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Indian (NIFTY) Building Industry Analysis

UpdatedDec 16, 2025
DataAggregated Company Financials
Companies60
  • 7D2.8%
  • 3M-9.5%
  • 1Y-21.8%
  • YTD-18.9%

Over the last 7 days, the Building industry has risen 2.8%, driven by gains from Blue Star of 4.3%. In the same time, Euro Pratik Sales was down 8.6%. However, the industry is down 22% over the past year. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025₹1.4t₹611.9b₹25.8b26.5x55.4x2.3x
Thu, 13 Nov 2025₹1.5t₹557.1b₹25.2b29x60x2.7x
Sat, 11 Oct 2025₹1.5t₹548.0b₹23.9b28x63x2.7x
Mon, 08 Sep 2025₹1.5t₹548.2b₹23.9b29.5x63.3x2.8x
Wed, 06 Aug 2025₹1.5t₹549.7b₹26.0b30.9x57x2.7x
Fri, 04 Jul 2025₹1.6t₹549.3b₹25.9b26.9x59.8x2.8x
Sun, 01 Jun 2025₹1.4t₹551.5b₹26.0b26.7x54.9x2.6x
Tue, 29 Apr 2025₹1.3t₹536.6b₹34.9b27.6x37.1x2.4x
Thu, 27 Mar 2025₹1.4t₹536.6b₹34.9b24.8x39.9x2.6x
Sat, 22 Feb 2025₹1.4t₹535.7b₹34.8b26.1x39.2x2.6x
Mon, 20 Jan 2025₹1.5t₹526.2b₹36.6b28.7x41x2.9x
Wed, 18 Dec 2024₹1.7t₹525.8b₹36.6b33.3x46.2x3.2x
Fri, 15 Nov 2024₹1.6t₹526.5b₹36.2b29x43x3x
Sun, 13 Oct 2024₹1.8t₹520.6b₹37.4b30.9x47.4x3.4x
Tue, 10 Sep 2024₹1.7t₹515.0b₹36.8b31.1x47x3.4x
Thu, 08 Aug 2024₹1.8t₹511.7b₹36.6b32.5x47.9x3.4x
Sat, 06 Jul 2024₹1.9t₹499.4b₹34.4b33.8x54.1x3.7x
Mon, 03 Jun 2024₹1.6t₹499.4b₹33.8b34.9x47.8x3.2x
Wed, 01 May 2024₹1.6t₹483.1b₹32.9b34.1x49.6x3.4x
Fri, 29 Mar 2024₹1.5t₹482.4b₹33.0b30.4x45.2x3.1x
Sun, 25 Feb 2024₹1.6t₹482.4b₹33.0b33.2x47.7x3.3x
Tue, 23 Jan 2024₹1.5t₹476.9b₹29.7b35.1x50x3.1x
Thu, 21 Dec 2023₹1.4t₹475.9b₹29.6b32.3x48.2x3x
Sat, 18 Nov 2023₹1.4t₹475.9b₹29.6b32.8x48.8x3x
Mon, 16 Oct 2023₹1.4t₹465.3b₹25.2b37.2x55.3x3x
Wed, 13 Sep 2023₹1.4t₹465.3b₹25.2b35.1x54.1x2.9x
Fri, 11 Aug 2023₹1.4t₹464.4b₹25.0b33.2x54.9x3x
Sun, 09 Jul 2023₹1.3t₹458.8b₹24.6b32.5x51.6x2.8x
Tue, 06 Jun 2023₹1.3t₹459.0b₹24.6b29.9x51.4x2.8x
Thu, 04 May 2023₹1.1t₹445.9b₹23.0b28x46.7x2.4x
Sat, 01 Apr 2023₹994.7b₹445.7b₹23.0b26.1x43.3x2.2x
Mon, 27 Feb 2023₹1.0t₹445.7b₹23.0b30.7x44.7x2.3x
Wed, 25 Jan 2023₹1.0t₹431.9b₹24.7b24.1x42x2.4x
Fri, 23 Dec 2022₹1.0t₹431.2b₹24.7b24.3x41.3x2.4x
Price to Earnings Ratio

