Do Pidilite Industries' (NSE:PIDILITIND) Earnings Warrant Your Attention?
Apr 19
Indian (NIFTY) Materials Sector Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies691
- 7D-2.1%
- 3M3.2%
- 1Y32.0%
- YTD1.2%
Over the last 7 days, the Materials industry has dropped 2.1%, driven by Hindustan Zinc declining 7.6%. In contrast, Linde India has gained 8.5%. This takes the industry's 12 month performance to a gain of 32%. As for the next few years, earnings are expected to grow by 24% per annum.
Sector Valuation and Performance
Has the Indian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 20 Apr 2024 | ₹43.6t | ₹24.0t | ₹1.4t | 26.3x | 31.5x | 1.8x |
| Mon, 18 Mar 2024 | ₹40.5t | ₹24.0t | ₹1.4t | 23.9x | 29.2x | 1.7x |
| Wed, 14 Feb 2024 | ₹41.2t | ₹24.0t | ₹1.4t | 25.5x | 29.6x | 1.7x |
| Fri, 12 Jan 2024 | ₹42.4t | ₹24.4t | ₹1.4t | 26.8x | 31.1x | 1.7x |
| Sun, 10 Dec 2023 | ₹40.7t | ₹24.4t | ₹1.4t | 24.8x | 29.8x | 1.7x |
| Tue, 07 Nov 2023 | ₹37.7t | ₹24.3t | ₹1.4t | 23.7x | 27.9x | 1.5x |
| Thu, 05 Oct 2023 | ₹37.9t | ₹24.4t | ₹1.4t | 23.4x | 27.1x | 1.6x |
| Sat, 02 Sep 2023 | ₹38.2t | ₹24.4t | ₹1.4t | 23.4x | 27.3x | 1.6x |
| Mon, 31 Jul 2023 | ₹36.5t | ₹24.4t | ₹1.5t | 20.1x | 24.9x | 1.5x |
| Wed, 28 Jun 2023 | ₹35.4t | ₹24.4t | ₹1.6t | 19.4x | 22.8x | 1.4x |
| Fri, 26 May 2023 | ₹33.7t | ₹24.4t | ₹1.7t | 18.2x | 20.3x | 1.4x |
| Sun, 23 Apr 2023 | ₹32.9t | ₹24.2t | ₹1.8t | 17.1x | 18.2x | 1.4x |
| Tue, 21 Mar 2023 | ₹31.7t | ₹24.2t | ₹1.8t | 15.7x | 17.5x | 1.3x |
| Thu, 16 Feb 2023 | ₹32.4t | ₹24.2t | ₹1.8t | 16.2x | 17.7x | 1.3x |
| Sat, 14 Jan 2023 | ₹34.2t | ₹23.6t | ₹2.1t | 17.3x | 16.5x | 1.4x |
| Mon, 12 Dec 2022 | ₹34.5t | ₹23.6t | ₹2.1t | 16.9x | 16.7x | 1.5x |
| Wed, 09 Nov 2022 | ₹33.8t | ₹23.1t | ₹2.2t | 16.9x | 15.5x | 1.5x |
| Fri, 07 Oct 2022 | ₹33.3t | ₹22.6t | ₹2.4t | 17.1x | 13.9x | 1.5x |
| Sun, 04 Sep 2022 | ₹33.2t | ₹22.6t | ₹2.4t | 16.6x | 13.8x | 1.5x |
| Tue, 02 Aug 2022 | ₹31.9t | ₹21.8t | ₹2.4t | 15.6x | 13.3x | 1.5x |
| Thu, 30 Jun 2022 | ₹28.1t | ₹21.1t | ₹2.5t | 14.8x | 11.4x | 1.3x |
| Sat, 28 May 2022 | ₹29.8t | ₹20.5t | ₹2.4t | 15.1x | 12.3x | 1.5x |
| Mon, 25 Apr 2022 | ₹34.7t | ₹19.5t | ₹2.3t | 17.4x | 14.9x | 1.8x |
| Wed, 23 Mar 2022 | ₹33.3t | ₹19.7t | ₹2.4t | 15.4x | 13.9x | 1.7x |
| Fri, 18 Feb 2022 | ₹33.0t | ₹19.7t | ₹2.4t | 15.4x | 13.7x | 1.7x |
| Sun, 16 Jan 2022 | ₹35.2t | ₹18.3t | ₹2.3t | 17.3x | 15.6x | 1.9x |
| Tue, 14 Dec 2021 | ₹33.6t | ₹18.3t | ₹2.3t | 15.1x | 14.9x | 1.8x |
| Thu, 11 Nov 2021 | ₹34.0t | ₹17.6t | ₹2.1t | 16.1x | 16.5x | 1.9x |
| Sat, 09 Oct 2021 | ₹34.3t | ₹16.8t | ₹1.9t | 16.6x | 18.1x | 2x |
| Mon, 06 Sep 2021 | ₹33.7t | ₹16.8t | ₹1.9t | 15.7x | 17.9x | 2x |
| Wed, 04 Aug 2021 | ₹33.2t | ₹16.7t | ₹1.9t | 16.4x | 17.6x | 2x |
| Sat, 08 May 2021 | ₹27.1t | ₹14.7t | ₹1.3t | 14.6x | 20.9x | 1.8x |
Price to Earnings Ratio
20.9x
Current Industry PE
- Investors are optimistic on the Indian Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.5x which is higher than its 3-year average PE of 19.5x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 2.2% per year over the last three years.
- Revenues for these companies have grown 18% 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 Materials sector?
| IN Market | -2.46% | |
| Materials | -2.11% | |
| Metals and Mining | -0.83% | |
| Paper and Forestry Products | -2.33% | |
| Chemicals | -2.52% | |
| Packaging | -3.01% | |
| Basic Materials | -3.55% | |
Industry PE
- Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 30.8x.
- Analysts are expecting annual earnings growth of 19.8%, which is higher than its past year's earnings decline of 7.1% per year.
- Investors are most pessimistic about the Paper and Forestry Products industry, which is trading below its 3-year average of 21.2x.
Forecasted Growth
- Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings growth rate of 24% per year.
- In contrast, the Basic Materials 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 523457 Linde India | ₹7.38k | 8.5% +₹49.3b | 89.0% | PE147x | |
| VEDL Vedanta | ₹385.95 | 3.5% +₹48.3b | 39.5% | PE30.2x | |
| 500440 Hindalco Industries | ₹614.50 | 2.8% +₹37.7b | 45.5% | PE14.5x | |
| JINDALSTEL Jindal Steel & Power | ₹927.25 | 3.3% +₹29.8b | 61.8% | PE17x | |
| RKFORGE Ramkrishna Forgings | ₹772.55 | 12.1% +₹15.1b | 142.8% | PE44.2x |
