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Indian (NIFTY) Building Industry Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies61
  • 7D-2.5%
  • 3M-6.9%
  • 1Y-20.7%
  • YTD-21.8%

Over the last 7 days, the Building industry has dropped 1.7%, driven by a pullback from Kajaria Ceramics of 7.1%. Overall the industry is down 19% in 12 months. 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
Tue, 30 Dec 2025₹1.4t₹612.3b₹25.9b26.8x53.4x2.3x
Thu, 27 Nov 2025₹1.5t₹612.1b₹25.9b23.3x56.4x2.4x
Sat, 25 Oct 2025₹1.5t₹551.7b₹25.1b29.1x61.3x2.8x
Mon, 22 Sep 2025₹1.5t₹547.8b₹23.9b32x64x2.8x
Wed, 20 Aug 2025₹1.5t₹546.7b₹24.3b30.8x62.6x2.8x
Fri, 18 Jul 2025₹1.6t₹549.3b₹25.9b28.8x60.7x2.9x
Sun, 15 Jun 2025₹1.5t₹548.9b₹25.8b29.4x57.6x2.7x
Tue, 13 May 2025₹1.3t₹549.4b₹26.9b27.6x49.5x2.4x
Thu, 10 Apr 2025₹1.3t₹536.6b₹34.9b24.8x36.9x2.4x
Sat, 08 Mar 2025₹1.4t₹536.6b₹34.9b25.9x39.8x2.6x
Mon, 03 Feb 2025₹1.5t₹533.1b₹36.1b28.4x41.9x2.8x
Wed, 01 Jan 2025₹1.6t₹525.8b₹36.6b30.4x44.8x3.1x
Fri, 29 Nov 2024₹1.6t₹525.5b₹36.5b31.2x44.8x3.1x
Sun, 27 Oct 2024₹1.6t₹521.6b₹37.1b29.8x43.7x3.1x
Tue, 24 Sep 2024₹1.8t₹516.9b₹36.9b30.7x47.9x3.4x
Thu, 22 Aug 2024₹1.7t₹514.7b₹36.8b32.4x46.5x3.3x
Sat, 20 Jul 2024₹1.8t₹499.4b₹34.4b34.4x51.4x3.5x
Mon, 17 Jun 2024₹1.7t₹498.5b₹34.3b32.4x51x3.5x
Wed, 15 May 2024₹1.6t₹494.4b₹33.5b36.3x48.7x3.3x
Fri, 12 Apr 2024₹1.6t₹482.8b₹33.0b34.1x47.8x3.3x
Sun, 10 Mar 2024₹1.6t₹482.4b₹33.0b33.4x47.4x3.2x
Tue, 06 Feb 2024₹1.5t₹482.7b₹31.0b34.9x49.4x3.2x
Thu, 04 Jan 2024₹1.4t₹476.2b₹29.6b34x48.2x3x
Sat, 02 Dec 2023₹1.5t₹475.9b₹29.6b32.3x50.3x3.1x
Mon, 30 Oct 2023₹1.4t₹468.1b₹26.4b35.6x51.3x2.9x
Wed, 27 Sep 2023₹1.4t₹465.3b₹25.2b34.8x55x3x
Fri, 25 Aug 2023₹1.4t₹465.3b₹25.2b32.3x54.7x3x
Sun, 23 Jul 2023₹1.3t₹459.6b₹24.6b31.6x54.5x2.9x
Tue, 20 Jun 2023₹1.3t₹458.7b₹24.6b31.1x50.9x2.7x
Thu, 18 May 2023₹1.2t₹456.6b₹25.2b29.3x46.8x2.6x
Sat, 15 Apr 2023₹1.1t₹445.7b₹23.0b31x46.2x2.4x
Mon, 13 Mar 2023₹1.1t₹445.7b₹23.0b30.6x45.9x2.4x
Wed, 08 Feb 2023₹1.1t₹437.3b₹23.9b24x44.6x2.4x
Fri, 06 Jan 2023₹1.1t₹431.2b₹24.7b25.2x42.6x2.4x
Price to Earnings Ratio

42.6x


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 53.9x 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 2.3x.
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-0.73%
Industrials-0.87%
Building-2.50%
Building Products-2.50%
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₹77.022.3%
+₹1.1b		-43.1%PE9.6x
NITCO NITCO₹98.384.4%
+₹957.7m		-21.4%PS5x
530365 Orient Bell₹314.4518.3%
+₹713.5m		-4.4%PE70.6x
508906 Everest Industries₹526.854.7%
+₹375.8m		-29.6%PS0.5x
544656 HRS Aluglaze₹160.3810.0%
+₹280.2m		n/aPE60.1x

Latest News

NITCO
₹98.38
NITCO
7D
4.4%
1Y
-21.4%
530365
₹314.45
Orient Bell
7D
18.3%
1Y
-4.4%
526951
₹2,174.60
Stylam Industries
7D
-3.9%
1Y
-4.2%
500067
₹1,730.80
Blue Star
7D
-2.0%
1Y
-18.8%
500128
₹77.02
Electrosteel Castings
7D
2.3%
1Y
-43.1%

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).
515085
₹7.23
Restile Ceramics
7D
10.2%
1Y
-5.2%
ASIANTILES
₹74.74
Asian Granito India
7D
1.3%
1Y
11.3%
500233
₹972.75
Kajaria Ceramics
7D
-7.1%
1Y
-15.2%
524091
₹866.55
Carysil
7D
-4.6%
1Y
15.5%

524091: Capacity Expansion Will Drive Future Earnings Momentum

Analysts have modestly raised their price target on Carysil to ₹1,165 per share (from ₹1,165), reflecting slightly higher discount rate and valuation assumptions while keeping long term growth and margin expectations broadly unchanged. What's in the News Carysil has scheduled a board meeting on November 10, 2025 to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
ASTRAL
₹1,372.00
Astral
7D
-2.6%
1Y
-17.4%

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.
GREENLAM
₹242.75
Greenlam Industries
7D
-2.2%
1Y
-19.5%

GREENLAM: Future Earnings Multiple And Margins Will Drive Balanced Outlook

Analysts have raised their fair value estimate for Greenlam Industries from ₹199 to ₹235 per share, reflecting slightly higher margin expectations and a richer future earnings multiple, despite modestly lower projected revenue growth and a marginally higher discount rate. What's in the News Board meeting scheduled on November 8, 2025, at 15:30 IST to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
508906
₹526.85
Everest Industries
7D
4.7%
1Y
-29.6%
KRN
₹723.90
KRN Heat Exchanger and Refrigeration
7D
-2.0%
1Y
3.3%
EUROPRATIK
₹300.70
Euro Pratik Sales
7D
0.3%
1Y
n/a
532443
₹5,143.60
Cera Sanitaryware
7D
-3.5%
1Y
-33.1%