Power - Generation/Distribution — sector analysis & key numbers
Power - Generation/Distribution is mid-way through a confirmed up-move: 11 of 20 constituents are in price uptrends, and aggregate profit grew 4% in the latest year.
Power - Generation/Distribution groups 20 listed companies worth ₹16,41,590 Cr combined, and 11 of 20 are in confirmed price uptrends. Aggregate profit moved +32.3% year-on-year in the latest reported quarter. The sector trades at an aggregate P/E of 20.9×, at the 67th percentile of its own history.
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Companies
- 20
- Total market cap
- ₹16,41,590 Cr
- Relative strength
- 28.1
- RRG quadrant
- broadening
- Weeks in streak
- 12
- In Stage-2 uptrend
- 11 of 20
- Above 200-DMA
- 8 of 20
- Beating NIFTY 500
- 8 of 20
- Latest-quarter revenue
- ₹1,13,103 Cr
- Latest-quarter profit
- ₹21,279 Cr
- Aggregate P/E
- 20.9×
- Valuation percentile
- 67th of its own history
- Sector wind
- tailwind
- Data as of
- 1 July 2026
The research read on Power - Generation/Distribution: mid-way through a confirmed up-move.lifecycle_bucket
The tri-stream read confirms a structural super-cycle: aggregate earnings have grown in lockstep with the multiple, and broad social sentiment is euphoric on power scarcity. Yet the qualitative stream urges caution, noting that generation names are already fully priced and face rising execution risks from grid-evacuation bottlenecks and regulatory tariff resets.synthesis
What would change this view: Regulatory tariff cuts or grid-evacuation bottlenecks persistently curtail asset yields, causing sector aggregate earnings to flatline or contract while the multiple remains trapped at cycle highs.would_change_my_mind
A multi-year structural power-capex super-cycle (peak demand 275→458 GW by FY32, ~₹40 lakh Cr opportunity) is driving aggressive build-out, but generation names are re-rated and grid/regulatory bottlenecks favor transmission and tight-supply equipment.one_line_thesis
- ✓Trailing PE expanded from 14.11 in 2023-03 to 20.92. · curve.valuation_series
- ⚠Aggregate earnings (+49.3%) led the multiple (+48.3%). · sector_cycle_deterministic.curve_move_driver.reason
- ⚠NTPC lifted PAT by 10,425cr (47.7%), NLCINDIA by 10.7%, ADANIPOWER by 10.3%. · sector_cycle_deterministic.top_contributors
- ⚠normalized aggregate PE 73th %ile... aggregate margins near mid-cycle (OPM 83th %ile) — surface and normalized agree. · sector_cycle_deterministic.verdict.true_read
- ✓Motilal Oswal pegs the Indian power-sector investment opportunity at ~₹40 lakh Cr. · qual.q2_money_flowing.evidence
- ✓Regulatory tariff resets, grid-evacuation curtailment, and weak discom finances cap realized returns. · qual.q4_risks.headline
- ⚠Scarcity of power and data center capacity could protect profitability. · social.youtube.evidence
Research view from 2026-06-27
