Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Building Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies62
  • 7D-1.8%
  • 3M-8.2%
  • 1Y-13.5%
  • YTD-0.5%

Over the last 7 days, the Building industry has dropped 1.8%, driven by Electrosteel Castings declining 8.7%. The industry has fallen 13% in the last year. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026₹1.4t₹612.3b₹25.9b26.5x54.4x2.3x
Wed, 10 Dec 2025₹1.4t₹611.9b₹25.8b25.3x54.3x2.3x
Fri, 07 Nov 2025₹1.5t₹555.0b₹25.3b28.7x59.8x2.7x
Sun, 05 Oct 2025₹1.5t₹548.0b₹23.9b29.9x61.9x2.7x
Tue, 02 Sep 2025₹1.5t₹548.2b₹23.9b29.8x63.6x2.8x
Thu, 31 Jul 2025₹1.5t₹549.4b₹26.1b27.3x57.1x2.7x
Sat, 28 Jun 2025₹1.5t₹549.1b₹25.9b29.5x57.6x2.7x
Mon, 26 May 2025₹1.4t₹546.9b₹26.1b26.8x54x2.6x
Wed, 23 Apr 2025₹1.4t₹536.6b₹34.9b27.9x39.4x2.6x
Fri, 21 Mar 2025₹1.4t₹536.6b₹34.9b26.2x40.1x2.6x
Sun, 16 Feb 2025₹1.4t₹535.8b₹34.8b27.2x39.5x2.6x
Tue, 14 Jan 2025₹1.5t₹523.5b₹36.4b28.4x39.8x2.8x
Thu, 12 Dec 2024₹1.7t₹525.8b₹36.6b32.9x47.7x3.3x
Sat, 09 Nov 2024₹1.6t₹526.5b₹36.3b32.8x44.5x3.1x
Mon, 07 Oct 2024₹1.8t₹517.6b₹37.0b29.9x47.5x3.4x
Wed, 04 Sep 2024₹1.7t₹514.7b₹36.8b31.1x46.6x3.3x
Fri, 02 Aug 2024₹1.8t₹504.6b₹35.7b32.8x50.7x3.6x
Sun, 30 Jun 2024₹1.8t₹499.4b₹34.4b34.1x52.4x3.6x
Tue, 28 May 2024₹1.7t₹498.1b₹33.8b35.5x48.9x3.3x
Thu, 25 Apr 2024₹1.6t₹483.1b₹32.9b35.4x48.4x3.3x
Sat, 23 Mar 2024₹1.5t₹482.4b₹33.0b31.4x44.6x3.1x
Mon, 19 Feb 2024₹1.5t₹482.4b₹33.0b32.9x46.6x3.2x
Wed, 17 Jan 2024₹1.5t₹476.9b₹29.7b35.8x49.2x3.1x
Fri, 15 Dec 2023₹1.5t₹475.9b₹29.6b33.9x50x3.1x
Sun, 12 Nov 2023₹1.4t₹475.8b₹29.5b32.2x48.4x3x
Tue, 10 Oct 2023₹1.3t₹465.3b₹25.2b35x53.5x2.9x
Thu, 07 Sep 2023₹1.4t₹465.3b₹25.2b35.4x54.9x3x
Sat, 05 Aug 2023₹1.4t₹465.1b₹25.3b34.6x54.6x3x
Mon, 03 Jul 2023₹1.3t₹458.8b₹24.6b33.7x53.9x2.9x
Wed, 31 May 2023₹1.2t₹459.1b₹24.8b30x49.6x2.7x
Fri, 28 Apr 2023₹1.0t₹445.9b₹23.0b30.9x45.5x2.3x
Sun, 26 Mar 2023₹999.7b₹445.7b₹23.0b27.1x43.5x2.2x
Tue, 21 Feb 2023₹1.0t₹445.4b₹22.9b30.8x45.3x2.3x
Thu, 19 Jan 2023₹1.0t₹431.2b₹24.7b24.9x42.1x2.4x
Price to Earnings Ratio

42.1x


Total Market Cap: ₹1.0tTotal Earnings: ₹24.7bTotal Revenue: ₹431.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 49.8x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Building industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 54.4x which is higher than its 3-year average PE of 49.8x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Building industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 12% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Indian Industrials industry?

