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Indian (NIFTY) Building Industry Analysis

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies62
  • 7D-2.7%
  • 3M-12.3%
  • 1Y-14.0%
  • YTD-3.9%

Over the last 7 days, the Building industry has dropped 2.7%, driven by Astral declining 7.8%. The industry has fallen 14% 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
Wed, 21 Jan 2026₹1.4t₹612.3b₹25.9b25.4x52.5x2.2x
Fri, 19 Dec 2025₹1.4t₹612.3b₹25.9b26.5x55.2x2.3x
Sun, 16 Nov 2025₹1.5t₹558.4b₹25.9b28.1x57.4x2.7x
Tue, 14 Oct 2025₹1.5t₹551.0b₹24.6b28.7x62x2.8x
Thu, 11 Sep 2025₹1.5t₹548.2b₹23.9b31.5x62.9x2.7x
Sat, 09 Aug 2025₹1.5t₹545.6b₹24.0b29.5x61.5x2.7x
Mon, 07 Jul 2025₹1.5t₹549.3b₹25.9b27.6x59.5x2.8x
Wed, 04 Jun 2025₹1.4t₹549.3b₹25.8b29.2x55.4x2.6x
Fri, 02 May 2025₹1.3t₹536.6b₹34.9b26.8x36.3x2.4x
Sun, 30 Mar 2025₹1.4t₹536.6b₹34.9b24.8x39.1x2.5x
Tue, 25 Feb 2025₹1.4t₹535.7b₹34.8b25.8x38.9x2.5x
Thu, 23 Jan 2025₹1.5t₹526.2b₹36.6b28.4x40.3x2.8x
Sat, 21 Dec 2024₹1.6t₹525.8b₹36.6b32.4x44.3x3.1x
Mon, 18 Nov 2024₹1.6t₹525.5b₹36.5b29x43.1x3x
Wed, 16 Oct 2024₹1.8t₹520.6b₹37.4b30.5x47.5x3.4x
Fri, 13 Sep 2024₹1.8t₹516.9b₹36.9b30.4x47.5x3.4x
Sun, 11 Aug 2024₹1.7t₹513.3b₹36.7b31.9x47.4x3.4x
Tue, 09 Jul 2024₹1.8t₹499.4b₹34.4b34.4x52.9x3.6x
Thu, 06 Jun 2024₹1.6t₹490.9b₹33.8b33.2x47.2x3.3x
Sat, 04 May 2024₹1.6t₹490.6b₹32.3b33.8x49.4x3.3x
Mon, 01 Apr 2024₹1.5t₹482.4b₹33.0b30.4x45.2x3.1x
Wed, 28 Feb 2024₹1.6t₹482.4b₹33.0b32.5x47.8x3.3x
Fri, 26 Jan 2024₹1.5t₹476.8b₹29.6b34.7x49.7x3.1x
Sun, 24 Dec 2023₹1.5t₹475.9b₹29.6b33.3x49.5x3.1x
Tue, 21 Nov 2023₹1.4t₹475.9b₹29.6b32.6x48.7x3x
Thu, 19 Oct 2023₹1.4t₹465.3b₹25.2b38.1x56.6x3.1x
Sat, 16 Sep 2023₹1.4t₹465.3b₹25.2b34.6x54.3x2.9x
Mon, 14 Aug 2023₹1.4t₹465.2b₹25.2b33.3x54.2x2.9x
Wed, 12 Jul 2023₹1.3t₹458.8b₹24.6b32.1x51.6x2.8x
Fri, 09 Jun 2023₹1.3t₹458.9b₹24.6b30.8x52.8x2.8x
Sun, 07 May 2023₹1.1t₹450.1b₹24.2b28.1x45x2.4x
Tue, 04 Apr 2023₹1.0t₹445.7b₹23.0b27x43.6x2.2x
Thu, 02 Mar 2023₹1.0t₹445.7b₹23.0b30.1x45.4x2.3x
Sat, 28 Jan 2023₹1.0t₹432.3b₹24.7b22.9x41.7x2.4x
Price to Earnings Ratio

41.7x


Total Market Cap: ₹1.0tTotal Earnings: ₹24.7bTotal Revenue: ₹432.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 49.9x202420252026
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 49.9x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 12% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Indian Industrials industry?

