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Indian (NIFTY) Building Industry Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies62
  • 7D-0.8%
  • 3M-7.0%
  • 1Y-22.1%
  • YTD-21.3%

The Building industry has stayed flat over the last week. As for the longer term, the industry has declined 22% in the last year. 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
Fri, 02 Jan 2026₹1.4t₹612.3b₹25.9b26.2x53.8x2.3x
Sun, 30 Nov 2025₹1.4t₹611.9b₹25.8b27.2x55.7x2.4x
Tue, 28 Oct 2025₹1.5t₹551.7b₹25.1b29.9x61.1x2.8x
Thu, 25 Sep 2025₹1.5t₹547.9b₹23.9b30.4x63.2x2.8x
Sat, 23 Aug 2025₹1.5t₹547.8b₹23.8b31x64.5x2.8x
Mon, 21 Jul 2025₹1.6t₹549.3b₹25.9b28.5x60.1x2.8x
Wed, 18 Jun 2025₹1.5t₹548.9b₹25.8b28.7x58x2.7x
Fri, 16 May 2025₹1.4t₹546.3b₹26.4b27.8x51.4x2.5x
Sun, 13 Apr 2025₹1.3t₹536.6b₹34.9b25.3x37.2x2.4x
Tue, 11 Mar 2025₹1.4t₹536.6b₹34.9b25.4x39.1x2.5x
Thu, 06 Feb 2025₹1.5t₹534.7b₹35.7b28.4x42x2.8x
Sat, 04 Jan 2025₹1.7t₹525.8b₹36.6b31.7x45.9x3.2x
Mon, 02 Dec 2024₹1.6t₹525.5b₹36.5b31.2x44.9x3.1x
Wed, 30 Oct 2024₹1.6t₹521.8b₹37.1b29.7x43.5x3.1x
Fri, 27 Sep 2024₹1.8t₹517.5b₹37.0b30.6x49.2x3.5x
Sun, 25 Aug 2024₹1.7t₹514.7b₹36.8b32.4x47.1x3.4x
Tue, 23 Jul 2024₹1.8t₹499.4b₹34.4b32x51.7x3.6x
Thu, 20 Jun 2024₹1.7t₹498.5b₹34.3b32.6x50.6x3.5x
Sat, 18 May 2024₹1.7t₹497.4b₹34.2b34.1x50x3.4x
Mon, 15 Apr 2024₹1.6t₹482.8b₹33.0b34.1x47.2x3.2x
Wed, 13 Mar 2024₹1.5t₹482.4b₹33.0b31.9x46.1x3.2x
Fri, 09 Feb 2024₹1.5t₹481.6b₹31.0b34.3x49.1x3.2x
Sun, 07 Jan 2024₹1.4t₹476.2b₹29.6b34.1x48.6x3x
Tue, 05 Dec 2023₹1.5t₹475.9b₹29.6b34x50.7x3.2x
Thu, 02 Nov 2023₹1.4t₹472.1b₹26.8b37x51.2x2.9x
Sat, 30 Sep 2023₹1.4t₹465.3b₹25.2b35.1x54.7x3x
Mon, 28 Aug 2023₹1.4t₹465.3b₹25.2b32.4x54.9x3x
Wed, 26 Jul 2023₹1.3t₹460.6b₹24.8b31.8x53.9x2.9x
Fri, 23 Jun 2023₹1.3t₹458.7b₹24.6b34x54.5x2.9x
Sun, 21 May 2023₹1.2t₹460.0b₹25.0b29.2x46.6x2.5x
Tue, 18 Apr 2023₹1.1t₹445.7b₹23.0b31.2x46.3x2.4x
Thu, 16 Mar 2023₹1.0t₹445.7b₹23.0b30.1x44.4x2.3x
Sat, 11 Feb 2023₹1.0t₹440.4b₹23.0b24.2x45.4x2.4x
Mon, 09 Jan 2023₹1.1t₹431.2b₹24.7b25.1x42.8x2.4x
Price to Earnings Ratio

