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Indian (NIFTY) Real Estate Industry Analysis
UpdatedSep 07, 2024
DataAggregated Company Financials
Companies186
- 7D-2.2%
- 3M-1.0%
- 1Y66.5%
- YTD30.4%
Over the last 7 days, the Real Estate industry has dropped 2.2%, driven by pullbacks in DLF and Macrotech Developers of 3.7% and 5.3%, respectively. Meanwhile, Brigade Enterprises actually outperformed within the industry, gaining 9.4% in the last week. Over the past 12 months, the industry was up 67%. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Sun, 08 Sep 2024 | ₹8.9t | ₹851.6b | ₹172.5b | 32.2x | 51.5x | 10.4x |
| Tue, 06 Aug 2024 | ₹8.4t | ₹741.6b | ₹146.4b | 29.3x | 57.5x | 11.3x |
| Thu, 04 Jul 2024 | ₹9.2t | ₹718.6b | ₹135.4b | 32.7x | 68x | 12.8x |
| Sat, 01 Jun 2024 | ₹8.4t | ₹741.6b | ₹132.3b | 28.3x | 63.5x | 11.3x |
| Mon, 29 Apr 2024 | ₹8.1t | ₹665.8b | ₹124.1b | 31.2x | 65.5x | 12.2x |
| Wed, 27 Mar 2024 | ₹7.5t | ₹659.6b | ₹123.3b | 29.7x | 60.4x | 11.3x |
| Fri, 23 Feb 2024 | ₹7.6t | ₹659.3b | ₹123.4b | 31.3x | 61.9x | 11.6x |
| Sun, 21 Jan 2024 | ₹7.3t | ₹645.9b | ₹109.2b | 32x | 66.7x | 11.3x |
| Tue, 19 Dec 2023 | ₹6.3t | ₹643.2b | ₹107.9b | 28x | 58.7x | 9.8x |
| Thu, 16 Nov 2023 | ₹5.7t | ₹636.8b | ₹106.8b | 24.2x | 53.5x | 9x |
| Sat, 14 Oct 2023 | ₹5.1t | ₹586.8b | ₹81.8b | 31.6x | 62.2x | 8.7x |
| Mon, 11 Sep 2023 | ₹4.9t | ₹583.6b | ₹81.4b | 29.1x | 60x | 8.4x |
| Wed, 09 Aug 2023 | ₹4.5t | ₹584.4b | ₹68.6b | 29.2x | 65.3x | 7.7x |
| Fri, 07 Jul 2023 | ₹4.4t | ₹575.9b | ₹77.7b | 30.6x | 57x | 7.7x |
| Sun, 04 Jun 2023 | ₹4.0t | ₹581.9b | ₹77.1b | 26.7x | 52.3x | 6.9x |
| Tue, 02 May 2023 | ₹3.6t | ₹569.8b | ₹91.2b | 24.6x | 39.8x | 6.4x |
| Thu, 30 Mar 2023 | ₹3.1t | ₹564.7b | ₹90.0b | 21.7x | 34.7x | 5.5x |
| Sat, 25 Feb 2023 | ₹3.1t | ₹559.3b | ₹100.2b | 21.6x | 31.3x | 5.6x |
| Mon, 23 Jan 2023 | ₹3.6t | ₹534.9b | ₹100.5b | 24.4x | 35.5x | 6.7x |
| Wed, 21 Dec 2022 | ₹3.6t | ₹537.1b | ₹89.7b | 25.2x | 39.7x | 6.6x |
| Fri, 18 Nov 2022 | ₹3.6t | ₹517.9b | ₹88.0b | 25.9x | 40.5x | 6.9x |
| Sun, 16 Oct 2022 | ₹3.4t | ₹517.5b | ₹81.6b | 27.1x | 41.5x | 6.5x |
| Tue, 13 Sep 2022 | ₹3.8t | ₹516.3b | ₹74.4b | 27.5x | 51.2x | 7.4x |
| Thu, 11 Aug 2022 | ₹3.4t | ₹506.0b | ₹67.2b | 26.3x | 51.3x | 6.8x |
| Sat, 09 Jul 2022 | ₹3.3t | ₹476.3b | ₹56.9b | 26x | 57.8x | 6.9x |
| Mon, 06 Jun 2022 | ₹3.3t | ₹470.1b | ₹72.5b | 24.7x | 45.1x | 7x |
| Wed, 04 May 2022 | ₹3.5t | ₹443.7b | ₹60.6b | 29.6x | 57.3x | 7.8x |
| Fri, 01 Apr 2022 | ₹3.6t | ₹433.4b | ₹56.7b | 27.9x | 64x | 8.4x |
| Sun, 27 Feb 2022 | ₹3.5t | ₹433.3b | ₹56.7b | 29.1x | 60.9x | 8x |
| Tue, 25 Jan 2022 | ₹3.7t | ₹425.9b | ₹57.0b | 34.8x | 65x | 8.7x |
| Thu, 23 Dec 2021 | ₹3.7t | ₹425.7b | ₹56.4b | 24.1x | 66.1x | 8.8x |
| Sat, 20 Nov 2021 | ₹4.1t | ₹431.3b | ₹57.7b | 29.2x | 71.4x | 9.6x |
| Mon, 18 Oct 2021 | ₹3.9t | ₹398.1b | ₹44.9b | 34x | 87.6x | 9.9x |
| Wed, 15 Sep 2021 | ₹3.1t | ₹419.2b | ₹28.8b | 27.3x | 109.2x | 7.5x |
Price to Earnings Ratio
109.2x
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 51.5x which is lower than its 3-year average PE of 57.3x.
- The 3-year average PS ratio of 8.5x is lower than the industry's current PS ratio of 10.4x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 82% per year over the last three years.
- Revenues for these companies have grown 27% 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 | -1.03% | |
| Real Estate | -1.92% | |
| Real Estate | -2.19% | |
| Real Estate Operating Companies | 2.58% | |
| Real Estate Development | -2.17% | |
| Diversified Real Estate | -2.53% | |
| Real Estate Services | -3.14% | |
Industry PE
- Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 3.7x.
- 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 Operating Companies industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Diversified Real Estate industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| 532929 Brigade Enterprises | ₹1.32k | 9.4% +₹43.4b | 107.4% | PE64.8x | |
| 515055 Anant Raj | ₹613.95 | 3.0% +₹6.0b | 180.2% | PE68.5x | |
| 505355 Nesco | ₹997.70 | 5.8% +₹3.9b | 39.3% | PE19.7x | |
| 507878 Unitech | ₹10.39 | 11.8% +₹2.9b | 329.3% | PS5.8x | |
| 504882 National Standard (India) | ₹4.73k | 3.1% +₹2.9b | -0.7% | PE649.1x |
