Sobha Limited's (NSE:SOBHA) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Apr 13
Indian (NIFTY) Real Estate Development Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies133
- 7D-3.1%
- 3M3.5%
- 1Y111.4%
- YTDn/a
Over the last 7 days, the Real Estate Development industry has dropped 2.8%, driven by pullbacks in Macrotech Developers and Oberoi Realty of 3.7% and 7.8%, respectively. Meanwhile, Puravankara actually outperformed within the industry, gaining 20% in the last week. This takes the industry's 12 month performance to a gain of 111%. As for the next few years, earnings are expected to grow by 37% per annum.
Industry Valuation and Performance
Has the Indian Real Estate Development Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | ₹4.4t | ₹486.4b | ₹86.2b | 34.6x | 51.4x | 9.1x |
| Sun, 17 Mar 2024 | ₹3.9t | ₹487.5b | ₹86.4b | 33.2x | 44.8x | 7.9x |
| Tue, 13 Feb 2024 | ₹4.0t | ₹487.3b | ₹86.6b | 49.9x | 46.5x | 8.3x |
| Thu, 11 Jan 2024 | ₹4.2t | ₹480.7b | ₹76.4b | 38.1x | 54.4x | 8.6x |
| Sat, 09 Dec 2023 | ₹3.6t | ₹477.7b | ₹76.3b | 34.4x | 47x | 7.5x |
| Mon, 06 Nov 2023 | ₹3.0t | ₹440.5b | ₹66.1b | 31.2x | 45x | 6.8x |
| Wed, 04 Oct 2023 | ₹2.7t | ₹428.8b | ₹52.6b | 34.7x | 51.5x | 6.3x |
| Fri, 01 Sep 2023 | ₹2.6t | ₹428.7b | ₹52.4b | 31.9x | 49x | 6x |
| Sun, 30 Jul 2023 | ₹2.6t | ₹414.4b | ₹29.8b | 31.5x | 86.4x | 6.2x |
| Tue, 27 Jun 2023 | ₹2.3t | ₹411.9b | ₹37.8b | 31.1x | 59.6x | 5.5x |
| Thu, 25 May 2023 | ₹2.0t | ₹414.9b | ₹56.6b | 21x | 34.7x | 4.7x |
| Sat, 22 Apr 2023 | ₹1.9t | ₹407.9b | ₹51.5b | 22.7x | 36x | 4.5x |
| Mon, 20 Mar 2023 | ₹1.8t | ₹402.4b | ₹51.3b | 23.4x | 34.2x | 4.4x |
| Wed, 15 Feb 2023 | ₹1.8t | ₹377.2b | ₹66.5b | 21.8x | 27.6x | 4.9x |
| Fri, 13 Jan 2023 | ₹1.9t | ₹373.2b | ₹63.7b | 26.2x | 30.2x | 5.2x |
| Sun, 11 Dec 2022 | ₹2.0t | ₹377.8b | ₹53.4b | 29.3x | 37.1x | 5.2x |
| Tue, 08 Nov 2022 | ₹1.9t | ₹358.4b | ₹38.5b | 29.8x | 48.7x | 5.2x |
| Thu, 06 Oct 2022 | ₹1.9t | ₹361.9b | ₹49.9b | 29.7x | 37.8x | 5.2x |
| Sat, 03 Sep 2022 | ₹2.1t | ₹362.2b | ₹44.1b | 27.2x | 46.7x | 5.7x |
| Mon, 01 Aug 2022 | ₹2.0t | ₹349.0b | ₹42.2b | 27.1x | 47.2x | 5.7x |
| Wed, 29 Jun 2022 | ₹1.8t | ₹332.6b | ₹36.8b | 27.1x | 47.8x | 5.3x |
| Fri, 27 May 2022 | ₹1.7t | ₹308.6b | ₹43.9b | 25.3x | 39.4x | 5.6x |
| Sun, 24 Apr 2022 | ₹2.0t | ₹288.8b | ₹34.9b | 28x | 58x | 7x |
| Tue, 22 Mar 2022 | ₹2.1t | ₹288.9b | ₹34.8b | 28.6x | 59x | 7.1x |
| Thu, 17 Feb 2022 | ₹2.2t | ₹287.8b | ₹34.6b | 30.7x | 63x | 7.6x |
| Sat, 15 Jan 2022 | ₹2.4t | ₹280.2b | ₹32.4b | 35.5x | 72.9x | 8.4x |
| Mon, 13 Dec 2021 | ₹2.4t | ₹280.0b | ₹31.8b | 23.6x | 76.9x | 8.7x |
| Wed, 10 Nov 2021 | ₹2.4t | ₹279.1b | ₹32.2b | 31.6x | 74.8x | 8.6x |
| Fri, 08 Oct 2021 | ₹2.2t | ₹257.1b | ₹23.4b | 30.1x | 94.1x | 8.6x |
| Sun, 05 Sep 2021 | ₹1.7t | ₹287.7b | ₹8.1b | 22.4x | 214.8x | 6x |
| Tue, 03 Aug 2021 | ₹1.6t | ₹287.7b | ₹8.1b | 21.2x | 200.8x | 5.6x |
| Fri, 07 May 2021 | ₹1.2t | ₹267.3b | ₹618.1m | 19.3x | 1892.2x | 4.4x |
Price to Earnings Ratio
1892.2x
Current Industry PE
- Investors are pessimistic on the Indian Real Estate Development 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 51.5x which is lower than its 3-year average PE of 170x.
- The 3-year average PS ratio of 6.2x is lower than the industry's current PS ratio of 9.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate Development industry have grown 418% per year over the last three years.
- Revenues for these companies have grown 22% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Real Estate Development compare with similar industries?
| IN Market | -2.46% | |
| Real Estate | -3.03% | |
| Real Estate | -3.22% | |
| Real Estate Development | -3.08% | |
| Real Estate Services | 3.82% | |
| Diversified Real Estate | -3.43% | |
| Real Estate Operating Companies | -3.75% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PURVA Puravankara | ₹354.20 | 20.2% +₹14.1b | 356.4% | PE111.2x | |
| 523716 Ashiana Housing | ₹365.60 | 19.9% +₹6.2b | 101.0% | PE49x | |
| 543218 Suratwwala Business Group | ₹109.20 | 16.9% +₹2.7b | 476.3% | PE89.4x | |
| 504882 National Standard (India) | ₹5.08k | 2.1% +₹2.1b | -1.8% | PE770.5x | |
| 503816 Swadeshi Polytex | ₹221.45 | 21.5% +₹1.5b | 440.0% | PE9.1x |
