Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies14
- 7D-4.3%
- 3M-15.4%
- 1Y-48.1%
- YTD-42.6%
Over the last 7 days, the Renewable Energy industry has dropped 4.3%, driven by a pullback from Indowind Energy of 9.6%. The industry has fallen 48% in the last year. Earnings are forecast to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | ₹2.0t | ₹210.1b | ₹51.3b | 16.3x | 38.5x | 9.4x |
| Wed, 27 Sep 2023 | ₹2.2t | ₹209.5b | ₹51.2b | 13.8x | 42.8x | 10.5x |
| Fri, 25 Aug 2023 | ₹2.2t | ₹210.9b | ₹51.3b | 16.3x | 42.1x | 10.2x |
| Sun, 23 Jul 2023 | ₹2.1t | ₹202.4b | ₹50.0b | 18.1x | 42.6x | 10.5x |
| Tue, 20 Jun 2023 | ₹2.1t | ₹260.2b | ₹52.0b | 21.3x | 40.1x | 8x |
| Thu, 18 May 2023 | ₹1.9t | ₹257.2b | ₹49.8b | 18.8x | 38.7x | 7.5x |
| Sat, 15 Apr 2023 | ₹2.0t | ₹244.4b | ₹44.8b | 18.5x | 44.9x | 8.2x |
| Mon, 13 Mar 2023 | ₹1.6t | ₹244.4b | ₹44.8b | 18.7x | 35.3x | 6.5x |
| Wed, 08 Feb 2023 | ₹1.8t | ₹238.0b | ₹49.0b | 11.7x | 37.4x | 7.7x |
| Fri, 06 Jan 2023 | ₹3.4t | ₹236.9b | ₹48.6b | 17.7x | 70.7x | 14.5x |
| Sun, 04 Dec 2022 | ₹3.8t | ₹236.9b | ₹48.6b | 19.1x | 77.9x | 16x |
| Tue, 01 Nov 2022 | ₹516.3b | ₹169.9b | ₹42.5b | 13.6x | 12.1x | 3x |
| Thu, 29 Sep 2022 | ₹455.8b | ₹164.0b | ₹41.7b | 15.5x | 10.9x | 2.8x |
| Sat, 27 Aug 2022 | ₹448.5b | ₹165.2b | ₹41.7b | 14.3x | 10.8x | 2.7x |
| Mon, 25 Jul 2022 | ₹410.5b | ₹150.4b | ₹37.6b | 19.8x | 10.9x | 2.7x |
| Wed, 22 Jun 2022 | ₹375.2b | ₹150.4b | ₹37.6b | 17x | 10x | 2.5x |
| Fri, 20 May 2022 | ₹397.4b | ₹141.4b | ₹38.4b | 19.2x | 10.3x | 2.8x |
| Sun, 17 Apr 2022 | ₹404.5b | ₹141.1b | ₹38.6b | 17.9x | 10.5x | 2.9x |
| Tue, 15 Mar 2022 | ₹363.4b | ₹141.1b | ₹38.6b | 17.7x | 9.4x | 2.6x |
| Thu, 10 Feb 2022 | ₹394.5b | ₹139.0b | ₹37.8b | 28.1x | 10.4x | 2.8x |
| Sat, 08 Jan 2022 | ₹414.9b | ₹137.1b | ₹37.3b | 34.2x | 11.1x | 3x |
| Mon, 06 Dec 2021 | ₹382.3b | ₹137.1b | ₹37.3b | 22.3x | 10.2x | 2.8x |
| Wed, 03 Nov 2021 | ₹367.6b | ₹134.8b | ₹35.6b | n/a | 10.3x | 2.7x |
| Fri, 01 Oct 2021 | ₹341.0b | ₹134.5b | ₹35.5b | 12.2x | 9.6x | 2.5x |
| Sun, 29 Aug 2021 | ₹306.4b | ₹134.5b | ₹35.5b | 10.3x | 8.6x | 2.3x |
| Mon, 05 Jul 2021 | ₹312.7b | ₹134.5b | ₹35.5b | 13.1x | 8.8x | 2.3x |
| Thu, 08 Apr 2021 | ₹273.9b | ₹135.1b | ₹34.0b | 10.4x | 8.1x | 2x |
| Sun, 10 Jan 2021 | ₹1.9t | ₹168.1b | ₹30.8b | 7.7x | 61.7x | 11.3x |
Price to Earnings Ratio
190.6x
Current Industry PE
- Investors are relatively neutral on the Indian Renewable Electricity 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 38.2x.
- The 3-year average PS ratio of 6.2x is lower than the industry's current PS ratio of 9.4x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have grown 84% per year over the last three years.
- Revenues for these companies have grown 8.7% 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 | -2.60% | |
| Utilities | -2.06% | |
| Renewable Energy | -1.15% | |
| Renewable Energy | -4.26% | |
| Independent Power Producers and Energy Traders | 0.22% | |
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 | |
|---|---|---|---|---|---|
| ADANIGREEN Adani Green Energy | ₹915.25 | 3.9% +₹54.6b | -56.5% | PE150.2x | |
| NHPC NHPC | ₹51.00 | 1.0% +₹5.0b | 19.7% | PE13.2x | |
| 534618 Waaree Renewable Technologies | ₹1.38k | 4.9% +₹1.3b | 180.2% | PE50.8x | |
| 542323 KPI Green Energy | ₹820.55 | 2.7% +₹785.9m | 130.2% | PE22.1x | |
| 539686 K.P. Energy | ₹549.55 | 3.4% +₹403.5m | 179.0% | PE24.8x |