We Think Godrej Properties (NSE:GODREJPROP) Has A Fair Chunk Of Debt
Jun 01
Indian (NIFTY) Real Estate Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies183
- 7D-1.0%
- 3M5.9%
- 1Y98.8%
- YTD26.3%
Last week, the Real Estate industry hasn't moved much but Macrotech Developers is up 3.2% in that time. As for the the longer term, the industry is up 99% over the past 12 months. As for the next few years, earnings are expected to grow by 27% per annum.
Industry Valuation and Performance
Has the Indian Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | ₹8.4t | ₹739.5b | ₹132.2b | 28.3x | 63.6x | 11.4x |
| Wed, 01 May 2024 | ₹8.1t | ₹664.6b | ₹124.1b | 32.4x | 65.5x | 12.2x |
| Fri, 29 Mar 2024 | ₹7.5t | ₹659.6b | ₹123.3b | 28.8x | 61.1x | 11.4x |
| Sun, 25 Feb 2024 | ₹7.7t | ₹659.4b | ₹123.4b | 31.4x | 62.3x | 11.7x |
| Tue, 23 Jan 2024 | ₹7.3t | ₹645.6b | ₹109.0b | 32.5x | 66.6x | 11.2x |
| Thu, 21 Dec 2023 | ₹6.1t | ₹643.2b | ₹107.9b | 26.6x | 56.9x | 9.5x |
| Sat, 18 Nov 2023 | ₹5.8t | ₹639.8b | ₹107.7b | 24.3x | 53.9x | 9.1x |
| Mon, 16 Oct 2023 | ₹5.1t | ₹586.8b | ₹81.8b | 31.6x | 62.2x | 8.7x |
| Wed, 13 Sep 2023 | ₹4.8t | ₹585.3b | ₹81.8b | 27x | 58.2x | 8.1x |
| Fri, 11 Aug 2023 | ₹4.4t | ₹581.9b | ₹64.0b | 28.8x | 69.1x | 7.6x |
| Sun, 09 Jul 2023 | ₹4.4t | ₹576.4b | ₹77.7b | 30.6x | 56.3x | 7.6x |
| Tue, 06 Jun 2023 | ₹4.0t | ₹580.8b | ₹77.6b | 26.9x | 52.1x | 7x |
| Thu, 04 May 2023 | ₹3.6t | ₹569.8b | ₹91.2b | 24.7x | 39.9x | 6.4x |
| Sat, 01 Apr 2023 | ₹3.2t | ₹564.7b | ₹90.0b | 22.3x | 35.4x | 5.7x |
| Mon, 27 Feb 2023 | ₹3.1t | ₹559.3b | ₹100.2b | 21.6x | 31.3x | 5.6x |
| Wed, 25 Jan 2023 | ₹3.5t | ₹535.0b | ₹100.5b | 24.8x | 34.8x | 6.5x |
| Fri, 23 Dec 2022 | ₹3.5t | ₹537.1b | ₹89.7b | 24.8x | 38.5x | 6.4x |
| Sun, 20 Nov 2022 | ₹3.6t | ₹523.1b | ₹87.8b | 24.5x | 40.6x | 6.8x |
| Tue, 18 Oct 2022 | ₹3.4t | ₹517.5b | ₹81.6b | 27.1x | 41.5x | 6.5x |
| Thu, 15 Sep 2022 | ₹3.8t | ₹516.3b | ₹74.5b | 27.6x | 50.5x | 7.3x |
| Sat, 13 Aug 2022 | ₹3.5t | ₹512.2b | ₹68.6b | 25.4x | 51.2x | 6.9x |
| Mon, 11 Jul 2022 | ₹3.3t | ₹476.3b | ₹56.9b | 26x | 57.8x | 6.9x |
| Wed, 08 Jun 2022 | ₹3.2t | ₹469.9b | ₹72.7b | 24.9x | 43.9x | 6.8x |
| Fri, 06 May 2022 | ₹3.3t | ₹460.3b | ₹65.2b | 30x | 50.8x | 7.2x |
| Sun, 03 Apr 2022 | ₹3.7t | ₹433.4b | ₹56.7b | 27.7x | 65.5x | 8.6x |
| Tue, 01 Mar 2022 | ₹3.5t | ₹433.6b | ₹56.7b | 28.7x | 61x | 8x |
| Thu, 27 Jan 2022 | ₹3.8t | ₹427.6b | ₹56.1b | 35.6x | 67.5x | 8.8x |
| Sat, 25 Dec 2021 | ₹3.7t | ₹425.7b | ₹56.4b | 26x | 66.5x | 8.8x |
| Mon, 22 Nov 2021 | ₹4.2t | ₹426.9b | ₹58.1b | 26.5x | 71.8x | 9.8x |
| Wed, 20 Oct 2021 | ₹3.8t | ₹398.1b | ₹44.9b | 34.5x | 84x | 9.5x |
| Fri, 17 Sep 2021 | ₹3.1t | ₹412.4b | ₹27.9b | 29.8x | 112.9x | 7.6x |
| Sun, 15 Aug 2021 | ₹2.9t | ₹424.7b | ₹28.4b | 25.7x | 101.1x | 6.8x |
| Thu, 10 Jun 2021 | ₹2.4t | ₹389.5b | ₹15.6b | 20.5x | 152.5x | 6.1x |
Price to Earnings Ratio
152.5x
Current Industry PE
- Investors are optimistic on the Indian Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 63.6x which is higher than its 3-year average PE of 59.4x.
- The 3-year average PS ratio of 8.1x is lower than the industry's current PS ratio of 11.4x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 104% per year over the last three years.
- Revenues for these companies have grown 24% 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 Real Estate industry?
| IN Market | -1.89% | |
| Real Estate | -0.81% | |
| Real Estate | -0.96% | |
| Real Estate Development | 0.05% | |
| Real Estate Operating Companies | -2.27% | |
| Diversified Real Estate | -2.43% | |
| Real Estate Services | -5.30% | |
Industry PE
- Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio of 71.2x.
- Analysts are expecting annual earnings growth of 22.9%, which is lower than the prior year's growth of 42.4% per year.
- Investors are most pessimistic about the Real Estate Operating Companies industry, which is trading below its 3-year average of 30.2x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 30% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 5.4% 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 | |
|---|---|---|---|---|---|
| LODHA Macrotech Developers | ₹1.38k | 3.2% +₹41.9b | 147.2% | PE88.5x | |
| GODREJPROP Godrej Properties | ₹2.78k | 1.5% +₹11.6b | 94.7% | PE106.5x | |
| IBREALEST Indiabulls Real Estate | ₹133.30 | -3.2% ₹10.0b | 91.4% | PS20.5x | |
| OBEROIRLTY Oberoi Realty | ₹1.82k | 1.0% +₹6.9b | 89.8% | PE34.3x | |
| RUSTOMJEE Keystone Realtors | ₹694.00 | -2.4% ₹6.4b | 32.2% | PE77.9x |
