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Indian (NIFTY) Building Industry Analysis

UpdatedDec 12, 2025
DataAggregated Company Financials
Companies60
  • 7D-1.7%
  • 3M-10.8%
  • 1Y-22.9%
  • YTD-20.8%

Over the last 7 days, the Building industry has dropped 2.2%, driven by a pullback from Astral of 2.4%. On the other hand NITCO is actually up 6.5%. The industry has fallen 25% 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, 12 Dec 2025₹1.4t₹611.9b₹25.8b26.4x54.1x2.3x
Sun, 09 Nov 2025₹1.5t₹554.9b₹25.3b28x59.4x2.7x
Tue, 07 Oct 2025₹1.5t₹548.0b₹23.9b29.5x61.6x2.7x
Thu, 04 Sep 2025₹1.5t₹548.2b₹23.9b29.7x64x2.8x
Sat, 02 Aug 2025₹1.5t₹549.7b₹26.1b27.6x56x2.7x
Mon, 30 Jun 2025₹1.5t₹549.1b₹25.9b29.5x57.6x2.7x
Wed, 28 May 2025₹1.4t₹546.8b₹26.1b27.1x55x2.6x
Fri, 25 Apr 2025₹1.3t₹536.6b₹34.9b28.6x38.5x2.5x
Sun, 23 Mar 2025₹1.4t₹536.6b₹34.9b25.9x40x2.6x
Tue, 18 Feb 2025₹1.4t₹535.6b₹34.8b26.7x39.5x2.6x
Thu, 16 Jan 2025₹1.5t₹525.8b₹36.6b29.2x40.6x2.8x
Sat, 14 Dec 2024₹1.7t₹525.8b₹36.6b33.2x46.7x3.2x
Mon, 11 Nov 2024₹1.6t₹526.2b₹36.2b34x44.6x3.1x
Wed, 09 Oct 2024₹1.7t₹517.6b₹37.0b30x46.3x3.3x
Fri, 06 Sep 2024₹1.7t₹514.7b₹36.8b31.4x47.1x3.4x
Sun, 04 Aug 2024₹1.8t₹505.4b₹35.7b32.5x49.9x3.5x
Tue, 02 Jul 2024₹1.8t₹499.4b₹34.4b33.5x53.1x3.7x
Thu, 30 May 2024₹1.6t₹499.1b₹33.8b35.1x48.1x3.3x
Sat, 27 Apr 2024₹1.6t₹483.1b₹32.9b35.3x48.8x3.3x
Mon, 25 Mar 2024₹1.5t₹482.4b₹33.0b31.4x44.6x3.1x
Wed, 21 Feb 2024₹1.5t₹482.4b₹33.0b32.8x46.8x3.2x
Fri, 19 Jan 2024₹1.5t₹476.9b₹29.7b35.2x49.2x3.1x
Sun, 17 Dec 2023₹1.5t₹475.9b₹29.6b34x50x3.1x
Tue, 14 Nov 2023₹1.4t₹476.0b₹29.7b32.7x48.5x3x
Thu, 12 Oct 2023₹1.4t₹465.3b₹25.2b36x54.9x3x
Sat, 09 Sep 2023₹1.4t₹465.3b₹25.2b35.7x55.2x3x
Mon, 07 Aug 2023₹1.4t₹465.4b₹25.3b34.5x54.6x3x
Wed, 05 Jul 2023₹1.3t₹458.8b₹24.6b33.8x53.3x2.9x
Fri, 02 Jun 2023₹1.2t₹459.1b₹24.8b30.7x50x2.7x
Sun, 30 Apr 2023₹1.1t₹445.9b₹23.0b28.3x46.2x2.4x
Tue, 28 Mar 2023₹987.5b₹445.7b₹23.0b26.4x43x2.2x
Thu, 23 Feb 2023₹1.0t₹445.4b₹22.9b30.7x45.1x2.3x
Sat, 21 Jan 2023₹1.0t₹431.9b₹24.7b24.7x41.5x2.4x
Mon, 19 Dec 2022₹1.1t₹431.2b₹24.7b25.6x43x2.5x
Price to Earnings Ratio

