Analysis Article • 5h
Have your own idea? Try our Stock Screener
Indian (NIFTY) Capital Markets Industry Analysis
UpdatedJun 24, 2026
DataAggregated Company Financials
Companies305
- 7D0.3%
- 3M18.9%
- 1Y10.6%
- YTD12.6%
Over the last 7 days, the Capital Markets industry has risen 1.4%, driven by gains from ICICI Prudential Asset Management of 4.7%. Meanwhile, BSE actually underperformed within the industry, shrinking 5.3% in the last week. This takes the industry's 12 month performance to a gain of 14%. Earnings are forecast to grow by 18% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 24 Jun 2026 | ₹13.4t | ₹2.0t | ₹345.3b | 28.4x | 38.9x | 6.7x |
| Fri, 22 May 2026 | ₹13.5t | ₹1.8t | ₹367.8b | 27.7x | 36.7x | 7.5x |
| Sun, 19 Apr 2026 | ₹13.0t | ₹1.6t | ₹349.9b | 24.8x | 37.2x | 8.1x |
| Tue, 17 Mar 2026 | ₹11.2t | ₹1.6t | ₹346.5b | 22.6x | 32.2x | 7x |
| Thu, 12 Feb 2026 | ₹12.3t | ₹1.5t | ₹340.1b | 24.5x | 36.3x | 8x |
| Sat, 10 Jan 2026 | ₹11.8t | ₹1.4t | ₹327.5b | 25.8x | 36x | 8.3x |
| Mon, 08 Dec 2025 | ₹10.5t | ₹1.4t | ₹301.0b | 27.2x | 34.7x | 7.6x |
| Wed, 05 Nov 2025 | ₹9.6t | ₹1.2t | ₹286.0b | 26.1x | 33.7x | 7.8x |
| Fri, 03 Oct 2025 | ₹9.4t | ₹1.2t | ₹293.0b | 24.7x | 32x | 7.6x |
| Sun, 31 Aug 2025 | ₹9.1t | ₹1.2t | ₹293.3b | 23.1x | 30.9x | 7.3x |
| Tue, 29 Jul 2025 | ₹9.0t | ₹1.2t | ₹285.2b | 24.1x | 31.7x | 7.7x |
| Thu, 26 Jun 2025 | ₹9.3t | ₹1.2t | ₹282.3b | 24x | 32.8x | 7.9x |
| Sat, 24 May 2025 | ₹8.6t | ₹1.2t | ₹311.5b | 20.7x | 27.7x | 6.9x |
| Mon, 21 Apr 2025 | ₹7.6t | ₹1.2t | ₹307.2b | 19.3x | 24.8x | 6.1x |
| Wed, 19 Mar 2025 | ₹6.8t | ₹1.2t | ₹310.1b | 18.8x | 22x | 5.5x |
| Fri, 14 Feb 2025 | ₹7.5t | ₹1.3t | ₹343.9b | 20.9x | 21.7x | 6x |
| Sun, 12 Jan 2025 | ₹8.4t | ₹1.2t | ₹341.1b | 23.1x | 24.6x | 6.9x |
| Tue, 10 Dec 2024 | ₹9.3t | ₹1.2t | ₹348.8b | 24.1x | 26.5x | 7.6x |
| Thu, 07 Nov 2024 | ₹8.8t | ₹1.2t | ₹336.9b | 25.4x | 26.3x | 7.4x |
| Sat, 05 Oct 2024 | ₹8.0t | ₹1.2t | ₹331.7b | 24.7x | 24.2x | 6.9x |
| Mon, 02 Sep 2024 | ₹7.8t | ₹1.2t | ₹333.6b | 23.6x | 23.2x | 6.7x |
| Wed, 31 Jul 2024 | ₹7.0t | ₹1.2t | ₹320.0b | 24.2x | 22x | 5.9x |
| Fri, 28 Jun 2024 | ₹6.7t | ₹1.2t | ₹305.1b | 22.3x | 22.1x | 5.8x |
| Sun, 26 May 2024 | ₹6.4t | ₹1.2t | ₹314.9b | 22.4x | 20.4x | 5.5x |
| Tue, 23 Apr 2024 | ₹6.2t | ₹1.1t | ₹292.4b | 22.8x | 21.3x | 5.5x |
| Thu, 21 Mar 2024 | ₹5.6t | ₹1.1t | ₹301.8b | 21.2x | 18.5x | 5.1x |
| Sat, 17 Feb 2024 | ₹6.0t | ₹1.1t | ₹295.8b | 24.8x | 20.2x | 5.5x |
| Mon, 15 Jan 2024 | ₹5.7t | ₹1.0t | ₹253.1b | 24.3x | 22.4x | 5.5x |
| Wed, 13 Dec 2023 | ₹5.2t | ₹1.0t | ₹251.6b | 21.7x | 20.8x | 5.1x |
| Fri, 10 Nov 2023 | ₹4.7t | ₹1.1t | ₹248.3b | 22.6x | 18.8x | 4.4x |
| Sun, 08 Oct 2023 | ₹4.3t | ₹1.0t | ₹227.8b | 23.7x | 19x | 4.2x |
| Tue, 05 Sep 2023 | ₹3.9t | ₹997.8b | ₹221.6b | 22.5x | 17.5x | 3.9x |
| Thu, 03 Aug 2023 | ₹3.7t | ₹1.0t | ₹215.9b | 23.8x | 16.9x | 3.6x |
| Sat, 01 Jul 2023 | ₹3.4t | ₹1.0t | ₹202.8b | 24.7x | 17x | 3.4x |
Price to Earnings Ratio
17x
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 39.4x which is higher than its 3-year average PE of 26.2x.
- The industry is trading close to its 3-year average PS ratio of 6.4x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 19% 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 Trends
Which industries have driven the changes within the Indian Financials industry?
| IN Market | 0.57% | |
| Financials | 0.66% | |
| Capital Markets | 0.32% | |
| Asset Management | 2.30% | |
| Investment Banking and Brokerage | -0.85% | |
| Diversified Capital Markets | -0.96% | |
| Financial Exchanges and Data | -3.06% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry, which is trading close to its 3-year average PE ratio of 55.1x.
- Analysts are expecting annual earnings growth of 17.7%, which is lower than the prior year's growth of 21.8% 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 17.2x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 25% over the next 5 years.
- 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 | |
|---|---|---|---|---|---|
| ICICIAMC ICICI Prudential Asset Management | ₹3.40k | 4.7% +₹76.0b | n/a | PE50.9x | |
| ANANDRATHI Anand Rathi Wealth | ₹1.92k | 8.1% +₹23.7b | 84.1% | PE80.4x | |
| ABSLAMC Aditya Birla Sun Life AMC | ₹1.20k | 7.0% +₹22.7b | 56.4% | PE35.5x | |
| CDSL Central Depository Services (India) | ₹1.35k | 6.9% +₹18.2b | -22.7% | PE61.9x | |
| NAM-INDIA Nippon Life India Asset Management | ₹1.17k | 2.3% +₹16.7b | 49.4% | PE48.8x |
