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Indian (NIFTY) Building Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies62
  • 7D0.8%
  • 3M-7.4%
  • 1Y-13.7%
  • YTD0.8%

Over the last 7 days, the Building industry has risen 4.1%, driven by gains in Astral and Blue Star of 2.9% and 2.6%, respectively. Meanwhile, NITCO actually underperformed within the industry, shrinking 17% in the last week. However, the industry is down 14% 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
Fri, 09 Jan 2026₹1.4t₹612.3b₹25.9b26.7x55.1x2.3x
Sun, 07 Dec 2025₹1.4t₹611.9b₹25.8b25.9x54.9x2.3x
Tue, 04 Nov 2025₹1.5t₹550.9b₹25.0b29.2x61.5x2.8x
Thu, 02 Oct 2025₹1.5t₹548.0b₹23.9b30.8x61.2x2.7x
Sat, 30 Aug 2025₹1.5t₹548.2b₹23.9b29.3x62x2.7x
Mon, 28 Jul 2025₹1.5t₹549.4b₹26.1b27.8x57.4x2.7x
Wed, 25 Jun 2025₹1.5t₹548.9b₹25.8b28x57.4x2.7x
Fri, 23 May 2025₹1.4t₹547.1b₹26.1b30.5x53.6x2.6x
Sun, 20 Apr 2025₹1.3t₹536.6b₹34.9b28.1x38.5x2.5x
Tue, 18 Mar 2025₹1.3t₹536.6b₹34.9b24.1x37.7x2.5x
Thu, 13 Feb 2025₹1.4t₹535.5b₹34.9b27.5x40.6x2.6x
Sat, 11 Jan 2025₹1.5t₹525.8b₹36.6b30x41.8x2.9x
Mon, 09 Dec 2024₹1.7t₹525.8b₹36.6b33.1x47.2x3.3x
Wed, 06 Nov 2024₹1.6t₹522.0b₹36.8b30.7x44.4x3.1x
Fri, 04 Oct 2024₹1.8t₹517.6b₹37.0b29.2x48.3x3.5x
Sun, 01 Sep 2024₹1.7t₹514.7b₹36.8b31.6x46.4x3.3x
Tue, 30 Jul 2024₹1.8t₹500.6b₹34.2b32.7x52.9x3.6x
Thu, 27 Jun 2024₹1.8t₹499.4b₹34.4b34.3x52.9x3.6x
Sat, 25 May 2024₹1.6t₹498.9b₹33.7b35.9x48.6x3.3x
Mon, 22 Apr 2024₹1.6t₹483.2b₹32.9b33.7x47.3x3.2x
Wed, 20 Mar 2024₹1.5t₹482.4b₹33.0b31.2x44.4x3x
Fri, 16 Feb 2024₹1.5t₹482.6b₹33.0b31.4x46.3x3.2x
Sun, 14 Jan 2024₹1.5t₹476.9b₹29.7b34.6x49.1x3.1x
Tue, 12 Dec 2023₹1.5t₹475.9b₹29.6b34.2x50.1x3.1x
Thu, 09 Nov 2023₹1.4t₹473.1b₹27.7b36.3x51.1x3x
Sat, 07 Oct 2023₹1.4t₹465.3b₹25.2b35.2x54.2x2.9x
Mon, 04 Sep 2023₹1.4t₹465.3b₹25.2b34.9x55x3x
Wed, 02 Aug 2023₹1.4t₹461.9b₹25.0b35x54.8x3x
Fri, 30 Jun 2023₹1.3t₹458.8b₹24.6b33.2x54x2.9x
Sun, 28 May 2023₹1.2t₹457.1b₹24.5b29.9x49.7x2.7x
Tue, 25 Apr 2023₹1.0t₹445.9b₹23.0b32.5x45.5x2.3x
Thu, 23 Mar 2023₹1.0t₹445.7b₹23.0b29.8x44.1x2.3x
Sat, 18 Feb 2023₹1.0t₹445.4b₹22.9b31x45.1x2.3x
Mon, 16 Jan 2023₹1.1t₹431.2b₹24.7b25.1x42.6x2.4x
Price to Earnings Ratio

42.6x


Total Market Cap: ₹1.1tTotal Earnings: ₹24.7bTotal Revenue: ₹431.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 49.7x202420252026
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 56.0x which is higher than its 3-year average PE of 49.7x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.4x.
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-0.99%
Industrials-1.40%
Building0.79%
Building Products0.79%
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
ASTRAL Astral₹1.48k2.9%
+₹11.1b		-4.8%PE77.9x
500067 Blue Star₹1.82k2.6%
+₹9.4b		-9.7%PE68.5x
500233 Kajaria Ceramics₹1.01k4.8%
+₹7.3b		-6.7%PE40x
GREENLAM Greenlam Industries₹249.643.0%
+₹1.8b		-10.4%PE200.5x
SHANKARA Shankara Building Products₹126.7519.0%
+₹491.3m		-80.3%PE4.2x

Latest News

SHANKARA
₹126.75
Shankara Building Products
7D
19.0%
1Y
-80.3%

Lacklustre Performance Is Driving Shankara Building Products Limited's (NSE:SHANKARA) Low P/E

Jan 07
Lacklustre Performance Is Driving Shankara Building Products Limited's (NSE:SHANKARA) Low P/E
500067
₹1,819.30
Blue Star
7D
2.6%
1Y
-9.7%

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).
GREENLAM
₹249.64
Greenlam Industries
7D
3.0%
1Y
-10.4%

Does Greenlam Industries (NSE:GREENLAM) Have A Healthy Balance Sheet?

Jan 06
Does Greenlam Industries (NSE:GREENLAM) Have A Healthy Balance Sheet?
500233
₹1,009.10
Kajaria Ceramics
7D
4.8%
1Y
-6.7%

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).
ASTRAL
₹1,476.30
Astral
7D
2.9%
1Y
-4.8%

ASTRAL: Upcoming Board Meeting Will Unlock Upside Through Interim Dividend Decision

Analysts have trimmed their fair value estimate for Astral slightly to ₹1,680.79 from ₹1,685.43, reflecting modest tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Astral has scheduled a board meeting on 5 Nov 2025 at 14:30 Indian Standard Time to review unaudited standalone and consolidated financial results for the second quarter and half year ended 30 Sep 2025 (company filing).
NITCO
₹83.84
NITCO
7D
-17.1%
1Y
-33.5%
526951
₹2,182.35
Stylam Industries
7D
-3.1%
1Y
-2.5%
PRINCEPIPE
₹248.60
Prince Pipes and Fittings
7D
-7.0%
1Y
-38.3%

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
₹71.55
Electrosteel Castings
7D
-7.1%
1Y
-45.4%

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).
ASIANTILES
₹71.60
Asian Granito India
7D
-6.4%
1Y
8.0%
SEJALLTD
₹780.00
Sejal Glass
7D
-8.6%
1Y
34.5%
524091
₹837.80
Carysil
7D
-7.4%
1Y
15.5%

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).
EUROPRATIK
₹301.30
Euro Pratik Sales
7D
-3.2%
1Y
n/a
AESTHETIK
₹100.00
Aesthetik Engineers
7D
13.6%
1Y
42.9%
526423
₹85.50
Kriti Industries (India)
7D
5.7%
1Y
-45.5%
531548
₹400.95
Somany Ceramics
7D
1.6%
1Y
-35.2%