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Indian (NIFTY) Renewable Energy Industry Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies26
  • 7D4.8%
  • 3M55.3%
  • 1Y163.6%
  • YTD16.2%

The Renewable Energy industry is up 4.8% in the last week, with NTPC up 7.5%. This means that the industry has gained 164% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the Indian Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024₹11.3t₹3.1t₹508.5b36.2x22.3x3.7x
Fri, 19 Jan 2024₹9.8t₹3.0t₹505.7b20.9x19.4x3.2x
Sun, 17 Dec 2023₹9.6t₹3.0t₹505.5b18.1x18.9x3.2x
Tue, 14 Nov 2023₹7.2t₹3.0t₹504.8b12.9x14.2x2.4x
Thu, 12 Oct 2023₹6.9t₹2.9t₹389.3b15.2x17.6x2.4x
Sat, 09 Sep 2023₹7.0t₹2.9t₹389.1b13.7x18x2.4x
Mon, 07 Aug 2023₹6.2t₹2.9t₹390.7b15.9x15.9x2.1x
Wed, 05 Jul 2023₹5.6t₹2.9t₹345.5b19.2x16.3x1.9x
Fri, 02 Jun 2023₹5.4t₹2.9t₹358.9b13.8x15.1x1.8x
Sun, 30 Apr 2023₹5.2t₹2.8t₹332.4b12.6x15.7x1.8x
Tue, 28 Mar 2023₹4.9t₹2.8t₹332.1b11.1x14.9x1.8x
Thu, 23 Feb 2023₹4.2t₹2.8t₹332.2b11.8x12.5x1.5x
Sat, 21 Jan 2023₹7.0t₹2.7t₹344.5b14.5x20.3x2.6x
Mon, 19 Dec 2022₹7.3t₹2.7t₹344.5b13.7x21.1x2.7x
Wed, 16 Nov 2022₹7.8t₹2.7t₹348.8b15.1x22.5x2.9x
Fri, 14 Oct 2022₹4.2t₹2.5t₹332.8b16.3x12.6x1.7x
Sun, 11 Sep 2022₹4.5t₹2.5t₹332.8b18.6x13.5x1.8x
Tue, 09 Aug 2022₹4.0t₹2.4t₹329.3b16.1x12.2x1.6x
Thu, 07 Jul 2022₹3.3t₹2.2t₹287.1b17.4x11.6x1.5x
Sat, 04 Jun 2022₹3.7t₹2.2t₹287.0b14.7x12.9x1.7x
Mon, 02 May 2022₹3.8t₹2.1t₹220.2b17x17.3x1.8x
Wed, 30 Mar 2022₹3.0t₹2.1t₹220.2b17.3x13.8x1.5x
Fri, 25 Feb 2022₹2.7t₹2.1t₹220.2b18x12.4x1.3x
Sun, 23 Jan 2022₹2.9t₹2.0t₹207.1b39.4x14.1x1.4x
Tue, 21 Dec 2021₹2.6t₹2.0t₹204.7b23.2x12.8x1.3x
Thu, 18 Nov 2021₹2.9t₹2.0t₹204.9b16x14.1x1.4x
Sat, 16 Oct 2021₹3.2t₹2.0t₹226.3b17.2x14x1.6x
Mon, 13 Sep 2021₹2.5t₹2.0t₹225.7b14.6x11.2x1.3x
Wed, 11 Aug 2021₹2.4t₹2.0t₹226.3b13.9x10.5x1.2x
Sun, 06 Jun 2021₹2.1t₹2.0t₹209.8b13.2x10x1.1x
Wed, 10 Mar 2021₹3.6t₹2.0t₹122.1b8.1x29.3x1.8x
Price to Earnings Ratio

29.3x


Total Market Cap: ₹3.6tTotal Earnings: ₹122.1bTotal Revenue: ₹2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Renewable Energy Industry Price to Earnings3Y Average 14.9x202220232024
Current Industry PE
  • Investors are optimistic on the Indian Renewable Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.3x which is higher than its 3-year average PE of 14.9x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 61% 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 Trends

Which industries have driven the changes within the Indian Utilities industry?

IN Market2.82%
Utilities4.74%
Renewable Energy4.83%
Renewable Energy7.47%
Independent Power Producers and Energy Traders3.27%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 28.9x.
    • Analysts are expecting annual earnings growth of 20.5%, which is lower than the prior year's growth of 71.5% per year.
  • Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.7x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 71% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NTPC NTPC₹345.707.5%
+₹234.2b
99.5%PE17.2x
ADANIGREEN Adani Green Energy₹1.93k6.1%
+₹176.0b
239.6%PE227.6x
NHPC NHPC₹94.8010.5%
+₹90.4b
142.5%PE25.6x
513683 NLC India₹255.305.1%
+₹17.1b
212.7%PE13.8x
542323 KPI Green Energy₹1.56k22.1%
+₹17.0b
437.1%PE62.5x
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513683

₹255.30

NLC India

7D

5.1%

1Y

212.7%

539013

₹187.80

Gita Renewable Energy

7D

-9.6%

1Y

90.6%

542323

₹1,559.95

KPI Green Energy

7D

22.1%

1Y

437.1%

NHPC

₹94.80

NHPC

7D

10.5%

1Y

142.5%

539686

₹394.90

K.P. Energy

7D

-1.9%

1Y

575.6%

533451

₹80.50

Karma Energy

7D

-9.4%

1Y

194.3%

INDOWIND

₹25.25

Indowind Energy

7D

-9.3%

1Y

93.5%

JPPOWER

₹20.40

Jaiprakash Power Ventures

7D

-2.9%

1Y

193.5%

ADANIGREEN

₹1,926.65

Adani Green Energy

7D

6.1%

1Y

239.6%

512329

₹11,712.50

SG Mart

7D

10.4%

1Y

2,748.4%

533148

₹490.15

JSW Energy

7D

0.6%

1Y

119.2%

ADANIPOWER

₹553.65

Adani Power

7D

-1.5%

1Y

223.8%

534618

₹4,650.15

Waaree Renewable Technologies

7D

16.5%

1Y

677.9%