Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

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

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies12
  • 7D2.9%
  • 3M8.0%
  • 1Y20.0%
  • YTDn/a

Over the last 7 days, the Independent Power Producers and Energy Traders industry has risen 2.9%, driven by gains from Adani Power of 5.5%. In the last 12 months, the industry was up 20%. Looking forward, earnings are forecast to grow by 12% 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
Sun, 15 Mar 2026₹8.1t₹3.1t₹420.8b15.4x19.3x2.6x
Tue, 10 Feb 2026₹8.0t₹3.1t₹421.6b16.8x18.9x2.6x
Thu, 08 Jan 2026₹7.9t₹3.1t₹421.5b16.1x18.7x2.5x
Sat, 06 Dec 2025₹7.5t₹3.1t₹421.5b17.5x17.7x2.4x
Mon, 03 Nov 2025₹8.1t₹3.1t₹446.5b16.7x18x2.6x
Wed, 01 Oct 2025₹7.9t₹3.1t₹456.6b16.1x17.2x2.6x
Fri, 29 Aug 2025₹7.2t₹3.1t₹456.6b17.5x15.7x2.3x
Sun, 27 Jul 2025₹7.2t₹3.1t₹460.4b15.6x15.6x2.3x
Tue, 24 Jun 2025₹7.0t₹3.1t₹460.0b14x15.3x2.3x
Thu, 22 May 2025₹7.1t₹3.1t₹444.4b15x16x2.3x
Sat, 19 Apr 2025₹7.3t₹3.0t₹540.0b14.4x13.5x2.4x
Mon, 17 Mar 2025₹6.8t₹3.0t₹540.0b12.8x12.5x2.2x
Wed, 12 Feb 2025₹6.4t₹3.0t₹539.0b12.2x11.8x2.1x
Fri, 10 Jan 2025₹6.8t₹3.0t₹514.7b15.2x13.1x2.2x
Sun, 08 Dec 2024₹7.7t₹3.0t₹514.7b16.2x14.9x2.6x
Tue, 05 Nov 2024₹8.1t₹3.0t₹476.4b18.4x17x2.7x
Thu, 03 Oct 2024₹9.0t₹3.0t₹496.7b18.5x18.2x3x
Sat, 31 Aug 2024₹8.5t₹3.0t₹496.7b18.2x17.2x2.8x
Mon, 29 Jul 2024₹8.7t₹3.0t₹536.2b18.5x16.2x2.9x
Wed, 26 Jun 2024₹8.3t₹2.9t₹526.3b17.5x15.9x2.9x
Fri, 24 May 2024₹8.2t₹2.9t₹513.9b17.9x16x2.8x
Sun, 21 Apr 2024₹7.4t₹2.8t₹454.5b17.4x16.3x2.6x
Tue, 19 Mar 2024₹6.5t₹2.8t₹454.5b15.8x14.3x2.3x
Thu, 15 Feb 2024₹6.8t₹2.8t₹483.7b15.1x14.1x2.4x
Sat, 13 Jan 2024₹6.6t₹2.8t₹451.2b15.4x14.6x2.4x
Mon, 11 Dec 2023₹6.1t₹2.8t₹451.2b13.8x13.5x2.2x
Wed, 08 Nov 2023₹4.9t₹2.8t₹420.8b11.9x11.6x1.8x
Fri, 06 Oct 2023₹4.9t₹2.7t₹337.9b13.8x14.6x1.8x
Sun, 03 Sep 2023₹4.5t₹2.7t₹338.0b15.3x13.3x1.7x
Tue, 01 Aug 2023₹4.0t₹2.7t₹299.8b13.1x13.3x1.5x
Thu, 29 Jun 2023₹3.5t₹2.7t₹307.2b10.5x11.3x1.3x
Sat, 27 May 2023₹3.3t₹2.7t₹307.4b9.7x10.8x1.2x
Mon, 24 Apr 2023₹3.0t₹2.6t₹287.2b10.9x10.5x1.2x
Wed, 22 Mar 2023₹3.1t₹2.6t₹287.3b11x10.8x1.2x
Price to Earnings Ratio

10.8x


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 14.9x202420252026
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 19.3x which is higher than its 3-year average PE of 14.9x.
  • 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 Market-4.42%
Utilities2.17%
Renewable Energy3.23%
Independent Power Producers and Energy Traders2.92%
Renewable Energy3.97%
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₹146.575.5%
+₹146.2b		43.1%PE25.7x
533148 JSW Energy₹512.755.0%
+₹42.5b		-0.2%PE39.6x
NTPC NTPC₹384.451.0%
+₹37.3b		15.8%PE15.4x
513683 NLC India₹259.501.3%
+₹4.5b		14.7%PE13.8x
533122 RattanIndia Power₹8.162.3%
+₹966.6m		-11.9%PE32.3x

Latest News

513683
₹259.50
NLC India
7D
1.3%
1Y
14.7%

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).
533148
₹512.75
JSW Energy
7D
5.0%
1Y
-0.2%

533148: Fair Outlook Will Weigh Preferential Issue And Private Placement Warrants

Analysts have trimmed their price target on JSW Energy from ₹486 to ₹450, citing updated assumptions for revenue growth, profit margins, and a higher future P/E multiple. What's in the News Board meeting on January 21, 2026 to consider and approve allotment of equity shares and warrants on a preferential basis, along with other matters.
ADANIPOWER
₹146.57
Adani Power
7D
5.5%
1Y
43.1%

ADANIPOWER: Upcoming Results And Assam Expansion Will Support Long Term Upside

Analysts have kept their fair value estimate for Adani Power steady at ₹182.17, with only small tweaks to inputs like discount rate, revenue growth and future P/E assumptions driving this unchanged price target. What's in the News A board meeting is scheduled for January 29, 2026 to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025, which may provide fresh clarity on recent business trends (company filing).
NTPC
₹384.45
NTPC
7D
1.0%
1Y
15.8%
533122
₹8.16
RattanIndia Power
7D
2.3%
1Y
-11.9%
PTC
₹158.48
PTC India
7D
0.2%
1Y
1.6%
GVKPIL
₹2.72
GVK Power & Infrastructure
7D
1.1%
1Y
-26.7%
513452
₹9.06
Elango Industries
7D
-13.3%
1Y
-8.7%
GIPCL
₹131.27
Gujarat Industries Power
7D
-3.2%
1Y
-18.6%
JPPOWER
₹13.90
Jaiprakash Power Ventures
7D
0.3%
1Y
3.3%

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
526025
₹12.50
Globus Power Generation
7D
-0.8%
1Y
-16.6%
RPOWER
₹22.25
Reliance Power
7D
-0.8%
1Y
-33.4%
KKVAPOW
₹615.00
KKV Agro Powers
7D
-7.5%
1Y
16.2%