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Indian (NIFTY) Building Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies64
  • 7D0.05%
  • 3M-2.9%
  • 1Y-5.7%
  • YTD3.4%

Over the last 7 days, the Building industry has dropped 1.0%, driven by a pullback from Astral of 3.8%. On the other hand KRN Heat Exchanger and Refrigeration is actually up 9.9%. However, the industry is down 4.6% over the past year. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026₹1.9t₹699.8b₹39.4b29.6x49x2.8x
Mon, 04 May 2026₹2.0t₹728.8b₹40.0b26.8x49.3x2.7x
Wed, 01 Apr 2026₹1.8t₹723.3b₹38.6b21.9x47.6x2.5x
Fri, 27 Feb 2026₹2.0t₹721.9b₹38.5b26.1x52.4x2.8x
Sun, 25 Jan 2026₹1.3t₹612.5b₹26.1b26.1x51.1x2.2x
Tue, 23 Dec 2025₹1.4t₹612.3b₹25.9b27.1x54.7x2.3x
Thu, 20 Nov 2025₹1.5t₹555.9b₹25.2b25.8x58.3x2.6x
Sat, 18 Oct 2025₹1.5t₹551.3b₹25.0b27.7x61.4x2.8x
Mon, 15 Sep 2025₹1.5t₹547.8b₹23.9b30.7x63.2x2.8x
Wed, 13 Aug 2025₹1.4t₹545.6b₹24.2b30.1x59.1x2.6x
Fri, 11 Jul 2025₹1.5t₹549.3b₹25.9b28.1x59.6x2.8x
Sun, 08 Jun 2025₹1.4t₹549.0b₹25.9b29.6x55.8x2.6x
Tue, 06 May 2025₹1.3t₹536.6b₹34.9b26.6x36.2x2.4x
Thu, 03 Apr 2025₹1.4t₹536.6b₹34.9b26.3x39.5x2.6x
Sat, 01 Mar 2025₹1.3t₹535.7b₹34.8b24.1x38x2.5x
Mon, 27 Jan 2025₹1.5t₹526.2b₹36.8b28.8x39.7x2.8x
Wed, 25 Dec 2024₹1.6t₹525.8b₹36.6b32x43.9x3.1x
Fri, 22 Nov 2024₹1.6t₹525.8b₹36.5b30.2x43x3x
Sun, 20 Oct 2024₹1.8t₹520.9b₹37.4b31.2x46.9x3.4x
Tue, 17 Sep 2024₹1.8t₹516.9b₹36.9b31.3x47.9x3.4x
Thu, 15 Aug 2024₹1.7t₹513.4b₹36.7b30.8x46.1x3.3x
Sat, 13 Jul 2024₹1.8t₹499.4b₹34.4b33.9x52.6x3.6x
Mon, 10 Jun 2024₹1.6t₹498.7b₹34.3b29.8x48.1x3.3x
Wed, 08 May 2024₹1.6t₹490.2b₹32.2b37.6x49.1x3.2x
Fri, 05 Apr 2024₹1.6t₹482.4b₹33.0b34x48.1x3.3x
Sun, 03 Mar 2024₹1.6t₹482.4b₹33.0b32.5x47.5x3.2x
Tue, 30 Jan 2024₹1.5t₹476.6b₹29.6b34.7x50.4x3.1x
Thu, 28 Dec 2023₹1.5t₹475.9b₹29.6b33.3x49.1x3.1x
Sat, 25 Nov 2023₹1.5t₹475.9b₹29.6b34x49.6x3.1x
Mon, 23 Oct 2023₹1.4t₹467.7b₹26.2b37x52.6x2.9x
Wed, 20 Sep 2023₹1.4t₹465.3b₹25.2b34.8x54x2.9x
Fri, 18 Aug 2023₹1.4t₹465.3b₹25.2b32.6x54.4x2.9x
Sun, 16 Jul 2023₹1.3t₹458.5b₹24.6b31.8x52.7x2.8x
Tue, 13 Jun 2023₹1.3t₹458.8b₹24.6b32.5x53.4x2.9x
Price to Earnings Ratio

53.4x


Total Market Cap: ₹1.3tTotal Earnings: ₹24.6bTotal Revenue: ₹458.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 50.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Building industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 50.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Building industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market-0.83%
Industrials-0.65%
Building0.052%
Building Products0.052%
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
KRN KRN Heat Exchanger and Refrigeration₹1.22k9.9%
+₹10.8b		61.5%PE104.2x
SUPREMEIND Supreme Industries₹3.60k1.5%
+₹6.7b		-17.1%PE48x
526951 Stylam Industries₹3.06k8.0%
+₹3.8b		80.7%PE34.6x
500233 Kajaria Ceramics₹1.09k1.7%
+₹2.8b		7.3%PE35.4x
GREENLAM Greenlam Industries₹235.223.0%
+₹1.7b		-1.7%PE106.7x

