NHPC Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Aug 10
Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedAug 21, 2024
DataAggregated Company Financials
Companies27
- 7D3.1%
- 3M4.6%
- 1Y92.9%
- YTD32.0%
In the last week, the Renewable Energy industry is up 3.1%, with Adani Green Energy up 6.2%. In the same time, KPI Green Energy was down 6.5%. This means that the industry has gained 93% over the past year. Looking forward, earnings are forecast to grow by 19% 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 |
|---|---|---|---|---|---|---|
| Wed, 21 Aug 2024 | ₹12.9t | ₹3.3t | ₹547.8b | 41.6x | 23.6x | 4x |
| Fri, 19 Jul 2024 | ₹12.5t | ₹3.2t | ₹575.6b | 47.7x | 21.7x | 4x |
| Sun, 16 Jun 2024 | ₹12.6t | ₹3.2t | ₹575.6b | 42.8x | 21.8x | 4x |
| Tue, 14 May 2024 | ₹11.2t | ₹3.1t | ₹483.5b | 26.6x | 23.2x | 3.6x |
| Thu, 11 Apr 2024 | ₹11.8t | ₹3.1t | ₹507.8b | 31.9x | 23.2x | 3.9x |
| Sat, 09 Mar 2024 | ₹11.4t | ₹3.1t | ₹508.5b | 30.5x | 22.4x | 3.7x |
| Mon, 05 Feb 2024 | ₹10.9t | ₹3.1t | ₹533.0b | 33.7x | 20.4x | 3.5x |
| Wed, 03 Jan 2024 | ₹9.7t | ₹3.0t | ₹505.5b | 17.5x | 19.2x | 3.2x |
| Fri, 01 Dec 2023 | ₹7.7t | ₹3.0t | ₹505.5b | 15.9x | 15.2x | 2.6x |
| Sun, 29 Oct 2023 | ₹6.7t | ₹2.9t | ₹399.9b | 13.1x | 16.6x | 2.3x |
| Tue, 26 Sep 2023 | ₹7.1t | ₹2.9t | ₹389.1b | 13.7x | 18.2x | 2.4x |
| Thu, 24 Aug 2023 | ₹6.5t | ₹2.9t | ₹389.3b | 14.8x | 16.7x | 2.2x |
| Sat, 22 Jul 2023 | ₹5.7t | ₹2.9t | ₹342.5b | 15.1x | 16.8x | 2x |
| Mon, 19 Jun 2023 | ₹5.6t | ₹2.9t | ₹359.1b | 13.5x | 15.6x | 1.9x |
| Wed, 17 May 2023 | ₹5.2t | ₹2.8t | ₹361.1b | 13.4x | 14.3x | 1.8x |
| Fri, 14 Apr 2023 | ₹5.0t | ₹2.8t | ₹332.1b | 12.3x | 15.1x | 1.8x |
| Sun, 12 Mar 2023 | ₹4.8t | ₹2.8t | ₹332.1b | 12.6x | 14.3x | 1.7x |
| Tue, 07 Feb 2023 | ₹4.8t | ₹2.8t | ₹344.3b | 11.5x | 13.9x | 1.7x |
| Thu, 05 Jan 2023 | ₹6.8t | ₹2.7t | ₹344.5b | 15.4x | 19.9x | 2.6x |
| Sat, 03 Dec 2022 | ₹7.4t | ₹2.7t | ₹345.1b | 15.3x | 21.6x | 2.8x |
| Mon, 31 Oct 2022 | ₹4.3t | ₹2.6t | ₹332.1b | 14.3x | 12.9x | 1.7x |
| Wed, 28 Sep 2022 | ₹4.2t | ₹2.5t | ₹332.8b | 16.8x | 12.6x | 1.7x |
| Fri, 26 Aug 2022 | ₹4.3t | ₹2.5t | ₹332.8b | 15.4x | 12.9x | 1.7x |
| Sun, 24 Jul 2022 | ₹3.6t | ₹2.2t | ₹278.7b | 17.2x | 12.9x | 1.6x |
| Tue, 21 Jun 2022 | ₹3.2t | ₹2.2t | ₹287.1b | 14x | 11.1x | 1.4x |
| Thu, 19 May 2022 | ₹3.7t | ₹2.1t | ₹280.4b | 19.9x | 13.2x | 1.7x |
| Sat, 16 Apr 2022 | ₹3.6t | ₹2.1t | ₹220.2b | 17.9x | 16.1x | 1.7x |
| Mon, 14 Mar 2022 | ₹2.9t | ₹2.1t | ₹220.2b | 18.7x | 13.1x | 1.4x |
| Wed, 09 Feb 2022 | ₹2.9t | ₹2.1t | ₹219.6b | 30.7x | 13.2x | 1.4x |
| Fri, 07 Jan 2022 | ₹2.8t | ₹2.0t | ₹204.7b | 125.1x | 13.8x | 1.4x |
| Sun, 05 Dec 2021 | ₹2.8t | ₹2.0t | ₹204.7b | 22.4x | 13.5x | 1.4x |
| Tue, 02 Nov 2021 | ₹2.9t | ₹2.1t | ₹171.5b | 15.1x | 16.8x | 1.4x |
| Thu, 30 Sep 2021 | ₹3.0t | ₹2.0t | ₹226.3b | 16x | 13x | 1.5x |
| Sat, 28 Aug 2021 | ₹2.4t | ₹2.0t | ₹226.3b | 13.2x | 10.5x | 1.2x |
Price to Earnings Ratio
10.5x
Current Industry PE
- Investors are optimistic on the Indian Renewable Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 23.6x which is higher than its 3-year average PE of 16.4x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 34% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Utilities industry?
| IN Market | 2.59% | |
| Utilities | 2.68% | |
| Renewable Energy | 3.12% | |
| Renewable Energy | 4.08% | |
| Independent Power Producers and Energy Traders | 2.66% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 39.0x.
- Analysts are expecting annual earnings growth of 34.1%, which is higher than its past year's earnings decline of 7.0% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.5x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings decline of 7.0% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 8.9% per year over the next few years.
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 | ₹1.92k | 6.2% +₹178.3b | 97.7% | PE274.9x | |
| 533148 JSW Energy | ₹720.00 | 11.5% +₹129.8b | 101.1% | PE64.3x | |
| NTPC NTPC | ₹408.95 | 3.2% +₹122.2b | 84.5% | PE18.5x | |
| ADANIPOWER Adani Power | ₹695.15 | 3.1% +₹81.4b | 115.3% | PE17.8x | |
| RPOWER Reliance Power | ₹36.14 | 21.5% +₹25.7b | 108.9% | PS1.8x |