Across the 5 largest constituents with research timelines, 3 carried trackable guidance: 3 beats, 0 met, 7 misses against what management said.guidance_pairs
Research view from 2026-06-27
11 of 20 constituents are in Stage-2 price uptrends, 8 trade above their 200-day averages, and 8 are beating the NIFTY 500 on relative strength.stageabove_dma200rs_mansfield
Over the trailing ~20 weeks, the share of constituents above the 200-day line moved from 20% to 50% — participation is widening.breadth_series
Sector relative strength stands at 28.1, in the broadening quadrant of the rotation map, with relative strength falling over a 12-week streak.current_rsquadrant
Recent stage changes: GIPCL (stage 4→1), NHPC (stage 1→4).stage
Data: Breadth trend
| Period | % above 200-DMA (%) | % beating NIFTY (%) |
|---|---|---|
| Feb 26 | 20.0 | 20.0 |
| Feb 26 | 20.0 | 20.0 |
| Feb 26 | 20.0 | 25.0 |
| Mar 26 | 20.0 | 25.0 |
| Mar 26 | 35.0 | 40.0 |
| Mar 26 | 35.0 | 50.0 |
| Mar 26 | 20.0 | 50.0 |
| Mar 26 | 33.3 | 58.3 |
| Apr 26 | 58.3 | 58.3 |
| Apr 26 | 65.0 | 60.0 |
| Apr 26 | 65.0 | 65.0 |
| Apr 26 | 75.0 | 65.0 |
| May 26 | 75.0 | 65.0 |
| May 26 | 55.0 | 55.0 |
| May 26 | 55.0 | 55.0 |
| May 26 | 55.0 | 60.0 |
| Jun 26 | 60.0 | 65.0 |
| Jun 26 | 45.0 | 55.0 |
| Jun 26 | 60.0 | 55.0 |
| Jun 26 | 50.0 | 40.0 |
Data as of 2026-07-01
Top performers by 1-year price return: Adani Power Ltd (+94%), Adani Green Energy Ltd (+54%), NLC India Ltd (+39.3%), Mac Charles (India) Ltd (+14.5%), JSW Energy Ltd (+11.2%).price
Data: Indexed price (base 100, ~52 weeks) — default top-5
| Period | ADANIPOWER (index) | ADANIGREEN (index) | NLCINDIA (index) | 507836 (index) | JSWENERGY (index) | Sector avg (index) |
|---|---|---|---|---|---|---|
| Jul 25 | 100 | 100 | 100 | 100 | 100 | 100 |
| Jul 25 | 98.5 | 104 | 103 | 98.2 | 101 | 99.7 |
| Jul 25 | 94.4 | 98.1 | 105 | 98.3 | 98.9 | 94.9 |
| Aug 25 | 93.9 | 97.7 | 103 | 115 | 97.7 | 93.7 |
| Aug 25 | 95.5 | 91.8 | 102 | 115 | 99.0 | 91.5 |
| Aug 25 | 96.7 | 92.2 | 105 | 112 | 101 | 91.6 |
| Aug 25 | 98.4 | 96.2 | 103 | 114 | 98.9 | 93.9 |
| Aug 25 | 99.5 | 91.8 | 99.1 | 114 | 93.3 | 90.4 |
| Sep 25 | 101 | 93.4 | 101 | 116 | 96.3 | 92.3 |
| Sep 25 | 107 | 98.6 | 116 | 115 | 100 | 93.9 |
| Sep 25 | 118 | 104 | 115 | 112 | 104 | 95.8 |
| Sep 25 | 121 | 105 | 123 | 108 | 99.3 | 93.4 |
| Oct 25 | 122 | 108 | 125 | 114 | 103 | 95.0 |
| Oct 25 | 124 | 107 | 119 | 113 | 104 | 94.8 |
| Oct 25 | 137 | 104 | 116 | 113 | 103 | 94.7 |
| Oct 25 | 139 | 104 | 116 | 111 | 101 | 95.5 |
| Oct 25 | 131 | 115 | 116 | 114 | 101 | 96.0 |
| Nov 25 | 125 | 107 | 114 | 109 | 99.1 | 92.0 |
| Nov 25 | 127 | 107 | 112 | 113 | 101 | 91.7 |
| Nov 25 | 124 | 104 | 108 | 115 | 92.5 | 90.0 |
| Nov 25 | 122 | 105 | 107 | 115 | 93.3 | 89.1 |
| Dec 25 | 119 | 102 | 105 | 112 | 88.2 | 86.6 |
| Dec 25 | 120 | 105 | 107 | 110 | 92.1 | 86.1 |
