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Indian (NIFTY) Construction Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies210
  • 7D-1.4%
  • 3M2.6%
  • 1Y-4.1%
  • YTD-7.8%

Over the last 7 days, the Construction industry has dropped 1.4%, driven by pullbacks in Voltas and Rail Vikas Nigam of 4.1% and 2.5%, respectively. Overall the industry is down 4.1% in 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Nov 2025₹10.8t₹6.0t₹434.3b19.6x24.8x1.8x
Fri, 10 Oct 2025₹10.8t₹5.9t₹429.1b20.8x25.1x1.8x
Sun, 07 Sep 2025₹10.3t₹5.8t₹424.4b20.6x24.2x1.8x
Tue, 05 Aug 2025₹10.4t₹5.8t₹426.1b20.8x24.4x1.8x
Thu, 03 Jul 2025₹10.6t₹5.7t₹412.5b22.6x25.7x1.9x
Sat, 31 May 2025₹10.6t₹5.7t₹416.2b22.2x25.4x1.9x
Mon, 28 Apr 2025₹9.4t₹5.6t₹413.9b21.2x22.7x1.7x
Wed, 26 Mar 2025₹9.7t₹5.5t₹412.9b20.2x23.5x1.7x
Fri, 21 Feb 2025₹9.4t₹5.5t₹412.9b21.1x22.8x1.7x
Sun, 19 Jan 2025₹10.8t₹5.4t₹337.9b27.2x31.9x2x
Tue, 17 Dec 2024₹11.7t₹5.3t₹332.9b27.8x35.2x2.2x
Thu, 14 Nov 2024₹10.5t₹5.3t₹325.3b26.1x32.2x2x
Sat, 12 Oct 2024₹10.9t₹5.0t₹310.4b29x35x2.2x
Mon, 09 Sep 2024₹11.2t₹5.0t₹310.4b27.9x36.2x2.3x
Wed, 07 Aug 2024₹10.7t₹4.9t₹286.4b27.6x37.5x2.2x
Fri, 05 Jul 2024₹10.8t₹4.8t₹281.9b30.3x38.3x2.2x
Sun, 02 Jun 2024₹10.3t₹4.8t₹281.1b25.4x36.7x2.1x
Tue, 30 Apr 2024₹10.0t₹4.6t₹269.7b29.1x36.9x2.2x
Thu, 28 Mar 2024₹9.0t₹4.5t₹270.5b24.7x33.4x2x
Sat, 24 Feb 2024₹8.9t₹4.5t₹269.8b26.8x32.9x2x
Mon, 22 Jan 2024₹9.0t₹4.4t₹262.1b27.3x34.2x2x
Wed, 20 Dec 2023₹8.1t₹4.4t₹261.9b24.3x30.9x1.8x
Fri, 17 Nov 2023₹7.2t₹4.4t₹261.7b22x27.5x1.6x
Sun, 15 Oct 2023₹7.2t₹4.2t₹241.0b23x29.8x1.7x
Tue, 12 Sep 2023₹7.2t₹4.3t₹246.2b23.4x29.1x1.7x
Thu, 10 Aug 2023₹6.4t₹4.3t₹243.5b20.7x26.3x1.5x
Sat, 08 Jul 2023₹5.8t₹4.1t₹233.3b20.3x25x1.4x
Mon, 05 Jun 2023₹5.4t₹4.1t₹230.7b19.6x23.6x1.3x
Wed, 03 May 2023₹5.4t₹4.0t₹211.4b19.8x25.7x1.4x
Fri, 31 Mar 2023₹5.0t₹4.0t₹202.8b17.7x24.6x1.3x
Sun, 26 Feb 2023₹5.0t₹4.0t₹202.8b17.3x24.7x1.3x
Tue, 24 Jan 2023₹5.2t₹3.8t₹196.0b20.1x26.8x1.4x
Thu, 22 Dec 2022₹5.0t₹3.8t₹185.9b19.8x26.8x1.3x
Sat, 19 Nov 2022₹4.7t₹3.8t₹178.6b18.8x26.3x1.2x
Price to Earnings Ratio

