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Indian (NIFTY) Building Industry Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies64
  • 7D-5.0%
  • 3M-1.7%
  • 1Y-6.4%
  • YTD-2.5%

Over the last 7 days, the Building industry has dropped 5.0%, driven by a pullback from Blue Star of 8.3%. Meanwhile, Electrosteel Castings actually outperformed within the industry, gaining 9.5% in the last week. Overall the industry is down 6.4% in 12 months. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Mar 2026₹1.8t₹723.3b₹38.6b22.8x47.1x2.5x
Thu, 19 Feb 2026₹2.0t₹721.9b₹38.5b26.2x52.3x2.8x
Sat, 17 Jan 2026₹1.4t₹612.3b₹25.9b25.7x54.6x2.3x
Mon, 15 Dec 2025₹1.4t₹611.9b₹25.8b26.2x55x2.3x
Wed, 12 Nov 2025₹1.5t₹556.2b₹25.2b28.5x59.3x2.7x
Fri, 10 Oct 2025₹1.5t₹548.0b₹23.9b28.3x61.9x2.7x
Sun, 07 Sep 2025₹1.5t₹548.2b₹23.9b29.5x63.3x2.8x
Tue, 05 Aug 2025₹1.5t₹549.9b₹26.1b29.8x56.8x2.7x
Thu, 03 Jul 2025₹1.5t₹549.0b₹25.9b26.6x58.9x2.8x
Sat, 31 May 2025₹1.4t₹550.6b₹26.6b26.7x53.7x2.6x
Mon, 28 Apr 2025₹1.3t₹536.6b₹34.9b27.3x36.9x2.4x
Wed, 26 Mar 2025₹1.4t₹536.6b₹34.9b25.5x39.9x2.6x
Fri, 21 Feb 2025₹1.4t₹535.7b₹34.8b26.5x39.4x2.6x
Sun, 19 Jan 2025₹1.5t₹526.2b₹36.6b28.7x41x2.9x
Tue, 17 Dec 2024₹1.7t₹525.8b₹36.6b33.7x47.1x3.3x
Thu, 14 Nov 2024₹1.6t₹526.5b₹36.2b30.1x43x3x
Sat, 12 Oct 2024₹1.8t₹520.6b₹37.4b30.9x47.4x3.4x
Mon, 09 Sep 2024₹1.7t₹515.0b₹36.8b31x46.6x3.3x
Wed, 07 Aug 2024₹1.7t₹505.3b₹35.8b32.5x48x3.4x
Fri, 05 Jul 2024₹1.8t₹499.4b₹34.4b34.4x53.2x3.7x
Sun, 02 Jun 2024₹1.6t₹499.4b₹33.8b34.9x47.8x3.2x
Tue, 30 Apr 2024₹1.6t₹483.1b₹32.9b34.5x49.1x3.3x
Thu, 28 Mar 2024₹1.5t₹482.4b₹33.0b30.8x45.5x3.1x
Sat, 24 Feb 2024₹1.6t₹482.4b₹33.0b33.2x47.7x3.3x
Mon, 22 Jan 2024₹1.5t₹476.9b₹29.7b35.1x50x3.1x
Wed, 20 Dec 2023₹1.5t₹475.9b₹29.6b34.4x49.7x3.1x
Fri, 17 Nov 2023₹1.4t₹475.9b₹29.6b32.5x48.7x3x
Sun, 15 Oct 2023₹1.4t₹465.3b₹25.2b37.2x55.3x3x
Tue, 12 Sep 2023₹1.4t₹465.3b₹25.2b35.8x55.1x3x
Thu, 10 Aug 2023₹1.4t₹465.1b₹25.3b34.5x54.1x2.9x
Sat, 08 Jul 2023₹1.3t₹458.8b₹24.6b32.5x51.6x2.8x
Mon, 05 Jun 2023₹1.3t₹459.0b₹24.6b30.2x51x2.7x
Wed, 03 May 2023₹1.1t₹445.9b₹23.0b28x46.2x2.4x
Fri, 31 Mar 2023₹991.0b₹445.7b₹23.0b25.1x43.2x2.2x
Price to Earnings Ratio

43.2x


Total Market Cap: ₹991.0bTotal Earnings: ₹23.0bTotal Revenue: ₹445.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 50.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Building industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 47.1x which is lower than its 3-year average PE of 50.4x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.5x.
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 18% 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 Market-3.57%
Industrials-4.48%
Building-5.04%
Building Products-5.04%
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
500128 Electrosteel Castings₹75.039.5%
+₹4.0b
-24.9%PE14.8x
NITCO NITCO₹82.4113.4%
+₹2.2b
-28.8%PE55.9x
KRN KRN Heat Exchanger and Refrigeration₹896.753.9%
+₹2.1b
0.03%PE82x
532443 Cera Sanitaryware₹4.70k2.2%
+₹1.3b
-16.5%PE28.6x
531761 Apollo Pipes₹416.204.5%
+₹795.1m
11.6%PE112.7x

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