Indian (NIFTY) Diversified Banks Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies35
- 7D-3.3%
- 3M3.9%
- 1Y21.1%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has dropped 3.5%, driven by a pullback from HDFC Bank of 2.5%. In the past year, the industry has gained 21%. Looking forward, earnings are forecast to grow by 10% annually.
Industry Valuation and Performance
Has the Indian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | ₹47.5t | ₹12.5t | ₹3.3t | 11.9x | 14.2x | 3.8x |
| Sat, 06 Apr 2024 | ₹48.1t | ₹11.7t | ₹3.1t | 12.4x | 15.5x | 4.1x |
| Mon, 04 Mar 2024 | ₹46.8t | ₹11.7t | ₹3.1t | 11.6x | 15.1x | 4x |
| Wed, 31 Jan 2024 | ₹43.7t | ₹11.5t | ₹3.1t | 12.3x | 14x | 3.8x |
| Fri, 29 Dec 2023 | ₹45.0t | ₹10.8t | ₹3.0t | 12.4x | 15.1x | 4.2x |
| Sun, 26 Nov 2023 | ₹40.4t | ₹10.8t | ₹3.0t | 11.9x | 13.6x | 3.7x |
| Tue, 24 Oct 2023 | ₹39.5t | ₹10.5t | ₹2.9t | 13x | 13.7x | 3.8x |
| Thu, 21 Sep 2023 | ₹41.9t | ₹10.1t | ₹2.8t | 13.5x | 15.1x | 4.1x |
| Sat, 19 Aug 2023 | ₹39.7t | ₹10.1t | ₹2.8t | 12.6x | 14.4x | 3.9x |
| Mon, 17 Jul 2023 | ₹39.9t | ₹9.3t | ₹2.4t | 14.1x | 16.3x | 4.3x |
| Wed, 14 Jun 2023 | ₹35.6t | ₹9.4t | ₹2.4t | 12.8x | 14.6x | 3.8x |
| Fri, 12 May 2023 | ₹35.5t | ₹9.1t | ₹2.3t | 11.1x | 15.4x | 3.9x |
| Sun, 09 Apr 2023 | ₹33.6t | ₹8.4t | ₹2.3t | 11x | 14.7x | 4x |
| Tue, 07 Mar 2023 | ₹34.1t | ₹8.4t | ₹2.3t | 12.7x | 15x | 4x |
| Thu, 02 Feb 2023 | ₹33.5t | ₹8.2t | ₹2.2t | 11.9x | 15.2x | 4.1x |
| Sat, 31 Dec 2022 | ₹35.9t | ₹7.9t | ₹2.1t | 15.6x | 17.4x | 4.5x |
| Mon, 28 Nov 2022 | ₹35.2t | ₹7.9t | ₹2.1t | 13.2x | 17x | 4.4x |
| Wed, 26 Oct 2022 | ₹32.7t | ₹7.9t | ₹2.0t | 14.5x | 16.4x | 4.2x |
| Fri, 23 Sep 2022 | ₹32.1t | ₹7.7t | ₹1.9t | 15x | 17.1x | 4.2x |
| Sun, 21 Aug 2022 | ₹30.6t | ₹7.7t | ₹1.9t | 12.7x | 16.4x | 4x |
| Tue, 19 Jul 2022 | ₹27.5t | ₹7.4t | ₹1.8t | 13.1x | 15.7x | 3.7x |
| Thu, 16 Jun 2022 | ₹26.2t | ₹7.5t | ₹1.7t | 13x | 15x | 3.5x |
| Sat, 14 May 2022 | ₹26.0t | ₹7.6t | ₹1.7t | 12.8x | 15.6x | 3.4x |
| Mon, 11 Apr 2022 | ₹30.0t | ₹7.2t | ₹1.5t | 13.7x | 19.7x | 4.1x |
| Wed, 09 Mar 2022 | ₹26.1t | ₹7.2t | ₹1.5t | 12.3x | 17.2x | 3.6x |
| Fri, 04 Feb 2022 | ₹31.0t | ₹7.1t | ₹1.4t | 15.8x | 21.5x | 4.4x |
| Sun, 02 Jan 2022 | ₹28.3t | ₹6.9t | ₹1.3t | 15x | 21.1x | 4.1x |
| Tue, 30 Nov 2021 | ₹28.7t | ₹6.9t | ₹1.3t | 15.2x | 21.4x | 4.2x |
| Thu, 28 Oct 2021 | ₹32.4t | ₹6.6t | ₹1.3t | 18.1x | 25.2x | 4.9x |
| Sat, 25 Sep 2021 | ₹29.4t | ₹6.5t | ₹1.2t | 15.7x | 23.9x | 4.5x |
| Mon, 23 Aug 2021 | ₹27.2t | ₹6.5t | ₹1.2t | 14.6x | 22.1x | 4.2x |
| Sat, 10 Jul 2021 | ₹27.6t | ₹6.5t | ₹1.2t | 15x | 22.5x | 4.2x |
Price to Earnings Ratio
24.8x
Current Industry PE
- Investors are pessimistic on the Indian Diversified Banks 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 14.2x which is lower than its 3-year average PE of 17.4x.
- The industry is trading close to its 3-year average PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 44% per year over the last three years.
- Revenues for these companies have grown 27% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Diversified Banks compare with similar industries?
| IN Market | -1.48% | |
| Financials | -2.98% | |
| Banks | -3.29% | |
| Diversified Banks | -3.31% | |
| Regional Banks | -2.29% | |
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 | |
|---|---|---|---|---|---|
| 500247 Kotak Mahindra Bank | ₹1.65k | 4.6% +₹144.7b | -15.8% | PB2.5x | |
| JSFB Jana Small Finance Bank | ₹658.45 | 9.7% +₹6.1b | n/a | PB1.9x |