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Indian (NIFTY) Banks Industry Analysis

UpdatedOct 03, 2023
DataAggregated Company Financials
Companies38
  • 7D0.3%
  • 3M2.9%
  • 1Y22.1%
  • YTD5.0%

Over the last 7 days, the Banks industry has remained flat. As for the the longer term, the industry is up 22% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Oct 2023₹42.5t₹10.3t₹2.8t13.6x15.1x4.1x
Thu, 31 Aug 2023₹40.9t₹10.3t₹2.8t13x14.5x4x
Sat, 29 Jul 2023₹41.7t₹10.0t₹2.7t13.7x15.7x4.2x
Mon, 26 Jun 2023₹36.3t₹9.5t₹2.5t10.9x14.5x3.8x
Wed, 24 May 2023₹36.6t₹9.8t₹2.5t12.5x14.7x3.7x
Fri, 21 Apr 2023₹35.5t₹8.7t₹2.4t11x15.1x4.1x
Sun, 19 Mar 2023₹33.3t₹8.6t₹2.3t10.6x14.2x3.9x
Tue, 14 Feb 2023₹34.8t₹8.6t₹2.3t11.9x14.9x4x
Thu, 12 Jan 2023₹36.1t₹8.1t₹2.1t14.5x17x4.4x
Sat, 10 Dec 2022₹37.0t₹8.1t₹2.1t14.3x17.4x4.5x
Mon, 07 Nov 2022₹34.1t₹8.1t₹2.1t13.5x16.1x4.2x
Wed, 05 Oct 2022₹31.8t₹7.8t₹1.9t14.1x16.7x4.1x
Fri, 02 Sep 2022₹32.0t₹7.8t₹1.9t14.5x16.9x4.1x
Sun, 31 Jul 2022₹30.4t₹7.7t₹1.9t13.3x16.2x3.9x
Tue, 28 Jun 2022₹27.5t₹7.6t₹1.8t13.3x15.6x3.6x
Thu, 26 May 2022₹27.9t₹7.9t₹1.8t13.6x15.9x3.5x
Sat, 23 Apr 2022₹29.5t₹7.4t₹1.5t13.6x19.2x4x
Mon, 21 Mar 2022₹29.7t₹7.3t₹1.5t13x19.6x4.1x
Wed, 16 Feb 2022₹31.1t₹7.3t₹1.5t14x20.5x4.3x
Fri, 14 Jan 2022₹31.4t₹7.0t₹1.3t15.9x23.6x4.5x
Sun, 12 Dec 2021₹30.7t₹7.0t₹1.3t17.1x23.1x4.4x
Tue, 09 Nov 2021₹32.4t₹6.9t₹1.3t17x24.4x4.7x
Thu, 07 Oct 2021₹30.4t₹6.6t₹1.3t19.2x24.1x4.6x
Sat, 04 Sep 2021₹29.5t₹6.6t₹1.3t17.9x23.4x4.4x
Mon, 02 Aug 2021₹28.2t₹6.6t₹1.3t18.3x22.4x4.2x
Thu, 06 May 2021₹26.2t₹6.3t₹1.2t21.6x22.7x4.2x
Sun, 07 Feb 2021₹24.2t₹5.7t₹956.6b23.2x25.3x4.3x
Sat, 31 Oct 2020₹18.8t₹5.3t₹792.4b17.1x23.8x3.5x
Price to Earnings Ratio

21.6x


Total Market Cap: ₹17.1tTotal Earnings: ₹792.4bTotal Revenue: ₹5.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Banks Industry Price to Earnings3Y Average 19.9x202120222023
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 15.1x which is lower than its 3-year average PE of 19.9x.
  • The industry is trading close to its 3-year average PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 53% per year over the last three years.
  • Revenues for these companies have grown 25% 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 Market0.25%
Financials0.48%
Banks0.32%
Diversified Banks0.36%
Regional Banks-1.07%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 1.6x.
    • Analysts are expecting annual earnings growth of 22.6%, which is lower than the prior year's growth of 217.4% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 19.6x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 23% over the next 5 years.
  • However this is lower than its past earnings growth rate of 217% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 13% 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
UNIONBANK Union Bank of India₹112.1012.4%
+₹91.9b
151.6%PB1x
532215 Axis Bank₹1.04k2.2%
+₹69.8b
39.5%PB2.3x
IOB Indian Overseas Bank₹48.406.6%
+₹56.7b
174.2%PB3.6x
SBIN State Bank of India₹598.550.7%
+₹37.0b
12.4%PB1.4x
ICICIBANK ICICI Bank₹951.900.3%
+₹22.4b
9.7%PB2.9x
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Latest News

AUBANK

₹713.50

AU Small Finance Bank

7D

-4.9%

1Y

17.4%

SBIN

₹598.55

State Bank of India

7D

0.7%

1Y

12.4%

HDFCBANK

₹1,508.05

HDFC Bank

7D

-1.9%

1Y

3.8%

MAHABANK

₹49.50

Bank of Maharashtra

7D

6.3%

1Y

175.0%

UNIONBANK

₹112.10

Union Bank of India

7D

12.4%

1Y

151.6%

YESBANK

₹17.25

Yes Bank

7D

-0.6%

1Y

6.5%

ICICIBANK

₹951.90

ICICI Bank

7D

0.3%

1Y

9.7%

500247

₹1,735.70

Kotak Mahindra Bank

7D

-1.5%

1Y

-4.8%

UCOBANK

₹43.55

UCO Bank

7D

3.3%

1Y

267.5%

IOB

₹48.40

Indian Overseas Bank

7D

6.6%

1Y

174.2%

J&KBANK

₹105.35

Jammu and Kashmir Bank

7D

-1.4%

1Y

271.0%

KARURVYSYA

₹133.80

Karur Vysya Bank

7D

-1.7%

1Y

65.4%

532215

₹1,036.75

Axis Bank

7D

2.2%

1Y

39.5%

CUB

₹126.70

City Union Bank

7D

-1.6%

1Y

-26.7%

BANDHANBNK

₹251.60

Bandhan Bank

7D

-0.4%

1Y

-6.8%