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Indian (NIFTY) Building Industry Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies62
  • 7D-5.7%
  • 3M-13.8%
  • 1Y-14.3%
  • YTD-5.9%

Over the last 7 days, the Building industry has dropped 5.7%, driven by pullbacks in Blue Star and Astral of 5.9% and 5.5%, respectively. However, the industry is down 14% over the past year. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

Has the Indian Building Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Jan 2026₹1.3t₹612.5b₹26.1b26.1x51.1x2.2x
Tue, 23 Dec 2025₹1.4t₹612.3b₹25.9b27.1x54.7x2.3x
Thu, 20 Nov 2025₹1.5t₹555.9b₹25.2b25.8x58.3x2.6x
Sat, 18 Oct 2025₹1.5t₹551.3b₹25.0b27.7x61.4x2.8x
Mon, 15 Sep 2025₹1.5t₹547.8b₹23.9b30.7x63.2x2.8x
Wed, 13 Aug 2025₹1.4t₹545.6b₹24.2b30.1x59.1x2.6x
Fri, 11 Jul 2025₹1.5t₹549.3b₹25.9b28.1x59.6x2.8x
Sun, 08 Jun 2025₹1.4t₹549.0b₹25.9b29.6x55.8x2.6x
Tue, 06 May 2025₹1.3t₹536.6b₹34.9b26.6x36.2x2.4x
Thu, 03 Apr 2025₹1.4t₹536.6b₹34.9b26.3x39.5x2.6x
Sat, 01 Mar 2025₹1.3t₹535.7b₹34.8b24.1x38x2.5x
Mon, 27 Jan 2025₹1.5t₹526.2b₹36.8b28.8x39.7x2.8x
Wed, 25 Dec 2024₹1.6t₹525.8b₹36.6b32x43.9x3.1x
Fri, 22 Nov 2024₹1.6t₹525.8b₹36.5b30.2x43x3x
Sun, 20 Oct 2024₹1.8t₹520.9b₹37.4b31.2x46.9x3.4x
Tue, 17 Sep 2024₹1.8t₹516.9b₹36.9b31.3x47.9x3.4x
Thu, 15 Aug 2024₹1.7t₹513.4b₹36.7b30.8x46.1x3.3x
Sat, 13 Jul 2024₹1.8t₹499.4b₹34.4b33.9x52.6x3.6x
Mon, 10 Jun 2024₹1.6t₹498.7b₹34.3b29.8x48.1x3.3x
Wed, 08 May 2024₹1.6t₹490.2b₹32.2b37.6x49.1x3.2x
Fri, 05 Apr 2024₹1.6t₹482.4b₹33.0b34x48.1x3.3x
Sun, 03 Mar 2024₹1.6t₹482.4b₹33.0b32.5x47.5x3.2x
Tue, 30 Jan 2024₹1.5t₹476.6b₹29.6b34.7x50.4x3.1x
Thu, 28 Dec 2023₹1.5t₹475.9b₹29.6b33.3x49.1x3.1x
Sat, 25 Nov 2023₹1.5t₹475.9b₹29.6b34x49.6x3.1x
Mon, 23 Oct 2023₹1.4t₹467.7b₹26.2b37x52.6x2.9x
Wed, 20 Sep 2023₹1.4t₹465.3b₹25.2b34.8x54x2.9x
Fri, 18 Aug 2023₹1.4t₹465.3b₹25.2b32.6x54.4x2.9x
Sun, 16 Jul 2023₹1.3t₹458.5b₹24.6b31.8x52.7x2.8x
Tue, 13 Jun 2023₹1.3t₹458.8b₹24.6b32.5x53.4x2.9x
Thu, 11 May 2023₹1.1t₹450.7b₹24.3b28.3x45.6x2.5x
Sat, 08 Apr 2023₹1.0t₹445.7b₹23.0b29.5x44.8x2.3x
Mon, 06 Mar 2023₹1.0t₹445.7b₹23.0b30.7x45.6x2.3x
Wed, 01 Feb 2023₹1.0t₹432.3b₹24.7b23.6x42.1x2.4x
Price to Earnings Ratio

