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Indian (NIFTY) Diversified Banks Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies35
- 7D1.5%
- 3M9.7%
- 1Y22.4%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has risen 1.5%, driven by gains in ICICI Bank and State Bank of India of 2.8% and 2.8%, respectively. This takes the industry's 12 month performance to a gain of 22%. Looking forward, earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | ₹47.5t | ₹12.0t | ₹3.1t | 12.4x | 15.1x | 3.9x |
| Fri, 22 Mar 2024 | ₹45.7t | ₹11.7t | ₹3.1t | 11.3x | 14.8x | 3.9x |
| Sun, 18 Feb 2024 | ₹46.4t | ₹11.7t | ₹3.1t | 11.9x | 15x | 4x |
| Tue, 16 Jan 2024 | ₹45.3t | ₹10.8t | ₹3.0t | 13.6x | 15.2x | 4.2x |
| Thu, 14 Dec 2023 | ₹43.9t | ₹10.8t | ₹3.0t | 12.7x | 14.7x | 4x |
| Sat, 11 Nov 2023 | ₹40.4t | ₹10.8t | ₹3.0t | 12.3x | 13.6x | 3.7x |
| Mon, 09 Oct 2023 | ₹41.3t | ₹10.1t | ₹2.8t | 14.4x | 14.9x | 4.1x |
| Wed, 06 Sep 2023 | ₹40.4t | ₹10.1t | ₹2.8t | 13.7x | 14.6x | 4x |
| Fri, 04 Aug 2023 | ₹39.9t | ₹9.8t | ₹2.6t | 13.1x | 15.2x | 4.1x |
| Sun, 02 Jul 2023 | ₹36.2t | ₹9.3t | ₹2.4t | 13.1x | 14.8x | 3.9x |
| Tue, 30 May 2023 | ₹35.8t | ₹9.6t | ₹2.4t | 11.7x | 14.7x | 3.7x |
| Thu, 27 Apr 2023 | ₹35.2t | ₹8.7t | ₹2.3t | 11.7x | 15.1x | 4x |
| Sat, 25 Mar 2023 | ₹32.2t | ₹8.4t | ₹2.3t | 10.3x | 14.1x | 3.8x |
| Mon, 20 Feb 2023 | ₹33.8t | ₹8.4t | ₹2.3t | 12.1x | 14.8x | 4x |
| Wed, 18 Jan 2023 | ₹35.3t | ₹8.0t | ₹2.1t | 15.1x | 16.8x | 4.4x |
| Fri, 16 Dec 2022 | ₹36.6t | ₹7.9t | ₹2.1t | 15.7x | 17.7x | 4.6x |
| Sun, 13 Nov 2022 | ₹34.2t | ₹7.9t | ₹2.1t | 13x | 16.5x | 4.3x |
| Tue, 11 Oct 2022 | ₹30.8t | ₹7.7t | ₹1.9t | 13.8x | 16.4x | 4x |
| Thu, 08 Sep 2022 | ₹31.3t | ₹7.7t | ₹1.9t | 14x | 16.7x | 4.1x |
| Sat, 06 Aug 2022 | ₹29.9t | ₹7.7t | ₹1.9t | 12.9x | 16x | 3.9x |
| Mon, 04 Jul 2022 | ₹26.5t | ₹7.4t | ₹1.7t | 13x | 15.1x | 3.6x |
| Wed, 01 Jun 2022 | ₹27.9t | ₹7.8t | ₹1.7t | 13.6x | 16x | 3.6x |
| Fri, 29 Apr 2022 | ₹28.7t | ₹7.3t | ₹1.6t | 12.7x | 18.3x | 3.9x |
| Sun, 27 Mar 2022 | ₹28.0t | ₹7.2t | ₹1.5t | 12.2x | 18.4x | 3.9x |
| Tue, 22 Feb 2022 | ₹29.7t | ₹7.2t | ₹1.5t | 13x | 19.5x | 4.1x |
| Thu, 20 Jan 2022 | ₹30.2t | ₹6.9t | ₹1.4t | 16.4x | 22.2x | 4.4x |
| Sat, 18 Dec 2021 | ₹28.4t | ₹6.9t | ₹1.3t | 15.4x | 21.1x | 4.1x |
| Mon, 15 Nov 2021 | ₹30.9t | ₹6.9t | ₹1.3t | 16.6x | 23x | 4.5x |
| Wed, 13 Oct 2021 | ₹30.4t | ₹6.5t | ₹1.2t | 17.2x | 24.7x | 4.7x |
| Fri, 10 Sep 2021 | ₹28.5t | ₹6.5t | ₹1.2t | 15.4x | 23.2x | 4.4x |
| Sun, 08 Aug 2021 | ₹27.9t | ₹6.5t | ₹1.2t | 15.5x | 22.7x | 4.3x |
| Sat, 01 May 2021 | ₹25.3t | ₹6.2t | ₹1.1t | 21x | 22.6x | 4.1x |
Price to Earnings Ratio
22.6x
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 15.1x which is lower than its 3-year average PE of 17.6x.
- The industry is trading close to its 3-year average PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 41% 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 Comparison
How does Indian Diversified Banks compare with similar industries?
| IN Market | 1.35% | |
| Financials | 1.77% | |
| Banks | 1.54% | |
| Diversified Banks | 1.55% | |
| Regional Banks | 1.18% | |
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 | |
|---|---|---|---|---|---|
| ICICIBANK ICICI Bank | ₹1.10k | 2.8% +₹209.6b | 19.9% | PB3.2x | |
| SBIN State Bank of India | ₹773.10 | 2.8% +₹191.0b | 36.5% | PB1.8x | |
| 500247 Kotak Mahindra Bank | ₹1.84k | 2.7% +₹94.7b | -1.9% | PB3x | |
| YESBANK Yes Bank | ₹25.45 | 6.3% +₹75.8b | 64.2% | PB1.8x | |
| PNB Punjab National Bank | ₹133.00 | 3.5% +₹49.0b | 164.7% | PB1.3x |