Investors Will Want Power Grid Corporation of India's (NSE:POWERGRID) Growth In ROCE To Persist
Sep 24
Indian (NIFTY) Electric Utilities Industry Analysis
UpdatedSep 28, 2023
DataAggregated Company Financials
Companies10
- 7D-3.0%
- 3M11.2%
- 1Y-33.3%
- YTD-20.2%
The Electric Utilities industry is down 3.0% over the last week with Power Grid Corporation of India the worst performer, down 2.6%. The industry has fallen 33% in the last year. Looking forward, earnings are forecast to grow by 3.9% 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, 28 Sep 2023 | ₹4.5t | ₹1.8t | ₹212.0b | 23.6x | 21.3x | 2.5x |
| Sat, 26 Aug 2023 | ₹4.3t | ₹1.8t | ₹212.1b | 19.9x | 20.1x | 2.3x |
| Mon, 24 Jul 2023 | ₹4.0t | ₹1.8t | ₹220.7b | 14.5x | 18.2x | 2.2x |
| Wed, 21 Jun 2023 | ₹4.1t | ₹1.8t | ₹220.9b | 15x | 18.5x | 2.3x |
| Fri, 19 May 2023 | ₹3.8t | ₹1.8t | ₹228.8b | 19.6x | 16.6x | 2.2x |
| Sun, 16 Apr 2023 | ₹4.0t | ₹1.8t | ₹230.0b | 17.9x | 17.5x | 2.3x |
| Tue, 14 Mar 2023 | ₹3.9t | ₹1.8t | ₹230.0b | 18.5x | 17x | 2.2x |
| Thu, 09 Feb 2023 | ₹4.2t | ₹1.7t | ₹227.0b | 18.9x | 18.3x | 2.4x |
| Sat, 07 Jan 2023 | ₹5.5t | ₹1.7t | ₹216.8b | 22x | 25.6x | 3.3x |
| Mon, 05 Dec 2022 | ₹6.0t | ₹1.7t | ₹216.8b | 24.1x | 27.6x | 3.6x |
| Wed, 02 Nov 2022 | ₹6.7t | ₹1.6t | ₹211.8b | 24.7x | 31.8x | 4.2x |
| Fri, 30 Sep 2022 | ₹6.6t | ₹1.6t | ₹207.8b | 26.3x | 31.5x | 4.1x |
| Sun, 28 Aug 2022 | ₹7.2t | ₹1.6t | ₹207.8b | 29.1x | 34.6x | 4.6x |
| Tue, 26 Jul 2022 | ₹6.1t | ₹1.5t | ₹222.2b | 28.6x | 27.4x | 4.2x |
| Thu, 23 Jun 2022 | ₹5.0t | ₹1.5t | ₹224.5b | 27.9x | 22.4x | 3.4x |
| Sat, 21 May 2022 | ₹5.5t | ₹1.5t | ₹224.2b | 32.2x | 24.5x | 3.8x |
| Mon, 18 Apr 2022 | ₹6.1t | ₹1.4t | ₹228.2b | 19.7x | 26.6x | 4.2x |
| Wed, 16 Mar 2022 | ₹5.2t | ₹1.4t | ₹228.2b | 21.3x | 22.8x | 3.6x |
| Fri, 11 Feb 2022 | ₹5.1t | ₹1.4t | ₹227.3b | 22.1x | 22.5x | 3.7x |
| Sun, 09 Jan 2022 | ₹4.8t | ₹1.4t | ₹228.9b | 32.3x | 20.9x | 3.5x |
| Tue, 07 Dec 2021 | ₹4.8t | ₹1.4t | ₹228.9b | 20.6x | 21x | 3.5x |
| Thu, 04 Nov 2021 | ₹4.6t | ₹1.4t | ₹227.6b | 22.3x | 20.3x | 3.4x |
| Sat, 02 Oct 2021 | ₹4.2t | ₹1.3t | ₹224.2b | 22.6x | 18.7x | 3.1x |
| Mon, 30 Aug 2021 | ₹3.8t | ₹1.3t | ₹224.2b | 22.3x | 17.2x | 2.9x |
| Tue, 06 Jul 2021 | ₹3.3t | ₹1.3t | ₹224.2b | 21.5x | 14.8x | 2.5x |
| Fri, 09 Apr 2021 | ₹2.9t | ₹1.3t | ₹181.2b | 20.1x | 16.2x | 2.3x |
| Thu, 31 Dec 2020 | ₹2.1t | ₹1.2t | ₹169.4b | 19.1x | 12.6x | 1.8x |
| Sun, 04 Oct 2020 | ₹1.7t | ₹1.2t | ₹164.0b | 13.2x | 10.3x | 1.4x |
Price to Earnings Ratio
10.3x
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 20.3x.
- The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Electric Utilities industry have grown 8.9% 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 Comparison
How does Indian Electric Utilities compare with similar industries?
| IN Market | -0.35% | |
| Utilities | -1.19% | |
| Electric Utilities | -2.99% | |
| Electric Utilities | -2.99% | |
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 | ₹259.65 | 1.2% +₹9.9b | 22.3% | PE23.6x | |
| TORNTPOWER Torrent Power | ₹735.00 | 2.4% +₹8.2b | 52.2% | PE16.6x | |
| 500390 Reliance Infrastructure | ₹173.40 | -0.9% ₹7.1b | 25.8% | PS0.3x | |
| DPSCLTD India Power | ₹17.30 | 3.6% +₹584.3m | 31.6% | PE107x | |
| 540565 India Grid Trust | ₹137.99 | 0.2% +₹182.0m | -3.5% | PE20.2x |
