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Indian (NIFTY) Building Industry Analysis

UpdatedMar 30, 2026
DataAggregated Company Financials
Companies64
  • 7D-1.3%
  • 3M3.9%
  • 1Y-0.3%
  • YTD0.6%

Over the last 7 days, the Building industry has dropped 1.3%, driven by Supreme Industries declining 2.3%. On the other hand Electrosteel Castings is actually up 6.9%. As for the longer term, the industry's performance has been flat for the past 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
Mon, 30 Mar 2026₹1.9t₹723.3b₹38.6b22.8x48.7x2.6x
Wed, 25 Feb 2026₹2.0t₹721.9b₹38.5b26.3x51.9x2.8x
Fri, 23 Jan 2026₹1.4t₹612.3b₹25.9b25.9x52.6x2.2x
Sun, 21 Dec 2025₹1.4t₹612.3b₹25.9b26.8x54.8x2.3x
Tue, 18 Nov 2025₹1.5t₹555.2b₹25.0b29x59x2.7x
Thu, 16 Oct 2025₹1.5t₹551.0b₹24.6b28.2x62x2.8x
Sat, 13 Sep 2025₹1.5t₹548.7b₹23.9b30.4x63x2.7x
Mon, 11 Aug 2025₹1.5t₹545.6b₹24.0b29.5x61.5x2.7x
Wed, 09 Jul 2025₹1.5t₹549.3b₹25.9b28.9x59.4x2.8x
Fri, 06 Jun 2025₹1.4t₹549.2b₹25.8b28.8x55.8x2.6x
Sun, 04 May 2025₹1.2t₹536.6b₹34.9b26.9x35.8x2.3x
Tue, 01 Apr 2025₹1.4t₹536.6b₹34.9b24.8x39.1x2.5x
Thu, 27 Feb 2025₹1.3t₹535.7b₹34.8b25.9x38.7x2.5x
Sat, 25 Jan 2025₹1.5t₹526.2b₹36.8b28.8x39.7x2.8x
Mon, 23 Dec 2024₹1.6t₹525.8b₹36.6b32.4x44.3x3.1x
Wed, 20 Nov 2024₹1.6t₹525.6b₹36.5b30x43.3x3x
Fri, 18 Oct 2024₹1.8t₹520.9b₹37.4b31.4x47x3.4x
Sun, 15 Sep 2024₹1.8t₹516.9b₹36.9b30.5x47.8x3.4x
Tue, 13 Aug 2024₹1.7t₹513.2b₹36.7b31.7x46.6x3.3x
Thu, 11 Jul 2024₹1.8t₹499.4b₹34.4b33.9x53.1x3.7x
Sat, 08 Jun 2024₹1.6t₹498.4b₹34.3b30.6x48.1x3.3x
Mon, 06 May 2024₹1.6t₹490.2b₹32.2b33.8x49.6x3.3x
Wed, 03 Apr 2024₹1.6t₹482.4b₹33.0b33x47.2x3.2x
Fri, 01 Mar 2024₹1.6t₹482.4b₹33.0b32.8x47.1x3.2x
Sun, 28 Jan 2024₹1.5t₹476.6b₹29.6b34.7x49.6x3.1x
Tue, 26 Dec 2023₹1.5t₹475.9b₹29.6b33.3x49.5x3.1x
Thu, 23 Nov 2023₹1.5t₹475.9b₹29.6b33.2x49.2x3.1x
Sat, 21 Oct 2023₹1.4t₹467.3b₹25.8b37x53.4x2.9x
Mon, 18 Sep 2023₹1.4t₹465.3b₹25.2b34.9x54.1x2.9x
Wed, 16 Aug 2023₹1.4t₹465.4b₹25.2b33.4x54.4x2.9x
Fri, 14 Jul 2023₹1.3t₹458.8b₹24.6b31.5x52.5x2.8x
Sun, 11 Jun 2023₹1.3t₹458.9b₹24.6b31x53.5x2.9x
Tue, 09 May 2023₹1.1t₹450.6b₹24.3b28.2x45.4x2.5x
Thu, 06 Apr 2023₹1.0t₹445.7b₹23.0b28.3x43.6x2.2x
Price to Earnings Ratio

43.6x


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 50.4x202420252026
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 50.4x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.6x.
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-1.71%
Industrials-2.15%
Building-1.31%
Building Products-1.31%
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₹79.916.9%
+₹3.2b		-18.7%PE15.7x
NITCO NITCO₹88.468.7%
+₹2.6b		-25.7%PE63x
531761 Apollo Pipes₹428.6510.8%
+₹1.8b		13.2%PE116.1x
EUROPRATIK Euro Pratik Sales₹228.756.6%
+₹1.4b		n/aPE33.2x
524091 Carysil₹790.501.4%
+₹305.8m		26.5%PE25.1x