| Dec 25 | 117 | 103 | 105 | 110 | 91.3 | 85.9 |
| Dec 25 | 118 | 102 | 110 | 107 | 91.5 | 86.5 |
| Jan 26 | 123 | 104 | 120 | 106 | 97.5 | 90.6 |
| Jan 26 | 117 | 95.1 | 111 | 103 | 93.6 | 85.4 |
| Jan 26 | 118 | 93.5 | 113 | 104 | 94.1 | 84.4 |
| Jan 26 | 110 | 77.7 | 109 | 102 | 91.2 | 78.8 |
| Feb 26 | 110 | 81.1 | 108 | 96.6 | 84.2 | 79.0 |
| Feb 26 | 127 | 97.7 | 113 | 91.5 | 90.3 | 82.7 |
| Feb 26 | 116 | 95.5 | 114 | 102 | 90.6 | 82.7 |
| Feb 26 | 118 | 97.3 | 117 | 102 | 94.3 | 83.2 |
| Feb 26 | 116 | 95.2 | 115 | 98.9 | 93.1 | 82.7 |
| Mar 26 | 115 | 86.3 | 112 | 103 | 93.2 | 80.1 |
| Mar 26 | 121 | 86.6 | 114 | 97.8 | 97.9 | 81.4 |
| Mar 26 | 126 | 86.7 | 117 | 98.5 | 96.8 | 81.8 |
| Mar 26 | 127 | 83.7 | 119 | 95.5 | 92.6 | 78.9 |
| Apr 26 | 132 | 86.0 | 123 | 98.1 | 93.8 | 96.5 |
| Apr 26 | 146 | 109 | 118 | 109 | 93.3 | 102 |
| Apr 26 | 164 | 113 | 132 | 112 | 103 | 94.0 |
| Apr 26 | 176 | 124 | 132 | 112 | 104 | 96.0 |
| Apr 26 | 184 | 123 | 139 | 112 | 107 | 98.5 |
| May 26 | 187 | 136 | 145 | 112 | 109 | 99.4 |
| May 26 | 183 | 139 | 155 | 107 | 98.3 | 95.6 |
| May 26 | 182 | 137 | 152 | 111 | 105 | 94.8 |
| May 26 | 202 | 148 | 153 | 111 | 114 | 98.5 |
| Jun 26 | 193 | 153 | 148 | 113 | 112 | 96.7 |
| Jun 26 | 185 | 149 | 139 | 112 | 107 | 93.3 |
| Jun 26 | 192 | 151 | 142 | 112 | 109 | 94.7 |
| Jun 26 | 190 | 153 | 141 | 114 | 110 | 93.8 |
| Jul 26 | 188 | 154 | 140 | 114 | 109 | 93.3 |
Data: Quarterly revenue (8q) — default top-5
| Period | ADANIPOWER (₹ Cr) | ADANIGREEN (₹ Cr) | NLCINDIA (₹ Cr) | 507836 (₹ Cr) | JSWENERGY (₹ Cr) | Sector avg (₹ Cr) |
|---|---|---|---|---|---|---|
| Jun 24 | 14,956 | 2,794 | 3,376 | 2.0 | 2,879 | 5,682 |
| Sep 24 | 13,339 | 3,005 | 3,657 | 3.0 | 3,238 | 5,245 |
| Dec 24 | 13,671 | 2,340 | 4,411 | 3.0 | 2,439 | 5,088 |
| Mar 25 | 14,237 | 3,073 | 3,836 | 2.0 | 3,189 | 5,811 |
| Jun 25 | 14,109 | 3,800 | 3,826 | 22.0 | 5,143 | 6,076 |
| Sep 25 | 13,457 | 3,008 | 4,178 | 24.0 | 5,177 | 5,495 |
| Dec 25 | 12,451 | 2,618 | 4,443 | 33.0 | 4,082 | 5,169 |
| Mar 26 | 14,223 | 3,502 | 5,042 | 32.0 | 4,499 | 5,953 |
Data: Quarterly net profit (8q) — default top-5
| Period | ADANIPOWER (₹ Cr) | ADANIGREEN (₹ Cr) | NLCINDIA (₹ Cr) | 507836 (₹ Cr) | JSWENERGY (₹ Cr) | Sector avg (₹ Cr) |
|---|---|---|---|---|---|---|
| Jun 24 | 3,913 | 629 | 567 | -23.0 | 534 | 793 |
| Sep 24 | 3,298 | 515 | 982 | -24.0 | 877 | 893 |
| Dec 24 | 2,940 | 474 | 696 | -23.0 | 157 | 614 |
| Mar 25 | 2,599 | 383 | 468 | -37.0 | 415 | 847 |
| Jun 25 | 3,305 | 824 | 839 | -21.0 | 836 | 863 |
| Sep 25 | 2,906 | 644 | 725 | -17.0 | 824 | 746 |
| Dec 25 | 2,488 | 5.0 | 724 | -63.0 | 529 | 614 |
| Mar 26 | 4,271 | 514 | 1,481 | -15.0 | 574 | 1,120 |
Data: Operating margin % (8q) — default top-5
| Period | ADANIPOWER (%) | ADANIGREEN (%) | NLCINDIA (%) | 507836 (%) | JSWENERGY (%) | Sector avg (%) |
