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Indian (NIFTY) Market Analysis & Valuation
UpdatedJul 21, 2024
DataAggregated Company Financials
Companies4344
- 7D-1.3%
- 3M12.6%
- 1Y43.0%
- YTD20.8%
Over the last 7 days, the market has dropped 1.3%, driven by a loss of 4.8% in the Industrials sector. In contrast to the last week, the market is actually up 43% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.
Market Valuation and Performance
Has the Indian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 21 Jul 2024 | ₹444.4t | ₹160.3t | ₹15.8t | 33.4x | 28.1x | 2.8x |
| Tue, 18 Jun 2024 | ₹433.0t | ₹160.1t | ₹15.8t | 32.2x | 27.4x | 2.7x |
| Thu, 16 May 2024 | ₹400.8t | ₹158.0t | ₹15.4t | 31.4x | 26x | 2.5x |
| Sat, 13 Apr 2024 | ₹394.8t | ₹154.9t | ₹14.8t | 31x | 26.7x | 2.5x |
| Mon, 11 Mar 2024 | ₹388.3t | ₹154.8t | ₹14.8t | 30.6x | 26.3x | 2.5x |
| Wed, 07 Feb 2024 | ₹382.0t | ₹154.2t | ₹14.7t | 32.3x | 26x | 2.5x |
| Fri, 05 Jan 2024 | ₹361.7t | ₹152.3t | ₹14.2t | 30.4x | 25.5x | 2.4x |
| Sun, 03 Dec 2023 | ₹334.1t | ₹152.1t | ₹14.1t | 28.2x | 23.7x | 2.2x |
| Tue, 31 Oct 2023 | ₹308.0t | ₹152.0t | ₹13.6t | 27.7x | 22.6x | 2x |
| Thu, 28 Sep 2023 | ₹321.9t | ₹152.2t | ₹13.4t | 27.5x | 24x | 2.1x |
| Sat, 26 Aug 2023 | ₹308.9t | ₹152.3t | ₹13.4t | 26.7x | 23.1x | 2x |
| Mon, 24 Jul 2023 | ₹304.3t | ₹150.8t | ₹12.6t | 26.4x | 24.2x | 2x |
| Wed, 21 Jun 2023 | ₹290.8t | ₹149.9t | ₹12.5t | 25.4x | 23.3x | 1.9x |
| Fri, 19 May 2023 | ₹273.1t | ₹149.3t | ₹12.5t | 22.9x | 21.9x | 1.8x |
| Sun, 16 Apr 2023 | ₹263.4t | ₹145.0t | ₹12.2t | 21.7x | 21.6x | 1.8x |
| Tue, 14 Mar 2023 | ₹255.9t | ₹144.9t | ₹12.2t | 21x | 21.1x | 1.8x |
| Thu, 09 Feb 2023 | ₹263.3t | ₹143.1t | ₹12.0t | 22x | 21.9x | 1.8x |
| Sat, 07 Jan 2023 | ₹277.4t | ₹139.3t | ₹11.9t | 22.9x | 23.3x | 2x |
| Mon, 05 Dec 2022 | ₹287.7t | ₹139.1t | ₹11.9t | 22.9x | 24.2x | 2.1x |
| Wed, 02 Nov 2022 | ₹275.8t | ₹134.4t | ₹11.8t | 22x | 23.4x | 2.1x |
| Fri, 30 Sep 2022 | ₹261.8t | ₹131.2t | ₹11.9t | 21.5x | 22x | 2x |
| Sun, 28 Aug 2022 | ₹269.8t | ₹130.9t | ₹11.8t | 21x | 22.8x | 2.1x |
| Tue, 26 Jul 2022 | ₹253.8t | ₹123.4t | ₹11.4t | 21.5x | 22.2x | 2.1x |
| Thu, 23 Jun 2022 | ₹231.8t | ₹122.1t | ₹11.4t | 19.5x | 20.4x | 1.9x |
| Sat, 21 May 2022 | ₹248.4t | ₹119.1t | ₹11.3t | 20.5x | 22x | 2.1x |
| Mon, 18 Apr 2022 | ₹265.3t | ₹108.4t | ₹10.6t | 22.2x | 25.1x | 2.4x |
| Wed, 16 Mar 2022 | ₹245.7t | ₹108.4t | ₹10.6t | 20.1x | 23.1x | 2.3x |
| Fri, 11 Feb 2022 | ₹261.3t | ₹106.7t | ₹10.5t | 21.7x | 24.9x | 2.4x |
| Sun, 09 Jan 2022 | ₹266.2t | ₹101.8t | ₹9.9t | 22.5x | 26.9x | 2.6x |
| Tue, 07 Dec 2021 | ₹252.1t | ₹101.7t | ₹9.9t | 18.8x | 25.5x | 2.5x |
| Thu, 04 Nov 2021 | ₹259.0t | ₹99.8t | ₹9.3t | 20.9x | 27.8x | 2.6x |
| Sat, 02 Oct 2021 | ₹254.6t | ₹96.1t | ₹8.9t | 21x | 28.6x | 2.7x |
| Mon, 30 Aug 2021 | ₹243.1t | ₹96.6t | ₹8.9t | 19.3x | 27.3x | 2.5x |
Price to Earnings Ratio
26.5x
Current Market PE
- Investors are optimistic on the Indian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 28.1x which is higher than its 3-year average PE of 24.3x.
Past Earnings Growth
- The earnings for Indian listed companies have grown 21% per year over the last three years.
- Revenues for these companies have grown 18% 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 Market | -1.34% | |
| Tech | 1.58% | |
| Consumer Staples | 1.54% | |
| Telecom | 0.92% | |
| Financials | -0.25% | |
| Real Estate | -0.41% | |
| Healthcare | -0.69% | |
| Energy | -1.73% | |
| Consumer Discretionary | -1.90% | |
| Utilities | -2.55% | |
| Materials | -3.26% | |
| Industrials | -4.79% | |
Sector PE
- Investors favour the Telecom sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 32.4%, which is higher than its past year's earnings growth of 22.2% per year.
- The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.0x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 5.5% 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 | Sector | |
|---|---|---|---|---|---|---|
| TCS Tata Consultancy Services | ₹4.30k | 2.8% +₹428.6b | 27.7% | PE33.2x | Tech | |
| LICI Life Insurance Corporation of India | ₹1.11k | 5.4% +₹358.6b | 74.3% | PE16.6x | Financials | |
| INFY Infosys | ₹1.79k | 4.7% +₹337.5b | 34.6% | PE27.7x | Tech | |
| SBIN State Bank of India | ₹889.35 | 3.4% +₹264.6b | 44.6% | PB1.9x | Financials | |
| 500696 Hindustan Unilever | ₹2.73k | 4.0% +₹244.9b | 4.7% | PE62.3x | Consumer Staples |
