Here's Why We Think Maruti Suzuki India (NSE:MARUTI) Is Well Worth Watching
May 28
Indian (NIFTY) Auto Industry Analysis
UpdatedJun 13, 2024
DataAggregated Company Financials
Companies11
- 7D3.6%
- 3M17.9%
- 1Y69.3%
- YTD34.2%
All of the companies in the Auto industry have been up over the last week, with the industry up 3.6%. This means that the industry has gained 69% over the past year. Looking forward, earnings are forecast to grow by 9.2% 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 |
|---|---|---|---|---|---|---|
| Thu, 13 Jun 2024 | ₹17.2t | ₹8.6t | ₹733.5b | 33.2x | 23.5x | 2x |
| Sat, 11 May 2024 | ₹16.0t | ₹8.4t | ₹610.4b | 32.9x | 26.3x | 1.9x |
| Mon, 08 Apr 2024 | ₹15.4t | ₹8.3t | ₹592.3b | 33x | 26x | 1.9x |
| Wed, 06 Mar 2024 | ₹15.0t | ₹8.3t | ₹592.3b | 31x | 25.4x | 1.8x |
| Fri, 02 Feb 2024 | ₹13.6t | ₹8.0t | ₹545.6b | 29.7x | 24.9x | 1.7x |
| Sun, 31 Dec 2023 | ₹12.9t | ₹7.9t | ₹530.0b | 30.1x | 24.4x | 1.6x |
| Tue, 28 Nov 2023 | ₹11.7t | ₹7.8t | ₹513.5b | 31.1x | 22.8x | 1.5x |
| Thu, 26 Oct 2023 | ₹11.1t | ₹7.5t | ₹463.6b | 28.7x | 24x | 1.5x |
| Sat, 23 Sep 2023 | ₹11.0t | ₹7.5t | ₹462.6b | 30.9x | 23.9x | 1.5x |
| Mon, 21 Aug 2023 | ₹10.4t | ₹7.5t | ₹462.6b | 29x | 22.4x | 1.4x |
| Wed, 19 Jul 2023 | ₹10.5t | ₹7.0t | ₹342.3b | 41.8x | 30.6x | 1.5x |
| Fri, 16 Jun 2023 | ₹10.1t | ₹7.0t | ₹342.3b | 35.3x | 29.5x | 1.4x |
| Sun, 14 May 2023 | ₹9.5t | ₹7.0t | ₹338.4b | 34.1x | 28.2x | 1.4x |
| Tue, 11 Apr 2023 | ₹8.5t | ₹6.6t | ₹258.8b | 25.5x | 32.7x | 1.3x |
| Thu, 09 Mar 2023 | ₹8.7t | ₹6.6t | ₹258.8b | 26.4x | 33.6x | 1.3x |
| Sat, 04 Feb 2023 | ₹8.9t | ₹6.5t | ₹248.6b | 26x | 35.9x | 1.4x |
| Mon, 02 Jan 2023 | ₹8.4t | ₹6.2t | ₹173.2b | 27.3x | 48.3x | 1.3x |
| Wed, 30 Nov 2022 | ₹8.8t | ₹6.2t | ₹173.2b | 28.9x | 50.6x | 1.4x |
| Fri, 28 Oct 2022 | ₹8.8t | ₹5.9t | ₹126.0b | 30.6x | 70x | 1.5x |
| Sun, 25 Sep 2022 | ₹8.9t | ₹5.9t | ₹128.6b | 41.3x | 69.4x | 1.5x |
| Tue, 23 Aug 2022 | ₹8.7t | ₹5.9t | ₹128.6b | 34.7x | 68x | 1.5x |
| Thu, 21 Jul 2022 | ₹8.6t | ₹5.6t | ₹100.7b | 35.6x | 85.3x | 1.5x |
| Sat, 18 Jun 2022 | ₹7.5t | ₹5.6t | ₹100.7b | 31.1x | 74.4x | 1.3x |
| Mon, 16 May 2022 | ₹7.1t | ₹5.5t | ₹93.8b | 33.4x | 76.2x | 1.3x |
| Wed, 13 Apr 2022 | ₹7.4t | ₹5.6t | ₹24.1b | 34.7x | 308x | 1.3x |
| Fri, 11 Mar 2022 | ₹6.9t | ₹5.6t | ₹24.1b | 30.6x | 286.8x | 1.2x |
| Sun, 06 Feb 2022 | ₹8.0t | ₹5.6t | ₹27.4b | 33.5x | 291.1x | 1.4x |
| Tue, 04 Jan 2022 | ₹10.6t | ₹5.6t | ₹84.0b | 33.3x | 125.7x | 1.9x |
| Thu, 02 Dec 2021 | ₹7.3t | ₹5.6t | ₹84.0b | 36.4x | 87.2x | 1.3x |
| Sat, 30 Oct 2021 | ₹7.6t | ₹5.6t | ₹90.6b | 35.2x | 84.5x | 1.4x |
| Mon, 27 Sep 2021 | ₹6.9t | ₹5.5t | ₹112.9b | 33.4x | 61.1x | 1.3x |
| Wed, 25 Aug 2021 | ₹6.5t | ₹5.5t | ₹112.9b | 32.4x | 57.8x | 1.2x |
| Thu, 01 Jul 2021 | ₹7.2t | ₹5.5t | ₹112.9b | 38.6x | 63.8x | 1.3x |
Price to Earnings Ratio
63.8x
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 23.5x which is lower than its 3-year average PE of 71.9x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Auto industry have grown 87% per year over the last three years.
- Revenues for these companies have grown 16% 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 | 5.14% | |
| Consumer Discretionary | 4.42% | |
| Auto | 3.58% | |
| Automobile Manufacturers | 3.61% | |
| Motorcycle Manufacturers | 3.53% | |
Industry PE
- Investors are most optimistic about the Motorcycle Manufacturers industry which is trading above its 3-year average PE ratio of 26.3x.
- Analysts are expecting annual earnings growth of 14.0%, which is lower than the prior year's growth of 35.3% per year.
- Investors are most pessimistic about the Automobile Manufacturers industry, which is trading below its 3-year average of 413x.
Forecasted Growth
- Analysts are most optimistic on the Motorcycle Manufacturers industry, expecting annual earnings growth of 14% over the next 5 years.
- However this is lower than its past earnings growth rate of 35% per year.
- In contrast, the Automobile Manufacturers industry is expected to see its earnings grow by 6.3% 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 | |
|---|---|---|---|---|---|
| 500570 Tata Motors | ₹985.75 | 5.1% +₹182.4b | 73.5% | PE12x | |
| M&M Mahindra & Mahindra | ₹2.86k | 6.0% +₹180.2b | 105.5% | PE28.3x | |
| BAJAJ-AUTO Bajaj Auto | ₹9.92k | 2.3% +₹62.0b | 110.2% | PE35.9x | |
| 500182 Hero MotoCorp | ₹5.81k | 5.1% +₹56.1b | 104.5% | PE31x | |
| MARUTI Maruti Suzuki India | ₹12.85k | 1.4% +₹54.5b | 33.9% | PE29.9x |