Voltas (NSE:VOLTAS) Has A Pretty Healthy Balance Sheet
May 09
Indian (NIFTY) Industrials Sector Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies873
- 7D-1.3%
- 3M10.7%
- 1Y76.6%
- YTD19.1%
Over the last 7 days, the Industrials industry has dropped 2.5%, driven by a pullback from Adani Enterprises of 6.4%. Meanwhile, Siemens actually outperformed within the industry, gaining 7.9% in the last week. Over the past 12 months, the industry was up 75%. As for the next few years, earnings are expected to grow by 24% per annum.
Sector Valuation and Performance
Has the Indian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | ₹50.8t | ₹13.9t | ₹1.0t | 35.2x | 48.7x | 3.7x |
| Sat, 06 Apr 2024 | ₹49.6t | ₹13.8t | ₹1.0t | 33.9x | 47.9x | 3.6x |
| Mon, 04 Mar 2024 | ₹47.1t | ₹13.8t | ₹1.0t | 33.9x | 45.7x | 3.4x |
| Wed, 31 Jan 2024 | ₹46.3t | ₹13.5t | ₹971.5b | 33.8x | 47.7x | 3.4x |
| Fri, 29 Dec 2023 | ₹41.7t | ₹13.5t | ₹964.5b | 30.4x | 43.2x | 3.1x |
| Sun, 26 Nov 2023 | ₹36.9t | ₹13.4t | ₹956.3b | 29x | 38.6x | 2.8x |
| Tue, 24 Oct 2023 | ₹34.7t | ₹13.2t | ₹920.8b | 28.9x | 37.6x | 2.6x |
| Thu, 21 Sep 2023 | ₹35.6t | ₹13.2t | ₹921.2b | 29x | 38.7x | 2.7x |
| Sat, 19 Aug 2023 | ₹33.6t | ₹13.0t | ₹917.7b | 27.3x | 36.6x | 2.6x |
| Mon, 17 Jul 2023 | ₹31.8t | ₹12.8t | ₹883.3b | 27.9x | 36x | 2.5x |
| Wed, 14 Jun 2023 | ₹30.5t | ₹12.8t | ₹878.9b | 26.8x | 34.7x | 2.4x |
| Fri, 12 May 2023 | ₹27.7t | ₹12.6t | ₹824.5b | 24.1x | 33.6x | 2.2x |
| Sun, 09 Apr 2023 | ₹25.8t | ₹12.4t | ₹798.5b | 21.9x | 32.3x | 2.1x |
| Tue, 07 Mar 2023 | ₹25.6t | ₹12.2t | ₹781.9b | 21.9x | 32.8x | 2.1x |
| Thu, 02 Feb 2023 | ₹24.7t | ₹11.9t | ₹754.0b | 23.2x | 32.7x | 2.1x |
| Sat, 31 Dec 2022 | ₹27.3t | ₹11.8t | ₹742.0b | 23.8x | 36.8x | 2.3x |
| Mon, 28 Nov 2022 | ₹28.0t | ₹11.7t | ₹736.3b | 22.9x | 38x | 2.4x |
| Wed, 26 Oct 2022 | ₹26.5t | ₹11.0t | ₹654.6b | 23.7x | 40.4x | 2.4x |
| Fri, 23 Sep 2022 | ₹27.4t | ₹11.0t | ₹652.6b | 23.8x | 42x | 2.5x |
| Sun, 21 Aug 2022 | ₹25.6t | ₹11.0t | ₹643.9b | 21.1x | 39.7x | 2.3x |
| Tue, 19 Jul 2022 | ₹22.4t | ₹10.0t | ₹592.8b | 22x | 37.9x | 2.2x |
| Thu, 16 Jun 2022 | ₹21.3t | ₹10.0t | ₹590.9b | 22.2x | 36.1x | 2.1x |
| Sat, 14 May 2022 | ₹20.3t | ₹9.7t | ₹519.4b | 21.2x | 39x | 2.1x |
| Mon, 11 Apr 2022 | ₹23.1t | ₹9.5t | ₹524.2b | 23.3x | 44.1x | 2.4x |
| Wed, 09 Mar 2022 | ₹19.7t | ₹9.5t | ₹517.7b | 20.6x | 38x | 2.1x |
| Fri, 04 Feb 2022 | ₹22.4t | ₹9.2t | ₹522.3b | 24.6x | 42.9x | 2.4x |
| Sun, 02 Jan 2022 | ₹22.0t | ₹9.1t | ₹495.4b | 22.2x | 44.4x | 2.4x |
| Tue, 30 Nov 2021 | ₹20.7t | ₹9.1t | ₹494.5b | 20x | 41.9x | 2.3x |
| Thu, 28 Oct 2021 | ₹20.9t | ₹8.8t | ₹444.2b | 25.1x | 47.1x | 2.4x |
| Sat, 25 Sep 2021 | ₹20.4t | ₹8.8t | ₹445.5b | 23.7x | 45.7x | 2.3x |
| Mon, 23 Aug 2021 | ₹18.2t | ₹8.9t | ₹444.6b | 20.9x | 40.9x | 2.1x |
| Sat, 10 Jul 2021 | ₹18.0t | ₹8.8t | ₹432.6b | 20.1x | 41.5x | 2x |
Price to Earnings Ratio
48.7x
Current Industry PE
- Investors are optimistic on the Indian Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 48.1x which is higher than its 3-year average PE of 40.4x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 44% 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 | -1.48% | |
| Industrials | -1.28% | |
| Industrials | 4.02% | |
| Logistics | 1.33% | |
| Machinery | 0.70% | |
| Electrical | 0.66% | |
| Airlines | 0% | |
| Transportation | -0.98% | |
| Aerospace & Defense | -2.23% | |
| Construction | -2.65% | |
| Commercial Services | -3.26% | |
| Building | -3.28% | |
| Infrastructure | -3.31% | |
| Professional Services | -3.74% | |
| Marine and Shipping | -5.45% | |
| Trade Distributors | -5.62% | |
Industry PE
- Investors are most optimistic about the Logistics industry which is trading above its 3-year average PE ratio of 79.3x.
- Analysts are expecting annual earnings growth of 40.7%, which is higher than its past year's earnings growth of 11.0% 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 9.3x.
Forecasted Growth
- Analysts are most optimistic on the Trade Distributors industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings growth rate of 28% per year.
- In contrast, the Aerospace & Defense industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| SIEMENS Siemens | ₹6.31k | 7.9% +₹165.0b | 69.7% | PE112.1x | |
| 500002 ABB India | ₹7.19k | 9.9% +₹137.3b | 88.4% | PE122.1x | |
| 500480 Cummins India | ₹3.45k | 5.2% +₹47.2b | 110.0% | PE62.4x | |
| CGPOWER CG Power and Industrial Solutions | ₹581.95 | 5.1% +₹42.8b | 84.2% | PE102.1x | |
| 505790 Schaeffler India | ₹3.85k | 4.4% +₹25.3b | 36.3% | PE66.9x |
