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Indian (NIFTY) Industrials Sector Analysis

UpdatedOct 30, 2023
DataAggregated Company Financials
Companies837
  • 7D-3.3%
  • 3M1.4%
  • 1Y24.8%
  • YTD21.0%

Over the last 7 days, the Industrials industry has dropped 3.3%, driven by Larsen & Toubro declining 1.1%. Over the past 12 months, the industry was up 25%. As for the next few years, earnings are expected to grow by 21% per annum.

Sector Valuation and Performance

Has the Indian Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Oct 2023₹34.6t₹13.2t₹923.9b29.7x37.4x2.6x
Thu, 28 Sep 2023₹36.6t₹13.2t₹923.9b29.1x39.6x2.8x
Sat, 26 Aug 2023₹34.1t₹13.1t₹917.6b28x37.2x2.6x
Mon, 24 Jul 2023₹32.4t₹12.9t₹892.4b28.5x36.3x2.5x
Wed, 21 Jun 2023₹30.9t₹12.8t₹880.7b26.5x35.1x2.4x
Fri, 19 May 2023₹27.6t₹12.7t₹826.5b25x33.5x2.2x
Sun, 16 Apr 2023₹26.1t₹12.4t₹798.1b22.8x32.7x2.1x
Tue, 14 Mar 2023₹25.1t₹12.2t₹781.9b21.3x32.1x2.1x
Thu, 09 Feb 2023₹24.7t₹12.0t₹759.3b22.8x32.6x2.1x
Sat, 07 Jan 2023₹27.5t₹11.8t₹742.4b24.1x37x2.3x
Mon, 05 Dec 2022₹28.4t₹11.7t₹733.4b23.9x38.7x2.4x
Wed, 02 Nov 2022₹27.2t₹11.1t₹659.3b23.9x41.3x2.5x
Fri, 30 Sep 2022₹26.0t₹11.0t₹653.3b23.5x39.8x2.4x
Sun, 28 Aug 2022₹25.9t₹11.0t₹643.7b21.8x40.2x2.4x
Tue, 26 Jul 2022₹23.4t₹10.1t₹596.4b22.5x39.2x2.3x
Thu, 23 Jun 2022₹20.4t₹10.0t₹590.8b20.5x34.6x2x
Sat, 21 May 2022₹21.4t₹9.8t₹579.6b21.7x36.9x2.2x
Mon, 18 Apr 2022₹23.0t₹9.5t₹524.1b23.3x43.9x2.4x
Wed, 16 Mar 2022₹20.6t₹9.5t₹519.0b21.2x39.7x2.2x
Fri, 11 Feb 2022₹22.0t₹9.3t₹512.2b23.3x43x2.4x
Sun, 09 Jan 2022₹22.3t₹9.1t₹495.4b24x45.1x2.5x
Tue, 07 Dec 2021₹21.1t₹9.1t₹496.0b19.5x42.6x2.3x
Thu, 04 Nov 2021₹21.0t₹8.8t₹462.0b24.9x45.5x2.4x
Sat, 02 Oct 2021₹20.3t₹8.8t₹442.6b23.8x45.9x2.3x
Mon, 30 Aug 2021₹19.3t₹8.9t₹444.6b21.7x43.4x2.2x
Tue, 06 Jul 2021₹18.0t₹8.8t₹432.6b20.1x41.5x2x
Fri, 09 Apr 2021₹15.7t₹8.1t₹352.7b19.4x44.5x2x
Thu, 31 Dec 2020₹12.7t₹7.7t₹256.6b20.1x49.5x1.7x
Price to Earnings Ratio

48.3x


Total Market Cap: ₹10.0tTotal Earnings: ₹206.4bTotal Revenue: ₹7.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Industrials Sector Price to Earnings3Y Average 41.6x202120222023
Current Industry PE
  • Investors are pessimistic on the Indian Industrials 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 37.4x which is lower than its 3-year average PE of 41.8x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 65% per year over the last three years.
  • Revenues for these companies have grown 20% 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 sector?

IN Market-2.60%
Industrials-3.30%
Airlines0%
Infrastructure-1.40%
Industrials-1.68%
Building-1.73%
Aerospace & Defense-2.27%
Transportation-2.62%
Logistics-2.72%
Electrical-2.90%
Machinery-3.42%
Professional Services-3.89%
Marine and Shipping-4.15%
Construction-4.17%
Trade Distributors-5.27%
Commercial Services-5.41%
Industry PE
  • Investors are most optimistic about the Logistics industry which is trading above its 3-year average PE ratio of 146x.
    • Analysts are expecting annual earnings growth of 55.6%, which is higher than its past year's earnings growth of 0.05% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.8x.
Forecasted Growth
  • Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 56% over the next 5 years.
  • This is better than its past earnings growth rate of 0.05% per year.
  • In contrast, the Commercial Services industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
INDIGO InterGlobe Aviation₹2.50k4.4%
+₹40.2b
40.0%PE25x
500002 ABB India₹4.07k3.5%
+₹29.5b
33.5%PE64.5x
ADANIPORTS Adani Ports and Special Economic Zone₹785.001.8%
+₹29.3b
-4.7%PE27.1x
IRB IRB Infrastructure Developers₹34.206.7%
+₹13.0b
46.3%PE42.1x
500103 Bharat Heavy Electricals₹120.602.7%
+₹11.1b
62.9%PE130.6x
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Larsen & Toubro

7D

-1.1%

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44.6%

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₹2,495.05

InterGlobe Aviation

7D

4.4%

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40.0%

THERMAX

₹2,835.45

Thermax

7D

-3.1%

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30.5%

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₹4,068.25

ABB India

7D

3.5%

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33.5%