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Indian (NIFTY) Construction and Engineering Industry Analysis

UpdatedAug 29, 2025
DataAggregated Company Financials
Companies193
  • 7D-2.4%
  • 3M-5.1%
  • 1Y-17.3%
  • YTDn/a

Over the last 7 days, the Construction and Engineering industry has dropped 1.8%, driven by a pullback from Larsen & Toubro of 1.6%. Meanwhile, AXISCADES Technologies actually outperformed within the industry, gaining 8.0% in the last week. Overall the industry is down 18% in 12 months. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 Aug 2025₹10.1t₹5.8t₹424.0b20.6x23.8x1.7x
Sun, 27 Jul 2025₹10.2t₹5.7t₹414.0b21.5x24.6x1.8x
Tue, 24 Jun 2025₹10.4t₹5.7t₹411.8b22.2x25.4x1.8x
Thu, 22 May 2025₹10.3t₹5.7t₹415.6b22x24.8x1.8x
Sat, 19 Apr 2025₹9.4t₹5.5t₹413.4b21.2x22.8x1.7x
Mon, 17 Mar 2025₹8.9t₹5.5t₹412.9b19.1x21.5x1.6x
Wed, 12 Feb 2025₹9.5t₹5.5t₹415.0b22.9x22.8x1.7x
Fri, 10 Jan 2025₹10.8t₹5.4t₹334.3b27.5x32.2x2x
Sun, 08 Dec 2024₹11.6t₹5.3t₹332.8b27x34.9x2.2x
Tue, 05 Nov 2024₹10.8t₹5.3t₹326.0b27.7x33.2x2x
Thu, 03 Oct 2024₹11.4t₹5.0t₹310.2b28.7x36.8x2.3x
Sat, 31 Aug 2024₹11.5t₹5.0t₹303.4b28.4x38.1x2.3x
Mon, 29 Jul 2024₹11.2t₹4.9t₹286.8b29.8x39.2x2.3x
Wed, 26 Jun 2024₹10.6t₹4.8t₹281.9b29.3x37.8x2.2x
Fri, 24 May 2024₹10.2t₹4.8t₹278.0b27.2x36.8x2.1x
Sun, 21 Apr 2024₹9.3t₹4.5t₹271.8b27.8x34.2x2x
Tue, 19 Mar 2024₹8.7t₹4.5t₹270.0b25.7x32x1.9x
Thu, 15 Feb 2024₹8.6t₹4.5t₹269.8b27.1x31.9x1.9x
Sat, 13 Jan 2024₹8.5t₹4.4t₹262.1b26.7x32.5x1.9x
Mon, 11 Dec 2023₹7.8t₹4.4t₹262.0b23.3x29.8x1.8x
Wed, 08 Nov 2023₹6.9t₹4.4t₹253.2b22.1x27.4x1.6x
Fri, 06 Oct 2023₹7.1t₹4.3t₹247.9b22.1x28.7x1.6x
Sun, 03 Sep 2023₹6.6t₹4.3t₹245.2b22.4x27x1.5x
Tue, 01 Aug 2023₹6.4t₹4.2t₹242.1b21.5x26.2x1.5x
Thu, 29 Jun 2023₹5.7t₹4.1t₹233.3b19.7x24.4x1.4x
Sat, 27 May 2023₹5.3t₹4.1t₹218.6b20.1x24.5x1.3x
Mon, 24 Apr 2023₹5.1t₹4.0t₹211.7b19x24.3x1.3x
Wed, 22 Mar 2023₹5.1t₹4.0t₹202.8b18.4x25.1x1.3x
Fri, 17 Feb 2023₹5.1t₹4.0t₹203.3b17.4x25.3x1.3x
Sun, 15 Jan 2023₹5.1t₹3.9t₹193.0b19.4x26.7x1.3x
Tue, 13 Dec 2022₹5.1t₹3.8t₹186.1b20.5x27.2x1.3x
Thu, 10 Nov 2022₹4.6t₹3.8t₹164.5b18.3x27.9x1.2x
Sat, 08 Oct 2022₹4.5t₹3.7t₹159.7b19.4x28.2x1.2x
Mon, 05 Sep 2022₹4.5t₹3.7t₹159.9b19x28.4x1.2x
Price to Earnings Ratio

28.4x


Total Market Cap: ₹4.5tTotal Earnings: ₹159.9bTotal Revenue: ₹3.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Construction and Engineering Industry Price to Earnings3Y Average 29.2x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian Construction and Engineering 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 23.9x which is lower than its 3-year average PE of 29.2x.
  • 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 and Engineering industry have grown 38% 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 Comparison

How does Indian Construction and Engineering compare with similar industries?

