Adani Power Limited's (NSE:ADANIPOWER) Price Is Right But Growth Is Lacking
Nov 20
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Indian (NIFTY) Utilities Sector Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies50
- 7D-4.7%
- 3M-15.3%
- 1Y44.0%
- YTD10.3%
Over the last 7 days, the Utilities industry has dropped 4.7%, driven by a pullback from Adani Green Energy of 7.3%. Over the past 12 months, the industry was up 44%. Earnings are forecast to grow by 19% 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, 21 Nov 2024 | ₹20.8t | ₹7.4t | ₹1.0t | 27.7x | 20.2x | 2.8x |
| Sat, 19 Oct 2024 | ₹23.6t | ₹7.3t | ₹960.2b | 38.9x | 24.6x | 3.2x |
| Mon, 16 Sep 2024 | ₹23.7t | ₹7.3t | ₹960.9b | 35x | 24.7x | 3.3x |
| Wed, 14 Aug 2024 | ₹23.8t | ₹7.3t | ₹954.8b | 34.4x | 24.9x | 3.3x |
| Fri, 12 Jul 2024 | ₹24.0t | ₹7.1t | ₹977.5b | 38.8x | 24.5x | 3.4x |
| Sun, 09 Jun 2024 | ₹23.2t | ₹7.1t | ₹978.3b | 36.6x | 23.7x | 3.3x |
| Tue, 07 May 2024 | ₹22.0t | ₹7.0t | ₹839.7b | 28.5x | 26.2x | 3.2x |
| Thu, 04 Apr 2024 | ₹21.8t | ₹6.9t | ₹863.4b | 31.2x | 25.2x | 3.2x |
| Sat, 02 Mar 2024 | ₹21.3t | ₹6.9t | ₹864.2b | 29x | 24.6x | 3.1x |
| Mon, 29 Jan 2024 | ₹19.6t | ₹6.9t | ₹866.2b | 26.1x | 22.6x | 2.8x |
| Wed, 27 Dec 2023 | ₹18.2t | ₹6.8t | ₹835.7b | 24x | 21.8x | 2.7x |
| Fri, 24 Nov 2023 | ₹14.2t | ₹6.8t | ₹835.7b | 23.2x | 16.9x | 2.1x |
| Sun, 22 Oct 2023 | ₹13.5t | ₹6.7t | ₹707.8b | 19.8x | 19.1x | 2x |
| Tue, 19 Sep 2023 | ₹14.1t | ₹6.7t | ₹703.8b | 19.5x | 20x | 2.1x |
| Thu, 17 Aug 2023 | ₹12.8t | ₹6.7t | ₹704.0b | 18.1x | 18.2x | 1.9x |
| Sat, 15 Jul 2023 | ₹12.0t | ₹6.8t | ₹683.7b | 16.4x | 17.5x | 1.8x |
| Mon, 12 Jun 2023 | ₹12.0t | ₹6.8t | ₹697.5b | 15.4x | 17.2x | 1.8x |
| Wed, 10 May 2023 | ₹11.8t | ₹6.6t | ₹739.0b | 15.5x | 16x | 1.8x |
| Fri, 07 Apr 2023 | ₹11.3t | ₹6.6t | ₹709.8b | 14.9x | 16x | 1.7x |
| Sun, 05 Mar 2023 | ₹10.4t | ₹6.6t | ₹709.8b | 13.7x | 14.7x | 1.6x |
| Tue, 31 Jan 2023 | ₹14.2t | ₹6.4t | ₹739.4b | 15.6x | 19.2x | 2.2x |
| Thu, 29 Dec 2022 | ₹18.1t | ₹6.3t | ₹738.2b | 15.5x | 24.5x | 2.9x |
| Sat, 26 Nov 2022 | ₹18.9t | ₹6.3t | ₹743.3b | 16.3x | 25.5x | 3x |
| Mon, 24 Oct 2022 | ₹15.6t | ₹5.8t | ₹732.2b | 14.2x | 21.3x | 2.7x |
| Wed, 21 Sep 2022 | ₹17.6t | ₹5.8t | ₹731.6b | 17.4x | 24x | 3x |
| Fri, 19 Aug 2022 | ₹16.7t | ₹5.8t | ₹731.6b | 15.2x | 22.8x | 2.9x |
| Sun, 17 Jul 2022 | ₹14.1t | ₹5.1t | ₹676.5b | 16.5x | 20.8x | 2.7x |
| Tue, 14 Jun 2022 | ₹12.6t | ₹5.1t | ₹691.0b | 15.1x | 18.2x | 2.5x |
| Thu, 12 May 2022 | ₹13.1t | ₹4.9t | ₹693.1b | 16.9x | 18.9x | 2.7x |
| Sat, 09 Apr 2022 | ₹13.8t | ₹4.8t | ₹617.8b | 18.4x | 22.3x | 2.9x |
| Mon, 07 Mar 2022 | ₹11.7t | ₹4.8t | ₹617.8b | 16.6x | 19x | 2.4x |
| Wed, 02 Feb 2022 | ₹11.8t | ₹4.6t | ₹599.9b | 26.7x | 19.7x | 2.6x |
| Fri, 31 Dec 2021 | ₹10.8t | ₹4.5t | ₹590.2b | 25.1x | 18.3x | 2.4x |
| Sun, 28 Nov 2021 | ₹11.2t | ₹4.5t | ₹590.2b | 21.1x | 18.9x | 2.5x |
Price to Earnings Ratio
18.9x
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 20% per year over the last three years.
- Revenues for these companies have grown 18% 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 | -1.80% | |
| Utilities | -4.65% | |
| Other Utilities | 0% | |
| Water Utilities | -2.30% | |
| Electric Utilities | -3.11% | |
| Renewable Energy | -4.75% | |
| Gas Utilities | -7.96% | |
Industry PE
- Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 52.3x.
- Analysts are expecting annual earnings growth of 25.4%, which is lower than the prior year's growth of 465.5% per year.
- Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 23.0x.
Forecasted Growth
- Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 25% 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 | |
|---|---|---|---|---|---|
| 500400 Tata Power | ₹408.10 | 2.3% +₹28.9b | 55.8% | PE34.8x | |
| NHPC NHPC | ₹80.01 | 2.7% +₹20.8b | 46.9% | PE27x | |
| 542323 KPI Green Energy | ₹760.00 | 1.6% +₹9.6b | 90.6% | PE43.4x | |
| ACMESOLAR ACME Solar Holdings | ₹264.15 | 4.3% +₹6.7b | n/a | PE25.9x | |
| SJVN SJVN | ₹105.83 | 1.6% +₹6.4b | 30.6% | PE41.7x |
