Concerns Surrounding Redtape's (NSE:REDTAPE) Performance
Jun 06
Indian (NIFTY) Specialty Stores Industry Analysis
UpdatedJun 06, 2024
DataAggregated Company Financials
Companies54
- 7D2.7%
- 3M14.7%
- 1Y92.4%
- YTD26.3%
Over the last 7 days, the Specialty Stores industry has risen 2.7%, driven by gains from Trent of 4.8%. Meanwhile, CarTrade Tech actually underperformed within the industry, shrinking 13% in the last week. In the last 12 months, the industry was up 92%. Looking forward, earnings are forecast to grow by 29% annually.
Industry Valuation and Performance
Has the Indian Specialty Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 06 Jun 2024 | ₹3.7t | ₹922.0b | ₹25.1b | 44.7x | 145.8x | 4x |
| Sat, 04 May 2024 | ₹3.5t | ₹897.5b | ₹21.8b | 51.1x | 160.2x | 3.9x |
| Mon, 01 Apr 2024 | ₹3.2t | ₹877.3b | ₹15.2b | 43.6x | 209.4x | 3.6x |
| Wed, 28 Feb 2024 | ₹3.2t | ₹828.6b | ₹14.5b | 45.9x | 217.7x | 3.8x |
| Fri, 26 Jan 2024 | ₹3.0t | ₹800.2b | ₹13.3b | 52x | 221.4x | 3.7x |
| Sun, 24 Dec 2023 | ₹2.8t | ₹790.6b | ₹12.5b | 46.8x | 226.1x | 3.6x |
| Tue, 21 Nov 2023 | ₹2.7t | ₹790.1b | ₹12.4b | 49.8x | 216.2x | 3.4x |
| Thu, 19 Oct 2023 | ₹2.3t | ₹758.8b | ₹15.3b | 46.6x | 151.7x | 3.1x |
| Sat, 16 Sep 2023 | ₹2.2t | ₹725.3b | ₹13.8b | 41.7x | 158.5x | 3x |
| Mon, 14 Aug 2023 | ₹1.8t | ₹584.4b | ₹17.2b | 39x | 104.5x | 3.1x |
| Wed, 12 Jul 2023 | ₹1.7t | ₹521.0b | ₹14.4b | 37.5x | 114.9x | 3.2x |
| Fri, 09 Jun 2023 | ₹1.5t | ₹511.9b | ₹14.4b | 35.4x | 107.4x | 3x |
| Sun, 07 May 2023 | ₹1.4t | ₹492.4b | ₹15.1b | 31.4x | 94.5x | 2.9x |
| Tue, 04 Apr 2023 | ₹1.3t | ₹483.8b | ₹14.2b | 27.8x | 94.6x | 2.8x |
| Thu, 02 Mar 2023 | ₹934.1b | ₹418.1b | ₹14.0b | 28.1x | 66.6x | 2.2x |
| Sat, 28 Jan 2023 | ₹914.7b | ₹394.4b | ₹13.3b | 35.3x | 68.7x | 2.3x |
| Mon, 26 Dec 2022 | ₹966.5b | ₹360.6b | ₹12.4b | 32.6x | 77.7x | 2.7x |
| Wed, 23 Nov 2022 | ₹995.2b | ₹359.6b | ₹12.4b | 35.8x | 80.2x | 2.8x |
| Fri, 21 Oct 2022 | ₹1.1t | ₹321.9b | ₹9.5b | 36.4x | 112x | 3.3x |
| Sun, 18 Sep 2022 | ₹970.3b | ₹277.1b | ₹8.4b | 36.9x | 114.9x | 3.5x |
| Tue, 16 Aug 2022 | ₹947.1b | ₹276.7b | ₹8.4b | 28.9x | 112.2x | 3.4x |
| Thu, 14 Jul 2022 | ₹352.2b | ₹186.2b | -₹312,452,076.00 | 48.2x | -1127.1x | 1.9x |
| Sat, 11 Jun 2022 | ₹343.6b | ₹186.2b | -₹320,795,237.00 | 46.8x | -1071.2x | 1.8x |
| Mon, 09 May 2022 | ₹318.7b | ₹189.1b | ₹219.8m | 35.3x | 1449.8x | 1.7x |
| Wed, 06 Apr 2022 | ₹339.1b | ₹187.8b | ₹221.2m | 33.1x | 1532.7x | 1.8x |
| Fri, 04 Mar 2022 | ₹310.8b | ₹187.8b | ₹220.5m | 36.9x | 1409.4x | 1.7x |
| Sun, 30 Jan 2022 | ₹339.6b | ₹190.8b | ₹1.8b | 26.7x | 188.1x | 1.8x |
| Tue, 28 Dec 2021 | ₹290.6b | ₹183.7b | ₹558.0m | 25.4x | 520.7x | 1.6x |
| Thu, 25 Nov 2021 | ₹119.3b | ₹173.0b | ₹16.0m | 26.7x | 7471x | 0.7x |
| Sat, 23 Oct 2021 | ₹135.3b | ₹180.4b | -₹10,453,088,185.00 | 20.2x | -12.9x | 0.8x |
| Mon, 20 Sep 2021 | ₹110.8b | ₹180.4b | -₹10,453,087,508.00 | 17.1x | -10.6x | 0.6x |
| Wed, 18 Aug 2021 | ₹103.5b | ₹180.4b | -₹10,453,087,805.00 | 15.5x | -9.9x | 0.6x |
Price to Earnings Ratio
-8.7x
Current Industry PE
- Investors are pessimistic on the Indian Specialty Retail 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 146x which is lower than its 3-year average PE of 325x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
- Total earnings for the Specialty Retail industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 72% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Consumer Discretionary industry?
| IN Market | -1.72% | |
| Consumer Discretionary | 0.62% | |
| Specialty Stores | 2.74% | |
| Computer and Electronics Retail | 5.81% | |
| Apparel Retail | 3.43% | |
| Home Furnishing Retail | 0.037% | |
| Specialty Stores | 0.032% | |
| Home Improvement Retail | -1.93% | |
| Automotive Retail | -5.87% | |
Industry PE
- Investors are most optimistic about the Home Furnishing Retail industry which is trading above its 3-year average PE ratio of 73.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Specialty Stores industry, expecting annual earnings growth of 37% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Computer and Electronics Retail industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 500251 Trent | ₹4.87k | 4.8% +₹79.1b | 206.9% | PE116.5x | |
| ABFRL Aditya Birla Fashion and Retail | ₹322.20 | 10.1% +₹29.9b | 59.6% | PS2.3x | |
| NYKAA FSN E-Commerce Ventures | ₹169.50 | 5.0% +₹22.9b | 25.0% | PE1500.6x | |
| REDTAPE Redtape | ₹775.45 | 7.8% +₹7.7b | n/a | PE60.8x | |
| 540205 Aditya Vision | ₹3.66k | 19.0% +₹7.5b | 173.7% | PE60.9x |
