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Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies31
- 7D-7.3%
- 3M-25.8%
- 1Y3.1%
- YTD0.6%
Over the last 7 days, the Renewable Energy industry has dropped 5.4%, driven by pullbacks in Adani Green Energy and NTPC of 14% and 6.7%, respectively. In the past year, the industry has gained 6.1%. As for the next few years, earnings are expected to grow by 24% per annum.
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, 21 Dec 2024 | ₹11.1t | ₹3.3t | ₹567.1b | 32.6x | 19.5x | 3.3x |
| Mon, 18 Nov 2024 | ₹11.2t | ₹3.3t | ₹564.2b | 26.4x | 19.9x | 3.4x |
| Wed, 16 Oct 2024 | ₹12.6t | ₹3.3t | ₹547.0b | 44.7x | 23x | 3.9x |
| Fri, 13 Sep 2024 | ₹12.6t | ₹3.3t | ₹547.8b | 42.3x | 23x | 3.9x |
| Sun, 11 Aug 2024 | ₹12.7t | ₹3.3t | ₹546.8b | 40.9x | 23.3x | 3.9x |
| Tue, 09 Jul 2024 | ₹12.5t | ₹3.2t | ₹575.6b | 52.5x | 21.7x | 4x |
| Thu, 06 Jun 2024 | ₹12.0t | ₹3.2t | ₹583.6b | 40.9x | 20.5x | 3.8x |
| Sat, 04 May 2024 | ₹11.8t | ₹3.2t | ₹502.2b | 26.8x | 23.4x | 3.7x |
| Mon, 01 Apr 2024 | ₹11.0t | ₹3.1t | ₹508.5b | 27.1x | 21.5x | 3.6x |
| Wed, 28 Feb 2024 | ₹11.3t | ₹3.1t | ₹508.5b | 32.4x | 22.3x | 3.7x |
| Fri, 26 Jan 2024 | ₹10.3t | ₹3.0t | ₹506.3b | 21.5x | 20.4x | 3.4x |
| Sun, 24 Dec 2023 | ₹9.4t | ₹3.0t | ₹505.5b | 16.7x | 18.6x | 3.1x |
| Tue, 21 Nov 2023 | ₹7.2t | ₹3.0t | ₹505.5b | 13.6x | 14.3x | 2.4x |
| Thu, 19 Oct 2023 | ₹6.8t | ₹2.9t | ₹389.3b | 14.8x | 17.4x | 2.3x |
| Sat, 16 Sep 2023 | ₹7.0t | ₹2.9t | ₹389.1b | 14.4x | 18.1x | 2.4x |
| Mon, 14 Aug 2023 | ₹6.2t | ₹2.9t | ₹389.3b | 16x | 16x | 2.1x |
| Wed, 12 Jul 2023 | ₹5.7t | ₹2.9t | ₹345.5b | 18.9x | 16.5x | 1.9x |
| Fri, 09 Jun 2023 | ₹5.6t | ₹2.9t | ₹359.0b | 11.8x | 15.6x | 1.9x |
| Sun, 07 May 2023 | ₹5.3t | ₹2.8t | ₹361.5b | 13.3x | 14.6x | 1.9x |
| Tue, 04 Apr 2023 | ₹4.9t | ₹2.8t | ₹332.1b | 12x | 14.7x | 1.7x |
| Thu, 02 Mar 2023 | ₹4.1t | ₹2.8t | ₹332.1b | 12.4x | 12.5x | 1.5x |
| Sat, 28 Jan 2023 | ₹6.0t | ₹2.7t | ₹343.1b | 14.5x | 17.6x | 2.3x |
| Mon, 26 Dec 2022 | ₹6.5t | ₹2.7t | ₹344.5b | 13.3x | 19x | 2.5x |
| Wed, 23 Nov 2022 | ₹7.3t | ₹2.7t | ₹348.8b | 14.6x | 20.9x | 2.7x |
| Fri, 21 Oct 2022 | ₹4.2t | ₹2.5t | ₹333.0b | 15.7x | 12.6x | 1.7x |
| Sun, 18 Sep 2022 | ₹4.5t | ₹2.5t | ₹332.8b | 18.2x | 13.5x | 1.8x |
| Tue, 16 Aug 2022 | ₹4.1t | ₹2.5t | ₹332.8b | 14.9x | 12.2x | 1.6x |
| Thu, 14 Jul 2022 | ₹3.6t | ₹2.2t | ₹275.1b | 17.5x | 13x | 1.6x |
| Sat, 11 Jun 2022 | ₹3.7t | ₹2.2t | ₹287.1b | 15.9x | 12.7x | 1.6x |
| Mon, 09 May 2022 | ₹3.8t | ₹2.1t | ₹286.4b | 18.6x | 13.4x | 1.8x |
| Wed, 06 Apr 2022 | ₹3.6t | ₹2.1t | ₹220.2b | 19.1x | 16.1x | 1.7x |
| Fri, 04 Mar 2022 | ₹2.9t | ₹2.1t | ₹220.2b | 19.1x | 13.2x | 1.4x |
| Sun, 30 Jan 2022 | ₹2.9t | ₹2.0t | ₹207.1b | 36.2x | 14.1x | 1.4x |
| Tue, 28 Dec 2021 | ₹2.7t | ₹2.0t | ₹204.7b | 25.1x | 13.1x | 1.3x |
Price to Earnings Ratio
13.1x
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 19.9x which is higher than its 3-year average PE of 17.4x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 40% per year over the last three years.
- Revenues for these companies have grown 18% 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 | -4.25% | |
| Utilities | -6.69% | |
| Renewable Energy | -7.32% | |
| Independent Power Producers and Energy Traders | -5.86% | |
| Renewable Energy | -9.84% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 46.7x.
- Analysts are expecting annual earnings growth of 50.0%, which is higher than its past year's earnings decline of 12.3% 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 50% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 9.8% 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 | |
|---|---|---|---|---|---|
| 512329 SG Mart | ₹386.20 | 3.2% +₹1.3b | -10.8% | PE46.7x | |
| 542323 KPI Green Energy | ₹800.90 | 1.0% +₹1.1b | 78.5% | PE45.8x | |
| JPPOWER Jaiprakash Power Ventures | ₹18.97 | 0.7% +₹890.9m | 43.2% | PE10.1x | |
| 506520 Jayshree Chemicals | ₹10.43 | 14.2% +₹38.1m | -2.4% | PS2.1x | |
| INDOWIND Indowind Energy | ₹24.08 | 1.0% +₹30.9m | 14.4% | PE46x |