Indian (NIFTY) Infrastructure Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 07 Jun 2026	₹5.0t	₹520.7b	₹155.3b	16x	32x	9.5x
Tue, 05 May 2026	₹4.8t	₹538.2b	₹156.1b	11.2x	30.5x	8.9x
Thu, 02 Apr 2026	₹3.9t	₹493.6b	₹152.6b	9.3x	25.4x	7.8x
Sat, 28 Feb 2026	₹4.2t	₹493.6b	₹152.6b	11.1x	27.6x	8.5x
Mon, 26 Jan 2026	₹3.7t	₹478.2b	₹148.6b	11.2x	25.1x	7.8x
Wed, 24 Dec 2025	₹4.0t	₹476.0b	₹148.1b	13.2x	27.2x	8.5x
Fri, 21 Nov 2025	₹4.0t	₹476.6b	₹147.9b	15.2x	27x	8.4x
Sun, 19 Oct 2025	₹4.0t	₹455.0b	₹140.3b	15.6x	28.5x	8.8x
Tue, 16 Sep 2025	₹3.8t	₹442.8b	₹136.2b	17.1x	28.1x	8.6x
Thu, 14 Aug 2025	₹3.6t	₹442.3b	₹135.6b	19.2x	26.8x	8.2x
Sat, 12 Jul 2025	₹3.9t	₹413.0b	₹132.2b	17x	29.6x	9.5x
Mon, 09 Jun 2025	₹4.0t	₹413.0b	₹132.2b	17.4x	30x	9.6x
Wed, 07 May 2025	₹3.6t	₹410.3b	₹128.5b	17.7x	27.8x	8.7x
Fri, 04 Apr 2025	₹3.4t	₹393.0b	₹117.3b	18.4x	29x	8.6x
Sun, 02 Mar 2025	₹3.0t	₹390.7b	₹117.1b	17.5x	25.3x	7.6x
Tue, 28 Jan 2025	₹3.0t	₹377.6b	₹114.1b	23.2x	26.6x	8x
Thu, 26 Dec 2024	₹3.4t	₹377.6b	₹114.1b	23.7x	29.8x	9x
Sat, 23 Nov 2024	₹3.3t	₹377.6b	₹114.1b	24.4x	28.7x	8.7x
Mon, 21 Oct 2024	₹3.9t	₹371.8b	₹110.4b	29.2x	35.5x	10.5x
Wed, 18 Sep 2024	₹4.0t	₹371.4b	₹110.5b	30.4x	36.2x	10.8x
Fri, 16 Aug 2024	₹4.0t	₹370.8b	₹110.4b	32.6x	36.4x	10.8x
Sun, 14 Jul 2024	₹4.2t	₹361.4b	₹101.0b	37x	41.1x	11.5x
Tue, 11 Jun 2024	₹3.8t	₹360.9b	₹101.0b	31.8x	37.3x	10.4x
Thu, 09 May 2024	₹3.5t	₹362.5b	₹93.0b	35.9x	37.3x	9.6x
Sat, 06 Apr 2024	₹3.7t	₹346.3b	₹83.8b	37.6x	44.1x	10.7x
Mon, 04 Mar 2024	₹3.6t	₹345.9b	₹83.8b	38.1x	43.4x	10.5x
Wed, 31 Jan 2024	₹3.2t	₹323.5b	₹67.2b	39.5x	47.7x	9.9x
Fri, 29 Dec 2023	₹2.8t	₹323.3b	₹67.6b	31.7x	41.4x	8.7x
Sun, 26 Nov 2023	₹2.3t	₹323.3b	₹67.6b	27.4x	34.1x	7.1x
Tue, 24 Oct 2023	₹2.1t	₹306.3b	₹67.0b	21.3x	32x	7x
Thu, 21 Sep 2023	₹1.9t	₹270.0b	₹66.7b	18.7x	28.4x	7x
Sat, 19 Aug 2023	₹1.9t	₹262.8b	₹66.2b	16.9x	29.1x	7.3x
Mon, 17 Jul 2023	₹1.7t	₹250.4b	₹56.3b	16.9x	30x	6.8x
Wed, 14 Jun 2023	₹1.7t	₹248.6b	₹55.3b	17.7x	30.8x	6.9x

Current Industry PE

Investors are relatively neutral on the Indian Infrastructure industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 32.4x.

The industry is trading close to its 3-year average PS ratio of 8.9x.

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 28% 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 Market	-0.83%
Industrials	-0.65%
Infrastructure	1.02%
Marine Ports and Services	1.04%
Highways and Railtracks	-1.68%
Airport Services	-5.93%

Industry PE

Investors are most optimistic about the Airport Services industry which is trading above its 3-year average PE ratio of 26.7x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

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 30% per year.

