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Indian (NIFTY) Industrials Sector Analysis
UpdatedOct 17, 2025
DataAggregated Company Financials
Companies1070
- 7D0.1%
- 3M-0.8%
- 1Y-7.6%
- YTD-2.0%
The Industrials is pretty flat in the last 7 days, but Adani Ports and Special Economic Zone has stood out, gaining 5.0%. Unfortunately though, the industry is down 7.6% over the past 12 months. Looking forward, earnings are forecast to grow by 18% annually.
Sector Valuation and Performance
Has the Indian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 Oct 2025 | ₹60.5t | ₹18.0t | ₹1.5t | 27.5x | 39.1x | 3.4x |
| Mon, 15 Sep 2025 | ₹60.2t | ₹17.9t | ₹1.5t | 28.2x | 39.2x | 3.4x |
| Wed, 13 Aug 2025 | ₹58.0t | ₹17.8t | ₹1.5t | 28.6x | 37.7x | 3.3x |
| Fri, 11 Jul 2025 | ₹61.4t | ₹17.5t | ₹1.5t | 30x | 40.7x | 3.5x |
| Sun, 08 Jun 2025 | ₹59.7t | ₹17.4t | ₹1.5t | 29.6x | 39.8x | 3.4x |
| Tue, 06 May 2025 | ₹50.8t | ₹16.2t | ₹1.4t | 27.5x | 35.3x | 3.1x |
| Thu, 03 Apr 2025 | ₹50.3t | ₹16.1t | ₹1.4t | 26.8x | 36.2x | 3.1x |
| Sat, 01 Mar 2025 | ₹44.9t | ₹16.1t | ₹1.4t | 26x | 32.4x | 2.8x |
| Mon, 27 Jan 2025 | ₹51.8t | ₹15.7t | ₹1.3t | 32.9x | 39.8x | 3.3x |
| Wed, 25 Dec 2024 | ₹58.3t | ₹16.3t | ₹1.4t | 36.4x | 42.9x | 3.6x |
| Fri, 22 Nov 2024 | ₹54.9t | ₹16.3t | ₹1.4t | 33.3x | 40.6x | 3.4x |
| Sun, 20 Oct 2024 | ₹59.7t | ₹14.9t | ₹1.2t | 37.3x | 49.3x | 4x |
| Tue, 17 Sep 2024 | ₹60.1t | ₹14.8t | ₹1.2t | 37.6x | 49.9x | 4.1x |
| Thu, 15 Aug 2024 | ₹58.6t | ₹14.7t | ₹1.2t | 36.6x | 49.6x | 4x |
| Sat, 13 Jul 2024 | ₹63.7t | ₹15.0t | ₹1.2t | 37.4x | 53.3x | 4.2x |
| Mon, 10 Jun 2024 | ₹57.7t | ₹15.0t | ₹1.2t | 33x | 48.2x | 3.9x |
| Wed, 08 May 2024 | ₹50.2t | ₹13.8t | ₹1.0t | 34.7x | 48.1x | 3.6x |
| Fri, 05 Apr 2024 | ₹49.3t | ₹13.8t | ₹1.0t | 33.3x | 47.7x | 3.6x |
| Sun, 03 Mar 2024 | ₹46.8t | ₹13.8t | ₹1.0t | 33.7x | 45.4x | 3.4x |
| Tue, 30 Jan 2024 | ₹46.5t | ₹13.5t | ₹968.3b | 33.4x | 48x | 3.4x |
| Thu, 28 Dec 2023 | ₹41.7t | ₹13.5t | ₹964.3b | 30.5x | 43.2x | 3.1x |
| Sat, 25 Nov 2023 | ₹36.9t | ₹13.4t | ₹956.4b | 29x | 38.6x | 2.8x |
| Mon, 23 Oct 2023 | ₹35.8t | ₹13.2t | ₹920.8b | 30.2x | 38.8x | 2.7x |
| Wed, 20 Sep 2023 | ₹35.7t | ₹13.1t | ₹918.7b | 29.1x | 38.8x | 2.7x |
| Fri, 18 Aug 2023 | ₹33.6t | ₹13.0t | ₹917.7b | 27.4x | 36.6x | 2.6x |
| Sun, 16 Jul 2023 | ₹31.8t | ₹12.8t | ₹883.3b | 27.9x | 36x | 2.5x |
| Tue, 13 Jun 2023 | ₹30.4t | ₹12.8t | ₹879.0b | 26.8x | 34.5x | 2.4x |
| Thu, 11 May 2023 | ₹27.5t | ₹12.5t | ₹819.7b | 24.1x | 33.6x | 2.2x |
| Sat, 08 Apr 2023 | ₹25.8t | ₹12.4t | ₹798.5b | 21.9x | 32.3x | 2.1x |
| Mon, 06 Mar 2023 | ₹25.4t | ₹12.2t | ₹781.9b | 21.9x | 32.5x | 2.1x |
| Wed, 01 Feb 2023 | ₹26.1t | ₹11.9t | ₹755.0b | 23.5x | 34.6x | 2.2x |
| Fri, 30 Dec 2022 | ₹27.2t | ₹11.8t | ₹742.0b | 23.5x | 36.7x | 2.3x |
| Sun, 27 Nov 2022 | ₹28.0t | ₹11.7t | ₹736.3b | 22.9x | 38x | 2.4x |
| Tue, 25 Oct 2022 | ₹26.2t | ₹11.0t | ₹654.7b | 23.6x | 40x | 2.4x |
Price to Earnings Ratio
40x
Current Industry PE
- Investors are relatively neutral on the Indian Industrials 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 40.2x.
- The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 33% 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 Trends
Which industries have driven the changes within the Indian Industrials sector?
| IN Market | 0.84% | |
| Industrials | 0.14% | |
| Infrastructure | 4.88% | |
| Building | 2.03% | |
| Construction | 1.21% | |
| Marine and Shipping | 0.27% | |
| Commercial Services | 0.21% | |
| Trade Distributors | 0.077% | |
| Airlines | 0% | 0 |
| Industrials | -0.25% | |
| Professional Services | -0.47% | |
| Aerospace & Defense | -0.48% | |
| Transportation | -0.67% | |
| Electrical | -0.72% | |
| Logistics | -1.33% | |
| Machinery | -1.65% | |
Industry PE
- Investors are most optimistic about the Building industry which is trading above its 3-year average PE ratio of 48.5x.
- Analysts are expecting annual earnings growth of 24.3%, which is higher than its past year's earnings growth of 9.1% per year.
- Investors are most pessimistic about the Marine and Shipping industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.8x.
Forecasted Growth
- Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Industrials industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| ADANIPORTS Adani Ports and Special Economic Zone | ₹1.48k | 5.0% +₹151.2b | 5.3% | PE28.3x | |
| 500510 Larsen & Toubro | ₹3.84k | 1.5% +₹76.7b | 7.3% | PE34.3x | |
| INDIGO InterGlobe Aviation | ₹5.85k | 2.0% +₹43.7b | 25.4% | PE33.7x | |
| HAL Hindustan Aeronautics | ₹4.88k | 0.9% +₹30.5b | 7.8% | PE39.3x | |
| 500033 Force Motors | ₹17.57k | 11.3% +₹23.6b | 154.4% | PE26.9x |
