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Indian (NIFTY) Independent Power Producers and Energy Traders Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies12
  • 7D1.1%
  • 3M5.4%
  • 1Y23.8%
  • YTDn/a

Over the last 7 days, the Independent Power Producers and Energy Traders industry has risen 2.3%, driven by gains from NTPC of 1.7%. In the last 12 months, the industry was up 21%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

Has the Indian Independent Power Producers and Energy Traders Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026₹8.0t₹3.1t₹420.8b16.1x18.9x2.6x
Thu, 22 Jan 2026₹7.5t₹3.1t₹421.5b14.1x17.7x2.4x
Sat, 20 Dec 2025₹7.4t₹3.1t₹421.5b16.6x17.6x2.4x
Mon, 17 Nov 2025₹7.9t₹3.1t₹421.5b21.2x18.6x2.5x
Wed, 15 Oct 2025₹8.0t₹3.1t₹456.6b16.6x17.6x2.6x
Fri, 12 Sep 2025₹7.4t₹3.1t₹456.6b17.7x16.1x2.4x
Sun, 10 Aug 2025₹7.2t₹3.1t₹464.3b15.8x15.4x2.3x
Tue, 08 Jul 2025₹7.4t₹3.1t₹460.0b16.9x16x2.4x
Thu, 05 Jun 2025₹7.0t₹3.1t₹460.0b13.8x15.3x2.3x
Sat, 03 May 2025₹6.9t₹3.0t₹543.8b13.5x12.8x2.3x
Mon, 31 Mar 2025₹7.1t₹3.0t₹540.0b14.1x13.2x2.3x
Wed, 26 Feb 2025₹6.5t₹3.0t₹540.0b12.7x12x2.1x
Fri, 24 Jan 2025₹6.9t₹3.0t₹520.7b14.3x13.2x2.3x
Sun, 22 Dec 2024₹7.1t₹3.0t₹514.7b16.3x13.8x2.4x
Tue, 19 Nov 2024₹7.7t₹3.0t₹520.9b16.1x14.8x2.5x
Thu, 17 Oct 2024₹8.6t₹3.0t₹496.7b17.5x17.3x2.9x
Sat, 14 Sep 2024₹8.5t₹3.0t₹496.7b17.4x17.1x2.8x
Mon, 12 Aug 2024₹8.7t₹3.0t₹495.7b18.3x17.6x2.9x
Wed, 10 Jul 2024₹8.5t₹2.9t₹526.3b18.7x16.2x2.9x
Fri, 07 Jun 2024₹8.1t₹2.9t₹534.3b16.2x15.2x2.8x
Sun, 05 May 2024₹7.7t₹2.9t₹432.0b14.6x17.8x2.7x
Tue, 02 Apr 2024₹7.0t₹2.8t₹454.5b17x15.3x2.5x
Thu, 29 Feb 2024₹6.8t₹2.8t₹454.5b16.6x15x2.4x
Sat, 27 Jan 2024₹6.6t₹2.9t₹479.0b16.1x13.8x2.3x
Mon, 25 Dec 2023₹6.2t₹2.8t₹451.2b14.5x13.7x2.2x
Wed, 22 Nov 2023₹5.1t₹2.8t₹451.2b12x11.3x1.8x
Fri, 20 Oct 2023₹4.7t₹2.7t₹337.9b14.6x13.9x1.7x
Sun, 17 Sep 2023₹4.8t₹2.7t₹337.9b13.8x14.2x1.8x
Tue, 15 Aug 2023₹4.1t₹2.7t₹338.0b14.6x12.1x1.5x
Thu, 13 Jul 2023₹3.6t₹2.7t₹295.2b11.5x12.2x1.3x
Sat, 10 Jun 2023₹3.5t₹2.7t₹307.1b10.2x11.4x1.3x
Mon, 08 May 2023₹3.3t₹2.6t₹311.3b11.5x10.4x1.3x
Wed, 05 Apr 2023₹3.1t₹2.6t₹287.3b11x10.6x1.2x
Fri, 03 Mar 2023₹2.8t₹2.6t₹287.3b10.9x9.9x1.1x
Price to Earnings Ratio

9.9x


Total Market Cap: ₹2.8tTotal Earnings: ₹287.3bTotal Revenue: ₹2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Independent Power Producers and Energy Traders Industry Price to Earnings3Y Average 14.8x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Independent Power Producers and Energy Traders industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 18.8x which is higher than its 3-year average PE of 14.7x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Independent Power Producers and Energy Traders industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 6.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Independent Power Producers and Energy Traders compare with similar industries?

IN Market0.13%
Utilities0.33%
Renewable Energy0.23%
Independent Power Producers and Energy Traders1.06%
Renewable Energy-1.68%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NTPC NTPC₹382.753.9%
+₹139.1b		20.1%PE15.4x
533148 JSW Energy₹489.750.5%
+₹4.3b		4.8%PE37.8x
513683 NLC India₹264.401.0%
+₹3.5b		24.9%PE14x

Latest News

533148
₹489.75
JSW Energy
7D
0.5%
1Y
4.8%

533148: Preferential Equity Raise Will Support Alaknanda Acquisition Upside

Analysts now set their JSW Energy price target at about ₹568.75, up slightly from roughly ₹568.59. This reflects minor adjustments to their fair value model as they incorporate slightly higher discount rates, a modestly lower profit margin outlook, and a marginally higher future P/E assumption.
ADANIPOWER
₹144.31
Adani Power
7D
-0.03%
1Y
44.9%

ADANIPOWER: Assam Expansion And Governance Moves Will Support Long Term Upside

Analysts have kept their fair value estimate for Adani Power steady at ₹182.17 per share, with only minor tweaks to the discount rate and future P/E assumptions influencing this price target update. What's in the News A board meeting is scheduled for Jan 29, 2026 to consider and approve the unaudited financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
PTC
₹165.50
PTC India
7D
-5.2%
1Y
12.8%
GVKPIL
₹2.92
GVK Power & Infrastructure
7D
-2.7%
1Y
-27.9%
GIPCL
₹140.14
Gujarat Industries Power
7D
-1.2%
1Y
-18.2%
JPPOWER
₹14.39
Jaiprakash Power Ventures
7D
-3.6%
1Y
3.0%

These 4 Measures Indicate That Jaiprakash Power Ventures (NSE:JPPOWER) Is Using Debt Reasonably Well

Feb 12
These 4 Measures Indicate That Jaiprakash Power Ventures (NSE:JPPOWER) Is Using Debt Reasonably Well
513683
₹264.40
NLC India
7D
1.0%
1Y
24.9%

513683: Interim Dividend And Renewable Listing Plan Will Support Bullish Repricing

Analysts have revised their price target on NLC India to ₹324 from ₹304, citing updated assumptions around revenue growth, profit margins, and future P/E expectations in their valuation work. What's in the News A board meeting is scheduled on Feb 10, 2026 to consider and approve the unaudited financial results for the quarter and nine months ended Dec 31, 2025 (Key Developments).
NTPC
₹382.75
NTPC
7D
3.9%
1Y
20.1%
RPOWER
₹25.44
Reliance Power
7D
-6.9%
1Y
-30.3%
533122
₹8.36
RattanIndia Power
7D
-5.2%
1Y
-13.0%
KKVAPOW
₹665.00
KKV Agro Powers
7D
-4.0%
1Y
13.4%