Revenue Beat: Netweb Technologies India Limited Beat Analyst Estimates By 13%
Jul 24
Indian (NIFTY) Tech Hardware Industry Analysis
UpdatedAug 01, 2024
DataAggregated Company Financials
Companies7
- 7D-3.2%
- 3M29.5%
- 1Y147.0%
- YTD77.6%
Over the last 7 days, the Tech Hardware industry has dropped 1.5%, driven by a pullback from Netweb Technologies India of 4.5%. Meanwhile, Cellecor Gadgets actually outperformed within the industry, gaining 11% in the last week. This takes the industry's 12 month performance to a gain of 143%. Looking forward, earnings are forecast to grow by 36% annually.
Industry Valuation and Performance
Has the Indian Tech Hardware Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Aug 2024 | ₹150.2b | ₹19.3b | ₹1.1b | 74x | 141.8x | 7.8x |
| Sat, 29 Jun 2024 | ₹163.8b | ₹18.4b | ₹951.4m | 64.7x | 172.1x | 8.9x |
| Mon, 27 May 2024 | ₹134.7b | ₹18.0b | ₹938.4m | 120.9x | 143.5x | 7.5x |
| Wed, 24 Apr 2024 | ₹107.7b | ₹15.0b | ₹708.5m | 126.5x | 152x | 7.2x |
| Fri, 22 Mar 2024 | ₹103.7b | ₹15.1b | ₹707.9m | 123.3x | 146.4x | 6.9x |
| Sun, 18 Feb 2024 | ₹96.5b | ₹14.1b | ₹677.5m | 143.9x | 142.4x | 6.8x |
| Tue, 16 Jan 2024 | ₹94.7b | ₹13.3b | ₹663.2m | 108.6x | 142.8x | 7.1x |
| Thu, 14 Dec 2023 | ₹80.8b | ₹13.3b | ₹663.2m | 107.5x | 121.9x | 6.1x |
| Sat, 11 Nov 2023 | ₹57.3b | ₹13.3b | ₹677.6m | 97.1x | 84.6x | 4.3x |
| Mon, 09 Oct 2023 | ₹55.6b | ₹8.9b | ₹507.2m | 96.2x | 109.5x | 6.2x |
| Wed, 06 Sep 2023 | ₹58.7b | ₹8.9b | ₹507.2m | 100.7x | 115.8x | 6.6x |
| Fri, 04 Aug 2023 | ₹60.8b | ₹9.2b | ₹553.1m | 73.2x | 110x | 6.6x |
| Sun, 02 Jul 2023 | ₹11.3b | ₹4.8b | ₹83.7m | 79.1x | 135.2x | 2.4x |
| Tue, 30 May 2023 | ₹10.6b | ₹4.8b | ₹78.9m | 67.9x | 134.4x | 2.2x |
| Thu, 27 Apr 2023 | ₹10.2b | ₹4.8b | ₹126.8m | 56.9x | 80.2x | 2.1x |
| Sat, 25 Mar 2023 | ₹10.0b | ₹4.8b | ₹126.8m | 52.6x | 78.9x | 2.1x |
| Mon, 20 Feb 2023 | ₹10.5b | ₹4.8b | ₹126.8m | 68.5x | 83x | 2.2x |
| Wed, 18 Jan 2023 | ₹11.1b | ₹4.8b | ₹169.2m | 43.2x | 65.8x | 2.3x |
| Fri, 16 Dec 2022 | ₹10.6b | ₹4.8b | ₹169.2m | 42.1x | 62.6x | 2.2x |
| Sun, 13 Nov 2022 | ₹10.6b | ₹4.5b | ₹200.6m | 55.4x | 52.9x | 2.3x |
| Tue, 11 Oct 2022 | ₹9.3b | ₹4.5b | ₹200.6m | 54.9x | 46.3x | 2x |
| Thu, 08 Sep 2022 | ₹10.3b | ₹4.5b | ₹200.6m | 60.1x | 51.3x | 2.3x |
| Sat, 06 Aug 2022 | ₹8.1b | ₹4.1b | ₹155.5m | 47.8x | 52.4x | 2x |
| Mon, 04 Jul 2022 | ₹6.9b | ₹4.1b | ₹155.5m | 43.3x | 44.7x | 1.7x |
| Wed, 01 Jun 2022 | ₹8.2b | ₹4.1b | ₹131.9m | 44x | 62x | 2x |
| Fri, 29 Apr 2022 | ₹9.3b | ₹3.7b | ₹103.0m | 94.5x | 90.2x | 2.5x |
| Sun, 27 Mar 2022 | ₹8.6b | ₹3.7b | ₹103.0m | 67.5x | 83.4x | 2.3x |
| Tue, 22 Feb 2022 | ₹9.2b | ₹3.7b | ₹103.0m | 73.3x | 89.6x | 2.5x |
| Thu, 20 Jan 2022 | ₹9.7b | ₹3.5b | ₹95.8m | 55.3x | 100.9x | 2.8x |
| Sat, 18 Dec 2021 | ₹8.9b | ₹3.5b | ₹95.8m | 27.9x | 92.6x | 2.5x |
| Mon, 15 Nov 2021 | ₹9.0b | ₹3.3b | ₹41.4m | 46.2x | 216.3x | 2.7x |
| Wed, 13 Oct 2021 | ₹9.0b | ₹3.3b | ₹41.4m | 43.2x | 216.9x | 2.7x |
| Fri, 10 Sep 2021 | ₹9.1b | ₹3.3b | ₹41.4m | 39.8x | 219.7x | 2.7x |
| Sun, 08 Aug 2021 | ₹9.4b | ₹5.3b | ₹115.3m | 30.8x | 81.2x | 1.8x |
Price to Earnings Ratio
81.2x
Current Industry PE
- Investors are optimistic on the Indian Tech industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 143x which is higher than its 3-year average PE of 106x.
- The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 7.8x.
Past Earnings Growth
- The earnings for companies in the Tech industry have grown 109% per year over the last three years.
- Revenues for these companies have grown 53% 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 | 2.84% | |
| Tech | 1.82% | |
| Tech Hardware | -3.20% | |
| Tech Hardware Storage and Peripherals | -3.20% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CELLECOR Cellecor Gadgets | ₹314.80 | 11.0% +₹652.1m | n/a | PE41x | |
| TVSELECT TVS Electronics | ₹381.10 | 5.3% +₹358.1m | 1.9% | PE2632.5x | |
| 517119 PCS Technology | ₹33.21 | 17.4% +₹103.1m | 135.7% | PE68x | |
| PANACHE Panache Digilife | ₹133.00 | 5.6% +₹84.0m | 90.4% | PS1.7x | |
| ESCONET Esconet Technologies | ₹325.20 | 0.4% +₹17.3m | n/a | PE74x |