IN Market-2.63%
Industrials-3.51%
Building-2.70%
Building Products-2.70%
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
GREENLAM Greenlam Industries₹247.352.3%
+₹1.4b		-16.4%PE198.6x
500128 Electrosteel Castings₹72.830.9%
+₹383.3m		-40.8%PE9.1x
ALUWIND Aluwind Infra-Tech₹67.953.0%
+₹48.5m		3.0%PE15.5x
AERON Aeron Composite₹97.401.5%
+₹23.8m		-37.8%PE11.9x
505685 Taparia Tools₹16.2310.2%
+₹22.8m		60.4%PE0.2x

Latest News

ASTRAL
₹1,347.80
Astral
7D
-7.8%
1Y
-7.4%

Some Confidence Is Lacking In Astral Limited's (NSE:ASTRAL) P/E

Jan 21
Some Confidence Is Lacking In Astral Limited's (NSE:ASTRAL) P/E
500233
₹964.20
Kajaria Ceramics
7D
-3.0%
1Y
-6.6%

500233: Leadership Transition And Higher Margins Will Shape A Balanced Outlook

Analysts have lifted their price target for Kajaria Ceramics from ₹875.21 to ₹988.98, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E that alter their view of the company’s risk and earnings profile. What's in the News Kajaria Ceramics approved the re designation and appointment of Rishi Kajaria as Managing Director for five years from October 1, 2025 to September 30, 2030 through special resolutions passed by postal ballot, following shareholder e voting that met the required majority (Key Developments).
KRN
₹620.70
KRN Heat Exchanger and Refrigeration
7D
-14.0%
1Y
-25.3%
520121
₹11.58
Arcee Industries
7D
10.0%
1Y
90.1%
530429
₹32.57
Ashish Polyplast
7D
8.8%
1Y
-33.6%
500128
₹72.83
Electrosteel Castings
7D
0.9%
1Y
-40.8%

500128: Upcoming Governance Meetings Will Support Bullish Outlook On Steady Earnings Assumptions

Analysts have kept their fair value estimate for Electrosteel Castings steady at ₹81.0, with only marginal tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E guiding this unchanged price target. What's in the News Board meeting scheduled for Nov 10, 2025, at 11:30 Indian Standard Time to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended Sep 30, 2025 (company filing).
EUROPRATIK
₹244.30
Euro Pratik Sales
7D
-9.1%
1Y
n/a
531761
₹254.35
Apollo Pipes
7D
-12.9%
1Y
-40.9%

531761: Upcoming Results Meeting Will Reinforce Confidence Despite Slightly Softer Assumptions

The analyst fair value estimate for Apollo Pipes has shifted from ₹359.25 to ₹345.50, with analysts pointing to updated assumptions around revenue growth, profit margins and a slightly higher discount rate, partly offset by a higher future P/E multiple. What's in the News Board meeting scheduled for Oct 29, 2025, at 15:15 Indian Standard Time to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended Sep 30, 2025 (company filing).
SEJALLTD
₹692.40
Sejal Glass
7D
-11.8%
1Y
23.6%

Here's Why We Think Sejal Glass (NSE:SEJALLTD) Might Deserve Your Attention Today

Jan 11
Here's Why We Think Sejal Glass (NSE:SEJALLTD) Might Deserve Your Attention Today
526193
₹22.26
Royal Cushion Vinyl Products
7D
1.9%
1Y
-19.1%
GREENLAM
₹247.35
Greenlam Industries
7D
2.3%
1Y
-16.4%

GREENLAM: Earnings Multiple And Margins Will Guide Fairly Valued Outlook

Analysts have kept their price target for Greenlam Industries steady at ₹235, with small tweaks to revenue growth, profit margin and future P/E assumptions shaping this updated view. What's in the News Board meeting scheduled on November 8, 2025, at 15:30 Indian Standard Time to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (Key Developments).
500067
₹1,714.05
Blue Star
7D
-5.4%
1Y
-8.8%

500067: Upcoming Results Will Confirm Earnings Resilience And Supportive Board Review

Analysts have maintained their fair value estimate for Blue Star at ₹2,178, noting only minor adjustments in assumptions related to the discount rate, revenue growth, profit margin and future P/E to reflect updated views on the company’s risk and earnings profile. What's in the News Board meeting scheduled 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).
NITCO
₹79.50
NITCO
7D
-10.9%
1Y
-43.6%
505685
₹16.23
Taparia Tools
7D
10.2%
1Y
60.4%
ALUWIND
₹67.95
Aluwind Infra-Tech
7D
3.0%
1Y
3.0%

Impressive Earnings May Not Tell The Whole Story For Aluwind Infra-Tech (NSE:ALUWIND)

Nov 20
Impressive Earnings May Not Tell The Whole Story For Aluwind Infra-Tech (NSE:ALUWIND)
AERON
₹97.40
Aeron Composite
7D
1.5%
1Y
-37.8%