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

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies13
  • 7D-2.0%
  • 3M7.7%
  • 1Y24.1%
  • YTDn/a

Over the last 7 days, the Independent Power Producers and Energy Traders industry has dropped 2.0%, driven by NTPC declining 3.3%. Over the past 12 months, the industry was up 24%. As for the next few years, earnings are expected to grow by 5.7% 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
Mon, 13 Jul 2026₹9.5t₹3.2t₹468.0b19.2x20.3x3x
Wed, 10 Jun 2026₹9.7t₹3.1t₹467.7b12.9x20.7x3.1x
Fri, 08 May 2026₹10.1t₹3.1t₹437.7b29.4x23.1x3.2x
Sun, 05 Apr 2026₹8.1t₹3.1t₹420.8b16.7x19.3x2.6x
Tue, 03 Mar 2026₹7.9t₹3.1t₹420.8b16.9x18.9x2.6x
Thu, 29 Jan 2026₹7.5t₹3.1t₹424.0b14.7x17.6x2.4x
Sat, 27 Dec 2025₹7.5t₹3.1t₹421.5b16x17.7x2.4x
Mon, 24 Nov 2025₹7.7t₹3.1t₹421.5b18.5x18.2x2.5x
Wed, 22 Oct 2025₹8.4t₹3.1t₹455.1b16.7x18.4x2.7x
Fri, 19 Sep 2025₹7.5t₹3.1t₹456.6b17.4x16.4x2.4x
Sun, 17 Aug 2025₹7.3t₹3.1t₹456.0b17.2x15.9x2.4x
Tue, 15 Jul 2025₹7.5t₹3.1t₹460.0b17.1x16.4x2.5x
Thu, 12 Jun 2025₹7.4t₹3.1t₹460.0b15.2x16.1x2.4x
Sat, 10 May 2025₹6.7t₹3.0t₹543.8b13.1x12.3x2.2x
Mon, 07 Apr 2025₹7.1t₹3.0t₹540.0b13.8x13.1x2.3x
Wed, 05 Mar 2025₹6.4t₹3.0t₹540.0b12.6x11.9x2.1x
Fri, 31 Jan 2025₹6.6t₹3.0t₹522.3b14.1x12.7x2.2x
Sun, 29 Dec 2024₹7.1t₹3.0t₹514.7b15.9x13.8x2.4x
Tue, 26 Nov 2024₹7.4t₹3.0t₹520.9b14.6x14.2x2.4x
Thu, 24 Oct 2024₹8.2t₹3.0t₹496.7b16.1x16.6x2.7x
Sat, 21 Sep 2024₹8.9t₹3.0t₹496.7b17.8x17.8x2.9x
Mon, 19 Aug 2024₹8.5t₹3.0t₹496.7b17.9x17.1x2.8x
Wed, 17 Jul 2024₹8.5t₹2.9t₹526.3b19.7x16.2x2.9x
Fri, 14 Jun 2024₹8.5t₹2.9t₹526.3b17.2x16.1x2.9x
Sun, 12 May 2024₹7.4t₹2.9t₹432.0b13.5x17.1x2.6x
Tue, 09 Apr 2024₹7.6t₹2.8t₹454.5b18.1x16.8x2.7x
Thu, 07 Mar 2024₹7.1t₹2.8t₹454.5b17.5x15.6x2.5x
Sat, 03 Feb 2024₹6.9t₹2.8t₹486.7b17.9x14.2x2.4x
Mon, 01 Jan 2024₹6.3t₹2.8t₹451.2b15x14.1x2.3x
Wed, 29 Nov 2023₹5.4t₹2.8t₹451.2b12.2x11.9x1.9x
Fri, 27 Oct 2023₹4.5t₹2.7t₹341.8b13.1x13.2x1.7x
Sun, 24 Sep 2023₹4.9t₹2.7t₹337.9b13.7x14.4x1.8x
Tue, 22 Aug 2023₹4.2t₹2.7t₹338.0b14x12.4x1.6x
Thu, 20 Jul 2023₹3.6t₹2.7t₹292.5b11.7x12.4x1.3x
Price to Earnings Ratio

