Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Building Industry Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies64
  • 7D-5.2%
  • 3M2.5%
  • 1Y-1.0%
  • YTD2.0%

Over the last 7 days, the Building industry has dropped 3.0%, driven by Blue Star declining 11%. Meanwhile, NITCO actually outperformed within the industry, gaining 20% in the last week. Over the past 12 months, the industry was up 3.1%. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026₹1.9t₹723.3b₹38.6b24x49.3x2.6x
Sun, 15 Feb 2026₹2.0t₹721.5b₹32.0b25.7x61.2x2.7x
Tue, 13 Jan 2026₹1.4t₹612.3b₹25.9b25.9x53.8x2.3x
Thu, 11 Dec 2025₹1.4t₹611.9b₹25.8b25.7x53.8x2.3x
Sat, 08 Nov 2025₹1.5t₹555.0b₹25.3b28x59.3x2.7x
Mon, 06 Oct 2025₹1.5t₹548.0b₹23.9b29.9x61.9x2.7x
Wed, 03 Sep 2025₹1.5t₹548.2b₹23.9b29.8x63.6x2.8x
Fri, 01 Aug 2025₹1.5t₹549.4b₹26.1b28.6x56.6x2.7x
Sun, 29 Jun 2025₹1.5t₹549.1b₹25.9b29.5x57.6x2.7x
Tue, 27 May 2025₹1.4t₹547.2b₹26.1b27.2x55x2.6x
Thu, 24 Apr 2025₹1.4t₹536.6b₹34.9b28.3x39x2.5x
Sat, 22 Mar 2025₹1.4t₹536.6b₹34.9b25.9x40x2.6x
Mon, 17 Feb 2025₹1.4t₹535.6b₹34.8b27.2x39.5x2.6x
Wed, 15 Jan 2025₹1.5t₹525.8b₹36.6b29.1x40.4x2.8x
Fri, 13 Dec 2024₹1.7t₹525.8b₹36.6b32.9x46.7x3.2x
Sun, 10 Nov 2024₹1.6t₹526.2b₹36.2b34x44.6x3.1x
Tue, 08 Oct 2024₹1.7t₹517.6b₹37.0b28.3x46x3.3x
Thu, 05 Sep 2024₹1.7t₹514.7b₹36.8b31.1x47.1x3.4x
Sat, 03 Aug 2024₹1.8t₹505.7b₹35.7b32.5x50x3.5x
Mon, 01 Jul 2024₹1.8t₹499.4b₹34.4b34.1x52.4x3.6x
Wed, 29 May 2024₹1.6t₹498.2b₹33.9b35.1x48.6x3.3x
Fri, 26 Apr 2024₹1.6t₹483.1b₹32.9b35.4x48.7x3.3x
Sun, 24 Mar 2024₹1.5t₹482.4b₹33.0b31.4x44.6x3.1x
Tue, 20 Feb 2024₹1.5t₹482.4b₹33.0b33.1x46.9x3.2x
Thu, 18 Jan 2024₹1.5t₹476.9b₹29.7b35.4x49.1x3.1x
Sat, 16 Dec 2023₹1.5t₹475.9b₹29.6b34x50x3.1x
Mon, 13 Nov 2023₹1.4t₹476.0b₹29.7b32.8x48.1x3x
Wed, 11 Oct 2023₹1.4t₹465.3b₹25.2b35.4x54x2.9x
Fri, 08 Sep 2023₹1.4t₹465.3b₹25.2b35.8x55x3x
Sun, 06 Aug 2023₹1.4t₹465.5b₹25.3b34.6x54.6x3x
Tue, 04 Jul 2023₹1.3t₹458.8b₹24.6b33.4x53.6x2.9x
Thu, 01 Jun 2023₹1.2t₹459.2b₹24.8b30.3x50x2.7x
Sat, 29 Apr 2023₹1.1t₹445.9b₹23.0b28.3x46.2x2.4x
Mon, 27 Mar 2023₹999.7b₹445.7b₹23.0b27.1x43.5x2.2x
Price to Earnings Ratio

43.5x


Total Market Cap: ₹999.7bTotal Earnings: ₹23.0bTotal Revenue: ₹445.7bTotal 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 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-3.16%
Industrials-4.16%
Building-5.17%
Building Products-5.17%
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
NITCO NITCO₹81.3020.5%
+₹3.2b		-29.4%PE55.1x
532443 Cera Sanitaryware₹4.75k1.8%
+₹1.1b		-12.2%PE28.9x
531548 Somany Ceramics₹378.001.9%
+₹293.2m		-11.2%PE24x
544656 HRS Aluglaze₹264.003.9%
+₹189.0m		n/aPE98.9x
GANGABATH Ganga Bath Fittings₹24.2049.8%
+₹125.1m		n/aPE10.5x

