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Indian (NIFTY) Infrastructure Industry Analysis

UpdatedDec 28, 2025
DataAggregated Company Financials
Companies19
  • 7D-0.2%
  • 3M3.7%
  • 1Y12.6%
  • YTD13.0%

Over the last 7 days, the Infrastructure industry has remained flat. The past year has been better, since the industry has gained 13% in that time. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Dec 2025₹4.0t₹476.0b₹148.1b12.9x27x8.4x
Tue, 25 Nov 2025₹4.0t₹475.4b₹147.9b14.4x26.8x8.3x
Thu, 23 Oct 2025₹4.0t₹455.0b₹140.3b16.1x28.4x8.8x
Sat, 20 Sep 2025₹3.9t₹442.8b₹136.2b16.9x28.9x8.9x
Mon, 18 Aug 2025₹3.6t₹443.4b₹135.7b19x26.5x8.1x
Wed, 16 Jul 2025₹3.9t₹413.0b₹132.2b17.3x29.7x9.5x
Fri, 13 Jun 2025₹3.9t₹413.0b₹132.2b18.3x29.6x9.5x
Sun, 11 May 2025₹3.5t₹410.3b₹128.5b17.7x27.5x8.6x
Tue, 08 Apr 2025₹3.1t₹392.8b₹117.3b17.7x26.6x7.9x
Thu, 06 Mar 2025₹3.1t₹390.7b₹117.1b18.8x26.1x7.8x
Sat, 01 Feb 2025₹3.1t₹390.5b₹117.9b23.4x26.4x8x
Mon, 30 Dec 2024₹3.5t₹377.6b₹114.1b23.7x30.9x9.3x
Wed, 27 Nov 2024₹3.3t₹377.6b₹114.1b24.9x28.6x8.6x
Fri, 25 Oct 2024₹3.7t₹371.8b₹110.4b28x33.7x10x
Sun, 22 Sep 2024₹4.0t₹371.4b₹110.5b30.4x36.4x10.8x
Tue, 20 Aug 2024₹4.1t₹370.8b₹110.4b32.5x37.2x11.1x
Thu, 18 Jul 2024₹4.2t₹361.4b₹101.0b36.2x41.4x11.6x
Sat, 15 Jun 2024₹3.9t₹360.7b₹101.0b32.4x38.8x10.9x
Mon, 13 May 2024₹3.4t₹359.8b₹93.0b35.3x37x9.6x
Wed, 10 Apr 2024₹3.6t₹346.3b₹83.8b37.6x43.4x10.5x
Fri, 08 Mar 2024₹3.6t₹345.9b₹83.8b36x42.7x10.3x
Sun, 04 Feb 2024₹3.4t₹345.0b₹80.7b37.1x42.1x9.8x
Tue, 02 Jan 2024₹2.9t₹323.3b₹67.7b31.9x42.5x8.9x
Thu, 30 Nov 2023₹2.4t₹323.3b₹67.6b28.3x35.5x7.4x
Sat, 28 Oct 2023₹2.2t₹307.4b₹67.1b20.1x32.1x7x
Mon, 25 Sep 2023₹1.9t₹270.0b₹66.7b19.3x28.7x7.1x
Wed, 23 Aug 2023₹2.0t₹262.8b₹66.2b17.1x29.7x7.5x
Fri, 21 Jul 2023₹1.7t₹250.4b₹56.3b16.3x30.4x6.8x
Sun, 18 Jun 2023₹1.7t₹248.5b₹55.3b17.9x31.2x7x
Tue, 16 May 2023₹1.6t₹222.8b₹51.1b29.4x31.5x7.2x
Thu, 13 Apr 2023₹1.5t₹222.8b₹51.1b27.9x29.8x6.8x
Sat, 11 Mar 2023₹1.6t₹222.8b₹51.1b29.6x31.5x7.2x
Mon, 06 Feb 2023₹1.2t₹213.1b₹52.9b20.2x22.1x5.5x
Wed, 04 Jan 2023₹1.9t₹212.9b₹54.2b25.3x34.6x8.8x
Price to Earnings Ratio

34.6x


Total Market Cap: ₹1.9tTotal Earnings: ₹54.2bTotal Revenue: ₹212.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Infrastructure Industry Price to Earnings3Y Average 32.7x20242025
Current Industry PE
  • Investors are pessimistic on the Indian Infrastructure 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 27.0x which is lower than its 3-year average PE of 32.7x.
  • The industry is trading close to its 3-year average PS ratio of 8.7x.
Past Earnings Growth
  • The earnings for companies in the Infrastructure industry have grown 40% per year over the last three years.
  • Revenues for these companies have grown 31% 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 Market0.59%
Industrials1.27%
Infrastructure-0.20%
Marine Ports and Services-0.19%
Airport Services-0.54%
Highways and Railtracks-0.89%
Industry PE
  • Investors are most optimistic about the Marine Ports and Services industry even though it's trading below its 3-year average PE ratio of 31.8x.
    • Analysts are expecting annual earnings growth of 14.1%, which is lower than the prior year's growth of 27.4% per year.
  • Investors are most pessimistic about the Highways and Railtracks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Marine Ports and Services industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 27% per year.
  • In contrast, the Airport Services industry is expected to see its earnings grow by 4.1% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
JSWINFRA JSW Infrastructure₹284.302.6%
+₹15.0b		-12.0%PE37.3x
GMRAIRPORT GMR Airports₹102.450.9%
+₹9.7b		29.6%PS8.7x
523618 Dredging Corporation of India₹1.01k7.6%
+₹2.0b		22.7%PS2.3x
NAVKARCORP Navkar₹101.784.1%
+₹609.6m		-37.4%PS2.9x
ATL Allcargo Terminals₹27.423.8%
+₹254.6m		-27.0%PE22.7x

