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Indian (NIFTY) Diversified Banks Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies35
- 7D-1.3%
- 3M-2.0%
- 1Y18.2%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has dropped 1.3%, driven by a pullback from State Bank of India of 2.9%. Over the past 12 months, the industry was up 18%. As for the next few years, earnings are expected to grow by 8.2% per annum.
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, 21 Nov 2024 | ₹48.4t | ₹13.8t | ₹3.7t | 9.7x | 13x | 3.5x |
| Sat, 19 Oct 2024 | ₹49.5t | ₹13.5t | ₹3.6t | 10.1x | 13.9x | 3.7x |
| Mon, 16 Sep 2024 | ₹49.6t | ₹13.5t | ₹3.6t | 10.4x | 13.9x | 3.7x |
| Wed, 14 Aug 2024 | ₹48.3t | ₹13.5t | ₹3.6t | 10.5x | 13.6x | 3.6x |
| Fri, 12 Jul 2024 | ₹50.7t | ₹12.8t | ₹3.4t | 11.8x | 15x | 4x |
| Sun, 09 Jun 2024 | ₹49.0t | ₹12.9t | ₹3.4t | 11.5x | 14.4x | 3.8x |
| Tue, 07 May 2024 | ₹48.3t | ₹12.5t | ₹3.3t | 12x | 14.5x | 3.9x |
| Thu, 04 Apr 2024 | ₹47.4t | ₹11.7t | ₹3.1t | 12x | 15.3x | 4.1x |
| Sat, 02 Mar 2024 | ₹46.7t | ₹11.7t | ₹3.1t | 11.7x | 15.1x | 4x |
| Mon, 29 Jan 2024 | ₹42.9t | ₹11.5t | ₹3.1t | 12.1x | 13.7x | 3.7x |
| Wed, 27 Dec 2023 | ₹44.3t | ₹10.8t | ₹3.0t | 12.5x | 14.9x | 4.1x |
| Fri, 24 Nov 2023 | ₹40.3t | ₹10.8t | ₹3.0t | 12x | 13.5x | 3.7x |
| Sun, 22 Oct 2023 | ₹40.3t | ₹10.5t | ₹2.8t | 13.9x | 14.2x | 3.8x |
| Tue, 19 Sep 2023 | ₹42.6t | ₹10.1t | ₹2.8t | 13.4x | 15.4x | 4.2x |
| Thu, 17 Aug 2023 | ₹39.8t | ₹10.1t | ₹2.8t | 13.4x | 14.4x | 3.9x |
| Sat, 15 Jul 2023 | ₹39.9t | ₹9.3t | ₹2.4t | 14.1x | 16.3x | 4.3x |
| Mon, 12 Jun 2023 | ₹35.6t | ₹9.4t | ₹2.4t | 12.6x | 14.6x | 3.8x |
| Wed, 10 May 2023 | ₹35.4t | ₹9.1t | ₹2.3t | 11.1x | 15.4x | 3.9x |
| Fri, 07 Apr 2023 | ₹33.6t | ₹8.4t | ₹2.3t | 11x | 14.7x | 4x |
| Sun, 05 Mar 2023 | ₹34.0t | ₹8.4t | ₹2.3t | 12.7x | 14.9x | 4x |
| Tue, 31 Jan 2023 | ₹33.4t | ₹8.2t | ₹2.2t | 12.4x | 15.2x | 4.1x |
| Thu, 29 Dec 2022 | ₹35.6t | ₹7.9t | ₹2.1t | 15.2x | 17.2x | 4.5x |
| Sat, 26 Nov 2022 | ₹35.2t | ₹7.9t | ₹2.1t | 13.2x | 17x | 4.4x |
| Mon, 24 Oct 2022 | ₹32.3t | ₹7.8t | ₹2.0t | 13.9x | 16.2x | 4.1x |
| Wed, 21 Sep 2022 | ₹32.7t | ₹7.7t | ₹1.9t | 15x | 17.4x | 4.2x |
| Fri, 19 Aug 2022 | ₹31.1t | ₹7.7t | ₹1.9t | 13x | 16.6x | 4x |
| Sun, 17 Jul 2022 | ₹27.5t | ₹7.4t | ₹1.8t | 13.1x | 15.7x | 3.7x |
| Tue, 14 Jun 2022 | ₹26.3t | ₹7.5t | ₹1.7t | 13x | 15.1x | 3.5x |
| Thu, 12 May 2022 | ₹27.3t | ₹7.6t | ₹1.7t | 13.4x | 16.3x | 3.6x |
| Sat, 09 Apr 2022 | ₹30.0t | ₹7.2t | ₹1.5t | 13.7x | 19.7x | 4.1x |
| Mon, 07 Mar 2022 | ₹27.2t | ₹7.2t | ₹1.5t | 12.4x | 17.9x | 3.8x |
| Wed, 02 Feb 2022 | ₹30.5t | ₹7.1t | ₹1.4t | 15.4x | 21.2x | 4.3x |
| Fri, 31 Dec 2021 | ₹28.0t | ₹6.9t | ₹1.3t | 14.9x | 20.8x | 4.1x |
| Sun, 28 Nov 2021 | ₹28.8t | ₹6.9t | ₹1.3t | 15.5x | 21.4x | 4.2x |
Price to Earnings Ratio
21.4x
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 13.0x which is lower than its 3-year average PE of 15.8x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 40% per year over the last three years.
- Revenues for these companies have grown 26% 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 | -1.80% | |
| Financials | -1.43% | |
| Banks | -1.33% | |
| Diversified Banks | -1.34% | |
| Regional Banks | -0.58% | |
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 | |
|---|---|---|---|---|---|
| HDFCBANK HDFC Bank | ₹1.74k | 3.6% +₹465.5b | 15.2% | PB2.8x | |
| 500247 Kotak Mahindra Bank | ₹1.73k | 2.3% +₹76.3b | -1.0% | PB2.3x | |
| IOB Indian Overseas Bank | ₹51.13 | 3.7% +₹34.2b | 30.1% | PB3.4x | |
| FEDERALBNK Federal Bank | ₹206.65 | 3.6% +₹17.8b | 42.1% | PB1.6x | |
| MAHABANK Bank of Maharashtra | ₹52.43 | 4.5% +₹17.4b | 19.8% | PB1.8x |