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Sep 23
Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies25
- 7D3.9%
- 3M5.6%
- 1Y-11.0%
- YTD-3.3%
In the last week, the Renewable Energy industry is up 3.9%, with Adani Power up 13%. In contrast, the industry has lost 11% in the last 12 months. As for the next few years, earnings are expected to grow by 19% 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 |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | ₹6.7t | ₹2.9t | ₹412.6b | 13.2x | 16.3x | 2.3x |
| Thu, 28 Sep 2023 | ₹7.1t | ₹2.9t | ₹389.1b | 13.8x | 18.2x | 2.4x |
| Sat, 26 Aug 2023 | ₹6.5t | ₹2.9t | ₹389.3b | 14.5x | 16.6x | 2.2x |
| Mon, 24 Jul 2023 | ₹5.7t | ₹2.9t | ₹342.5b | 15.1x | 16.8x | 2x |
| Wed, 21 Jun 2023 | ₹5.6t | ₹2.9t | ₹359.1b | 14.4x | 15.6x | 1.9x |
| Fri, 19 May 2023 | ₹5.1t | ₹2.8t | ₹361.1b | 14.3x | 14.1x | 1.8x |
| Sun, 16 Apr 2023 | ₹5.0t | ₹2.8t | ₹332.3b | 12.3x | 15.1x | 1.8x |
| Tue, 14 Mar 2023 | ₹4.8t | ₹2.8t | ₹332.1b | 12.1x | 14.5x | 1.7x |
| Thu, 09 Feb 2023 | ₹4.7t | ₹2.8t | ₹343.5b | 11.5x | 13.6x | 1.7x |
| Sat, 07 Jan 2023 | ₹6.8t | ₹2.7t | ₹344.5b | 14.8x | 19.7x | 2.6x |
| Mon, 05 Dec 2022 | ₹7.4t | ₹2.7t | ₹345.1b | 15.3x | 21.6x | 2.8x |
| Wed, 02 Nov 2022 | ₹4.5t | ₹2.6t | ₹332.1b | 15x | 13.5x | 1.7x |
| Fri, 30 Sep 2022 | ₹4.2t | ₹2.5t | ₹332.8b | 16.4x | 12.5x | 1.7x |
| Sun, 28 Aug 2022 | ₹4.3t | ₹2.5t | ₹332.8b | 15.2x | 12.9x | 1.7x |
| Tue, 26 Jul 2022 | ₹3.6t | ₹2.2t | ₹278.7b | 16.8x | 12.9x | 1.6x |
| Thu, 23 Jun 2022 | ₹3.2t | ₹2.2t | ₹287.1b | 14.5x | 11.2x | 1.4x |
| Sat, 21 May 2022 | ₹3.8t | ₹2.1t | ₹280.4b | 20.2x | 13.6x | 1.8x |
| Mon, 18 Apr 2022 | ₹3.6t | ₹2.1t | ₹220.2b | 17.9x | 16.1x | 1.7x |
| Wed, 16 Mar 2022 | ₹2.9t | ₹2.1t | ₹220.2b | 18.6x | 13x | 1.4x |
| Fri, 11 Feb 2022 | ₹3.0t | ₹2.1t | ₹219.6b | 29.6x | 13.7x | 1.4x |
| Sun, 09 Jan 2022 | ₹2.8t | ₹2.0t | ₹204.7b | 35.8x | 13.9x | 1.4x |
| Tue, 07 Dec 2021 | ₹2.7t | ₹2.0t | ₹204.7b | 21.9x | 13.3x | 1.3x |
| Thu, 04 Nov 2021 | ₹2.9t | ₹2.1t | ₹171.5b | 16.6x | 16.8x | 1.4x |
| Sat, 02 Oct 2021 | ₹2.9t | ₹2.0t | ₹226.3b | 15.2x | 13x | 1.5x |
| Mon, 30 Aug 2021 | ₹2.4t | ₹2.0t | ₹226.3b | 13.4x | 10.7x | 1.2x |
| Tue, 06 Jul 2021 | ₹2.4t | ₹2.0t | ₹226.3b | 17.2x | 10.6x | 1.2x |
| Fri, 09 Apr 2021 | ₹1.9t | ₹2.0t | ₹209.8b | 10.9x | 9.1x | 1x |
| Thu, 31 Dec 2020 | ₹3.3t | ₹2.0t | ₹122.1b | 7.7x | 26.9x | 1.6x |
Price to Earnings Ratio
29.2x
Current Industry PE
- Investors are relatively neutral on the Indian Renewable Energy 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 15.8x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 62% per year over the last three years.
- Revenues for these companies have grown 14% 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 | -0.0041% | |
| Utilities | 2.12% | |
| Renewable Energy | 3.90% | |
| Independent Power Producers and Energy Traders | 4.24% | |
| Renewable Energy | 3.12% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 33.9x.
- Analysts are expecting annual earnings growth of 30.7%, which is lower than the prior year's growth of 102.2% per year.
- Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading close to its 3-year average of 12.8x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 31% over the next 5 years.
- However this is lower than its past earnings growth rate of 102% per year.
- In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| ADANIPOWER Adani Power | ₹357.95 | 13.1% +₹160.1b | 6.9% | PE10.3x | |
| ADANIGREEN Adani Green Energy | ₹915.25 | 3.9% +₹54.6b | -56.5% | PE150.2x | |
| 533148 JSW Energy | ₹395.70 | 4.9% +₹30.6b | 17.2% | PE40.8x | |
| 513683 NLC India | ₹135.45 | 5.7% +₹10.2b | 75.9% | PE9.8x | |
| JPPOWER Jaiprakash Power Ventures | ₹9.70 | 9.6% +₹5.8b | 29.3% | PE1301x |