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Sep 23
Indian (NIFTY) Utilities Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies43
- 7D-2.1%
- 3M0.9%
- 1Y-31.7%
- YTD-26.5%
Over the last 7 days, the Utilities industry has dropped 2.1%, driven by NTPC declining 0.8%. Meanwhile, Adani Power actually outperformed within the industry, gaining 13% in the last week. The industry has fallen 32% in the last year. As for the next few years, earnings are expected to grow by 13% per annum.
Sector Valuation and Performance
Has the Indian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | ₹13.3t | ₹6.8t | ₹715.2b | 19.2x | 18.6x | 2x |
| Wed, 27 Sep 2023 | ₹14.0t | ₹6.7t | ₹703.8b | 19.2x | 19.9x | 2.1x |
| Fri, 25 Aug 2023 | ₹13.3t | ₹6.7t | ₹704.0b | 18.5x | 18.9x | 2x |
| Sun, 23 Jul 2023 | ₹12.2t | ₹6.8t | ₹681.0b | 16.3x | 17.9x | 1.8x |
| Tue, 20 Jun 2023 | ₹12.0t | ₹6.8t | ₹697.6b | 15.3x | 17.2x | 1.8x |
| Thu, 18 May 2023 | ₹11.5t | ₹6.6t | ₹737.3b | 15.5x | 15.6x | 1.7x |
| Sat, 15 Apr 2023 | ₹11.7t | ₹6.6t | ₹709.8b | 15x | 16.5x | 1.8x |
| Mon, 13 Mar 2023 | ₹11.4t | ₹6.6t | ₹709.8b | 14.9x | 16x | 1.7x |
| Wed, 08 Feb 2023 | ₹11.9t | ₹6.6t | ₹715.2b | 12x | 16.7x | 1.8x |
| Fri, 06 Jan 2023 | ₹18.0t | ₹6.3t | ₹738.2b | 15.9x | 24.4x | 2.9x |
| Sun, 04 Dec 2022 | ₹18.9t | ₹6.3t | ₹738.8b | 16.7x | 25.6x | 3x |
| Tue, 01 Nov 2022 | ₹16.4t | ₹6.0t | ₹735.0b | 15x | 22.4x | 2.8x |
| Thu, 29 Sep 2022 | ₹16.1t | ₹5.8t | ₹731.6b | 16.6x | 22.1x | 2.8x |
| Sat, 27 Aug 2022 | ₹16.7t | ₹5.8t | ₹731.6b | 15.2x | 22.8x | 2.9x |
| Mon, 25 Jul 2022 | ₹14.3t | ₹5.1t | ₹680.1b | 16.5x | 21x | 2.8x |
| Wed, 22 Jun 2022 | ₹12.4t | ₹5.1t | ₹690.7b | 14.2x | 17.9x | 2.4x |
| Fri, 20 May 2022 | ₹13.3t | ₹4.9t | ₹674.2b | 18.7x | 19.7x | 2.7x |
| Sun, 17 Apr 2022 | ₹14.0t | ₹4.8t | ₹617.8b | 18.2x | 22.7x | 2.9x |
| Tue, 15 Mar 2022 | ₹11.6t | ₹4.8t | ₹617.8b | 17.7x | 18.7x | 2.4x |
| Thu, 10 Feb 2022 | ₹11.5t | ₹4.8t | ₹618.7b | 22.4x | 18.6x | 2.4x |
| Sat, 08 Jan 2022 | ₹11.3t | ₹4.5t | ₹590.2b | 31.2x | 19.1x | 2.5x |
| Mon, 06 Dec 2021 | ₹11.0t | ₹4.5t | ₹590.2b | 21.7x | 18.7x | 2.4x |
| Wed, 03 Nov 2021 | ₹10.8t | ₹4.4t | ₹537.9b | 112.1x | 20x | 2.4x |
| Fri, 01 Oct 2021 | ₹10.5t | ₹4.4t | ₹591.5b | 17.5x | 17.8x | 2.4x |
| Sun, 29 Aug 2021 | ₹9.4t | ₹4.4t | ₹591.4b | 16.1x | 15.9x | 2.2x |
| Mon, 05 Jul 2021 | ₹8.7t | ₹4.4t | ₹591.4b | 18.4x | 14.7x | 2x |
| Thu, 08 Apr 2021 | ₹7.5t | ₹4.1t | ₹504.8b | 15x | 14.9x | 1.8x |
| Sun, 10 Jan 2021 | ₹7.2t | ₹4.1t | ₹424.7b | 10x | 17.1x | 1.8x |
Price to Earnings Ratio
15.1x
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 18.7x.
- The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 18% 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 Market | -2.60% | |
| Utilities | -2.06% | |
| Other Utilities | 0% | |
| Renewable Energy | -1.15% | |
| Electric Utilities | -2.03% | |
| Gas Utilities | -4.73% | |
| Water Utilities | -4.74% | |
Industry PE
- Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 36.6x.
- Analysts are expecting annual earnings growth of 73.5%, which is higher than its past year's earnings decline of 77.8% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading close to its 3-year average of 16.2x.
Forecasted Growth
- Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 74% over the next 5 years.
- This is better than its past earnings decline of 78% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 4.3% 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 | |
| ADANIENSOL Adani Energy Solutions | ₹759.25 | 3.2% +₹26.2b | -77.3% | PE69.1x | |
| SJVN SJVN | ₹69.65 | 5.0% +₹13.0b | 98.7% | PE26.8x |