In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 15% per year over the next few years.

Top Stock Gainers and Losers

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

Company	Last Price	7D	1Y	Valuation
ADANIPORTS Adani Ports and Special Economic Zone	₹1.82k	1.1% +₹45.2b	24.0%	PE32.8x
GMRAIRPORT GMR Airports	₹102.03	1.7% +₹17.5b	18.3%	PE613.9x
JSWINFRA JSW Infrastructure	₹278.10	1.0% +₹5.8b	-8.4%	PE38.1x
520086 Sical Logistics	₹72.76	10.9% +₹572.9m	-25.4%	PE11.8x
523618 Dredging Corporation of India	₹1.18k	1.5% +₹501.2m	49.2%	PE694.7x

Company

Last Price

Valuation

ADANIPORTS Adani Ports and Special Economic Zone

₹1.82k

1.1%
+₹45.2b

24.0%

PE32.8x

GMRAIRPORT GMR Airports

₹102.03

1.7%
+₹17.5b

18.3%

PE613.9x

JSWINFRA JSW Infrastructure

₹278.10

1.0%
+₹5.8b

-8.4%

PE38.1x

520086 Sical Logistics

₹72.76

10.9%
+₹572.9m

-25.4%

PE11.8x

523618 Dredging Corporation of India

₹1.18k

1.5%
+₹501.2m

49.2%

PE694.7x

IL&FS Transportation Networks Limited Announces Default in Final Repayment and Interest on Non-Convertible Debentures Due on January 3, 2025

IL&FS Transportation Networks Limited announced it is unable to service its obligations in respect to final repayment and interest on Non-Convertible Debentures due on January 3, 2025. Nature of obligation /Type of instrument: Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures. Tranche VIII (Security ITNL 25). ISIN: INE975G08090. Number of investors in the security as on date of default: 213. Details of the obligation: Tenure: It shall commence from the Deemed Date of Allotment that is February 04, 2015 and end on the day falling at the expiry of 9 (Nine) years and 11 (Eleven) months therefrom. Coupon Rate: 11.80% p.a. Coupon Payment Frequency: Semi- Annual and on the Redemption Date Security: Debentures are Unsecured. Current default amount: Interest due: INR 121,707,650. [Period for which Interest was due: August 5, 2024 to January 3, 2025] (151 days) Final Repayment INR 2,500,000,000. Total amount of securities issued: INR 2,500 million. Gross Principal amount on which the default above has occurred: INR 2,500 million. Remarks/Notes: As part of the Interim Distribution process, the Company has made payment of INR 204,800,354 to the NCD holders on October 19, 2023. Consequent to this interim payment, the outstanding value of the NCDs shall be reduced to the extent of the payout. Reason for non-payment: Pursuant to the Order passed by the Hon'ble National Company Law Appellate Tribunal (NCLAT) on October 15, 2018 (Moratorium Order), the Company has been prohibited from making payments to all its creditors. Further vide an Order passed by NCLAT on February 11, 2019, the Company has been classified as a Red entity and confirming that the Moratorium Order has neither been lifted nor modified in any manner. In view of the aforementioned and in compliance with the abovementioned Orders, the Company is unable to undertake any obligations related to payment of interest/principal on Non- Convertible Securities.

Indian (NIFTY) Infrastructure Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Upcoming dividend of ₹7.50 per share

JSWINFRA: Lower Discount Rate And Revenue Outlook Will Support Bullish Repricing

Highway Infrastructure's (NSE:HILINFRA) Promising Earnings May Rest On Soft Foundations

New minor risk - Share price stability

Full year 2026 earnings released: EPS: ₹6.54 (vs ₹3.98 loss in FY 2025)

Full year 2026 earnings released: EPS: ₹2.39 (vs ₹3.50 in FY 2025)

Full year 2026 earnings: EPS and revenues miss analyst expectations

Final dividend of ₹5.00 announced

Investor sentiment deteriorates as stock falls 18%

Full year 2026 earnings released: ₹0.56 loss per share (vs ₹2.13 loss in FY 2025)

We Think Allcargo Terminals' (NSE:ATL) Profit Is Only A Baseline For What They Can Achieve

ABS Marine Services' (NSE:ABSMARINE) Promising Earnings May Rest On Soft Foundations

New major risk - Financial position

Full year 2026 earnings released: ₹18.73 loss per share (vs ₹28.99 loss in FY 2025)

Full year 2026 earnings released: EPS: ₹2.00 (vs ₹3.01 loss in FY 2025)

IL&FS Transportation Networks Limited Announces Default in Final Repayment and Interest on Non-Convertible Debentures Due on January 3, 2025