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Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedJan 14, 2026
DataAggregated Company Financials
Companies16
- 7D-5.3%
- 3M-9.1%
- 1Y-8.8%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has dropped 5.3%, driven by Adani Green Energy declining 8.2%. In contrast, Indowind Energy has gained 8.2%. Overall the industry is down 8.8% in 12 months. Looking forward, earnings are forecast to grow by 39% 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 |
|---|---|---|---|---|---|---|
| Thu, 15 Jan 2026 | ₹3.4t | ₹316.2b | ₹67.6b | 28.3x | 50.2x | 10.7x |
| Sat, 13 Dec 2025 | ₹3.5t | ₹316.2b | ₹67.6b | 28.7x | 52.1x | 11.1x |
| Mon, 10 Nov 2025 | ₹3.8t | ₹374.0b | ₹68.7b | 36.8x | 54.6x | 10x |
| Wed, 08 Oct 2025 | ₹3.8t | ₹366.9b | ₹62.4b | 46x | 60.9x | 10.4x |
| Fri, 05 Sep 2025 | ₹3.6t | ₹366.9b | ₹62.4b | 44.1x | 57x | 9.7x |
| Sun, 03 Aug 2025 | ₹3.7t | ₹357.8b | ₹61.2b | 44x | 60.3x | 10.3x |
| Tue, 01 Jul 2025 | ₹3.8t | ₹344.1b | ₹56.3b | 51.8x | 66.9x | 10.9x |
| Thu, 29 May 2025 | ₹3.8t | ₹345.6b | ₹57.6b | 42.7x | 66.4x | 11.1x |
| Sat, 26 Apr 2025 | ₹3.5t | ₹321.4b | ₹53.4b | 37.6x | 65.2x | 10.8x |
| Mon, 24 Mar 2025 | ₹3.5t | ₹321.4b | ₹53.4b | 33.8x | 65.5x | 10.9x |
| Wed, 19 Feb 2025 | ₹3.3t | ₹321.4b | ₹53.4b | 31.9x | 61.9x | 10.3x |
| Fri, 17 Jan 2025 | ₹3.9t | ₹309.7b | ₹52.4b | 43.9x | 73.5x | 12.4x |
| Sun, 15 Dec 2024 | ₹4.4t | ₹309.7b | ₹52.4b | 48.8x | 83.1x | 14.1x |
| Tue, 12 Nov 2024 | ₹3.5t | ₹264.7b | ₹43.5b | 83.9x | 80.3x | 13.2x |
| Thu, 10 Oct 2024 | ₹4.0t | ₹252.1b | ₹51.1b | 63.2x | 77.6x | 15.7x |
| Sat, 07 Sep 2024 | ₹4.1t | ₹252.1b | ₹51.1b | 62.4x | 80.8x | 16.4x |
| Mon, 05 Aug 2024 | ₹4.2t | ₹243.3b | ₹50.6b | 71.6x | 83.8x | 17.4x |
| Wed, 03 Jul 2024 | ₹4.0t | ₹234.4b | ₹49.3b | 65.7x | 81.5x | 17.1x |
| Fri, 31 May 2024 | ₹4.2t | ₹234.5b | ₹49.1b | 59.2x | 85.4x | 17.9x |
| Sun, 28 Apr 2024 | ₹4.0t | ₹236.9b | ₹53.8b | 48.4x | 74.7x | 17x |
| Tue, 26 Mar 2024 | ₹4.1t | ₹226.5b | ₹54.0b | 46.1x | 76.6x | 18.3x |
| Thu, 22 Feb 2024 | ₹4.3t | ₹226.5b | ₹54.0b | 55.5x | 79.1x | 18.9x |
| Sat, 20 Jan 2024 | ₹3.5t | ₹227.1b | ₹54.5b | 31x | 63.5x | 15.2x |
| Mon, 18 Dec 2023 | ₹3.2t | ₹219.3b | ₹54.2b | 28.1x | 59.8x | 14.8x |
| Wed, 15 Nov 2023 | ₹2.2t | ₹219.3b | ₹54.2b | 24.8x | 39.6x | 9.8x |
| Fri, 13 Oct 2023 | ₹2.1t | ₹210.1b | ₹51.3b | 16.1x | 41.3x | 10.1x |
| Sun, 10 Sep 2023 | ₹2.2t | ₹209.5b | ₹51.2b | 13.7x | 43.1x | 10.5x |
| Tue, 08 Aug 2023 | ₹2.1t | ₹208.2b | ₹51.1b | 19.5x | 41.3x | 10.1x |
| Thu, 06 Jul 2023 | ₹2.0t | ₹202.5b | ₹50.2b | 21.9x | 40.5x | 10.1x |
| Sat, 03 Jun 2023 | ₹2.1t | ₹260.5b | ₹51.9b | 18.1x | 40.2x | 8x |
| Mon, 01 May 2023 | ₹2.0t | ₹244.8b | ₹45.2b | 19.3x | 45.2x | 8.3x |
| Wed, 29 Mar 2023 | ₹2.0t | ₹244.4b | ₹44.8b | 16.2x | 43.5x | 8x |
| Fri, 24 Feb 2023 | ₹1.3t | ₹244.6b | ₹44.9b | 14.5x | 28.7x | 5.3x |
| Sun, 22 Jan 2023 | ₹3.6t | ₹236.9b | ₹48.6b | 16.5x | 75.1x | 15.4x |
Price to Earnings Ratio
75.1x
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 50.2x which is lower than its 3-year average PE of 61.3x.
- The 3-year average PS ratio of 12.3x is higher than the industry's current PS ratio of 10.7x.
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 10% 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 | -2.45% | |
| Utilities | -4.45% | |
| Renewable Energy | -4.14% | |
| Renewable Energy | -5.26% | |
| Independent Power Producers and Energy Traders | -3.64% | |
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 | |
|---|---|---|---|---|---|
| INDOWIND Indowind Energy | ₹16.81 | 8.2% +₹164.9m | -27.6% | PE109.3x | |
| 507836 Mac Charles (India) | ₹657.15 | 0.8% +₹72.1m | 9.8% | PS17.1x |
