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Indian (NIFTY) Building Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies63
  • 7D-2.1%
  • 3M6.7%
  • 1Y3.7%
  • YTD6.4%

Over the last 7 days, the Building industry has dropped 2.1%, driven by a pullback from KRN Heat Exchanger and Refrigeration of 7.2%. Over the past 12 months, the industry was up 3.7%. 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
Fri, 06 Mar 2026₹2.0t₹721.9b₹38.5b24.7x51.3x2.7x
Sun, 01 Feb 2026₹1.4t₹614.8b₹25.4b24.8x54.4x2.2x
Tue, 30 Dec 2025₹1.4t₹612.3b₹25.9b26.8x53.4x2.3x
Thu, 27 Nov 2025₹1.5t₹612.1b₹25.9b23.3x56.4x2.4x
Sat, 25 Oct 2025₹1.5t₹551.7b₹25.1b29.1x61.3x2.8x
Mon, 22 Sep 2025₹1.5t₹547.8b₹23.9b32x64x2.8x
Wed, 20 Aug 2025₹1.5t₹546.7b₹24.3b30.8x62.6x2.8x
Fri, 18 Jul 2025₹1.6t₹549.3b₹25.9b28.8x60.7x2.9x
Sun, 15 Jun 2025₹1.5t₹548.9b₹25.8b29.4x57.6x2.7x
Tue, 13 May 2025₹1.3t₹549.4b₹26.9b27.6x49.5x2.4x
Thu, 10 Apr 2025₹1.3t₹536.6b₹34.9b24.8x36.9x2.4x
Sat, 08 Mar 2025₹1.4t₹536.6b₹34.9b25.9x39.8x2.6x
Mon, 03 Feb 2025₹1.5t₹533.1b₹36.1b28.4x41.9x2.8x
Wed, 01 Jan 2025₹1.6t₹525.8b₹36.6b30.4x44.8x3.1x
Fri, 29 Nov 2024₹1.6t₹525.5b₹36.5b31.2x44.8x3.1x
Sun, 27 Oct 2024₹1.6t₹521.6b₹37.1b29.8x43.7x3.1x
Tue, 24 Sep 2024₹1.8t₹516.9b₹36.9b30.7x47.9x3.4x
Thu, 22 Aug 2024₹1.7t₹514.7b₹36.8b32.4x46.5x3.3x
Sat, 20 Jul 2024₹1.8t₹499.4b₹34.4b34.4x51.4x3.5x
Mon, 17 Jun 2024₹1.7t₹498.5b₹34.3b32.4x51x3.5x
Wed, 15 May 2024₹1.6t₹494.4b₹33.5b36.3x48.7x3.3x
Fri, 12 Apr 2024₹1.6t₹482.8b₹33.0b34.1x47.8x3.3x
Sun, 10 Mar 2024₹1.6t₹482.4b₹33.0b33.4x47.4x3.2x
Tue, 06 Feb 2024₹1.5t₹482.7b₹31.0b34.9x49.4x3.2x
Thu, 04 Jan 2024₹1.4t₹476.2b₹29.6b34x48.2x3x
Sat, 02 Dec 2023₹1.5t₹475.9b₹29.6b32.3x50.3x3.1x
Mon, 30 Oct 2023₹1.4t₹468.1b₹26.4b35.6x51.3x2.9x
Wed, 27 Sep 2023₹1.4t₹465.3b₹25.2b34.8x55x3x
Fri, 25 Aug 2023₹1.4t₹465.3b₹25.2b32.3x54.7x3x
Sun, 23 Jul 2023₹1.3t₹459.6b₹24.6b31.6x54.5x2.9x
Tue, 20 Jun 2023₹1.3t₹458.7b₹24.6b31.1x50.9x2.7x
Thu, 18 May 2023₹1.2t₹456.6b₹25.2b29.3x46.8x2.6x
Sat, 15 Apr 2023₹1.1t₹445.7b₹23.0b31x46.2x2.4x
Mon, 13 Mar 2023₹1.1t₹445.7b₹23.0b30.6x45.9x2.4x
Price to Earnings Ratio

45.9x


Total Market Cap: ₹1.1tTotal 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-3.41%
Industrials-3.63%
Building-2.07%
Building Products-2.07%
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₹1.69k1.3%
+₹5.7b		26.8%PE90.2x
500067 Blue Star₹1.95k0.4%
+₹1.5b		-7.2%PE81x
526423 Kriti Industries (India)₹83.986.8%
+₹283.5m		-17.7%PS0.8x
544656 HRS Aluglaze₹250.052.5%
+₹116.7m		n/aPE93.7x
526951 Stylam Industries₹2.23k0.3%
+₹111.9m		30.1%PE26.8x

Latest News

500233
₹935.50
Kajaria Ceramics
7D
-2.3%
1Y
6.7%

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
₹1,689.20
Astral
7D
1.3%
1Y
26.8%

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).
KRN
₹926.45
KRN Heat Exchanger and Refrigeration
7D
-7.2%
1Y
-0.9%
526951
₹2,234.45
Stylam Industries
7D
0.3%
1Y
30.1%
500128
₹63.34
Electrosteel Castings
7D
-8.3%
1Y
-38.0%

500128: Upcoming Results Meeting Will Expose Risk In Earnings Assumptions

Analysts have kept the fair value estimate for Electrosteel Castings steady at ₹61.00, making only very small tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions that support this unchanged price target. What's in the News A board meeting is scheduled for February 6, 2026, to consider and approve the unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
531548
₹375.45
Somany Ceramics
7D
-8.6%
1Y
-15.8%

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).
532443
₹4,746.25
Cera Sanitaryware
7D
-2.9%
1Y
-14.9%

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
₹239.70
Prince Pipes and Fittings
7D
-5.0%
1Y
-13.8%

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).
GREENLAM
₹234.04
Greenlam Industries
7D
-2.1%
1Y
-2.5%

GREENLAM: Steady Fair Value Will Rely On Tweaked Margin And P/E Assumptions

Analysts have kept their price target for Greenlam Industries steady at ₹229, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that, in their view, continue to support this valuation level. What's in the News A board meeting is scheduled for January 29, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
SUPREMEIND
₹3,947.70
Supreme Industries
7D
-0.7%
1Y
16.4%

SUPREMEIND: Trimmed Outlook And Board Changes Will Support Future Shareholder Returns

Analysts have trimmed their price target on Supreme Industries from ₹4,263.86 to ₹3,868.00, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E. What's in the News The board has scheduled a meeting on Feb 17, 2026, at 11:00 Indian Standard Time to consider electing Managing Director M.P. Taparia as Chairman of the Board and Company.
500067
₹1,948.30
Blue Star
7D
0.4%
1Y
-7.2%

500067: Upcoming Board Review Will Likely Reinforce Persistent Overvaluation Concerns

Analysts have raised their price target on Blue Star to ₹1,364, citing slightly higher assumed revenue growth, a modestly stronger profit margin, a lower discount rate, and a marginally reduced future P/E multiple in their updated models. What's in the News A board meeting is scheduled on January 29, 2026, to review 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).
PATTECH
₹109.60
Pattech Fitwell Tube Components
7D
3.2%
1Y
46.4%
REGENCERAM
₹44.39
Regency Ceramics
7D
5.0%
1Y
-1.5%
526423
₹83.98
Kriti Industries (India)
7D
6.8%
1Y
-17.7%
544656
₹250.05
HRS Aluglaze
7D
2.5%
1Y
n/a
517437
₹111.00
Dutron Polymers
7D
4.3%
1Y
-19.4%