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Indian (NIFTY) Heavy Electrical Equipment Industry Analysis

UpdatedNov 22, 2025
DataAggregated Company Financials
Companies26
  • 7D-0.7%
  • 3M4.4%
  • 1Y4.5%
  • YTDn/a

The Heavy Electrical Equipment industry has been flat over the last week, but Suzlon Energy has lost 4.5%. The past year has been better, since the industry has gained 4.5% in that time. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Nov 2025₹6.6t₹932.2b₹106.6b47.4x61.8x7.1x
Tue, 21 Oct 2025₹6.2t₹905.4b₹91.1b46.6x68.5x6.9x
Thu, 18 Sep 2025₹6.5t₹871.5b₹87.5b42.8x74.8x7.5x
Sat, 16 Aug 2025₹6.2t₹864.4b₹86.1b41.1x71.9x7.2x
Mon, 14 Jul 2025₹6.5t₹818.3b₹82.1b43.9x78.8x7.9x
Wed, 11 Jun 2025₹5.5t₹780.6b₹73.5b49.1x74.9x7x
Fri, 09 May 2025₹4.5t₹731.9b₹59.2b44.7x75.7x6.1x
Sun, 06 Apr 2025₹4.2t₹729.6b₹58.8b44.3x71.6x5.8x
Tue, 04 Mar 2025₹3.9t₹729.9b₹58.5b42.6x67x5.4x
Thu, 30 Jan 2025₹4.4t₹704.6b₹52.2b60.5x83.4x6.2x
Sat, 28 Dec 2024₹5.2t₹671.9b₹49.5b70.8x105.6x7.8x
Mon, 25 Nov 2024₹5.0t₹671.0b₹49.5b62.7x101.6x7.5x
Wed, 23 Oct 2024₹5.5t₹623.6b₹41.5b81.4x131.4x8.7x
Fri, 20 Sep 2024₹5.5t₹623.4b₹41.5b74.8x133.3x8.9x
Sun, 18 Aug 2024₹5.7t₹620.2b₹41.3b85x137.7x9.2x
Tue, 16 Jul 2024₹5.4t₹592.0b₹34.8b112.2x154.2x9.1x
Thu, 13 Jun 2024₹4.9t₹591.7b₹34.7b67.9x141.6x8.3x
Sat, 11 May 2024₹4.3t₹573.1b₹27.2b62.5x157.8x7.5x
Mon, 08 Apr 2024₹4.0t₹559.6b₹23.8b52.4x169.7x7.2x
Wed, 06 Mar 2024₹3.8t₹559.6b₹23.8b62.8x159x6.7x
Fri, 02 Feb 2024₹3.4t₹546.4b₹20.3b68.7x165.1x6.1x
Sun, 31 Dec 2023₹3.1t₹541.6b₹18.6b51.8x164.3x5.6x
Tue, 28 Nov 2023₹2.7t₹540.6b₹18.5b56.7x147x5x
Thu, 26 Oct 2023₹2.3t₹526.0b₹20.0b52.4x113.7x4.3x
Sat, 23 Sep 2023₹2.3t₹525.0b₹19.8b60.5x114.6x4.3x
Mon, 21 Aug 2023₹2.1t₹524.9b₹19.7b51.9x107.5x4x
Wed, 19 Jul 2023₹2.1t₹511.8b₹41.7b39.6x50.2x4.1x
Fri, 16 Jun 2023₹1.9t₹511.0b₹41.5b31.2x46.3x3.8x
Sun, 14 May 2023₹1.6t₹453.8b₹10.3b28.1x155.6x3.5x
Tue, 11 Apr 2023₹1.4t₹447.4b₹8.3b26.7x164.8x3x
Thu, 09 Mar 2023₹1.4t₹447.4b₹8.3b25.8x168.5x3.1x
Sat, 04 Feb 2023₹1.2t₹440.4b₹7.1b30x168.7x2.7x
Mon, 02 Jan 2023₹1.2t₹438.0b₹6.6b33.9x182.3x2.8x
Wed, 30 Nov 2022₹1.3t₹439.1b₹8.7b32.5x147.8x2.9x
Price to Earnings Ratio

