Earnings Miss: Macrotech Developers Limited Missed EPS By 15% And Analysts Are Revising Their Forecasts
Apr 27
Indian (NIFTY) Real Estate Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies182
- 7D-2.6%
- 3M5.7%
- 1Y105.0%
- YTD19.7%
Over the last 7 days, the Real Estate industry has dropped 2.6%, driven by Macrotech Developers declining 10%. On the other hand Prestige Estates Projects is actually up 12%. Over the past 12 months, the industry was up 105%. Earnings are forecast to grow by 31% annually.
Industry Valuation and Performance
Has the Indian Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | ₹7.9t | ₹662.5b | ₹124.6b | 32x | 63.6x | 12x |
| Sat, 06 Apr 2024 | ₹7.9t | ₹658.5b | ₹123.1b | 31.9x | 64.1x | 12x |
| Mon, 04 Mar 2024 | ₹7.8t | ₹659.4b | ₹123.3b | 30.8x | 63.2x | 11.8x |
| Wed, 31 Jan 2024 | ₹7.1t | ₹650.4b | ₹108.3b | 32.4x | 65.5x | 10.9x |
| Fri, 29 Dec 2023 | ₹6.5t | ₹646.2b | ₹108.3b | 28.4x | 59.9x | 10x |
| Sun, 26 Nov 2023 | ₹5.9t | ₹642.1b | ₹108.5b | 25.8x | 54.1x | 9.1x |
| Tue, 24 Oct 2023 | ₹4.8t | ₹585.5b | ₹82.6b | 31.2x | 58.6x | 8.3x |
| Thu, 21 Sep 2023 | ₹4.8t | ₹585.3b | ₹81.8b | 26.4x | 58.4x | 8.2x |
| Sat, 19 Aug 2023 | ₹4.4t | ₹588.2b | ₹58.9b | 27.6x | 74.9x | 7.5x |
| Mon, 17 Jul 2023 | ₹4.4t | ₹576.7b | ₹68.4b | 30x | 64.5x | 7.6x |
| Wed, 14 Jun 2023 | ₹4.3t | ₹577.1b | ₹77.8b | 29x | 55x | 7.4x |
| Fri, 12 May 2023 | ₹3.7t | ₹574.6b | ₹93.0b | 25.2x | 40.2x | 6.5x |
| Sun, 09 Apr 2023 | ₹3.4t | ₹570.2b | ₹90.3b | 21.7x | 37.1x | 5.9x |
| Tue, 07 Mar 2023 | ₹3.4t | ₹564.9b | ₹89.8b | 22.7x | 37.4x | 5.9x |
| Thu, 02 Feb 2023 | ₹3.4t | ₹531.3b | ₹102.9b | 23.5x | 32.8x | 6.3x |
| Sat, 31 Dec 2022 | ₹3.5t | ₹532.6b | ₹100.3b | 24.5x | 35x | 6.6x |
| Mon, 28 Nov 2022 | ₹3.6t | ₹536.4b | ₹89.3b | 24.4x | 40.3x | 6.7x |
| Wed, 26 Oct 2022 | ₹3.4t | ₹519.6b | ₹83.3b | 26.5x | 41.1x | 6.6x |
| Fri, 23 Sep 2022 | ₹3.6t | ₹515.9b | ₹80.1b | 27.5x | 44.9x | 7x |
| Sun, 21 Aug 2022 | ₹3.5t | ₹515.9b | ₹74.6b | 25.9x | 47.5x | 6.9x |
| Tue, 19 Jul 2022 | ₹3.4t | ₹482.7b | ₹60.1b | 25.9x | 55.7x | 6.9x |
| Thu, 16 Jun 2022 | ₹3.1t | ₹474.1b | ₹46.7b | 27.2x | 67.4x | 6.6x |
| Sat, 14 May 2022 | ₹3.0t | ₹452.3b | ₹65.2b | 27.1x | 46.6x | 6.7x |
| Mon, 11 Apr 2022 | ₹3.7t | ₹433.4b | ₹56.7b | 28.9x | 65.9x | 8.6x |
| Wed, 09 Mar 2022 | ₹3.1t | ₹433.6b | ₹56.7b | 27.5x | 55.4x | 7.2x |
| Fri, 04 Feb 2022 | ₹3.9t | ₹432.6b | ₹56.5b | 34.8x | 68.7x | 9x |
| Sun, 02 Jan 2022 | ₹3.8t | ₹425.7b | ₹56.4b | 30.9x | 67.1x | 8.9x |
| Tue, 30 Nov 2021 | ₹3.8t | ₹424.5b | ₹56.4b | 24.4x | 68.1x | 9x |
| Thu, 28 Oct 2021 | ₹3.8t | ₹410.8b | ₹51.1b | 34.6x | 74.6x | 9.3x |
| Sat, 25 Sep 2021 | ₹3.6t | ₹412.7b | ₹27.9b | 30.2x | 129.9x | 8.8x |
| Mon, 23 Aug 2021 | ₹2.7t | ₹424.7b | ₹28.4b | 25.6x | 95.2x | 6.4x |
| Sat, 10 Jul 2021 | ₹2.5t | ₹424.7b | ₹28.4b | 23.5x | 86.6x | 5.8x |
Price to Earnings Ratio
152.5x
Current Industry PE
- Investors are relatively neutral on the Indian Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 62.0x.
- The 3-year average PS ratio of 7.9x is lower than the industry's current PS ratio of 12.0x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 100% per year over the last three years.
- Revenues for these companies have grown 19% 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 Real Estate industry?
| IN Market | -1.98% | |
| Real Estate | -2.55% | |
| Real Estate | -2.64% | |
| Real Estate Development | -1.76% | |
| Real Estate Operating Companies | -3.67% | |
| Diversified Real Estate | -3.79% | |
| Real Estate Services | -13.61% | |
Industry PE
- Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio of 71.2x.
- Analysts expect its future annual earnings growth (29.0%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Real Estate Operating Companies industry, which is trading below its 3-year average of 30.3x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings growth rate of 27% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| PRESTIGE Prestige Estates Projects | ₹1.55k | 12.1% +₹66.8b | 217.4% | PE36.4x | |
| GODREJPROP Godrej Properties | ₹2.81k | 6.3% +₹46.1b | 110.4% | PE107.9x | |
| 532929 Brigade Enterprises | ₹1.11k | 7.7% +₹18.4b | 104.0% | PE81.5x | |
| 544008 Max Estates | ₹348.70 | 18.7% +₹8.1b | n/a | PS47x | |
| OBEROIRLTY Oberoi Realty | ₹1.50k | 1.1% +₹5.8b | 59.6% | PE33.7x |