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Indian (NIFTY) Building Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies63
  • 7D1.9%
  • 3M5.1%
  • 1Y4.4%
  • YTD7.5%

In the last week, the Building industry is up 1.9%, with Supreme Industries up 3.8%. This takes the industry's 12 month performance to a gain of 4.4%. Looking forward, 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
Mon, 23 Feb 2026₹2.0t₹721.9b₹38.5b26.4x51.9x2.8x
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
Price to Earnings Ratio

45.4x


Total Market Cap: ₹1.0tTotal Earnings: ₹23.0bTotal Revenue: ₹445.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 50.2x202420252026
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 50.2x.
  • 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 Market0.28%
Industrials1.34%
Building1.92%
Building Products1.92%
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
SUPREMEIND Supreme Industries₹3.92k3.8%
+₹18.2b		6.8%PE61.1x
ASTRAL Astral₹1.64k2.5%
+₹10.8b		18.0%PE87.4x
KRN KRN Heat Exchanger and Refrigeration₹879.1022.9%
+₹10.2b		3.9%PE80.4x
500233 Kajaria Ceramics₹993.705.6%
+₹8.4b		12.7%PE39x
EUROPRATIK Euro Pratik Sales₹258.7410.8%
+₹2.6b		n/aPE37.6x

Latest News

500067
₹1,968.25
Blue Star
7D
-1.4%
1Y
2.9%

500067: Upcoming Board Review Will Likely Reinforce Persistent Overvaluation Concerns

Analysts have raised their price target on Blue Star to ₹1,364, citing slightly higher assumed revenue growth, a modestly stronger profit margin, a lower discount rate, and a marginally reduced future P/E multiple in their updated models. What's in the News A board meeting is scheduled on January 29, 2026, to review 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).
500233
₹993.70
Kajaria Ceramics
7D
5.6%
1Y
12.7%
ASTRAL
₹1,636.60
Astral
7D
2.5%
1Y
18.0%

ASTRAL: Upcoming Results Meeting Will Clarify Balanced Risk Reward Outlook

Astral's analyst price target has been revised modestly higher from ₹1,673 to ₹1,695, with analysts pointing to updated assumptions that reflect slightly stronger revenue growth, a small improvement in profit margins, and a lower discount rate, partially offset by a modestly reduced future P/E multiple. What's in the News A board meeting is scheduled for Feb 05, 2026, at 15:00 Indian Standard Time to review and approve unaudited standalone and consolidated financial results.
PRINCEPIPE
₹259.66
Prince Pipes and Fittings
7D
-2.4%
1Y
-6.0%
544332
₹247.80
Fabtech Technologies Cleanrooms
7D
-14.6%
1Y
-18.7%
500128
₹70.54
Electrosteel Castings
7D
-3.6%
1Y
-30.4%

500128: Upcoming Board Meeting Will Highlight Risk From Compressed Profitability Assumptions

Analysts have revised their price target on Electrosteel Castings from ₹81 to ₹61, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E that lead to a lower fair value estimate. What's in the News A board meeting is scheduled for February 6, 2026, to consider and approve the unaudited consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
524091
₹943.55
Carysil
7D
-3.4%
1Y
74.5%

524091: Upcoming Results And Improved Margin Outlook Will Support Future Upside

Analysts have nudged their fair value estimate on Carysil higher from ₹1,165 to about ₹1,206, citing updated assumptions on discount rate, revenue growth, profit margins and future P/E that better reflect their current expectations for the business. What's in the News Carysil has scheduled a board meeting on February 4, 2026, to consider and approve its unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
531548
₹406.50
Somany Ceramics
7D
1.4%
1Y
-7.3%

531548: Upcoming Results And Leadership Change Will Support Bullish Outlook

Analysts have trimmed their price target on Somany Ceramics from ₹664.00 to ₹632.00, citing slightly softer assumptions on revenue growth and profit margins, along with the use of a marginally lower discount rate and a modestly higher future P/E multiple in their updated view. What's in the News Board meeting scheduled for January 28, 2026 at 14:00 IST to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
531761
₹333.25
Apollo Pipes
7D
4.3%
1Y
2.3%

531761: Upcoming Board Review Will Highlight Risk From Weaker Profitability Assumptions

The analyst price target for Apollo Pipes has moved from ₹345.50 to ₹292.00 as analysts factor in updated assumptions for revenue growth, profit margins, a lower future P/E multiple, and a slightly reduced discount rate. What's in the News Apollo Pipes has scheduled a Board Meeting for January 29, 2026, to consider and approve its unaudited standalone financial results for the quarter ended December 31, 2025 (Key Developments).
EUROPRATIK
₹258.74
Euro Pratik Sales
7D
10.8%
1Y
n/a
KRN
₹879.10
KRN Heat Exchanger and Refrigeration
7D
22.9%
1Y
3.9%
SUPREMEIND
₹3,918.30
Supreme Industries
7D
3.8%
1Y
6.8%

SUPREMEIND: Upcoming Results And New Order Will Support Bullish Outlook

Analysts have reset their price target on Supreme Industries to ₹4,716.74, reflecting updated views on the company’s risk profile, revenue growth of 17.21%, profit margin of 10.99% and a forward P/E of 47.65x. What's in the News Board meeting scheduled on January 21, 2026 at 11:00 Indian Standard Time to consider unaudited financial results for the third quarter ended December 31, 2025, covering both consolidated and standalone accounts (company filing).
532443
₹5,081.55
Cera Sanitaryware
7D
-0.7%
1Y
-12.7%

532443: Future P/E Reset Will Support Attractive Upside Potential

Analysts have trimmed their price target for Cera Sanitaryware from ₹7,245.13 to ₹6,444.75, reflecting updated views on slightly lower revenue growth, a modestly softer profit margin, and a reduced future P/E multiple in their models. What's in the News A board meeting is scheduled for February 4, 2026, to consider and approve unaudited financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
GREENLAM
₹242.92
Greenlam Industries
7D
-2.2%
1Y
-8.4%

GREENLAM: Richer Future P/E Will Sustain An Overvalued Earnings Outlook

Analysts now see fair value for Greenlam Industries at ₹229, down from ₹235. This reflects a refreshed view that pairs slightly softer revenue growth expectations with a modestly higher profit margin and a richer future P/E assumption.
ASIANTILES
₹69.81
Asian Granito India
7D
1.5%
1Y
47.9%
SEJALLTD
₹628.25
Sejal Glass
7D
-7.1%
1Y
74.6%