Prince Pipes and Fittings Limited's (NSE:PRINCEPIPE) Price Is Out Of Tune With Earnings
Jun 12
Indian (NIFTY) Building Industry Analysis
UpdatedJun 25, 2024
DataAggregated Company Financials
Companies45
- 7D3.9%
- 3M21.1%
- 1Y36.7%
- YTD25.1%
The Building industry is up 3.9% in the last week, with Astral up 5.7%. This takes the industry's 12 month performance to a gain of 37%. Looking forward, earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Indian Building Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 26 Jun 2024 | ₹1.8t | ₹498.5b | ₹34.3b | 33.6x | 53x | 3.6x |
| Fri, 24 May 2024 | ₹1.6t | ₹498.9b | ₹33.7b | 35.6x | 48.6x | 3.3x |
| Sun, 21 Apr 2024 | ₹1.6t | ₹482.8b | ₹33.0b | 33.7x | 47.2x | 3.2x |
| Tue, 19 Mar 2024 | ₹1.5t | ₹482.4b | ₹33.0b | 31.3x | 44.7x | 3.1x |
| Thu, 15 Feb 2024 | ₹1.5t | ₹481.9b | ₹33.0b | 31.7x | 45.9x | 3.1x |
| Sat, 13 Jan 2024 | ₹1.5t | ₹476.2b | ₹29.6b | 35x | 49.2x | 3.1x |
| Mon, 11 Dec 2023 | ₹1.5t | ₹475.9b | ₹29.6b | 34.3x | 49.9x | 3.1x |
| Wed, 08 Nov 2023 | ₹1.4t | ₹472.7b | ₹26.7b | 37.9x | 52.7x | 3x |
| Fri, 06 Oct 2023 | ₹1.4t | ₹465.3b | ₹25.2b | 35.8x | 54.7x | 3x |
| Sun, 03 Sep 2023 | ₹1.4t | ₹465.3b | ₹25.2b | 34.9x | 55x | 3x |
| Tue, 01 Aug 2023 | ₹1.4t | ₹461.9b | ₹25.0b | 33.4x | 54.4x | 2.9x |
| Thu, 29 Jun 2023 | ₹1.3t | ₹458.8b | ₹24.6b | 33.2x | 53.7x | 2.9x |
| Sat, 27 May 2023 | ₹1.2t | ₹457.8b | ₹24.5b | 29.9x | 49.7x | 2.7x |
| Mon, 24 Apr 2023 | ₹1.0t | ₹445.9b | ₹23.0b | 31x | 45.6x | 2.3x |
| Wed, 22 Mar 2023 | ₹1.0t | ₹445.7b | ₹23.0b | 30x | 44x | 2.3x |
| Fri, 17 Feb 2023 | ₹1.0t | ₹445.4b | ₹22.9b | 25.7x | 45.4x | 2.3x |
| Sun, 15 Jan 2023 | ₹1.1t | ₹431.2b | ₹24.7b | 25.1x | 42.6x | 2.4x |
| Tue, 13 Dec 2022 | ₹1.1t | ₹431.2b | ₹24.7b | 26x | 42.9x | 2.5x |
| Thu, 10 Nov 2022 | ₹1.0t | ₹423.9b | ₹26.5b | 24.6x | 39.2x | 2.4x |
| Sat, 08 Oct 2022 | ₹1.1t | ₹418.4b | ₹27.7b | 23.9x | 39.7x | 2.6x |
| Mon, 05 Sep 2022 | ₹1.1t | ₹421.2b | ₹27.0b | 24.4x | 41.1x | 2.6x |
| Wed, 03 Aug 2022 | ₹1.0t | ₹387.7b | ₹26.7b | 24.7x | 37.4x | 2.6x |
| Fri, 01 Jul 2022 | ₹880.4b | ₹379.0b | ₹25.9b | 22.4x | 34x | 2.3x |
| Sun, 29 May 2022 | ₹921.3b | ₹376.6b | ₹25.5b | 24.8x | 36.1x | 2.4x |
| Tue, 26 Apr 2022 | ₹1.1t | ₹378.7b | ₹26.1b | 28.6x | 41.8x | 2.9x |
| Thu, 24 Mar 2022 | ₹1.0t | ₹378.7b | ₹26.2b | 28.2x | 39.7x | 2.7x |
| Sat, 19 Feb 2022 | ₹1.0t | ₹378.7b | ₹26.2b | 28.8x | 39.4x | 2.7x |
| Mon, 17 Jan 2022 | ₹1.2t | ₹362.3b | ₹26.2b | 28.9x | 45.9x | 3.3x |
| Wed, 15 Dec 2021 | ₹1.1t | ₹357.7b | ₹24.7b | 26.9x | 45x | 3.1x |
| Fri, 12 Nov 2021 | ₹1.1t | ₹344.3b | ₹20.3b | 30.8x | 55.5x | 3.3x |
| Sun, 10 Oct 2021 | ₹1.1t | ₹326.0b | ₹19.8b | 33.6x | 55.4x | 3.4x |
| Tue, 07 Sep 2021 | ₹1.0t | ₹326.0b | ₹19.8b | 32.2x | 50.9x | 3.1x |
| Thu, 05 Aug 2021 | ₹1.0t | ₹323.4b | ₹19.7b | 32.2x | 51.9x | 3.2x |
Price to Earnings Ratio
48.2x
Current Industry PE
- Investors are optimistic on the Indian Building industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 53.0x which is higher than its 3-year average PE of 45.8x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Building industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 16% 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 Industrials industry?
| IN Market | 0.091% | |
| Industrials | 0.51% | |
| Building | 3.89% | |
| Building Products | 3.89% | |
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 | |
|---|---|---|---|---|---|
| ASTRAL Astral | ₹2.39k | 5.7% +₹34.5b | 22.0% | PE117.3x | |
| 532443 Cera Sanitaryware | ₹9.01k | 11.5% +₹12.1b | 18.3% | PE49x | |
| 500233 Kajaria Ceramics | ₹1.44k | 5.4% +₹11.8b | 13.6% | PE54.2x | |
| 500128 Electrosteel Castings | ₹177.55 | 4.3% +₹4.5b | 210.8% | PE14.8x | |
| RUSHIL Rushil Décor | ₹354.20 | 9.6% +₹839.8m | 16.2% | PE22.2x |