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Indian (NIFTY) Utilities Sector Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies52
- 7D1.0%
- 3M-11.8%
- 1Y-18.1%
- YTD-12.5%
The Utilities industry is up 1.0% in the last week, with NTPC up 6.0%. In the same time, Adani Energy Solutions was down 8.9%. In contrast, the industry has lost 18% in the last 12 months. Earnings are forecast to grow by 17% 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, 21 Feb 2025 | ₹18.5t | ₹7.5t | ₹1.0t | 27.6x | 17.8x | 2.5x |
| Sun, 19 Jan 2025 | ₹20.5t | ₹7.4t | ₹1.0t | 30x | 19.8x | 2.8x |
| Tue, 17 Dec 2024 | ₹22.3t | ₹7.4t | ₹1.0t | 30.8x | 21.6x | 3x |
| Thu, 14 Nov 2024 | ₹21.4t | ₹7.4t | ₹949.9b | 34x | 22.5x | 2.9x |
| Sat, 12 Oct 2024 | ₹24.0t | ₹7.3t | ₹960.2b | 37.5x | 25x | 3.3x |
| Mon, 09 Sep 2024 | ₹23.6t | ₹7.3t | ₹960.9b | 35.2x | 24.6x | 3.2x |
| Wed, 07 Aug 2024 | ₹24.1t | ₹7.2t | ₹950.7b | 36.7x | 25.3x | 3.3x |
| Fri, 05 Jul 2024 | ₹23.5t | ₹7.1t | ₹977.5b | 38.1x | 24.1x | 3.3x |
| Sun, 02 Jun 2024 | ₹23.3t | ₹7.1t | ₹953.1b | 35.3x | 24.5x | 3.3x |
| Tue, 30 Apr 2024 | ₹22.1t | ₹6.9t | ₹870.4b | 28.2x | 25.4x | 3.2x |
| Thu, 28 Mar 2024 | ₹20.5t | ₹6.9t | ₹864.2b | 27.3x | 23.7x | 3x |
| Sat, 24 Feb 2024 | ₹21.2t | ₹6.9t | ₹864.2b | 29.2x | 24.5x | 3.1x |
| Mon, 22 Jan 2024 | ₹19.5t | ₹6.8t | ₹835.5b | 26.1x | 23.3x | 2.8x |
| Wed, 20 Dec 2023 | ₹18.2t | ₹6.8t | ₹835.7b | 24.6x | 21.8x | 2.7x |
| Fri, 17 Nov 2023 | ₹14.2t | ₹6.8t | ₹835.7b | 23.3x | 16.9x | 2.1x |
| Sun, 15 Oct 2023 | ₹13.7t | ₹6.7t | ₹703.9b | 19.8x | 19.5x | 2x |
| Tue, 12 Sep 2023 | ₹13.9t | ₹6.7t | ₹703.9b | 19.9x | 19.8x | 2.1x |
| Thu, 10 Aug 2023 | ₹12.8t | ₹6.7t | ₹712.5b | 18.9x | 17.9x | 1.9x |
| Sat, 08 Jul 2023 | ₹12.2t | ₹6.8t | ₹683.9b | 18.5x | 17.8x | 1.8x |
| Mon, 05 Jun 2023 | ₹11.7t | ₹6.8t | ₹697.5b | 13x | 16.7x | 1.7x |
| Wed, 03 May 2023 | ₹12.0t | ₹6.6t | ₹710.2b | 15.2x | 16.9x | 1.8x |
| Fri, 31 Mar 2023 | ₹11.3t | ₹6.6t | ₹709.8b | 14.9x | 15.9x | 1.7x |
| Sun, 26 Feb 2023 | ₹10.0t | ₹6.6t | ₹709.8b | 13.3x | 14.1x | 1.5x |
| Tue, 24 Jan 2023 | ₹18.7t | ₹6.3t | ₹736.8b | 16.2x | 25.4x | 3x |
| Thu, 22 Dec 2022 | ₹18.2t | ₹6.3t | ₹738.2b | 16.3x | 24.6x | 2.9x |
| Sat, 19 Nov 2022 | ₹19.3t | ₹6.3t | ₹742.5b | 15.8x | 26x | 3.1x |
| Mon, 17 Oct 2022 | ₹15.0t | ₹5.8t | ₹731.6b | 15.6x | 20.6x | 2.6x |
| Wed, 14 Sep 2022 | ₹17.5t | ₹5.8t | ₹731.6b | 17.7x | 23.9x | 3x |
| Fri, 12 Aug 2022 | ₹15.9t | ₹5.7t | ₹728.8b | 15.8x | 21.8x | 2.8x |
| Sun, 10 Jul 2022 | ₹13.2t | ₹5.1t | ₹676.5b | 16.2x | 19.6x | 2.6x |
| Tue, 07 Jun 2022 | ₹13.1t | ₹5.1t | ₹691.0b | 15.2x | 19x | 2.6x |
| Thu, 05 May 2022 | ₹14.1t | ₹4.8t | ₹617.8b | 16.2x | 22.8x | 2.9x |
| Sat, 02 Apr 2022 | ₹13.0t | ₹4.8t | ₹617.8b | 18x | 21x | 2.7x |
| Mon, 28 Feb 2022 | ₹11.0t | ₹4.8t | ₹617.8b | 16.6x | 17.8x | 2.3x |
Price to Earnings Ratio
17.8x
Current Industry PE
- Investors are pessimistic on the Indian Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 17.8x which is lower than its 3-year average PE of 21.2x.
- 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 19% per year over the last three years.
- Revenues for these companies have grown 16% 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 | -0.74% | |
| Utilities | 1.00% | |
| Gas Utilities | 1.41% | |
| Renewable Energy | 1.22% | |
| Electric Utilities | 0.57% | |
| Other Utilities | 0% | 0 |
| Water Utilities | -5.86% | |
Industry PE
- Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 54.2x.
- Analysts are expecting annual earnings growth of 25.7%, 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 22.4x.
Forecasted Growth
- Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 26% 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 | |
|---|---|---|---|---|---|
| NTPC NTPC | ₹326.25 | 8.6% +₹251.1b | -3.4% | PE14.4x | |
| 533148 JSW Energy | ₹496.55 | 13.6% +₹103.9b | -1.8% | PE45.7x | |
| NHPC NHPC | ₹79.89 | 9.0% +₹66.3b | -12.8% | PE29.4x | |
| 500400 Tata Power | ₹357.40 | 6.0% +₹64.5b | -5.5% | PE29.9x | |
| POWERGRID Power Grid Corporation of India | ₹261.90 | 1.8% +₹42.3b | -7.1% | PE15.7x |
