Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedSep 24, 2023
DataAggregated Company Financials
Companies14
- 7D-0.5%
- 3M8.4%
- 1Y-46.0%
- YTD-35.4%
The Renewable Energy industry has been flat over the last week, but NHPC has lost 5.0%. As for the longer term, the industry has declined 46% in the last year. Looking forward, earnings are forecast to grow by 31% annually.
Industry Valuation and Performance
Has the Indian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Sep 2023 | ₹2.2t | ₹209.5b | ₹51.2b | 13.5x | 43.4x | 10.6x |
| Tue, 22 Aug 2023 | ₹2.2t | ₹210.9b | ₹51.3b | 16.1x | 42.2x | 10.3x |
| Thu, 20 Jul 2023 | ₹2.1t | ₹202.4b | ₹50.0b | 17.4x | 42x | 10.4x |
| Sat, 17 Jun 2023 | ₹2.1t | ₹260.2b | ₹52.0b | 21.8x | 40.4x | 8.1x |
| Mon, 15 May 2023 | ₹2.0t | ₹257.2b | ₹49.8b | 19x | 39.3x | 7.6x |
| Wed, 12 Apr 2023 | ₹2.0t | ₹244.4b | ₹44.8b | 18x | 44.6x | 8.2x |
| Fri, 10 Mar 2023 | ₹1.5t | ₹244.4b | ₹44.8b | 18.8x | 34.1x | 6.3x |
| Sun, 05 Feb 2023 | ₹2.0t | ₹237.9b | ₹48.9b | 18.7x | 40.6x | 8.3x |
| Tue, 03 Jan 2023 | ₹3.5t | ₹236.9b | ₹48.6b | 17.7x | 71.8x | 14.7x |
| Thu, 01 Dec 2022 | ₹3.9t | ₹236.9b | ₹48.6b | 19.2x | 79.7x | 16.3x |
| Sat, 29 Oct 2022 | ₹528.3b | ₹169.9b | ₹42.5b | 13.3x | 12.4x | 3.1x |
| Mon, 26 Sep 2022 | ₹480.6b | ₹164.0b | ₹41.7b | 16.8x | 11.5x | 2.9x |
| Wed, 24 Aug 2022 | ₹432.2b | ₹165.2b | ₹41.7b | 14.2x | 10.4x | 2.6x |
| Fri, 22 Jul 2022 | ₹413.9b | ₹150.4b | ₹37.6b | 19.1x | 11x | 2.8x |
| Sun, 19 Jun 2022 | ₹374.4b | ₹150.4b | ₹37.6b | 18.1x | 10x | 2.5x |
| Tue, 17 May 2022 | ₹394.2b | ₹141.4b | ₹38.4b | 18.8x | 10.3x | 2.8x |
| Thu, 14 Apr 2022 | ₹404.5b | ₹141.1b | ₹38.6b | 17.9x | 10.5x | 2.9x |
| Sat, 12 Mar 2022 | ₹367.4b | ₹141.1b | ₹38.6b | 18.7x | 9.5x | 2.6x |
| Mon, 07 Feb 2022 | ₹401.2b | ₹138.0b | ₹37.7b | 33x | 10.6x | 2.9x |
| Wed, 05 Jan 2022 | ₹405.7b | ₹137.1b | ₹37.3b | 36.5x | 10.9x | 3x |
| Fri, 03 Dec 2021 | ₹377.7b | ₹137.1b | ₹37.3b | 21.7x | 10.1x | 2.8x |
| Sun, 31 Oct 2021 | ₹354.2b | ₹134.5b | ₹35.5b | 15.9x | 10x | 2.6x |
| Tue, 28 Sep 2021 | ₹320.4b | ₹134.5b | ₹35.5b | 11.3x | 9x | 2.4x |
| Thu, 26 Aug 2021 | ₹304.7b | ₹134.5b | ₹35.5b | 10.1x | 8.6x | 2.3x |
| Fri, 02 Jul 2021 | ₹312.7b | ₹134.5b | ₹35.5b | 13.1x | 8.8x | 2.3x |
| Mon, 05 Apr 2021 | ₹273.9b | ₹135.1b | ₹34.0b | 10.4x | 8.1x | 2x |
| Thu, 07 Jan 2021 | ₹1.9t | ₹168.1b | ₹30.8b | 7.7x | 61.7x | 11.3x |
| Wed, 30 Sep 2020 | ₹1.4t | ₹163.5b | ₹8.2b | 7.1x | 168.4x | 8.4x |
Price to Earnings Ratio
168.4x
Current Industry PE
- Investors are relatively neutral on the Indian Renewable Electricity industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 41.8x.
- The 3-year average PS ratio of 6.2x is lower than the industry's current PS ratio of 10.6x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have grown 84% per year over the last three years.
- Revenues for these companies have grown 8.6% 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 Renewable Energy compare with similar industries?
| IN Market | -1.77% | |
| Utilities | 0.14% | |
| Renewable Energy | 0.80% | |
| Renewable Energy | -0.50% | |
| Independent Power Producers and Energy Traders | 1.40% | |
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 | |
|---|---|---|---|---|---|
| ADANIGREEN Adani Green Energy | ₹1.02k | 1.2% +₹19.6b | -56.2% | PE167.2x | |
| 506520 Jayshree Chemicals | ₹8.30 | 2.0% +₹4.7m | 12.5% | PS2.6x | |
| 536709 Ind Renewable Energy | ₹21.75 | 3.2% +₹2.0m | 96.8% | n/a |