At ₹2,408, Is It Time To Put Godrej Properties Limited (NSE:GODREJPROP) On Your Watch List?
Jan 20
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Indian (NIFTY) Real Estate Industry Analysis
UpdatedJan 20, 2025
DataAggregated Company Financials
Companies183
- 7D-2.1%
- 3M-7.3%
- 1Y10.9%
- YTD-8.5%
Over the last 7 days, the Real Estate industry has dropped 2.1%, driven by a pullback from Macrotech Developers of 8.3%. On the other hand Ganesh Housing is actually up 13%. Over the past 12 months, the industry was up 11%. Earnings are forecast to grow by 27% 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 |
|---|---|---|---|---|---|---|
| Mon, 20 Jan 2025 | ₹8.5t | ₹909.1b | ₹172.7b | 35.5x | 49.1x | 9.3x |
| Wed, 18 Dec 2024 | ₹9.8t | ₹906.9b | ₹171.6b | 35.7x | 57.2x | 10.8x |
| Fri, 15 Nov 2024 | ₹8.3t | ₹907.4b | ₹185.3b | 31.6x | 44.9x | 9.2x |
| Sun, 13 Oct 2024 | ₹9.1t | ₹871.2b | ₹177.0b | 29x | 51.5x | 10.5x |
| Tue, 10 Sep 2024 | ₹8.9t | ₹851.4b | ₹172.5b | 30.5x | 51.8x | 10.5x |
| Thu, 08 Aug 2024 | ₹8.6t | ₹747.1b | ₹146.4b | 29.4x | 59x | 11.6x |
| Sat, 06 Jul 2024 | ₹9.3t | ₹718.6b | ₹135.4b | 33.7x | 68.5x | 12.9x |
| Mon, 03 Jun 2024 | ₹8.4t | ₹739.5b | ₹132.2b | 28.3x | 63.6x | 11.4x |
| Wed, 01 May 2024 | ₹8.1t | ₹664.6b | ₹124.1b | 32.4x | 65.5x | 12.2x |
| Fri, 29 Mar 2024 | ₹7.5t | ₹659.6b | ₹123.3b | 28.8x | 61.1x | 11.4x |
| Sun, 25 Feb 2024 | ₹7.7t | ₹659.4b | ₹123.4b | 31.4x | 62.3x | 11.7x |
| Tue, 23 Jan 2024 | ₹7.3t | ₹645.6b | ₹109.0b | 32.5x | 66.6x | 11.2x |
| Thu, 21 Dec 2023 | ₹6.1t | ₹643.2b | ₹107.9b | 26.6x | 56.9x | 9.5x |
| Sat, 18 Nov 2023 | ₹5.8t | ₹639.8b | ₹107.7b | 24.3x | 53.9x | 9.1x |
| Mon, 16 Oct 2023 | ₹5.1t | ₹586.8b | ₹81.8b | 31.6x | 62.2x | 8.7x |
| Wed, 13 Sep 2023 | ₹4.8t | ₹585.3b | ₹81.8b | 27x | 58.2x | 8.1x |
| Fri, 11 Aug 2023 | ₹4.4t | ₹581.9b | ₹64.0b | 28.8x | 69.1x | 7.6x |
| Sun, 09 Jul 2023 | ₹4.4t | ₹576.4b | ₹77.7b | 30.6x | 56.3x | 7.6x |
| Tue, 06 Jun 2023 | ₹4.0t | ₹580.8b | ₹77.6b | 26.9x | 52.1x | 7x |
| Thu, 04 May 2023 | ₹3.6t | ₹569.8b | ₹91.2b | 24.7x | 39.9x | 6.4x |
| Sat, 01 Apr 2023 | ₹3.2t | ₹564.7b | ₹90.0b | 22.3x | 35.4x | 5.7x |
| Mon, 27 Feb 2023 | ₹3.1t | ₹559.3b | ₹100.2b | 21.6x | 31.3x | 5.6x |
| Wed, 25 Jan 2023 | ₹3.5t | ₹535.0b | ₹100.5b | 24.8x | 34.8x | 6.5x |
| Fri, 23 Dec 2022 | ₹3.5t | ₹537.1b | ₹89.7b | 24.8x | 38.5x | 6.4x |
| Sun, 20 Nov 2022 | ₹3.6t | ₹523.1b | ₹87.8b | 24.5x | 40.6x | 6.8x |
| Tue, 18 Oct 2022 | ₹3.4t | ₹517.5b | ₹81.6b | 27.1x | 41.5x | 6.5x |
| Thu, 15 Sep 2022 | ₹3.8t | ₹516.3b | ₹74.5b | 27.6x | 50.5x | 7.3x |
| Sat, 13 Aug 2022 | ₹3.5t | ₹512.2b | ₹68.6b | 25.4x | 51.2x | 6.9x |
| Mon, 11 Jul 2022 | ₹3.3t | ₹476.3b | ₹56.9b | 26x | 57.8x | 6.9x |
| Wed, 08 Jun 2022 | ₹3.2t | ₹469.9b | ₹72.7b | 24.9x | 43.9x | 6.8x |
| Fri, 06 May 2022 | ₹3.3t | ₹460.3b | ₹65.2b | 30x | 50.8x | 7.2x |
| Sun, 03 Apr 2022 | ₹3.7t | ₹433.4b | ₹56.7b | 27.7x | 65.5x | 8.6x |
| Tue, 01 Mar 2022 | ₹3.5t | ₹433.6b | ₹56.7b | 28.7x | 61x | 8x |
| Thu, 27 Jan 2022 | ₹3.8t | ₹427.6b | ₹56.1b | 35.6x | 67.5x | 8.8x |
Price to Earnings Ratio
67.5x
Current Industry PE
- Investors are pessimistic on the Indian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 49.1x which is lower than its 3-year average PE of 53.9x.
- The industry is trading close to its 3-year average PS ratio of 8.7x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 45% per year over the last three years.
- Revenues for these companies have grown 29% 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 industry?
| IN Market | -0.26% | |
| Real Estate | -1.83% | |
| Real Estate | -2.15% | |
| Real Estate Services | 3.90% | |
| Real Estate Operating Companies | 0.59% | |
| Diversified Real Estate | -0.34% | |
| Real Estate Development | -3.31% | |
Industry PE
- Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 24.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Real Estate Operating Companies industry, which is trading close to its 3-year average of 30.3x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 17% per year.
- In contrast, the Diversified Real Estate industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| 515055 Anant Raj | ₹899.45 | 8.8% +₹24.8b | 182.7% | PE87.4x | |
| 526367 Ganesh Housing | ₹1.39k | 12.7% +₹13.1b | 107.4% | PE21.3x | |
| EMBDL Equinox India Developments | ₹142.37 | 7.7% +₹6.5b | 40.5% | PS9.7x | |
| GODREJPROP Godrej Properties | ₹2.41k | 0.9% +₹6.4b | 4.3% | PE52.2x | |
| MAXESTATES Max Estates | ₹574.55 | 6.7% +₹5.8b | 94.0% | PS54.8x |
