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Indian (NIFTY) Electric Utilities Industry Analysis

UpdatedDec 02, 2025
DataAggregated Company Financials
Companies11
  • 7D0.1%
  • 3M0.8%
  • 1Y-10.2%
  • YTD-6.7%

Over the last 7 days, the Electric Utilities industry has remained flat. As for the longer term, the industry has declined 10% in the last year. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Dec 2025₹6.4t₹2.2t₹299.3b30.7x21.3x3x
Thu, 30 Oct 2025₹6.7t₹2.2t₹322.2b32.3x20.9x3.1x
Sat, 27 Sep 2025₹6.4t₹2.1t₹322.9b30.2x19.8x3x
Mon, 25 Aug 2025₹6.4t₹2.1t₹322.9b30.3x19.7x3x
Wed, 23 Jul 2025₹6.7t₹2.1t₹310.9b32.1x21.6x3.1x
Fri, 20 Jun 2025₹6.5t₹2.1t₹310.9b30.9x20.8x3x
Sun, 18 May 2025₹6.8t₹2.1t₹265.7b33.5x25.7x3.2x
Tue, 15 Apr 2025₹6.6t₹2.1t₹255.4b33.4x25.9x3.1x
Thu, 13 Mar 2025₹6.0t₹2.1t₹255.4b29.8x23.4x2.8x
Sat, 08 Feb 2025₹6.2t₹2.1t₹284.8b34.9x21.9x3x
Mon, 06 Jan 2025₹6.9t₹2.1t₹282.7b34x24.5x3.3x
Wed, 04 Dec 2024₹7.2t₹2.1t₹282.7b36.6x25.5x3.5x
Fri, 01 Nov 2024₹7.3t₹2.1t₹239.1b38.3x30.6x3.5x
Sun, 29 Sep 2024₹8.1t₹2.0t₹229.1b41x35.2x4x
Tue, 27 Aug 2024₹7.6t₹2.0t₹229.1b35.4x33x3.7x
Thu, 25 Jul 2024₹7.4t₹2.0t₹232.2b39.8x31.8x3.8x
Sat, 22 Jun 2024₹7.2t₹2.0t₹232.2b39.4x31.2x3.7x
Mon, 20 May 2024₹7.1t₹2.0t₹209.7b37x34x3.6x
Wed, 17 Apr 2024₹6.7t₹1.9t₹208.6b39.1x32.2x3.6x
Fri, 15 Mar 2024₹6.3t₹1.9t₹208.6b32x30.1x3.3x
Sun, 11 Feb 2024₹6.5t₹1.9t₹208.5b32.7x31.2x3.4x
Tue, 09 Jan 2024₹5.9t₹1.9t₹213.1b27.9x27.6x3.2x
Thu, 07 Dec 2023₹5.5t₹1.9t₹213.2b26.3x25.6x2.9x
Sat, 04 Nov 2023₹4.5t₹1.8t₹212.0b22.2x21.1x2.5x
Mon, 02 Oct 2023₹4.5t₹1.8t₹212.0b23.8x21.4x2.5x
Wed, 30 Aug 2023₹4.3t₹1.8t₹212.1b19.9x20.5x2.4x
Fri, 28 Jul 2023₹4.1t₹1.8t₹220.7b16.2x18.8x2.3x
Sun, 25 Jun 2023₹4.0t₹1.8t₹220.9b14.5x18.1x2.2x
Tue, 23 May 2023₹3.8t₹1.8t₹230.4b19.7x16.5x2.1x
Thu, 20 Apr 2023₹4.0t₹1.8t₹230.0b17.7x17.4x2.3x
Sat, 18 Mar 2023₹4.0t₹1.8t₹230.0b18.7x17.5x2.3x
Mon, 13 Feb 2023₹4.1t₹1.7t₹227.0b18.7x17.9x2.4x
Wed, 11 Jan 2023₹5.7t₹1.7t₹216.8b22.1x26.3x3.4x
Fri, 09 Dec 2022₹5.9t₹1.7t₹216.8b24.1x27.2x3.5x
Price to Earnings Ratio

27.2x


Total Market Cap: ₹5.9tTotal Earnings: ₹216.8bTotal Revenue: ₹1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electric Utilities Industry Price to Earnings3Y Average 24.6x202320242025
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 21.3x 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 3.0x.
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 8.7% 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 Market1.00%
Utilities0.47%
Electric Utilities0.14%
Electric Utilities0.14%
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?

