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

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies12
  • 7D1.0%
  • 3M9.6%
  • 1Y13.4%
  • YTDn/a

The Independent Power Producers and Energy Traders industry has stayed flat over the last week. The past year has been better, since the industry has gained 13% in that time. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026₹8.2t₹3.1t₹420.8b17x19.4x2.6x
Mon, 23 Feb 2026₹7.9t₹3.1t₹420.8b16.3x18.8x2.6x
Wed, 21 Jan 2026₹7.5t₹3.1t₹421.5b14.3x17.7x2.4x
Fri, 19 Dec 2025₹7.4t₹3.1t₹421.5b16.2x17.5x2.4x
Sun, 16 Nov 2025₹7.9t₹3.1t₹418.9b21.2x18.8x2.5x
Tue, 14 Oct 2025₹8.1t₹3.1t₹456.6b17x17.7x2.6x
Thu, 11 Sep 2025₹7.3t₹3.1t₹456.6b17.8x16.1x2.4x
Sat, 09 Aug 2025₹7.2t₹3.1t₹464.3b15.8x15.4x2.3x
Mon, 07 Jul 2025₹7.3t₹3.1t₹460.0b15.7x15.9x2.4x
Wed, 04 Jun 2025₹7.0t₹3.1t₹460.0b13.8x15.2x2.3x
Fri, 02 May 2025₹7.0t₹3.1t₹548.1b13.6x12.8x2.3x
Sun, 30 Mar 2025₹7.1t₹3.0t₹540.0b14.1x13.2x2.3x
Tue, 25 Feb 2025₹6.4t₹3.0t₹540.0b12.9x11.9x2.1x
Thu, 23 Jan 2025₹6.9t₹3.0t₹514.7b14.3x13.3x2.3x
Sat, 21 Dec 2024₹7.1t₹3.0t₹514.7b16.3x13.8x2.4x
Mon, 18 Nov 2024₹7.9t₹3.0t₹520.9b16.4x15.1x2.6x
Wed, 16 Oct 2024₹8.7t₹3.0t₹496.7b17.6x17.5x2.9x
Fri, 13 Sep 2024₹8.6t₹3.0t₹496.7b17.5x17.2x2.8x
Sun, 11 Aug 2024₹8.7t₹3.0t₹495.7b18.3x17.6x2.9x
Tue, 09 Jul 2024₹8.5t₹2.9t₹526.3b18.9x16.1x2.9x
Thu, 06 Jun 2024₹7.9t₹2.9t₹534.3b15.2x14.7x2.7x
Sat, 04 May 2024₹7.7t₹3.0t₹448.3b14.6x17.1x2.6x
Mon, 01 Apr 2024₹6.8t₹2.8t₹454.5b16.7x15x2.4x
Wed, 28 Feb 2024₹7.0t₹2.8t₹454.5b16.7x15.3x2.4x
Fri, 26 Jan 2024₹6.6t₹2.8t₹451.7b16.1x14.7x2.4x
Sun, 24 Dec 2023₹6.2t₹2.8t₹451.2b14.5x13.7x2.2x
Tue, 21 Nov 2023₹5.1t₹2.8t₹451.2b12.2x11.3x1.8x
Thu, 19 Oct 2023₹4.7t₹2.7t₹337.9b14.5x13.8x1.7x
Sat, 16 Sep 2023₹4.8t₹2.7t₹337.9b14x14.3x1.8x
Mon, 14 Aug 2023₹4.1t₹2.7t₹338.0b14.9x12.1x1.5x
Wed, 12 Jul 2023₹3.6t₹2.7t₹295.2b11x12.3x1.3x
Fri, 09 Jun 2023₹3.5t₹2.7t₹307.1b10.2x11.5x1.3x
Sun, 07 May 2023₹3.3t₹2.6t₹311.3b11.5x10.4x1.3x
Tue, 04 Apr 2023₹3.1t₹2.6t₹287.3b11x10.6x1.2x
Price to Earnings Ratio

10.6x


Total Market Cap: ₹3.1tTotal 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 15x202420252026
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 19.4x which is higher than its 3-year average PE of 15.0x.
  • The 3-year average PS ratio of 2.3x 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 Market1.06%
Utilities-0.68%
Renewable Energy0.55%
Independent Power Producers and Energy Traders0.96%
Renewable Energy-0.44%
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
ADANIPOWER Adani Power₹153.921.6%
+₹45.9b		51.1%PE27x
513683 NLC India₹270.401.5%
+₹5.7b		10.5%PE14.4x
513452 Elango Industries₹9.124.0%
+₹1.3m		-6.6%PS14.1x

Latest News

NTPC
₹375.65
NTPC
7D
-1.4%
1Y
5.0%

NTPC: Dividend Strength And Gasification Projects Will Support Long Term Appeal

Analysts have lifted their price target for NTPC from ₹413.28 to ₹424.46, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What's in the News NTPC signed an MoU with Gujarat Mineral Development Corporation to explore coal and lignite gasification projects in Odisha and Gujarat.
533148
₹484.65
JSW Energy
7D
-4.4%
1Y
-9.9%

533148: Preferential Allotment And Board Actions Will Support Long-Term Expansion

Analysts have maintained the JSW Energy price target at ₹700.00, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E that refine their view while leaving the headline number unchanged. What's in the News Board meeting on January 21, 2026 to consider and approve the allotment of equity shares and warrants on a preferential basis, along with other matters (company filing).
ADANIPOWER
₹153.92
Adani Power
7D
1.6%
1Y
51.1%

ADANIPOWER: Upcoming Results Will Support Long Term Upside Conviction

Analysts have kept the fair value estimate for Adani Power steady at ₹182.17 per share, with only marginal tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E. This reflects fine tuning of their valuation framework rather than a change in overall view.
JPPOWER
₹14.73
Jaiprakash Power Ventures
7D
-10.0%
1Y
3.4%
513683
₹270.40
NLC India
7D
1.5%
1Y
10.5%

513683: Interim Dividend And Renewable Listing Plan Will Drive Repricing

Analysts have kept their price target for NLC India broadly unchanged at around ₹324, as only minor tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E contribute to a largely stable valuation view. What's in the News NLC India signed an MoU with National Aluminium Company (NALCO), a Navratna CPSE under the Ministry of Mines, to work together on thermal and renewable energy projects, with potential for a future joint venture company (Key Developments).
533122
₹7.97
RattanIndia Power
7D
-4.2%
1Y
-18.7%
PTC
₹163.14
PTC India
7D
-1.2%
1Y
-0.3%
GVKPIL
₹2.41
GVK Power & Infrastructure
7D
-7.3%
1Y
-22.3%
513452
₹9.12
Elango Industries
7D
4.0%
1Y
-6.6%
GIPCL
₹125.82
Gujarat Industries Power
7D
-5.3%
1Y
-30.3%
RPOWER
₹21.35
Reliance Power
7D
-5.6%
1Y
-50.3%