147.8x


Total Market Cap: ₹1.3tTotal Earnings: ₹8.7bTotal Revenue: ₹439.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Heavy Electrical Equipment Industry Price to Earnings3Y Average 121.1x202320242025
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 62.6x which is lower than its 3-year average PE of 121x.
  • The 3-year average PS ratio of 6.1x is lower than the industry's current PS ratio of 7.2x.
Past Earnings Growth
  • The earnings for companies in the Heavy Electrical Equipment industry have grown 130% 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-0.65%
Industrials-1.73%
Electrical-1.88%
Heavy Electrical Equipment-0.70%
Electrical Components-3.22%
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
500002 ABB India₹5.09k2.8%
+₹29.0b		-26.3%PE61.1x
ENRIN Siemens Energy India₹3.33k2.3%
+₹26.8b		n/aPE90.3x
POWERINDIA Hitachi Energy India₹21.56k0.5%
+₹4.3b		87.3%PE134x
500103 Bharat Heavy Electricals₹282.400.2%
+₹2.1b		20.5%PE176.1x
532930 BGR Energy Systems₹427.605.5%
+₹1.6b		1,064.5%PS8.4x

Latest News

INOXWIND
₹137.77
Inox Wind
7D
-7.3%
1Y
-25.4%

We Think That There Are Issues Underlying Inox Wind's (NSE:INOXWIND) Earnings

Nov 22
We Think That There Are Issues Underlying Inox Wind's (NSE:INOXWIND) Earnings
VDEAL
₹225.75
Vdeal System
7D
29.7%
1Y
60.1%
505700
₹514.00
Elecon Engineering
7D
-4.0%
1Y
-8.3%

505700: Steady Margins And 2026 Outlook Will Sustain Fair Value Momentum

Analysts have maintained their fair value estimate for Elecon Engineering at ₹725, citing stability in key underlying assumptions such as the discount rate, revenue growth, profit margin, and future price-to-earnings estimates. What's in the News Elecon Engineering provided consolidated earnings guidance for 2026, expecting consolidated revenue of INR 26,500 million (Corporate Guidance).
QPOWER
₹782.20
Quality Power Electrical Equipments
7D
-5.3%
1Y
n/a

Quality Power Electrical Equipments' (NSE:QPOWER) Profits May Not Reveal Underlying Issues

Nov 20
Quality Power Electrical Equipments' (NSE:QPOWER) Profits May Not Reveal Underlying Issues
SUPREMEPWR
₹230.80
Supreme Power Equipment
7D
14.2%
1Y
11.0%

Supreme Power Equipment's (NSE:SUPREMEPWR) Shareholders May Want To Dig Deeper Than Statutory Profit

Nov 20
Supreme Power Equipment's (NSE:SUPREMEPWR) Shareholders May Want To Dig Deeper Than Statutory Profit
ENRIN
₹3,332.90
Siemens Energy India
7D
2.3%
1Y
n/a
544150
₹482.85
KP Green Engineering
7D
-7.2%
1Y
-16.9%
522275
₹2,904.50
GE Vernova T&D India
7D
-4.3%
1Y
56.6%
SUZLON
₹55.10
Suzlon Energy
7D
-4.5%
1Y
-15.5%

SUZLON: Upcoming CFO Transition And Major Order Will Drive Future Momentum

Analysts have slightly lowered their price target for Suzlon Energy from ₹74.8 to ₹73.9, citing a more cautious outlook on revenue growth and profit margins. They also noted an expectation of higher future valuations.
500002
₹5,090.70
ABB India
7D
2.8%
1Y
-26.3%

500002: Expanded Local Production And Efficiency Measures Will Shape Performance Outlook

Narrative Update on ABB India: Analyst Price Target Revised Analysts have revised their fair value estimate for ABB India downward from ₹5,555.78 to ₹5,437.62, citing updated projections for revenue growth, profit margins, and discount rates. What's in the News ABB India has expanded its local production with a new line for energy-efficient drives at the Bengaluru Peenya factory.
POWERINDIA
₹21,563.00
Hitachi Energy India
7D
0.5%
1Y
87.3%

POWERINDIA: Capacity Expansion And Leadership Changes Will Guide Measured Future Prospects

Analysts have raised their price target for Hitachi Energy India from ₹20,557.30 to ₹20,817.30. This change reflects updated expectations for higher revenue growth and a slightly increased discount rate.
532930
₹427.60
BGR Energy Systems
7D
5.5%
1Y
1,064.5%
533553
₹724.15
TD Power Systems
7D
-7.8%
1Y
60.8%
500103
₹282.40
Bharat Heavy Electricals
7D
0.2%
1Y
20.5%
ATLANTAELE
₹968.60
Atlanta Electricals
7D
0.3%
1Y
n/a
IWEL
₹10,652.00
Inox Wind Energy
7D
-5.2%
1Y
50.1%