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Indian (NIFTY) Construction Industry Analysis

UpdatedSep 30, 2025
DataAggregated Company Financials
Companies202
  • 7D-1.9%
  • 3M-3.8%
  • 1Y-13.9%
  • YTD-10.0%

Over the last 7 days, the Construction industry has dropped 1.9%, driven by Rail Vikas Nigam declining 4.8%. Overall the industry is down 14% in 12 months. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Sep 2025₹10.4t₹5.8t₹425.7b20.3x24.5x1.8x
Thu, 28 Aug 2025₹10.1t₹5.8t₹424.0b20.5x23.9x1.7x
Sat, 26 Jul 2025₹10.2t₹5.7t₹414.0b21.5x24.6x1.8x
Mon, 23 Jun 2025₹10.5t₹5.7t₹411.8b22.7x25.6x1.9x
Wed, 21 May 2025₹10.2t₹5.7t₹415.5b21.5x24.6x1.8x
Fri, 18 Apr 2025₹9.4t₹5.5t₹413.4b21.2x22.8x1.7x
Sun, 16 Mar 2025₹8.9t₹5.5t₹412.9b19.1x21.5x1.6x
Tue, 11 Feb 2025₹9.8t₹5.5t₹409.4b23.9x23.9x1.8x
Thu, 09 Jan 2025₹11.0t₹5.4t₹334.3b28.3x32.8x2x
Sat, 07 Dec 2024₹11.6t₹5.3t₹332.8b26.7x34.9x2.2x
Mon, 04 Nov 2024₹11.1t₹5.3t₹326.0b27.2x33.9x2.1x
Wed, 02 Oct 2024₹11.4t₹5.0t₹310.2b28.7x36.8x2.3x
Fri, 30 Aug 2024₹11.5t₹5.0t₹303.4b28.4x37.7x2.3x
Sun, 28 Jul 2024₹11.2t₹4.9t₹286.8b29.8x39.2x2.3x
Tue, 25 Jun 2024₹10.6t₹4.8t₹281.9b28.3x37.6x2.2x
Thu, 23 May 2024₹10.0t₹4.8t₹277.9b27.7x35.9x2.1x
Sat, 20 Apr 2024₹9.3t₹4.5t₹271.8b27.7x34.3x2.1x
Mon, 18 Mar 2024₹8.6t₹4.5t₹270.0b24.1x32x1.9x
Wed, 14 Feb 2024₹8.5t₹4.5t₹268.5b26.8x31.6x1.9x
Fri, 12 Jan 2024₹8.4t₹4.4t₹262.0b26.1x32.1x1.9x
Sun, 10 Dec 2023₹7.8t₹4.4t₹262.0b23.3x29.8x1.8x
Tue, 07 Nov 2023₹7.0t₹4.4t₹252.7b22x27.6x1.6x
Thu, 05 Oct 2023₹7.1t₹4.3t₹247.9b21.8x28.7x1.6x
Sat, 02 Sep 2023₹6.6t₹4.3t₹245.2b22.4x27x1.5x
Mon, 31 Jul 2023₹6.2t₹4.2t₹241.9b21.5x25.8x1.5x
Wed, 28 Jun 2023₹5.7t₹4.1t₹233.3b19.9x24.4x1.4x
Fri, 26 May 2023₹5.3t₹4.1t₹218.3b19.7x24.2x1.3x
Sun, 23 Apr 2023₹5.1t₹4.0t₹211.7b19x24.3x1.3x
Tue, 21 Mar 2023₹5.1t₹4.0t₹202.8b18.5x24.9x1.3x
Thu, 16 Feb 2023₹5.1t₹4.0t₹205.3b18.3x25x1.3x
Sat, 14 Jan 2023₹5.1t₹3.9t₹193.0b19.4x26.7x1.3x
Mon, 12 Dec 2022₹5.0t₹3.8t₹186.1b19.9x26.9x1.3x
Wed, 09 Nov 2022₹4.7t₹3.7t₹163.1b19.4x28.6x1.2x
Fri, 07 Oct 2022₹4.5t₹3.7t₹159.7b19.2x28x1.2x
Price to Earnings Ratio

