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Indian (NIFTY) Building Industry Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies64
  • 7D-2.7%
  • 3M-4.7%
  • 1Y-0.5%
  • YTD-2.1%

Over the last 7 days, the Building industry has dropped 2.7%, driven by Astral declining 4.8%. Meanwhile, Kajaria Ceramics actually outperformed within the industry, gaining 7.6% in the last week. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

Has the Indian Building Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026₹1.8t₹723.3b₹38.6b22.4x47.3x2.5x
Wed, 04 Mar 2026₹2.0t₹721.9b₹38.5b25x51.2x2.7x
Fri, 30 Jan 2026₹1.4t₹613.0b₹26.1b25.5x51.9x2.2x
Sun, 28 Dec 2025₹1.4t₹612.3b₹25.9b27.1x53.9x2.3x
Tue, 25 Nov 2025₹1.5t₹612.1b₹25.9b23.5x56.2x2.4x
Thu, 23 Oct 2025₹1.5t₹551.7b₹25.1b29.1x61.4x2.8x
Sat, 20 Sep 2025₹1.5t₹547.8b₹23.9b32x64x2.8x
Mon, 18 Aug 2025₹1.4t₹546.7b₹24.3b29.1x59.5x2.6x
Wed, 16 Jul 2025₹1.6t₹549.3b₹25.9b28.5x60.1x2.8x
Fri, 13 Jun 2025₹1.5t₹548.9b₹25.8b29.6x57.3x2.7x
Sun, 11 May 2025₹1.3t₹547.6b₹26.7b28.6x48x2.3x
Tue, 08 Apr 2025₹1.3t₹536.6b₹34.9b24.9x37x2.4x
Thu, 06 Mar 2025₹1.4t₹535.7b₹34.8b24.7x39.6x2.6x
Sat, 01 Feb 2025₹1.5t₹534.0b₹37.1b28.1x39.3x2.7x
Mon, 30 Dec 2024₹1.6t₹525.8b₹36.6b31.1x44.1x3.1x
Wed, 27 Nov 2024₹1.6t₹525.5b₹36.5b31.7x44.5x3.1x
Fri, 25 Oct 2024₹1.6t₹521.3b₹37.2b30.5x43.7x3.1x
Sun, 22 Sep 2024₹1.8t₹516.9b₹36.9b30.7x47.9x3.4x
Tue, 20 Aug 2024₹1.7t₹514.3b₹36.8b31.9x46.4x3.3x
Thu, 18 Jul 2024₹1.8t₹499.4b₹34.4b34.4x52.6x3.6x
Sat, 15 Jun 2024₹1.7t₹498.7b₹34.3b32.4x51x3.5x
Mon, 13 May 2024₹1.6t₹491.3b₹32.0b37.9x49.5x3.2x
Wed, 10 Apr 2024₹1.6t₹482.8b₹33.0b34.8x47.8x3.3x
Fri, 08 Mar 2024₹1.6t₹482.4b₹33.0b33.4x47.1x3.2x
Sun, 04 Feb 2024₹1.5t₹483.2b₹30.9b36.5x50.1x3.2x
Tue, 02 Jan 2024₹1.4t₹475.9b₹29.6b33.9x48.8x3x
Thu, 30 Nov 2023₹1.5t₹475.9b₹29.6b32.8x49.5x3.1x
Sat, 28 Oct 2023₹1.3t₹468.1b₹26.4b35.6x50.2x2.8x
Mon, 25 Sep 2023₹1.3t₹465.3b₹25.2b35.1x53.5x2.9x
Wed, 23 Aug 2023₹1.4t₹465.3b₹25.2b32.4x55x3x
Fri, 21 Jul 2023₹1.3t₹459.6b₹24.6b32.2x54.3x2.9x
Sun, 18 Jun 2023₹1.3t₹458.7b₹24.6b33.5x53.8x2.9x
Tue, 16 May 2023₹1.1t₹453.8b₹24.6b29.6x46.5x2.5x
Thu, 13 Apr 2023₹1.0t₹445.7b₹23.0b30.8x45.7x2.4x
Price to Earnings Ratio

45.7x


Total Market Cap: ₹1.0tTotal Earnings: ₹23.0bTotal Revenue: ₹445.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 50.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Building 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 47.3x which is lower than its 3-year average PE of 50.4x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Building industry have grown 19% 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 industry?