26.3x


Total Market Cap: ₹4.7tTotal Earnings: ₹178.6bTotal Revenue: ₹3.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Construction Industry Price to Earnings3Y Average 28.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 24.8x which is lower than its 3-year average PE of 28.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 34% per year over the last three years.
  • Revenues for these companies have grown 16% 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-0.42%
Industrials-0.43%
Construction-1.37%
Construction and Engineering-1.37%
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
500510 Larsen & Toubro₹3.95k0.8%
+₹44.2b		10.1%PE34.1x
INTERARCH Interarch Building Solutions₹2.58k18.0%
+₹6.6b		62.9%PE33.9x
VIKRAN Vikran Engineering₹102.634.7%
+₹1.2b		n/aPE30.7x
PSPPROJECT PSP Projects₹976.451.9%
+₹705.6m		56.5%PE137.7x
INDIANHUME Indian Hume Pipe₹373.003.7%
+₹692.8m		-13.5%PE3.6x

Latest News

KEC
₹768.05
KEC International
7D
-5.1%
1Y
-23.4%

Is KEC International (NSE:KEC) Using Too Much Debt?

Nov 12
Is KEC International (NSE:KEC) Using Too Much Debt?
VIKRAN
₹102.63
Vikran Engineering
7D
4.7%
1Y
n/a
IRB
₹43.24
IRB Infrastructure Developers
7D
-3.2%
1Y
-13.9%
500294
₹188.80
NCC
7D
-8.2%
1Y
-36.2%

500294: Record New Orders And Strong Margins Will Drive Upside Potential

Analysts have updated their price target for NCC downward from $265.69 to $258.38. They cite expectations for higher revenue growth and profit margins, as well as a rising discount rate impacting valuation.
INTERARCH
₹2,575.50
Interarch Building Solutions
7D
18.0%
1Y
62.9%

With EPS Growth And More, Interarch Building Solutions (NSE:INTERARCH) Makes An Interesting Case

Nov 08
With EPS Growth And More, Interarch Building Solutions (NSE:INTERARCH) Makes An Interesting Case
RAMKY
₹630.70
Ramky Infrastructure
7D
1.0%
1Y
10.4%
VOLTAS
₹1,303.80
Voltas
7D
-4.1%
1Y
-23.3%
500510
₹3,953.35
Larsen & Toubro
7D
0.8%
1Y
10.1%
AFCONS
₹416.75
Afcons Infrastructure
7D
-6.3%
1Y
-9.1%
RVNL
₹317.75
Rail Vikas Nigam
7D
-2.5%
1Y
-27.4%

Is It Time To Consider Buying Rail Vikas Nigam Limited (NSE:RVNL)?

Nov 05
Is It Time To Consider Buying Rail Vikas Nigam Limited (NSE:RVNL)?
509496
₹809.35
Cemindia Projects
7D
-6.2%
1Y
54.2%

509496: Order Wins And Dividend Approval Will Support Measured Upside Amid Urbanization

Analysts have raised their price target for Cemindia Projects from ₹828 to ₹865, citing increased expectations for revenue growth and improved profit margins. What's in the News Cemindia Projects Limited announced new orders worth ₹32,580 million secured during Q2 FY26.
KPIL
₹1,252.70
Kalpataru Projects International
7D
-4.7%
1Y
0.9%

Kalpataru Projects International Limited Just Recorded A 5.7% EPS Beat: Here's What Analysts Are Forecasting Next

Nov 04
Kalpataru Projects International Limited Just Recorded A 5.7% EPS Beat: Here's What Analysts Are Forecasting Next
PSPPROJECT
₹976.45
PSP Projects
7D
1.9%
1Y
56.5%

Even With A 27% Surge, Cautious Investors Are Not Rewarding PSP Projects Limited's (NSE:PSPPROJECT) Performance Completely

Nov 04
Even With A 27% Surge, Cautious Investors Are Not Rewarding PSP Projects Limited's (NSE:PSPPROJECT) Performance Completely
532738
₹33.75
Twamev Construction and Infrastructure
7D
12.1%
1Y
-8.8%
INDIANHUME
₹373.00
Indian Hume Pipe
7D
3.7%
1Y
-13.5%
GANESHIN
₹232.60
Ganesh Infraworld
7D
3.8%
1Y
n/a