Latest News

ASTRAL
₹1,518.80
Astral
7D
-3.8%
1Y
-0.5%
Narrative Update • Jun 05

ASTRAL: Higher Fair Value And Dividend Outlook Will Support Future Upside

Astral's analyst fair value estimate has been revised slightly higher to about ₹1,762 from ₹1,739, with analysts citing updated assumptions around discount rate, revenue growth, profit margins and future P/E expectations as key drivers of the change. What's in the News A board meeting was held on May 18, 2026, to review and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider a final dividend for the 2025-26 financial year.
526951
₹3,056.55
Stylam Industries
7D
8.0%
1Y
80.7%
Narrative Update • Jun 05

526951: Incoming Aica Kogyo Control And Governance Changes Will Shape Future Share Performance

Analysts have adjusted the Stylam Industries price target slightly higher from ₹2,819 to ₹2,868. This reflects updated assumptions that combine lower projected revenue growth and profit margins with a higher future P/E multiple and a marginally higher discount rate.
SUPREMEIND
₹3,602.00
Supreme Industries
7D
1.5%
1Y
-17.1%
Narrative Update • Jun 04

SUPREMEIND: Upcoming Dividend Decision Will Support Bullish Outlook

Analysts have trimmed their price target on Supreme Industries to ₹4,700 from about ₹4,947, citing updated assumptions that reflect slightly lower revenue growth and profit margin expectations, along with a modestly higher discount rate and future P/E multiple. What's in the News Supreme Industries has a board meeting scheduled for April 27, 2026, at 10:30 Indian Standard Time to consider audited financial results for the year ended March 31, 2026, a potential dividend on equity shares, and the appointment of auditors.
KRN
₹1,216.80
KRN Heat Exchanger and Refrigeration
7D
9.9%
1Y
61.5%
524091
₹1,103.45
Carysil
7D
2.3%
1Y
26.5%
Narrative Update • Jun 02

524091: Subsidiary Simplification And Dividend Policy Will Support Future Upside

Carysil’s analyst price target is unchanged at ₹1,270.5, as analysts balance slightly adjusted assumptions for discount rate, revenue growth, profit margins and future P/E to arrive at the same fair value estimate. What's in the News A board meeting is scheduled for May 20, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider a final dividend on the equity shares for FY 2025-26.
PRINCEPIPE
₹271.15
Prince Pipes and Fittings
7D
3.4%
1Y
-18.9%
Narrative Update • Jun 02

PRINCEPIPE: Richer P/E Assumptions Will Weigh On Future Return Expectations

Analysts have lifted their price target on Prince Pipes and Fittings from ₹208.00 to about ₹223.56, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of this change. What's in the News The Board of Directors held a meeting on May 19, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026, and to consider a final dividend on the paid-up equity shares for FY 2025-26.
GREENLAM
₹235.22
Greenlam Industries
7D
3.0%
1Y
-1.7%
ASIANTILES
₹59.40
Asian Granito India
7D
-2.9%
1Y
0.7%
500233
₹1,086.95
Kajaria Ceramics
7D
1.7%
1Y
7.3%
Narrative Update • May 30

500233: Share Buyback And Dividend Will Meet Lower Margin Expectations

Analysts have revised their fair value estimate for Kajaria Ceramics from ₹827.65 to ₹917.29, reflecting updated assumptions for the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News The board scheduled a meeting on April 30, 2026 to consider audited results for the quarter and year ended March 31, 2026, a potential dividend recommendation, and a proposal for an equity share buyback, subject to approvals (company disclosure).
500067
₹1,582.80
Blue Star
7D
-0.4%
1Y
-0.4%
Narrative Update • May 28

500067: Upcoming Results And Dividend Will Support Earnings Resilience Narrative

Analysts have revised their price target on Blue Star from ₹2,178 to ₹2,069. This reflects updated views on slightly lower revenue growth and profit margin expectations, along with a higher assumed future P/E multiple.
508906
₹353.10
Everest Industries
7D
-7.2%
1Y
-23.5%
531548
₹512.65
Somany Ceramics
7D
3.3%
1Y
8.6%
NITCO
₹92.17
NITCO
7D
-6.3%
1Y
-33.7%
Analysis Article • May 21

NITCO's (NSE:NITCO) Attractive Earnings Are Not All Good News For Shareholders

Despite posting strong earnings, NITCO Limited's ( NSE:NITCO ) stock didn't move much over the last week. We think that...
500128
₹74.09
Electrosteel Castings
7D
-4.3%
1Y
-30.5%
Narrative Update • May 18

500128: Upcoming Board Meeting And Dividend Decision Will Pressure Stretched Earnings Outlook

Analysts have maintained their fair value estimate for Electrosteel Castings at ₹61.0, making only minor technical adjustments to the discount rate, revenue growth, profit margin assumptions and future P/E input. This indicates no material change in their overall price target framework.
SEJALLTD
₹731.35
Sejal Glass
7D
-6.5%
1Y
46.6%
532443
₹5,509.50
Cera Sanitaryware
7D
-1.0%
1Y
-16.6%