Nitiraj Engineers Limited (NSE:NITIRAJ) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough
Aug 24
Indian (NIFTY) Electronic Equipment and Components Industry Analysis
UpdatedAug 26, 2024
DataAggregated Company Financials
Companies65
- 7D4.4%
- 3M26.3%
- 1Y66.0%
- YTD48.4%
In the last week, the Electronic Equipment and Components industry is up 4.4%, with Zen Technologies up 11%. In the last 12 months, the industry was up 66%. Earnings are forecast to grow by 30% 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 |
|---|---|---|---|---|---|---|
| Mon, 26 Aug 2024 | ₹1.9t | ₹1.3t | ₹30.9b | 45.8x | 60.5x | 1.4x |
| Wed, 24 Jul 2024 | ₹1.7t | ₹1.3t | ₹29.1b | 48.8x | 57.6x | 1.3x |
| Fri, 21 Jun 2024 | ₹1.6t | ₹1.3t | ₹28.9b | 45.7x | 55.4x | 1.2x |
| Sun, 19 May 2024 | ₹1.4t | ₹1.3t | ₹31.9b | 54.9x | 45.4x | 1.1x |
| Tue, 16 Apr 2024 | ₹1.3t | ₹1.3t | ₹31.3b | 46.9x | 42.5x | 1.1x |
| Thu, 14 Mar 2024 | ₹1.2t | ₹1.3t | ₹31.4b | 49.2x | 37.7x | 0.9x |
| Sat, 10 Feb 2024 | ₹1.3t | ₹1.1t | ₹30.3b | 51.9x | 41.7x | 1.1x |
| Mon, 08 Jan 2024 | ₹1.2t | ₹1.1t | ₹29.7b | 54.2x | 39.7x | 1.1x |
| Wed, 06 Dec 2023 | ₹1.1t | ₹1.1t | ₹29.7b | 50.5x | 38x | 1x |
| Fri, 03 Nov 2023 | ₹1.1t | ₹1.1t | ₹30.4b | 55.9x | 35.8x | 1x |
| Sun, 01 Oct 2023 | ₹1.1t | ₹1.1t | ₹29.7b | 48.8x | 37.9x | 1x |
| Tue, 29 Aug 2023 | ₹1.1t | ₹1.1t | ₹29.5b | 57x | 36.3x | 1x |
| Thu, 27 Jul 2023 | ₹1.0t | ₹1.0t | ₹28.9b | 43.3x | 35.3x | 1x |
| Sat, 24 Jun 2023 | ₹905.1b | ₹1.0t | ₹30.0b | 40.6x | 30.2x | 0.9x |
| Mon, 22 May 2023 | ₹797.5b | ₹1.0t | ₹25.8b | 30.1x | 30.9x | 0.8x |
| Wed, 19 Apr 2023 | ₹743.5b | ₹968.4b | ₹25.0b | 25.2x | 29.8x | 0.8x |
| Fri, 17 Mar 2023 | ₹690.6b | ₹959.9b | ₹24.4b | 24x | 28.4x | 0.7x |
| Sun, 12 Feb 2023 | ₹734.0b | ₹957.0b | ₹24.3b | 28.6x | 30.1x | 0.8x |
| Tue, 10 Jan 2023 | ₹752.4b | ₹896.6b | ₹23.4b | 30.4x | 32.1x | 0.8x |
| Thu, 08 Dec 2022 | ₹748.2b | ₹884.8b | ₹23.0b | 29.7x | 32.5x | 0.8x |
| Sat, 05 Nov 2022 | ₹670.6b | ₹864.6b | ₹22.8b | 33x | 29.4x | 0.8x |
| Mon, 03 Oct 2022 | ₹642.4b | ₹826.0b | ₹21.8b | 25x | 29.5x | 0.8x |
| Wed, 31 Aug 2022 | ₹627.6b | ₹815.9b | ₹21.2b | 22.9x | 29.6x | 0.8x |
| Fri, 29 Jul 2022 | ₹572.7b | ₹769.8b | ₹19.6b | 26.6x | 29.2x | 0.7x |
| Sun, 26 Jun 2022 | ₹516.5b | ₹768.7b | ₹19.3b | 24.9x | 26.8x | 0.7x |
| Tue, 24 May 2022 | ₹513.1b | ₹747.3b | ₹17.4b | 32.1x | 29.5x | 0.7x |
| Thu, 21 Apr 2022 | ₹630.7b | ₹743.2b | ₹17.6b | 38.6x | 35.8x | 0.8x |
| Sat, 19 Mar 2022 | ₹589.4b | ₹743.1b | ₹17.8b | 36.9x | 33.1x | 0.8x |
| Mon, 14 Feb 2022 | ₹650.6b | ₹740.3b | ₹18.6b | 39x | 35x | 0.9x |
| Wed, 12 Jan 2022 | ₹644.8b | ₹738.2b | ₹16.6b | 40.6x | 38.9x | 0.9x |
| Fri, 10 Dec 2021 | ₹592.2b | ₹738.2b | ₹16.6b | 25.7x | 35.8x | 0.8x |
| Sun, 07 Nov 2021 | ₹610.0b | ₹720.1b | ₹15.4b | 26x | 39.7x | 0.8x |
| Tue, 05 Oct 2021 | ₹629.9b | ₹719.3b | ₹15.4b | 23.8x | 40.9x | 0.9x |
| Thu, 02 Sep 2021 | ₹560.3b | ₹718.5b | ₹15.4b | 23.4x | 36.5x | 0.8x |
Price to Earnings Ratio
36.5x
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 60.5x which is higher than its 3-year average PE of 36.3x.
- The 3-year average PS ratio of 0.90x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 26% per year over the last three years.
- Revenues for these companies have grown 23% 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 | 1.84% | |
| Tech | 1.10% | |
| Electronic Equipment and Components | 4.44% | |
| Technology Distributors | 6.83% | |
| Electronic Manufacturing Services | 4.47% | |
| Electronic Equipment and Instruments | 3.82% | |
| Electronic Components | 1.85% | |
Industry PE
- Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio of 67.5x.
- Analysts are expecting annual earnings growth of 30.2%, which is lower than the prior year's growth of 90.7% per year.
- 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 14.0x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 113% over the next 5 years.
- This is better than its past earnings growth rate of 23% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 533339 Zen Technologies | ₹1.88k | 10.6% +₹26.8b | 130.6% | PE107.5x | |
| 530343 Genus Power Infrastructures | ₹447.95 | 9.7% +₹11.0b | 69.8% | PE110.5x | |
| 530135 Optiemus Infracom | ₹588.70 | 16.4% +₹7.1b | 107.3% | PE84.9x | |
| KERNEX Kernex Microsystems (India) | ₹1.01k | 15.4% +₹2.2b | 146.0% | PS35.7x | |
| ELIN Elin Electronics | ₹247.74 | 16.0% +₹1.7b | 51.7% | PE76.8x |
