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Indian (NIFTY) Utilities Sector Analysis

UpdatedApr 19, 2024
DataAggregated Company Financials
Companies44
  • 7D-2.7%
  • 3M14.0%
  • 1Y84.1%
  • YTD16.4%

Over the last 7 days, the Utilities industry has dropped 2.7%, driven by a pullback from Adani Green Energy of 6.1%. This takes the industry's 12 month performance to a gain of 84%. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Apr 2024₹21.6t₹6.9t₹863.8b30.5x25x3.1x
Mon, 18 Mar 2024₹20.3t₹6.9t₹864.2b28.7x23.4x2.9x
Wed, 14 Feb 2024₹20.3t₹6.9t₹894.6b27.3x22.7x2.9x
Fri, 12 Jan 2024₹19.3t₹6.8t₹835.8b26.2x23.1x2.8x
Sun, 10 Dec 2023₹18.1t₹6.8t₹835.7b23.6x21.6x2.6x
Tue, 07 Nov 2023₹13.8t₹6.8t₹803.6b19.9x17.2x2x
Thu, 05 Oct 2023₹14.1t₹6.7t₹703.8b19.2x20x2.1x
Sat, 02 Sep 2023₹13.4t₹6.7t₹704.0b19.5x19x2x
Mon, 31 Jul 2023₹12.9t₹6.8t₹688.9b17.2x18.7x1.9x
Wed, 28 Jun 2023₹11.9t₹6.8t₹697.8b17.5x17.1x1.7x
Fri, 26 May 2023₹11.9t₹6.8t₹705.5b19.8x16.9x1.8x
Sun, 23 Apr 2023₹11.6t₹6.6t₹710.2b15.2x16.4x1.8x
Tue, 21 Mar 2023₹11.4t₹6.6t₹709.8b14.7x16.1x1.7x
Thu, 16 Feb 2023₹10.8t₹6.6t₹709.8b12.9x15.2x1.6x
Sat, 14 Jan 2023₹18.2t₹6.3t₹738.2b15.7x24.7x2.9x
Mon, 12 Dec 2022₹18.7t₹6.3t₹738.2b16x25.3x3x
Wed, 09 Nov 2022₹16.8t₹6.2t₹721.0b16.4x23.2x2.7x
Fri, 07 Oct 2022₹15.9t₹5.8t₹731.6b15.8x21.7x2.7x
Sun, 04 Sep 2022₹17.2t₹5.8t₹731.6b16.6x23.5x3x
Tue, 02 Aug 2022₹15.3t₹5.3t₹689.4b15.3x22.3x2.9x
Thu, 30 Jun 2022₹12.6t₹5.1t₹690.7b15.5x18.3x2.5x
Sat, 28 May 2022₹13.3t₹4.9t₹681.4b17.2x19.6x2.7x
Mon, 25 Apr 2022₹14.0t₹4.8t₹617.8b17.8x22.7x2.9x
Wed, 23 Mar 2022₹11.8t₹4.8t₹617.8b17.9x19x2.4x
Fri, 18 Feb 2022₹11.4t₹4.8t₹617.8b18.4x18.5x2.4x
Sun, 16 Jan 2022₹11.8t₹4.5t₹590.2b29.7x20x2.6x
Tue, 14 Dec 2021₹11.3t₹4.5t₹590.2b22.3x19.1x2.5x
Thu, 11 Nov 2021₹11.2t₹4.6t₹588.7b18x19x2.5x
Sat, 09 Oct 2021₹10.7t₹4.4t₹591.5b18.4x18x2.4x
Mon, 06 Sep 2021₹10.0t₹4.4t₹590.9b17.4x16.9x2.3x
Wed, 04 Aug 2021₹8.6t₹4.4t₹591.4b18.9x14.5x2x
Sat, 08 May 2021₹7.9t₹4.1t₹504.8b14.8x15.7x1.9x
Price to Earnings Ratio

15.7x


Total Market Cap: ₹7.9tTotal Earnings: ₹504.8bTotal Revenue: ₹4.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Utilities Sector Price to Earnings3Y Average 19.6x202220232024
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 25.0x which is higher than its 3-year average PE of 19.6x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 19% 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-2.46%
Utilities-2.74%
Water Utilities15.46%
Other Utilities0%
Electric Utilities-1.60%
Gas Utilities-2.30%
Renewable Energy-3.61%
Industry PE
  • Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 47.3x.
    • Analysts are expecting annual earnings growth of 42.7%, which is higher than its past year's earnings decline of 63.7% 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 15.1x.
Forecasted Growth
  • Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 64% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 7.2% 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
POWERGRID Power Grid Corporation of India₹281.652.3%
+₹59.5b
62.2%PE16.7x
533148 JSW Energy₹626.351.7%
+₹18.7b
146.5%PE66.5x
WABAG VA Tech Wabag₹909.8014.5%
+₹7.2b
132.5%PE91.5x
PTC PTC India₹219.9510.1%
+₹6.0b
140.5%PE12.8x
GAIL GAIL (India)₹201.950.4%
+₹5.6b
86.4%PE16.5x
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Latest News

IRMENERGY

₹559.00

IRM Energy

7D

16.9%

1Y

n/a

500400

₹428.00

Tata Power

7D

-2.1%

1Y

118.7%

533148

₹626.35

JSW Energy

7D

1.7%

1Y

146.5%

GAIL

₹201.95

GAIL (India)

7D

0.4%

1Y

86.4%

NTPC

₹350.55

NTPC

7D

-3.1%

1Y

106.6%

TORNTPOWER

₹1,501.15

Torrent Power

7D

-5.1%

1Y

177.6%

NHPC

₹87.15

NHPC

7D

-5.5%

1Y

103.4%

ADANIGREEN

₹1,770.05

Adani Green Energy

7D

-6.1%

1Y

93.2%

ADANIENSOL

₹1,040.60

Adani Energy Solutions

7D

-2.6%

1Y

4.6%

RPOWER

₹28.05

Reliance Power

7D

2.6%

1Y

133.8%