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Indian (NIFTY) Building Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies63
  • 7D-0.8%
  • 3M7.8%
  • 1Y6.1%
  • YTD5.2%

The Building is pretty flat in the last 7 days, but Astral has stood out, gaining 6.0%. As for the the longer term, the industry is up 6.1% over the past 12 months. Looking forward, 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
Thu, 12 Mar 2026₹2.0t₹721.9b₹38.5b25.2x50.9x2.7x
Sat, 07 Feb 2026₹1.9t₹724.0b₹33.7b23.7x56.2x2.6x
Mon, 05 Jan 2026₹1.4t₹612.3b₹25.9b26.1x55.4x2.3x
Wed, 03 Dec 2025₹1.4t₹611.9b₹25.8b27.2x55.3x2.3x
Fri, 31 Oct 2025₹1.5t₹551.6b₹25.1b29.3x61.6x2.8x
Sun, 28 Sep 2025₹1.5t₹548.0b₹23.9b30.9x61x2.7x
Tue, 26 Aug 2025₹1.5t₹547.8b₹23.8b29.9x64.1x2.8x
Thu, 24 Jul 2025₹1.5t₹549.4b₹26.1b28.4x58.6x2.8x
Sat, 21 Jun 2025₹1.5t₹548.9b₹25.8b28.6x57x2.7x
Mon, 19 May 2025₹1.4t₹545.7b₹26.4b28.1x51.7x2.5x
Wed, 16 Apr 2025₹1.3t₹536.6b₹34.9b26.5x38.4x2.5x
Fri, 14 Mar 2025₹1.3t₹536.6b₹34.9b24.5x37.9x2.5x
Sun, 09 Feb 2025₹1.5t₹534.9b₹35.7b28.5x42.1x2.8x
Tue, 07 Jan 2025₹1.6t₹525.8b₹36.6b30.3x43.9x3.1x
Thu, 05 Dec 2024₹1.7t₹526.2b₹36.6b31.1x46.2x3.2x
Sat, 02 Nov 2024₹1.7t₹522.0b₹36.8b31.2x44.9x3.2x
Mon, 30 Sep 2024₹1.8t₹517.5b₹37.0b30.5x49.1x3.5x
Wed, 28 Aug 2024₹1.7t₹514.7b₹36.8b32.3x47.3x3.4x
Fri, 26 Jul 2024₹1.8t₹500.8b₹34.1b32.3x52.2x3.5x
Sun, 23 Jun 2024₹1.8t₹498.5b₹34.3b32.3x51.8x3.6x
Tue, 21 May 2024₹1.7t₹498.4b₹33.7b36.3x50x3.4x
Thu, 18 Apr 2024₹1.6t₹482.8b₹33.0b33.5x47.4x3.2x
Sat, 16 Mar 2024₹1.5t₹482.4b₹33.0b31.8x45x3.1x
Mon, 12 Feb 2024₹1.5t₹481.8b₹32.8b33.3x46x3.1x
Wed, 10 Jan 2024₹1.4t₹476.2b₹29.6b34.8x48.7x3x
Fri, 08 Dec 2023₹1.5t₹475.9b₹29.6b33.9x50.3x3.1x
Sun, 05 Nov 2023₹1.4t₹472.9b₹26.8b37.5x52x3x
Tue, 03 Oct 2023₹1.4t₹465.3b₹25.2b35.1x54.7x3x
Thu, 31 Aug 2023₹1.4t₹465.3b₹25.2b34.2x55.2x3x
Sat, 29 Jul 2023₹1.3t₹461.9b₹25.0b32.5x53.2x2.9x
Mon, 26 Jun 2023₹1.3t₹458.8b₹24.6b33.8x53.5x2.9x
Wed, 24 May 2023₹1.2t₹460.0b₹25.0b29.5x47.8x2.6x
Fri, 21 Apr 2023₹1.1t₹445.9b₹23.0b31.9x45.8x2.4x
Sun, 19 Mar 2023₹1.0t₹445.7b₹23.0b29.6x43.9x2.3x
Price to Earnings Ratio

43.9x


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 50.3x202420252026
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 50.3x.
  • 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 19% per year over the last three years.
  • Revenues for these companies have grown 17% 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-2.09%
Industrials-1.78%
Building-0.78%
Building Products-0.78%
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₹1.75k6.0%
+₹26.7b		38.0%PE93.3x
500067 Blue Star₹1.94k5.4%
+₹20.6b		-5.1%PE80.8x
SUPREMEIND Supreme Industries₹4.04k3.6%
+₹17.8b		20.3%PE63x
500128 Electrosteel Castings₹75.6015.4%
+₹6.2b		-22.9%PE14.9x
ASIANTILES Asian Granito India₹66.160.1%
+₹4.3b		46.0%PE25.7x

