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Indian (NIFTY) Electric Utilities Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies11
- 7D2.4%
- 3M15.2%
- 1Y68.8%
- YTDn/a
The Electric Utilities industry is up 2.4% in the last week, with Power Grid Corporation of India up 5.9%. This means that the industry has gained 69% over the past year. Earnings are forecast to grow by 11% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | ₹6.9t | ₹1.9t | ₹208.6b | 38.8x | 33x | 3.6x |
| Sat, 23 Mar 2024 | ₹6.5t | ₹1.9t | ₹208.6b | 34.1x | 30.9x | 3.4x |
| Mon, 19 Feb 2024 | ₹6.4t | ₹1.9t | ₹208.6b | 32x | 30.6x | 3.4x |
| Wed, 17 Jan 2024 | ₹5.9t | ₹1.9t | ₹213.0b | 29x | 27.7x | 3.2x |
| Fri, 15 Dec 2023 | ₹5.6t | ₹1.9t | ₹213.2b | 30x | 26.3x | 3x |
| Sun, 12 Nov 2023 | ₹4.6t | ₹1.9t | ₹214.1b | 22.5x | 21.4x | 2.5x |
| Tue, 10 Oct 2023 | ₹4.4t | ₹1.8t | ₹212.0b | 22.7x | 20.8x | 2.4x |
| Thu, 07 Sep 2023 | ₹4.4t | ₹1.8t | ₹212.1b | 20.1x | 20.9x | 2.4x |
| Sat, 05 Aug 2023 | ₹4.2t | ₹1.8t | ₹218.8b | 16.5x | 19.2x | 2.3x |
| Mon, 03 Jul 2023 | ₹4.1t | ₹1.8t | ₹220.9b | 14x | 18.4x | 2.2x |
| Wed, 31 May 2023 | ₹3.9t | ₹1.8t | ₹240.0b | 12.9x | 16.2x | 2.2x |
| Fri, 28 Apr 2023 | ₹4.0t | ₹1.8t | ₹230.0b | 18.1x | 17.5x | 2.3x |
| Sun, 26 Mar 2023 | ₹4.0t | ₹1.8t | ₹230.0b | 17.6x | 17.5x | 2.3x |
| Tue, 21 Feb 2023 | ₹3.8t | ₹1.8t | ₹230.0b | 18.6x | 16.3x | 2.1x |
| Thu, 19 Jan 2023 | ₹5.8t | ₹1.7t | ₹216.8b | 22.2x | 26.9x | 3.5x |
| Sat, 17 Dec 2022 | ₹5.8t | ₹1.7t | ₹216.8b | 23.3x | 26.7x | 3.4x |
| Mon, 14 Nov 2022 | ₹6.5t | ₹1.7t | ₹216.6b | 24.6x | 30.2x | 3.9x |
| Wed, 12 Oct 2022 | ₹6.3t | ₹1.6t | ₹207.8b | 26.9x | 30.2x | 4x |
| Fri, 09 Sep 2022 | ₹7.4t | ₹1.6t | ₹207.8b | 29.2x | 35.6x | 4.7x |
| Sun, 07 Aug 2022 | ₹6.6t | ₹1.5t | ₹223.7b | 28.7x | 29.5x | 4.4x |
| Tue, 05 Jul 2022 | ₹5.4t | ₹1.5t | ₹224.5b | 27.9x | 24.1x | 3.7x |
| Thu, 02 Jun 2022 | ₹5.1t | ₹1.5t | ₹224.7b | 28x | 22.7x | 3.5x |
| Sat, 30 Apr 2022 | ₹6.1t | ₹1.4t | ₹228.2b | 19.1x | 26.6x | 4.2x |
| Mon, 28 Mar 2022 | ₹5.5t | ₹1.4t | ₹228.2b | 18x | 24.3x | 3.9x |
| Wed, 23 Feb 2022 | ₹4.9t | ₹1.4t | ₹228.2b | 32.2x | 21.3x | 3.4x |
| Fri, 21 Jan 2022 | ₹5.2t | ₹1.4t | ₹228.9b | 24.5x | 22.7x | 3.8x |
| Sun, 19 Dec 2021 | ₹4.8t | ₹1.4t | ₹228.9b | 20.3x | 20.8x | 3.4x |
| Tue, 16 Nov 2021 | ₹4.8t | ₹1.4t | ₹230.0b | 23.1x | 20.9x | 3.5x |
| Thu, 14 Oct 2021 | ₹4.6t | ₹1.3t | ₹224.2b | 23.3x | 20.4x | 3.4x |
| Sat, 11 Sep 2021 | ₹4.2t | ₹1.3t | ₹224.2b | 22.1x | 18.6x | 3.1x |
| Mon, 09 Aug 2021 | ₹3.2t | ₹1.3t | ₹224.2b | 21.9x | 14.5x | 2.4x |
| Sun, 02 May 2021 | ₹3.1t | ₹1.3t | ₹181.2b | 18.4x | 17x | 2.4x |
Price to Earnings Ratio
17x
Current Industry PE
- Investors are optimistic on the Indian Electric Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 33.0x which is higher than its 3-year average PE of 23.0x.
- The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Electric Utilities industry have grown 4.8% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Electric Utilities compare with similar industries?
| IN Market | 1.80% | |
| Utilities | 0.16% | |
| Electric Utilities | 2.36% | |
| Electric Utilities | 2.36% | |
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 | |
|---|---|---|---|---|---|
| POWERGRID Power Grid Corporation of India | ₹293.30 | 4.7% +₹122.8b | 65.7% | PE17.3x | |
| SJVN SJVN | ₹132.95 | 3.9% +₹19.6b | 269.3% | PE60.2x | |
| ADANIENSOL Adani Energy Solutions | ₹1.05k | 1.1% +₹12.7b | 6.9% | PE102.3x | |
| BAJEL Bajel Projects | ₹282.15 | 19.9% +₹5.4b | n/a | PS9x | |
| 500400 Tata Power | ₹431.50 | 0.4% +₹5.1b | 117.4% | PE38.5x |