28x


Total Market Cap: ₹4.5tTotal Earnings: ₹159.7bTotal Revenue: ₹3.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Construction Industry Price to Earnings3Y Average 29x202320242025
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 24.5x which is lower than its 3-year average PE of 29.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 39% per year over the last three years.
  • Revenues for these companies have grown 17% 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-2.93%
Industrials-3.18%
Construction-1.88%
Construction and Engineering-1.88%
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₹3.69k1.2%
+₹62.5b		0.3%PE32.9x
INOXGREEN Inox Green Energy Services₹207.904.0%
+₹3.0b		-0.06%PE197.1x
VASCONEQ Vascon Engineers₹69.3812.4%
+₹1.7b		11.9%PE11.3x
GIRIRAJ Giriraj Civil Developers₹375.0015.8%
+₹1.2b		-2.3%PE48.3x
532430 BF Utilities₹805.603.4%
+₹1.0b		-14.8%PE20.5x

Latest News

VASCONEQ
₹69.38
Vascon Engineers
7D
12.4%
1Y
11.9%
IRCON
₹169.11
Ircon International
7D
-7.1%
1Y
-25.8%

These 4 Measures Indicate That Ircon International (NSE:IRCON) Is Using Debt Extensively

Sep 29
These 4 Measures Indicate That Ircon International (NSE:IRCON) Is Using Debt Extensively
GRINFRA
₹1,213.70
G R Infraprojects
7D
-7.4%
1Y
-28.3%
500510
₹3,687.60
Larsen & Toubro
7D
1.2%
1Y
0.3%
IRB
₹40.84
IRB Infrastructure Developers
7D
-6.0%
1Y
-33.1%
534309
₹107.49
NBCC (India)
7D
-6.5%
1Y
-10.1%
GIRIRAJ
₹375.00
Giriraj Civil Developers
7D
15.8%
1Y
-2.3%
TECHNOE
₹1,332.40
Techno Electric & Engineering
7D
-6.7%
1Y
-16.7%

Returns On Capital At Techno Electric & Engineering (NSE:TECHNOE) Have Hit The Brakes

Sep 24
Returns On Capital At Techno Electric & Engineering (NSE:TECHNOE) Have Hit The Brakes
POWERMECH
₹2,683.00
Power Mech Projects
7D
-10.7%
1Y
-20.0%
531092
₹131.40
Om Infra
7D
8.5%
1Y
-22.8%
VIVIANA
₹1,645.55
Viviana Power Tech
7D
4.7%
1Y
104.0%

Why Investors Shouldn't Be Surprised By Viviana Power Tech Limited's (NSE:VIVIANA) 27% Share Price Surge

Sep 23
Why Investors Shouldn't Be Surprised By Viviana Power Tech Limited's (NSE:VIVIANA) 27% Share Price Surge
RVNL
₹341.65
Rail Vikas Nigam
7D
-4.8%
1Y
-35.7%

These 4 Measures Indicate That Rail Vikas Nigam (NSE:RVNL) Is Using Debt Reasonably Well

Sep 22
These 4 Measures Indicate That Rail Vikas Nigam (NSE:RVNL) Is Using Debt Reasonably Well
DBL
₹491.10
Dilip Buildcon
7D
-12.2%
1Y
-7.0%

CapEx Pauses And Low-Cost Bidders Will Threaten EPC Margins

The increase in Dilip Buildcon's consensus analyst price target is primarily supported by a substantial improvement in profitability, evidenced by a higher net profit margin and a markedly lower future P/E ratio, bringing the fair value estimate up to ₹481.33. What's in the News DBL-RBL JV received the Letter of Acceptance for the construction of the Gurugram Metro Corridor, including 27 stations covering 28.5 km.
INOXGREEN
₹207.90
Inox Green Energy Services
7D
4.0%
1Y
-0.06%
532430
₹805.60
BF Utilities
7D
3.4%
1Y
-14.8%
CCCL
₹25.42
Consolidated Construction Consortium
7D
4.3%
1Y
-7.7%