Asian Paints (NSE:ASIANPAINT) Is Increasing Its Dividend To ₹5.15
Oct 29
Indian (NIFTY) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies4220
- 7D-2.6%
- 3M0.1%
- 1Y10.3%
- YTD8.0%
Over the last 7 days, the market has dropped 2.6%, driven by pullbacks in every sector, especially the Financials sector. In the last year, the market is actually up 10%. 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 |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | ₹312.9t | ₹153.5t | ₹13.9t | 27.5x | 22.5x | 2x |
| Thu, 28 Sep 2023 | ₹322.7t | ₹152.6t | ₹13.4t | 27.5x | 24x | 2.1x |
| Sat, 26 Aug 2023 | ₹309.7t | ₹152.6t | ₹13.4t | 26.7x | 23.1x | 2x |
| Mon, 24 Jul 2023 | ₹305.1t | ₹151.2t | ₹12.6t | 26.4x | 24.2x | 2x |
| Wed, 21 Jun 2023 | ₹291.7t | ₹150.3t | ₹12.5t | 25.4x | 23.2x | 1.9x |
| Fri, 19 May 2023 | ₹273.8t | ₹149.5t | ₹12.5t | 22.9x | 21.9x | 1.8x |
| Sun, 16 Apr 2023 | ₹264.1t | ₹145.2t | ₹12.2t | 21.7x | 21.7x | 1.8x |
| Tue, 14 Mar 2023 | ₹256.6t | ₹145.1t | ₹12.2t | 21x | 21.1x | 1.8x |
| Thu, 09 Feb 2023 | ₹264.0t | ₹143.3t | ₹12.0t | 22x | 21.9x | 1.8x |
| Sat, 07 Jan 2023 | ₹277.5t | ₹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 |
| Tue, 06 Jul 2021 | ₹226.0t | ₹96.3t | ₹8.9t | 18.3x | 25.4x | 2.3x |
| Fri, 09 Apr 2021 | ₹200.9t | ₹87.6t | ₹7.4t | 17.2x | 27.2x | 2.3x |
| Thu, 31 Dec 2020 | ₹186.1t | ₹83.0t | ₹5.3t | 17.6x | 35.3x | 2.2x |
Price to Earnings Ratio
32.4x
Current Market PE
- Investors are pessimistic on the Indian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 22.5x which is lower than its 3-year average PE of 25.6x.
Past Earnings Growth
- The earnings for Indian listed companies have grown 43% per year over the last three years.
- Revenues for these companies have grown 23% 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 | -2.60% | |
| Consumer Staples | -1.08% | |
| Energy | -1.61% | |
| Utilities | -2.06% | |
| Healthcare | -2.27% | |
| Financials | -2.31% | |
| Consumer Discretionary | -2.56% | |
| Tech | -2.89% | |
| Real Estate | -3.11% | |
| Industrials | -3.30% | |
| Telecom | -3.93% | |
| Materials | -4.03% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 45.1x.
- Analysts expect its future annual earnings growth (24.8%) to be largely in line with prior year's earnings growth.
- The market's confidence could indicate that the market believes that analysts are underestimating future growth.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.6x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 6.2% 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 | |
|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries | ₹2.31k | 2.2% +₹313.2b | -9.3% | PE21.5x | Energy | |
| ADANIPOWER Adani Power | ₹357.95 | 13.1% +₹160.1b | 6.9% | PE10.3x | Utilities | |
| SBIN State Bank of India | ₹565.20 | 2.2% +₹109.3b | -1.5% | PB1.3x | Financials | |
| JIOFIN Jio Financial Services | ₹219.00 | 6.0% +₹78.8b | n/a | PE4452.4x | Financials | |
| 532215 Axis Bank | ₹988.65 | 2.6% +₹77.7b | 9.1% | PB2.1x | Financials |
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