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Indian (NIFTY) Building Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies62
  • 7D-0.7%
  • 3M-12.2%
  • 1Y-11.4%
  • YTD-4.4%

Last week, the Building industry hasn't moved much but Astral is up 3.4% in that time. As for the longer term, the industry has declined 11% in the last year. 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
Fri, 30 Jan 2026₹1.4t₹613.0b₹26.1b25.5x51.9x2.2x
Sun, 28 Dec 2025₹1.4t₹612.3b₹25.9b27.1x53.9x2.3x
Tue, 25 Nov 2025₹1.5t₹612.1b₹25.9b23.5x56.2x2.4x
Thu, 23 Oct 2025₹1.5t₹551.7b₹25.1b29.1x61.4x2.8x
Sat, 20 Sep 2025₹1.5t₹547.8b₹23.9b32x64x2.8x
Mon, 18 Aug 2025₹1.4t₹546.7b₹24.3b29.1x59.5x2.6x
Wed, 16 Jul 2025₹1.6t₹549.3b₹25.9b28.5x60.1x2.8x
Fri, 13 Jun 2025₹1.5t₹548.9b₹25.8b29.6x57.3x2.7x
Sun, 11 May 2025₹1.3t₹547.6b₹26.7b28.6x48x2.3x
Tue, 08 Apr 2025₹1.3t₹536.6b₹34.9b24.9x37x2.4x
Thu, 06 Mar 2025₹1.4t₹535.7b₹34.8b24.7x39.6x2.6x
Sat, 01 Feb 2025₹1.5t₹534.0b₹37.1b28.1x39.3x2.7x
Mon, 30 Dec 2024₹1.6t₹525.8b₹36.6b31.1x44.1x3.1x
Wed, 27 Nov 2024₹1.6t₹525.5b₹36.5b31.7x44.5x3.1x
Fri, 25 Oct 2024₹1.6t₹521.3b₹37.2b30.5x43.7x3.1x
Sun, 22 Sep 2024₹1.8t₹516.9b₹36.9b30.7x47.9x3.4x
Tue, 20 Aug 2024₹1.7t₹514.3b₹36.8b31.9x46.4x3.3x
Thu, 18 Jul 2024₹1.8t₹499.4b₹34.4b34.4x52.6x3.6x
Sat, 15 Jun 2024₹1.7t₹498.7b₹34.3b32.4x51x3.5x
Mon, 13 May 2024₹1.6t₹491.3b₹32.0b37.9x49.5x3.2x
Wed, 10 Apr 2024₹1.6t₹482.8b₹33.0b34.8x47.8x3.3x
Fri, 08 Mar 2024₹1.6t₹482.4b₹33.0b33.4x47.1x3.2x
Sun, 04 Feb 2024₹1.5t₹483.2b₹30.9b36.5x50.1x3.2x
Tue, 02 Jan 2024₹1.4t₹475.9b₹29.6b33.9x48.8x3x
Thu, 30 Nov 2023₹1.5t₹475.9b₹29.6b32.8x49.5x3.1x
Sat, 28 Oct 2023₹1.3t₹468.1b₹26.4b35.6x50.2x2.8x
Mon, 25 Sep 2023₹1.3t₹465.3b₹25.2b35.1x53.5x2.9x
Wed, 23 Aug 2023₹1.4t₹465.3b₹25.2b32.4x55x3x
Fri, 21 Jul 2023₹1.3t₹459.6b₹24.6b32.2x54.3x2.9x
Sun, 18 Jun 2023₹1.3t₹458.7b₹24.6b33.5x53.8x2.9x
Tue, 16 May 2023₹1.1t₹453.8b₹24.6b29.6x46.5x2.5x
Thu, 13 Apr 2023₹1.0t₹445.7b₹23.0b30.8x45.7x2.4x
Sat, 11 Mar 2023₹1.1t₹445.7b₹23.0b30.6x45.9x2.4x
Mon, 06 Feb 2023₹1.1t₹437.3b₹23.9b24x44.1x2.4x
Price to Earnings Ratio

