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Indian (NIFTY) Building Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies62
  • 7D-3.0%
  • 3M-8.3%
  • 1Y-21.4%
  • YTD-22.4%

Over the last 7 days, the Building industry has dropped 3.0%, driven by Blue Star declining 2.4%. Meanwhile, NITCO actually outperformed within the industry, gaining 7.3% in the last week. However, the industry is down 21% over the past year. 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
Wed, 31 Dec 2025₹1.4t₹612.3b₹25.9b26.3x53x2.2x
Fri, 28 Nov 2025₹1.5t₹611.9b₹25.8b27.1x56.2x2.4x
Sun, 26 Oct 2025₹1.5t₹551.7b₹25.1b29.1x61.3x2.8x
Tue, 23 Sep 2025₹1.5t₹547.8b₹23.9b30.6x64x2.8x
Thu, 21 Aug 2025₹1.5t₹547.8b₹23.8b31x64.2x2.8x
Sat, 19 Jul 2025₹1.6t₹549.3b₹25.9b28.5x60.1x2.8x
Mon, 16 Jun 2025₹1.5t₹548.9b₹25.8b29.4x57.6x2.7x
Wed, 14 May 2025₹1.3t₹548.2b₹26.4b27.1x50.4x2.4x
Fri, 11 Apr 2025₹1.3t₹536.6b₹34.9b24.8x36.9x2.4x
Sun, 09 Mar 2025₹1.4t₹536.6b₹34.9b25.9x39.8x2.6x
Tue, 04 Feb 2025₹1.5t₹534.5b₹36.1b27.6x41.8x2.8x
Thu, 02 Jan 2025₹1.7t₹525.8b₹36.6b31x45.8x3.2x
Sat, 30 Nov 2024₹1.6t₹525.5b₹36.5b31.2x44.9x3.1x
Mon, 28 Oct 2024₹1.6t₹521.6b₹37.1b29.8x43.7x3.1x
Wed, 25 Sep 2024₹1.8t₹517.5b₹37.0b30.9x49.1x3.5x
Fri, 23 Aug 2024₹1.7t₹514.7b₹36.8b32.3x47.3x3.4x
Sun, 21 Jul 2024₹1.8t₹499.4b₹34.4b32.5x51.6x3.5x
Tue, 18 Jun 2024₹1.7t₹498.5b₹34.3b32.4x51x3.5x
Thu, 16 May 2024₹1.6t₹494.4b₹33.5b36.3x48.7x3.3x
Sat, 13 Apr 2024₹1.6t₹482.8b₹33.0b34.1x47.1x3.2x
Mon, 11 Mar 2024₹1.6t₹482.4b₹33.0b33.4x47.4x3.2x
Wed, 07 Feb 2024₹1.5t₹481.9b₹31.0b33.7x49.5x3.2x
Fri, 05 Jan 2024₹1.4t₹476.2b₹29.6b33.9x48.4x3x
Sun, 03 Dec 2023₹1.5t₹475.9b₹29.6b32.3x50.3x3.1x
Tue, 31 Oct 2023₹1.4t₹468.1b₹26.4b35.8x51.5x2.9x
Thu, 28 Sep 2023₹1.4t₹465.3b₹25.2b35x54.8x3x
Sat, 26 Aug 2023₹1.4t₹465.3b₹25.2b32.4x54.9x3x
Mon, 24 Jul 2023₹1.3t₹460.6b₹24.8b31.6x54.2x2.9x
Wed, 21 Jun 2023₹1.3t₹458.7b₹24.6b33.4x54.3x2.9x
Fri, 19 May 2023₹1.2t₹460.4b₹25.0b29.2x46.8x2.5x
Sun, 16 Apr 2023₹1.1t₹445.7b₹23.0b31x46.2x2.4x
Tue, 14 Mar 2023₹945.1b₹445.7b₹23.0b30.1x41.2x2.1x
Thu, 09 Feb 2023₹1.1t₹440.1b₹23.2b23.8x45.9x2.4x
Sat, 07 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 49.6x20242025
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 53.0x which is higher than its 3-year average PE of 49.6x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.2x.
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-0.90%
Industrials-1.37%
Building-3.04%
Building Products-3.04%
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
NITCO NITCO₹99.507.3%
+₹1.5b		-24.4%PS5x
EUROPRATIK Euro Pratik Sales₹308.104.3%
+₹1.3b		n/aPE46.8x
PRINCEPIPE Prince Pipes and Fittings₹261.154.6%
+₹1.3b		-39.2%PE124.4x
500128 Electrosteel Castings₹78.392.5%
+₹1.2b		-45.3%PE9.8x
530365 Orient Bell₹318.5018.7%
+₹735.4m		-3.3%PE71.5x

Latest News

530365
₹318.50
Orient Bell
7D
18.7%
1Y
-3.3%
NITCO
₹99.50
NITCO
7D
7.3%
1Y
-24.4%
526951
₹2,228.55
Stylam Industries
7D
-3.1%
1Y
0.5%
531761
₹294.15
Apollo Pipes
7D
-4.6%
1Y
-36.8%

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
₹261.15
Prince Pipes and Fittings
7D
4.6%
1Y
-39.2%

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
₹1,734.65
Blue Star
7D
-2.4%
1Y
-23.4%
500128
₹78.39
Electrosteel Castings
7D
2.5%
1Y
-45.3%

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
₹75.39
Asian Granito India
7D
-3.2%
1Y
7.3%
500233
₹968.40
Kajaria Ceramics
7D
-0.5%
1Y
-17.2%
ASTRAL
₹1,388.50
Astral
7D
-0.6%
1Y
-15.9%

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

Analysts have nudged their price target on Astral slightly higher to around ₹1,685 from approximately ₹1,681, citing marginally improved profit margin assumptions that more than offset a modest trim to long term revenue growth expectations. However, the higher discount rate and slightly richer future P E multiple temper the upside.
AGARWALTUF
₹125.90
Agarwal Toughened Glass India
7D
3.8%
1Y
-6.7%
EUROPRATIK
₹308.10
Euro Pratik Sales
7D
4.3%
1Y
n/a
EXXARO
₹8.23
Exxaro Tiles
7D
2.1%
1Y
-9.8%

Exxaro Tiles Limited (NSE:EXXARO) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

Nov 14
Exxaro Tiles Limited (NSE:EXXARO) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
531548
₹399.65
Somany Ceramics
7D
-2.5%
1Y
-38.8%
REGENCERAM
₹48.98
Regency Ceramics
7D
4.6%
1Y
-1.9%