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Indian (NIFTY) Electric Utilities Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies11
- 7D-3.1%
- 3M-9.4%
- 1Y47.0%
- YTD20.5%
Over the last 7 days, the Electric Utilities industry has dropped 3.1%, driven by pullbacks in Power Grid Corporation of India and Adani Energy Solutions of 2.4% and 5.7%, respectively. On the other hand Energy Development is actually up 15%. This takes the industry's 12 month performance to a gain of 47%. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | ₹6.9t | ₹2.1t | ₹282.7b | 34.8x | 24.6x | 3.3x |
| Fri, 18 Oct 2024 | ₹7.7t | ₹2.0t | ₹229.1b | 39.8x | 33.5x | 3.8x |
| Sun, 15 Sep 2024 | ₹7.6t | ₹2.0t | ₹229.1b | 37.6x | 33.2x | 3.7x |
| Tue, 13 Aug 2024 | ₹7.7t | ₹2.0t | ₹223.8b | 36.5x | 34.3x | 3.8x |
| Thu, 11 Jul 2024 | ₹7.5t | ₹2.0t | ₹232.2b | 40.5x | 32.4x | 3.8x |
| Sat, 08 Jun 2024 | ₹7.1t | ₹2.0t | ₹232.2b | 39.3x | 30.5x | 3.6x |
| Mon, 06 May 2024 | ₹7.2t | ₹1.9t | ₹208.5b | 39.6x | 34.5x | 3.8x |
| Wed, 03 Apr 2024 | ₹6.8t | ₹1.9t | ₹208.6b | 37.3x | 32.5x | 3.6x |
| Fri, 01 Mar 2024 | ₹6.4t | ₹1.9t | ₹208.6b | 30.6x | 30.7x | 3.4x |
| Sun, 28 Jan 2024 | ₹6.0t | ₹1.9t | ₹212.7b | 29.4x | 28.1x | 3.2x |
| Tue, 26 Dec 2023 | ₹5.5t | ₹1.9t | ₹213.1b | 27x | 25.7x | 2.9x |
| Thu, 23 Nov 2023 | ₹4.6t | ₹1.9t | ₹213.2b | 23.4x | 21.7x | 2.5x |
| Sat, 21 Oct 2023 | ₹4.5t | ₹1.8t | ₹212.0b | 22.5x | 21.1x | 2.5x |
| Mon, 18 Sep 2023 | ₹4.5t | ₹1.8t | ₹212.0b | 24x | 21.4x | 2.5x |
| Wed, 16 Aug 2023 | ₹4.2t | ₹1.8t | ₹212.1b | 20x | 19.6x | 2.3x |
| Fri, 14 Jul 2023 | ₹4.0t | ₹1.8t | ₹220.7b | 13.9x | 18x | 2.2x |
| Sun, 11 Jun 2023 | ₹4.1t | ₹1.8t | ₹220.9b | 15.4x | 18.4x | 2.2x |
| Tue, 09 May 2023 | ₹4.1t | ₹1.8t | ₹228.4b | 19.4x | 17.9x | 2.3x |
| Thu, 06 Apr 2023 | ₹3.9t | ₹1.8t | ₹230.0b | 17.8x | 16.8x | 2.2x |
| Sat, 04 Mar 2023 | ₹3.7t | ₹1.8t | ₹230.0b | 19x | 15.9x | 2.1x |
| Mon, 30 Jan 2023 | ₹5.0t | ₹1.7t | ₹217.1b | 21.7x | 23.1x | 3x |
| Wed, 28 Dec 2022 | ₹5.6t | ₹1.7t | ₹216.8b | 22.3x | 25.6x | 3.3x |
| Fri, 25 Nov 2022 | ₹6.0t | ₹1.7t | ₹216.8b | 23.7x | 27.8x | 3.6x |
| Sun, 23 Oct 2022 | ₹6.5t | ₹1.6t | ₹207.8b | 27x | 31.2x | 4.1x |
| Tue, 20 Sep 2022 | ₹7.5t | ₹1.6t | ₹207.8b | 28.7x | 36.1x | 4.7x |
| Thu, 18 Aug 2022 | ₹7.0t | ₹1.6t | ₹207.8b | 29.3x | 33.7x | 4.4x |
| Sat, 16 Jul 2022 | ₹6.0t | ₹1.5t | ₹222.2b | 28.5x | 27x | 4.1x |
| Mon, 13 Jun 2022 | ₹5.2t | ₹1.5t | ₹224.7b | 28.2x | 22.9x | 3.5x |
| Wed, 11 May 2022 | ₹5.7t | ₹1.5t | ₹237.1b | 17.6x | 24.2x | 3.9x |
| Fri, 08 Apr 2022 | ₹5.8t | ₹1.4t | ₹228.2b | 19.3x | 25.6x | 4.1x |
| Sun, 06 Mar 2022 | ₹5.3t | ₹1.4t | ₹228.2b | 16.8x | 23.4x | 3.7x |
| Tue, 01 Feb 2022 | ₹5.1t | ₹1.4t | ₹228.8b | 22.5x | 22.3x | 3.7x |
| Thu, 30 Dec 2021 | ₹4.6t | ₹1.4t | ₹228.9b | 26.6x | 20.3x | 3.4x |
| Sat, 27 Nov 2021 | ₹5.0t | ₹1.4t | ₹228.9b | 20x | 21.7x | 3.6x |
Price to Earnings Ratio
21.7x
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 25.9x.
- The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Electric Utilities industry have grown 7.3% per year over the last three years.
- Revenues for these companies have grown 15% 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 | -1.80% | |
| Utilities | -4.65% | |
| Electric Utilities | -3.11% | |
| Electric Utilities | -3.11% | |
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 | |
|---|---|---|---|---|---|
| 500400 Tata Power | ₹408.10 | 2.3% +₹28.9b | 55.8% | PE34.8x | |
| SJVN SJVN | ₹105.83 | 1.6% +₹6.4b | 30.6% | PE41.7x | |
| 500390 Reliance Infrastructure | ₹257.70 | 3.0% +₹3.0b | 47.5% | PE3.2x | |
| BAJEL Bajel Projects | ₹237.55 | 4.1% +₹1.1b | n/a | PE139.9x | |
| 540565 India Grid Trust | ₹143.04 | 0.7% +₹817.9m | 10.9% | PE31.8x |