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Indian (NIFTY) Building Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies64
  • 7D1.7%
  • 3M13.5%
  • 1Y4.9%
  • YTD7.4%

The Building industry is up 1.7% in the last week, with Blue Star up 8.0%. In the last 12 months, the industry was up 4.9%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026₹2.0t₹723.3b₹38.6b27x52x2.8x
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
Price to Earnings Ratio

46.2x


Total Market Cap: ₹1.1tTotal Earnings: ₹23.0bTotal Revenue: ₹445.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 50.5x202420252026
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 50.5x.
  • 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 Market4.27%
Industrials6.15%
Building1.69%
Building Products1.69%
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
500067 Blue Star₹1.89k4.7%
+₹17.6b		-1.9%PE78.6x
500233 Kajaria Ceramics₹1.21k3.9%
+₹7.2b		48.4%PE47.3x
KRN KRN Heat Exchanger and Refrigeration₹1.20k7.0%
+₹4.9b		46.3%PE109.9x
EUROPRATIK Euro Pratik Sales₹266.6611.6%
+₹2.8b		n/aPE38.7x
532443 Cera Sanitaryware₹5.49k3.6%
+₹2.4b		-3.8%PE33.3x

Latest News

500233
₹1,205.40
Kajaria Ceramics
7D
3.9%
1Y
48.4%
GREENLAM
₹227.88
Greenlam Industries
7D
3.4%
1Y
4.6%

GREENLAM: Higher Margin Assumptions And Upcoming Results Will Support Bullish Case

Narrative Update The analyst price target for Greenlam Industries is unchanged at ₹297, with analysts citing relatively stable assumptions around the discount rate, revenue growth, profit margin and future P/E as the basis for maintaining this level. What's in the News Board meeting scheduled for January 29, 2026, to consider and approve the unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
526951
₹2,244.70
Stylam Industries
7D
-0.4%
1Y
25.8%

526951: Incoming Aica-Controlled Governance Changes Will Likely Cap Upside From Fairly Valued Shares

Analysts have kept the Stylam Industries fair value estimate steady at ₹2,112, with only minor tweaks to assumptions around discount rate, revenue growth, profit margin, and future P/E that help to fine tune rather than materially shift the price target. What's in the News Aica Kogyo Company, Limited completed the acquisition of a 27.12268% stake in Stylam Industries for about ₹10.3b at ₹2,250 per share, following an agreement announced on December 26, 2025 (Key Developments).
500067
₹1,888.65
Blue Star
7D
4.7%
1Y
-1.9%

500067: New AC Lineup And Board Changes Will Sustain Future Overvaluation

Analysts have trimmed their fair value estimate for Blue Star from ₹1,370.04 to ₹1,328.58, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin and future P/E multiples. What's in the News A board meeting is scheduled on May 6, 2026 to review unaudited standalone and consolidated financial results for Q4 and audited results for the year ended March 31, 2026, and to consider a final dividend on equity shares, if any (company filing).
SUPREMEIND
₹3,691.40
Supreme Industries
7D
-3.6%
1Y
4.7%

SUPREMEIND: Board Leadership Shift And Dividend Decision Will Shape Fairly Valued Outlook

Analysts have revised their fair value estimate for Supreme Industries from ₹3,868 to about ₹3,944, citing updated assumptions around revenue growth, profit margin, and future P/E levels. What's in the News A board meeting is scheduled on Apr 27, 2026 to consider audited financial results for the year ended Mar 31, 2026, and a potential dividend recommendation on equity shares, if any (company filing).
ASTRAL
₹1,589.60
Astral
7D
-2.5%
1Y
12.9%

ASTRAL: Upcoming Board Review Will Test Fairly Balanced Risk Reward Profile

Astral's analyst price target has shifted modestly higher to around ₹1,730 from about ₹1,720, as analysts refresh their models with slightly different assumptions on the discount rate, revenue growth, profit margin and forward P/E. What's in the News Astral has scheduled a board meeting on Feb 05, 2026, at 15:00 Indian Standard Time.
ASIANTILES
₹75.42
Asian Granito India
7D
6.1%
1Y
62.8%

With EPS Growth And More, Asian Granito India (NSE:ASIANTILES) Makes An Interesting Case

Apr 11
With EPS Growth And More, Asian Granito India (NSE:ASIANTILES) Makes An Interesting Case
532443
₹5,490.05
Cera Sanitaryware
7D
3.6%
1Y
-3.8%

532443: Upcoming Results Date Will Support Further Re Rating Potential

Analysts have nudged their price target on Cera Sanitaryware slightly lower to about ₹6,397 from roughly ₹6,397 earlier, reflecting minor tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E rather than any major change in their overall view. What's in the News A board meeting is scheduled for February 4, 2026, to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025 (company filing).
500128
₹79.89
Electrosteel Castings
7D
-5.3%
1Y
-23.3%

500128: Upcoming Meetings Will Highlight Concern Over Earnings Sustainability Risks

Analysts have kept the price target for Electrosteel Castings steady at ₹61, reflecting only minor tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E that do not change their overall valuation view. What's in the News A Special or Extraordinary Shareholders Meeting is scheduled via postal ballot in India on April 12, 2026, to consider the reappointment of Mr. Sunil Katial as Whole Time Director and Chief Executive Officer of Electrosteel Castings Limited (company filing).
PRINCEPIPE
₹263.13
Prince Pipes and Fittings
7D
5.8%
1Y
0.05%

PRINCEPIPE: Future P E Re Rating Will Support Upside Potential

Analysts are holding their price target for Prince Pipes and Fittings steady at ₹367, citing updated assumptions for discount rate, revenue growth, profit margin, and a higher future P/E multiple as reasons for leaving their valuation unchanged. What's in the News A board meeting is scheduled on Feb 10, 2026 to consider and approve the unaudited financial results for the quarter and nine months ended Dec 31, 2025, and to take on record the limited review report of the auditors (company filing).
EUROPRATIK
₹266.66
Euro Pratik Sales
7D
11.6%
1Y
n/a
KRN
₹1,202.10
KRN Heat Exchanger and Refrigeration
7D
7.0%
1Y
46.3%
SHANKARA
₹121.54
Shankara Building Products
7D
-5.0%
1Y
-82.0%

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

Feb 16
Shankara Building Products (NSE:SHANKARA) Has A Somewhat Strained Balance Sheet
EUROBOND
₹171.51
Euro Panel Products
7D
-2.5%
1Y
-0.9%
544656
₹236.60
HRS Aluglaze
7D
-14.4%
1Y
n/a
530365
₹295.00
Orient Bell
7D
-8.1%
1Y
13.5%