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Indian (NIFTY) Utilities Sector Analysis

UpdatedApr 20, 2025
DataAggregated Company Financials
Companies52
  • 7D4.0%
  • 3M0.3%
  • 1Y-10.3%
  • YTD-2.7%

Over the last 7 days, the Utilities industry has risen 4.0%, and Adani Power contributed the most with a gain of 6.1%. In contrast, the industry has lost 10% in the last 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Apr 2025₹20.5t₹7.5t₹1.0t28.5x19.8x2.7x
Tue, 18 Mar 2025₹18.6t₹7.5t₹1.0t25.9x18x2.5x
Thu, 13 Feb 2025₹18.3t₹7.5t₹1.1t27.2x17.2x2.4x
Sat, 11 Jan 2025₹19.5t₹7.4t₹1.0t29.6x18.8x2.6x
Mon, 09 Dec 2024₹22.6t₹7.4t₹1.0t31x21.9x3.1x
Wed, 06 Nov 2024₹22.4t₹7.3t₹947.5b36.5x23.6x3.1x
Fri, 04 Oct 2024₹24.6t₹7.3t₹960.9b36.8x25.6x3.4x
Sun, 01 Sep 2024₹24.0t₹7.3t₹960.9b33.7x25x3.3x
Tue, 30 Jul 2024₹24.2t₹7.1t₹979.0b40.2x24.8x3.4x
Thu, 27 Jun 2024₹23.2t₹7.1t₹977.5b37.4x23.7x3.3x
Sat, 25 May 2024₹23.3t₹7.0t₹941.9b28.2x24.7x3.3x
Mon, 22 Apr 2024₹21.5t₹6.9t₹863.8b30.3x24.9x3.1x
Wed, 20 Mar 2024₹19.9t₹6.9t₹864.2b26.9x23x2.9x
Fri, 16 Feb 2024₹21.1t₹6.9t₹893.2b31.4x23.7x3.1x
Sun, 14 Jan 2024₹19.4t₹6.8t₹835.9b26.1x23.2x2.8x
Tue, 12 Dec 2023₹18.1t₹6.8t₹835.7b24.3x21.7x2.7x
Thu, 09 Nov 2023₹13.9t₹6.8t₹806.0b20.1x17.2x2x
Sat, 07 Oct 2023₹13.8t₹6.7t₹703.8b19.7x19.6x2x
Mon, 04 Sep 2023₹13.4t₹6.7t₹704.0b19.5x19x2x
Wed, 02 Aug 2023₹13.1t₹6.8t₹673.2b18.6x19.5x1.9x
Fri, 30 Jun 2023₹12.0t₹6.8t₹697.8b17.2x17.2x1.8x
Sun, 28 May 2023₹11.8t₹6.8t₹705.4b20x16.8x1.7x
Tue, 25 Apr 2023₹11.6t₹6.6t₹710.2b15.4x16.3x1.8x
Thu, 23 Mar 2023₹11.7t₹6.6t₹709.8b14.8x16.4x1.8x
Sat, 18 Feb 2023₹10.7t₹6.6t₹709.9b12.8x15x1.6x
Mon, 16 Jan 2023₹18.2t₹6.3t₹738.2b15.7x24.7x2.9x
Wed, 14 Dec 2022₹18.6t₹6.3t₹738.2b16x25.2x3x
Fri, 11 Nov 2022₹16.5t₹6.2t₹721.0b17.1x22.9x2.7x
Sun, 09 Oct 2022₹15.7t₹5.8t₹731.6b16.2x21.5x2.7x
Tue, 06 Sep 2022₹17.1t₹5.8t₹731.6b17.1x23.4x3x
Thu, 04 Aug 2022₹15.8t₹5.3t₹689.4b15.2x22.9x3x
Sat, 02 Jul 2022₹12.6t₹5.1t₹690.7b16.1x18.3x2.5x
Mon, 30 May 2022₹13.3t₹5.0t₹680.3b16x19.6x2.7x
Wed, 27 Apr 2022₹14.5t₹4.8t₹617.8b17.2x23.4x3x
Price to Earnings Ratio

23.4x


Total Market Cap: ₹14.5tTotal Earnings: ₹617.8bTotal Revenue: ₹4.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Utilities Sector Price to Earnings3Y Average 21.1x202320242025
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 21.1x.
  • 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 Market4.32%
Utilities3.99%
Gas Utilities4.95%
Renewable Energy4.16%
Electric Utilities3.37%
Water Utilities2.28%
Industry PE
  • Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 55.1x.
    • 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 22.0x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • 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?

CompanyLast Price7D1YValuation
ADANIPOWER Adani Power₹549.706.1%
+₹121.3b
-7.5%PE17.5x
NTPCGREEN NTPC Green Energy₹108.2513.0%
+₹105.0b
n/aPE291.2x
GAIL GAIL (India)₹186.998.9%
+₹100.5b
-7.4%PE9.9x
ADANIGREEN Adani Green Energy₹947.156.0%
+₹84.7b
-46.5%PE120.3x
ADANIENSOL Adani Energy Solutions₹914.158.2%
+₹83.3b
-12.2%PE141.8x
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Latest News

POWERGRID

₹309.00

Power Grid Corporation of India

7D

1.6%

1Y

9.7%

500400

₹381.35

Tata Power

7D

4.6%

1Y

-10.9%

ADANIGREEN

₹947.15

Adani Green Energy

7D

6.0%

1Y

-46.5%

526025

₹15.90

Globus Power Generation

7D

-3.6%

1Y

7.6%

NTPC

₹364.00

NTPC

7D

1.1%

1Y

3.8%

NTPCGREEN

₹108.25

NTPC Green Energy

7D

13.0%

1Y

n/a

MGL

₹1,251.60

Mahanagar Gas

7D

-2.0%

1Y

-10.0%

ADANIENSOL

₹914.15

Adani Energy Solutions

7D

8.2%

1Y

-12.2%

513452

₹8.90

Elango Industries

7D

-4.1%

1Y

-19.9%

533451

₹55.28

Karma Energy

7D

-0.6%

1Y

-18.5%

GSPL

₹313.60

Gujarat State Petronet

7D

-0.2%

1Y

-17.0%

532219

₹19.09

Energy Development

7D

-0.3%

1Y

-19.4%