Slammed 29% GVK Power & Infrastructure Limited (NSE:GVKPIL) Screens Well Here But There Might Be A Catch
Jul 23
Indian (NIFTY) Utilities Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies46
- 7D0.3%
- 3M8.2%
- 1Y86.5%
- YTD27.7%
Over the last 7 days, the Utilities industry has remained flat, although notably NTPC gained 8.7%. As for the the longer term, the industry is up 87% over the past 12 months. Earnings are forecast to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ₹23.8t | ₹7.1t | ₹979.4b | 39.1x | 24.3x | 3.4x |
| Sun, 23 Jun 2024 | ₹23.2t | ₹7.1t | ₹977.5b | 37.3x | 23.8x | 3.3x |
| Tue, 21 May 2024 | ₹22.4t | ₹7.0t | ₹852.8b | 31.2x | 26.3x | 3.2x |
| Thu, 18 Apr 2024 | ₹21.7t | ₹6.9t | ₹863.4b | 30.5x | 25.2x | 3.2x |
| Sat, 16 Mar 2024 | ₹20.3t | ₹6.9t | ₹864.2b | 28.7x | 23.4x | 2.9x |
| Mon, 12 Feb 2024 | ₹21.0t | ₹6.9t | ₹896.4b | 30.5x | 23.5x | 3.1x |
| Wed, 10 Jan 2024 | ₹19.3t | ₹6.8t | ₹835.8b | 25.7x | 23.1x | 2.8x |
| Fri, 08 Dec 2023 | ₹18.4t | ₹6.8t | ₹835.7b | 23.6x | 22.1x | 2.7x |
| Sun, 05 Nov 2023 | ₹13.6t | ₹6.8t | ₹803.6b | 19.8x | 17x | 2x |
| Tue, 03 Oct 2023 | ₹14.1t | ₹6.7t | ₹703.8b | 19.7x | 20x | 2.1x |
| Thu, 31 Aug 2023 | ₹13.2t | ₹6.7t | ₹704.0b | 19.3x | 18.8x | 2x |
| Sat, 29 Jul 2023 | ₹12.9t | ₹6.8t | ₹681.4b | 17.2x | 18.9x | 1.9x |
| Mon, 26 Jun 2023 | ₹11.8t | ₹6.8t | ₹697.6b | 16.6x | 17x | 1.7x |
| Wed, 24 May 2023 | ₹11.8t | ₹6.8t | ₹711.4b | 19.7x | 16.6x | 1.7x |
| Fri, 21 Apr 2023 | ₹11.7t | ₹6.6t | ₹710.1b | 15.3x | 16.5x | 1.8x |
| Sun, 19 Mar 2023 | ₹11.5t | ₹6.6t | ₹709.8b | 14.9x | 16.3x | 1.7x |
| Tue, 14 Feb 2023 | ₹11.2t | ₹6.6t | ₹712.5b | 12.3x | 15.8x | 1.7x |
| Thu, 12 Jan 2023 | ₹17.9t | ₹6.3t | ₹738.2b | 15.9x | 24.3x | 2.9x |
| Sat, 10 Dec 2022 | ₹18.7t | ₹6.3t | ₹738.2b | 16x | 25.3x | 3x |
| Mon, 07 Nov 2022 | ₹16.6t | ₹6.2t | ₹721.0b | 16.3x | 23.1x | 2.7x |
| Wed, 05 Oct 2022 | ₹15.6t | ₹5.8t | ₹731.6b | 16x | 21.3x | 2.7x |
| Fri, 02 Sep 2022 | ₹17.3t | ₹5.8t | ₹731.6b | 15.8x | 23.6x | 3x |
| Sun, 31 Jul 2022 | ₹14.9t | ₹3.9t | ₹689.4b | 14.7x | 21.6x | 3.9x |
| Tue, 28 Jun 2022 | ₹12.3t | ₹5.1t | ₹690.7b | 14.9x | 17.9x | 2.4x |
| Thu, 26 May 2022 | ₹12.9t | ₹5.0t | ₹687.2b | 17.2x | 18.7x | 2.6x |
| Sat, 23 Apr 2022 | ₹14.0t | ₹4.8t | ₹617.8b | 17.8x | 22.7x | 2.9x |
| Mon, 21 Mar 2022 | ₹11.8t | ₹4.8t | ₹617.8b | 18.9x | 19.1x | 2.4x |
| Wed, 16 Feb 2022 | ₹11.4t | ₹4.8t | ₹617.4b | 18.6x | 18.4x | 2.4x |
| Fri, 14 Jan 2022 | ₹11.8t | ₹4.5t | ₹590.2b | 30.2x | 20.1x | 2.6x |
| Sun, 12 Dec 2021 | ₹11.3t | ₹4.5t | ₹590.2b | 22.3x | 19.2x | 2.5x |
| Tue, 09 Nov 2021 | ₹11.0t | ₹4.5t | ₹585.5b | 17.7x | 18.8x | 2.4x |
| Thu, 07 Oct 2021 | ₹10.8t | ₹4.4t | ₹591.5b | 17.4x | 18.2x | 2.5x |
| Sat, 04 Sep 2021 | ₹10.1t | ₹4.4t | ₹591.4b | 16.8x | 17.1x | 2.3x |
| Mon, 02 Aug 2021 | ₹8.5t | ₹4.4t | ₹591.4b | 19.3x | 14.4x | 2x |
Price to Earnings Ratio
14.4x
Current Industry PE
- Investors are optimistic on the Indian Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 24.3x which is higher than its 3-year average PE of 20.3x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 17% 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 | -1.05% | |
| Utilities | 0.34% | |
| Water Utilities | 6.81% | |
| Renewable Energy | 0.77% | |
| Gas Utilities | 0.15% | |
| Other Utilities | 0% | |
| Electric Utilities | -0.35% | |
Industry PE
- Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 50.4x.
- Analysts are expecting annual earnings growth of 20.8%, which is lower than the prior year's growth of 1,789.2% per year.
- Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.2x.
Forecasted Growth
- Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 21% over the next 5 years.
- In contrast, the Gas Utilities industry is expected to see its earnings grow by 3.5% 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 | |
|---|---|---|---|---|---|
| NTPC NTPC | ₹396.30 | 8.7% +₹306.9b | 88.7% | PE18.5x | |
| ADANIGREEN Adani Green Energy | ₹1.80k | 4.7% +₹127.4b | 65.1% | PE258.1x | |
| POWERGRID Power Grid Corporation of India | ₹344.20 | 3.6% +₹111.6b | 77.7% | PE20.6x | |
| 500400 Tata Power | ₹444.65 | 7.4% +₹97.5b | 89.6% | PE38.4x | |
| GAIL GAIL (India) | ₹230.64 | 5.0% +₹71.5b | 96.3% | PE15.3x |