹6.3t₹905.2b₹91.0b47x68.8x6.9x
Sat, 13 Sep 2025₹6.4t₹871.7b₹87.5b43.6x72.6x7.3x
Mon, 11 Aug 2025₹6.2t₹853.1b₹85.8b40.3x72.2x7.3x
Wed, 09 Jul 2025₹6.5t₹817.3b₹81.1b43.5x79.9x7.9x
Fri, 06 Jun 2025₹5.5t₹780.6b₹73.6b46x74.8x7.1x
Sun, 04 May 2025₹4.6t₹731.9b₹59.2b45.7x77.3x6.2x
Tue, 01 Apr 2025₹4.4t₹729.6b₹58.8b43.7x75.3x6.1x
Thu, 27 Feb 2025₹4.2t₹729.9b₹58.5b48.1x71.5x5.7x
Sat, 25 Jan 2025₹4.4t₹672.6b₹49.7b62.7x89.4x6.6x
Mon, 23 Dec 2024₹5.2t₹671.9b₹49.5b74.3x105.6x7.8x
Wed, 20 Nov 2024₹4.9t₹670.8b₹49.4b69.7x100.2x7.4x
Fri, 18 Oct 2024₹5.9t₹623.4b₹41.5b84.6x141.7x9.4x
Sun, 15 Sep 2024₹5.7t₹623.4b₹41.5b77.5x137.1x9.1x
Tue, 13 Aug 2024₹5.5t₹619.2b₹41.1b80.6x135x9x
Thu, 11 Jul 2024₹5.4t₹592.0b₹34.8b112.2x156.6x9.2x
Sat, 08 Jun 2024₹4.9t₹591.4b₹34.7b61.1x140.2x8.2x
Mon, 06 May 2024₹4.4t₹573.1b₹27.2b62.6x163.6x7.8x
Wed, 03 Apr 2024₹3.9t₹559.6b₹23.8b53.7x165.3x7x
Fri, 01 Mar 2024₹3.7t₹559.6b₹23.8b61.6x154.5x6.6x
Sun, 28 Jan 2024₹3.3t₹545.3b₹19.1b63.6x171.5x6x
Tue, 26 Dec 2023₹3.0t₹540.6b₹18.5b54.8x160.2x5.5x
Thu, 23 Nov 2023₹2.6t₹540.6b₹18.5b56.5x141.2x4.8x
Sat, 21 Oct 2023₹2.4t₹525.0b₹19.8b56.6x120.5x4.5x
Mon, 18 Sep 2023₹2.3t₹525.0b₹19.8b58.4x117.4x4.4x
Price to Earnings Ratio

117.4x


Total Market Cap: ₹2.3tTotal Earnings: ₹19.8bTotal Revenue: ₹525.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Heavy Electrical Equipment Industry Price to Earnings3Y Average 101.4x202420252026
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 63.9x which is lower than its 3-year average PE of 101x.
  • The industry is trading close to its 3-year average PS ratio of 7.1x.
Past Earnings Growth
  • The earnings for companies in the Heavy Electrical Equipment industry have grown 89% per year over the last three years.
  • Revenues for these companies have grown 30% 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-0.87%
Industrials0.11%
Electrical-1.42%
Heavy Electrical Equipment-0.29%
Electrical Components-2.76%
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
522275 GE Vernova T&D India₹4.55k5.1%
+₹56.3b		63.1%PE89.2x
ENRIN Siemens Energy India₹3.18k2.1%
+₹23.4b		-6.1%PE76.1x
533553 TD Power Systems₹804.859.1%
+₹21.1b		193.6%PE91.4x
POWERICA Powerica₹569.358.4%
+₹5.6b		n/aPE25.6x
INOXWIND Inox Wind₹76.502.8%
+₹3.6b		-48.6%PE38.5x

Latest News

DANISH
₹997.40
Danish Power
7D
16.8%
1Y
12.6%
522275
₹4,545.00
GE Vernova T&D India
7D
5.1%
1Y
63.1%
500002
₹7,269.10
ABB India
7D
-2.0%
1Y
38.6%
SPCL
₹64.70
Shivalic Power Control
7D
3.4%
1Y
-36.9%
POWERICA
₹569.35
Powerica
7D
8.4%
1Y
n/a
ANAWIL
₹462.30
Anawil Wire and Engineering
7D
20.9%
1Y
n/a
533553
₹804.85
TD Power Systems
7D
9.1%
1Y
193.6%
Narrative Update • Sep 10

533553: Preferential Issue And Fundraising Plans Will Drive Future Upside

Analysts have adjusted the fair value estimate for TD Power Systems from ₹1,324.0 to ₹875.5, reflecting updated assumptions around the discount rate, projected revenue growth, profit margins, and future P/E expectations. What’s in the News for TD Power Systems Board meeting on August 11, 2026 to review unaudited financial results for the quarter ended June 30, 2026, consider reappointment of M/s.
533655
₹569.10
Triveni Turbine
7D
-1.5%
1Y
7.0%
QPOWER
₹1,426.50
Quality Power Electrical Equipments
7D
-4.6%
1Y
51.0%
POWERINDIA
₹31,435.00
Hitachi Energy India
7D
-0.7%
1Y
57.9%
Narrative Update • Sep 09

POWERINDIA: Related Party Deals And Upcoming Results Will Support Long Term Upside

Analysts have trimmed their price target for Hitachi Energy India to ₹46,561 from ₹47,628, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Hitachi Energy India has scheduled a board meeting on August 28, 2026, at 14:54 Indian Standard Time to consider and approve a postal ballot notice related to material related party transactions with Hitachi Energy Sweden AB and Hitachi Energy USA Inc.
INOXWIND
₹76.50
Inox Wind
7D
2.8%
1Y
-48.6%
ATLANTAELE
₹1,777.80
Atlanta Electricals
7D
-5.5%
1Y
n/a
ENRIN
₹3,181.30
Siemens Energy India
7D
2.1%
1Y
-6.1%
Analysis Article • Aug 10

Siemens Energy India Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Siemens Energy India Limited ( NSE:ENRIN ) just released its quarterly report and things are looking bullish. Siemens...
SUZLON
₹44.12
Suzlon Energy
7D
-2.7%
1Y
-22.7%
Narrative Update • Jul 31

SUZLON: Robust Order Book And New Capacity Will Drive Returns

Analysts have trimmed their fair value estimate for Suzlon Energy to about ₹62 from roughly ₹64. This reflects updated assumptions around discount rate, revenue growth, profit margins and future P/E expectations.
500103
₹430.60
Bharat Heavy Electricals
7D
-0.6%
1Y
88.3%
505700
₹422.10
Elecon Engineering
7D
-2.6%
1Y
-29.7%
Narrative Update • Jul 16

505700: Board Changes And Postal Ballot Will Support Higher Future Earnings Multiple

The analyst price target for Elecon Engineering has been revised from ₹600 to ₹550. Analysts cited updated assumptions on the discount rate, revenue growth, profit margin, and future P/E as key factors behind the change.