Narrative Update • May 24
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- 7D3.9%
- 3M11.7%
- 1Y12.0%
- YTD17.1%
The Electric Utilities industry is up 3.9% in the last week, with Adani Energy Solutions up 11%. In the same time, Torrent Power was down 5.2%. This means that the industry has gained 12% over the past year. 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 |
|---|---|---|---|---|---|---|
| Fri, 29 May 2026 | ₹7.5t | ₹2.2t | ₹298.8b | 36.3x | 25.1x | 3.4x |
| Sun, 26 Apr 2026 | ₹7.7t | ₹2.2t | ₹335.4b | 36.6x | 22.8x | 3.5x |
| Tue, 24 Mar 2026 | ₹6.5t | ₹2.2t | ₹335.1b | 32.6x | 19.5x | 3x |
| Thu, 19 Feb 2026 | ₹6.8t | ₹2.2t | ₹335.1b | 31.9x | 20.2x | 3.1x |
| Sat, 17 Jan 2026 | ₹6.1t | ₹2.2t | ₹299.3b | 28.9x | 20.3x | 2.8x |
| Mon, 15 Dec 2025 | ₹6.3t | ₹2.2t | ₹299.3b | 30.1x | 21x | 2.9x |
| Wed, 12 Nov 2025 | ₹6.4t | ₹2.2t | ₹318.6b | 31.1x | 20.1x | 3x |
| Fri, 10 Oct 2025 | ₹6.5t | ₹2.1t | ₹322.9b | 30.6x | 20.1x | 3x |
| Sun, 07 Sep 2025 | ₹6.3t | ₹2.1t | ₹322.9b | 30.4x | 19.5x | 2.9x |
| Tue, 05 Aug 2025 | ₹6.4t | ₹2.2t | ₹326.6b | 30.5x | 19.6x | 3x |
| Thu, 03 Jul 2025 | ₹6.8t | ₹2.1t | ₹310.9b | 32.4x | 21.8x | 3.2x |
| Sat, 31 May 2025 | ₹6.6t | ₹2.1t | ₹310.2b | 30.8x | 21.2x | 3.1x |
| Mon, 28 Apr 2025 | ₹6.8t | ₹2.1t | ₹258.2b | 32.9x | 26.4x | 3.2x |
| Wed, 26 Mar 2025 | ₹6.5t | ₹2.1t | ₹255.4b | 31.9x | 25.3x | 3.1x |
| Fri, 21 Feb 2025 | ₹5.9t | ₹2.1t | ₹255.4b | 31x | 23x | 2.8x |
| Sun, 19 Jan 2025 | ₹6.6t | ₹2.1t | ₹282.5b | 33.2x | 23.4x | 3.2x |
| Tue, 17 Dec 2024 | ₹7.3t | ₹2.1t | ₹282.7b | 36.9x | 25.7x | 3.5x |
| Thu, 14 Nov 2024 | ₹7.0t | ₹2.1t | ₹239.3b | 37.8x | 29.2x | 3.4x |
| Sat, 12 Oct 2024 | ₹7.6t | ₹2.0t | ₹229.1b | 39.7x | 33.3x | 3.8x |
| Mon, 09 Sep 2024 | ₹7.4t | ₹2.0t | ₹229.1b | 35.8x | 32.3x | 3.6x |
| Wed, 07 Aug 2024 | ₹7.8t | ₹2.0t | ₹223.5b | 37.4x | 34.8x | 3.9x |
| Fri, 05 Jul 2024 | ₹7.4t | ₹2.0t | ₹232.2b | 39.7x | 31.8x | 3.8x |
| Sun, 02 Jun 2024 | ₹7.2t | ₹2.0t | ₹207.3b | 38.6x | 34.8x | 3.7x |
| Tue, 30 Apr 2024 | ₹7.0t | ₹1.9t | ₹208.6b | 39.9x | 33.8x | 3.7x |
| Thu, 28 Mar 2024 | ₹6.5t | ₹1.9t | ₹208.6b | 35.8x | 31x | 3.4x |
| Sat, 24 Feb 2024 | ₹6.5t | ₹1.9t | ₹208.6b | 31.5x | 31x | 3.4x |
| Mon, 22 Jan 2024 | ₹5.9t | ₹1.9t | ₹212.7b | 28.5x | 27.7x | 3.2x |
| Wed, 20 Dec 2023 | ₹5.6t | ₹1.9t | ₹213.2b | 30.1x | 26.3x | 3x |
| Fri, 17 Nov 2023 | ₹4.6t | ₹1.9t | ₹213.2b | 23.5x | 21.7x | 2.5x |
| Sun, 15 Oct 2023 | ₹4.5t | ₹1.8t | ₹212.0b | 23.1x | 21.2x | 2.5x |
| Tue, 12 Sep 2023 | ₹4.2t | ₹1.8t | ₹212.1b | 19.9x | 19.7x | 2.3x |
| Thu, 10 Aug 2023 | ₹4.1t | ₹1.8t | ₹219.4b | 15.8x | 18.9x | 2.3x |
| Sat, 08 Jul 2023 | ₹4.1t | ₹1.8t | ₹220.7b | 14.4x | 18.6x | 2.3x |
| Mon, 05 Jun 2023 | ₹3.9t | ₹1.8t | ₹220.9b | 12.8x | 17.5x | 2.1x |
Price to Earnings Ratio
17.5x
Current Industry PE
- Investors are relatively neutral on the Indian Electric 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 24.6x.
- The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Electric Utilities industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 6.5% 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 industry?
| IN Market | 1.84% | |
| Utilities | 6.69% | |
| Electric Utilities | 3.94% | |
| Electric Utilities | 3.94% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADANIENSOL Adani Energy Solutions | ₹1.51k | 10.6% +₹174.7b | 74.5% | PE79.6x | |
| 500400 Tata Power | ₹420.65 | 2.9% +₹37.9b | 7.1% | PE35.9x | |
| SJVN SJVN | ₹75.16 | 2.8% +₹8.1b | -22.0% | PE46x | |
| CESC CESC | ₹182.09 | 2.7% +₹6.5b | 12.1% | PE15.7x | |
| 540565 Indigrid Infrastructure Trust | ₹171.40 | 1.1% +₹1.8b | 16.6% | PE41.4x |
