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Indian (NIFTY) Financials Sector Analysis
UpdatedNov 19, 2025
DataAggregated Company Financials
Companies635
- 7D1.1%
- 3M5.6%
- 1Y16.9%
- YTD14.3%
Over the last 7 days, the Financials industry has risen 1.1%, driven by gains in Billionbrains Garage Ventures and State Bank of India of 29% and 2.7%, respectively. In the last 12 months, the industry was up 17%. As for the next few years, earnings are expected to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Thu, 20 Nov 2025 | ₹112.0t | ₹26.0t | ₹6.0t | 25.2x | 18.6x | 4.3x |
| Sat, 18 Oct 2025 | ₹114.0t | ₹35.1t | ₹6.5t | 24.5x | 17.6x | 3.3x |
| Mon, 15 Sep 2025 | ₹108.0t | ₹35.1t | ₹6.4t | 22.9x | 16.8x | 3.1x |
| Wed, 13 Aug 2025 | ₹106.5t | ₹35.1t | ₹6.5t | 24.4x | 16.5x | 3x |
| Fri, 11 Jul 2025 | ₹110.2t | ₹34.2t | ₹6.4t | 25.4x | 17.3x | 3.2x |
| Sun, 08 Jun 2025 | ₹109.3t | ₹34.3t | ₹6.4t | 24.9x | 17.1x | 3.2x |
| Tue, 06 May 2025 | ₹102.4t | ₹34.3t | ₹6.3t | 20.2x | 16.2x | 3x |
| Thu, 03 Apr 2025 | ₹97.4t | ₹34.0t | ₹6.3t | 19.7x | 15.5x | 2.9x |
| Sat, 01 Mar 2025 | ₹90.8t | ₹34.0t | ₹6.3t | 19.4x | 14.5x | 2.7x |
| Mon, 27 Jan 2025 | ₹93.8t | ₹33.9t | ₹6.1t | 21.7x | 15.3x | 2.8x |
| Wed, 25 Dec 2024 | ₹99.1t | ₹34.4t | ₹6.1t | 23.4x | 16.2x | 2.9x |
| Fri, 22 Nov 2024 | ₹96.5t | ₹34.4t | ₹6.1t | 22x | 15.8x | 2.8x |
| Sun, 20 Oct 2024 | ₹101.8t | ₹33.4t | ₹5.9t | 24.2x | 17.2x | 3.1x |
| Tue, 17 Sep 2024 | ₹103.8t | ₹33.2t | ₹5.9t | 23.8x | 17.6x | 3.1x |
| Thu, 15 Aug 2024 | ₹96.6t | ₹33.2t | ₹5.9t | 22.8x | 16.5x | 2.9x |
| Sat, 13 Jul 2024 | ₹101.2t | ₹31.9t | ₹5.6t | 23.7x | 18.1x | 3.2x |
| Mon, 10 Jun 2024 | ₹95.6t | ₹32.0t | ₹5.6t | 20.8x | 17.1x | 3x |
| Wed, 08 May 2024 | ₹92.1t | ₹31.0t | ₹5.5t | 22.1x | 16.8x | 3x |
| Fri, 05 Apr 2024 | ₹93.0t | ₹29.7t | ₹5.2t | 22.1x | 18x | 3.1x |
| Sun, 03 Mar 2024 | ₹91.3t | ₹29.7t | ₹5.2t | 22.4x | 17.7x | 3.1x |
| Tue, 30 Jan 2024 | ₹92.5t | ₹30.3t | ₹5.5t | 22.5x | 16.8x | 3x |
| Thu, 28 Dec 2023 | ₹90.5t | ₹29.3t | ₹5.3t | 21.1x | 17.1x | 3.1x |
| Sat, 25 Nov 2023 | ₹83.0t | ₹29.5t | ₹5.4t | 20.5x | 15.5x | 2.8x |
| Mon, 23 Oct 2023 | ₹81.9t | ₹28.9t | ₹5.2t | 21.6x | 15.8x | 2.8x |
| Wed, 20 Sep 2023 | ₹83.5t | ₹28.5t | ₹5.0t | 21.7x | 16.6x | 2.9x |
| Fri, 18 Aug 2023 | ₹77.1t | ₹28.5t | ₹5.0t | 19.4x | 15.4x | 2.7x |
| Sun, 16 Jul 2023 | ₹76.9t | ₹26.5t | ₹4.6t | 23.7x | 16.6x | 2.9x |
| Tue, 13 Jun 2023 | ₹70.1t | ₹26.6t | ₹4.6t | 21.7x | 15.2x | 2.6x |
| Thu, 11 May 2023 | ₹68.2t | ₹26.3t | ₹4.4t | 20.4x | 15.6x | 2.6x |
| Sat, 08 Apr 2023 | ₹64.3t | ₹25.5t | ₹4.3t | 19.1x | 14.9x | 2.5x |
| Mon, 06 Mar 2023 | ₹64.7t | ₹25.4t | ₹4.3t | 19.3x | 15x | 2.5x |
| Wed, 01 Feb 2023 | ₹65.1t | ₹24.7t | ₹3.9t | 20.9x | 16.6x | 2.6x |
| Fri, 30 Dec 2022 | ₹68.4t | ₹24.2t | ₹3.8t | 21.1x | 18x | 2.8x |
| Sun, 27 Nov 2022 | ₹67.3t | ₹24.2t | ₹3.8t | 19.9x | 17.7x | 2.8x |
Price to Earnings Ratio
17.7x
Current Industry PE
- Investors are optimistic on the Indian Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.6x which is higher than its 3-year average PE of 16.5x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 2.4% 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 | 0.087% | |
| Financials | 1.11% | |
| Capital Markets | 2.39% | |
| Banks | 1.78% | |
| Consumer Finance | 0.27% | |
| Mortgage Finance | 0% | 0 |
| Diversified Financial | -0.20% | |
| Insurance | -0.59% | |
Industry PE
- Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 20.3x.
- Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings growth of 10.6% per year.
- Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 14.3x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| GROWW Billionbrains Garage Ventures | ₹169.89 | 29.4% +₹238.1b | n/a | PE56.2x | |
| SBIN State Bank of India | ₹982.75 | 2.7% +₹236.3b | 22.4% | PB1.6x | |
| ICICIBANK ICICI Bank | ₹1.38k | 1.8% +₹172.9b | 10.7% | PB2.9x | |
| MUTHOOTFIN Muthoot Finance | ₹3.70k | 11.3% +₹151.3b | 95.2% | PE20.3x | |
| 532215 Axis Bank | ₹1.27k | 3.8% +₹143.7b | 11.9% | PB2x |
