Header cover image

Indian (NIFTY) Renewable Energy Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies28
  • 7D9.3%
  • 3M-0.2%
  • 1Y12.0%
  • YTD0.6%

In the last week, the Renewable Energy industry is up 9.3%, with Adani Power up 15%. In the same time, Orient Green Power was down 6.4%. In the last 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026₹11.4t₹3.4t₹483.8b26x23.6x3.3x
Wed, 07 Jan 2026₹11.5t₹3.4t₹489.1b25.5x23.5x3.4x
Fri, 05 Dec 2025₹10.9t₹3.4t₹489.1b24.1x22.3x3.2x
Sun, 02 Nov 2025₹12.0t₹3.5t₹512.5b29.1x23.5x3.5x
Tue, 30 Sep 2025₹11.7t₹3.4t₹519.7b27.8x22.4x3.4x
Thu, 28 Aug 2025₹10.8t₹3.4t₹519.0b27x20.7x3.1x
Sat, 26 Jul 2025₹10.9t₹3.4t₹516.7b31x21.1x3.2x
Mon, 23 Jun 2025₹10.7t₹3.4t₹516.3b31.6x20.7x3.1x
Wed, 21 May 2025₹10.8t₹3.4t₹501.7b27.3x21.5x3.2x
Fri, 18 Apr 2025₹10.9t₹3.4t₹593.4b28.5x18.3x3.2x
Sun, 16 Mar 2025₹10.0t₹3.4t₹593.4b25.6x16.9x3x
Tue, 11 Feb 2025₹9.9t₹3.4t₹592.5b28.1x16.8x3x
Thu, 09 Jan 2025₹10.6t₹3.3t₹567.1b30.6x18.8x3.2x
Sat, 07 Dec 2024₹12.1t₹3.3t₹567.1b34x21.3x3.6x
Mon, 04 Nov 2024₹12.0t₹3.3t₹525.7b52.2x22.8x3.7x
Wed, 02 Oct 2024₹13.2t₹3.3t₹547.8b46.3x24.1x4x
Fri, 30 Aug 2024₹12.6t₹3.3t₹547.8b42.8x23x3.9x
Sun, 28 Jul 2024₹12.8t₹3.2t₹579.2b44.9x22.1x4x
Tue, 25 Jun 2024₹12.6t₹3.2t₹575.6b42.7x21.8x4x
Thu, 23 May 2024₹12.3t₹3.1t₹475.3b35.1x25.8x4x
Sat, 20 Apr 2024₹11.4t₹3.1t₹508.1b30.5x22.4x3.7x
Mon, 18 Mar 2024₹10.7t₹3.1t₹508.5b28.7x21x3.5x
Wed, 14 Feb 2024₹10.8t₹3.1t₹537.9b23.2x20x3.5x
Fri, 12 Jan 2024₹10.2t₹3.0t₹505.6b24.4x20.2x3.4x
Sun, 10 Dec 2023₹9.3t₹3.0t₹505.5b20x18.5x3.1x
Tue, 07 Nov 2023₹7.0t₹3.0t₹474.9b15.2x14.7x2.3x
Thu, 05 Oct 2023₹7.1t₹2.9t₹389.1b14.5x18.3x2.4x
Sat, 02 Sep 2023₹6.6t₹2.9t₹389.3b15.3x16.9x2.3x
Mon, 31 Jul 2023₹6.2t₹2.9t₹349.8b15.8x17.6x2.1x
Wed, 28 Jun 2023₹5.6t₹2.9t₹359.1b17.5x15.5x1.9x
Fri, 26 May 2023₹5.4t₹2.9t₹357.3b15.7x15.1x1.8x
Sun, 23 Apr 2023₹5.0t₹2.8t₹332.4b12.3x15x1.8x
Tue, 21 Mar 2023₹4.9t₹2.8t₹332.1b12.2x14.7x1.7x
Thu, 16 Feb 2023₹4.2t₹2.8t₹332.1b11.8x12.6x1.5x
Price to Earnings Ratio

12.6x


Total Market Cap: ₹4.2tTotal Earnings: ₹332.1bTotal Revenue: ₹2.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Renewable Energy Industry Price to Earnings3Y Average 19.6x202420252026
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 23.6x which is higher than its 3-year average PE of 19.6x.
  • The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 6.7% 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 Market3.74%
Utilities9.27%
Renewable Energy9.27%
Renewable Energy9.94%
Independent Power Producers and Energy Traders8.98%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 61.0x.
    • Analysts are expecting annual earnings growth of 46.1%, which is lower than the prior year's growth of 59.6% 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 14.6x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 46% over the next 5 years.
  • However this is lower than its past earnings growth rate of 60% 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
ADANIPOWER Adani Power₹151.3712.5%
+₹323.4b
54.0%PE26.6x
ADANIGREEN Adani Green Energy₹982.6516.4%
+₹228.5b
3.0%PE118.3x
NTPC NTPC₹361.903.3%
+₹112.0b
16.6%PE14.5x
533148 JSW Energy₹479.906.3%
+₹50.1b
0.7%PE37x
NTPCGREEN NTPC Green Energy₹88.013.3%
+₹23.8b
-20.0%PE132.7x

Latest News