This Broker Just Slashed Their Elin Electronics Limited (NSE:ELIN) Earnings Forecasts
Nov 23
Indian (NIFTY) Electronic Equipment and Components Industry Analysis
UpdatedDec 05, 2023
DataAggregated Company Financials
Companies59
- 7D0.4%
- 3M1.2%
- 1Y33.7%
- YTD34.9%
The Electronic Equipment and Components is pretty flat in the last 7 days, but Optiemus Infracom has stood out, gaining 9.9%. The past year has been better, since the industry has gained 34% in that time. Earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Indian Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 Dec 2023 | ₹1.1t | ₹1.1t | ₹29.7b | 51.5x | 38.2x | 1x |
| Thu, 02 Nov 2023 | ₹1.1t | ₹1.1t | ₹30.4b | 56.5x | 36x | 1x |
| Sat, 30 Sep 2023 | ₹1.1t | ₹1.1t | ₹29.7b | 48.8x | 37.8x | 1x |
| Mon, 28 Aug 2023 | ₹1.1t | ₹1.1t | ₹29.5b | 51.9x | 35.7x | 1x |
| Wed, 26 Jul 2023 | ₹1.0t | ₹1.0t | ₹28.9b | 43.9x | 35.5x | 1x |
| Fri, 23 Jun 2023 | ₹928.0b | ₹1.0t | ₹30.0b | 40.1x | 30.9x | 0.9x |
| Sun, 21 May 2023 | ₹797.5b | ₹1.0t | ₹25.8b | 30.1x | 30.9x | 0.8x |
| Tue, 18 Apr 2023 | ₹744.9b | ₹968.4b | ₹25.0b | 25.6x | 29.8x | 0.8x |
| Thu, 16 Mar 2023 | ₹695.0b | ₹959.9b | ₹24.4b | 23.4x | 28.5x | 0.7x |
| Sat, 11 Feb 2023 | ₹734.1b | ₹955.6b | ₹24.3b | 27x | 30.3x | 0.8x |
| Mon, 09 Jan 2023 | ₹745.1b | ₹896.6b | ₹23.4b | 30.2x | 31.8x | 0.8x |
| Wed, 07 Dec 2022 | ₹743.8b | ₹884.8b | ₹23.0b | 30.5x | 32.3x | 0.8x |
| Fri, 04 Nov 2022 | ₹661.9b | ₹826.9b | ₹22.0b | 31.6x | 30.1x | 0.8x |
| Sun, 02 Oct 2022 | ₹642.4b | ₹826.0b | ₹21.8b | 25x | 29.5x | 0.8x |
| Tue, 30 Aug 2022 | ₹622.3b | ₹815.9b | ₹21.2b | 22.5x | 29.3x | 0.8x |
| Thu, 28 Jul 2022 | ₹572.7b | ₹769.8b | ₹19.6b | 26.6x | 29.2x | 0.7x |
| Sat, 25 Jun 2022 | ₹516.5b | ₹768.7b | ₹19.3b | 24.9x | 26.8x | 0.7x |
| Mon, 23 May 2022 | ₹517.0b | ₹747.6b | ₹17.4b | 32.5x | 29.8x | 0.7x |
| Wed, 20 Apr 2022 | ₹624.7b | ₹743.2b | ₹17.6b | 36.4x | 35.5x | 0.8x |
| Fri, 18 Mar 2022 | ₹589.4b | ₹743.1b | ₹17.8b | 36.9x | 33.1x | 0.8x |
| Sun, 13 Feb 2022 | ₹650.8b | ₹739.1b | ₹18.5b | 41.2x | 35.2x | 0.9x |
| Tue, 11 Jan 2022 | ₹649.3b | ₹738.2b | ₹16.6b | 42x | 39.2x | 0.9x |
| Thu, 09 Dec 2021 | ₹594.1b | ₹738.2b | ₹16.6b | 25.2x | 35.9x | 0.8x |
| Sat, 06 Nov 2021 | ₹610.0b | ₹720.1b | ₹15.4b | 26x | 39.7x | 0.8x |
| Mon, 04 Oct 2021 | ₹615.2b | ₹719.3b | ₹15.4b | 24x | 39.9x | 0.9x |
| Wed, 01 Sep 2021 | ₹557.3b | ₹718.5b | ₹15.4b | 23x | 36.3x | 0.8x |
| Thu, 08 Jul 2021 | ₹555.0b | ₹718.5b | ₹15.4b | 18.6x | 36.1x | 0.8x |
| Wed, 31 Mar 2021 | ₹557.1b | ₹687.0b | ₹13.5b | 17.4x | 41.3x | 0.8x |
| Sat, 02 Jan 2021 | ₹432.8b | ₹657.3b | ₹10.1b | 21.9x | 42.9x | 0.7x |
Price to Earnings Ratio
42.9x
Current Industry PE
- Investors are optimistic on the Indian Electronic industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 38.2x which is higher than its 3-year average PE of 35.0x.
- The 3-year average PS ratio of 0.81x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 43% per year over the last three years.
- Revenues for these companies have grown 20% 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 industry?
| IN Market | 4.17% | |
| Tech | 1.85% | |
| Electronic Equipment and Components | 0.45% | |
| Electronic Manufacturing Services | 1.32% | |
| Technology Distributors | 1.12% | |
| Electronic Components | 1.08% | |
| Electronic Equipment and Instruments | -0.56% | |
Industry PE
- Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio of 29.2x.
- Analysts expect its future annual earnings growth (37.2%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Technology Distributors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.4x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Manufacturing Services industry, expecting annual earnings growth of 37% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| 530135 Optiemus Infracom | ₹346.30 | 9.9% +₹2.7b | 35.7% | PE66.7x | |
| SYRMA Syrma SGS Technology | ₹574.10 | 2.5% +₹2.5b | 105.6% | PE77x | |
| AVALON Avalon Technologies | ₹508.85 | 6.2% +₹2.0b | n/a | PE78.2x | |
| KAYNES Kaynes Technology India | ₹2.48k | 1.2% +₹1.7b | 234.3% | PE119.1x | |
| CYIENTDLM Cyient DLM | ₹658.35 | 2.1% +₹1.1b | n/a | PE136.3x |