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Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedApr 01, 2026
DataAggregated Company Financials
Companies17
- 7D-3.6%
- 3M-12.6%
- 1Y-9.3%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has dropped 3.6%, driven by Adani Green Energy declining 3.9%. In contrast, ACME Solar Holdings has gained 5.0%. However, the industry is down 9.3% over the past year. As for the next few years, earnings are expected to grow by 41% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 02 Apr 2026 | ₹3.2t | ₹342.7b | ₹62.9b | 32.8x | 50.8x | 9.3x |
| Sat, 28 Feb 2026 | ₹3.5t | ₹342.3b | ₹62.6b | 29.6x | 55.2x | 10.1x |
| Mon, 26 Jan 2026 | ₹3.0t | ₹322.4b | ₹62.8b | 25x | 48.2x | 9.4x |
| Wed, 24 Dec 2025 | ₹3.5t | ₹316.2b | ₹67.6b | 29.7x | 51.6x | 11x |
| Fri, 21 Nov 2025 | ₹3.7t | ₹374.0b | ₹68.8b | 33.8x | 53.8x | 9.9x |
| Sun, 19 Oct 2025 | ₹3.8t | ₹366.9b | ₹62.4b | 43.9x | 60.5x | 10.3x |
| Tue, 16 Sep 2025 | ₹3.7t | ₹369.0b | ₹62.5b | 41.9x | 59.9x | 10.2x |
| Thu, 14 Aug 2025 | ₹3.6t | ₹366.6b | ₹62.1b | 42.8x | 57.8x | 9.8x |
| Sat, 12 Jul 2025 | ₹3.8t | ₹344.1b | ₹56.3b | 52.3x | 67.3x | 11x |
| Mon, 09 Jun 2025 | ₹3.8t | ₹344.3b | ₹56.3b | 46.9x | 68x | 11.1x |
| Wed, 07 May 2025 | ₹3.4t | ₹325.6b | ₹55.5b | 35.7x | 61.2x | 10.4x |
| Fri, 04 Apr 2025 | ₹3.5t | ₹321.4b | ₹53.4b | 33.7x | 65.6x | 10.9x |
| Sun, 02 Mar 2025 | ₹3.0t | ₹321.4b | ₹53.4b | 31.2x | 55.7x | 9.3x |
| Tue, 28 Jan 2025 | ₹3.5t | ₹316.2b | ₹54.8b | 38.5x | 64.1x | 11.1x |
| Thu, 26 Dec 2024 | ₹3.9t | ₹309.7b | ₹52.4b | 45.9x | 75.1x | 12.7x |
| Sat, 23 Nov 2024 | ₹2.7t | ₹277.6b | ₹43.3b | 47.8x | 61.7x | 9.6x |
| Mon, 21 Oct 2024 | ₹3.8t | ₹252.2b | ₹50.3b | 63.6x | 75.8x | 15.1x |
| Wed, 18 Sep 2024 | ₹4.3t | ₹252.1b | ₹51.1b | 64.5x | 83.4x | 16.9x |
| Fri, 16 Aug 2024 | ₹4.0t | ₹252.3b | ₹51.1b | 66.7x | 78.8x | 16x |
| Sun, 14 Jul 2024 | ₹4.1t | ₹234.4b | ₹49.3b | 69x | 83.1x | 17.5x |
| Tue, 11 Jun 2024 | ₹4.2t | ₹234.4b | ₹49.3b | 67.1x | 85.2x | 17.9x |
| Thu, 09 May 2024 | ₹4.0t | ₹235.9b | ₹51.4b | 50.3x | 78.4x | 17.1x |
| Sat, 06 Apr 2024 | ₹4.2t | ₹222.4b | ₹53.3b | 51x | 78.1x | 18.7x |
| Mon, 04 Mar 2024 | ₹4.4t | ₹226.5b | ₹54.0b | 54.6x | 81.2x | 19.4x |
| Wed, 31 Jan 2024 | ₹3.8t | ₹230.4b | ₹56.0b | 42.2x | 67.8x | 16.5x |
| Fri, 29 Dec 2023 | ₹3.3t | ₹219.3b | ₹54.2b | 28.7x | 61x | 15.1x |
| Sun, 26 Nov 2023 | ₹2.2t | ₹219.3b | ₹54.2b | 26.1x | 40.2x | 10x |
| Tue, 24 Oct 2023 | ₹2.0t | ₹210.1b | ₹51.3b | 16x | 38.7x | 9.5x |
| Thu, 21 Sep 2023 | ₹2.2t | ₹209.5b | ₹51.2b | 14.3x | 43.8x | 10.7x |
| Sat, 19 Aug 2023 | ₹2.2t | ₹210.9b | ₹51.3b | 14.9x | 42.2x | 10.3x |
| Mon, 17 Jul 2023 | ₹2.1t | ₹202.4b | ₹50.0b | 18.9x | 41.4x | 10.2x |
| Wed, 14 Jun 2023 | ₹2.1t | ₹260.2b | ₹52.0b | 21.2x | 40x | 8x |
| Fri, 12 May 2023 | ₹2.0t | ₹257.2b | ₹49.8b | 19.6x | 39.9x | 7.7x |
| Sun, 09 Apr 2023 | ₹1.8t | ₹244.4b | ₹44.8b | 18x | 41.2x | 7.6x |
Price to Earnings Ratio
41.2x
Current Industry PE
- Investors are pessimistic on the Indian Renewable Electricity industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 50.8x which is lower than its 3-year average PE of 61.8x.
- The 3-year average PS ratio of 12.4x is higher than the industry's current PS ratio of 9.3x.
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 12% 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 | -2.63% | |
| Utilities | -1.76% | |
| Renewable Energy | -1.61% | |
| Renewable Energy | -3.58% | |
| Independent Power Producers and Energy Traders | -0.79% | |
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 | |
|---|---|---|---|---|---|
| NTPCGREEN NTPC Green Energy | ₹98.21 | 1.6% +₹12.9b | -0.3% | PE148.1x | |
| ACMESOLAR ACME Solar Holdings | ₹266.80 | 5.0% +₹7.7b | 38.9% | PE33.5x | |
| 542323 KPI Green Energy | ₹387.75 | 1.0% +₹730.2m | -7.8% | PE17.8x | |
| 506640 ZR2 Bioenergy | ₹103.37 | 11.8% +₹173.0m | -63.1% | PE179.1x | |
| 538520 Shivamshree Businesses | ₹2.08 | 2.5% +₹3.8m | -1.0% | PS1.3x |