|---|---|---|---|---|---|---|
| Jun 24 | 41.0 | 85.0 | 32.0 | -359 | 49.0 | 23.2 |
| Sep 24 | 40.0 | 74.0 | 28.0 | -167 | 52.0 | 31.4 |
| Dec 24 | 37.0 | 80.0 | 23.0 | -264 | 37.0 | 21.4 |
| Mar 25 | 34.0 | 78.0 | 22.0 | -471 | 38.0 | 5.0 |
| Jun 25 | 40.0 | 80.0 | 24.0 | 61.0 | 54.0 | 41.1 |
| Sep 25 | 38.0 | 87.0 | 34.0 | 73.0 | 58.0 | 45.3 |
| Dec 25 | 34.0 | 86.0 | 30.0 | 74.0 | 50.0 | 38.6 |
| Mar 26 | 33.0 | 82.0 | 35.0 | 76.0 | 50.0 | 35.7 |
Data: Latest reported ROCE / ROE (single latest reading, not a trend) — default top-5
| Period | ADANIPOWER (%) | ADANIGREEN (%) | NLCINDIA (%) | 507836 (%) | JSWENERGY (%) | Sector avg (%) |
|---|---|---|---|---|---|---|
| ROCE % | 17.2 | 7.4 | 10.4 | 5.4 | 8.2 | 9.3 |
| ROE % | 21.1 | 11.4 | 17.5 | -130 | 7.5 | 7.3 |
Data: 10-year valuation percentile (latest) — default top-5
| Period | ADANIPOWER (percentile) | ADANIGREEN (percentile) | NLCINDIA (percentile) | JSWENERGY (percentile) | Sector avg (percentile) |
|---|---|---|---|---|---|
| 10y percentile | 89.0 | 31.0 | 70.0 | 77.0 | 52.7 |
Interactive charts default to the five strongest performers by 1-year price return; use the rail to add or remove any constituent, globally or per chart. Non-interactive readers see the same numbers in each chart’s data table.
Data as of 2026-07-01
In the latest reported quarter (2026-03), constituents together booked ₹1,13,103 Cr of revenue (+2.4% year-on-year) and ₹21,279 Cr of profit (+32.3%).revenuepat
On the annual arc, aggregate profit grew 4% to ₹64,669 Cr in 2026.pat
Data: Aggregate quarterly revenue
| Period | Revenue (₹ Cr) | Reporters |
|---|---|---|
| Jun 23 | 98,301 | 19 |
| Sep 23 | 1,02,479 | 19 |
| Dec 23 | 97,184 | 20 |
| Mar 24 | 1,03,987 | 20 |
| Jun 24 | 1,13,648 | 20 |
| Sep 24 | 1,04,903 | 20 |
| Dec 24 | 1,01,757 | 20 |
| Mar 25 | 1,10,414 | 19 |
| Jun 25 | 1,15,436 | 19 |
| Sep 25 | 1,09,909 | 20 |
| Dec 25 | 1,03,376 | 20 |
| Mar 26 | 1,13,103 | 19 |
Data: Aggregate quarterly profit
| Period | Profit after tax (₹ Cr) |
|---|---|
| Jun 23 | 17,600 |
| Sep 23 | 17,104 |
| Dec 23 | 9,842 |
| Mar 24 | 23,659 |
| Jun 24 | 15,863 |
| Sep 24 | 17,852 |
| Dec 24 | 12,280 |
| Mar 25 | 16,083 |
| Jun 25 | 16,388 |
| Sep 25 | 14,913 |
| Dec 25 | 12,285 |
| Mar 26 | 21,279 |
Data: Aggregate operating margin
| Period | OPM (%) |
|---|---|
| Jun 23 | 29.2 |
| Sep 23 | 30.3 |
| Dec 23 | 26.5 |
| Mar 24 | 28.2 |
| Jun 24 | 30.5 |
| Sep 24 | 30.1 |
| Dec 24 | 29.6 |
| Mar 25 | 29.5 |
| Jun 25 | 30.9 |
| Sep 25 | 32.8 |
| Dec 25 | 31.6 |
| Mar 26 | 25.0 |
Data: Aggregate profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| 2015 | 18,295 |
| 2016 | 19,196 |
| 2017 | 14,439 |
| 2018 | 16,596 |
| 2019 | 17,312 |
| 2020 | 14,853 |
| 2021 | 27,876 |
| 2022 | 31,683 |
| 2023 | 43,320 |
| 2024 | 68,396 |
| 2025 | 62,168 |
| 2026 | 64,669 |
Data: Operating margin by year
| Period | OPM (%) |