IN Market-2.50%
Industrials-2.90%
Construction-2.42%
Construction and Engineering-2.42%
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
VOLTAS Voltas₹1.37k1.5%
+₹6.9b		-21.2%PE70.2x
500510 Larsen & Toubro₹3.60k0.1%
+₹6.1b		-2.8%PE32.2x
ENGINERSIN Engineers India₹198.343.6%
+₹3.8b		-8.8%PE20.1x
GARUDA Garuda Construction and Engineering₹216.3312.5%
+₹2.2b		n/aPE29.1x
532395 AXISCADES Technologies₹1.24k2.3%
+₹1.2b		92.8%PE67.3x

Latest News

SSEGL
₹502.15
Sathlokhar Synergys E&C Global
7D
5.1%
1Y
-3.7%
533284
₹132.00
R.P.P. Infra Projects
7D
15.3%
1Y
-39.1%
POWERMECH
₹3,003.90
Power Mech Projects
7D
-6.0%
1Y
-11.4%

We Ran A Stock Scan For Earnings Growth And Power Mech Projects (NSE:POWERMECH) Passed With Ease

Aug 29
We Ran A Stock Scan For Earnings Growth And Power Mech Projects (NSE:POWERMECH) Passed With Ease
KPIL
₹1,249.00
Kalpataru Projects International
7D
-3.9%
1Y
-7.3%

A Look At The Intrinsic Value Of Kalpataru Projects International Limited (NSE:KPIL)

Aug 29
A Look At The Intrinsic Value Of Kalpataru Projects International Limited (NSE:KPIL)
ENGINERSIN
₹198.34
Engineers India
7D
3.6%
1Y
-8.8%

Engineers India (NSE:ENGINERSIN) Is Due To Pay A Dividend Of ₹2.00

Aug 27
Engineers India (NSE:ENGINERSIN) Is Due To Pay A Dividend Of ₹2.00
IRCON
₹160.32
Ircon International
7D
-6.3%
1Y
-38.6%

Ircon International's (NSE:IRCON) Dividend Will Be Reduced To ₹1.00

Aug 24
Ircon International's (NSE:IRCON) Dividend Will Be Reduced To ₹1.00
509496
₹707.45
ITD Cementation India
7D
-7.3%
1Y
27.6%

India Urbanization Will Create New Infrastructure Opportunities

The uptick in the consensus Analyst Price Target for ITD Cementation India to ₹828.00 is primarily driven by a higher Future P/E multiple, signaling improved earnings expectations relative to unchanged discount rates. What's in the News Renew Exim DMCC acquired a 46.64% stake in ITD Cementation India from Italian-Thai Development, becoming the new promoter; a mandatory open offer for an additional 26% stake was also launched, with a potential total holding of 72.64%.
GARUDA
₹216.33
Garuda Construction and Engineering
7D
12.5%
1Y
n/a
VOLTAS
₹1,374.00
Voltas
7D
1.5%
1Y
-21.2%
534309
₹98.30
NBCC (India)
7D
-5.1%
1Y
-20.9%
532395
₹1,244.30
AXISCADES Technologies
7D
2.3%
1Y
92.8%
RVNL
₹302.60
Rail Vikas Nigam
7D
-6.5%
1Y
-50.2%

Margin Pressures And Vande Bharat Will Define Future Trajectory

The consensus analyst price target for Rail Vikas Nigam has been sharply reduced, mainly reflecting a significant fall in the expected future P/E ratio, with the fair value revised down to ₹216. What's in the News Annual dividend set at INR 1.72 per share, representing a decrease.
500294
₹204.60
NCC
7D
-5.7%
1Y
-35.9%
GMRP&UI
₹110.18
GMR Power And Urban Infra
7D
-7.4%
1Y
-20.1%

GMR Power And Urban Infra Limited (NSE:GMRP&UI) Analysts Are Reducing Their Forecasts For This Year

Aug 06
GMR Power And Urban Infra Limited (NSE:GMRP&UI) Analysts Are Reducing Their Forecasts For This Year
PSPPROJECT
₹686.20
PSP Projects
7D
2.2%
1Y
0.5%
500510
₹3,599.85
Larsen & Toubro
7D
0.1%
1Y
-2.8%