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Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedDec 02, 2024
DataAggregated Company Financials
Companies18
- 7D17.1%
- 3M-26.9%
- 1Y34.3%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has risen 17%, driven by gains from Adani Green Energy of 26%. This means that the industry has gained 34% over the past year. Looking forward, earnings are forecast to grow by 52% 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 |
|---|---|---|---|---|---|---|
| Mon, 02 Dec 2024 | ₹4.4t | ₹309.7b | ₹52.4b | 50.1x | 83.1x | 14.1x |
| Wed, 30 Oct 2024 | ₹3.6t | ₹260.6b | ₹49.3b | 79.8x | 73.1x | 13.8x |
| Fri, 27 Sep 2024 | ₹4.4t | ₹252.1b | ₹51.1b | 61.7x | 86.4x | 17.5x |
| Sun, 25 Aug 2024 | ₹4.2t | ₹252.1b | ₹51.1b | 65x | 82.2x | 16.7x |
| Tue, 23 Jul 2024 | ₹4.0t | ₹234.4b | ₹49.3b | 69.1x | 81.3x | 17.1x |
| Thu, 20 Jun 2024 | ₹4.1t | ₹234.4b | ₹49.3b | 67x | 82.2x | 17.3x |
| Sat, 18 May 2024 | ₹4.1t | ₹235.7b | ₹51.4b | 49.7x | 80.3x | 17.5x |
| Mon, 15 Apr 2024 | ₹4.1t | ₹222.4b | ₹53.3b | 49.2x | 77.4x | 18.5x |
| Wed, 13 Mar 2024 | ₹4.2t | ₹226.5b | ₹54.0b | 49.1x | 78.4x | 18.7x |
| Fri, 09 Feb 2024 | ₹4.2t | ₹230.5b | ₹56.0b | 44.7x | 75.4x | 18.3x |
| Sun, 07 Jan 2024 | ₹3.6t | ₹219.3b | ₹54.2b | 31.8x | 66.3x | 16.4x |
| Tue, 05 Dec 2023 | ₹2.5t | ₹219.3b | ₹54.2b | 25.4x | 46.4x | 11.5x |
| Thu, 02 Nov 2023 | ₹2.0t | ₹222.9b | ₹53.7b | 19x | 37.5x | 9x |
| Sat, 30 Sep 2023 | ₹2.2t | ₹209.5b | ₹51.2b | 15.4x | 42.6x | 10.4x |
| Mon, 28 Aug 2023 | ₹2.1t | ₹210.9b | ₹51.3b | 16.6x | 41.9x | 10.2x |
| Wed, 26 Jul 2023 | ₹2.3t | ₹202.8b | ₹50.0b | 17.8x | 46.1x | 11.4x |
| Fri, 23 Jun 2023 | ₹2.1t | ₹260.2b | ₹52.0b | 22.3x | 40.8x | 8.1x |
| Sun, 21 May 2023 | ₹2.0t | ₹256.1b | ₹49.9b | 19.1x | 39.2x | 7.6x |
| Tue, 18 Apr 2023 | ₹2.1t | ₹244.7b | ₹45.1b | 19.2x | 45.5x | 8.4x |
| Thu, 16 Mar 2023 | ₹1.7t | ₹244.4b | ₹44.8b | 18.3x | 37.2x | 6.8x |
| Sat, 11 Feb 2023 | ₹1.6t | ₹246.7b | ₹48.1b | 11.8x | 34.1x | 6.6x |
| Mon, 09 Jan 2023 | ₹3.4t | ₹236.9b | ₹48.6b | 17.6x | 70.1x | 14.4x |
| Wed, 07 Dec 2022 | ₹3.8t | ₹236.9b | ₹48.6b | 19x | 78.2x | 16x |
| Fri, 04 Nov 2022 | ₹507.2b | ₹169.9b | ₹42.5b | 13.7x | 11.9x | 3x |
| Sun, 02 Oct 2022 | ₹448.1b | ₹164.0b | ₹41.7b | 15.6x | 10.8x | 2.7x |
| Tue, 30 Aug 2022 | ₹454.3b | ₹164.0b | ₹41.7b | 14.5x | 10.9x | 2.8x |
| Thu, 28 Jul 2022 | ₹406.0b | ₹150.4b | ₹37.6b | 19.6x | 10.8x | 2.7x |
| Sat, 25 Jun 2022 | ₹386.0b | ₹150.4b | ₹37.6b | 18.1x | 10.3x | 2.6x |
| Mon, 23 May 2022 | ₹402.7b | ₹141.5b | ₹38.5b | 18.9x | 10.5x | 2.8x |
| Wed, 20 Apr 2022 | ₹424.3b | ₹141.1b | ₹38.6b | 17.2x | 11x | 3x |
| Fri, 18 Mar 2022 | ₹362.3b | ₹141.1b | ₹38.6b | 18.9x | 9.4x | 2.6x |
| Sun, 13 Feb 2022 | ₹387.0b | ₹139.0b | ₹37.9b | 25.8x | 10.2x | 2.8x |
| Tue, 11 Jan 2022 | ₹425.6b | ₹137.1b | ₹37.3b | 36.4x | 11.4x | 3.1x |
| Thu, 09 Dec 2021 | ₹396.0b | ₹137.1b | ₹37.3b | 21.6x | 10.6x | 2.9x |
Price to Earnings Ratio
10.6x
Current Industry PE
- Investors are optimistic on the Indian Renewable Electricity industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 83.1x which is higher than its 3-year average PE of 45.5x.
- The 3-year average PS ratio of 10.0x is lower than the industry's current PS ratio of 14.1x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 31% 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 | 2.94% | |
| Utilities | 6.64% | |
| Renewable Energy | 7.97% | |
| Renewable Energy | 17.13% | |
| Independent Power Producers and Energy Traders | 4.42% | |
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 | ₹1.33k | 37.1% +₹568.9b | 18.2% | PE208.1x | |
| 539686 K.P. Energy | ₹629.55 | 6.4% +₹2.5b | 238.5% | PE53.8x | |
| 542323 KPI Green Energy | ₹779.25 | 2.1% +₹2.1b | 96.9% | PE44.5x | |
| ACMESOLAR ACME Solar Holdings | ₹260.50 | 1.0% +₹1.5b | n/a | PE26.5x | |
| GREENPOWER Orient Green Power | ₹17.55 | 2.7% +₹539.6m | -24.5% | PE76.8x |