43x


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 49.4x202320242025
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 49.4x.
  • 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 Market-0.93%
Industrials-1.68%
Building-1.67%
Building Products-1.67%
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
NITCO NITCO₹87.956.5%
+₹1.2b		-35.7%PS4.5x
526951 Stylam Industries₹2.14k1.1%
+₹411.0m		-14.8%PE29x
531761 Apollo Pipes₹301.751.9%
+₹253.3m		-37.1%PE51.6x
SEJALLTD Sejal Glass₹871.052.3%
+₹201.1m		41.1%PE45x
PPL Prakash Pipes₹247.013.5%
+₹197.8m		-54.8%PE11.1x

Latest News

500128
₹71.10
Electrosteel Castings
7D
-1.3%
1Y
-55.7%

500128: Upcoming Board Meeting Will Support Positive Medium Term Outlook

Analysts have modestly raised their price target on Electrosteel Castings to ₹81.0 from ₹81, citing a slightly higher assumed discount rate and a marginally richer future earnings multiple. Together, these factors leave their fair value estimate largely unchanged.
NITCO
₹87.95
NITCO
7D
6.5%
1Y
-35.7%
524091
₹939.35
Carysil
7D
-2.9%
1Y
22.2%

524091: Capacity Expansion And Dividend Increase Will Drive Upward Momentum

Analysts have raised their price target for Carysil from ₹1,130.33 to ₹1,165.00, citing improved forecasts for revenue growth and profit margins that support a higher fair value estimate. What's in the News A board meeting is 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 (Board Meeting).
500233
₹1,034.65
Kajaria Ceramics
7D
-2.4%
1Y
-12.1%

500233: Interim And Final Dividends Will Drive Future Shareholder Value

Analysts have slightly lowered their price target for Kajaria Ceramics from ₹1,350.74 to ₹1,346.15. This adjustment is due to marginal downward revisions in growth and profit assumptions.
ASTRAL
₹1,406.70
Astral
7D
-2.4%
1Y
-23.3%

ASTRAL: Upcoming Board Meeting Will Drive Momentum With Interim Dividend Decision

Analysts have raised their price target for Astral from $1,631.78 to $1,681.19. They cite improved profit margin expectations and slight adjustments in growth assumptions as key drivers for the increase.
531761
₹301.75
Apollo Pipes
7D
1.9%
1Y
-37.1%

531761: Upcoming Board Meeting Will Set Stage For 2025 Dividend Momentum

Analysts have lowered their price target for Apollo Pipes from ₹382 to ₹365.50, citing modest adjustments in fair value estimates and discount rate assumptions. Overall growth and margin forecasts remain largely unchanged.
526193
₹22.88
Royal Cushion Vinyl Products
7D
13.3%
1Y
-19.8%
SEJALLTD
₹871.05
Sejal Glass
7D
2.3%
1Y
41.1%

Does Sejal Glass (NSE:SEJALLTD) Have A Healthy Balance Sheet?

Nov 22
Does Sejal Glass (NSE:SEJALLTD) Have A Healthy Balance Sheet?
EUROPRATIK
₹303.90
Euro Pratik Sales
7D
-13.8%
1Y
n/a
PPL
₹247.01
Prakash Pipes
7D
3.5%
1Y
-54.8%
526951
₹2,140.40
Stylam Industries
7D
1.1%
1Y
-14.8%
RUSHIL
₹23.23
Rushil Décor
7D
1.7%
1Y
-35.8%

Weak Statutory Earnings May Not Tell The Whole Story For Rushil Décor (NSE:RUSHIL)

Nov 16
Weak Statutory Earnings May Not Tell The Whole Story For Rushil Décor (NSE:RUSHIL)
PRINCEPIPE
₹250.10
Prince Pipes and Fittings
7D
-3.4%
1Y
-41.1%

Why Prince Pipes and Fittings' (NSE:PRINCEPIPE) Shaky Earnings Are Just The Beginning Of Its Problems

Nov 15
Why Prince Pipes and Fittings' (NSE:PRINCEPIPE) Shaky Earnings Are Just The Beginning Of Its Problems
532443
₹5,273.80
Cera Sanitaryware
7D
-2.4%
1Y
-31.1%
500067
₹1,745.40
Blue Star
7D
-0.4%
1Y
-14.9%
530145
₹28.67
Kisan Mouldings
7D
3.1%
1Y
-55.8%