IN Market-2.80%
Industrials-3.64%
Building-1.81%
Building Products-1.81%
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₹993.601.3%
+₹2.1b		-7.1%PE39.4x
531548 Somany Ceramics₹424.805.3%
+₹869.5m		-30.1%PE31.1x
GREENLAM Greenlam Industries₹250.140.9%
+₹581.7m		-10.3%PE200.9x
531761 Apollo Pipes₹301.504.2%
+₹530.8m		-30.2%PE51.6x
544656 HRS Aluglaze₹164.106.5%
+₹193.8m		n/aPE61.5x

Latest News

531548
₹424.80
Somany Ceramics
7D
5.3%
1Y
-30.1%

531548: Future Board Review And Higher Margin Outlook Will Support Bullish Case

Analysts have trimmed their price target on Somany Ceramics from ₹714.46 to ₹664.00 as they factor in updated assumptions on discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Board meeting scheduled for November 7, 2025, to review unaudited standalone and consolidated financial results for the quarter ended September 30, 2025, and the half year ended on the same date (company filing).
524091
₹805.95
Carysil
7D
-12.2%
1Y
13.5%

524091: Steady Assumptions And Upcoming Results Will Support Future Upside

Analysts have maintained their price target for Carysil at ₹1,165 per share. This unchanged view mainly reflects consistent assumptions regarding fair value, discount rate, revenue growth, profit margin and future P/E.
AHLADA
₹54.35
Ahlada Engineers
7D
14.6%
1Y
-40.6%
GREENLAM
₹250.14
Greenlam Industries
7D
0.9%
1Y
-10.3%

GREENLAM: Earnings Multiple And Margins Will Guide Fairly Valued Outlook

Analysts have kept their price target for Greenlam Industries steady at ₹235, with small tweaks to revenue growth, profit margin and future P/E assumptions shaping this updated view. What's in the News Board meeting scheduled on November 8, 2025, at 15:30 Indian Standard Time to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (Key Developments).
500067
₹1,802.75
Blue Star
7D
-0.6%
1Y
-8.7%

500067: Upcoming Results Will Confirm Earnings Resilience And Supportive Board Review

Analysts have maintained their fair value estimate for Blue Star at ₹2,178, noting only minor adjustments in assumptions related to the discount rate, revenue growth, profit margin and future P/E to reflect updated views on the company’s risk and earnings profile. What's in the News Board meeting scheduled on January 29, 2026, to consider and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, as required under regulation 33(3) of the listing regulations (Key Developments).
500233
₹993.60
Kajaria Ceramics
7D
1.3%
1Y
-7.1%

500233: Future Leadership And Interim Dividend Will Support Shareholder Returns

Analysts have trimmed their price target for Kajaria Ceramics from ₹1,346 to ₹1,329, reflecting slightly softer assumptions on revenue growth, profit margins, and future P/E multiples in their updated models. What's in the News Shareholders approved the re designation and appointment of Mr. Rishi Kajaria as Managing Director for five years from October 1, 2025 to September 30, 2030 through a postal ballot special resolution (Key Developments).
KRN
₹720.85
KRN Heat Exchanger and Refrigeration
7D
-6.4%
1Y
2.0%
NITCO
₹84.78
NITCO
7D
-14.5%
1Y
-30.2%
531761
₹301.50
Apollo Pipes
7D
4.2%
1Y
-30.2%

531761: Upcoming Board Meeting Will Signal Confidence Despite Modestly Softer Margins

Analysts have trimmed their price target on Apollo Pipes by about ₹6 to ₹359.25, citing slightly softer expectations for revenue growth and profit margins, even as they factor in a richer future valuation multiple. What's in the News A board meeting is scheduled for October 29, 2025, at 15:15 IST to review and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
PRINCEPIPE
₹243.30
Prince Pipes and Fittings
7D
-7.4%
1Y
-38.9%

PRINCEPIPE: Improved Margin Outlook Will Drive Future Upside Despite GST Notice

Analysts have nudged up their price target for Prince Pipes and Fittings to ₹501.93 from ₹501.77, citing slightly stronger expectations for revenue growth and profit margins that more than offset a modestly lower assumed future price to earnings multiple and discount rate. What's in the News A board meeting is scheduled for November 7, 2025, to consider and approve unaudited financial results for the quarter and half year ended September 30, 2025, along with the auditor's limited review report (Key Developments).
500128
₹70.19
Electrosteel Castings
7D
-8.7%
1Y
-44.4%

500128: Upcoming Meetings Will Support Stable Outlook With Balanced Risks And Opportunities

Narrative Update on Electrosteel Castings Analysts have maintained their price target for Electrosteel Castings at ₹81.00, reflecting only marginal model tweaks to discount rates, revenue growth, profit margins, and future valuation multiples while keeping their overall outlook unchanged. What's in the News Board meeting scheduled for November 10, 2025, to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to address other routine business matters (company filing).
EUROPRATIK
₹288.40
Euro Pratik Sales
7D
-7.5%
1Y
n/a
AESTHETIK
₹97.25
Aesthetik Engineers
7D
8.7%
1Y
43.4%
532443
₹5,127.90
Cera Sanitaryware
7D
-2.5%
1Y
-25.5%
526423
₹83.65
Kriti Industries (India)
7D
4.0%
1Y
-43.9%