Narrative Update • May 17
Have your own idea? Try our Stock Screener
Indian (NIFTY) Banks Industry Analysis
UpdatedMay 27, 2026
DataAggregated Company Financials
Companies41
- 7D2.8%
- 3M-12.4%
- 1Y-0.9%
- YTD-8.5%
Over the last 7 days, the Banks industry has risen 3.2%, driven by gains in ICICI Bank and HDFC Bank of 3.1% and 2.2%, respectively. In the same time, Central Bank of India was down 8.9%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Wed, 27 May 2026 | ₹53.2t | ₹15.6t | ₹4.2t | 11.5x | 12.8x | 3.4x |
| Fri, 24 Apr 2026 | ₹55.2t | ₹15.4t | ₹4.1t | 12.5x | 13.5x | 3.6x |
| Sun, 22 Mar 2026 | ₹52.8t | ₹15.1t | ₹4.0t | 11.7x | 13.1x | 3.5x |
| Tue, 17 Feb 2026 | ₹60.2t | ₹15.1t | ₹4.0t | 13.3x | 14.9x | 4x |
| Thu, 15 Jan 2026 | ₹58.3t | ₹14.7t | ₹4.0t | 12.3x | 14.7x | 4x |
| Sat, 13 Dec 2025 | ₹57.6t | ₹14.7t | ₹4.0t | 11.6x | 14.6x | 3.9x |
| Mon, 10 Nov 2025 | ₹56.9t | ₹14.7t | ₹4.0t | 12.2x | 14.4x | 3.9x |
| Wed, 08 Oct 2025 | ₹54.9t | ₹14.9t | ₹3.9t | 12x | 13.9x | 3.7x |
| Fri, 05 Sep 2025 | ₹52.3t | ₹14.9t | ₹3.9t | 11.6x | 13.3x | 3.5x |
| Sun, 03 Aug 2025 | ₹53.4t | ₹14.8t | ₹3.9t | 12.1x | 13.6x | 3.6x |
| Tue, 01 Jul 2025 | ₹55.1t | ₹14.6t | ₹4.0t | 12.8x | 13.9x | 3.8x |
| Thu, 29 May 2025 | ₹53.3t | ₹14.8t | ₹4.0t | 11.9x | 13.4x | 3.6x |
| Sat, 26 Apr 2025 | ₹52.3t | ₹14.6t | ₹4.0t | 10.6x | 13.2x | 3.6x |
| Mon, 24 Mar 2025 | ₹49.2t | ₹14.3t | ₹3.9t | 9.8x | 12.5x | 3.4x |
| Wed, 19 Feb 2025 | ₹47.2t | ₹14.3t | ₹3.9t | 9.8x | 12x | 3.3x |
| Fri, 17 Jan 2025 | ₹47.9t | ₹14.1t | ₹3.8t | 9.9x | 12.7x | 3.4x |
| Sun, 15 Dec 2024 | ₹52.5t | ₹14.1t | ₹3.8t | 10.3x | 13.9x | 3.7x |
| Tue, 12 Nov 2024 | ₹50.7t | ₹14.0t | ₹3.7t | 10.1x | 13.6x | 3.6x |
| Thu, 10 Oct 2024 | ₹49.5t | ₹13.7t | ₹3.6t | 10.5x | 13.7x | 3.6x |
| Sat, 07 Sep 2024 | ₹49.5t | ₹13.7t | ₹3.6t | 10.3x | 13.7x | 3.6x |
| Mon, 05 Aug 2024 | ₹51.3t | ₹13.7t | ₹3.6t | 11.3x | 14.2x | 3.7x |
| Wed, 03 Jul 2024 | ₹51.5t | ₹13.0t | ₹3.4t | 12.4x | 14.9x | 3.9x |
| Fri, 31 May 2024 | ₹49.1t | ₹13.2t | ₹3.5t | 11.7x | 14.2x | 3.7x |
| Sun, 28 Apr 2024 | ₹49.0t | ₹12.4t | ₹3.3t | 12.4x | 14.6x | 4x |
| Tue, 26 Mar 2024 | ₹46.8t | ₹11.9t | ₹3.2t | 11.5x | 14.8x | 3.9x |
| Thu, 22 Feb 2024 | ₹47.7t | ₹11.9t | ₹3.2t | 11.7x | 15.1x | 4x |
| Sat, 20 Jan 2024 | ₹44.4t | ₹11.4t | ₹3.1t | 11.8x | 14.4x | 3.9x |
| Mon, 18 Dec 2023 | ₹46.0t | ₹11.1t | ₹3.0t | 12.6x | 15.1x | 4.2x |
| Wed, 15 Nov 2023 | ₹41.8t | ₹11.1t | ₹3.0t | 11.6x | 13.8x | 3.8x |
| Fri, 13 Oct 2023 | ₹42.4t | ₹10.3t | ₹2.8t | 14.1x | 15x | 4.1x |
| Sun, 10 Sep 2023 | ₹42.1t | ₹10.3t | ₹2.8t | 13x | 14.9x | 4.1x |
| Tue, 08 Aug 2023 | ₹41.1t | ₹10.3t | ₹2.8t | 13.1x | 14.6x | 4x |
| Thu, 06 Jul 2023 | ₹37.9t | ₹9.5t | ₹2.5t | 12.4x | 15.2x | 4x |
| Sat, 03 Jun 2023 | ₹36.8t | ₹9.8t | ₹2.5t | 11x | 14.7x | 3.8x |
Price to Earnings Ratio
14.7x
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 14.0x.
- 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 19% per year over the last three years.
- Revenues for these companies have grown 17% 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 | 1.96% | |
| Financials | 2.48% | |
| Banks | 2.75% | |
| Regional Banks | 3.92% | |
| Diversified Banks | 2.73% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 17.8x.
- Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings growth of 7.3% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 14.0x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 7.3% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| ICICIBANK ICICI Bank | ₹1.28k | 3.1% +₹275.3b | -11.6% | PB2.5x | |
| HDFCBANK HDFC Bank | ₹778.90 | 2.2% +₹253.3b | -19.1% | PB2x | |
| 532215 Axis Bank | ₹1.30k | 4.9% +₹189.3b | 8.7% | PB1.9x | |
| SBIN State Bank of India | ₹968.50 | 2.1% +₹181.8b | 22.0% | PB1.5x | |
| 500247 Kotak Mahindra Bank | ₹388.70 | 1.8% +₹68.1b | -6.5% | PB2.1x |