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Indian (NIFTY) Financials Sector Analysis
UpdatedJan 16, 2026
DataAggregated Company Financials
Companies634
- 7D-0.3%
- 3M1.0%
- 1Y16.5%
- YTD-0.5%
Over the last 7 days, the Financials industry has remained flat, although notably State Bank of India gained 3.0%. As for the the longer term, the industry is up 16% over the past 12 months. Earnings are forecast to grow by 15% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 16 Jan 2026 | ₹118.3t | ₹35.2t | ₹6.6t | 24.2x | 17.9x | 3.4x |
| Sun, 14 Dec 2025 | ₹116.6t | ₹35.1t | ₹6.6t | 23.3x | 17.7x | 3.3x |
| Tue, 11 Nov 2025 | ₹115.6t | ₹34.8t | ₹6.5t | 24.5x | 17.8x | 3.3x |
| Thu, 09 Oct 2025 | ₹109.8t | ₹35.0t | ₹6.4t | 24.2x | 17.1x | 3.1x |
| Sat, 06 Sep 2025 | ₹106.1t | ₹35.1t | ₹6.4t | 22.8x | 16.5x | 3x |
| Mon, 04 Aug 2025 | ₹106.2t | ₹34.7t | ₹6.4t | 24.9x | 16.6x | 3.1x |
| Wed, 02 Jul 2025 | ₹110.8t | ₹34.2t | ₹6.4t | 25.4x | 17.4x | 3.2x |
| Fri, 30 May 2025 | ₹106.5t | ₹34.5t | ₹6.4t | 22x | 16.6x | 3.1x |
| Sun, 27 Apr 2025 | ₹102.1t | ₹34.3t | ₹6.3t | 20.1x | 16.2x | 3x |
| Tue, 25 Mar 2025 | ₹98.9t | ₹34.0t | ₹6.3t | 19.7x | 15.7x | 2.9x |
| Thu, 20 Feb 2025 | ₹92.4t | ₹34.0t | ₹6.3t | 19.5x | 14.7x | 2.7x |
| Sat, 18 Jan 2025 | ₹95.5t | ₹34.3t | ₹6.1t | 22.9x | 15.6x | 2.8x |
| Mon, 16 Dec 2024 | ₹104.0t | ₹34.4t | ₹6.1t | 24x | 17x | 3x |
| Wed, 13 Nov 2024 | ₹99.0t | ₹34.0t | ₹6.1t | 23.4x | 16.3x | 2.9x |
| Fri, 11 Oct 2024 | ₹101.7t | ₹33.2t | ₹5.9t | 23.4x | 17.2x | 3.1x |
| Sun, 08 Sep 2024 | ₹101.1t | ₹33.1t | ₹5.9t | 23.5x | 17.2x | 3.1x |
| Tue, 06 Aug 2024 | ₹97.8t | ₹32.9t | ₹5.8t | 23.5x | 16.9x | 3x |
| Thu, 04 Jul 2024 | ₹100.3t | ₹31.9t | ₹5.6t | 22.8x | 18x | 3.1x |
| Sat, 01 Jun 2024 | ₹94.3t | ₹32.1t | ₹5.6t | 20.5x | 16.9x | 2.9x |
| Mon, 29 Apr 2024 | ₹93.6t | ₹30.9t | ₹5.4t | 22.4x | 17.3x | 3x |
| Wed, 27 Mar 2024 | ₹88.5t | ₹29.7t | ₹5.2t | 20.7x | 17.1x | 3x |
| Fri, 23 Feb 2024 | ₹91.4t | ₹29.7t | ₹5.2t | 22.6x | 17.7x | 3.1x |
| Sun, 21 Jan 2024 | ₹91.7t | ₹29.9t | ₹5.4t | 22.8x | 17.1x | 3.1x |
| Tue, 19 Dec 2023 | ₹91.0t | ₹29.3t | ₹5.3t | 21.6x | 17.2x | 3.1x |
| Thu, 16 Nov 2023 | ₹83.0t | ₹29.5t | ₹5.4t | 20.7x | 15.5x | 2.8x |
| Sat, 14 Oct 2023 | ₹82.5t | ₹28.5t | ₹5.0t | 22.2x | 16.4x | 2.9x |
| Mon, 11 Sep 2023 | ₹82.0t | ₹28.5t | ₹5.0t | 21.7x | 16.3x | 2.9x |
| Wed, 09 Aug 2023 | ₹78.1t | ₹28.2t | ₹5.0t | 21.7x | 15.8x | 2.8x |
| Fri, 07 Jul 2023 | ₹74.2t | ₹26.6t | ₹4.6t | 22.8x | 16.1x | 2.8x |
| Sun, 04 Jun 2023 | ₹69.8t | ₹26.9t | ₹4.6t | 21.2x | 15.1x | 2.6x |
| Tue, 02 May 2023 | ₹67.4t | ₹26.0t | ₹4.3t | 19.8x | 15.6x | 2.6x |
| Thu, 30 Mar 2023 | ₹62.1t | ₹25.5t | ₹4.3t | 18.1x | 14.4x | 2.4x |
| Sat, 25 Feb 2023 | ₹62.9t | ₹25.4t | ₹4.3t | 19.5x | 14.6x | 2.5x |
| Mon, 23 Jan 2023 | ₹67.5t | ₹24.5t | ₹3.8t | 21.6x | 17.5x | 2.8x |
Price to Earnings Ratio
17.5x
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 3.0x is lower than the industry's current PS ratio of 3.4x.
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 | -0.86% | |
| Financials | -0.33% | |
| Capital Markets | 0.67% | |
| Banks | 0.34% | |
| Mortgage Finance | 0% | 0 |
| Diversified Financial | -1.04% | |
| Consumer Finance | -1.55% | |
| Insurance | -1.59% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 23.6x.
- Analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings decline of 4.5% per year.
- Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 14.2x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| SBIN State Bank of India | ₹1.04k | 4.2% +₹385.8b | 36.4% | PB1.7x | |
| ICICIAMC ICICI Prudential Asset Management | ₹2.94k | 10.2% +₹133.8b | n/a | PE45x | |
| PNB Punjab National Bank | ₹132.36 | 7.7% +₹108.7b | 32.2% | PB1.1x | |
| UNIONBANK Union Bank of India | ₹176.15 | 8.6% +₹106.0b | 62.1% | PB1x | |
| GROWW Billionbrains Garage Ventures | ₹173.23 | 9.0% +₹88.0b | n/a | PE62.7x |