42.1x


Total Market Cap: ₹1.0tTotal Earnings: ₹24.7bTotal Revenue: ₹432.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Building Industry Price to Earnings3Y Average 49.9x202420252026
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 49.9x.
  • 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-3.58%
Industrials-4.69%
Building-5.73%
Building Products-5.73%
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
GREENLAM Greenlam Industries₹250.001.5%
+₹956.8m		-12.6%PE200.8x
544656 HRS Aluglaze₹172.855.4%
+₹169.7m		n/aPE64.8x
530365 Orient Bell₹272.651.9%
+₹76.2m		-3.2%PE61.2x
505685 Taparia Tools₹17.0415.7%
+₹35.1m		60.5%PE0.2x
543595 EP Biocomposites₹98.909.8%
+₹14.9m		-35.9%PE18.2x

Latest News

530429
₹35.46
Ashish Polyplast
7D
13.3%
1Y
-27.6%
GREENLAM
₹250.00
Greenlam Industries
7D
1.5%
1Y
-12.6%

GREENLAM: Earnings Multiple And Margins Will Shape Steady Fairly Valued Outlook

Analysts have left their fair value estimate for Greenlam Industries unchanged at ₹235.00, citing slightly higher assumed revenue growth and profit margin, which is partly offset by a modestly higher discount rate and a lower future P/E multiple. What's in the News Board meeting scheduled on Jan 29, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
500233
₹934.45
Kajaria Ceramics
7D
-6.5%
1Y
-10.1%

Playing the Long Game in a Soft Market

Kajaria Ceramics has long been India’s flagship tiles and ceramics maker, known for strong brands like Kajaria, GresBond and Eternity. I've personally been a follower of them for a while now, and put considerable trust in the decision making prowess of the current managing director, who long-term Kajaria-heads like myself affectionally name "Uncle Kajar".
NITCO
₹80.62
NITCO
7D
-9.7%
1Y
-42.1%
532443
₹4,940.65
Cera Sanitaryware
7D
-4.9%
1Y
-23.9%
KRN
₹598.10
KRN Heat Exchanger and Refrigeration
7D
-15.4%
1Y
-26.1%
500067
₹1,697.55
Blue Star
7D
-5.9%
1Y
-7.8%

500067: Future Board Decisions On Results Will Likely Expose Overvaluation

Analysts now place their price target for Blue Star at ₹1,404.98, compared with the prior ₹1,340.39, citing updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple as the key drivers of this change. What's in the News Blue Star has scheduled a board meeting on January 29, 2026 to consider and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, as required under regulation 33(3) of the listing regulations (Key Developments).
ASTRAL
₹1,383.90
Astral
7D
-5.5%
1Y
-5.8%

Some Confidence Is Lacking In Astral Limited's (NSE:ASTRAL) P/E

Jan 21
Some Confidence Is Lacking In Astral Limited's (NSE:ASTRAL) P/E
530365
₹272.65
Orient Bell
7D
1.9%
1Y
-3.2%
520121
₹12.75
Arcee Industries
7D
27.4%
1Y
112.5%
543595
₹98.90
EP Biocomposites
7D
9.8%
1Y
-35.9%
500128
₹69.86
Electrosteel Castings
7D
-8.7%
1Y
-41.3%

500128: Upcoming Governance Meetings Will Support Bullish Outlook On Steady Earnings Assumptions

Analysts have kept their fair value estimate for Electrosteel Castings steady at ₹81.0, with only marginal tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E guiding this unchanged price target. What's in the News Board meeting scheduled for Nov 10, 2025, at 11:30 Indian Standard Time to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended Sep 30, 2025 (company filing).
EUROPRATIK
₹241.70
Euro Pratik Sales
7D
-5.9%
1Y
n/a
505685
₹17.04
Taparia Tools
7D
15.7%
1Y
60.5%
GANGABATH
₹20.05
Ganga Bath Fittings
7D
2.0%
1Y
n/a