These 4 Measures Indicate That Voltas (NSE:VOLTAS) Is Using Debt Reasonably Well
Oct 31
Indian (NIFTY) Construction Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies139
- 7D-4.2%
- 3M9.3%
- 1Y51.6%
- YTD39.3%
Over the last 7 days, the Construction industry has dropped 4.2%, driven by a pullback from Larsen & Toubro of 1.1%. On the other hand IRB Infrastructure Developers is actually up 6.7%. Over the past 12 months, the industry was up 52%. Earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Indian Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | ₹6.8t | ₹4.3t | ₹241.9b | 22.5x | 28.2x | 1.6x |
| Thu, 28 Sep 2023 | ₹7.1t | ₹4.3t | ₹247.2b | 22.6x | 28.7x | 1.6x |
| Sat, 26 Aug 2023 | ₹6.4t | ₹4.3t | ₹244.6b | 21.2x | 26x | 1.5x |
| Mon, 24 Jul 2023 | ₹6.1t | ₹4.1t | ₹233.3b | 21.1x | 26.3x | 1.5x |
| Wed, 21 Jun 2023 | ₹5.7t | ₹4.1t | ₹232.1b | 20.2x | 24.5x | 1.4x |
| Fri, 19 May 2023 | ₹5.3t | ₹4.0t | ₹216.7b | 21.3x | 24.4x | 1.3x |
| Sun, 16 Apr 2023 | ₹5.2t | ₹4.0t | ₹202.9b | 19.4x | 25.7x | 1.3x |
| Tue, 14 Mar 2023 | ₹5.0t | ₹4.0t | ₹202.8b | 18.5x | 24.9x | 1.3x |
| Thu, 09 Feb 2023 | ₹5.1t | ₹3.9t | ₹203.5b | 19x | 25x | 1.3x |
| Sat, 07 Jan 2023 | ₹5.0t | ₹3.9t | ₹192.9b | 20x | 26.1x | 1.3x |
| Mon, 05 Dec 2022 | ₹4.9t | ₹3.8t | ₹186.1b | 19.3x | 26.4x | 1.3x |
| Wed, 02 Nov 2022 | ₹4.6t | ₹3.7t | ₹164.2b | 19.8x | 28.3x | 1.2x |
| Fri, 30 Sep 2022 | ₹4.3t | ₹3.7t | ₹159.7b | 18.5x | 26.8x | 1.2x |
| Sun, 28 Aug 2022 | ₹4.5t | ₹3.7t | ₹159.6b | 18.7x | 28.1x | 1.2x |
| Tue, 26 Jul 2022 | ₹4.2t | ₹3.5t | ₹144.8b | 19.6x | 29.1x | 1.2x |
| Thu, 23 Jun 2022 | ₹3.6t | ₹3.5t | ₹147.4b | 15.8x | 24.5x | 1x |
| Sat, 21 May 2022 | ₹4.0t | ₹3.5t | ₹146.9b | 17.1x | 27x | 1.1x |
| Mon, 18 Apr 2022 | ₹4.4t | ₹3.4t | ₹108.6b | 19.8x | 40.8x | 1.3x |
| Wed, 16 Mar 2022 | ₹4.2t | ₹3.4t | ₹106.5b | 17.6x | 39.7x | 1.2x |
| Fri, 11 Feb 2022 | ₹4.7t | ₹3.5t | ₹118.4b | 20x | 39.8x | 1.4x |
| Sun, 09 Jan 2022 | ₹4.6t | ₹3.4t | ₹119.4b | 18.7x | 38.7x | 1.4x |
| Tue, 07 Dec 2021 | ₹4.4t | ₹3.4t | ₹123.7b | 16.8x | 35.3x | 1.3x |
| Thu, 04 Nov 2021 | ₹4.6t | ₹3.3t | ₹120.6b | 18.2x | 38.3x | 1.4x |
| Sat, 02 Oct 2021 | ₹4.3t | ₹3.3t | ₹111.6b | 19.2x | 38.7x | 1.3x |
| Mon, 30 Aug 2021 | ₹4.1t | ₹3.3t | ₹116.2b | 17x | 34.9x | 1.2x |
| Tue, 06 Jul 2021 | ₹3.7t | ₹3.2t | ₹105.6b | 15.4x | 35.5x | 1.2x |
| Fri, 09 Apr 2021 | ₹3.4t | ₹3.0t | ₹86.1b | 17.6x | 39.7x | 1.1x |
| Thu, 31 Dec 2020 | ₹3.0t | ₹2.9t | ₹105.7b | 14.9x | 28.3x | 1.1x |
Price to Earnings Ratio
36.3x
Current Industry PE
- Investors are pessimistic on the Indian Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 28.2x which is lower than its 3-year average PE of 32.0x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 57% per year over the last three years.
- Revenues for these companies have grown 15% 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 Industrials industry?
| IN Market | -2.60% | |
| Industrials | -3.30% | |
| Construction | -4.17% | |
| Construction and Engineering | -4.17% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| IRB IRB Infrastructure Developers | ₹34.20 | 6.7% +₹13.0b | 46.3% | PE42.1x | |
| 534309 NBCC (India) | ₹67.12 | 7.7% +₹8.6b | 106.8% | PE34.7x | |
| KEC KEC International | ₹645.75 | 2.8% +₹4.5b | 46.8% | PE88.6x | |
| VOLTAS Voltas | ₹834.55 | 1.6% +₹4.4b | -4.8% | PE138.4x | |
| 500185 Hindustan Construction | ₹26.04 | 5.9% +₹2.2b | 84.3% | PE12.8x |