Narrative Update • Aug 21
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Indian (NIFTY) Independent Power Producers and Energy Traders Industry Analysis
UpdatedAug 27, 2026
DataAggregated Company Financials
Companies13
- 7D0.7%
- 3M-16.0%
- 1Y23.6%
- YTDn/a
The Independent Power Producers and Energy Traders is pretty flat in the last 7 days, but Adani Power has stood out, gaining 5.4%. As for the the longer term, the industry is up 24% over the past 12 months. Looking forward, earnings are forecast to grow by 5.5% annually.
Industry Valuation and Performance
Has the Indian Independent Power Producers and Energy Traders Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 27 Aug 2026 | ₹9.1t | ₹3.3t | ₹486.2b | 15x | 18.7x | 2.8x |
| Sat, 25 Jul 2026 | ₹9.4t | ₹3.2t | ₹481.4b | 15.3x | 19.5x | 2.9x |
| Mon, 22 Jun 2026 | ₹9.9t | ₹3.1t | ₹467.7b | 13.1x | 21.1x | 3.1x |
| Wed, 20 May 2026 | ₹9.8t | ₹3.1t | ₹445.6b | 28.7x | 22x | 3.1x |
| Fri, 17 Apr 2026 | ₹9.3t | ₹3.1t | ₹420.8b | 21.8x | 22x | 3x |
| Sun, 15 Mar 2026 | ₹8.1t | ₹3.1t | ₹420.8b | 15.4x | 19.3x | 2.6x |
| Tue, 10 Feb 2026 | ₹8.0t | ₹3.1t | ₹421.6b | 16.8x | 18.9x | 2.6x |
| Thu, 08 Jan 2026 | ₹7.9t | ₹3.1t | ₹421.5b | 16.1x | 18.7x | 2.5x |
| Sat, 06 Dec 2025 | ₹7.5t | ₹3.1t | ₹421.5b | 17.5x | 17.7x | 2.4x |
| Mon, 03 Nov 2025 | ₹8.1t | ₹3.1t | ₹446.5b | 16.7x | 18x | 2.6x |
| Wed, 01 Oct 2025 | ₹7.9t | ₹3.1t | ₹456.6b | 16.1x | 17.2x | 2.6x |
| Fri, 29 Aug 2025 | ₹7.2t | ₹3.1t | ₹456.6b | 17.5x | 15.7x | 2.3x |
| Sun, 27 Jul 2025 | ₹7.2t | ₹3.1t | ₹460.4b | 15.6x | 15.6x | 2.3x |
| Tue, 24 Jun 2025 | ₹7.0t | ₹3.1t | ₹460.0b | 14x | 15.3x | 2.3x |
| Thu, 22 May 2025 | ₹7.1t | ₹3.1t | ₹444.4b | 15x | 16x | 2.3x |
| Sat, 19 Apr 2025 | ₹7.3t | ₹3.0t | ₹540.0b | 14.4x | 13.5x | 2.4x |
| Mon, 17 Mar 2025 | ₹6.8t | ₹3.0t | ₹540.0b | 12.8x | 12.5x | 2.2x |
| Wed, 12 Feb 2025 | ₹6.4t | ₹3.0t | ₹539.0b | 12.2x | 11.8x | 2.1x |
| Fri, 10 Jan 2025 | ₹6.8t | ₹3.0t | ₹514.7b | 15.2x | 13.1x | 2.2x |
| Sun, 08 Dec 2024 | ₹7.7t | ₹3.0t | ₹514.7b | 16.2x | 14.9x | 2.6x |
| Tue, 05 Nov 2024 | ₹8.1t | ₹3.0t | ₹476.4b | 18.4x | 17x | 2.7x |
| Thu, 03 Oct 2024 | ₹9.0t | ₹3.0t | ₹496.7b | 18.5x | 18.2x | 3x |
| Sat, 31 Aug 2024 | ₹8.5t | ₹3.0t | ₹496.7b | 18.2x | 17.2x | 2.8x |
| Mon, 29 Jul 2024 | ₹8.7t | ₹3.0t | ₹536.2b | 18.5x | 16.2x | 2.9x |
| Wed, 26 Jun 2024 | ₹8.3t | ₹2.9t | ₹526.3b | 17.5x | 15.9x | 2.9x |
| Fri, 24 May 2024 | ₹8.2t | ₹2.9t | ₹513.9b | 17.9x | 16x | 2.8x |
| Sun, 21 Apr 2024 | ₹7.4t | ₹2.8t | ₹454.5b | 17.4x | 16.3x | 2.6x |
| Tue, 19 Mar 2024 | ₹6.5t | ₹2.8t | ₹454.5b | 15.8x | 14.3x | 2.3x |
| Thu, 15 Feb 2024 | ₹6.8t | ₹2.8t | ₹483.7b | 15.1x | 14.1x | 2.4x |
| Sat, 13 Jan 2024 | ₹6.6t | ₹2.8t | ₹451.2b | 15.4x | 14.6x | 2.4x |
| Mon, 11 Dec 2023 | ₹6.1t | ₹2.8t | ₹451.2b | 13.8x | 13.5x | 2.2x |
| Wed, 08 Nov 2023 | ₹4.9t | ₹2.8t | ₹420.8b | 11.9x | 11.6x | 1.8x |
| Fri, 06 Oct 2023 | ₹4.9t | ₹2.7t | ₹337.9b | 13.8x | 14.6x | 1.8x |
| Sun, 03 Sep 2023 | ₹4.5t | ₹2.7t | ₹338.0b | 15.3x | 13.3x | 1.7x |
Price to Earnings Ratio
13.3x
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 18.7x which is higher than its 3-year average PE of 16.3x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Independent Power Producers and Energy Traders industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 6.8% 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 Market | 0.83% | |
| Utilities | 0.38% | |
| Renewable Energy | 0.71% | |
| Independent Power Producers and Energy Traders | 0.75% | |
| Renewable Energy | 0.62% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADANIPOWER Adani Power | ₹215.00 | 5.4% +₹212.1b | 80.7% | PE29.2x | |
| VEDPOWER Vedanta Power | ₹37.50 | 4.1% +₹5.7b | n/a | PE460.6x | |
| GIPCL Gujarat Industries Power | ₹200.48 | 17.8% +₹4.7b | 10.7% | PE6.2x | |
| RPOWER Reliance Power | ₹22.71 | 2.5% +₹2.3b | -49.7% | PS1.2x | |
| 533122 RattanIndia Power | ₹7.85 | 0.9% +₹375.9m | -36.8% | PE37.8x |