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Indian (NIFTY) Banks Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies41
- 7D-5.4%
- 3M-4.3%
- 1Y8.7%
- YTD6.8%
Over the last 7 days, the Banks industry has dropped 3.4%, driven by HDFC Bank declining 5.4%. Over the past 12 months, the industry was up 9.8%. Looking forward, earnings are forecast to grow by 8.3% annually.
Industry Valuation and Performance
Has the Indian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | ₹49.7t | ₹14.1t | ₹3.8t | 9.9x | 13.2x | 3.5x |
| Mon, 18 Nov 2024 | ₹48.8t | ₹14.1t | ₹3.8t | 9.7x | 12.9x | 3.5x |
| Wed, 16 Oct 2024 | ₹50.2t | ₹13.7t | ₹3.6t | 10.6x | 13.9x | 3.7x |
| Fri, 13 Sep 2024 | ₹50.3t | ₹13.7t | ₹3.6t | 10.4x | 13.9x | 3.7x |
| Sun, 11 Aug 2024 | ₹50.1t | ₹13.7t | ₹3.6t | 10.8x | 13.9x | 3.6x |
| Tue, 09 Jul 2024 | ₹51.6t | ₹13.0t | ₹3.4t | 12.2x | 15x | 4x |
| Thu, 06 Jun 2024 | ₹48.8t | ₹13.2t | ₹3.5t | 11.5x | 14.1x | 3.7x |
| Sat, 04 May 2024 | ₹49.6t | ₹12.7t | ₹3.4t | 11.9x | 14.6x | 3.9x |
| Mon, 01 Apr 2024 | ₹47.2t | ₹11.9t | ₹3.2t | 11x | 14.9x | 4x |
| Wed, 28 Feb 2024 | ₹47.0t | ₹11.9t | ₹3.2t | 11.5x | 14.9x | 4x |
| Fri, 26 Jan 2024 | ₹43.9t | ₹11.7t | ₹3.2t | 11.6x | 13.9x | 3.8x |
| Sun, 24 Dec 2023 | ₹45.2t | ₹11.1t | ₹3.0t | 11.9x | 14.9x | 4.1x |
| Tue, 21 Nov 2023 | ₹41.4t | ₹11.1t | ₹3.0t | 11.7x | 13.6x | 3.7x |
| Thu, 19 Oct 2023 | ₹41.7t | ₹10.7t | ₹2.9t | 14x | 14.5x | 3.9x |
| Sat, 16 Sep 2023 | ₹43.1t | ₹10.3t | ₹2.8t | 13.1x | 15.3x | 4.2x |
| Mon, 14 Aug 2023 | ₹40.9t | ₹10.3t | ₹2.8t | 13.1x | 14.5x | 4x |
| Wed, 12 Jul 2023 | ₹37.6t | ₹9.5t | ₹2.5t | 12.6x | 15.1x | 4x |
| Fri, 09 Jun 2023 | ₹36.8t | ₹9.6t | ₹2.5t | 11.3x | 14.7x | 3.8x |
| Sun, 07 May 2023 | ₹36.2t | ₹9.1t | ₹2.3t | 11.2x | 15.5x | 4x |
| Tue, 04 Apr 2023 | ₹34.2t | ₹8.6t | ₹2.3t | 10.6x | 14.6x | 4x |
| Thu, 02 Mar 2023 | ₹34.3t | ₹8.6t | ₹2.3t | 11.9x | 14.7x | 4x |
| Sat, 28 Jan 2023 | ₹34.2t | ₹8.4t | ₹2.3t | 12.1x | 15.2x | 4.1x |
| Mon, 26 Dec 2022 | ₹35.1t | ₹8.1t | ₹2.1t | 13.4x | 16.5x | 4.3x |
| Wed, 23 Nov 2022 | ₹35.6t | ₹8.1t | ₹2.1t | 13x | 16.7x | 4.4x |
| Fri, 21 Oct 2022 | ₹32.7t | ₹7.9t | ₹1.9t | 15.2x | 17x | 4.1x |
| Sun, 18 Sep 2022 | ₹33.2t | ₹7.8t | ₹1.9t | 14.9x | 17.4x | 4.2x |
| Tue, 16 Aug 2022 | ₹31.5t | ₹7.8t | ₹1.9t | 14x | 16.7x | 4x |
| Thu, 14 Jul 2022 | ₹28.5t | ₹7.5t | ₹1.8t | 13.2x | 16.2x | 3.8x |
| Sat, 11 Jun 2022 | ₹28.1t | ₹7.6t | ₹1.8t | 13.3x | 16x | 3.7x |
| Mon, 09 May 2022 | ₹28.3t | ₹7.6t | ₹1.7t | 13.8x | 17.1x | 3.7x |
| Wed, 06 Apr 2022 | ₹31.1t | ₹7.3t | ₹1.5t | 13.7x | 20.6x | 4.3x |
| Fri, 04 Mar 2022 | ₹28.5t | ₹7.3t | ₹1.5t | 12.8x | 18.8x | 3.9x |
| Sun, 30 Jan 2022 | ₹30.9t | ₹7.1t | ₹1.4t | 14.6x | 22x | 4.4x |
| Tue, 28 Dec 2021 | ₹28.8t | ₹7.0t | ₹1.3t | 14.6x | 21.6x | 4.1x |
Price to Earnings Ratio
21.6x
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 13.4x which is lower than its 3-year average PE of 15.8x.
- The industry is trading close to its 3-year average PS ratio of 4.0x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 42% per year over the last three years.
- Revenues for these companies have grown 26% 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 Market | -4.25% | |
| Financials | -4.83% | |
| Banks | -5.41% | |
| Diversified Banks | -5.39% | |
| Regional Banks | -6.41% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 15.6x.
- Analysts are expecting annual earnings growth of 8.1%, which is lower than the prior year's growth of 17.9% 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 3.1x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings growth rate of 2.7% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 8.1% 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 | |
|---|---|---|---|---|---|
| 532180 Dhanlaxmi Bank | ₹41.76 | 4.8% +₹480.7m | 40.9% | PB1x | |
| CSBBANK CSB Bank | ₹312.30 | 0.5% +₹277.6m | -21.3% | PB1.3x |