Here's Why We Think ICICI Bank (NSE:ICICIBANK) Might Deserve Your Attention Today
Sep 27
Have your own idea? Try our Stock Screener
Indian (NIFTY) Financials Sector Analysis
UpdatedOct 14, 2024
DataAggregated Company Financials
Companies611
- 7D-0.1%
- 3M-2.2%
- 1Y26.4%
- YTD14.5%
The Financials is pretty flat in the last 7 days, but HDFC Bank has stood out, gaining 4.3%. The past year has been better, since the industry has gained 26% in that time. As for the next few years, earnings are expected to grow by 12% per annum.
Sector Valuation and Performance
Has the Indian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Oct 2024 | ₹101.4t | ₹33.2t | ₹5.9t | 23.9x | 17.2x | 3.1x |
| Thu, 12 Sep 2024 | ₹100.5t | ₹33.2t | ₹5.9t | 23.4x | 17.1x | 3x |
| Sat, 10 Aug 2024 | ₹99.0t | ₹33.2t | ₹5.9t | 23.4x | 16.9x | 3x |
| Mon, 08 Jul 2024 | ₹100.6t | ₹31.9t | ₹5.6t | 23.1x | 18x | 3.2x |
| Wed, 05 Jun 2024 | ₹89.3t | ₹32.1t | ₹5.6t | 19.2x | 15.9x | 2.8x |
| Fri, 03 May 2024 | ₹95.4t | ₹31.1t | ₹5.5t | 22.6x | 17.5x | 3.1x |
| Sun, 31 Mar 2024 | ₹89.7t | ₹29.7t | ₹5.2t | 20.4x | 17.4x | 3x |
| Tue, 27 Feb 2024 | ₹91.1t | ₹29.7t | ₹5.2t | 23x | 17.7x | 3.1x |
| Thu, 25 Jan 2024 | ₹91.3t | ₹30.1t | ₹5.4t | 22.5x | 16.8x | 3x |
| Sat, 23 Dec 2023 | ₹89.6t | ₹29.3t | ₹5.3t | 21.2x | 16.9x | 3.1x |
| Mon, 20 Nov 2023 | ₹82.6t | ₹29.5t | ₹5.4t | 20.5x | 15.4x | 2.8x |
| Wed, 18 Oct 2023 | ₹82.5t | ₹28.5t | ₹5.0t | 22.3x | 16.4x | 2.9x |
| Fri, 15 Sep 2023 | ₹82.8t | ₹28.5t | ₹5.0t | 22x | 16.5x | 2.9x |
| Sun, 13 Aug 2023 | ₹77.5t | ₹28.5t | ₹5.0t | 20.5x | 15.4x | 2.7x |
| Tue, 11 Jul 2023 | ₹73.6t | ₹26.5t | ₹4.6t | 23.1x | 15.9x | 2.8x |
| Thu, 08 Jun 2023 | ₹70.6t | ₹26.6t | ₹4.6t | 21.4x | 15.3x | 2.6x |
| Sat, 06 May 2023 | ₹67.4t | ₹26.1t | ₹4.3t | 19.8x | 15.6x | 2.6x |
| Mon, 03 Apr 2023 | ₹62.8t | ₹25.5t | ₹4.3t | 18.6x | 14.6x | 2.5x |
| Wed, 01 Mar 2023 | ₹63.1t | ₹25.4t | ₹4.3t | 19.1x | 14.6x | 2.5x |
| Fri, 27 Jan 2023 | ₹66.2t | ₹24.6t | ₹3.9t | 21.3x | 16.9x | 2.7x |
| Sun, 25 Dec 2022 | ₹65.7t | ₹24.2t | ₹3.8t | 20.5x | 17.3x | 2.7x |
| Tue, 22 Nov 2022 | ₹66.1t | ₹24.2t | ₹3.8t | 19.3x | 17.4x | 2.7x |
| Thu, 20 Oct 2022 | ₹63.2t | ₹23.3t | ₹3.4t | 20.3x | 18.6x | 2.7x |
| Sat, 17 Sep 2022 | ₹64.5t | ₹23.3t | ₹3.4t | 20.7x | 19.1x | 2.8x |
| Mon, 15 Aug 2022 | ₹62.8t | ₹23.2t | ₹3.3t | 20.3x | 19x | 2.7x |
| Wed, 13 Jul 2022 | ₹57.0t | ₹23.1t | ₹3.1t | 18.7x | 18.6x | 2.5x |
| Fri, 10 Jun 2022 | ₹57.6t | ₹23.0t | ₹3.1t | 18.2x | 18.8x | 2.5x |
| Sun, 08 May 2022 | ₹52.9t | ₹16.0t | ₹2.8t | 19x | 18.6x | 3.3x |
| Tue, 05 Apr 2022 | ₹59.8t | ₹15.8t | ₹2.7t | 19.5x | 22.5x | 3.8x |
| Thu, 03 Mar 2022 | ₹54.5t | ₹15.8t | ₹2.7t | 17.7x | 20.5x | 3.4x |
| Sat, 29 Jan 2022 | ₹58.4t | ₹15.5t | ₹2.5t | 19x | 23.5x | 3.8x |
| Mon, 27 Dec 2021 | ₹55.6t | ₹15.6t | ₹2.4t | 18.1x | 23.1x | 3.6x |
| Wed, 24 Nov 2021 | ₹59.1t | ₹15.6t | ₹2.4t | 17.3x | 24.5x | 3.8x |
| Fri, 22 Oct 2021 | ₹62.1t | ₹14.8t | ₹2.3t | 18.6x | 27x | 4.2x |
Price to Earnings Ratio
27x
Current Industry PE
- Investors are relatively neutral on the Indian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 18.1x.
- The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 37% per year over the last three years.
- Revenues for these companies have grown 31% 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 Financials sector?
| IN Market | 0.37% | |
| Financials | -0.14% | |
| Capital Markets | 4.58% | |
| Diversified Financial | 0.63% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | -0.49% | |
| Banks | -0.58% | |
| Insurance | -1.91% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 19.7x.
- Analysts are expecting annual earnings growth of 14.1%, which is lower than the prior year's growth of 64.4% per year.
- Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 16.4x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 8.7% 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 | |
|---|---|---|---|---|---|
| HDFCBANK HDFC Bank | ₹1.69k | 4.3% +₹536.4b | 10.4% | PB2.7x | |
| SBIN State Bank of India | ₹805.15 | 4.5% +₹307.9b | 39.9% | PB1.6x | |
| 500247 Kotak Mahindra Bank | ₹1.91k | 6.8% +₹243.1b | 9.1% | PB2.9x | |
| LICI Life Insurance Corporation of India | ₹959.50 | 3.1% +₹180.3b | 50.6% | PE12.9x | |
| BSE BSE | ₹4.81k | 25.7% +₹135.0b | 224.7% | PE109.9x |
