Header cover image

Indian (NIFTY) Utilities Sector Analysis

UpdatedApr 21, 2025
DataAggregated Company Financials
Companies52
  • 7D4.0%
  • 3M1.8%
  • 1Y-10.1%
  • YTD-2.7%

In the last week, the Utilities industry is up 4.0%, with Adani Power leading the way with a 6.1% gain. However, the industry is down 10% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

Has the Indian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 21 Apr 2025₹20.5t₹7.5t₹1.0t28.5x19.8x2.7x
Wed, 19 Mar 2025₹19.0t₹7.5t₹1.0t25.9x18.3x2.5x
Fri, 14 Feb 2025₹18.3t₹7.5t₹1.1t27.3x17.2x2.4x
Sun, 12 Jan 2025₹19.5t₹7.4t₹1.0t29.6x18.8x2.6x
Tue, 10 Dec 2024₹22.6t₹7.4t₹1.0t30.9x21.9x3.1x
Thu, 07 Nov 2024₹23.1t₹7.3t₹947.5b37.9x24.3x3.1x
Sat, 05 Oct 2024₹24.3t₹7.3t₹960.9b36.9x25.3x3.3x
Mon, 02 Sep 2024₹24.0t₹7.3t₹960.9b33.7x25x3.3x
Wed, 31 Jul 2024₹24.7t₹7.1t₹979.2b40.1x25.2x3.5x
Fri, 28 Jun 2024₹23.5t₹7.1t₹977.5b37.8x24x3.3x
Sun, 26 May 2024₹23.3t₹7.1t₹955.0b28.2x24.4x3.3x
Tue, 23 Apr 2024₹21.5t₹6.9t₹863.8b30.3x24.9x3.1x
Thu, 21 Mar 2024₹19.9t₹6.9t₹864.2b26.8x23.1x2.9x
Sat, 17 Feb 2024₹21.0t₹6.9t₹864.2b30.5x24.3x3x
Mon, 15 Jan 2024₹19.4t₹6.8t₹835.9b26.1x23.2x2.8x
Wed, 13 Dec 2023₹17.8t₹6.8t₹835.7b24.4x21.3x2.6x
Fri, 10 Nov 2023₹13.9t₹6.8t₹805.7b22.2x17.2x2x
Sun, 08 Oct 2023₹13.8t₹6.7t₹703.8b19.7x19.6x2x
Tue, 05 Sep 2023₹13.6t₹6.7t₹704.0b19.4x19.3x2x
Thu, 03 Aug 2023₹12.8t₹6.8t₹673.3b18.1x19x1.9x
Sat, 01 Jul 2023₹12.0t₹6.8t₹697.8b17.4x17.2x1.8x
Mon, 29 May 2023₹11.8t₹6.8t₹705.4b20x16.8x1.7x
Wed, 26 Apr 2023₹11.8t₹6.6t₹710.2b15.3x16.6x1.8x
Fri, 24 Mar 2023₹11.8t₹6.6t₹709.8b14.7x16.6x1.8x
Sun, 19 Feb 2023₹10.7t₹6.6t₹709.9b12.8x15x1.6x
Tue, 17 Jan 2023₹18.5t₹6.3t₹738.2b15.6x25.1x3x
Thu, 15 Dec 2022₹18.6t₹6.3t₹738.2b16.3x25.3x3x
Sat, 12 Nov 2022₹16.6t₹6.1t₹721.0b16.9x23x2.7x
Mon, 10 Oct 2022₹15.7t₹5.8t₹731.6b16.2x21.5x2.7x
Wed, 07 Sep 2022₹17.5t₹5.8t₹731.6b17.5x24x3x
Fri, 05 Aug 2022₹15.9t₹5.4t₹731.0b15.1x21.7x2.9x
Sun, 03 Jul 2022₹12.6t₹5.1t₹690.7b16.1x18.3x2.5x
Tue, 31 May 2022₹13.6t₹5.1t₹690.0b15.8x19.7x2.6x
Thu, 28 Apr 2022₹14.2t₹4.8t₹617.8b16.9x23x3x
Price to Earnings Ratio

23x


Total Market Cap: ₹14.2tTotal Earnings: ₹617.8bTotal Revenue: ₹4.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Utilities Sector Price to Earnings3Y Average 21.1x202320242025
Current Industry PE
  • Investors are relatively neutral on the Indian Utilities 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 21.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 16% 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 sector?

IN Market4.32%
Utilities3.99%
Gas Utilities4.95%
Renewable Energy4.16%
Electric Utilities3.37%
Water Utilities2.28%
Industry PE
  • Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 55.2x.
    • Analysts are expecting annual earnings growth of 24.0%, which is lower than the prior year's growth of 334.0% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 22.0x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ADANIPOWER Adani Power₹569.059.8%
+₹195.9b
-4.7%PE18.1x
GAIL GAIL (India)₹195.3213.7%
+₹155.2b
-1.7%PE10.3x
POWERGRID Power Grid Corporation of India₹320.005.2%
+₹147.9b
12.8%PE19.1x
ADANIENSOL Adani Energy Solutions₹937.5011.0%
+₹111.4b
-10.1%PE145.5x
ADANIGREEN Adani Green Energy₹956.257.0%
+₹99.2b
-46.7%PE121.5x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

500400

₹390.95

Tata Power

7D

7.3%

1Y

-8.6%

POWERGRID

₹320.00

Power Grid Corporation of India

7D

5.2%

1Y

12.8%

ADANIGREEN

₹956.25

Adani Green Energy

7D

7.0%

1Y

-46.7%

NTPCGREEN

₹107.44

NTPC Green Energy

7D

12.2%

1Y

n/a

ADANIENSOL

₹937.50

Adani Energy Solutions

7D

11.0%

1Y

-10.1%

533148

₹521.25

JSW Energy

7D

5.6%

1Y

-14.8%

533451

₹55.00

Karma Energy

7D

-1.1%

1Y

-18.9%