Mahindra & Mahindra Limited's (NSE:M&M) Business Is Trailing The Market But Its Shares Aren't
Mar 23
Have your own idea? Try our Stock Screener
Indian (NIFTY) Auto Industry Analysis
UpdatedMar 24, 2025
DataAggregated Company Financials
Companies15
- 7D5.2%
- 3M-1.7%
- 1Y-0.7%
- YTD-4.2%
Over the last 7 days, the Auto industry has risen 5.2%, driven by gains in Tata Motors and Bajaj Auto of 7.9% and 8.5%, respectively. During this same period, the Wardwizard Innovations & Mobility underperformed, falling 9.9%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Indian Auto Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 24 Mar 2025 | ₹16.6t | ₹9.8t | ₹807.6b | 27.6x | 20.6x | 1.7x |
| Wed, 19 Feb 2025 | ₹17.0t | ₹9.8t | ₹807.6b | 28.4x | 21x | 1.7x |
| Fri, 17 Jan 2025 | ₹17.5t | ₹9.6t | ₹813.0b | 30.2x | 21.5x | 1.8x |
| Sun, 15 Dec 2024 | ₹17.8t | ₹9.6t | ₹813.0b | 28.9x | 21.8x | 1.9x |
| Tue, 12 Nov 2024 | ₹17.9t | ₹9.6t | ₹814.1b | 27.5x | 22x | 1.9x |
| Thu, 10 Oct 2024 | ₹18.9t | ₹8.8t | ₹759.1b | 31.3x | 24.9x | 2.1x |
| Sat, 07 Sep 2024 | ₹18.4t | ₹8.8t | ₹759.1b | 29.6x | 24.3x | 2.1x |
| Mon, 05 Aug 2024 | ₹17.4t | ₹8.8t | ₹770.1b | 31.3x | 22.6x | 2x |
| Wed, 03 Jul 2024 | ₹16.7t | ₹8.6t | ₹733.5b | 31.7x | 22.8x | 1.9x |
| Fri, 31 May 2024 | ₹16.1t | ₹8.6t | ₹733.5b | 32.5x | 21.9x | 1.9x |
| Sun, 28 Apr 2024 | ₹15.6t | ₹8.3t | ₹595.4b | 32.8x | 26.2x | 1.9x |
| Tue, 26 Mar 2024 | ₹15.1t | ₹8.3t | ₹592.3b | 33x | 25.6x | 1.8x |
| Thu, 22 Feb 2024 | ₹14.4t | ₹8.3t | ₹592.3b | 30.6x | 24.3x | 1.7x |
| Sat, 20 Jan 2024 | ₹12.9t | ₹7.9t | ₹530.0b | 28.9x | 24.4x | 1.6x |
| Mon, 18 Dec 2023 | ₹12.4t | ₹7.9t | ₹530.0b | 29.2x | 23.4x | 1.6x |
| Wed, 15 Nov 2023 | ₹11.2t | ₹7.8t | ₹513.5b | 30.1x | 21.9x | 1.4x |
| Fri, 13 Oct 2023 | ₹11.1t | ₹7.5t | ₹460.6b | 29.7x | 24.1x | 1.5x |
| Sun, 10 Sep 2023 | ₹10.9t | ₹7.5t | ₹462.6b | 30.4x | 23.5x | 1.4x |
| Tue, 08 Aug 2023 | ₹10.4t | ₹7.5t | ₹461.6b | 31.5x | 22.5x | 1.4x |
| Thu, 06 Jul 2023 | ₹10.4t | ₹7.0t | ₹342.3b | 42x | 30.4x | 1.5x |
| Sat, 03 Jun 2023 | ₹9.9t | ₹7.0t | ₹342.5b | 34.7x | 28.9x | 1.4x |
| Mon, 01 May 2023 | ₹9.0t | ₹6.7t | ₹268.5b | 29.6x | 33.5x | 1.3x |
| Wed, 29 Mar 2023 | ₹8.0t | ₹6.6t | ₹258.8b | 24.1x | 31.1x | 1.2x |
| Fri, 24 Feb 2023 | ₹8.7t | ₹6.6t | ₹258.8b | 26.5x | 33.7x | 1.3x |
| Sun, 22 Jan 2023 | ₹8.4t | ₹6.2t | ₹173.2b | 27.8x | 48.6x | 1.4x |
| Tue, 20 Dec 2022 | ₹8.6t | ₹6.2t | ₹173.2b | 28.2x | 49.8x | 1.4x |
| Thu, 17 Nov 2022 | ₹8.9t | ₹6.2t | ₹173.2b | 31.3x | 51.5x | 1.4x |
| Sat, 15 Oct 2022 | ₹8.4t | ₹5.9t | ₹128.6b | 40.3x | 65.7x | 1.4x |
| Mon, 12 Sep 2022 | ₹8.9t | ₹5.9t | ₹128.6b | 37.4x | 69.4x | 1.5x |
| Wed, 10 Aug 2022 | ₹8.9t | ₹5.8t | ₹121.5b | 35.5x | 72.9x | 1.5x |
| Fri, 08 Jul 2022 | ₹8.3t | ₹5.6t | ₹100.7b | 33.2x | 82.7x | 1.5x |
| Sun, 05 Jun 2022 | ₹7.7t | ₹5.6t | ₹100.6b | 37.4x | 76.9x | 1.4x |
| Tue, 03 May 2022 | ₹7.5t | ₹5.6t | ₹30.2b | 34.9x | 248.3x | 1.3x |
| Thu, 31 Mar 2022 | ₹7.3t | ₹5.6t | ₹24.1b | 33.4x | 302.2x | 1.3x |
Price to Earnings Ratio
302.2x
Current Industry PE
- Investors are pessimistic on the Indian Auto industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 20.6x which is lower than its 3-year average PE of 47.5x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Auto industry have grown 222% 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 Trends
Which industries have driven the changes within the Indian Consumer Discretionary industry?
| IN Market | 5.66% | |
| Consumer Discretionary | 5.61% | |
| Auto | 5.21% | |
| Motorcycle Manufacturers | 6.60% | |
| Automobile Manufacturers | 4.47% | |
Industry PE
- Investors are most optimistic about the Motorcycle Manufacturers industry which is trading above its 3-year average PE ratio of 30.6x.
- Analysts expect its future annual earnings growth (16.5%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Automobile Manufacturers industry, which is trading below its 3-year average of 46.7x.
Forecasted Growth
- Analysts are most optimistic on the Motorcycle Manufacturers industry, expecting annual earnings growth of 16% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Automobile Manufacturers industry is expected to see its earnings grow by 8.2% 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 | |
|---|---|---|---|---|---|
| 500570 Tata Motors | ₹713.40 | 7.9% +₹193.3b | -27.2% | PE8.3x | |
| BAJAJ-AUTO Bajaj Auto | ₹8.13k | 8.5% +₹178.6b | -9.2% | PE30.1x | |
| HYUNDAI Hyundai Motor India | ₹1.76k | 10.1% +₹130.5b | n/a | PE25.1x | |
| MARUTI Maruti Suzuki India | ₹11.92k | 3.2% +₹115.9b | -3.4% | PE25.8x | |
| 505200 Eicher Motors | ₹5.43k | 7.5% +₹103.6b | 36.3% | PE33.5x |
