Additional Considerations Required While Assessing GAIL (India)'s (NSE:GAIL) Strong Earnings
May 21
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Indian (NIFTY) Utilities Sector Analysis
UpdatedMay 22, 2025
DataAggregated Company Financials
Companies51
- 7D1.6%
- 3M11.2%
- 1Y-16.3%
- YTD-2.8%
In the last week, the Utilities industry is up 1.6%, with NTPC up 2.2%. However, the industry is down 16% over the past year. Earnings are forecast to grow by 15% annually.
Sector Valuation and Performance
Has the Indian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 22 May 2025 | ₹20.6t | ₹7.6t | ₹954.7b | 26.9x | 21.5x | 2.7x |
| Sat, 19 Apr 2025 | ₹20.5t | ₹7.5t | ₹1.0t | 28.5x | 19.8x | 2.7x |
| Mon, 17 Mar 2025 | ₹18.6t | ₹7.5t | ₹1.0t | 26.2x | 17.9x | 2.5x |
| Wed, 12 Feb 2025 | ₹18.4t | ₹7.5t | ₹1.1t | 27.4x | 17.2x | 2.4x |
| Fri, 10 Jan 2025 | ₹20.0t | ₹7.4t | ₹1.0t | 30.3x | 19.4x | 2.7x |
| Sun, 08 Dec 2024 | ₹22.6t | ₹7.4t | ₹1.0t | 31x | 21.9x | 3.1x |
| Tue, 05 Nov 2024 | ₹22.2t | ₹7.3t | ₹947.5b | 37.2x | 23.4x | 3x |
| Thu, 03 Oct 2024 | ₹25.0t | ₹7.3t | ₹960.9b | 37x | 26x | 3.4x |
| Sat, 31 Aug 2024 | ₹24.0t | ₹7.3t | ₹960.9b | 33.7x | 25x | 3.3x |
| Mon, 29 Jul 2024 | ₹24.2t | ₹7.1t | ₹979.0b | 39x | 24.7x | 3.4x |
| Wed, 26 Jun 2024 | ₹23.2t | ₹7.1t | ₹977.5b | 37.2x | 23.7x | 3.3x |
| Fri, 24 May 2024 | ₹23.2t | ₹7.0t | ₹941.9b | 28.1x | 24.7x | 3.3x |
| Sun, 21 Apr 2024 | ₹21.5t | ₹6.9t | ₹863.8b | 30.3x | 24.9x | 3.1x |
| Tue, 19 Mar 2024 | ₹20.2t | ₹6.9t | ₹864.2b | 27.9x | 23.4x | 2.9x |
| Thu, 15 Feb 2024 | ₹20.6t | ₹6.9t | ₹893.1b | 28x | 23.1x | 3x |
| Sat, 13 Jan 2024 | ₹19.4t | ₹6.8t | ₹835.9b | 26.1x | 23.2x | 2.8x |
| Mon, 11 Dec 2023 | ₹18.1t | ₹6.8t | ₹835.7b | 23.6x | 21.6x | 2.6x |
| Wed, 08 Nov 2023 | ₹13.8t | ₹6.8t | ₹804.7b | 20x | 17.2x | 2x |
| Fri, 06 Oct 2023 | ₹14.1t | ₹6.7t | ₹703.8b | 19.5x | 20x | 2.1x |
| Sun, 03 Sep 2023 | ₹13.4t | ₹6.7t | ₹704.0b | 19.5x | 19x | 2x |
| Tue, 01 Aug 2023 | ₹13.1t | ₹6.8t | ₹688.9b | 17.4x | 19.1x | 1.9x |
| Thu, 29 Jun 2023 | ₹11.9t | ₹6.8t | ₹697.8b | 17.2x | 17.1x | 1.7x |
| Sat, 27 May 2023 | ₹11.8t | ₹6.8t | ₹705.4b | 20x | 16.8x | 1.7x |
| Mon, 24 Apr 2023 | ₹11.6t | ₹6.6t | ₹710.2b | 15.2x | 16.4x | 1.8x |
| Wed, 22 Mar 2023 | ₹11.5t | ₹6.6t | ₹709.8b | 14.9x | 16.2x | 1.7x |
| Fri, 17 Feb 2023 | ₹10.7t | ₹6.6t | ₹709.9b | 13x | 15.1x | 1.6x |
| Sun, 15 Jan 2023 | ₹18.2t | ₹6.3t | ₹738.2b | 15.7x | 24.7x | 2.9x |
| Tue, 13 Dec 2022 | ₹18.7t | ₹6.3t | ₹738.2b | 16.1x | 25.3x | 3x |
| Thu, 10 Nov 2022 | ₹16.5t | ₹6.2t | ₹721.0b | 17.1x | 22.9x | 2.7x |
| Sat, 08 Oct 2022 | ₹15.7t | ₹5.8t | ₹731.6b | 16.2x | 21.5x | 2.7x |
| Mon, 05 Sep 2022 | ₹17.2t | ₹5.8t | ₹731.6b | 16.6x | 23.5x | 3x |
| Wed, 03 Aug 2022 | ₹15.7t | ₹5.3t | ₹689.4b | 15.6x | 22.7x | 2.9x |
| Fri, 01 Jul 2022 | ₹12.8t | ₹5.1t | ₹690.7b | 15.7x | 18.5x | 2.5x |
| Sun, 29 May 2022 | ₹13.3t | ₹5.0t | ₹680.3b | 16x | 19.6x | 2.7x |
Price to Earnings Ratio
19.6x
Current Industry PE
- Investors are relatively neutral on the Indian Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 21.0x.
- The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 15% 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?
| IN Market | 1.42% | |
| Utilities | 1.60% | |
| Renewable Energy | 2.84% | |
| Water Utilities | 1.67% | |
| Gas Utilities | 1.20% | |
| Electric Utilities | -0.19% | |
Industry PE
- Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 55.7x.
- Analysts are expecting annual earnings growth of 24.0%, which is lower than the prior year's growth of 334.0% per year.
- Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 21.7x.
Forecasted Growth
- Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 24% over the next 5 years.
- In contrast, the Gas Utilities industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| NTPCGREEN NTPC Green Energy | ₹112.18 | 9.8% +₹84.4b | n/a | PE198.8x | |
| GAIL GAIL (India) | ₹192.61 | 4.1% +₹49.9b | -3.9% | PE10.2x | |
| ADANIPOWER Adani Power | ₹553.70 | 2.0% +₹40.9b | -22.2% | PE16.5x | |
| ADANIGREEN Adani Green Energy | ₹985.85 | 1.9% +₹34.2b | -47.8% | PE109.9x | |
| 533148 JSW Energy | ₹499.85 | 2.6% +₹21.9b | -19.0% | PE44.7x |
