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Indian (NIFTY) Infrastructure Industry Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies19
  • 7D-1.2%
  • 3M-3.9%
  • 1Y14.3%
  • YTD-4.5%

Over the last 7 days, the Infrastructure industry has dropped 1.2%, driven by Adani Ports and Special Economic Zone declining 2.8%. This takes the industry's 12 month performance to a gain of 14%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 Jan 2026₹4.0t₹478.2b₹148.6b12x27x8.4x
Thu, 18 Dec 2025₹4.0t₹476.0b₹148.1b13x26.8x8.3x
Sat, 15 Nov 2025₹4.0t₹476.9b₹147.8b15.5x27.4x8.5x
Mon, 13 Oct 2025₹3.8t₹442.8b₹136.2b16.8x28.2x8.7x
Wed, 10 Sep 2025₹3.8t₹442.8b₹136.2b17.1x27.8x8.6x
Fri, 08 Aug 2025₹3.7t₹437.1b₹135.3b17x27.2x8.4x
Sun, 06 Jul 2025₹3.9t₹413.0b₹132.2b17.4x29.2x9.4x
Tue, 03 Jun 2025₹3.9t₹414.0b₹132.2b17.2x29.7x9.5x
Thu, 01 May 2025₹3.4t₹392.6b₹117.0b18.3x28.8x8.6x
Sat, 29 Mar 2025₹3.3t₹393.0b₹117.3b16.9x28.5x8.5x
Mon, 24 Feb 2025₹3.0t₹390.7b₹117.1b18.8x25.8x7.7x
Wed, 22 Jan 2025₹3.2t₹377.6b₹114.1b23.5x27.7x8.4x
Fri, 20 Dec 2024₹3.5t₹377.6b₹114.1b25.2x30.3x9.2x
Sun, 17 Nov 2024₹3.5t₹377.9b₹113.5b25.5x31x9.3x
Tue, 15 Oct 2024₹3.9t₹371.8b₹110.4b29.5x35.6x10.6x
Thu, 12 Sep 2024₹4.0t₹370.8b₹110.4b33.1x36.2x10.8x
Sat, 10 Aug 2024₹4.2t₹370.5b₹111.1b34.2x37.8x11.3x
Mon, 08 Jul 2024₹4.2t₹361.0b₹101.0b37.3x41.8x11.7x
Wed, 05 Jun 2024₹3.4t₹361.9b₹92.9b33.2x37x9.5x
Fri, 03 May 2024₹3.6t₹372.4b₹92.7b37.3x39.2x9.7x
Sun, 31 Mar 2024₹3.6t₹345.9b₹83.8b35.8x43x10.4x
Tue, 27 Feb 2024₹3.6t₹345.9b₹83.8b38.7x43.3x10.5x
Thu, 25 Jan 2024₹3.0t₹323.5b₹67.2b38.1x45.3x9.4x
Sat, 23 Dec 2023₹2.8t₹323.3b₹67.6b31.8x42x8.8x
Mon, 20 Nov 2023₹2.3t₹323.3b₹67.6b27.7x34.6x7.2x
Wed, 18 Oct 2023₹2.2t₹306.3b₹67.0b21.2x33.5x7.3x
Fri, 15 Sep 2023₹2.0t₹270.0b₹66.7b19.6x29.5x7.3x
Sun, 13 Aug 2023₹1.9t₹263.0b₹66.2b17.2x28.1x7.1x
Tue, 11 Jul 2023₹1.7t₹249.0b₹56.2b16x29.8x6.7x
Thu, 08 Jun 2023₹1.7t₹248.6b₹55.3b17.2x31.1x6.9x
Sat, 06 May 2023₹1.6t₹222.8b₹51.1b29x31x7.1x
Mon, 03 Apr 2023₹1.5t₹222.8b₹51.1b26.8x28.7x6.6x
Wed, 01 Mar 2023₹1.4t₹222.8b₹51.1b25.1x27x6.2x
Fri, 27 Jan 2023₹1.6t₹213.1b₹52.9b23.4x30.9x7.7x
Price to Earnings Ratio

