Rishabh Instruments Limited (NSE:RISHABH) Shares May Have Slumped 27% But Getting In Cheap Is Still Unlikely
Mar 13
Indian (NIFTY) Electronic Equipment and Instruments Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies16
- 7D-4.0%
- 3M7.2%
- 1Y50.1%
- YTDn/a
Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 4.0%, driven by a pullback from Zen Technologies of 16%. On the other hand Nitiraj Engineers is actually up 17%. Over the past 12 months, the industry was up 50%. Earnings are forecast to grow by 29% annually.
Industry Valuation and Performance
Has the Indian Electronic Equipment and Instruments Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ₹607.4b | ₹67.3b | ₹11.9b | 50.5x | 51.2x | 9x |
| Fri, 05 Apr 2024 | ₹574.9b | ₹66.7b | ₹11.7b | 40.5x | 49.1x | 8.6x |
| Sun, 03 Mar 2024 | ₹541.4b | ₹66.7b | ₹11.7b | 37.3x | 46.2x | 8.1x |
| Tue, 30 Jan 2024 | ₹540.7b | ₹65.2b | ₹11.8b | 41.8x | 45.7x | 8.3x |
| Thu, 28 Dec 2023 | ₹492.9b | ₹64.6b | ₹11.6b | 41.4x | 42.4x | 7.6x |
| Sat, 25 Nov 2023 | ₹500.4b | ₹64.6b | ₹11.6b | 33.6x | 43.1x | 7.7x |
| Mon, 23 Oct 2023 | ₹498.1b | ₹59.5b | ₹10.7b | 38.2x | 46.3x | 8.4x |
| Wed, 20 Sep 2023 | ₹520.4b | ₹59.1b | ₹10.7b | 36.5x | 48.7x | 8.8x |
| Fri, 18 Aug 2023 | ₹505.1b | ₹52.5b | ₹10.3b | 58x | 49.1x | 9.6x |
| Sun, 16 Jul 2023 | ₹495.1b | ₹49.8b | ₹9.8b | 27.9x | 50.6x | 9.9x |
| Tue, 13 Jun 2023 | ₹443.9b | ₹49.9b | ₹9.8b | 31x | 45.3x | 8.9x |
| Thu, 11 May 2023 | ₹385.8b | ₹47.7b | ₹5.3b | 28.6x | 72.6x | 8.1x |
| Sat, 08 Apr 2023 | ₹381.4b | ₹46.8b | ₹5.1b | 26.6x | 74.7x | 8.1x |
| Mon, 06 Mar 2023 | ₹368.7b | ₹46.8b | ₹5.1b | 20.7x | 72.2x | 7.9x |
| Wed, 01 Feb 2023 | ₹398.2b | ₹45.2b | ₹4.9b | 24.4x | 81.1x | 8.8x |
| Fri, 30 Dec 2022 | ₹409.8b | ₹44.6b | ₹4.8b | 21.9x | 85.9x | 9.2x |
| Sun, 27 Nov 2022 | ₹425.6b | ₹44.6b | ₹4.8b | 23.2x | 89.2x | 9.5x |
| Tue, 25 Oct 2022 | ₹383.8b | ₹43.4b | ₹4.3b | 19.6x | 89.3x | 8.8x |
| Thu, 22 Sep 2022 | ₹414.5b | ₹43.3b | ₹4.3b | 21.1x | 96.8x | 9.6x |
| Sat, 20 Aug 2022 | ₹416.0b | ₹43.4b | ₹4.3b | 31.5x | 97.2x | 9.6x |
| Mon, 18 Jul 2022 | ₹358.8b | ₹41.3b | ₹4.2b | 31.2x | 85.2x | 8.7x |
| Wed, 15 Jun 2022 | ₹336.1b | ₹41.3b | ₹4.2b | 29.8x | 79.8x | 8.1x |
| Fri, 13 May 2022 | ₹383.7b | ₹41.3b | ₹4.7b | 61.7x | 81.5x | 9.3x |
| Sun, 10 Apr 2022 | ₹405.9b | ₹41.1b | ₹4.7b | 51.3x | 86.5x | 9.9x |
| Tue, 08 Mar 2022 | ₹388.4b | ₹41.1b | ₹4.7b | 44.8x | 82.8x | 9.4x |
| Thu, 03 Feb 2022 | ₹452.5b | ₹41.1b | ₹5.3b | 30.3x | 85.1x | 11x |
| Sat, 01 Jan 2022 | ₹414.4b | ₹40.7b | ₹5.5b | 34.2x | 75.8x | 10.2x |
| Mon, 29 Nov 2021 | ₹389.5b | ₹40.7b | ₹5.5b | 27.9x | 71.2x | 9.6x |
| Wed, 27 Oct 2021 | ₹424.1b | ₹40.7b | ₹5.8b | 64.7x | 73.6x | 10.4x |
| Fri, 24 Sep 2021 | ₹427.2b | ₹40.6b | ₹5.7b | 64.7x | 74.5x | 10.5x |
| Sun, 22 Aug 2021 | ₹374.3b | ₹40.8b | ₹5.7b | 17.5x | 65.4x | 9.2x |
| Fri, 09 Jul 2021 | ₹401.3b | ₹40.8b | ₹5.7b | 19.6x | 70.1x | 9.8x |
Price to Earnings Ratio
72.4x
Current Industry PE
- Investors are pessimistic on the Indian Electronic Equipment and Instruments 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 51.2x which is lower than its 3-year average PE of 69.6x.
- The industry is trading close to its 3-year average PS ratio of 9.1x.
Past Earnings Growth
- The earnings for companies in the Electronic Equipment and Instruments industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 18% 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 Electronic Equipment and Instruments compare with similar industries?
| IN Market | -1.98% | |
| Tech | 1.08% | |
| Electronic Equipment and Components | -4.75% | |
| Electronic Equipment and Instruments | -3.98% | |
| Technology Distributors | -4.12% | |
| Electronic Manufacturing Services | -4.64% | |
| Electronic Components | -13.10% | |
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 | |
|---|---|---|---|---|---|
| NITIRAJ Nitiraj Engineers | ₹221.00 | 17.2% +₹333.2m | 190.8% | PE49.1x | |
| 517393 Vintron Informatics | ₹32.60 | 10.3% +₹238.2m | 452.5% | PS23.9x | |
| 509015 Thakral Services (India) | ₹34.79 | 8.9% +₹33.3m | n/a | PS1.6x | |
| HOLMARC Holmarc Opto-Mechatronics | ₹100.85 | 0.9% +₹8.5m | n/a | PE28.2x | |
| 532470 MPF Systems | ₹29.87 | 5.0% +₹241.6k | 151.6% | PE7.9x |