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Indian (NIFTY) Industrials Sector Analysis
UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies1109
- 7D2.5%
- 3M-3.3%
- 1Y5.9%
- YTD-1.5%
Over the last 7 days, the Industrials industry has risen 2.5%, driven by gains in Adani Ports and Special Economic Zone and Adani Enterprises of 9.2% and 10%, respectively. Meanwhile, Hindustan Aeronautics actually underperformed within the industry, shrinking 12% in the last week. This means that the industry has gained 5.9% over the past year. Earnings are forecast to grow by 17% 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, 07 Feb 2026 | ₹60.7t | ₹19.1t | ₹1.7t | 21.8x | 34.8x | 3.2x |
| Mon, 05 Jan 2026 | ₹61.4t | ₹18.7t | ₹1.7t | 24.7x | 37.2x | 3.3x |
| Wed, 03 Dec 2025 | ₹61.1t | ₹18.6t | ₹1.6t | 25.2x | 38.1x | 3.3x |
| Fri, 31 Oct 2025 | ₹61.3t | ₹18.2t | ₹1.6t | 28.1x | 39.2x | 3.4x |
| Sun, 28 Sep 2025 | ₹59.8t | ₹17.9t | ₹1.5t | 28.2x | 38.8x | 3.3x |
| Tue, 26 Aug 2025 | ₹59.0t | ₹17.8t | ₹1.5t | 28.8x | 38.5x | 3.3x |
| Thu, 24 Jul 2025 | ₹60.9t | ₹17.5t | ₹1.5t | 29.8x | 40.2x | 3.5x |
| Sat, 21 Jun 2025 | ₹59.3t | ₹17.4t | ₹1.5t | 29.6x | 39.6x | 3.4x |
| Mon, 19 May 2025 | ₹55.3t | ₹16.6t | ₹1.5t | 29.2x | 37.9x | 3.3x |
| Wed, 16 Apr 2025 | ₹49.0t | ₹16.1t | ₹1.4t | 27.4x | 35.3x | 3x |
| Fri, 14 Mar 2025 | ₹46.5t | ₹16.1t | ₹1.4t | 25.8x | 33.5x | 2.9x |
| Sun, 09 Feb 2025 | ₹51.0t | ₹16.0t | ₹1.4t | 31.9x | 37.2x | 3.2x |
| Tue, 07 Jan 2025 | ₹57.4t | ₹16.3t | ₹1.4t | 36.1x | 42.2x | 3.5x |
| Thu, 05 Dec 2024 | ₹60.5t | ₹16.3t | ₹1.4t | 35.6x | 44.7x | 3.7x |
| Sat, 02 Nov 2024 | ₹59.2t | ₹16.1t | ₹1.3t | 35.8x | 44.8x | 3.7x |
| Mon, 30 Sep 2024 | ₹60.6t | ₹14.8t | ₹1.2t | 37.6x | 50.3x | 4.1x |
| Wed, 28 Aug 2024 | ₹60.5t | ₹14.8t | ₹1.2t | 37.5x | 50.6x | 4.1x |
| Fri, 26 Jul 2024 | ₹61.4t | ₹15.1t | ₹1.2t | 37.1x | 51x | 4.1x |
| Sun, 23 Jun 2024 | ₹61.0t | ₹15.0t | ₹1.2t | 35.5x | 51.1x | 4.1x |
| Tue, 21 May 2024 | ₹54.7t | ₹14.1t | ₹1.1t | 35.8x | 51x | 3.9x |
| Thu, 18 Apr 2024 | ₹49.0t | ₹13.8t | ₹1.0t | 33.4x | 47.2x | 3.5x |
| Sat, 16 Mar 2024 | ₹44.5t | ₹13.8t | ₹1.0t | 29.8x | 43.1x | 3.2x |
| Mon, 12 Feb 2024 | ₹45.0t | ₹13.7t | ₹1.0t | 33.6x | 44x | 3.3x |
| Wed, 10 Jan 2024 | ₹43.3t | ₹13.5t | ₹965.3b | 33.3x | 44.8x | 3.2x |
| Fri, 08 Dec 2023 | ₹40.3t | ₹13.4t | ₹959.4b | 30.3x | 42x | 3x |
| Sun, 05 Nov 2023 | ₹35.0t | ₹13.2t | ₹939.5b | 30.2x | 37.2x | 2.6x |
| Tue, 03 Oct 2023 | ₹35.6t | ₹13.2t | ₹924.7b | 29.1x | 38.5x | 2.7x |
| Thu, 31 Aug 2023 | ₹34.8t | ₹13.1t | ₹918.4b | 29x | 37.9x | 2.6x |
| Sat, 29 Jul 2023 | ₹33.1t | ₹13.0t | ₹880.5b | 28.9x | 37.5x | 2.5x |
| Mon, 26 Jun 2023 | ₹30.2t | ₹12.8t | ₹882.0b | 26.5x | 34.3x | 2.4x |
| Wed, 24 May 2023 | ₹28.6t | ₹12.7t | ₹827.8b | 24.7x | 34.5x | 2.3x |
| Fri, 21 Apr 2023 | ₹26.1t | ₹12.4t | ₹798.1b | 23.1x | 32.7x | 2.1x |
| Sun, 19 Mar 2023 | ₹25.5t | ₹12.3t | ₹796.1b | 21.5x | 32x | 2.1x |
| Tue, 14 Feb 2023 | ₹24.8t | ₹12.1t | ₹767.5b | 23x | 32.3x | 2x |
Price to Earnings Ratio
32.3x
Current Industry PE
- Investors are pessimistic on the Indian Industrials 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 34.8x which is lower than its 3-year average PE of 40.1x.
- 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 32% per year over the last three years.
- Revenues for these companies have grown 17% 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 | 1.60% | |
| Industrials | 2.48% | |
| Trade Distributors | 8.15% | |
| Infrastructure | 7.61% | |
| Electrical | 7.16% | |
| Logistics | 4.41% | |
| Industrials | 4.31% | |
| Marine and Shipping | 4.01% | |
| Building | 3.58% | |
| Transportation | 2.60% | |
| Machinery | 2.33% | |
| Construction | 2.15% | |
| Commercial Services | 0.76% | |
| Airlines | 0% | 0 |
| Professional Services | -0.51% | |
| Aerospace & Defense | -8.19% | |
Industry PE
- Investors are most optimistic about the Building industry which is trading above its 3-year average PE ratio of 50.0x.
- Analysts are expecting annual earnings growth of 26.3%, which is higher than its past year's earnings growth of 14.6% per year.
- Investors are most pessimistic about the Construction industry, which is trading below its 3-year average of 28.7x.
Forecasted Growth
- Analysts are most optimistic on the Marine and Shipping industry, expecting annual earnings growth of 63% 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 decline by 20% 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 | ₹1.55k | 9.2% +₹301.6b | 35.3% | PE28.6x | |
| 512599 Adani Enterprises | ₹2.23k | 10.3% +₹267.8b | -4.8% | PE21.7x | |
| 500510 Larsen & Toubro | ₹4.07k | 3.4% +₹184.7b | 21.9% | PE32.7x | |
| CGPOWER CG Power and Industrial Solutions | ₹674.85 | 15.5% +₹143.0b | 9.3% | PE95.5x | |
| POWERINDIA Hitachi Energy India | ₹21.87k | 16.0% +₹134.1b | 78.2% | PE115.9x |
