Revenues Tell The Story For Kaynes Technology India Limited (NSE:KAYNES) As Its Stock Soars 30%
Apr 16
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Indian (NIFTY) Tech Sector Analysis
UpdatedApr 17, 2025
DataAggregated Company Financials
Companies324
- 7D3.1%
- 3M-22.1%
- 1Y-6.2%
- YTD-23.4%
In the last week, the Tech industry is up 3.1%, with HCL Technologies up 3.7%. Meanwhile, TechNVision Ventures actually underperformed within the industry, shrinking 14% in the last week. However, the industry is down 6.2% over the past year. Looking forward, earnings are forecast to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Thu, 17 Apr 2025 | ₹36.2t | ₹10.7t | ₹1.4t | 30.1x | 26.1x | 3.4x |
| Sat, 15 Mar 2025 | ₹38.1t | ₹10.7t | ₹1.4t | 30.2x | 27.4x | 3.6x |
| Mon, 10 Feb 2025 | ₹44.6t | ₹10.6t | ₹1.4t | 37.1x | 32.2x | 4.2x |
| Wed, 08 Jan 2025 | ₹46.7t | ₹10.3t | ₹1.3t | 41.6x | 35x | 4.5x |
| Fri, 06 Dec 2024 | ₹48.2t | ₹10.2t | ₹1.3t | 42.1x | 36.5x | 4.7x |
| Sun, 03 Nov 2024 | ₹44.0t | ₹10.2t | ₹1.3t | 41.5x | 33.4x | 4.3x |
| Tue, 01 Oct 2024 | ₹45.0t | ₹9.9t | ₹1.3t | 41.7x | 35.5x | 4.6x |
| Thu, 29 Aug 2024 | ₹45.5t | ₹9.9t | ₹1.3t | 43x | 35.9x | 4.6x |
| Sat, 27 Jul 2024 | ₹44.0t | ₹9.8t | ₹1.3t | 42.3x | 34.8x | 4.5x |
| Mon, 24 Jun 2024 | ₹38.6t | ₹9.7t | ₹1.2t | 41.4x | 31.3x | 4x |
| Wed, 22 May 2024 | ₹36.7t | ₹9.7t | ₹1.2t | 43.3x | 29.8x | 3.8x |
| Fri, 19 Apr 2024 | ₹36.7t | ₹9.7t | ₹1.2t | 45.7x | 29.7x | 3.8x |
| Sun, 17 Mar 2024 | ₹40.0t | ₹9.6t | ₹1.2t | 40.6x | 33.2x | 4.2x |
| Tue, 13 Feb 2024 | ₹40.1t | ₹9.5t | ₹1.2t | 45.5x | 33.3x | 4.2x |
| Thu, 11 Jan 2024 | ₹37.5t | ₹9.5t | ₹1.2t | 47.7x | 30.6x | 3.9x |
| Sat, 09 Dec 2023 | ₹36.2t | ₹9.5t | ₹1.2t | 43x | 29.4x | 3.8x |
| Mon, 06 Nov 2023 | ₹33.0t | ₹9.4t | ₹1.2t | 41.8x | 27x | 3.5x |
| Wed, 04 Oct 2023 | ₹33.8t | ₹9.3t | ₹1.2t | 40.2x | 27.8x | 3.6x |
| Fri, 01 Sep 2023 | ₹32.8t | ₹9.3t | ₹1.2t | 39x | 27.1x | 3.5x |
| Sun, 30 Jul 2023 | ₹31.5t | ₹9.2t | ₹1.2t | 36.7x | 26.1x | 3.4x |
| Tue, 27 Jun 2023 | ₹30.5t | ₹9.0t | ₹1.2t | 34.1x | 25.7x | 3.4x |
| Thu, 25 May 2023 | ₹30.6t | ₹9.0t | ₹1.2t | 29.7x | 25.6x | 3.4x |
| Sat, 22 Apr 2023 | ₹28.6t | ₹8.7t | ₹1.2t | 28.6x | 24.4x | 3.3x |
| Mon, 20 Mar 2023 | ₹29.9t | ₹8.6t | ₹1.2t | 25.2x | 25.7x | 3.5x |
| Wed, 15 Feb 2023 | ₹32.8t | ₹8.9t | ₹1.2t | 27.6x | 28.4x | 3.7x |
| Fri, 13 Jan 2023 | ₹31.3t | ₹8.6t | ₹1.1t | 28.8x | 27.6x | 3.6x |
| Sun, 11 Dec 2022 | ₹31.6t | ₹8.5t | ₹1.1t | 30x | 28x | 3.7x |
| Tue, 08 Nov 2022 | ₹30.6t | ₹8.5t | ₹1.1t | 30.5x | 27.3x | 3.6x |
| Thu, 06 Oct 2022 | ₹29.6t | ₹8.1t | ₹1.1t | 25.9x | 26.6x | 3.6x |
| Sat, 03 Sep 2022 | ₹29.8t | ₹8.1t | ₹1.1t | 28.8x | 27.1x | 3.7x |
| Mon, 01 Aug 2022 | ₹31.0t | ₹8.0t | ₹1.1t | 27.1x | 28.1x | 3.9x |
| Wed, 29 Jun 2022 | ₹30.6t | ₹7.7t | ₹1.1t | 27.3x | 27.9x | 4x |
| Fri, 27 May 2022 | ₹29.5t | ₹7.7t | ₹1.1t | 25.8x | 26.9x | 3.9x |
| Sun, 24 Apr 2022 | ₹34.3t | ₹7.5t | ₹1.1t | 33.1x | 31.6x | 4.6x |
Price to Earnings Ratio
31.6x
Current Industry PE
- Investors are pessimistic on the Indian Information Technology 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 26.1x which is lower than its 3-year average PE of 29.6x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 8.4% per year over the last three years.
- Revenues for these companies have grown 12% 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 | 5.34% | |
| Tech | 3.10% | |
| Electronic Equipment and Components | 10.51% | |
| Communications | 7.49% | |
| Semiconductors | 6.85% | |
| Software | 6.56% | |
| Tech Hardware | 5.46% | |
| IT | 2.20% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 36.7x.
- Analysts are expecting annual earnings decline of 1.9%, which is lower than the prior year's growth of 25.0% per year.
- Investors are most pessimistic about the IT industry, which is trading below its 3-year average of 28.1x.
Forecasted Growth
- Analysts are most optimistic on the Tech Hardware industry, expecting annual earnings growth of 38% over the next 5 years.
- However this is lower than its past earnings growth rate of 94% per year.
- In contrast, the Communications industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| TCS Tata Consultancy Services | ₹3.30k | 1.6% +₹189.2b | -14.6% | PE24.6x | |
| HCLTECH HCL Technologies | ₹1.44k | 4.2% +₹157.2b | -2.0% | PE22.5x | |
| INFY Infosys | ₹1.42k | 1.1% +₹65.5b | 0.02% | PE20.8x | |
| PERSISTENT Persistent Systems | ₹4.84k | 9.8% +₹64.4b | 25.8% | PE54.5x | |
| KAYNES Kaynes Technology India | ₹5.64k | 16.7% +₹51.7b | 121.4% | PE139.5x |
