Narrative Update • Jun 26

In the last week, the Financials industry is up 1.4%, with HDFC Bank up 3.9%. In the same time, Bank of Baroda was down 9.0%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 14% per annum.
Has the Indian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 07 Jul 2026 | ₹117.6t | ₹38.0t | ₹7.1t | 24.5x | 16.6x | 3.1x |
| Thu, 04 Jun 2026 | ₹109.0t | ₹38.1t | ₹7.1t | 21.9x | 15.3x | 2.9x |
| Sat, 02 May 2026 | ₹112.2t | ₹37.2t | ₹6.9t | 21.9x | 16.2x | 3x |
| Mon, 30 Mar 2026 | ₹104.3t | ₹37.0t | ₹6.8t | 19.3x | 15.3x | 2.8x |
| Wed, 25 Feb 2026 | ₹120.8t | ₹37.0t | ₹6.8t | 21.2x | 17.8x | 3.3x |
| Fri, 23 Jan 2026 | ₹116.7t | ₹35.8t | ₹6.7t | 22.6x | 17.5x | 3.3x |
| Sun, 21 Dec 2025 | ₹117.3t | ₹35.2t | ₹6.6t | 23.2x | 17.8x | 3.3x |
| Tue, 18 Nov 2025 | ₹112.4t | ₹26.0t | ₹6.0t | 25.5x | 18.7x | 4.3x |
| Thu, 16 Oct 2025 | ₹113.5t | ₹35.0t | ₹6.5t | 24.8x | 17.5x | 3.2x |
| Sat, 13 Sep 2025 | ₹108.0t | ₹35.1t | ₹6.4t | 22.9x | 16.8x | 3.1x |
| Mon, 11 Aug 2025 | ₹106.3t | ₹35.0t | ₹6.5t | 24.7x | 16.5x | 3x |
| Wed, 09 Jul 2025 | ₹110.3t | ₹34.2t | ₹6.4t | 25.1x | 17.3x | 3.2x |
| Fri, 06 Jun 2025 | ₹107.4t | ₹34.4t | ₹6.4t | 24.4x | 16.8x | 3.1x |
| Sun, 04 May 2025 | ₹101.9t | ₹34.3t | ₹6.3t | 20.2x | 16.1x | 3x |
| Tue, 01 Apr 2025 | ₹98.1t | ₹34.0t | ₹6.3t | 19.4x | 15.6x | 2.9x |
| Thu, 27 Feb 2025 | ₹92.3t | ₹34.0t | ₹6.3t | 19.9x | 14.7x | 2.7x |
| Sat, 25 Jan 2025 | ₹93.8t | ₹33.9t | ₹6.1t | 21.7x | 15.3x | 2.8x |
| Mon, 23 Dec 2024 | ₹99.0t | ₹34.4t | ₹6.1t | 23.5x | 16.2x | 2.9x |
| Wed, 20 Nov 2024 | ₹97.6t | ₹34.4t | ₹6.1t | 22.2x | 16x | 2.8x |
| Fri, 18 Oct 2024 | ₹100.9t | ₹33.3t | ₹5.9t | 24.2x | 17.1x | 3x |
| Sun, 15 Sep 2024 | ₹103.1t | ₹33.2t | ₹5.9t | 23.8x | 17.5x | 3.1x |
| Tue, 13 Aug 2024 | ₹98.6t | ₹33.2t | ₹5.9t | 23.8x | 16.8x | 3x |
| Thu, 11 Jul 2024 | ₹100.8t | ₹31.9t | ₹5.6t | 23x | 18.1x | 3.2x |
| Sat, 08 Jun 2024 | ₹94.8t | ₹32.1t | ₹5.6t | 20.8x | 17x | 3x |
| Mon, 06 May 2024 | ₹94.9t | ₹31.0t | ₹5.5t | 22.6x | 17.3x | 3.1x |
| Wed, 03 Apr 2024 | ₹92.0t | ₹29.7t | ₹5.2t | 21.6x | 17.8x | 3.1x |
| Fri, 01 Mar 2024 | ₹89.8t | ₹29.7t | ₹5.2t | 22.2x | 17.4x | 3x |
| Sun, 28 Jan 2024 | ₹91.1t | ₹30.3t | ₹5.5t | 22.4x | 16.6x | 3x |
| Tue, 26 Dec 2023 | ₹89.6t | ₹29.3t | ₹5.3t | 21.2x | 16.9x | 3.1x |
| Thu, 23 Nov 2023 | ₹82.4t | ₹29.5t | ₹5.4t | 20.3x | 15.4x | 2.8x |
| Sat, 21 Oct 2023 | ₹81.9t | ₹28.9t | ₹5.1t | 21.7x | 16x | 2.8x |
| Mon, 18 Sep 2023 | ₹83.3t | ₹28.5t | ₹5.0t | 21.9x | 16.6x | 2.9x |
| Wed, 16 Aug 2023 | ₹77.2t | ₹28.5t | ₹5.0t | 19.9x | 15.4x | 2.7x |
| Fri, 14 Jul 2023 | ₹73.5t | ₹26.5t | ₹4.6t | 23.6x | 15.9x | 2.8x |
15.9x
Which industries have driven the changes within the Indian Financials sector?
| IN Market | 1.76% | |
| Financials | 1.39% | |
| Consumer Finance | 3.92% | |
| Diversified Financial | 2.92% | |
| Capital Markets | 1.15% | |
| Banks | 0.66% | |
| Mortgage Finance | 0% | 0 |
| Insurance | -0.49% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HDFCBANK HDFC Bank | ₹829.30 | 3.9% +₹482.8b | -17.1% | PB2.2x | |
| ICICIBANK ICICI Bank | ₹1.41k | 2.9% +₹283.2b | -1.9% | PB2.8x | |
| BAJFINANCE Bajaj Finance | ₹1.04k | 3.8% +₹234.2b | 12.4% | PE34x | |
| BAJAJFINSV Bajaj Finserv | ₹1.89k | 5.9% +₹167.5b | -6.6% | PE30.7x | |
| SBIN State Bank of India | ₹1.04k | 1.1% +₹103.4b | 27.7% | PB1.6x |