Indian (NIFTY) Electric Utilities Industry Analysis

UpdatedMay 17, 2026

DataAggregated Company Financials

Companies11

7D-4.9%
3M10.7%
1Y5.6%
YTD12.8%

Over the last 7 days, the Electric Utilities industry has dropped 4.9%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 5.6%. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

Has the Indian Electric Utilities Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 17 May 2026	₹7.2t	₹2.2t	₹333.3b	34.7x	21.6x	3.3x
Tue, 14 Apr 2026	₹7.0t	₹2.2t	₹335.1b	34.5x	20.8x	3.2x
Thu, 12 Mar 2026	₹6.6t	₹2.2t	₹335.1b	32.4x	19.8x	3.1x
Sat, 07 Feb 2026	₹6.6t	₹2.2t	₹332.4b	30.8x	19.7x	3x
Mon, 05 Jan 2026	₹6.5t	₹2.2t	₹299.3b	31x	21.9x	3x
Wed, 03 Dec 2025	₹6.3t	₹2.2t	₹299.3b	30.6x	21.2x	2.9x
Fri, 31 Oct 2025	₹6.7t	₹2.2t	₹322.2b	32.2x	20.8x	3.1x
Sun, 28 Sep 2025	₹6.4t	₹2.1t	₹322.9b	30.2x	19.8x	3x
Tue, 26 Aug 2025	₹6.4t	₹2.1t	₹322.9b	30.2x	19.7x	3x
Thu, 24 Jul 2025	₹6.7t	₹2.1t	₹310.9b	32.4x	21.7x	3.1x
Sat, 21 Jun 2025	₹6.6t	₹2.1t	₹310.9b	31.4x	21.2x	3.1x
Mon, 19 May 2025	₹6.8t	₹2.1t	₹266.3b	32.6x	25.6x	3.2x
Wed, 16 Apr 2025	₹6.8t	₹2.1t	₹255.4b	34.7x	26.5x	3.2x
Fri, 14 Mar 2025	₹6.0t	₹2.1t	₹255.4b	29.3x	23.3x	2.8x
Sun, 09 Feb 2025	₹6.2t	₹2.1t	₹284.8b	34.9x	21.9x	3x
Tue, 07 Jan 2025	₹6.6t	₹2.1t	₹282.7b	33x	23.5x	3.2x
Thu, 05 Dec 2024	₹7.2t	₹2.1t	₹282.7b	36.3x	25.3x	3.4x
Sat, 02 Nov 2024	₹7.5t	₹2.1t	₹239.1b	38.3x	31.2x	3.6x
Mon, 30 Sep 2024	₹8.1t	₹2.0t	₹229.1b	41x	35.2x	4x
Wed, 28 Aug 2024	₹7.6t	₹2.0t	₹229.1b	36.2x	33.2x	3.7x
Fri, 26 Jul 2024	₹7.4t	₹2.0t	₹232.2b	40.2x	32x	3.8x
Sun, 23 Jun 2024	₹7.2t	₹2.0t	₹232.2b	39.4x	31.2x	3.7x
Tue, 21 May 2024	₹7.1t	₹2.0t	₹209.7b	37x	34x	3.6x
Thu, 18 Apr 2024	₹6.7t	₹1.9t	₹208.6b	38.8x	32.3x	3.6x
Sat, 16 Mar 2024	₹6.3t	₹1.9t	₹208.6b	32x	30.1x	3.3x
Mon, 12 Feb 2024	₹6.5t	₹1.9t	₹208.5b	32.7x	31.2x	3.4x
Wed, 10 Jan 2024	₹5.9t	₹1.9t	₹213.1b	28.1x	27.8x	3.2x
Fri, 08 Dec 2023	₹5.7t	₹1.9t	₹213.2b	29.2x	26.8x	3.1x
Sun, 05 Nov 2023	₹4.5t	₹1.8t	₹212.0b	22.2x	21.1x	2.5x
Tue, 03 Oct 2023	₹4.5t	₹1.8t	₹212.0b	23.8x	21.4x	2.5x
Thu, 31 Aug 2023	₹4.3t	₹1.8t	₹212.1b	20x	20.3x	2.4x
Sat, 29 Jul 2023	₹4.3t	₹1.8t	₹220.7b	16.1x	19.4x	2.4x
Mon, 26 Jun 2023	₹4.0t	₹1.8t	₹220.9b	14.5x	18.1x	2.2x
Wed, 24 May 2023	₹3.9t	₹1.8t	₹230.6b	19.8x	16.9x	2.2x

Price to Earnings Ratio

16.9x

Wed, 24 May 2023

Current Industry PE

Investors are pessimistic on the Indian Electric 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 21.6x which is lower than its 3-year average PE of 24.6x.

The industry is trading close to its 3-year average PS ratio of 3.1x.

Past Earnings Growth

The earnings for companies in the Electric Utilities industry have grown 13% per year over the last three years.
Revenues for these companies have grown 6.7% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.