Hitachi Energy India (NSE:POWERINDIA) Has A Pretty Healthy Balance Sheet
Jul 22
Indian (NIFTY) Electrical Industry Analysis
UpdatedJul 22, 2024
DataAggregated Company Financials
Companies108
- 7D-6.2%
- 3M19.5%
- 1Y86.0%
- YTD46.4%
Over the last 7 days, the Electrical industry has dropped 6.2%, driven by declines in ABB India and Bharat Heavy Electricals of 7.2% and 9.7%, respectively. Over the past 12 months, the industry was up 86%. Looking forward, earnings are forecast to grow by 29% 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 |
|---|---|---|---|---|---|---|
| Mon, 22 Jul 2024 | ₹11.0t | ₹1.9t | ₹136.7b | 50.2x | 80.2x | 5.9x |
| Wed, 19 Jun 2024 | ₹11.4t | ₹1.8t | ₹135.8b | 47.4x | 83.7x | 6.2x |
| Fri, 17 May 2024 | ₹10.4t | ₹1.8t | ₹127.6b | 45.4x | 81.8x | 5.8x |
| Sun, 14 Apr 2024 | ₹8.9t | ₹1.8t | ₹119.5b | 36.9x | 74.7x | 5.1x |
| Tue, 12 Mar 2024 | ₹8.3t | ₹1.8t | ₹119.2b | 36.4x | 69.5x | 4.7x |
| Thu, 08 Feb 2024 | ₹7.8t | ₹1.7t | ₹115.5b | 40.2x | 67.7x | 4.5x |
| Sat, 06 Jan 2024 | ₹7.6t | ₹1.7t | ₹111.0b | 38.7x | 68.2x | 4.5x |
| Mon, 04 Dec 2023 | ₹6.9t | ₹1.7t | ₹110.8b | 35.5x | 62.1x | 4.1x |
| Wed, 01 Nov 2023 | ₹6.0t | ₹1.7t | ₹103.3b | 36.4x | 58.5x | 3.6x |
| Fri, 29 Sep 2023 | ₹7.1t | ₹1.6t | ₹98.5b | 38.3x | 71.8x | 4.3x |
| Sun, 27 Aug 2023 | ₹5.9t | ₹1.6t | ₹97.3b | 32.7x | 60.2x | 3.7x |
| Tue, 25 Jul 2023 | ₹5.6t | ₹1.6t | ₹116.2b | 31.3x | 48x | 3.6x |
| Thu, 22 Jun 2023 | ₹5.1t | ₹1.5t | ₹113.4b | 27.2x | 45.1x | 3.3x |
| Sat, 20 May 2023 | ₹4.5t | ₹1.5t | ₹82.3b | 23.9x | 54.6x | 3.1x |
| Mon, 17 Apr 2023 | ₹3.9t | ₹1.4t | ₹76.9b | 22.3x | 51.3x | 2.7x |
| Wed, 15 Mar 2023 | ₹3.9t | ₹1.4t | ₹77.0b | 18.6x | 50.1x | 2.7x |
| Fri, 10 Feb 2023 | ₹3.9t | ₹1.4t | ₹75.4b | 22.5x | 51.4x | 2.7x |
| Sun, 08 Jan 2023 | ₹3.7t | ₹1.4t | ₹76.9b | 24x | 47.9x | 2.6x |
| Tue, 06 Dec 2022 | ₹3.8t | ₹1.4t | ₹76.9b | 22.4x | 49.7x | 2.7x |
| Thu, 03 Nov 2022 | ₹3.7t | ₹1.4t | ₹79.1b | 23.8x | 47.2x | 2.7x |
| Sat, 01 Oct 2022 | ₹3.6t | ₹1.4t | ₹79.0b | 22.6x | 45.7x | 2.7x |
| Mon, 29 Aug 2022 | ₹3.5t | ₹1.4t | ₹79.0b | 20.9x | 44.9x | 2.6x |
| Wed, 27 Jul 2022 | ₹3.2t | ₹1.3t | ₹74.2b | 20.3x | 43.5x | 2.5x |
| Fri, 24 Jun 2022 | ₹2.9t | ₹1.3t | ₹72.9b | 19.1x | 39.7x | 2.3x |
| Sun, 22 May 2022 | ₹3.1t | ₹1.2t | ₹53.1b | 19.3x | 58.1x | 2.5x |
| Tue, 19 Apr 2022 | ₹3.2t | ₹1.2t | ₹61.4b | 18.9x | 52.1x | 2.7x |
| Thu, 17 Mar 2022 | ₹3.0t | ₹1.2t | ₹61.4b | 18.2x | 48.4x | 2.5x |
| Sat, 12 Feb 2022 | ₹3.0t | ₹1.2t | ₹59.1b | 20.3x | 51.6x | 2.6x |
| Mon, 10 Jan 2022 | ₹3.3t | ₹1.1t | ₹37.9b | 22.3x | 86.1x | 2.9x |
| Wed, 08 Dec 2021 | ₹3.1t | ₹1.1t | ₹37.9b | 19.6x | 82.5x | 2.8x |
| Fri, 05 Nov 2021 | ₹3.1t | ₹1.1t | ₹26.3b | 28.1x | 118.4x | 2.9x |
| Sun, 03 Oct 2021 | ₹2.9t | ₹1.0t | ₹21.5b | 27.7x | 133.2x | 2.9x |
| Tue, 31 Aug 2021 | ₹2.7t | ₹1.0t | ₹21.8b | 22.8x | 121.5x | 2.6x |
Price to Earnings Ratio
117.9x
Current Industry PE
- Investors are optimistic on the Indian Electrical industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 80.2x which is higher than its 3-year average PE of 67.5x.
- The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 5.9x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 84% per year over the last three years.
- Revenues for these companies have grown 22% 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 | -1.34% | |
| Industrials | -4.79% | |
| Electrical | -6.16% | |
| Electrical Components | -5.45% | |
| Heavy Electrical Equipment | -7.00% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 81.1x.
- Analysts are expecting annual earnings growth of 39.2%, which is higher than its past year's earnings growth of 22.4% per year.
- Investors are most pessimistic about the Electrical Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 41.9x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings growth rate of 22% 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 | |
|---|---|---|---|---|---|
| 517271 HBL Power Systems | ₹589.90 | 3.1% +₹4.9b | 249.9% | PE58.2x | |
| INDOTECH Indo Tech Transformers | ₹2.22k | 15.6% +₹3.2b | 434.0% | PE50.3x | |
| 533193 Kirloskar Electric | ₹241.70 | 10.4% +₹1.5b | 98.4% | PE114x | |
| MARINE Marine Electricals (India) | ₹263.59 | 4.7% +₹1.5b | 312.2% | PE128.6x | |
| UNIVCABLES Universal Cables | ₹859.70 | 5.2% +₹1.5b | 91.9% | PE27.6x |
