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Indian (NIFTY) Real Estate Sector Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies189
  • 7D5.7%
  • 3M14.2%
  • 1Y105.6%
  • YTD12.5%

In the last week, the Real Estate industry is up 5.7%, with DLF up 4.6%. In the last 12 months, the industry was up 106%. As for the next few years, earnings are expected to grow by 30% per annum.

Sector Valuation and Performance

Has the Indian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024₹8.3t₹750.1b₹132.5b30.5x62.3x11x
Sat, 24 Feb 2024₹8.4t₹747.6b₹132.5b32.2x63.6x11.3x
Mon, 22 Jan 2024₹8.0t₹732.5b₹117.2b36.4x68.1x10.9x
Wed, 20 Dec 2023₹7.0t₹730.1b₹116.2b29x60.5x9.6x
Fri, 17 Nov 2023₹6.4t₹724.5b₹115.2b24.7x55.6x8.8x
Sun, 15 Oct 2023₹5.8t₹672.7b₹88.8b32.5x64.8x8.6x
Tue, 12 Sep 2023₹5.6t₹671.1b₹88.7b31x63.2x8.4x
Thu, 10 Aug 2023₹5.3t₹667.8b₹71.9b31.1x73.5x7.9x
Sat, 08 Jul 2023₹5.2t₹659.6b₹85.0b31.5x61.2x7.9x
Mon, 05 Jun 2023₹4.9t₹663.6b₹84.5b28.6x57.5x7.3x
Wed, 03 May 2023₹4.3t₹651.6b₹104.0b25.2x41.7x6.7x
Fri, 31 Mar 2023₹3.8t₹646.4b₹102.8b23.3x37.1x5.9x
Sun, 26 Feb 2023₹3.8t₹641.0b₹112.9b23.8x33.7x5.9x
Tue, 24 Jan 2023₹4.3t₹613.0b₹114.4b25.4x37.3x7x
Thu, 22 Dec 2022₹4.2t₹615.2b₹103.6b25.1x41x6.9x
Sat, 19 Nov 2022₹4.3t₹598.3b₹101.7b26.8x42.3x7.2x
Mon, 17 Oct 2022₹4.2t₹590.9b₹103.5b28.1x40.3x7x
Wed, 14 Sep 2022₹4.6t₹589.7b₹96.2b28.6x47.9x7.8x
Fri, 12 Aug 2022₹4.5t₹584.7b₹89.5b27.9x50x7.7x
Sun, 10 Jul 2022₹4.2t₹545.9b₹77.6b27.7x54.6x7.8x
Tue, 07 Jun 2022₹4.2t₹539.1b₹93.1b24.9x45.2x7.8x
Thu, 05 May 2022₹4.3t₹500.2b₹76.1b30.5x57x8.7x
Sat, 02 Apr 2022₹4.7t₹489.7b₹69.8b28.9x66.7x9.5x
Mon, 28 Feb 2022₹4.4t₹489.7b₹69.8b29.7x62.9x9x
Wed, 26 Jan 2022₹4.7t₹474.4b₹68.2b36.3x68.8x9.9x
Fri, 24 Dec 2021₹4.7t₹473.8b₹67.4b28x69.2x9.9x
Sun, 21 Nov 2021₹5.1t₹473.3b₹68.7b31.5x73.6x10.7x
Tue, 19 Oct 2021₹4.8t₹442.8b₹55.8b36.1x86.4x10.9x
Thu, 16 Sep 2021₹4.0t₹477.2b₹43.5b30.3x92x8.4x
Sat, 14 Aug 2021₹3.7t₹482.8b₹43.1b27.2x86.5x7.7x
Wed, 09 Jun 2021₹3.2t₹441.1b₹29.9b23.6x106.2x7.2x
Price to Earnings Ratio

101.8x


Total Market Cap: ₹2.6tTotal Earnings: ₹25.7bTotal Revenue: ₹373.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Real Estate Sector Price to Earnings3Y Average 62.8x202220232024
Current Industry PE
  • Investors are relatively neutral on the Indian Real Estate 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 62.8x.
  • The 3-year average PS ratio of 8.2x is lower than the industry's current PS ratio of 11.0x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 73% per year over the last three years.
  • Revenues for these companies have grown 26% 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 Real Estate sector?

IN Market2.49%
Real Estate5.65%
Real Estate6.28%
Retail REITs1.30%
Office REITs1.09%
REITS0%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Health Care REITs0%
Industrial REITs-0.85%
Industry PE
  • Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 66.1x.
    • Analysts are expecting annual earnings growth of 31.2%, which is higher than its past year's earnings growth of 25.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 36% over the next 5 years.
  • In contrast, the Office REITs industry is expected to see its earnings grow by 22% 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
DLF DLF₹897.004.6%
+₹97.3b
154.4%PE93.4x
PRESTIGE Prestige Estates Projects₹1.17k11.6%
+₹48.6b
192.1%PE27.5x
503100 Phoenix Mills₹2.77k8.5%
+₹38.9b
106.5%PE48.2x
GODREJPROP Godrej Properties₹2.30k3.4%
+₹21.3b
125.1%PE96x
OBEROIRLTY Oberoi Realty₹1.48k3.6%
+₹18.6b
78.5%PE33.1x
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Latest News

526407

₹32.15

Hampton Sky Realty

7D

-14.1%

1Y

-8.2%

LGHL

₹289.40

Laxmi Goldorna House

7D

-10.6%

1Y

992.1%

PRESTIGE

₹1,170.00

Prestige Estates Projects

7D

11.6%

1Y

192.1%

533160

₹196.70

D B Realty

7D

-3.6%

1Y

220.6%

LODHA

₹1,135.85

Macrotech Developers

7D

0.5%

1Y

162.2%

OSWALGREEN

₹29.10

Oswal Greentech

7D

-6.3%

1Y

48.1%

532313

₹586.30

Mahindra Lifespace Developers

7D

7.8%

1Y

75.2%

EMBASSY

₹369.61

Embassy Office Parks REIT

7D

-1.5%

1Y

19.7%

OBEROIRLTY

₹1,475.85

Oberoi Realty

7D

3.6%

1Y

78.5%

503100

₹2,770.80

Phoenix Mills

7D

8.5%

1Y

106.5%

532929

₹935.65

Brigade Enterprises

7D

3.4%

1Y

103.6%

MINDSPACE

₹345.39

Mindspace Business Parks REIT

7D

-0.3%

1Y

5.6%

SURAJEST

₹260.80

Suraj Estate Developers

7D

-4.9%

1Y

n/a