Indian (NIFTY) Thrifts and Mortgage Finance Industry Analysis
UpdatedSep 11, 2023
DataAggregated Company Financials
Companies13
- 7D2.6%
- 3M19.6%
- 1Y13.9%
- YTD11.4%
Over the last 7 days, the Thrifts and Mortgage Finance industry has risen 2.6%, driven by gains from LIC Housing Finance of 4.6%. In the last 12 months, the industry was up 14%. As for the next few years, earnings are expected to grow by 19% per annum.
Industry Valuation and Performance
Has the Indian Thrifts and Mortgage Finance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 12 Sep 2023 | ₹1.2t | ₹217.8b | ₹92.5b | 21.1x | 13.1x | 5.5x |
| Thu, 10 Aug 2023 | ₹1.1t | ₹217.0b | ₹92.5b | 20.1x | 12.4x | 5.3x |
| Sat, 08 Jul 2023 | ₹1.1t | ₹209.2b | ₹85.7b | 20.2x | 12.3x | 5x |
| Mon, 05 Jun 2023 | ₹1.0t | ₹205.4b | ₹85.7b | 18.7x | 11.7x | 4.9x |
| Wed, 03 May 2023 | ₹883.2b | ₹205.3b | ₹83.9b | 16.2x | 10.5x | 4.3x |
| Fri, 31 Mar 2023 | ₹871.4b | ₹202.6b | ₹82.5b | 15.2x | 10.6x | 4.3x |
| Sun, 26 Feb 2023 | ₹931.3b | ₹202.5b | ₹82.5b | 16.5x | 11.3x | 4.6x |
| Tue, 24 Jan 2023 | ₹994.5b | ₹194.5b | ₹83.8b | 15.7x | 11.9x | 5.1x |
| Thu, 22 Dec 2022 | ₹1.0t | ₹194.0b | ₹83.4b | 16.1x | 12.2x | 5.2x |
| Sat, 19 Nov 2022 | ₹955.0b | ₹193.9b | ₹83.3b | 16x | 11.5x | 4.9x |
| Mon, 17 Oct 2022 | ₹942.2b | ₹181.9b | ₹80.7b | 15.9x | 11.7x | 5.2x |
| Wed, 14 Sep 2022 | ₹1.0t | ₹181.9b | ₹80.7b | 17.5x | 12.6x | 5.6x |
| Fri, 12 Aug 2022 | ₹936.7b | ₹181.8b | ₹80.7b | 17x | 11.6x | 5.2x |
| Sun, 10 Jul 2022 | ₹4.9t | ₹1.2t | ₹296.4b | 15.9x | 16.6x | 4x |
| Tue, 07 Jun 2022 | ₹5.0t | ₹1.2t | ₹296.4b | 16.9x | 16.9x | 4.1x |
| Thu, 05 May 2022 | ₹5.0t | ₹1.2t | ₹288.5b | 17.7x | 17.2x | 4x |
| Sat, 02 Apr 2022 | ₹5.4t | ₹1.2t | ₹276.0b | 19.4x | 19.7x | 4.4x |
| Mon, 28 Feb 2022 | ₹5.3t | ₹1.2t | ₹276.0b | 16.9x | 19.3x | 4.3x |
| Wed, 26 Jan 2022 | ₹5.6t | ₹1.3t | ₹268.1b | 17.1x | 20.9x | 4.3x |
| Fri, 24 Dec 2021 | ₹5.7t | ₹1.3t | ₹268.5b | 15.8x | 21.1x | 4.3x |
| Sun, 21 Nov 2021 | ₹6.4t | ₹1.3t | ₹268.5b | 18.5x | 23.7x | 4.8x |
| Tue, 19 Oct 2021 | ₹6.2t | ₹1.3t | ₹266.6b | 22.5x | 23.3x | 4.9x |
| Thu, 16 Sep 2021 | ₹6.2t | ₹1.3t | ₹266.6b | 21.4x | 23.1x | 4.9x |
| Sat, 14 Aug 2021 | ₹5.8t | ₹1.3t | ₹263.9b | 17.4x | 21.8x | 4.6x |
| Wed, 09 Jun 2021 | ₹5.4t | ₹1.2t | ₹253.3b | 12.5x | 21.5x | 4.4x |
| Tue, 02 Mar 2021 | ₹5.4t | ₹1.0t | ₹233.7b | 14.3x | 23x | 5.3x |
| Fri, 04 Dec 2020 | ₹4.6t | ₹869.3b | ₹218.2b | 15.3x | 21.1x | 5.3x |
Price to Earnings Ratio
16.5x
Current Industry PE
- Investors are pessimistic on the Indian Thrifts and Mortgage Finance 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 13.1x which is lower than its 3-year average PE of 17.1x.
- The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 5.5x.
Past Earnings Growth
- The earnings for companies in the Thrifts and Mortgage Finance industry have declined 25% per year over the last three years,
- Revenues have also declined 37% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Indian Thrifts and Mortgage Finance compare with similar industries?
| IN Market | 2.67% | |
| Financials | 2.86% | |
| Mortgage Finance | 0% | |
| Thrifts and Mortgage Finance | 2.58% | |
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 | |
|---|---|---|---|---|---|
| IIFL IIFL Finance | ₹617.95 | 3.4% +₹7.8b | 83.5% | PE14.7x | |
| AAVAS Aavas Financiers | ₹1.72k | 4.4% +₹5.8b | -25.5% | PE30.2x | |
| APTUS Aptus Value Housing Finance India | ₹278.00 | 3.2% +₹4.3b | -18.9% | PE26.3x | |
| LICHSGFIN LIC Housing Finance | ₹454.85 | 1.6% +₹3.9b | 4.0% | PE7.6x | |
| 511196 Can Fin Homes | ₹788.15 | 2.9% +₹2.9b | 20.1% | PE16.3x |