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Indian (NIFTY) Construction and Engineering Industry Analysis

UpdatedDec 02, 2025
DataAggregated Company Financials
Companies211
  • 7D0.9%
  • 3M3.9%
  • 1Y-6.5%
  • YTDn/a

In the last week, Construction and Engineering has been flat. Unfortunately though, the industry is down 6.5% over the past 12 months. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Dec 2025₹10.9t₹6.1t₹439.1b19x24.9x1.8x
Fri, 31 Oct 2025₹11.1t₹6.0t₹433.0b20.8x25.7x1.9x
Sun, 28 Sep 2025₹10.5t₹5.8t₹425.7b20.5x24.6x1.8x
Tue, 26 Aug 2025₹10.3t₹5.8t₹423.9b20x24.3x1.8x
Thu, 24 Jul 2025₹10.4t₹5.7t₹413.7b22.4x25.2x1.8x
Sat, 21 Jun 2025₹10.5t₹5.7t₹411.8b22.7x25.6x1.9x
Mon, 19 May 2025₹10.3t₹5.7t₹415.0b21.6x24.8x1.8x
Wed, 16 Apr 2025₹9.3t₹5.5t₹413.0b21.2x22.6x1.7x
Fri, 14 Mar 2025₹8.9t₹5.5t₹412.9b19.1x21.5x1.6x
Sun, 09 Feb 2025₹9.9t₹5.5t₹409.0b24.1x24.2x1.8x
Tue, 07 Jan 2025₹11.0t₹5.4t₹334.3b27.8x32.8x2x
Thu, 05 Dec 2024₹11.4t₹5.3t₹332.6b26.3x34.2x2.1x
Sat, 02 Nov 2024₹11.1t₹5.3t₹326.0b27.2x33.9x2.1x
Mon, 30 Sep 2024₹11.4t₹5.0t₹310.3b29.5x36.8x2.3x
Wed, 28 Aug 2024₹11.5t₹5.0t₹303.4b29.4x37.9x2.3x
Fri, 26 Jul 2024₹11.2t₹4.9t₹286.0b29.9x39x2.3x
Sun, 23 Jun 2024₹10.6t₹4.8t₹281.9b28.3x37.5x2.2x
Tue, 21 May 2024₹9.8t₹4.8t₹278.9b27.4x35.2x2.1x
Thu, 18 Apr 2024₹9.3t₹4.5t₹271.8b26.5x34.2x2x
Sat, 16 Mar 2024₹8.6t₹4.5t₹270.0b24.7x32x1.9x
Mon, 12 Feb 2024₹8.7t₹4.5t₹267.9b27.9x32.5x1.9x
Wed, 10 Jan 2024₹8.3t₹4.4t₹262.0b25.5x31.8x1.9x
Fri, 08 Dec 2023₹7.8t₹4.4t₹262.0b23.8x29.8x1.8x
Sun, 05 Nov 2023₹6.9t₹4.4t₹252.9b21.8x27.1x1.6x
Tue, 03 Oct 2023₹7.1t₹4.3t₹247.9b22x28.7x1.6x
Thu, 31 Aug 2023₹6.6t₹4.3t₹245.2b21.7x26.7x1.5x
Sat, 29 Jul 2023₹6.2t₹4.2t₹241.9b21.5x25.8x1.5x
Mon, 26 Jun 2023₹5.7t₹4.1t₹233.3b19.6x24.3x1.4x
Wed, 24 May 2023₹5.3t₹4.1t₹218.3b19.5x24.2x1.3x
Fri, 21 Apr 2023₹5.2t₹4.0t₹202.9b19.2x25.8x1.3x
Sun, 19 Mar 2023₹5.1t₹4.0t₹202.8b18.5x25.2x1.3x
Tue, 14 Feb 2023₹5.2t₹4.0t₹203.0b18.8x25.5x1.3x
Thu, 12 Jan 2023₹5.1t₹3.9t₹193.0b18.9x26.4x1.3x
Sat, 10 Dec 2022₹5.0t₹3.8t₹186.1b19.9x26.9x1.3x
Price to Earnings Ratio

26.9x


Total Market Cap: ₹5.0tTotal Earnings: ₹186.1bTotal Revenue: ₹3.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Construction and Engineering Industry Price to Earnings3Y Average 28.9x202320242025
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 24.9x 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 and Engineering industry have grown 33% 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 Market1.00%
Industrials1.16%
Construction0.86%
Construction and Engineering0.86%
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₹4.03k0.9%
+₹48.1b		6.5%PE34.8x
509496 Cemindia Projects₹849.1010.0%
+₹13.2b		64.1%PE32.7x
500185 Hindustan Construction₹26.5813.1%
+₹5.6b		-42.0%PE32.3x
AFCONS Afcons Infrastructure₹414.653.1%
+₹4.7b		-16.0%PE30.3x
533169 Man Infraconstruction₹131.907.6%
+₹3.8b		-44.2%PE19.6x

