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Indian (NIFTY) Industrials Sector Analysis
UpdatedMar 07, 2026
DataAggregated Company Financials
Companies1105
- 7D-2.8%
- 3M-1.3%
- 1Y11.8%
- YTD-2.3%
Over the last 7 days, the Industrials industry has dropped 3.6%, driven by Larsen & Toubro declining 7.7%. On the other hand Bharat Electronics is actually up 5.4%. This takes the industry's 12 month performance to a gain of 12%. As for the next few years, earnings are expected to grow by 19% per annum.
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 Mar 2026 | ₹60.2t | ₹19.2t | ₹1.7t | 20.6x | 35.4x | 3.1x |
| Mon, 02 Feb 2026 | ₹57.3t | ₹18.9t | ₹1.7t | 21.7x | 34.3x | 3x |
| Wed, 31 Dec 2025 | ₹59.9t | ₹18.7t | ₹1.7t | 24.5x | 36.3x | 3.2x |
| Fri, 28 Nov 2025 | ₹61.5t | ₹18.6t | ₹1.6t | 25.5x | 39.1x | 3.3x |
| Sun, 26 Oct 2025 | ₹60.5t | ₹18.1t | ₹1.6t | 28x | 39x | 3.3x |
| Tue, 23 Sep 2025 | ₹61.5t | ₹17.9t | ₹1.5t | 28.7x | 40x | 3.4x |
| Thu, 21 Aug 2025 | ₹59.2t | ₹17.8t | ₹1.5t | 28.6x | 38.6x | 3.3x |
| Sat, 19 Jul 2025 | ₹60.6t | ₹17.5t | ₹1.5t | 30.4x | 40x | 3.5x |
| Mon, 16 Jun 2025 | ₹58.8t | ₹17.4t | ₹1.5t | 29.8x | 39.2x | 3.4x |
| Wed, 14 May 2025 | ₹52.5t | ₹16.4t | ₹1.4t | 27.8x | 36.6x | 3.2x |
| Fri, 11 Apr 2025 | ₹46.2t | ₹16.1t | ₹1.4t | 26.2x | 33.3x | 2.9x |
| Sun, 09 Mar 2025 | ₹48.0t | ₹16.1t | ₹1.4t | 27x | 34.6x | 3x |
| Tue, 04 Feb 2025 | ₹50.1t | ₹15.9t | ₹1.4t | 31.2x | 36.6x | 3.1x |
| Thu, 02 Jan 2025 | ₹59.2t | ₹16.3t | ₹1.4t | 36.7x | 43.5x | 3.6x |
| Sat, 30 Nov 2024 | ₹59.1t | ₹16.3t | ₹1.4t | 34.5x | 43.6x | 3.6x |
| Mon, 28 Oct 2024 | ₹56.2t | ₹15.7t | ₹1.3t | 34x | 43.7x | 3.6x |
| Wed, 25 Sep 2024 | ₹60.7t | ₹14.8t | ₹1.2t | 37.5x | 50.3x | 4.1x |
| Fri, 23 Aug 2024 | ₹60.2t | ₹14.7t | ₹1.2t | 36.9x | 50.4x | 4.1x |
| Sun, 21 Jul 2024 | ₹60.7t | ₹15.0t | ₹1.2t | 36.7x | 50.7x | 4x |
| Tue, 18 Jun 2024 | ₹61.2t | ₹15.0t | ₹1.2t | 34.9x | 51.2x | 4.1x |
| Thu, 16 May 2024 | ₹52.8t | ₹14.0t | ₹1.1t | 35.4x | 49.8x | 3.8x |
| Sat, 13 Apr 2024 | ₹49.5t | ₹13.8t | ₹1.0t | 33.5x | 47.8x | 3.6x |
| Mon, 11 Mar 2024 | ₹46.7t | ₹13.8t | ₹1.0t | 32.8x | 45.2x | 3.4x |
| Wed, 07 Feb 2024 | ₹45.4t | ₹13.6t | ₹1.0t | 33.8x | 44.9x | 3.3x |
| Fri, 05 Jan 2024 | ₹42.8t | ₹13.5t | ₹964.8b | 32.2x | 44.3x | 3.2x |
| Sun, 03 Dec 2023 | ₹38.1t | ₹13.4t | ₹959.4b | 29.5x | 39.7x | 2.8x |
| Tue, 31 Oct 2023 | ₹34.7t | ₹13.3t | ₹924.8b | 29.6x | 37.5x | 2.6x |
| Thu, 28 Sep 2023 | ₹36.6t | ₹13.2t | ₹923.9b | 29.1x | 39.6x | 2.8x |
| Sat, 26 Aug 2023 | ₹34.1t | ₹13.1t | ₹917.6b | 28x | 37.2x | 2.6x |
| Mon, 24 Jul 2023 | ₹32.4t | ₹12.9t | ₹892.4b | 28.5x | 36.3x | 2.5x |
| Wed, 21 Jun 2023 | ₹30.9t | ₹12.8t | ₹880.7b | 26.5x | 35.1x | 2.4x |
| Fri, 19 May 2023 | ₹27.6t | ₹12.7t | ₹826.5b | 25x | 33.5x | 2.2x |
| Sun, 16 Apr 2023 | ₹26.1t | ₹12.4t | ₹798.1b | 22.8x | 32.7x | 2.1x |
| Tue, 14 Mar 2023 | ₹25.1t | ₹12.2t | ₹781.9b | 21.3x | 32.1x | 2.1x |
Price to Earnings Ratio
32.1x
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 35.3x 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 3.2x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 30% 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 | -3.02% | |
| Industrials | -2.80% | |
| Aerospace & Defense | 5.07% | |
| Airlines | 0% | 0 |
| Building | -1.07% | |
| Electrical | -1.53% | |
| Infrastructure | -1.84% | |
| Transportation | -2.87% | |
| Logistics | -3.24% | |
| Machinery | -3.80% | |
| Commercial Services | -3.92% | |
| Professional Services | -4.52% | |
| Industrials | -5.61% | |
| Trade Distributors | -5.69% | |
| Marine and Shipping | -5.97% | |
| Construction | -6.80% | |
Industry PE
- Investors are most optimistic about the Logistics industry even though it's trading below its 3-year average PE ratio of 75.6x.
- Analysts are expecting annual earnings growth of 37.0%, 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 14.3x.
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 decline by 19% 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 | |
|---|---|---|---|---|---|
| 500049 Bharat Electronics | ₹468.35 | 5.4% +₹174.7b | 69.1% | PE57.4x | |
| MAZDOCK Mazagon Dock Shipbuilders | ₹2.47k | 11.1% +₹99.6b | 5.7% | PE41.4x | |
| HAL Hindustan Aeronautics | ₹4.02k | 2.8% +₹73.9b | 16.6% | PE30.2x | |
| BDL Bharat Dynamics | ₹1.36k | 7.2% +₹33.5b | 19.5% | PE85.8x | |
| JSWINFRA JSW Infrastructure | ₹268.80 | 5.5% +₹29.1b | -0.4% | PE34.6x |