CompanyLast Price7D1YValuation
500400 Tata Power₹388.352.3%
+₹27.3b		-9.4%PE30.6x
TORNTPOWER Torrent Power₹1.31k1.6%
+₹10.2b		-22.2%PE22.1x
CESC CESC₹172.983.5%
+₹7.8b		-6.1%PE15.8x
ADANIENSOL Adani Energy Solutions₹976.950.6%
+₹6.5b		21.8%PE52x
500390 Reliance Infrastructure₹161.406.6%
+₹4.1b		-42.1%PE2.2x

Latest News

TORNTPOWER
₹1,313.30
Torrent Power
7D
1.6%
1Y
-22.2%

TORNTPOWER: Board Meeting Decisions And Hydro Power Acquisitions Will Guide Future Performance

Analysts have slightly raised their fair value estimate for Torrent Power from ₹1,418.40 to ₹1,419.91, citing modest adjustments to projected growth and margin expectations. What's in the News Torrent Power Limited held an Analyst/Investor Day and provided key updates on company strategy and performance (Key Developments).
ADANIENSOL
₹976.95
Adani Energy Solutions
7D
0.6%
1Y
21.8%

With Adani Energy Solutions Limited (NSE:ADANIENSOL) It Looks Like You'll Get What You Pay For

Nov 30
With Adani Energy Solutions Limited (NSE:ADANIENSOL) It Looks Like You'll Get What You Pay For
500400
₹388.35
Tata Power
7D
2.3%
1Y
-9.4%

500400: Renewable Project Wins And Steady Margins Will Shape The Medium Term

Analysts have marginally raised their price target for Tata Power from ₹418.64 to ₹418.82. They cite a steady profit margin outlook while adjusting expectations for slower revenue growth.
POWERGRID
₹267.45
Power Grid Corporation of India
7D
-2.2%
1Y
-18.9%

POWERGRID: Upcoming Bond Issue And Interim Dividend Will Drive Shareholder Value

Analysts have slightly lowered their price target for Power Grid Corporation of India from ₹316.04 to ₹313.57. This change reflects updated expectations for revenue growth and profit margins in the near term.
CESC
₹172.98
CESC
7D
3.5%
1Y
-6.1%

Investors Don't See Light At End Of CESC Limited's (NSE:CESC) Tunnel

Nov 26
Investors Don't See Light At End Of CESC Limited's (NSE:CESC) Tunnel
DPSCLTD
₹10.63
India Power
7D
0.6%
1Y
-39.8%
BAJEL
₹179.04
Bajel Projects
7D
0.5%
1Y
-31.4%

Some May Be Optimistic About Bajel Projects' (NSE:BAJEL) Earnings

Nov 22
Some May Be Optimistic About Bajel Projects' (NSE:BAJEL) Earnings
SJVN
₹77.37
SJVN
7D
-0.7%
1Y
-33.9%

Here's Why SJVN (NSE:SJVN) Has A Meaningful Debt Burden

Nov 22
Here's Why SJVN (NSE:SJVN) Has A Meaningful Debt Burden
532219
₹22.02
Energy Development
7D
-6.3%
1Y
-20.9%
CHAMUNDA
₹53.00
Chamunda Electrical
7D
-1.9%
1Y
n/a
540565
₹168.50
Indigrid Infrastructure Trust
7D
0.3%
1Y
16.4%
523222
₹25.11
SRM Energy
7D
-9.5%
1Y
105.1%
500390
₹161.40
Reliance Infrastructure
7D
6.6%
1Y
-42.1%