Tata Consultancy Services Limited (NSE:TCS) Just Released Its Annual Results And Analysts Are Updating Their Estimates
May 11
Indian (NIFTY) Market Analysis & Valuation
UpdatedMay 15, 2024
DataAggregated Company Financials
Companies4262
- 7D0.7%
- 3M4.0%
- 1Y41.1%
- YTD9.2%
The Industrials sector gained 3.6% while the market remained flat over the last week. Meanwhile, the market is actually up 41% over the past year. Looking forward, earnings are forecast to grow by 17% annually.
Market Valuation and Performance
Has the Indian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 16 May 2024 | ₹397.8t | ₹157.8t | ₹15.4t | 31.3x | 25.9x | 2.5x |
| Sat, 13 Apr 2024 | ₹394.8t | ₹154.9t | ₹14.8t | 31x | 26.7x | 2.5x |
| Mon, 11 Mar 2024 | ₹388.3t | ₹154.8t | ₹14.8t | 30.6x | 26.3x | 2.5x |
| Wed, 07 Feb 2024 | ₹382.0t | ₹154.2t | ₹14.7t | 32.3x | 26x | 2.5x |
| Fri, 05 Jan 2024 | ₹361.7t | ₹152.3t | ₹14.2t | 30.4x | 25.5x | 2.4x |
| Sun, 03 Dec 2023 | ₹334.1t | ₹152.1t | ₹14.1t | 28.2x | 23.7x | 2.2x |
| Tue, 31 Oct 2023 | ₹308.0t | ₹152.0t | ₹13.6t | 27.7x | 22.6x | 2x |
| Thu, 28 Sep 2023 | ₹321.9t | ₹152.2t | ₹13.4t | 27.5x | 24x | 2.1x |
| Sat, 26 Aug 2023 | ₹308.9t | ₹152.3t | ₹13.4t | 26.7x | 23.1x | 2x |
| Mon, 24 Jul 2023 | ₹304.3t | ₹150.8t | ₹12.6t | 26.4x | 24.2x | 2x |
| Wed, 21 Jun 2023 | ₹290.8t | ₹149.9t | ₹12.5t | 25.4x | 23.3x | 1.9x |
| Fri, 19 May 2023 | ₹273.1t | ₹149.3t | ₹12.5t | 22.9x | 21.9x | 1.8x |
| Sun, 16 Apr 2023 | ₹263.4t | ₹145.0t | ₹12.2t | 21.7x | 21.6x | 1.8x |
| Tue, 14 Mar 2023 | ₹255.9t | ₹144.9t | ₹12.2t | 21x | 21.1x | 1.8x |
| Thu, 09 Feb 2023 | ₹263.3t | ₹143.1t | ₹12.0t | 22x | 21.9x | 1.8x |
| Sat, 07 Jan 2023 | ₹277.4t | ₹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 |
Price to Earnings Ratio
29.7x
Current Market PE
- Investors are relatively neutral on the Indian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 24.3x.
Past Earnings Growth
- The earnings for Indian listed companies have grown 28% per year over the last three years.
- Revenues for these companies have grown 22% 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 | 0.72% | |
| Industrials | 3.63% | |
| Utilities | 2.74% | |
| Materials | 1.83% | |
| Consumer Discretionary | 1.41% | |
| Energy | 0.50% | |
| Telecom | 0.49% | |
| Real Estate | 0.43% | |
| Healthcare | 0.35% | |
| Financials | -0.58% | |
| Consumer Staples | -1.07% | |
| Tech | -1.20% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading close to its 3-year average PE ratio of 60.6x.
- Analysts expect its future annual earnings growth (29.4%) 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 close to its 3-year average of 13.1x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings growth rate of 30% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 5.2% 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 | |
|---|---|---|---|---|---|---|
| LICI Life Insurance Corporation of India | ₹990.00 | 6.5% +₹380.4b | 73.7% | PE17.4x | Financials | |
| 500188 Hindustan Zinc | ₹560.50 | 18.7% +₹373.1b | 79.4% | PE30.5x | Materials | |
| SIEMENS Siemens | ₹7.12k | 12.9% +₹290.0b | 83.0% | PE108.6x | Industrials | |
| ADANIPOWER Adani Power | ₹639.75 | 10.2% +₹227.9b | 173.0% | PE12.9x | Utilities | |
| 512599 Adani Enterprises | ₹3.05k | 6.7% +₹219.5b | 60.7% | PE107.4x | Industrials |
