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Indian (NIFTY) Construction Industry Analysis

UpdatedNov 27, 2021
DataAggregated Company Financials
Companies120
  • 7D-5.9%
  • 3M8.1%
  • 1Y55.8%
  • YTD35.7%

Over the last 7 days, the Construction industry has dropped 5.9%, driven by a pullback from Larsen & Toubro of 6.4%. Meanwhile, Engineers India actually outperformed within the industry, gaining 6.0% in the last week. This takes the industry's 12 month performance to a gain of 56%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Sat, 27 Nov 2021₹4.3t₹3.4t₹122.2b17.2x
Mon, 25 Oct 2021₹4.5t₹3.3t₹111.7b19.5x
Wed, 22 Sep 2021₹4.3t₹3.3t₹114.7b17.8x
Fri, 20 Aug 2021₹3.9t₹3.3t₹116.2b16.2x
Fri, 04 Jun 2021₹3.6t₹3.0t₹86.1b18.4x
Mon, 08 Mar 2021₹3.5t₹2.9t₹105.6b15.8x
Thu, 10 Dec 2020₹2.7t₹2.8t₹62.7b12.8x
Wed, 02 Sep 2020₹2.3t₹2.9t₹117.3b11.9x
Sat, 06 Jun 2020₹2.0t₹3.1t₹149.2b8.3x
Tue, 10 Mar 2020₹2.7t₹3.2t₹166.3b10.1x
Mon, 02 Dec 2019₹3.1t₹3.2t₹171.2b11.7x
Thu, 05 Sep 2019₹3.0t₹3.1t₹156.2b12.5x
Sun, 09 Jun 2019₹3.5t₹2.9t₹163.3b15.8x
Sat, 02 Mar 2019₹3.0t₹2.7t₹133.2b13.4x
Tue, 04 Dec 2018₹3.2t₹2.6t₹121.8b15.4x
PE Ratio

15.4x

Total Market Cap: ₹3.2tTotal Earnings: ₹121.8bTotal Revenue: ₹2.6t0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 13.8x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Construction industry have remained mostly flat over the last three years, while revenues for these companies have grown 9.8% 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 Construction industry?

Construction and Engineering-5.87%

Industry PE: Investors are most optimistic about the Construction and Engineering industry which is trading above its 3-year average PE ratio of 13.8x. However analysts are expecting annual earnings growth of 24%, which is lower than the prior year's growth of 32% per year. So the market might believe that analysts are underestimating future growth.

Forecasted Growth: Analysts are most optimistic on the Construction and Engineering industry, expecting annual earnings growth of 24% over the next 5 years. However this is lower than its past earnings growth rate of 32% per year.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
ENGINERSIN Engineers India6.0%+₹2.4b-0.3%PE31.3x
500185 Hindustan Construction15.1%+₹2.2b92.4%PE2.8x
522134 Artson Engineering27.5%+₹825.2m288.0%PE577.8x
533262 Ramky Infrastructure7.4%+₹750.8m371.1%PE5.8x
533207 Jaypee Infratech15.8%+₹430.6m74.6%PS0.3x
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533207

₹2.27

Jaypee Infratech

7D

15.8%

1Y

74.6%

532759

₹21.31

Atlanta

7D

25.1%

1Y

184.1%