|---|---|
| 2015 | 26.6 |
| 2016 | 29.0 |
| 2017 | 30.8 |
| 2018 | 29.0 |
| 2019 | 26.8 |
| 2020 | 29.6 |
| 2021 | 32.1 |
| 2022 | 30.3 |
| 2023 | 26.5 |
| 2024 | 29.2 |
| 2025 | 30.4 |
| 2026 | 31.3 |
Data as of 2026-06-27
The aggregate P/E moved from 14.1× to 20.9× (+48.3%) while sector profits moved +49.3% — earnings led the multiple — the durable pattern.pe
Participation check: the share of constituents above their 200-day average moved 20%→54% across the trailing weeks — the move is broadening.pct_above_200dma
Sector PE moved +48.3% but aggregate ΣPAT rose +49.3% over ~3y — EARNINGS led the multiple (the durable pattern). The re-rating is backed by real aggregate earnings.
peprice_idxpatSector breadth WIDENING — % above 200-DMA 20→54% over the trailing weeks: broad participation corroborates a genuine sector-wide turn rather than a few-name move.
pct_above_200dmapct_outperformingResearch view from 2026-06-27
Ownership: institutional (FII+DII) holdings moved +0.51 percentage points over four quarters; promoter stakes moved -0.13 points over two.fii_dii_delta_4qpromoter_delta_2q
Constituents spent ₹1,76,156 Cr on capex in the trailing twelve months (+2.4% year-on-year), with gross block growing +22.5%.capex_ttm_sum_crcapex_yoy_pct
On the deterministic capital-flow read, money is neither decisively entering nor leaving this industry.read
Research view from 2026-06-27
The sector trades at an aggregate P/E of 20.92× against a range of 12.65–28.71× over its 40-quarter history.pe
The median constituent sits at the 67th percentile of its own 10-year valuation range.percentile
Aggregate operating margin (31.3%) sits at the 92nd percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.opm
Data: Aggregate P/E and price index
| Period | P/E (×) | Price index |
|---|---|---|
| Jun 16 | 14.5 | 100 |
| Sep 16 | 13.7 | 95 |
| Dec 16 | 14.4 | 100 |
| Mar 17 | 21.3 | 111 |
| Jun 17 | 19.8 | 103 |
| Sep 17 | 20.2 | 105 |
| Dec 17 | 23.0 | 120 |
| Mar 18 | 17.2 | 103 |
| Jun 18 | 16.0 | 94 |
| Sep 18 | 15.9 | 94 |
| Dec 18 | 16.4 | 96 |
| Mar 19 | 15.6 | 96 |
| Jun 19 | 15.9 | 97 |
| Sep 19 | 14.6 | 89 |
| Dec 19 | 16.1 | 98 |
| Mar 20 | 12.7 | 67 |
| Jun 20 | 17.6 | 92 |
| Sep 20 | 21.2 | 112 |
| Dec 20 | 27.1 | 142 |
| Mar 21 | 16.6 | 163 |
| Jun 21 | 17.7 | 174 |
| Sep 21 | 21.1 | 208 |
| Dec 21 | 22.1 | 218 |
| Mar 22 | 24.5 | 275 |
| Jun 22 | 24.2 | 271 |
| Sep 22 | 28.7 | 322 |
| Dec 22 | 26.4 | 296 |
| Mar 23 | 14.1 | 215 |
| Jun 23 | 16.1 | 247 |
| Sep 23 | 15.9 | 315 |
| Dec 23 | 20.3 | 421 |
| Mar 24 | 19.9 | 480 |
| Jun 24 | 23.5 | 551 |
| Sep 24 | 24.9 | 590 |
| Dec 24 | 19.7 | 448 |
| Mar 25 | 20.9 | 424 |
| Jun 25 | 21.7 | 443 |
| Sep 25 | 23.5 | 458 |
| Dec 25 | 23.4 | 456 |
| Mar 26 | 20.9 | 443 |
Aggregate operating margin (31.3%) sits at the 92nd percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.
