Calculating The Intrinsic Value Of Jindal Stainless Limited (NSE:JSL)
Nov 22
Indian (NIFTY) Market Analysis & Valuation
UpdatedDec 04, 2023
DataAggregated Company Financials
Companies4251
- 7D2.5%
- 3M6.1%
- 1Y14.3%
- YTD16.7%
The market is up 2.5% in the last 7 days, led by the Financials and all sectors gaining ground. The market is up 14% over the last 12 months. As for the next few years, earnings are expected to grow by 17% per annum.
Market Valuation and Performance
Has the Indian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 04 Dec 2023 | ₹340.0t | ₹153.6t | ₹14.4t | 28.3x | 23.6x | 2.2x |
| Wed, 01 Nov 2023 | ₹313.9t | ₹153.6t | ₹14.0t | 27.6x | 22.5x | 2x |
| Fri, 29 Sep 2023 | ₹320.2t | ₹152.6t | ₹13.4t | 27.5x | 23.8x | 2.1x |
| Sun, 27 Aug 2023 | ₹309.8t | ₹152.6t | ₹13.4t | 26.7x | 23.1x | 2x |
| Tue, 25 Jul 2023 | ₹304.7t | ₹151.1t | ₹12.6t | 26.4x | 24.1x | 2x |
| Thu, 22 Jun 2023 | ₹292.4t | ₹150.3t | ₹12.5t | 25.4x | 23.3x | 1.9x |
| Sat, 20 May 2023 | ₹274.6t | ₹149.2t | ₹12.6t | 23x | 21.8x | 1.8x |
| Mon, 17 Apr 2023 | ₹264.1t | ₹145.3t | ₹12.2t | 21.7x | 21.6x | 1.8x |
| Wed, 15 Mar 2023 | ₹254.6t | ₹145.1t | ₹12.2t | 20.7x | 20.9x | 1.8x |
| Fri, 10 Feb 2023 | ₹266.3t | ₹143.5t | ₹12.1t | 21.9x | 22.1x | 1.9x |
| Sun, 08 Jan 2023 | ₹277.5t | ₹139.3t | ₹11.9t | 22.9x | 23.3x | 2x |
| Tue, 06 Dec 2022 | ₹287.9t | ₹139.1t | ₹11.9t | 23x | 24.2x | 2.1x |
| Thu, 03 Nov 2022 | ₹275.2t | ₹134.5t | ₹11.8t | 22.1x | 23.3x | 2x |
| Sat, 01 Oct 2022 | ₹265.1t | ₹131.2t | ₹11.9t | 21.7x | 22.3x | 2x |
| Mon, 29 Aug 2022 | ₹269.8t | ₹130.9t | ₹11.8t | 21x | 22.8x | 2.1x |
| Wed, 27 Jul 2022 | ₹251.3t | ₹123.9t | ₹11.5t | 21.3x | 21.9x | 2x |
| Fri, 24 Jun 2022 | ₹234.1t | ₹122.1t | ₹11.4t | 19.4x | 20.6x | 1.9x |
| Sun, 22 May 2022 | ₹248.4t | ₹119.1t | ₹11.3t | 20.5x | 22x | 2.1x |
| Tue, 19 Apr 2022 | ₹262.2t | ₹108.3t | ₹10.6t | 22x | 24.8x | 2.4x |
| Thu, 17 Mar 2022 | ₹250.1t | ₹108.4t | ₹10.6t | 20.3x | 23.5x | 2.3x |
| Sat, 12 Feb 2022 | ₹257.4t | ₹106.8t | ₹10.5t | 21.6x | 24.6x | 2.4x |
| Mon, 10 Jan 2022 | ₹266.2t | ₹101.8t | ₹9.9t | 22.5x | 26.9x | 2.6x |
| Wed, 08 Dec 2021 | ₹252.1t | ₹101.7t | ₹9.9t | 18.8x | 25.5x | 2.5x |
| Fri, 05 Nov 2021 | ₹259.1t | ₹100.2t | ₹9.3t | 21.1x | 27.8x | 2.6x |
| Sun, 03 Oct 2021 | ₹254.6t | ₹96.1t | ₹8.9t | 21x | 28.6x | 2.7x |
| Tue, 31 Aug 2021 | ₹245.8t | ₹96.6t | ₹8.9t | 19.4x | 27.6x | 2.5x |
| Wed, 07 Jul 2021 | ₹226.0t | ₹96.3t | ₹8.9t | 18.3x | 25.4x | 2.3x |
| Sat, 10 Apr 2021 | ₹200.9t | ₹87.6t | ₹7.4t | 17.2x | 27.2x | 2.3x |
| Fri, 01 Jan 2021 | ₹186.1t | ₹83.0t | ₹5.3t | 17.6x | 35.3x | 2.2x |
Price to Earnings Ratio
35.8x
Current Market PE
- Investors are relatively neutral on the Indian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 25.2x.
Past Earnings Growth
- The earnings for Indian listed companies have grown 44% per year over the last three years.
- Revenues for these companies have grown 23% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Indian Market?
| IN Market | 2.45% | |
| Utilities | 7.21% | |
| Industrials | 2.96% | |
| Telecom | 2.91% | |
| Materials | 2.47% | |
| Financials | 2.29% | |
| Real Estate | 2.18% | |
| Consumer Staples | 2.15% | |
| Healthcare | 2.15% | |
| Consumer Discretionary | 2.08% | |
| Energy | 1.79% | |
| Tech | 1.50% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 49.2x.
- Analysts expect its future annual earnings growth (24.8%) to be largely in line with prior year's earnings growth.
- The market's confidence could indicate that the market believes that analysts are underestimating future growth.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.3x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings growth rate of 16% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 3.4% 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 | Sector | |
|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank | ₹1.61k | 5.0% +₹586.7b | -0.2% | PB2.9x | Financials | |
| ICICIBANK ICICI Bank | ₹991.20 | 6.6% +₹434.9b | 6.2% | PB3x | Financials | |
| 532215 Axis Bank | ₹1.13k | 11.7% +₹364.0b | 25.2% | PB2.4x | Financials | |
| 532454 Bharti Airtel | ₹1.03k | 6.1% +₹358.6b | 22.3% | PE82.2x | Telecom | |
| 500510 Larsen & Toubro | ₹3.31k | 8.5% +₹356.9b | 58.9% | PE37.6x | Industrials |
Market Insights
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