30.9x


Total Market Cap: ₹1.6tTotal Earnings: ₹52.9bTotal Revenue: ₹213.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Infrastructure Industry Price to Earnings3Y Average 32.5x202420252026
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 32.5x.
  • 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 41% 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 Market0.026%
Industrials-1.93%
Infrastructure-1.24%
Highways and Railtracks-0.25%
Marine Ports and Services-1.25%
Airport Services-1.95%
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 14.6%, which is lower than the prior year's growth of 22.0% 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 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 22% 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₹272.753.2%
+₹17.8b		-7.8%PE35.1x
GMRAIRPORT GMR Airports₹100.230.4%
+₹3.7b		30.6%PS8.5x
523618 Dredging Corporation of India₹1.06k2.9%
+₹826.0m		39.7%PS2.4x
520086 Sical Logistics₹97.429.6%
+₹555.9m		-28.1%PS2.3x
ABSMARINE ABS Marine Services₹196.103.9%
+₹181.7m		11.0%PE9.6x

Latest News

JSWINFRA
₹272.75
JSW Infrastructure
7D
3.2%
1Y
-7.8%
ADANIPORTS
₹1,403.00
Adani Ports and Special Economic Zone
7D
-2.8%
1Y
22.1%
523618
₹1,063.60
Dredging Corporation of India
7D
2.9%
1Y
39.7%
NAVKARCORP
₹98.05
Navkar
7D
-1.1%
1Y
-38.6%
GMRAIRPORT
₹100.23
GMR Airports
7D
0.4%
1Y
30.6%

GMRAIRPORT: Future Traffic Momentum And Key Meetings Will Support Upside Potential

Analysts have raised their fair value estimate for GMR Airports from ₹108.00 to ₹128.00, citing updated assumptions for revenue growth, profit margins, a lower discount rate, and a revised future P/E multiple. What's in the News GMR Airports has scheduled a Special or Extraordinary Shareholders Meeting via postal ballot in India on January 16, 2026, which may involve key corporate decisions (Key Developments).
GPPL
₹173.21
Gujarat Pipavav Port
7D
-4.1%
1Y
3.0%

GPPL: Higher Margin Outlook And Interim Dividend Will Support Fair Valuation

Analysts have lifted their price target on Gujarat Pipavav Port from ₹186 to ₹205, citing updated assumptions that include a lower discount rate, higher revenue growth, stronger profit margins, and a reduced future P/E multiple as key drivers of the change. What's in the News A board meeting is scheduled on 5 November 2025 to review unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2025, and to consider an interim dividend and record date for equity shareholders (company disclosure).
DREAMFOLKS
₹99.48
Dreamfolks Services
7D
-2.5%
1Y
-72.7%

DREAMFOLKS: Planned ETT Solutions Acquisition Will Support Future Services Expansion

Analysts have kept their fair value estimate for Dreamfolks Services unchanged at ₹140.0, citing consistent assumptions on discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their price target view. What's in the News A board meeting is scheduled on December 1, 2025, at 09:30 Indian Standard Time to consider a total investment of about ₹360 million, or roughly US$4 million, in ETT Solutions DMCC through a mix of secondary share purchase and primary subscription (Key Developments).
520086
₹97.42
Sical Logistics
7D
9.6%
1Y
-28.1%
544383
₹155.20
Paradeep Parivahan
7D
-5.3%
1Y
n/a
HILINFRA
₹54.51
Highway Infrastructure
7D
-1.5%
1Y
n/a

Highway Infrastructure (NSE:HILINFRA) Has A Pretty Healthy Balance Sheet

Dec 18
Highway Infrastructure (NSE:HILINFRA) Has A Pretty Healthy Balance Sheet
543391
₹119.00
Suyog Gurbaxani Funicular Ropeways
7D
0.4%
1Y
-50.9%
ABSMARINE
₹196.10
ABS Marine Services
7D
3.9%
1Y
11.0%
ATL
₹24.92
Allcargo Terminals
7D
-7.6%
1Y
-28.1%

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

Nov 25
Calculating The Fair Value Of Allcargo Terminals Limited (NSE:ATL)
SADBHIN
₹3.43
Sadbhav Infrastructure Project
7D
-4.5%
1Y
-45.3%
543364
₹146.95
Markolines Pavement Technologies
7D
2.7%
1Y
-12.6%
JITFINFRA
₹265.80
JITF Infralogistics
7D
1.2%
1Y
-57.4%

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)