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Indian (NIFTY) Building Industry Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies62
  • 7D-3.3%
  • 3M-8.8%
  • 1Y-11.0%
  • YTD-1.3%

Over the last 7 days, the Building industry has dropped 3.3%, driven by Astral declining 3.3%. Overall the industry is down 11% in 12 months. 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
Wed, 14 Jan 2026₹1.4t₹612.3b₹25.9b26x54x2.3x
Fri, 12 Dec 2025₹1.4t₹611.9b₹25.8b26.4x54.1x2.3x
Sun, 09 Nov 2025₹1.5t₹554.9b₹25.3b28x59.4x2.7x
Tue, 07 Oct 2025₹1.5t₹548.0b₹23.9b29.5x61.6x2.7x
Thu, 04 Sep 2025₹1.5t₹548.2b₹23.9b29.7x64x2.8x
Sat, 02 Aug 2025₹1.5t₹549.7b₹26.1b27.6x56x2.7x
Mon, 30 Jun 2025₹1.5t₹549.1b₹25.9b29.5x57.6x2.7x
Wed, 28 May 2025₹1.4t₹546.8b₹26.1b27.1x55x2.6x
Fri, 25 Apr 2025₹1.3t₹536.6b₹34.9b28.6x38.5x2.5x
Sun, 23 Mar 2025₹1.4t₹536.6b₹34.9b25.9x40x2.6x
Tue, 18 Feb 2025₹1.4t₹535.6b₹34.8b26.7x39.5x2.6x
Thu, 16 Jan 2025₹1.5t₹525.8b₹36.6b29.2x40.6x2.8x
Sat, 14 Dec 2024₹1.7t₹525.8b₹36.6b33.2x46.7x3.2x
Mon, 11 Nov 2024₹1.6t₹526.2b₹36.2b34x44.6x3.1x
Wed, 09 Oct 2024₹1.7t₹517.6b₹37.0b30x46.3x3.3x
Fri, 06 Sep 2024₹1.7t₹514.7b₹36.8b31.4x47.1x3.4x
Sun, 04 Aug 2024₹1.8t₹505.4b₹35.7b32.5x49.9x3.5x
Tue, 02 Jul 2024₹1.8t₹499.4b₹34.4b33.5x53.1x3.7x
Thu, 30 May 2024₹1.6t₹499.1b₹33.8b35.1x48.1x3.3x
Sat, 27 Apr 2024₹1.6t₹483.1b₹32.9b35.3x48.8x3.3x
Mon, 25 Mar 2024₹1.5t₹482.4b₹33.0b31.4x44.6x3.1x
Wed, 21 Feb 2024₹1.5t₹482.4b₹33.0b32.8x46.8x3.2x
Fri, 19 Jan 2024₹1.5t₹476.9b₹29.7b35.2x49.2x3.1x
Sun, 17 Dec 2023₹1.5t₹475.9b₹29.6b34x50x3.1x
Tue, 14 Nov 2023₹1.4t₹476.0b₹29.7b32.7x48.5x3x
Thu, 12 Oct 2023₹1.4t₹465.3b₹25.2b36x54.9x3x
Sat, 09 Sep 2023₹1.4t₹465.3b₹25.2b35.7x55.2x3x
Mon, 07 Aug 2023₹1.4t₹465.4b₹25.3b34.5x54.6x3x
Wed, 05 Jul 2023₹1.3t₹458.8b₹24.6b33.8x53.3x2.9x
Fri, 02 Jun 2023₹1.2t₹459.1b₹24.8b30.7x50x2.7x
Sun, 30 Apr 2023₹1.1t₹445.9b₹23.0b28.3x46.2x2.4x
Tue, 28 Mar 2023₹987.5b₹445.7b₹23.0b26.4x43x2.2x
Thu, 23 Feb 2023₹1.0t₹445.4b₹22.9b30.7x45.1x2.3x
Sat, 21 Jan 2023₹1.0t₹431.9b₹24.7b24.7x41.5x2.4x
Price to Earnings Ratio

41.5x


Total Market Cap: ₹1.0tTotal Earnings: ₹24.7bTotal Revenue: ₹431.9bTotal 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 54.0x 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-2.45%
Industrials-4.48%
Building-3.25%
Building Products-3.25%
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
544656 HRS Aluglaze₹170.205.1%
+₹158.1m		n/aPE63.8x
544332 Fabtech Technologies Cleanrooms₹300.004.0%
+₹142.9m		52.8%PE32.8x
526951 Stylam Industries₹2.22k0.4%
+₹133.0m		7.6%PE30.1x
EUROBOND Euro Panel Products₹181.232.7%
+₹115.4m		-2.6%PE19.3x
544351 Malpani Pipes and Fittings₹73.007.0%
+₹51.2m		n/aPE8.9x

Latest News

500128
₹72.21
Electrosteel Castings
7D
-2.6%
1Y
-42.2%

500128: Upcoming Governance Meetings Will Support Bullish Outlook On Steady Earnings Assumptions

Analysts have kept their fair value estimate for Electrosteel Castings steady at ₹81.0, with only marginal tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E guiding this unchanged price target. What's in the News Board meeting scheduled for Nov 10, 2025, at 11:30 Indian Standard Time to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended Sep 30, 2025 (company filing).
EUROPRATIK
₹268.65
Euro Pratik Sales
7D
-13.7%
1Y
n/a
524091
₹771.50
Carysil
7D
-12.2%
1Y
4.7%

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.
526951
₹2,222.50
Stylam Industries
7D
0.4%
1Y
7.6%

526951: Future Stake Sale And Capacity Expansion Will Shape Balanced Outlook

Analysts have raised their price target for Stylam Industries from ₹2,102.60 to ₹2,311.00, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. What's in the News Aica Kogyo Company, Limited agreed to acquire a 27.12268% stake in Stylam Industries from existing shareholders for about ₹10.3b at ₹2,250 per share, and has related plans to acquire additional stakes from other members of the Gupta family (Key Developments).
544332
₹300.00
Fabtech Technologies Cleanrooms
7D
4.0%
1Y
52.8%
GREENLAM
₹241.84
Greenlam Industries
7D
-8.4%
1Y
-10.6%

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
₹1,811.95
Blue Star
7D
-1.6%
1Y
-5.5%

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
₹993.85
Kajaria Ceramics
7D
-1.3%
1Y
-5.1%

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).
ASTRAL
₹1,462.60
Astral
7D
-2.7%
1Y
-0.9%

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).
KRN
₹721.45
KRN Heat Exchanger and Refrigeration
7D
-2.8%
1Y
-1.0%
NITCO
₹89.20
NITCO
7D
0.1%
1Y
-27.8%
EUROBOND
₹181.23
Euro Panel Products
7D
2.7%
1Y
-2.6%

Here's Why Euro Panel Products (NSE:EUROBOND) Can Manage Its Debt Responsibly

Nov 25
Here's Why Euro Panel Products (NSE:EUROBOND) Can Manage Its Debt Responsibly
BEARDSELL
₹29.69
Beardsell
7D
1.2%
1Y
-18.7%
544351
₹73.00
Malpani Pipes and Fittings
7D
7.0%
1Y
n/a
VIGOR
₹74.00
Vigor Plast India
7D
5.4%
1Y
n/a