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Indian (NIFTY) Infrastructure Industry Analysis

UpdatedDec 19, 2025
DataAggregated Company Financials
Companies19
  • 7D-0.08%
  • 3M0.9%
  • 1Y14.7%
  • YTD12.9%

Over the last 7 days, the Infrastructure industry has remained flat. As for the the longer term, the industry is up 13% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Dec 2025₹4.0t₹476.0b₹148.1b12.6x27x8.4x
Sun, 16 Nov 2025₹4.0t₹476.9b₹147.8b15.5x27.4x8.5x
Tue, 14 Oct 2025₹3.9t₹442.8b₹136.2b17x28.7x8.8x
Thu, 11 Sep 2025₹3.8t₹442.8b₹136.2b16.8x27.9x8.6x
Sat, 09 Aug 2025₹3.6t₹437.4b₹135.3b17x26.8x8.3x
Mon, 07 Jul 2025₹3.9t₹413.0b₹132.2b17.4x29.2x9.4x
Wed, 04 Jun 2025₹3.8t₹413.2b₹132.2b16.8x29.1x9.3x
Fri, 02 May 2025₹3.4t₹398.0b₹118.8b18.3x28.4x8.5x
Sun, 30 Mar 2025₹3.3t₹393.0b₹117.3b16.9x28.5x8.5x
Tue, 25 Feb 2025₹3.0t₹390.7b₹117.1b19x25.4x7.6x
Thu, 23 Jan 2025₹3.1t₹377.6b₹114.1b22.8x27.5x8.3x
Sat, 21 Dec 2024₹3.4t₹377.6b₹114.1b24.3x29.7x9x
Mon, 18 Nov 2024₹3.5t₹377.9b₹113.5b25.5x31x9.3x
Wed, 16 Oct 2024₹4.0t₹371.8b₹110.4b29.5x35.8x10.6x
Fri, 13 Sep 2024₹4.1t₹370.8b₹110.4b33.8x37x11x
Sun, 11 Aug 2024₹4.2t₹370.2b₹110.5b33.4x38x11.3x
Tue, 09 Jul 2024₹4.1t₹361.4b₹101.0b37.2x41.1x11.5x
Thu, 06 Jun 2024₹3.7t₹361.8b₹101.0b31.2x36.4x10.2x
Sat, 04 May 2024₹3.6t₹372.4b₹92.7b36.5x38.8x9.6x
Mon, 01 Apr 2024₹3.6t₹345.9b₹83.8b35.8x43x10.4x
Wed, 28 Feb 2024₹3.6t₹345.9b₹83.8b38.1x42.9x10.4x
Fri, 26 Jan 2024₹3.1t₹323.5b₹67.2b39x46.1x9.6x
Sun, 24 Dec 2023₹2.8t₹323.3b₹67.6b31.8x42x8.8x
Tue, 21 Nov 2023₹2.3t₹323.3b₹67.6b27.7x34.3x7.2x
Thu, 19 Oct 2023₹2.2t₹306.3b₹67.0b22.1x33.3x7.3x
Sat, 16 Sep 2023₹2.0t₹270.0b₹66.7b19.6x29.5x7.3x
Mon, 14 Aug 2023₹1.9t₹263.1b₹66.1b17.2x28.1x7.1x
Wed, 12 Jul 2023₹1.7t₹249.0b₹56.2b16.3x30.2x6.8x
Fri, 09 Jun 2023₹1.7t₹248.6b₹55.3b17.6x30.8x6.9x
Sun, 07 May 2023₹1.6t₹222.8b₹51.1b29x31x7.1x
Tue, 04 Apr 2023₹1.5t₹222.8b₹51.1b26.6x28.6x6.6x
Thu, 02 Mar 2023₹1.4t₹222.8b₹51.1b25.5x27.5x6.3x
Sat, 28 Jan 2023₹1.4t₹213.1b₹52.9b22.6x26.1x6.5x
Mon, 26 Dec 2022₹1.8t₹212.9b₹54.2b21.3x33.3x8.5x
Price to Earnings Ratio

