2024年印度股票市场前景及投资研究报告：财阀经济,竞争格局

123CIL

80%CIL4CR3590()gdp19951996199719981999200028.0718.9111.7315.329.1810.436.9111.2310.8913.0413.8810.95%9.92%9.24%539.37580.14667.88520.82562.517.85%8.01%

7.66%648.79

15.34%

8.49%742.76

14.48%

8.34%847.22

14.06%

9.13%10.42200129.3430.53787.9620022003200420052006200720082009201020112012201320142015201620172018201920202021202214.1910.6914.4154.8190.92102.69164.9293.49102.62160.45158.54130.16127.06112.77119.6998.3485.3356.1059.39109.45266.2923.6626.5619.8630.6342.1944.7342.5659.2351.6454.4949.3477.0774.1260.7867.6553.6162.2258.2256.0638.7858.48877.97945.271,041.12913.367.81%

10.04%1,014.05

11.02%

10.11%1,239.98

1,181.94

16.56%

11.39%1,511.78

1,424.13

20.49%

12.72%1,759.29

1,663.21

16.79%

14.23%1,926.01

1,800.99

8.28%

9.65%1,726.40

-4.14%

9.40%2,125.44

23.11%

10.64%2,473.52

2,338.81

10.04%

9.55%2,696.82

2,568.21

9.81%

7.86%2,927.44

2,785.29

8.45%

7.77%2,925.86

5.05%

7.43%2,903.49

-0.76%

7.04%3,201.68

3,074.19

5.88%

6.85%3,329.17

3,226.39

4.95%

6.95%3,475.47

3,370.59

4.47%

6.75%()()(31.141713.848121.264230.238530.465340.798148.413342.579542.129820.826730.934524.8057)()200920102011201220132014201520162017201820192020223.7616233.4446240.8731237.5834239.1655244.289250.396259.457.6995247.2038232.9136

-5.78%14.37918.22085.91187.60594.22253.9165261.9101262.0249280.8671290.5949293.5486300.3978296.14529.02%3.15%0.04%7.19%3.46%1.02%2.33%-1.42%1,832.372,228.398.21448.480915.96317.216518.749427.53743,063.513,020.66274.231292.535313.694296.408325.8791

10.04%293.6763

-9.88%1.74%3,457.893,673.873,371.62

0.03%

5.95%3,588.11

6.42%

2.24%3,891.31

3,797.80

5.84%

8.45%3,980.53

3,788.91

-0.23%

2.99%8.40%PVC25020015010050200%

12%10%150%100%50%0%8%6%4%2%0%0-50%出口量同比增长7PVC120105907560453015060%50%40%30%20%10%0%2017201821.7412.966.453.421.821.130.860.390.870.810.215.284.012.224.095.453.818.311.675.521.413.701.726.509.956.440.9910.495.585.705.177.072.614.730.58201920204.57202130.4158.24109.2914.48202220232024

1-2出口印度数量出口印度数量占我国出口量比例8PVC90PVC110.95200920102011201220132014201520162017201820192020251.55266.50331.97331.46334.64319.19372.74402.17422.27383.19646.68636.49276.27298.12356.71374.07398.81386.94445.67442.52445.79463.95488.76521.582000239256336405503638794949870907113119225122522921116614513011319215144427127.82129.58125.66136.70133.04143.79146.15146.61148.84151.36143.41200120022003200420052006200720082009201031535050355717.69%10.82%12.91%12.80%11.20%12.66%12.89%-8.40%16.50%17.20%95.97%94.07%79.85%70.12%66.16%62.42%55.02%53.83%54.26%44305629630471091015507563282778912001520158116842084889100491910711255929027025023021019017015035%30%25%20%15%10%5%12%10%8%6%4%2%0%0%201820192020202120222023年1-8月201820192020202120222023

1-8出口量同比增长105040302010020%15%10%5%2018320196202011.629202128.827.426.825.725.221.221202230.63324.124.714.128.914.413.2826.430.118.540.420.21926.721.332.920.622.811.21230.329.926.920.429.414.613.86.50%20182019印度20202021印度出口占国内出口量比例20222023年1-8月20202019201820172016201520142013201220112010200940.349.8952.9951.3353.6551.0557.356.4651.0948.5252.7254.32.17909.381,027.49931.4412.369.516.110.77.42.522.363.153.393.475.145.916.436.976.168.6114.7314.8315.0416.3315.3816.5814.7515.2414.3913.3910.17.21,005.301,056.001,039.651,021.251,010.05974.0514.373.2226.96.281.6268.976.8271.189.3299.795.1330.6953.221,036.71980.285.38111225%45%1/360%45%Centre