Latest News

IRB
₹42.79
IRB Infrastructure Developers
7D
-1.1%
1Y
-22.3%

IRB: Upcoming Board Meetings Will Support Momentum Through Dividend And Fund Initiatives

Analysts have raised their price target for IRB Infrastructure Developers from ₹58.20 to ₹59.00, reflecting improved outlooks on revenue growth and profit margin forecasts. What's in the News Board meeting on November 20, 2025, to consider and approve an invitation to offer to be issued to the IRB InvIT Fund, a publicly offered and listed InvIT sponsored by the company (Board Meeting Agenda).
KPIL
₹1,189.50
Kalpataru Projects International
7D
-3.0%
1Y
3.5%

KPIL: Major Metro Contract Will Drive Overseas Order Intake Momentum

Analysts have raised their fair value estimate for Kalpataru Projects International from ₹1,470 to ₹1,476. This adjustment reflects minor changes in projected discount rates, profit margins, and future earnings expectations.
500510
₹4,030.80
Larsen & Toubro
7D
0.9%
1Y
6.5%

500510: Expanding Defence And Power Projects Will Support Balanced Medium-Term Outcomes

Analysts have raised their fair value estimate for Larsen & Toubro from ₹4,367.81 to ₹4,399.97, citing incremental improvements in revenue growth and profit margin forecasts. What's in the News Larsen & Toubro will produce BvS10 Sindhu all-terrain vehicles under a new contract with the Indian Army, with technical support from BAE Systems.
500185
₹26.58
Hindustan Construction
7D
13.1%
1Y
-42.0%
KEC
₹712.35
KEC International
7D
1.8%
1Y
-34.9%

Capital Investments At KEC International (NSE:KEC) Point To A Promising Future

Nov 26
Capital Investments At KEC International (NSE:KEC) Point To A Promising Future
534309
₹115.25
NBCC (India)
7D
-2.0%
1Y
16.3%

534309: Major Jaipur Project Will Drive Value Over Next Thirty Months

NBCC (India) Sees Revised Analyst Price Target Amid Subtle Shifts in Financial Projections Analysts have increased their fair value estimate for NBCC (India) from ₹143 to ₹146. This reflects modest adjustments in expectations for discount rate, revenue growth, profit margin, and future price-to-earnings ratios.
GMRP&UI
₹115.92
GMR Power And Urban Infra
7D
-4.8%
1Y
0.5%

Weak Statutory Earnings May Not Tell The Whole Story For GMR Power And Urban Infra (NSE:GMRP&UI)

Nov 25
Weak Statutory Earnings May Not Tell The Whole Story For GMR Power And Urban Infra (NSE:GMRP&UI)
531120
₹34.44
Patel Engineering
7D
7.9%
1Y
-37.2%
GKENERGY
₹150.88
GK Energy
7D
-11.9%
1Y
n/a
ORIANA
₹2,341.30
Oriana Power
7D
-10.6%
1Y
3.2%

Oriana Power (NSE:ORIANA) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Nov 22
Oriana Power (NSE:ORIANA) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
AFCONS
₹414.65
Afcons Infrastructure
7D
3.1%
1Y
-16.0%
509496
₹849.10
Cemindia Projects
7D
10.0%
1Y
64.1%

509496: Order Book Momentum And Auditor Transition Will Shape Outlook Ahead

Analysts have slightly reduced their price target for Cemindia Projects from ₹865 to ₹862. This change reflects updated expectations for revenue growth and profit margins.
SWSOLAR
₹232.14
Sterling and Wilson Renewable Energy
7D
3.3%
1Y
-54.7%

SWSOLAR: Order Wins And Stable Outlook Are Set To Drive Momentum

Analysts have maintained their price target for Sterling and Wilson Renewable Energy at ₹320.5 per share, citing minimal changes in underlying assumptions and future growth estimates. What's in the News Sterling and Wilson Renewable Energy secured three new EPC projects, including a 363 MWp DC PV plant in Rajasthan, a 580 MWp DC PV plant in Uttar Pradesh, and a 115 MWp project in South Africa valued at USD 120 million.
IRCON
₹157.87
Ircon International
7D
-1.8%
1Y
-27.9%

IRCON: Rising Discount Rate Will Likely Pressure Share Performance Ahead

Analysts have recently adjusted their price target for Ircon International downward from ₹151.33 to ₹147.67. They cited updated assessments of revenue projections and discount rates as key factors influencing their revised outlook.
RVNL
₹317.90
Rail Vikas Nigam
7D
-1.5%
1Y
-27.4%

Rail Vikas Nigam's (NSE:RVNL) Anemic Earnings Might Be Worse Than You Think

Nov 19
Rail Vikas Nigam's (NSE:RVNL) Anemic Earnings Might Be Worse Than You Think
533169
₹131.90
Man Infraconstruction
7D
7.6%
1Y
-44.2%