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Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedAug 27, 2025
DataAggregated Company Financials
Companies29
- 7D-2.1%
- 3M-1.6%
- 1Y-24.7%
- YTD-3.8%
Over the last 7 days, the Renewable Energy industry has dropped 2.1%, driven by Adani Green Energy declining 4.3%. The industry has fallen 25% in the last year. Earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Wed, 27 Aug 2025 | ₹10.8t | ₹3.4t | ₹519.0b | 27x | 20.7x | 3.1x |
| Fri, 25 Jul 2025 | ₹11.2t | ₹3.4t | ₹516.7b | 32.2x | 21.7x | 3.3x |
| Sun, 22 Jun 2025 | ₹10.7t | ₹3.4t | ₹516.3b | 31.6x | 20.6x | 3.1x |
| Tue, 20 May 2025 | ₹10.9t | ₹3.4t | ₹501.7b | 28.2x | 21.8x | 3.2x |
| Thu, 17 Apr 2025 | ₹10.8t | ₹3.4t | ₹593.4b | 28x | 18.2x | 3.2x |
| Sat, 15 Mar 2025 | ₹10.0t | ₹3.4t | ₹593.4b | 25.6x | 16.9x | 3x |
| Mon, 10 Feb 2025 | ₹10.2t | ₹3.4t | ₹592.5b | 29x | 17.1x | 3x |
| Wed, 08 Jan 2025 | ₹10.8t | ₹3.3t | ₹567.1b | 31.4x | 19x | 3.2x |
| Fri, 06 Dec 2024 | ₹12.0t | ₹3.3t | ₹567.1b | 34x | 21.2x | 3.6x |
| Sun, 03 Nov 2024 | ₹12.0t | ₹3.3t | ₹525.7b | 52.2x | 22.8x | 3.7x |
| Tue, 01 Oct 2024 | ₹13.2t | ₹3.3t | ₹547.8b | 44.6x | 24.2x | 4.1x |
| Thu, 29 Aug 2024 | ₹12.7t | ₹3.3t | ₹547.8b | 43.4x | 23.1x | 3.9x |
| Sat, 27 Jul 2024 | ₹12.8t | ₹3.2t | ₹579.2b | 44.9x | 22.1x | 4x |
| Mon, 24 Jun 2024 | ₹12.4t | ₹3.2t | ₹575.6b | 42.2x | 21.6x | 3.9x |
| Wed, 22 May 2024 | ₹12.2t | ₹3.1t | ₹475.3b | 34.4x | 25.6x | 3.9x |
| Fri, 19 Apr 2024 | ₹11.4t | ₹3.1t | ₹508.1b | 30.5x | 22.4x | 3.7x |
| Sun, 17 Mar 2024 | ₹10.7t | ₹3.1t | ₹508.5b | 28.7x | 21x | 3.5x |
| Tue, 13 Feb 2024 | ₹10.7t | ₹3.1t | ₹539.7b | 38.1x | 19.9x | 3.5x |
| Thu, 11 Jan 2024 | ₹10.2t | ₹3.0t | ₹505.6b | 23.3x | 20.2x | 3.4x |
| Sat, 09 Dec 2023 | ₹9.3t | ₹3.0t | ₹505.5b | 20x | 18.5x | 3.1x |
| Mon, 06 Nov 2023 | ₹6.9t | ₹3.0t | ₹474.9b | 14.6x | 14.5x | 2.3x |
| Wed, 04 Oct 2023 | ₹7.1t | ₹2.9t | ₹389.1b | 14.8x | 18.3x | 2.4x |
| Fri, 01 Sep 2023 | ₹6.4t | ₹2.9t | ₹389.3b | 14.6x | 16.4x | 2.2x |
| Sun, 30 Jul 2023 | ₹6.2t | ₹2.9t | ₹342.0b | 15.7x | 18x | 2.1x |
| Tue, 27 Jun 2023 | ₹5.6t | ₹2.9t | ₹359.1b | 17.5x | 15.5x | 1.9x |
| Thu, 25 May 2023 | ₹5.4t | ₹2.9t | ₹357.3b | 15.7x | 15.1x | 1.8x |
| Sat, 22 Apr 2023 | ₹5.0t | ₹2.8t | ₹332.4b | 12.3x | 15x | 1.8x |
| Mon, 20 Mar 2023 | ₹4.9t | ₹2.8t | ₹332.1b | 12.6x | 14.7x | 1.7x |
| Wed, 15 Feb 2023 | ₹4.3t | ₹2.8t | ₹332.1b | 11.8x | 12.8x | 1.5x |
| Fri, 13 Jan 2023 | ₹6.8t | ₹2.7t | ₹344.5b | 14.5x | 19.7x | 2.6x |
| Sun, 11 Dec 2022 | ₹7.3t | ₹2.7t | ₹344.5b | 14.3x | 21.3x | 2.8x |
| Tue, 08 Nov 2022 | ₹4.4t | ₹2.6t | ₹331.7b | 16.4x | 13.3x | 1.7x |
| Thu, 06 Oct 2022 | ₹4.2t | ₹2.5t | ₹332.8b | 16.5x | 12.5x | 1.7x |
| Sat, 03 Sep 2022 | ₹4.5t | ₹2.5t | ₹332.8b | 16.6x | 13.4x | 1.8x |
Price to Earnings Ratio
13.4x
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 20.7x which is higher than its 3-year average PE of 18.7x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 12% 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 | -1.16% | |
| Utilities | -2.11% | |
| Renewable Energy | -2.10% | |
| Independent Power Producers and Energy Traders | -1.76% | |
| Renewable Energy | -2.78% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry, which is trading close to its 3-year average PE ratio of 59.2x.
- Analysts are expecting annual earnings growth of 37.7%, which is lower than the prior year's growth of 45.5% 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 13.8x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 38% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 7.8% 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 | |
|---|---|---|---|---|---|
| 507836 Mac Charles (India) | ₹728.40 | 3.4% +₹310.5m | 23.3% | PS32x | |
| 539686 K.P. Energy | ₹427.35 | 0.4% +₹123.8m | 8.2% | PE23.3x | |
| 526025 Globus Power Generation | ₹13.98 | 1.7% +₹22.8m | -27.3% | PE37.7x | |
| 513452 Elango Industries | ₹10.62 | 13.3% +₹4.8m | -15.3% | PS3.6x |