Latest News

524091
₹790.50
Carysil
7D
1.4%
1Y
26.5%

524091: Upcoming Board Decisions On Subsidiary Closures Will Support Future Upside

Analysts have kept their fair value estimate for Carysil steady at ₹1,205.67 per share, with only minimal tweaks to inputs such as the discount rate, revenue growth outlook, profit margin assumptions and future P/E. This reflects a view that recent data does not materially change the stock’s underlying valuation story.
500128
₹79.91
Electrosteel Castings
7D
6.9%
1Y
-18.7%

500128: Upcoming Meetings Will Reinforce Concern Over Earnings Assumption Risks

Analysts have kept the price target for Electrosteel Castings steady at ₹61.00, citing only marginal tweaks to assumptions such as discount rate, revenue growth, profit margin, and future P/E that do not materially change their view on the stock. What's in the News Board meeting scheduled for Feb 06, 2026 to consider and approve unaudited consolidated and standalone financial results for the quarter and nine months ended Dec 31, 2025, signaling an upcoming earnings-related update for investors (company event).
532443
₹4,646.95
Cera Sanitaryware
7D
-2.1%
1Y
-17.6%

532443: Stable Assumptions And Upcoming Results Will Support Future Upside Potential

Analysts have made a marginal adjustment to Cera Sanitaryware's fair value estimate, with the price target moving from ₹6,397.50 to about ₹6,397, reflecting small tweaks to discount rate, revenue growth, profit margin and future P/E assumptions. 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).
531761
₹428.65
Apollo Pipes
7D
10.8%
1Y
13.2%

531761: Upcoming Board Meeting Will Expose Fragile Assumptions Behind Stretched Earnings

Analysts have kept the Apollo Pipes price target broadly steady at ₹292, reflecting only minor model tweaks to the discount rate, margin and P/E assumptions rather than any major change in their underlying view. What's in the News Board meeting scheduled for January 29, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter ended December 31, 2025 (company filing).
500067
₹1,675.05
Blue Star
7D
-1.9%
1Y
-21.6%
PRINCEPIPE
₹217.65
Prince Pipes and Fittings
7D
-8.9%
1Y
-11.3%

PRINCEPIPE: Higher Margin Outlook Will Support Future Upside Despite Lower P E Expectations

Analysts have revised their fair value estimate for Prince Pipes and Fittings from about ₹486.50 to ₹367. This reflects updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples.
526423
₹73.16
Kriti Industries (India)
7D
3.6%
1Y
-24.0%
EUROPRATIK
₹228.75
Euro Pratik Sales
7D
6.6%
1Y
n/a
GREENLAM
₹202.34
Greenlam Industries
7D
-5.2%
1Y
-14.2%

GREENLAM: Board Review Of December Results Will Support Bullish Long Term View

Analysts have kept their price target on Greenlam Industries steady at ₹229.00. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E that balance each other out in their valuation work.
SUPREMEIND
₹3,747.70
Supreme Industries
7D
-2.3%
1Y
9.4%

SUPREMEIND: Lower Future P E Will Pressure Prospective Shareholder Returns

Analysts have lowered their price target on Supreme Industries from about ₹2,953 to roughly ₹2,903, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E that slightly adjust the valuation framework while keeping the overall outlook broadly consistent. What's in the News A board meeting is scheduled on February 17, 2026, at 11:00 Indian Standard Time to consider electing Managing Director M.P. Taparia as Chairman of the Board and the company, which would make him Chairman and Managing Director if approved, along with other business matters (Board Meeting).
NITCO
₹88.46
NITCO
7D
8.7%
1Y
-25.7%
ASTRAL
₹1,619.10
Astral
7D
-0.8%
1Y
25.1%

ASTRAL: Upcoming Board Results Meeting Will Test Fairly Balanced Risk Reward Profile

Astral's analyst price target has inched up to ₹1,708. The small change is linked to slightly higher modeled revenue growth of 16.08%, a marginally stronger profit margin of 11.23%, a lower discount rate of 14.52%, and a modestly adjusted future P/E of 63.51x in recent analyst updates.
KRN
₹886.45
KRN Heat Exchanger and Refrigeration
7D
-1.2%
1Y
1.7%
544656
₹280.05
HRS Aluglaze
7D
5.5%
1Y
n/a
RUSHIL
₹13.64
Rushil Décor
7D
-12.2%
1Y
-35.2%
538546
₹119.10
Bansal Roofing Products
7D
8.5%
1Y
20.7%