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Indian (NIFTY) Industrials Sector Analysis
UpdatedDec 05, 2025
DataAggregated Company Financials
Companies1085
- 7D-1.9%
- 3M0.5%
- 1Y-7.7%
- YTD-4.4%
Over the last 7 days, the Industrials industry has dropped 1.9%, driven by InterGlobe Aviation declining 9.0%. The industry has fallen 7.7% in the last year. Looking forward, earnings are forecast to grow by 19% 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, 06 Dec 2025 | ₹59.8t | ₹18.6t | ₹1.6t | 24.7x | 36.3x | 3.2x |
| Mon, 03 Nov 2025 | ₹61.2t | ₹18.2t | ₹1.6t | 27.8x | 39x | 3.4x |
| Wed, 01 Oct 2025 | ₹59.6t | ₹18.0t | ₹1.5t | 27.8x | 38.7x | 3.3x |
| Fri, 29 Aug 2025 | ₹57.5t | ₹17.8t | ₹1.5t | 28.2x | 37.5x | 3.2x |
| Sun, 27 Jul 2025 | ₹59.5t | ₹17.5t | ₹1.5t | 29.5x | 39.1x | 3.4x |
| Tue, 24 Jun 2025 | ₹59.6t | ₹17.4t | ₹1.5t | 29.3x | 39.8x | 3.4x |
| Thu, 22 May 2025 | ₹55.3t | ₹16.4t | ₹1.4t | 28.9x | 38.3x | 3.4x |
| Sat, 19 Apr 2025 | ₹49.7t | ₹16.1t | ₹1.4t | 27.8x | 35.8x | 3.1x |
| Mon, 17 Mar 2025 | ₹46.5t | ₹16.1t | ₹1.4t | 25.8x | 33.5x | 2.9x |
| Wed, 12 Feb 2025 | ₹48.8t | ₹16.0t | ₹1.4t | 30.4x | 35.4x | 3x |
| Fri, 10 Jan 2025 | ₹56.7t | ₹16.3t | ₹1.4t | 35.8x | 41.6x | 3.5x |
| Sun, 08 Dec 2024 | ₹61.0t | ₹16.3t | ₹1.4t | 35.9x | 45.1x | 3.7x |
| Tue, 05 Nov 2024 | ₹58.2t | ₹16.1t | ₹1.3t | 35.7x | 44x | 3.6x |
| Thu, 03 Oct 2024 | ₹60.7t | ₹14.8t | ₹1.2t | 36.9x | 50.3x | 4.1x |
| Sat, 31 Aug 2024 | ₹60.1t | ₹14.8t | ₹1.2t | 37.1x | 50.2x | 4.1x |
| Mon, 29 Jul 2024 | ₹60.6t | ₹14.4t | ₹1.1t | 37.5x | 54x | 4.2x |
| Wed, 26 Jun 2024 | ₹61.6t | ₹15.0t | ₹1.2t | 36x | 51.5x | 4.1x |
| Fri, 24 May 2024 | ₹56.4t | ₹19.1t | ₹2.0t | 35.6x | 28.7x | 3x |
| Sun, 21 Apr 2024 | ₹48.9t | ₹13.8t | ₹1.0t | 34x | 47.3x | 3.5x |
| Tue, 19 Mar 2024 | ₹44.6t | ₹13.8t | ₹1.0t | 30x | 43.2x | 3.2x |
| Thu, 15 Feb 2024 | ₹44.5t | ₹13.7t | ₹1.0t | 32.7x | 43.2x | 3.2x |
| Sat, 13 Jan 2024 | ₹43.7t | ₹13.5t | ₹965.6b | 34.2x | 45.2x | 3.2x |
| Mon, 11 Dec 2023 | ₹40.1t | ₹13.4t | ₹959.4b | 30.2x | 41.8x | 3x |
| Wed, 08 Nov 2023 | ₹35.5t | ₹13.3t | ₹945.4b | 29.7x | 37.5x | 2.7x |
| Fri, 06 Oct 2023 | ₹35.7t | ₹13.3t | ₹933.8b | 28.9x | 38.2x | 2.7x |
| Sun, 03 Sep 2023 | ₹35.0t | ₹13.1t | ₹916.8b | 29.6x | 38.2x | 2.7x |
| Tue, 01 Aug 2023 | ₹33.5t | ₹13.0t | ₹881.8b | 29x | 38x | 2.6x |
| Thu, 29 Jun 2023 | ₹30.5t | ₹12.8t | ₹882.0b | 26.4x | 34.6x | 2.4x |
| Sat, 27 May 2023 | ₹28.8t | ₹12.8t | ₹840.0b | 25.1x | 34.2x | 2.2x |
| Mon, 24 Apr 2023 | ₹25.9t | ₹12.4t | ₹806.9b | 22.8x | 32.1x | 2.1x |
| Wed, 22 Mar 2023 | ₹25.3t | ₹12.3t | ₹796.1b | 21.5x | 31.8x | 2.1x |
| Fri, 17 Feb 2023 | ₹25.2t | ₹12.1t | ₹780.7b | 21.8x | 32.2x | 2.1x |
| Sun, 15 Jan 2023 | ₹27.5t | ₹11.8t | ₹742.7b | 24.1x | 37.1x | 2.3x |
| Tue, 13 Dec 2022 | ₹28.6t | ₹11.7t | ₹735.1b | 24.1x | 38.9x | 2.4x |
Price to Earnings Ratio
38.9x
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 36.3x which is lower than its 3-year average PE 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 31% 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 | -1.02% | |
| Industrials | -1.87% | |
| Professional Services | 1.66% | |
| Marine and Shipping | 0.82% | |
| Airlines | 0% | 0 |
| Infrastructure | -0.15% | |
| Transportation | -0.35% | |
| Industrials | -0.42% | |
| Machinery | -0.74% | |
| Aerospace & Defense | -0.99% | |
| Commercial Services | -1.48% | |
| Trade Distributors | -1.92% | |
| Building | -2.10% | |
| Electrical | -2.86% | |
| Construction | -2.93% | |
| Logistics | -3.12% | |
Industry PE
- Investors are most optimistic about the Professional Services industry which is trading above its 3-year average PE ratio of 40.5x.
- Analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings growth of 12.7% 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 13.3x.
Forecasted Growth
- Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 20% per year.
- In contrast, the Trade Distributors industry is expected to see its earnings grow by 8.6% 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 | |
|---|---|---|---|---|---|
| TMCV Tata Motors | ₹359.55 | 2.1% +₹27.8b | n/a | n/a | |
| ASHOKLEY Ashok Leyland | ₹160.86 | 1.7% +₹16.1b | 38.6% | PE29x | |
| ECLERX eClerx Services | ₹4.83k | 6.2% +₹13.2b | 33.6% | PE36.9x | |
| UEL Ujaas Energy | ₹150.16 | 25.6% +₹11.4b | 37.2% | PE822.3x | |
| LTTS L&T Technology Services | ₹4.55k | 2.4% +₹11.2b | -14.5% | PE37.7x |
