Ingersoll-Rand (India) Limited's (NSE:INGERRAND) Price In Tune With Earnings
May 09
Indian (NIFTY) Machinery Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies201
- 7D0.7%
- 3M16.1%
- 1Y70.0%
- YTD24.1%
Over the last 7 days, the Machinery industry has remained flat, although notably Cummins India gained 5.2%. As for the the longer term, the industry is up 70% over the past 12 months. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Indian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | ₹8.9t | ₹2.3t | ₹191.1b | 39.1x | 46.4x | 3.9x |
| Sat, 06 Apr 2024 | ₹8.2t | ₹2.2t | ₹190.2b | 36.9x | 43x | 3.7x |
| Mon, 04 Mar 2024 | ₹7.5t | ₹2.2t | ₹188.6b | 34.9x | 39.9x | 3.4x |
| Wed, 31 Jan 2024 | ₹7.2t | ₹2.2t | ₹177.7b | 34.2x | 40.7x | 3.3x |
| Fri, 29 Dec 2023 | ₹6.9t | ₹2.2t | ₹176.5b | 33.4x | 39.2x | 3.2x |
| Sun, 26 Nov 2023 | ₹6.4t | ₹2.1t | ₹172.5b | 31.7x | 37x | 3x |
| Tue, 24 Oct 2023 | ₹6.1t | ₹2.1t | ₹162.0b | 30.7x | 37.7x | 2.9x |
| Thu, 21 Sep 2023 | ₹6.3t | ₹2.1t | ₹161.3b | 30.4x | 38.8x | 3x |
| Sat, 19 Aug 2023 | ₹6.0t | ₹2.1t | ₹161.4b | 30x | 37.3x | 2.9x |
| Mon, 17 Jul 2023 | ₹5.7t | ₹2.0t | ₹144.6b | 28.5x | 39.6x | 2.9x |
| Wed, 14 Jun 2023 | ₹5.4t | ₹2.0t | ₹144.1b | 27x | 37.2x | 2.7x |
| Fri, 12 May 2023 | ₹4.9t | ₹1.9t | ₹130.5b | 27.4x | 37.3x | 2.5x |
| Sun, 09 Apr 2023 | ₹4.7t | ₹1.9t | ₹129.6b | 23.4x | 36.3x | 2.5x |
| Tue, 07 Mar 2023 | ₹4.7t | ₹1.9t | ₹129.6b | 23x | 36x | 2.5x |
| Thu, 02 Feb 2023 | ₹4.5t | ₹1.8t | ₹115.4b | 24.9x | 39.3x | 2.5x |
| Sat, 31 Dec 2022 | ₹4.5t | ₹1.8t | ₹112.5b | 25.7x | 40.1x | 2.5x |
| Mon, 28 Nov 2022 | ₹4.7t | ₹1.8t | ₹110.8b | 26.2x | 42.6x | 2.7x |
| Wed, 26 Oct 2022 | ₹4.6t | ₹1.7t | ₹104.3b | 27.3x | 44.2x | 2.7x |
| Fri, 23 Sep 2022 | ₹4.6t | ₹1.7t | ₹101.8b | 27.7x | 45.1x | 2.8x |
| Sun, 21 Aug 2022 | ₹4.2t | ₹1.7t | ₹100.0b | 24.4x | 42.1x | 2.5x |
| Tue, 19 Jul 2022 | ₹3.8t | ₹1.5t | ₹89.5b | 24.2x | 42.3x | 2.5x |
| Thu, 16 Jun 2022 | ₹3.7t | ₹1.5t | ₹89.3b | 24.5x | 41.1x | 2.4x |
| Sat, 14 May 2022 | ₹3.4t | ₹1.4t | ₹85.8b | 22.4x | 39.4x | 2.3x |
| Mon, 11 Apr 2022 | ₹3.7t | ₹1.4t | ₹84.0b | 24.7x | 44.5x | 2.6x |
| Wed, 09 Mar 2022 | ₹3.3t | ₹1.4t | ₹84.0b | 22x | 39.5x | 2.3x |
| Fri, 04 Feb 2022 | ₹3.8t | ₹1.4t | ₹87.2b | 26.2x | 43.5x | 2.7x |
| Sun, 02 Jan 2022 | ₹3.6t | ₹1.4t | ₹87.0b | 24.4x | 41.3x | 2.6x |
| Tue, 30 Nov 2021 | ₹3.4t | ₹1.4t | ₹85.7b | 21.1x | 39.1x | 2.4x |
| Thu, 28 Oct 2021 | ₹3.3t | ₹1.3t | ₹76.8b | 22.9x | 42.6x | 2.5x |
| Sat, 25 Sep 2021 | ₹3.3t | ₹1.3t | ₹79.5b | 23.8x | 41.7x | 2.5x |
| Mon, 23 Aug 2021 | ₹3.0t | ₹1.3t | ₹77.9b | 21.5x | 38.9x | 2.3x |
| Sat, 10 Jul 2021 | ₹3.0t | ₹1.3t | ₹76.7b | 20.2x | 38.8x | 2.3x |
Price to Earnings Ratio
46.4x
Current Industry PE
- Investors are optimistic on the Indian Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 46.4x which is higher than its 3-year average PE of 40.6x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 47% per year over the last three years.
- Revenues for these companies have grown 24% 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 industry?
| IN Market | -1.48% | |
| Industrials | -1.28% | |
| Machinery | 0.70% | |
| Agricultural Machinery | 3.94% | |
| Construction Machinery and Vehicles | 1.19% | |
| Industrial Machinery | 0.10% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 40.5x.
- Analysts are expecting annual earnings growth of 16.0%, which is lower than the prior year's growth of 25.5% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 28.1x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 26% per year.
- In contrast, the Agricultural Machinery 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 | |
|---|---|---|---|---|---|
| 500480 Cummins India | ₹3.40k | 2.8% +₹25.3b | 108.7% | PE61.5x | |
| 500472 SKF India | ₹4.95k | 4.9% +₹11.4b | 14.4% | PE44.3x | |
| INGERRAND Ingersoll-Rand (India) | ₹4.30k | 6.8% +₹8.6b | 71.1% | PE60.2x | |
| 505790 Schaeffler India | ₹3.79k | 1.2% +₹7.0b | 34.9% | PE65.9x | |
| 522113 Timken India | ₹3.45k | 2.8% +₹7.0b | 9.1% | PE73x |
