Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Financials Sector Analysis

UpdatedOct 01, 2025
DataAggregated Company Financials
Companies634
  • 7D-1.6%
  • 3M-2.8%
  • 1Y1.7%
  • YTD7.2%

Over the last 7 days, the Financials industry has dropped 1.9%, driven by ICICI Bank declining 3.3%. Meanwhile, Tata Investment actually outperformed within the industry, gaining 28% in the last week. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Oct 2025₹108.0t₹35.0t₹6.4t23.7x16.8x3.1x
Fri, 29 Aug 2025₹104.7t₹35.1t₹6.4t22.4x16.3x3x
Sun, 27 Jul 2025₹108.5t₹34.6t₹6.5t25.3x16.8x3.1x
Tue, 24 Jun 2025₹107.3t₹34.2t₹6.4t24.3x16.9x3.1x
Thu, 22 May 2025₹105.0t₹34.5t₹6.4t20.8x16.5x3x
Sat, 19 Apr 2025₹101.8t₹33.9t₹6.3t20.2x16.2x3x
Mon, 17 Mar 2025₹91.1t₹34.0t₹6.3t18.9x14.5x2.7x
Wed, 12 Feb 2025₹93.4t₹34.0t₹6.3t20.9x14.8x2.7x
Fri, 10 Jan 2025₹96.4t₹34.4t₹6.1t23.3x15.8x2.8x
Sun, 08 Dec 2024₹104.1t₹34.4t₹6.1t23.7x17.1x3x
Tue, 05 Nov 2024₹99.9t₹34.0t₹6.0t23.7x16.5x2.9x
Thu, 03 Oct 2024₹104.6t₹33.2t₹5.9t23.4x17.8x3.1x
Sat, 31 Aug 2024₹101.9t₹33.1t₹5.9t23.4x17.4x3.1x
Mon, 29 Jul 2024₹101.5t₹37.2t₹8.4t23.8x12.1x2.7x
Wed, 26 Jun 2024₹99.3t₹32.0t₹5.6t22.4x17.8x3.1x
Fri, 24 May 2024₹95.3t₹31.2t₹5.5t20.6x17.2x3.1x
Sun, 21 Apr 2024₹91.3t₹29.8t₹5.2t21.7x17.7x3.1x
Tue, 19 Mar 2024₹87.7t₹29.7t₹5.2t20.1x17x3x
Thu, 15 Feb 2024₹89.9t₹29.7t₹5.2t23.2x17.4x3x
Sat, 13 Jan 2024₹92.1t₹29.3t₹5.3t22.4x17.4x3.1x
Mon, 11 Dec 2023₹88.7t₹29.3t₹5.3t20.8x16.8x3x
Wed, 08 Nov 2023₹81.4t₹29.4t₹5.3t20.9x15.3x2.8x
Fri, 06 Oct 2023₹82.6t₹28.5t₹5.0t22.4x16.4x2.9x
Sun, 03 Sep 2023₹79.7t₹28.5t₹5.0t20.2x15.9x2.8x
Tue, 01 Aug 2023₹78.4t₹27.9t₹4.8t21.6x16.4x2.8x
Thu, 29 Jun 2023₹71.6t₹26.6t₹4.6t21.5x15.5x2.7x
Sat, 27 May 2023₹69.3t₹27.0t₹4.6t20x15.2x2.6x
Mon, 24 Apr 2023₹65.5t₹25.7t₹4.4t18.9x15x2.6x
Wed, 22 Mar 2023₹62.1t₹25.4t₹4.3t18.3x14.4x2.4x
Fri, 17 Feb 2023₹65.5t₹25.4t₹4.3t19.8x15.2x2.6x
Sun, 15 Jan 2023₹67.7t₹24.1t₹3.8t21.7x17.8x2.8x
Tue, 13 Dec 2022₹69.0t₹24.2t₹3.8t21.7x18.2x2.9x
Thu, 10 Nov 2022₹65.3t₹23.8t₹3.7t20.5x17.9x2.7x
Sat, 08 Oct 2022₹62.4t₹23.3t₹3.4t20.8x18.5x2.7x
Price to Earnings Ratio

