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Indian (NIFTY) Electrical Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies101
- 7D0.7%
- 3M4.0%
- 1Y53.3%
- YTD55.7%
Over the last 7 days, the Electrical industry has dropped 2.9%, driven by a pullback from Polycab India of 4.2%. In the past year, the industry has gained 54%. Earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Indian Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | ₹6.1t | ₹1.7t | ₹103.3b | 36.5x | 58.6x | 3.6x |
| Thu, 28 Sep 2023 | ₹7.1t | ₹1.6t | ₹98.5b | 38x | 72.2x | 4.3x |
| Sat, 26 Aug 2023 | ₹5.9t | ₹1.6t | ₹97.1b | 32.7x | 60.3x | 3.7x |
| Mon, 24 Jul 2023 | ₹5.5t | ₹1.6t | ₹116.2b | 30.7x | 47.5x | 3.6x |
| Wed, 21 Jun 2023 | ₹5.1t | ₹1.5t | ₹113.4b | 28.1x | 45.2x | 3.3x |
| Fri, 19 May 2023 | ₹4.5t | ₹1.5t | ₹82.3b | 24.3x | 54.5x | 3.1x |
| Sun, 16 Apr 2023 | ₹3.9t | ₹1.4t | ₹76.9b | 22.3x | 51.3x | 2.7x |
| Tue, 14 Mar 2023 | ₹3.9t | ₹1.4t | ₹77.0b | 18.4x | 50.6x | 2.7x |
| Thu, 09 Feb 2023 | ₹3.8t | ₹1.4t | ₹76.3b | 21.1x | 50.1x | 2.7x |
| Sat, 07 Jan 2023 | ₹3.7t | ₹1.4t | ₹76.9b | 24x | 47.9x | 2.6x |
| Mon, 05 Dec 2022 | ₹3.8t | ₹1.4t | ₹76.9b | 22x | 49.7x | 2.7x |
| Wed, 02 Nov 2022 | ₹3.7t | ₹1.4t | ₹79.2b | 23.9x | 47.1x | 2.7x |
| Fri, 30 Sep 2022 | ₹3.6t | ₹1.4t | ₹79.0b | 22.3x | 45.1x | 2.6x |
| Sun, 28 Aug 2022 | ₹3.5t | ₹1.4t | ₹79.0b | 20.9x | 44.9x | 2.6x |
| Tue, 26 Jul 2022 | ₹3.2t | ₹1.3t | ₹74.2b | 20.6x | 43.6x | 2.5x |
| Thu, 23 Jun 2022 | ₹2.9t | ₹1.2t | ₹72.8b | 18.3x | 39.1x | 2.3x |
| Sat, 21 May 2022 | ₹3.1t | ₹1.2t | ₹52.9b | 19.3x | 58.4x | 2.5x |
| Mon, 18 Apr 2022 | ₹3.2t | ₹1.2t | ₹61.4b | 19x | 52.5x | 2.7x |
| Wed, 16 Mar 2022 | ₹2.9t | ₹1.2t | ₹61.4b | 17.9x | 47.4x | 2.5x |
| Fri, 11 Feb 2022 | ₹3.1t | ₹1.2t | ₹58.0b | 22x | 53.9x | 2.7x |
| Sun, 09 Jan 2022 | ₹3.3t | ₹1.1t | ₹37.9b | 22.3x | 86.1x | 2.9x |
| Tue, 07 Dec 2021 | ₹3.1t | ₹1.1t | ₹37.9b | 19.6x | 82.5x | 2.8x |
| Thu, 04 Nov 2021 | ₹3.1t | ₹1.1t | ₹26.3b | 27.7x | 118.3x | 2.9x |
| Sat, 02 Oct 2021 | ₹2.9t | ₹1.0t | ₹21.5b | 27.7x | 133.2x | 2.9x |
| Mon, 30 Aug 2021 | ₹2.7t | ₹1.0t | ₹21.8b | 23.2x | 121.8x | 2.6x |
| Tue, 06 Jul 2021 | ₹2.5t | ₹1.0t | ₹21.8b | 22.3x | 113.2x | 2.4x |
| Fri, 09 Apr 2021 | ₹2.1t | ₹943.1b | ₹9.5b | 19.3x | 222.2x | 2.2x |
| Thu, 31 Dec 2020 | ₹1.8t | ₹868.2b | -₹6,112,053,990.00 | 19.8x | -292.6x | 2.1x |
Price to Earnings Ratio
-152.4x
Current Industry PE
- Investors are optimistic on the Indian Electrical industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 58.2x which is higher than its 3-year average PE of 36.7x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- Total earnings for the Electrical industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 24% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Industrials industry?
| IN Market | -0.0041% | |
| Industrials | 0.036% | |
| Electrical | 0.75% | |
| Heavy Electrical Equipment | 1.94% | |
| Electrical Components | 0.013% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 37.6x.
- Analysts are expecting annual earnings growth of 36.7%, which is lower than the prior year's growth of 41.5% per year.
- Investors are most pessimistic about the Electrical Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 40.6x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 37% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 500002 ABB India | ₹4.07k | 3.5% +₹29.5b | 33.5% | PE64.5x | |
| 500103 Bharat Heavy Electricals | ₹120.60 | 2.7% +₹11.1b | 62.9% | PE130.6x | |
| CGPOWER CG Power and Industrial Solutions | ₹391.15 | 1.9% +₹10.9b | 50.4% | PE64x | |
| 517271 HBL Power Systems | ₹291.30 | 9.6% +₹7.0b | 179.3% | PE61.9x | |
| INOXWIND Inox Wind | ₹223.65 | 10.2% +₹6.7b | 50.2% | PS6.4x |