ICICI Bank (NSE:ICICIBANK) Is Increasing Its Dividend To ₹10.00
Jul 04
Indian (NIFTY) Banks Industry Analysis
UpdatedJul 05, 2024
DataAggregated Company Financials
Companies41
- 7D0.4%
- 3M6.2%
- 1Y24.4%
- YTD12.7%
Over the last 7 days, the Banks industry has remained flat, although notably Bank of Baroda declined by 3.5%. As for the the longer term, the industry is up 24% over the past 12 months. As for the next few years, earnings are expected to grow by 9.6% 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 |
|---|---|---|---|---|---|---|
| Fri, 05 Jul 2024 | ₹52.2t | ₹13.0t | ₹3.4t | 12.5x | 15.2x | 4x |
| Sun, 02 Jun 2024 | ₹49.6t | ₹13.2t | ₹3.5t | 11.8x | 14.3x | 3.8x |
| Tue, 30 Apr 2024 | ₹50.3t | ₹12.6t | ₹3.4t | 12.3x | 14.9x | 4x |
| Thu, 28 Mar 2024 | ₹46.5t | ₹11.9t | ₹3.2t | 10.8x | 14.7x | 3.9x |
| Sat, 24 Feb 2024 | ₹47.5t | ₹11.9t | ₹3.2t | 11.7x | 15x | 4x |
| Mon, 22 Jan 2024 | ₹45.0t | ₹11.6t | ₹3.1t | 11.8x | 14.3x | 3.9x |
| Wed, 20 Dec 2023 | ₹45.9t | ₹11.1t | ₹3.0t | 13x | 15.1x | 4.2x |
| Fri, 17 Nov 2023 | ₹42.2t | ₹11.1t | ₹3.0t | 11.9x | 13.9x | 3.8x |
| Sun, 15 Oct 2023 | ₹42.0t | ₹10.3t | ₹2.8t | 14.3x | 14.9x | 4.1x |
| Tue, 12 Sep 2023 | ₹42.6t | ₹10.3t | ₹2.8t | 13x | 15.1x | 4.1x |
| Thu, 10 Aug 2023 | ₹41.3t | ₹10.3t | ₹2.8t | 13.3x | 14.7x | 4x |
| Sat, 08 Jul 2023 | ₹37.8t | ₹9.5t | ₹2.5t | 12x | 15.2x | 4x |
| Mon, 05 Jun 2023 | ₹36.8t | ₹9.8t | ₹2.5t | 11x | 14.7x | 3.8x |
| Wed, 03 May 2023 | ₹36.6t | ₹9.1t | ₹2.3t | 11.4x | 15.8x | 4x |
| Fri, 31 Mar 2023 | ₹33.4t | ₹8.6t | ₹2.3t | 10.2x | 14.3x | 3.9x |
| Sun, 26 Feb 2023 | ₹33.5t | ₹8.6t | ₹2.3t | 11.2x | 14.3x | 3.9x |
| Tue, 24 Jan 2023 | ₹36.5t | ₹8.3t | ₹2.2t | 13x | 16.6x | 4.4x |
| Thu, 22 Dec 2022 | ₹36.4t | ₹8.1t | ₹2.1t | 14.4x | 17.1x | 4.5x |
| Sat, 19 Nov 2022 | ₹35.4t | ₹8.1t | ₹2.1t | 12.9x | 16.6x | 4.4x |
| Mon, 17 Oct 2022 | ₹31.8t | ₹7.8t | ₹1.9t | 14.6x | 16.7x | 4.1x |
| Wed, 14 Sep 2022 | ₹33.0t | ₹7.8t | ₹1.9t | 15.2x | 17.4x | 4.2x |
| Fri, 12 Aug 2022 | ₹31.4t | ₹7.8t | ₹1.9t | 14.1x | 16.6x | 4x |
| Sun, 10 Jul 2022 | ₹28.6t | ₹7.5t | ₹1.8t | 13.4x | 16.2x | 3.8x |
| Tue, 07 Jun 2022 | ₹28.7t | ₹7.7t | ₹1.8t | 13.6x | 16.3x | 3.7x |
| Thu, 05 May 2022 | ₹28.8t | ₹7.6t | ₹1.6t | 14.1x | 17.7x | 3.8x |
| Sat, 02 Apr 2022 | ₹30.3t | ₹7.3t | ₹1.5t | 13.4x | 20x | 4.1x |
| Mon, 28 Feb 2022 | ₹29.6t | ₹7.3t | ₹1.5t | 12.9x | 19.5x | 4x |
| Wed, 26 Jan 2022 | ₹30.8t | ₹7.1t | ₹1.4t | 14.1x | 22.1x | 4.4x |
| Fri, 24 Dec 2021 | ₹28.9t | ₹7.0t | ₹1.3t | 14.7x | 21.7x | 4.2x |
| Sun, 21 Nov 2021 | ₹31.2t | ₹7.0t | ₹1.3t | 16.4x | 23.4x | 4.5x |
| Tue, 19 Oct 2021 | ₹32.4t | ₹6.7t | ₹1.3t | 20.7x | 25.4x | 4.9x |
| Thu, 16 Sep 2021 | ₹30.5t | ₹6.6t | ₹1.3t | 19.1x | 24.2x | 4.6x |
| Sat, 14 Aug 2021 | ₹29.1t | ₹6.6t | ₹1.3t | 18.1x | 23x | 4.4x |
Price to Earnings Ratio
22.6x
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 15.2x which is lower than its 3-year average PE of 17.1x.
- The industry is trading close to its 3-year average PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 40% 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 | 2.04% | |
| Financials | 1.32% | |
| Banks | 0.36% | |
| Regional Banks | 2.22% | |
| Diversified Banks | 0.32% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 20.7%, which is higher than its past year's earnings growth of 12.3% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 16.9x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.3% 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 | |
|---|---|---|---|---|---|
| HDFCBANK HDFC Bank | ₹1.73k | 1.8% +₹235.9b | 3.1% | PB2.9x | |
| ICICIBANK ICICI Bank | ₹1.23k | 1.1% +₹92.2b | 28.5% | PB3.4x | |
| PNB Punjab National Bank | ₹121.53 | 2.0% +₹25.7b | 106.0% | PB1.2x | |
| YESBANK Yes Bank | ₹23.95 | 1.9% +₹13.8b | 34.6% | PB1.8x | |
| BANDHANBNK Bandhan Bank | ₹208.06 | 3.9% +₹12.5b | -9.8% | PB1.6x |
