Narrative Update • Aug 05
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Indian (NIFTY) Electrical Industry Analysis
UpdatedAug 09, 2026
DataAggregated Company Financials
Companies142
- 7D3.3%
- 3M2.1%
- 1Y30.0%
- YTD30.4%
Over the last 7 days, the Electrical industry has risen 3.3%, driven by gains from Siemens Energy India of 13%. In the same time, Bharat Bijlee was down 7.6%. This takes the industry's 12 month performance to a gain of 30%. As for the next few years, earnings are expected to grow by 21% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 09 Aug 2026 | ₹15.7t | ₹3.2t | ₹277.1b | 29.3x | 56.6x | 4.9x |
| Tue, 07 Jul 2026 | ₹15.4t | ₹3.0t | ₹258.0b | 30.1x | 59.8x | 5.2x |
| Thu, 04 Jun 2026 | ₹15.7t | ₹3.0t | ₹257.5b | 28.8x | 60.8x | 5.2x |
| Sat, 02 May 2026 | ₹14.7t | ₹2.8t | ₹241.6b | 30.3x | 60.9x | 5.3x |
| Mon, 30 Mar 2026 | ₹11.8t | ₹2.8t | ₹238.2b | 22.4x | 49.5x | 4.3x |
| Wed, 25 Feb 2026 | ₹12.5t | ₹2.7t | ₹238.1b | 24.8x | 52.7x | 4.6x |
| Fri, 23 Jan 2026 | ₹10.6t | ₹2.7t | ₹230.7b | 24.9x | 45.9x | 4x |
| Sun, 21 Dec 2025 | ₹11.8t | ₹2.6t | ₹224.1b | 28.2x | 52.5x | 4.5x |
| Tue, 18 Nov 2025 | ₹12.5t | ₹2.6t | ₹223.4b | 36x | 56.2x | 4.9x |
| Thu, 16 Oct 2025 | ₹12.2t | ₹2.5t | ₹199.2b | 37x | 61x | 4.9x |
| Sat, 13 Sep 2025 | ₹12.3t | ₹2.4t | ₹195.1b | 37.8x | 63x | 5.1x |
| Mon, 11 Aug 2025 | ₹11.7t | ₹2.4t | ₹196.0b | 38.8x | 59.7x | 4.9x |
| Wed, 09 Jul 2025 | ₹12.1t | ₹2.3t | ₹188.3b | 42.5x | 64.2x | 5.2x |
| Fri, 06 Jun 2025 | ₹11.0t | ₹2.3t | ₹180.7b | 41.8x | 60.7x | 4.8x |
| Sun, 04 May 2025 | ₹9.6t | ₹2.2t | ₹165.8b | 37x | 57.9x | 4.4x |
| Tue, 01 Apr 2025 | ₹9.4t | ₹2.2t | ₹163.7b | 35x | 57.6x | 4.3x |
| Thu, 27 Feb 2025 | ₹9.3t | ₹2.2t | ₹163.2b | 35.9x | 56.7x | 4.3x |
| Sat, 25 Jan 2025 | ₹9.9t | ₹2.1t | ₹153.7b | 43.7x | 64.1x | 4.7x |
| Mon, 23 Dec 2024 | ₹11.4t | ₹2.0t | ₹152.8b | 52.7x | 74.5x | 5.6x |
| Wed, 20 Nov 2024 | ₹10.8t | ₹2.0t | ₹152.8b | 45.5x | 70.6x | 5.3x |
| Fri, 18 Oct 2024 | ₹12.3t | ₹1.9t | ₹150.4b | 52x | 81.9x | 6.3x |
| Sun, 15 Sep 2024 | ₹12.0t | ₹1.9t | ₹149.8b | 51.7x | 80.3x | 6.2x |
| Tue, 13 Aug 2024 | ₹11.7t | ₹1.9t | ₹150.2b | 54.4x | 78.1x | 6.1x |
| Thu, 11 Jul 2024 | ₹11.8t | ₹1.8t | ₹135.2b | 52.8x | 87x | 6.4x |
| Sat, 08 Jun 2024 | ₹10.7t | ₹1.8t | ₹135.8b | 42.9x | 79.1x | 5.8x |
| Mon, 06 May 2024 | ₹9.7t | ₹1.8t | ₹124.1b | 44.7x | 78.2x | 5.4x |
| Wed, 03 Apr 2024 | ₹8.7t | ₹1.8t | ₹119.2b | 37.2x | 73.2x | 5x |
| Fri, 01 Mar 2024 | ₹8.1t | ₹1.8t | ₹118.6b | 38x | 68.7x | 4.7x |
| Sun, 28 Jan 2024 | ₹7.5t | ₹1.7t | ₹112.1b | 39.3x | 66.6x | 4.3x |
| Tue, 26 Dec 2023 | ₹7.2t | ₹1.7t | ₹110.8b | 36.7x | 64.9x | 4.2x |
| Thu, 23 Nov 2023 | ₹6.7t | ₹1.7t | ₹110.8b | 35.4x | 60.1x | 3.9x |
| Sat, 21 Oct 2023 | ₹6.2t | ₹1.7t | ₹100.9b | 37.3x | 61.4x | 3.7x |
| Mon, 18 Sep 2023 | ₹6.2t | ₹1.6t | ₹96.0b | 34.8x | 64.1x | 3.9x |
| Wed, 16 Aug 2023 | ₹5.6t | ₹1.6t | ₹96.6b | 30.6x | 58.5x | 3.6x |
Price to Earnings Ratio
58.5x
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 56.6x which is lower than its 3-year average PE of 64.6x.
- The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 42% 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 Trends
Which industries have driven the changes within the Indian Industrials industry?
| IN Market | 1.27% | |
| Industrials | 2.45% | |
| Electrical | 3.32% | |
| Heavy Electrical Equipment | 3.37% | |
| Electrical Components | 3.27% | |
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 103x.
- Analysts expect its future annual earnings growth (22.4%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Electrical Components industry, which is trading close to its 3-year average of 50.8x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 22% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- 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 | |
|---|---|---|---|---|---|
| ENRIN Siemens Energy India | ₹3.65k | 12.9% +₹148.9b | 18.3% | PE87.3x | |
| 500002 ABB India | ₹7.60k | 4.3% +₹66.5b | 51.4% | PE101.8x | |
| 517569 KEI Industries | ₹5.63k | 12.5% +₹59.9b | 46.5% | PE53.9x | |
| CGPOWER CG Power and Industrial Solutions | ₹879.00 | 1.8% +₹24.6b | 31.9% | PE110.9x | |
| 522163 Diamond Power Infrastructure | ₹365.05 | 12.4% +₹24.2b | 136.9% | PE138x |