33.3x


Total Market Cap: ₹1.8tTotal Earnings: ₹54.2bTotal Revenue: ₹212.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Infrastructure Industry Price to Earnings3Y Average 32.7x202320242025
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 26.8x which is lower than its 3-year average PE of 32.8x.
  • 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 Market-0.21%
Industrials-0.45%
Infrastructure-0.083%
Highways and Railtracks1.09%
Marine Ports and Services-0.089%
Airport Services-3.24%
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 31.9x.
    • 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
GMRAIRPORT GMR Airports₹100.592.5%
+₹25.7b		24.8%PS8.6x
JSWINFRA JSW Infrastructure₹274.052.6%
+₹14.7b		-12.6%PE36x
GPPL Gujarat Pipavav Port₹191.271.1%
+₹962.0m		-0.005%PE19.4x
543391 Suyog Gurbaxani Funicular Ropeways₹141.5027.2%
+₹753.3m		-45.4%PE24.7x
520086 Sical Logistics₹100.009.3%
+₹554.6m		-32.4%PS2.4x

Latest News

HILINFRA
₹56.42
Highway Infrastructure
7D
-8.3%
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
DREAMFOLKS
₹109.01
Dreamfolks Services
7D
-3.2%
1Y
-73.0%

DREAMFOLKS: Upcoming Acquisition Will Drive Future Travel Services Expansion

Analysts have modestly reiterated their view on Dreamfolks Services, keeping the target near ₹140.0. They believe the unchanged discount rate, revenue growth expectations, profit margin outlook, and valuation multiples continue to fairly reflect the company’s risk reward profile. What's in the News The Board has convened a meeting on December 1, 2025 to approve an investment of about INR 360 million for acquiring a 60.24 percent stake in ETT Solutions DMCC.
543391
₹141.50
Suyog Gurbaxani Funicular Ropeways
7D
27.2%
1Y
-45.4%
JSWINFRA
₹274.05
JSW Infrastructure
7D
2.6%
1Y
-12.6%

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).
ADANIPORTS
₹1,495.70
Adani Ports and Special Economic Zone
7D
-0.6%
1Y
24.1%

We Think Adani Ports and Special Economic Zone (NSE:ADANIPORTS) Can Stay On Top Of Its Debt

Dec 13
We Think Adani Ports and Special Economic Zone (NSE:ADANIPORTS) Can Stay On Top Of Its Debt
GMRAIRPORT
₹100.59
GMR Airports
7D
2.5%
1Y
24.8%

GMRAIRPORT: Upcoming Review Will Highlight Margins Amid Steady Passenger Traffic

Analysts have raised their price target for GMR Airports from ₹104.50 to ₹109.20, citing expectations of stronger profit margins and slightly lower future valuation multiples. What's in the News GMR Airports reported total passenger traffic, excluding Cebu, of 27.8 million for the second quarter ended September 30, 2025, highlighting sustained growth in air travel demand (company announcement).
GPPL
₹191.27
Gujarat Pipavav Port
7D
1.1%
1Y
-0.005%

GPPL: Rising Payouts Will Limit Upside As Earnings Multiple Stays Elevated

Analysts have raised their price target for Gujarat Pipavav Port from ₹161.4 to ₹166.1 per share. This reflects slightly higher long term growth and valuation assumptions while keeping profitability expectations broadly unchanged.
ABSMARINE
₹192.90
ABS Marine Services
7D
-5.1%
1Y
-10.3%
ATL
₹26.39
Allcargo Terminals
7D
0.8%
1Y
-33.8%

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

Nov 25
Calculating The Fair Value Of Allcargo Terminals Limited (NSE:ATL)
SADBHIN
₹3.66
Sadbhav Infrastructure Project
7D
2.5%
1Y
-50.8%
523618
₹946.00
Dredging Corporation of India
7D
-4.6%
1Y
6.9%
JITFINFRA
₹264.40
JITF Infralogistics
7D
-5.2%
1Y
-62.4%

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)
520086
₹100.00
Sical Logistics
7D
9.3%
1Y
-32.4%
ANANTAM
₹103.56
Anantam Highways Trust
7D
-0.4%
1Y
n/a
NAVKARCORP
₹94.26
Navkar
7D
-1.3%
1Y
-41.6%
533177
₹2.89
IL&FS Transportation Networks
7D
7.8%
1Y
-55.6%