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Indian (NIFTY) Building Industry Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies65
  • 7D1.4%
  • 3M-2.4%
  • 1Y-8.7%
  • YTD5.0%

The Building industry is up 1.4% in the last week, with Astral up 4.2%. However, the industry is down 8.7% over the past year. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026₹2.0t₹699.6b₹39.4b30.9x49.7x2.8x
Fri, 19 Jun 2026₹2.0t₹698.8b₹39.4b34.5x51.1x2.9x
Sun, 17 May 2026₹1.9t₹692.4b₹40.6b25.1x47.4x2.8x
Tue, 14 Apr 2026₹2.0t₹723.3b₹38.6b26.3x51.1x2.7x
Thu, 12 Mar 2026₹2.0t₹721.9b₹38.5b25.6x52.5x2.8x
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
Price to Earnings Ratio

53.2x


Total Market Cap: ₹1.3tTotal Earnings: ₹25.0bTotal Revenue: ₹461.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 50.4x202420252026
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 50.4x.
  • 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 Market0.002%
Industrials-0.43%
Building1.44%
Building Products1.44%
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₹1.42k4.2%
+₹15.2b		-4.1%PE70.8x
526951 Stylam Industries₹3.52k6.4%
+₹3.6b		102.0%PE39.8x
KRN KRN Heat Exchanger and Refrigeration₹1.26k2.5%
+₹2.0b		47.7%PE107.5x
532443 Cera Sanitaryware₹6.24k1.6%
+₹1.3b		-9.3%PE39.4x
NITCO NITCO₹106.952.8%
+₹695.1m		-24.5%PE89x

Latest News

531548
₹512.75
Somany Ceramics
7D
-4.0%
1Y
-6.3%
SUPREMEIND
₹3,399.10
Supreme Industries
7D
-0.8%
1Y
-16.9%
526951
₹3,519.60
Stylam Industries
7D
6.4%
1Y
102.0%
Narrative Update • Jul 20

526951: Incoming Aica Control And Open Offer Will Likely Restrain Overvalued Shares

Analysts have adjusted their fair value estimate for Stylam Industries from ₹2,112 to ₹2,475, citing revised assumptions on the discount rate, revenue growth, profit margin and future P/E as the basis for the new price target. What’s in the News for Stylam Industries On July 22, 2026, the board of Stylam Industries is scheduled to meet to consider, approve and record the unaudited standalone and consolidated financial results for Q1 FY2026, covering the quarter ended June 30, 2026.
500067
₹1,702.75
Blue Star
7D
-2.5%
1Y
-3.5%
531761
₹494.15
Apollo Pipes
7D
-2.7%
1Y
16.5%
500233
₹1,228.75
Kajaria Ceramics
7D
-0.5%
1Y
-0.9%
Narrative Update • Jul 12

500233: Buyback And Dividend Will Support Returns On Fairly Valued Shares

The analyst price target for Kajaria Ceramics has been raised from ₹1,121.69 to ₹1,271.96, with analysts pointing to updated assumptions around revenue growth, profit margins and future P/E expectations as the key drivers of this change. What's in the News Kajaria Ceramics has scheduled a Special and Extraordinary Shareholders Meeting on June 22, 2026 via postal ballot in India to consider a share buyback of up to 2,150,000 equity shares at ₹1,380 per share and other related matters.
532443
₹6,235.95
Cera Sanitaryware
7D
1.6%
1Y
-9.3%
Narrative Update • Jul 10

532443: Fair Outlook Balances Higher Dividend With Moderating Earnings Assumptions

The analyst price target for Cera Sanitaryware has been revised from ₹5,200 to about ₹5,741, with analysts citing updated expectations around revenue growth, profit margins and a lower assumed future P/E multiple as key factors behind the change. What’s in the News for Cera Sanitaryware Cera Sanitaryware declared an annual dividend of ₹75.00 per share, with the dividend payable on August 22, 2026.
ASIANTILES
₹44.98
Asian Granito India
7D
-7.9%
1Y
-24.7%
SEJALLTD
₹739.60
Sejal Glass
7D
3.8%
1Y
56.2%
GREENLAM
₹248.35
Greenlam Industries
7D
-1.1%
1Y
2.6%
ASTRAL
₹1,415.10
Astral
7D
4.2%
1Y
-4.1%
Narrative Update • Jun 25

ASTRAL: Dividend Declaration And Stable Assumptions Will Support Future Upside

Astral's analyst price target has been nudged to approximately ₹1,764, with analysts citing slightly adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E to support the revision. What’s in the News for Astral Astral’s board met on May 18, 2026 to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
500128
₹72.83
Electrosteel Castings
7D
-4.2%
1Y
-35.9%
Narrative Update • Jun 25

500128: Board Leadership Changes And CFO Exit Will Pressure Rich Share Pricing

Analysts have kept their fair value estimate for Electrosteel Castings broadly unchanged at ₹71.0. This reflects only minor fine tuning to discount rate, revenue growth, profit margin and future P/E assumptions rather than a material shift in their outlook. What's in the News for Electrosteel Castings A board meeting will be held on 18 May 2026 to consider and approve audited consolidated and standalone financial results for the quarter and financial year ended 31 March 2026, and to consider recommending a final dividend on equity shares for FY 2025-26.
RUSHIL
₹16.28
Rushil Décor
7D
5.8%
1Y
-39.4%
KRN
₹1,255.40
KRN Heat Exchanger and Refrigeration
7D
2.5%
1Y
47.7%
NITCO
₹106.95
NITCO
7D
2.8%
1Y
-24.5%
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...
EUROPRATIK
₹313.75
Euro Pratik Sales
7D
0.6%
1Y
n/a
Analysis Article • May 20

Euro Pratik Sales' (NSE:EUROPRATIK) Profits May Not Reveal Underlying Issues

The market shrugged off Euro Pratik Sales Limited's ( NSE:EUROPRATIK ) solid earnings report. We did some digging and...