Is Oberoi Realty (NSE:OBEROIRLTY) A Risky Investment?
Sep 04
Indian (NIFTY) Real Estate Industry Analysis
UpdatedSep 30, 2023
DataAggregated Company Financials
Companies186
- 7D3.0%
- 3M12.5%
- 1Y38.2%
- YTD33.2%
Over the last 7 days, the Real Estate industry has risen 3.0%, driven by gains from Macrotech Developers of 8.0%. In the last 12 months, the industry was up 38%. Earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Indian Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 30 Sep 2023 | ₹4.8t | ₹586.6b | ₹81.7b | 28x | 59x | 8.2x |
| Mon, 28 Aug 2023 | ₹4.4t | ₹589.2b | ₹61.6b | 27.8x | 72.1x | 7.5x |
| Wed, 26 Jul 2023 | ₹4.4t | ₹578.7b | ₹70.5b | 28.6x | 62.4x | 7.6x |
| Fri, 23 Jun 2023 | ₹4.2t | ₹575.7b | ₹77.7b | 28.8x | 54.2x | 7.3x |
| Sun, 21 May 2023 | ₹3.8t | ₹576.0b | ₹97.5b | 23x | 39.1x | 6.6x |
| Tue, 18 Apr 2023 | ₹3.5t | ₹570.2b | ₹90.2b | 22.7x | 39.3x | 6.2x |
| Thu, 16 Mar 2023 | ₹3.2t | ₹564.7b | ₹90.0b | 22x | 35.1x | 5.6x |
| Sat, 11 Feb 2023 | ₹3.4t | ₹539.5b | ₹104.6b | 23.5x | 32.7x | 6.3x |
| Mon, 09 Jan 2023 | ₹3.5t | ₹532.6b | ₹100.3b | 25.4x | 34.7x | 6.5x |
| Wed, 07 Dec 2022 | ₹3.7t | ₹537.1b | ₹89.7b | 26.5x | 41.7x | 7x |
| Fri, 04 Nov 2022 | ₹3.5t | ₹519.4b | ₹83.4b | 27.7x | 42x | 6.7x |
| Sun, 02 Oct 2022 | ₹3.4t | ₹516.0b | ₹80.0b | 28.3x | 42.1x | 6.5x |
| Tue, 30 Aug 2022 | ₹3.5t | ₹516.3b | ₹74.3b | 25.9x | 47.5x | 6.8x |
| Thu, 28 Jul 2022 | ₹3.5t | ₹493.3b | ₹61.4b | 26.1x | 56.7x | 7.1x |
| Sat, 25 Jun 2022 | ₹3.1t | ₹476.2b | ₹56.9b | 26.3x | 54x | 6.5x |
| Mon, 23 May 2022 | ₹3.2t | ₹455.5b | ₹65.1b | 26.4x | 49.4x | 7.1x |
| Wed, 20 Apr 2022 | ₹3.6t | ₹433.4b | ₹56.7b | 29.4x | 62.6x | 8.2x |
| Fri, 18 Mar 2022 | ₹3.5t | ₹433.6b | ₹56.7b | 28.9x | 62.4x | 8.2x |
| Sun, 13 Feb 2022 | ₹3.7t | ₹432.5b | ₹57.5b | 34.4x | 64.7x | 8.6x |
| Tue, 11 Jan 2022 | ₹3.9t | ₹425.7b | ₹56.4b | 31.6x | 69.9x | 9.3x |
| Thu, 09 Dec 2021 | ₹4.0t | ₹425.7b | ₹56.4b | 24.5x | 70.8x | 9.4x |
| Sat, 06 Nov 2021 | ₹4.1t | ₹417.6b | ₹55.3b | 36.1x | 74x | 9.8x |
| Mon, 04 Oct 2021 | ₹3.7t | ₹393.6b | ₹43.6b | 31.8x | 83.9x | 9.3x |
| Wed, 01 Sep 2021 | ₹3.0t | ₹424.7b | ₹28.4b | 26.2x | 105.7x | 7.1x |
| Thu, 08 Jul 2021 | ₹2.5t | ₹424.7b | ₹28.4b | 23.5x | 86.6x | 5.8x |
| Wed, 31 Mar 2021 | ₹2.1t | ₹335.0b | ₹15.2b | 18.6x | 135.3x | 6.2x |
| Sat, 02 Jan 2021 | ₹1.9t | ₹340.8b | -₹30,218,725,028.00 | 19.4x | -61.6x | 5.5x |
| Tue, 06 Oct 2020 | ₹1.3t | ₹358.8b | -₹28,522,246,660.00 | 14x | -44.3x | 3.5x |
Price to Earnings Ratio
-44.3x
Current Industry PE
- Investors are optimistic on the Indian Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 59.0x which is higher than its 3-year average PE of 49.4x.
- The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 8.2x.
Past Earnings Growth
- Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 18% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Real Estate industry?
| IN Market | 0.33% | |
| Real Estate | 2.37% | |
| Real Estate | 2.95% | |
| Real Estate Development | 3.91% | |
| Diversified Real Estate | 1.89% | |
| Real Estate Services | 1.31% | |
| Real Estate Operating Companies | -0.46% | |
Industry PE
- Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio of 45.9x.
- Analysts expect its future annual earnings growth (25.5%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Real Estate Operating Companies industry, which is trading below its 3-year average of 30.9x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 25% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 6.4% 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 | |
|---|---|---|---|---|---|
| LODHA Macrotech Developers | ₹799.95 | 8.0% +₹57.2b | 73.1% | PE195.6x | |
| DLF DLF | ₹530.90 | 2.8% +₹35.5b | 48.8% | PE62.8x | |
| OBEROIRLTY Oberoi Realty | ₹1.15k | 3.0% +₹12.2b | 25.8% | PE23x | |
| PURVA Puravankara | ₹131.40 | 21.3% +₹5.5b | 39.0% | PE283.5x | |
| SOBHA Sobha | ₹705.65 | 8.7% +₹5.4b | 9.3% | PE59.9x |