Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies14
- 7D-0.06%
- 3M-2.3%
- 1Y110.2%
- YTDn/a
In the last week, Renewable Energy has been flat. The past year has been better, since the industry has gained 110% in that time. Earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | ₹4.0t | ₹235.9b | ₹51.4b | 50.3x | 78.4x | 17.1x |
| Sat, 06 Apr 2024 | ₹4.2t | ₹222.4b | ₹53.3b | 51x | 78.1x | 18.7x |
| Mon, 04 Mar 2024 | ₹4.4t | ₹226.5b | ₹54.0b | 54.6x | 81.2x | 19.4x |
| Wed, 31 Jan 2024 | ₹3.8t | ₹230.4b | ₹56.0b | 42.2x | 67.8x | 16.5x |
| Fri, 29 Dec 2023 | ₹3.3t | ₹219.3b | ₹54.2b | 28.7x | 61x | 15.1x |
| Sun, 26 Nov 2023 | ₹2.2t | ₹219.3b | ₹54.2b | 26.1x | 40.2x | 10x |
| Tue, 24 Oct 2023 | ₹2.0t | ₹210.1b | ₹51.3b | 16x | 38.7x | 9.5x |
| Thu, 21 Sep 2023 | ₹2.2t | ₹209.5b | ₹51.2b | 14.3x | 43.8x | 10.7x |
| Sat, 19 Aug 2023 | ₹2.2t | ₹210.9b | ₹51.3b | 14.9x | 42.2x | 10.3x |
| Mon, 17 Jul 2023 | ₹2.1t | ₹202.4b | ₹50.0b | 18.9x | 41.4x | 10.2x |
| Wed, 14 Jun 2023 | ₹2.1t | ₹260.2b | ₹52.0b | 21.2x | 40x | 8x |
| Fri, 12 May 2023 | ₹2.0t | ₹257.2b | ₹49.8b | 19.6x | 39.9x | 7.7x |
| Sun, 09 Apr 2023 | ₹1.8t | ₹244.4b | ₹44.8b | 18x | 41.2x | 7.6x |
| Tue, 07 Mar 2023 | ₹1.4t | ₹244.4b | ₹44.8b | 17.8x | 31.7x | 5.8x |
| Thu, 02 Feb 2023 | ₹2.3t | ₹237.9b | ₹48.9b | 15.3x | 48x | 9.9x |
| Sat, 31 Dec 2022 | ₹3.6t | ₹236.9b | ₹48.6b | 17.7x | 73.1x | 15x |
| Mon, 28 Nov 2022 | ₹3.7t | ₹236.9b | ₹48.6b | 18.9x | 77x | 15.8x |
| Wed, 26 Oct 2022 | ₹543.2b | ₹169.9b | ₹42.5b | 13.3x | 12.8x | 3.2x |
| Fri, 23 Sep 2022 | ₹492.6b | ₹164.0b | ₹41.7b | 17.3x | 11.8x | 3x |
| Sun, 21 Aug 2022 | ₹439.6b | ₹165.2b | ₹41.7b | 13.8x | 10.5x | 2.7x |
| Tue, 19 Jul 2022 | ₹422.5b | ₹150.4b | ₹37.6b | 19.5x | 11.2x | 2.8x |
| Thu, 16 Jun 2022 | ₹391.0b | ₹150.4b | ₹37.6b | 17.4x | 10.4x | 2.6x |
| Sat, 14 May 2022 | ₹385.0b | ₹141.4b | ₹38.4b | 18x | 10x | 2.7x |
| Mon, 11 Apr 2022 | ₹396.8b | ₹141.1b | ₹38.6b | 18.4x | 10.3x | 2.8x |
| Wed, 09 Mar 2022 | ₹362.2b | ₹141.1b | ₹38.6b | 18.6x | 9.4x | 2.6x |
| Fri, 04 Feb 2022 | ₹401.8b | ₹138.0b | ₹37.7b | 32.8x | 10.6x | 2.9x |
| Sun, 02 Jan 2022 | ₹389.4b | ₹137.1b | ₹37.3b | 30.5x | 10.4x | 2.8x |
| Tue, 30 Nov 2021 | ₹355.4b | ₹137.1b | ₹37.3b | 21.9x | 9.5x | 2.6x |
| Thu, 28 Oct 2021 | ₹365.0b | ₹134.5b | ₹35.5b | 16.8x | 10.3x | 2.7x |
| Sat, 25 Sep 2021 | ₹321.9b | ₹134.5b | ₹35.5b | 10.9x | 9.1x | 2.4x |
| Mon, 23 Aug 2021 | ₹299.2b | ₹134.5b | ₹35.5b | 11.5x | 8.4x | 2.2x |
| Sat, 10 Jul 2021 | ₹312.7b | ₹134.5b | ₹35.5b | 13.1x | 8.8x | 2.3x |
Price to Earnings Ratio
8.7x
Current Industry PE
- Investors are optimistic on the Indian Renewable Electricity industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 78.4x which is higher than its 3-year average PE of 32.5x.
- The 3-year average PS ratio of 7.5x is lower than the industry's current PS ratio of 17.1x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 20% 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 | -1.48% | |
| Utilities | -3.13% | |
| Renewable Energy | -3.17% | |
| Renewable Energy | -0.056% | |
| Independent Power Producers and Energy Traders | -4.80% | |
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 | |
|---|---|---|---|---|---|
| 542323 KPI Green Energy | ₹1.86k | 1.1% +₹1.2b | 477.7% | PE69.4x | |
| 541445 Waa Solar | ₹249.35 | 27.6% +₹715.1m | 475.5% | PE30.8x | |
| 539686 K.P. Energy | ₹449.95 | 0.7% +₹196.7m | 624.8% | PE51.5x | |
| 539013 Gita Renewable Energy | ₹200.50 | 19.1% +₹132.0m | 152.9% | PE507.4x | |
| 536709 Ind Renewable Energy | ₹17.17 | 27.4% +₹51.4m | 71.4% | n/a |