Do NTPC's (NSE:NTPC) Earnings Warrant Your Attention?
Nov 17
Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedNov 28, 2022
DataAggregated Company Financials
Companies30
- 7D-1.0%
- 3M-7.6%
- 1Y50.7%
- YTD51.5%
In the last week, Renewable Energy has been flat. The past year has been better, since the industry has gained 51% in that time. Looking forward, earnings are forecast to grow by 33% 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 |
|---|---|---|---|---|---|---|
| Mon, 28 Nov 2022 | ₹7.4t | ₹2.7t | ₹349.6b | 15.7x | 21.2x | 2.8x |
| Wed, 26 Oct 2022 | ₹4.2t | ₹2.5t | ₹333.4b | 14.3x | 12.7x | 1.7x |
| Fri, 23 Sep 2022 | ₹4.5t | ₹2.5t | ₹332.8b | 18x | 13.4x | 1.8x |
| Sun, 21 Aug 2022 | ₹4.3t | ₹2.5t | ₹332.8b | 14.8x | 13x | 1.8x |
| Tue, 19 Jul 2022 | ₹3.6t | ₹2.2t | ₹275.1b | 17.7x | 13x | 1.6x |
| Thu, 16 Jun 2022 | ₹3.5t | ₹2.2t | ₹287.1b | 15.4x | 12.1x | 1.6x |
| Sat, 14 May 2022 | ₹3.4t | ₹2.1t | ₹286.4b | 18.6x | 11.9x | 1.6x |
| Mon, 11 Apr 2022 | ₹3.6t | ₹2.1t | ₹220.2b | 18.4x | 16.1x | 1.7x |
| Wed, 09 Mar 2022 | ₹2.8t | ₹2.1t | ₹220.2b | 18.6x | 12.8x | 1.3x |
| Fri, 04 Feb 2022 | ₹2.9t | ₹2.1t | ₹214.4b | 33.7x | 13.6x | 1.4x |
| Sun, 02 Jan 2022 | ₹2.7t | ₹2.0t | ₹204.7b | 30x | 13.3x | 1.3x |
| Tue, 30 Nov 2021 | ₹2.7t | ₹2.0t | ₹204.7b | 22.2x | 13.1x | 1.3x |
| Thu, 28 Oct 2021 | ₹3.0t | ₹2.0t | ₹226.3b | 19.7x | 13.5x | 1.5x |
| Sat, 25 Sep 2021 | ₹2.7t | ₹2.0t | ₹226.3b | 15.6x | 11.9x | 1.3x |
| Mon, 23 Aug 2021 | ₹2.3t | ₹2.0t | ₹226.3b | 12.6x | 10x | 1.1x |
| Sat, 10 Jul 2021 | ₹2.4t | ₹2.0t | ₹226.3b | 17.2x | 10.6x | 1.2x |
| Fri, 02 Apr 2021 | ₹1.9t | ₹2.0t | ₹209.8b | 10.9x | 9.1x | 1x |
| Mon, 04 Jan 2021 | ₹3.3t | ₹2.0t | ₹122.1b | 7.7x | 26.9x | 1.6x |
| Thu, 08 Oct 2020 | ₹2.6t | ₹2.0t | ₹94.8b | 7.5x | 27x | 1.3x |
| Wed, 01 Jul 2020 | ₹2.1t | ₹1.9t | ₹76.0b | 7.9x | 27x | 1.1x |
| Sat, 04 Apr 2020 | ₹1.5t | ₹2.0t | ₹81.1b | 6.5x | 19x | 0.8x |
| Tue, 07 Jan 2020 | ₹2.2t | ₹1.9t | ₹141.1b | 5.6x | 15.3x | 1.2x |
Price to Earnings Ratio
14.7x
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 21.2x which is higher than its 3-year average PE of 17.5x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 35% per year over the last three years.
- Revenues for these companies have grown 13% 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 | 0.87% | |
| Utilities | -1.89% | |
| Renewable Energy | -0.97% | |
| Independent Power Producers and Energy Traders | 0.14% | |
| Renewable Energy | -2.03% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 53.3x.
- Analysts are expecting annual earnings growth of 47.9%, which is lower than the prior year's growth of 80.8% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 13.8x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 48% over the next 5 years.
- However this is lower than its past earnings growth rate of 81% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 8.0% 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 | |
|---|---|---|---|---|---|
| NTPC NTPC | ₹169.75 | 2.4% +₹37.8b | 31.7% | PE9.7x | |
| 533098 NHPC | ₹43.80 | 3.9% +₹16.6b | 42.9% | PE11.4x | |
| 513683 NLC India | ₹83.45 | 7.1% +₹7.6b | 33.1% | PE7.6x | |
| 533148 JSW Energy | ₹307.50 | 0.9% +₹4.3b | 1.5% | PE22.8x | |
| 532524 PTC India | ₹88.55 | 9.8% +₹2.3b | -21.5% | PE5.2x |