Analysis Article • May 23
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- 7D-0.8%
- 3M24.3%
- 1Y29.0%
- YTD23.8%
The Renewable Energy is pretty flat in the last 7 days, but JSW Energy has stood out, gaining 7.0%. As for the the longer term, the industry is up 29% over the past 12 months. Earnings are forecast to grow by 19% 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, 25 May 2026 | ₹14.2t | ₹3.5t | ₹509.6b | 33x | 27.8x | 4x |
| Wed, 22 Apr 2026 | ₹13.6t | ₹3.4t | ₹483.6b | 31.7x | 28.1x | 3.9x |
| Fri, 20 Mar 2026 | ₹11.5t | ₹3.4t | ₹483.4b | 25.4x | 23.7x | 3.3x |
| Sun, 15 Feb 2026 | ₹11.1t | ₹3.4t | ₹483.4b | 24.3x | 22.9x | 3.2x |
| Tue, 13 Jan 2026 | ₹11.0t | ₹3.4t | ₹489.1b | 25x | 22.5x | 3.2x |
| Thu, 11 Dec 2025 | ₹10.8t | ₹3.4t | ₹489.1b | 24x | 22x | 3.2x |
| Sat, 08 Nov 2025 | ₹11.5t | ₹3.5t | ₹514.7b | 28x | 22.4x | 3.3x |
| Mon, 06 Oct 2025 | ₹11.8t | ₹3.4t | ₹519.7b | 28.6x | 22.7x | 3.4x |
| Wed, 03 Sep 2025 | ₹10.9t | ₹3.4t | ₹519.0b | 26.6x | 21x | 3.2x |
| Fri, 01 Aug 2025 | ₹11.0t | ₹3.4t | ₹526.2b | 30.9x | 20.9x | 3.2x |
| Sun, 29 Jun 2025 | ₹11.1t | ₹3.4t | ₹516.3b | 29.9x | 21.5x | 3.3x |
| Tue, 27 May 2025 | ₹11.0t | ₹3.4t | ₹520.1b | 28.3x | 21.1x | 3.2x |
| Thu, 24 Apr 2025 | ₹11.1t | ₹3.4t | ₹593.4b | 29.2x | 18.6x | 3.3x |
| Sat, 22 Mar 2025 | ₹10.6t | ₹3.4t | ₹593.4b | 27.1x | 17.9x | 3.2x |
| Mon, 17 Feb 2025 | ₹9.5t | ₹3.4t | ₹593.4b | 27x | 16x | 2.8x |
| Wed, 15 Jan 2025 | ₹10.5t | ₹3.3t | ₹567.1b | 29.6x | 18.5x | 3.2x |
| Fri, 13 Dec 2024 | ₹12.0t | ₹3.3t | ₹567.1b | 32.9x | 21.1x | 3.6x |
| Sun, 10 Nov 2024 | ₹11.8t | ₹3.3t | ₹519.5b | 50x | 22.6x | 3.6x |
| Tue, 08 Oct 2024 | ₹12.4t | ₹3.3t | ₹547.8b | 42.2x | 22.7x | 3.8x |
| Thu, 05 Sep 2024 | ₹12.7t | ₹3.3t | ₹547.8b | 42x | 23.3x | 3.9x |
| Sat, 03 Aug 2024 | ₹13.2t | ₹3.3t | ₹544.7b | 43.1x | 24.3x | 4.1x |
| Mon, 01 Jul 2024 | ₹12.6t | ₹3.2t | ₹575.6b | 48.2x | 21.9x | 4x |
| Wed, 29 May 2024 | ₹12.2t | ₹3.2t | ₹578.2b | 27.8x | 21.1x | 3.9x |
| Fri, 26 Apr 2024 | ₹11.5t | ₹3.1t | ₹508.2b | 32x | 22.7x | 3.7x |
| Sun, 24 Mar 2024 | ₹10.8t | ₹3.1t | ₹508.5b | 27.9x | 21.2x | 3.5x |
| Tue, 20 Feb 2024 | ₹11.4t | ₹3.1t | ₹508.5b | 37.1x | 22.4x | 3.7x |
| Thu, 18 Jan 2024 | ₹10.0t | ₹3.0t | ₹505.7b | 19.9x | 19.7x | 3.3x |
| Sat, 16 Dec 2023 | ₹9.6t | ₹3.0t | ₹505.5b | 18.1x | 18.9x | 3.2x |
| Mon, 13 Nov 2023 | ₹7.1t | ₹3.0t | ₹504.8b | 12.9x | 14.1x | 2.4x |
| Wed, 11 Oct 2023 | ₹6.8t | ₹2.9t | ₹389.3b | 15x | 17.5x | 2.3x |
| Fri, 08 Sep 2023 | ₹6.9t | ₹2.9t | ₹389.1b | 14.1x | 17.7x | 2.4x |
| Sun, 06 Aug 2023 | ₹6.2t | ₹2.9t | ₹390.7b | 15.9x | 15.9x | 2.1x |
| Tue, 04 Jul 2023 | ₹5.6t | ₹2.9t | ₹345.5b | 18.3x | 16.3x | 1.9x |
| Thu, 01 Jun 2023 | ₹5.4t | ₹2.9t | ₹358.9b | 13.7x | 15x | 1.8x |
Price to Earnings Ratio
15x
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 27.8x which is higher than its 3-year average PE of 20.7x.
- The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 6.0% 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 | 0.48% | |
| Utilities | -0.46% | |
| Renewable Energy | -0.80% | |
| Independent Power Producers and Energy Traders | -0.63% | |
| Renewable Energy | -1.18% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry, which is trading close to its 3-year average PE ratio of 62.8x.
- Analysts are expecting annual earnings growth of 41.3%, which is lower than the prior year's growth of 49.0% 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 15.6x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 41% 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 8.8% 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 | |
|---|---|---|---|---|---|
| 533148 JSW Energy | ₹551.00 | 7.0% +₹63.5b | 10.9% | PE43.2x | |
| NHPC NHPC | ₹78.36 | 2.0% +₹15.8b | -8.9% | PE20.9x | |
| ACMESOLAR ACME Solar Holdings | ₹290.20 | 5.1% +₹8.6b | 15.7% | PE35.2x | |
| 542323 KPI Green Energy | ₹427.25 | 1.4% +₹1.2b | -7.9% | PE17.7x | |
| 539686 K.P. Energy | ₹359.00 | 2.8% +₹659.1m | -22.6% | PE13.4x |