Data as of 2026-06-27
20 companies make up this sector, led by Adani Power Ltd at ₹4,42,140 Cr of market value.constituents
| Company | Price | 1y | Stage | RS | 10y val % |
|---|---|---|---|---|---|
| Adani Power Ltd | ₹227 | +94.0% | 2 | 41.2 | 89 |
| NTPC Ltd | ₹358 | +6.7% | 2 | 1.2 | 63 |
| Adani Green Energy Ltd | ₹1,535 | +54.0% | 2 | 42.9 | 31 |
| Tata Power Company Ltd | ₹375 | −6.4% | 2 | -4.3 | 67 |
| JSW Energy Ltd | ₹570 | +11.2% | 2 | 9.9 | 77 |
| NTPC Green Energy Ltd | ₹95.1 | −10.8% | 2 | -4.1 | 25 |
| NHPC Ltd | ₹79.6 | −6.4% | 4 | -0.6 | 77 |
| Torrent Power Ltd | ₹1,405 | −2.5% | 2 | 1.5 | 88 |
| NLC India Ltd | ₹317 | +39.3% | 2 | 17.2 | 70 |
| SJVN Ltd | ₹72.6 | −26.2% | 4 | -10.2 | 79 |
| CESC Ltd | ₹170 | −5.0% | 2 | 1.6 | 67 |
| Jaiprakash Power Ventures Ltd | ₹17.9 | −5.3% | 2 | -0.2 | 69 |
| Reliance Power Ltd | ₹27.2 | −58.9% | 4 | -24.2 | – |
| KPI Green Energy Ltd | ₹397 | −23.2% | 4 | -10.9 | 12 |
| RattanIndia Power Ltd | ₹9.2 | −37.8% | 4 | -10.5 | 71 |
| Gujarat Industries Power Co Ltd | ₹159 | −25.9% | 1 | -2.7 | 28 |
| BF Utilities Ltd | ₹582 | −26.8% | 4 | -8.5 | 13 |
| Orient Green Power Company Ltd | ₹10.4 | −27.3% | 4 | -12.8 | 8 |
| Mac Charles (India) Ltd | ₹704 | +14.5% | 2 | 5.5 | – |
| India Power Corporation Ltd | ₹7.2 | −45.8% | 4 | -29.7 | 14 |
Data as of 2026-07-01
Institutional money is NOT yet crowding in: FII+DII holdings moved just +0.44 percentage points across constituents over the last two quarters — the capital-flow read is neutral.fii_dii_delta_2qread
- Institutional money is NOT yet crowding in: FII+DII holdings moved just +0.44 percentage points across constituents over the last two quarters — the capital-flow read is neutral.
Data as of 2026-07-01
Straight answers from the data
What is the Power - Generation/Distribution sector?
The Power - Generation/Distribution sector groups 20 listed companies with a combined market value of ₹16,41,590 Cr, led by Adani Power Ltd, NTPC Ltd, Adani Green Energy Ltd. 11 of 20 constituents are currently in confirmed price uptrends.
Which stocks are in the Power - Generation/Distribution sector?
The largest Power - Generation/Distribution companies by market value are Adani Power Ltd (₹4,42,140 Cr), NTPC Ltd (₹3,46,219 Cr), Adani Green Energy Ltd (₹2,51,376 Cr), Tata Power Company Ltd (₹1,25,609 Cr), JSW Energy Ltd (₹1,05,150 Cr), NTPC Green Energy Ltd (₹79,772 Cr), NHPC Ltd (₹79,667 Cr), Torrent Power Ltd (₹72,774 Cr).
