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Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies31
- 7D-0.1%
- 3M-22.5%
- 1Y-14.9%
- YTD-6.5%
Over the last 7 days, the Renewable Energy industry has dropped 3.3%, driven by a pullback from JSW Energy of 6.4%. Overall the industry is down 15% in 12 months. Earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Indian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Feb 2025 | ₹10.4t | ₹3.4t | ₹577.8b | 29.3x | 18x | 3.1x |
| Mon, 30 Dec 2024 | ₹11.0t | ₹3.3t | ₹567.1b | 32.7x | 19.4x | 3.3x |
| Wed, 27 Nov 2024 | ₹10.6t | ₹3.3t | ₹567.1b | 32.4x | 18.8x | 3.2x |
| Fri, 25 Oct 2024 | ₹12.0t | ₹3.3t | ₹552.4b | 42.6x | 21.7x | 3.7x |
| Sun, 22 Sep 2024 | ₹13.2t | ₹3.3t | ₹547.8b | 43.3x | 24.1x | 4x |
| Tue, 20 Aug 2024 | ₹12.8t | ₹3.3t | ₹547.8b | 41.5x | 23.3x | 3.9x |
| Thu, 18 Jul 2024 | ₹12.7t | ₹3.2t | ₹575.6b | 48.6x | 22x | 4x |
| Sat, 15 Jun 2024 | ₹12.6t | ₹3.2t | ₹575.6b | 42.8x | 21.8x | 4x |
| Mon, 13 May 2024 | ₹11.3t | ₹3.1t | ₹483.5b | 27.4x | 23.3x | 3.6x |
| Wed, 10 Apr 2024 | ₹11.8t | ₹3.1t | ₹507.8b | 31.9x | 23.2x | 3.8x |
| Fri, 08 Mar 2024 | ₹11.4t | ₹3.1t | ₹508.5b | 30.5x | 22.4x | 3.7x |
| Sun, 04 Feb 2024 | ₹10.9t | ₹3.1t | ₹542.7b | 33.7x | 20x | 3.5x |
| Tue, 02 Jan 2024 | ₹9.7t | ₹3.0t | ₹505.5b | 18.2x | 19.2x | 3.2x |
| Thu, 30 Nov 2023 | ₹7.7t | ₹3.0t | ₹505.5b | 15.1x | 15.2x | 2.6x |
| Sat, 28 Oct 2023 | ₹6.4t | ₹2.9t | ₹399.9b | 13.1x | 16.1x | 2.2x |
| Mon, 25 Sep 2023 | ₹7.1t | ₹2.9t | ₹389.1b | 13.5x | 18.2x | 2.4x |
| Wed, 23 Aug 2023 | ₹6.6t | ₹2.9t | ₹389.3b | 14.7x | 17.1x | 2.3x |
| Fri, 21 Jul 2023 | ₹5.7t | ₹2.9t | ₹342.5b | 15.1x | 16.8x | 2x |
| Sun, 18 Jun 2023 | ₹5.6t | ₹2.9t | ₹359.0b | 13.5x | 15.7x | 1.9x |
| Tue, 16 May 2023 | ₹5.2t | ₹2.8t | ₹361.1b | 13.4x | 14.3x | 1.8x |
| Thu, 13 Apr 2023 | ₹5.0t | ₹2.8t | ₹332.1b | 12.4x | 15.2x | 1.8x |
| Sat, 11 Mar 2023 | ₹4.8t | ₹2.8t | ₹332.1b | 12.6x | 14.3x | 1.7x |
| Mon, 06 Feb 2023 | ₹4.9t | ₹2.8t | ₹344.3b | 11.1x | 14.2x | 1.8x |
| Wed, 04 Jan 2023 | ₹6.9t | ₹2.7t | ₹344.5b | 14.7x | 20.2x | 2.6x |
| Fri, 02 Dec 2022 | ₹7.6t | ₹2.7t | ₹349.6b | 15.2x | 21.7x | 2.8x |
| Sun, 30 Oct 2022 | ₹4.3t | ₹2.5t | ₹334.7b | 14.3x | 12.8x | 1.7x |
| Tue, 27 Sep 2022 | ₹4.2t | ₹2.5t | ₹332.8b | 16.9x | 12.5x | 1.7x |
| Thu, 25 Aug 2022 | ₹4.3t | ₹2.5t | ₹332.8b | 15.8x | 12.9x | 1.7x |
| Sat, 23 Jul 2022 | ₹3.6t | ₹2.2t | ₹275.1b | 17.5x | 13.2x | 1.6x |
| Mon, 20 Jun 2022 | ₹3.3t | ₹2.2t | ₹287.1b | 15.2x | 11.5x | 1.5x |
| Wed, 18 May 2022 | ₹3.7t | ₹2.1t | ₹280.4b | 20.3x | 13x | 1.7x |
| Fri, 15 Apr 2022 | ₹3.6t | ₹2.1t | ₹220.2b | 17.9x | 16.1x | 1.7x |
| Sun, 13 Mar 2022 | ₹2.9t | ₹2.1t | ₹220.2b | 18.7x | 13.1x | 1.4x |
| Tue, 08 Feb 2022 | ₹2.9t | ₹2.1t | ₹219.5b | 33.2x | 13.4x | 1.4x |
Price to Earnings Ratio
13.4x
Current Industry PE
- Investors are relatively neutral on the Indian Renewable Energy 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 17.6x.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 17% 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 Market | 0.93% | |
| Utilities | 0.12% | |
| Renewable Energy | -0.14% | |
| Renewable Energy | 1.22% | |
| Independent Power Producers and Energy Traders | -0.87% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 49.0x.
- Analysts are expecting annual earnings growth of 53.9%, which is higher than its past year's earnings decline of 7.0% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading close to its 3-year average of 13.8x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 54% over the next 5 years.
- This is better than its past earnings decline of 7.0% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NHPC NHPC | ₹80.55 | 4.8% +₹36.9b | -20.0% | PE27.2x | |
| NTPCGREEN NTPC Green Energy | ₹114.91 | 2.3% +₹21.8b | n/a | PE309.1x | |
| ACMESOLAR ACME Solar Holdings | ₹215.15 | 7.8% +₹9.4b | n/a | PE19.7x | |
| RPOWER Reliance Power | ₹40.09 | 4.1% +₹6.3b | 39.2% | PE14.5x | |
| NTPC NTPC | ₹324.00 | 0.1% +₹3.4b | -2.6% | PE14.3x |