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Indian (NIFTY) Electric Utilities Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies11
  • 7D0.9%
  • 3M1.4%
  • 1Y-7.0%
  • YTD-5.6%

Over the last 7 days, the Electric Utilities industry has remained flat, although notably Adani Energy Solutions gained 6.6%. As for the longer term, the industry has declined 7.0% in the last year. 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
Sun, 16 Nov 2025₹6.4t₹2.2t₹299.3b30.7x21.5x3x
Tue, 14 Oct 2025₹6.5t₹2.1t₹322.9b30.8x20.2x3x
Thu, 11 Sep 2025₹6.3t₹2.1t₹322.9b30.4x19.6x3x
Sat, 09 Aug 2025₹6.3t₹2.1t₹324.2b29.8x19.6x3x
Mon, 07 Jul 2025₹6.7t₹2.1t₹310.9b32.3x21.7x3.1x
Wed, 04 Jun 2025₹6.6t₹2.1t₹310.2b31.2x21.2x3.1x
Fri, 02 May 2025₹6.8t₹2.1t₹258.2b32.9x26.3x3.2x
Sun, 30 Mar 2025₹6.5t₹2.1t₹255.4b31.8x25.5x3.1x
Tue, 25 Feb 2025₹5.8t₹2.1t₹255.4b29.6x22.7x2.7x
Thu, 23 Jan 2025₹6.4t₹2.1t₹282.5b32.3x22.7x3.1x
Sat, 21 Dec 2024₹6.9t₹2.1t₹282.7b34.2x24.2x3.3x
Mon, 18 Nov 2024₹6.9t₹2.1t₹282.7b34.5x24.4x3.3x
Wed, 16 Oct 2024₹7.7t₹2.0t₹229.1b40.6x33.7x3.8x
Fri, 13 Sep 2024₹7.6t₹2.0t₹229.1b37.1x33.2x3.7x
Sun, 11 Aug 2024₹7.8t₹2.0t₹223.8b36.9x34.7x3.9x
Tue, 09 Jul 2024₹7.4t₹2.0t₹232.2b38.6x31.8x3.8x
Thu, 06 Jun 2024₹6.8t₹2.0t₹232.1b37.1x29.1x3.4x
Sat, 04 May 2024₹7.2t₹1.9t₹208.5b39.6x34.5x3.8x
Mon, 01 Apr 2024₹6.5t₹1.9t₹208.6b35.2x31.3x3.4x
Wed, 28 Feb 2024₹6.6t₹1.9t₹208.6b31.7x31.7x3.5x
Fri, 26 Jan 2024₹6.0t₹1.9t₹212.7b29.4x28.1x3.2x
Sun, 24 Dec 2023₹5.5t₹1.9t₹213.1b27x25.7x2.9x
Tue, 21 Nov 2023₹4.6t₹1.9t₹213.2b23.6x21.6x2.5x
Thu, 19 Oct 2023₹4.5t₹1.8t₹212.0b23x21.3x2.5x
Sat, 16 Sep 2023₹4.6t₹1.8t₹212.1b20.1x21.5x2.5x
Mon, 14 Aug 2023₹4.2t₹1.8t₹212.1b19.9x19.7x2.3x
Wed, 12 Jul 2023₹4.1t₹1.8t₹220.7b14.2x18.5x2.3x
Fri, 09 Jun 2023₹4.0t₹1.8t₹220.9b15.2x18.3x2.2x
Sun, 07 May 2023₹4.1t₹1.8t₹228.4b19.2x17.9x2.3x
Tue, 04 Apr 2023₹3.9t₹1.8t₹230.0b17.7x16.8x2.2x
Thu, 02 Mar 2023₹3.5t₹1.8t₹230.0b18.7x15.4x2x
Sat, 28 Jan 2023₹5.0t₹1.7t₹217.1b21.7x23.1x3x
Mon, 26 Dec 2022₹5.2t₹1.7t₹216.8b21.1x24.1x3.1x
Wed, 23 Nov 2022₹6.1t₹1.7t₹216.8b23.6x28x3.6x
Price to Earnings Ratio

28x


Total Market Cap: ₹6.1tTotal Earnings: ₹216.8bTotal Revenue: ₹1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electric Utilities Industry Price to Earnings3Y Average 24.7x202320242025
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 21.5x which is lower than its 3-year average PE of 24.7x.
  • 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 Market1.07%
Utilities0.84%
Electric Utilities0.91%
Electric Utilities0.91%
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₹1.02k6.6%
+₹76.0b
16.4%PE54.5x
TORNTPOWER Torrent Power₹1.30k1.5%
+₹10.0b
-16.5%PE21.9x
500390 Reliance Infrastructure₹185.906.3%
+₹4.5b
-28.1%PE2.5x
BAJEL Bajel Projects₹191.031.9%
+₹403.6m
-20.7%PE171.3x
CHAMUNDA Chamunda Electrical₹50.855.8%
+₹30.8m
n/aPE11x

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