Earnings Miss: Macrotech Developers Limited Missed EPS By 15% And Analysts Are Revising Their Forecasts
Apr 27
Indian (NIFTY) Real Estate Development Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies133
- 7D-0.7%
- 3M9.7%
- 1Y114.7%
- YTDn/a
Over the last 7 days, the Real Estate Development industry has dropped 1.8%, 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 114%. Earnings are forecast to grow by 33% annually.
Industry Valuation and Performance
Has the Indian Real Estate Development Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | ₹4.6t | ₹495.3b | ₹88.0b | 35.3x | 52.6x | 9.3x |
| Sat, 06 Apr 2024 | ₹4.5t | ₹486.4b | ₹86.2b | 35.4x | 51.6x | 9.2x |
| Mon, 04 Mar 2024 | ₹4.3t | ₹487.3b | ₹86.4b | 33.6x | 50.3x | 8.9x |
| Wed, 31 Jan 2024 | ₹4.1t | ₹485.3b | ₹75.0b | 49.5x | 54.1x | 8.4x |
| Fri, 29 Dec 2023 | ₹3.7t | ₹480.7b | ₹76.4b | 34.2x | 48.2x | 7.7x |
| Sun, 26 Nov 2023 | ₹3.3t | ₹476.6b | ₹76.6b | 29.7x | 43.6x | 7x |
| Tue, 24 Oct 2023 | ₹2.7t | ₹428.0b | ₹53.5b | 34.5x | 50.7x | 6.3x |
| Thu, 21 Sep 2023 | ₹2.7t | ₹428.8b | ₹52.6b | 35.1x | 50.8x | 6.2x |
| Sat, 19 Aug 2023 | ₹2.5t | ₹432.4b | ₹30.1b | 32x | 81.8x | 5.7x |
| Mon, 17 Jul 2023 | ₹2.5t | ₹422.5b | ₹30.0b | 30.6x | 82x | 5.8x |
| Wed, 14 Jun 2023 | ₹2.3t | ₹413.2b | ₹37.8b | 30.1x | 60.2x | 5.5x |
| Fri, 12 May 2023 | ₹2.0t | ₹410.3b | ₹53.9b | 21.8x | 36.3x | 4.8x |
| Sun, 09 Apr 2023 | ₹1.8t | ₹408.0b | ₹51.6b | 22.3x | 34.8x | 4.4x |
| Tue, 07 Mar 2023 | ₹1.8t | ₹402.7b | ₹51.1b | 25.3x | 36.1x | 4.6x |
| Thu, 02 Feb 2023 | ₹1.9t | ₹370.4b | ₹64.7b | 24.8x | 29x | 5.1x |
| Sat, 31 Dec 2022 | ₹1.9t | ₹372.7b | ₹63.8b | 26.5x | 30.3x | 5.2x |
| Mon, 28 Nov 2022 | ₹2.0t | ₹377.7b | ₹53.4b | 27.7x | 36.6x | 5.2x |
| Wed, 26 Oct 2022 | ₹1.9t | ₹364.7b | ₹50.5b | 29.3x | 37x | 5.1x |
| Fri, 23 Sep 2022 | ₹2.0t | ₹361.9b | ₹49.9b | 29.3x | 40x | 5.5x |
| Sun, 21 Aug 2022 | ₹2.0t | ₹361.8b | ₹44.5b | 27.3x | 44.6x | 5.5x |
| Tue, 19 Jul 2022 | ₹1.9t | ₹339.0b | ₹40.0b | 28.2x | 47.2x | 5.6x |
| Thu, 16 Jun 2022 | ₹1.8t | ₹330.5b | ₹26.6b | 27.7x | 68.2x | 5.5x |
| Sat, 14 May 2022 | ₹1.7t | ₹307.6b | ₹43.3b | 25.8x | 39.9x | 5.6x |
| Mon, 11 Apr 2022 | ₹2.1t | ₹288.7b | ₹34.8b | 26.8x | 61.8x | 7.4x |
| Wed, 09 Mar 2022 | ₹1.8t | ₹288.9b | ₹34.8b | 26.7x | 52.6x | 6.3x |
| Fri, 04 Feb 2022 | ₹2.3t | ₹290.9b | ₹34.3b | 34.7x | 65.9x | 7.8x |
| Sun, 02 Jan 2022 | ₹2.2t | ₹280.1b | ₹31.8b | 30x | 69.6x | 7.9x |
| Tue, 30 Nov 2021 | ₹2.3t | ₹278.8b | ₹31.8b | 23.2x | 73.8x | 8.4x |
| Thu, 28 Oct 2021 | ₹2.2t | ₹270.9b | ₹30.1b | 33.4x | 72.9x | 8.1x |
| Sat, 25 Sep 2021 | ₹2.0t | ₹275.8b | ₹7.5b | 28.9x | 271.2x | 7.4x |
| Mon, 23 Aug 2021 | ₹1.5t | ₹287.7b | ₹8.1b | 21.4x | 182.9x | 5.1x |
| Sat, 10 Jul 2021 | ₹1.3t | ₹287.7b | ₹8.1b | 18.3x | 161.9x | 4.5x |
Price to Earnings Ratio
2007.8x
Current Industry PE
- Investors are pessimistic on the Indian Real Estate Development 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 52.6x which is lower than its 3-year average PE of 119x.
- The 3-year average PS ratio of 6.3x is lower than the industry's current PS ratio of 9.3x.
Past Earnings Growth
- The earnings for companies in the Real Estate Development industry have grown 420% per year over the last three years.
- Revenues for these companies have grown 23% 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 Real Estate Development compare with similar industries?
| IN Market | -1.48% | |
| Real Estate | -2.01% | |
| Real Estate | -2.14% | |
| Real Estate Development | -0.73% | |
| Real Estate Operating Companies | -2.51% | |
| Diversified Real Estate | -4.05% | |
| Real Estate Services | -11.78% | |
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 | |
|---|---|---|---|---|---|
| GODREJPROP Godrej Properties | ₹2.76k | 8.9% +₹62.5b | 105.9% | PE105.7x | |
| PRESTIGE Prestige Estates Projects | ₹1.49k | 6.3% +₹35.2b | 203.9% | PE35x | |
| 503031 Peninsula Land | ₹58.43 | 19.4% +₹2.9b | 209.0% | PE11.5x | |
| 543542 Kesar India | ₹513.55 | 27.6% +₹2.7b | 1,542.2% | PE99.6x | |
| 503816 Swadeshi Polytex | ₹323.95 | 27.3% +₹2.7b | 772.0% | PE13.3x |