Escorts Kubota's (NSE:ESCORTS) Returns On Capital Not Reflecting Well On The Business
Oct 17
Have your own idea? Try our Stock Screener
Indian (NIFTY) Machinery Industry Analysis
UpdatedOct 19, 2024
DataAggregated Company Financials
Companies213
- 7D0.4%
- 3M-3.1%
- 1Y47.9%
- YTD39.8%
Over the last 7 days, the Machinery industry has remained flat, although notably Cochin Shipyard declined by 5.8%. The past year has been better, since the industry has gained 48% in that time. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 20 Oct 2024 | ₹10.2t | ₹2.4t | ₹211.6b | 39.7x | 48.1x | 4.3x |
| Tue, 17 Sep 2024 | ₹10.4t | ₹2.3t | ₹210.6b | 40.7x | 49.3x | 4.4x |
| Thu, 15 Aug 2024 | ₹10.1t | ₹2.3t | ₹209.8b | 38.4x | 48.3x | 4.3x |
| Sat, 13 Jul 2024 | ₹10.9t | ₹2.3t | ₹203.8b | 40.6x | 53.4x | 4.7x |
| Mon, 10 Jun 2024 | ₹9.9t | ₹2.3t | ₹203.5b | 37.8x | 48.5x | 4.3x |
| Wed, 08 May 2024 | ₹8.7t | ₹2.3t | ₹190.5b | 38.1x | 45.8x | 3.9x |
| Fri, 05 Apr 2024 | ₹8.1t | ₹2.2t | ₹190.2b | 36.8x | 42.8x | 3.6x |
| Sun, 03 Mar 2024 | ₹7.5t | ₹2.2t | ₹188.6b | 34.9x | 39.6x | 3.4x |
| Tue, 30 Jan 2024 | ₹7.2t | ₹2.2t | ₹177.6b | 34.4x | 40.6x | 3.3x |
| Thu, 28 Dec 2023 | ₹6.9t | ₹2.2t | ₹176.4b | 32.9x | 39x | 3.2x |
| Sat, 25 Nov 2023 | ₹6.4t | ₹2.1t | ₹172.5b | 31.7x | 36.9x | 3x |
| Mon, 23 Oct 2023 | ₹6.3t | ₹2.1t | ₹162.0b | 31.5x | 39x | 3x |
| Wed, 20 Sep 2023 | ₹6.3t | ₹2.1t | ₹161.3b | 30.7x | 39x | 3x |
| Fri, 18 Aug 2023 | ₹6.0t | ₹2.1t | ₹161.4b | 29.6x | 37.4x | 2.9x |
| Sun, 16 Jul 2023 | ₹5.7t | ₹2.0t | ₹144.6b | 28.5x | 39.6x | 2.9x |
| Tue, 13 Jun 2023 | ₹5.3t | ₹2.0t | ₹144.1b | 27x | 37x | 2.7x |
| Thu, 11 May 2023 | ₹4.9t | ₹1.9t | ₹130.2b | 26.7x | 37.3x | 2.5x |
| Sat, 08 Apr 2023 | ₹4.7t | ₹1.9t | ₹129.6b | 23.4x | 36.3x | 2.5x |
| Mon, 06 Mar 2023 | ₹4.6t | ₹1.9t | ₹129.6b | 22.6x | 35.7x | 2.4x |
| Wed, 01 Feb 2023 | ₹4.6t | ₹1.8t | ₹115.2b | 25x | 39.6x | 2.5x |
| Fri, 30 Dec 2022 | ₹4.5t | ₹1.8t | ₹112.5b | 25.2x | 40x | 2.5x |
| Sun, 27 Nov 2022 | ₹4.7t | ₹1.8t | ₹110.8b | 26.2x | 42.6x | 2.7x |
| Tue, 25 Oct 2022 | ₹4.6t | ₹1.7t | ₹104.3b | 26.8x | 43.8x | 2.7x |
| Thu, 22 Sep 2022 | ₹4.6t | ₹1.7t | ₹101.8b | 27.3x | 44.9x | 2.8x |
| Sat, 20 Aug 2022 | ₹4.2t | ₹1.7t | ₹100.0b | 24.4x | 42.1x | 2.5x |
| Mon, 18 Jul 2022 | ₹3.8t | ₹1.5t | ₹89.5b | 24.2x | 42.3x | 2.5x |
| Wed, 15 Jun 2022 | ₹3.7t | ₹1.5t | ₹89.3b | 24.4x | 40.9x | 2.4x |
| Fri, 13 May 2022 | ₹3.4t | ₹1.4t | ₹84.9b | 22.5x | 40x | 2.4x |
| Sun, 10 Apr 2022 | ₹3.7t | ₹1.4t | ₹84.0b | 24.7x | 44.5x | 2.6x |
| Tue, 08 Mar 2022 | ₹3.3t | ₹1.4t | ₹84.0b | 22.1x | 39.5x | 2.3x |
| Thu, 03 Feb 2022 | ₹3.8t | ₹1.4t | ₹86.8b | 26.1x | 43.8x | 2.8x |
| Sat, 01 Jan 2022 | ₹3.6t | ₹1.4t | ₹87.0b | 24.2x | 41.3x | 2.6x |
| Mon, 29 Nov 2021 | ₹3.4t | ₹1.4t | ₹85.7b | 22.4x | 39.7x | 2.5x |
| Wed, 27 Oct 2021 | ₹3.2t | ₹1.3t | ₹76.8b | 24.2x | 42.1x | 2.5x |
Price to Earnings Ratio
42.1x
Current Industry PE
- Investors are optimistic on the Indian Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 48.1x which is higher than its 3-year average PE of 41.9x.
- The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 40% per year over the last three years.
- Revenues for these companies have grown 22% 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 | -0.87% | |
| Industrials | -0.45% | |
| Machinery | 0.38% | |
| Construction Machinery and Vehicles | 0.80% | |
| Industrial Machinery | 0.38% | |
| Agricultural Machinery | -2.11% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 42.7x.
- Analysts are expecting annual earnings growth of 17.4%, which is lower than the prior year's growth of 21.6% 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 30.6x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 17% 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 15% 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 | |
|---|---|---|---|---|---|
| 500480 Cummins India | ₹3.71k | 2.7% +₹26.9b | 119.1% | PE56.2x | |
| 505790 Schaeffler India | ₹4.00k | 2.4% +₹14.5b | 29.7% | PE68.8x | |
| TITAGARH Titagarh Rail Systems | ₹1.20k | 9.5% +₹14.0b | 41.9% | PE54.9x | |
| 500048 BEML | ₹4.04k | 6.6% +₹10.4b | 76.5% | PE58.8x | |
| 520113 Vesuvius India | ₹5.76k | 7.9% +₹8.5b | 70.2% | PE46.1x |
