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

UpdatedApr 18, 2026
DataAggregated Company Financials
Companies12
  • 7D8.6%
  • 3M22.1%
  • 1Y28.7%
  • YTDn/a

In the last week, the Independent Power Producers and Energy Traders industry is up 8.6%, with all of the companies up. In the last 12 months, the industry was up 29%. As for the next few years, earnings are expected to grow by 11% 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
Sun, 19 Apr 2026₹9.4t₹3.1t₹420.8b21.3x22.3x3x
Tue, 17 Mar 2026₹8.1t₹3.1t₹420.8b15.4x19.3x2.6x
Thu, 12 Feb 2026₹8.0t₹3.1t₹421.6b17.1x19.1x2.6x
Sat, 10 Jan 2026₹7.6t₹3.1t₹421.5b15.6x18x2.4x
Mon, 08 Dec 2025₹7.5t₹3.1t₹421.5b17.5x17.7x2.4x
Wed, 05 Nov 2025₹8.0t₹3.1t₹446.5b16.6x17.9x2.6x
Fri, 03 Oct 2025₹8.0t₹3.1t₹456.6b16.4x17.6x2.6x
Sun, 31 Aug 2025₹7.1t₹3.1t₹456.6b17x15.6x2.3x
Tue, 29 Jul 2025₹7.2t₹3.1t₹460.4b15.7x15.6x2.3x
Thu, 26 Jun 2025₹7.1t₹3.1t₹460.0b15.1x15.5x2.3x
Sat, 24 May 2025₹7.1t₹3.1t₹444.5b15x16.1x2.3x
Mon, 21 Apr 2025₹7.3t₹3.0t₹540.0b14.4x13.5x2.4x
Wed, 19 Mar 2025₹6.9t₹3.0t₹540.0b13.3x12.8x2.3x
Fri, 14 Feb 2025₹6.4t₹3.0t₹539.5b12.5x11.8x2.1x
Sun, 12 Jan 2025₹6.5t₹3.0t₹514.7b14.7x12.7x2.2x
Tue, 10 Dec 2024₹7.7t₹3.0t₹514.7b16.2x14.9x2.6x
Thu, 07 Nov 2024₹8.4t₹3.0t₹476.4b18.8x17.6x2.8x
Sat, 05 Oct 2024₹8.8t₹3.0t₹496.7b17.9x17.8x2.9x
Mon, 02 Sep 2024₹8.5t₹3.0t₹496.7b18.2x17.2x2.8x
Wed, 31 Jul 2024₹8.9t₹3.0t₹536.2b18.4x16.6x3x
Fri, 28 Jun 2024₹8.5t₹2.9t₹526.3b18.2x16.1x2.9x
Sun, 26 May 2024₹8.2t₹3.0t₹527.0b17.4x15.5x2.8x
Tue, 23 Apr 2024₹7.4t₹2.8t₹454.5b17.4x16.3x2.6x
Thu, 21 Mar 2024₹6.4t₹2.8t₹454.5b15.6x14.1x2.3x
Sat, 17 Feb 2024₹6.9t₹2.8t₹454.5b16.8x15.3x2.4x
Mon, 15 Jan 2024₹6.6t₹2.8t₹451.2b15.4x14.6x2.4x
Wed, 13 Dec 2023₹6.0t₹2.8t₹451.2b14x13.3x2.2x
Fri, 10 Nov 2023₹4.9t₹2.8t₹420.8b12x11.7x1.8x
Sun, 08 Oct 2023₹4.8t₹2.7t₹337.9b14.2x14.1x1.8x
Tue, 05 Sep 2023₹4.6t₹2.7t₹338.0b16x13.6x1.7x
Thu, 03 Aug 2023₹4.0t₹2.7t₹299.8b13x13.2x1.5x
Sat, 01 Jul 2023₹3.5t₹2.7t₹307.2b10.8x11.4x1.3x
Mon, 29 May 2023₹3.3t₹2.7t₹307.4b9.7x10.8x1.2x
Wed, 26 Apr 2023₹3.1t₹2.6t₹287.2b10.9x10.7x1.2x
Price to Earnings Ratio

10.7x


Total Market Cap: ₹3.1tTotal Earnings: ₹287.2bTotal Revenue: ₹2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Independent Power Producers and Energy Traders Industry Price to Earnings3Y Average 15.2x202420252026
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 22.3x which is higher than its 3-year average PE of 15.2x.
  • The 3-year average PS ratio of 2.3x 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 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 Market2.92%
Utilities7.54%
Renewable Energy8.47%
Independent Power Producers and Energy Traders8.57%
Renewable Energy8.23%
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₹198.5012.9%
+₹437.6b		80.6%PE34.9x
NTPC NTPC₹393.603.5%
+₹130.4b		8.1%PE15.8x
533148 JSW Energy₹538.1010.1%
+₹86.7b		5.9%PE41.5x
513683 NLC India₹300.5012.4%
+₹46.0b		24.5%PE16x
RPOWER Reliance Power₹28.6813.8%
+₹14.4b		-31.9%PE42x

Latest News

JPPOWER
₹19.20
Jaiprakash Power Ventures
7D
11.6%
1Y
24.1%
PTC
₹184.75
PTC India
7D
11.0%
1Y
2.6%
RPOWER
₹28.68
Reliance Power
7D
13.8%
1Y
-31.9%
513683
₹300.50
NLC India
7D
12.4%
1Y
24.5%

513683: Interim Dividend Will Support Future Repricing Potential

Analysts have kept their fair value estimate for NLC India steady at ₹324, citing largely unchanged assumptions around discount rate, revenue growth, profit margin and forward P/E. Taken together, these factors support a consistent view of the company’s valuation.
ADANIPOWER
₹198.50
Adani Power
7D
12.9%
1Y
80.6%
NTPC
₹393.60
NTPC
7D
3.5%
1Y
8.1%

NTPC: Dividend Strength And Storage Investments Will Support Long Term Appeal

Analysts have kept NTPC's fair value estimate steady at ₹424.46, with a slightly higher discount rate and P/E assumption, as well as a small adjustment to revenue growth and profit margin expectations shaping this updated price target view. What's in the News A board meeting is scheduled for Mar 28, 2026, to review an investment proposal for a Battery Energy Storage System with 4.70 GWh capacity at an estimated project cost of ₹58,219m, along with other matters (Board Meeting).
533148
₹538.10
JSW Energy
7D
10.1%
1Y
5.9%

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

Analysts have maintained their price target for JSW Energy at ₹700, pointing to largely unchanged fair value assumptions along with minor tweaks to the discount rate, revenue growth, profit margin and future P/E inputs. What's in the News JSW Energy plans a Special and Extraordinary Shareholders Meeting via postal ballot in India on March 25, 2026 to seek approval for the re appointment of Independent Director Mr. Munesh Khanna (Key Developments).
533122
₹9.78
RattanIndia Power
7D
9.0%
1Y
-3.9%