12.4x


Total Market Cap: ₹3.6tTotal Earnings: ₹292.5bTotal Revenue: ₹2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Independent Power Producers and Energy Traders Industry Price to Earnings3Y Average 16x202420252026
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 20.3x which is higher than its 3-year average PE of 16.0x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Independent Power Producers and Energy Traders industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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 Market0.26%
Utilities-0.63%
Renewable Energy-1.69%
Independent Power Producers and Energy Traders-2.03%
Renewable Energy-0.99%
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
533148 JSW Energy₹553.300.6%
+₹5.9b		5.7%PE45.3x
513683 NLC India₹314.700.3%
+₹1.3b		38.6%PE12.4x
GIPCL Gujarat Industries Power₹164.051.1%
+₹265.4m		-22.9%PE6.3x
526025 Globus Power Generation₹13.297.5%
+₹92.0m		-16.8%PB16.4x

Latest News

JPPOWER
₹17.02
Jaiprakash Power Ventures
7D
-4.4%
1Y
-28.0%
ADANIPOWER
₹218.45
Adani Power
7D
-1.5%
1Y
80.9%
Narrative Update • Jul 10

ADANIPOWER: Upcoming Board Meeting Will Clarify Earnings Power Assumptions

Analysts have lifted their price target on Adani Power from ₹255 to ₹275, citing updated assumptions on revenue growth, profit margins and future P/E, which feed into their fair value and discount rate inputs. What's in the News Adani Power has scheduled a board meeting on Jul 22, 2026.
533148
₹553.30
JSW Energy
7D
0.6%
1Y
5.7%
Narrative Update • Jun 24

533148: Equity Offering And Lock Up Will Shape Fairly Balanced Outlook

The analyst price target for JSW Energy has been revised from ₹568.75 to ₹610.86. Analysts cited updated assumptions around discount rate, revenue growth, profit margin and future P/E as key drivers of the change.
513683
₹314.70
NLC India
7D
0.3%
1Y
38.6%
Narrative Update • Jun 23

513683: Nuclear JV And Rare Earth Initiatives Will Support Future Repricing

Analysts have reiterated their ₹390 price target for NLC India, citing largely unchanged assumptions around revenue growth, profit margins and future P/E, with only minor tweaks to the discount rate in their updated valuation work. What's in the News for NLC India The Centre launched an offer for sale of a 2% base stake in NLC India, with a 1% greenshoe option, at a floor price of ₹303 per share, as part of its Fiscal Year 2026-27 disinvestment program.
NTPC
₹344.55
NTPC
7D
-3.3%
1Y
0.5%
Narrative Update • Jun 17

NTPC: Dividend And Storage Investment Will Support Future Stock Appeal

Analysts have nudged their fair value estimate for NTPC slightly higher from ₹436.04 to ₹436.93, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. What's in the News for NTPC The board has scheduled a meeting on May 23, 2026 to review NTPC's annual standalone and consolidated financial statements for the year ended March 31, 2026 and to consider a final dividend for FY 2025-26, subject to shareholder approval at the AGM.
VEDPOWER
₹41.83
Vedanta Power
7D
-8.5%
1Y
n/a
GIPCL
₹164.05
Gujarat Industries Power
7D
1.1%
1Y
-22.9%
Analysis Article • Jun 06

Shareholders Shouldn’t Be Too Comfortable With Gujarat Industries Power's (NSE:GIPCL) Strong Earnings

Despite posting strong earnings, Gujarat Industries Power Company Limited's ( NSE:GIPCL ) stock didn't move much over...
GVKPIL
₹2.49
GVK Power & Infrastructure
7D
-7.4%
1Y
-38.7%
PTC
₹172.46
PTC India
7D
-2.9%
1Y
-6.9%
Analysis Article • May 27

Some May Be Optimistic About PTC India's (NSE:PTC) Earnings

Investors were disappointed with the weak earnings posted by PTC India Limited ( NSE:PTC ). However, our analysis...
RPOWER
₹25.12
Reliance Power
7D
-2.3%
1Y
-61.2%
526025
₹13.29
Globus Power Generation
7D
7.5%
1Y
-16.8%
533122
₹8.98
RattanIndia Power
7D
-1.9%
1Y
-44.4%