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Indian (NIFTY) Banks Industry Analysis
UpdatedSep 25, 2025
DataAggregated Company Financials
Companies41
- 7D-0.5%
- 3M-2.2%
- 1Y1.8%
- YTD7.0%
Over the last 7 days, the Banks industry has remained flat. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 9.8% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Sep 2025 | ₹53.8t | ₹14.9t | ₹3.9t | 11.7x | 13.7x | 3.6x |
| Sat, 23 Aug 2025 | ₹53.4t | ₹14.9t | ₹3.9t | 12x | 13.6x | 3.6x |
| Mon, 21 Jul 2025 | ₹54.1t | ₹14.3t | ₹3.8t | 13x | 14.3x | 3.8x |
| Wed, 18 Jun 2025 | ₹53.5t | ₹14.7t | ₹4.0t | 12.4x | 13.5x | 3.6x |
| Fri, 16 May 2025 | ₹53.1t | ₹14.9t | ₹4.0t | 11.2x | 13.2x | 3.6x |
| Sun, 13 Apr 2025 | ₹49.0t | ₹14.3t | ₹3.9t | 9.7x | 12.4x | 3.4x |
| Tue, 11 Mar 2025 | ₹46.6t | ₹14.3t | ₹3.9t | 9.7x | 11.9x | 3.3x |
| Thu, 06 Feb 2025 | ₹49.0t | ₹14.2t | ₹3.9t | 10.4x | 12.7x | 3.4x |
| Sat, 04 Jan 2025 | ₹49.7t | ₹14.1t | ₹3.8t | 10x | 13.2x | 3.5x |
| Mon, 02 Dec 2024 | ₹51.0t | ₹14.1t | ₹3.8t | 10.5x | 13.5x | 3.6x |
| Wed, 30 Oct 2024 | ₹50.9t | ₹14.0t | ₹3.7t | 9.9x | 13.6x | 3.6x |
| Fri, 27 Sep 2024 | ₹52.5t | ₹13.7t | ₹3.6t | 10.5x | 14.5x | 3.8x |
| Sun, 25 Aug 2024 | ₹50.4t | ₹13.7t | ₹3.6t | 10.9x | 13.9x | 3.7x |
| Tue, 23 Jul 2024 | ₹51.9t | ₹13.4t | ₹3.5t | 11.8x | 14.7x | 3.9x |
| Thu, 20 Jun 2024 | ₹51.4t | ₹13.1t | ₹3.4t | 11.8x | 14.9x | 3.9x |
| Sat, 18 May 2024 | ₹48.3t | ₹13.2t | ₹3.5t | 11.5x | 13.9x | 3.7x |
| Mon, 15 Apr 2024 | ₹48.8t | ₹11.9t | ₹3.2t | 12.2x | 15.4x | 4.1x |
| Wed, 13 Mar 2024 | ₹47.3t | ₹11.9t | ₹3.2t | 11.3x | 14.9x | 4x |
| Fri, 09 Feb 2024 | ₹46.4t | ₹11.9t | ₹3.2t | 12.7x | 14.7x | 3.9x |
| Sun, 07 Jan 2024 | ₹46.2t | ₹11.1t | ₹3.0t | 12.3x | 15.2x | 4.2x |
| Tue, 05 Dec 2023 | ₹43.9t | ₹11.1t | ₹3.0t | 12.1x | 14.4x | 4x |
| Thu, 02 Nov 2023 | ₹40.4t | ₹10.8t | ₹3.0t | 12x | 13.4x | 3.7x |
| Sat, 30 Sep 2023 | ₹42.5t | ₹10.3t | ₹2.8t | 13.6x | 15.1x | 4.1x |
| Mon, 28 Aug 2023 | ₹40.9t | ₹10.3t | ₹2.8t | 13.1x | 14.5x | 4x |
| Wed, 26 Jul 2023 | ₹42.0t | ₹9.9t | ₹2.6t | 13.4x | 16x | 4.3x |
| Fri, 23 Jun 2023 | ₹36.6t | ₹9.5t | ₹2.5t | 10.9x | 14.7x | 3.8x |
| Sun, 21 May 2023 | ₹36.7t | ₹9.8t | ₹2.5t | 12.3x | 14.7x | 3.7x |
| Tue, 18 Apr 2023 | ₹35.5t | ₹8.7t | ₹2.4t | 11.2x | 15.1x | 4.1x |
| Thu, 16 Mar 2023 | ₹32.8t | ₹8.6t | ₹2.3t | 10.7x | 14x | 3.8x |
| Sat, 11 Feb 2023 | ₹35.2t | ₹8.6t | ₹2.3t | 12.7x | 15x | 4.1x |
| Mon, 09 Jan 2023 | ₹36.3t | ₹8.1t | ₹2.1t | 14.7x | 17x | 4.5x |
| Wed, 07 Dec 2022 | ₹36.5t | ₹8.1t | ₹2.1t | 14.3x | 17.1x | 4.5x |
| Fri, 04 Nov 2022 | ₹33.7t | ₹8.0t | ₹2.1t | 14.2x | 16.4x | 4.2x |
| Sun, 02 Oct 2022 | ₹31.4t | ₹7.8t | ₹1.9t | 13.7x | 16.5x | 4x |
Price to Earnings Ratio
16.5x
Current Industry PE
- Investors are relatively neutral on the Indian Banks 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 14.4x.
- The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 27% per year over the last three years.
- Revenues for these companies have grown 24% 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 | -0.91% | |
| Financials | -0.21% | |
| Banks | -0.52% | |
| Regional Banks | 1.00% | |
| Diversified Banks | -0.55% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 16.5x.
- Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings growth of 14.6% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 14.4x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.5% 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 | |
|---|---|---|---|---|---|
| 532215 Axis Bank | ₹1.17k | 2.9% +₹102.6b | -8.6% | PB1.9x | |
| SBIN State Bank of India | ₹861.45 | 0.8% +₹65.5b | 7.4% | PB1.5x | |
| CANBK Canara Bank | ₹121.35 | 5.1% +₹53.9b | 10.1% | PB1x | |
| BANKBARODA Bank of Baroda | ₹254.37 | 3.4% +₹43.9b | 4.6% | PB0.9x | |
| AUBANK AU Small Finance Bank | ₹743.00 | 3.2% +₹17.4b | 1.0% | PB3.2x |
