Indian (NIFTY) Electric Utilities Industry Analysis

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
Tue, 23 Jun 2026	₹7.4t	₹2.2t	₹299.2b	38.2x	24.9x	3.3x
Thu, 21 May 2026	₹7.2t	₹2.2t	₹333.4b	35.3x	21.7x	3.3x
Sat, 18 Apr 2026	₹7.4t	₹2.2t	₹335.1b	36x	22.1x	3.4x
Mon, 16 Mar 2026	₹6.7t	₹2.2t	₹335.1b	33.3x	20x	3.1x
Wed, 11 Feb 2026	₹6.6t	₹2.2t	₹332.6b	31.2x	19.9x	3.1x
Fri, 09 Jan 2026	₹6.3t	₹2.2t	₹299.3b	29.5x	20.9x	2.9x
Sun, 07 Dec 2025	₹6.3t	₹2.2t	₹299.3b	30.3x	21.1x	2.9x
Tue, 04 Nov 2025	₹6.7t	₹2.2t	₹322.2b	32.1x	20.8x	3.1x
Thu, 02 Oct 2025	₹6.4t	₹2.1t	₹322.9b	36.2x	19.8x	3x
Sat, 30 Aug 2025	₹6.1t	₹2.1t	₹322.9b	29.4x	19x	2.9x
Mon, 28 Jul 2025	₹6.5t	₹2.1t	₹327.2b	31.8x	20x	3x
Wed, 25 Jun 2025	₹6.6t	₹2.1t	₹310.9b	32.1x	21.3x	3.1x
Fri, 23 May 2025	₹6.6t	₹2.1t	₹266.1b	31.8x	24.9x	3.1x
Sun, 20 Apr 2025	₹6.8t	₹2.1t	₹255.4b	34x	26.8x	3.2x
Tue, 18 Mar 2025	₹6.0t	₹2.1t	₹255.4b	29.3x	23.4x	2.8x
Thu, 13 Feb 2025	₹5.8t	₹2.1t	₹284.0b	29.1x	20.6x	2.8x
Sat, 11 Jan 2025	₹6.4t	₹2.1t	₹282.7b	32.4x	22.5x	3.1x
Mon, 09 Dec 2024	₹7.3t	₹2.1t	₹282.7b	37.5x	25.7x	3.5x
Wed, 06 Nov 2024	₹7.3t	₹2.1t	₹239.1b	37x	30.7x	3.6x
Fri, 04 Oct 2024	₹7.9t	₹2.0t	₹229.1b	39.9x	34.4x	3.9x
Sun, 01 Sep 2024	₹7.6t	₹2.0t	₹229.1b	37.1x	33.2x	3.7x
Tue, 30 Jul 2024	₹7.6t	₹2.0t	₹223.8b	41.7x	33.9x	3.8x
Thu, 27 Jun 2024	₹7.2t	₹2.0t	₹232.2b	39.6x	31.1x	3.7x
Sat, 25 May 2024	₹7.3t	₹1.9t	₹208.0b	37.7x	35x	3.7x
Mon, 22 Apr 2024	₹6.8t	₹1.9t	₹208.6b	38.6x	32.5x	3.6x
Wed, 20 Mar 2024	₹6.2t	₹1.9t	₹208.6b	33.5x	29.8x	3.3x
Fri, 16 Feb 2024	₹6.5t	₹1.9t	₹208.6b	32.6x	31.1x	3.4x
Sun, 14 Jan 2024	₹5.9t	₹1.9t	₹213.0b	29.1x	27.9x	3.2x
Tue, 12 Dec 2023	₹5.6t	₹1.9t	₹213.2b	29.8x	26.5x	3x
Thu, 09 Nov 2023	₹4.6t	₹1.8t	₹214.0b	23.2x	21.3x	2.5x
Sat, 07 Oct 2023	₹4.5t	₹1.8t	₹212.0b	23.5x	21.2x	2.5x
Mon, 04 Sep 2023	₹4.4t	₹1.8t	₹212.1b	20.1x	20.5x	2.4x
Wed, 02 Aug 2023	₹4.3t	₹1.8t	₹218.8b	16.5x	19.5x	2.4x
Fri, 30 Jun 2023	₹4.1t	₹1.8t	₹220.9b	14.1x	18.4x	2.2x

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 24.8x.

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 11% per year over the last three years.
Revenues for these companies have grown 7.3% 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	2.85%
Utilities	2.35%
Electric Utilities	2.04%
Electric Utilities	2.04%

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
ADANIENSOL Adani Energy Solutions	₹1.54k	3.2% +₹57.1b	83.9%	PE81x
TORNTPOWER Torrent Power	₹1.48k	6.2% +₹43.1b	4.1%	PE30.8x
POWERGRID Power Grid Corporation of India	₹289.75	1.4% +₹37.7b	-0.2%	PE16.9x
VEDPOWER Talwandi Sabo Power	₹43.08	5.2% +₹8.4b	n/a	PE529.1x
CESC CESC	₹174.22	3.1% +₹6.9b	6.6%	PE15x

Company

Last Price

Valuation

ADANIENSOL Adani Energy Solutions

₹1.54k

3.2%
+₹57.1b

83.9%

PE81x

TORNTPOWER Torrent Power

₹1.48k

6.2%
+₹43.1b

4.1%

PE30.8x

POWERGRID Power Grid Corporation of India

₹289.75

1.4%
+₹37.7b

-0.2%

PE16.9x

VEDPOWER Talwandi Sabo Power

₹43.08

5.2%
+₹8.4b

n/a

PE529.1x

CESC CESC

₹174.22

3.1%
+₹6.9b

6.6%

PE15x

Power Grid Corporation of India Limited Appoints Shri Venkata Subrahamanayam Vallurie as Chief Financial Officer, Effective July 1, 2026

Power Grid Corporation of India Limited had, in its board meeting held on June 10, 2026, approved the appointment of Shri Venkata Subrahamanayam Vallurie, Chief General Manager (F&A), as Chief Financial Officer of the company with effect from July 1, 2026. Shri Venkata Subrahamanayam Vallurie is a qualified Cost Accountant from the Institute of Cost Accountants of India with over 35 years of post-qualification experience. He has spent more than 32 years of his career with POWERGRID, serving in Regional Headquarter and the Corporate Centre. He possesses extensive expertise in key finance functions, including resource mobilisation, financial concurrence, enterprise resource planning (ERP), financial accounting and internal audit. He has been instrumental in driving the digitization of finance operations including the implementation and enhancement of SAP systems across POWERGRID. He has previously served in Finance Department of Northern Region-I and as Head of Finance in Telecom Department. He is currently serving as Head of Finance (HoF) of Southern Region-I.

Indian (NIFTY) Electric Utilities Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

TORNTPOWER: Future Board Meeting And Dividend Plans Signal Steady Share Outlook

Upcoming dividend of ₹2.50 per share

No independent directors

Price target decreased by 17% to ₹70.00

Power Grid Corporation of India Limited Appoints Shri Venkata Subrahamanayam Vallurie as Chief Financial Officer, Effective July 1, 2026

ADANIENSOL: Mumbai HVDC Expansion And Smart Meter Bid Will Shape Balanced Outlook

New major risk - Negative shareholders equity

Reliance Infrastructure Limited to Report Q4, 2026 Results on May 23, 2026

Full year 2026 earnings released: EPS: ₹4.57 (vs ₹4.93 in FY 2025)

Analysts Are Updating Their CESC Limited (NSE:CESC) Estimates After Its Annual Results