Power Grid Corporation of India Limited (NSE:POWERGRID) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
May 23
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Indian (NIFTY) Electric Utilities Industry Analysis
UpdatedMay 27, 2025
DataAggregated Company Financials
Companies12
- 7D-1.6%
- 3M17.0%
- 1Y-9.2%
- YTDn/a
Over the last 7 days, the Electric Utilities industry has dropped 1.5%, driven by Power Grid Corporation of India declining 2.4%. Overall the industry is down 9.5% in 12 months. Earnings are forecast to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Tue, 27 May 2025 | ₹6.7t | ₹2.1t | ₹312.1b | 30.7x | 21.5x | 3.1x |
| Thu, 24 Apr 2025 | ₹7.0t | ₹2.1t | ₹255.4b | 34.4x | 27.4x | 3.3x |
| Sat, 22 Mar 2025 | ₹6.4t | ₹2.1t | ₹255.4b | 32x | 25.1x | 3x |
| Mon, 17 Feb 2025 | ₹5.7t | ₹2.1t | ₹255.4b | 30x | 22.4x | 2.7x |
| Wed, 15 Jan 2025 | ₹6.3t | ₹2.1t | ₹282.5b | 32.3x | 22.3x | 3x |
| Fri, 13 Dec 2024 | ₹7.3t | ₹2.1t | ₹282.7b | 37.9x | 25.8x | 3.5x |
| Sun, 10 Nov 2024 | ₹7.2t | ₹2.1t | ₹239.2b | 40.4x | 30.2x | 3.5x |
| Tue, 08 Oct 2024 | ₹7.4t | ₹2.0t | ₹229.1b | 38x | 32.5x | 3.7x |
| Thu, 05 Sep 2024 | ₹7.5t | ₹2.0t | ₹229.1b | 36.4x | 32.9x | 3.7x |
| Sat, 03 Aug 2024 | ₹8.2t | ₹2.0t | ₹228.4b | 39.8x | 35.7x | 4.1x |
| Mon, 01 Jul 2024 | ₹7.3t | ₹2.0t | ₹232.2b | 39.3x | 31.4x | 3.7x |
| Wed, 29 May 2024 | ₹7.2t | ₹1.9t | ₹207.2b | 37.7x | 34.6x | 3.7x |
| Fri, 26 Apr 2024 | ₹6.9t | ₹1.9t | ₹208.6b | 38.9x | 33.3x | 3.7x |
| Sun, 24 Mar 2024 | ₹6.5t | ₹1.9t | ₹208.6b | 34.1x | 30.9x | 3.4x |
| Tue, 20 Feb 2024 | ₹6.5t | ₹1.9t | ₹208.6b | 32.3x | 31x | 3.4x |
| Thu, 18 Jan 2024 | ₹5.8t | ₹1.9t | ₹213.0b | 28.7x | 27.4x | 3.1x |
| Sat, 16 Dec 2023 | ₹5.6t | ₹1.9t | ₹213.2b | 29.8x | 26.3x | 3x |
| Mon, 13 Nov 2023 | ₹4.6t | ₹1.9t | ₹214.1b | 22.7x | 21.4x | 2.5x |
| Wed, 11 Oct 2023 | ₹4.5t | ₹1.8t | ₹212.0b | 23.1x | 21x | 2.4x |
| Fri, 08 Sep 2023 | ₹4.5t | ₹1.8t | ₹212.1b | 20x | 21.1x | 2.5x |
| Sun, 06 Aug 2023 | ₹4.2t | ₹1.8t | ₹219.4b | 16.5x | 19.1x | 2.3x |
| Tue, 04 Jul 2023 | ₹4.0t | ₹1.8t | ₹220.9b | 13.8x | 18.2x | 2.2x |
| Thu, 01 Jun 2023 | ₹3.8t | ₹1.8t | ₹243.8b | 12.5x | 15.7x | 2.1x |
| Sat, 29 Apr 2023 | ₹4.1t | ₹1.8t | ₹230.0b | 18.4x | 17.8x | 2.3x |
| Mon, 27 Mar 2023 | ₹4.0t | ₹1.8t | ₹230.0b | 17.6x | 17.5x | 2.3x |
| Wed, 22 Feb 2023 | ₹3.7t | ₹1.8t | ₹230.0b | 19x | 16.2x | 2.1x |
| Fri, 20 Jan 2023 | ₹5.9t | ₹1.7t | ₹216.8b | 22x | 27x | 3.5x |
| Sun, 18 Dec 2022 | ₹5.8t | ₹1.7t | ₹216.8b | 23.3x | 26.7x | 3.4x |
| Tue, 15 Nov 2022 | ₹6.5t | ₹1.7t | ₹217.1b | 24.4x | 30x | 3.9x |
| Thu, 13 Oct 2022 | ₹6.4t | ₹1.6t | ₹207.8b | 27x | 30.7x | 4x |
| Sat, 10 Sep 2022 | ₹7.4t | ₹1.6t | ₹207.8b | 29.3x | 35.5x | 4.7x |
| Mon, 08 Aug 2022 | ₹6.6t | ₹1.5t | ₹223.7b | 28.7x | 29.5x | 4.4x |
| Wed, 06 Jul 2022 | ₹5.5t | ₹1.5t | ₹224.5b | 28x | 24.5x | 3.8x |
| Fri, 03 Jun 2022 | ₹5.1t | ₹1.5t | ₹224.7b | 28x | 22.7x | 3.5x |
Price to Earnings Ratio
22.7x
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 26.1x.
- The industry is trading close to its 3-year average PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Electric Utilities industry have grown 12% 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 | 0.18% | |
| Utilities | -0.45% | |
| Electric Utilities | -1.63% | |
| Electric Utilities | -1.63% | |
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 | |
|---|---|---|---|---|---|
| 500390 Reliance Infrastructure | ₹293.40 | 5.0% +₹5.5b | 72.7% | PE2.4x | |
| TORNTPOWER Torrent Power | ₹1.43k | 0.1% +₹907.0m | 2.0% | PE24x | |
| BAJEL Bajel Projects | ₹212.31 | 3.6% +₹841.6m | -19.0% | PE158.7x | |
| 523222 SRM Energy | ₹15.44 | 10.2% +₹13.0m | -34.9% | PE-36.3x | |
| 532219 Energy Development | ₹19.57 | 0.7% +₹6.2m | -15.6% | PS2.7x |
