The Market Lifts Gokul Agro Resources Limited (NSE:GOKULAGRO) Shares 26% But It Can Do More
May 08
Indian (NIFTY) Food Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies232
- 7D0.8%
- 3M-2.0%
- 1Y19.2%
- YTD-3.2%
The Food is pretty flat in the last 7 days, but Britannia Industries has stood out, gaining 9.5%. The past year has been better, since the industry has gained 19% in that time. As for the next few years, earnings are expected to grow by 19% per annum.
Industry Valuation and Performance
Has the Indian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ₹8.9t | ₹3.5t | ₹157.0b | 27.5x | 56.7x | 2.6x |
| Fri, 05 Apr 2024 | ₹8.7t | ₹3.4t | ₹154.9b | 25.9x | 56.3x | 2.5x |
| Sun, 03 Mar 2024 | ₹9.0t | ₹3.4t | ₹152.9b | 27.8x | 59x | 2.6x |
| Tue, 30 Jan 2024 | ₹9.0t | ₹3.5t | ₹147.1b | 31.2x | 61.2x | 2.6x |
| Thu, 28 Dec 2023 | ₹8.9t | ₹3.5t | ₹146.4b | 29.3x | 60.8x | 2.6x |
| Sat, 25 Nov 2023 | ₹8.3t | ₹3.5t | ₹146.4b | 28.5x | 56.9x | 2.4x |
| Mon, 23 Oct 2023 | ₹8.3t | ₹3.4t | ₹149.5b | 27.7x | 55.6x | 2.4x |
| Wed, 20 Sep 2023 | ₹8.2t | ₹3.4t | ₹149.9b | 27.1x | 54.7x | 2.4x |
| Fri, 18 Aug 2023 | ₹7.9t | ₹3.4t | ₹149.8b | 26.1x | 52.6x | 2.3x |
| Sun, 16 Jul 2023 | ₹8.0t | ₹3.4t | ₹148.2b | 24.8x | 54.2x | 2.3x |
| Tue, 13 Jun 2023 | ₹7.7t | ₹3.4t | ₹155.6b | 24.1x | 49.4x | 2.3x |
| Thu, 11 May 2023 | ₹7.4t | ₹3.3t | ₹169.2b | 21.7x | 43.9x | 2.2x |
| Sat, 08 Apr 2023 | ₹7.0t | ₹3.3t | ₹158.9b | 21.1x | 43.8x | 2.1x |
| Mon, 06 Mar 2023 | ₹6.9t | ₹3.3t | ₹156.7b | 22.5x | 44x | 2.1x |
| Wed, 01 Feb 2023 | ₹7.1t | ₹3.2t | ₹145.2b | 24.2x | 49.2x | 2.2x |
| Fri, 30 Dec 2022 | ₹7.5t | ₹3.2t | ₹144.3b | 24.1x | 52.1x | 2.3x |
| Sun, 27 Nov 2022 | ₹7.5t | ₹3.2t | ₹144.1b | 24.5x | 51.9x | 2.3x |
| Tue, 25 Oct 2022 | ₹7.5t | ₹3.1t | ₹132.7b | 19.9x | 56.2x | 2.4x |
| Thu, 22 Sep 2022 | ₹7.5t | ₹3.1t | ₹130.9b | 21.4x | 57.6x | 2.4x |
| Sat, 20 Aug 2022 | ₹7.2t | ₹3.1t | ₹129.8b | 19.9x | 55.8x | 2.3x |
| Mon, 18 Jul 2022 | ₹7.0t | ₹3.0t | ₹132.4b | 23.1x | 52.6x | 2.3x |
| Wed, 15 Jun 2022 | ₹6.6t | ₹3.0t | ₹141.4b | 22.7x | 46.5x | 2.2x |
| Fri, 13 May 2022 | ₹6.5t | ₹2.9t | ₹146.6b | 20.9x | 44.4x | 2.2x |
| Sun, 10 Apr 2022 | ₹6.9t | ₹2.9t | ₹143.9b | 24x | 48.2x | 2.4x |
| Tue, 08 Mar 2022 | ₹6.0t | ₹2.8t | ₹143.5b | 21x | 41.8x | 2.1x |
| Thu, 03 Feb 2022 | ₹6.1t | ₹2.3t | ₹136.2b | 21.6x | 44.8x | 2.7x |
| Sat, 01 Jan 2022 | ₹5.5t | ₹2.2t | ₹124.6b | 18.1x | 44.1x | 2.5x |
| Mon, 29 Nov 2021 | ₹5.4t | ₹2.2t | ₹124.6b | 17.5x | 43.5x | 2.5x |
| Wed, 27 Oct 2021 | ₹5.5t | ₹2.1t | ₹121.5b | 17.7x | 45.7x | 2.6x |
| Fri, 24 Sep 2021 | ₹5.8t | ₹2.1t | ₹120.5b | 16.6x | 48.4x | 2.8x |
| Sun, 22 Aug 2021 | ₹5.6t | ₹2.1t | ₹106.0b | 17.5x | 52.9x | 2.6x |
| Fri, 09 Jul 2021 | ₹5.8t | ₹2.2t | ₹117.6b | 18.3x | 49.5x | 2.7x |
Price to Earnings Ratio
47x
Current Industry PE
- Investors are optimistic on the Indian Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 56.7x which is higher than its 3-year average PE of 50.8x.
- The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 10% per year over the last three years.
- Revenues for these companies have grown 19% 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 Staples industry?
| IN Market | -1.98% | |
| Consumer Staples | 2.18% | |
| Food | 0.79% | |
| Packaged Foods and Meats | 0.92% | |
| Agricultural Products | -2.39% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 53.2x.
- Analysts are expecting annual earnings growth of 19.2%, which is lower than the prior year's growth of 26.9% per year.
- Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 47.5x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 27% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| BRITANNIA Britannia Industries | ₹5.23k | 9.5% +₹109.0b | 13.5% | PE58.9x | |
| 531642 Marico | ₹595.75 | 15.1% +₹101.0b | 11.8% | PE52.1x | |
| 500790 Nestlé India | ₹2.54k | 1.3% +₹31.2b | 15.1% | PE76.6x | |
| GODREJAGRO Godrej Agrovet | ₹585.35 | 7.6% +₹7.9b | 38.5% | PE33.7x | |
| 530305 Piccadily Agro Industries | ₹749.25 | 12.3% +₹7.7b | 1,523.9% | PE64.4x |