42.8x


Total Market Cap: ₹1.1tTotal Earnings: ₹24.7bTotal Revenue: ₹431.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 49.7x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Building industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 53.8x which is higher than its 3-year average PE of 49.7x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.3x.
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 Market0.16%
Industrials-0.061%
Building-0.79%
Building Products-0.79%
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₹1.43k2.7%
+₹10.3b		-12.9%PE75.7x
PRINCEPIPE Prince Pipes and Fittings₹267.207.0%
+₹1.9b		-37.9%PE127.3x
NITCO NITCO₹101.169.1%
+₹1.9b		-24.9%PS5.1x
EUROPRATIK Euro Pratik Sales₹311.405.4%
+₹1.6b		n/aPE47.3x
KRN KRN Heat Exchanger and Refrigeration₹743.852.1%
+₹951.0m		-6.2%PE78.3x

Latest News

ASTRAL
₹1,434.90
Astral
7D
2.7%
1Y
-12.9%

Astral (NSE:ASTRAL) Has A Pretty Healthy Balance Sheet

Jan 02
Astral (NSE:ASTRAL) Has A Pretty Healthy Balance Sheet
KRN
₹743.85
KRN Heat Exchanger and Refrigeration
7D
2.1%
1Y
-6.2%
530365
₹307.45
Orient Bell
7D
14.6%
1Y
-4.5%
NITCO
₹101.16
NITCO
7D
9.1%
1Y
-24.9%
526951
₹2,251.60
Stylam Industries
7D
-2.1%
1Y
-2.2%
531761
₹294.45
Apollo Pipes
7D
-4.5%
1Y
-36.4%

531761: Upcoming Board Meeting Will Signal Confidence Despite Modestly Softer Margins

Analysts have trimmed their price target on Apollo Pipes by about ₹6 to ₹359.25, citing slightly softer expectations for revenue growth and profit margins, even as they factor in a richer future valuation multiple. What's in the News A board meeting is scheduled for October 29, 2025, at 15:15 IST to review and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
PRINCEPIPE
₹267.20
Prince Pipes and Fittings
7D
7.0%
1Y
-37.9%

PRINCEPIPE: Improved Margin Outlook Will Drive Future Upside Despite GST Notice

Analysts have nudged up their price target for Prince Pipes and Fittings to ₹501.93 from ₹501.77, citing slightly stronger expectations for revenue growth and profit margins that more than offset a modestly lower assumed future price to earnings multiple and discount rate. What's in the News A board meeting is scheduled for November 7, 2025, to consider and approve unaudited financial results for the quarter and half year ended September 30, 2025, along with the auditor's limited review report (Key Developments).
500067
₹1,773.75
Blue Star
7D
-0.2%
1Y
-22.6%
500128
₹77.03
Electrosteel Castings
7D
0.7%
1Y
-47.1%

500128: Upcoming Meetings Will Support Stable Outlook With Balanced Risks And Opportunities

Narrative Update on Electrosteel Castings Analysts have maintained their price target for Electrosteel Castings at ₹81.00, reflecting only marginal model tweaks to discount rates, revenue growth, profit margins, and future valuation multiples while keeping their overall outlook unchanged. What's in the News Board meeting scheduled for November 10, 2025, to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to address other routine business matters (company filing).
ASIANTILES
₹76.52
Asian Granito India
7D
-1.7%
1Y
6.8%
500233
₹963.30
Kajaria Ceramics
7D
-1.0%
1Y
-15.9%
SEJALLTD
₹853.55
Sejal Glass
7D
-3.7%
1Y
37.0%
524091
₹904.55
Carysil
7D
0.5%
1Y
20.2%

524091: Capacity Expansion Will Drive Future Earnings Momentum

Analysts have modestly raised their price target on Carysil to ₹1,165 per share (from ₹1,165), reflecting slightly higher discount rate and valuation assumptions while keeping long term growth and margin expectations broadly unchanged. What's in the News Carysil has scheduled a board meeting on November 10, 2025 to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
EUROPRATIK
₹311.40
Euro Pratik Sales
7D
5.4%
1Y
n/a
526423
₹80.92
Kriti Industries (India)
7D
-6.5%
1Y
-50.3%
531548
₹394.70
Somany Ceramics
7D
-3.7%
1Y
-39.6%