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Indian (NIFTY) Electric Utilities Industry Analysis

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies11
  • 7D0.09%
  • 3M7.8%
  • 1Y8.4%
  • YTD12.7%

The Electric Utilities is pretty flat in the last 7 days, but Adani Energy Solutions has stood out, gaining 4.9%. The past year has been better, since the industry has gained 8.4% in that time. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 May 2026₹7.2t₹2.2t₹333.4b34.9x21.5x3.3x
Mon, 20 Apr 2026₹7.4t₹2.2t₹335.1b36x22.1x3.4x
Wed, 18 Mar 2026₹6.7t₹2.2t₹335.1b33.8x19.9x3.1x
Fri, 13 Feb 2026₹6.7t₹2.2t₹335.1b32x19.9x3.1x
Sun, 11 Jan 2026₹6.1t₹2.2t₹299.3b28.8x20.5x2.8x
Tue, 09 Dec 2025₹6.2t₹2.2t₹299.3b29.5x20.7x2.9x
Thu, 06 Nov 2025₹6.6t₹2.2t₹320.0b31.5x20.5x3x
Sat, 04 Oct 2025₹6.5t₹2.1t₹322.9b36.5x20.2x3x
Mon, 01 Sep 2025₹6.1t₹2.1t₹322.9b29.4x19x2.9x
Wed, 30 Jul 2025₹6.6t₹2.1t₹326.6b32.2x20.2x3.1x
Fri, 27 Jun 2025₹6.8t₹2.1t₹310.9b31.9x21.7x3.2x
Sun, 25 May 2025₹6.7t₹2.1t₹312.1b30.6x21.5x3.1x
Tue, 22 Apr 2025₹7.0t₹2.1t₹255.4b34x27.4x3.3x
Thu, 20 Mar 2025₹6.3t₹2.1t₹255.4b31.1x24.6x3x
Sat, 15 Feb 2025₹5.7t₹2.1t₹284.1b28.2x20.1x2.7x
Mon, 13 Jan 2025₹6.4t₹2.1t₹282.5b32.4x22.5x3.1x
Wed, 11 Dec 2024₹7.2t₹2.1t₹282.7b37.1x25.4x3.5x
Fri, 08 Nov 2024₹7.3t₹2.1t₹239.2b37.9x30.6x3.5x
Sun, 06 Oct 2024₹7.7t₹2.0t₹229.1b40x33.8x3.8x
Tue, 03 Sep 2024₹7.6t₹2.0t₹229.1b37.3x33.3x3.8x
Thu, 01 Aug 2024₹7.9t₹2.0t₹228.4b39.2x34.7x4x
Sat, 29 Jun 2024₹7.3t₹2.0t₹232.2b39.3x31.4x3.7x
Mon, 27 May 2024₹7.3t₹1.9t₹208.0b37.7x35x3.7x
Wed, 24 Apr 2024₹6.8t₹1.9t₹208.6b38.7x32.8x3.6x
Fri, 22 Mar 2024₹6.4t₹1.9t₹208.6b33.7x30.7x3.4x
Sun, 18 Feb 2024₹6.4t₹1.9t₹208.6b32x30.6x3.4x
Tue, 16 Jan 2024₹6.0t₹1.9t₹213.0b29.1x28.1x3.2x
Thu, 14 Dec 2023₹5.6t₹1.9t₹213.2b30.3x26.3x3x
Sat, 11 Nov 2023₹4.6t₹1.9t₹213.6b22.5x21.5x2.5x
Mon, 09 Oct 2023₹4.5t₹1.8t₹212.0b23.5x21.2x2.5x
Wed, 06 Sep 2023₹4.4t₹1.8t₹212.1b20.1x20.7x2.4x
Fri, 04 Aug 2023₹4.2t₹1.8t₹218.8b16.6x19.2x2.3x
Sun, 02 Jul 2023₹4.1t₹1.8t₹220.9b14x18.4x2.2x
Tue, 30 May 2023₹3.9t₹1.8t₹230.6b20.8x17x2.2x
Price to Earnings Ratio

17x


Total Market Cap: ₹3.9tTotal Earnings: ₹230.6bTotal Revenue: ₹1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electric Utilities Industry Price to Earnings3Y Average 24.6x202420252026
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 6.8% 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-0.16%
Utilities-1.20%
Electric Utilities0.085%
Electric Utilities0.085%
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
ADANIENSOL Adani Energy Solutions₹1.37k4.9%
+₹77.2b
56.1%PE72x
TORNTPOWER Torrent Power₹1.50k2.2%
+₹16.4b
6.9%PE31.2x
500400 Tata Power₹408.800.4%
+₹5.3b
1.7%PE34.9x
BAJEL Bajel Projects₹180.632.2%
+₹458.2m
-13.6%PE190.7x
532219 Energy Development₹17.253.2%
+₹25.7m
-11.2%PS1.8x

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