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Indian (NIFTY) Financials Sector Analysis

UpdatedNov 10, 2025
DataAggregated Company Financials
Companies637
  • 7D0.6%
  • 3M6.0%
  • 1Y12.0%
  • YTD12.6%

The Financials is pretty flat in the last 7 days, but Life Insurance Corporation of India has stood out, gaining 3.3%. As for the the longer term, the industry is up 12% over the past 12 months. 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
Mon, 10 Nov 2025₹115.5t₹34.8t₹6.5t24.8x17.8x3.3x
Wed, 08 Oct 2025₹110.5t₹35.0t₹6.4t24.4x17.2x3.2x
Fri, 05 Sep 2025₹105.8t₹35.1t₹6.4t22.5x16.5x3x
Sun, 03 Aug 2025₹106.2t₹34.7t₹6.4t25.2x16.6x3.1x
Tue, 01 Jul 2025₹110.8t₹34.2t₹6.4t25.4x17.4x3.2x
Thu, 29 May 2025₹106.4t₹34.5t₹6.4t22x16.6x3.1x
Sat, 26 Apr 2025₹102.1t₹34.1t₹6.1t20.3x16.8x3x
Mon, 24 Mar 2025₹97.1t₹34.0t₹6.3t19.7x15.4x2.9x
Wed, 19 Feb 2025₹92.4t₹34.0t₹6.3t19.5x14.7x2.7x
Fri, 17 Jan 2025₹96.1t₹34.3t₹6.1t23.3x15.8x2.8x
Sun, 15 Dec 2024₹104.0t₹34.4t₹6.1t24x17x3x
Tue, 12 Nov 2024₹100.3t₹34.0t₹6.1t23.7x16.5x2.9x
Thu, 10 Oct 2024₹101.4t₹33.2t₹5.9t23x17.2x3.1x
Sat, 07 Sep 2024₹101.1t₹33.1t₹5.9t23.5x17.2x3.1x
Mon, 05 Aug 2024₹101.4t₹32.9t₹5.8t24.7x17.5x3.1x
Wed, 03 Jul 2024₹98.9t₹31.9t₹5.6t22.4x17.7x3.1x
Fri, 31 May 2024₹93.6t₹32.1t₹5.6t20.6x16.8x2.9x
Sun, 28 Apr 2024₹93.6t₹30.6t₹5.4t22.4x17.4x3.1x
Tue, 26 Mar 2024₹88.6t₹29.7t₹5.2t21.1x17.2x3x
Thu, 22 Feb 2024₹91.0t₹29.7t₹5.2t22.4x17.7x3.1x
Sat, 20 Jan 2024₹91.7t₹29.9t₹5.4t22.8x17.1x3.1x
Mon, 18 Dec 2023₹91.0t₹29.3t₹5.3t21.4x17.2x3.1x
Wed, 15 Nov 2023₹82.4t₹29.5t₹5.4t20.4x15.4x2.8x
Fri, 13 Oct 2023₹82.9t₹28.5t₹5.0t22x16.5x2.9x
Sun, 10 Sep 2023₹82.0t₹28.5t₹5.0t21.8x16.3x2.9x
Tue, 08 Aug 2023₹77.8t₹28.2t₹4.9t21.7x15.7x2.8x
Thu, 06 Jul 2023₹74.1t₹26.6t₹4.6t22.7x16x2.8x
Sat, 03 Jun 2023₹69.8t₹26.9t₹4.6t21.1x15.1x2.6x
Mon, 01 May 2023₹67.4t₹25.3t₹4.3t19.8x15.6x2.7x
Wed, 29 Mar 2023₹61.3t₹25.5t₹4.3t17.8x14.3x2.4x
Fri, 24 Feb 2023₹63.2t₹25.4t₹4.3t19.7x14.6x2.5x
Sun, 22 Jan 2023₹67.5t₹24.2t₹3.8t21.7x17.7x2.8x
Tue, 20 Dec 2022₹69.9t₹24.2t₹3.8t21.9x18.4x2.9x
Thu, 17 Nov 2022₹66.3t₹24.2t₹3.8t20.3x17.5x2.7x
Price to Earnings Ratio

17.5x


Total Market Cap: ₹66.3tTotal Earnings: ₹3.8tTotal Revenue: ₹24.2tTotal 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 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 20% 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 Market-0.98%
Financials0.63%
Insurance2.40%
Consumer Finance1.42%
Banks0.34%
Capital Markets0.13%
Mortgage Finance0%0
Diversified Financial-0.34%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 22.6x.
    • Analysts are expecting annual earnings growth of 17.7%, which is higher than its past year's earnings growth of 0.09% 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?

