We Like These Underlying Return On Capital Trends At Gujarat Mineral Development (NSE:GMDCLTD)
Nov 29
Indian (NIFTY) Energy Sector Analysis
UpdatedNov 30, 2023
DataAggregated Company Financials
Companies43
- 7D1.7%
- 3M7.2%
- 1Y1.8%
- YTD5.7%
Over the last 7 days, the Energy industry has risen 1.9%, driven by gains from Indian Oil of 7.2%. Meanwhile, Gujarat Mineral Development actually underperformed within the industry, shrinking 6.2% in the last week. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 3.5% per annum.
Sector Valuation and Performance
Has the Indian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 Nov 2023 | ₹24.2t | ₹35.3t | ₹2.4t | 12.5x | 9.9x | 0.7x |
| Sat, 28 Oct 2023 | ₹22.0t | ₹36.2t | ₹2.1t | 15.4x | 10.7x | 0.6x |
| Mon, 25 Sep 2023 | ₹22.9t | ₹36.2t | ₹2.0t | 13.7x | 11.4x | 0.6x |
| Wed, 23 Aug 2023 | ₹23.4t | ₹36.2t | ₹2.0t | 12.9x | 11.7x | 0.6x |
| Fri, 21 Jul 2023 | ₹24.1t | ₹37.6t | ₹1.6t | 13.5x | 15.2x | 0.6x |
| Sun, 18 Jun 2023 | ₹23.5t | ₹37.6t | ₹1.6t | 13x | 14.8x | 0.6x |
| Tue, 16 May 2023 | ₹22.9t | ₹36.9t | ₹1.6t | 13.4x | 14.5x | 0.6x |
| Thu, 13 Apr 2023 | ₹21.6t | ₹36.4t | ₹1.5t | 12.4x | 14x | 0.6x |
| Sat, 11 Mar 2023 | ₹21.4t | ₹36.4t | ₹1.5t | 12.9x | 13.8x | 0.6x |
| Mon, 06 Feb 2023 | ₹21.2t | ₹36.1t | ₹1.5t | 17x | 13.7x | 0.6x |
| Wed, 04 Jan 2023 | ₹22.8t | ₹34.9t | ₹1.6t | 16.3x | 14.5x | 0.7x |
| Fri, 02 Dec 2022 | ₹23.7t | ₹34.9t | ₹1.6t | 17.1x | 15x | 0.7x |
| Sun, 30 Oct 2022 | ₹22.2t | ₹32.8t | ₹1.8t | 21.1x | 12.5x | 0.7x |
| Tue, 27 Sep 2022 | ₹20.9t | ₹32.0t | ₹1.8t | 23.3x | 11.6x | 0.7x |
| Thu, 25 Aug 2022 | ₹23.0t | ₹32.0t | ₹1.8t | 21.6x | 12.8x | 0.7x |
| Sat, 23 Jul 2022 | ₹21.8t | ₹28.2t | ₹1.8t | 12.4x | 12.2x | 0.8x |
| Mon, 20 Jun 2022 | ₹22.4t | ₹28.2t | ₹1.8t | 11.7x | 12.6x | 0.8x |
| Wed, 18 May 2022 | ₹23.7t | ₹26.2t | ₹1.9t | 14.1x | 12.7x | 0.9x |
| Fri, 15 Apr 2022 | ₹23.0t | ₹25.4t | ₹1.8t | 22.1x | 12.9x | 0.9x |
| Sun, 13 Mar 2022 | ₹21.9t | ₹25.4t | ₹1.8t | 17.3x | 12.3x | 0.9x |
| Tue, 08 Feb 2022 | ₹21.2t | ₹24.8t | ₹1.7t | 19.1x | 12.6x | 0.9x |
| Thu, 06 Jan 2022 | ₹21.9t | ₹22.7t | ₹1.6t | 16.4x | 13.4x | 1x |
| Sat, 04 Dec 2021 | ₹21.4t | ₹22.7t | ₹1.6t | 15.6x | 13.2x | 0.9x |
| Mon, 01 Nov 2021 | ₹22.5t | ₹21.6t | ₹1.5t | 18x | 15.1x | 1x |
| Wed, 29 Sep 2021 | ₹22.5t | ₹21.0t | ₹1.4t | 19.3x | 16.1x | 1.1x |
| Fri, 27 Aug 2021 | ₹19.8t | ₹21.0t | ₹1.4t | 17.1x | 14.2x | 0.9x |
| Sat, 03 Jul 2021 | ₹19.2t | ₹21.0t | ₹1.4t | 18.9x | 13.8x | 0.9x |
| Tue, 06 Apr 2021 | ₹17.8t | ₹18.1t | ₹1.3t | 15.8x | 13.9x | 1x |
| Fri, 08 Jan 2021 | ₹17.4t | ₹17.8t | ₹736.7b | 17.1x | 23.7x | 1x |
Price to Earnings Ratio
21.4x
Current Industry PE
- Investors are pessimistic on the Indian Energy 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 9.9x which is lower than its 3-year average PE of 14.3x.
- The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
- The earnings for companies in the Energy industry have grown 46% per year over the last three years.
- Revenues for these companies have grown 24% 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 Energy sector?
| IN Market | 1.58% | |
| Energy | 1.69% | |
| Energy Services | 3.46% | |
| Oil and Gas | 1.69% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 14.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 14.3x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 3.5% over the next 5 years.
- However this is lower than its past earnings growth rate of 16% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 3.5% 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 | |
|---|---|---|---|---|---|
| IOC Indian Oil | ₹108.55 | 7.2% +₹100.5b | 41.6% | PE3.9x | |
| RELIANCE Reliance Industries | ₹2.40k | 0.5% +₹79.4b | -12.1% | PE22.3x | |
| COALINDIA Coal India | ₹342.35 | 3.1% +₹62.9b | 50.6% | PE7.5x | |
| BPCL Bharat Petroleum | ₹428.65 | 6.6% +₹57.6b | 25.6% | PE3.4x | |
| HINDPETRO Hindustan Petroleum | ₹342.45 | 12.1% +₹52.4b | 43.2% | PE2.9x |