Returns On Capital Are Showing Encouraging Signs At CESC (NSE:CESC)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Has the Indian Electric Utilities Industry valuation changed over the past few years?
|Sun, 28 Nov 2021||₹5.0t||₹1.4t||₹228.9b||20x|
|Tue, 26 Oct 2021||₹4.7t||₹1.3t||₹224.2b||22.7x|
|Thu, 23 Sep 2021||₹4.0t||₹1.3t||₹224.2b||22.3x|
|Sat, 21 Aug 2021||₹3.4t||₹1.3t||₹224.2b||21.6x|
|Sat, 05 Jun 2021||₹3.7t||₹1.3t||₹181.2b||19.8x|
|Tue, 09 Mar 2021||₹2.7t||₹1.2t||₹169.4b||22.1x|
|Mon, 30 Nov 2020||₹2.0t||₹1.2t||₹164.0b||16x|
|Thu, 03 Sep 2020||₹1.8t||₹1.2t||₹172.7b||10.5x|
|Sun, 07 Jun 2020||₹1.5t||₹1.3t||₹179.7b||7.9x|
|Sat, 29 Feb 2020||₹1.7t||₹1.3t||₹144.7b||11.5x|
|Tue, 03 Dec 2019||₹1.9t||₹1.3t||₹134.9b||13x|
|Fri, 06 Sep 2019||₹1.9t||₹1.2t||₹84.1b||18.5x|
|Mon, 10 Jun 2019||₹1.8t||₹1.2t||₹94.6b||11.5x|
|Sun, 03 Mar 2019||₹1.7t||₹1.2t||₹120.2b||11.2x|
|Wed, 05 Dec 2018||₹1.9t||₹1.2t||₹129.7b||11.9x|
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 20.0x which is higher than its 3-year average PE of 15.0x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Electric Utilities industry have grown 21% per year over the last three years, and revenues for these companies have grown 5.1% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Indian Electric Utilities industry?
Industry PE: Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 15.0x. However analysts are expecting annual earnings growth of 12%, which is lower than the prior year's growth of 46% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth: Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 12% over the next 5 years. However this is lower than its past earnings growth rate of 46% per year.
Which companies have driven the market over the last 7 days?
Power Grid Corporation of India
India Grid Trust