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Indian (NIFTY) Machinery Industry Analysis
UpdatedApr 15, 2025
DataAggregated Company Financials
Companies219
- 7D3.4%
- 3M-11.1%
- 1Y-3.3%
- YTD-16.9%
Over the last 7 days, the Machinery industry has dropped 1.1%, driven by a pullback from Thermax of 5.2%. On the other hand Ashok Leyland is actually up 5.5%. Overall the industry is down 4.4% in 12 months. Earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Indian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | ₹8.1t | ₹2.5t | ₹226.0b | 31.1x | 35.9x | 3.2x |
| Thu, 13 Mar 2025 | ₹7.9t | ₹2.5t | ₹225.9b | 28.3x | 34.8x | 3.1x |
| Sat, 08 Feb 2025 | ₹8.6t | ₹2.5t | ₹222.8b | 35.9x | 38.7x | 3.5x |
| Mon, 06 Jan 2025 | ₹9.7t | ₹2.4t | ₹223.8b | 39.3x | 43.4x | 4x |
| Wed, 04 Dec 2024 | ₹10.0t | ₹2.4t | ₹223.2b | 39x | 45x | 4.2x |
| Fri, 01 Nov 2024 | ₹9.6t | ₹2.4t | ₹214.1b | 37.9x | 45x | 4.1x |
| Sun, 29 Sep 2024 | ₹10.4t | ₹2.4t | ₹211.2b | 39.9x | 49.2x | 4.4x |
| Tue, 27 Aug 2024 | ₹10.5t | ₹2.3t | ₹210.4b | 40.1x | 50x | 4.5x |
| Thu, 25 Jul 2024 | ₹10.7t | ₹2.3t | ₹205.0b | 40.6x | 52x | 4.6x |
| Sat, 22 Jun 2024 | ₹10.8t | ₹2.3t | ₹203.7b | 40.3x | 52.9x | 4.7x |
| Mon, 20 May 2024 | ₹9.8t | ₹2.3t | ₹196.3b | 41.8x | 49.8x | 4.3x |
| Wed, 17 Apr 2024 | ₹8.1t | ₹2.2t | ₹190.3b | 35.8x | 42.5x | 3.6x |
| Fri, 15 Mar 2024 | ₹7.1t | ₹2.2t | ₹188.7b | 31.2x | 37.4x | 3.2x |
| Sun, 11 Feb 2024 | ₹7.4t | ₹2.2t | ₹186.5b | 34x | 39.6x | 3.3x |
| Tue, 09 Jan 2024 | ₹7.0t | ₹2.2t | ₹176.6b | 34.6x | 39.5x | 3.2x |
| Thu, 07 Dec 2023 | ₹6.6t | ₹2.1t | ₹172.5b | 32.6x | 38x | 3.1x |
| Sat, 04 Nov 2023 | ₹6.2t | ₹2.1t | ₹163.6b | 32.2x | 37.7x | 3x |
| Mon, 02 Oct 2023 | ₹6.3t | ₹2.1t | ₹161.3b | 30.6x | 39x | 3x |
| Wed, 30 Aug 2023 | ₹6.2t | ₹2.1t | ₹161.4b | 30.8x | 38.5x | 3x |
| Fri, 28 Jul 2023 | ₹5.9t | ₹2.0t | ₹151.1b | 29.1x | 38.9x | 2.9x |
| Sun, 25 Jun 2023 | ₹5.5t | ₹2.0t | ₹144.1b | 27.1x | 37.9x | 2.8x |
| Tue, 23 May 2023 | ₹5.0t | ₹1.9t | ₹131.1b | 27.4x | 37.9x | 2.6x |
| Thu, 20 Apr 2023 | ₹4.7t | ₹1.9t | ₹129.5b | 25x | 36.1x | 2.5x |
| Sat, 18 Mar 2023 | ₹4.6t | ₹1.9t | ₹129.6b | 22.8x | 35.4x | 2.4x |
| Mon, 13 Feb 2023 | ₹4.6t | ₹1.9t | ₹127.3b | 24.2x | 36.5x | 2.5x |
| Wed, 11 Jan 2023 | ₹4.6t | ₹1.8t | ₹112.5b | 25.5x | 40.6x | 2.6x |
| Fri, 09 Dec 2022 | ₹4.8t | ₹1.8t | ₹110.8b | 26.5x | 43.1x | 2.7x |
| Sun, 06 Nov 2022 | ₹4.7t | ₹1.7t | ₹104.7b | 26.9x | 44.6x | 2.8x |
| Tue, 04 Oct 2022 | ₹4.4t | ₹1.7t | ₹102.7b | 26.2x | 43.1x | 2.7x |
| Thu, 01 Sep 2022 | ₹4.4t | ₹1.7t | ₹100.0b | 25.9x | 44.3x | 2.7x |
| Sat, 30 Jul 2022 | ₹4.0t | ₹1.5t | ₹92.5b | 25.4x | 43.3x | 2.6x |
| Mon, 27 Jun 2022 | ₹3.7t | ₹1.5t | ₹89.3b | 24.1x | 40.9x | 2.4x |
| Wed, 25 May 2022 | ₹3.6t | ₹1.5t | ₹84.2b | 23x | 42.6x | 2.4x |
| Fri, 22 Apr 2022 | ₹3.7t | ₹1.4t | ₹84.0b | 25x | 44.3x | 2.6x |
Price to Earnings Ratio
44.3x
Current Industry PE
- Investors are pessimistic on the Indian Machinery 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 35.9x which is lower than its 3-year average PE of 41.6x.
- The industry is trading close to its 3-year average PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 39% per year over the last three years.
- Revenues for these companies have grown 20% 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 | 3.22% | |
| Industrials | 3.30% | |
| Machinery | 3.42% | |
| Agricultural Machinery | 4.25% | |
| Construction Machinery and Vehicles | 4.16% | |
| Industrial Machinery | 2.87% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 43.4x.
- Analysts expect its future annual earnings growth (19.7%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading close to its 3-year average of 31.7x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 20% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| ASHOKLEY Ashok Leyland | ₹208.50 | 5.5% +₹32.0b | 19.2% | PE21.6x | |
| 500480 Cummins India | ₹2.82k | 3.8% +₹28.5b | -7.5% | PE38.8x | |
| COCHINSHIP Cochin Shipyard | ₹1.40k | 4.7% +₹16.5b | 32.6% | PE46.1x | |
| ESCORTS Escorts Kubota | ₹3.18k | 4.2% +₹14.1b | 6.0% | PE29.2x | |
| 522113 Timken India | ₹2.47k | 7.4% +₹12.8b | -15.2% | PE46.3x |