IN Market0.0067%
Industrials1.06%
Building-2.71%
Building Products-2.71%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
500233 Kajaria Ceramics₹988.707.6%
+₹11.1b		25.8%PE38.8x
GREENLAM Greenlam Industries₹220.167.8%
+₹4.1b		1.9%PE297.5x
500128 Electrosteel Castings₹78.586.7%
+₹3.1b		-12.8%PE15.5x
532443 Cera Sanitaryware₹4.78k4.9%
+₹2.9b		-11.4%PE29x
KRN KRN Heat Exchanger and Refrigeration₹895.605.1%
+₹2.7b		18.2%PE81.9x

Latest News

SUPREMEIND
₹3,672.20
Supreme Industries
7D
-1.9%
1Y
18.0%

SUPREMEIND: Upcoming Board Decisions Will Support Bullish Outlook

Analysts have modestly raised their valuation view on Supreme Industries, lifting the indicative fair value from ₹4,716.74 to ₹4,947.56. This revision is supported by updated assumptions around revenue growth, discount rate, profit margin and future P/E expectations.
ASTRAL
₹1,522.80
Astral
7D
-4.8%
1Y
18.3%

ASTRAL: Upcoming Results Meeting Will Clarify Fairly Balanced Risk Reward Profile

Astral’s analyst fair value estimate has shifted slightly from ₹1,708 to ₹1,719, with analysts pointing to small adjustments in expected revenue growth, profit margin, and future P/E assumptions as the key drivers of this change. What's in the News Astral has scheduled a board meeting on Feb 05, 2026 at 15:00 Indian Standard Time to review and approve its unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
500233
₹988.70
Kajaria Ceramics
7D
7.6%
1Y
25.8%

500233: Upcoming Acquisitions And Leadership Changes Will Support A Constructive Share Price View

Analysts have trimmed their price target on Kajaria Ceramics from ₹1,483.78 to ₹1,400.00. This reflects updated views on discount rates, revenue growth, profit margins and future P/E assumptions.
524091
₹807.90
Carysil
7D
7.2%
1Y
42.0%

524091: Upcoming Board Decisions On Subsidiary Closures Will Support Future Upside

Analysts have kept their fair value estimate for Carysil steady at ₹1,205.67 per share, with only minimal tweaks to inputs such as the discount rate, revenue growth outlook, profit margin assumptions and future P/E. This reflects a view that recent data does not materially change the stock’s underlying valuation story.
531548
₹398.45
Somany Ceramics
7D
11.5%
1Y
-3.3%

531548: Upcoming Results And Leadership Appointment Will Support Bullish Outlook

Analysts have kept their fair value estimate for Somany Ceramics steady at ₹632.00, indicating only minor adjustments in assumptions around discount rate, revenue growth, profit margin and future P/E that do not materially change their overall price target view. What's in the News A board meeting is scheduled on Jan 28, 2026 at 14:00 Indian Standard Time to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (Key Developments).
500128
₹78.58
Electrosteel Castings
7D
6.7%
1Y
-12.8%

500128: Upcoming Meetings Will Reinforce Concern Over Earnings Assumption Risks

Analysts have kept the price target for Electrosteel Castings steady at ₹61.00, citing only marginal tweaks to assumptions such as discount rate, revenue growth, profit margin, and future P/E that do not materially change their view on the stock. What's in the News Board meeting scheduled for Feb 06, 2026 to consider and approve unaudited consolidated and standalone financial results for the quarter and nine months ended Dec 31, 2025, signaling an upcoming earnings-related update for investors (company event).
532443
₹4,783.70
Cera Sanitaryware
7D
4.9%
1Y
-11.4%

532443: Stable Assumptions And Upcoming Results Will Support Future Upside Potential

Analysts have made a marginal adjustment to Cera Sanitaryware's fair value estimate, with the price target moving from ₹6,397.50 to about ₹6,397, reflecting small tweaks to discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News A board meeting is scheduled for February 4, 2026, to consider and approve unaudited financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
500067
₹1,564.25
Blue Star
7D
-2.9%
1Y
-20.2%
PRINCEPIPE
₹227.19
Prince Pipes and Fittings
7D
10.3%
1Y
-5.3%

PRINCEPIPE: Higher Margin Outlook Will Support Future Upside Despite Lower P E Expectations

Analysts have revised their fair value estimate for Prince Pipes and Fittings from about ₹486.50 to ₹367. This reflects updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples.
GREENLAM
₹220.16
Greenlam Industries
7D
7.8%
1Y
1.9%

GREENLAM: Board Review Of December Results Will Support Bullish Long Term View

Analysts have kept their price target on Greenlam Industries steady at ₹229.00. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E that balance each other out in their valuation work.
LEXUS
₹23.38
Lexus Granito (India)
7D
-5.2%
1Y
-27.2%
KRN
₹895.60
KRN Heat Exchanger and Refrigeration
7D
5.1%
1Y
18.2%
ALUWIND
₹53.00
Aluwind Infra-Tech
7D
-2.6%
1Y
5.0%
520121
₹17.29
Arcee Industries
7D
-5.8%
1Y
150.6%
544656
₹228.15
HRS Aluglaze
7D
-14.2%
1Y
n/a
526225
₹10.65
Bloom Dekor
7D
-3.9%
1Y
-3.2%