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Indian (NIFTY) Electric Utilities Industry Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.9%
  • 3M18.4%
  • 1Y14.1%
  • YTD20.5%

The Electric Utilities is pretty flat in the last 7 days, but Adani Energy Solutions has stood out, gaining 3.3%. As for the the longer term, the industry is up 14% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

Has the Indian Electric Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 08 May 2026₹7.7t₹2.2t₹335.4b37.3x23x3.5x
Sun, 05 Apr 2026₹6.4t₹2.2t₹335.1b32.4x19.1x3x
Tue, 03 Mar 2026₹6.7t₹2.2t₹335.1b31.8x20x3.1x
Thu, 29 Jan 2026₹6.0t₹2.2t₹298.7b28x20.1x2.8x
Sat, 27 Dec 2025₹6.3t₹2.2t₹299.3b29.9x21.1x2.9x
Mon, 24 Nov 2025₹6.4t₹2.2t₹299.3b30.5x21.5x3x
Wed, 22 Oct 2025₹6.6t₹2.2t₹323.6b31.4x20.4x3.1x
Fri, 19 Sep 2025₹6.5t₹2.1t₹322.9b30.9x20x3x
Sun, 17 Aug 2025₹6.4t₹2.1t₹322.9b30.3x19.7x3x
Tue, 15 Jul 2025₹6.8t₹2.1t₹310.9b32.4x21.8x3.2x
Thu, 12 Jun 2025₹6.8t₹2.1t₹311.0b32.1x22x3.2x
Sat, 10 May 2025₹6.5t₹2.1t₹258.2b31x25x3x
Mon, 07 Apr 2025₹6.5t₹2.1t₹255.4b32.8x25.6x3.1x
Wed, 05 Mar 2025₹5.6t₹2.1t₹255.4b28.9x22x2.7x
Fri, 31 Jan 2025₹6.3t₹2.1t₹284.6b34.8x22.2x3x
Sun, 29 Dec 2024₹6.8t₹2.1t₹282.7b34x24.1x3.3x
Tue, 26 Nov 2024₹7.0t₹2.1t₹282.7b35.2x24.7x3.4x
Thu, 24 Oct 2024₹7.4t₹2.1t₹238.0b41.1x31.2x3.6x
Sat, 21 Sep 2024₹7.8t₹2.0t₹229.1b39.2x33.9x3.8x
Mon, 19 Aug 2024₹7.6t₹2.0t₹229.1b35.6x33.3x3.8x
Wed, 17 Jul 2024₹7.5t₹2.0t₹232.2b40.5x32.5x3.8x
Fri, 14 Jun 2024₹7.3t₹2.0t₹232.2b41.9x31.5x3.7x
Sun, 12 May 2024₹6.8t₹2.0t₹209.7b35.1x32.4x3.5x
Tue, 09 Apr 2024₹6.9t₹1.9t₹208.6b38.9x33x3.6x
Thu, 07 Mar 2024₹6.6t₹1.9t₹208.6b32.7x31.7x3.5x
Sat, 03 Feb 2024₹6.5t₹1.9t₹211.2b30.4x30.7x3.5x
Mon, 01 Jan 2024₹5.6t₹1.9t₹213.1b27.3x26.4x3x
Wed, 29 Nov 2023₹4.8t₹1.9t₹213.2b24.2x22.7x2.6x
Fri, 27 Oct 2023₹4.3t₹1.8t₹212.0b21.3x20.4x2.4x
Sun, 24 Sep 2023₹4.5t₹1.8t₹212.0b23.4x21.4x2.5x
Tue, 22 Aug 2023₹4.2t₹1.8t₹212.1b19.9x19.7x2.3x
Thu, 20 Jul 2023₹4.0t₹1.8t₹220.7b14.2x18.2x2.2x
Sat, 17 Jun 2023₹4.1t₹1.8t₹220.9b15.2x18.4x2.3x
Mon, 15 May 2023₹4.0t₹1.8t₹228.8b19.8x17.4x2.3x
Price to Earnings Ratio

17.4x


Total Market Cap: ₹4.0tTotal Earnings: ₹228.8bTotal Revenue: ₹1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electric Utilities Industry Price to Earnings3Y Average 24.5x202420252026
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 24.5x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 14% 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 Market0.86%
Utilities1.01%
Electric Utilities-0.95%
Electric Utilities-0.95%
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₹1.39k3.3%
+₹53.9b
65.3%PE73x
SJVN SJVN₹79.891.2%
+₹3.6b
-10.6%PE49.6x
540565 Indigrid Infrastructure Trust₹173.510.8%
+₹1.3b
17.9%PE58.2x
DPSCLTD India Power₹10.423.7%
+₹360.3m
-13.0%PE148.9x
532219 Energy Development₹17.863.5%
+₹29.0m
-0.1%PS1.9x

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