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Indian (NIFTY) Utilities Sector Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies46
  • 7D-1.1%
  • 3M10.1%
  • 1Y107.8%
  • YTD93.3%

Over the last 7 days, the Utilities industry has dropped 1.1%, driven by pullbacks in Adani Green Energy and Adani Transmission of 7.9% and 6.9%, respectively. This takes the industry's 12 month performance to a gain of 108%.

Sector Valuation and Performance

Has the Indian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Tue, 30 Nov 2021₹11.2t₹4.5t₹590.2b21.1x
Thu, 28 Oct 2021₹11.1t₹4.4t₹592.1b20.5x
Sat, 25 Sep 2021₹10.0t₹4.4t₹591.5b17.5x
Mon, 23 Aug 2021₹8.8t₹4.4t₹591.4b14.5x
Sat, 10 Jul 2021₹8.7t₹4.4t₹591.4b18.4x
Fri, 02 Apr 2021₹7.5t₹4.1t₹504.8b15x
Mon, 04 Jan 2021₹7.2t₹4.1t₹424.7b10x
Thu, 08 Oct 2020₹5.5t₹4.1t₹388.4b8.7x
Wed, 01 Jul 2020₹5.2t₹4.1t₹382.8b8.8x
Sat, 04 Apr 2020₹4.1t₹4.3t₹410.0b7x
Tue, 07 Jan 2020₹5.5t₹4.2t₹398.6b9x
Mon, 30 Sep 2019₹5.2t₹4.2t₹384.9b10x
Thu, 04 Jul 2019₹5.5t₹4.2t₹319.4b10.9x
Sun, 07 Apr 2019₹5.5t₹4.1t₹332.4b11.5x
Wed, 09 Jan 2019₹5.4t₹3.7t₹299.1b12.9x
PE Ratio

12.1x

Total Market Cap: ₹5.3tTotal Earnings: ₹307.5bTotal Revenue: ₹3.7t0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 20.9x which is higher than its 3-year average PE of 11.6x. It appears they are confident that earnings will grow faster in the future than they have historically.

Past Earnings Growth: The earnings for companies in the Utilities industry have grown 24% per year over the last three years, and revenues for these companies have grown 7.4% 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 Utilities sector?

Electric Utilities0.87%
Gas Utilities-2.52%
Renewable Energy-2.59%
Water Utilities-3.57%

Industry PE: Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 9.5x. However analysts expect its future annual earnings growth (29%) to be largely in line with prior year's earnings growth, so the market might believe analysts are underestimating its future growth since investors are willing to pay a bigger premium today. Meanwhile, investors are most pessimistic about the Water Utilities industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 13.5x.

Forecasted Growth: Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 30% over the next 5 years. However this is lower than its past earnings growth rate of 56% per year. Meanwhile, the Electric Utilities industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
532898 Power Grid Corporation of India2.5%+₹34.5b43.4%PE8.9x
GUJGASLTD Gujarat Gas3.4%+₹15.1b96.6%PE31.4x
DPSCLTD India Power56.8%+₹8.3b105.2%PE85.2x
TORNTPOWER Torrent Power2.9%+₹7.6b73.8%PE20.5x
GSPL Gujarat State Petronet1.3%+₹2.2b37.5%PE9.8x
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Latest News

ADANIGREEN

₹1,295.40

Adani Green Energy

7D

-7.9%

1Y

14.2%