for

Monitoring

Indian

Economy

CMIE1/4

201520146

8355020222080%13Adani14AdaniAdani

Enterprises

Limited

(AEL):FY23:FY24:26,95128,827EBITDA

1,954PAT74087.90%6.96%EBITDA

3,672PAT1,973256166.63%148.90%Adani

Green

Energy

Limited

(AGEL):FY23:FY24:2,2582,675EBITDA

1,49618.47%PAT10348.70%EBITDA

2,225PATAdaniEnergy

Solutions

Limited

(AESL):FY23:FY24:3,7194,824EBITDA

1,708PAT4781.45%29.71%EBITDA

1,732EBITDA

5,009PAT34827.16%Adani

PowerLimited

(APL):FY23:FY24:8,29013,355EBITDA

2,06961.10%142.12%PAT2,738130.35%Adani

Total

Gas

Limited

(ATGL):FY23:FY24:1,1941,256EBITDA

240PAT15027.30%5.26%EBITDA

306PAT17717.61%Adani

Ports

and

Special

Economic

Zone

Limited

(APSEZ):FY23:FY24:Adani

Cement:FY23:5,0517,427EBITDA

3,296PATPATPAT1,33739.41%47.03%EBITDA

4,595PAT2,2081,09020165.22%8,0238,322EBITDA

1,14448869.20%FY24:3.73%EBITDA

1,936PAT123.32%18.39%AdaniWilmar

Limited

(AWL):FY23:FY24:15,51612,888EBITDA

69716.94%24619.95%EBITDA

558PAT15Adani16Adani17182001-2007周前收盘价[交易日期]2001-03-31周前收盘价[交易日期]2007-09-30交易日期交易日期][]

2001-03-31[复权方式]

后复

[复权方式]

后复[2007-09-30[复权方式]

后

[复权方式]

后权[单位]

元9.551.1914.608.92权复权[单位]

元0.61复权[单位]

元19.65154.47132.6754.8276.4926.3159.5240.7067.8064.0120.3351.3192.3130.99108.7215.0474.7368.8669.5672.7932.5826.3124.734.79证券代码证券简称中国船舶振华B股振华重工中船防务中联重科东方电气保变电气柳工[单位]

元407.6822.81242.22123.83320.40116.02184.94153.2496.90523.55414.02660.42151.44161.72137.94100.6348.79280.46189.188.6271.9780.1767.71169.5788.84涨幅42.6919.0916.5913.8813.7511.5210.829.739.678.367.587.527.376.696.546.266.246.036.035.995.615.545.325.235.235.01证券代码证券简称伊泰B股山西焦煤兰花科创兖矿能源冀中能源上海石化云维股份蓝焰控股石化机械美锦能源华锦股份云煤能源山西焦化广聚能源广汇能源石化油服新大洲A新潮能源泰山石油郑州煤电中油工程国际实业甘肃能化ST洲际涨幅32.2712.267.464.934.834.394.103.843.663.352.572.382.362.322.272.071.741.701.661.531.431.291.280.30600150.SH900947.SH600320.SH600685.SH000157.SZ600875.SH600550.SH000528.SZ000951.SZ000652.SZ600717.SH000039.SZ600072.SH600761.SH000768.SZ600009.SH200771.SZ600089.SH600058.SH201872.SZ000410.SZ600169.SH000680.SZ600755.SH001872.SZ000755.SZ900948.SH000983.SZ600123.SH600188.SH000937.SZ600688.SH600725.SH000968.SZ000852.SZ000723.SZ000059.SZ600792.SH600740.SH000096.SZ600256.SH600871.SH000571.SZ600777.SH000554.SZ600121.SH600339.SH000159.SZ000552.SZ600759.SH12.6017.7911.1315.855.9923.3110.0717.1015.7510.0262.5954.5987.8120.5424.1821.0916.077.8246.5231.391.4412.8314.4812.7432.4116.9915.9414.5010.5918.5519.137.91中国重汽泰达股份天津港中集集团中船科技安徽合力中航西飞上海机场杭汽轮B特变电工五矿发展招港B沈阳机床太原重工山推股份厦门国贸招商港口山西路桥21.6039.1213.3647.907.2642.8940.4942.0147.7322.8020.4619.2515.7479.85192001-2007前收盘价前收盘价[交易日期]

2001-03-30

[交易日期]

2007-09-30[复权方式]

后复权[单位]

元[复权方式]

后复权[单位]

元证券代码证券简称锡业股份神火股份云南铜业万华化学盐湖股份中金岭南鞍钢股份太钢不锈焦作万方云铝股份中色股份河钢股份云天化中化国际亚泰集团新疆众和酒钢宏兴铜陵有色股份涨幅216.91

16.08000960.SZ000933.SZ000878.SZ600309.SH000792.SZ000060.SZ000898.SZ000825.SZ000612.SZ000807.SZ000758.SZ000709.SZ600096.SH600500.SH600881.SH600888.SH600307.SH000630.SZ600308.SH000422.SZ600110.SH000831.SZ600808.SH600019.SH600176.SH13.4915.8218.0648.2219.4239.274.8411.0726.1612.5828.6815.0214.9416.9799.8023.547.36224.59255.78668.56261.84512.3260.21119.94275.71130.92275.58138.97116.38130.85750.34170.5453.07155.45103.63220.69185.4982.2423.5529.3074.5514.2014.1613.8613.4913.0512.4410.8410.5410.419.619.257.797.717.527.257.216.556.1323.7316.9038.3632.7715.044.32湖北宜化诺德股份中国稀土马钢股份宝钢股份中国巨石5.755.665.475.455.205.165.6414.452030%relianceONGC65%60%30.0025.0020.0015.0010.005.0030.0020.0018.0016.0014.0012.0010.008.00426.00175.00155.00135.00115.0095.0075.0055.0035.0025.00

245.00376.00326.00276.00226.00176.00126.0076.0020.00195.00145.0095.0045.0015.0010.005.006.004.002.000.000.000.00股价PE-TTM股价PE-TTM股价PE-TTM2150.0030.0025.0020.0015.0010.005.00547.00447.00347.00247.00147.0047.000.00230.00210.00190.00170.00150