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Indian (NIFTY) Industrials Sector Analysis
UpdatedApr 22, 2026
DataAggregated Company Financials
Companies1121
- 7D6.2%
- 3M13.7%
- 1Y13.1%
- YTD4.7%
In the last week, the Industrials industry is up 5.7%, with Adani Ports and Special Economic Zone up 8.8%. This means that the industry has gained 13% over the past year. Looking forward, earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Wed, 22 Apr 2026 | ₹64.8t | ₹19.3t | ₹1.7t | 22.9x | 37.8x | 3.4x |
| Fri, 20 Mar 2026 | ₹56.4t | ₹19.2t | ₹1.7t | 19.6x | 33.1x | 2.9x |
| Sun, 15 Feb 2026 | ₹60.9t | ₹19.3t | ₹1.8t | 21.8x | 34.6x | 3.2x |
| Tue, 13 Jan 2026 | ₹59.1t | ₹18.7t | ₹1.7t | 23.3x | 35.8x | 3.2x |
| Thu, 11 Dec 2025 | ₹58.7t | ₹18.6t | ₹1.6t | 24.5x | 35.6x | 3.2x |
| Sat, 08 Nov 2025 | ₹60.0t | ₹18.3t | ₹1.6t | 27.4x | 37.8x | 3.3x |
| Mon, 06 Oct 2025 | ₹60.7t | ₹18.0t | ₹1.5t | 28.2x | 39.3x | 3.4x |
| Wed, 03 Sep 2025 | ₹58.8t | ₹17.8t | ₹1.5t | 28.4x | 38.3x | 3.3x |
| Fri, 01 Aug 2025 | ₹59.3t | ₹17.7t | ₹1.5t | 29.4x | 38.8x | 3.4x |
| Sun, 29 Jun 2025 | ₹61.0t | ₹17.4t | ₹1.5t | 30.1x | 40.5x | 3.5x |
| Tue, 27 May 2025 | ₹58.1t | ₹17.3t | ₹1.5t | 28.9x | 38.2x | 3.4x |
| Thu, 24 Apr 2025 | ₹50.9t | ₹16.2t | ₹1.4t | 28.7x | 36.6x | 3.1x |
| Sat, 22 Mar 2025 | ₹50.2t | ₹16.1t | ₹1.4t | 26.6x | 36.1x | 3.1x |
| Mon, 17 Feb 2025 | ₹46.9t | ₹16.1t | ₹1.4t | 27.9x | 34x | 2.9x |
| Wed, 15 Jan 2025 | ₹54.3t | ₹16.4t | ₹1.4t | 34.5x | 39.7x | 3.3x |
| Fri, 13 Dec 2024 | ₹61.4t | ₹16.3t | ₹1.4t | 36.4x | 45.3x | 3.8x |
| Sun, 10 Nov 2024 | ₹59.0t | ₹16.1t | ₹1.3t | 36x | 44.2x | 3.7x |
| Tue, 08 Oct 2024 | ₹57.1t | ₹14.8t | ₹1.2t | 35.3x | 47.3x | 3.9x |
| Thu, 05 Sep 2024 | ₹60.1t | ₹14.8t | ₹1.2t | 37.9x | 49.9x | 4.1x |
| Sat, 03 Aug 2024 | ₹60.7t | ₹14.5t | ₹1.1t | 38.3x | 52.9x | 4.2x |
| Mon, 01 Jul 2024 | ₹61.5t | ₹15.0t | ₹1.2t | 36x | 51.5x | 4.1x |
| Wed, 29 May 2024 | ₹57.9t | ₹19.8t | ₹2.1t | 34.4x | 28.1x | 2.9x |
| Fri, 26 Apr 2024 | ₹51.2t | ₹13.8t | ₹1.0t | 35.3x | 49.7x | 3.7x |
| Sun, 24 Mar 2024 | ₹45.8t | ₹13.8t | ₹1.0t | 31x | 44.3x | 3.3x |
| Tue, 20 Feb 2024 | ₹45.6t | ₹13.8t | ₹1.0t | 33.7x | 44.3x | 3.3x |
| Thu, 18 Jan 2024 | ₹43.4t | ₹13.5t | ₹966.1b | 33.2x | 44.9x | 3.2x |
| Sat, 16 Dec 2023 | ₹41.2t | ₹13.4t | ₹959.5b | 30.1x | 42.9x | 3.1x |
| Mon, 13 Nov 2023 | ₹35.7t | ₹13.4t | ₹968.9b | 29.4x | 36.8x | 2.7x |
| Wed, 11 Oct 2023 | ₹36.1t | ₹13.3t | ₹930.7b | 28.9x | 38.8x | 2.7x |
| Fri, 08 Sep 2023 | ₹35.9t | ₹13.1t | ₹917.7b | 29.4x | 39.1x | 2.7x |
| Sun, 06 Aug 2023 | ₹33.3t | ₹12.9t | ₹893.7b | 29.6x | 37.2x | 2.6x |
| Tue, 04 Jul 2023 | ₹31.1t | ₹12.8t | ₹882.0b | 26.8x | 35.2x | 2.4x |
| Thu, 01 Jun 2023 | ₹29.1t | ₹12.9t | ₹844.8b | 24.4x | 34.4x | 2.3x |
| Sat, 29 Apr 2023 | ₹26.9t | ₹12.4t | ₹806.9b | 22.9x | 33.3x | 2.2x |
Price to Earnings Ratio
33.3x
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 40.3x.
- The industry is trading close to its 3-year average PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 16% 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 | 4.27% | |
| Industrials | 6.15% | |
| Marine and Shipping | 11.81% | |
| Electrical | 9.20% | |
| Infrastructure | 8.29% | |
| Industrials | 8.00% | |
| Professional Services | 5.69% | |
| Construction | 5.30% | |
| Aerospace & Defense | 5.16% | |
| Commercial Services | 4.97% | |
| Transportation | 4.95% | |
| Trade Distributors | 4.74% | |
| Machinery | 4.53% | |
| Logistics | 3.26% | |
| Building | 1.69% | |
| Airlines | 0% | 0 |
Industry PE
- Investors are most optimistic about the Logistics industry even though it's trading below its 3-year average PE ratio of 76.3x.
- Analysts are expecting annual earnings growth of 36.8%, which is higher than its past year's earnings growth of 11.9% 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 14.7x.
Forecasted Growth
- Analysts are most optimistic on the Marine and Shipping industry, expecting annual earnings growth of 61% over the next 5 years.
- This is better than its past earnings growth rate of 26% per year.
- In contrast, the Trade Distributors industry is expected to see its earnings growth to stay flat 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 | ₹1.59k | 8.8% +₹296.7b | 29.3% | PE29.4x | |
| HAL Hindustan Aeronautics | ₹4.36k | 6.3% +₹172.9b | 1.7% | PE32.8x | |
| 500510 Larsen & Toubro | ₹4.08k | 3.1% +₹167.6b | 25.0% | PE32.7x | |
| 500103 Bharat Heavy Electricals | ₹332.70 | 15.6% +₹156.2b | 45.7% | PE142.3x | |
| 512599 Adani Enterprises | ₹2.23k | 4.5% +₹143.8b | -9.0% | PE21.9x |