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Indian (NIFTY) Building Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies63
  • 7D-1.1%
  • 3M8.5%
  • 1Y4.5%
  • YTD6.5%

Over the last 7 days, the Building industry has dropped 1.1%, driven by KRN Heat Exchanger and Refrigeration declining 7.2%. This takes the industry's 12 month performance to a gain of 4.5%. 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
Mon, 09 Mar 2026₹2.0t₹721.9b₹38.5b25x51.4x2.7x
Wed, 04 Feb 2026₹1.4t₹615.1b₹25.4b24.1x55.4x2.3x
Fri, 02 Jan 2026₹1.4t₹612.3b₹25.9b26.2x54.6x2.3x
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
Price to Earnings Ratio

44.4x


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 50.3x202420252026
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 50.3x.
  • 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 Market-3.02%
Industrials-2.80%
Building-1.07%
Building Products-1.07%
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
500067 Blue Star₹1.95k2.4%
+₹9.5b		-6.3%PE81x
ASTRAL Astral₹1.69k1.2%
+₹5.2b		31.0%PE90.2x
ASIANTILES Asian Granito India₹66.67-3.1%
₹3.8b		42.8%PE25.9x
KRN KRN Heat Exchanger and Refrigeration₹926.450.9%
+₹491.0m		-1.7%PE84.7x
GREENLAM Greenlam Industries₹234.040.8%
+₹469.5m		-2.8%PE316.3x

Latest News

SUPREMEIND
₹3,947.70
Supreme Industries
7D
-0.2%
1Y
18.9%

SUPREMEIND: Higher Discount Rate And Governance Shift Will Pressure Future Returns

Analysts have reduced their price target on Supreme Industries from ₹3,103 to ₹2,953, citing updated assumptions around the discount rate, revenue growth, margins, and future P/E multiples. What's in the News A board meeting is scheduled on Feb 17, 2026 to consider electing Managing Director M.
526951
₹2,234.45
Stylam Industries
7D
1.0%
1Y
34.4%

526951: Future Control Change Will Likely Limit Upside From Fairly Valued Shares

Analysts have increased their price target on Stylam Industries from ₹1,948 to ₹2,112, citing updated assumptions for revenue growth, profit margins and forward P/E that support a higher fair value estimate. What's in the News Aica Kogyo Company, Limited completed the acquisition of a 27.12268% stake in Stylam Industries from members of the Gupta family on February 17, 2026, for a cash consideration of ₹2,250 per share, following earlier share purchase agreements announced in December 2025 (Key Developments).
500067
₹1,948.30
Blue Star
7D
2.4%
1Y
-6.3%

500067: Upcoming Board Meeting Will Likely Confirm Persistent Overvaluation Risk

Analysts have lifted their price target on Blue Star to ₹1,364, citing slightly lower required returns, as well as modestly higher assumptions for revenue growth, profit margins and future P/E. What's in the News A board meeting is scheduled for January 29, 2026 to consider and approve unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, along with other business matters (company filing).
ASTRAL
₹1,689.20
Astral
7D
1.2%
1Y
31.0%

ASTRAL: Upcoming Results Meeting Will Clarify Fairly Balanced Risk Reward Profile

The analyst fair value estimate for Astral has inched up from ₹1,695.22 to ₹1,700.78, with analysts pointing to small refinements in discount rate, revenue growth, profit margin, and future P/E assumptions rather than any major shift in their outlook. What's in the News Board meeting scheduled on Feb 05, 2026 at 15:00 IST to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
KRN
₹926.45
KRN Heat Exchanger and Refrigeration
7D
0.9%
1Y
-1.7%
500128
₹63.34
Electrosteel Castings
7D
-6.6%
1Y
-36.2%

500128: Upcoming Results Meeting Will Expose Risk In Earnings Assumptions

Analysts have kept the fair value estimate for Electrosteel Castings steady at ₹61.00, making only very small tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions that support this unchanged price target. What's in the News A board meeting is scheduled for February 6, 2026, to consider and approve the unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
531548
₹375.45
Somany Ceramics
7D
-3.4%
1Y
-13.5%

531548: Upcoming Results And New HR Leadership Will Support Bullish Outlook

Analysts have kept their fair value estimate for Somany Ceramics steady at ₹632.0, with only modest tweaks to assumptions on discount rate, revenue, profit margin and future P/E supporting this unchanged price target. What's in the News Board meeting scheduled for Jan 28, 2026, at 14:00 Indian Standard Time to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
532443
₹4,746.25
Cera Sanitaryware
7D
-0.8%
1Y
-13.8%

532443: Stable Margins And Modest P/E Reset Will Underpin Future Upside

Analysts have trimmed their fair value estimate for Cera Sanitaryware slightly, with the price target easing by about ₹13 to ₹6,431.88 as they update assumptions on discount rate, profit margin and future P/E, while keeping revenue growth expectations broadly unchanged. What's in the News Cera Sanitaryware has scheduled a board meeting for February 4, 2026, to consider and approve unaudited financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
PRINCEPIPE
₹239.70
Prince Pipes and Fittings
7D
-1.9%
1Y
-10.5%

PRINCEPIPE: Upcoming Board Results Will Clarify Earnings Power Behind Bullish Thesis

Analysts have trimmed their price target on Prince Pipes and Fittings from about ₹361 to roughly ₹311, citing updated assumptions around slightly higher revenue growth, a modestly softer profit margin, a marginally higher discount rate, and a small adjustment to the future P/E multiple. What's in the News A board meeting is scheduled for February 10, 2026 to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025 (company filing).
GREENLAM
₹234.04
Greenlam Industries
7D
0.8%
1Y
-2.8%

GREENLAM: Steady Fair Value Will Rely On Tweaked Margin And P/E Assumptions

Analysts have kept their price target for Greenlam Industries steady at ₹229, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that, in their view, continue to support this valuation level. What's in the News A board meeting is scheduled for January 29, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
538715
₹333.85
Dhabriya Polywood
7D
1.6%
1Y
3.0%
EUROPRATIK
₹240.70
Euro Pratik Sales
7D
-2.2%
1Y
n/a
526423
₹83.98
Kriti Industries (India)
7D
6.6%
1Y
-17.6%
ASIANTILES
₹66.67
Asian Granito India
7D
-3.1%
1Y
42.8%
SEJALLTD
₹504.90
Sejal Glass
7D
-7.2%
1Y
35.8%
530365
₹261.50
Orient Bell
7D
-13.2%
1Y
1.9%