Duff & Phelps Industry Multiples Report - Seventh Edition
MUMBAI, July 4, 2019 /PRNewswire/ -- Duff & Phelps, the global advisor that protects, restores and maximizes value for clients, today launched the seventh edition of its Industry Multiples India Report for the quarter ended March 2019. The report provides an overview of market multiples of companies in 22 major industries in the S&P BSE 500 Index.
Varun Gupta, Managing Director, Valuation Advisory Services APAC, Duff & Phelps, commented, "The equity market experienced a moderate increase during this quarter, bolstered by hopes of a stable government and dragged down by the increase in crude oil prices. We observed that the P/E multiples of six out of 22 industries have improved in the first quarter of 2019."
Report highlights include:
- Banks experienced the largest P/E expansion of around 55% due to capital infusion in public sector banks thereby improving credit growth and asset quality.
- Real estate stock prices were impacted positively by about 23% because of Embassy REIT's recent listing.
- Additionally, reduction in the GST rates of a few goods and services has led to an improvement in the consumer durables space.
- The healthcare, internet and software sectors witnessed a turnaround from last quarter's decline because of an optimistic demand outlook.
Download the report here.
About Duff & Phelps
Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters, and other governance-related issues. We work with clients across diverse sectors, mitigating risk to assets, operations and people. With Kroll, a division of Duff & Phelps since 2018, our firm has nearly 3,500 professionals in 28 countries around the world.
For more information, visit www.duffandphelps.com.
M&A advisory, capital raising and secondary market advisory services in the United States are provided by Duff & Phelps Securities, LLC. Member FINRA/SIPC. Pagemill Partners is a Division of Duff & Phelps Securities, LLC. M&A advisory and capital raising services in Canada are provided by Duff & Phelps Securities Canada Ltd., a registered Exempt Market Dealer. M&A advisory, capital raising and secondary market advisory services in the United Kingdom and across Europe are provided by Duff & Phelps Securities Ltd. (DPSL), which is authorized and regulated by the Financial Conduct Authority. In Germany M&A advisory and capital raising services are also provided by Duff & Phelps GmbH, which is a Tied Agent of DPSL. Valuation Advisory Services in India are provided by Duff & Phelps India Private Limited under a category 1 merchant banker license issued by the Securities and Exchange Board of India.
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Duff & Phelps
SOURCE Duff & Phelps India Private Limited