MIC Electronics' (NSE:MICEL) Earnings Are Built On Soft Foundations
Nov 19
Indian (NIFTY) Semiconductors Industry Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies9
- 7D1.5%
- 3M10.2%
- 1Y13.4%
- YTD18.5%
Over the last 7 days, the Semiconductors industry has risen 1.9%, driven by gains from Borosil Renewables of 3.8%. During this same period, the Rir Power Electronics underperformed, falling 7.3%. This means that the industry has gained 14% over the past year.
Industry Valuation and Performance
Has the Indian Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | ₹105.7b | ₹22.0b | ₹466.6m | 96.1x | 226.5x | 4.8x |
| Mon, 30 Oct 2023 | ₹98.4b | ₹17.3b | ₹269.5m | 172.6x | 365.2x | 5.7x |
| Wed, 27 Sep 2023 | ₹90.8b | ₹17.2b | ₹271.1m | 174.4x | 334.9x | 5.3x |
| Fri, 25 Aug 2023 | ₹96.2b | ₹17.4b | ₹250.1m | 194.2x | 384.8x | 5.5x |
| Sun, 23 Jul 2023 | ₹95.5b | ₹15.5b | ₹620.5m | 94x | 154x | 6.1x |
| Tue, 20 Jun 2023 | ₹98.8b | ₹15.5b | ₹595.9m | 102.8x | 165.8x | 6.4x |
| Thu, 18 May 2023 | ₹90.2b | ₹13.2b | ₹916.1m | 46.8x | 98.4x | 6.8x |
| Sat, 15 Apr 2023 | ₹79.3b | ₹13.1b | ₹917.5m | 44.6x | 86.5x | 6x |
| Mon, 13 Mar 2023 | ₹81.1b | ₹13.1b | ₹917.5m | 39.8x | 88.3x | 6.2x |
| Wed, 08 Feb 2023 | ₹84.2b | ₹13.0b | ₹1.5b | 50.3x | 55.8x | 6.5x |
| Fri, 06 Jan 2023 | ₹89.0b | ₹13.0b | ₹1.5b | 50.9x | 58.9x | 6.8x |
| Sun, 04 Dec 2022 | ₹92.9b | ₹12.9b | ₹1.5b | 47.5x | 64x | 7.2x |
| Tue, 01 Nov 2022 | ₹96.5b | ₹13.3b | ₹1.6b | 59.7x | 59.9x | 7.2x |
| Thu, 29 Sep 2022 | ₹97.2b | ₹11.6b | ₹1.6b | 48.4x | 62.2x | 8.4x |
| Sat, 27 Aug 2022 | ₹94.7b | ₹11.6b | ₹1.6b | 47.7x | 60.6x | 8.2x |
| Mon, 25 Jul 2022 | ₹103.0b | ₹11.3b | ₹1.7b | 53.7x | 60.1x | 9.1x |
| Wed, 22 Jun 2022 | ₹96.0b | ₹11.3b | ₹1.7b | 48.9x | 56x | 8.5x |
| Fri, 20 May 2022 | ₹100.0b | ₹11.3b | ₹1.7b | 89.1x | 58x | 8.8x |
| Sun, 17 Apr 2022 | ₹104.8b | ₹11.6b | ₹1.9b | 86.1x | 54.4x | 9.1x |
| Tue, 15 Mar 2022 | ₹100.0b | ₹11.6b | ₹1.9b | 69.7x | 51.9x | 8.6x |
| Thu, 10 Feb 2022 | ₹111.3b | ₹11.3b | ₹2.1b | 113.1x | 52.9x | 9.9x |
| Sat, 08 Jan 2022 | ₹114.3b | ₹11.7b | ₹2.1b | 67x | 54.4x | 9.8x |
| Mon, 06 Dec 2021 | ₹88.4b | ₹11.7b | ₹2.1b | 37.8x | 42x | 7.6x |
| Wed, 03 Nov 2021 | ₹72.5b | ₹11.3b | ₹2.1b | 23.2x | 34.8x | 6.4x |
| Fri, 01 Oct 2021 | ₹49.2b | ₹10.8b | ₹1.9b | 26.2x | 26.1x | 4.6x |
| Sun, 29 Aug 2021 | ₹47.2b | ₹10.8b | ₹1.9b | 28x | 25.1x | 4.4x |
| Mon, 05 Jul 2021 | ₹43.4b | ₹10.8b | ₹1.9b | 26.8x | 23x | 4x |
| Thu, 08 Apr 2021 | ₹38.5b | ₹9.7b | ₹1.5b | 30.9x | 25.9x | 4x |
| Sun, 10 Jan 2021 | ₹45.1b | ₹8.1b | ₹849.1m | 107.7x | 53.2x | 5.5x |
Price to Earnings Ratio
62.6x
Current Industry PE
- Investors are optimistic on the Indian Semiconductor industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 228x which is higher than its 3-year average PE of 90.6x.
- The 3-year average PS ratio of 6.6x is higher than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 43% 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 | 2.45% | |
| Tech | 1.50% | |
| Semiconductors | 1.47% | |
| Semiconductor Equipment | 3.78% | |
| Semiconductors | -1.06% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 70.8x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 502219 Borosil Renewables | ₹431.95 | 3.8% +₹2.1b | -19.5% | PE175.8x | |
| 543620 Insolation Energy | ₹632.35 | 2.8% +₹359.4m | 409.3% | PE62.4x |