Header cover image

Indian (NIFTY) Electric Utilities Industry Analysis

UpdatedJul 24, 2024
DataAggregated Company Financials
Companies11
  • 7D-2.8%
  • 3M6.2%
  • 1Y73.6%
  • YTDn/a

Over the last 7 days, the Electric Utilities industry has dropped 2.8%, driven by declines in Power Grid Corporation of India and Tata Power of 2.4% and 4.7%, respectively. This takes the industry's 12 month performance to a gain of 74%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jul 2024₹7.3t₹2.0t₹232.2b39.1x31.5x3.7x
Fri, 21 Jun 2024₹7.3t₹2.0t₹232.2b41.8x31.4x3.7x
Sun, 19 May 2024₹7.1t₹2.0t₹209.7b36.7x33.7x3.6x
Tue, 16 Apr 2024₹6.7t₹1.9t₹208.6b39.1x32.2x3.6x
Thu, 14 Mar 2024₹6.0t₹1.9t₹208.6b31.3x28.8x3.2x
Sat, 10 Feb 2024₹6.5t₹1.9t₹214.7b31.2x30.3x3.5x
Mon, 08 Jan 2024₹5.9t₹1.9t₹213.1b27.9x27.7x3.2x
Wed, 06 Dec 2023₹5.3t₹1.9t₹213.2b25.2x25x2.9x
Fri, 03 Nov 2023₹4.5t₹1.8t₹212.0b22.3x21x2.4x
Sun, 01 Oct 2023₹4.5t₹1.8t₹212.0b23.8x21.4x2.5x
Tue, 29 Aug 2023₹4.3t₹1.8t₹212.1b19.9x20.4x2.4x
Thu, 27 Jul 2023₹4.2t₹1.8t₹220.7b16.8x18.9x2.3x
Sat, 24 Jun 2023₹4.0t₹1.8t₹220.9b14.5x18.1x2.2x
Mon, 22 May 2023₹3.8t₹1.8t₹230.4b19.7x16.5x2.1x
Wed, 19 Apr 2023₹4.0t₹1.8t₹230.0b18x17.5x2.3x
Fri, 17 Mar 2023₹4.0t₹1.8t₹230.0b18.6x17.3x2.3x
Sun, 12 Feb 2023₹4.1t₹1.7t₹227.0b18.7x17.9x2.4x
Tue, 10 Jan 2023₹5.7t₹1.7t₹216.8b22.1x26.1x3.4x
Thu, 08 Dec 2022₹6.0t₹1.7t₹216.8b24.2x27.6x3.6x
Sat, 05 Nov 2022₹6.7t₹1.6t₹211.1b24.5x31.5x4.1x
Mon, 03 Oct 2022₹6.5t₹1.6t₹207.8b26.8x31x4.1x
Wed, 31 Aug 2022₹7.5t₹1.6t₹207.8b29.1x35.9x4.7x
Fri, 29 Jul 2022₹6.1t₹1.5t₹226.2b27x27x4.1x
Sun, 26 Jun 2022₹5.1t₹1.5t₹224.5b27.8x22.6x3.5x
Tue, 24 May 2022₹5.3t₹1.5t₹230.8b29.6x23.1x3.6x
Thu, 21 Apr 2022₹6.0t₹1.4t₹228.2b19.8x26.2x4.2x
Sat, 19 Mar 2022₹5.4t₹1.4t₹228.2b20.4x23.8x3.8x
Mon, 14 Feb 2022₹5.0t₹1.4t₹227.9b21x22.1x3.5x
Wed, 12 Jan 2022₹4.9t₹1.4t₹228.9b31x21.4x3.5x
Fri, 10 Dec 2021₹4.9t₹1.4t₹228.9b21.5x21.2x3.5x
Sun, 07 Nov 2021₹4.6t₹1.4t₹227.6b22.3x20.4x3.4x
Tue, 05 Oct 2021₹4.3t₹1.3t₹224.2b22.6x19x3.2x
Thu, 02 Sep 2021₹4.0t₹1.3t₹224.2b22.1x18x3x
Sat, 31 Jul 2021₹3.1t₹1.3t₹224.2b22.1x14x2.4x
Price to Earnings Ratio

14x


Total Market Cap: ₹3.1tTotal Earnings: ₹224.2bTotal Revenue: ₹1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electric Utilities Industry Price to Earnings3Y Average 24.3x202220232024
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 31.5x which is higher than its 3-year average PE of 24.3x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 14% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Comparison

How does Indian Electric Utilities compare with similar industries?

IN Market-1.99%
Utilities-2.63%
Electric Utilities-2.80%
Electric Utilities-2.80%
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₹1.04k1.4%
+₹15.6b
27.1%PE101.6x
540565 India Grid Trust₹140.491.1%
+₹1.2b
2.2%PE38.6x
DPSCLTD India Power₹21.883.5%
+₹730.3m
78.6%PE124x
BAJEL Bajel Projects₹286.701.9%
+₹628.6m
n/aPE771.4x
532219 Energy Development₹25.991.5%
+₹18.5m
53.2%PS4.1x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

TORNTPOWER

₹1,519.45

Torrent Power

7D

-1.7%

1Y

137.8%

500400

₹419.75

Tata Power

7D

-3.9%

1Y

89.5%

POWERGRID

₹337.15

Power Grid Corporation of India

7D

-1.5%

1Y

79.1%

540565

₹140.49

India Grid Trust

7D

1.1%

1Y

2.2%

500390

₹184.45

Reliance Infrastructure

7D

-2.7%

1Y

7.9%

SJVN

₹144.48

SJVN

7D

-4.5%

1Y

148.9%

CESC

₹168.64

CESC

7D

-6.3%

1Y

120.7%

532219

₹25.99

Energy Development

7D

1.5%

1Y

53.2%

523222

₹15.22

SRM Energy

7D

-5.5%

1Y

346.3%

BAJEL

₹286.70

Bajel Projects

7D

1.9%

1Y

n/a

ADANIENSOL

₹1,036.20

Adani Energy Solutions

7D

1.4%

1Y

27.1%