41.3x


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 49.5x202320242025
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 55.4x which is higher than its 3-year average PE of 49.5x.
  • 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 Market1.22%
Industrials2.42%
Building2.84%
Building Products2.84%
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
500067 Blue Star₹1.81k4.3%
+₹15.4b		-11.9%PE68.3x
ASTRAL Astral₹1.46k2.4%
+₹9.3b		-20.0%PE77.2x
500233 Kajaria Ceramics₹1.09k4.3%
+₹7.2b		-4.4%PE43.2x
GREENLAM Greenlam Industries₹255.706.4%
+₹3.9b		-12.5%PE205.4x
NITCO NITCO₹92.3612.5%
+₹2.3b		-37.3%PS4.7x

Latest News

524091
₹908.00
Carysil
7D
-3.1%
1Y
11.1%

524091: Capacity Expansion Will Drive Future Earnings Momentum

Analysts have modestly raised their price target on Carysil to ₹1,165 per share (from ₹1,165), reflecting slightly higher discount rate and valuation assumptions while keeping long term growth and margin expectations broadly unchanged. What's in the News Carysil has scheduled a board meeting on November 10, 2025 to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
ASTRAL
₹1,462.90
Astral
7D
2.4%
1Y
-20.0%

ASTRAL: Upcoming Board Meeting Will Drive Upside With Interim Dividend Decision

Analysts have nudged their price target on Astral slightly higher to around ₹1,685 from approximately ₹1,681, citing marginally improved profit margin assumptions that more than offset a modest trim to long term revenue growth expectations. However, the higher discount rate and slightly richer future P E multiple temper the upside.
500233
₹1,089.25
Kajaria Ceramics
7D
4.3%
1Y
-4.4%

500233: Future Board Changes And Rising Dividends Will Support Shareholder Returns

Analysts have modestly raised their price target on Kajaria Ceramics to ₹1,346.15. This reflects slightly higher discount rate and valuation assumptions, while revenue growth and profit margin forecasts remain broadly unchanged.
GREENLAM
₹255.70
Greenlam Industries
7D
6.4%
1Y
-12.5%

GREENLAM: Future Earnings Multiple And Margins Will Drive Balanced Outlook

Analysts have raised their fair value estimate for Greenlam Industries from ₹199 to ₹235 per share, reflecting slightly higher margin expectations and a richer future earnings multiple, despite modestly lower projected revenue growth and a marginally higher discount rate. What's in the News Board meeting scheduled on November 8, 2025, at 15:30 IST to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
500067
₹1,814.80
Blue Star
7D
4.3%
1Y
-11.9%

500067: Upcoming Results Are Expected To Confirm Improving Profitability Outlook

Analysts have trimmed their price target on Blue Star to ₹2,178 from ₹2,419, as a modestly higher discount rate and lower future valuation multiples more than offset slightly stronger expectations for revenue growth and profit margins. What's in the News A board meeting is scheduled for November 5, 2025, to consider and approve the unaudited standalone and consolidated financial results for the second quarter and half year ending September 30, 2025, in compliance with Regulation 33(3) of the Listing Regulations (Key Developments).
NITCO
₹92.36
NITCO
7D
12.5%
1Y
-37.3%

Does NITCO (NSE:NITCO) Have A Healthy Balance Sheet?

Dec 13
Does NITCO (NSE:NITCO) Have A Healthy Balance Sheet?
500128
₹74.50
Electrosteel Castings
7D
5.1%
1Y
-50.9%

500128: Upcoming Board Meeting Will Support Positive Medium Term Outlook

Analysts have modestly raised their price target on Electrosteel Castings to ₹81.0 from ₹81, citing a slightly higher assumed discount rate and a marginally richer future earnings multiple. Together, these factors leave their fair value estimate largely unchanged.
KRN
₹748.35
KRN Heat Exchanger and Refrigeration
7D
-3.4%
1Y
-2.6%
EUROPRATIK
₹291.65
Euro Pratik Sales
7D
-8.6%
1Y
n/a
526951
₹2,200.35
Stylam Industries
7D
3.2%
1Y
-9.7%
530365
₹263.05
Orient Bell
7D
-2.1%
1Y
-20.8%
532443
₹5,350.50
Cera Sanitaryware
7D
1.5%
1Y
-29.6%
538715
₹371.00
Dhabriya Polywood
7D
-1.5%
1Y
-7.3%
544332
₹302.00
Fabtech Technologies Cleanrooms
7D
-2.1%
1Y
n/a
531548
₹419.70
Somany Ceramics
7D
-0.2%
1Y
-37.2%
SHANKARA
₹110.86
Shankara Building Products
7D
-2.3%
1Y
-84.4%