Latest News

NITCO
₹81.30
NITCO
7D
20.5%
1Y
-29.4%
500233
₹920.40
Kajaria Ceramics
7D
-2.1%
1Y
3.3%

500233: Future Board Refresh Will Support Returns Despite Softer Assumptions

Analysts have trimmed their price target for Kajaria Ceramics to around ₹1,122 from about ₹1,154, citing slightly moderated revenue growth expectations and a lower future P/E assumption, partly offset by a small improvement in projected profit margins and a modestly reduced discount rate. What's in the News Kajaria Ceramics has scheduled a Special or Extraordinary Shareholders Meeting via postal ballot in India on Mar 12, 2026, to seek approval for board changes (company filing).
ASTRAL
₹1,640.40
Astral
7D
-3.3%
1Y
28.7%

ASTRAL: Upcoming Board Results Meeting Will Test Fairly Balanced Risk Reward Profile

Astral's analyst price target has inched up to ₹1,708. The small change is linked to slightly higher modeled revenue growth of 16.08%, a marginally stronger profit margin of 11.23%, a lower discount rate of 14.52%, and a modestly adjusted future P/E of 63.51x in recent analyst updates.
GANGABATH
₹24.20
Ganga Bath Fittings
7D
49.8%
1Y
n/a
500128
₹72.00
Electrosteel Castings
7D
-9.1%
1Y
-29.6%

500128: Upcoming Results Meeting Will Highlight Overvaluation Risk In Earnings Assumptions

Analysts have maintained the fair value for Electrosteel Castings at ₹61.00, indicating that only minor adjustments have been made to inputs such as the discount rate, long-term revenue growth, profit margin, and future P/E assumptions, rather than any change in their central view on the stock. What's in the News Board meeting scheduled for February 6, 2026, to consider and approve unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
531548
₹378.00
Somany Ceramics
7D
1.9%
1Y
-11.2%

531548: Upcoming Results And Senior Management Addition Will Support Bullish Outlook

Analysts have kept their fair value estimate for Somany Ceramics steady at ₹632.0, with only small tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E that help refine rather than shift their overall price target view. What's in the News A board meeting is scheduled for January 28, 2026 at 14:00 Indian Standard Time to consider and approve unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
532443
₹4,753.95
Cera Sanitaryware
7D
1.8%
1Y
-12.2%

532443: Refreshed P/E Assumptions Will Support Future Upside Potential

Analysts have trimmed their price target for Cera Sanitaryware slightly, with fair value moving from about ₹6,431.88 to roughly ₹6,397.50 as they refreshed their assumptions on discount rate, revenue growth, profit margin, and future P/E. What's in the News A board meeting is scheduled on February 4, 2026, to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
PRINCEPIPE
₹239.25
Prince Pipes and Fittings
7D
-6.2%
1Y
-3.8%

PRINCEPIPE: Upcoming Board Review Will Support Bullish Earnings Power Thesis

Analysts have slightly trimmed their fair value estimate for Prince Pipes and Fittings to about ₹308 from about ₹311, reflecting small updates to assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. 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.
GREENLAM
₹212.73
Greenlam Industries
7D
-4.8%
1Y
-27.4%

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
₹3,843.40
Supreme Industries
7D
-5.0%
1Y
10.0%

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
₹1,733.10
Blue Star
7D
-11.2%
1Y
-21.6%

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).
SHANKARA
₹110.04
Shankara Building Products
7D
3.6%
1Y
-79.6%

Shankara Building Products (NSE:SHANKARA) Has A Somewhat Strained Balance Sheet

Feb 16
Shankara Building Products (NSE:SHANKARA) Has A Somewhat Strained Balance Sheet
538715
₹339.10
Dhabriya Polywood
7D
2.3%
1Y
-8.9%
EUROPRATIK
₹211.25
Euro Pratik Sales
7D
-11.6%
1Y
n/a
DURLAX
₹49.00
Durlax Top Surface
7D
10.1%
1Y
35.4%

Is Durlax Top Surface (NSE:DURLAX) A Risky Investment?

Feb 04
Is Durlax Top Surface (NSE:DURLAX) A Risky Investment?
544656
₹264.00
HRS Aluglaze
7D
3.9%
1Y
n/a