Why Investors Shouldn't Be Surprised By Signatureglobal (India) Limited's (NSE:SIGNATURE) 34% Share Price Surge
Jul 05
Indian (NIFTY) Real Estate Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies191
- 7D-3.0%
- 3M8.1%
- 1Y74.3%
- YTD30.8%
Over the last 7 days, the Real Estate industry has dropped 3.0%, driven by Phoenix Mills declining 11%. In contrast, Oberoi Realty has gained 6.8%. This takes the industry's 12 month performance to a gain of 74%. Looking forward, earnings are forecast to grow by 26% annually.
Sector Valuation and Performance
Has the Indian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ₹9.9t | ₹837.4b | ₹168.3b | 33.1x | 59x | 11.9x |
| Sun, 23 Jun 2024 | ₹10.2t | ₹832.2b | ₹165.8b | 32.9x | 61.8x | 12.3x |
| Tue, 21 May 2024 | ₹9.3t | ₹804.6b | ₹152.3b | 32.8x | 60.8x | 11.5x |
| Thu, 18 Apr 2024 | ₹8.6t | ₹749.0b | ₹132.3b | 32.6x | 64.9x | 11.5x |
| Sat, 16 Mar 2024 | ₹7.8t | ₹750.1b | ₹132.5b | 30x | 58.6x | 10.3x |
| Mon, 12 Feb 2024 | ₹8.1t | ₹744.3b | ₹129.3b | 41.2x | 62.8x | 10.9x |
| Wed, 10 Jan 2024 | ₹7.9t | ₹732.8b | ₹116.5b | 33.4x | 67.8x | 10.8x |
| Fri, 08 Dec 2023 | ₹6.8t | ₹730.1b | ₹116.4b | 30.2x | 58.5x | 9.3x |
| Sun, 05 Nov 2023 | ₹6.0t | ₹677.0b | ₹104.1b | 30.7x | 57.6x | 8.9x |
| Tue, 03 Oct 2023 | ₹5.5t | ₹672.5b | ₹88.7b | 30.1x | 61.9x | 8.2x |
| Thu, 31 Aug 2023 | ₹5.3t | ₹676.1b | ₹68.7b | 30.6x | 76.7x | 7.8x |
| Sat, 29 Jul 2023 | ₹5.4t | ₹665.2b | ₹77.5b | 30.2x | 70.3x | 8.2x |
| Mon, 26 Jun 2023 | ₹5.0t | ₹659.5b | ₹85.0b | 30.5x | 58.6x | 7.5x |
| Wed, 24 May 2023 | ₹4.7t | ₹676.3b | ₹106.6b | 25.3x | 43.8x | 6.9x |
| Fri, 21 Apr 2023 | ₹4.3t | ₹651.9b | ₹103.0b | 23.5x | 41.4x | 6.5x |
| Sun, 19 Mar 2023 | ₹3.6b | ₹563.2m | ₹69.0m | 15.7x | 52.5x | 6.4x |
| Tue, 14 Feb 2023 | ₹4.1t | ₹618.2b | ₹116.7b | 23.9x | 34.8x | 6.6x |
| Thu, 12 Jan 2023 | ₹4.2t | ₹611.3b | ₹114.1b | 25.6x | 37x | 6.9x |
| Sat, 10 Dec 2022 | ₹4.4t | ₹615.2b | ₹103.6b | 26.9x | 42.3x | 7.1x |
| Mon, 07 Nov 2022 | ₹4.3t | ₹588.1b | ₹92.6b | 28x | 46x | 7.2x |
| Wed, 05 Oct 2022 | ₹4.2t | ₹590.1b | ₹103.5b | 28.2x | 40.6x | 7.1x |
| Fri, 02 Sep 2022 | ₹4.5t | ₹589.7b | ₹96.1b | 26.9x | 46.8x | 7.6x |
| Sun, 31 Jul 2022 | ₹4.5t | ₹567.5b | ₹84.9b | 26.9x | 53.1x | 8x |
| Tue, 28 Jun 2022 | ₹4.0t | ₹545.3b | ₹77.5b | 27.6x | 52.2x | 7.4x |
| Thu, 26 May 2022 | ₹4.0t | ₹511.9b | ₹80.6b | 26.4x | 49.8x | 7.8x |
| Sat, 23 Apr 2022 | ₹4.5t | ₹489.8b | ₹69.9b | 30.3x | 64.7x | 9.2x |
| Mon, 21 Mar 2022 | ₹4.5t | ₹489.9b | ₹69.8b | 29.7x | 63.8x | 9.1x |
| Wed, 16 Feb 2022 | ₹4.6t | ₹489.1b | ₹70.2b | 35.4x | 65.3x | 9.4x |
| Fri, 14 Jan 2022 | ₹4.9t | ₹474.0b | ₹68.1b | 34.8x | 72.3x | 10.4x |
| Sun, 12 Dec 2021 | ₹5.0t | ₹473.8b | ₹67.4b | 27.1x | 73.7x | 10.5x |
| Tue, 09 Nov 2021 | ₹5.0t | ₹465.6b | ₹66.2b | 37.1x | 75.7x | 10.8x |
| Thu, 07 Oct 2021 | ₹4.5t | ₹438.5b | ₹54.5b | 35.2x | 82.4x | 10.2x |
| Sat, 04 Sep 2021 | ₹4.0t | ₹482.8b | ₹43.1b | 27.6x | 91.8x | 8.2x |
| Mon, 02 Aug 2021 | ₹3.9t | ₹482.8b | ₹43.1b | 27.8x | 89.9x | 8x |
Price to Earnings Ratio
89.9x
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 59.0x.
- The 3-year average PS ratio of 8.7x is lower than the industry's current PS ratio of 11.9x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 57% 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 Real Estate sector?
| IN Market | -1.05% | |
| Real Estate | -3.00% | |
| Retail REITs | 1.33% | |
| Office REITs | 0.83% | |
| Industrial REITs | 0.31% | |
| REITS | 0% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Health Care REITs | 0% | |
| Real Estate | -3.42% | |
Industry PE
- Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 59.0x.
- Analysts are expecting annual earnings growth of 27.4%, which is lower than the prior year's growth of 31.9% per year.
- Investors are most pessimistic about the Industrial REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 27% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Retail REITs 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 | |
|---|---|---|---|---|---|
| OBEROIRLTY Oberoi Realty | ₹1.79k | 6.8% +₹41.3b | 59.4% | PE29.6x | |
| DLF DLF | ₹829.70 | 1.6% +₹32.9b | 60.9% | PE72.2x | |
| 515055 Anant Raj | ₹536.35 | 11.5% +₹18.9b | 166.5% | PE69x | |
| PRESTIGE Prestige Estates Projects | ₹1.83k | 2.6% +₹18.4b | 210.6% | PE53.5x | |
| PURVA Puravankara | ₹445.00 | 8.8% +₹8.5b | 329.5% | PE247.4x |