Latest News

ADANIPORTS
₹1,487.10
Adani Ports and Special Economic Zone
7D
-0.6%
1Y
20.8%

ADANIPORTS: Rising Cargo Volumes Will Support Stronger Long Term Profitability

Narrative Update Analysts have nudged their price target on Adani Ports and Special Economic Zone slightly higher to ₹1,768 from ₹1,762. This reflects marginally stronger expectations for long term revenue growth and a modestly lower perceived risk profile, despite largely unchanged profitability assumptions and valuation multiples.
GMRAIRPORT
₹102.45
GMR Airports
7D
0.9%
1Y
29.6%

GMRAIRPORT: Upcoming Review Will Emphasize Fair Outlook Amid Steady Passenger Recovery

Analysts have nudged their price target on GMR Airports slightly higher to reflect modest improvements in the company’s discount rate and long term earnings outlook, valuing the stock at roughly ₹109.20 per share. What's in the News GMR Airports has scheduled a board meeting on November 13, 2025 to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with other matters (company filing) The company reported total passenger traffic excluding Cebu of 27.8 million for the second quarter ended September 30, 2025, indicating continued demand recovery (company announcement) For the first half of fiscal 2026, GMR Airports reported cumulative total passenger traffic excluding Cebu of 57.9 million, reflecting strong throughput across its portfolio (company announcement) A special or extraordinary shareholders meeting will be conducted via postal ballot in India on January 16, 2026, with details to be communicated to shareholders (company notice) Valuation Changes Fair Value: Unchanged at approximately ₹109.20 per share, indicating no revision in the stock’s assessed intrinsic value.
GPPL
₹183.02
Gujarat Pipavav Port
7D
-5.5%
1Y
1.8%

GPPL: Elevated Earnings Multiple Will Constrain Future Upside Despite Higher Interim Dividend

Analysts have marginally reaffirmed their view on Gujarat Pipavav Port with no change in the fair value at ₹166.13 per share. This reflects fine tweaks to discount rate and forward valuation assumptions rather than a shift in the underlying earnings outlook.
543391
₹132.00
Suyog Gurbaxani Funicular Ropeways
7D
-7.0%
1Y
-46.2%
JSWINFRA
₹284.30
JSW Infrastructure
7D
2.6%
1Y
-12.0%

JSWINFRA: Revenue Outlook And Lower Risk Profile Will Shape Balanced Prospects

Analysts have raised their price target on JSW Infrastructure from ₹248.24 to ₹258.26, citing a lower perceived discount rate and slightly stronger revenue growth expectations that more than offset a modestly reduced profit margin and valuation multiple. What's in the News JSW Infrastructure issued revenue guidance for fiscal 2025, targeting INR 7 billion to INR 8 billion in revenue, signaling management confidence in growth visibility (company guidance).
ABSMARINE
₹196.70
ABS Marine Services
7D
-1.6%
1Y
-0.2%
ATL
₹27.42
Allcargo Terminals
7D
3.8%
1Y
-27.0%

Calculating The Fair Value Of Allcargo Terminals Limited (NSE:ATL)

Nov 25
Calculating The Fair Value Of Allcargo Terminals Limited (NSE:ATL)
SADBHIN
₹3.78
Sadbhav Infrastructure Project
7D
2.4%
1Y
-39.2%
523618
₹1,010.20
Dredging Corporation of India
7D
7.6%
1Y
22.7%
543364
₹164.40
Markolines Pavement Technologies
7D
-1.4%
1Y
3.4%
BRNL
₹22.09
Bharat Road Network
7D
-2.4%
1Y
-52.3%
JITFINFRA
₹280.00
JITF Infralogistics
7D
3.0%
1Y
-59.9%

Returns On Capital Are Showing Encouraging Signs At JITF Infralogistics (NSE:JITFINFRA)

Oct 31
Returns On Capital Are Showing Encouraging Signs At JITF Infralogistics (NSE:JITFINFRA)
GAYAHWS
₹2.93
Gayatri Highways
7D
-8.4%
1Y
94.0%
520086
₹95.95
Sical Logistics
7D
-4.0%
1Y
-37.1%
ANANTAM
₹103.98
Anantam Highways Trust
7D
0.2%
1Y
n/a
NAVKARCORP
₹101.78
Navkar
7D
4.1%
1Y
-37.4%