Here's Why Adani Ports and Special Economic Zone (NSE:ADANIPORTS) Can Manage Its Debt Responsibly
Jul 01
Indian (NIFTY) Infrastructure Industry Analysis
UpdatedJul 07, 2024
DataAggregated Company Financials
Companies17
- 7D3.1%
- 3M13.6%
- 1Y106.4%
- YTD46.2%
Over the last 7 days, the Infrastructure industry has risen 3.1%, driven by gains in JSW Infrastructure and Adani Ports and Special Economic Zone of 8.6% and 1.5%, respectively. This means that the industry has gained 106% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the Indian Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 07 Jul 2024 | ₹4.2t | ₹361.0b | ₹101.0b | 37.3x | 41.7x | 11.7x |
| Tue, 04 Jun 2024 | ₹4.2t | ₹361.9b | ₹92.9b | 36.3x | 45.6x | 11.7x |
| Thu, 02 May 2024 | ₹3.6t | ₹346.5b | ₹83.9b | 37.5x | 42.8x | 10.3x |
| Sat, 30 Mar 2024 | ₹3.6t | ₹345.9b | ₹83.8b | 35.8x | 43x | 10.4x |
| Mon, 26 Feb 2024 | ₹3.6t | ₹345.9b | ₹83.8b | 38.4x | 43.1x | 10.4x |
| Wed, 24 Jan 2024 | ₹3.1t | ₹323.3b | ₹67.7b | 36.2x | 45.4x | 9.5x |
| Fri, 22 Dec 2023 | ₹2.8t | ₹323.3b | ₹67.6b | 31.5x | 41.5x | 8.7x |
| Sun, 19 Nov 2023 | ₹2.3t | ₹323.3b | ₹67.6b | 27.7x | 34.6x | 7.2x |
| Tue, 17 Oct 2023 | ₹2.2t | ₹306.3b | ₹67.0b | 21.2x | 33.5x | 7.3x |
| Thu, 14 Sep 2023 | ₹2.0t | ₹270.0b | ₹66.7b | 20.1x | 29.5x | 7.3x |
| Sat, 12 Aug 2023 | ₹1.9t | ₹263.1b | ₹65.9b | 17.2x | 28.2x | 7.1x |
| Mon, 10 Jul 2023 | ₹1.7t | ₹249.0b | ₹56.2b | 16x | 29.8x | 6.7x |
| Wed, 07 Jun 2023 | ₹1.7t | ₹248.9b | ₹55.3b | 30.3x | 31.1x | 6.9x |
| Fri, 05 May 2023 | ₹1.6t | ₹222.8b | ₹51.1b | 28.8x | 30.8x | 7.1x |
| Sun, 02 Apr 2023 | ₹1.5t | ₹222.8b | ₹51.1b | 26.8x | 28.7x | 6.6x |
| Tue, 28 Feb 2023 | ₹1.3t | ₹222.8b | ₹51.1b | 23.8x | 25.7x | 5.9x |
| Thu, 26 Jan 2023 | ₹1.7t | ₹213.1b | ₹52.9b | 23.4x | 32.9x | 8.2x |
| Sat, 24 Dec 2022 | ₹1.8t | ₹212.9b | ₹54.2b | 21.3x | 33.3x | 8.5x |
| Mon, 21 Nov 2022 | ₹2.0t | ₹207.6b | ₹53.7b | 23.7x | 37.5x | 9.7x |
| Wed, 19 Oct 2022 | ₹1.8t | ₹191.1b | ₹44.5b | 25.5x | 40.5x | 9.4x |
| Fri, 16 Sep 2022 | ₹2.1t | ₹192.2b | ₹44.5b | 25.4x | 48.1x | 11.1x |
| Sun, 14 Aug 2022 | ₹1.7t | ₹190.6b | ₹44.2b | 18.8x | 39.2x | 9.1x |
| Tue, 12 Jul 2022 | ₹1.6t | ₹189.2b | ₹45.8b | 19.1x | 35x | 8.5x |
| Thu, 09 Jun 2022 | ₹1.7t | ₹203.3b | ₹48.1b | 16.8x | 34.3x | 8.1x |
| Sat, 07 May 2022 | ₹1.8t | ₹199.7b | ₹51.9b | 20.1x | 35x | 9.1x |
| Mon, 04 Apr 2022 | ₹1.9t | ₹199.3b | ₹51.6b | 26.7x | 36.8x | 9.5x |
| Wed, 02 Mar 2022 | ₹1.7t | ₹199.3b | ₹51.6b | 20.3x | 32.9x | 8.5x |
| Fri, 28 Jan 2022 | ₹1.6t | ₹196.7b | ₹52.3b | 21.5x | 29.7x | 7.9x |
| Sun, 26 Dec 2021 | ₹1.6t | ₹196.7b | ₹52.3b | 22x | 30.2x | 8x |
| Tue, 23 Nov 2021 | ₹1.6t | ₹195.9b | ₹52.2b | 21.2x | 30x | 8x |
| Thu, 21 Oct 2021 | ₹1.7t | ₹188.3b | ₹55.8b | 26.4x | 31.2x | 9.2x |
| Sat, 18 Sep 2021 | ₹1.7t | ₹186.7b | ₹55.7b | 23.4x | 29.9x | 8.9x |
| Mon, 16 Aug 2021 | ₹1.5t | ₹186.7b | ₹55.7b | 23.9x | 27.8x | 8.3x |
Price to Earnings Ratio
27.3x
Current Industry PE
- Investors are optimistic on the Indian Infrastructure industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 41.7x which is higher than its 3-year average PE of 34.6x.
- The 3-year average PS ratio of 8.5x is lower than the industry's current PS ratio of 11.7x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 22% 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 Industrials industry?
| IN Market | 2.42% | |
| Industrials | 4.53% | |
| Infrastructure | 3.08% | |
| Highways and Railtracks | 15.83% | |
| Marine Ports and Services | 3.05% | |
| Airport Services | 0.43% | |
Industry PE
- Investors are most optimistic about the Marine Ports and Services industry which is trading above its 3-year average PE ratio of 32.9x.
- Analysts are expecting annual earnings growth of 16.4%, which is lower than the prior year's growth of 58.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 4.9% per year.
- In contrast, the Marine Ports and Services 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 | |
|---|---|---|---|---|---|
| JSWINFRA JSW Infrastructure | ₹356.65 | 8.6% +₹57.7b | n/a | PE63.1x | |
| ADANIPORTS Adani Ports and Special Economic Zone | ₹1.50k | 1.5% +₹48.3b | 108.8% | PE37.8x | |
| 523618 Dredging Corporation of India | ₹1.40k | 27.5% +₹8.5b | 283.3% | PE110.1x | |
| GPPL Gujarat Pipavav Port | ₹224.17 | 7.2% +₹7.2b | 90.1% | PE31.7x | |
| 543364 Markolines Pavement Technologies | ₹255.25 | 28.4% +₹1.1b | 125.3% | PE32.2x |