What are the best-performing Power - Generation/Distribution stocks?
By 1-year price return as of 1 July 2026, the strongest Power - Generation/Distribution stocks are Adani Power Ltd (+94%), Adani Green Energy Ltd (+54%), NLC India Ltd (+39%), Mac Charles (India) Ltd (+15%), JSW Energy Ltd (+11%). These are descriptive price moves measured from weekly Screener closes, not recommendations.
Is the Power - Generation/Distribution sector in an uptrend?
11 of 20 Power - Generation/Distribution constituents are in Stage-2 price uptrends, 8 trade above their 200-day average, and 8 are beating the NIFTY 500 on relative strength. Sector relative strength reads 28.1, in the broadening quadrant of the rotation map, falling over a 12-week streak.
How many Power - Generation/Distribution stocks trade above their 200-day average?
8 of 20 Power - Generation/Distribution constituents currently trade above their 200-day moving average. Over the trailing ~20 weeks, that share moved from 20% to 50% — participation is widening.
Is the Power - Generation/Distribution sector expensive versus its own history?
The Power - Generation/Distribution sector trades at an aggregate P/E of 20.9× against a 12.7–28.7× band over its own history. The median constituent sits at the 67th percentile of its own 10-year P/E range, above the middle of its own historical range. Aggregate operating margin (31.3%) sits at the 92nd percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.
Is money entering or leaving the Power - Generation/Distribution sector?
On Sector Alpha's deterministic capital-flow read, money is neither clearly entering nor leaving the Power - Generation/Distribution sector. Institutional (FII+DII) holdings moved +0.51 percentage points across constituents over the last four quarters, and constituents grew capex +2.4% year-on-year.
How fast is the Power - Generation/Distribution sector growing?
In the latest reported quarter (March 2026), Power - Generation/Distribution constituents together booked ₹1,13,103 Cr of revenue, +2.4% year-on-year, with aggregate profit +32.3% year-on-year. Figures aggregate Screener-scraped quarterly filings across the sector.
How are Power - Generation/Distribution operating margins trending?
Aggregate Power - Generation/Distribution operating margin was 25% in the latest reported quarter (March 2026), versus 29.5% a year earlier — margins are softening.
What is the bull case for the Power - Generation/Distribution sector?
A multi-year structural power-capex super-cycle (peak demand 275→458 GW by FY32, ~₹40 lakh Cr opportunity) is driving aggressive build-out, but generation names are re-rated and grid/regulatory bottlenecks favor transmission and tight-supply equipment. Trailing PE expanded from 14.11 in 2023-03 to 20.92.
What could change the view on the Power - Generation/Distribution sector?
Regulatory tariff cuts or grid-evacuation bottlenecks persistently curtail asset yields, causing sector aggregate earnings to flatline or contract while the multiple remains trapped at cycle highs. Also worth noting: institutional money is NOT yet crowding in: FII+DII holdings moved just +0.44 percentage points across constituents over the last two quarters — the capital-flow read is neutral.
What is the research view on the Power - Generation/Distribution sector?
Sector Alpha does not publish trading recommendations or price calls — this is a research read, not advice. What the data says: broken out mid · mixed. The tri-stream read confirms a structural super-cycle: aggregate earnings have grown in lockstep with the multiple, and broad social sentiment is euphoric on power scarcity. Every number on this page traces to its source column; it is machine-written research, not investment advice.
Should I invest in the Power - Generation/Distribution sector?
Sector Alpha does not publish sector allocations or trading calls — for Power - Generation/Distribution or any sector. What this page provides is a data-first read: how many constituents are in confirmed uptrends, how the sector's valuation compares with its own history, where earnings sit in their cycle, and whether capital is entering or leaving. Use it to study the sector on the evidence, then do your own diligence.
What is the Power - Generation/Distribution sector's relative-strength position?
Power - Generation/Distribution relative strength reads 28.1 on Sector Alpha's rotation map, placing it in the broadening quadrant. Relative strength is falling and has held for 12 weeks. A positive, rising relative-strength trend means the sector has been outperforming the broad market week after week.