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Indian (NIFTY) Tech Sector Analysis
UpdatedOct 14, 2024
DataAggregated Company Financials
Companies315
- 7D0.7%
- 3M5.1%
- 1Y30.8%
- YTD17.6%
Over the last 7 days, the Tech industry has remained flat, although notably HCL Technologies gained 4.4%. As for the the longer term, the industry is up 31% over the past 12 months. Earnings are forecast to grow by 13% annually.
Sector Valuation and Performance
Has the Indian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Oct 2024 | ₹45.1t | ₹9.9t | ₹1.3t | 42.2x | 35.3x | 4.6x |
| Thu, 12 Sep 2024 | ₹45.8t | ₹9.9t | ₹1.3t | 42.9x | 36.2x | 4.6x |
| Sat, 10 Aug 2024 | ₹42.1t | ₹9.8t | ₹1.3t | 42.8x | 33.3x | 4.3x |
| Mon, 08 Jul 2024 | ₹41.0t | ₹9.7t | ₹1.2t | 43.2x | 33.1x | 4.2x |
| Wed, 05 Jun 2024 | ₹35.4t | ₹9.7t | ₹1.2t | 35.3x | 28.6x | 3.7x |
| Fri, 03 May 2024 | ₹36.8t | ₹9.7t | ₹1.2t | 47.6x | 29.8x | 3.8x |
| Sun, 31 Mar 2024 | ₹37.6t | ₹9.6t | ₹1.2t | 40.9x | 31.1x | 3.9x |
| Tue, 27 Feb 2024 | ₹39.9t | ₹9.6t | ₹1.2t | 46.6x | 33.1x | 4.2x |
| Thu, 25 Jan 2024 | ₹39.4t | ₹9.6t | ₹1.2t | 46.3x | 32x | 4.1x |
| Sat, 23 Dec 2023 | ₹38.2t | ₹9.5t | ₹1.2t | 46.4x | 31.1x | 4x |
| Mon, 20 Nov 2023 | ₹34.5t | ₹9.5t | ₹1.2t | 40.5x | 28.3x | 3.6x |
| Wed, 18 Oct 2023 | ₹34.1t | ₹9.4t | ₹1.2t | 42x | 27.8x | 3.6x |
| Fri, 15 Sep 2023 | ₹34.6t | ₹9.3t | ₹1.2t | 40.2x | 28.6x | 3.7x |
| Sun, 13 Aug 2023 | ₹32.6t | ₹9.3t | ₹1.2t | 39.3x | 26.9x | 3.5x |
| Tue, 11 Jul 2023 | ₹31.0t | ₹9.0t | ₹1.2t | 33.8x | 26.1x | 3.4x |
| Thu, 08 Jun 2023 | ₹30.8t | ₹9.0t | ₹1.2t | 33.7x | 26x | 3.4x |
| Sat, 06 May 2023 | ₹29.4t | ₹8.9t | ₹1.2t | 29.2x | 24.8x | 3.3x |
| Mon, 03 Apr 2023 | ₹29.8t | ₹8.6t | ₹1.2t | 25.6x | 25.7x | 3.5x |
| Wed, 01 Mar 2023 | ₹31.5t | ₹8.9t | ₹1.2t | 26x | 27.2x | 3.5x |
| Fri, 27 Jan 2023 | ₹32.3t | ₹8.8t | ₹1.1t | 29.4x | 28.2x | 3.7x |
| Sun, 25 Dec 2022 | ₹30.5t | ₹8.5t | ₹1.1t | 27.4x | 27x | 3.6x |
| Tue, 22 Nov 2022 | ₹31.0t | ₹8.5t | ₹1.1t | 28.6x | 27.7x | 3.7x |
| Thu, 20 Oct 2022 | ₹29.9t | ₹8.4t | ₹1.1t | 28.5x | 26.6x | 3.6x |
| Sat, 17 Sep 2022 | ₹28.9t | ₹8.1t | ₹1.1t | 28.6x | 26.2x | 3.6x |
| Mon, 15 Aug 2022 | ₹31.9t | ₹8.1t | ₹1.1t | 27.7x | 29x | 4x |
| Wed, 13 Jul 2022 | ₹29.2t | ₹7.8t | ₹1.1t | 27.6x | 26.3x | 3.7x |
| Fri, 10 Jun 2022 | ₹31.8t | ₹7.7t | ₹1.1t | 28.7x | 29.1x | 4.1x |
| Sun, 08 May 2022 | ₹32.4t | ₹7.6t | ₹1.1t | 31.3x | 29.7x | 4.3x |
| Tue, 05 Apr 2022 | ₹37.4t | ₹7.4t | ₹1.1t | 35.4x | 35.3x | 5.1x |
| Thu, 03 Mar 2022 | ₹34.8t | ₹7.3t | ₹1.1t | 29.6x | 32.9x | 4.7x |
| Sat, 29 Jan 2022 | ₹35.6t | ₹7.3t | ₹1.1t | 32.6x | 33.7x | 4.9x |
| Mon, 27 Dec 2021 | ₹38.7t | ₹7.0t | ₹1.0t | 31.3x | 37.1x | 5.5x |
| Wed, 24 Nov 2021 | ₹36.4t | ₹7.0t | ₹1.0t | 27.6x | 35x | 5.2x |
| Fri, 22 Oct 2021 | ₹36.1t | ₹6.9t | ₹1.1t | 30.4x | 33.7x | 5.2x |
Price to Earnings Ratio
33.7x
Current Industry PE
- Investors are optimistic on the Indian Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 35.3x which is higher than its 3-year average PE of 30.0x.
- The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 6.0% per year over the last three years.
- Revenues for these companies have grown 13% 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 Tech sector?
| IN Market | 0.37% | |
| Tech | 0.66% | |
| Electronic Equipment and Components | 5.53% | |
| Tech Hardware | 4.19% | |
| Semiconductors | 3.79% | |
| Software | 3.54% | |
| IT | 0.12% | |
| Communications | -0.44% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 393x.
- Analysts are expecting annual earnings growth of 38.5%, which is lower than the prior year's growth of 236.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 59% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the IT industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| HCLTECH HCL Technologies | ₹1.86k | 4.4% +₹213.6b | 46.1% | PE30.5x | |
| INFY Infosys | ₹1.96k | 1.3% +₹101.9b | 36.6% | PE30.1x | |
| 507685 Wipro | ₹549.45 | 3.4% +₹94.3b | 34.0% | PE25.7x | |
| 532466 Oracle Financial Services Software | ₹11.73k | 7.3% +₹68.9b | 185.8% | PE43.6x | |
| TECHM Tech Mahindra | ₹1.69k | 4.6% +₹65.4b | 42.9% | PE59.5x |
