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Indian (NIFTY) Machinery Industry Analysis

UpdatedMar 01, 2024
DataAggregated Company Financials
Companies196
  • 7D-0.6%
  • 3M10.0%
  • 1Y52.6%
  • YTD5.4%

The Machinery is pretty flat in the last 7 days, but Action Construction Equipment has stood out, gaining 21%. As for the the longer term, the industry is up 53% over the past 12 months. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the Indian Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 Mar 2024₹7.4t₹2.2t₹188.7b34.9x39.2x3.3x
Sun, 28 Jan 2024₹7.1t₹2.2t₹177.4b33.9x40.3x3.3x
Tue, 26 Dec 2023₹6.8t₹2.1t₹174.2b32.6x38.8x3.1x
Thu, 23 Nov 2023₹6.4t₹2.1t₹172.5b30.4x36.8x3x
Sat, 21 Oct 2023₹6.3t₹2.1t₹161.9b31.5x39x3.1x
Mon, 18 Sep 2023₹6.3t₹2.1t₹161.3b30.4x39.2x3.1x
Wed, 16 Aug 2023₹6.0t₹2.1t₹161.3b29x36.9x2.9x
Fri, 14 Jul 2023₹6.1t₹2.0t₹144.2b28.7x42.5x3.1x
Sun, 11 Jun 2023₹5.3t₹2.0t₹144.1b27x36.8x2.7x
Tue, 09 May 2023₹4.8t₹1.9t₹129.3b26.9x37.3x2.5x
Thu, 06 Apr 2023₹4.6t₹1.9t₹129.6b23x35.8x2.4x
Sat, 04 Mar 2023₹4.6t₹1.9t₹129.6b22.6x35.7x2.4x
Mon, 30 Jan 2023₹4.4t₹1.8t₹115.2b24.9x38.6x2.5x
Wed, 28 Dec 2022₹4.5t₹1.8t₹112.5b25.3x39.9x2.5x
Fri, 25 Nov 2022₹4.7t₹1.8t₹110.8b26.1x42.6x2.7x
Sun, 23 Oct 2022₹4.6t₹1.7t₹104.3b26.8x43.8x2.7x
Tue, 20 Sep 2022₹4.5t₹1.7t₹100.2b27x45.3x2.7x
Thu, 18 Aug 2022₹4.2t₹1.7t₹100.1b24.5x42.1x2.6x
Sat, 16 Jul 2022₹3.8t₹1.5t₹89.5b24.2x42.3x2.5x
Mon, 13 Jun 2022₹3.7t₹1.5t₹89.3b25.1x41.9x2.5x
Wed, 11 May 2022₹3.5t₹1.4t₹84.8b23.6x40.9x2.4x
Fri, 08 Apr 2022₹3.7t₹1.4t₹84.0b24.8x44.1x2.6x
Sun, 06 Mar 2022₹3.4t₹1.4t₹84.0b22.9x40.3x2.4x
Tue, 01 Feb 2022₹3.7t₹1.4t₹86.6b25.5x42.9x2.7x
Thu, 30 Dec 2021₹3.6t₹1.4t₹87.1b24.2x40.8x2.6x
Sat, 27 Nov 2021₹3.4t₹1.4t₹85.8b22.6x39.7x2.5x
Mon, 25 Oct 2021₹3.2t₹1.3t₹76.7b23.9x42.1x2.5x
Wed, 22 Sep 2021₹3.3t₹1.3t₹79.5b24x41.6x2.5x
Fri, 20 Aug 2021₹3.1t₹1.3t₹77.9b21.9x39.2x2.3x
Fri, 04 Jun 2021₹2.8t₹1.2t₹59.9b21x46.4x2.3x
Mon, 08 Mar 2021₹2.5t₹1.1t₹40.9b23.8x61x2.3x
Price to Earnings Ratio

61x


Total Market Cap: ₹2.5tTotal Earnings: ₹40.9bTotal Revenue: ₹1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Machinery Industry Price to Earnings3Y Average 40.7x202220232024
Current Industry PE
  • Investors are relatively neutral on the Indian Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 40.7x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 66% per year over the last three years.
  • Revenues for these companies have grown 28% 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-1.11%
Industrials0.98%
Machinery-0.62%
Construction Machinery and Vehicles0.69%
Industrial Machinery-1.24%
Agricultural Machinery-1.79%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 40.1x.
    • Analysts are expecting annual earnings growth of 16.3%, which is lower than the prior year's growth of 26.2% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 27.5x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 26% per year.
  • In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ACE Action Construction Equipment₹1.42k21.2%
+₹29.5b
283.2%PE60.9x
ELGIEQUIP Elgi Equipments₹680.607.6%
+₹15.2b
45.4%PE53.1x
500033 Force Motors₹6.78k15.3%
+₹11.7b
440.9%PE22.4x
500472 SKF India₹4.70k3.7%
+₹8.3b
4.7%PE46.5x
INGERRAND Ingersoll-Rand (India)₹3.78k7.5%
+₹8.3b
64.9%PE52.9x
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