ACC's (NSE:ACC) Earnings Are Of Questionable Quality
May 03
Indian (NIFTY) Basic Materials Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies64
- 7D-2.6%
- 3M-1.6%
- 1Y24.2%
- YTD-3.1%
Over the last 7 days, the Basic Materials industry has dropped 1.9%, driven by UltraTech Cement declining 4.5%. In the past year, the industry has gained 26%. Looking forward, earnings are forecast to grow by 9.5% annually.
Industry Valuation and Performance
Has the Indian Basic Materials Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | ₹9.1t | ₹3.8t | ₹251.5b | 31.9x | 36.3x | 2.4x |
| Sat, 06 Apr 2024 | ₹9.1t | ₹3.8t | ₹234.5b | 31.6x | 38.8x | 2.4x |
| Mon, 04 Mar 2024 | ₹9.3t | ₹3.8t | ₹234.5b | 32.8x | 39.5x | 2.4x |
| Wed, 31 Jan 2024 | ₹9.1t | ₹3.8t | ₹232.7b | 37.9x | 39.3x | 2.4x |
| Fri, 29 Dec 2023 | ₹9.1t | ₹3.8t | ₹216.9b | 36.6x | 41.9x | 2.4x |
| Sun, 26 Nov 2023 | ₹7.9t | ₹3.8t | ₹216.9b | 32.4x | 36.3x | 2.1x |
| Tue, 24 Oct 2023 | ₹7.6t | ₹3.7t | ₹191.3b | 32.4x | 39.9x | 2.1x |
| Thu, 21 Sep 2023 | ₹7.8t | ₹3.7t | ₹185.2b | 30.4x | 42.2x | 2.1x |
| Sat, 19 Aug 2023 | ₹7.5t | ₹3.7t | ₹184.0b | 31.6x | 40.5x | 2x |
| Mon, 17 Jul 2023 | ₹7.4t | ₹3.6t | ₹186.0b | 29.8x | 39.5x | 2.1x |
| Wed, 14 Jun 2023 | ₹7.6t | ₹3.6t | ₹185.8b | 32.8x | 40.8x | 2.1x |
| Fri, 12 May 2023 | ₹7.2t | ₹3.5t | ₹211.1b | 24.8x | 34.1x | 2.1x |
| Sun, 09 Apr 2023 | ₹7.0t | ₹3.4t | ₹210.3b | 23x | 33.2x | 2x |
| Tue, 07 Mar 2023 | ₹6.7t | ₹3.4t | ₹210.0b | 24.8x | 32.1x | 2x |
| Thu, 02 Feb 2023 | ₹6.5t | ₹3.4t | ₹206.1b | 23.6x | 31.8x | 1.9x |
| Sat, 31 Dec 2022 | ₹7.1t | ₹3.3t | ₹214.1b | 24.5x | 33.3x | 2.1x |
| Mon, 28 Nov 2022 | ₹7.2t | ₹3.3t | ₹213.8b | 24.3x | 33.5x | 2.1x |
| Wed, 26 Oct 2022 | ₹6.7t | ₹3.3t | ₹234.3b | 21.8x | 28.7x | 2.1x |
| Fri, 23 Sep 2022 | ₹6.9t | ₹3.2t | ₹256.5b | 21.2x | 26.9x | 2.1x |
| Sun, 21 Aug 2022 | ₹6.5t | ₹3.2t | ₹256.9b | 19.1x | 25.4x | 2x |
| Tue, 19 Jul 2022 | ₹5.8t | ₹3.0t | ₹266.1b | 16x | 21.6x | 1.9x |
| Thu, 16 Jun 2022 | ₹5.5t | ₹3.0t | ₹270.6b | 15.8x | 20.4x | 1.8x |
| Sat, 14 May 2022 | ₹6.0t | ₹3.0t | ₹269.0b | 15.3x | 22.4x | 2x |
| Mon, 11 Apr 2022 | ₹6.7t | ₹2.9t | ₹271.0b | 16.5x | 24.8x | 2.3x |
| Wed, 09 Mar 2022 | ₹5.7t | ₹2.9t | ₹271.4b | 14.7x | 20.9x | 1.9x |
| Fri, 04 Feb 2022 | ₹7.1t | ₹2.9t | ₹280.7b | 16.8x | 25.3x | 2.5x |
| Sun, 02 Jan 2022 | ₹7.2t | ₹2.9t | ₹283.4b | 17.5x | 25.2x | 2.5x |
| Tue, 30 Nov 2021 | ₹7.0t | ₹2.9t | ₹283.4b | 15.8x | 24.8x | 2.5x |
| Thu, 28 Oct 2021 | ₹7.2t | ₹2.8t | ₹280.6b | 16.4x | 25.8x | 2.6x |
| Sat, 25 Sep 2021 | ₹7.4t | ₹2.8t | ₹274.9b | 16.8x | 26.8x | 2.7x |
| Mon, 23 Aug 2021 | ₹7.0t | ₹2.8t | ₹274.9b | 16.9x | 25.3x | 2.5x |
| Sat, 10 Jul 2021 | ₹6.5t | ₹2.7t | ₹273.1b | 17.1x | 23.8x | 2.4x |
Price to Earnings Ratio
27.7x
Current Industry PE
- Investors are optimistic on the Indian Basic Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 36.5x which is higher than its 3-year average PE of 31.2x.
- The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Basic Materials industry have grown 3.0% per year over the last three years.
- Revenues for these companies have grown 16% 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 Materials industry?
| IN Market | -1.48% | |
| Materials | -1.92% | |
| Basic Materials | -2.60% | |
| Construction Materials | -2.60% | |
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 | |
|---|---|---|---|---|---|
| SHREECEM Shree Cement | ₹25.66k | 5.0% +₹43.9b | 5.0% | PE41.2x | |
| 500335 Birla | ₹1.53k | 6.3% +₹7.0b | 53.5% | PE28.1x | |
| 502157 Mangalam Cement | ₹892.75 | 6.1% +₹1.4b | 209.9% | PE41.1x | |
| ORIENTCEM Orient Cement | ₹227.35 | 1.7% +₹768.3m | 77.1% | PE26.6x | |
| 532323 Shiva Cement | ₹43.91 | 4.0% +₹325.7m | -7.0% | PS8.2x |
