Indian Bank's (NSE:INDIANB) Shareholders Will Receive A Bigger Dividend Than Last Year
May 28
Indian (NIFTY) Diversified Banks Industry Analysis
UpdatedJun 01, 2023
DataAggregated Company Financials
Companies32
- 7D0.9%
- 3M7.6%
- 1Y26.5%
- YTD-1.3%
The Diversified Banks is pretty flat in the last 7 days, but Kotak Mahindra Bank has stood out, gaining 4.4%. As for the the longer term, the industry is up 27% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Indian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Jun 2023 | ₹35.7t | ₹9.6t | ₹2.4t | 12x | 14.6x | 3.7x |
| Sat, 29 Apr 2023 | ₹35.7t | ₹8.8t | ₹2.2t | 12x | 16x | 4.1x |
| Mon, 27 Mar 2023 | ₹32.2t | ₹8.4t | ₹2.3t | 10.3x | 14.1x | 3.8x |
| Wed, 22 Feb 2023 | ₹33.3t | ₹8.4t | ₹2.3t | 12.1x | 14.6x | 4x |
| Fri, 20 Jan 2023 | ₹35.4t | ₹8.0t | ₹2.1t | 13.7x | 16.8x | 4.4x |
| Sun, 18 Dec 2022 | ₹36.2t | ₹7.9t | ₹2.1t | 15.5x | 17.5x | 4.6x |
| Tue, 15 Nov 2022 | ₹34.1t | ₹7.9t | ₹2.1t | 12.8x | 16.5x | 4.3x |
| Thu, 13 Oct 2022 | ₹30.8t | ₹7.7t | ₹1.9t | 13.7x | 16.4x | 4x |
| Sat, 10 Sep 2022 | ₹31.9t | ₹7.7t | ₹1.9t | 14.7x | 17x | 4.1x |
| Mon, 08 Aug 2022 | ₹29.9t | ₹7.7t | ₹1.9t | 12.9x | 16x | 3.9x |
| Wed, 06 Jul 2022 | ₹26.7t | ₹7.4t | ₹1.7t | 13x | 15.3x | 3.6x |
| Fri, 03 Jun 2022 | ₹28.0t | ₹7.8t | ₹1.7t | 13.8x | 16x | 3.6x |
| Sun, 01 May 2022 | ₹28.5t | ₹7.3t | ₹1.6t | 12.6x | 18.1x | 3.9x |
| Tue, 29 Mar 2022 | ₹28.2t | ₹7.2t | ₹1.5t | 12.3x | 18.5x | 3.9x |
| Thu, 24 Feb 2022 | ₹29.5t | ₹7.2t | ₹1.5t | 12.8x | 19.4x | 4.1x |
| Sat, 22 Jan 2022 | ₹29.8t | ₹6.9t | ₹1.4t | 16x | 21.9x | 4.3x |
| Mon, 20 Dec 2021 | ₹28.4t | ₹6.9t | ₹1.3t | 15.4x | 21.1x | 4.1x |
| Wed, 17 Nov 2021 | ₹30.8t | ₹6.9t | ₹1.3t | 16.3x | 23x | 4.5x |
| Fri, 15 Oct 2021 | ₹31.1t | ₹6.5t | ₹1.2t | 17.5x | 25.3x | 4.8x |
| Sun, 12 Sep 2021 | ₹28.5t | ₹6.5t | ₹1.2t | 15.4x | 23.2x | 4.4x |
| Tue, 10 Aug 2021 | ₹27.9t | ₹6.5t | ₹1.2t | 15.2x | 22.7x | 4.3x |
| Mon, 03 May 2021 | ₹25.3t | ₹6.2t | ₹1.1t | 21x | 22.6x | 4.1x |
| Thu, 04 Feb 2021 | ₹23.3t | ₹5.5t | ₹918.4b | 23.7x | 25.4x | 4.2x |
| Sun, 08 Nov 2020 | ₹18.0t | ₹5.2t | ₹752.5b | 16.3x | 24x | 3.5x |
| Sat, 01 Aug 2020 | ₹15.8t | ₹4.9t | ₹634.9b | 11.1x | 24.9x | 3.3x |
Price to Earnings Ratio
22.1x
Current Industry PE
- Investors are pessimistic on the Indian Diversified 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 14.6x which is lower than its 3-year average PE of 20.8x.
- The industry is trading close to its 3-year average PS ratio of 4.0x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 57% per year over the last three years.
- Revenues for these companies have grown 27% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Diversified Banks compare with similar industries?
| IN Market | 1.48% | |
| Financials | 1.42% | |
| Banks | 0.98% | |
| Diversified Banks | 0.94% | |
| Regional Banks | 2.35% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 500247 Kotak Mahindra Bank | ₹1.99k | 4.4% +₹168.0b | 6.8% | PB3.5x | |
| ICICIBANK ICICI Bank | ₹949.15 | 0.9% +₹60.3b | 26.1% | PB3.1x | |
| 539437 IDFC First Bank | ₹71.45 | 8.3% +₹36.3b | 97.6% | PB1.8x | |
| PNB Punjab National Bank | ₹51.85 | 3.9% +₹21.5b | 65.1% | PB0.6x | |
| CANBK Canara Bank | ₹309.70 | 3.4% +₹18.3b | 48.4% | PB0.7x |