44.1x


Total Market Cap: ₹1.1tTotal Earnings: ₹23.9bTotal Revenue: ₹437.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 50x202420252026
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 50.0x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Building industry have grown 2.9% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market0.30%
Industrials2.12%
Building-0.70%
Building Products-0.70%
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₹1.48k6.7%
+₹24.9b		-2.0%PE77.9x
500067 Blue Star₹1.82k7.0%
+₹24.6b		-0.06%PE75.6x
KRN KRN Heat Exchanger and Refrigeration₹638.356.7%
+₹2.5b		-19.6%PE67.2x
524091 Carysil₹791.855.2%
+₹1.1b		14.4%PE27.8x
531548 Somany Ceramics₹409.707.0%
+₹1.1b		-19.6%PE26x

Latest News

531548
₹405.60
Somany Ceramics
7D
4.3%
1Y
-19.0%
ASTRAL
₹1,460.80
Astral
7D
3.4%
1Y
-0.5%
PRINCEPIPE
₹237.15
Prince Pipes and Fittings
7D
-2.5%
1Y
-33.8%
530365
₹270.95
Orient Bell
7D
3.8%
1Y
-0.3%
SEJALLTD
₹667.65
Sejal Glass
7D
-6.7%
1Y
47.9%

Some Confidence Is Lacking In Sejal Glass Limited (NSE:SEJALLTD) As Shares Slide 26%

Jan 28
Some Confidence Is Lacking In Sejal Glass Limited (NSE:SEJALLTD) As Shares Slide 26%
500128
₹70.07
Electrosteel Castings
7D
-3.5%
1Y
-44.6%

500128: Upcoming Board Meeting Will Support Bullish View On Stable Earnings Assumptions

Analysts have kept their fair value estimate for Electrosteel Castings steady at ₹81.0, with only marginal tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E. This reflects fine tuning of assumptions rather than a shift in conviction.
524091
₹767.50
Carysil
7D
0.9%
1Y
8.9%

524091: Steady Outlook And Upcoming Results Date Will Support Future Upside

Analysts have kept their fair value estimate for Carysil steady at ₹1,165, with only marginal tweaks to inputs like the discount rate and assumed future P/E. This reflects fine tuning of their models rather than a change in their core view.
531761
₹264.85
Apollo Pipes
7D
2.0%
1Y
-37.8%

531761: Upcoming Board Review Will Support Ongoing Confidence In Undervalued Potential

Analysts have kept their price target for Apollo Pipes broadly in line with prior views, with the fair value steady at ₹345.50, as small tweaks to discount rate, growth and profit margin assumptions did not materially alter their overall assessment. What's in the News Apollo Pipes has scheduled a Board Meeting for January 29, 2026.
GREENLAM
₹241.93
Greenlam Industries
7D
-4.1%
1Y
-12.1%

GREENLAM: Earnings Multiple And Margins Will Shape Steady Fairly Valued Outlook

Analysts have left their fair value estimate for Greenlam Industries unchanged at ₹235.00, citing slightly higher assumed revenue growth and profit margin, which is partly offset by a modestly higher discount rate and a lower future P/E multiple. What's in the News Board meeting scheduled on Jan 29, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
500233
₹890.90
Kajaria Ceramics
7D
-10.3%
1Y
-10.3%

Playing the Long Game in a Soft Market

Kajaria Ceramics has long been India’s flagship tiles and ceramics maker, known for strong brands like Kajaria, GresBond and Eternity. I've personally been a follower of them for a while now, and put considerable trust in the decision making prowess of the current managing director, who long-term Kajaria-heads like myself affectionally name "Uncle Kajar".
NITCO
₹81.48
NITCO
7D
-5.8%
1Y
-36.5%
532443
₹4,966.45
Cera Sanitaryware
7D
-1.2%
1Y
-24.8%
500067
₹1,731.25
Blue Star
7D
1.1%
1Y
-3.9%

500067: Future Board Decisions On Results Will Likely Expose Overvaluation

Analysts now place their price target for Blue Star at ₹1,404.98, compared with the prior ₹1,340.39, citing updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple as the key drivers of this change. What's in the News Blue Star has scheduled a board meeting 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).
EUROPRATIK
₹233.70
Euro Pratik Sales
7D
-7.7%
1Y
n/a
PPL
₹212.24
Prakash Pipes
7D
6.8%
1Y
-52.4%