Latest News

500128
₹75.60
Electrosteel Castings
7D
15.4%
1Y
-22.9%
531761
₹425.00
Apollo Pipes
7D
20.8%
1Y
27.6%
GREENLAM
₹227.21
Greenlam Industries
7D
-2.9%
1Y
-3.3%

GREENLAM: Fair View Will Depend On Tweaked Assumptions And Forthcoming Results

Analysts have kept their price target for Greenlam Industries steady at ₹229.0. The updated view reflects slightly different assumptions for discount rate, revenue growth, profit margin and future P/E rather than a change in their headline valuation. What's in the News A board meeting is scheduled for January 29, 2026 to review and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
SUPREMEIND
₹4,038.00
Supreme Industries
7D
3.6%
1Y
20.3%

SUPREMEIND: Higher Discount Rate And Governance Shift Will Pressure Future Returns

Analysts have reduced their price target on Supreme Industries from ₹3,103 to ₹2,953, citing updated assumptions around the discount rate, revenue growth, margins, and future P/E multiples. What's in the News A board meeting is scheduled on Feb 17, 2026 to consider electing Managing Director M.
500067
₹1,943.15
Blue Star
7D
5.4%
1Y
-5.1%

500067: Upcoming Board Meeting Will Likely Confirm Persistent Overvaluation Risk

Analysts have lifted their price target on Blue Star to ₹1,364, citing slightly lower required returns, as well as modestly higher assumptions for revenue growth, profit margins and future P/E. What's in the News A board meeting is scheduled for January 29, 2026 to consider and approve unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, along with other business matters (company filing).
500233
₹959.45
Kajaria Ceramics
7D
2.2%
1Y
9.9%

500233: Leadership Transition And Margin Outlook Will Support A Constructive Share Price View

Analysts have trimmed their price target for Kajaria Ceramics from ₹1,600 to about ₹1,484, citing updated assumptions that balance lower projected revenue growth with slightly improved profit margins and a reduced forward P/E multiple. What's in the News Kajaria Ceramics has scheduled a Special or Extraordinary Shareholders Meeting on March 12, 2026, to be conducted via postal ballot in India (company filing).
ASTRAL
₹1,746.30
Astral
7D
6.0%
1Y
38.0%

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

The analyst fair value estimate for Astral has inched up from ₹1,695.22 to ₹1,700.78, with analysts pointing to small refinements in discount rate, revenue growth, profit margin, and future P/E assumptions rather than any major shift in their outlook. What's in the News Board meeting scheduled on Feb 05, 2026 at 15:00 IST to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
EXXARO
₹7.04
Exxaro Tiles
7D
-6.3%
1Y
-0.4%
531548
₹367.90
Somany Ceramics
7D
-1.8%
1Y
-11.3%

531548: Upcoming Results And New HR Leadership Will Support Bullish Outlook

Analysts have kept their fair value estimate for Somany Ceramics steady at ₹632.0, with only modest tweaks to assumptions on discount rate, revenue, profit margin and future P/E supporting this unchanged price target. What's in the News Board meeting scheduled for 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 (company filing).
524091
₹845.80
Carysil
7D
-1.3%
1Y
39.7%

524091: Upcoming Results And Steady Assumptions Will Support Future Upside

Analysts have maintained their fair value estimate for Carysil at ₹1,205.67 per share, making only minor model adjustments, such as a slightly higher discount rate and a modestly higher assumed future P/E multiple. These changes together leave the overall price target unchanged.
532443
₹4,654.65
Cera Sanitaryware
7D
-2.6%
1Y
-12.3%

532443: Stable Margins And Modest P/E Reset Will Underpin Future Upside

Analysts have trimmed their fair value estimate for Cera Sanitaryware slightly, with the price target easing by about ₹13 to ₹6,431.88 as they update assumptions on discount rate, profit margin and future P/E, while keeping revenue growth expectations broadly unchanged. What's in the News Cera Sanitaryware has scheduled a board meeting for February 4, 2026, to consider and approve unaudited financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
PRINCEPIPE
₹262.05
Prince Pipes and Fittings
7D
11.0%
1Y
3.3%

PRINCEPIPE: Upcoming Board Results Will Clarify Earnings Power Behind Bullish Thesis

Analysts have trimmed their price target on Prince Pipes and Fittings from about ₹361 to roughly ₹311, citing updated assumptions around slightly higher revenue growth, a modestly softer profit margin, a marginally higher discount rate, and a small adjustment to the future P/E multiple. What's in the News A board meeting is scheduled for February 10, 2026 to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025 (company filing).
508906
₹382.80
Everest Industries
7D
-2.5%
1Y
-23.8%
ASIANTILES
₹66.16
Asian Granito India
7D
0.1%
1Y
46.0%
RUSHIL
₹16.55
Rushil Décor
7D
-2.6%
1Y
-29.8%
530365
₹257.25
Orient Bell
7D
-11.2%
1Y
3.4%