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Indian (NIFTY) Banks Industry Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies37
  • 7D1.0%
  • 3M12.7%
  • 1Y20.2%
  • YTD20.1%

In the last week, the Banks industry is up 1.0%, with Axis Bank up 2.7%. This takes the industry's 12 month performance to a gain of 20%. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the Indian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022₹36.2t₹8.1t₹2.1t13.3x17x4.4x
Sat, 29 Oct 2022₹33.5t₹8.0t₹2.0t14.6x16.6x4.2x
Mon, 26 Sep 2022₹32.2t₹7.8t₹1.9t14.6x16.9x4.1x
Wed, 24 Aug 2022₹31.3t₹7.8t₹1.9t14.2x16.5x4x
Fri, 22 Jul 2022₹29.5t₹7.6t₹1.8t13.6x16.5x3.9x
Sun, 19 Jun 2022₹26.6t₹7.6t₹1.8t12.5x15.1x3.5x
Tue, 17 May 2022₹27.5t₹7.9t₹1.7t13.9x15.7x3.5x
Thu, 14 Apr 2022₹30.7t₹7.3t₹1.5t14x20.3x4.2x
Sat, 12 Mar 2022₹28.3t₹7.3t₹1.5t12.9x18.7x3.9x
Mon, 07 Feb 2022₹31.8t₹7.1t₹1.4t14.5x22.2x4.5x
Wed, 05 Jan 2022₹30.2t₹7.0t₹1.3t15.9x22.7x4.3x
Fri, 03 Dec 2021₹30.0t₹7.0t₹1.3t15.8x22.5x4.3x
Sun, 31 Oct 2021₹31.8t₹6.8t₹1.3t17.9x23.8x4.7x
Tue, 28 Sep 2021₹30.6t₹6.6t₹1.3t17.9x24.2x4.6x
Thu, 26 Aug 2021₹28.5t₹6.6t₹1.3t17.5x22.6x4.3x
Fri, 02 Jul 2021₹28.6t₹6.6t₹1.3t19.9x22.7x4.3x
Mon, 05 Apr 2021₹26.8t₹6.3t₹1.2t22.7x23.2x4.3x
Thu, 07 Jan 2021₹24.9t₹5.7t₹956.6b24.5x26.1x4.4x
Wed, 30 Sep 2020₹17.1t₹5.3t₹792.4b16.9x21.6x3.2x
Sat, 04 Jul 2020₹16.6t₹5.0t₹673.6b16.1x24.7x3.3x
Tue, 07 Apr 2020₹14.3t₹4.9t₹671.5b13.4x21.3x2.9x
Fri, 10 Jan 2020₹23.8t₹5.1t₹665.6b23.1x35.8x4.7x
Price to Earnings Ratio

45.9x


Total Market Cap: ₹23.6tTotal Earnings: ₹514.8bTotal Revenue: ₹4.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Banks Industry Price to Earnings3Y Average 23.1x202020212022
Current Industry PE
  • Investors are pessimistic on the Indian Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 17.0x which is lower than its 3-year average PE of 23.1x.
  • The industry is trading close to its 3-year average PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 60% per year over the last three years.
  • Revenues for these companies have grown 20% 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 industry?

IN Market2.49%
Financials1.72%
Banks1.01%
Regional Banks5.52%
Diversified Banks0.89%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 23.0x.
    • Analysts are expecting annual earnings growth of 16.9%, which is lower than the prior year's growth of 43.7% per year.
  • Investors are most pessimistic about the Regional Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.7x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 17% 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
532215 Axis Bank₹903.002.7%
+₹73.9b
33.6%PB2.2x
500116 IDBI Bank₹53.158.6%
+₹45.2b
12.7%PB1.3x
BANDHANBNK Bandhan Bank₹235.5010.8%
+₹37.0b
-15.5%PB2.1x
532477 Union Bank of India₹81.503.7%
+₹19.8b
76.2%PB0.7x
532388 Indian Overseas Bank₹22.753.2%
+₹13.2b
8.6%PB1.8x
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Latest News

ICICIBANK

₹940.20

ICICI Bank

7D

0.1%

1Y

30.2%

500116

₹53.15

IDBI Bank

7D

8.6%

1Y

12.7%

SBIN

₹608.10

State Bank of India

7D

-0.2%

1Y

27.5%

532149

₹83.10

Bank of India

7D

2.3%

1Y

52.9%

FINOPB

₹240.45

Fino Payments Bank

7D

-8.3%

1Y

-43.5%

532505

₹20.30

UCO Bank

7D

-0.7%

1Y

55.1%

HDFCBANK

₹1,619.50

HDFC Bank

7D

-0.3%

1Y

6.1%

KARURVYSYA

₹99.95

Karur Vysya Bank

7D

-2.7%

1Y

99.7%

532477

₹81.50

Union Bank of India

7D

3.7%

1Y

76.2%

532483

₹320.90

Canara Bank

7D

-2.3%

1Y

54.9%

500247

₹1,934.15

Kotak Mahindra Bank

7D

-0.7%

1Y

-1.5%

FEDERALBNK

₹132.70

Federal Bank

7D

-0.5%

1Y

49.3%

BANDHANBNK

₹235.50

Bandhan Bank

7D

10.8%

1Y

-15.5%

532388

₹22.75

Indian Overseas Bank

7D

3.2%

1Y

8.6%

532215

₹903.00

Axis Bank

7D

2.7%

1Y

33.6%

539437

₹58.75

IDFC First Bank

7D

3.4%

1Y

25.1%