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Indian (NIFTY) Market Analysis & Valuation

UpdatedJul 19, 2025
DataAggregated Company Financials
Companies4702
  • 7D0.3%
  • 3M7.9%
  • 1Y-1.2%
  • YTD1.2%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. In line with that, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 15% annually.

Market Valuation and Performance

Has the Indian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 19 Jul 2025₹456.5t₹173.4t₹17.0t30.1x26.8x2.6x
Mon, 16 Jun 2025₹445.9t₹173.4t₹17.1t29.6x26x2.6x
Wed, 14 May 2025₹427.4t₹170.8t₹16.9t26.7x25.3x2.5x
Fri, 11 Apr 2025₹389.5t₹169.0t₹16.8t24.9x23.2x2.3x
Sun, 09 Mar 2025₹394.2t₹169.1t₹16.8t25.8x23.5x2.3x
Tue, 04 Feb 2025₹414.3t₹163.4t₹16.4t28.7x25.2x2.5x
Thu, 02 Jan 2025₹442.4t₹167.9t₹16.4t32.7x27x2.6x
Sat, 30 Nov 2024₹444.7t₹167.5t₹16.3t31.8x27.2x2.7x
Mon, 28 Oct 2024₹435.1t₹165.8t₹16.2t31.5x26.9x2.6x
Wed, 25 Sep 2024₹472.9t₹163.0t₹16.0t34.4x29.5x2.9x
Fri, 23 Aug 2024₹456.5t₹162.7t₹16.0t33.9x28.6x2.8x
Sun, 21 Jul 2024₹444.4t₹160.3t₹15.8t33.4x28.1x2.8x
Tue, 18 Jun 2024₹433.0t₹160.1t₹15.8t32.2x27.4x2.7x
Thu, 16 May 2024₹400.8t₹158.0t₹15.4t31.4x26x2.5x
Sat, 13 Apr 2024₹394.8t₹154.9t₹14.8t31x26.7x2.5x
Mon, 11 Mar 2024₹388.3t₹154.8t₹14.8t30.6x26.3x2.5x
Wed, 07 Feb 2024₹382.0t₹154.2t₹14.7t32.3x26x2.5x
Fri, 05 Jan 2024₹361.7t₹152.3t₹14.2t30.4x25.5x2.4x
Sun, 03 Dec 2023₹334.1t₹152.1t₹14.1t28.2x23.7x2.2x
Tue, 31 Oct 2023₹308.0t₹152.0t₹13.6t27.7x22.6x2x
Thu, 28 Sep 2023₹321.9t₹152.2t₹13.4t27.5x24x2.1x
Sat, 26 Aug 2023₹308.9t₹152.3t₹13.4t26.7x23.1x2x
Mon, 24 Jul 2023₹304.3t₹150.8t₹12.6t26.4x24.2x2x
Wed, 21 Jun 2023₹290.8t₹149.9t₹12.5t25.4x23.3x1.9x
Fri, 19 May 2023₹273.1t₹149.3t₹12.5t22.9x21.9x1.8x
Sun, 16 Apr 2023₹263.4t₹145.0t₹12.2t21.7x21.6x1.8x
Tue, 14 Mar 2023₹255.9t₹144.9t₹12.2t21x21.1x1.8x
Thu, 09 Feb 2023₹263.3t₹143.1t₹12.0t22x21.9x1.8x
Sat, 07 Jan 2023₹277.4t₹139.3t₹11.9t22.9x23.3x2x
Mon, 05 Dec 2022₹287.7t₹139.1t₹11.9t22.9x24.2x2.1x
Wed, 02 Nov 2022₹275.8t₹134.4t₹11.8t22x23.4x2.1x
Fri, 30 Sep 2022₹261.8t₹131.2t₹11.9t21.5x22x2x
Sun, 28 Aug 2022₹269.8t₹130.9t₹11.8t21x22.8x2.1x
Tue, 26 Jul 2022₹253.8t₹123.4t₹11.4t21.5x22.2x2.1x
Price to Earnings Ratio

22.2x


Total Market Cap: ₹253.8tTotal Earnings: ₹11.4tTotal Revenue: ₹123.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 24.7x202320242025
Current Market PE
  • Investors are relatively neutral on the Indian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 24.7x.
Past Earnings Growth
  • The earnings for Indian listed companies have grown 14% 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.

Sector Trends

Which sectors have driven the changes within the Indian Market?

IN Market0.28%
Real Estate2.53%
Healthcare1.82%
Consumer Staples1.43%
Consumer Discretionary1.38%
Materials0.66%
Utilities0.082%
Financials-0.13%
Energy-0.18%
Industrials-0.39%
Telecom-0.59%
Tech-1.29%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading close to its 3-year average PE ratio of 50.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.9%, which is higher than its past year's earnings growth of 15.5% per year.
  • The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 13.4x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Tech sector is expected to see its earnings grow by 10% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
M&M Mahindra & Mahindra₹3.19k3.9%
+₹133.1b
16.1%PE27.6xConsumer Discretionary
SBIN State Bank of India₹823.351.8%
+₹131.2b
-7.4%PB1.5xFinancials
VBL Varun Beverages₹484.857.2%
+₹110.2b
-22.3%PE58.9xConsumer Staples
HDFCAMC HDFC Asset Management₹5.59k9.3%
+₹101.4b
37.5%PE45.9xFinancials
PATANJALI Patanjali Foods₹1.94k16.6%
+₹100.2b
21.8%PE54.1xConsumer Staples
See more

Market Insights

The tide is turning for UK & European markets. Index ETFs won’t cut it since sector spreads are massive. Picking the right companies matters now more than ever.

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