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Indian (NIFTY) Capital Markets Industry Analysis
UpdatedMar 24, 2026
DataAggregated Company Financials
Companies305
- 7D-3.8%
- 3M-10.7%
- 1Y13.5%
- YTD-9.9%
Over the last 7 days, the Capital Markets industry has dropped 3.8%, driven by ICICI Prudential Asset Management declining 5.7%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 20% per annum.
Industry Valuation and Performance
Has the Indian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 24 Mar 2026 | ₹10.8t | ₹1.6t | ₹346.5b | 22.2x | 31.1x | 6.7x |
| Thu, 19 Feb 2026 | ₹12.1t | ₹1.6t | ₹346.6b | 23.4x | 35x | 7.6x |
| Sat, 17 Jan 2026 | ₹12.3t | ₹1.4t | ₹333.3b | 25.9x | 36.9x | 8.6x |
| Mon, 15 Dec 2025 | ₹10.5t | ₹1.4t | ₹301.0b | 26.8x | 34.8x | 7.7x |
| Wed, 12 Nov 2025 | ₹10.3t | ₹1.3t | ₹303.1b | 26.2x | 33.9x | 8x |
| Fri, 10 Oct 2025 | ₹9.6t | ₹1.2t | ₹293.0b | 25.2x | 32.8x | 7.8x |
| Sun, 07 Sep 2025 | ₹9.3t | ₹1.2t | ₹293.3b | 23.1x | 31.7x | 7.5x |
| Tue, 05 Aug 2025 | ₹9.1t | ₹1.2t | ₹285.0b | 23.9x | 32x | 7.8x |
| Thu, 03 Jul 2025 | ₹9.3t | ₹1.2t | ₹282.1b | 23.7x | 32.9x | 7.9x |
| Sat, 31 May 2025 | ₹8.9t | ₹1.2t | ₹307.0b | 21.4x | 29x | 7.2x |
| Mon, 28 Apr 2025 | ₹7.9t | ₹1.2t | ₹300.0b | 19.6x | 26.2x | 6.4x |
| Wed, 26 Mar 2025 | ₹7.3t | ₹1.2t | ₹310.1b | 19.3x | 23.5x | 5.8x |
| Fri, 21 Feb 2025 | ₹7.5t | ₹1.2t | ₹312.3b | 20.2x | 24x | 6x |
| Sun, 19 Jan 2025 | ₹8.5t | ₹1.2t | ₹343.6b | 23.2x | 24.7x | 6.9x |
| Tue, 17 Dec 2024 | ₹9.4t | ₹1.2t | ₹349.0b | 24.6x | 26.9x | 7.7x |
| Thu, 14 Nov 2024 | ₹8.4t | ₹1.2t | ₹336.7b | 23.4x | 24.9x | 7.1x |
| Sat, 12 Oct 2024 | ₹8.4t | ₹1.2t | ₹331.9b | 24.6x | 25.3x | 7.2x |
| Mon, 09 Sep 2024 | ₹7.9t | ₹1.2t | ₹333.7b | 23.9x | 23.5x | 6.7x |
| Wed, 07 Aug 2024 | ₹6.7t | ₹1.2t | ₹321.0b | 23.2x | 20.8x | 5.5x |
| Fri, 05 Jul 2024 | ₹6.8t | ₹1.2t | ₹305.5b | 22.6x | 22.4x | 5.9x |
| Sun, 02 Jun 2024 | ₹6.3t | ₹1.2t | ₹309.7b | 21.3x | 20.4x | 5.4x |
| Tue, 30 Apr 2024 | ₹6.5t | ₹1.1t | ₹303.6b | 23.4x | 21.3x | 5.6x |
| Thu, 28 Mar 2024 | ₹5.8t | ₹1.1t | ₹301.8b | 21x | 19.2x | 5.2x |
| Sat, 24 Feb 2024 | ₹6.1t | ₹1.1t | ₹296.7b | 24.3x | 20.6x | 5.6x |
| Mon, 22 Jan 2024 | ₹5.6t | ₹1.0t | ₹255.7b | 24.6x | 21.8x | 5.4x |
| Wed, 20 Dec 2023 | ₹5.4t | ₹1.0t | ₹251.6b | 21.9x | 21.4x | 5.3x |
| Fri, 17 Nov 2023 | ₹4.9t | ₹1.1t | ₹251.3b | 22.2x | 19.5x | 4.6x |
| Sun, 15 Oct 2023 | ₹4.5t | ₹1.0t | ₹229.6b | 23.9x | 19.5x | 4.4x |
| Tue, 12 Sep 2023 | ₹4.1t | ₹998.4b | ₹222.0b | 23.8x | 18.3x | 4.1x |
| Thu, 10 Aug 2023 | ₹3.7t | ₹1.0t | ₹217.0b | 23.2x | 17.2x | 3.6x |
| Sat, 08 Jul 2023 | ₹3.5t | ₹1.0t | ₹202.8b | 24.7x | 17.1x | 3.5x |
| Mon, 05 Jun 2023 | ₹3.2t | ₹1.0t | ₹203.4b | 21.9x | 15.6x | 3.2x |
| Wed, 03 May 2023 | ₹3.0t | ₹990.3b | ₹178.4b | 21x | 16.7x | 3x |
| Fri, 31 Mar 2023 | ₹2.7t | ₹992.0b | ₹161.1b | 18.1x | 16.8x | 2.7x |
Price to Earnings Ratio
16.8x
Current Industry PE
- Investors are optimistic on the Indian Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.1x which is higher than its 3-year average PE of 24.6x.
- The 3-year average PS ratio of 6.0x is lower than the industry's current PS ratio of 6.7x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 29% 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 | -3.57% | |
| Financials | -5.54% | |
| Capital Markets | -3.81% | |
| Investment Banking and Brokerage | -0.53% | |
| Asset Management | -4.14% | |
| Financial Exchanges and Data | -5.65% | |
| Diversified Capital Markets | -6.07% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 54.0x.
- Analysts are expecting annual earnings growth of 19.7%, which is lower than the prior year's growth of 26.5% per year.
- Investors are most pessimistic about the Diversified Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 15.8x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings decline of 1.8% per year.
- In contrast, the Asset Management industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 539177 Authum Investment & Infrastructure | ₹493.25 | 3.2% +₹12.9b | 57.5% | PE11.5x | |
| ANGELONE Angel One | ₹230.44 | 6.2% +₹12.2b | 0.1% | PE27.2x | |
| 501150 Centrum Capital | ₹27.97 | 28.0% +₹2.8b | 11.5% | PS1.7x | |
| GROWW Billionbrains Garage Ventures | ₹161.32 | 0.2% +₹1.6b | n/a | PE59.3x | |
| 533676 Indo Thai Securities | ₹269.35 | 4.1% +₹1.3b | 35.7% | PE91.2x |