CompanyLast Price7D1YValuation
SBIN State Bank of India₹955.852.0%
+₹174.0b		13.4%PB1.5x
BAJFINANCE Bajaj Finance₹1.07k2.3%
+₹147.8b		54.7%PE38x
BSE BSE₹2.68k8.0%
+₹82.1b		71.2%PE69.6x
LTF L&T Finance₹303.608.5%
+₹59.3b		116.6%PE27.9x
BANKBARODA Bank of Baroda₹289.053.8%
+₹55.1b		12.6%PB0.9x

Latest News

CHOLAHLDNG
₹1,884.10
Cholamandalam Financial Holdings
7D
-6.1%
1Y
16.0%
BAJFINANCE
₹1,066.60
Bajaj Finance
7D
2.3%
1Y
54.7%

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PFC
₹380.25
Power Finance
7D
-5.7%
1Y
-15.4%
LTF
₹303.60
L&T Finance
7D
8.5%
1Y
116.6%

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Nov 08
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511218
₹816.35
Shriram Finance
7D
2.5%
1Y
36.0%
BSE
₹2,678.30
BSE
7D
8.0%
1Y
71.2%

BSE: Future Performance Will Remain Balanced Amid Recent Metric Adjustments

Narrative Update: Analyst Price Target Adjustment for BSE Analysts have marginally lowered their price target for BSE, with slight decreases in discount rate and projected future price-to-earnings ratio driving the revision to ₹2,610.36. Valuation Changes Fair Value remains unchanged at ₹2,610.36.
SBIN
₹955.85
State Bank of India
7D
2.0%
1Y
13.4%

SBIN: Financial Metrics Will Remain Stable Ahead Of Upcoming Board Meeting

Analysts have maintained the price target for State Bank of India at ₹953.6, citing stable projections in key financial metrics and supportive market conditions for the outlook. What's in the News The board of State Bank of India is scheduled to meet on November 4, 2025, to consider financial results for the quarter ended September 30, 2025 (Key Developments) Valuation Changes Consensus Analyst Price Target remains unchanged at ₹953.6. Discount Rate has decreased slightly from 15.05% to 14.76%.
CANBK
₹140.67
Canara Bank
7D
2.7%
1Y
35.7%

CANBK: Financial Results Update And Lower Discount Rate Will Guide Outlook

Narrative Update: Canara Bank Analyst Price Target Raised Analysts have increased their price target for Canara Bank from ₹126.19 to ₹144.76, citing improvements in projected revenue growth and profit margins. What's in the News Canara Bank's Board Meeting is scheduled for October 30, 2025, at 10:00 Indian Standard Time (Key Developments) The agenda includes approval of unaudited standalone and consolidated financial results for the second quarter and half year ending September 30, 2025 (Key Developments) Disclosure of related party transactions on a consolidated basis for the half-year will be considered (Key Developments) The Security Cover Certificate as of September 30, 2025, is on the agenda, along with the Statement of Cash Flow for the half-year (Key Developments) Valuation Changes Consensus Analyst Price Target has increased from ₹126.19 to ₹144.76.
RECLTD
₹364.95
REC
7D
-2.6%
1Y
-29.1%

RECLTD: Upcoming Board Actions And Dividend Consideration Will Drive Investor Attention

Analysts have slightly lowered their price target for REC from $506.14 to $496.50, noting modest changes in the company's risk assumptions and profitability outlook. What's in the News Board meeting scheduled on October 17, 2025, to review unaudited financial results for the quarter and half-year ending September 30, 2025.
BANKBARODA
₹289.05
Bank of Baroda
7D
3.8%
1Y
12.6%
ABCAPITAL
₹338.10
Aditya Birla Capital
7D
4.3%
1Y
68.1%
532215
₹1,223.25
Axis Bank
7D
-0.8%
1Y
5.3%

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Analysts have revised their price target for Axis Bank upwards from ₹1,342.95 to ₹1,353.90. They cited modest improvements in projected revenue growth and profit margin estimates as the reason for this adjustment.
500247
₹2,089.15
Kotak Mahindra Bank
7D
-0.6%
1Y
19.6%

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Analysts have raised their price target for Kotak Mahindra Bank from ₹2,314.03 to ₹2,352.31. They cite improved profit margins and expectations for slightly better revenue growth, despite a small uptick in the discount rate.
HDFCBANK
₹982.30
HDFC Bank
7D
-0.5%
1Y
12.0%
JIOFIN
₹299.30
Jio Financial Services
7D
-2.4%
1Y
-5.3%
IRFC
₹121.36
Indian Railway Finance
7D
-1.4%
1Y
-17.7%

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