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Indian (NIFTY) Financials Sector Analysis

UpdatedJul 08, 2026
DataAggregated Company Financials
Companies639
  • 7D1.3%
  • 3M5.0%
  • 1Y0.5%
  • YTD-2.0%

Over the last 7 days, the Financials industry has risen 1.4%, driven by gains from HDFC Bank of 3.9%. During this same period, the Bank of Baroda underperformed, falling 9.0%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the Indian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Jul 2026₹117.5t₹38.0t₹7.1t24.3x16.6x3.1x
Fri, 05 Jun 2026₹109.1t₹38.1t₹7.1t22.2x15.4x2.9x
Sun, 03 May 2026₹112.2t₹37.2t₹6.9t21.9x16.2x3x
Tue, 31 Mar 2026₹100.4t₹37.0t₹6.8t18.6x14.8x2.7x
Thu, 26 Feb 2026₹120.8t₹37.0t₹6.8t21.6x17.8x3.3x
Sat, 24 Jan 2026₹114.9t₹35.8t₹6.7t22.3x17.2x3.2x
Mon, 22 Dec 2025₹117.3t₹35.2t₹6.6t23.2x17.8x3.3x
Wed, 19 Nov 2025₹112.0t₹26.0t₹6.0t25.2x18.6x4.3x
Fri, 17 Oct 2025₹114.1t₹35.0t₹6.5t24.5x17.7x3.3x
Sun, 14 Sep 2025₹108.0t₹35.1t₹6.4t22.9x16.8x3.1x
Tue, 12 Aug 2025₹107.2t₹35.0t₹6.5t25x16.6x3.1x
Thu, 10 Jul 2025₹110.4t₹34.2t₹6.4t25x17.3x3.2x
Sat, 07 Jun 2025₹109.3t₹34.3t₹6.4t24.9x17.1x3.2x
Mon, 05 May 2025₹101.9t₹34.3t₹6.3t20.2x16.1x3x
Wed, 02 Apr 2025₹96.7t₹34.0t₹6.3t19.3x15.4x2.8x
Fri, 28 Feb 2025₹92.3t₹34.0t₹6.3t19.8x14.7x2.7x
Sun, 26 Jan 2025₹93.8t₹33.9t₹6.1t21.7x15.3x2.8x
Tue, 24 Dec 2024₹99.4t₹34.4t₹6.1t23.5x16.3x2.9x
Thu, 21 Nov 2024₹97.6t₹34.4t₹6.1t22.2x16x2.8x
Sat, 19 Oct 2024₹101.8t₹33.3t₹5.9t24.2x17.2x3.1x
Mon, 16 Sep 2024₹103.1t₹33.2t₹5.9t23.8x17.5x3.1x
Wed, 14 Aug 2024₹96.8t₹33.2t₹5.9t23.7x16.5x2.9x
Fri, 12 Jul 2024₹101.1t₹31.9t₹5.6t23.4x18.1x3.2x
Sun, 09 Jun 2024₹95.6t₹32.0t₹5.6t20.8x17.1x3x
Tue, 07 May 2024₹93.5t₹31.0t₹5.5t22.4x17.1x3x
Thu, 04 Apr 2024₹92.7t₹29.7t₹5.2t21.9x18x3.1x
Sat, 02 Mar 2024₹91.3t₹29.7t₹5.2t22.4x17.7x3.1x
Mon, 29 Jan 2024₹91.1t₹30.3t₹5.5t22.4x16.6x3x
Wed, 27 Dec 2023₹89.5t₹29.3t₹5.3t21.1x16.9x3.1x
Fri, 24 Nov 2023₹82.5t₹29.5t₹5.4t20.7x15.4x2.8x
Sun, 22 Oct 2023₹81.9t₹28.9t₹5.2t21.6x15.9x2.8x
Tue, 19 Sep 2023₹83.5t₹28.5t₹5.0t21.8x16.6x2.9x
Thu, 17 Aug 2023₹77.1t₹28.5t₹5.0t19.9x15.4x2.7x
Sat, 15 Jul 2023₹76.9t₹26.5t₹4.6t23.7x16.6x2.9x
Price to Earnings Ratio

16.6x


Total Market Cap: ₹76.9tTotal Earnings: ₹4.6tTotal Revenue: ₹26.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Financials Sector Price to Earnings3Y Average 16.7x202420252026
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 16.7x.
  • 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 15% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market1.24%
Financials1.30%
Consumer Finance3.18%
Diversified Financial1.94%
Insurance1.03%
Banks1.00%
Mortgage Finance0%0
Capital Markets-0.46%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 26.4x.
    • Analysts are expecting annual earnings growth of 17.6%, which is higher than its past year's earnings growth of 6.8% per year.
  • Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 13.9x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 31% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 9.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HDFCBANK HDFC Bank₹829.303.9%
+₹482.8b
-17.1%PB2.2x
ICICIBANK ICICI Bank₹1.41k2.9%
+₹283.2b
-1.9%PB2.8x
BAJFINANCE Bajaj Finance₹1.04k3.8%
+₹234.2b
12.4%PE34x
BAJAJFINSV Bajaj Finserv₹1.89k5.9%
+₹167.5b
-6.6%PE30.7x
SBIN State Bank of India₹1.04k1.1%
+₹103.4b
27.7%PB1.6x

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