18.5x


Total Market Cap: ₹62.4tTotal Earnings: ₹3.4tTotal Revenue: ₹23.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Financials Sector Price to Earnings3Y Average 16.5x202320242025
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 16.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 15% 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-2.68%
Financials-1.61%
Mortgage Finance0%0
Insurance-0.92%
Banks-1.08%
Consumer Finance-1.83%
Capital Markets-1.95%
Diversified Financial-3.43%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 22.1x.
    • Analysts are expecting annual earnings growth of 15.3%, which is higher than its past year's earnings growth of 2.7% per year.
  • Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 14.4x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 9.9% 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
501301 Tata Investment₹10.40k27.7%
+₹114.3b		52.6%PE160.8x
INDIANB Indian Bank₹750.708.0%
+₹74.9b		42.4%PB1.4x
BANKBARODA Bank of Baroda₹258.542.1%
+₹27.5b		3.9%PB0.9x
SAMMAANCAP Sammaan Capital₹160.8619.1%
+₹21.0b		-0.8%PB0.6x
NAM-INDIA Nippon Life India Asset Management₹868.353.6%
+₹19.4b		26.7%PE40.9x

Latest News

501301
₹10,403.55
Tata Investment
7D
27.7%
1Y
52.6%
NAM-INDIA
₹868.35
Nippon Life India Asset Management
7D
3.6%
1Y
26.7%
CANBK
₹123.71
Canara Bank
7D
1.5%
1Y
12.0%
HDFCBANK
₹951.00
HDFC Bank
7D
-0.6%
1Y
10.2%
ICICIBANK
₹1,348.00
ICICI Bank
7D
-3.3%
1Y
5.8%
LICI
₹900.35
Life Insurance Corporation of India
7D
0.3%
1Y
-10.0%

Digital Transformation And Bancassurance Will Harness India's Potential

Despite a notable decline in consensus revenue growth forecasts, Life Insurance Corporation of India’s significant improvement in net profit margin has supported a modest increase in the analyst price target from ₹1098 to ₹1110. What's in the News Government has approved an Offer for Sale (OFS) in Life Insurance Corporation of India (LIC) as part of its disinvestment strategy, aiming to gradually reduce its 96.5% stake and meet SEBI’s minimum public shareholding requirement of 10% by 2027.
BAJFINANCE
₹998.90
Bajaj Finance
7D
-2.6%
1Y
29.7%

India's Digital Transformation And Customer Base Will Unlock Value

With revenue growth forecasts and the discount rate both virtually unchanged, Bajaj Finance’s analyst price target saw only a slight upward adjustment to ₹988.70. What's in the News Mr. Anup Kumar Saha resigned as Managing Director and Director on the Board of Bajaj Finance, effective from the close of business hours on 21 July 2025, due to personal reasons.
BANKBARODA
₹258.54
Bank of Baroda
7D
2.1%
1Y
3.9%

Increasing Financial Penetration Will Boost India's Banking Prospects

Bank of Baroda’s consensus price target and discount rate both saw only marginal changes, signaling analyst expectations remain stable, with fair value edging up slightly to ₹273.82. What's in the News Board meeting scheduled to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, along with segment reporting.
500490
₹12,267.45
Bajaj Holdings & Investment
7D
-7.5%
1Y
15.7%
SBIN
₹872.45
State Bank of India
7D
0.2%
1Y
9.5%
INDIANB
₹750.70
Indian Bank
7D
8.0%
1Y
42.4%

Indian Bank (NSE:INDIANB) Ticks All The Boxes When It Comes To Earnings Growth

Sep 12
Indian Bank (NSE:INDIANB) Ticks All The Boxes When It Comes To Earnings Growth
500247
₹1,994.20
Kotak Mahindra Bank
7D
-2.6%
1Y
6.1%
BAJAJFINSV
₹2,006.40
Bajaj Finserv
7D
-3.7%
1Y
1.6%

Should You Be Adding Bajaj Finserv (NSE:BAJAJFINSV) To Your Watchlist Today?

Sep 08
Should You Be Adding Bajaj Finserv (NSE:BAJAJFINSV) To Your Watchlist Today?
532215
₹1,131.85
Axis Bank
7D
-3.3%
1Y
-7.7%

Digital Adoption And Expanding Rural Banking Will Fuel Future Success

With both the discount rate and future P/E estimates essentially unchanged, Axis Bank’s consensus analyst price target remains stable at ₹1329. What's in the News Board meeting scheduled to consider appointment of a whole time director and changes in senior management.
SAMMAANCAP
₹160.86
Sammaan Capital
7D
19.1%
1Y
-0.8%
JIOFIN
₹293.20
Jio Financial Services
7D
-6.2%
1Y
-16.5%