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Indian (NIFTY) Market Analysis & Valuation

UpdatedMar 10, 2025
DataAggregated Company Financials
Companies4580
  • 7D3.7%
  • 3M-14.2%
  • 1Y-2.4%
  • YTD-10.9%

The market is up 3.7% in the last 7 days, led by the Industrials and all sectors gaining ground. As for last year, the market performance has been flat. As for the next few years, earnings are expected to grow by 18% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Mar 2025₹394.2t₹169.1t₹16.8t25.8x23.5x2.3x
Thu, 06 Feb 2025₹422.1t₹163.6t₹16.4t29.3x25.7x2.6x
Sat, 04 Jan 2025₹447.8t₹167.9t₹16.4t32.9x27.3x2.7x
Mon, 02 Dec 2024₹444.7t₹167.6t₹16.4t31.8x27.2x2.7x
Wed, 30 Oct 2024₹440.5t₹165.6t₹16.0t32x27.5x2.7x
Fri, 27 Sep 2024₹473.8t₹163.0t₹16.0t34.1x29.6x2.9x
Sun, 25 Aug 2024₹455.9t₹162.8t₹16.0t33.9x28.6x2.8x
Tue, 23 Jul 2024₹446.3t₹161.0t₹15.8t33.5x28.2x2.8x
Thu, 20 Jun 2024₹431.9t₹160.1t₹15.8t32.3x27.4x2.7x
Sat, 18 May 2024₹406.8t₹158.0t₹15.4t31.8x26.4x2.6x
Mon, 15 Apr 2024₹395.3t₹155.1t₹14.8t31x26.7x2.5x
Wed, 13 Mar 2024₹381.1t₹154.8t₹14.8t29.2x25.8x2.5x
Fri, 09 Feb 2024₹383.2t₹154.3t₹14.7t32.5x26x2.5x
Sun, 07 Jan 2024₹365.0t₹152.3t₹14.2t30.5x25.8x2.4x
Tue, 05 Dec 2023₹339.8t₹152.1t₹14.1t28.4x24.1x2.2x
Thu, 02 Nov 2023₹306.7t₹151.7t₹13.8t27.5x22.2x2x
Sat, 30 Sep 2023₹321.2t₹152.3t₹13.4t27.7x24x2.1x
Mon, 28 Aug 2023₹308.9t₹152.3t₹13.4t26.7x23.1x2x
Wed, 26 Jul 2023₹304.7t₹150.9t₹12.5t26.2x24.3x2x
Fri, 23 Jun 2023₹291.6t₹149.9t₹12.5t25.3x23.3x1.9x
Sun, 21 May 2023₹273.8t₹149.3t₹12.6t23.1x21.8x1.8x
Tue, 18 Apr 2023₹263.3t₹145.1t₹12.2t21.6x21.6x1.8x
Thu, 16 Mar 2023₹253.4t₹144.9t₹12.2t20.6x20.9x1.7x
Sat, 11 Feb 2023₹265.4t₹143.6t₹12.0t22.1x22.1x1.8x
Mon, 09 Jan 2023₹277.4t₹139.3t₹11.9t22.9x23.3x2x
Wed, 07 Dec 2022₹287.5t₹139.1t₹11.9t23.3x24.2x2.1x
Fri, 04 Nov 2022₹275.2t₹134.5t₹11.8t22.1x23.3x2x
Sun, 02 Oct 2022₹265.1t₹131.2t₹11.9t21.7x22.3x2x
Tue, 30 Aug 2022₹267.4t₹130.9t₹11.8t20.9x22.6x2x
Thu, 28 Jul 2022₹253.5t₹124.1t₹11.5t21.3x22x2x
Sat, 25 Jun 2022₹236.6t₹122.0t₹11.4t19.8x20.8x1.9x
Mon, 23 May 2022₹248.5t₹119.0t₹11.3t20.5x21.9x2.1x
Wed, 20 Apr 2022₹259.2t₹108.4t₹10.6t22x24.5x2.4x
Fri, 18 Mar 2022₹254.1t₹108.4t₹10.6t20.4x23.9x2.3x
Price to Earnings Ratio

23.9x


Total Market Cap: ₹254.1tTotal Earnings: ₹10.6tTotal Revenue: ₹108.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Market Price to Earnings3Y Average 24.4x202320242025
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 24.4x.
Past Earnings Growth
  • The earnings for Indian listed companies have grown 16% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Market3.70%
Materials6.74%
Industrials6.66%
Utilities6.16%
Energy4.87%
Healthcare3.75%
Telecom3.49%
Consumer Staples2.77%
Consumer Discretionary2.54%
Real Estate2.29%
Tech2.19%
Financials1.68%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 48.6x.
    • Analysts are expecting annual earnings growth of 15.6%, which is lower than the prior year's growth of 20.4% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.1x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 7.5% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 12% 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
RELIANCE Reliance Industries₹1.24k5.7%
+₹853.3b
-15.6%PE22.7xEnergy
TCS Tata Consultancy Services₹3.59k2.8%
+₹349.5b
-12.9%PE26.6xTech
SBIN State Bank of India₹728.904.8%
+₹299.9b
-5.8%PB1.4xFinancials
532454 Bharti Airtel₹1.63k2.2%
+₹213.8b
36.1%PE40.3xTelecom
ADANIPORTS Adani Ports and Special Economic Zone₹1.14k8.5%
+₹194.1b
-13.9%PE24.4xIndustrials
See more
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KESORAMIND

₹9.71

Kesoram Industries

7D

-95.1%

1Y

-94.1%

HDFCBANK

₹1,687.50

HDFC Bank

7D

-0.8%

1Y

18.2%

SBIN

₹728.90

State Bank of India

7D

4.8%

1Y

-5.8%

532454

₹1,629.70

Bharti Airtel

7D

2.2%

1Y

36.1%

RELIANCE

₹1,238.40

Reliance Industries

7D

5.7%

1Y

-15.6%

INDUSINDBK

₹900.50

IndusInd Bank

7D

-8.5%

1Y

-41.6%