We Ran A Stock Scan For Earnings Growth And Indian Bank (NSE:INDIANB) Passed With Ease
Sep 12
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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Oct 2023 | ₹42.5t | ₹10.3t | ₹2.8t | 13.6x | 15.1x | 4.1x |
| Thu, 31 Aug 2023 | ₹40.9t | ₹10.3t | ₹2.8t | 13x | 14.5x | 4x |
| Sat, 29 Jul 2023 | ₹41.7t | ₹10.0t | ₹2.7t | 13.7x | 15.7x | 4.2x |
| Mon, 26 Jun 2023 | ₹36.3t | ₹9.5t | ₹2.5t | 10.9x | 14.5x | 3.8x |
| Wed, 24 May 2023 | ₹36.6t | ₹9.8t | ₹2.5t | 12.5x | 14.7x | 3.7x |
| Fri, 21 Apr 2023 | ₹35.5t | ₹8.7t | ₹2.4t | 11x | 15.1x | 4.1x |
| Sun, 19 Mar 2023 | ₹33.3t | ₹8.6t | ₹2.3t | 10.6x | 14.2x | 3.9x |
| Tue, 14 Feb 2023 | ₹34.8t | ₹8.6t | ₹2.3t | 11.9x | 14.9x | 4x |
| Thu, 12 Jan 2023 | ₹36.1t | ₹8.1t | ₹2.1t | 14.5x | 17x | 4.4x |
| Sat, 10 Dec 2022 | ₹37.0t | ₹8.1t | ₹2.1t | 14.3x | 17.4x | 4.5x |
| Mon, 07 Nov 2022 | ₹34.1t | ₹8.1t | ₹2.1t | 13.5x | 16.1x | 4.2x |
| Wed, 05 Oct 2022 | ₹31.8t | ₹7.8t | ₹1.9t | 14.1x | 16.7x | 4.1x |
| Fri, 02 Sep 2022 | ₹32.0t | ₹7.8t | ₹1.9t | 14.5x | 16.9x | 4.1x |
| Sun, 31 Jul 2022 | ₹30.4t | ₹7.7t | ₹1.9t | 13.3x | 16.2x | 3.9x |
| Tue, 28 Jun 2022 | ₹27.5t | ₹7.6t | ₹1.8t | 13.3x | 15.6x | 3.6x |
| Thu, 26 May 2022 | ₹27.9t | ₹7.9t | ₹1.8t | 13.6x | 15.9x | 3.5x |
| Sat, 23 Apr 2022 | ₹29.5t | ₹7.4t | ₹1.5t | 13.6x | 19.2x | 4x |
| Mon, 21 Mar 2022 | ₹29.7t | ₹7.3t | ₹1.5t | 13x | 19.6x | 4.1x |
| Wed, 16 Feb 2022 | ₹31.1t | ₹7.3t | ₹1.5t | 14x | 20.5x | 4.3x |
| Fri, 14 Jan 2022 | ₹31.4t | ₹7.0t | ₹1.3t | 15.9x | 23.6x | 4.5x |
| Sun, 12 Dec 2021 | ₹30.7t | ₹7.0t | ₹1.3t | 17.1x | 23.1x | 4.4x |
| Tue, 09 Nov 2021 | ₹32.4t | ₹6.9t | ₹1.3t | 17x | 24.4x | 4.7x |
| Thu, 07 Oct 2021 | ₹30.4t | ₹6.6t | ₹1.3t | 19.2x | 24.1x | 4.6x |
| Sat, 04 Sep 2021 | ₹29.5t | ₹6.6t | ₹1.3t | 17.9x | 23.4x | 4.4x |
| Mon, 02 Aug 2021 | ₹28.2t | ₹6.6t | ₹1.3t | 18.3x | 22.4x | 4.2x |
| Thu, 06 May 2021 | ₹26.2t | ₹6.3t | ₹1.2t | 21.6x | 22.7x | 4.2x |
| Sun, 07 Feb 2021 | ₹24.2t | ₹5.7t | ₹956.6b | 23.2x | 25.3x | 4.3x |
| Sat, 31 Oct 2020 | ₹18.8t | ₹5.3t | ₹792.4b | 17.1x | 23.8x | 3.5x |
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 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 Market | 0.25% | |
| Financials | 0.48% | |
| Banks | 0.32% | |
| Diversified Banks | 0.36% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| UNIONBANK Union Bank of India | ₹112.10 | 12.4% +₹91.9b | 151.6% | PB1x | |
| 532215 Axis Bank | ₹1.04k | 2.2% +₹69.8b | 39.5% | PB2.3x | |
| IOB Indian Overseas Bank | ₹48.40 | 6.6% +₹56.7b | 174.2% | PB3.6x | |
| SBIN State Bank of India | ₹598.55 | 0.7% +₹37.0b | 12.4% | PB1.4x | |
| ICICIBANK ICICI Bank | ₹951.90 | 0.3% +₹22.4b | 9.7% | PB2.9x |