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Indian (NIFTY) Electrical Industry Analysis

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies141
  • 7D2.7%
  • 3M7.3%
  • 1Y30.8%
  • YTD33.0%

Over the last 7 days, the Electrical industry has risen 2.7%, driven by gains from Hitachi Energy India of 11%. In the last 12 months, the industry was up 31%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026₹16.0t₹3.2t₹278.6b30.9x57.4x5x
Sat, 11 Jul 2026₹15.4t₹3.0t₹258.6b30.2x59.5x5.1x
Mon, 08 Jun 2026₹15.8t₹3.0t₹257.8b29.3x61.3x5.3x
Wed, 06 May 2026₹15.0t₹2.8t₹250.1b30.5x60x5.3x
Fri, 03 Apr 2026₹11.9t₹2.8t₹239.8b23.5x49.5x4.3x
Sun, 01 Mar 2026₹12.7t₹2.8t₹238.2b24.2x53.5x4.6x
Tue, 27 Jan 2026₹10.3t₹2.7t₹230.7b24.3x44.8x3.9x
Thu, 25 Dec 2025₹11.9t₹2.6t₹224.8b30.9x52.9x4.6x
Sat, 22 Nov 2025₹12.3t₹2.6t₹225.6b33.5x54.5x4.8x
Mon, 20 Oct 2025₹12.1t₹2.5t₹202.8b36.2x59.6x4.9x
Wed, 17 Sep 2025₹12.5t₹2.4t₹195.1b38.6x64.1x5.2x
Fri, 15 Aug 2025₹11.8t₹2.4t₹194.1b39.3x60.6x4.9x
Sun, 13 Jul 2025₹12.1t₹2.3t₹189.4b41x63.7x5.2x
Tue, 10 Jun 2025₹11.0t₹2.3t₹180.6b40.8x61.1x4.8x
Thu, 08 May 2025₹9.7t₹2.2t₹165.9b36.5x58.4x4.4x
Sat, 05 Apr 2025₹9.0t₹2.2t₹163.8b36.1x55x4.2x
Mon, 03 Mar 2025₹8.5t₹2.2t₹163.5b34.2x51.8x3.9x
Wed, 29 Jan 2025₹9.3t₹2.1t₹153.8b41.3x60.4x4.5x
Fri, 27 Dec 2024₹11.5t₹2.0t₹153.1b52.9x74.8x5.6x
Sun, 24 Nov 2024₹10.9t₹2.0t₹152.9b47.1x71.4x5.3x
Tue, 22 Oct 2024₹11.9t₹2.0t₹150.7b50.4x79.2x6.1x
Thu, 19 Sep 2024₹12.0t₹1.9t₹149.2b52x80.7x6.2x
Sat, 17 Aug 2024₹11.9t₹1.9t₹149.2b54.9x80x6.2x
Mon, 15 Jul 2024₹11.7t₹1.8t₹135.2b52.1x86.3x6.3x
Wed, 12 Jun 2024₹10.8t₹1.8t₹135.8b44.5x79.3x5.8x
Fri, 10 May 2024₹9.5t₹1.8t₹123.9b44.2x76.3x5.3x
Sun, 07 Apr 2024₹8.9t₹1.8t₹119.2b37.7x74.6x5x
Tue, 05 Mar 2024₹8.4t₹1.8t₹118.6b38.6x70.7x4.8x
Thu, 01 Feb 2024₹7.6t₹1.7t₹112.7b41.2x67.6x4.4x
Sat, 30 Dec 2023₹7.4t₹1.7t₹110.9b35.5x66.3x4.3x
Mon, 27 Nov 2023₹6.7t₹1.7t₹110.8b36.3x60.4x3.9x
Wed, 25 Oct 2023₹6.0t₹1.7t₹101.8b35.5x59.1x3.6x
Fri, 22 Sep 2023₹6.2t₹1.6t₹98.4b36.9x63x3.8x
Sun, 20 Aug 2023₹5.7t₹1.6t₹96.6b29.9x59x3.6x
Price to Earnings Ratio

59x


Total Market Cap: ₹5.7tTotal Earnings: ₹96.6bTotal Revenue: ₹1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electrical Industry Price to Earnings3Y Average 64.6x202420252026
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 57.4x 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 27% 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-0.082%
Industrials0.86%
Electrical2.69%
Heavy Electrical Equipment3.59%
Electrical Components1.60%
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?

CompanyLast Price7D1YValuation
POWERINDIA Hitachi Energy India₹35.36k10.8%
+₹154.2b		73.4%PE137x
ENRIN Siemens Energy India₹3.56k9.5%
+₹110.0b		12.2%PE85.2x
533553 TD Power Systems₹1.48k20.5%
+₹39.5b		191.5%PE84.2x
FINCABLES Finolex Cables₹1.25k20.7%
+₹32.8b		53.8%PE23.9x
500103 Bharat Heavy Electricals₹419.752.1%
+₹30.5b		89.5%PE60.1x

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