Jai's (NSE:JAICORPLTD) Profits May Not Reveal Underlying Issues
Jun 03
Indian (NIFTY) Packaging Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies79
- 7D-3.5%
- 3M-5.5%
- 1Y18.7%
- YTD-7.6%
Over the last 7 days, the Packaging industry has dropped 3.5%, driven by a pullback from Jai of 7.2%. Over the past 12 months, the industry was up 19%. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Indian Packaging Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | ₹477.8b | ₹482.5b | ₹15.1b | 22.8x | 31.6x | 1x |
| Wed, 01 May 2024 | ₹513.0b | ₹475.9b | ₹18.1b | 21.8x | 28.3x | 1.1x |
| Fri, 29 Mar 2024 | ₹465.6b | ₹476.4b | ₹18.2b | 20.4x | 25.5x | 1x |
| Sun, 25 Feb 2024 | ₹511.9b | ₹476.4b | ₹18.2b | 22x | 28.1x | 1.1x |
| Tue, 23 Jan 2024 | ₹511.8b | ₹475.5b | ₹14.0b | 23.1x | 36.5x | 1.1x |
| Thu, 21 Dec 2023 | ₹489.4b | ₹475.6b | ₹14.1b | 21.5x | 34.7x | 1x |
| Sat, 18 Nov 2023 | ₹498.3b | ₹475.2b | ₹14.0b | 23.9x | 35.5x | 1x |
| Mon, 16 Oct 2023 | ₹487.4b | ₹483.0b | ₹14.8b | 24.9x | 32.9x | 1x |
| Wed, 13 Sep 2023 | ₹440.7b | ₹482.8b | ₹14.8b | 22.6x | 29.8x | 0.9x |
| Fri, 11 Aug 2023 | ₹426.0b | ₹489.8b | ₹23.4b | 20.4x | 18.2x | 0.9x |
| Sun, 09 Jul 2023 | ₹415.8b | ₹492.0b | ₹23.1b | 19.3x | 18x | 0.8x |
| Tue, 06 Jun 2023 | ₹390.2b | ₹493.3b | ₹23.3b | 17.6x | 16.8x | 0.8x |
| Thu, 04 May 2023 | ₹351.4b | ₹495.1b | ₹26.8b | 16.9x | 13.1x | 0.7x |
| Sat, 01 Apr 2023 | ₹312.7b | ₹495.5b | ₹26.3b | 14.9x | 11.9x | 0.6x |
| Mon, 27 Feb 2023 | ₹327.9b | ₹495.5b | ₹26.3b | 15.5x | 12.5x | 0.7x |
| Wed, 25 Jan 2023 | ₹352.0b | ₹493.7b | ₹31.8b | 16.1x | 11.1x | 0.7x |
| Fri, 23 Dec 2022 | ₹345.0b | ₹491.0b | ₹31.7b | 14.8x | 10.9x | 0.7x |
| Sun, 20 Nov 2022 | ₹354.5b | ₹489.1b | ₹31.4b | 14.9x | 11.3x | 0.7x |
| Tue, 18 Oct 2022 | ₹374.2b | ₹472.1b | ₹30.7b | 15.2x | 12.2x | 0.8x |
| Thu, 15 Sep 2022 | ₹400.9b | ₹471.6b | ₹30.7b | 16.5x | 13.1x | 0.9x |
| Sat, 13 Aug 2022 | ₹359.8b | ₹476.9b | ₹29.8b | 13.2x | 12.1x | 0.8x |
| Mon, 11 Jul 2022 | ₹346.1b | ₹451.6b | ₹28.4b | 14.3x | 12.2x | 0.8x |
| Wed, 08 Jun 2022 | ₹349.1b | ₹449.8b | ₹28.2b | 14.2x | 12.4x | 0.8x |
| Fri, 06 May 2022 | ₹342.3b | ₹410.8b | ₹26.1b | 13.8x | 13.1x | 0.8x |
| Sun, 03 Apr 2022 | ₹340.3b | ₹409.8b | ₹26.0b | 13.3x | 13.1x | 0.8x |
| Tue, 01 Mar 2022 | ₹301.9b | ₹408.6b | ₹25.8b | 13.3x | 11.7x | 0.7x |
| Thu, 27 Jan 2022 | ₹344.3b | ₹382.7b | ₹25.5b | 15.3x | 13.5x | 0.9x |
| Sat, 25 Dec 2021 | ₹327.3b | ₹380.7b | ₹25.1b | 12.9x | 13.1x | 0.9x |
| Mon, 22 Nov 2021 | ₹323.9b | ₹379.2b | ₹25.2b | 11.7x | 12.9x | 0.9x |
| Wed, 20 Oct 2021 | ₹347.9b | ₹357.1b | ₹25.3b | 14.6x | 13.7x | 1x |
| Fri, 17 Sep 2021 | ₹337.6b | ₹356.1b | ₹25.2b | 12.4x | 13.4x | 0.9x |
| Sun, 15 Aug 2021 | ₹322.8b | ₹358.2b | ₹25.2b | 12.4x | 12.8x | 0.9x |
| Thu, 10 Jun 2021 | ₹283.4b | ₹327.6b | ₹21.2b | 15.9x | 13.4x | 0.9x |
Price to Earnings Ratio
13.4x
Current Industry PE
- Investors are optimistic on the Indian Packaging industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.6x which is higher than its 3-year average PE of 18.0x.
- The industry is trading close to its 3-year average PS ratio of 0.87x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have declined 11% per year over the last three years.
- Meanwhile revenues for these companies have grown 14% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Indian Materials industry?
| IN Market | -1.89% | |
| Materials | -2.85% | |
| Packaging | -3.49% | |
| Paper Packaging | -1.74% | |
| Metal and Glass Containers | -4.23% | |
Industry PE
- Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 20.1x.
- Analysts are expecting annual earnings decline of 21.3%, which is lower than the prior year's growth of 15.5% per year.
- Investors are most pessimistic about the Metal and Glass Containers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 21.8x.
Forecasted Growth
- Analysts are most optimistic on the Metal and Glass Containers industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings growth rate of 3.7% per year.
- In contrast, the Paper Packaging industry is expected to see its earnings decline by 21% 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 | |
|---|---|---|---|---|---|
| TIMETECHNO Time Technoplast | ₹275.50 | 2.0% +₹1.2b | 160.8% | PE22.2x | |
| 523301 TCPL Packaging | ₹2.15k | 1.8% +₹346.2m | 46.1% | PE19.5x | |
| 523186 B & A Packaging India | ₹270.40 | 21.2% +₹234.4m | 50.2% | PE11.7x | |
| 509820 Huhtamaki India | ₹312.30 | 0.5% +₹124.6m | 8.5% | PE5.9x | |
| 502448 Rollatainers | ₹4.60 | 9.8% +₹102.6m | 338.1% | PS85.7x |