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Indian (NIFTY) Electrical Industry Analysis
UpdatedDec 31, 2025
DataAggregated Company Financials
Companies131
- 7D-1.4%
- 3M-4.4%
- 1Y-6.3%
- YTD-7.4%
Over the last 7 days, the Electrical industry has dropped 1.4%, driven by a pullback from CG Power and Industrial Solutions of 2.0%. However, the industry is down 6.3% over the past year. Looking forward, earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Indian Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 31 Dec 2025 | ₹11.7t | ₹2.6t | ₹224.8b | 29.3x | 52.2x | 4.5x |
| Fri, 28 Nov 2025 | ₹12.2t | ₹2.6t | ₹223.4b | 32.9x | 54.7x | 4.8x |
| Sun, 26 Oct 2025 | ₹12.0t | ₹2.5t | ₹202.8b | 36.2x | 59.3x | 4.8x |
| Tue, 23 Sep 2025 | ₹12.5t | ₹2.4t | ₹195.1b | 37.4x | 64.2x | 5.2x |
| Thu, 21 Aug 2025 | ₹12.0t | ₹2.4t | ₹194.4b | 37.2x | 61.6x | 5x |
| Sat, 19 Jul 2025 | ₹12.1t | ₹2.3t | ₹191.4b | 42x | 63.1x | 5.2x |
| Mon, 16 Jun 2025 | ₹10.8t | ₹2.3t | ₹180.6b | 41.6x | 59.8x | 4.7x |
| Wed, 14 May 2025 | ₹10.2t | ₹2.2t | ₹169.3b | 38.5x | 60x | 4.6x |
| Fri, 11 Apr 2025 | ₹8.7t | ₹2.2t | ₹164.3b | 35.3x | 53x | 4x |
| Sun, 09 Mar 2025 | ₹9.1t | ₹2.2t | ₹163.4b | 35.4x | 55.9x | 4.2x |
| Tue, 04 Feb 2025 | ₹9.6t | ₹2.1t | ₹159.8b | 41.1x | 60x | 4.5x |
| Thu, 02 Jan 2025 | ₹11.6t | ₹2.0t | ₹153.1b | 51.6x | 75.5x | 5.6x |
| Sat, 30 Nov 2024 | ₹11.4t | ₹2.0t | ₹152.7b | 47.7x | 74.5x | 5.6x |
| Mon, 28 Oct 2024 | ₹11.1t | ₹2.0t | ₹152.8b | 46.3x | 72.5x | 5.6x |
| Wed, 25 Sep 2024 | ₹12.3t | ₹1.9t | ₹149.8b | 50.6x | 82.2x | 6.3x |
| Fri, 23 Aug 2024 | ₹12.0t | ₹1.9t | ₹149.3b | 52.4x | 80.5x | 6.2x |
| Sun, 21 Jul 2024 | ₹11.0t | ₹1.9t | ₹136.7b | 50.2x | 80.1x | 5.9x |
| Tue, 18 Jun 2024 | ₹11.4t | ₹1.8t | ₹135.8b | 46.9x | 83.7x | 6.1x |
| Thu, 16 May 2024 | ₹10.3t | ₹1.8t | ₹127.6b | 45x | 80.6x | 5.7x |
| Sat, 13 Apr 2024 | ₹8.9t | ₹1.8t | ₹119.5b | 36.9x | 74.7x | 5.1x |
| Mon, 11 Mar 2024 | ₹8.3t | ₹1.8t | ₹119.2b | 37.5x | 70x | 4.7x |
| Wed, 07 Feb 2024 | ₹7.7t | ₹1.7t | ₹115.5b | 40.7x | 66.9x | 4.5x |
| Fri, 05 Jan 2024 | ₹7.5t | ₹1.7t | ₹111.0b | 38.1x | 67.7x | 4.4x |
| Sun, 03 Dec 2023 | ₹6.9t | ₹1.7t | ₹110.8b | 35.5x | 62.1x | 4.1x |
| Tue, 31 Oct 2023 | ₹6.1t | ₹1.7t | ₹103.3b | 36.5x | 58.6x | 3.6x |
| Thu, 28 Sep 2023 | ₹7.1t | ₹1.6t | ₹98.5b | 38x | 72.2x | 4.3x |
| Sat, 26 Aug 2023 | ₹5.9t | ₹1.6t | ₹97.1b | 32.7x | 60.3x | 3.7x |
| Mon, 24 Jul 2023 | ₹5.5t | ₹1.6t | ₹116.2b | 30.7x | 47.5x | 3.6x |
| Wed, 21 Jun 2023 | ₹5.1t | ₹1.5t | ₹113.4b | 28.1x | 45.2x | 3.3x |
| Fri, 19 May 2023 | ₹4.5t | ₹1.5t | ₹82.3b | 24.3x | 54.5x | 3.1x |
| Sun, 16 Apr 2023 | ₹3.9t | ₹1.4t | ₹76.9b | 22.3x | 51.3x | 2.7x |
| Tue, 14 Mar 2023 | ₹3.9t | ₹1.4t | ₹77.0b | 18.4x | 50.6x | 2.7x |
| Thu, 09 Feb 2023 | ₹3.8t | ₹1.4t | ₹76.3b | 21.1x | 50.1x | 2.7x |
| Sat, 07 Jan 2023 | ₹3.7t | ₹1.4t | ₹76.9b | 24x | 47.9x | 2.6x |
Price to Earnings Ratio
47.9x
Current Industry PE
- Investors are pessimistic on the Indian Electrical 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 52.2x which is lower than its 3-year average PE of 63.6x.
- The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 43% per year over the last three years.
- Revenues for these companies have grown 23% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Industrials industry?
| IN Market | -0.90% | |
| Industrials | -1.37% | |
| Electrical | -1.45% | |
| Heavy Electrical Equipment | -1.22% | |
| Electrical Components | -1.69% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry even though it's trading below its 3-year average PE ratio of 117x.
- Analysts are expecting annual earnings growth of 27.5%, which is lower than the prior year's growth of 47.9% per year.
- Investors are most pessimistic about the Electrical Components industry, which is trading close to its 3-year average of 49.4x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 27% over the next 5 years.
- However this is lower than its past earnings growth rate of 48% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 19% per year over the next few years.
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 | ₹287.50 | 3.4% +₹32.7b | 23.3% | PE179.2x | |
| HEG HEG | ₹623.85 | 13.3% +₹14.1b | 17.6% | PE46.7x | |
| 509488 Graphite India | ₹642.10 | 12.5% +₹13.9b | 13.0% | PE52x | |
| 517271 HBL Engineering | ₹926.10 | 5.0% +₹12.3b | 46.3% | PE40.1x | |
| 517569 KEI Industries | ₹4.46k | 1.1% +₹4.8b | -0.2% | PE53.9x |
